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1  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 12, 2016, 05:05:45 PM
Yes, Core nodes are losing ground slowly to bigger-blocks nodes: now around 66% Core in the node sphere.

Of course, nodes don't really matter much in this case. Only 4.4% of the last 1000 Blocks were Classic blocks.
2  Bitcoin / Bitcoin Technical Support / Re: Balance not showing in Bitcoin core wallet on: March 12, 2016, 04:59:04 PM
Yes, after synchronization completes you will see your correct balance.

The client is downloading and verifying blocks from way back when the network first went up to this day, so until it reaches the block your transaction was in, it can't know about it. If you are in a hurry, you might want to use a light wallet such as Electrum.
3  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 12, 2016, 04:51:46 PM
AlexGr: That's my argument! Finally we agree!

So did you install Bitcoin Unlimited or what?
4  Bitcoin / Bitcoin Discussion / Re: More Bitcoin extorsion demands on: March 12, 2016, 04:39:48 PM
Lauda: It's not about what actually works.

Assume you're a script kiddie or just a random jerk. You have just enough wits to know telling your victims to pay you via PayPal is a bad idea, but are too lazy, dumb and unconnected to what.other options are available. Until, presto, Bitcoin! You hear it's anonymous and exactly what you need, so you're in business now!

Sure, it's not actually anonymous, but you and people like you won't figure that out until enough of you inevitably get busted.
5  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 12, 2016, 04:18:10 PM

The willingness of people to save money by doing something in a more economical way can never die .
True, but you can try to stop them from trying to find certain types of more economical methods by using a position of power to dictate what terms the market must operate under.
6  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 11, 2016, 10:52:27 PM

Personally, I'm not anxious for all that spam to be "cleared" by getting included in the blockchain.

It would be like having the street outside your house filled with trash and considering collecting them inside your house to "clean the street".

Nice analogy, it illustrates how we disagree. Going with the trash theme, IMO the current setup is akin to saying everything people throw away should be dumped and never touched again. Never mind that due to changing market conditions and innovation, some trash may actually be valuable to people if they can get their hands on it - recycling metals for example.

If you remove, by dictate, the ability to process "trash" beyond some arbitrary treshold, you remove the markets ability to correctly value that "trash".
7  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 11, 2016, 05:59:57 AM
Got to have young host bodies for them brain transplants when the time comes, right?

Anyhoo, how about them 420's?
8  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2016, 03:03:43 PM
As for the 6-8$ of electricity, naturally, tx/s, fees and btc price will rise to compensate. In 4.5 years (post halving for 6+ btc per block) we may be doing 20-50 tx/s instead of 3, and in 8.5 years (post the 3+ btc per block) we may be upwards of 50-100tx/s, on-chain.

This wasn't exactly your main point, but there's no certainty that fees will rise to compensate for the loss of subsidy. Miners can also simply go out of business due to unprofitability. The question really being discussed now is: "What kind of usage of the blockchain will lead to the best income for miners, and how should we decide what usage we aim for?"

This because ultimately the miners decide what kind of network they secure.
9  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 07, 2016, 09:36:54 PM
Some optimism for you guys: In the end, everyone gets to say they were right! The big-blockers will get their bigger blocks eventually. The small-blockers will feel content knowing they were right about the sky not being about to fall down immediately. The 1MB4EVA hard core will get to blame any and all subsequent problems Bitcoin experiences on the folly of changing the sacred blocksize.
10  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 07, 2016, 02:47:16 PM
re: spam, I fail to see what the problem is, unless you think miners would willingly process more tx than they can actually handle. Let the people who have to deal with the costs decide what criteria they want tx to meet. If that means "spam" by anyone else's definition gets through, then it's probably not much of a problem.
11  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 06, 2016, 05:16:34 PM
Bitcoin is so full of nutters I have no idea if you're joking.

That seems like yet another NLC alt. Hey Lambie, how many accounts have you worked past newbie status now? When do the fireworks start?
12  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2016, 05:31:17 PM
Becoin,by how broad your definition of a free market appears to be, the USSR was a free market system.
13  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2016, 03:23:55 PM
The halving will certainly put the miners' faith in Core's roadmap to the test. If BTC price doesn't rally to compensate, miners will be forced to decide what policies will lead to the highest profits for them. Some will likely go bust anyway.
14  Bitcoin / Bitcoin Discussion / Re: Small destruction fee per bitcoin transaction? on: March 05, 2016, 07:56:41 AM
If I'm reading you right, you have a few things mixed up.

Trades made on exchanges are generally not made on the blockchain. The only blockchain transactions involved in trading at an exchange are when you send BTC in and withdraw BTC out. All the rest is done on the exchanges internal database and doesn't encumber the Bitcoin system at all.

I don't see how destroying small amounts of BTC would help. Miners can already decline to process transactions without fees.
15  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2016, 11:08:30 PM
Cconvert2G36: I actually meant it when I said it was a serious question. For example, what risk would there be in a small miner willing to make any size block, several gigabytes or more maybe?
16  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2016, 10:59:38 PM
So what would happen with an unlimited blocksize? Serious question - what would miners do? Would they include all tx, fee or not? Would they set a minimum fee? Would they choose a blocksize cap on their own?
17  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2016, 07:51:39 PM
Becoin: the 21 mil. cap is a different issue because Bitcoin was set up from the very start to divorce the issuance rate from resources expended by anyone. However much miners may toil, they can not significantly affect the amount of BTC issued during any given timeframe, and that's how it was from day one. (you know the caveats that apply, I'm sure.)

I put it to you that what the miners produce isn't BTC, it's the processing of transactions. I think you'll find my assertion is backed up by pretty much everything going back to the original whitepaper.

To reiterate: While changing the issuance cap is possible, everything down to the difficulty balancing shows the cap is a fundamentally hardcoded feature of BTC that isn't meant to be subject to market forces, and this is known by all participants in the economy. A cap on TX rates, instead, is a new development and a direct attempt to control the miners business practices.
18  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2016, 05:54:05 PM
AlexGR: So, in the 90's, did the IETF dictate a cap on e-mail size? No? Somehow it survived, though.

I repeat: I'd like an example of a centrally planned production quota winning out in efficiency over a free-market supply-and-demand model.
19  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2016, 05:19:53 PM
It's a no-brainer.

Can you give me an example where production quotas have led to more efficient production of a good than the free market method?
20  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 29, 2016, 06:54:55 PM
I'm banning all 'classic' and XT nodes as transactions sent by those spammers are not valid transactions. They are altcoin promoters.

What is it in the tx data that makes them invalid?
I'm not obliged to explain again and again why free block space to every bitcoin spammer will ruin bitcoin. I've made enough efforts. I'm the owner of the node I run. I decide which tx are valid and which are not! Time to end futile discussions with big blocktards. It is time to act.

Oh, so the tx are valid, you just don't like the clients. Why didn't you just say so in the first place!
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