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

[jojo69]

What happened to Rosewater Foundation?

We wish we knew.  Speculation that he may have been caught in Quadringa CX...

[JimboToronto]

What happened to Rosewater Foundation?

We wish we knew.  Speculation that he may have been caught in Quadringa CX...

I think he's too smart to keep coins on an exchange.

[jbreher]

@jbreher So what is likely to happen if BCH-ABC or SV wants to implement another improvement of the protocol that a significant portion disagree with? Are groups of miners going to square off on two or more camps

To the extent that each side is entrenched in their way forward, this would seem likely. Just as would be the case for a schism within the Bitcoin Core camp.

and cause more forks,

Perhaps. If one side defaults on the approach satoshi suggested -- colloquially known as a hash battle -- than a fork would seem inevitable. Again, just as would be the case for a schism within the Bitcoin Core camp.

each fork being less secure since each have less hash rate?

If neither side capitulates, yes. Again, just as would be the case for a schism within the Bitcoin Core camp. Of course, with a fairly pervasive narrative within Core of 'miners are evil', BTC may find other ways to lose hash security.

[bones261]

@jbreher So what is likely to happen if BCH-ABC or SV wants to implement another improvement of the protocol that a significant portion disagree with? Are groups of miners going to square off on two or more camps

To the extent that each side is entrenched in their way forward, this would seem likely. Just as would be the case for a schism within the Bitcoin Core camp.

and cause more forks,

Perhaps. If one side defaults on the approach satoshi suggested -- colloquially known as a hash battle -- than a fork would seem inevitable. Again, just as would be the case for a schism within the Bitcoin Core camp.

each fork being less secure since each have less hash rate?

If neither side capitulates, yes. Again, just as would be the case for a schism within the Bitcoin Core camp. Of course, with a fairly pervasive narrative within Core of 'miners are evil', BTC may find other ways to lose hash security.

But a schism for BTC is less likely because they usually implement some kind of voting mechanism to ensure that most are on the same page before implementing. Also, what is great about segwit is if you are a user or a miner and don't care for segwit, you can ignore/avoid segwit tx and still be part of the network. Unfortunately, if you are a miner who ignores/avoids canonical ordering, it's not possible for you to remain on the same network as BCH ABC.

[El duderino_]

come on BTC every minute = Critical !!!!!!!!!

[Toxic2040]

problem: bear talks to much
solution: feed bear more bitcoins until properly immobilized.
problem: solved.

------
imho i would have to say yep, thats a bounce not a skip
you can put the squiggle lines where you please but im with the purple and gold camp prevailing at the end of the day  #dyor
D 50 day MA

[El duderino_]

Wrapped up mainland trip. Latest news Bitmain is out of cash and is desperately trying to raise capital to fund TSMC wafers. Yield is not good -below 80%. Existing investors asking for significant valuation discount or force them to sell BCH portfolio. Regardless they are screwed “And Bcash as well ??”

https://twitter.com/btcking555/status/1115376669861105664?s=21

[El duderino_]

via Imgflip Meme Generator

For reference, Bitcoin Cash vs Bitcoin. 🔥


via Imgflip Meme Generator

https://twitter.com/jacobcanfield/status/1114928230635659264?s=21

[El duderino_]

via Imgflip Meme Generator

^
Indeed

[JayJuanGee]

In case you had not noticed, miners have always been happy to mine blocks large enough such that average wait tx latencies were darned near universally next-block or so. That is, until blocks became persistently full, making such performance impossible.

Who gives any shits about what miners want?  It’s irrelevant.  Same as what users want.  That’s irrelevant too.

 Either they mine or they don’t.  So the incentives for mining are already built into bitcoin.   Same with users.  Either they use bitcoin or they don’t. 

Again, in bitcoin incentives are already well established from the beginning.  That’s what makes bitcoin so powerful as contrasted with the various shitcoin bitcoin wannabes.

[cryptjh]

Say hello to bitcoin wallet number 35 million!
The last 2 days 120.000 new bitcoins wallets, have been added to the bitcoin blockchain!

https://www.blockchain.com/ja/charts/my-wallet-n-users?timespan=all

[sirsplashalot]

In case you had not noticed, miners have always been happy to mine blocks large enough such that average wait tx latencies were darned near universally next-block or so. That is, until blocks became persistently full, making such performance impossible.

Who gives any shits about what miners want?  It’s irrelevant.  Same as what users want.  That’s irrelevant too.

 Either they mine or they don’t.  So the incentives for mining are already built into bitcoin.   Same with users.  Either they use bitcoin or they don’t. 

Again, in bitcoin incentives are already well established from the beginning.  That’s what makes bitcoin so powerful as contrasted with the various shitcoin bitcoin wannabes.

You do realize miners vote?

[fillippone]

via Imgflip Meme Generator

For reference, Bitcoin Cash vs Bitcoin. 🔥


via Imgflip Meme Generator

https://twitter.com/jacobcanfield/status/1114928230635659264?s=21

Transaction spike is probably due only to Veriblock spamming bitcoin blocks with their OP_Return transactions.
This is even suggested on the commment to the original tweet you posted.
I said something about that in my monthly analysis, but basically they are doing transactions on BTC blockchain, effectively using space on BTC blocks, and using their own protocol (Proof-of-Proof) trying to secure other weak blockchains (say a random shitcoin with low hashing power) using Bitcoin's Proof-of-Work blockchain and its massive security to protect them against 51% attacks. As they put transactions from other blockchains on the Bitcoin network, that takes space in a Bitcoin block, some estimates say up to 25%, crowding out legit BTC transactions and pushing fees higher.

This is only a quick and dirty explaination, more at www.veriblock.com.

Edit: now I really regret getting so excited about this spike a couple of days ago...

[Arriemoller]

Since I'm the only one here, Ill just sign out and take a nap, see you in the evening.
[/quote

And I'm back, that was a hell of a nap, but I do fell well rested.

[Arriemoller]

How much would it cost to move such amount of money with traditional banking system?

Where I live - $0.

I don't understand why this particular meme gives people erections.

Where I live as well.

[katrinmi]

I've been seeing the market for the last 24 hours like this one

[HairyMaclairy]

In case you had not noticed, miners have always been happy to mine blocks large enough such that average wait tx latencies were darned near universally next-block or so. That is, until blocks became persistently full, making such performance impossible.

Who gives any shits about what miners want?  It’s irrelevant. Same as what users want.  That’s irrelevant too.

 Either they mine or they don’t.  So the incentives for mining are already built into bitcoin.   Same with users.  Either they use bitcoin or they don’t.  

Again, in bitcoin incentives are already well established from the beginning.  That’s what makes bitcoin so powerful as contrasted with the various shitcoin bitcoin wannabes.

You do realize miners vote?

1.  Miners don’t vote.

2.  If miners don’t like it, they can piss off. There’s plenty of other miners out there that would appreciate a slight hash rate drop.

[Arriemoller]

New discovery today, you peeps ever try or hear of lolli?
They give free bitcoin rewards for money I'd have spent anyway by completing purchases through their affiliate links.
They look new but fairly well represented. Today I got 3.5% back for a purchase at booking.com, ya its legit.
I thought this would be interesting to the satoshi stackers out there.  I think this is so cool and another example of innovative steps forward towards adoption.

Using this link to register will reward my account https://lolli.com/ref/JhHPRKUMNM

Ok, so I signed up, where and when do I give them my BTC address?

You must collect $15 worth of BTC before you can transfer to your address. It'll accumulate in their custody until then. Your Hodl will be here www.lolli.com/account
And this should answer most any other questions you might have. https://www.lolli.com/about#FAQ

Thanks. They don't seem to be associated with the kind of stores I usually shop from, but why not give it a try.

[Toxic2040]

0420 wall report at 0428

bitcoin is looking to extend gainz with a higher high on the daily chart and a possible above the cloud closing bell on the 3day chart. Support levels continue building at the $5kish area as auxiliary units are brought up from the fob at $4.77k  Further support is needed in the $5.25k range if we are to have any chance of reaching the escarpment at $5.5k and the plateau that lies beyond. #dyor

#stronghands

[JayJuanGee]

You're the guy who used to refer to bitcoin as "segwit coin" remember?

What of it? I stand by the statement. Do you find the disambiguation as 'SegWit Coin' perjorative? Are you embarrassed by SegWit? I maintain that the term 'SegWit Coin' is a useful disambiguation which makes it quite clear that one is referring to the BTC fork of Bitcoin. Though, admittedly, some (quite a few, actually) silly insecure ninnies got their panties in a bunch over my use of the term. To appease such snowflakes, I have more recently been using the term 'Bitcoin Core', which still provides the same disambiguation, while reducing the incidence of [~triggering intensifies~].

Obviously I'm not embarrassed about SegWit because I don't feel the need to deride bitcoin by calling it 'segwit coin'.

If you're 'just fine with SegWit', then why does my referring to BTC as 'SegWit Coin' make you so upset?

As I clearly stated, I was not doing it to deride, but rather to disambiguate. But I guess you missed that in your rush to outrage.

Bitcoin No doesn't need no disambiguating.