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

[jbreher]

"The lines cross and omg! catastrophe happens" is the sophisticated wrapper around the bullshit argument "nobody goes there any more because it is too popular".

If you think the world has enough Bitcoin users as things stand today, you have a point. If you think that use of Bitcoin growing by a factor of more than several dozen percent is desirable, then your point is ridiculous.

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[ChartBuddy]

Coin



Explanation

[marcus_of_augustus]

"The lines cross and omg! catastrophe happens" is the sophisticated wrapper around the bullshit argument "nobody goes there any more because it is too popular".

If you think the world has enough Bitcoin users as things stand today, you have a point. If you think that use of Bitcoin growing by a factor of more than several dozen percent is desirable, then your point is ridiculous.

I don't think either of those things, you have just presented a false dichotomy, albeit shoddily constructed, that advances the debate by zero percent.

I was just pointing out the totally false and misleading argumentation of this whole "the lines cross omg! catastrophe" bullshit that your best friend Mike Hearn started. You know that guy that did famously well out of bitcoin, made him wealthy, got him out of a failed marriage and landed a cushy gig advising mega-banks and stabbed bitcoiners in the back without a thought of gratitude.

[ahpku]

... You know that guy that did famously well out of bitcoin, made him wealthy, got him out of a failed marriage and landed a cushy gig advising mega-banks ...

And all you got is this lousy T-shirt?
Feel u, brah.

[Fatman3001]

"The lines cross and omg! catastrophe happens" is the sophisticated wrapper around the bullshit argument "nobody goes there any more because it is too popular".

If you think the world has enough Bitcoin users as things stand today, you have a point. If you think that use of Bitcoin growing by a factor of more than several dozen percent is desirable, then your point is ridiculous.

I don't think either of those things, you have just presented a false dichotomy, albeit shoddily constructed, that advances the debate by zero percent.

I was just pointing out the totally false and misleading argumentation of this whole "the lines cross omg! catastrophe" bullshit that your best friend Mike Hearn started. You know that guy that did famously well out of bitcoin, made him wealthy, got him out of a failed marriage and landed a cushy gig advising mega-banks and stabbed bitcoiners in the back without a thought of gratitude.

u r mad

The guy tried his best to help fix a problem and was treated as shit for it. So he spoke his mind, made a clean cut and moved out of Bitcoin. I think it's best not to think of who stabbed who in the back.

(cushy job? the dude came from Google. not exactly IT backwaters)

[marcus_of_augustus]

... let the DDOSing begin now that techignorati who use binaries because they can't build from source are wandering stupidly into the badlands. tally-ho

[BlindMayorBitcorn]

I'm still having a hard time understanding what function a full node is supposed to play. Why don't we DDoS all the nodes and see what happens?

Does that seem ok?

[blunderer]

... let the DDOSing begin now that techignorati who use binaries because they can't build from source are wandering stupidly into the badlands. tally-ho

I remember the pang of pride I felt building a an executable from source. Wait... no i don't.

Fatman, watch my people savage a harmless MiG 15, https://youtu.be/RTAR9YpQNek?list=WL&t=546  If you ever loved anything mechanical, your heart will break.

[conspirosphere.tk]

If you think the world has enough Bitcoin users as things stand today, you have a point. If you think that use of Bitcoin growing by a factor of more than several dozen percent is desirable, then your point is ridiculous.

What makes you believe that users would feel the urgent need to spend their btc in dust amounts for b/s on a daily basis?
And even if they did, why would that be so good? To look cool waiting half an hour to pay a frappuccino? And at what cost?

[ChartBuddy]

Coin



Explanation

[jbreher]

"The lines cross and omg! catastrophe happens" is the sophisticated wrapper around the bullshit argument "nobody goes there any more because it is too popular".

If you think the world has enough Bitcoin users as things stand today, you have a point. If you think that use of Bitcoin growing by a factor of more than several dozen percent is desirable, then your point is ridiculous.

I don't think either of those things, you have just presented a false dichotomy, albeit shoddily constructed, that advances the debate by zero percent.

Code:

0------------------------------X...........Y-----------------------------------------------------------------Z

X = # bitcoin users today
Y = ~1.36 X
Z = # economic actors on the planet
'.......' : only range that fits your claim that I was making a false dichotomy.

You can call it shoddily constructed. I'll call it precise enough for the purpose at hand.

Just so we understand each other, would you be happy if adoption stalls out at somewhat less than twice of where it stands today? (We'll get to following arguments as a follow on....)

I was just pointing out the totally false and misleading argumentation of this whole "the lines cross omg! catastrophe" bullshit that your best friend Mike Hearn started.

Now who's advancing the debate by zero percent?

[sAt0sHiFanClub]

... let the DDOSing begin now that techignorati who use binaries because they can't build from source are wandering stupidly into the badlands. tally-ho

And that pretty much sums up your scumbag attitude. I bet you have giftcards for sale too, paid for by stolen credit cards. You are a real asset to the core-devs, a like minded fellow traveler.

[jbreher]

If you think the world has enough Bitcoin users as things stand today, you have a point. If you think that use of Bitcoin growing by a factor of more than several dozen percent is desirable, then your point is ridiculous.

What makes you believe that users would feel the urgent need to spend their btc in dust amounts for b/s on a daily basis?
And even if they did, why would that be so good? To look cool waiting half an hour to pay a frappuccino? And at what cost?

For the umpteenth time - the issue is NOT dust transactions. The issue is that, with max block size capped at 1MB, the system is simply incapable of handling more than ~350,000 transactions a day - no matter the value of those transactions. Quit changing the topic. Quit putting words in my mouth. Such is dishonest.

[sAt0sHiFanClub]

If you think the world has enough Bitcoin users as things stand today, you have a point. If you think that use of Bitcoin growing by a factor of more than several dozen percent is desirable, then your point is ridiculous.

What makes you believe that users would feel the urgent need to spend their btc in dust amounts for b/s on a daily basis?
And even if they did, why would that be so good? To look cool waiting half an hour to pay a frappuccino? And at what cost?

For the umpteenth time - the issue is NOT dust transactions. The issue is that, with max block size capped at 1MB, the system is simply incapable of handling more than ~350,000 transactions a day - no matter the value of those transactions. Quit changing the topic. Quit putting words in my mouth. Such is dishonest.

Dust is what they are aiming for by their own admission - the block chain is to become an immutable ledger as opposed to a record of peer-to--peer cash transactions

You don't need to hold Bitcoins to use Bitcoin's blockchain; you only must spend enough to use the blockchain as an immutable ledger (ie, it's tech for hire).

[Fatman3001]

... let the DDOSing begin now that techignorati who use binaries because they can't build from source are wandering stupidly into the badlands. tally-ho

I remember the pang of pride I felt building a an executable from source. Wait... no i don't.

"Source code is out there" is code for: this thing is only half-baked

Fatman, watch my people savage a harmless MiG 15, https://youtu.be/RTAR9YpQNek?list=WL&t=546  If you ever loved anything mechanical, your heart will break.

кpyтo

[conspirosphere.tk]

If you think the world has enough Bitcoin users as things stand today, you have a point. If you think that use of Bitcoin growing by a factor of more than several dozen percent is desirable, then your point is ridiculous.

What makes you believe that users would feel the urgent need to spend their btc in dust amounts for b/s on a daily basis?
And even if they did, why would that be so good? To look cool waiting half an hour to pay a frappuccino? And at what cost?

For the umpteenth time - the issue is NOT dust transactions. The issue is that, with max block size capped at 1MB, the system is simply incapable of handling more than ~350,000 transactions a day - no matter the value of those transactions. Quit changing the topic. Quit putting words in my mouth. Such is dishonest.

The issue IS dust: until it is not fixed it is pointless to make a bigger dustbin. And letting the fees rise is the only fix existing.
BTW: why asking just to double 350,000 TX/day? There is enough reasons and ways to fill of spam ten times more.

[ChartBuddy]

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Explanation

[inca]

<snip>

... let the DDOSing begin now that techignorati who use binaries because they can't build from source are wandering stupidly into the badlands. tally-ho

I am genuinely looking forward to seeing what response you, brg444, icebreaker, hdbuck et al. provide for our entertainment if the network actually forks to classic and no disaster occurs. All that brazen supercilious venom spewed over the last year with potentially nothing to show for haha.

[gijoes]

I am genuinely looking forward to seeing what response you, brg444, icebreaker, hdbuck et al. provide for our entertainment if the network actually forks to classic and no disaster occurs. All that brazen supercilious venom spewed over the last year with potentially nothing to show for haha.

I'm glad you're finding it hilarious. I don't. Because I invested non-trivial portion of my portfolio into Bitcoin and I'd hate it all to go "poof!" if a hostile hard fork backfires and the net DOES split into two. Are you willing to bet ALL your BTC that this has a zero chance of happening? I would not be so sure.

[blunderer]

I am genuinely looking forward to seeing what response you, brg444, icebreaker, hdbuck et al. provide for our entertainment if the network actually forks to classic and no disaster occurs. All that brazen supercilious venom spewed over the last year with potentially nothing to show for haha.

I'm glad you're finding it hilarious. I don't. Because I invested non-trivial portion of my portfolio into Bitcoin and I'd hate it all to go "poof!" if a hostile hard fork backfires and the net DOES split into two. Are you willing to bet ALL your BTC that this has a zero chance of happening? I would not be so sure.

Still got time to cut your loose
*Not much tho, look at them Classic nodes springing up! Like mushrooms after an autumn rain