Stress test will pass, and bitcoin is going to be just fine, but it sure will piss people off like it did in previous instances. I would suggest to everyone to
simply increase tx fee when sending funds while stress testing is active. I hate the fact that you need to do so, because it's quite anoying when you are
sending smaller amounts..
Not everyone reads the latest news. I hate hearing all the complaints of long confirmation waits when these stress tests start. There's always people who haven't heard about them who are relying on fast confirmations of big transfers they were depending on. Stress testers put some people to a great deal of inconvenience. |
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How big of a deal is it if we go red again on weekly MACD?
Big deal for the $23 million in longs awaiting anxiously.  23.782 million, but who's counting? Edit: 23.825 MM I'm thinking that, despite the blocksize debate, or perhaps in spite of it, long is probably the way to go... If we didn't get cheep coinz last week then it isn't going to happen. common sense should prevail  Maybe not, buy it's doubtful we'll get expensive coins anytime soon, either. http://www.coindesk.com/us-marshals-bitcoin-auction-2015/They say it will be some time this year, but they won't want to spoil their Christmas holidays dealing with an auction so I'd say the latest it can be postponed to is early December. We've got about a three month window for it to happen between then and now. They usually give a few weeks warning beforehand so the latest they can announce it is late November. |
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Bitcoin XT is the only viable implementation of BIP 101
It is not. Any miner can make a copy of XT and remove the patches that he objects to. Or make a copy of Core and add only those XT patches that implement vote-triggered 8MB limit. If you are not a miner, you (or any programmer you trust) can make a copy of Core, simply raise the size limit to 8 MB, and start running that version any time before the fork actually happens. I'm not sure the masses of adopters are gonna do this / or even know-care about the possibility. Vanilla XT is the intended norm. I'm part of the Any miner people, I'll just use XT I can write a script but compiling code that's complicated stuff, I'll leave that to the developers. There must be developers who are nothing to do with core/XT in this community who are capable of making those modifications and compiling a wallet. If some third party developers offered a third choice then more people might adopt that than the alternatives offered by core/XT. Professor Stolfi must be capable of doing the job if nobody else is prepared to do it, or capable of doing it. There's actually nothing wrong with that. The nature of open source means that you can fork the code and change it as you wish. As long as you can get a majority to follow you that is. Anyway, I dont think we are lacking choice here, with 2 versions of core and an unknown number of XT;s knocking about. Its consensus thats needed, and as the blockstream side have gone to great lengths to illustrate - that is not going to happen. Yes but there is no choice that I know of that only involves 8MB blocks and misses out the blockstream stuff, and the gigabyte sized XT blocks. There might be some obscure XT version with only 9MB sized blocks but nobody trusts them not to start sneaking in other stuff. If there was a choice that only had the 8MB block change, and nothing else then the majority might decide to follow that even it it was by an unknown dev. |
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Bitcoin XT is the only viable implementation of BIP 101
It is not. Any miner can make a copy of XT and remove the patches that he objects to. Or make a copy of Core and add only those XT patches that implement vote-triggered 8MB limit. If you are not a miner, you (or any programmer you trust) can make a copy of Core, simply raise the size limit to 8 MB, and start running that version any time before the fork actually happens. I'm not sure the masses of adopters are gonna do this / or even know-care about the possibility. Vanilla XT is the intended norm. I'm part of the Any miner people, I'll just use XT I can write a script but compiling code that's complicated stuff, I'll leave that to the developers. There must be developers who are nothing to do with core/XT in this community who are capable of making those modifications and compiling a wallet. If some third party developers offered a third choice then more people might adopt that than the alternatives offered by core/XT. Professor Stolfi must be capable of doing the job if nobody else is prepared to do it, or capable of doing it. |
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Does Gavin still visit this forum?
nope! Gavin Andresenlurking not counted. His last post was in early April. https://bitcointalk.org/index.php?topic=1013053.msg11003988#msg11003988I liked the way he was the first dev who wasn't anonymous which helped people to start trusting Bitcoin, but I'm not keen on this XT stuff. If the XT devs and the core devs could find some middle ground it could help put people's trust back in Bitcoin. |
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No doubt the XT stuff is crashing the price, but could the worries that Agora has pulled an exit scam also be contributing to the price crash? It's been offline for a while now and some reddit threads are full of posts saying it's an exit scam. Agora must have a shit load of Bitcoins under its control.
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Agora has been offline for some time now according to various reddit threads. According to one of them the Bitcoins deposited to accounts there are entirely controlled by Agora until they are used to make purchases so an exit scam would be feasible. Only time will tell if it's really an exit scam but Agora must control a huge quantity of coins.
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The winklevii already have investors ready to buy as soon as they go live. They know alot of high power people.
I don't doubt they know powerful people but powerful people are "usually" powerful as they are fairly intelligent. Now, I am mildly semi intelligent and I know if I were them I'd buy before Gemini is launched and the price potentially rises. Why wait for the winkles? I am not sold on this Gemini exchange doing much at all to the price. Not moon bound anyway but............ I really hope I am wrong and everyone points and laughs at me. There is nothing new anymore about a regulated exchange. And with the swedish ETN the Twinkletossers ETF has lost much of it's novelty. But they somehow get all the media and all the fat cats to listen to them. Often just to point and laugh, but listen they do. Don't get me wrong. I still think a fully regulated ETF listed in NY is a big deal, just not as big as it was. And with the other exchanges, the ETN and general acceptance of BTC in financial circles, we don't need the Facepalm Bros to launch this mofo. Sorry, but you are completely wrong here saying that the Swedish ETN ruins the COIN ETFs novelty. ETNs do not = ETFs, not even close ETNs are not nearly as secure and transparent ETFs. ETFs actually hold the underlying asset being tracked and ETNs simply follow the price. This gives people much more confidence in using ETFs to earn returns versus ETNs. If the company that runs the ETN goes out of business the ETN would become worthless (ETN = unsecured debt), but with an ETF there are actual assets backing the investors purchases so they have much more security. Exactly, if the price goes lunatic and makes new ATH the company issuing the ETN could go bankrupt as they eventually have to pay those gains out of their own pockets. Which is why you should never invest in an ETN unless you know the company has a good credit rating and that the chances of bankruptcy are almost non-existent. What if the Wink's Bitcoins get stolen? Does insurance cover the loss, and is there no way an insurance company could possibly wriggle off the hook of paying? I know it's not likely but nothing's impossible, no matter how good the Wink's security is there is always a risk of theft. |
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I think it´s china burst also. And the feeling that $ burst is closer now. This october could be disastrous for the global and work wonders for BTC.
If Im correct, this could be only the very beginning
Some of us have anticipated this for years. The new world order is not corporate globalization or global government. It's global decentralized peer-to-peer consensus. The dinosaurs stuck in the last millennium will sink into the tar pits. Jimbo, could you please elaborate more about your comment and about this point as well This october could be disastrous for the global Thank you  Jimbo, a kind reminder There are several people talking about big events happening in mid September/October (other than Octoberfest). This one focusing on the "Shimitah" which is a jewish date that happens every 7 years where major things are supposed to happen. And this September is the 7th 7 year date in the cycle. Also for October there is a theory that a new reserve currency will be announced October 20th by the IMF. Certain industries were booming in 2008 right before the crash. Uncannily, certain industries are again booming to their highest levels since 2008. Usually a boom precedes a crash and it makes me wonder if there will be another soon. |
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Getting six blocks in four minutes was as inevitable as getting six blocks in an hour. Repeat the process of tossing a coin six times and eventually you will inevitably get six heads in a row. Generally the results of random events cluster near an average, but occasionally what seems to be an extremely unlikely sequence will inevitably happen. The Bitcoin protocol has seen this phenomenon frequently reoccur and will continue to do so unless the protocol is changed.
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not sure if OP is trolling, or found an article wrote by a comedian..
it looks like this news is everywhere! http://www.bbc.com/news/technology-33229424it is not that impressive either, it is not actually that small and does not fit "inside the bread" it is the same size of a bread (see the pictures) it fits in the pocket and it need to be so close to do the stealing. i'll kick the ass of whoever stands in 50cm distance of my laptop! i am also skeptical about the way it steals the keys unless i read more about it's technical stuff, and the fact that what exactly on my laptop emits those signals. Years ago people could read what was on a computer screen by decoding the RF emissions it gave out. If all they are doing is reading what's visible on a screen then I'm not that impressed,. I'm not aware of any significant RF emissions given out by CPUs but I'm impressed if that's what they are decoding. |
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Lol I think Bitcoiners are the only ones happy about the Greece drama
Probably not the Greek Bitcoiners. I thought there would be huge discussions between the Greek Bitcoiners here in the Greek section. However there are only two threads there that have been active today. I doubt they are all fluent in English. Is there a separate Greek forum popular with Greek Bitcoiners? https://bitcointalk.org/index.php?board=120.0 |
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The most probable thing is that btc price remain in the 250ish range unless some big event , I dont see no reason for the price to go down. I see 300ish soon I see someone repeatedly dumping 500 Bitcoins then buying them back in a cycle that takes us above, then below 250. What percentage of trades are real, and what percentage are fake? I think it's about 5% real, and 95% fake. Are the exchanges the ones doing the faking? |
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well crrently the negotiations put forard by the OMF are kinda breaking down with the IMF refusing to lend anymore so its likely we could see a grexit but not a move to btc and the ball is firmly in greeces corner atm Russia said they would consider helping out financially if the question arose. If IMF won't lend anymore then Russia might start lending to them. There is a Russian/Greek pipeline deal that makes it in Russia's interest to help. The pipeline would give them more influence in Europe and bring in more money to Russia. |
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That was one helluva dump, doing squat.
I couldn't believe that. We had one crappy little pump on finex, then just when I thought it was going to moon we had a 1.5k dump straight down. Is someone taking us for a ride or what? |
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The article says that Greece will probably have to "announce a bank holiday on Monday, pending the introduction of capital controls". It is not certain yet. And most of the Greeks have withdrawn their savings from the banks during the past few months, and there is hardly any money remaining in the savings accounts.
The European Central Bank has decided to keep giving Greek banks money for a bit longer, which will probably temporarily stop them going bankrupt. The money should make it possible for the Greek banks to open on Monday, although it's not guaranteed they will open. http://www.nytimes.com/2015/06/29/business/greeces-financial-lifeline-is-now-up-to-european-central-bank.html?_r=0ATHENS — As Greece’s financial crisis enters uncharted territory, the European Central Bank agreed on Sunday to continue providing life support to the country’s feeble banking system.
.....
Analysts say that without the emergency funds, Greek banks would not have sufficient money to provide to panicky savers — if the banks open on Monday, which is not yet certain. Without a continued flow of money to consumers and businesses, Greece’s struggling economy would probably lapse deeper into recession. |
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Are we gonna dip?  The stress test tomorrow might make us dip. They didn't have enough servers to run it properly last Monday and abandoned it after spending a few Bitcoins on transaction fees. They say they will be using more servers tomorrow which will let them do the full stress test. |
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It might belong to the people who stress tested the Bitcoin network last Monday. They might have used it to test how many transactions they could send in a given space of time. The earliest transactions in it are from last April when they might have been running small trials to learn how to do a Bitcoin stress test.
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All the motivation is for merchants. They avoid merchant fees. They get no chargebacks. But they're also going to get no sales (aside from enthusiasts), because consumers have no incentive to use it, whatsoever.
Where are the perks for consumers, in a situation where they're buying something with bitcoin?
I think the idea is that merchants can give a discount for using bitcoin just like some do for cash. I know that Amagi Metals gives people who pay with bitcoin their "cash" price while people who pay with credit cards pay a higher rate. So the trick is how merchants encourage customers to use, if they do I think many will. But otherwise you, and many other posters, are correct, there is no intrinsic advantage of bitcoin over other payment systems for consumers. If chip and pin terminals start getting hacked then Bitcoin will have an advantage over debit cards. There are already skimming devices that people attach to ATMs, and these have made me wary of using any ATM outside a bank. If I could choose to use a Bitcoin ATM on the street I would prefer it over a normal cash ATM on the street. |
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