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

[hypebrother]

(X)
Oh, lets not be a hypocrite here, there was always the option to change it so why did you feel the need to FORCE the change on unsuspecting people that don't change defaults and were perfectly happy with the way it was?
(~)

I don't want to throw gasoline on the fire, is just a personal observation:

 When i access bitcoin org, i see: 'peer-to-peer money cash system', and didnt see peer-to-peer image system...than, bitcoin is not more for everyone? Satoshi didnt mean this, or, mean something instead this..

the architecture has to change. qubit can fuck every miner out there. i heard canaan is releasing a new chip. lets not loose hope.

[hypebrother]

[somac.]

Personally, I would be quite satisfied if there was a fork that was exactly the same software, but just retained a 160-bit opreturn limit, and retained the customization abilityfor the node runners.

uh that 'fork' is called Bitcoin Core! --  you can set the limit to whatever you want.  You always could at every point in time.

What was changed was the default value -- to reflect the reality of what major miners *already* changed it to, in order to avoid collateral harms.

There was a proposal that didn't make it configurable since that was the simplest thing to do, but once it was clear that some people wanted to change it it, that proposal was rejected in favor of an alternative that was configurable.

Perhaps you need to sit back and reflect and ask yourself why you feel like you are entitled to make demands about what other people choose to do with their own computers and time?

If you think dictating other peoples choices is important to you then maybe Bitcoin is just not for you.  It's not for everyone, apparently.

Oh, lets not be a hypocrite here, there was always the option to change it so why did you feel the need to FORCE the change on unsuspecting people that don't change defaults and were perfectly happy with the way it was?

And did you tell them this setting would allow increased spam to be stored on their systems?

I'm no lawyer but this could even be liable.

I have no horse in this race but I see the shady tactics you guys are using because I am not a shill nor a child.

Hang on. Was that change not recorded in the version change log? Core does have a change log right? Because if so that is dodgy, but if it was recorded it's up to the user to check these things, as one should for all programs.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[d5000]

The ETF era Bitcoin Drama - 2025

*yawn*

If you want to really understand what this all is about, I made an ELI5 (sort ot, perhaps ELI12). I will not repeat everything. Short summary:

- you can already include about 400 kB of everything you want, including illegal stuff, in standard transactions (and you could include only a bit less than 100 kB at any time since 2009, before OP_RETURN and Taproot),
- Slipstream and similar services allow up to 4 MB in non-standard transactions if you pay for it. You can blame the miners but that's the incentive structure.
- all alternatives to OP_RETURN are worse for node operators (cost and resource usage goes up).
- do you know what Bitcoin Stamps (a protocol with about 1,25 million NFTs on the Bitcoin chain) and the "fake public key method" (in P2MS or P2WSH outputs) are? If not, then you really have to read a bit first.

I don't like the spam but the only real solution would be to change to a protocol like Grin's where the types of transactions are extremely restricted. No Lightning, no sidechains, no contracts, no decentralized swaps ...

[somac.]

The ETF era Bitcoin Drama - 2025

*yawn*

If you want to really understand what this all is about, I made an ELI5 (sort ot, perhaps ELI12). I will not repeat everything. Short summary:

- you can already include about 400 kB of everything you want, including illegal stuff, in standard transactions (and you could include only a bit less than 100 kB at any time since 2009, before OP_RETURN and Taproot),
- Slipstream and similar services allow up to 4 MB in non-standard transactions if you pay for it. You can blame the miners but that's the incentive structure.
- all alternatives to OP_RETURN are worse.
- do you know what Bitcoin Stamps (a protocol with about 1,25 million NFTs on the Bitcoin chain) and the "fake public key method" (in P2MS or P2WSH outputs) are? If not, then you really have to read a bit first.

I don't like the spam but the only real solution would be to change to a protocol like Grin's where the types of transactions are extremely restricted. No Lightning, no sidechains, no contracts, no decentralized swaps ...

I'll have to check it all out one day if I get time.

One question though why do so many consider SPAM a problem? We have fees to prevent SPAM, it has done so in the past, and surely will in the future. Hell, we want higher fees in the future anyway to make up for decreased block reward.

[d5000]

One question though why do so many consider SPAM a problem? We have fees to prevent SPAM, it has done so in the past, and surely will in the future. Hell, we want higher fees in the future anyway to make up for decreased block reward.

In general I agree. For me the big problem is the unpredictability of NFT ("spam") waves. When the NFT market heats up, people will pay extremely high fees to store their Pepe or ape or whatever. Or at least did so in the past (2023/24). Sometimes the fees were so high that people were disincentived even to open a Lightning channel.

I can live with the current "spam" level - NFT, tokens and stuff almost only stored on-chain in low-fee blocks, and that indeed is helping the miners to get a slightly higher income. But these waves really are/were disruptive. But I hope the market has cooled down so much already, and there are so many Inscription/Stampchain/etc. NFTs on chain already, that the market should be saturated for years to come. And of course altcoin NFT waves also exist.

[Obari]

My mothers final resting place.

It's hard..very hard.

I still cry a lot.

Appreciate and be fortunate if your parents are still alive. See them more often, make memories. Use your BTC wealth to buy something for them, don't be a greedy scrooge.

My condolence
I can really relate with the pains you face
I lost my dad since 2016 and I tell you that I still miss him and wish his still here because I know life wouldn’t have been this hard if he was to be here.

My mom is still alive and sincerely, there’s nothing she ask for within my will that I wouldn’t give because now that I’m a father, I really do understand the pains my parents had to go through to give us a comfortable life and now I understand more better the efforts of mom and her pains when my dad was no more.

Rest in peace to your mom and I’m certain my dad would be smiling at me from heaven for Ellington him okay his roles in my little ways.


I hope people who still have their both parents can truly appreciate them while they’re still alive .

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cAPSLOCK]

Personally, I would be quite satisfied if there was a fork that was exactly the same software, but just retained a 160-bit opreturn limit, and retained the customization abilityfor the node runners.

Perhaps you need to sit back and reflect and ask yourself why you feel like you are entitled to make demands about what other people choose to do with their own computers and time?

If you think  is important to you then maybe Bitcoin is just not for you.  It's not for everyone, apparently.

Please show me where I did that.  Yes we can set that variable still for now.  But the default on the reference daemon is now 100k, and defaults matter.

Your point works in both directions doesnt it?

How is taking that default from 80bytes to 100k bytes by default not "dictating other peoples choices" while me advocating for what citrea actually wanted as a default is?

Anyone who wants can run lilbrerelay too if they want.

I am dictating nothing.

And yes. Bitcoin is definitely for me.

[cAPSLOCK]

My mothers final resting place.

It's hard..very hard.

I still cry a lot.

Appreciate and be fortunate if your parents are still alive. See them more often, make memories. Use your BTC wealth to buy something for them, don't be a greedy scrooge.

My love to you dear friend.

My own mother passed almost 2 years ago.  I am not even beginning to be over it.  But that is part of love I think.

Sterkte en heerlijkheid zijn haar kleding; en zij lacht over den nakomenden dag.
Zij doet haar mond open met wijsheid; en op haar tong is leer der goeddadigheid.
Zij beschouwt de gangen van haar huis; en het brood der luiheid eet zij niet.
Haar kinderen staan op, en roemen haar welgelukzalig; ook haar man, en hij prijst haar, zeggende:
Vele dochteren hebben deugdelijke gehandeld; maar gij gaat die allen te boven.

[cAPSLOCK]

The ETF era Bitcoin Drama - 2025

.
- do you know what Bitcoin Stamps (a protocol with about 1,25 million NFTs on the Bitcoin chain) and the "fake public key method" (in P2MS or P2WSH outputs) are? If not, then you really have to read a bit first.

Seriously... f%&% mikeinspace.

Tell me... Do you think he will change to op_return now?  His entire point is to shit in the punchbowl.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Looks like the market really wants to break above this ceiling at $112K.  It was only able to do so briefly earlier this week.  I think it is only a matter of time before that resistance breaks.  All the chart watchers are expecting a big move up here in the next week.  I think attempts will at least be made that should push the price up a couple grand at least. 

Get that Halloween candy ready...  Enjoy the weekend!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[shahzadafzal]

It’s perfectly fine. Nothing wrong here why he seems so confused? Don’t you guys agree?

[asUHWEceyc]

But I do strongly believe in fighting for what we have rather then destroying it by empowering certain individuals.

Definitely. We've seen what happened with Gavin Anderson, Roger Ver, Mike Hearn, Jeff Garzik and many others. They all turned out to be extremely damaging to Bitcoin in one way or another. Some worse than others but the point is the same.

Leadership obtained from promoting and "upgrading" a singular implementation derives entirely from the mistaken belief that such a project is implicitly productive and helpful with regards to what has thus far been shown to work- rather than potentially harmful and/or parasitic.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Tonimez]

It’s perfectly fine. Nothing wrong here why he seems so confused? Don’t you guys agree?

This is a perfect description of how Twitter bitcoin analysts confuse many newbies and investors. You rush to Twitter space hoping to find an encouragement or an investment fact: you first hit the doubting Thomases, meet the bitcoin future uncertainties, bump into bitcoin enthusiasts and when you finally think you're settling into investment decisions,...you meet the bitcoin enemies and deviants.

Should I invest or not?? Who would bail the cat? Which do I follow? Haha 😆

[OutOfMemory]

Funny you mention audacity.  I have been a music/audio professional for all my life.  Here I sit...



I am not aware of the drama there... probably better I avoid it, honestly, lol.  I use Reaper (multitrack) and Acoustica (mastering).

cAPS, did i miss or forget that fact about yours?
However, i may end up send you some future stuff of mine to have a listen to (as an audio professional).
Be warned  

About the op_return discussion that goes on here i mostly understand and share most of your opinions, by the lack of time and focus i didn't reply (yet?), but regarding the discussion as a whole, apart of the subject, the fucking hating and dividing sickness seems to spread everywhere, worse that Covid. Glad to see you're immune to that shit  

(X)
Oh, lets not be a hypocrite here, there was always the option to change it so why did you feel the need to FORCE the change on unsuspecting people that don't change defaults and were perfectly happy with the way it was?
(~)

I don't want to throw gasoline on the fire, is just a personal observation:

 When i access bitcoin org, i see: 'peer-to-peer money cash system', and didnt see peer-to-peer image system...than, bitcoin is not more for everyone? Satoshi didnt mean this, or, mean something instead this..

#+>
               

Pretty much sums it up for me, but what do i know?