Crypto Talent

[MarkBrown]

Transactions that are 'delayed' or 'not confirmed' are the ones we are talking about.

every time i traded a new york market i set around for an hour waiting on my fill which would come back unfilled if it moved my way or definitely filled if it moved against me.

i have had bond market closes which were profitable on a friday to come in and find out the settlement was 2 full points against my position on monday morning.

i mean i can list 10,000 fucking's i got with chi town and ny exchanges, so give it a rest on crypto - you have never seen a better market transaction than blockchain can give you.

all your doing is painting a picture that you're behind the times and disgruntled you missed the boat.

spend your time learning and not so much bitching.

 

[guest_trader_1]

every time i traded a new york market i set around for an hour waiting on my fill which would come back unfilled if it moved my way or definitely filled if it moved against me.

i have had bond market closes which were profitable on a friday to come in and find out the settlement was 2 full points against my position on monday morning.

i mean i can list 10,000 fucking's i got with chi town and ny exchanges, so give it a rest on crypto - you have never seen a better market transaction than blockchain can give you.

all your doing is painting a picture that you're behind the times and disgruntled you missed the boat.

spend your time learning and not so much bitching.

The boat hasn't left, it is still there. Anyone can buy Bitcoin today, and don't make that beginner mistake of thinking that because I don't have Bitcoin I don't own any other coin. I know that the sect of Bitcoin can brainwash you to think that you are the chosen ones, but you are just 'another ones', never forget that.

 

[GlobalMacro90]

https://www.investopedia.com/tech/bitcoin-lightning-network-problems/

This article points some of the problems of the lightning network as well as it mentions the scalability problem of the Bitcoin network, again.

Just so we are all on the same page.

again tho I really wouldn’t call it a scalability problem. It’s a known trade off for rock solid security. The security will be way more important over the long run.

The sacrifice, less transactions per block, can be worked around (that’s what layer 2 are for)

This was already fought over years ago. The bitcoin cash fork is the result of some people insisting the block size needs to be increased (so more transactions can happen).

That experiment failed. Bitcoin cash has a fraction of the network, value, market cap, etc as bitcoin. In the long run, the security should be prioritized. It was the right decision.

 

[johnarb]

Transactions that are 'delayed' or 'not confirmed' are the ones we are talking about. Those transactions can increase the settle time wildly, adverb used by them, not by me. I don't have an exact transaction to point, and you guys are going to call me off on that, but can point to the support page that address the issue:

https://support.blockchain.com/hc/en-us/articles/217116406-Why-hasn-t-my-transaction-confirmed-yet

A standard disclaimer page is your comeback? lmao

You cannot point to a particular transaction because it does not exist

The Bitcoin network has been processing transactions with fees as low as 1 satoshi per byte, let that sink in for a minute

Why do you think Pekelo has shut up about Bitcoin fees for many many months?

Now, you can send a no-fee transaction on the Bitcoin network and if a Bitcoin miner picked it up as charity, you're in luck, otherwise, it gets returned to your sending wallet after ~2 days

-----------------------------------

PS: you're still poor and I'll keep reminding you of that pain, angrytrader BWAHAHAHAHAHAHAH

 

[savoir]

It's a meme. I think udi wertheimer popularized it on CT. It's the final salvo when a btc maxi realizes educating a no-coiner is fruitless and that they are in reality dis-ingenious and are a never-coiner.

Obviously it’s a meme. I think johnarb did a good job explaining it. Your jargon-filled post adds nothing of value and only reveals a smug arrogance.

 

[Statistical Trader]

Obviously it’s a meme. I think johnarb did a good job explaining it. Your jargon-filled post adds nothing of value and only reveals a smug arrogance.

To each, their expertise.

To be honest, I think I was one of the last humans on earth to learn what a "meme" was several years ago and I didn't know that what @johnarb said was a meme while reading this thread until @Sprout said it. I hadn't heard of Udi Wertheimer before either.

En tout cas, j'aime votre nom, @savoir.

 

[johnarb]

again tho I really wouldn’t call it a scalability problem. It’s a known trade off for rock solid security. The security will be way more important over the long run.

The sacrifice, less transactions per block, can be worked around (that’s what layer 2 are for)

This was already fought over years ago. The bitcoin cash fork is the result of some people insisting the block size needs to be increased (so more transactions can happen).

That experiment failed. Bitcoin cash has a fraction of the network, value, market cap, etc as bitcoin. In the long run, the security should be prioritized. It was the right decision.

Running an Umbrel node gets you a Bitcoin node and a Bitcoin Lightning Network Node. All the software is free. I run it on a NUC running Linux and it comes with many tools

One of those tools (apps) is your very own blockchain explorer, called Mempool

If you run an open-source Lightning wallet on your phone you can connect it to your own Umbrel node. Everything runs on TOR so your ISP cannot see or censor your traffic or transactions

I use BlueWallet

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Anyway, I was so focused on the fees, I forgot that the angrytrader's lie has been exposed on several of the screenshots I posted

There were several blocks that have not been full, meaning all transactions on the mempool were included in the last 3 Bitcoin blocks (for example on this screenshot)

The current pending block is full and if you want to be included, you'll need to pay 3 satoshis/byte to bump someone out to the next block

Or just configure for 1 satoshi/byte and wait for 2 blocks

The exchanges were part of the problems in the past (ca 2017) when they were not sending transactions in batches and would have saved fees, too, plus there have been upgrades on the Bitcoin software that made it more efficient


https://blog.coinbase.com/coinbase-rolls-out-bitcoin-transaction-batching-5f6d09b8b045


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Don't trust but verify

PS: angrytrader is a poor, brokeass, loser angry trader,

 

[MarkBrown]

Running an Umbrel node gets you a Bitcoin node and a Bitcoin Lightning Network Node. All the software is free. I run it on a NUC running Linux and it comes with many tools

One of those tools (apps) is your very own blockchain explorer, called Mempool

If you run an open-source Lightning wallet on your phone you can connect it to your own Umbrel node. Everything runs on TOR so your ISP cannot see or censor your traffic or transactions

can you run that on a thumb drive if so i would be your first customer!

 

[johnarb]

can you run that on a thumb drive if so i would be your first customer!

You can!!

https://getumbrel.com/

But that's just the storage part. You need a processor, many are buying the Raspberry Pi kit

Personally, I'd recommend buying a cheap laptop on ebay or any old laptop or desktop you have lying around and put a 1TB (or larger) SSD on it, run Linux and get the software from their github repo

All the updates can be done on the gui

There are some interesting applications besides the Bitcoin stuff, like your very own dropbox server (cloud storage server called NextCloud) and also Pi hole for security (DNS)

I don't run either one as I have my own solutions for those things

 

[Trader Curt]

I think i'm just going to leave this here.

On the chart the Yellow line represents the Dollar index (DXY) and the red and green candles are Bitcoin. The vertical green lines are when the dollar was rejected and took a plunge.

Very interesting.