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

[Biodom]

raises hand.

my internet sucks majorly bad and it would take months, many months, to dl from genesis. my inet is so bad and the full blockchain stored locally so important i have it backed up so many ways (raidz2, raid5, portables drives, internal drives i rotate etc, all stored in many places) it borders on ridiculous.

 help me obi won musk, starlink is my only hope.

is starlink the only "space" internet? I thought that blockstream did something for bitcoiners.

[Richy_T]

Have you ever lived in a situation where downloading the entire Bitcoin blockchain from the Internet, and keeping up with blocks, would be cost-prohibitive in terms of bandwidth?  It is not a rare situation.  Not a corner case.  I think that the worldwide majority of people are probably in that situation.

Satellite TV dishes are ubiquitous.  Surprising and disturbing, but true.  They can be repurposed for this, with a few parts that fit into a poverty-level budget.  Now, at least, you can have the BYOB security of consensus-validating the blockchain yourself.  To make transactions, use your mobile data connection that has kbps speed, and costs money you can’t afford billed by the kilobyte.  Although it is not ideal from a decentralization viewpoint, it gets your foot in the door.

Still makes no sense?

You would still have to download the entire blockchain if you wanted it as the transmission is only for new blocks. It is broadcast only so if you have a block with corrupted data, there is no way to request a re-transmission so you need an alternative method to obtain them anyway. Their transmission footprint means that most of the world has no access to it anyway. Much of the third world has better wireless connectivity than the first because they didn't start out with POTS and have been rolling out state-of-the art stuff from the go and they can use cheap off-the-shelf equipment and not have to install expensive satellite equipment.

Yes, it makes no sense. As evidenced by the fact nobody is using it. There is no market for it because it's poorly conceived.

Let's not forget than nobody is supposed to be transacting on the Blockchain anyway because there is not enough space for their transactions and they're supposed to be using convoluted second-layer protocols.

[empowering]

The true is here in the USA she is 100% innocent until proven guilty. So he is correct and you simply are ignoring the law of the land.

Personally I would like to see and hear the trial as I want to see if other weasels are going down due to this trial.

And yeah she is certainly 'guilty' other than by defined by USA law.

Ummm... philipma? empowering? You can't watch the trial because she was already tried and found guilty.

Maxwell faces up to 65 years in prison for the five charges she was convicted of. She was found guilty of sex trafficking, the most serious charge she faced with a maximum prison term of 40 years.

She now simply awaits sentencing.

....appeals will no doubt be made, it might be at this stage, that certain...... issues, may be raised by defence, which, then may lead to something (probably not, but maybe) if so, then, there could be "national security" issues, which put some sort of spanner in the works.

But perhaps it does not go that far.

Maybe she does not make it to the next stage. Maybe she does.

But she is, as far as certain actors are concerned, a loose tie.

Make no mistake that, all most of those that , would stand to lose, from Maxwells disclosures, have made it perfectly clear to her, that, if she does not play ball, everyone she has even remotely cared about will be liquidised.  

This is not a game.

[empowering]

I am just a bit alarmed at the proposition that “they” should be empowered to dispose of undesirable persons, by inserting diseased and hungry carnivorous animals into their most sensitive bodily orifices.

Nothing could ever go wrong.

It is not as if “they” are the same “they” commonly influenced by people like Epstein and Maxwell, who are assuredly not unique.

It is not as if “they” ever find me undesirable and inconvenient.  Or you.  Or y’all.

It is justice.

Observing a red candlestick in the quality of rational discourse.

diddums

[Richy_T]

raises hand.

my internet sucks majorly bad and it would take months, many months, to dl from genesis. my inet is so bad and the full blockchain stored locally so important i have it backed up so many ways (raidz2, raid5, portables drives, internal drives i rotate etc, all stored in many places) it borders on ridiculous.

 help me obi won musk, starlink is my only hope.

As implemented, it wouldn't help you. Sorry. Could throw a microSD in the post, maybe.

[death_wish]

Have you ever lived in a situation where downloading the entire Bitcoin blockchain from the Internet, and keeping up with blocks, would be cost-prohibitive in terms of bandwidth?  It is not a rare situation.  Not a corner case.  I think that the worldwide majority of people are probably in that situation.

Satellite TV dishes are ubiquitous.  Surprising and disturbing, but true.  They can be repurposed for this, with a few parts that fit into a poverty-level budget.  Now, at least, you can have the BYOB security of consensus-validating the blockchain yourself.  To make transactions, use your mobile data connection that has kbps speed, and costs money you can’t afford billed by the kilobyte.  Although it is not ideal from a decentralization viewpoint, it gets your foot in the door.

Still makes no sense?

You would still have to download the entire blockchain if you wanted it as the transmission is only for new blocks.

That was in version 1.  In version 2, they added the ability to obtain the whole blockchain from the satellite network.  You are factually wrong; your information is more than two years out of date.

Adam Back, Chris Cook
May 4, 2020

We are pleased to announce Blockstream Satellite 2.0 is now live, bringing a standards-based transmission protocol, more bandwidth, additional coverage areas, and the ability to sync a Bitcoin full node all the way from the genesis block up to today.

Although I don’t expect everyone to know about these obscure details, it is usually a good idea to look them up before opining.  Especially since I made a positive statement that you can download the entire blockchain from Blockstream Satellite.  If I said so, there is usually a reason.  I sometimes err; but before contradicting me, think twice.

[wrong arguments based on outdated information]

Yes, it makes no sense. As evidenced by the fact nobody is using it. There is no market for it because it's poorly conceived.

Does it change your opinion that the limitations you described were version 1 limitations, removed in version 2?  Technological developments often work that way, you know.

As for “nobody is using it”:  Source of information on usage stats, please.

raises hand.

my internet sucks majorly bad and it would take months, many months, to dl from genesis. my inet is so bad and the full blockchain stored locally so important i have it backed up so many ways (raidz2, raid5, portables drives, internal drives i rotate etc, all stored in many places) it borders on ridiculous.

 help me obi won musk, starlink is my only hope.

As implemented, it wouldn't help you. Sorry.

Please stop giving misinformation.

It will absolutely help vapourminer.  It is perfect for his use case, and the hardware cost is negligible.

https://www.blockstream.com/satellite/

[Richy_T]

By the time we go from “Bitcoin is for everyone”, to “Bitcoin is for well-off people in rich countries”, to “Bitcoin is only for people with high-quality urban/suburban Internet access”, there is not much “everyone” left.

TIL 6MB/hour is high-quality urban/suburban internet access.

[ChartBuddy]

Explanation

[Richy_T]

The true is here in the USA she is 100% innocent until proven guilty. So he is correct and you simply are ignoring the law of the land.

Personally I would like to see and hear the trial as I want to see if other weasels are going down due to this trial.

And yeah she is certainly 'guilty' other than by defined by USA law.

You know there was a trial, right?

[Richy_T]

Please stop giving misinformation.

It will absolutely help vapourminer.  It is perfect for his use case, and the hardware cost is negligible.

https://www.blockstream.com/satellite/

OK vapourminer, the challenge is on. Let us know how it goes, I'm genuinely interested.

death_wish, do they actually have the hardware available? The info page talks about preorder and when I go to the hardware they do have available, it doesn't mention if it supports v2 or not.

[vapourminer]

raises hand.

my internet sucks majorly bad and it would take months, many months, to dl from genesis. my inet is so bad and the full blockchain stored locally so important i have it backed up so many ways (raidz2, raid5, portables drives, internal drives i rotate etc, all stored in many places) it borders on ridiculous.

 help me obi won musk, starlink is my only hope.

is starlink the only "space" internet? I thought that blockstream did something for bitcoiners.

shoulda clarified. blockstream would suffice for my bitcoin needs and thats it. but i need starlink speeds to be able to download the bitcointalk forum now with JJG and DW sized post increasing as my regular crappy slow internet may not suffice soon.

[JayJuanGee]

All the weak hands that sold in the $20-25k range and are now sitting on the sidelines expecting more DOWNity, are gonna be really pissed when the price jumps quickly back up to the low $30ks and never comes back down again.

What are the odds of that particular scenario?  Surely less than 22.4367911%, no?

Even the April to June 2019 price run went up from $4.2k to $13,880 - Ie 3.5x, but ended up coming back down to $6.2k - even absent our March 2020 covid downity bonus... I am thinking that we had more positive macro circumstances back then and also just a wee bit less froth the the shitcoin space and also in the various leveraging catastrophes space... lot's of insolvent entities still seem to be faking their solvency... so maybe they won't have to sell any more of their BTC to cover, perhaps? perhaps?

Have you ever lived in a situation where downloading the entire Bitcoin blockchain from the Internet, and keeping up with blocks, would be cost-prohibitive in terms of bandwidth?  It is not a rare situation.  Not a corner case.  I think that the worldwide majority of people are probably in that situation.

Satellite TV dishes are ubiquitous.  Surprising and disturbing, but true.  They can be repurposed for this, with a few parts that fit into a poverty-level budget.  Now, at least, you can have the BYOB security of consensus-validating the blockchain yourself.  To make transactions, use your mobile data connection that has kbps speed, and costs money you can’t afford billed by the kilobyte.  Although it is not ideal from a decentralization viewpoint, it gets your foot in the door.

Still makes no sense?

You would still have to download the entire blockchain if you wanted it as the transmission is only for new blocks.

That was in version 1.  In version 2, they added the ability to obtain the whole blockchain from the satellite network.  You are factually wrong; your information is more than two years out of date.

Adam Back, Chris Cook
May 4, 2020

We are pleased to announce Blockstream Satellite 2.0 is now live, bringing a standards-based transmission protocol, more bandwidth, additional coverage areas, and the ability to sync a Bitcoin full node all the way from the genesis block up to today.

Although I don’t expect everyone to know about these obscure details, it is usually a good idea to look them up before opining.  Especially since I made a positive statement that you can download the entire blockchain from Blockstream Satellite.  If I said so, there is usually a reason.  I sometimes err; but before contradicting me, think twice.

[wrong arguments based on outdated information]

Yes, it makes no sense. As evidenced by the fact nobody is using it. There is no market for it because it's poorly conceived.

Does it change your opinion that the limitations you described were version 1 limitations, removed in version 2?  Technological developments often work that way, you know.

As for “nobody is using it”:  Source of information on usage stats, please.

raises hand.

my internet sucks majorly bad and it would take months, many months, to dl from genesis. my inet is so bad and the full blockchain stored locally so important i have it backed up so many ways (raidz2, raid5, portables drives, internal drives i rotate etc, all stored in many places) it borders on ridiculous.

 help me obi won musk, starlink is my only hope.

As implemented, it wouldn't help you. Sorry.

Please stop giving misinformation.

It will absolutely help vapourminer.  It is perfect for his use case, and the hardware cost is negligible.

https://www.blockstream.com/satellite/

I have to stand up for Richie_Teeeee here.

He is a recovering BIG blocker nutjob, and accordingly he has relapses from time to time, including but not limited recalling: 1) what year it is, 2) what epoch we are in, 3) what block chain (and/or thread) he participating in  4) CB is not his best friend in the whole world and/or 5) the sheer power of my lil precious.  

So, he just needs some kind of batslappening or something equivolent once in a wwwweeeee while and thereafter he will be as good as new (well kind of like refurbished, but still) for a few weeks.

raises hand.

my internet sucks majorly bad and it would take months, many months, to dl from genesis. my inet is so bad and the full blockchain stored locally so important i have it backed up so many ways (raidz2, raid5, portables drives, internal drives i rotate etc, all stored in many places) it borders on ridiculous.

 help me obi won musk, starlink is my only hope.

is starlink the only "space" internet? I thought that blockstream did something for bitcoiners.

shoulda clarified. blockstream would suffice for my bitcoin needs and thats it. but i need starlink speeds to be able to download the bitcointalk forum now with JJG and DW sized post increasing as my regular crappy slow internet may not suffice soon.

Don't be trying to ween yours truly nor dat dere udder peep nedur!!!!!!  

 

That wuld be no way to be winnin friends in dees here parts.  if you know what is good for uie pooie.  And that's not no threat, nedur.

[death_wish]

Please stop giving misinformation.

It will absolutely help vapourminer.  It is perfect for his use case, and the hardware cost is negligible.

https://www.blockstream.com/satellite/

OK vapourminer, the challenge is on. Let us know how it goes, I'm genuinely interested.

death_wish, do they actually have the hardware available? The info page talks about preorder and when I go to the hardware they do have available, it doesn't mention if it supports v2 or not.

I don’t know.  In the worst case, it is not necessary to buy their kits.  The system is designed with standard components.  The kits are a convenience.  It is intended that if necessary, poor people in poor countries can scratch things together on the cheap.

DIY (info about kits on the same page):
https://blockstream.github.io/satellite/doc/hardware.html#diy-hardware-requirements

Important link:
https://github.com/Blockstream/satellite

I don’t claim expertise on the satellite system.  If anyone needs setup help, I recall having seen some threads in Development & Technology.  A quick search finds only this—full of WO regulars, not updated in a few years.  (What happened to V8s?)
https://bitcointalk.org/index.php?topic=2091860.0
There may be other old threads; or a new one could be started in Development & Technology or Bitcoin Technical Support.


I should correct or clarify two things I said earlier:

It is not purely an altruistic loss-leader for BTC adoption.  Blockstream also offers some paid services over the satellite network.  (Payable only via Lightning, in BTC.)  The service to download the blockchain is free; and they have no way to charge for it, because it is broadcast.  You can also broadcast your own messages over the satellites, for a fee.  I have no idea how much money they do or don’t make from these services.

My question about usage stats was inadvertently a trick question.  Of course, there can be no reliable usage stats:  The system is the most anonymous possible way to obtain the Bitcoin blockchain.  Although Blockstream themselves surely must have stats on how many kits they have sold, there does not exist any way to track who uses it with DIY hardware.  It is a way to obtain the blockchain even more anonymously than through Tor.


Additional information:

I see that they now offer download of the Bitcoin source code via satellite.  No Internet required to get the source!  LOL.  Craight Wright must love that.

They keep improving the satellite service, adding things.  Those here who run Lightning nodes may be interested in the Lightning Network gossip snapshots.

Needless to say, over the years, Blockstream Satellite has seen plenty of FUD.  Much of it from the usual suspects.

https://bitcointalk.org/index.php?action=trust;u=494856

ill say it here...BITCOIN CASH IS THE REAL BITCOIN

The Wall Observer, 2017:

LOLS, ITS A SCAM
the blockstream satellite are lies, please if you have never researched satellites, then do it, and be surprised and then you will see the scam...
the long con from blockstream to drain funds from the network for personal gain.

I know something about the subject. I don't see what scam do you refer to. PLease enlighten us.

if you have never researched satellites, then do it...while your at it, start looking at n  tesla,his tech, his patents and who stole em 

I have a Bachelor's degree in Telecommunications where we covered satellite technology as well as a Master's in IT. I have worked on military satellite systems. I see no scam in what they are doing. Seems pretty straightforward to me.

[ChartBuddy]

Explanation

[death_wish]

shoulda clarified. blockstream would suffice for my bitcoin needs and thats it. but i need starlink speeds to be able to download the bitcointalk forum now with JJG and DW sized post increasing as my regular crappy slow internet may not suffice soon.

I am not a bigblocker, but I am a biiiiiiiiiiiiiiiiiiiiiig poster.

I have to stand up for Richie_Teeeee here.

He is a recovering BIG blocker nutjob, and accordingly he has relapses from time to time, including but not limited recalling: 1) what year it is, 2) what epoch we are in, 3) what block chain (and/or thread) he participating in  4) CB is not his best friend in the whole world and/or 5) the sheer power of my lil precious.  

So, he just needs some kind of batslappening or something equivolent once in a wwwweeeee while and thereafter he will be as good as new (well kind of like refurbished, but still) for a few weeks.

Game theory AI here, modified tit-for-tat.  Batslapping seems uncalled for.  He’s been civil to me, and not outrageously horrible in other ways; therefore, I prefer rational discourse.  I win better that way By taking the high road, everyone benefits.

[aesma]

I like the videos of that guy, most aren't about crypto, but this one is : https://www.youtube.com/watch?v=AJElqtqgC5c

At the end some inconvenient truth about BTC (no BTC bashing).

[ChartBuddy]

Explanation

[Richy_T]

I should correct or clarify two things I said earlier:

It is not purely an altruistic loss-leader for BTC adoption.  Blockstream also offers some paid services over the satellite network.  (Payable only via Lightning, in BTC.)  The service to download the blockchain is free; and they have no way to charge for it, because it is broadcast.  You can also broadcast your own messages over the satellites, for a fee.  I have no idea how much money they do or don’t make from these services.

My question about usage stats was inadvertently a trick question.  Of course, there can be no reliable usage stats:  The system is the most anonymous possible way to obtain the Bitcoin blockchain.  Although Blockstream themselves surely must have stats on how many kits they have sold, there does not exist any way to track who uses it with DIY hardware.  It is a way to obtain the blockchain even more anonymously than through Tor.

The file option is actually interesting to me. The ability to broadcast data over a wide area for effectively a low one-off fee could have interesting use cases, particularly if the size of the satellite dish required could be minimized. Of course, that's not really a Bitcoin thing. It doesn't appear to be a source of income for them though. They have an info page and it looks like they're currently averaging 1-2 messages a day and I bet most of those are of the test message type. https://www.blockstream.com/satellite-queue/

I see that they now offer download of the Bitcoin source code via satellite.  No Internet required to get the source!  LOL.  Craight Wright must love that.

Presumably a "just for fun" proof of concept type thing but fair enough.

As to not hearing about v2 and not being able to tell how many users... Well, it's not exactly all over the news and one would assume Blockstream would be crowing about it if it was a roaring success.

Unfortunately, it's a bit tricky digging the info out of their site so I'm not sure what the bandwidth looks like. They say 25x what it was for v1 but that was only pushing 6MB/hour. I'm sure it wasn't saturated (unlike Bitcoin) but it seems likely that grabbing the full blockchain would take a while. Vapourminer might be better off visiting his local library. It definitely sounds like it isn't as completely useless as v1 but it's not clear by how much.

[vapourminer]

It will absolutely help vapourminer.  It is perfect for his use case, and the hardware cost is negligible.

https://www.blockstream.com/satellite/

OK vapourminer, the challenge is on. Let us know how it goes, I'm genuinely interested.

DIY (info about kits on the same page):
https://blockstream.github.io/satellite/doc/hardware.html#diy-hardware-requirements

Important link:
https://github.com/Blockstream/satellite

uh, you guys do know im lazy af, right?

ill get right on that after a nap. priority one.

hahahahahaha   jk

realistically i have always been interested in it. if i ever do give it a shot i will post it here for sure.

[ChartBuddy]

Explanation