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

[ChartBuddy]

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[1714641033]

1714641033

[1714641033]

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[1714641033]

1714641033

[DaRude]

Monkey reports in: Monkey thinks the next week could be uppish, but is generally skeptical out until mid-March, then bullish on the multi-month scale.

This time, I think I agree, but whatevs.

year of the monkey hasn't officially started yet has it?

What am i looking at here?

[Fatman3001]

Monkey reports in: Monkey thinks the next week could be uppish, but is generally skeptical out until mid-March, then bullish on the multi-month scale.

This time, I think I agree, but whatevs.

year of the monkey hasn't officially started yet has it?

What am i looking at here?

Edit: fat chick pink elephant bending over on a hill

[harrymmmm]

Why is it a bad thing?

If all miners agree on that well it's more or less the only thing that can be done no?

No, you are right, if this is what the consensus is, then thats what it is.

I'm worried that it seems the impetus is to cut it off before it can be established by the means with which it was originally intended to be reached - by running the software of your choice.

Simply put you can run any software you choose, but when you start screwing with the consensus code where the value lies, you better have a damn good reason and 99% of people backing you up. If you don't, you can expect this kind of a shitstorm.

[craked5]

Monkey reports in: Monkey thinks the next week could be uppish, but is generally skeptical out until mid-March, then bullish on the multi-month scale.

This time, I think I agree, but whatevs.

year of the monkey hasn't officially started yet has it?

Am I looking at what I think I am looking at? 

[ChartBuddy]

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[Fatman3001]

Monkey reports in: Monkey thinks the next week could be uppish, but is generally skeptical out until mid-March, then bullish on the multi-month scale.

This time, I think I agree, but whatevs.

year of the monkey hasn't officially started yet has it?

Am I looking at what I think I am looking at? 

[craked5]

Looks like the classic nodes are stalling, will be difficult to achieve a majority of classic nodes.

Hopefully the discussion will lead to an upgrade of core to bigger blocks as well, and preferably before the segwit introduction and more importantly soon...

Will the classic and core be able to co-exist?

[ChartBuddy]

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[RAJSALLIN]

Monkey reports in: Monkey thinks the next week could be uppish, but is generally skeptical out until mid-March, then bullish on the multi-month scale.

This time, I think I agree, but whatevs.

No offence Aminorex but your monkey doesn't seem to know what he's doing lately. Also he thought bitcoin was broken just a week ago. What happened that changed your monkeys mind if he is bullish on a multi month scale?

Think it might be time to put your monkey to sleep.

[ChartBuddy]

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[hdbuck]

Looks like the classic nodes are stalling, will be difficult to achieve a majority of classic nodes.

Hopefully the discussion will lead to an upgrade of core to bigger blocks as well, and preferably before the segwit introduction and more importantly soon...

Will the classic and core be able to co-exist?

Yes, if they both allow 2 MB blocks, why not, they currently do for 1 MB blocks.
As long as classic and core can handle 2 MB blocks whenever miners start mining 2 MB blocks, it should be fine.

Of course it also depends on the version all nodes are running, if most nodes stay on a 1MB version, then there will be a problem, once miners start mining bigger blocks. It is essential for the network to upgrade to the new bigger block versions (classic and core), otherwise there will be a fork.

However a fork will never happen, since I do not expect miners to start mining bigger blocks before a significant part of the network has switched to the new versions. Unfortunately, bigger blocks will only happen if core introduces bigger blocks as well.

So let's wait and see.
My classic node (vote for bigger blocks) is still running....

Well well, seems you figure it all out.

"Increase blocksize limit -> Potential Exponential"
"The blocksize limit should be big enough to enable mass adoption / potential exponential growth."


Braindamaged?

[BlindMayorBitcorn]

The main advantages of Ethereum over Bitcoin is that people in control are qualified and expected to not screw everything, unlike Core people.

You must be oblivious to the development crisis's and mistakes in Ethereum and the flight of developers from that project.

I think its main advantage could be that the founder of the project is still there and functions as a "natural consensus". Also its good that his identity is known.

Apart from that ETH could get the same problems and civilwars that Bitcoin is experiencing.

Good point.

All this cultist crap around Satoshi is not healthy.

Might be nice to know some lone ranger can't suddenly up and flood the market with bags and bags of coins. IDK. It is a trust machine, after all.

This might hurt.

https://www.reddit.com/r/ethereum/comments/45bhus/so_the_ethereum_foundation_can_now_fund_itself/czwqr30

[Fatman3001]

The main advantages of Ethereum over Bitcoin is that people in control are qualified and expected to not screw everything, unlike Core people.

You must be oblivious to the development crisis's and mistakes in Ethereum and the flight of developers from that project.

I think its main advantage could be that the founder of the project is still there and functions as a "natural consensus". Also its good that his identity is known.

Apart from that ETH could get the same problems and civilwars that Bitcoin is experiencing.

Good point.

All this cultist crap around Satoshi is not healthy.

Might be nice to know some lone ranger can't suddenly up and flood the market with bags and bags of coins. IDK. It is a trust machine, after all.

This might hurt.

https://www.reddit.com/r/ethereum/comments/45bhus/so_the_ethereum_foundation_can_now_fund_itself/czwqr30

Fully funded development until 2023?

oh the pain

[mainpmf]

The main advantages of Ethereum over Bitcoin is that people in control are qualified and expected to not screw everything, unlike Core people.

You must be oblivious to the development crisis's and mistakes in Ethereum and the flight of developers from that project.

I think its main advantage could be that the founder of the project is still there and functions as a "natural consensus". Also its good that his identity is known.

Apart from that ETH could get the same problems and civilwars that Bitcoin is experiencing.

Good point.

All this cultist crap around Satoshi is not healthy.

Might be nice to know some lone ranger can't suddenly up and flood the market with bags and bags of coins. IDK. It is a trust machine, after all.

This might hurt.

https://www.reddit.com/r/ethereum/comments/45bhus/so_the_ethereum_foundation_can_now_fund_itself/czwqr30

I don't understand, why would it hurt?

[BlindMayorBitcorn]

His comment may be bad for morale?

[ChartBuddy]

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[valta4065]

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I like to see that we're again in the 380 range!

Now we just have to wait for the eth scam to go down and money to go back to btc :3

[hdbuck]

Looks like the classic nodes are stalling, will be difficult to achieve a majority of classic nodes.

Hopefully the discussion will lead to an upgrade of core to bigger blocks as well, and preferably before the segwit introduction and more importantly soon...

Will the classic and core be able to co-exist?

Yes, if they both allow 2 MB blocks, why not, they currently do for 1 MB blocks.
As long as classic and core can handle 2 MB blocks whenever miners start mining 2 MB blocks, it should be fine.

Of course it also depends on the version all nodes are running, if most nodes stay on a 1MB version, then there will be a problem, once miners start mining bigger blocks. It is essential for the network to upgrade to the new bigger block versions (classic and core), otherwise there will be a fork.

However a fork will never happen, since I do not expect miners to start mining bigger blocks before a significant part of the network has switched to the new versions. Unfortunately, bigger blocks will only happen if core introduces bigger blocks as well.

So let's wait and see.
My classic node (vote for bigger blocks) is still running....

Well well, seems you figure it all out.

"Increase blocksize limit -> Potential Exponential"
"The blocksize limit should be big enough to enable mass adoption / potential exponential growth."


Braindamaged?

There is a huge surge in industry giants entering the blockchain technology, private as well as public blockchains.
These companies already have the infrastructure, marketing budget, user trust, experience, etc., in order to bring a new technology/product to market and bitcoin is in essence competing with these companies. Any system limitation of the bitcoin network will be a competitive disadvantage. As with any new successful technology, there will be a period of mass adoption and the one who reaches critical mass first will be the leader.

However; if user adoption starts to grow beyond the capabilities of the bitcoin network, then there will be no possibility to reach this exponential growth and critical mass. That is why the network should be able to scale when needed for mass adoption to happen.

If not, then you might loose out to these industry giants, and this might happen sooner than you expect.

iI you do not agree, then please explain why...

I stopped reading at "industry giants entering the bl0ckchain tech0l0gy".

[ChartBuddy]

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