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

[ChartBuddy]

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[TerraMaster]

As far as the fork, I see and understand the need, but not so sure now is the time, and have other reservations in general. Always like to keep things true to form such as the originality of what BTC is and nobody likes to be on that losing side of a fork... no matter how short it is. lol

[Cconvert2G36]

Bitfinex CEO. Talk of that which should not be named at 0:34:15.

https://soundcloud.com/whaleclub-bitcoin/bitfinex-ceo-recording-after-18082015-flash-crash

Voice of Reason.

[Adrian-x]

feels a lot like the action on the silk road take down flash crash (which began the major 2013 major leg up), like market is waiting for some "news" to flush out the last of the weak hands before hitting major bull mode ... and $161 on finex is now double bottom no?

this is how it works new actors and coin distribution = new market information. this is the one chance those cripple coiners get to buy in before we say good buy. (up or down)

Would you please stop your bs and concern yourself with supporting what is essentially NSA-XT http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010379.html

if that's true it's the cripple coiners to blame, they are holding the network hostage with limited transactions calling the only option to allow bigger block next year a unnecessary rush. Gavin has found a willing option to increase the block size in XT.

[JayJuanGee]

I have that feeling bears will want to repeat sub 200$ in next few hours.

 yes, it's very likely. look at the volume. nothing like last winters crash. it's far from over.

You really think so?

I'm kind of thinking the same... like there is going to be another downward price battle.... ...

[brg444]

feels a lot like the action on the silk road take down flash crash (which began the major 2013 major leg up), like market is waiting for some "news" to flush out the last of the weak hands before hitting major bull mode ... and $161 on finex is now double bottom no?

this is how it works new actors and coin distribution = new market information. this is the one chance those cripple coiners get to buy in before we say good buy. (up or down)

Would you please stop your bs and concern yourself with supporting what is essentially NSA-XT http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010379.html

if that's true it's the cripple coiners to blame, they are holding the network hostage with limited transactions calling the only option to allow bigger block next year a unnecessary rush. Gavin has found a willing option to increase the block size in XT.

I think it's quite clear by now there is consensus that blocks should eventually increase. As such there is no "cripple coiners". Only people in disagreement as to how we should proceed.

Where is the demand for your transactions !? I'm not seeing it. Except some useless spam tests the network is in no way, shape or form, "held hostage". This is just another one of you XT supporters urgency "hyperbole"

Gavin has been compromised and working with Hearn to sabotage Bitcoin or shape it into a corporation playtoy.

It's time we rid ourselves of these two dangerous government shills. It's been a long time coming really...

Get to grip with reality and stop making yourself sound like a retard.

"Herrppp it's the cripplecoiners to blame for Gavin siding w/ a known Bitcoin-breaker and promoting a divisive fork riddled with NSA extra-code, derpppp"

[adamstgBit]

If bitcoin gets backed by the NSA is this bullish?

[JayJuanGee]

If bitcoin gets backed by the NSA is this bullish?

Difficult to know what to believe in times like these.

Maybe we need a poll to attempt to figure out public sentiment, especially since the current poll seems to be biased in an inaccurate bullish direction (as bullish as i wished the price would be)...

[Adrian-x]

feels a lot like the action on the silk road take down flash crash (which began the major 2013 major leg up), like market is waiting for some "news" to flush out the last of the weak hands before hitting major bull mode ... and $161 on finex is now double bottom no?

this is how it works new actors and coin distribution = new market information. this is the one chance those cripple coiners get to buy in before we say good buy. (up or down)

Would you please stop your bs and concern yourself with supporting what is essentially NSA-XT http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010379.html

if that's true it's the cripple coiners to blame, they are holding the network hostage with limited transactions calling the only option to allow bigger block next year a unnecessary rush. Gavin has found a willing option to increase the block size in XT.

I think it's quite clear by now there is consensus that blocks should eventually increase. As such there is no "cripple coiners". Only people in disagreement as to how we should proceed.

Where is the demand for your transactions !? I'm not seeing it. Except some useless spam tests the network is in no way, shape or form, "held hostage". This is just another one of you XT supporters urgency "hyperbole"

Gavin has been compromised and working with Hearn to sabotage Bitcoin or shape it into a corporation playtoy.

It's time we rid ourselves of these two dangerous government shills. It's been a long time coming really...

Get to grip with reality and stop making yourself sound like a retard.

"Herrppp it's the cripplecoiners to blame for Gavin siding w/ a known Bitcoin-breaker and promoting a divisive fork riddled with NSA extra-code, derpppp"

demand can come at any time, its not rushing anything to implement a temporary measure to allow bigger blocks that executes next year.
non the less, it seems the science and the maths behind the incentives implies that the miners will limit them selves and its just the ignorant that think they need the laws of me to govern the block size.

[Adrian-x]

If bitcoin gets backed by the NSA is this bullish?

it looks like BS nothing to substantiate it. I think the dump has to do with theymos locking threads that talk about why we need bigger blocks defining talk about bitcoin with bigger blocks off topic, here, on bitcoin.org and on r/bitcoin.

[brg444]

feels a lot like the action on the silk road take down flash crash (which began the major 2013 major leg up), like market is waiting for some "news" to flush out the last of the weak hands before hitting major bull mode ... and $161 on finex is now double bottom no?

this is how it works new actors and coin distribution = new market information. this is the one chance those cripple coiners get to buy in before we say good buy. (up or down)

Would you please stop your bs and concern yourself with supporting what is essentially NSA-XT http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010379.html

if that's true it's the cripple coiners to blame, they are holding the network hostage with limited transactions calling the only option to allow bigger block next year a unnecessary rush. Gavin has found a willing option to increase the block size in XT.

I think it's quite clear by now there is consensus that blocks should eventually increase. As such there is no "cripple coiners". Only people in disagreement as to how we should proceed.

Where is the demand for your transactions !? I'm not seeing it. Except some useless spam tests the network is in no way, shape or form, "held hostage". This is just another one of you XT supporters urgency "hyperbole"

Gavin has been compromised and working with Hearn to sabotage Bitcoin or shape it into a corporation playtoy.

It's time we rid ourselves of these two dangerous government shills. It's been a long time coming really...

Get to grip with reality and stop making yourself sound like a retard.

"Herrppp it's the cripplecoiners to blame for Gavin siding w/ a known Bitcoin-breaker and promoting a divisive fork riddled with NSA extra-code, derpppp"

demand can come at any time, its not rushing anything to implement a temporary measure to allow bigger blocks that executes next year.
non the less, it seems the science and the maths behind the incentives implies that the miners will limit them selves and its just the ignorant that think they need the laws of me to govern the block size.

It's not a temporary measure it's a network fork.

Another important principle of Bitcoin is that stakeholders know the protocol can't change unless a vast, nearly-unanimous consensus agrees to those changes. We have never instituted a protocol change without this threshold of acceptance. It is important to achieve overwhelming consensus on changes to Bitcoin, because that stability underlies confidence in Bitcoin itself. It is disappointing to see so much support for a 75% threshold, which is unprecedented, and with the current network security (SPV mining, etc.) an even lower threshold of support is necessary for this fork to win.

Aside from mere miner consensus, it is a fact that nearly all of the technical expertise in our community outside of Gavin and Mike, including experts from within and outside of the core dev team, do not agree with this fork. It is not a rejection of increasing the block size limit, but a desire to be conservative, spend a little more time fleshing out ideas, and come up with a solution that does not harm decentralization. The block size limit is not just a number, it has huge implications for the scalability, decentralization and security of the entire network. All of the most reputable engineers and cryptocurrency experts in this community are urging caution.

There are workshops on scalability in the following months. There is an active discussion about scalability and the block size limit among the core developers. There is code being developed, and research being done on alternative designs and approaches to our scalability problems.
I would hope that the community could see through this, and understand that hastily forcing a technical decision on the network through politics is a bad idea. If you bypass a process (achieving consensus among experts on well motivated protocol changes) that is designed to be conservative and forge the right path on difficult issues, you risk upending all of the work the developers have done to make Bitcoin a useful monetary system. You not only upend the decision-making process and alienate the people best equipped to improve Bitcoin, but you set a terrible precedent for future disputes on technical matters. It sets a very bad standard for Bitcoin's approach to development.

https://www.reddit.com/r/Bitcoin/comments/3hhykk/bitcoin_xt_will_shake_our_faith_in_bitcoin_in/?sort=confidence

Get some sense would ya

[Adrian-x]

It's not a temporary measure it's a network fork.

every orphaned block is a failed fork get over it its software. r/bitcoin is not a place you can reference it has a bias enforced by moderation.

[marcus_of_augustus]

If bitcoin gets backed by the NSA is this bullish?

it's probably CIA.

more bullish is if the Hearn-Andresen PanoptiCoin social attack gets rekt. and btc earns extra kudos as independent money.

[Cconvert2G36]

If bitcoin gets backed by the NSA is this bullish?

it's probably CIA.

more bullish is if the Hearn-Andresen PanoptiCoin social attack gets rekt. and btc earns extra kudos as independent money.

Is that with a compromise to 2-4MB blocks in core to measure effects? or 1MB4EVA or bust?

[brg444]

If bitcoin gets backed by the NSA is this bullish?

This is the most important and well crafted attack on Bitcoin since probably its origins. They've resorted to use their most experienced and well entrenched moles to institute an hail mary coup to overthrow Bitcoin out of the open-source, cypherpunk community into the hands of corporate and state actors.

It will fail, and this is absolutely bullish.

[JayJuanGee]

hahahahahahaha


Poll taking a conspiratorial bent.   

[Dump3er]

But...but...can we still say?:

One Bitcoin will be always worth one Bitcoin

 

[ChartBuddy]

Coin
Explanation

[marcus_of_augustus]

If bitcoin gets backed by the NSA is this bullish?

it looks like BS nothing to substantiate it. I think the dump has to do with theymos locking threads that talk about why we need bigger blocks defining talk about bitcoin with bigger blocks off topic, here, on bitcoin.org and on r/bitcoin.

https://www.reddit.com/r/Bitcoin/comments/3hixp5/uhoh_privacy_backdoor_in_the_new_fork/

https://www.reddit.com/r/bitcoinxt/comments/3hil8h/bitcoindev_bitcoin_xts_tor_ip_blacklist/

it's why they want as much as possible on-chain in huge blocks only few can maintain/parse. It's a financial dragnet wet dream. Only gubmint stooges can wreck a good thing so wantonly because they only give a damn about control not betterment ...

[Spaceman_Spiff]

Holy fuck, what a way to wake up!
Grumbles Grumbles stupid need for sleep !!