Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[d_eddie]

https://twitter.com/APompliano/status/1447608327224139781

Channel reinstated without any explanation.

[1713496072]

1713496072

[1713496072]

1713496072

[1713496072]

1713496072

[Torque]

https://twitter.com/APompliano/status/1447608327224139781

Channel reinstated without any explanation.

Bitcoin info "harmful and dangerous" 

https://twitter.com/APompliano/status/1447630955099922437/photo/1

[Hueristic]

https://www.bleepingcomputer.com/news/security/fontonlake-malware-infects-linux-systems-via-trojanized-utilities/

The researchers discovered three custom backdoors written in C++ associated with the FontOnLake malware family, which provide operators remote access to the infected system.

A common function for all three of them is to transfer collected sshd credentials and bash command history to the C2 server. They also use custom heartbeat commands to keep alive the connection to the control server.

[d_eddie]

https://twitter.com/APompliano/status/1447608327224139781

Channel reinstated without any explanation.

Bitcoin info "harmful and dangerous" 

https://twitter.com/APompliano/status/1447630955099922437/photo/1

https://twitter.com/APompliano/status/1447657995253518349

Pomp 🌪 @APompliano
Our YouTube channel was just reinstated with zero explanation from the company.

Here is the interview with @100trillionUSD
 about bitcoin that Youtube doesn't want you to see.

Retweet so the entire world sees this. #Bitcoin
The Bitcoin Interview That YouTube Tried To Delete
Come On Youtube! We don't do anything wrong with this show. Go Bitcoin Go!SoFi is the exclusive ...

[jojo69]

https://twitter.com/BitcoinMagazine/status/1447602490812284943?s=20



??

[marcus_of_augustus]

https://twitter.com/APompliano/status/1447608327224139781

... plot twist, the Alphabet AI, manages Youtube and Google assets, is intentionally creating a Striesand effect to orange pill more people into bitcoin through PlanB S2F

[hisslyness]

It means you are now the banker sucking the pennies out of dirt poor farmers pockets.
If that was the goal all along then yes you are winning.

Well, snark aside, I'm just saying, providing this liquidity after channel open and close costs is not free.

Nevermind loop fees for rebalancing.

Kinda trying not to unzip my pants here, and beat you across the face. Ya dig?

Slippery slope, sometimes we need to remember the big picture.

Hueristic, NO, I really think you are just taking a very simplistic view. I am assuming you don't have a LN node. Bob's chances of interacted with a poor farmer is close to zero!

Most users on LN, like the peeps in El Salvador will generally interact within their own LN Hub. It would be the provider of the LN Wallet that may interact with Bob, and i mean may.

While the fees may seem high, i can assure you it isn't. form my calculations, bob node's fee is about 0.03%

If Bob is getting a lot of routing flowing through his node, it meas two things.

1. Liquidity through his route is good.
2. He has the lowest fee compare with the other possible working routes.

There are many routes a payment can take, but from my experience, if you want to pay little or no fees, then 99.99% of the time, it will fail.

[ChartBuddy]

Explanation

[marcus_of_augustus]

It means you are now the banker sucking the pennies out of dirt poor farmers pockets.
If that was the goal all along then yes you are winning.

Well, snark aside, I'm just saying, providing this liquidity after channel open and close costs is not free.

Nevermind loop fees for rebalancing.

Kinda trying not to unzip my pants here, and beat you across the face. Ya dig?

Slippery slope, sometimes we need to remember the big picture.

... tell us how you really feel?

... what do you think of bitcoin miners charging transaction fees?

... banksters sucking pennies out of dirt poor people is mostly abhorrent because it is within a monopolised system that offers no competition or alternatives

[Hueristic]

It means you are now the banker sucking the pennies out of dirt poor farmers pockets.
If that was the goal all along then yes you are winning.

Well, snark aside, I'm just saying, providing this liquidity after channel open and close costs is not free.

Nevermind loop fees for rebalancing.

Kinda trying not to unzip my pants here, and beat you across the face. Ya dig?

Slippery slope, sometimes we need to remember the big picture.

... tell us how you really feel?

... what do you think of bitcoin miners charging transaction fees?

... banksters sucking pennies out of dirt poor people is mostly abhorrent because it is within a monopolised system that offers no competition or alternatives

Re-read the original post and maybe then you will understand.

[cAPSLOCK]

Google partners with Bitcoin and crypto marketplace Bakkt.

Today Bakkt, a Bitcoin and crypto marketplace and custodian, announced a partnership with Google to extend the “reach and usability of digital assets to meet rapidly evolving consumer demand.”

Bakkt users will now be able to add their virtual Visa Debit cards into Google Pay to purchase goods and services in-store and online, wherever Google Pay is accepted. Bitcoin payments will be converted into fiat to make these purchases.

I felt better about Bakkt at the beginning... But I guess I rather this be them than Coinbase at least.

[ImThour]

Case 1: BTC Goes Below 39770 - We are on Red Trend Lines

Case 2: BTC Goes Above 58300 - We are on Green Trend Lines

According to me, we are on Case 2 which shows a Price of $68k on 1st Jan 2022.

[BitcoinBunny]

"Oh your Bitcoin channel was deleted?
Just a blip, honestly.
These things 'happen' in any relational database system."




Except they don't.

[cAPSLOCK]

But one possible buzzkill.  I am pretty sure RTL shows fees as millisats.  In other words 243600 is 243.6 satoshis.

Yeah, column clearly notes "Fee (mSats)".

It feels very greedy setting a 0 base fee, and then a number of "2500" for the LOOP channel fee-rate mSats, just to keep it somewhat "stable" at this stage, and not bleed me dry.

On the other hand, is earning 243 sats on routing 243600 sats a fair trade? Should I reasonably charge more across the board? Is that too much? Not enough?

Not sure how these questions are answered, yet.

It's getting to the point where I want to reduce the number of times where I update all fees for all channels, then go back and re-micro manage each node - as I've already done.

Eg: WO nodes get really low fees. Other people get another level of standard fee. Big fish get charged a larger fee. Would dislike redoing that all to pull in more profit, without getting a sense of "what is fair to begin with" ?

Sorry, very confusing...

No, that's all good.  I am mixed on my fee taking.  I like the idea of zero base fees in general (http://rene-pickhardt.de/), but go back and forth on the other... right now I have them impossibly low 0/1 almost across the board with a handfull of 0/0 channels.  Might change soon.

[ChartBuddy]

Explanation

[hisslyness]

But one possible buzzkill.  I am pretty sure RTL shows fees as millisats.  In other words 243600 is 243.6 satoshis.

Yeah, column clearly notes "Fee (mSats)".

It feels very greedy setting a 0 base fee, and then a number of "2500" for the LOOP channel fee-rate mSats, just to keep it somewhat "stable" at this stage, and not bleed me dry.

On the other hand, is earning 243 sats on routing 243600 sats a fair trade? Should I reasonably charge more across the board? Is that too much? Not enough?

Not sure how these questions are answered, yet.

It's getting to the point where I want to reduce the number of times where I update all fees for all channels, then go back and re-micro manage each node - as I've already done.

Eg: WO nodes get really low fees. Other people get another level of standard fee. Big fish get charged a larger fee. Would dislike redoing that all to pull in more profit, without getting a sense of "what is fair to begin with" ?

Sorry, very confusing...

No, that's all good.  I am mixed on my fee taking.  I like the idea of zero base fees in general (http://rene-pickhardt.de/), but go back and forth on the other... right now I have them impossibly low 0/1 almost across the board with a handfull of 0/0 channels.  Might change soon.

You shouldn't run your channels at 0/0. There will be no guarantees that the other side will be 0/0 and that funds will travel the other way.

When i first started, and had default fees of basically nothing... it seems my channels were just being taken advantage of and nothing coming back on the other side, because it was either too expensive or there just wasn't any traffic...

It not cheap to open channels and it shouldn't be cheap, or else we are better off just transacting onChain right?

The other benefit, which we don't really appreciate as a routing node, is instant confirmation for the end user... no need to wait for 2-3 blocks! LN is the answer to satoshi questions about the vending machine scenario.

[STT]

According to me, we are on Case 2 which shows a Price of $68k on 1st Jan 2022.

I had a similar pic for a spring remnant of a downtrend but I used weekly bars which I think is best for wider time frames.  So the September high matches the spring peak prices on mine and we already passed this draw on a downtrend, that would match the recent behavior with a strong rise appearing after a downtrend is beaten.
  The more points a trend meets the greater its likely significance and validation as a real pattern, which is just something I can remember traders giving as a rule to go by.   There is no 100% view, 68k year end sounds more likely then downwards again as we already spent a large part of the year on those lower prices before resolving upwards.    I guess we do get a test at some point though, nothing is easy.  Im bullish above 50k

[ChartBuddy]

Explanation

[philipma1957]

maybe I go to sleep and awake to 60k

[ChartBuddy]

Explanation