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

[BitUsher]

Its a nice ad , outside the fact that the photoshop work makes the can look like it just participated in a bukake gangbang. They should remove a bit of the white within the perspiration and some of the moisture in general.

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[JimboToronto]

Good morning Bitcoinland.

Still stuck in the $370s I see. Still fussing over the fork.

Ho hum.
__________

A belated Gung Hey Fat Choy to all. I kinda missed yesterday due to excessive celebration. The world goes on.

Mmm, coffee. Not to fight ennui, but rather to fight a nasty hangover.

[ChartBuddy]

Coin



Explanation

[bargainbin]

[infofront]

It is only because of politics that people will not like Classic.

Classic is just Core with at 2mb block size limit.

Classic is building off the 0.11.2 branch which is soon to be outdated with 0.12.0 coming out of RC. There are many significant improvements with 0.12.0 that you will be forgoing(It is unlikely that Classic will switch over to 0.12.0 within the next 2 months) . Classic only has 2 experienced developers maintaining it where Core has 45.

Segwit and classic have practically similar capacity upgrades, with segwit allowing for better longterm scaling by fixing tx malleability(something that is required for payment channels to progress) .

Logically, supporting Classic doesn't make much sense.

What's to stop the Classic team from implementing segwit? AFAIK the coding is mostly complete, and publicly available.

[BlindMayorBitcorn]

It is only because of politics that people will not like Classic.

Classic is just Core with at 2mb block size limit.

Classic is building off the 0.11.2 branch which is soon to be outdated with 0.12.0 coming out of RC. There are many significant improvements with 0.12.0 that you will be forgoing(It is unlikely that Classic will switch over to 0.12.0 within the next 2 months) . Classic only has 2 experienced developers maintaining it where Core has 45.

Segwit and classic have practically similar capacity upgrades, with segwit allowing for better longterm scaling by fixing tx malleability(something that is required for payment channels to progress) .

Logically, supporting Classic doesn't make much sense.

What's to stop the Classic team from implementing segwit? AFAIK the coding is mostly complete, and publicly available.

The other side thinks SegWit is a gross kludge of code. If they just copy it, what was the point of all this? What was the point?!?

[BitUsher]

What's to stop the Classic team from implementing segwit? AFAIK the coding is mostly complete, and publicly available.

If Classic doesn't fizzle out like XT , they likely will implement segwit, but the difference is they prefer to do it in a HF as the developers have explained.... The earliest possible Classic can fork the network is 2 months out because the 28 day grace period. This means that If Classic starts to work on integrating segwit right away and test right away than they might be able to HF a second time to roll out segwit in 5-8 months instead of April like Core is planning. This will significantly delay improvements and benefits of segwit and work on payment channels like LN which is focused on increasing capacity.

The other side thinks SegWit is a gross kludge of code. If they just copy it, what was the point of all this? What was the point?!?

All the classic Devs really see Segwit as amazing and needed, they just prefer deploying it as a HF. Your statement is true of some classic supporters who don't understand Segwit, and have a low comprehension where they didn't realize the criticisms of Segwit from Cassic devs was aimed at it being deployed as a soft fork... which means the code is slightly more complex and less "clean".

[gijoes]

finex and poloniex

Thanks sir.
Gonna see what they're looking. I'm a bit tired of Kraken.

Poloniex is great for altcoin trading and they have the best charting tools. But their BTC/USD book is almost non-existent. Bitfinex is great for BTC/USD trading, both cash and leveraged.

[bargainbin]

... If they just copy it, what was the point of all this? What was the point?!?

[BlindMayorBitcorn]

The other side thinks SegWit is a gross kludge of code. If they just copy it, what was the point of all this? What was the point?!?

All the classic Devs really see Segwit as amazing and needed, they just prefer deploying it as a HF. Your statement is true of some classic supporters who don't understand Segwit, and have a low comprehension where they didn't realize the criticisms of Segwit from Cassic devs was aimed at it being deployed as a soft fork... which means the code is slightly more complex and less "clean".

Oh.

[gijoes]

classic supporters ... don't understand Segwit, and have a low comprehension ...

... of pretty much anything, I presume. Thanks for your honesty!

Let's hope they have enough brain to understand at least this: http://bitcoinocracy.com/arguments/if-non-core-hard-fork-wins-major-holders-will-sell-btc-driving-price-into-the-ground

[BitUsher]

classic supporters ... don't understand Segwit, and have a low comprehension ...

... of pretty much anything, I presume. Thanks for your honesty!

I do indeed see more misinformation from forums and reddit locations that promote Classic. It isn't fair to label all classic supporters as naive however , there are many valid reasons I can argue to support their positions , even though I disagree with their direction and manner of deploying a hard fork.

[bargainbin]

... Your statement is true of some classic supporters who don't understand Segwit, and have a low comprehension where they didn't realize the <snip>

He bankster lapdog, shilling for Teh Man. Pathetic Puppet don't grok disruptive potenshul of our paradigm-shifting blockchain technology. Legacy finance fiat toilet paper chancellor on the brink of second bailout, right at the tipping point of our Black Swan paradigm shift to cryptopia.

This train is bound for glory (this train), leaving with or without you so get in at the ground floor, onboard now or cry later.

CCMF! SFYL!

Communication must become total and conscious before we can stop it. Cut word lines -- Cut music lines -- Smash control images -- Smash control machine!

[hdbuck]

classic supporters ... don't understand Segwit, and have a low comprehension ...

... of pretty much anything, I presume. Thanks for your honesty!

I do indeed see more misinformation from forums and reddit locations that promote Classic. It isn't fair to label all classic supporters as naive however , there are many valid reasons I can argue to support their positions , even though I disagree with their direction and manner of deploying a hard fork.

They are either liars or retards. Admit it.

[iCEBREAKER]

What's to stop the Classic team from implementing segwit? AFAIK the coding is mostly complete, and publicly available.

The Classic team depends on their brainwashed superstitious cargo cult for support.

That cult's totem and taboo structure worships larger blocks and despises any innovation supported by Core.

Classic won't even allow its users the option to enable RBF ("Because Controversial").

They only accepted CLTV because somebody called it OP_HODL and the anti-Todd lynch mob subsequently threatened to turn against them, for withholding a suddenly popular feature.

There's no way the Gavinistas will admit segwit is a good idea, precisely because it was proposed by Evil Blockstream People.

The other side thinks SegWit is a gross kludge of code. If they just copy it, what was the point of all this? What was the point?!?

quod erat demonstrandum

[hdbuck]

What's to stop the Classic team from implementing segwit? AFAIK the coding is mostly complete, and publicly available.

The Classic team depends on their brainwashed superstitious cargo cult for support.

That cult's totem and taboo structure worships larger blocks and despises any innovation supported by Core.

Classic doesn't even have RBF (Because Controversial).  They only accepted CLTV because somebody called it OP_HODL.

There's no way they will admit segwit is a good idea, because it was proposed by Evil Blockstream People.

They dont even support larger block per say, they just want to hardfork bitcoin and break consensus.

[BitUsher]

There's no way they will admit segwit is a good idea, because it was proposed by Evil Blockstream People.

I certainly have seen an inclination for cognitive dissonance where many automatically assume that everything coming from Core and Blockstream is evil or the wrong method. This doesn't apply to Classic devs who appear genuine and have nuanced arguments and opinions.
I don't assume bad faith in the classic devs or even some prominent classic supporters by default. The sooner we understand their objections the better we can clarify them and address their concerns.

They dont even support larger block per say, they just want to hardfork bitcoin and break consensus.

Besides any potential Agent Provocateurs I would suggest that all of them do indeed want bigger blocks. Classic supporters are merely the immigrants from XT and unlimited failures. Their 2 main motivations from what I can tell are "Firing" blockstream devs out of spite and raising the blocksize.

Hopefully, they will get over any past grudges once this is over and understand that many of us do indeed want larger capacity improvements as well as them and most of our goals are aligned with theirs.

[ChartBuddy]

Coin



Explanation

[hdbuck]

This bitcoin hard/soft-fork business gets moALL GLORY TO THE HYPNOTOAD

~Davout

[hdbuck]

Besides any potential Agent Provocateurs I would suggest that all of them do indeed want bigger blocks. Classic supporters are merely the immigrants from XT and unlimited failures. Their 2 main motivations from what I can tell are "Firing" blockstream devs out of spite and raising the blocksize.

Hopefully, they will get over any past grudges once this is over and understand that many of us do indeed want larger capacity improvements as well as them and most of our goals are aligned with theirs.

meh, who gives aheck about noobs not caring for bitcoin's consensus, network integrity and security above all?

If only they would have forked off already..  


hey kids, it's forking day! lets do this naooooo!