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

[BitUsher]

Bullish-- LN expected 3rd Q 2016

https://www.coingecko.com/buzz/eric-lombrozo-7-use-cases-lightning-network


http://bravetheworld.com/2016/02/09/faith-bitcoin-restored/

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[1714698240]

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[hdbuck]

Bullish-- LN expected 3rd Q 2016

https://www.coingecko.com/buzz/eric-lombrozo-7-use-cases-lightning-network


http://bravetheworld.com/2016/02/09/faith-bitcoin-restored/

let's make things clear, bitcoin's segwit, even as a soft-fork, is absolutely *not* backwards compatible

[ChartBuddy]

Coin



Explanation

[BlindMayorBitcorn]

https://medium.com/@spair/in-support-of-opt-in-rbf-2b11aff0536a#.hkaf1efla

[BitUsher]

let's make things clear, bitcoin's segwit, even as a soft-fork, is absolutely *not* backwards compatible

Partially true, but misleading.

Once 95% is reached , any nodes not upgrading will still be able to use bitcoin on their outdated implementations/wallets , but will no longer validate the new segwit signatures which they already would not create themselves or have paid to them, or pay attention to until confirmed.
So essentially those that choose not to upgrade to segwit, validation will remain the same with old tx's , they just cannot validate segwit tx's which they can accept but won't verify until confirmed.

[barbs]

5 million in asks on buttstamp to 450

 

[hdbuck]

let's make things clear, bitcoin's segwit, even as a soft-fork, is absolutely *not* backwards compatible

Partially true, but misleading.

Once 95% is reached , any nodes not upgrading will still be able to use bitcoin on their outdated implementations/wallets , but will no longer validate the new segwit signatures which they already would not create themselves or have paid to them, or pay attention to until confirmed.
So essentially those that choose not to upgrade to segwit, validation will remain the same with old tx's , they just cannot validate segwit tx's which they can accept but won't verify until confirmed.

1/ "Once 95% is reached" arf arf arf you go first.
2/ Validation? like in accepting segwitted transactions? hoohohohoho..

[BlindMayorBitcorn]

5 million in asks on buttstamp to 450

 

If this thing doesn’t crash down under 300 in the next 28 days I’ll eat a shoe.

[rekinthis]

i cant wait for a price increase, when will it happen??

[BitUsher]

1/ "Once 95% is reached" arf arf arf you go first.
2/ Validation? like in accepting segwitted transactions? hoohohohoho..

I will gladly upgrade and you can stay on your old implementation and pay a higher fee than me , thus it is backwards compatible.... but be advised to wait for confirmations on segwit tx's as your old wallet will have degraded security with regards to those tx's.

Will you be creating an implementation to reject segwit tx that are even confirmed?

[mb300sd]

5 million in asks on buttstamp to 450

 

If this thing doesn’t crash down under 300 in the next 28 days I’ll eat a shoe.

Quoted for posterity. I will donate my shoes from Mardi Gras.

[barbs]

Namase

[BlindMayorBitcorn]

5 million in asks on buttstamp to 450

 

If this thing doesn’t crash down under 300 in the next 28 days I’ll eat a shoe.

Quoted for posterity. I will donate my shoes from Mardi Gras.

Fat Tuesday has its own shoes?

[BitUsher]

Fat Tuesday has its own shoes?

Have you ever been to Mardi Gras? The streets are absolutely disgusting and filled with piss, vomit, and shit. I would suggest you decline any shoes from Mardi Gras. I look forward to watching the video of your meal... may a suggest a Chianti as well?

[hdbuck]

1/ "Once 95% is reached" arf arf arf you go first.
2/ Validation? like in accepting segwitted transactions? hoohohohoho..

I will gladly upgrade and you can stay on your old implementation and pay a higher fee than me , thus it is backwards compatible.... but be advised to wait for confirmations on segwit tx's as your old wallet will have degraded security with regards to those tx's.

Will you be creating an implementation to reject segwit tx that are even confirmed?

Who said anything about confirmation or fees?
Obviously people not upgrading would not want their coin transvestites by whatever some random dev manages to push down the Protocol's throat.

You know mined coins have a higher value than what the shady - for 'teh mass' - exchanges might offer?
Honeybadger, never sleeps. At some point, unused or unforked coins will worth much more, just the same as gold's 'purity' carats.
Except not backward compatible.

[pearnapple]

the price is very stable, stability is good i guess in the bitcoin world, as it attracts more people to bitcoin i think

[gizmoh]

Bitcoin is on the verge of splitting in two

http://www.theverge.com/2016/2/9/10946072/bitcoin-core-classic-software-block-size-debate

Bitcoin is in the midst of a civil war.

[BlindMayorBitcorn]

Fat Tuesday has its own shoes?

Have you ever been to Mardi Gras? The streets are absolutely disgusting and filled with piss, vomit, and shit. I would suggest you decline any shoes from Mardi Gras. I look forward to watching the video of your meal... may a suggest a Chianti as well?

Sounds like a classy party.

I choose the shoe.

[BitUsher]

Who said anything about confirmation or fees?
Obviously people not upgrading would not want their coin transvestites by whatever some random dev manages to push down the Protocol's throat.

You know mined coins have a higher value than what the shady - for 'teh mass' - exchanges might offer?
Honeybadger, never sleeps. At some point, unused or unforked coins will worth much more, just the same as gold's 'purity' carats.
Except not backward compatible.

Wow , you are just as ignorant about segwit as many classic supporters.

How do you intend to keep you un-tainted coins from accepting coins segwit free?
Are you going to create a new implementation to explicitly deny coins delivered via segwit thus hardforking yourself into an alt?
Or are you going to do your best to convince the miners to not adopt segwit?

Sounds like a classy party.

I choose the shoe.

Carnival and the jazz fest are much better. Mardi Gras is more for alchoholics and immature boys who are impressed by a set of tits.

[JayJuanGee]

price is up a bit, Max leverage short now?

Look at you?


Attempting reverse psychology!!!!