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

[JimboToronto]

Good morning Bitcoinland. Still in the $390s I see.

The pennant is tightening though. Whoever controls the TA-drawing bots must be planning a move soon.

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[JimboToronto]

I think that your assumption that most people here go by Stamps price is misguided. Finex has been the leading "western" exchange for quite some time and I see people here quoting that price most frequently. And if you don't believe me just ask Chart Buddy...

Precisely. I thought most people here switched to Finex after the Stamp hack as surely as they switched to Stamp after the first cracks started to show at Gox half a year before their demise.

[Hunyadi]

Anyone who is in a position of power on another forum fancy having ChartBuddy post there? I'm about done with Theymos' nonsense.

What happened?

[suda123]

You know what it means when the price gap starts closing . . .

I'm starting to like you posts there getting more funny

[Elwar]

Anyone who is in a position of power on another forum fancy having ChartBuddy post there? I'm about done with Theymos' nonsense.

What happen?

Somebody set up us the bomb.

[noobtrader]

Good morning Bitcoinland. Still in the $390s I see.

The pennant is tightening though. Whoever controls the TA-drawing bots must be planning a move soon.

because its near Christmas as i expected.  btw 500 before Christmas  

[JorgeStolfi]

I'm a career programmer too, that's actually looked at some of the recent Core releases, and I can tell you that there's been maybe only a handful of lines of code added to Core in the last year or two.

A. Handful. Of. Lines. In. Over. A. Years. Time.

So let's don't over-glorify these so called developers and put them up on some sort of pedestal.  If they had only coded that much in a business world white collar desk job setting, they'd be fired by now for being over-paid slackers. [ ... ]
after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. With the exception of increasing block size, and maybe a few other little things, there's very little left for the Core developers to actually do.  So they're basically just downshifted into long term maintenance mode at this point, which anyone can do on the side for a few hours a week.

For one thing, development has been stalled over the last year by the feud between Gavin and the small-blockians.  Gavin has coded and tested BIP101 (the only one of those BIPs that has been implemented, AFAIK) several months ago, but has not been allowed to put it into the core.

But, apart from that, a good software developer is not one who makes lots of changes.  The best way to increase the block size was coded by Satoshi in 2010, and it is a one-line patch.  Blockchain voting is a significant but pointless complication, with many things that could go wrong (in the code and its operation). Too bad that Gavin had to add it for BIP101 in order to appease the ideologues.

The problem with Greg is that he does not really like Satoshi's design, and has his own strong ideas on how bitcoin should be.  He has been pushing for that vision for a couple of years at least; and now that he has the power, he is bent in implementing it. 

The Core devs certainly are not in "maintenance" mode.  Just the SW proposal is a major redesign of a data structure that iis shared by tens of thousands of users and hundreds pf independent applications.  One should not be adding all those new features to a production system whose users and app developers are still struggling to cope with.  In fact, with their plans for the "fee market" and the off-chain processing, they are in full "retargeting" mode  One should not try to do a major redesign of the functionality, like the fee market, without knowing whether it will work or not. 

Greg may be a good cryptographer and programmer, but he is not a good software developer. In fact, it seems that he does not know what that means, and does not want to know ...

[peonminer]

Anyone who is in a position of power on another forum fancy having ChartBuddy post there? I'm about done with Theymos' nonsense.

What happen?

Somebody set up us the bomb.

Elwar, you win the internet for today. I lol'd harder than I should've.

suda123, thank you for the kind words. Here are my predictions for today. 20:00-22:00 UTC breakout imminent. This translates to 2:00PM-4:00PM CST / 4:00AM-6:00AM HKT. Either today, or tomorrow. Only time will tell.  

[JimboToronto]

Anyone who is in a position of power on another forum fancy having ChartBuddy post there? I'm about done with Theymos' nonsense.

What happened?

Please don't abandon us Richy.

ChartBuddy is one of my main reasons for being here, along with the comedy.

The "other" forum would probably accommodate ChartBuddy but it's a little too serious.

[becoin]

I'm a career programmer too, that's actually looked at some of the recent Core releases, and I can tell you that there's been maybe only a handful of lines of code added to Core in the last year or two.

A. Handful. Of. Lines. In. Over. A. Years. Time.

So let's don't over-glorify these so called developers and put them up on some sort of pedestal.  If they had only coded that much in a business world white collar desk job setting, they'd be fired by now for being over-paid slackers. [ ... ]
after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. With the exception of increasing block size, and maybe a few other little things, there's very little left for the Core developers to actually do.  So they're basically just downshifted into long term maintenance mode at this point, which anyone can do on the side for a few hours a week.

For one thing, development has been stalled over the last year by the feud between Gavin and the small-blockians.  Gavin has coded and tested BIP101 (the only one of those BIPs that has been implemented, AFAIK) several months ago, but has not been allowed to put it into the core.

But, apart from that, a good software developer is not one who makes lots of changes.  The best way to increase the block size was coded by Satoshi in 2010, and it is a one-line patch.  Blockchain voting is a significant but pointless complication, with many things that could go wrong (in the code and its operation). Too bad that Gavin had to add it for BIP101 in order to appease the ideologues.

The problem with Greg is that he does not really like Satoshi's design, and has his own strong ideas on how bitcoin should be.  He has been pushing for that vision for a couple of years at least; and now that he has the power, he is bent in implementing it. 

The Core devs certainly are not in "maintenance" mode.  Just the SW proposal is a major redesign of a data structure that iis shared by tens of thousands of users and hundreds pf independent applications.  One should not be adding all those new features to a production system whose users and app developers are still struggling to cope with.  In fact, with their plans for the "fee market" and the off-chain processing, they are in full "retargeting" mode  One should not try to do a major redesign of the functionality, like the fee market, without knowing whether it will work or not. 

Greg may be a good cryptographer and programmer, but he is not a good software developer. In fact, it seems that he does not know what that means, and does not want to know ...

Stop whining, Stolfi. Bitcoin is the future of money. Get over it!

[ssmc2]

I'm a career programmer too, that's actually looked at some of the recent Core releases, and I can tell you that there's been maybe only a handful of lines of code added to Core in the last year or two.

A. Handful. Of. Lines. In. Over. A. Years. Time.

So let's don't over-glorify these so called developers and put them up on some sort of pedestal.  If they had only coded that much in a business world white collar desk job setting, they'd be fired by now for being over-paid slackers. [ ... ]
after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. With the exception of increasing block size, and maybe a few other little things, there's very little left for the Core developers to actually do.  So they're basically just downshifted into long term maintenance mode at this point, which anyone can do on the side for a few hours a week.

For one thing, development has been stalled over the last year by the feud between Gavin and the small-blockians.  Gavin has coded and tested BIP101 (the only one of those BIPs that has been implemented, AFAIK) several months ago, but has not been allowed to put it into the core.

But, apart from that, a good software developer is not one who makes lots of changes.  The best way to increase the block size was coded by Satoshi in 2010, and it is a one-line patch.  Blockchain voting is a significant but pointless complication, with many things that could go wrong (in the code and its operation). Too bad that Gavin had to add it for BIP101 in order to appease the ideologues.

The problem with Greg is that he does not really like Satoshi's design, and has his own strong ideas on how bitcoin should be.  He has been pushing for that vision for a couple of years at least; and now that he has the power, he is bent in implementing it. 

The Core devs certainly are not in "maintenance" mode.  Just the SW proposal is a major redesign of a data structure that iis shared by tens of thousands of users and hundreds pf independent applications.  One should not be adding all those new features to a production system whose users and app developers are still struggling to cope with.  In fact, with their plans for the "fee market" and the off-chain processing, they are in full "retargeting" mode  One should not try to do a major redesign of the functionality, like the fee market, without knowing whether it will work or not. 

Greg may be a good cryptographer and programmer, but he is not a good software developer. In fact, it seems that he does not know what that means, and does not want to know ...

Stop whining, Stolfi. Bitcoin is the future of money. Get over it!

Fo real

[USB-S]

I'm a career programmer too, that's actually looked at some of the recent Core releases, and I can tell you that there's been maybe only a handful of lines of code added to Core in the last year or two.

A. Handful. Of. Lines. In. Over. A. Years. Time.

So let's don't over-glorify these so called developers and put them up on some sort of pedestal.  If they had only coded that much in a business world white collar desk job setting, they'd be fired by now for being over-paid slackers. [ ... ]
after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. With the exception of increasing block size, and maybe a few other little things, there's very little left for the Core developers to actually do.  So they're basically just downshifted into long term maintenance mode at this point, which anyone can do on the side for a few hours a week.

For one thing, development has been stalled over the last year by the feud between Gavin and the small-blockians.  Gavin has coded and tested BIP101 (the only one of those BIPs that has been implemented, AFAIK) several months ago, but has not been allowed to put it into the core.

But, apart from that, a good software developer is not one who makes lots of changes.  The best way to increase the block size was coded by Satoshi in 2010, and it is a one-line patch.  Blockchain voting is a significant but pointless complication, with many things that could go wrong (in the code and its operation). Too bad that Gavin had to add it for BIP101 in order to appease the ideologues.

The problem with Greg is that he does not really like Satoshi's design, and has his own strong ideas on how bitcoin should be.  He has been pushing for that vision for a couple of years at least; and now that he has the power, he is bent in implementing it. 

The Core devs certainly are not in "maintenance" mode.  Just the SW proposal is a major redesign of a data structure that iis shared by tens of thousands of users and hundreds pf independent applications.  One should not be adding all those new features to a production system whose users and app developers are still struggling to cope with.  In fact, with their plans for the "fee market" and the off-chain processing, they are in full "retargeting" mode  One should not try to do a major redesign of the functionality, like the fee market, without knowing whether it will work or not. 

Greg may be a good cryptographer and programmer, but he is not a good software developer. In fact, it seems that he does not know what that means, and does not want to know ...

Stop whining, Stolfi. Bitcoin is the future of money. Get over it!

Maybe they are trying to slow down the process? You know, just to buy themselves some more time.

[ChartBuddy]

Coin



Explanation

[Fatman3001]

 c'mon xbt

[JayJuanGee]

I think that your assumption that most people here go by Stamps price is misguided. Finex has been the leading "western" exchange for quite some time and I see people here quoting that price most frequently. And if you don't believe me just ask Chart Buddy...

Precisely. I thought most people here switched to Finex after the Stamp hack as surely as they switched to Stamp after the first cracks started to show at Gox half a year before their demise.

You are correct that about a year ago, there was some loss of confidence in Bitstamp based on the "hack" and the period of its shut down and for a period of time after Bitstamp's shut down.... and Bitfinex and coinbase were added to Chartbuddy around that time because of Bitstamp's various issues around that time.

Nonetheless, Bitstamp has returned to various forums and discussion groups as the default price reference point for a variety of reasons including at minimum:

1) a) volume is more reliable because there are staggered fees
1) b) volume is more reliable because there is no margin trading

2) a few months ago bitfinex had its own loss of confidence issues with a series of shut downs and various investors questioning its solvency.

[Richy_T]

Anyone who is in a position of power on another forum fancy having ChartBuddy post there? I'm about done with Theymos' nonsense.

What happened?

More shit and shenanigans over on Reddit.

[Richy_T]

Precisely. I thought most people here switched to Finex after the Stamp hack as surely as they switched to Stamp after the first cracks started to show at Gox half a year before their demise.

I usually go by Finex but truthfully, it rarely makes much difference and in the rare occasion it might, it's hardly a big deal to clear up any confusion.

[ChartBuddy]

Coin



Explanation

[BlindMayorBitcorn]

Anyone who is in a position of power on another forum fancy having ChartBuddy post there? I'm about done with Theymos' nonsense.

What happened?

More shit and shenanigans over on Reddit.

I like the change.

Also, comments with a score of -5 or lower will no longer be hidden. I think that this feature of Reddit is very harmful to discussion because it silences people with unpopular opinions.

https://np.reddit.com/r/Bitcoin/comments/3vtkpk/when_did_scores_start_to_get_hidden_on_everyones/cxqmi5b?context=3

[inca]

Anyone who is in a position of power on another forum fancy having ChartBuddy post there? I'm about done with Theymos' nonsense.

What happened?

More shit and shenanigans over on Reddit.

Come to the bitco.in/forum ..

There is even a wall observer thread