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

[Tzupy]

maybe i should paging tarmi and tzupy... tell them not to short atm. but well, maybe they can fuel the next bullrun to 500 usd EDIT : 5000 usd

Funny... But I don't plan to short yet, maybe about 4 - 5 days from now, if this really runs out of steam.

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[1714315677]

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[noobtrader]

http://www.centralbank.org.bb/news/article/8827/should-cryptocurrencies-be-included-in-the-portfolio-of-international-reserves

can anyone explain to me what this means to us average and noob bitcoiner ?
and what the chances that a nation will include bitcoin as portofolio in their reserves ?

Here is my reading.  Buttcoiny, of course.

sorry, but i dont see any logical and reasonable objection there ?

[JorgeStolfi]

Roger Ver created RBF I believe. Apparently he did not like criticisms of his new forum on his old forum.

RBF is the replace-by-fee queue policy, that Peter Todd implemented and added to Core for the next release.  I don't think that Roger had anything to do with it.

With this change, a transaction that is still unconfirmed will be replaced in the queues by a later transaction that spends the same inputs (even to totally different outputs), if it pays a higher transaction fee.  Howeve the first transaction must have a tag saying that it can be replaced 9at least in this version of the patch).  

This feature is useful only when there is a backlog of unconfirmed transactions: it provides a way for the user to bump the fee on a stuck transaction, to increse its priority.  It also lets a user to cancel an incorrect trasnaction, if he notices the error and reacts before the bad transaction is confirmed.

The impact of this change on payment processors and merchants is not clear, but it is certainly not positive.

EDIT: corrected Freudian slip "cancer a transaction" to "cancel".

[JorgeStolfi]

http://www.centralbank.org.bb/news/article/8827/should-cryptocurrencies-be-included-in-the-portfolio-of-international-reserves
can anyone explain to me what this means to us average and noob bitcoiner ?
and what the chances that a nation will include bitcoin as portofolio in their reserves ?

Here is my reading.  Buttcoiny, of course.

sorry, but i dont see any logical and reasonable objection there ?

The report by those two analysts concludes that, if the Central Bank of Barbados had bought some bitcoin in 2009, it would have made a significant profit by now.  It then extrapolates the exponential growth of the past 6 years to decades in the future, with the obvious results. Based on that analysis, it advises the bank to buy some bitcoin.

[Asrael999]

http://www.centralbank.org.bb/news/article/8827/should-cryptocurrencies-be-included-in-the-portfolio-of-international-reserves
can anyone explain to me what this means to us average and noob bitcoiner ?
and what the chances that a nation will include bitcoin as portofolio in their reserves ?

Here is my reading.  Buttcoiny, of course.

sorry, but i dont see any logical and reasonable objection there ?

The report by those two analysts concludes that, if the Central Bank of Barbados had bought some bitcoin in 2009, it would have made a significant profit by now.  It then extrapolates the exponential growth of the past 6 years to decades in the future, with the obvious results. Based on that analysis, it advises the bank to buy some bitcoin.

their analysis sounds utterly logical and well reasoned.......   thing went up we should have bought it
presumably the usual disclaimers apply

[ChartBuddy]

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Explanation

[Andre#]

More support for jstolfi on /r/btc than on his native board? 
https://www.reddit.com/r/btc/comments/3us1kl/free_jstolfi/

Well, I tried to post only serious stuff to /r/btc .  Perhaps I am a better bitcoiner than buttcoiner after all... 

Or perhaps, in those filtered and pasteurized forums, they feel the lack of a villain to shoot at...

what did jorge do to get a perma there? o.O

It was a 90 day ban.  I don't know why.  I asked the mods but did not get any answer. 

I only made two posts there yesterday, after being absent for ~2 months.  One critic of the 21co Computer, the other explaining the new RBF and criticizing the lack of a fixed queue policy. 

Maybe the ban had nothing to do with those posts.  Probably some of my old "enemies" there just reported me as a troll based on the whole of my "work".

Or perhaps Roger Ver, the owner of /r/btc, was pissed off about some not so nice things I wrote about him elsewhere (such as taking the side of OKCoin in the dispute over bitcoin.com).

Disappointing. At least it makes the choice between /r/btc and /r/bitcoinxt a little easier for me.

[bitebits]

Proper sell wall. Someone clearly likes to prevent it from going > 400$.

[yefi]

With this change, a transaction that is still unconfirmed will be replaced in the queues by a later transaction that spends the same inputs (even to totally different outputs), if it pays a higher transaction fee.  Howeve the first transaction must have a tag saying that it can be replaced 9at least in this version of the patch).  

This feature is useful only when there is a backlog of unconfirmed transactions: it provides a way for the user to bump the fee on a stuck transaction, to increse its priority.  It also lets a user to cancel an incorrect trasnaction, if he notices the error and reacts before the bad transaction is confirmed.

I'm surprised it's taken this long to implement retroactive transaction fees. Not sure about spending to different outputs though.

[ChartBuddy]

Coin



Explanation

[Andre#]

With this change, a transaction that is still unconfirmed will be replaced in the queues by a later transaction that spends the same inputs (even to totally different outputs), if it pays a higher transaction fee.  Howeve the first transaction must have a tag saying that it can be replaced 9at least in this version of the patch).  

This feature is useful only when there is a backlog of unconfirmed transactions: it provides a way for the user to bump the fee on a stuck transaction, to increse its priority.  It also lets a user to cancel an incorrect trasnaction, if he notices the error and reacts before the bad transaction is confirmed.

I'm surprised it's taken this long to implement retroactive transaction fees. Not sure about spending to different outputs though.

Not sure? Surely an understatement. It's baaaaaad!

[gizmoh]

Bitstamp will switch to Bip 101 this December:

https://forum.bitcoin.com/post10195.html#p10195

[becoin]

Bitstamp will switch to Bip 101 this December

All bitcoin exchanges have built-in interest to support XT altcoin. Their business depends on the parallel existence of bitcoin and fiat money until the end of the world. But this is not the interest of the bitcoin community!

[oda.krell]

what did jorge do to get a perma there? o.O

It was a 90 day ban.  I don't know why.  I asked the mods but did not get any answer. 

I only made two posts there yesterday, after being absent for ~2 months.  One critic of the 21co Computer, the other explaining the new RBF and criticizing the lack of a fixed queue policy. 

Maybe the ban had nothing to do with those posts.  Probably some of my old "enemies" there just reported me as a troll based on the whole of my "work".

Or perhaps Roger Ver, the owner of /r/btc, was pissed off about some not so nice things I wrote about him elsewhere (such as taking the side of OKCoin in the dispute over bitcoin.com).

Could be related to your co-existence in r/bitcoin and r/buttcoin. Mutual dislike, mutually nervous trigger finger for bans, as far as I can tell.

More support for jstolfi on /r/btc than on his native board?  ;)
https://www.reddit.com/r/btc/comments/3us1kl/free_jstolfi/

Well, I tried to post only serious stuff to /r/btc .  Perhaps I am a better bitcoiner than buttcoiner after all...  ;D

Or perhaps, in those filtered and pasteurized forums, they feel the lack of a villain to shoot at...

Probably said something like this before, but then again, your detractors never fail to repeat themselves either in here, so...

I'm not entirely unhappy having you post in here.

I disagree with plenty of your political and economical premises, and more importantly, I believe you show a certain bias in accepting evidence and arguments depending on which 'side' it is coming from -- which is, imo, a cardinal sin for someone from a formal field.

That said, your (extremely critical) contributions are intellectually still leagues above what passes for "criticism" in here otherwise -- which otherwise tends to be FUD'ish meme spam and barely coherent ad hominems against "bitcoiners".

So, in that sense: Thanks for your contributions in here, even if, more often than not, they happen to be wrong-ish ;)

[ChartBuddy]

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Explanation

[TReano]

So looks like 380-400$ is the place to take profits / scalp some shorts? 

[oda.krell]

That said, your (extremely critical) contributions are intellectually still leagues above what passes for "criticism" in here otherwise -- which otherwise tends to be FUD'ish meme spam and barely coherent ad hominems against "bitcoiners".

Oda.krell, imagine yourself debating the finer points of economics with people who cite David Icke.

Agreed: on the economical side, I'm not seeing much merit maybe But I've had a few pretty good discussion with Jorge on more technical issues in the past, and that's worth something in here, imo.

[luckygenough56]

looks bad right now i must say

[8up]

Bitstamp will switch to Bip 101 this December

All bitcoin exchanges have built-in interest to support XT altcoin. Their business depends on the parallel existence of bitcoin and fiat money until the end of the world. But this is not the interest of the bitcoin community!

Why not leave it to the built-in consenus mechanism. This "discussion" is plain stupid. In the end block size limit will be lifted. Just nobody knows, when it will happen!

[ChartBuddy]

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Explanation