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

[billyjoeallen]

Remember, the market already enjoyed a mini-crash from the upper $200s/lower $300s range, and it did not seem to phase them too much into resolving the matter... thereafter, we experienced a mini-crash upwards to $500, and pretty much a sustaining above $320 in the past couple of months, which seems a decent indicator that the market is not feeling any fire under their britches.

It seems that with so much money being put into mining and securing the bitcoin network, there is quite a bit of space, yet, to work with before we get too close to the doom and gloom scenario that you are forecasting.


By the way.. you don't seem to like the decision making process of humans too much, unless you are the human making the decision about what needs to be done... 

If you understand what politics really is, you would know that it is not based on win-win like the market, but on win-lose. The art of politics is to convince enough people to agree with you so that you can forcibly impose your will on those who don't.  That is why I prefer markets.

The 1 MB cap is an artificial limit that makes winners and losers.  Some crafty people saw that this anti-spam tool could be re-purposed into an economic policy tool that they could use as a weapon. Allowing this weapon to be in the hands of ANYONE, whether friend or foe creates moral hazard, the same sort of moral hazard that has turned national monetary policy into a wealth transfer engine from poor people to rich people. 

What happens to all the wallets with milibits in them when the xaction fees run in centibits? They are effectively worthless.  Wealth stolen from the poor just like with fiat.

Meet the new boss, same as the old boss.

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[ErisDiscordia]

Let's be honest here, the only people that know about bitcoin are semi tech savy people +++, everyone else is to busy dicking around doing useless shit twerking and yolo swag shit.

When the global wealth transfer comes who are the rich people?

Most of us know about some or more conspiracy's, then when you look at this like bitcoin and the blockchain with internetz money on a distributerdddd ledgar 420 bip101010 miners realz money hash massive numbers adreesess over here put this shit,


were not normal to begin with.

I like this post - it's my kind of crazy 

[ChartBuddy]

Coin



Explanation

[billyjoeallen]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

There is no objective criteria for any increases at all, and this may be by design. In the absence of such criteria, the de facto criteria becomes:

When Core developers get bribed X amount of money, the limit increases or decreases by Y amount.

There's no reason to think that software engineers are any better at central planning than bankers are.

Just tell us when the limit will be raised and by how much so we can fucking plan. If you don't tell us, we don't know if it will ever be raised and preparing for the Fullblocalypse is more being responsible than being paranoid. 

[BlindMayorBitcorn]

There's probably a thread out there somewhere about this, but: How the hell did a 22 year old kid get the keys to so many kingdoms? It's comical!

[niktitan132]

Who is ready for 500's...

I am, I am.
Are we there yet?

[2015Bubble]

Browsing train pics on google keep you guys updated..

[brg444]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.

Fork off if that doesn't make you happy.

[aminorex]

A little upping and of a sudden the monkey changes his mind, likes BTC for the next 20 hours or so.  He may be right, but I'm tired of being jerked about, so I will stay out for now.

[Feri22]

Who is ready for 500's...

I am ready for the 2MB block size limit first...

i hope the Core devs will come to senses soon or better, i hope Gavin and Garzik will team up and run own btc client...i was never more worried than right now...if bitcoin will fail only because of its politics, how fuck*d up it would be?

[BldSwtTrs]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.

Fork off if that doesn't make you happy.

Last time some people proposed a fork there were little girls Core devs bitching everywhere about how that was an attack against Bitcoin. At least by now the rethoric has drift toward acknowledging that choice is good thing, not a bad thing.

[Feri22]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.

Fork off if that doesn't make you happy.

Why don't you, small blockers, fork off? Most people want raised block size...most people = bitcoin...if you don't hear the community, YOU FORK OFF

[hdbuck]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.

Fork off if that doesn't make you happy.

Why don't you, small blockers, fork off? Most people want raised block size...most people = bitcoin...if you don't hear the community, YOU FORK OFF

lol 1MButthurt strong here.

[LFC_Bitcoin]

Block size increases, altcoin proposals like XT & Bitcoin Unlimited etc can be discussed here - https://bitcointalk.org/index.php?topic=1162684.4360

Segregated Witness will be carried out so can you guys discuss block sizes in the relevant thread.

[ChartBuddy]

Coin



Explanation

[Feri22]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.

Fork off if that doesn't make you happy.

Why don't you, small blockers, fork off? Most people want raised block size...most people = bitcoin...if you don't hear the community, YOU FORK OFF

lol 1MButthurt strong here.

I forgot i am in speculation thread, i don't know why i expected mature arguments from people like you  

[brg444]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.

Fork off if that doesn't make you happy.

Why don't you, small blockers, fork off? Most people want raised block size...most people = bitcoin...if you don't hear the community, YOU FORK OFF

 

the community is not represented by loud mouths on btctalk and reddit you chump

if you don't like Bitcoin as it is, YOU fork off.

[hdbuck]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.

Fork off if that doesn't make you happy.

Why don't you, small blockers, fork off? Most people want raised block size...most people = bitcoin...if you don't hear the community, YOU FORK OFF

 

the community is not represented by loud mouths on btctalk and reddit you chump

if you don't like Bitcoin as it is, YOU fork off.

Bitcoin is not about community, it is about money.

[Feri22]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.

Fork off if that doesn't make you happy.

Why don't you, small blockers, fork off? Most people want raised block size...most people = bitcoin...if you don't hear the community, YOU FORK OFF

 

the community is not represented by loud mouths on twitter and reddit you chump

if you don't like Bitcoin as it is, YOU fork off.

And who decide what community is representing Bitcoin exactly? You? So when someone (most people or at least large group of people) is not happy with current development of Bitcoin you say him fuck off or fork off? How is that different from the goverments? Play by our rules or you go to jail...Play by our rules or fuck off....Well, we will see who will be right in the end but i am sure that if censoring ideas, discussions and arguments and people with closed mind like you will effect bitcoin in any way, we have lost the fight for freedom of finance and other uses, bitcoin could have

[BldSwtTrs]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.

Fork off if that doesn't make you happy.

Why don't you, small blockers, fork off? Most people want raised block size...most people = bitcoin...if you don't hear the community, YOU FORK OFF

 

the community is not represented by loud mouths on btctalk and reddit you chump

if you don't like Bitcoin as it is, YOU fork off.

Bitcoin is not about community, it is about money.

Bitcoin is not about money, it's about settlement layer (dixit Blockstream employees).