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

[brg444]

I'm now suspecting Gmax was the whale buying all along 

http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011865.html

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[1714489860]

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[peonminer]

I'm now suspecting Gmax was the whale buying all along  

http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011865.html

For the shorthand version, reference

TL;DR:  I propose we work immediately towards the segwit 4MB block
soft-fork which increases capacity and scalability, and recent speedups
and incoming relay improvements make segwit a reasonable risk. BIP9
and segwit will also make further improvements easier and faster to
deploy. We’ll continue to set the stage for non-bandwidth-increase-based
scaling, while building additional tools that would make bandwidth
increases safer long term. Further work will prepare Bitcoin for further
increases, which will become possible when justified, while also providing
the groundwork to make them justifiable.

Science, bitch!


LONG N' STRONG
Just for you lambie

[BlindMayorBitcorn]

Why do we have such high levels of A.D.D. in this thread - without intensive BTC price for 24 hours or so, peeps lose their interest?
Maybe lambie did serve some kind of productive purpose in distracting/entertaining us with various bullshit non-bitcoin distractions, while we wait for the next price spike?

He gave you a common enemy to unite you. Without He Who Is Without Sin to rage against, you turn on each other. Like rabid shrews in a fishbowl, bit-coin drug addicts turn on bTC-coin gamblers, BitCoin sig ad spammers tear into bitcointalk account dealers, money launderers start to feed on usurers -- like leaches sucking out life from each other. We won't even mention what bit~coin pedophiles start doing, because NSFW
TheLamb gave you reason for being...

'“Ah, Grendel!” he said. He seemed that instant almost to rise to pity. “You improve them, my boy! Can’t you see that yourself? You stimulate them! You make them think and scheme. You drive them to poetry, science, religion, all that makes them what they are for as long as they last. You are, so to speak, the brute existent by which they learn to define themselves.”'

VV   peonminer  This user is currently ignored.
       Unignore

Such thoughts, many wisdoms.

[JayJuanGee]

I'm now suspecting Gmax was the whale buying all along  

http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011865.html

For the shorthand version, reference

TL;DR:  I propose we work immediately towards the segwit 4MB block
soft-fork which increases capacity and scalability, and recent speedups
and incoming relay improvements make segwit a reasonable risk. BIP9
and segwit will also make further improvements easier and faster to
deploy. We’ll continue to set the stage for non-bandwidth-increase-based
scaling, while building additional tools that would make bandwidth
increases safer long term. Further work will prepare Bitcoin for further
increases, which will become possible when justified, while also providing
the groundwork to make them justifiable.

Bitcoin is about to launch like a dragster

Whenever we get into a bouncing back and forth of within 2-4% of value, we need at least a double dose of volatility before our attention is raised.

 Accordingly, currently, I will perk up below $380 or above $410.

[peonminer]

Krampus came early this year in the form of lambie

[ChartBuddy]

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[peonminer]

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[nioc]

Thank you

[brg444]

why no one told me $gbtc closed at 520$ 

[ImI]

yawn.gif

[ChartBuddy]

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[JorgeStolfi]

Why 4x? Well, 0.12 just made transaction validation like 7x faster I believe with libsecp256k1. The impact on relay, there are technologies that have been discussed earlier like IBLT and weak blocks. So segwit fixes malleability ,allows more Script upgrades, allows fraud proofs, allows pruning blocks for historical data, improves bandwidth usage for light nodes and historical sync, and it's P2SH compatible for old senders so that non-upgraders can still send funds. This gives us time for IBLT and weak blocks to develop, so that we can see whether the relay and propagation stuff can have time to work.

http://diyhpl.us/wiki/transcripts/scalingbitcoin/hong-kong/segregated-witness-and-its-impact-on-scalability/

I think even the worst of the big-blocker-or-bust have to stfu and think before looking very stoopid now.

So, all that "concern trolling" about the terrible consequences of large blocks by Adam, Greg, and the rest of the Blockstream/Viacoin crowd was just bullshit, and they kew it. Segregated Witness will allow 4-5 MB blocks "soon"(because they will not wait for consensus, of course, but intend to deploy it in "stealth mode", aka "soft fork ).  And they are all euphoric about it.  

I wonder how the small-blockians who sincerely believed that bullshit are feeling now.  Betrayed and duped? Probably not: like that speaker from 1984, they will swicth in mid-sentence from "blocks larger than 1 MB will kill bitcoin" to "4 MB blocks are wonderful".  From "we need the fee market to support miners and push traffic to off-chain solutions" to "segregated witnesses is essential to let bitcoin to grow without running into saturation".

To be sure, Blockstreamers only now are coming to realize that an increase of the effective block size limit to 4 MB will have the unexpected and unwelcome consequence of increasing the effective block size limit to 4 MB.  So Luke has already proposed to keep the 1 MB limit for the total block size, including the segregated part. And Greg, in his characteristic straightforward and honest manner, has proposed to combine SW with Adam's 2-4-8 block size limit plan, but "scaled for the effect of segregated witnesses" -- which must mean setting the nominal block size limit to 0.5-1-2 MB.

But they should not worry, since the space savings will only occur if the clients start issuing transactions in the new SW format.  Which will not happen right away, if SW is deployed by soft fork.  And even after the clients have upgraded, the use of SW will be optional.  Will there be incentives for the clients to use it?

[peonminer]

BTCitcoin is about to moon!

 The world economy just got canned! BTCitcoin is more valuable than ever right now! The price will soon reflect!

On Monday, the price of U.S. oil dropped below 38 dollars a barrel for the first time in six years.  The last time the price of oil was this low, the global financial system was melting down and the U.S. economy was experiencing the worst recession that it had seen since the Great Depression of the 1930s.  As I write this article, the price of U.S. oil is sitting at $37.65.  For months, I have been warning that the crash in the price of oil would be extremely deflationary and would have severe consequences for the global economy.  Nations such as Japan, Canada, Brazil and Russia have already plunged into recession, and more than half of all major global stock market indexes are down at least 10 percent year to date.  The first major global financial crisis since 2009 has begun, and things are only going to get worse as we head into 2016.

Analysts at Goldman Sachs are even more pessimistic than that. According to Business Insider, they are saying that we could eventually see the price of oil go below 20 dollars a barrel…

At OPEC’s meeting on Friday, member countries decided to set its production level at 31.5 million barrels per day, and did not agree on what the new limit should be.

After OPEC’s meeting, commodity strategists at Goldman put out a note saying that oil prices could plunge another 50% in the coming months, as the oil market tries to rebalance the supply and demand situation.

That may sound really good to you, especially if you fill up your gas tank frequently.  But the truth is that plunging oil prices are exceedingly bad for the U.S. economy as a whole.  In recent years, the energy industry has been the primary engine for the creation of good jobs in this country, and now those firms are having to lay off people at a frightening pace.  Not only that, CNBC’s Jim Cramer is warning that many of these firms may actually start going under if the price of oil doesn’t start going back up soon…

Former global macro fund manager Raoul Pal says there’s now a 65% chance of a global recession.

What amazes me is that so many people out there cannot see what is happening even though the next great crisis has already started.  The evidence is all around us, and yet so many choose to be willingly blind.

Instead of fixing our problems after the last crisis, we just papered them over with lots of money printing and lots more debt.  And of course all of this manipulation just made our long-term problems even worse.  I really like how Peter Schiff put it recently…

What’s happening is pretty much what we would anticipate. I don’t see from the data any real economic recovery, certainly not in the United States.

We’re spending more money, but it’s not because we’re generating more wealth. We’re generating more debt. We’re using that borrowed money to consume and so temporarily it feels that we’re wealthier because we get to spend all that money… but we have to come to terms with paying the bill.

The bills are going to come due. Right now interest rates are being kept at zero which makes it possible to service the debt even though it’s impossible to repay it… at least we can service it. But once interest rates go up then we can’t even service it let alone repay it.

And then the party is going to come to an end.

Indeed – the party is coming to an end, and a new financial crisis is playing out in textbook fashion right in front of our eyes.

Hopefully you are already prepared for what is coming next, because it is going to be extremely painful for the U.S. economy.

http://beforeitsnews.com/alternative/2015/12/guess-what-happened-the-last-time-the-price-of-oil-plunged-below-38-dollars-a-barrel-3254062.html

Brent and U.S. crude settled at or near February 2009 lows in belated reaction to the Organization of the Petroleum Exporting Countries' (OPEC) policy meeting on Friday which ended without an agreement to lower production.

"Price-wise, the market could be going for max pain after this," King said.

http://www.reuters.com/article/us-global-oil-idUSKBN0TQ03V20151208

Stocks have given back nearly half of Friday's big gains following a steep sell-off today for oil and industrial metals. The energy sector by far has been the biggest loser among the 10 industrial sectors in the S&P 500 after crude oil prices plunged to a seven-year low.

http://www.nasdaq.com/article/stocks-sell-off-as-oil-plummets-to-seven-year-low-cm551132

BTCitcoin officially FULL BULL MODE

Sorry Lambie. Your central banky facade is about to come to an end. Forever.

[brg444]

To be sure, Blockstreamers only now are coming to realize that an increase of the effective block size limit to 4 MB will have the unexpected and unwelcome consequence of increasing the effective block size limit to 4 MB.

Jesus christ at least get your FUD right.

 So Luke has already proposed to keep the 1 MB limit for the total block size, including the segregated part.

Provide quotes or GTFO.

But they should not worry, since the space savings will only occur if the clients start issuing transactions in the new SW format.  Which will not happen right away, if SW is deployed by soft fork.  And even after the clients have upgraded, the use of SW will be optional.  Will there be incentives for the clients to use it?

No, regular transactions get a 75% bump in space.

[ChartBuddy]

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[BitcoinIsLiberty]

And even after the clients have upgraded, the use of SW will be optional.  Will there be incentives for the clients to use it?

They could easily add extra priority points for transactions that use sw.

[suda123]

BTCitcoin officially FULL BULL MODE

Price drops by a buck in 24 hours

BTW, how long does an 8ball of meth last you, having to post as much as you do? Or do they just mix in some bath salts into your feed?
Serious question, cos as disruptive as you are, you're clearly at the tipping point.
The comedown's gonna be a little rough, as in swan-dive from a highway overpass, into heavy traffic.
Hope you're antifragile, buddy

*I do approve of the psychotic text effects tho -- gives you that "don't fuck with me bro, I CRAAAzZZy!" panache!

Are you posting to inflate the members and forum activity in bitcointalk?

I noticed reposters,faucet posters, account sellers, without them bitcoin talk is dead I think. Unless we are still early adopters at some level.

[Warrior B]

So 400, when?

[Patel]

So 400, when?

mañana

[suda123]

...
Are you posting to inflate the members and forum activity in bitcointalk?

I noticed reposters,faucet posters, account sellers, without them bitcoin talk is dead I think. Unless we are still early adopters at some level.

Our Fearless Leader is pulling out all the stops -- encouraging paid posting (signature ads), multiple accounts, account farming, making new subs for ponzi promoters, etc., etc.
Pumping this lame pony full of pure adrenaline to get it to crawl.
And yet...

P.S. Did you know what happened to the forum money? Fearless Leader spent $2.3 million on new forum software that is "about 85% complete."

how much do signature campaigns work, because if bitcoin takes off even a little and we get newer people im sure it would be worthwhile.