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

[Elwar]

Classic is just Core with at 2mb block size limit and a governance coup that will alienate our best devs.

FTFY.

And don't forget 2mb blocks + segwit hurts decentralization (because of bandwidth/storage constraints).

Your post failed to mention segwit.  Why is that?

Are you unaware segwit exists, is being tested, and approximates the tps increase of 100% block size increase?

Or are you lying by omission?

Wow, I guess I said a lot.

I like segregated witness and hope it gets implemented. It is a safer bet since it's a soft fork. I like the lightning network as presented and hope it works out as well. I think that all of these updates will have more time to be properly implemented if the 2mb block limit is implemented so there is no rush which could cause mistakes to be made.

But you are correct in that I am unaware of many things when it comes to the development. I do have some trust in developers making a sound decision hopefully based upon math and logic instead of listening to the peanut gallery turning it into a political process. I upgraded for the last fork and was pleased that the developers came up with a solution. I have confidence that it will work out again.

I actually do enjoy political discourse but do not care to get down to that level of the Bitcoin protocol. When IPv4 was being developed I'm sure there were a lot of developer and technical discussions about various bits to reserve for which features, security concerns, worries about running out of addresses, etc. But even though I know all about IPv4 down to the bit level I would rather use the Internet than sit around and discuss the tiny nuances of it. I have confidence that the geeks who deal with it on a daily basis can make better decisions on it than I can.

I leave the block size debate back to those that are really passionate about it and I'll go back to using bitcoins.

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[JayJuanGee]

Classic only has 2 experienced developers maintaining it where Core has 45.

[...]

Logically, supporting Classic doesn't make much sense.

Maybe you haven't noticed, but nowadays it is startups who actually innovate an have the ability and agility to jump into tiny gaps (in other words, they closely listen to the users or offer an unique feature).

As always, startups are quickly consumed by the big boys when they get somewhat successful: consider Classic as a great opportunity to safely figure out what the market wants. If successful, the 2mb feature will be adopted. A win-win situation I would say.

I think that I kind of understand your point regarding start-ups, and surely your description works fairly well when discussing dynamics of a variety of centralized institutions competing against each other for market share and frequently that is going to result in a lot of failures and a lot of amateur mistakes and also, sometimes targeting by vulture capitalists to "turn around" the project - whether that makes the project better or not.

You start up analogy seems to be somewhat week, when you seem to be attempting to describe centralized attributes to persons on the core developing team and bitcoin miners, etc.  These are decentralized dynamics, and even though some better ways may be introduced, the open sourced nature of bitcoin allows for the adoption of better ideas in order to avoid "hostile" and/or centralized-like attempts at take overs. 

[barbs]

are we still above 350???

[BlindMayorBitcorn]

are we still above 350???

Amazing, isn't it?

[blunderer]

are we still above 350???

Amazing, isn't it?

Not really, because you know what?
ASICminer is the actually doing really well on Havelock. Best volume, too.


https://www.havelockinvestments.com/fund.php?symbol=AM100

Caveat: There is no such thing as ASICminer. Hasn't been for years. Because failed & ran away.

[aztecminer]

if kraken goes down.. we can expect a PUMP to $500 . (oops i did it again, i used "we" again, juangee gonna go into full retard again trying to figure out who i am talking about)

[ChartBuddy]

Coin



Explanation

[barbs]

i got my bids in the 320s

[aztecminer]

http://www.coindesk.com/private-satoshi-roundtable-bitcoin-exec-scaling-debate/

sounds like a bilderberg meeting,lol

yep.. i wasnt supposed say anything but since u mentioned it.... i will be there too... i will be speaking about how " bitcoin does not scale, and that until it does scale, it still doesnt scale " .. and then i will roll out the BitcoinPure fork of mega-chains of 12M blocks ready for Golden Week of Chinese Bears..................... assuming everyone at the Satoshi Round Table is on board with the plan ... if we have consensus, then right as we fork the network we will have Coinbase, in conjunction with BFX and the chinese exchanges PUMP the lightneing chain forks of the secret bitcoins we are going to release ... at that point we will be able to collect more fees since we will have multiple lightening forks of bitcoins and mega-chains of 12M blocks ...

phase two will then be happen: we will have billyjoe raid all five lightning forks of mega-blocks with the #FourPunchRaiders to cause massive volatility to attract newb traders to the ligthening forks during the Golden Week of Chinese Bears . once we have all this in place, finally, we will .. all of us .. buy boats and rule the world from right here from 'wall of observer thread' of bitcoin forum. everyone except juangee ... we are going to 'blockchain blacklist' him during the purification ... lol..... its going to be exciting times for all ye landlubbin HODLERS!!

To the extent that there is any substance in your above fantasy post.... you appear to be in a bit of a lala land to think that there is any kind of "we" going on in bitcoin.  Bitcoin is structured in a such a way that it is peer to peer and decentralized and there are going to be a variety of ins and outs and in the end, as it expands, it will likely involve all types (good, bad and ugly).... well at least hopefully fungibility will be preserved in such a way that blacklisting is not any kind of meaningful dynamic.

Lots of interesting times ahead indeed to see how some of this plays out regarding whether BTC is a storage of value or a currency or something else and to what degree.

juangee... its a joke post dumbass.......... the fact your tiny brain could not detect SARCASM proves your doing nothing but trolling people that you disagree with in this thread . first week of February is in LALA land and still your precious coin still cannot scale . ...what a joke that btc is a store of value ..... there aint gonna be NOTHING for anyone with bitcoin until it can scale.. period .

Jokes and sarcasm is not lost upon me, and in essence your whole participation in this thread seems to be a kind of joke with your superficial dumbass claims.

Yes Bitcoin has been suffering some downward price pressures and we also suffered for about 10 months with btc prices hovering largely in the $200s.

We are doing quite well right now, and we appear to be on a fairly clear path for Segway implementation and likely some other reasonable scaling solutions thereafter, to the extent they may be needed.

Accordingly, the Bitcoin network already seems quite prepared for a 20x to 40x increase in today's price in the coming months, if there were such a surge in prices.

Even though the current contents of your posts seem pretty ridiculous, they are likely to appear even more ridiculous as some of these already vetted solutions are implemented and additional potential solutions are continuing to be considered be core developers to the extent that those solutions may be good for Bitcoin.

In the end there seems to be considerable consensus, as well, that softforks are the preferred path forward, to the extent that they can be attained and so long as there's no emergency requiring a hardfork, which seems to be the current status of the Bitcoin space.

until bitcoin scales.. it still doesn't... amazing how that concept is ridiculous and hard for you to understand.

[blunderer]

i got my bids in the 320s

Could take weeks tho.

[Wekkel]

i got my bids in the 320s

Could take weeks tho.

Or never happen....

BTC is holding up ok in this medium term down move (and oscillators are bottoming).

[JayJuanGee]

if kraken goes down.. we can expect a PUMP to $500 . (oops i did it again, i used "we" again, juangee gonna go into full retard again trying to figure out who i am talking about)

 


I already figured it out...   













"We" is the pet rock in your pocket.

[blunderer]

i got my bids in the 320s

Could take weeks tho.

Or never happen....

BTC is holding up ok in this medium term down move (and oscillators are bottoming).

Lol @ "oscillators are bottoming." These "bottoming oscillators" don't move the market. You might as well look for "bottoming oscillators" in a game of Three-Card Monte.

inb4 "no but really, it's all in the shape of the sheep liver, just gotta know how to read the charts": No.

[Fatman3001]

if kraken goes down.. we can expect a PUMP to $500 . (oops i did it again, i used "we" again, juangee gonna go into full retard again trying to figure out who i am talking about)

 


I already figured it out...   


"We" is the pet rock in your pocket.

[Meuh6879]

are we still above 350???

Amazing, isn't it?

  and when gold rise ... bitcoin follow ...  

[Tzupy]

Western exchanges want to crash, but Huobi and other Chinese don't follow (yet).

[ChartBuddy]

Coin



Explanation

[Wekkel]

These "bottoming oscillators" don't move the market.

Nobody argued otherwise. It's about working with probabilities. Charts may be useful (or maybe not).

[hdbuck]

Western exchanges want to crash, but Huobi and other Chinese don't follow (yet).

nothing wrong, just yuan devaluation extension in btc world.

[marcus_of_augustus]

i got my bids in the 320s

Could take weeks tho.

Or never happen....

BTC is holding up ok in this medium term down move (and oscillators are bottoming).

this. Next move is up and looking like it could be quite powerful as Crassic is getting #R3KT as quick as XT was ... basically DOA.

Peace in the dev community and the peanut gallery gets banned from dev discussion ... full steam ahead for the rocket train.

Gold Up, Bitcoin collapsing.

edit: http://xtnodes.com/ crassic train #R3K in progress, just fyi.