Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[inca]

Only a blind man couldn't see that coming. Retail shorting at all time highs. Bullish order books. Coins drying up for shorting.

Edit: lots of short traders still..excellent

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[JorgeStolfi]

What is that x60 faster thing any way? How does it effect the protocol?

Gavin was testing his proposed changes, that include increasing the max block size from 1 MB to 20 MB.  He noticed that the nodes  were taking too long (hundreds of milliseconds) to validate a block, even when the node had seen all transactions before and thus did not need to validate them again.  That wasted time impacted the time needed to propagate a block from node to node.  He tweaked and hacked the code until he got that part of the code to run a lot faster, saving some memory too.  That improvement reduced the estimated 1MB-block propagation time, in that easy case, from 600 ms to 10 ms.

That is good news for people running nodes, but it will not be noticed by ordinary clients. The target block rate will still be 1 block every 10 minutes.

[inca]

What is that x60 faster thing any way? How does it effect the protocol?

Gavin was testing his proposed changes, that include increasing the max block size from 1 MB to 20 MB.  He noticed that the nodes  were taking too long (hundreds of milliseconds) to validate a block, even when the node had seen all transactions before and thus did not need to validate them again.  That wasted time impacted the time needed to propagate a block from node to node.  He tweaked and hacked the code until he got that part of the code to run a lot faster, saving some memory too.  That improvement reduced the estimated 1MB-block propagation time, in that easy case, from 600 ms to 10 ms.

That is good news for people running nodes, but it will not be noticed by ordinary clients. The target block rate will still be 1 block every 10 minutes.

scalability looking good..

[ChartBuddy]

Coin
Explanation

[LFC_Bitcoin]

Nice to wake up & see a little pump

[inca]

Yeah we are in one of those interesting moments where a big buy will force shorts to capitulate and push the price rapidly up into the 250's. Retail short sellers are all in. Long's watching

Shorts not really capitulated much yet. Let's see how this develops. If the price holds then it could move up quickly to 270's. Oh and NLC may stfu for 24 hours.

[Sitarow]

[arvindr]

No comment here about Kim Dotcom's tweet?

http://www.reddit.com/r/Bitcoin/comments/2xbowj/kim_dotcom_on_twitter_lets_give_bitcoin_a_boost/

It is claimed that PayPal just closed Mega's account, because of pressure from VISA and MasterCard, allegedly because of pressure by US Senator Leahy, allegedly on behalf of the MPAA.

Not long before #Mega ditches Bitcoin as well for some DRK/XMR coin. Wait for it when BTC goes more "government friendly"...

Maybe it might launch Megacoin. But I doubt they would shift from bitcoin.

[xingming]

Thanks for the graphic , It show many important site ! Can you give me please the link to the site i want to
add it in my website

[YourMother]

ROFL

This bot was specially created for fucking with Tim Draper´s mind.

Who buys thousands of bitcoins right before an auction ?

[Sitarow]

Thanks for the graphic , It show many important site ! Can you give me please the link to the site i want to
add it in my website

BTCCharts.com

[ChartBuddy]

Coin
Explanation

[marcus_of_augustus]

http://www.resourceinvestor.com/2015/02/26/companies-slowly-warm-bitcoin

We would expect Bitcoin to stagnate some more before resuming the move down. This is our best bet at the moment. $200 (dashed red line) might be the level to observe as far as the next move to the downside is concerned.

Summing up, we think speculative short positions might be the way to go.

ouch, reamed.

[itod]

What is that x60 faster thing any way? How does it effect the protocol?

Gavin was testing his proposed changes, that include increasing the max block size from 1 MB to 20 MB.  He noticed that the nodes  were taking too long (hundreds of milliseconds) to validate a block, even when the node had seen all transactions before and thus did not need to validate them again.  That wasted time impacted the time needed to propagate a block from node to node.  He tweaked and hacked the code until he got that part of the code to run a lot faster, saving some memory too.  That improvement reduced the estimated 1MB-block propagation time, in that easy case, from 600 ms to 10 ms.

Where can one find more info about this?

[inca]

What is that x60 faster thing any way? How does it effect the protocol?

Gavin was testing his proposed changes, that include increasing the max block size from 1 MB to 20 MB.  He noticed that the nodes  were taking too long (hundreds of milliseconds) to validate a block, even when the node had seen all transactions before and thus did not need to validate them again.  That wasted time impacted the time needed to propagate a block from node to node.  He tweaked and hacked the code until he got that part of the code to run a lot faster, saving some memory too.  That improvement reduced the estimated 1MB-block propagation time, in that easy case, from 600 ms to 10 ms.

Where can one find more info about this?

/r/bitcoin top post..

[itod]

What is that x60 faster thing any way? How does it effect the protocol?

Gavin was testing his proposed changes, that include increasing the max block size from 1 MB to 20 MB.  He noticed that the nodes  were taking too long (hundreds of milliseconds) to validate a block, even when the node had seen all transactions before and thus did not need to validate them again.  That wasted time impacted the time needed to propagate a block from node to node.  He tweaked and hacked the code until he got that part of the code to run a lot faster, saving some memory too.  That improvement reduced the estimated 1MB-block propagation time, in that easy case, from 600 ms to 10 ms.

Where can one find more info about this?

/r/bitcoin top post..

Thanks, I'm not following Reddit closely, most trolling friendly location on the interwebs.

[camolist]

yay getting awoken by alarms because of bitcoin (and not for its price)

turns out centos partitions most of your free space to /home

i have a full node running inside a openvz container and it was mounted to /vz

brought the whole server to a halt


now that i'm awake can we get this rally moving again?

[hdbuck]

bulltarp

[Afrikoin]

Remember this from 3 months ago?

Who says EW doesn't work?

[Afrikoin]

What is that x60 faster thing any way? How does it effect the protocol?

Gavin was testing his proposed changes, that include increasing the max block size from 1 MB to 20 MB.  He noticed that the nodes  were taking too long (hundreds of milliseconds) to validate a block, even when the node had seen all transactions before and thus did not need to validate them again.  That wasted time impacted the time needed to propagate a block from node to node.  He tweaked and hacked the code until he got that part of the code to run a lot faster, saving some memory too.  That improvement reduced the estimated 1MB-block propagation time, in that easy case, from 600 ms to 10 ms.

Where can one find more info about this?

/r/bitcoin top post..

Thanks, I'm not following Reddit closely, most trolling friendly location on the interwebs.

You should. There is a tonne of valuable  info on /r/Bitcoin comments - if you can sieve out the trolls. just like here.