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

[JimboToronto]

Another good morning Bitcoinland.

Looks like that ugly red Halloween candle was indeed an aberration and we're back on the upswing, flirting with $340.

Nice and steady please.

[billyjoeallen]

Prepare to sell Hearn just went nuclear on the XT FUD, Core bashing in extremis ...

https://medium.com/@octskyward/on-block-sizes-e047bc9f830#.366dmgcto

He has well-reasoned arguments. Core deserves to be bashed.

A well-reasoned response:

https://medium.com/@btcdrak/full-of-lies-and-desperation-of-someone-who-risked-his-entire-reputation-on-something-and-lost-and-6c206e68d0cf#.i2wtg2uhv

This is not a reasoned response. Just one example:

"The Scaling Bitcoins conferences are not specifically about blocksize, but about how to scale bitcoin efficiently and without risk."

ALL change carries a certain amount of risk. To claim that NO risk is the standard, then you are advocating NO CHANGE just as Mike Hearn has claimed.

The relevant issue is whether or not the risk of increasing blocksize outweighs the risk of not doing so. The risk of waiting vs. the risk of acting in a timely manner. You should get the idea.

[bassclef]

Bitcoin Monthly Candles

Who's ready?

[xyzzy099]

Prepare to sell Hearn just went nuclear on the XT FUD, Core bashing in extremis ...

https://medium.com/@octskyward/on-block-sizes-e047bc9f830#.366dmgcto

He has well-reasoned arguments. Core deserves to be bashed.

A well-reasoned response:

https://medium.com/@btcdrak/full-of-lies-and-desperation-of-someone-who-risked-his-entire-reputation-on-something-and-lost-and-6c206e68d0cf#.i2wtg2uhv

This is not a reasoned response. Just one example:

"The Scaling Bitcoins conferences are not specifically about blocksize, but about how to scale bitcoin efficiently and without risk."

ALL change carries a certain amount of risk. To claim that NO risk is the standard, then you are advocating NO CHANGE just as Mike Hearn has claimed.

The relevant issue is whether or not the risk of increasing blocksize outweighs the risk of not doing so. The risk of waiting vs. the risk of acting in a timely manner. You should get the idea.

You are just making a semantic argument.  I'm sure BTCDrak did not mean literally entirely without risk, and no reasonable reader would interpret it that way.

[hdbuck]

Prepare to sell Hearn just went nuclear on the XT FUD, Core bashing in extremis ...

https://medium.com/@octskyward/on-block-sizes-e047bc9f830#.366dmgcto

He has well-reasoned arguments. Core deserves to be bashed.

A well-reasoned response:

https://medium.com/@btcdrak/full-of-lies-and-desperation-of-someone-who-risked-his-entire-reputation-on-something-and-lost-and-6c206e68d0cf#.i2wtg2uhv

This is not a reasoned response. Just one example:

"The Scaling Bitcoins conferences are not specifically about blocksize, but about how to scale bitcoin efficiently and without risk."

ALL change carries a certain amount of risk. To claim that NO risk is the standard, then you are advocating NO CHANGE just as Mike Hearn has claimed.

The relevant issue is whether or not the risk of increasing blocksize outweighs the risk of not doing so. The risk of waiting vs. the risk of acting in a timely manner. You should get the idea.

you know nothing about risk, just the coupla dollars you 'invest' on btc when it was ath.

[Fatman3001]

Bitcoin Monthly Candles

Who's ready?

Wow, that's impressive!

[ssmc2]

^ Beautiful ^

[marcus_of_augustus]

Bitcoin Monthly Candles

Who's ready?

correlated?

[Sitarow]

[koryu]

Bitcoin Monthly Candles

Who's ready?

Looks like a 2 year long bull flag    I am ready

[noobtrader]

bear will be crushed after the silk road auction, right after they realize that they need to cover their loss before its too late. 

[Cconvert2G36]

This is not a reasoned response. Just one example:

"The Scaling Bitcoins conferences are not specifically about blocksize, but about how to scale bitcoin efficiently and without risk."

ALL change carries a certain amount of risk. To claim that NO risk is the standard, then you are advocating NO CHANGE just as Mike Hearn has claimed.

The relevant issue is whether or not the risk of increasing blocksize outweighs the risk of not doing so. The risk of waiting vs. the risk of acting in a timely manner. You should get the idea.

you know nothing about risk, just the coupla dollars you 'invest' on btc when it was ath.

How 'bout we check the join dates of you both, hmm?

[billyjoeallen]

Prepare to sell Hearn just went nuclear on the XT FUD, Core bashing in extremis ...

https://medium.com/@octskyward/on-block-sizes-e047bc9f830#.366dmgcto

He has well-reasoned arguments. Core deserves to be bashed.

A well-reasoned response:

https://medium.com/@btcdrak/full-of-lies-and-desperation-of-someone-who-risked-his-entire-reputation-on-something-and-lost-and-6c206e68d0cf#.i2wtg2uhv

This is not a reasoned response. Just one example:

"The Scaling Bitcoins conferences are not specifically about blocksize, but about how to scale bitcoin efficiently and without risk."

ALL change carries a certain amount of risk. To claim that NO risk is the standard, then you are advocating NO CHANGE just as Mike Hearn has claimed.

The relevant issue is whether or not the risk of increasing blocksize outweighs the risk of not doing so. The risk of waiting vs. the risk of acting in a timely manner. You should get the idea.

you know nothing about risk, just the coupla dollars you 'invest' on btc when it was ath.

The bulk of my holdings were purchased between six and twelve $/BTC as you should know. You've been around long enough. 

[BitMaxz]

On november 1 saw the price is going down but its effect of the holliday but the price still pumping up. soon It will reach $340...

[jbreher]

Prepare to sell Hearn just went nuclear on the XT FUD, Core bashing in extremis ...

https://medium.com/@octskyward/on-block-sizes-e047bc9f830#.366dmgcto

...yet his article totally avoids discussion of the other crap he tried to sneak into XT. Were XT limited to the block size change ( his '...single number...' claim - riiiight), I would be running it. It may not be the best approach to the block size, but it's a damned sight better than 1 MB forever (or even 1 MB now). But with the other crap changes? No thanks.

[billyjoeallen]

Prepare to sell Hearn just went nuclear on the XT FUD, Core bashing in extremis ...

https://medium.com/@octskyward/on-block-sizes-e047bc9f830#.366dmgcto

He has well-reasoned arguments. Core deserves to be bashed.

A well-reasoned response:

https://medium.com/@btcdrak/full-of-lies-and-desperation-of-someone-who-risked-his-entire-reputation-on-something-and-lost-and-6c206e68d0cf#.i2wtg2uhv

This is not a reasoned response. Just one example:

"The Scaling Bitcoins conferences are not specifically about blocksize, but about how to scale bitcoin efficiently and without risk."

ALL change carries a certain amount of risk. To claim that NO risk is the standard, then you are advocating NO CHANGE just as Mike Hearn has claimed.

The relevant issue is whether or not the risk of increasing blocksize outweighs the risk of not doing so. The risk of waiting vs. the risk of acting in a timely manner. You should get the idea.

You are just making a semantic argument.  I'm sure BTCDrak did not mean literally entirely without risk, and no reasonable reader would interpret it that way.

Judging by his actions (or lack thereof), I am not convinced that he did not literally mean it. I'm being serious. 

[xyzzy099]

Prepare to sell Hearn just went nuclear on the XT FUD, Core bashing in extremis ...

https://medium.com/@octskyward/on-block-sizes-e047bc9f830#.366dmgcto

He has well-reasoned arguments. Core deserves to be bashed.

A well-reasoned response:

https://medium.com/@btcdrak/full-of-lies-and-desperation-of-someone-who-risked-his-entire-reputation-on-something-and-lost-and-6c206e68d0cf#.i2wtg2uhv

This is not a reasoned response. Just one example:

"The Scaling Bitcoins conferences are not specifically about blocksize, but about how to scale bitcoin efficiently and without risk."

ALL change carries a certain amount of risk. To claim that NO risk is the standard, then you are advocating NO CHANGE just as Mike Hearn has claimed.

The relevant issue is whether or not the risk of increasing blocksize outweighs the risk of not doing so. The risk of waiting vs. the risk of acting in a timely manner. You should get the idea.

You are just making a semantic argument.  I'm sure BTCDrak did not mean literally entirely without risk, and no reasonable reader would interpret it that way.

Judging by his actions (or lack thereof), I am not convinced that he did not literally mean it. I'm being serious. 

What exactly did Mr. BTCDrak do (or not do) to make you feel that way?

[Fatman3001]

Prepare to sell Hearn just went nuclear on the XT FUD, Core bashing in extremis ...

https://medium.com/@octskyward/on-block-sizes-e047bc9f830#.366dmgcto

He has well-reasoned arguments. Core deserves to be bashed.

A well-reasoned response:

https://medium.com/@btcdrak/full-of-lies-and-desperation-of-someone-who-risked-his-entire-reputation-on-something-and-lost-and-6c206e68d0cf#.i2wtg2uhv

This is not a reasoned response. Just one example:

"The Scaling Bitcoins conferences are not specifically about blocksize, but about how to scale bitcoin efficiently and without risk."

ALL change carries a certain amount of risk. To claim that NO risk is the standard, then you are advocating NO CHANGE just as Mike Hearn has claimed.

The relevant issue is whether or not the risk of increasing blocksize outweighs the risk of not doing so. The risk of waiting vs. the risk of acting in a timely manner. You should get the idea.

You are just making a semantic argument.  I'm sure BTCDrak did not mean literally entirely without risk, and no reasonable reader would interpret it that way.

That's very colourful language for a "reasoned response". You sort of have to turn your brain off when someone uses as colourful language as him.

That makes it hard to think. Just look at hdbuck, he turned his off and broke the switch.

And when BtcDraks main argument is "this is too complex for anyone except the devine core developers to understand" I am sort of at a loss at why he even bothers to address the community at all; if the intention was to bring some light on the issue.

[billyjoeallen]

If Core can't find a way to scale the network with a reasonable amount of safety and security in TWO YEARS, then they are incompetent and need to make way for better developers. 

How much time is a reasonable amount of time for you?  I really want to know. Give me an actual number.

[Richy_T]

A well-reasoned response:

https://medium.com/@btcdrak/full-of-lies-and-desperation-of-someone-who-risked-his-entire-reputation-on-something-and-lost-and-6c206e68d0cf#.i2wtg2uhv

"Lost"

Bitcoin XT was around well before BIP-101 and, those that found it useful (of whom I am not one, FWIW) will no doubt continue to use some incarnation of it, whatever happens.

Meanwhile, BIP-101 is out there and has forced the issue of actually addressing the blocksize instead of hoping nobody notices that we're heading toward a brick wall and the guy who runs the repair shop has not been servicing the brakes.

As a bonus, the idea that the core developers maybe should not be the centralized keepers of the keys to the kingdom has been brought into the consciousness.

Before you declare "won" or "lost" be sure you know which game you're playing.