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1561  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 26, 2016, 05:26:14 AM

.....

its a very complex issue.... with no clear cut right answer.

+1

This I can agree with.  I have read and read as much as I can, but all I can conclude is that I don't know the right answer.

Try to see if you can find a single good argument against SegWit or LN. Free instant transactions sound terrible right?
Now put yourself in the miners shoes, where you just invested millions in these mining farms and the only way you make money is by mining blocks. Bigger blocks = more money. Now i wonder why would miners want unlimited blocks hmmmm  Angry
1562  Bitcoin / Bitcoin Discussion / Re: New SegWit stats? on: November 26, 2016, 05:17:06 AM
I still don't understand why there are some people opposed to the SegWit implementation. Isn't it something that will make the Bitcoin ecosystem better? What are the arguments against this? Could it take more than a month for the consensus to be reached?

Let me try to explain it the way I see it. The problem the Chinese have with Segwit, is not so much with Segwit itself but with what will happen after Segwit. The Chinese are afraid that the side-chains the core devs are working on will take money out of their pockets by reducing the number of potential transaction fees in the future. So by blocking Segwit, they are blocking side-chains like lightning network. The Chinese want bigger blocks to collect more money in fees in the future. At least this is what I think, maybe I am wrong or maybe someone can explain it better.


Yes that times a million. Its a business which they've literally invested millions into. If the block size is limited = their profits are limited. Thats why they want unlimited blocks  Angry
i'm yet to hear a single good reason against SegWit
1563  Bitcoin / Bitcoin Discussion / Re: [News]WHY AGAINST SEGWIT AND CORE? Mining investor gives his answer on: November 25, 2016, 07:18:09 PM
how can you claim to know what the majority want?

even people that love core want dynamic blocksize. the only argument they can come up with though is that they would only TRUST gmaxwell to write the code for it. they are even screaming to tell the community that core never said no to a increase of the base blocksize, they just waiting for gmaxwell who proposed a dynamic blocksize LAST YEAR!

afterall the altcoin dooms day myth has been busted. all that will happen is an elevation of possible orphan rate due to how small or large the minority is (hense 95%+ acceptability to implement). making under 5% (under 250 of 5000 nodes) not sync and need to upgrade.

afterall the bloat doomsday myth has been busted. 4mb bloat is acceptable

so the solution/compromise is obvious. core tweak their segwit code to 2mb base 4mb weight.. call it 0.13.1b release it alongside 0.13.1 and let the community choose to download either 0.13.1 or 0.13.1b

atleast if everyone happily downloads 0.13.1b segwit also gets activated by default too.
if there is no desire of a jump in base block.. then no one will download 0.13.1b and it wont activate. meaning no harm either fanboys just download 0.13.1 instead

but simply preventing even letting the community have the release to even have a choice under their 'trusted' brand they wont run away from. is no longer the right course of action

then. when activated and we have more REAL capacity because the buffer has increased. that gives alot more time to code new features instead of these stupid delays

Personally I'd like to see some research on what effect 4mb weight blocks would have on further centralization, but that's what i foresee most likely to happen. If 0.13.1 won't get enabled, bump up blocks to 2MB+segwit and let people vote on that.
1564  Bitcoin / Bitcoin Discussion / Re: [News]WHY AGAINST SEGWIT AND CORE? Mining investor gives his answer on: November 25, 2016, 07:07:59 PM
main community wants segwit!

who are you referring to?

the poeple from the censored forms?
node count?
hashing power?

how can you claim to know what the majority want?

Are you asking me or franky1? Let me highlight the important parts that you cut out from my quote to make it seem out of context

Only problem is that big blockers realizes that even 20MB blocks cannot accommodate the transaction volume they speak of, nor does it solve 10min confirmation time. So other layers must be implemented which cannot (efficiently) be done without segwit. So they're just trying to hold segwit hostage.

holding it hostage??
um... like core not coding something so holding the other bip hostage by not even having a release available. which is far more hostile then having code released but people choose not to use it.

also are you presume bitcoin is going to jump in utility by a factor of 20, in days, weeks, months, years..?
seems your opinion is that its going to jump in days-months and so your upset that bitcoin cant cope.. yet RATIONALLY bitcoin utility will grow over YEARS and in those YEARS larger blocks would be happily relayable.

the main community is not saying jump to 20mb in weeks-months. its instead asking for a rational growth over rational time without having to beg devs "can i have some more" every couple years. by allowing the growth to be dynamic and not controlled by a team of people paid by banks.

its also worth looking at the bait and switch proposals and who actually proposed them, to then realise that it was done to scare people into loving core



If a space on a distributed blockchain costs only $0.01 i might use it as a notepad to store my reminders. e.g. if it's free (or almost free) to spam i can't imagine mempool being empty again, regardless of the size of a block.

Quote
by allowing the growth to be dynamic
Yes sure why don't we introduce this HUGE attack vector into BTC? Sounds like a good plan. No one in their right mind would allow this. How big should a block be to handle Visa volumes?

I like your assumptions of the desires of "main community". I can do that too, main community wants segwit! There is a group that proposed Classic/XT/BU which was/is rejected by the main community. Now there is a proposal for segwit, yet there is a group that is blocking it. So what are the options? Main community must agree with BU minority or otherwise no one gets segwit?
1565  Bitcoin / Bitcoin Discussion / Re: [News]WHY AGAINST SEGWIT AND CORE? Mining investor gives his answer on: November 25, 2016, 06:35:43 AM
Only problem is that big blockers realizes that even 20MB blocks cannot accommodate the transaction volume they speak of, nor does it solve 10min confirmation time. So other layers must be implemented which cannot (efficiently) be done without segwit. So they're just trying to hold segwit hostage.

holding it hostage??
um... like core not coding something so holding the other bip hostage by not even having a release available. which is far more hostile then having code released but people choose not to use it.

also are you presume bitcoin is going to jump in utility by a factor of 20, in days, weeks, months, years..?
seems your opinion is that its going to jump in days-months and so your upset that bitcoin cant cope.. yet RATIONALLY bitcoin utility will grow over YEARS and in those YEARS larger blocks would be happily relayable.

the main community is not saying jump to 20mb in weeks-months. its instead asking for a rational growth over rational time without having to beg devs "can i have some more" every couple years. by allowing the growth to be dynamic and not controlled by a team of people paid by banks.

its also worth looking at the bait and switch proposals and who actually proposed them, to then realise that it was done to scare people into loving core



If a space on a distributed blockchain costs only $0.01 i might use it as a notepad to store my reminders. e.g. if it's free (or almost free) to spam i can't imagine mempool being empty again, regardless of the size of a block.

Quote
by allowing the growth to be dynamic
Yes sure why don't we introduce this HUGE attack vector into BTC? Sounds like a good plan. No one in their right mind would allow this. How big should a block be to handle Visa volumes?

I like your assumptions of the desires of "main community". I can do that too, main community wants segwit! There is a group that proposed Classic/XT/BU which was/is rejected by the main community. Now there is a proposal for segwit, yet there is a group that is blocking it. So what are the options? Main community must agree with BU minority or otherwise no one gets segwit?
1566  Bitcoin / Bitcoin Discussion / Re: [News]WHY AGAINST SEGWIT AND CORE? Mining investor gives his answer on: November 24, 2016, 08:37:20 PM
...
Standard fallacy by misguided and/or delusional people.

The problem is far more complex that what you tend to show. There are currently two (primary) implemented proposals for on chain scaling:
1) Segwit via soft fork (Core).
2) Block size increase via hard fork (maximum 16 MB) (BU).

Okay, so the BU crowd wants to scale via a hard fork. But why this specific proposal? There are other, much more reasonable ones (e.g. the one with 17% yearly growth) that could work. I am in support of a hard fork post-Segwit, but I'm surely not going to support random node operators voting on these limits up to an absurdly large limit (16x higher than what is currently available).

Only problem is that big blockers realizes that even 20MB blocks cannot accommodate the transaction volume they speak of, nor does it solve 10min confirmation time. So other layers must be implemented which cannot (efficiently) be done without segwit. So they're just trying to hold segwit hostage.
1567  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 24, 2016, 06:57:34 PM
The bear is coming. Run for your lives.

unfortunately i agree

market understands now that segwit wont come

If it doesn't come because of opposition from the bigblockers, then this makes it apparent that they are not really interested in scaling and they probably never were. They just used scaling as an excuse for attempting a governance coup. So when scaling solutions were presented they didn't go with it and instead pretended to be dissatisfied opting for something else.

the explanation is much easier than this: pride.

the chinese miners have been humiliated in public with the breach of the HK-2MB-agreement and now maxwell and others expect them to cooperate? it would be seen as a public bowing infront of folks that insulted and betrayed them publicly for the last 12months. i remember here especially LukeJr that said some pretty nasty things about the chinese mining operators. so even if you look at it from an western perspective you should be easily able to understand why after all this fuck-up they refuse to cooperate. and if you go one step further and are able to understand asian culture you will even more be able to understand why (after the breach of the HK-agreement and the open insults) they are basically not able to activate segwit.

pride is some strong motivation.

even in greece.  Grin


yeah that might be a problem. People digging in their feet for their agenda instead of what's good for BTC. Yeah segwit is great but we won't let it happen because we're upset, i doubt they'll get much empathy from the community that way
1568  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 24, 2016, 09:54:11 AM

Nah 2012 passed and we all lived through it
1569  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 23, 2016, 10:06:47 PM
This frustrating  Embarrassed

I know for sure that if I sell it will go up
and if I hold the price will go down

 Grin Grin
 

Then sell damn you. Take a bullet for the rest of us. We promise to remember you as the geekiest sacrifice
1570  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 21, 2016, 10:40:26 PM
Hello Mr BTC2500 ask wall @ $740 on Finex. Wait are we still doing this wall thing?

Currently, I see 2,611 BTC at $740 on bitfinex.  Will be interesting to see how long that wall lasts, and whether it gets eaten into, pulled or causes a price reversal.
Most likely will be pulled once refueling expectations have been met.

POOF aand pulled
1571  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 21, 2016, 10:16:28 PM
Hello Mr BTC2500 ask wall @ $740 on Finex. Wait are we still doing this wall thing?
1572  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 21, 2016, 08:06:17 AM
China currency keeps devaluing. So i guess Trump was better for BTC.


Make Bitcoin Great Again!!!!

not until I see bitcoin price up

price up = price>$1200

fine i agree
1573  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 21, 2016, 06:24:18 AM
China currency keeps devaluing. So i guess Trump was better for BTC.


Make Bitcoin Great Again!!!!
1574  Bitcoin / Bitcoin Discussion / Re: New SegWit stats? on: November 20, 2016, 02:18:58 AM
Anyone keeping track of the pool's official position on segwit? Like AntPool, F2Pool, BTCC Pool etc..? Are they just waiting to implement it or do they oppose segwit?
1575  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 18, 2016, 07:25:06 PM
I have to admit I'm surprised most of you are still here. Nobody thinks this is the top yet? Really?

Not if segwit gets voted on, right away. Popcorn time

It will but it has the time left in till september 2017 to gather confidence in what the collectivity may wish to view it as. Judging by how the industry and markets love extremes, Id make an assumption that consensus will come within the last days if not hours of the activation window. If not supported by 90 percent of miners within a 14 d timespace sometime between now and early fall 2017, then RIP.

I'm speculating that if we don't get say 50% in first weeks, the market will be disappointed
1576  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 18, 2016, 05:47:22 PM
What's happened to the OP?

Quote from: adam last seen
September 14, 2016, 11:30:17 PM


Hi kidnapped two kids and is now being hunted by the feds*

*Or so i heard
1577  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 18, 2016, 05:28:49 AM
Nonetheless, despite a multitude of vocal opposition to seg wit, I really think when push comes to shove, these folks (such as mining nodes) are not going to be so stupid as to sabotage their own prosperity and to continue to support any kind of opposition to seg wit, with stupid-ass, contradictory, technically inadequate, fundamentally dangerous and largely baseless objections to a largely non-controversial implementation.

Relying on folk to not be stupid doesn't sound like a great formula for success. Forces in war have continued fighting long after it was obvious to everyone they had lost - and they were staking not merely their money but their lives.

We don't need you elitist logic.

MAKE BITCOIN GREAT AGAIN!!!!


T -17
1578  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 18, 2016, 02:26:17 AM
I have to admit I'm surprised most of you are still here. Nobody thinks this is the top yet? Really?

Not if segwit gets voted on, right away. Popcorn time
1579  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 17, 2016, 02:31:47 AM
LOL at whoboy's BTC14k 1min btc candle without moving the market at all too funny
1580  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 16, 2016, 11:45:39 PM
WTF is going on???

Segwit should be voted in by end of year, then Lightning Network will solve all of out problems. Oh yeah and China devaluation also helps out with the price.

Make Bitcoin Great Again Cheesy
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