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

[jbreher]

[a viewpoint]

[a counter viewpoint, with reasoned exposition as to the issues underlying the points of disagreement]

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

Yeah. That last one added a lot of value. </sarc>

I understand that not everyone agrees with Stolfi. Indeed, why would we, when we are true beliebers? But why the continued hostility? Does it actually cause you physical pain to hear an alternate viewpoint from time to time? Could we maybe tone down the demeaning attitude a bit?

This isn't meant to single out becoin - there's a bunch of you caught up in the playground group bullying/scapegoat syndrome.

For the record, I completely disagree with Stolfi as to the long-term prospects of Bitcoin. I agree with becoin that Bitcoin is (likely to be) the future of money. But I value Stolfi's contributions to the dialogue. Without an opposing view, we would miss opportunities for improvement.

Frankly, I admire Stolfi for never losing his cool when subjected to inappropriate ridicule and disrespect. Could we maybe just try to act like grownups?

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[JorgeStolfi]

Peter Wuille (Blockstream; Segregated Witnesses developer) explains the shift from "1 MB is the limit" to "4 MB is OK":
https://www.youtube.com/watch?v=fst1IK_mrng&t=1h4m1s
(first two questions at that point)

Reddit thread:
https://np.reddit.com/r/bitcoinxt/comments/3vxv92/peter_wuille_deer_caught_in_the_headlights/

[Richy_T]

I like the change.

It's more the agenda than the change itself.

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

By which he means his opinions. He regularly says some pretty contentious stuff which regularly gets voted down *very* heavily. They have rationalized it in their minds as some kind of hacktivism rather than the more pragmatic interpretation that people just don't like what he's writing. The paranoia is palpable and the latest steps are just more signs of the bunker mentality that's setting in.

[Fatman3001]

I like the change.

It's more the agenda than the change itself.

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

By which he means his opinions. He regularly says some pretty contentious stuff which regularly gets voted down *very* heavily. They have rationalized it in their minds as some kind of hacktivism rather than the more pragmatic interpretation that people just don't like what he's writing. The paranoia is palpable and the latest steps are just more signs of the bunker mentality that's setting in.

Will he ban Core as well if they go for SW?

https://www.reddit.com/r/Bitcoin/comments/3vsjzi/am_i_the_only_one_totally_freaked_out_about/

[hdbuck]

Peter Wuille (Blockstream; Segregated Witnesses developer) explains the shift from "1 MB is the limit" to "4 MB is OK":
https://www.youtube.com/watch?v=fst1IK_mrng&t=1h4m1s
(first two questions at that point)

Reddit thread:
https://np.reddit.com/r/bitcoinxt/comments/3vxv92/peter_wuille_deer_caught_in_the_headlights/

Heh, trolfi at the manoeuvre.

Seg witness dos not *actually* raise the blocksize to 4MB.

But it is just a proposal, and one that's been tested for 18months, as opposed to all your bigblocks BIPs fantaisies.

1MB block size is strong and still.

[Fatman3001]

hmmm..... lambie is thermos. I mean, Theymos.

[JorgeStolfi]

Seg witness dos not *actually* raise the blocksize to 4MB.

1MB block size strong and still.

SW allows more transactions per block, split into two parts (basically, signatures and everything else).  The 1 MB limit will apply only to the latter.  The total size of a block (which will have to be transmitted and stored in full, except to simple clients who will not need the signature data) can be up to 4 MB, depending on how many transactions are issued in the SW format and how many signatures they have. 

[hdbuck]

Actually I have been programming almost daily for the last 40 years.  And I have watched from front row some of the best software developers in the world as they worked.  As well as some terrible ones.  

That is why I think that swapping Gavin for Greg was a disaster for bitcoin...

Actually the jokes on you, Jorgi. 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.  Like they've got their noses to the grindstone every day, furiously cranking out mountains of code. 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.

P.S.- And the truth/reason is, after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. All the heavy lifting was done years ago. 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 with their knowledge can do on the side for a few hours a week.

Bingo!

There is nothing to add to The Bitcoin Protocol anyway.

[Fatman3001]

Frankly, I admire Stolfi for never losing his cool when subjected to inappropriate ridicule and disrespect. Could we maybe just try to act like grownups?

To be fair, Stolfi is mostly trolling. Although I support larger blocks myself, I do suspect Stolfi is trolling in this regard as well.
I did have a hope that the inner nerd in him lit a fire a while ago, but alas. He is obviously not stupid, so the way he manages to misrepresent just about everything he's referring to should be a red light for most.

PS. Oh, and I made him lose his cool once. It's not easy but it can be done.

[BlindMayorBitcorn]

Frankly, I admire Stolfi for never losing his cool when subjected to inappropriate ridicule and disrespect. Could we maybe just try to act like grownups?

To be fair, Stolfi is mostly trolling. Although I support larger blocks myself, I do suspect Stolfi is trolling in this regard as well.
I did have a hope that the inner nerd in him lit a fire a while ago, but alas. He is obviously not stupid, so the way he manages to misrepresent just about everything he's referring to should be a red light for most.

PS. Oh, and I made him lose his cool once. It's not easy but it can be done.

I seem to remember not long ago he wished we all die in a fire.

[ChartBuddy]

Coin



Explanation

[Fatman3001]

Frankly, I admire Stolfi for never losing his cool when subjected to inappropriate ridicule and disrespect. Could we maybe just try to act like grownups?

To be fair, Stolfi is mostly trolling. Although I support larger blocks myself, I do suspect Stolfi is trolling in this regard as well.
I did have a hope that the inner nerd in him lit a fire a while ago, but alas. He is obviously not stupid, so the way he manages to misrepresent just about everything he's referring to should be a red light for most.

PS. Oh, and I made him lose his cool once. It's not easy but it can be done.

I seem to remember not long ago he wished we all die in a fire.

Academically speaking, of course.

[rocks]

Actually I have been programming almost daily for the last 40 years.  And I have watched from front row some of the best software developers in the world as they worked.  As well as some terrible ones.  

That is why I think that swapping Gavin for Greg was a disaster for bitcoin...

Actually the jokes on you, Jorgi. 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.  Like they've got their noses to the grindstone every day, furiously cranking out mountains of code. 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.

P.S.- And the truth/reason is, after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. All the heavy lifting was done years ago. 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 with their knowledge can do on the side for a few hours a week.

That is because they are only working on their own company's off-chain solutions and stonewalling on any improvements to the client to enable scaling. Oh they also spend tons of time on reddit and other forums posting messages to argue why blocking the stream of transactions is necessary.

Greg, Peter and several others have openly stated that they do not like Bitcoin's design and that it shouldn't work in practice. Despite the fact that it does. These are the people that have taken over control of the project because Gavin was too nice and wanted to share developer control, only to see these guys take over and shut him and the other early developers who actually built Bitcoin out.

Under Satoshi and then Gavin we had don't of regular improvements in the client, now under Greg and Peter we have none.

[hdbuck]

Actually I have been programming almost daily for the last 40 years.  And I have watched from front row some of the best software developers in the world as they worked.  As well as some terrible ones.  

That is why I think that swapping Gavin for Greg was a disaster for bitcoin...

Actually the jokes on you, Jorgi. 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.  Like they've got their noses to the grindstone every day, furiously cranking out mountains of code. 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.

P.S.- And the truth/reason is, after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. All the heavy lifting was done years ago. 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 with their knowledge can do on the side for a few hours a week.

That is because they are only working on their own company's off-chain solutions and stonewalling on any improvements to the client to enable scaling. Oh they also spend tons of time on reddit and other forums posting messages to argue why blocking the stream of transactions is necessary.

Greg, Peter and several others have openly stated that they do not like Bitcoin's design and that it shouldn't work in practice. Despite the fact that it does. These are the people that have taken over control of the project because Gavin was too nice and wanted to share developer control, only to see these guys take over and shut him and the other early developers who actually built Bitcoin out.

Under Satoshi and then Gavin we had don't of regular improvements in the client, now under Greg and Peter we have none.

lmao, not tonight dear.. ^^

I am glad that this scammy Bitcoin foundation's Chief scientist is out of the picture..

Now he can fully appreciate his USG paycheck!

[BlindMayorBitcorn]

Frankly, I admire Stolfi for never losing his cool when subjected to inappropriate ridicule and disrespect. Could we maybe just try to act like grownups?

To be fair, Stolfi is mostly trolling. Although I support larger blocks myself, I do suspect Stolfi is trolling in this regard as well.
I did have a hope that the inner nerd in him lit a fire a while ago, but alas. He is obviously not stupid, so the way he manages to misrepresent just about everything he's referring to should be a red light for most.

PS. Oh, and I made him lose his cool once. It's not easy but it can be done.

I seem to remember not long ago he wished we all die in a fire.

Academically speaking, of course.

I wish I had bookmarked that quote. I’d like it embroidered on a nice pillow.

[aztecminer]

hot dropit lockit ..i passed on buying bitcoins. i bought metals instead while they are down.

[Richy_T]

I seem to remember not long ago he wished we all die in a fire.

I did

[BlindMayorBitcorn]

I read something about a vast Russian MMM ponzi currently operating in South Africa buying up Bitcoins. Any news?

Bobby Lee, CEO of Chinese exchange BTCC, told CoinDesk his platform has seen a significant volume increase, though he dismissed much of his competitors' volume as "artificial".

Those behind the volume, he said, are not traders but consumers sucked into a Russian ponzi scheme, MMM.

"We have posted warnings on our site and on our social media to warn users to be careful, but they have been coming to our exchange and buying out like crazy," he said, adding:

    "This time it's not speculative trading but based on them getting sucked into this ecosystem."

https://twitter.com/YourBTCC/status/654273706013798401?lang=en

"South Africa" must include a many of the poorest and least educated people there.

Ah, bitcoin -- bringing First World financial ruin to the unbanked in the Third World...

May you all go broke, and burn in hell...

Ah. It was eternal damnation. My mistake.

[brg444]

Actually I have been programming almost daily for the last 40 years.  And I have watched from front row some of the best software developers in the world as they worked.  As well as some terrible ones.  

That is why I think that swapping Gavin for Greg was a disaster for bitcoin...

Actually the jokes on you, Jorgi. 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.  Like they've got their noses to the grindstone every day, furiously cranking out mountains of code. 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.

P.S.- And the truth/reason is, after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. All the heavy lifting was done years ago. 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 with their knowledge can do on the side for a few hours a week.

That is because they are only working on their own company's off-chain solutions and stonewalling on any improvements to the client to enable scaling. Oh they also spend tons of time on reddit and other forums posting messages to argue why blocking the stream of transactions is necessary.

Greg, Peter and several others have openly stated that they do not like Bitcoin's design and that it shouldn't work in practice. Despite the fact that it does. These are the people that have taken over control of the project because Gavin was too nice and wanted to share developer control, only to see these guys take over and shut him and the other early developers who actually built Bitcoin out.

Under Satoshi and then Gavin we had don't of regular improvements in the client, now under Greg and Peter we have none.

That is complete and utter BS.

The work done to scale Bitcoin to where it is today by Core developers is above and beyond most of what Gavin has ever done for Bitcoin.

Gavin's solution to scaling: increase a constant. Give. me. a. break.

Do you have any idea the amount of work and testing that went into libsecp256k1 and what it represents ?

[marcus_of_augustus]

every time this guy is back speaking the outlook is optimistic.

https://youtu.be/lwxLdklXlzI

 

Oh god. Please don't even follow that link and give this guy views. It's that Rawdogletard guy. Nothing of value there.

he is genius! 

in is own dumber-than-dirt way this guy is funny ... and a video from him is also agreat indicator that bitcoin is bubbling up into the dumber-than-dirt mainstream radar again .... Bullish!