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

[Fatman3001]

Why are we still discussing Classic like it's not a failed project already?

Didn't you get the news?

Apparently, it's YOU who didn't get the news.

I think he's referring to f2pools tentative agreement with core about a 2mb block size in 2017.

So we know f2pool and probably Kano supports core. Kano is insignificant and f2pool might shrink quite a bit in a couple of months.

2017!! So funny.

Yeah, it's stupid. Anyone who's experienced petty arguments in academia knows what this is about. They should just fold and move on, it's getting embarrassing.

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[LFC_Bitcoin]

I am tired of all that shit. I quit Bitcoin until the next ATH.

Good for you, and bad for us.... hahahahaha  

We gotta put up with more fake quitting drama........ and fewer coins for us.  

Haha, shame the price won't go up 10% after this nobody quits bitcoin

[BldSwtTrs]

I am tired of all that shit. I quit Bitcoin until the next ATH.

Good for you, and bad for us.... hahahahaha  

We gotta put up with more fake quitting drama........ and fewer coins for us.  

Haha, shame the price won't go up 10% after this nobody quits bitcoin

Dude, you should show more respect to people more wealthy and clever than you.

[BitUsher]

I never suggested anything of that kind. You brought up the notion of bagholders throwing their weight around.

Which I why I phrased it in the form of a question.

Huh?  How do you otherwise phrase your questions? It was a question - "are you suggesting...?" What other way would you ask it? 

I did indeed bring it up, but not as a threat but to clarify to others the dangers of a minor majority fork of 75%

So... not a threat, but if you follow the minor majority 'certain' bad things will happen....  Okay.  I've seen Goodfellas, so I think I get that.... The 'dangers' you speak of is if i follow that miner majority, you and your dev friends will mess me up with all your coinz. Got it.

 and how such a low number can cause a civil war where the apparent chain with the advantage can quickly becomes the losing chain. Once Bitcoin classic releases code I warn users to pay attention and be ready to pull their coins out of exchanges and store them in cold storage during any network split.

You see this is all based on your initial flawed concept:

the economic majority on the chain with less hash power

If you are on the weak/shorter chain, you are already the economic minority. You can convince yourself otherwise - that big bags of coins will redress the imbalance - but it wont. Only deliberate fraud and criminal actions will delay the inevitable - and I'm sure you are not really proposing that.

It is rather sad that you are so political that you assume that discussing hypothetical attack vectors, which I would happily discuss if the shoe was on the other foot and I preferred Classic, makes you assume that I am threatening you. What I care about is a strong and healthy bitcoin ecosystem so we have to be mindful of all attacks internally and externally.

You suggest that the chain with 25% hash power is in the economic minority which is just flatly inaccurate. The sunk costs in previous generations of ASICs aren't worth much more than a doorstop with a flood of new money buying the latest generation of ASICs. 75% of Miners are not necessarily the economic majority. What is interesting about this attack is even if 95%+miners temporarily support the new coin (I.E.. Bitcoin classic) and every exchange supports bitcoin classic and refuses to accept bitcoin core coins, the attack can come unannounced as the ASIC manufactures can have a shell company or investors buy them out and use their own coin to simultaneously dump the price and gain a majority of the hashpower. To those that oppose a coup, they wouldn't even see this as underhanded but protecting the interests of the ecosystem and increasing the hash power.

[Fatman3001]

I am tired of all that shit. I quit Bitcoin until the next ATH.

I failed to quit.

Nice to hear.

[madmat]

Chinese pump. 3000 yuans in a few hours. Enjoy the show.

[Yakamoto]

Are we going to crack $420? The market is/was on a small but rapid upswing, according to preev.com anyways. Is the value really rising that rapidly, or am I being too wishful right now?

Currently averaging at $418.4 as I complete this post.

Chinese pump. 3000 yuans in a few hours. Enjoy the show.

Oh. Welp, there goes the upswing.

[yefi]

And a new post-Hearn high hit on China. Must be a painful time to be short 

[ChartBuddy]

Coin


Explanation

[Morecoin Freeman]

Speaking of volatility... I am not sure what to make of this recent price action.

[LFC_Bitcoin]

Chinese pump. 3000 yuans in a few hours. Enjoy the show.

Do you think so?

I'm not too sure, what are you basing that prediction on? Hope you're right.

[ImI]

Speaking of volatility... I am not sure what to make of this recent price action.

it fascinates me also

[Andre#]

Why are we still discussing Classic like it's not a failed project already?

Didn't you get the news?

Apparently, it's YOU who didn't get the news.

I think he's referring to f2pools tentative agreement with core about a 2mb block size in 2017.

So we know f2pool and probably Kano supports core. Kano is insignificant and f2pool might shrink quite a bit in a couple of months.

2017, so we would have to bite our nails for a full year at least, enduring higher fees, lesser reliability, and a degraded user experience. Awesome.

[Meuh6879]

2nd launch.


Chooooo Chooooo !

[BldSwtTrs]

BTC-e higher than Finex and Stamp  

[Yakamoto]

Speaking of volatility... I am not sure what to make of this recent price action.

it fascinates me also

To be honest, there might have been a pump by someone earlier this morning, and now all the traders are realsing that Bitcoin is trending upwards, and buying to recoup some of their losses from the recent downturn, and thus the price continues to slowly work higher. I just saw the average break $420, so I would say more people investing is not beyond the realm of possibility.

[becoin]

Speaking of volatility... I am not sure what to make of this recent price action.

BTCC just like XT altcoin fork is dead and market is pricing that in.

[yefi]

Speaking of volatility... I am not sure what to make of this recent price action.

It is the work of the meddling Gods. Through the shallow waters of the kylix doth they spy our world.

[Fatman3001]

Why are we still discussing Classic like it's not a failed project already?

Didn't you get the news?

Apparently, it's YOU who didn't get the news.

I think he's referring to f2pools tentative agreement with core about a 2mb block size in 2017.

So we know f2pool and probably Kano supports core. Kano is insignificant and f2pool might shrink quite a bit in a couple of months.

2017, so we would have to bite our nails for a full year at least, enduring higher fees, lesser reliability, and a degraded user experience. Awesome.

Nope, Bitfury and Antpool are going to push f2pool below 20% and f2pool will start running Bitcoin Classic. Kano is going to go into full troll mode for a while, who knows where he'll land.

[madmat]

Speaking of volatility... I am not sure what to make of this recent price action.

BTCC just like XT altcoin fork is dead and market is pricing that in.

You are so funny.