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

[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? 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Satofan44]

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?

Stop with this hyperbole. Nobody can force you to do anything here. If you don't want the change, don't update the client.

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.

If core 30 allows images without a "hack"

and all earlier cores allow images with only a "hack".

This is not true. You could do images without any "hack". I mentioned it in an earlier post.

Many miners have been privately and some publicly bypassing OP_RETURN limits that are in Bitcoin Core for a long time. This is a trivial patch that any kid with an AI can do within minutes. If you pay, they will include it in the blockchain. If they block it by some chance you just need to obfuscate it and they will include any type of CSAM. Will they shut down Mara for this?  

It seems to me BTC will face legal challenges which will get solved one way or another.

Most limits will eventually be removed. As much as I don't like this, this is what is going to happen. That is the best solution that avoids these situations in the future. Once all limits are removed except the block size limit, then you can't blame the developers for anything. Bitcoin is a tool for freedom. Permissionless means that you don't get to dictate how someone else wants to use it. Peer-to-peer cash is what satoshi envisioned as the main use case for Bitcoin, but for sure he didn't want to establish a central party that declares what is "spam" and what is not.
This is worse by several orders of magnitude. Perhaps more than a thousand times worse. If a user doesn’t understand how much worse this is compared to OP_RETURN, they should keep a more flexible perspective on this topic.


https://x.com/mononautical/status/1974493719719268610

FYI there is absolutely no known way to block this. Core could create some filter and the "other" side could patch over it in a day. Probably they could even develop a patch before Core even releases the new version. No filterboy has an answer to this, they just try to ignore it because it inconveniences their position. The irony of filterboys and Core critics is that they would also blame the developers if Core didn't anything to help with the UTXO set growth (which would increase the system requirements for the node). They are blaming them for doing something and they would also blame them for not doing something.

¯\_(ツ)_/¯

[cAPSLOCK]

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  

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..

#+>
               

I would love to hear anything you've recorded.  I think there are several of us here who play something. Sir Azimuth has posted the occasional thing... We should try some wacky collaboration some time. 😁

As to the "opera turn" stuff (I think that's a kind of funny way to spell it considering the drama). Is a bigger mess than I had thought it would become at least socially.

Later today I will post my bullet list of the basic arguments of both sides.

Who knows? Perhaps that will cause Satoshi himself to come join the thread to scold me. 🤔😁

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[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.

But I would also like to simply add this. Yes, I'm entirely aware of what UTXO spam is, and I'm aware that that's one of the arguments for expanding the datacarrier size default.  It's the best argument, in fact, in my humble opinion.

Have you ever heard of an ad hominem fallacy? If not then perhaps you should go read up on it a bit.

Okay, I said I wasn't on the sling shit. So, I'm going back to that stance.