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1081  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 08, 2016, 11:17:45 PM
Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

Gold is up because it solved its block size problem.

you've fallen into Gavin and Mike Hearns govt. doublespeak language trap, there is no "blocksize problem" ... there are only transaction capacity challenges that are largely solved and are being implemented and technological growth constraints that can be adequately worked with.
1082  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 08, 2016, 10:50:43 PM

And its fate rests in the hands of economically illiterate squabbling nerds.

Not exactly comforting, but I still have hope.

what, a hopeless fat loser with hope?
1083  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: February 08, 2016, 10:37:14 PM
This is clearly an altcoin pump thread, why is it not in the Altcoin section?

NB: Ethereum runs the highly centralised risk that Vitalik fucked up somewhere along the way in his wunderkid hubris trip.
1084  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 08, 2016, 10:34:21 PM
Gold is up almost 15% without any noticeable pullbacks yet. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

I think part of the market sees it as digital gold and part of it sees it as a tech stock. That should lead to head-scratching and flat.

Or extreme violence. Either way.


Well if you are honest 99% of the people don't see a real problem with fiat money, even if you explain it to them. They simply don't care

Only that the the 99.9% haven't got any money, relatively speaking.

The 0.01% who do have the money do care.

if you say that you did not understand the system...


yes, I guess I just don't understand the system ... that must be it.
1085  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 08, 2016, 09:52:34 PM
Gold is up almost 15% without any noticeable pullbacks yet. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

I think part of the market sees it as digital gold and part of it sees it as a tech stock. That should lead to head-scratching and flat.

Or extreme violence. Either way.


Well if you are honest 99% of the people don't see a real problem with fiat money, even if you explain it to them. They simply don't care

Only that the the 99.9% haven't got any money, relatively speaking.

The 0.01% who do have the money do care.
1086  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 08, 2016, 09:28:30 PM
i got my bids in the 320s

Could take weeks tho.

Or never happen....

BTC is holding up ok in this medium term down move (and oscillators are bottoming).

this. Next move is up and looking like it could be quite powerful as Crassic is getting #R3KT as quick as XT was ... basically DOA.

Peace in the dev community and the peanut gallery gets banned from dev discussion ... full steam ahead for the rocket train.

Gold Up, Bitcoin collapsing.

edit: http://xtnodes.com/ crassic train #R3K in progress, just fyi.
1087  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 08, 2016, 05:58:09 AM
http://xtnodes.com/ classic crashed and burned already ... oh well should be good for everybody.

Quests of futility can be character building and educational for those less fortunate in the mettle and brains departments.
1088  Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving Party 2016 on: February 08, 2016, 05:42:41 AM
...

I would be curious to read what Bitcoiners who are programmers have to say!

up.
1089  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 08, 2016, 05:41:59 AM
You can't win, smallblockers. It doesn't matter who you DDoS or what other dirty tricks you pull, when the market tanks, the miners will switch to big block code.

Only losers like you and big-blockheads harbour delusions of win-lose zero sum games, your ego needs it. The market could care less. All this for a measly 1MB blocksize raise, are you nutz?
1090  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2016, 11:37:45 PM


... let the DDOSing begin now that techignorati who use binaries because they can't build from source are wandering stupidly into the badlands. tally-ho
1091  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2016, 11:10:53 PM
"The lines cross and omg! catastrophe happens" is the sophisticated wrapper around the bullshit argument "nobody goes there any more because it is too popular".

If you think the world has enough Bitcoin users as things stand today, you have a point. If you think that use of Bitcoin growing by a factor of more than several dozen percent is desirable, then your point is ridiculous.

I don't think either of those things, you have just presented a false dichotomy, albeit shoddily constructed, that advances the debate by zero percent.

I was just pointing out the totally false and misleading argumentation of this whole "the lines cross omg! catastrophe" bullshit that your best friend Mike Hearn started. You know that guy that did famously well out of bitcoin, made him wealthy, got him out of a failed marriage and landed a cushy gig advising mega-banks and stabbed bitcoiners in the back without a thought of gratitude.
1092  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2016, 10:17:34 PM
Accordingly, I still have troubles understanding when the blocksize and/or scaling issues are presented as "an emergency."

Do you understand the principle of non-parallel lines in a two-dimensional cartesian coordinate system?

No.  I don't understand:  "non-parallel lines in a two-dimensional cartesian coordinate system."


It will only take a few more months before the lines will cross. I wouldn't call that a long way off. And rolling out a hard fork takes time. So yes, time is running out fast.



The lines will not cross because it is a hard limit so that is mathematically impossible. The bottom line will curve and asymptote up to the top line as elastic demand is forced off the network. It may at best become tangent to it.

"The lines cross and omg! catastrophe happens" is the sophisticated wrapper around the bullshit argument "nobody goes there any more because it is too popular".
1093  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2016, 09:39:19 PM
We are nowhere close to "everything will suck soon" tm. You guys have been saying that for a year now btw.

Actually several years. We've been repeatedly pointing at the same stupid, unnecessary hard ceiling, and pointing out that the inexorable trend of increasing transactions has us on a clear intersect.

In the meantime, we have recently gone from things never sucking in regards to capacity, to things sucking for brief flashes of time. The issue is not how much one needs to pay to get a transaction through, the issue is that with the current block size, no more than about 350,000 transactions can be processed in a day. Period. No matter how much money is thrown at the transactions.

Actually, it's more like 230,000 per day. Source: https://oxt.me/charts (Look at the maximum tx volumes in December and January).

Actually, it's more like 500,000 per day after segwit is implemented in April.

And how many transactions are low value (uneconomic elastic demand) that will drop off when the spam limit comes into effect? http://rusty.ozlabs.org/?p=500

And how many are actually responding to the nascent fee market? http://rusty.ozlabs.org/?p=564

And not as many transactions are actually "stuck" because of block limits but rather bad wallet software not broadcasting correctly ... http://rusty.ozlabs.org/?p=573

Edit: let's keep our numbers fact based shall we? Pulling magic constants out of bottoms is bad engineering, but maybe good politics.
1094  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2016, 09:22:40 PM
We are nowhere close to "everything will suck soon" tm. You guys have been saying that for a year now btw.

Actually several years. We've been repeatedly pointing at the same stupid, unnecessary hard ceiling, and pointing out that the inexorable trend of increasing transactions has us on a clear intersect.

In the meantime, we have recently gone from things never sucking in regards to capacity, to things sucking for brief flashes of time. The issue is not how much one needs to pay to get a transaction through, the issue is that with the current block size, no more than about 350,000 transactions can be processed in a day. Period. No matter how much money is thrown at the transactions.

You're making the ridiculously simple assumption that transaction demand is inelastic ... when all evidence points to the fact that it is highly elastic.

There are a majority of small, nonsensically so, transactions that wouldn't happen and have no economic rationale for including in a globally distributed ledger secured by $1million+ per day security of hashing power and massively redundant distributed storage database.

Until anyone comes up with a solid, fact-based plan for how to secure the network in the medium and long term future it makes no sense to kick the can and hope for the best, without verifying first what component of transaction demand is currently inelastic.
1095  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2016, 01:53:30 AM


Why is it that core supporters end up having a complete tard-out?

Am I being manipulated to support alternative implementations through the fake unpleasantness of supposed Core supporters?


What if they're not wrong, they're just assholes. I've been worried about it for weeks. Undecided

Worried that you've become an asshole core supporter or just that you're simply an asshole?
1096  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2016, 01:36:13 AM
Just few months ago core got more then 95% consensus for their soft fork. So you are factually wrong to say Bitcoin never moves ahead if 95% is required.
It is moving and improving rapidly all the time.

it doesnt matter if you had an uncontroversial soft fork that was accepted by 95%. when it comes to crucial and controversial decisions and not just minor changes you will see that 95% means factual gridlock as 5% can be easily mobilized. bitcoin will face even harder decisions than this blocksize issue at the moment, with maybe even harder controversies.

and in THAT situations of controversial but neccessary decisions 95% are deadly, as you may eventually wait forever for the community to unite behind one proposal and the project falls behind because its not able to adapt to new challenges.

you see, the blocksize isnt such a crucial issue at the moment imo, but if bitcoin wont be able to handle it in a timely matter its a bad sign for future hurdles to come which may be way more important.

sounds like you want a bitcoin "Progressive" edition ... and like the political party of the same name inevitably fall into the inflation trap ... "for the children".

lol what are you talking about

its pretty easy, if you let 5% of the community block whatever decision the 95% majority has choosen your project (whatever it is) will end up fucked up. no matter if its a company, a football-club or a cryptocurrency. its called tyranny of the few.

you can obv discuss if 75% is enough or not, but its ridiculous to expect a community to always go ahead with a 100% consensus.

yeah because the majority are always right ... it is exactly why democracies are so fucked up, after the useful idiots become no longer useful, they are just idiots then. You invite endless politics into bitcoin like it is no big deal, what planet are you on? Technical issues are very rarely political, you are either right or wrong. Once bitcoin rules have been set in stone they will need very few controversial changes, if any. The remaining one is an algorithmic expansion of blocksize that will maintain security for the life of the project, and then we are done.

Gavin was useful, now he is just behaving like a butt-hurt idiot.
1097  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2016, 01:18:28 AM
Just few months ago core got more then 95% consensus for their soft fork. So you are factually wrong to say Bitcoin never moves ahead if 95% is required.
It is moving and improving rapidly all the time.

it doesnt matter if you had an uncontroversial soft fork that was accepted by 95%. when it comes to crucial and controversial decisions and not just minor changes you will see that 95% means factual gridlock as 5% can be easily mobilized. bitcoin will face even harder decisions than this blocksize issue at the moment, with maybe even harder controversies.

and in THAT situations of controversial but neccessary decisions 95% are deadly, as you may eventually wait forever for the community to unite behind one proposal and the project falls behind because its not able to adapt to new challenges.

you see, the blocksize isnt such a crucial issue at the moment imo, but if bitcoin wont be able to handle it in a timely matter its a bad sign for future hurdles to come which may be way more important.

sounds like you want a bitcoin "Progressive" edition ... and like the political party of the same name inevitably fall into the inflation trap ... "for the children".
1098  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2016, 12:45:53 AM
Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.

edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?

What has he controversially posted? I don't read r/bitcoin and I can't face wading through page after page to find his post. Is it another post about the block size combined with another alternate Bitcoin wallet? The last thing I heard about Gavin was he climbed down to suggesting going for 2MB blocks.


Dumpus_Maximus just posted about arbitrary numbers and binaries for "crassic"
usual thing, brigade voted to the top in no time by the usual paid shills, trolls, zealots and agent provocateurs
https://www.reddit.com/r/Bitcoin/
... dump incoming as per expected, cheap coinz for his bankster buddies.
1099  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2016, 12:02:43 AM
Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.

edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?
1100  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 31, 2016, 09:43:23 PM
I don't know about y'all, but I can sleep comfortably knowing that the value of my assets depends on the sophisticated economic and technical knowledge of third world pyramid schemers.  Tongue

... the slippery pig rider goes all in on hillybilly bucks.
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