Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13404. (Read 26723325 times)

https://uk.businessinsider.com/what-many-people-get-wrong-about-bitcoin-2018-7
good article and video

I don’t consider a one-off pilot transaction for a nominal amount as major.  Let’s see if we get some adoption. 

Exactly. The longer we go with Bitcoin as the dominant currency over Bcash the harder it will be for there to ever be a "flippening". Imagine 2 years down the road people saying..."ok, to use 'the real Bitcoin' you need to sell your Bitcoin Core coins and buy bcash, and change your wallets, and give up all of the second layer resources you've been using like LN, Schnorr, RootStock, etc."

It's all moot though. Bcash has fallen to .1 BCH/BTC and falling.

At it's highest price Bitcoin Gold was .06 BTG/BTC. Can we all agree to talk as much about BCH as we did about BTG when the price is down to .06 BCH/BTC?

https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
wtf etf?
https://twitter.com/CNBC/status/1022586017734426624


edit: https://www.sec.gov/rules/other/2018/34-83723.pdf

https://twitter.com/PeterLBrandt/status/1022574038214795264
This is it - and this is MAJOR.

Damn straight.
I maybe smarter than the average bear but probably not cleverer. (or maybe the other way round, idk actually)
I always lose* my damn car keys...

 (*and btw that's lose, not loose ...like I said ...smart...)

Jbear

Blocksize is a security parameter.

I know this.

You know this.

Let’s move on.

Non-trivial piece of news.

Some might even classify as a BFD.

Institutional Investors Swap Bitcoin Futures for Physical BTC in Wall Street First

Your analogy is shit. As in actual shit this time. Try harder.

@infofront

great advice, I have moved the crap to another thread  

I have renewed passion in the market and look forward to robust discussions on the bitcoin wall and price.

And on that, looking very healthy indeed. A lot of infrastructure being implemented that says there is only one way for bitcoin, forward.

cheers again for the tips

https://www.tradingview.com/chart/BTCUSD/bPiqtdyu-Bitcoin-to-710-looks-possible/
looking for double bubble? past predicts future? press the arrow lol.
@flibbr

Here is a good, brief overview of IPv6 vs IPv4.

People say things like this for gold or silver or any commodity (lithium? whatever) but the main problem is the price moves like that because of its measurement in Euros or dollars often.   Gold will goto $10,000 per troy ounce but I've no idea how much it will buy at that point it may even be less then now though imo Im bullish on a variety of alternatives to political currency.

   ECB has run out of bonds to buy for their Quantitative easing program, thats a horrifying extreme they have reached in monetary policy where they control entire markets as the sole determiner of value and price.   Its nothing close to capitalism then and we cant really rely on accurate pricing via Euro or Dollar long term.    It'd better to go on living costs, like the BigMac index if you ever heard of that one for the pricing globally of a standard burger and how that varies and every country has its variation with USA seeing the cheapest cost I think.   Over time I imagine the world changes to some other bias though USA does have growth, where as parts of Europe and Japan have negative demographics, falling working population and China has this problem also after halting their family sizes to 1 child for almost 40 years which certainly strains natural growth.



Bitcoin pricing remains bullish, within a channel upwards.   Target is roughly 8400 but as every low and pullback is higher priced then the last its not seemingly negative at all right now

Yes, there was something in the encryption (I'm still not certain that the encryption was broken or it worked so well that the NSA didn't want people to use it). I recall in the late 90s getting a memo sent out to all government agencies warning us not to use IPv6, stating that the NSA found some vulnerabilities. Perhaps they found that they can't spy on each transmission.

But the key being the analogy of more IP addresses. A 1 or 2 minute explanation promoting IPv6 and bcash can easily convince many people that it is superior.

"We're running out of IP addresses/transactions per second. When we run out, IPv4/Bitcoin won't work anymore. This new protocol will fix that problem. Adopt it if you want to keep using the Internet/Bitcoin."

The fact that the supposed solution is broken does not make the sales pitch.

Don't confuse 'smarter' with 'cleverer'. The users care about the user experience, not the grandiosity of the underlying complexity.

Stupid analogy is stupid.

If you want a transportation analogy, a closer analog would be passenger demand for a certain train route exceeding capacity solved by adding more passenger cars to the train.

Still a stupid analogy, but an order of magnitude closer to the situation at hand.

At least there is that. Thank you.


Reevaluation is constant and ongoing. I’m quite happy with my current position. I am hedged to survive an implosion of either BCH or BTC.

I might posit that it is (the collective) you who might be getting a bit ahead of yourself. Lightning Network currently consists of somewhere on the order of 2050 participants, with a total value merely sufficient to purchase a single pretty nice house in most markets - in the aggregate. This is nowhere near the scale necessary to support the promised conveyance of all the world’s financial transactions. Nay, this is merely the scale of an early prototype proof of concept.

And what about that permissionless, anonymous, trustless, decentralized routing issue?

“The probability of a successful payment operation with no more than a few dollars is 70 percent, while the success rate for a payment of less than $200 is 1 percent.” (disclosure: quote is a month old - maybe things have improved since then?)

Fact of the matter, a working LN — as per the shared vision — relies upon fundamental invention in networking theory that isn’t even currently on the horizon. Further, I see no evidence that anybody is investigating things in any direction that might lead us to such a unicorn.

Meanwhile, we have the Core faithful expounding as GWB on the deck of some aircraft carrier, crowing ‘Mission Accomplished’.

We Just Ain’t There Yet.

Sure, some of these issues — leadingly aggregate volume and transactional capacity — will work themselves out with time, toil, and treasure. But the routing may never be solved.

So, no. Shoulda done the simple block size increase first.

Oh well, at least I have beeee cash. What's in your wallet?

You're close to 500, thats why. And fellows stick together. But less Telegraaf for now, please 

Bbut... but Anon, it's like when you want a car engine to 'scale' to higher horsepower and speed, the most straightforward way is to simply add more cylinders!  V32 engines for everyone so we can get places faster, amiright?  /s