Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19561.

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: Richy_T on January 20, 2016, 12:24:32 AM

Quote from: JayJuanGee on January 20, 2016, 12:15:55 AM

Even though I am not really sure about the total impact of all of these numbers, except maybe getting a sense of longer confirmation times, I think that I agree with you that hourly averaging may be a better depiction of block fullness as compared with block averaging of fullness over 24 hours, if that happens to be the case with the blockchain.info charts?

Which chart are you looking at? I don't see one which relates directly but I may be looking in the wrong place

(apology from earlier accepted BTW)

Edit: NVM, found it. That looks like daily average. Might be instructive to plot it as a distribution.

Even though I had posted the link several times before, just to be more clear for you and for any others who may be interested in the topic, I have been referring to this chart.

https://blockchain.info/charts/avg-block-size

And, today does seem to be up in that chart, as well....

jbreher

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lose: unfind ... loose: untight

Quote from: smooth on January 19, 2016, 03:37:04 AM

Conversely 1:10000 is so close to 0:10000 that you might as well just leave it on the Bitcoin blockchain. The benefit of not doing so would be negligible.

No. Makes no sense whatsoever.

True, the choice of settlement platform is leveraged 10,000:1 in this scenario for the transacting party. As such, it probably does not much matter to the transaction party whether the underlying settlement platform is Bitcoin or a vastly cheaper alt.

However, to the payment provider -- the party who actually selects the underlying settlement platform -- that cost represents the bulk of the Cost Of Production. If any business can reduce their cost of production by a significant portion, you can be damned sure they are going to take that option.

The benefit to the party actually bearing the cost is huuuuuge.

Edit: Sorry. Unintended duplicate.

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: brg444 on January 20, 2016, 12:23:36 AM

I'd advise trader here to secure their long position.

We have consensus.

When did this royal "we" come to this result?

Should I act quickly, or do I have a few days of down before the up comes?

Richy_T

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Quote from: JayJuanGee on January 20, 2016, 12:15:55 AM

Even though I am not really sure about the total impact of all of these numbers, except maybe getting a sense of longer confirmation times, I think that I agree with you that hourly averaging may be a better depiction of block fullness as compared with block averaging of fullness over 24 hours, if that happens to be the case with the blockchain.info charts?

Which chart are you looking at? I don't see one which relates directly but I may be looking in the wrong place

(apology from earlier accepted BTW)

Edit: NVM, found it. That looks like daily average. Might be instructive to plot it as a distribution.

JayJuanGee

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Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: cbeast on January 20, 2016, 12:13:52 AM

Quote from: JayJuanGee on January 19, 2016, 11:42:36 PM

Is there any current silk road for regular people, or does a person have to be savvy with technicals? Or let's just say people in the USA who may want to buy prescription drugs, but not have to pay USA prices... ?

I don't know about silk roads, but there are there are real roads if you live near Canada or Mexico.

Hahaahahahaha

you are saying cross over the border, and do it that way?

I can't just sit back on my skinny fat ass and order via internet?

brg444

hero member

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Bitcoin replaces central, not commercial, banks

I'd advise trader here to secure their long position.

We have consensus.

JayJuanGee

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Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Richy_T on January 19, 2016, 11:48:14 PM

Quote from: ChartBuddy on January 19, 2016, 10:02:13 PM

So for anyone still harboring any doubts, here is the actual data ChartBuddy used to generate this widget. Please feel free to point out any errors. I picked one with both empty and full blocks to give an illustration.

Code:

Block    Size     Limit    Perc
  394091   995032  1000000  100%
  394092   929728  1000000   93%
  394093   995189  1000000  100%
  394094   927529  1000000   93%
  394095      210  1000000    0%*
  394096   995123  1000000  100%
  394097   999928  1000000  100%
  394098   949174  1000000   95%
  394099   998803  1000000  100%
  394100    64143  1000000    6%
================================
AVE-NOMT  7854649  9000000   87%
AVE-MT    7854859 10000000   79%

Note that this round included 10 blocks, way more than the targeted 6 and 50% were still full. I probably should have included the times as well as though the last block is only 6% full, it came a scant 44 seconds after the previous block.

Empty blocks marked with a *

Do you know if the Blockchain.info charts are possibly averaging fullness of blocks over 24 hours, and that may be the reason that they are showing a bit lower numbers for their block fullness as compared with chart buddy?

Even though I am not really sure about the total impact of all of these numbers, except maybe getting a sense of longer confirmation times, I think that I agree with you that hourly averaging may be a better depiction of block fullness as compared with block averaging of fullness over 24 hours, if that happens to be the case with the blockchain.info charts?

smooth

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Quote from: jbreher on January 19, 2016, 11:20:44 PM

Quote from: smooth link=topic=178336.msg13603757#msg136037

<>

Not at all. JorgeStolfi was saying that if you settle to the Bitcoin blockchain only 1/10000 of your tx then you might as well not do it at all and use a fiat LN system. I'm saying that at 1/10000 of your tx, the cost of using real Bitcoin (even with, hypothetically, expensive BTC transactions) would be so low there is no reason not to just stay with Bitcoin. I don't think people will want fiat LN.

Doesn't make much sense. While 1/10000 of the transaction represents only 0.01% of the customer's transaction cost, it represents 100% of the tranasaction aggregator's cost - and that is the party tasked with selecting the ultimate settlement network.

And what makes the customer choose that aggregator? LN nodes are permissionless and will compete on the basis of the attributes of their service offering (reliability,etc.). Being collateralized or not is a differentiator that will form the basis of customers' decisions over which network/nodes to use.

Saying that customers will choose uncollateralized providers given the choice is equivalent to saying they don''t want Bitcoin, which may be the case.

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: JayJuanGee on January 19, 2016, 11:42:36 PM

Is there any current silk road for regular people, or does a person have to be savvy with technicals? Or let's just say people in the USA who may want to buy prescription drugs, but not have to pay USA prices... ?

I don't know about silk roads, but there are there are real roads if you live near Canada or Mexico.

ChartBuddy

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Explanation

Richy_T

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Quote from: BlindMayorBitcorn on January 19, 2016, 09:11:35 PM

I've gone from being confused about opt-in RBF to sort of indifferent. Theymos may have seduced me with his charms tho.

https://bitcointalksearch.org/topic/m.13600494

The signs have been there for a while that the crazy is infectious.

(Disclaimer: I'm actually not against RBF)

Richy_T

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Quote from: ChartBuddy on January 19, 2016, 10:02:13 PM

So for anyone still harboring any doubts, here is the actual data ChartBuddy used to generate this widget. Please feel free to point out any errors. I picked one with both empty and full blocks to give an illustration.

Code:

Block Size Limit Perc
  394091 995032 1000000 100%
  394092 929728 1000000 93%
  394093 995189 1000000 100%
  394094 927529 1000000 93%
  394095 210 1000000 0%*
  394096 995123 1000000 100%
  394097 999928 1000000 100%
  394098 949174 1000000 95%
  394099 998803 1000000 100%
  394100 64143 1000000 6%
================================
AVE-NOMT 7854649 9000000 87%
AVE-MT 7854859 10000000 79%

Note that this round included 10 blocks, way more than the targeted 6 and 50% were still full. I probably should have included the times as well as though the last block is only 6% full, it came a scant 44 seconds after the previous block.

Empty blocks marked with a *

JayJuanGee

legendary

Activity: 3920

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: ?? on ??

Quote from: Richy_T on January 19, 2016, 09:34:10 PM

Quote from: LFC_Bitcoin on January 19, 2016, 08:37:43 PM

**Disclaimer - I'm not admitting to regular drug abuse via RL dealers though Wink

**

So irregular drug abuse then... Cheesy

I know a place. If you savvy. Wink

Is there any current silk road for regular people, or does a person have to be savvy with technicals? Or let's just say people in the USA who may want to buy prescription drugs, but not have to pay USA prices... ?

jbreher

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Activity: 3080

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lose: unfind ... loose: untight

Quote from: smooth link=topic=178336.msg13603757#msg136037

<>

Not at all. JorgeStolfi was saying that if you settle to the Bitcoin blockchain only 1/10000 of your tx then you might as well not do it at all and use a fiat LN system. I'm saying that at 1/10000 of your tx, the cost of using real Bitcoin (even with, hypothetically, expensive BTC transactions) would be so low there is no reason not to just stay with Bitcoin. I don't think people will want fiat LN.

Doesn't make much sense. While 1/10000 of the transaction represents only 0.01% of the customer's transaction cost, it represents 100% of the tranasaction aggregator's cost - and that is the party tasked with selecting the ultimate settlement network.

ChartBuddy

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Explanation

RCan06

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I haven't been active on this forum in awhile, but I almost assumed with the failure of BitcoinXT this was past us, but it appears to have to increased. Haven't even decided which option is best, but I don't own a large mining farm or an exchange, so what does my decision even matter if it'll be made for me lol..
Hopefully bitcoin (which ever one the consensus agrees to) can swiftly move forward, and the developers of the disregarded platforms can concede without causing a ruckus and further damage our credibility.

Edit:

Quote from: Mrpumperitis on January 19, 2016, 10:39:38 PM

has anyone noticed that you cant make new btc addresses on exchanges now!, bittrex and polo dont allow it anymore, its one address per account ( with id on polo )
hmm i wonder why??

On Bittrex this appears to be the case for all coins, I can only have one Litecoin or Dash address as well. I can only assume this is so they don't have to manage and keep track of thousands of addresses, but does raise a question of decreasing anonymity. Not sure the reason.

Mrpumperitis

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has anyone noticed that you cant make new btc addresses on exchanges now!, bittrex and polo dont allow it anymore, its one address per account ( with id on polo )
hmm i wonder why??

CuntChocula

newbie

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This civil war of ours, gentlemen... Why do we fight? Have you given it any thought?

War, huh? Good God, y'all! What is it good for? Absolutely nothing! Say it again:
Core! huh? yeah!
What is it good for?
Absolutely nothing, uh-huh, say it say it say you fuckin'
Whore!! huh? Good God, y'all! What are you good for? Absolutely nothing!

OK, you're right, I don't know where I'm going with that. More of an impromptu, artist-as-a-conduit-for-the-Muse, let-the-music-carry-me-away sort of a thing, that's what I was hoping for. The way it turned out, well... I just came off sounding like some faultfinding douche.
Sorry.
Was worth a try tho, could've been worse. Had a certain faux–naïf charm to it, a bit like The Song That Never Ends? No? OK, forget it.
Listen, you guys like The Dead? Oh, great!

~~~annoying noodling~~trippy space~
God damn, well I declare, have you seen my bike?

Back on topic:

Quote from: marcus_of_augustus on January 19, 2016, 09:32:03 PM

Mike Hearn very publicly audited BitStamp once.

And now it started banning Russian IPs. http://www.newsbtc.com/2016/01/18/bitstamp-bans-access-from-russia-temporarily/
Coincidence?

ChartBuddy

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