But but... the shakes...
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12089. (Read 26634170 times)
December 21, 2018, 01:18:40 PM
No pumperino?
But but... the shakes...
But but... the shakes...
December 21, 2018, 01:16:44 PM
There are less than 150,000 addresses with more than 10 BTC.
I think there’s probably less than 15,000 people in the world that have more than 10 BTC.
I think there’s probably less than 15,000 people in the world that have more than 10 BTC.
15K sounds like a lower bound.
I would say that 30-50K is more likely (each having 3-5 wallets of at least 10BTC).
Probably not more than 5K individuals with more than 100 BTC and not more than 500-800 with more than 1000BTC
https://medium.com/@BambouClub/are-you-in-the-bitcoin-1-a-new-model-of-the-distribution-of-bitcoin-wealth-6adb0d4a6a95
I am actually struck by the fact that there are only about 5K or so with more than 100BTC (16K wallets, but each person most likely has a few, so 3 seems to be a reasonable denominator).
In comparison, there are about 150K individuals with fiat wealth above $50mil (UHNW).
Source: credit suisse global wealth report (2018)
You misinterpret the Medium article you cite. It predicted 7500 people with a minimum of 215btc and 25000 wih at least 89btc.
Thanks for the link, interesting, although I expect some serious reshuffling since sep 2017 to have occurred.
Yes, 215BTC/7500people and 89BTC/25000people are the numbers that he projects, which could be correct or not since distribution of addresses between owners is not 100% clear.
Above was just my guesstimate based only on account numbers.
In the end, the number of individuals with 100BTC (5k) that I guesstimated is not that different from the authors' (less than 17.5 K, but more than 7K).
Perhaps the authors' numbers are more precise (depending on whether his guess on account vs individual proportion is correct).
The main point of my comment still stands: there are much less (by at least an order) 100BTC owners vs $50mil (UHNW fiat wealth) owners.
December 21, 2018, 01:15:56 PM
You must be straight retarded if you are thinking that gold or silver coins will be used as a currency in the future.
It is not even worth explaining why it is impossible. My head just hurts while reading that dipshit's post. I wonder Why are people still quoting roach the retard?
Unless we invent the time machine and go back to 1800's or before, gold aint coming back. You can try to go back to 1800's by killing more than half of the earth population and the internet technology, banking system etc and only then people may use gold as a currency.
It is not even worth explaining why it is impossible. My head just hurts while reading that dipshit's post. I wonder Why are people still quoting roach the retard?
Unless we invent the time machine and go back to 1800's or before, gold aint coming back. You can try to go back to 1800's by killing more than half of the earth population and the internet technology, banking system etc and only then people may use gold as a currency.
Gold doesn't make you wealthy, it keeps you wealthy. Do you understand that?
Except I am not talking about wealth at all. I am talking about gold being a currency. Do you understand that?
I hold gold. I like it as a store of wealth and I also know we won't be using gold as a currency, why? Because you can't send the damn thing to somebody who lives in a different country (or city). Can you? Yeah FEDEX will work just fine.
Side note: Nowadays, even gold's store of value feature is in question. You'll never know when will somebody come up with a great tech to extract gold from the sea water or mine gold on other planets.
Gold and seashells has a lot in common. The difference is you can pick seashells up without any effort while you need to work a lot harder to get tiny amounts of gold. Eventually somebody is going to find a way to get it much easier and gonna scam everybody.
December 21, 2018, 01:15:10 PM
Whats the best source to learn about the lightning network?
Preferably one that is not too technical..plz
Preferably one that is not too technical..plz
http://lightning.network/how-it-works/
https://medium.com/@stadicus/noobs-guide-to-%EF%B8%8F-lightning%EF%B8%8F-on-a-raspberry-pi-f0ab7525586e
https://bitcointalk.org/index.php?topic=4638321.280
And if you want to take it a step further:
https://github.com/rootzoll/raspiblitz
December 21, 2018, 01:14:30 PM
Whats the best source to learn about the lightning network?
Preferably one that is not too technical..plz
Preferably one that is not too technical..plz
https://cryptopotato.com/what-is-lightning-network-beginners-guide/
December 21, 2018, 01:03:08 PM
Whats the best source to learn about the lightning network?
Preferably one that is not too technical..plz
Preferably one that is not too technical..plz
December 21, 2018, 12:53:23 PM
December 21, 2018, 12:39:56 PM
Yesterday, Bitcoin had its biggest daily trade volume in its history
https://bitcoinist.com/reversal-bitcoin-biggest-volume-history/
https://twitter.com/CryptoQF/status/1075970010168778753/photo/1
https://bitcoinist.com/reversal-bitcoin-biggest-volume-history/
https://twitter.com/CryptoQF/status/1075970010168778753/photo/1
December 21, 2018, 12:38:55 PM
Just a little perspective for this year in 'other markets':
https://twitter.com/fiquant/status/1076118064079536128
'GLOBAL STOCK MARKET CAP LOSS SINCE JANUARY IS $16.7 TRILLION'
But what's a few trillion these days, eh?
https://twitter.com/fiquant/status/1076118064079536128
'GLOBAL STOCK MARKET CAP LOSS SINCE JANUARY IS $16.7 TRILLION'
But what's a few trillion these days, eh?
December 21, 2018, 12:36:15 PM
You must be straight retarded if you are thinking that gold or silver coins will be used as a currency in the future.
It is not even worth explaining why it is impossible. My head just hurts while reading that dipshit's post. I wonder Why are people still quoting roach the retard?
Unless we invent the time machine and go back to 1800's or before, gold aint coming back. You can try to go back to 1800's by killing more than half of the earth population and the internet technology, banking system etc and only then people may use gold as a currency.
It is not even worth explaining why it is impossible. My head just hurts while reading that dipshit's post. I wonder Why are people still quoting roach the retard?
Unless we invent the time machine and go back to 1800's or before, gold aint coming back. You can try to go back to 1800's by killing more than half of the earth population and the internet technology, banking system etc and only then people may use gold as a currency.
Gold doesn't make you wealthy, it keeps you wealthy. Do you understand that?
December 21, 2018, 12:17:46 PM
You must be straight retarded if you are thinking that gold or silver coins will be used as a currency in the future.
It is not even worth explaining why it is impossible. My head just hurts while reading that dipshit's post. I wonder Why are people still quoting roach the retard?
Unless we invent the time machine and go back to 1800's or before, gold aint coming back. You can try to go back to 1800's by killing more than half of the earth population and the internet technology, banking system etc and only then people may use gold as a currency.
It is not even worth explaining why it is impossible. My head just hurts while reading that dipshit's post. I wonder Why are people still quoting roach the retard?
Unless we invent the time machine and go back to 1800's or before, gold aint coming back. You can try to go back to 1800's by killing more than half of the earth population and the internet technology, banking system etc and only then people may use gold as a currency.
December 21, 2018, 12:11:13 PM
[...] super rare event that I use cash at all.
It is unfortunate how little financial privacy is valued these days, which is (currently) Bitcoin's Achilles heel as well. Very much encourage any privacy improvements in layer two solutions and side chains.
December 21, 2018, 11:54:14 AM
Answer me HONESTLY this simple question:
What has more probabilities of a 10x in the next following years Bitcoin or silver?
What has more probabilities of a 10x in the next following years Bitcoin or silver?
I've already stated that I'm worried if there will be any type of economy left to spend metals in when the Jewish, usury debt bubble implodes. There might just be martial law or global Venezeula. Bitcoin will definitely be completely useless. Odds of some sort of a cyclical dark age are pretty damn high. Civilization is overly-complex, overly-specialized, and lacking redundancy on a local level.
When an overly-complex system collapses, it does NOT magically shift into an even more complex one like craptocurrency. There will either be a hard landing and a dark ages, a hard landing and back to metals as money, or the typical Jim Rickards and others style claim that the system will go bust, they immediately initiate a new Bretton Woods, and right then the price of gold instantly goes from what it currently is to $10-80k with silver also at some astronomical number and life goes on.
I do not see any circumstance in which the system goes bust and bitcoin is in any way usable or has any type of value. Metals are the Schelling point of money and what receive all the wealth transfer from, not shitcoins. There are also massive govts equipped with nuclear weapons like Russia and China who have already cast their vote and it's metals as well. The only people attempting to push digital shitcoins are the Jewish occupied, western govts (who are being defeated left and right) with evil kikes like Larry Summers telling people to buy them (for their own good of course and definitely not some ulterior motive).
December 21, 2018, 11:34:19 AM
Good morning Bitcoinland.
Seems we've been having a nice little day of consolidation after this week's pretty decent price rise... currently $4030USD/$5462CAD (Bitcoinaverage).
Let's hope the bear is exhausted and we're ready to get back to the usual slow growth with occasional small corrections. Upward and downward bubbles are exciting and offer opportunities for traders/gamblers but investors/holders know that slow and steady wins the game.
As long as the bottoms and tops keep getting exponentially higher (at least until the s-curve goes "vertical"), we'll continue to keep making money.
Go Bitcoin go.
Seems we've been having a nice little day of consolidation after this week's pretty decent price rise... currently $4030USD/$5462CAD (Bitcoinaverage).
Let's hope the bear is exhausted and we're ready to get back to the usual slow growth with occasional small corrections. Upward and downward bubbles are exciting and offer opportunities for traders/gamblers but investors/holders know that slow and steady wins the game.
As long as the bottoms and tops keep getting exponentially higher (at least until the s-curve goes "vertical"), we'll continue to keep making money.
Go Bitcoin go.
December 21, 2018, 11:29:33 AM
Look who's back? Gembitz! WEEEEEEEEEEE
December 21, 2018, 11:20:14 AM
Hi fellas,
what's up?
Hard times for us recently but I hope you are all set for the crypto winter that's on us.
Speaking of LN I'd say that so long as we don't get that available for average Joes we are not going to see fireworks.
So relax and wait while the geeks test the LN for everybody else.
Remember we had that with Bitcoin, already.
A few of us started the network for everybody else. With LN it will be the same.
Price will follow
what's up?
Hard times for us recently but I hope you are all set for the crypto winter that's on us.
Speaking of LN I'd say that so long as we don't get that available for average Joes we are not going to see fireworks.
So relax and wait while the geeks test the LN for everybody else.
Remember we had that with Bitcoin, already.
A few of us started the network for everybody else. With LN it will be the same.
Price will follow
December 21, 2018, 11:16:53 AM
On the other hand, if a few big companies, like Starbucks, Facebook, WalMart, Google etc. set up big hubs that everybody connects to with substantial sums, then you can transact large amounts with millions of other LN users. Is that the kind of Lightning Network we want to see? So it's a choice.
1) Be able to transact large amounts with just about anybody on a highly centralized network than can censor your transactions and spy on you.
2) Have a highly distributed and decentralized network with limited transaction amounts.
1) Be able to transact large amounts with just about anybody on a highly centralized network than can censor your transactions and spy on you.
2) Have a highly distributed and decentralized network with limited transaction amounts.
I think one use case doesn't prevent the other from happening, as long as there is good global diffusion and connectivity.
December 21, 2018, 11:08:50 AM
Meh.
"The average channel capacity is approximately $120."
https://medium.com/@jcliff/the-lightning-network-cf836329626b
Yes average not all . Don’t see the point your trying to make?
"The average channel capacity is approximately $120."
https://medium.com/@jcliff/the-lightning-network-cf836329626b
Just because there are channels with $1000 in them, doesn't mean you can transact that much. The transaction is limited by the contents of the smallest channel in the series of hops it has to go through between the parties who make that transaction.
Ideally, the network will be a mesh without big companies controlling massive hubs. Which means that many transactions, perhaps most, will require several hops (cue six degrees of Kevin Bacon theme). It seems likely to me that in such a case, the smallest channel may have less than the average $120. Some channels will have more, some will have less. The big ones don't count; it's the smallest one that determines the size of the transaction you can make.
On the other hand, if a few big companies, like Starbucks, Facebook, WalMart, Google etc. set up big hubs that everybody connects to with substantial sums, then you can transact large amounts with millions of other LN users. Is that the kind of Lightning Network we want to see? So it's a choice.
1) Be able to transact large amounts with just about anybody on a highly centralized network than can censor your transactions and spy on you.
2) Have a highly distributed and decentralized network with limited transaction amounts.
December 21, 2018, 11:06:25 AM
I never know which one its gonna be 
More than likely both December 21, 2018, 11:05:32 AM
$120 is more than enough for a network specially disigned for micropayments.
Main chain will be great for medium to large transactions.
Lightning is for low, micro to sub-Satoshi payments.
I've already seen this a couple of times, how can you go sub-satoshi?
Jump to: