Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5346. (Read 26709148 times)

Hello gentlemen. How have things been going?

If you made any points to address, I might have something to write here.

(The reason it started to become an issue in 2015 was that blocks were beginning to get close to being full. Which came to fruition in early 2016)

That's because that's what RPis use. Intended to provide an operating system for small, lightweight devices. Design parameters that are totally irrelevant for being able to validate the blockchain. Also no SATA interface which makes a difference since validation is very IO bound. Better a small PC or Intel architecture based SBC. An obsolete dust-laden PC from the shelves of Goodwill would be a better device for those purposes.


Some do, some don't. Certainly there are some connections in there but how relevant they are is unclear. I know I'm no fan of Blockstream and I think they have their own motivations. Certainly they appear to be a company which has spent a lot of money with little income. I suspect that's behind their hashrate selling shenanigans recently.

https://twitter.com/jeetsidhu_/status/1402820322588569601

I doubt that "capacity issues" are as BIG and detrimental as you and the various dweeb twat BIG blockers had been making them out to be.  Some of that conversation about its not going to work and have to prepare our selves in advance blah blah had been and continue to be disingenuine nonsense to suggest that there is a need for a jumbo 747 to haul two passengers because some day there are going to be more passengers.. blah blah blah.

Seems way more practical to let the organic back and forth play out, including incentives for a fee market, and surely ability for easy propagation and transmission over unreliable networks and regular normie and poor peeps to validate the whole network remain quite important, rather than getting maniacally focused on dumb-ass overly-simplified purported and disingenuine solutions as if BIG blocks were ever really going to solve all the problems or needs for tweaking the system along the way without just creating a bloated attack vector rather than bringing actual utility and power to the peeps.. which bitcoin already does and likely will continue to do because it remains a people's network... rather than buying into some kind of BIG blocker nonsense and the various baggage that goes along with that either historical disingenuineness of the subject or even current ongoing attempts to bring up such already rebutted nonsense.


Yep.. pretty lame richy_t... you seem smarter than that, but whatever.. your continuing on and on with such lame talking point seems a bit ridiculous.


It's called trolling when you do that.


Who cares about other coins?  It is largely irrelevant because none of them are even close to having the same kind of transactional traffic and ongoing usage like bitcoin... so it largely seems irrelevant to assess some other nonsense coin that claims to have resolved the scaling problem, but then it has neither traffic nor ongoing attacks or other balances of adoption that bitcoin has.. so what's the point of making false comparisons except to just go on about gobble-dee-gook talking points that you already admit to largely being irrelevant (unless of course, if you might have some way to try to tie such topics into bitcoin with some kind of meaningful or relevant discussion rather than just spouting out bullshit like you say that you like to do in order to "rile the natives.")


Maybe you should provide a link, cAPSLOCK, if you believe that either there is something important and relevant that satoshi supposedly said.. From what I recall, Satoshi disappeared around late 2010, but a lot of the BIG blocker disingenuine nonsense started to get worked up in late 2015 so it increasingly ramped up in the next couple of years without really going away completely even though it should have been clear that not ONLY was the issue resolved in such a way to show the BIG BLOCKERs as largely disingenuine retards, but also current BTC development is ongoingly finding balance in onchain and offchain transactions including having goals of having some of the fee market to develop around this matter to help to inform if there might be needs for tweaks that go above and beyond ongoing tweaks that are happening.



Seems like a topic for another thread.  We have beat that topic to death so much over the years, and I hardly see what good comes from talking about such topic that you continue to believe as relevant, including your attempt to insert it into relevancy in the taproot activation thread.

I recall that you have always a bit more of a stiffy (relatively speaking) when it comes to believing that there is some kind of need to plan ahead for increases in BTC usage and concerns that both first layer solutions are not sufficiently anticipating increases in BTC usage (including perhaps disagreeing with having onchain fees that attempt to adapt to how quickly transactions might go through) and that various second layer solutions are not going to be enough to handle anticipated increases in BTC usage.. blah blah blah.


Aren't we all getting older?


You may have to go have a beer (or maybe a cigarrette) with your doc.

It's quite difficult to really explore topics in such a short conversation, and sometimes the blame on the government might be misplaced, even though for sure medical doctors have so many issues with standards of care compliance that even take away from their abilities to really exercise very much discretion - which likely frustrates them on a daily basis.. but then they learn to live with it... so sure, is that a blame the government issue?  Perhaps.


Of course, any of us are going to gain some level of empowerment by not relying too much on experts and having some knowledge of various topics whether we are talking with our mechanic or our accountant, and many of us might either not know where to start in terms of trying to learn about so many topics, and sometimes we do not have access to good information, either, so of course, if we are able to develop good critical thinking skills, that would be very helpful, but frequently we also come across a lot of people in the real world who think that they have good critical thinking skills, but instead of following one dweeb, they follow another, and it is not easy to think for your self or to bank for yourself, and surely there may be some needs to attempt to balance and to learn along the way.. and then sometimes, you just gotta admit that you have to rely on others for some things (representations of facts, logic and sometimes conclusions, too).


Of course, sometimes we are overly protected, but it is not easy to figure out a kind of proper balance.  I am not sure if we would want to live in a world without doctors who are able to advise and maybe keep people away from certain drugs without a prescription, but sure there are likely some drugs that should not require a prescription.. .. and sometimes if drugs are newer, they might have more restrictions than drugs that have been around longer.. so there is likely balance there, too.. . 

Explanation

I am among those who thinks reasonable blocksize increases would be a good thing.  I actually pointed out in the taproot activation thread here that the unsung best part of that being done well is it proves that Bitcoin can govern itself better than many had feared after the 2017 fight.  And I even mentioned that this (though a much more popular change) gave me hope that some day we could revisit block size increases as well.

As to nodes on RPis etc.  I agree it is a silly arbitrary measure to make that what we should be able to run a node on, although I do run a Pi 4, which it must be said is not a terribly under powered SBC, and is a requirement if you want to run a node, as anything below that cannot validate the chain fast enough to be useful.

But you bring up cell phone processors.  I think in some ways that is a more important measure.  Things like SPV, and neutrino are important ways to bring trust minimized validation to handheld computers, and i think in those regards we are going the right direction.

I think all the Luke Dashjr type "BLOCKS NEED TO BE SMALLER" arguments are misguided and do us harm.  I think Luke is a trainwreck as a person who takes a very extreme view on EVERYTHING.  The current Pope is an antichrist, the blocks are too big, we need to wear gas masks to keep from getting covid etc.  That combined with the dick measuring contest that the dark side of BTC Maxi culture brings us, and the small block ethos gets more attention than I think it needs.

I wish we had Hal with us still.  I feel like he would have some really good stuff to say about all this.  In fact I would trust him more than Satoshi himself, who I do not think quite had the long view or wisdom of the former.  Maybe it's better they are both currently silent (here's to cryogenics? )

I do think validation is perhaps more important than you do.  I do not want to trust that job to a small number of servers.  But I think we could raise the bar quite a bit before we get into trouble there.  I just want to make sure we avoid a "Davos" of Bitcoin forming.  Some place where the powerful nodes all gather and decide one day that it is in the best interest of mankind to mint another 21mm, and for our trouble we will split a simple 1mm amongst ourselves to cover costs, of course.

Every human endeavor has become corrupted that way eventually.  The longer we can keep that from happening to Bitcoin the better.  And I do understand that the big-blockers see small blocks as a bank takeover.  I just don't see that.  Banks don't need small blocks to remain necessary.

nope

it has already been established that WOsMerit's are completely fungible...there will be no demeriting

you are of course free to burn any awarded WOsMerit's thereby reducing the amounts in circulation and potentially increasing their value

that is all


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the noon wall report at 10:42am

#dyor

Marge flips hair forward while presenting in dog form...obviously
1h


weak ichimoku signals on the shorter time frames
ok but not really powerful one way or another
a good recovery but unsure where to go next
patience
4h


daily squeezings continue towards a MA cross
D


smack in the middle of a weekly cross...just have to ride it out
W

#stronghands

Ivermectin is apparently available at vet supply stores. Not sure about HCQ but there is also the dark web (I haven't checked there in a while but with HCQ readily available in many countries, I'd bet it can be found easily).

Wohoo!
Got a little fiat yesterday, no use for it, transferred it to an exchange, spent it on Bitcoin today.
At the exact top, of course  

The IMF is getting dirty, as i read on twitter today, researching legal consequences of El Salvador's switch to Bitcoin.
On the other hand, spotted some talks about a Bitcoiner $1b fundraising to make the IMF obsolete for ES.

Imho, the war is on. MSM trying to suppress the news, FUD and lies by governments...
The very early results of ES's move will define the initial momentum and further direction of this monetary conflict.

By definition, if a sovereign state declares an equity as legal tender, it has to be internationally recognized as a currency.
Sorry, no links for all that information, read it up on mah smartphone loosely on twitter while on the road.

Explanation

-1 WO for that.

 


Did you really say that a bottom might be in?

I can hardly believe it, but if it is coming from you... oh wait...



 


Don't encourage him.

-2 WO for that one.. 


Oh Gawd.. not another nonsense discussion of supposed "censoring"?

Let's blame theymos for bcash tards being retarded and unwilling or unable to identify actual value.

...

JJG 579188

I recently had my first physical exam as it had been a while, and I'm getting older...  Among the many things we discussed was his preoccupation with our HUGE problem with various elites (esp. .gov) LYING about so much.  He was very disheartened, and it's not just goobermint, it's so much else.  Well, yeah, Doc.  A Culture of Lies.  Ugh.

Our conversation crystallized something for me.  I believe even less what I am told, especially by the MSM, .gov officials, Banksters, etc.

But, my Dr. sure ain't perfect, even with the points we discussed.  He refused to give Rx's for Ivermectin and HCQ.  We're vaccinated, but we know MOAR pandemics are coming.  Yet he would not allow me to get them (and yes I know that they may not work, but that ought to be my decision).  Grrr...

True, I know from my few projects that the vast majority will not be actually doing anything. Much less...moving to El Salvador. They will be sitting back clicking "Like" and hoping that it is successful so that it will affect their home town in a positive way. Or as a means of being able to say "See, it works there!".

Few people actually do anything. And those people will be able to research before going there on how to best protect themselves from the crime.

And like I said...it's great that El Salvador is considered a crime ridden shithole. That's great for the "Before" picture.

Of course, temporary.  By the way, do you have a link for that?



By the way, I mentioned the t-bone steak example of a wee bit more than doubling - probably a bit more than a year ago as compared to now, and I am not even sure if I have seen very many products in the grocery stores that have kept close to the same price or stayed within about 5%.. sure there are some examples, but still would they even come close to a mere 5%, I am having my doubts.  Of course, if we expand out to other things that people likely use or want to use such as housing, gas, electricity, construction, education, medical services, technologies such as computers and phones, communication services (internet), automobile, other transportation, personal care/grooming or other goods/services I am having troubles imagining containment of inflation to 5%, absent some manipulation of the data, and surely it does seem that people can actually see that they are being fed data that is not seeming to be very accurate in comparison to their life experiences (what else is new?)...

Edit: Torque made points with more specifics than me.. in the post just above my one.   

Such bullshit numbers, such gaslighting. They talk 5% like it's the real number.

But since 2020 you see lumber prices at 300%, houses +20%, propane 150%, gas at the pump +30%, food at the grocery +20-30%. If prices didn't change much, pay close attention to the packing. They likely "shrinkflated" it.

I buy berries every grocery shop. A small carton of strawberries was $3.99 in 2019/2020. Now for the same size it's $5.99. Raspberries, blueberries, also nearly double.  Is that "inflation just up 5%"? No it is fucking not!

No even fucking close.

All lies.

Not to mention a hell of a lot cheaper to adopt, and more decentralized.

That's right.

Before we do anything else (perhaps somehow related to dee king daddy?), let's wait to see what Elon has to say (our only source of relevant newses).


Actually that sounds related to bitcoin, without pumpening anything.

You have a coin out there that can be used in terms of privacy, and there are various privacy routes that are available to bitcoin, including one that BTC users might want to atomically swap to Monero or use some other service to either anonymize coins already held or to engage in some kind of transaction that is personally prefered to keep private to the extent possible...   

It would be nice if the price could stay up for a bit. It seems the only reason it goes up right now is so that it can slide soul-crushingly back down again.

Beginning to feel like that bear market again.

Many would have been happy with cautious size increases. There's no real justification behind the 1MB (as would be expected from it being implemented as an anti-DOS measure when blocks were tiny) and the theoretical maximum while still maintaining your goals is much higher than that.

I'd advise not getting wrapped up in Raspberry Pis. They are cool devices and I own many but they are not optimal for this kind of service by any means. They are radically underpowered and even within the realms of SBCs, there are more powerful options available. It's not a binary choice between cell phone processors from the early 2010s and supercomputers in datacenters.

I also disagree with the usefulness of "validation nodes". They don't have zero value but they're not as useful as people think and they're certainly not worth crippling the network for just so people can run them on sub-par hardware. If your security is worth $40 per transaction, it's certainly worth more than a $40 computer.