2 steps up 1.99 3 steps down
welcome to bitcoin!
welcome to bitcoin!
Fixed
i guess its time for 2 steps up again
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18858. (Read 26708765 times)
May 16, 2016, 03:35:37 PM
Fixed
i guess its time for 2 steps up again
May 16, 2016, 03:35:09 PM
thunder isn't useful for buying 1 cup of coffee
its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee
send 100 payments for each cup of coffee
Close Channel for standard bitcoin fee
cool huh?
its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee
send 100 payments for each cup of coffee
Close Channel for standard bitcoin fee
cool huh?
I don't get why people are worked up about this, or why this Lightning is taking such a long time to develop.
Here's a way to solve the coffee problem that's both simpler, more secure, and more elegant than Thunder Cats:
1. Walk into Starbucks.
2. Buy a gift card for 100 cups of coffee, with BTC or USD.
3. Use gift card each time you need to buy stuff from Starbucks. Functionally identical to Lightning/thunder,
4. Profit!
but for things like coinbase accounts sending 1000's of payments to bitpay... lighting and or thunder is a big deal.
I'm o.k. with sticking with starbucks as an example. We are not talking about 1 user buying several cups of coffee, but instead possibly 100 users or 1,000 users buying coffee through the day or the week or whatever period of time that the vender chooses before finally resolving with the blockchain .. and then at the end of the day, week or month, all of the transactions are resolved that are within that channel for $.10 or whatever is the applicable fee for the whole bundle of transactions.
Each one of the "1,000 users buying coffee through the day" will have to
So not sure what you're trying to say.
Yep... so I will concede that maybe Starbucks is not the greatest in the world example for how this may be deployed and what kinds of advantages will come through it.
Many of us already realize that bitcoin provides a lot of utility in many different ways, so frequently it is not detrimental to bitcoin merely because at this time it does not provide all of the same benefits of some other technology, such as a gift card. As a user, we have a choice regarding which one to use for which purpose, and to decide the extent to which either or the possible avenues will benefit us, and to what extent.
Currently, none of us are going out and buying into Thunder because it remains somewhat theoretical, as compared to your example of a gift card that I can go out and buy right now, if I were to chose to do so.
May 16, 2016, 03:34:24 PM
Any reason for this dump?
I felt pretty confident we would keep moving up
I felt pretty confident we would keep moving up
May 16, 2016, 03:28:49 PM
seeing a downtick - GBTC telegraphing a move down
We have not seen the whole price movement play out yet; however, it is a bit strange to see GBTC depreciate 10% during the same period that BTC depreciates less than 1%... whether that is a telegraph or not, it remains interesting to see how these various BTC related "markets" play out during volatility periods.
May 16, 2016, 03:27:34 PM
Volume is getting smaller and smaller. Everybody is holding his coins it seems.
May 16, 2016, 03:26:02 PM
thunder isn't useful for buying 1 cup of coffee
its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee
send 100 payments for each cup of coffee
Close Channel for standard bitcoin fee
cool huh?
its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee
send 100 payments for each cup of coffee
Close Channel for standard bitcoin fee
cool huh?
I don't get why people are worked up about this, or why this Lightning is taking such a long time to develop.
Here's a way to solve the coffee problem that's both simpler, more secure, and more elegant than Thunder Cats:
1. Walk into Starbucks.
2. Buy a gift card for 100 cups of coffee, with BTC or USD.
3. Use gift card each time you need to buy stuff from Starbucks. Functionally identical to Lightning/thunder,
4. Profit!
but for things like coinbase accounts sending 1000's of payments to bitpay... lighting and or thunder is a big deal.
i know for sure you can open a channel make 1000's of payments and then close it.
but AFAIK a channel is open between 2 poeple and only 2 poeple.
IDK...
its very unclear how LN will play out,
and thats why i dont like it.
o.k.... that's fair enough that channels are only open through 2 people (I guess bitcoin addresses).. so application of such, would not be nearly as pie in the sky as I am speculating towards...
May 16, 2016, 03:13:26 PM
May 16, 2016, 03:06:13 PM
Bitcoin Block Reward Halving Countdown:
Only 55 more days!
Only 55 more days!
May 16, 2016, 02:50:57 PM
I'm getting an itch to buy some coins 
Last chance to by over 450. Buy now and cry later.
May 16, 2016, 02:48:39 PM
I'm getting an itch to buy some coins
May 16, 2016, 02:48:16 PM
thunder isn't useful for buying 1 cup of coffee
its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee
send 100 payments for each cup of coffee
Close Channel for standard bitcoin fee
cool huh?
its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee
send 100 payments for each cup of coffee
Close Channel for standard bitcoin fee
cool huh?
I don't get why people are worked up about this, or why this Lightning is taking such a long time to develop.
Here's a way to solve the coffee problem that's both simpler, more secure, and more elegant than Thunder Cats:
1. Walk into Starbucks.
2. Buy a gift card for 100 cups of coffee, with BTC or USD.
3. Use gift card each time you need to buy stuff from Starbucks. Functionally identical to Lightning/thunder,
4. Profit!
but for things like coinbase accounts sending 1000's of payments to bitpay... lighting and or thunder is a big deal.
I'm o.k. with sticking with starbucks as an example. We are not talking about 1 user buying several cups of coffee, but instead possibly 100 users or 1,000 users buying coffee through the day or the week or whatever period of time that the vender chooses before finally resolving with the blockchain .. and then at the end of the day, week or month, all of the transactions are resolved that are within that channel for $.10 or whatever is the applicable fee for the whole bundle of transactions.
Each one of the "1,000 users buying coffee through the day" will have to
So not sure what you're trying to say.
May 16, 2016, 02:46:26 PM
seeing a downtick - GBTC telegraphing a move down
May 16, 2016, 02:40:52 PM
thunder isn't useful for buying 1 cup of coffee
its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee
send 100 payments for each cup of coffee
Close Channel for standard bitcoin fee
cool huh?
its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee
send 100 payments for each cup of coffee
Close Channel for standard bitcoin fee
cool huh?
I don't get why people are worked up about this, or why this Lightning is taking such a long time to develop.
Here's a way to solve the coffee problem that's both simpler, more secure, and more elegant than Thunder Cats:
1. Walk into Starbucks.
2. Buy a gift card for 100 cups of coffee, with BTC or USD.
3. Use gift card each time you need to buy stuff from Starbucks. Functionally identical to Lightning/thunder,
4. Profit!
but for things like coinbase accounts sending 1000's of payments to bitpay... lighting and or thunder is a big deal.
i know for sure you can open a channel make 1000's of payments and then close it.
but AFAIK a channel is open between 2 poeple and only 2 poeple.
IDK...
its very unclear how LN will play out,
and thats why i dont like it.
May 16, 2016, 02:31:19 PM
thunder isn't useful for buying 1 cup of coffee
its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee
send 100 payments for each cup of coffee
Close Channel for standard bitcoin fee
cool huh?
its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee
send 100 payments for each cup of coffee
Close Channel for standard bitcoin fee
cool huh?
I don't get why people are worked up about this, or why this Lightning is taking such a long time to develop.
Here's a way to solve the coffee problem that's both simpler, more secure, and more elegant than Thunder Cats:
1. Walk into Starbucks.
2. Buy a gift card for 100 cups of coffee, with BTC or USD.
3. Use gift card each time you need to buy stuff from Starbucks. Functionally identical to Lightning/thunder,
4. Profit!
but for things like coinbase accounts sending 1000's of payments to bitpay... lighting and or thunder is a big deal.
I'm o.k. with sticking with starbucks as an example. We are not talking about 1 user buying several cups of coffee, but instead possibly 100 users or 1,000 users buying coffee through the day or the week or whatever period of time that the vender chooses before finally resolving with the blockchain .. and then at the end of the day, week or month, all of the transactions are resolved that are within that channel for $.10 or whatever is the applicable fee for the whole bundle of transactions.
May 16, 2016, 02:27:56 PM
Very very exciting news! It seems there will be many different Lightning Networks
I'm still not sure i like second layers scaling, but at least there's a good chance this health competition results in a strong second layer.
Will thunder go from alpha to beta, then to release faster than it takes lightning to go to release? The one with the first mover advantage will probably win the competition. All the publicity I read was about lightning, and now it seems thunder might beat lightning to market.
May 16, 2016, 02:15:28 PM
Very very exciting news! It seems there will be many different Lightning Networks
I'm still not sure i like second layers scaling, but at least there's a good chance this health competition results in a strong second layer.
May 16, 2016, 02:09:47 PM
thunder isn't useful for buying 1 cup of coffee
its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee
send 100 payments for each cup of coffee
Close Channel for standard bitcoin fee
cool huh?
its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee
send 100 payments for each cup of coffee
Close Channel for standard bitcoin fee
cool huh?
I don't get why people are worked up about this, or why this Lightning is taking such a long time to develop.
Here's a way to solve the coffee problem that's both simpler, more secure, and more elegant than Thunder Cats:
1. Walk into Starbucks.
2. Buy a gift card for 100 cups of coffee, with BTC or USD.
3. Use gift card each time you need to buy stuff from Starbucks. Functionally identical to Lightning/thunder,
4. Profit!
but for things like coinbase accounts sending 1000's of payments to bitpay... lighting and or thunder is a big deal.
May 16, 2016, 01:53:44 PM
thunder isn't useful for buying 1 cup of coffee
its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee
send 100 payments for each cup of coffee
Close Channel for standard bitcoin fee
cool huh?
its useful for buying 100 speate cups of coffees instantly.
Open Channel for standard bitcoin fee
send 100 payments for each cup of coffee
Close Channel for standard bitcoin fee
cool huh?
I don't get why people are worked up about this, or why this Lightning is taking such a long time to develop.
Here's a way to solve the coffee problem that's both simpler, more secure, and more elegant than Thunder Cats:
1. Walk into Starbucks.
2. Buy a gift card for 100 cups of coffee, with BTC or USD.
3. Use gift card each time you need to buy stuff from Starbucks. Functionally identical to Lightning/thunder,
4. Profit!
May 16, 2016, 01:30:02 PM
Very very exciting news! It seems there will be many different Lightning Networks
May 16, 2016, 01:12:14 PM
Preliminary testing on the thunder network
Releves promising results
Releves promising results
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