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2141  Economy / Speculation / Re: Automated posting on: January 21, 2016, 02:39:41 PM

I had to reindex the blockchain to be able to examine old transactions and due to a design decision that is annoying but that I can sympathize with, that makes the data unavailable until it completes and it was taking a long time so I disabled the widget. I think it should be done now though.

Edit: Nope, still rolling.
2142  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2016, 07:09:13 AM

u short bro?



Hodling for life. Expecting a rough ride and fiat cannons on standby though. It's likely going to get like Mad Max up in here before the year is through.
2143  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2016, 06:36:40 AM

Eventually yes, that would happen. Not right away because there is a lot of headroom of spam, crap, and low-value uses that will be forced off, ensuring that capacity is available, allowing ample time for improvements in capacity and throughput.



Fees rise, transactions stall, businesses, suddenly providing poor user experience go into reverse adoption. Nothing happens for months and months since there is no room for growth and then the halving happens, miners switch off and our transaction volume drops to 1/3 or less because you can't compensate for slower blocks by increasing the transactions per block and difficulty moves out to 30 days and then longer as declining value causes more miners to switch off.

This is the scenario without 1MB blocks and some complicated fix slated for 2017 (an eternity in internet time). I'm confident a fix will be applied but it's now too late to avoid a lot of people being hurt. This is not an argument for bigger blocks any more, it's a straight-up prediction. Buckle up.

2144  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2016, 12:34:43 AM

I think I'm done arguing. It just has to play out now.

(I was actually going to use that word but couldn't remember it exactly.)
2145  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2016, 12:34:03 AM


Thanks. I wasn't on LSD. I was just describing an acid trip I had in the past, freediving off the big island of hawaii. I think people got confused about this in the chat.

 Embarrassed

Maybe he still is freediving in Hawaii and hallucinating the chat.
2146  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2016, 12:24:01 AM
Blocks are full. Let's see what happens.

https://www.reddit.com/r/btc/comments/41whvw/maximum_of_transactions_second_that_bitcoin_can/cz5v60m
2147  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 20, 2016, 10:20:56 PM

https://statoshi.info/ is a great start for some inspiration.

I think the blocks received vs blocks sent has interesting implications for complaints of how bandwidth intensive it is to run a node. Having to forward everything to 8 other nodes, my arse.

https://statoshi.info/dashboard/db/blocks
2148  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 20, 2016, 10:03:21 PM

Exactly. I'd love to run a full node and did for a while, but Bitcoin QT just sucks ass. More energy should be put into developing a wallet that is also a full node, which would make it nice to run instad of a pain.

I actually believe the full node should run in the background as a service and you should never see it. Fire up the wallet and bam, your ready to go.

I think the user experience of running a node has more to do with why people don't run it than disk space issues. If Luke-jr would quit dumpster-diving 486s, we might start getting somewhere.
2149  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 20, 2016, 09:55:53 PM

Thanks for any help that can be provided. I'm trying to wrap me head around the market implications and how to properly proceed with coin storage. Or should I just convert to fiat with money ready to be wired to exchanges to buy? The delay concerns me, as markets move fast. If only there was a more expedient option.

It gets more complicated also.

It's quite possible (even likely) that a transaction you create from either wallet could end up leaking onto the other chain and get mined into a block. So if you send me some bitcoins on wallet #1 and Coinbase some on wallet #2, you might end up sending both to me or Coinbase.

So it turns out that you have to have a transaction that gets on one chain but not the other. Typically this would be by ensuring it got mined into a bigger block (so that the small block chain would reject it). How this is done is left as an exercise to the reader but it would quite likely involve sending to yourself until it happened.
2150  Economy / Speculation / Re: Automated posting on: January 20, 2016, 09:47:32 PM

What this means is that some blocks which appear to be 75% full are, effectively 100% full. This skews the averages. I'm not going to have ChartBuddy change the way he calculates the averages but I am going to have him mark them in the dots. I think purple will be the color to use.


Sorry, bug in the last couple of widgets that meant non-75% blocks were showing up as purple and 75% not showing up at all (average indications not affected). Fixed now.
2151  Economy / Speculation / Re: Automated posting on: January 20, 2016, 07:32:10 PM




Having studied the data for another project, it has come to my attention that some of the miners out there are still mining with a 750k soft-limit.

What this means is that some blocks which appear to be 75% full are, effectively 100% full. This skews the averages. I'm not going to have ChartBuddy change the way he calculates the averages but I am going to have him mark them in the dots. I think purple will be the color to use.

Additionally, someone seems to be mining with a 250k soft limit. I don't know what to make of that and I'm not going to add any processing for it but just thought I'd note it out of interest.
2152  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 20, 2016, 05:10:20 PM
This doesn't merit a thread of its own, so here in the "lounge" it goes:

Is it possible to implement 2 MB blocks in different, incompatible ways? If, say, Bitcoin Classic got the support needed to trigger 2MB production to start, and Core also switched to 2MB blocks, could they still be incapable of operating on the same blockchain? I'm not saying it's likely to be done if possible, just curious.

I think you'd have to work hard to do it. Though I think the party line from Core is to push Segwit as if it is an actual block size increase so that might count.
2153  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 20, 2016, 05:07:54 PM

this is all a moo-point, core has a Segregated Witness.  Cheesy

2154  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 20, 2016, 05:06:34 PM
2155  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 20, 2016, 05:02:38 PM

probably why hearn is out.. oh well.. he was the one pushing for 'blockchain blacklists' .

Unlike Luke-jr who just went ahead and implemented them.
2156  Bitcoin / Pools / Re: [1500 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: January 20, 2016, 04:59:19 PM
So it sounds like I need to be running a separate bitcoind for p2pool. Does it work well with a pruned blockchain?
2157  Bitcoin / Pools / Re: [1500 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: January 20, 2016, 02:58:10 PM
I think the thing keeping people away from p2pool is the variance. It's kind-of a self fulfilling thing though since it would be better with more hashrate.

I don't think there's a good way of doing much about it without making p2pool look more like a regular pool. Possibly more publicity about being able to mine on p2pools that are already set up...

It is what it is though. Still my favorite pool.
2158  Bitcoin / Pools / Re: [1500 TH] p2pool: Decentralized, DoS-resistant, Hop-Proof pool on: January 20, 2016, 02:52:04 PM

In the log I noticed:
Code:
Testing bitcoind RPC connection to 'http://127.0.0.1:8332/' with username ''
So I went back and set rpcuser='' in bitcoin.conf
And I ran p2pool again this way:
Code:
run_p2pool.exe -a myrichwalletiwish youwish
And still it didn't work. So I went back to a normal pool, because I have other things to do today.........

It's not really helpful but it just works for me. It grabs the rpc credentials from bitcoin.conf. Are you running it as the same user? (Wait, I see you're using Windows so you probably are)
2159  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 20, 2016, 01:33:19 PM
I've gone from being confused about opt-in RBF to sort of indifferent. Theymos may have seduced me with his charms tho.

You may wish to ponder his assertion that it is unlikely that anyone will customize a client to provide pushbutton 'rescind payment' abilities. If we have learned anything about script kiddies, it is that there are plenty who destroy only for the lulz of watching the world burn.

Indeed, one of the core devs has already done it for zero conf. (That's Peter Todd for those not following)
2160  Economy / Speculation / Re: Automated posting on: January 20, 2016, 01:31:41 PM

Hate to bust your chops on this, but that would be 'dogs and cats... _living_ together...'

https://www.youtube.com/watch?v=O3ZOKDmorj0

Hence points off. The other parts didn't match either.
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