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1841  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2016, 12:58:22 AM
i

am

flipping

out.
1842  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2016, 12:56:14 AM
I think I finally understand the true nature of this controversy: Smallblockers are Jacobites.

A little background:  Jacobites are those that claim that the Royal Family of England are not the true heirs because somewhere way back, the rules of succession were not properly followed and the Elector of Hanover was crowned king mainly because he wasn't Catholic.  Jacobites are correct, but what they don't seem to understand is that it doesn't matter at all.  At this point in history nobody is going to take the crown off of Lizzy and plop in onto Prince Alois of Lichtenstein or whoever. Not. gonna. happen. Rules of succession were made to ensure orderly transition of power, not the other way around.

In our version,  Smallblockers think that non-core code is by definition not Bitcoin. So if the miners adopt Classic (or whatever), that network of miners, nodes, exchanges, wallets, etc is no longer Bitcoin.  AGAIN, that may be literally true (if you accept that definition) but it won't matter at all.  The true definer of consensus is reality.  Will that network be viable? I don't know the answer to that, but it is virtually certain that the jacobite (Core) fork will not.  Hashpower secures the network.


your ability to relate anything to bitcoin's current situation is amazing.


anyway,

i was trying to explain the situation to my dad, and he kept bugging on " everyone will just stick to Bitcoin the original  if there's no consensus. " i didnt have time to finish the convo i had to run out the door, but here what i will tell him tomorrow.

"
that is not what will happen
forget it, "Bitcoin the original" doesn't exist even today.
either we all come together ( segwit + 2MB ) and call it bitcoin with Core as the "government"
or there will be a fork, and each impl will change in their own way.
there is no "original" there is only 2 new coins Core and Classic
each with their own hashing power, each with there own new impls.
this should be avoided, but at this point miners are on the brink.
I know you like the Idea of bitcoin being the "Backbone" to a second layer, but >80% of the hashing power disagrees.
I for one will not fallow Mr Blue hair and BS BlockStream team ( whose president is nowhere to be found -_- )
maybe i'm going nuts! ( it wouldn't be the first time, and it sure as hell won't be the last )
but i think it would be prudent to make damn sure ALL your coins are under your control, incase the fork happens tomorrow.
"



i'll add that bitcoin being the backbone to a second layer, is still on the table with Classic, its simply that Classic recoingizes three things Core does not.

1) a miner block size increases to 2MB is valid as it is perfectly acceptable with today's network overlay "
2) there is no second layer yet
3) limited block space ultimately does not lead to higher fees for miner, simply less useage. ( you can sell pizza's for 1000$ by limiting the number of pizza you produce, it doesn't matter how tasty your pizza is )
1843  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2016, 12:46:21 AM
I think I finally understand the true nature of this controversy: Smallblockers are Jacobites.

A little background:  Jacobites are those that claim that the Royal Family of England are not the true heirs because somewhere way back, the rules of succession were not properly followed and the Elector of Hanover was crowned king mainly because he wasn't Catholic.  Jacobites are correct, but what they don't seem to understand is that it doesn't matter at all.  At this point in history nobody is going to take the crown off of Lizzy and plop in onto Prince Alois of Lichtenstein or whoever. Not. gonna. happen. Rules of succession were made to ensure orderly transition of power, not the other way around.

In our version,  Smallblockers think that non-core code is by definition not Bitcoin. So if the miners adopt Classic (or whatever), that network of miners, nodes, exchanges, wallets, etc is no longer Bitcoin.  AGAIN, that may be literally true (if you accept that definition) but it won't matter at all.  The true definer of consensus is reality.  Will that network be viable? I don't know the answer to that, but it is virtually certain that the jacobite (Core) fork will not.  Hashpower secures the network.


your ability to relate anything to bitcoin's current situation is amazing.


anyway,

i was trying to explain the situation to my dad, and he kept bugging on " everyone will just stick to Bitcoin the original  if there's no consensus. " i didnt have time to finish the convo i had to run out the door, but here what i will tell him tomorrow.

"
that is not what will happen
forget it, "Bitcoin the original" doesn't exist even today.
either we all come together ( segwit + 2MB ) and call it bitcoin with Core as the "government"
or there will be a fork, and each impl will change in their own way.
there is no "original" there is only 2 new coins Core and Classic
each with their own hashing power, each with there own new impls.
this should be avoided, but at this point miners are on the brink.
I know you like the Idea of bitcoin being the "Backbone" to a second layer, but >80% of the hashing power disagrees.
I for one will not fallow Mr Blue hair and BS BlockStream team ( whose president is nowhere to be found -_- )
maybe i'm going nuts! ( it wouldn't be the first time, and it sure as hell won't be the last )
but i think it would be prudent to make damn sure ALL your coins are under your control, incase the fork happens tomorrow.
"

1844  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2016, 12:19:09 AM
AHAHHAHAHAHA

were all gana die!!!!!!!!!!
1845  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2016, 12:12:58 AM

1846  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2016, 11:58:21 PM
i sent another buck in my wishing well

https://blockchain.info/address/1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm

2 cent tx fee

Broadcast after 399882 (so that we can have a measurement when it gets in).

Included In Blocks   399890

so 8 blocks for 2 cents

and a yet to be determined number of blocks for 1 cent


not bad.
1847  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2016, 09:47:34 PM
i sent another buck in my wishing well

https://blockchain.info/address/1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm

2 cent tx fee

2$ thats what 8 wishes?
1848  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2016, 09:39:44 PM
dont worry when we fork off, your 1MB block will be more then enough.
1849  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2016, 09:38:09 PM
block height 399880  Cry
1850  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2016, 09:23:22 PM
https://www.youtube.com/watch?v=rYEDA3JcQqw
1851  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2016, 09:11:35 PM
next up i will pay for a sex toy with a tx that will never confrim, and have it shipped to blockstreams office
1852  Economy / Speculation / Re: Automated posting on: February 24, 2016, 09:07:13 PM

https://blockchain.info/address/1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm

if this dont work ill send it with a 5cent fee.

current block height 399867


block height 399878

0 confirmations
1853  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2016, 08:54:35 PM
president of blockstream

I'll just slowly back away from blockstream before it implodes
1854  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2016, 08:45:56 PM
the sooner we get these clowns to get the fuck out the better.
1855  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2016, 08:39:05 PM
1856  Economy / Speculation / Re: Automated posting on: February 24, 2016, 08:26:44 PM
LOL, just withdrew some BTC from an exchange, they are paying 0.00015936 XBT = $0.0924195 CAD per tx. just got 2 confirmations in like 2 minus.
Blocks are only full if your are not paying almost $0.10 per transaction.

We don't need to guesstimate:

From cointape.com, based on what is happening:

1-10   satoshi per byte = from 7 blocks to infinity.
11-20 satoshi per byte = from 2 blocks to 28   
21-30 satoshi per byte = from 0 to 5 blocks
31-40 satoshi per byte = from 0 to 2 blocks
41-50 satoshi per byte = from 0 to 1 blocks

10 satoshi per byte = 0.011$ per 258byte tx
20 satoshi per byte = 0.022$ per 258byte tx
30 satoshi per byte = 0.033$ per 258byte tx
40 satoshi per byte = 0.044$ per 258byte tx
50 satoshi per byte = 0.055$ per 258byte tx



it's OK tho, when LN comes out fee will go right back to 1cent, because it will relieve a lot of pressure from the blockchain

thats the plan right?

LOL

their plan is so full of contradictions
1857  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2016, 08:18:03 PM
1858  Bitcoin / Bitcoin Discussion / f2pool not supporting roundtable was Re: 「魚池」BTC:270 Phash/s - LTC:500 Ghash/s - New Server in U.S. stratum-us.f2pool.com on: February 24, 2016, 08:15:04 PM
Announcement: We will withdraw support from February 21’s roundtable consensus, unless Adam Back gives us a reasonable explanation why he quietly changed his title from Blockstream President to Individual at the very last moment — without anybody noticed. We feel we’ve been cheated. I don’t know how we can trust Blockstream anymore in the future.

More BS:

Quote
" Thankfully we at Blockstream are given the freedom to speak and act as individuals on this matter. Even Adam is attending as an individual, his signature not carrying the weight of representing Blockstream in this instance.
I cautioned against going and was not in the room (I feel this meeting was antithetical to Bitcoin and no good outcomes were likely) so I only know second hand like you what was or was not said. But regarding the "consensus" document that was posted on medium, no I am not on board with that outcome."~ maaku7

https://www.reddit.com/r/Bitcoin/comments/46po4l/we_have_consensus_in_april_we_get_sw_3_months/d07gqic

dose he want segwit or not?

WTF is wrong with these poeple.


ok lets do it, i'm with you

lets move on.

1859  Economy / Speculation / Re: Automated posting on: February 24, 2016, 08:07:47 PM

3% left over why why is my TX not included



lol
1860  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2016, 08:02:35 PM
More BS:

Quote
" Thankfully we at Blockstream are given the freedom to speak and act as individuals on this matter. Even Adam is attending as an individual, his signature not carrying the weight of representing Blockstream in this instance.
I cautioned against going and was not in the room (I feel this meeting was antithetical to Bitcoin and no good outcomes were likely) so I only know second hand like you what was or was not said. But regarding the "consensus" document that was posted on medium, no I am not on board with that outcome."~ maaku7

https://www.reddit.com/r/Bitcoin/comments/46po4l/we_have_consensus_in_april_we_get_sw_3_months/d07gqic

dose he want segwit or not?

WTF is wrong with these poeple.
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