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

[marcotheminer]

WE need a faster bitcoin. Because we need people to invest in bitcoin, make it apart of their daily lives. Minute to minute.
We need stupid people like me and Mike Tyson, to buy bitcoin. Drive up that damn price. And Mike Tyson ain't got time to wait dem 10 minutes.

What you are asking already exists: Just buy litecoin or dogecoin man.

LTC 4x block frequency / 4x capacity / cheaper to transact

DOGE 10x block frequency / 10x capacity / practically free to transact

Litecoin: not developed enough (merchant acceptance, users, services).

Dogecoin: basically a joke currency/for the fun.

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[Bagatell]

Litecoin: not developed enough (merchant acceptance, users, services).

That might change.

https://redd.it/3hpsd8

[AlexGR]

WE need a faster bitcoin. Because we need people to invest in bitcoin, make it apart of their daily lives. Minute to minute.
We need stupid people like me and Mike Tyson, to buy bitcoin. Drive up that damn price. And Mike Tyson ain't got time to wait dem 10 minutes.

What you are asking already exists: Just buy litecoin or dogecoin man.

LTC 4x block frequency / 4x capacity / cheaper to transact

DOGE 10x block frequency / 10x capacity / practically free to transact

Litecoin: not developed enough (merchant acceptance, users, services).

Dogecoin: basically a joke currency/for the fun.

And the solution is to change bitcoin's parameter with a TV-ads approach of "bigger is better" and "faster is better" pseudo-campaign?

So next thing we know, people will be forking bitcoin because

- it has small blocks that "don't scale" (fork already provided in the form of XT- check)

- it has 10 minute blocks ("should be 5minutes or 2 minutes, so we'll fork it for the lolz, because, yeah, people can't wait 10minutes or 60 minutes if a block is late... that can't rival visa that way"

- (once the price goes over 5-10.000$ and transactions are done in 0.00x - 0.000x btc) "it has too many decimals, most people don't like them, let's fork it with proper integer units to adequately reflect value!".

- it is very centralized due to asic manufacturers etc... "we need to shift from sha256 to an asic-resistant algorithm... we'll fork it right away".

- (after the block size increase doesn't provide adequate fee compensation for the miners): "We need to increase inflation to keep our network secure, so the 21m coin cap will be no more. The alternative of non-scaling can't be sacrificed, so we'll sacrifice the fixed cap. Fork it..."


No thanks. I prefer intelligent dialogue between the core team until they have consensus. This is a multi-billion project, you can't go like a raging bull around the place.

[ChartBuddy]

Coin
Explanation

[Fatman3001]

WE need a faster bitcoin. Because we need people to invest in bitcoin, make it apart of their daily lives. Minute to minute.
We need stupid people like me and Mike Tyson, to buy bitcoin. Drive up that damn price. And Mike Tyson ain't got time to wait dem 10 minutes.

What you are asking already exists: Just buy litecoin or dogecoin man.

LTC 4x block frequency / 4x capacity / cheaper to transact

DOGE 10x block frequency / 10x capacity / practically free to transact

Litecoin: not developed enough (merchant acceptance, users, services).

Dogecoin: basically a joke currency/for the fun.

And the solution is to change bitcoin's parameter with a TV-ads approach of "bigger is better" and "faster is better" pseudo-campaign?

So next thing we know, people will be forking bitcoin because

- it has small blocks that "don't scale" (fork already provided in the form of XT- check)

- it has 10 minute blocks ("should be 5minutes or 2 minutes, so we'll fork it for the lolz, because, yeah, people can't wait 10minutes or 60 minutes if a block is late... that can't rival visa that way"

- (once the price goes over 5-10.000$ and transactions are done in 0.00x - 0.000x btc) "it has too many decimals, most people don't like them, let's fork it with proper integer units to adequately reflect value!".

- it is very centralized due to asic manufacturers etc... "we need to shift from sha256 to an asic-resistant algorithm... we'll fork it right away".

- (after the block size increase doesn't provide adequate fee compensation for the miners): "We need to increase inflation to keep our network secure, so the 21m coin cap will be no more. The alternative of non-scaling can't be sacrificed, so we'll sacrifice the fixed cap. Fork it..."


No thanks. I prefer intelligent dialogue between the core team until they have consensus. This is a multi-billion project, you can't go like a raging bull around the place.

This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

[hdbuck]

WE need a faster bitcoin. Because we need people to invest in bitcoin, make it apart of their daily lives. Minute to minute.
We need stupid people like me and Mike Tyson, to buy bitcoin. Drive up that damn price. And Mike Tyson ain't got time to wait dem 10 minutes.

What you are asking already exists: Just buy litecoin or dogecoin man.

LTC 4x block frequency / 4x capacity / cheaper to transact

DOGE 10x block frequency / 10x capacity / practically free to transact

Litecoin: not developed enough (merchant acceptance, users, services).

Dogecoin: basically a joke currency/for the fun.

And the solution is to change bitcoin's parameter with a TV-ads approach of "bigger is better" and "faster is better" pseudo-campaign?

So next thing we know, people will be forking bitcoin because

- it has small blocks that "don't scale" (fork already provided in the form of XT- check)

- it has 10 minute blocks ("should be 5minutes or 2 minutes, so we'll fork it for the lolz, because, yeah, people can't wait 10minutes or 60 minutes if a block is late... that can't rival visa that way"

- (once the price goes over 5-10.000$ and transactions are done in 0.00x - 0.000x btc) "it has too many decimals, most people don't like them, let's fork it with proper integer units to adequately reflect value!".

- it is very centralized due to asic manufacturers etc... "we need to shift from sha256 to an asic-resistant algorithm... we'll fork it right away".

- (after the block size increase doesn't provide adequate fee compensation for the miners): "We need to increase inflation to keep our network secure, so the 21m coin cap will be no more. The alternative of non-scaling can't be sacrificed, so we'll sacrifice the fixed cap. Fork it..."


No thanks. I prefer intelligent dialogue between the core team until they have consensus. This is a multi-billion project, you can't go like a raging bull around the place.

This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

you dont know what you are talking about. pls stop. not here anyway.

[Fatman3001]

WE need a faster bitcoin. Because we need people to invest in bitcoin, make it apart of their daily lives. Minute to minute.
We need stupid people like me and Mike Tyson, to buy bitcoin. Drive up that damn price. And Mike Tyson ain't got time to wait dem 10 minutes.

What you are asking already exists: Just buy litecoin or dogecoin man.

LTC 4x block frequency / 4x capacity / cheaper to transact

DOGE 10x block frequency / 10x capacity / practically free to transact

Litecoin: not developed enough (merchant acceptance, users, services).

Dogecoin: basically a joke currency/for the fun.

And the solution is to change bitcoin's parameter with a TV-ads approach of "bigger is better" and "faster is better" pseudo-campaign?

So next thing we know, people will be forking bitcoin because

- it has small blocks that "don't scale" (fork already provided in the form of XT- check)

- it has 10 minute blocks ("should be 5minutes or 2 minutes, so we'll fork it for the lolz, because, yeah, people can't wait 10minutes or 60 minutes if a block is late... that can't rival visa that way"

- (once the price goes over 5-10.000$ and transactions are done in 0.00x - 0.000x btc) "it has too many decimals, most people don't like them, let's fork it with proper integer units to adequately reflect value!".

- it is very centralized due to asic manufacturers etc... "we need to shift from sha256 to an asic-resistant algorithm... we'll fork it right away".

- (after the block size increase doesn't provide adequate fee compensation for the miners): "We need to increase inflation to keep our network secure, so the 21m coin cap will be no more. The alternative of non-scaling can't be sacrificed, so we'll sacrifice the fixed cap. Fork it..."


No thanks. I prefer intelligent dialogue between the core team until they have consensus. This is a multi-billion project, you can't go like a raging bull around the place.

This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

you dont know what you are talking about. pls stop. not here anyway.

Perhap, but please explain to retarded little me how these are not straw man arguments?

[AlexGR]

This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

There is no straw man here. It's attacking the fundamental rationale behind what is happening.

2 devs saw that BTC should go another way regarding one of its parameters and they forked it. If they can do that, why not do the same for some other parameter, as they see fit?

[Fatman3001]

This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

There is no straw man here. It's attacking the fundamental rationale behind what is happening.

2 devs saw that BTC should go another way regarding one of its parameters and they forked it. If they can do that, why not do the same for some other parameter, as they see fit?

For the sake of argument I am willing to accept that those are slippery slope arguments, but it's still not what's being proposed. And that seems to be quite common among those who oppose XT.

[hdbuck]

This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

There is no straw man here. It's attacking the fundamental rationale behind what is happening.

2 devs saw that BTC should go another way regarding one of its parameters and they forked it. If they can do that, why not do the same for some other parameter, as they see fit?

For the sake of argument I am willing to accept that those are slippery slope arguments, but it's still not what's being proposed. And that seems to be quite common among those who oppose XT.

stfu. told you this is not the place. no need to spill your ignorance everywhere, thinking your opinion matter in the first place.

wall obs thread. lets keep it that way. go altcoin section.

[Fatman3001]

This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

There is no straw man here. It's attacking the fundamental rationale behind what is happening.

2 devs saw that BTC should go another way regarding one of its parameters and they forked it. If they can do that, why not do the same for some other parameter, as they see fit?

For the sake of argument I am willing to accept that those are slippery slope arguments, but it's still not what's being proposed. And that seems to be quite common among those who oppose XT.

stfu. told you this is not the place. no need to spill your ignorance everywhere, thinking your opinion matter in the first place.

wall obs thread. lets keep it that way. go altcoin section.

Have I ever told you that you're a complete ass?

[hdbuck]

cry me a river.

[Fatman3001]

cry me a river.

[AlexGR]

This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

There is no straw man here. It's attacking the fundamental rationale behind what is happening.

2 devs saw that BTC should go another way regarding one of its parameters and they forked it. If they can do that, why not do the same for some other parameter, as they see fit?

For the sake of argument I am willing to accept that those are slippery slope arguments, but it's still not what's being proposed. And that seems to be quite common among those who oppose XT.

Poster earlier said "we need faster btc, not 10 minutes BTC".

Andersen and Hearn said "we need bigger btc, not 1mb BTC"

Next thing you know, a guy who doesn't follow protocol, just like Andersen and Hearn did, forks it in favor of 2x - 5x faster transactions and claims all the other guys are cripple coiners for insisting on a time limit that is slow and that can't rival visa. He proclaims that speed is a necessary element for getting wide adoption and that otherwise we'll be favoring payment processors that can take 0-conf transactions - so we really NEED these lower conf. times.

See how good it sounds? But these populist appeals to bigger-better-faster are bullshit.

If you ask anyone whether they want a bitcoin that can transact faster or be able to cope with more transactions, they will all say yes. Why wouldn't they? But there are very good technical reasons why we don't currently have 10mb blocks, or a high block frequency, or zero fees, or or or.

For most people these technical reasons are elusive, and that means that their decision in favor of a "better" bitcoin can be heavily influenced due to all those factors that they ignore.

So let's just leave the actual devs that know how BTC works, and that perform very thorough analyses on how it'll work out if they change key parameters, to decide the next development steps of BTC.

[ChartBuddy]

Coin
Explanation

[Dump3er]

[fonsie]

So let's just leave the actual devs that know how BTC works, and that perform very thorough analyses on how it'll work out if they change key parameters, to decide the next development steps of BTC.

Indeed and that's exactly what Gavin and Mike did.

And no they didn't fork anything, besides the GitHub repository. If bitcoin forks it's because more than 75% wants it. No need to cry about it now.


Some other news:
http://www.bloomberg.com/news/articles/2015-08-21/brazil-has-yet-another-big-mess-on-its-hands-after-state-default


I guess the experiment failed big time, best to flood the entire country and start from scratch. I even heard in the hallways that one of their supposedly smart Professors has given up all hope and rather wastes his time online then to help his fellow citizens...

[podyx]

[ChartBuddy]

Coin
Explanation

[abercrombie]

is crypto done??