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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11114. (Read 26729338 times)

legendary
Activity: 1834
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For reference and educational purposes only.

Standard cloud to compare against doubled cloud of previous D img. This is why it is good to change your perspectives often. Looking at each of these daily charts with the different settings might lead you to different conclusions as to which direction the price might be heading. For me, the standard cloud settings of 9,26,52,26 seem to work better in the shorter time frame and the doubled settings of 18,52,104,52 or 20,60,120,60 appear to work out better in longer time frames. For best results, its usually a mixture of all of the above to put it simply. Charts are good to provide frames of reference but should be viewed not as something static but something that is in a constant state of flux. #dyor
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I have multiple nodes..do you think I should see a doctor for that? Undecided


legendary
Activity: 3080
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lose: unfind ... loose: untight
Everyone who runs a node please raise your hand.

Several.
legendary
Activity: 3080
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lose: unfind ... loose: untight
^^^
I remember me being a bit rude towards him as well, and he always countered me very polite, I (already longer time) massively changed my behavior towards him cause as you say, on BTC everybody can have his own OPINION, I do hate Jbreher's thought but @the same time he does own BTC as well .... so can't be so bad, later on he will regret of not being completely in BTC alone...
But I do remember me acting wrong towards him, common Jbreher go FULL BTC  Cheesy  Cheesy

You know mic I tried being polite to him in turn but then sometimes he's just massively cockish for no good reason and my desire to be polite flies out the window.

You seem to be conflating a discussion of differing ideas as an attack. Perhaps you are so wedded to your dogma that any criticism of your axioms appears to you as a personal attack.
legendary
Activity: 1303
Merit: 1681
a Cray can run an endless loop in under 4 hours

How many people in this thread run their own node? One? Two?

One!


Cool. I'm actually interested to know the answer to that question...

Was it LFC that was running a Lightning node for a while? I know somebody was...

Everyone who runs a node please raise your hand.

I run a public bitcoin node and a private lightning node without any open channels Smiley
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight

It is all driven by the block size, and dependent upon how many txs per day the average user makes. Any way you slice it, on chain tx capacity is limited by the block size. And inability to transact on chain also breaks LN - no opens, closes, or repudiation of stale channel state driven theft.

OK but that's never happened.

Absolute twaddle. I know you were here in 2017. Have you already driven the Blockapocalyse I from your memory? Too much "champaign" over the skyrocketing fees?

Daily tx capacity is highly variable upon the nature of that's day's txs, but it is well south of a million. So there's your hard cap.

I did the math and the tx per day is theoretically 604,800 at the very maximum. We're currently just shy of 400,000.

Yes. Well south of a million. And we don't have much headroom today. The next FOMO spike will be aborted due to tx capacity. We may even cap before that can take place.

As I queried JJG above: what is the plan to deal with this? There is none being discussed.

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Two key points you never address are:

1. Encouragement of Lightning adoption will help prevent bitcoin from coming close to this, and the technology continues to progress and improve with or without your permission.

Use of LN requires on-chain txs. Once the chain is full, LN breaks. We're bearing down on Blockpocolypse II, and there is still no relief valve.

Not to mention the relative irrelevance of LN in general. The average BTC on-chain tx is currently around $20,000.00. What's LN channel max value again? What percentage of Bitcoiners operate an LN node? What percentage of LN txs succeed on first submission? How much time does a typical LN-er devote to managing their LN node? Nay, LN is nowhere near being a suitable replacement for good old Bitcoin. It may get there some day. Far in the future.

Quote
2. The block size is limited for a specific reason: having a huge blockchain results in increasing centralization. How many people in this thread run their own node? One? Two? The blockchain is already too unwieldy for your average bitcoin enthusiast to run a full node. Making it even bigger will insure that an even smaller proportion of people will be able to run a node.

Oh yes. The 'buhbut mah decentralization' canard. For the eleventy-bajillionth time, so-called 'nodes' provide no value to the system as a whole. But let's set that aside, as that's another twenty-page discussion in and of itself. Let's ask the question 'what percentage of LN users also operate a so-called 'node'?'

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Of course BCH and SV don't have this problem, because their blocks remain tiny and unfilled.

How quaint of you to claim that, when SV has processed multiple blocks larger than 100MB.

That's kind of an aside, however, as the entire point is to have capacity to accommodate the demand. Which is the economic model that nurtured Bitcoin until Blockstream threw out all the sane devs.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino

How many people in this thread run their own node? One? Two?

One!


Cool. I'm actually interested to know the answer to that question...

Was it LFC that was running a Lightning node for a while? I know somebody was...

Everyone who runs a node please raise your hand.

2 full nodes! Not a lightening node though. I think Boblawblaw runs one.
legendary
Activity: 938
Merit: 2540
<>
^
1 Full Node

My first thread in Bitcointalk / How Many Full Nodes Bitcoin Online ?

https://bitcointalksearch.org/topic/how-many-full-nodes-bitcoin-online-5080565



legendary
Activity: 3010
Merit: 8114

How many people in this thread run their own node? One? Two?

One!


Cool. I'm actually interested to know the answer to that question...

Was it LFC that was running a Lightning node for a while? I know somebody was...

Everyone who runs a node please raise your hand.
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23

How many people in this thread run their own node? One? Two?

One!

BTC +LN

This thread doesn't allow signatures, but if you could read mine you would find a guide (in italian,sorry) on how to run a full BTC+ LN node on a Raspberry Pi.
legendary
Activity: 1834
Merit: 4197
1h


D

#stronghands  #dyor  #btds

legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
^^^
I remember me being a bit rude towards him as well, and he always countered me very polite, I (already longer time) massively changed my behavior towards him cause as you say, on BTC everybody can have his own OPINION, I do hate Jbreher's thought but @the same time he does own BTC as well .... so can't be so bad, later on he will regret of not being completely in BTC alone...
But I do remember me acting wrong towards him, common Jbreher go FULL BTC  Cheesy  Cheesy

You know mic I tried being polite to him in turn but then sometimes he's just massively cockish for no good reason and my desire to be polite flies out the window.

Sometimes its just useless to try discuss BTC with him, I even don't follow it, but on other stuff not BTC-related then he can be right...
But still its the same with a NO-coiner or with an XRP-enthousiast as with a Bcash-fanatic and so on .... if the discussion is longer as one line of writing, then its to crazy to write a second line and to go on...  they just don't get tired of protecting there flawed projects/scammy coins and so on.
Like with r0ach exactly the same, but sometimes i just like to counter his crazy woman talks Cheesy
But jbreher is a hard-minded that just makes is own mind for himself, if that is what he wants, yeah then let him be the only WO-member to be fooled.
 
sr. member
Activity: 728
Merit: 317
Crypto Casino & Sportsbook
Bitcoin we love!


He did the right thing. It's very important to find the other half who understands you.
legendary
Activity: 3010
Merit: 8114
^^^
I remember me being a bit rude towards him as well, and he always countered me very polite, I (already longer time) massively changed my behavior towards him cause as you say, on BTC everybody can have his own OPINION, I do hate Jbreher's thought but @the same time he does own BTC as well .... so can't be so bad, later on he will regret of not being completely in BTC alone...
But I do remember me acting wrong towards him, common Jbreher go FULL BTC  Cheesy  Cheesy

You know mic I tried being polite to him in turn but then sometimes he's just massively cockish for no good reason and my desire to be polite flies out the window.
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
Serious @jbreher, I've never seen somebody be such a vicious asshole and so wrong at the same time. And that's saying a lot for this place.

His whole premise is nobody will use bitcoin because its too crowded. That's just plain fucking stupid.

No, my whole premise is that the number of people who will be able to use BTC is hard-capped by the block size. I've been absolutely clear about this for years now. And you're so blinded by dogma that you can't even read what I am actually typing.

The number of people who will be able to use BTC is hard-capped at a ludicrously low number. Those unable to get in will go elsewhere. If for no other reason, because they have no other choice.

No, jbreher, when this situation arises, and there is a real need for bigger blocks, Bitcoin will scale. But not earlier that that. And certainly not in a way similar to BCH/BSV and their lunatic supporters Wu, Ver and Wright... Roll Eyes
legendary
Activity: 3010
Merit: 8114

It is all driven by the block size, and dependent upon how many txs per day the average user makes. Any way you slice it, on chain tx capacity is limited by the block size. And inability to transact on chain also breaks LN - no opens, closes, or repudiation of stale channel state driven theft.

OK but that's never happened. Its always "what if" scenarios with you anti-bitcoiners.

Earlier you said "the number of people who will be able to use BTC is hard-capped at a ludicrously low number." This is false on all accounts. If you would have said "the number of transactions per day on chain is hard capped" then I would have been inclined to agree.

Daily tx capacity is highly variable upon the nature of that's day's txs, but it is well south of a million. So there's your hard cap.

I did the math and the tx per day is theoretically 604,800 at the very maximum. We're currently just shy of 400,000. Two key points you never address are:

1. Encouragement of Lightning adoption will help prevent bitcoin from coming close to this, and the technology continues to progress and improve with or without your permission.
2. The block size is limited for a specific reason: having a huge blockchain results in increasing centralization. How many people in this thread run their own node? One? Two? The blockchain is already too unwieldy for your average bitcoin enthusiast to run a full node. Making it even bigger will insure that an even smaller proportion of people will be able to run a node.

Of course BCH and SV don't have this problem, because their blocks remain tiny and unfilled. And that's because nobody uses them.
legendary
Activity: 1834
Merit: 4197

You have earned the right to do as you please as you are a pillar of the community sir....however, you might want to check with Rick before any bottom maneuvers are attempted with Bob..just saying.   Kiss
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
^^^
I remember me being a bit rude towards him as well, and he always countered me very polite, I (already longer time) massively changed my behavior towards him cause as you say, on BTC everybody can have his own OPINION, I do hate Jbreher's thought but @the same time he does own BTC as well .... so can't be so bad, later on he will regret of not being completely in BTC alone...
But I do remember me acting wrong towards him, common Jbreher go FULL BTC  Cheesy  Cheesy
legendary
Activity: 3808
Merit: 7912
^See?  A very analytical mind.
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
Serious @jbreher, I've never seen somebody be such a vicious asshole and so wrong at the same time. And that's saying a lot for this place.

His whole premise is nobody will use bitcoin because its too crowded. That's just plain fucking stupid.

No, my whole premise is that the number of people who will be able to use BTC is hard-capped by the block size. I've been absolutely clear about this for years now. And you're so blinded by dogma that you can't even read what I am actually typing.

The number of people who will be able to use BTC is hard-capped at a ludicrously low number. Those unable to get in will go elsewhere. If for no other reason, because they have no other choice.

What's the hard cap number you had in mind?

It is all driven by the block size, and dependent upon how many txs per day the average user makes. Any way you slice it, on chain tx capacity is limited by the block size. And inability to transact on chain also breaks LN - no opens, closes, or repudiation of stale channel state driven theft.

Daily tx capacity is highly variable upon the nature of that's day's txs, but it is well south of a million. So there's your hard cap.
legendary
Activity: 3808
Merit: 7912
Still unanswered: How LN is going to help when Layer 1 is already clogged to the point of uselessness.

We will cross that bridge when we get there.  

If this price pump continues, we could get there next week. Unfortunately, there is no solution on the horizon under discussion.

You are fucking ridiculous on this point, jbreher.  Dumbass BIG BLOCKERS have been acting chicken little on this topic since at least late 2015, and they have been wrong, wrong wrong.. except to the extent to which they have engaged in some spam attacks to attempt to make it look like their wrong chicken little speculations were coming true.

And, get the fuck out of here with your exaggeration that there is no plan in BTC.. because with segwit and other tweaks including lightning network, batching and some other technical mumbo jumbo stuff, BTC transactions are getting processed... and fees also will adjust to help to channel and incentivize transactions too...

so fuck off in your attempting to act like there is neither progress in bitcoin or that there is some kind of supposed emergency situation in bitcoin that justifies a block increase - which is still not necessary, even though you and your dumb BIG blocker buddies keep trying to present such nonsense solutions to increase the block size limits as if they were "obvious solutions," and they are not.. they are just stupid.. and counter to any necessary solution.. you want to break bitcoin like you and your buddies broke your impotent bcash(es) variants?

You claim to be a bitcoiner, but I have to question you with your stubborn continued persistence spouting out such repetitive nonsense that has been debunked over and over and over in the past 3.5 years.  There is no there there.. so focus your lil selfie.   Angry Angry Angry


Once the blocks are full, no additional people can open a LN channel. Nobody can close an LN channel. (Not without out-paying those txs already waiting to be built into a block).

you are speculating about something that has never happened.. Even in December 2017/January 2018 (when your bitmain buddies and Roger Ver had enough money to engage in their spam attack), transactions still went through, as long as higher fees were paid... so if the fees might go up during such clogging periods.   By the way, funny how bitmain is now broke.. ver might not be doing so well.. and maybe still hoping for calvin ayere to keep haning out with you other social pariahs.

Nobody can post evidence of stolen channel funds as a result of counterparty posting an earlier channel state. Nobody can get BTC into or out of exchanges. ...

Let's see how it plays out... sounds like you are making shit up, for the moment.. so let's see if it becomes a BIGGER issue that is does not get resolved... Lots of smart people working and submitting ideas in bitcoin core, so they are likely to continue figuring out a variety of things as they already have been with the passage of time.. And maybe you should be discussing these technical matters in another thread, anyhow?  you fuck with attempts at technical mumbo jumbo, here.

All y'all are hanging your hopes on a promise that has no chance to deliver its stated benefits.

You and your BIG BLOCKER nutjob buddies have already proven yourselves to be inclined towards exaggerations about supposed dire outcomes, and likely going to happen again... with exaggerated points like you are making here.

Sure, LN will have important use cases. But at the cost of crippling the base layer? Collective delusion.

Of course, LN will have important use cases.. at least you recognize that aspect.. and if you think that there some kind of crippling then get the fuck out of here.  Don't use lightning then nor build upon it, and go over to your shitcoin (I mean various bcashes) projects to whine about how horrible bitcoin is, while bitcoin is going to leave those bcashes crappies in the dust in terms of innovations, development, adoption and even ongoing price performance..

Jbreher should be joining his BCHABC - BTC-SV friends at r/btc. He can shit on Segwit/LN and Core dev. 24/7.

He will be loved over there  but here he's  just a moron.

 Jbreher has many good qualities.  I might not agree with his opinion on the direction Bitcoin should or should not take but I still love him.
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