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1441  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2016, 03:25:10 AM
admit it .. .the whole "blockstream core planners" spiel/spin is lame.

you just choked up your groupthink vomit all over the place trying to justify using such lame language.
1442  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2016, 02:53:22 AM
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
the transaction growth rates are exponential, looking at longer term we are definitely going parabolic, how long does a 4MB can kick really buy?

The doubling from 50k to 100k took ~1yr, the doubling from 100k to 200k took ~6months, the next doubling to 400k transactions will take ~3months (2MByte saturation), the doubling after that will take say 2 months conservatively 800k transactions (4Mbyte saturation) buying a total of 6 months only.

A 4MByte increase in blockchain growth rate, bandwidth, etc to buy 6 months to look for real scaling capacity solutions, is it worth it??
1443  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2016, 02:19:12 AM
If SegWit is going to be shelved then we'd want a 4 MB hardfork ASAP, just imho.

Nah, if we just have to shelve segwit (which they won't, ever), 1.75MB oughtta cover it.

A can kick hard fork to buy time should be put at the maximum possible limit so we are not tediously going through all this derp molasses again next year.

I can agree with you there [feels weird], miners would soft limit below the hard limit anyway, like they did before we hit the 1MB ceiling. I'm for a fee market, just one determined by the producers, not the planners.

... you need to break your mind free of the Classic groupthink newspeak rhetoric, there are no "planners" just developers providing code that the nodes choose (or not) to run. Attempts at vilification through framing the debate and/or agenda via language (spin) is a sure sign that you are the subject of an attempt to manipulate your opinions and influence your previously independent thought processes.
1444  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2016, 01:03:28 AM
If SegWit is going to be shelved then we'd want a 4 MB hardfork ASAP, just imho.

Nah, if we just have to shelve segwit (which they won't, ever), 1.75MB oughtta cover it.

A can kick hard fork to buy time should be put at the maximum possible limit so we are not tediously going through all this derp molasses again next year.
1445  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 04, 2016, 12:17:15 AM
If SegWit is going to be shelved then we'd want a 4 MB hardfork ASAP, just imho.
1446  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2016, 09:27:36 PM
Looks like the anomalous transaction increase that prompted the timely March 1 chaos might have subsided. I predict that in keeping with the problem-crisis-solution spook playbook we will soon see a blog post or tweet or similar controversial statement from Gavin (big block solution now super-duper urgent) with his smiling face promptly upvoted to the top of the front page on r/Bitcoin ... a  silent "beautiful settlement network you got there, be a shame to lose it ..."

https://www.reddit.com/r/Bitcoin/

https://www.reddit.com/r/Bitcoin/comments/48srb6/onedollar_lulz_gavin_andresen/

... and just like clockwork there's gavin's smiling dial on the top of reddit with the "solution" to the manufactured "crisis"
1447  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2016, 12:08:36 PM
https://bitcointalk.org/index.php?topic=1382884.0

small heads up for anyone thinking of shorting ... i'm getting a bit of 'bolt from the blue' scaling solutions vibe that has been building up recently, not just this paper but there has been some interesting novel approaches increasingly out of left field, only a naive pessimist would suggest upgrading bitcoin's capacity is an intractable problem, be careful what you wish for.
1448  Bitcoin / Development & Technical Discussion / Re: Using compact indexes instead of hashes as identifiers. on: March 03, 2016, 11:05:04 AM
Quote
What number of blocks is beyond the common sense reorg danger? I know theoretically very long reorgs are possible, but from what I have seen it is not so common for any big reorg. I think by setting a delay of N blocks before creating the most recent bundle, then the odds of having to regenerate that bundle would be very low. Since it takes about a minute to regenerate it, it isnt a giant disaster if it has to, but best to default things to almost never has to do it.

For reference, there is a protocol rule which prohibits generated BTC (coinbase tx) from being spent until it has 100 confirmations. Older Satoshi client had an additional safety margin: it won't let you spend generated BTC until it has 120 confirmations. Discussion surrounding locking coins for sidechains was in the 144-288 blocks depth range.
1449  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2016, 05:40:10 AM
Well I bought a metric fuckton of futures in the low $430's/high $420's Smiley

See yall in the morning.
We're bleeding but I think you did the right thing at this point. That was an interesting all-in point I must say but we going back up in a large part.

I had it in my head since a few days ago on a solid long + a solid short... going for a hat trick this week.

I wouldn't be overly shocked to see $450's in the near future.

Opened a few shorts and off to bed.

Might be a shit show if there is a dip going into Monday.

Should have a nice buy back in the low $430s. (OKCoin futures)

If I get pwned I get pwned, but someone is buying a shit ton of quarterly futures on OKCoin atm.  

$1,000,000 worth are in the process of getting swapped around @ $428.  $400,000 remaining.



you'll be sweet ... buying in on the classic big-block capitulation point looks like a winning trade to me.
1450  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2016, 05:38:01 AM


 Cry

1451  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2016, 04:23:06 AM
It's gonna take some pain to wake up these miners to the fact that they may be relying on their main competitor to plan their own future.

Some times learning is painful, hopefully they realize LN is competition for fees, and while it promises to deliver many more TX/s it has no ability to create demand, quite the opposite relay it appears to erode the ability for individuals to settle with hard money.

... and yet more cluelessness, it appears to be spreading, I wonder why that is?
1452  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH price soaring. Are you going to move some BTC into ETH? on: March 03, 2016, 02:35:06 AM
Well, a large amount of evidence points to Nick Szabo being Satoshi Nakamoto, this is proven with computer text analysis as well as a large and mounting pile of curcumstantial evidence.

Satoshi is not Nick Szabo.  Do some research.

I have done extensive research.  I have read everything there is to read on the subject.

... not him.
1453  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2016, 01:14:43 AM
doom, lower, lower, lower ... the divide and conquer appears to be working.

and it could have been avoided so easily....

I don't think so ... Gavin is one stubborn SOB aussie
1454  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 03, 2016, 01:12:08 AM
doom, lower, lower, lower ... the divide and conquer appears to be working.
1455  Bitcoin / Bitcoin Discussion / Re: If bitcoin ever goes mainstream on: March 03, 2016, 01:08:24 AM
http://www.theguardian.com/business/2016/mar/02/global-super-rich-luxury-goods-yachts-wealth-report-knight-frank

Quote
The number of ultra rich people with $30m (22m) or more in assets fell 3% last year. There are now 187,500 with assets in excess of that benchmark, down from from 193,100 in 2014. This was the first decline since the financial crisis. Between them, they controlled $19.3tn in assets, down from $22tn the year before.

The number of dollar millionaires around the globe also fell from 13.6 million in 2014 to 13.3 million last year. Together, they hold assets worth $66tn more than the value of all global shares added together.

The vast majority of the planet's wealth is concentrated in the hands of roughly 13 million people.

Wealth and monetary goods are not determined by the "mainstream".
1456  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 02, 2016, 12:39:17 AM

Stop using pseudo-metrics bereft of meaning, sat/byte pls.

good point.

Just for comparison, the reward/blocksize ratio in sat/Byte metric will be;

2500 sat/Byte for current 25 BTC/1MByte
1250 sat/Byte when SegWit delivers effective 2 MByte blocks
625 sat/Byte when reward halves and SegWit
312.5 sat/Byte when reward halves, SegWit and 2MByte hardfork delivers effective 4MByte TX space
156.25 sat/Byte when reward halves again to 6.25 and SW+HF.
1457  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 01, 2016, 11:01:43 PM
Looks like the anomalous transaction increase that prompted the timely March 1 chaos might have subsided. I predict that in keeping with the problem-crisis-solution spook playbook we will soon see a blog post or tweet or similar controversial statement from Gavin (big block solution now super-duper urgent) with his smiling face promptly upvoted to the top of the front page on r/Bitcoin ... a  silent "beautiful settlement network you got there, be a shame to lose it ..."
1458  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 01, 2016, 10:49:21 PM
Anyone else thinking that we will see some serious price action on the exchanges within 48 hours?
It has been quiet for too long...

i'd like to think so but can't see it happening.

There seems to be some powerful, organised resistance that caps all rallies off to $5-10, then coordinated dumps to extinguish any momo. Net effect a huge lid on any action.
1459  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 01, 2016, 05:36:58 AM
If we took the currency issue out of this conflict, it would look something like this:

Chipherpunk A builds a permanent immutable database and wants to charge people to write to it because he doesn't want it to fill up with crap.

Cipherpunk B builds a permanent immutable database and he lets anybody write anything to it because that's what free speech really is.

Smallblockers are the censors who see themselves as the guardians of free speech. They want to guard free speech with censorship.  If you elect yourself the arbiter of what is and is not spam, you are practicing censorship.  If you charge people for writing on a public wall you are a censor.

I think smallblockers see themselves more as publishers, people who have not only the right but the responsibility to ensure only quality things get printed, given the real cost of printing. This would be true if Bitcoin was a private good, but it is not. It is a public good, in the economic sense.

Smallblockers are just another form of censorship for crypto to overcome, either by routing around Core or routing around Bitcoin. 

tl;dr govvy troll muddies the waters by mixing up "free as in beer" and "free as in freedom" into a witches brew of psy-op misinformation
1460  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 01, 2016, 02:33:40 AM
I never understood why anyone would need censorship resistant monies to purchase a beverage anyway.

Hmm... well there are some circumstances where a sovereign digital currency can be helpful like when a person has all their bank accounts frozen or shutdown due to a lawsuit , bank mistake , asset forfeiture, or operation chokepoint and they want to make an internet purchase or tip someone remotely where cash cannot be used. Bitcoin also poses as a backstop to eliminate the effectiveness of banning physical fiat cash as there has been some recent discussions of banning the 100 dollar bill.

But I understand your central point , and agree, bitcoins primary purpose is to serve the underserved markets and act as regulatory arbitrage.

I am proud it is useful on the blackmarkets and deepweb for many purchases.

Canada stopped printing the 1000 dollar bill a while back for the same reason. The thing was pink. Anyhoo.

Donald Trump wants to bring back $500 and $1000 notes I heard!!
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