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Morecoin Freeman
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June 01, 2015, 10:16:01 AM |
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Will 220's hold today? Mondays haven't been the nicest lately.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Fatman3001
Legendary
 Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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June 01, 2015, 10:18:34 AM |
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why don't you just give up? it's easier for all of us. let it go. you don't need to go through all this pain. dismiss btc and you will get back your life. you have been wrong - but it's never too late to correct a mistake. you are a precious human being. you deserve love. SELL NOW
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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June 01, 2015, 10:21:48 AM |
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2k dump to @223 at finex
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Seal
Donator
Hero Member
Offline
Activity: 848
Merit: 1078
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June 01, 2015, 10:23:50 AM |
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why don't you just give up? it's easier for all of us. let it go. you don't need to go through all this pain. dismiss btc and you will get back your life. you have been wrong - but it's never too late to correct a mistake. you are a precious human being. you deserve love. SELL NOW
Rofl... Back on OP: There hasn't been much macro economic news that would drive price movement lately. Mondays are the big press days if a bitcoin company can get into the mainstream media. Without any big named coverage, price will continue to stagnate. |
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fonzie
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June 01, 2015, 10:29:25 AM |
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Dakota is obviously shorting, haha.
- Mayer Amschel
Famous last words, before his 50x long position wiped him out!  |
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fonzie
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June 01, 2015, 10:46:05 AM |
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OKcoin futures getting raped Thx for ur moneeeeeeez!   |
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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June 01, 2015, 10:47:49 AM |
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At least volume is up.
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fonzie
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June 01, 2015, 10:48:28 AM |
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At least volume is up.
Bullish!!! |
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fonzie
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June 01, 2015, 10:49:23 AM |
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I hope inca will be back soon from the gym, so that his weekly buys can stop the upcoming madness  |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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June 01, 2015, 10:49:54 AM |
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At least volume is up.
Bullish!!! Confirmed! |
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fonzie
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June 01, 2015, 10:51:45 AM |
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At least volume is up.
Bullish!!! Confirmed!   |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 01, 2015, 10:57:33 AM |
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8up
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June 01, 2015, 10:58:29 AM |
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The last step in this market is killing the longs. #HappyBearTimes to all of you! |
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JorgeStolfi
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June 01, 2015, 11:03:04 AM |
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Bitcoin-XT is not a re-implementation, it's a patch on top of Bitcoin Core that adds two features, double-spend relaying (which can be flagged for inspection) and the BIP64 getutxos message (which he needs for Lighthouse). The reason XT exists is because Mike Hearn can't get BIP64 implementation merged into Core ( https://github.com/bitcoin/bitcoin/pull/4351). Gavin happened to be for putting BIP 64 in, so moving forward if this happened, Bitcoin-XT would be a proper fork based on the actual Core codebase, simply with these two differences plus the blocksize changes. The fact that moving to XT is considered a viable option might suggest that there is a much larger "turf war" going on here since at least the middle of 2014. Thanks! Indeed there seems to be more going on than a simple technical disagreement. I won t say that Gavin's proposal is the best one, but at least I understand his position: "with 1 MB blocks the network is close to saturation and will not handle the volume that we would like to see, so let's make the blocks bigger". The thinking of his opponents (who include Peter Todd, Gregg Maxwell, and Luke Dash Jr.) seems less clear: they say that they are worried about the consequences of bigger blocks, but they have no alternative proposal to deal with impending congestion, and seem to want to see the network saturate. Someone on reddit pointed out that most or all of those big opponents work for Blockstream, the company that was supposed to develop sidechains and is now working on a thing called the Lightning Network, Those are projects that would provide fast bitcoin transactions and other bitcoin services (such as micropayment channels) outside the blockchain. That could be a reason for wanting the network to saturate. However, Greg says that they were opposed to big blocks well before creating Blockstram. Someone else suggested that they may want to see the network saturate so that big non-payment users like NASDAQ and Factom are forced to pay huge fees, like $50 on a 1000 satoshi transaction. That would push common users out of the system and turn bitcoin into a tool for big corporations only. (Peter Todd does not miss a chance to mention that he is "talking to Big Banks".) Sounds like the FUD that only JorgeStolfi would write. Anyway, last Friday night a handful of reddit users set out, without much planning, to try to saturate the network with small transactions. In the course of 2 hours (23:00 to 01:00 UTC) they put out maybe 30'000 transaction requests. The queues at the nodes got over the 20'000 mark and the backlog took 8 hours to clear. It is not clear what fees the guys paid, but they did not put much money into it. Yet Luke Jr claims that the test only showed that 1 MB is fine. Boh. Perhaps the real fear is how the system will react to an intentional hard fork, that is not mandated by a bug... |
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8up
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June 01, 2015, 11:18:40 AM |
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Bitcoin-XT is not a re-implementation, it's a patch on top of Bitcoin Core that adds two features, double-spend relaying (which can be flagged for inspection) and the BIP64 getutxos message (which he needs for Lighthouse). The reason XT exists is because Mike Hearn can't get BIP64 implementation merged into Core ( https://github.com/bitcoin/bitcoin/pull/4351). Gavin happened to be for putting BIP 64 in, so moving forward if this happened, Bitcoin-XT would be a proper fork based on the actual Core codebase, simply with these two differences plus the blocksize changes. The fact that moving to XT is considered a viable option might suggest that there is a much larger "turf war" going on here since at least the middle of 2014. Thanks! Indeed there seems to be more going on than a simple technical disagreement. I won t say that Gavin's proposal is the best one, but at least I understand his position: "with 1 MB blocks the network is close to saturation and will not handle the volume that we would like to see, so let's make the blocks bigger". The thinking of his opponents (who include Peter Todd, Gregg Maxwell, and Luke Dash Jr.) seems less clear: they say that they are worried about the consequences of bigger blocks, but they have no alternative proposal to deal with impending congestion, and seem to want to see the network saturate. Someone on reddit pointed out that most or all of those big opponents work for Blockstream, the company that was supposed to develop sidechains and is now working on a thing called the Lightning Network, Those are projects that would provide fast bitcoin transactions and other bitcoin services (such as micropayment channels) outside the blockchain. That could be a reason for wanting the network to saturate. However, Greg says that they were opposed to big blocks well before creating Blockstram. Someone else suggested that they may want to see the network saturate so that big non-payment users like NASDAQ and Factom are forced to pay huge fees, like $50 on a 1000 satoshi transaction. That would push common users out of the system and turn bitcoin into a tool for big corporations only. (Peter Todd does not miss a chance to mention that he is "talking to Big Banks".) Sounds like the FUD that only JorgeStolfi would write. Anyway, last Friday night a handful of reddit users set out, without much planning, to try to saturate the network with small transactions. In the course of 2 hours (23:00 to 01:00 UTC) they put out maybe 30'000 transaction requests. The queues at the nodes got over the 20'000 mark and the backlog took 8 hours to clear. It is not clear what fees the guys paid, but they did not put much money into it. Yet Luke Jr claims that the test only showed that 1 MB is fine. Boh. Perhaps the real fear is how the system will react to an intentional hard fork, that is not mandated by a bug... Jorge, you are becoming a valuable ressource to the community. Thanks for contributing. |
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YourMother
Legendary
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Activity: 1281
Merit: 1046
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June 01, 2015, 11:22:10 AM |
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i have many bears memes stocked for tomorrow crash Price dropping 3 dollars is a crash? Hilarious. Paste that one more time, derpy bulltard!  3 dollars per day keeps this fucker's sanity away... By the time this 20MB-blocks war between the core developers ends, Bitcoin will struggle to float above 3 digits. It's coming and you cannot do a shit about it. |
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LFC_Bitcoin
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Activity: 3528
Merit: 9547
#1 VIP Crypto Casino
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June 01, 2015, 11:39:23 AM |
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Ahh no, what the hell, only just checked the price for the 1st time today. Yet another little dump, what the hell's going on? These mini dumps are starting to add up, we need a whale to say 'I've had enough of this crap' then come in & start buying loads of coins. Surely we're not going to sink below 220, surely? That would really, really suck |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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June 01, 2015, 11:44:33 AM |
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Ahh no, what the hell, only just checked the price for the 1st time today. Yet another little dump, what the hell's going on? These mini dumps are starting to add up, we need a whale to say 'I've had enough of this crap' then come in & start buying loads of coins. Surely we're not going to sink below 220, surely? That would really, really suck As long as it doesn't go below $210 we'll be fine....ish. |
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LFC_Bitcoin
Legendary
Offline
Activity: 3528
Merit: 9547
#1 VIP Crypto Casino
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June 01, 2015, 11:48:12 AM |
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Ahh no, what the hell, only just checked the price for the 1st time today. Yet another little dump, what the hell's going on? These mini dumps are starting to add up, we need a whale to say 'I've had enough of this crap' then come in & start buying loads of coins. Surely we're not going to sink below 220, surely? That would really, really suck As long as it doesn't go below $210 we'll be fine....ish. Frustrating isn't it mate, I'm not going anywhere, not selling anything but there's a constant black cloud over bitcoin atm. Can't remember the last time there was a positive, bullish vibe around for a sustained period. I suppose we all knew what we were getting into with bitcoin, a risky, highly volatile investment. I guess we HODL on, we wait & hope for better times. This crap can't continue forever, the bears who aren't big players will run out of coins to dump........eventually. We live to fight another day  |
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