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

[ChartBuddy]

Explanation

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[vapourminer]

Blockstream Satellite coverage:
https://help.blockstream.com/hc/en-us/articles/900004174286-How-do-I-find-out-if-my-area-receives-Blockstream-Satellite-coverage-

[.,..]
It’s not fast.  Best estimates I can find for IBD from Genesis to tip run about a month (see below).  The point is to make it feasible.

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.

Saturating one’s downstream bandwidth (thus probably being unable to do anything else) for “many months” sounds totally infeasible for real-world use.  Note that in addition to the question of time to sync, the satellite takes the load off of an Internet connection that may be metered/expensive, and that may be needed for other things!  It doesn’t sound like “visiting the local library” to mooch hundreds of gigabytes of their bandwidth is much of an option here, either.

In the past, I’ve run on hardware that takes weeks or a month to validate/index/reindex (CPU and IOPs bottlenecks).  So...

Your estimates of bandwidth are not very useful.  The v2 satellite system uses special encoding to compress the blockchain transmission.  This is reversible, so you wind up with the same data that you would get from the Internet.  Here is a highly informative post from Greg Maxwell (nullc) about the encoding, dated 2020-05-04; I don’t know if anything has changed since then:
https://old.reddit.com/r/Bitcoin/comments/gdlk46/were_excited_to_announce_blockstream_satellite_20/fpif0ni/
^^^ The thread contains further interesting discussion, including some brief comparison of Blockstream Satellite to Starlink.

A quick non-Google web search found this blog post from 2021-10-03, also published in Bitcoin Magazine:

[...long description/instructions for setup, with photos and screenshots...]

Conclusion

After I get the blockchain synchronized, I plan on setting this up so that my other Bitcoin nodes will continue receiving blockchain data from my satellite node over my local network during an internet outage. But because I'm strictly downloading from satellite signal, this will take roughly a month or longer to get a full sync. That is why I think this is a good stopping point for this guide and I will follow up with shorter guides on useful things you can do with a satellite-connected receiving node.

Also published at: https://bitcoinmagazine.com/guides/how-to-run-a-bitcoin-node-from-satellite

The same author also has such things as “Bitcoin Home Mining Network Privacy”.  I have not reviewed.  It may be interesting to reach out to him for updates on how his satellite setup has worked out, in real-world usage.

Another guide I found (warning: on a retarded webhost that blocks Tor):
https://www.alexanderjsingleton.com/goldeneye-running-bitcoin-from-space-with-blockstream/

My searching/browsing just now turned up some other interesting stuff, about using Bitcoin totally off-grid:  Blockstream Satellite for receiving the blockchain as bulk data—mesh networks for anything that needs two-way communication.  Will not link, because I am getting way out of my depth.  I know some people who do mesh networks; perhaps I should take this as an opportunity to learn.

vapourminer:  I do know of some things about LoRaWAN, alternative sat systems for other purposes (not useful for receiving the Bitcoin blockchain), and other things that it seems you would probably find very useful.  Not an expert—could give pointers and DYOR leads.  Feel free to ping me if curious.

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, [...]

I observe that it is a way to broadcast a message to a completely untraceable recipient.  To send the message, your Internet connection could still be traced if Tor is broken, or whatever; but there are various specialized scenarios where message recipient anonymity is the top priority.  Compare dead-drops, or old-fashioned alt.anonymous.messages.

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.

I do NOT want to ask any potentially private/revealing details about your circumstances.  But I have a feeling that someday, you may find this very handy.  Even as a backup for your multiple backups of the precious, precious blockchain.

Happy to help.

thanks. might take you up on that some time.

[shahzadafzal]

Mfer calls himself inventor of Bitcoin and says all the Bitcoin are already issued in 2009 itself.  


https://www.linkedin.com/feed/update/urn:li:activity:6946865732672495616/

He knows shi*t about bitcoin



vs

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

[ChartBuddy]

Explanation

[aesma]

@JJG : just to be sure, what's a low coiner ?

Dear bitcoin please stay in 20s for 4-5 days more. I want to top-up on my next salary.

Yes, #metoo. Buy some and add some more steps to my ladder.

[348Judah]

I want to believe this is a good start for the week as the price begin to surge high, now that it giving a signal to rise this may be a little or the type on a large scale, but nevertheless we can quickly take a very good advantage of this week into day trading before the week runs out, i want to believe seeing bitcoin getting to around $22k to $23k before the close of the day with all indications been equal, we can still make it through while this places more opportunities for us in bitcoin to utilize.

[ChartBuddy]

Explanation

[death_wish]

Mfer calls himself inventor of Bitcoin and says all the Bitcoin are already issued in 2009 itself.  


https://www.linkedin.com/feed/update/urn:li:activity:6946865732672495616/

He knows shi*t about bitcoin



vs

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

This is probably one of the only times that you will ever see me approvingly quote Roger Ver, a.k.a. MemoryDealers (2021-12-30):

MemoryDealers

My memory matches u/nullc's post.

After Greg made this interesting offer, I proposed it to CSW. CSW said he would never sign anything for Greg ever. Greg was effectively offering everything that CSW claimed he wanted, and all CSW had to do was sign a message, yet he refused. This certainly did lead me to being far more skeptical of Craig. The straw that broke the camel's back was when at the dinner in Thailand, the night before the miner meeting that eventually led to the BSV / BCH split, CSW didn't even know that Bitcoin addresses have a checksum built in. He later tried to play it off that he had known that the whole time, but it was 100% clear to me that he did not. I think Greg is obnoxiously wrong about many things, but his post above is not one of them.

https://archive.ph/KutCc

I hereby quote the highest-upvoted comment.  The OP there is definitely worth a read.

[BitcoinBunny]

I don't believe the Craig S Wrong guy for one second.

No one who spends years "studying" a hoax (religion) could ever invent something as useful as Bitcoin.

Seems he has made a career out of scams.

I bet the telephone scam asshole cunts in India have photos of Craig S Wrong on the wall and pray to him every day.

[fillippone]

Usual WO game.
Where I am: level easy.
Where am I headed to?

[modrobert]

I don't believe the Craig S Wrong guy for one second.

No one who spends years "studying" a hoax (religion) could ever invent something as useful as Bitcoin.

Seems he has made a career out of scams.

I bet the telephone scam asshole cunts in India have photos of Craig S Wrong on the wall and pray to him every day.

If you were Satoshi, what would be the benefit of claiming that in public (think it through at least twice before replying)? When someone gives a reasonable answer to that question it might be worth it to at least put their claims to test, which is pretty simple, just move Satoshi's stash of BTC, end of story.

[BitcoinBunny]

Usual WO game.
Where I am: level easy.
Where am I headed to?

Earl's Court underground station.

Maybe you're going to watch Wimbledon?

[cygan]

[BitcoinBunny]

I don't believe the Craig S Wrong guy for one second.

No one who spends years "studying" a hoax (religion) could ever invent something as useful as Bitcoin.

Seems he has made a career out of scams.

I bet the telephone scam asshole cunts in India have photos of Craig S Wrong on the wall and pray to him every day.

If you were Satoshi, what would be the benefit of claiming that in public (think it through at least twice before replying)? When someone gives a reasonable answer to that question it might be worth at least put their claims to test, which is pretty simple, just move Satoshi's stash of BTC, end of story.

Did he ever give an answer why he can't move them or why he doesn't do exactly that to demonstrate who he is?
Now he is claiming he can recover other people's coins.

Yep, good idea to send THAT guy info about your coins.

 

[Hamza2424]

Usual WO game.
Where I am: level easy.
Where am I headed to?

Earl's Court underground station.

Maybe you're going to watch Wimbledon?

It means your Guess is 100% Accurate.
Thats good thats called chemistry / bond between two entities 😆😆

[ChartBuddy]

Explanation

[death_wish]

If you were Satoshi, what would be the benefit of claiming that in public (think it through at least twice before replying)? When someone gives a reasonable answer to that question it might be worth at least put their claims to test, which is pretty simple, just move Satoshi's stash of BTC, end of story.

If by “Satoshi’s stash of BTC”, you mean some huge amount, then you are referring to the so-called “Patoshi” coins.  Nobody knows if those are Satoshi’s; I tend to think not.  (Why would Satoshi himself use mining software that behaved differently than the Bitcoin software he published?)  It can’t be proved either way, unless Satoshi or Patoshi steps forward.

The threshold test for anyone who claims to be Satoshi is authentication with a digital signature from one of Satoshi’s known keys:  His PGP key, or the key for one of the Bitcoin addresses definitively known to be Satoshi’s.  Not moving coins that may or may not be Satoshi’s, and that may coincidentally move while some random scammer claims they did it.

By “authentication”, I mean signing a message with substance similar to this:

Code:

2022-06-26: I, [name of claimant], am Satoshi Nakamoto.

I don’t ask someone’s motives before demanding that.  If the claimant refuses (as Craig Wright has), then his motives are obvious:  He is an imposter.


To illustrate the dangers of relying on faulty assumptions about the ownership of early coins:

[...] under oath Craig wright provided a list of the bitcoin holdings he claims he mined as satoshi... thousands of early addresses. ... and as soon as the list was published the owner(s) of 145 of the addresses, controlling 7250 BTC, signed a message saying those addresses didn't belong to Wright and that Wright was a fraud.

IIRC, those coins have not been moved.  Their owner(s) evidently follow the news, and still have the keys.

The content of the signed message, which you should verify for yourself (see above link):

"Craig Steven Wright is a liar and a fraud. He doesn't have the keys used to sign this message.

The Lightning Network is a significant achievement. However, we need to continue work on improving on-chain capacity.

Unfortunately, the solution is not to just change a constant in the code or to allow powerful participants to force out others.

We are all Satoshi"

[modrobert]

If you were Satoshi, what would be the benefit of claiming that in public (think it through at least twice before replying)? When someone gives a reasonable answer to that question it might be worth at least put their claims to test, which is pretty simple, just move Satoshi's stash of BTC, end of story.

If by “Satoshi’s stash of BTC”, you mean some huge amount, then you are referring to the so-called “Patoshi” coins.  Nobody knows if those are Satoshi’s; I tend to think not.  (Why would Satoshi himself use mining software that behaved differently than the Bitcoin software he published?)  It can’t be proved either way, unless Satoshi or Patoshi steps forward.

The threshold test for anyone who claims to be Satoshi is authentication with a digital signature from one of Satoshi’s known keys:  His PGP key, or the key for one of the Bitcoin addresses definitively known to be Satoshi’s.  Not moving coins that may or may not be Satoshi’s, and that may coincidentally move while some random scammer claims they did it.

By “authentication”, I mean signing a message with substance similar to this:

Code:

2022-06-26: I, [name of claimant], am Satoshi Nakamoto.

I don’t ask someone’s motives before demanding that.  If the claimant refuses (as Craig Wright has), then his motives are obvious:  He is an imposter.


To illustrate the dangers of relying on faulty assumptions about the ownership of early coins:

[...] under oath Craig wright provided a list of the bitcoin holdings he claims he mined as satoshi... thousands of early addresses. ... and as soon as the list was published the owner(s) of 145 of the addresses, controlling 7250 BTC, signed a message saying those addresses didn't belong to Wright and that Wright was a fraud.

IIRC, those coins have not been moved.  Their owner(s) evidently follow the news, and still have the keys.

The content of the signed message, which you should verify for yourself (see above link):

"Craig Steven Wright is a liar and a fraud. He doesn't have the keys used to sign this message.

The Lightning Network is a significant achievement. However, we need to continue work on improving on-chain capacity.

Unfortunately, the solution is not to just change a constant in the code or to allow powerful participants to force out others.

We are all Satoshi"

https://www.blockchain.com/it/btc/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

[ChartBuddy]

Explanation

[DVlog]

Humans react to what they can see. Everyone doesn't have the foresight to see the opportunity that is why most people in the world are still using fiat and saving money in their bank accounts.