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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bet we could swap that pie chart right around if BitcoinUnlimited was the only option available for download on:
bitcoin.org
r/bitcoin
bitcointalk.org
And core was available on bitcoincore.org
Just goes to show how Bitcoin is already centrally controlled. Domain names mean more than hashrate...
JJG and his ilk blindly cheer while their more cunning cousins place native BTC in a chokehold in order to drive transactions off-chain and make Blockstream shareholders rich.
Guess we'll see what happens, cowardly chinese miners won't be doing squat until the price takes a swan dive.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What did I miss? I wasn't done dumping yet.
I did a Localbitcoin's buy of nearly 5 bitcoins, and then I was going to sell back right away with nearly a $30 spread - however, I had another urgent matter in the real world that I needed to deal with, so I thought that I should take care of the real world matter first, and prices have been pretty stable for a couple of weeks.. so no big deal, and then I would sell the coins that I had bought after I finished up the real world matter. Next thing you know, I turn my head, and my $30 spread turned into a $15 spread... and therefore, I just locked in the $15 spread.. and a bit irritated by my having had diddle daddled around in my distraction. Had stuff happen to me a few times. Sometimes I would break even and wonder if it was worth the time and gas.
But every good trade builds your reputation so it's good in the long term.
Played German money transmitter a few times... the clientele was rather lacking in hygiene standards and punctuality, sometimes... both.
But every good trade builds your
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I was talking to the owner of the local restaurant about bitcoin and he was considering accepting it. He likes that the fees are minimal compared to his credit card service, the no charge backs, the fact that the currency is not a government currency that is built to lose value, how he can send it all around the world within seconds.
But then he asked "is there any new development"?
I said not much, just some usual improvements at a stable pace as necessary for a developing new currency.
He immediately kicked me out of his restaurant and told me to never return.
But then he asked "is there any new development"?
I said not much, just some usual improvements at a stable pace as necessary for a developing new currency.
He immediately kicked me out of his restaurant and told me to never return.
Another exaggeration... (and I did not really think that you, Elwar, were the exaggerating type)
What bullshit.
JJG, retarded as ever.
If we keep the 1MB blocksize limit we might also stay on $600 for decades.
[snip]
[snip]
Maybe.
After The Great Economic Collapse happens while BTC has the capacity of a medium sized shopping center... $600 might buy you a slice of bread.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
.......The $66 value, or whatev, has absolutely zero impact on the priority of a transaction, JJG might be surprised to hear.
Why do you seem to feel some kind of insecurity in that you want to try to battle with me regarding some point that I did not make?
For your edumacation, BMBG, that's referred to as a strawman argument, which by definition is a creature of your own creation.
I would like to point out, however, that frequently folks raise the issue of transaction amount and fee amount in the same sentence in order to clarify the current fee situation within bitcoin in which, as you pointed out BMBG, largely the fee amounts are not synchronized with the transaction amount - and so a transaction will receive a very similar levels of priority in processing based on the pure fee amount (which could be anywhere between $.02 and $.20), yet the value of of the transaction could be $66 or $66,000 .. yet people still like to disclose the value of the transaction in order to consider the value of the bitcoin network and to compare fees that may exist in mainstream fiat institutions or some kinds of attempts to electronically transmit value outside of mainstream fiat institutions.
Go home JJG, ur drunk.
https://bitcointalk.org/index.php?topic=994.msg12168#msg12168
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Problems are keeping up...
https://blockchain.info/tx/785cc496c9bd7c61a0d42b278134259cb5735fc7a4807552430b74af4cce8c96
I mean is it normal for a transaction to take so long, even if the blocks are clogged or something?
And if so since this transaction is actually a payment from a hot wallet I think am a bit screwed if it
never gets confirmed.
https://blockchain.info/tx/785cc496c9bd7c61a0d42b278134259cb5735fc7a4807552430b74af4cce8c96
I mean is it normal for a transaction to take so long, even if the blocks are clogged or something?
And if so since this transaction is actually a payment from a hot wallet I think am a bit screwed if it
never gets confirmed.
How long has it been? it appears to have been set at "medium priority" with a fee of less than $.02 and a quantity of about $66. Projected to confirm in 6 blocks, but even if it takes a day, are you in a rush? Why would you assume that you are going to lose the money, unless it has been more than a day?
Pay no attention to JayJuanGee, nor the blockchain.info "medium". You paid 10 satoshi per byte, which is indeed quite low for inclusion in the congestion the network faces these days. The $66 value, or whatev, has absolutely zero impact on the priority of a transaction, JJG might be surprised to hear.
https://tradeblock.com/bitcoin/tx/785cc496c9bd7c61a0d42b278134259cb5735fc7a4807552430b74af4cce8c96
And here for the fullness of blocks, and their avg sat/byte fees.
https://tradeblock.com/bitcoin/
I did a big multi KB one at 9 sat/byte recently and it eventually went through. Mined by antpool. That was a weekend, tho, iirc.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Localbitcoins b& in russian federation...
http://www.coinfox.info/news/6399-localbitcoins-blocked-in-russia
http://www.coinfox.info/news/6399-localbitcoins-blocked-in-russia
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Weekly Stochastics have not been this low since F'ing June 2015!
800's is where its at. we'll be there shortly i think and kinda bounce around there until bitcoin inevitably dies and price crashes to 0.
800's is where its at. we'll be there shortly i think and kinda bounce around there until bitcoin inevitably dies and price crashes to 0.
What, I don't visit this thread in a few weeks and when I check in Adam is talking about bitcoin death and JJG is nowhere to be seen? Is it April 1?
Glad to be missed...
I am back!!!!!!
He didn't say you were missed.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Did Elwar not tell granny that he recently almost immediately lost 15% of the proceeds of the sale of his house to a devaluation, along with at least $5K appropriated by the BTC financial institushun he was using? That oughtta scare her more than an arbitrary capacity limit from 2010 being used to drive demand to a VC funded (not currently existing) scam layer.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Is LN still happening?
Still in Alpha. Prob minimum 6 months out.
I think your estimate may be a couple months off. These things usually happen in April.
I, for one, can't wait to open prepaid channels with gigantic monolithic hubs (because breadth of connectivity, liquidity, and free markets). P2Hub Hub2P was always superior to P2P, we just didn't know it yet. Lack of eye-watering complexity (pre-payment, always-connected private key holding wallets, one-day time locks protecting you from getting robbed) was always holding back Bitcoin's mass adoption.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Are you saying there is no solution to the scaling problems? I didn't quite catch that
You ever converse with a brick wall? Yeah, that's about what it's gonna be like.
It feels like the cryptomarket is just waiting for a solid scaling solution to happen for the price to skyrocket...
You're exactly right. Speculative markets are forward looking, and as they see zero progress towards increasing Bitcoin's capacity... the capacity for price growth is similarly capped.
But it's only Bitcoin that's slipped this particular noose around its own neck... to the dramatic speculative benefit of competing networks in the "cryptomarket".
https://twitter.com/ErikVoorhees/status/770373513685241856
Re: Blockchain is charging high fees - $0.25 for sending 1 Bitcoin transfer
...LN will probably be quite useful for these pocket change transactions.
Like I said:
Patience, gentlemen. Blockstream is building out an overlay network... where we can exchange Bitcoin IOU's. Artificial scarcity is the carrot and stick that will lead us to this new, revolutionary, fully decentralised, and downside-free paradigm. Join me in patiently waiting, will you?
These earth-shaking disruptive techmologies are sometimes like this... you have to form a company... capture a protocol, then monetize it. It doesn't happen overnight... patience pls.
.... and the price has a tendency to rise. Which it would in time.
Rise in due time, rise in due time, yes it will.
Future Legends of Crypto.
If we can raise BTC transaction fees to 50 cents or more we can make some good gains for the Monero holders. Monero has an adaptive blocksize, right?
KaChing! Thanks iCE, you crafty devil, you.
Re: Blockchain is charging high fees - $0.25 for sending 1 Bitcoin transfer
Patience, gentlemen. Blockstream is building out an overlay network... where we can exchange Bitcoin IOU's. Artificial scarcity is the carrot and stick that will lead us to this new, revolutionary, fully decentralised, and downside-free paradigm. Join me in patiently waiting, will you?
Re: We need an incentive to make first world population use Bitcoin
Bitcoin can only handle 3.7 or so transactions per second, worldwide. We regularly hit that now, so no need to bring more people into using Bitcoin, they'll just get disappointed.
Apparently segwit in April and lightning in August will solve all that tho... so best just relax for a while.
When monolithic lightning hubs have taken over the transactional load from the Bitcoin network, we can talk about growing the userbase again.
Apparently segwit in April and lightning in August will solve all that tho... so best just relax for a while.
When monolithic lightning hubs have taken over the transactional load from the Bitcoin network, we can talk about growing the userbase again.