Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6360. (Read 26709893 times)

legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
now dream time of blows from her.  Grin

legendary
Activity: 2478
Merit: 1220
Privacy Servers. Since 2009.
broke my new Lambo. sheeeiiit!




EDIT:

Bob, it seems to me you get more professional from day to day.  Cool

EDIT: *cracks knuckles*

*places order for dip @ $39,500*

EDIT2: Filled. Order placed @ $39,000

OMG that's one strong hooker... where's blow btw?  Grin
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
The point is, anything farther than 60 seconds is too far. You could say 3 minutes is still close enough, but it's a round trip time of still 6 minutes, and that's with whatever was in the mempool 6 minutes ago.

The risk is too high that any miner that far away is not going to mine any blocks in time.

I'd argue anything farther than the moon is too far, that's already a latency of 1 second at the speed of light. 2 seconds round trip.

It makes more sense to mine in the north or south poles, or in the middle of the oceans, assuming you can get power and internet all the way over there. If they use satellites for connectivity, then you add another second or so.

...assumes we never develop quantum-entangled communications which are theoretically 'instantaneous'

... on the other point about current satellite latencies, Musk's Starlink cloud of sats architecture has latency better than 20ms ping times and in many intercontinental link situations will be faster than current f.o. cables and switching networks.
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
broke my new Lambo. sheeeiiit!




EDIT:

Bob, it seems to me you get more professional from day to day.  Cool

EDIT: *cracks knuckles*

*places order for dip @ $39,500*

EDIT2: Filled. Order placed @ $39,000
legendary
Activity: 1869
Merit: 5781
Neighborhood Shenanigans Dispenser
do you think Biden tries to charge Trump



EDIT: *cracks knuckles*

*places order for dip @ $39,500*

EDIT2: Filled. Order placed @ $39,000
EDIT3: Bitchcoin. Filled. Placed order @ $38,500
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
The point is, anything farther than 60 seconds is too far. You could say 3 minutes is still close enough, but it's a round trip time of still 6 minutes, and that's with whatever was in the mempool 6 minutes ago.

The risk is too high that any miner that far away is not going to mine any blocks in time.

I'd argue anything farther than the moon is too far, that's already a latency of 1 second at the speed of light. 2 seconds round trip.

It makes more sense to mine in the north or south poles, or in the middle of the oceans, assuming you can get power and internet all the way over there. If they use satellites for connectivity, then you add another second or so.
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
legendary
Activity: 4354
Merit: 9201
'The right to privacy matters'
edit: Awww shit!  Sorry for the politics.

Warned ya :-)



Nice

do you think Biden tries to charge Trump

Note I just want you to do more pretty photos.
legendary
Activity: 3990
Merit: 4597
That is weird: Bitcoin is a lot more stable than Gold in terms of knowing exactly what is up: You can't fake it and there is no mine of gold out there, only 6.25 coins every 10 minutes.

Interestingly, Bitcoin can only be mined on Earth. Gold can be mined from ... a lot of different planets, any other solar system, any other galaxy.

Because of the way Bitcoin is set up with 10 minute average blocks, miners are limited to about 1 minute away from the "center of hash", which happens to be Earth. You can have miners on the moon or in orbit, like some international space station, but you can't have miners more than 1 million kilometers away as that's too far and introduces latency.

It's possible for other planets to use Bitcoin, but they can't mine it, only broadcast their transactions and wait for confirmation. Mars is already too far away, as in terms of Bitcoin, it is more than a block away. It's like 15 minutes to 45 minutes away at the speed of light.

I like it. Each planet gets their own bitcoin which captures the entire productive value of that planet. Exchange rates vary by productive output and are kept in check by interplanetary arbitrage.



TNG was talking about gold-pressed latinum  Cheesy, which is rare for an unknown reason (perhaps, because it cannot be replicated, unlike gold).
It might be a good idea to get some, in case it takes off...lol.
full member
Activity: 308
Merit: 109
I am updating Bitcoin Electrum Wallet.
https://electrum.org/#home

I downloaded these three files and saved them in the same directory.
https://raw.githubusercontent.com/spesmilo/electrum/master/pubkeys/ThomasV.asc
https://download.electrum.org/4.0.9/electrum-4.0.9-x86_64.AppImage
https://download.electrum.org/4.0.9/electrum-4.0.9-x86_64.AppImage.asc


And used these instructions to verify the Electrum wallet.
https://electrum.readthedocs.io/en/latest/gpg-check.html
Are those instructions genuine?

So I did what those instructions told. And I got these results.
Quote
$
$ gpg --keyserver keys.gnupg.net --recv-keys 6694D8DE7BE8EE5631BED9502BD5824B7F9470E6
gpg: key 2BD5824B7F9470E6: 9 duplicate signatures removed
gpg: key 2BD5824B7F9470E6: 376 signatures not checked due to missing keys
gpg: key 2BD5824B7F9470E6: "Thomas Voegtlin (https://electrum.org) <[email protected]>" not changed
gpg: Total number processed: 1
gpg:              unchanged: 1
$
$
$
$
$
$ gpg --verify electrum-4.0.9-x86_64.AppImage.asc electrum-4.0.9-x86_64.AppImage
gpg: Signature made Fri 18 Dec 2020 21:07:20 EET
gpg:                using RSA key 6694D8DE7BE8EE5631BED9502BD5824B7F9470E6
gpg: Good signature from "Thomas Voegtlin (https://electrum.org) <[email protected]>" [unknown]
gpg:                 aka "ThomasV <[email protected]>" [unknown]
gpg:                 aka "Thomas Voegtlin <[email protected]>" [unknown]
gpg: WARNING: This key is not certified with a trusted signature!
gpg:          There is no indication that the signature belongs to the owner.
Primary key fingerprint: 6694 D8DE 7BE8 EE56 31BE  D950 2BD5 824B 7F94 70E6
$
$
$

Did I do everything like they should be done? Are these results ok and is the Bitcoin Electrum Wallet safe and genuine?
hero member
Activity: 1011
Merit: 721
Decentralize everything
Nice article about the interplanetary hash horizon for Bitcoin here:
https://unchained-capital.com/blog/law-of-hash-horizons/

Part two here (which I hadn't read yet, will take a look now):
https://unchained-capital.com/blog/bitcoin-astronomy-part-ii/
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
That is weird: Bitcoin is a lot more stable than Gold in terms of knowing exactly what is up: You can't fake it and there is no mine of gold out there, only 6.25 coins every 10 minutes.

Interestingly, Bitcoin can only be mined on Earth. Gold can be mined from ... a lot of different planets, any other solar system, any other galaxy.

Because of the way Bitcoin is set up with 10 minute average blocks, miners are limited to about 1 minute away from the "center of hash", which happens to be Earth. You can have miners on the moon or in orbit, like some international space station, but you can't have miners more than 1 million kilometers away as that's too far and introduces latency.

It's possible for other planets to use Bitcoin, but they can't mine it, only broadcast their transactions and wait for confirmation. Mars is already too far away, as in terms of Bitcoin, it is more than a block away. It's like 15 minutes to 45 minutes away at the speed of light.

I like it. Each planet gets their own bitcoin which captures the entire productive value of that planet. Exchange rates vary by productive output and are kept in check by interplanetary arbitrage.

legendary
Activity: 3990
Merit: 4597
That is weird: Bitcoin is a lot more stable than Gold in terms of knowing exactly what is up: You can't fake it and there is no mine of gold out there, only 6.25 coins every 10 minutes.

Interestingly, Bitcoin can only be mined on Earth. Gold can be mined from ... a lot of different planets, any other solar system, any other galaxy.

Because of the way Bitcoin is set up with 10 minute average blocks, miners are limited to about 1 minute away from the "center of hash", which happens to be Earth. You can have miners on the moon or in orbit, like some international space station, but you can't have miners more than 1 million kilometers away as that's too far and introduces latency.

It's possible for other planets to use Bitcoin, but they can't mine it, only broadcast their transactions and wait for confirmation. Mars is already too far away, as in terms of Bitcoin, it is more than a block away. It's like 15 minutes to 45 minutes away at the speed of light.

I agree, but the number is off a little.
right now more like 8.13 min (487.6 sec) for 90.829 mil miles (146.175 mil km)
At the minimal distance (54.6 mil km) just above 3 min with maximum at 401 mil km (22.29 min).

We will need to learn how to entangle the martian node(s)... Grin
hero member
Activity: 824
Merit: 712
That is weird: Bitcoin is a lot more stable than Gold in terms of knowing exactly what is up: You can't fake it and there is no mine of gold out there, only 6.25 coins every 10 minutes.

Interestingly, Bitcoin can only be mined on Earth. Gold can be mined from ... a lot of different planets, any other solar system, any other galaxy.

Because of the way Bitcoin is set up with 10 minute average blocks, miners are limited to about 1 minute away from the "center of hash", which happens to be Earth. You can have miners on the moon or in orbit, like some international space station, but you can't have miners more than 1 million kilometers away as that's too far and introduces latency.

It's possible for other planets to use Bitcoin, but they can't mine it, only broadcast their transactions and wait for confirmation. Mars is already too far away, as in terms of Bitcoin, it is more than a block away. It's like 15 minutes to 45 minutes away at the speed of light.

I like it. Each planet gets their own bitcoin which captures the entire productive value of that planet. Exchange rates vary by productive output and are kept in check by interplanetary arbitrage.
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
That is weird: Bitcoin is a lot more stable than Gold in terms of knowing exactly what is up: You can't fake it and there is no mine of gold out there, only 6.25 coins every 10 minutes.

Interestingly, Bitcoin can only be mined on Earth. Gold can be mined from ... a lot of different planets, any other solar system, any other galaxy.

Because of the way Bitcoin is set up with 10 minute average blocks, miners are limited to about 1 minute away from the "center of hash", which happens to be Earth. You can have miners on the moon or in orbit, like some international space station, but you can't have miners more than 1 million kilometers away as that's too far and introduces latency.

It's possible for other planets to use Bitcoin, but they can't mine it, only broadcast their transactions and wait for confirmation. Mars is already too far away, as in terms of Bitcoin, it is more than a block away. It's like 15 minutes to 45 minutes away at the speed of light.
legendary
Activity: 2744
Merit: 13618
BTC + Crossfit, living life.
sr. member
Activity: 378
Merit: 889
Another new day, another ATH. Who else is looking forward to $42069?
legendary
Activity: 2996
Merit: 1903
Figuring active lawyer guy BobLawblaw knows what he's been doing

Let me cast no illusions. I have no idea what I'm doing. I've been blessed with the ability to mostly roll Natural 20's on my "vs Luck" saving throws, thus far in life.


Be that as it may be, Gemini is now working for me.  Made my second and third small sales this morning.  Waiting on the wire transfers.  So far, so good.
legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
edit: Awww shit!  Sorry for the politics.

Warned ya :-)

legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
That is weird: Bitcoin is a lot more stable than Gold in terms of knowing exactly what is up: You can't fake it and there is no mine of gold out there, only 6.25 coins every 10 minutes.
Jump to: