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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4092. (Read 26711388 times)

legendary
Activity: 2282
Merit: 2057
A Bitcoiner chooses. A slave obeys.
Putting the bully in his place.



You know, its hard to take you seriously when your arguments become jpegs.

But, for the sake of entertaining you...



Lets not be hypocritical. If you see fit to surround a country with enemy bases and nuclear missles, then that country will obviously respond accordingly.

The main issue is the meaning of "accordingly". The only example I can think of is the Cuban missile crisis. US had put missiles near the USSR, USSR put missiles on Cuba. Pretty fair. The conclusion also was, with both sides removing their missiles.

The problem with the current situation is that Russia is moving borders. I don't see the US doing that. Afghanistan was invaded 20 years ago, no part of that country is US territory now, obviously.

Well they were kind of forced to do that. Ukraine was not willing to let Crimea be independent, and there would have been a lot of bloodshed. And by law, the Crimean give-away was legally void. So either Russia took Crimea or would have watched Crimea turn into a bloodbath. As I said, I have yet to hear a single Crimean complain about the annexation.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
In Lightning Network matters, I kinda figured out how to get my channels back into a balanced state, organically, after getting drained to one side.

tl;dr: I set a "normal" free policy for routing peers of something like 1000/100. Bigger nodes get charged higher rates, eg: 1000/350.

Eventually, I'll drain the liquidity, no matter how high I set my fee rate, and the channel ends up going stale if I don't take action on it.

Instead now, when the channel gets drained one way, practically entirely, I basically set my fee rates extremely low, like 0/10, and I start getting a lot of traffic coming back the other way, filling up my drained liquidity again.

Probably blatantly obvious to some, but I'm a tard, and just figured this out on my own over the last 48 hours, and it's working ridiculously well so far to re-fill drained liquidity.

As the channel gets more balanced, I start cranking up the fees, and stuff starts flowing back out the other way, for another round of profit taking on routing.

Neato.

It took me a solid 2 years to figure this out.  And it is STILL significant work.  Even though I do not know you really, you are one of the smartest people I know. Wink

HOWEVER... eventually the nodes will be able to run themselves using these exact same strategies.

I have been wondering what that means to the costs of the network.  Lightning is a network that seems to be quite distributed.  It might just be that the presence of people like you and I will create an environment where the fees will always be kept fairly low.  Because there will always be nodes trying to draw traffic, so there is always a fee sale somewhere. See what I mean? Since pathfinding is markets on FAST FORWARD there will not be choke points like there are in the current system.  Or at least they will have a much harder time establishing them.  In fact I believe retailers will be incentivized to run nodes and now instead of a Krogers shoppers card you would have a Krogers node connection (or even wallet).

The big "routing nodes" will be the retailers, not the banks.  And those big retailers would be incentivized to keep their fees as low as possible to their customers, I think.  At least that's what I have been seeing recently... who knows if it really means something lol.

Then your lightning nodes liquidity becomes a total input vs output thing...  They can just sit there and hum along for virtually ever.

There are serious development opportunities in this particular space.  I wish I was not so lazy.  I would seize them! Lol.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino


These shitcoins need to be purged man, total scam.

Don't give it attention: don't read it, don't comment on it, and don't share it. Any attention leads to more people jumping the wagon hoping for a quick profit.

My bad.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
Don't give it attention: don't read it, don't comment on it, and don't share it. Any attention leads to more people jumping the wagon hoping for a quick profit.
legendary
Activity: 1235
Merit: 1202
Just goes to show there's still a lot of dumb money flying around in crypto
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
copper member
Activity: 1498
Merit: 1619
Bitcoin Bottom was at $15.4k
BTC On-Chain Data for 31st Jan, 2022

Supply on Exchanges: Shows the total amount of BTC located in known exchange wallets.


Whale Transaction Count: Number of Transactions transferring more than 1M USD.


Active Addresses: Number of unique addresses involved in BTC transactions daily.


MVRV Long/Short Difference: For certain coins, this indicator tends to bottom at the lowest point of its bear market and peak at the top of its bull cycle.


MVRV Ratio: Shows the average profit or loss of all BTC holders based on the price when each token last moved.

legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
copper member
Activity: 1526
Merit: 2890
hero member
Activity: 2604
Merit: 961
fly or die
Lets not be hypocritical. If you see fit to surround a country with enemy bases and nuclear missles, then that country will obviously respond accordingly.

The main issue is the meaning of "accordingly". The only example I can think of is the Cuban missile crisis. US had put missiles near the USSR, USSR put missiles on Cuba. Pretty fair. The conclusion also was, with both sides removing their missiles.

The problem with the current situation is that Russia is moving borders. I don't see the US doing that. Afghanistan was invaded 20 years ago, no part of that country is US territory now, obviously.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!

Yeah... But it's true, so why not?

Soon, 1 BTC will be the target of one's lifetime of hard work.
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
I'm no expert in LN, but shouldn't this be happening automatically?

In theory, yes, but AFAIK, there are no automagic methods of doing this. I am quite very possibly missing some obscure tool or method that more learned node-ops use (Using RTL as the primary management tool)

It's been my complaint all along (Lighting channel state balancing management), and it's an AI project Rick has started working on for me, after setting up his own Umbrel node, but the ranch project is really barreling along at a speedy pace lately, and, well, Rick and a friend are going to start an apiary, and I'm having a compact track loader delivered, that we purchased, so I'll be clearing land for them to set hives, and wildflower fields flanking the hives next week blah blah etc etc

NGL. Really starting to look forward to enjoying country life. It's fucking beautiful out there. So quiet...

This is so great, really happy for you guys, you deserve all the blessings you can get. I know this is hard work, but just imagine how it's going to be when it's done. Your own little paradise on Earth. Feeling a little envious (in a good way).

Thanks for all the info on LN. I like the AI idea Rick is working on, you could even consider offering the code to the community at some point. What's important is that LN is growing and getting more adoption. It's not really meant to be run by simple users anyway.


I'm no expert in LN, but shouldn't this be happening automatically? I think what the developers should be focusing on, is code that can be run in a set-and-forget mode, without us having to pamper it constantly to keep it in a healthy state. Maybe I'm asking too much, but the way things stand (based on what I'm reading/learning from you guys), operating a LN node is still a messy piece of work. Good thing is that it seems to be gaining more and more ground, despite the lack of user-friendliness.

In a nutshell, no…

At the core of it, LN still has to be profitable to survive. People will always do it for free, but ultimately if they are forced to do it at a loss, they will eventually pull out of go bust…

When you move SATs from one channel to another to rebalance, there has to be a corresponding, channel to balance the transaction…

Node A to Node B to Node C to Node A

In a perfect scenario, that would balance out, but what if Node B has a higher routing fee?.. who will cover that cost?

Sure we can route for free, something we do during a triangle swap. But never happens unless all participants co-operate.

Can explain n more detail if you want…

Thanks for the info, it looks more complicated than what a piece of code can automatically do. Maybe it's safer that way, because having an algorithm do stuff automatically can be a source of instability and even a security risk, and I'm sure the developers know this. Maybe it's just too risky to let a piece of code manage the balancing.

No need to expand more on this, far too busy IRL for me to get involved currently. But it's good to read and learn from the experts out there.
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