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

[TReano]

Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

bitcoin is different from gold in that it is way more risky.

sure seeing the fiat system slowly implode, is good for bitcoin, but it's not necessarily the place poeple run to when the stock market crashes. poeple run to gold because it's safe, bitcoin isn't perceived as a safe place.

agreed. That's what I wrote in my other post.

Bitcoin is in the end an high risk asset. If markets crash so will bitcoin most likely. It's just not a liquid safe haven to run into

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[cbeast]

The status quo folks are looking for cheap coins. They are getting cheaper every day. They never explained how they will secure their LN and sidechains with a worthless coin.

[QuestionAuthority]

very nice market action past few hours, we are on the verge poeple.


THE VERGE!

The verge of another couple of weeks in the $370s.

[JayJuanGee]

Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

bitcoin is different from gold in that it is way more risky.

sure seeing the fiat system slowly implode, is good for bitcoin, but it's not necessarily the place poeple run to when the stock market crashes. poeple run to gold because it's safe, bitcoin isn't perceived as a safe place.

Hey  Adam!!!!!!


Give us a sign, fearless leader.   



 

[marcus_of_augustus]

bitcoin protocol compromised?

no, we've just had an insider FUDtroll attack test successfully repelled ... all the FUDtrolls and lolcow followers can go back to being useless eater drones for now

[adamstgBit]

Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

bitcoin is different from gold in that it is way more risky.

sure seeing the fiat system slowly implode, is good for bitcoin, but it's not necessarily the place poeple run to when the stock market crashes. poeple run to gold because it's safe, bitcoin isn't perceived as a safe place.

Hey  Adam!!!!!!


Give us a sign, fearless leader.    



 

Onward!



to the moon!

[blunderer]

^For the first time I actually felt bad for him.
In azhun jail

[ssmc2]

Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

bitcoin is different from gold in that it is way more risky.

sure seeing the fiat system slowly implode, is good for bitcoin, but it's not necessarily the place poeple run to when the stock market crashes. poeple run to gold because it's safe, bitcoin isn't perceived as a safe place.

Hey  Adam!!!!!!


Give us a sign, fearless leader.    



 

Onward!



to the moon!

Shit, we're gonna drop more now

[adamstgBit]

Shit, we're gonna drop more now

and MindCoin will skyrocket soon!

[nioc]

Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

Gold is up because it solved its block size problem.

you've fallen into Gavin and Mike Hearns govt. doublespeak language trap, there is no "blocksize problem" ... there are only transaction capacity challenges that are largely solved and are being implemented and technological growth constraints that can be adequately worked with.

You are correct that it is a transaction capacity problem.  I didn't realize it was largely solved and being implemented.

A few points of clarification please.

What transaction capacity is needed?
Being that the transaction capacity challenges are largely solved, would you please list what those solutions are?
What is the timeline for the implementation of these solutions?
What will be the transaction capacity be when these solutions are implemented and how does it compare to the needed transaction capacity?

Thank you.
 

[adamstgBit]

Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

Gold is up because it solved its block size problem.

you've fallen into Gavin and Mike Hearns govt. doublespeak language trap, there is no "blocksize problem" ... there are only transaction capacity challenges that are largely solved and are being implemented and technological growth constraints that can be adequately worked with.

You are correct that it is a transaction capacity problem.  I didn't realize it was largely solved and being implemented.

A few points of clarification please.

What transaction capacity is needed?
Being that the transaction capacity challenges are largely solved, would you please list what those solutions are?
What is the timeline for the implementation of these solutions?
What will be the transaction capacity be when these solutions are implemented and how does it compare to the needed transaction capacity?

Thank you.
 

i'll anwer your questions in order


for now... about double what we have now.

segwit mostly.

6months ISH

about double.

[Cconvert2G36]

bitcoin protocol compromised?

Nah, it's just been captured by a neckbearded junta of would-be technocrats and central planners. The centralized channels of communication have been sanitized in an effort to maintain imaginary control. As their grasp on the reins of illusory power tightens and the reins fray to the strength of a single thread... you will hear the staccato keyboard taps of their enablers reach a fevered pitch. They've gathered up a $76MM war chest, obtained by promises that they have everything well in hand. The best lie (and VC pitch) is the one you believe yourself.

Good news tho, the ones who solve the blocks that facilitate the whole shebang... are beginning to wise up to what's going on. They won't be ceding their future profits to their future competition.



The darkest hour is just before the dawn.

[ChartBuddy]

Coin



Explanation

[marcus_of_augustus]

^For the first time I actually felt bad for him.
In azhun jail

Karpeles the sequel is going to be like an epic samurai comic.

He comes out of jail with deep links to the Yakuza network who have need for moving large sums internationally bada-bing bitcoin! Mt. Gox-reloaded on the deepweb ... but now has huge chip on his shoulder because someone injected his cat inappropriately and it died. Basically he turns badass gangster gangnam style ... and finally learns C++ and JS just 'cause. Oh, and gives up dreams of booking all his frappunico double-whipped cream toppings directly to the blockchain.

[Cconvert2G36]

Segwit is more like 1.3MB equiv, to 1.75MB equiv in a rosy scenario. It also gives a heavy discount to signature heavy transactions like the vaporous LN. Most importantly, the "soft" fork method allows no room for protest at the node level.

It has the added "benefit" of leaving all non segwit nodes in a half broken state, not able to fully validate. All done without their request or permission.

[sAt0sHiFanClub]

bitcoin protocol compromised?

Nah, it's just been captured by a neckbearded junta of would-be technocrats and central planners. The centralized channels of communication have been sanitized in an effort to maintain imaginary control. As their grasp on the reins of illusory power tightens and the reins fray to the strength of a single thread... you will hear the staccato keyboard taps of their enablers reach a fevered pitch. They've gathered up a $76MM war chest, obtained by promises that they have everything well in hand. The best lie (and VC pitch) is the one you believe yourself.

Good news tho, the ones who solve the blocks that facilitate the whole shebang... are beginning to wise up to what's going on. They won't be ceding their future profits to their future competition.



The darkest hour is just before the dawn.

I know of at least 3 sidechain projects in the works. Do you think a sidechain will be worth less after a hard fork brings more capacity? Do you think Blockstream will be held legally accountable?

Hasn't bluematt just solved all  our problems?  1.5Mb HF with SW discount reduced to 50% ?  

Must be getting kinda hot in core about now....

[marcus_of_augustus]

Gold is up almost 15% without any noticeable pullbacks yet this year. This is straight connected to the dropping Stock markets. The Goldprice is a straight measure of market fear.


This is the time for bitcoin to shine like gold does. If we dump just like the stock markets do I don't see many people looking into bitcoin as a possible investment in bad times.

Gold is up because it solved its block size problem.

you've fallen into Gavin and Mike Hearns govt. doublespeak language trap, there is no "blocksize problem" ... there are only transaction capacity challenges that are largely solved and are being implemented and technological growth constraints that can be adequately worked with.

You are correct that it is a transaction capacity problem.  I didn't realize it was largely solved and being implemented.

A few points of clarification please.

What transaction capacity is needed?
Being that the transaction capacity challenges are largely solved, would you please list what those solutions are?
What is the timeline for the implementation of these solutions?
What will be the transaction capacity be when these solutions are implemented and how does it compare to the needed transaction capacity?

Thank you.
 

NP I'm amazed you don't seem to be aware of the capacity increases roadmap and screeds of pages of discussioon that been written about it by now, but here is the link https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011865.html https://bitcoincore.org/en/2015/12/21/capacity-increase/ and a FAQ link seeing as you have lots of innocently leading queries also it seems https://bitcoincore.org/en/2015/12/23/capacity-increases-faq/

[Cconvert2G36]

I know of at least 3 sidechain projects in the works. Do you think a sidechain will be worth less after a hard fork brings more capacity? Do you think Blockstream will be held legally accountable?

The hard fork itself doesn't bring the capacity, the miners deciding to mine bigger blocks does. Sidechains should be fine if they are able to compete on equal footing with native tx, there are likely many cases where they can be successful in that.

Blockstream will be held accountable by the market, the miners that process transactions, and the users/customers that pay for their product/service. I wish them success as long as it is attained by competitive, not coercive means.

[marcus_of_augustus]

bitcoin protocol compromised?

Nah, it's just been captured by a neckbearded junta of would-be technocrats and central planners. The centralized channels of communication have been sanitized in an effort to maintain imaginary control. As their grasp on the reins of illusory power tightens and the reins fray to the strength of a single thread... you will hear the staccato keyboard taps of their enablers reach a fevered pitch. They've gathered up a $76MM war chest, obtained by promises that they have everything well in hand. The best lie (and VC pitch) is the one you believe yourself.

Good news tho, the ones who solve the blocks that facilitate the whole shebang... are beginning to wise up to what's going on. They won't be ceding their future profits to their future competition.



The darkest hour is just before the dawn.

wow this post reeks and I can't tell if it's from the verbal diarrhea attempt at spin or the plain desperation ... maybe the darkness is just darkness of a dark dying movement, no false dawns?

[adamstgBit]

Segwit is more like 1.3MB equiv, to 1.75MB equiv in a rosy scenario. It also gives a heavy discount to signature heavy transactions like the vaporous LN. Most importantly, the "soft" fork method allows no room for protest at the node level.

It has the added "benefit" of leaving all non segwit nodes in a half broken state, not able to fully validate. All done without their request or permission.

way to understate segwit.

1.75x incess is HUGE!

scaling bitcoin isnt about how big we can make the blocks, but how efficiently we can use block space