i doubt it as yesterday's scheduled test didn't conform to it's stated plan.  

and really, does it matter?  how can you tell in most circumstances unless spam tx's are coming from a single address?  and if the tx's are paying the regular fees, which they are, who cares?  the miners will make hay and be more profitable.  actually, i do care b/c that means ordinary users that might square the network effect (Metcalfe) wanting in from places like Greece might not be able to get in.  yes, the 1MB'ers will say that they're just coming in thru places like Coinbase, which they are, but i'd counter argue that in the medium to long run Coinbase has to buy supply from the mainchain to keep their reserves high.  so it does feed through.

what's interesting to me is that all these full blocks that have been coming more frequently and consecutively have not caused any block delays.  that is good news b/c there are some who thought that as we filled the 1MB limit, there might be delays and have pointed to just this mechanism in the past when we've had such delays.  so we know 1MB blocks don't slow down the network.  so just how high can we push this limit w/o breaking it?

when Chinese pools face a series of what they consider to be "large blocks", which in this case means full blocks as you can see from the data, they automatically switch to mining "header" blocks with 0 tx's during the time it takes to process all the tx's in the preceding large block.  this is b/c large blocks take a bit more time to process and check all the signatures so the argument goes that they can't afford to waste that precious time so for defensive purposed they just go ahead and start hashing  the next block with only the  "header" that in this case contain no tx's that might have included an invalid input from the preceding large block.

Gold collapsing.  Bitcoin UP.

trusty 'ol Goldcorp gone off the cliff:

dammit.  here we go again upon just checking.  unconf tx's over 7000:

curious.  i haven't heard any news of Greeks fleeing to gold.  of course, my news feed is biased towards Bitcoin.  nonetheless, i do read traditional sources and haven't heard a peep about that while Bitcoin buying articles seem to be abound.

that should tell you something.  and that is, with a standard internet connection, even in the presence of a Great Firewall of China which Greece doesn't have, ordinary citizens can easily find their way to Bitcoin buying sources.  the articles from yesterday were quoting business up 10x.  even Greeks are somehow buying gold in the background, i doubt it would be to that magnitude due to the increased ease, storage, transportation, safety, & speed of buying Bitcoin.

that shows us one other thing.  if blocks continue to get filled and inaccessible, then ordinary citizens at far ends of the Earth will not be able to buy Bitcoin when they need to.  sure, Greece isn't technically a 3rd world country but it's more towards that end of the spectrum nowadays than a developed country.

i spent all day watching blocks sizes and degree of fullness.  there was filling going on all day long with TPS bursting to 30TPS many times throughout the day as well as unconf tx's doubling even tripling.  2.3 TPS is the threshold for when the network starts having problems.

bottomline is, there will be much more demand coming from all over the world in quite near times to come.  Bitcoin has to be ready to scale.  Any forward looking person who understands business knows to look forward and prepare.  the fastest, simplest, most predictable, most easily understood way to do that is to increase the block size now.

trusty SLW going down the chute:

GBTC coming off the bottom on it's highest volume ever yesterday:

iCEBlow blowing more iCE.

i'm flattered you find me so important to grace my thread with your never ending presence.  keep pushing me and it UP!

annoying as hell:

we're at the beginning of a global change in monetary regime.

Yes, it's real:

The world's largest Bitcoin exchanges tell CNNMoney they've seen a surge of business from Greece.
Ten times as many Greeks are registering to trade bitcoins on the German marketplace Bitcoin.de than usual, according to CEO Oliver Flaskaemper. Bitcoin trades from Greece have shot up 79% from their ten-week average on Bitstamp, the world's third-largest exchange.
http://money.cnn.com/2015/06/29/technology/greece-bitcoin/

Dow -333

no late day rally (sticksave) here:

the ppl in that article are incredibly ignorant and naive.

does buying related to the events in Greece have to come from Greece alone to validate the concept of a RunToBitcoin?  of course not.  the event merely has to cause ppl from everywhere else in the world to start dumping speculative assets in exchange for Bitcoin in anticipation of a contagion event to validate the concept.  esp a selloff in the US stock mkt as one indicator.

we live in a connected world today.  global economies are intertwined.  USD hegemony is everywhere and USD foreign loans are quite prevalent.  as the peripheries unravel, it will cause a feedback loop back here.  that's the way it was in 2008, everyone was in trouble.

edit:  i wouldn't be surprised if the US or the EU were the main buyers of BTC right now.

uh oh:

there's a difference though.

you actually believe in the concepts you've got wrong.

iCE just seems to follow the crowd.

blocks full again with TPS unacceptably high --> unconf tx set ~ 3000, more than double normal.  pools taking defensive action.  when will Blockstream devs do something?:

Dow -300.  yawn.

actually, i have to laugh.  as i peruse the front page of Reddit, i see nothing but articles on Greece, Italy, currency problems, bank runs, namely, international events.

fyi, my posting style hasn't changed one bit since day 1 2011.  i've always emphasized international or global economics; stocks, bonds, gold/silver, politics, macroeconomics, etc as they relate to Bitcoin.  only makes sense, right?  however, you won't believe the number of geek trolls who criticized me for having done so for such inextricable reasons as "none of that matters", "Bitcoin is and always will remain niche", "hedge funds and VC's will never invest in Bitcoin", "Wall St doesn't give a shit about crypto and never will", yada yada yada.  Matthew N. Wright comes mainly to mind. 

well, he's long gone from Bitcoin.