https://g.co/kgs/FxnK85
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15862. (Read 26691791 times)
November 16, 2017, 03:20:32 PM
November 16, 2017, 03:11:32 PM
Saw this in a 4chan /pol/ thread.
https://boards.4chan.org/pol/thread/149690394
http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL
https://boards.4chan.org/pol/thread/149690394
http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL
whatever works.
This is a perfect example of how to play the market.
Every market is manipulated by someone somehow - human greed
Find out how they do it
Play the scam
Has been working this way for centuries with stock, gold, real estate etc etc etc
Do you really think bitcoin is the real thing - Yes for the current economic climate, but for apocalyptic scenarios NO!
The big scam is, simply put, bitcoin is the answer for the current time - play the scam
November 16, 2017, 03:10:45 PM
Is the 2x hardfork called off? I'm hearing they will fork today as planned?
November 16, 2017, 03:08:37 PM
Where are the BCH boyz ? They seem quiet lately
<
Hey guys, maybe someone can make me understand
Do you think we will be able to use BTC in a couple of years to buy for example coffee?
The real question is, the minimum fee we can pay is 1 sat, there is nothing less than 1 sat, right? but if in the next years 1 sat = $2/3, the fee will be as expensive as the thing you wanna buy (coffee). I don't like this BTC = Gold/store of value, I want to use BTC for my everyday expenses.
Do you think we will be able to use BTC in a couple of years to buy for example coffee?
The real question is, the minimum fee we can pay is 1 sat, there is nothing less than 1 sat, right? but if in the next years 1 sat = $2/3, the fee will be as expensive as the thing you wanna buy (coffee). I don't like this BTC = Gold/store of value, I want to use BTC for my everyday expenses.
If lightning ever works as claimed, then probably. If not, you might want to look into Bitcoin Cash. At this moment, fees on Bitcoin Cash are 2350 times (!) less than those on Bitcoin Segwit (cashvscore.com). Less than a half-cent per average transaction.
Find me even 10 coffee shops on the planet that accept bitcoin and then we can start talking.
They used to be around. Then fees rose. And people stopped using Bitcoin for day-to-day purchases. Shame, that.
https://www.reddit.com/r/CryptoCurrency/comments/7dd43h/bch_has_a_problem_clashic_is_alive_replays/
bcash might have a little problem.
bcash might have a little problem.
Precisely. A little problem. Will it be ongoing? Magic 8 Ball says 'ask again'.
https://www.cnbc.com/2017/11/15/thomas-peterffy-keep-bitcoin-away-from-the-real-economy.html
The chairman of Interactive Brokers is saying that futures trading of Bitcoin through CME could be the cause of the next financial collapse. He took out a full page ad in the Wall Street Journal to warn about it.
The chairman of Interactive Brokers is saying that futures trading of Bitcoin through CME could be the cause of the next financial collapse. He took out a full page ad in the Wall Street Journal to warn about it.
Though to be clear, his worry is not in regards to Bitcoin trading, nor trading of Bitcoin derivatives. He took great care to drive home the point that he thinks those are fine, and that he is even enthused about them. His worry is specifically that a single trading house might carry both those products, as well as more traditional derivatives, within the same business unit. For technical reasons that I am not sure I understand, he thinks that short positions might get in a state where they cannot buy to close their short (i.e. for a loss), and that this will spillover into the tradtional trading side, causing insolvency of the brokerage.
Why would lightning layer not be for the average Joe? It could be literally without fees if he and Starbucks agree there should be no fees.
No. It absolutely could not. The channel must be funded. This requires at least one on-chain transaction.
There is no way the bitcoin network could ever scale (even with LN) to accommodate every person on the planet
Got any analysis to go with that bald assertion?
November 16, 2017, 03:01:39 PM
Saw this in a 4chan /pol/ thread.
https://boards.4chan.org/pol/thread/149690394
http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL
https://boards.4chan.org/pol/thread/149690394
http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL
whatever works.
November 16, 2017, 02:48:19 PM
https://www.coindesk.com/survey-plurality-of-bitcoin-users-think-it-can-change-world/
looks like people won't sell bitcoin any time soon
looks like people won't sell bitcoin any time soon
November 16, 2017, 02:39:59 PM
November 16, 2017, 02:33:10 PM
Why would lightning layer not be for the average Joe? It could be literally without fees if he and Starbucks agree there should be no fees. What would be the incentive for any of sides, he and Starbucks, not to do it?
It is certainly possible and might even happen for a while but you don't need the worlds most secure network to secure coffee funds. Opening a lightning channel could still cost Starbucks or the customer $10-$100 in fees to open or close on the bitcoin network. More likely Starbucks would open a channel with your bank and it's suppliers and close the channel each day, week, month to settle the account.
I disagree. As far as i understood the Lightning protocol, although it's not easy and maybe I'm mistaken, if millions of customers open long lasting channel with Sturbucks there is no need to close all of them to bring funds back to fiat. Lighning channels can transfer the funds between each another, and in the end of the day Starbacks can transfer the funds from all daily transactions to "closing" channel (to call it that way) and confirm all of them from arbitrarily large number of customers with paying one single transaction fee for closing the "closing" channel. I believe they would gladly pay one opening/closing fee for each day, regarding the potential number of transactions.
I don't think opening a channel with Starbucks and every other company you deal with is going to be the most efficient use of LN. If the average Joe does use LN, he will open channels with a bank or service provider like Coinbase. That provider will have open channels with major companies like Starbucks and your employer so that there are payments being made in both directions. The companies are paying out to some people and being paid in by others but only the net difference is recorded to the blockchain periodically. However, most people will just leave their coins with the bank/provider to handle the details so I still don't think the average Joe will use LN. The average person reading this thread might though.
you guys just don´t get it: by the time core´s bitcoin plans come into fruition when an average bitcoiner goes to a Starbucks and wants a coffee, the staff will always serve him/her first and bow to him/her, because they know that this bitcoiner may use his bitcoin und just fuckin buy the whole Starbuck place.
November 16, 2017, 02:28:10 PM
That fella would still be writing stuff like that if Gandhi was personally issuing each and every dollar with a handwritten note of authenticity and a wink.
Despite that I think it's still possible. The truly powerful bull run beyond $1000-1200 dovetailed precisely with their loss of banking and I don't think it's unrelated. BFX is still the exchange every other one looks to.
Their past track record is gross in terms of opaqueness and it hasn't let up one bit. We can either hope that they're swept up in general mania and become irrelevant or their magical audit finally arrives and puts all of this to bed.
November 16, 2017, 02:26:12 PM
Why would lightning layer not be for the average Joe? It could be literally without fees if he and Starbucks agree there should be no fees. What would be the incentive for any of sides, he and Starbucks, not to do it?
It is certainly possible and might even happen for a while but you don't need the worlds most secure network to secure coffee funds. Opening a lightning channel could still cost Starbucks or the customer $10-$100 in fees to open or close on the bitcoin network. More likely Starbucks would open a channel with your bank and it's suppliers and close the channel each day, week, month to settle the account.
I disagree. As far as i understood the Lightning protocol, although it's not easy and maybe I'm mistaken, if millions of customers open long lasting channel with Sturbucks there is no need to close all of them to bring funds back to fiat. Lighning channels can transfer the funds between each another, and in the end of the day Starbacks can transfer the funds from all daily transactions to "closing" channel (to call it that way) and confirm all of them from arbitrarily large number of customers with paying one single transaction fee for closing the "closing" channel. I believe they would gladly pay one opening/closing fee for each day, regarding the potential number of transactions.
I don't think opening a channel with Starbucks and every other company you deal with is going to be the most efficient use of LN. If the average Joe does use LN, he will open channels with a bank or service provider like Coinbase. That provider will have open channels with major companies like Starbucks and your employer so that there are payments being made in both directions. The companies are paying out to some people and being paid in by others but only the net difference is recorded to the blockchain periodically. However, most people will just leave their coins with the bank/provider to handle the details so I still don't think the average Joe will use LN. The average person reading this thread might though.
November 16, 2017, 02:24:04 PM
Bitfinex is not my best exchange, actually I've never used it. I guess if that's true that ain't be good. But we hodlers know that not to rely on any third parties (unless necessary) is the most important rule.
November 16, 2017, 02:23:36 PM
Guys, don't you feel great right now?
Carolina, come to me!
Carolina, come to me!
November 16, 2017, 02:22:54 PM
time to do a silly happy dance
go bitcoin go
go bitcoin go
November 16, 2017, 02:22:04 PM
Whats with this Carolina joke. i don't get it 
CCMF used to be Choo Choo Mother Fucker.
Now it's this - https://carolinacountrymusicfest.com/shop/
Took me a while too.
I thought, it´s : "Closed Case MotherFuckers", But what do i know.
You know the game, where one whispers something into the ear of somebody, and out comes something completely different in the end ?
November 16, 2017, 02:16:02 PM
Im sitting in a business meeting and trying hard not to touch myself......
November 16, 2017, 02:11:33 PM
Whats with this Carolina joke. i don't get it
CCMF used to be Choo Choo Mother Fucker.
Now it's this - https://carolinacountrymusicfest.com/shop/
Took me a while too.
maybe because i'm european 
November 16, 2017, 02:02:08 PM
carolina confirmed
November 16, 2017, 02:01:58 PM
Whats with this Carolina joke. i don't get it
CCMF used to be Choo Choo Mother Fucker.
Now it's this - https://carolinacountrymusicfest.com/shop/
Took me a while too.
November 16, 2017, 01:59:48 PM
ATH incoming.
CCMF
Go Carolina
Whats with this Carolina joke. i don't get it CCMF
Go Carolina
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