Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19705. (Read 26608871 times)

sr. member
Activity: 392
Merit: 250
Home. My entire bitcoin folder tree amounts to less than 64 GiB - or less than USD $10 of disk space. Bandwidth is such that I don't even notice any degradation to other apps. I admit that my ISP is better than many. I've never thought to measure it with any finer resolution than 'computing demands are irrelevant'.

Care to share how many peers you're connected to?

Hmm... just a sec... checking....

OK, back. 8. I'm guessing that's a default. I've not modified that part of bitcoin.conf.

As long as we're nitpicking my particular node, it may be worth pointing out that I am running it over Tor.

If you have exactly 8 connections, it almost certainly means you have no incoming connections at all.  This usually indicates a network misconfiguration, such as port 8333 blocked by your firewall, or maybe in your case, it's a Tor issue.

The default is 8 outgoing, unlimited incoming.  If you open the Help->Debug Window menu item, it will show the relevant information.


Running a full node over tor requires setting up a tor hidden service first. I found this tutorial but don't have personal experience with it:

https://www.sky-ip.org/configure-bitcoin-node-debian-ubuntu.html

If you just want to run from your home IP, it's as simple as forwarding port 8333 in your router to your machine running bitcoind. Once you see more than 8 connections, you will be contributing to the network.

Be advised that XT nodes have had their broadcasted IP's DDoS'd in the past, although that seems to have subsided vs the days when it was quickly gaining share. I imagine it will happen again to XT and Unlimited nodes if they continue growing.
legendary
Activity: 1066
Merit: 1098
Home. My entire bitcoin folder tree amounts to less than 64 GiB - or less than USD $10 of disk space. Bandwidth is such that I don't even notice any degradation to other apps. I admit that my ISP is better than many. I've never thought to measure it with any finer resolution than 'computing demands are irrelevant'.

Care to share how many peers you're connected to?

Hmm... just a sec... checking....

OK, back. 8. I'm guessing that's a default. I've not modified that part of bitcoin.conf.

As long as we're nitpicking my particular node, it may be worth pointing out that I am running it over Tor.

If you have exactly 8 connections, it almost certainly means you have no incoming connections at all.  This usually indicates a network misconfiguration, such as port 8333 blocked by your firewall, or maybe in your case, it's a Tor issue.

The default is 8 outgoing, unlimited incoming.  If you open the Help->Debug Window menu item, it will show the relevant information.
legendary
Activity: 1624
Merit: 1008

I take it that means the last block was 860KB.  Getting  closer.  

I don't know how ChartBuddy calculates that given he posts once a hour.

The last 6 blocks were 926, 693, 357, 243, 267, and 469KB according to blockchain.info

Edit: well he just posted again @50% which is about the average of the blocks I listed.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 210
Merit: 100
legendary
Activity: 1260
Merit: 1116
Lots of numbers up there. Let me sleep on those Shocked

Rough estimate: 1,861,359
legendary
Activity: 1106
Merit: 1007
Hide your women

I take it that means the last block was 860KB.  Getting  closer. 
legendary
Activity: 1624
Merit: 1008
All the quick-witted people are slowly crowding back in. This is speculation! Why isn't anybody yelling out random numbers Huh

I don't know about quick witted but I have $1359 under my mattress.  Yes I actually keep spare cash under my mattress.

Does that qualify as a random #?

I assume you mean the price of btc at sometime in the future.  I haven't a clue.  I actually thought that something more would have come from the Dec. scaling conference.  Silly me.  My last buy was a couple a weeks ago on the first dip to $425 where I got them for $427.  My desire for accumulating seems to have dissipated.  Therefore I anticipate that more stuff will accumulate under my mattress. 
hero member
Activity: 798
Merit: 531
Crypto is King.
All the quick-witted people are slowly crowding back in. This is speculation! Why isn't anybody yelling out random numbers Huh
By new years day the price will reach




















































legendary
Activity: 1106
Merit: 1007
Hide your women
Market prices tend to rise with increased demand. That is a market function. And when you are still lower than your closest competitor, people will still prefer your service over theirs. If a bank wire costs 10$ and takes days and a btc transfer costs 1$ and takes minutes, why would I use SWIFT instead of BTC?

True, Bitcoin today enjoys a 91% market share of crypto. However, in the overall scope of a USD $7B asset class adrift in a many-$T sea, that market share is not unassailable. Indeed, should the masses finally decide to adopt crypto, I would expect them to adopt one that they can actually _use_, rather than one that prevents them from participating due to an arbitrary limitation. Any of dozens of shitcoins are waiting in the wings to meet this market need, jealously awaiting a chance to procure adoption by delivering real value in comparison to Bitcoin.

What will happen, at most, is that shitcoins will be used for low-value txs and btc will be used for high value txs. You want to gamble for a few cents => you use a shitcoin. You want to buy a chewing gum => you use a shitcoin. You want to transfer 500$ or $5 mn, you use BTC.

At MOST, some people or group could sink billions into an altcoin, complete with incentives for miners to switch, a well-funded marketing effort, a competent development group that they can control (or at least trust), legal defense fund, lobbying team, focus groups, etc. 

What's seven billion dollars to Wall Street or Silicone Valley? What's the payoff if they succeed?  I'm surprised they haven't done this already.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
All the quick-witted people are slowly crowding back in. This is speculation! Why isn't anybody yelling out random numbers Huh



My random number is my prediction of 59.561034829% chance that the next breakout of 1.5% or more (using $426.71 as a starting reference point) is going to be down,  and the remaining 40.4389652% chance of up.

Sideways is not an option in my outlined scenario, even though it could take awhile before prices break either one way or the other (up to a year, possibly .00000013295188403% chance of that).
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
All the quick-witted people are slowly crowding back in. This is speculation! Why isn't anybody yelling out random numbers Huh


meh... holidays
legendary
Activity: 1260
Merit: 1116
All the quick-witted people are slowly crowding back in. This is speculation! Why isn't anybody yelling out random numbers Huh
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
Home. My entire bitcoin folder tree amounts to less than 64 GiB - or less than USD $10 of disk space. Bandwidth is such that I don't even notice any degradation to other apps. I admit that my ISP is better than many. I've never thought to measure it with any finer resolution than 'computing demands are irrelevant'.

Care to share how many peers you're connected to?

Hmm... just a sec... checking....

OK, back. 8. I'm guessing that's a default. I've not modified that part of bitcoin.conf.

As long as we're nitpicking my particular node, it may be worth pointing out that I am running it over Tor.
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
What will happen, at most, is that shitcoins will be used for low-value txs and btc will be used for high value txs. You want to gamble for a few cents => you use a shitcoin. You want to buy a chewing gum => you use a shitcoin. You want to transfer 500$ or $5 mn, you use BTC.

You are advancing a hypothesis as a known. I think your hypothesis is faulty.

I believe that, should any alt be adopted for small value transactions, the line between 'small value' and 'large value' will quickly trend upwards in absolute value, eventually subsuming all of the actual value within the so-called 'high value' transaction space. If indeed this vision is correct, the Bitcoin would be left eventually as valueless.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
... You want to buy a chewing gum => you use a shitcoin. You want to transfer 500$ or $5 mn, you use BTC.

Right. Because the market demands as many currencies to exist side-by-side as possible, to facilitate frictionless commerce (and provide hookers and blow for Blockstream employment for money changers).  So shitcoins for buying shit, GumCoins for my gum and shitty hard candy needs, CoffeeCoins for my coffee etc., and Bitcoin, useless as money, for storing muh wealth.

..unless I end up using BeanieCoin for storing wealth, of course, then BeanieCoin. Oh, and if BeanieCoin can process enough TPS to buy gum & shit, I also might use it as money. Removing the need for the whole multi-currency convoluted bullshit.

@JayJuanGee: Please tell me you're not mentally ill/differently enabled, so's I wouldn't feel so conflicted about laughing at you.

With BeanieCoin you would be able to pay a "fee" to hire as many and as big trucks as you'd ever need in order to transact.

It would be technically superior to Bitcoin.

Finally all your Beanie Babies crap makes sense.

Whew!! That was one hell of a ride (it must have been years) just for a lousy punchline!!

So Lambie, what's your next endeavor?
legendary
Activity: 3080
Merit: 1688
lose: unfind ... loose: untight
Quote from: jbreher
BJA might be able to provide more info on VPS use. I think he said $118/yr, and a 'couple bucks/month for bandwidth'. But I don't mean to put words into his mouth.

I post here under my real name. Why the hell would I use a VPS?

I guess I was putting words into your mouth then - sorry - such was not my intent. I thought you indicated in another post that you ran a node on a VPS.

Thanks for chiming in. Please clarify, if you are willing.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
... You want to buy a chewing gum => you use a shitcoin. You want to transfer 500$ or $5 mn, you use BTC.

Right. Because the market demands as many currencies to exist side-by-side as possible, to facilitate frictionless commerce (and provide hookers and blow for Blockstream employment for money changers).  So shitcoins for buying shit, GumCoins for my gum and shitty hard candy needs, CoffeeCoins for my coffee etc., and Bitcoin, useless as money, for storing muh wealth.

..unless I end up using BeanieCoin for storing wealth, of course, then BeanieCoin. Oh, and if BeanieCoin can process enough TPS to buy gum & shit, I also might use it as money. Removing the need for the whole multi-currency convoluted bullshit & fulfilling satoshi's dream of.BeanieCoin: A Peer-to-Peer Electronic Cash System Smiley

@JayJuanGee: Please tell me you're not mentally ill/differently enabled, so's I wouldn't feel so conflicted about laughing at you.


Don't laugh at me, laugh with me.... have a sense of humor.    Tongue Tongue
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 661
Merit: 509
New year is coming. Let's see what's gonna be the price end of 2015
Jump to: