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

[hdbuck]

I could've used the good old "I told you so" about that whole blocksize thing...



1MB holding now more than ever..

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[bargainbin]

...
fact checking: ~0,6MB on 7d average
https://blockchain.info/fr/charts/avg-block-size?timespan=2year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=

and there'd still be spam in it, because low transaction cost.
...

That bridge that's backed up for miles during rush hours?  Only 10% utilized, on the average

Nobody is forcing you to use bitcoin, nobody cares about what you want.

NO U!


You're like Icicles's sulky, retarded little brother.

You're the one that wants to change it. Good luck fighting us anyway. Money always wins.

Money? Or BTC? Because if you hodl BTC, you don't have a voice in Bitcoin's "economic majority"

Either. Wealth wins.

Wealth does win. Sadly, having BTC is as relevant to wealth as hodling BTCeanies: It's the people with $$$ (the ones in position to buy the BTCeanies BTC churned out by the miners) who matter, not U
*You also misspelled ETH, which is doing grrreAT!.

@hdbuck/444[something]:

[gentlemand]

Has there ever been a documented case on this thread or elsewhere of two opposing points of view actually learning and eventually taking the other on board? Everyone's so seemingly entrenched that I no longer need to read the post, I just spot the usernames and know what's going to be written.

[hdbuck]

bargainbin/notlampchop/whatever: you are a nsa/banker rat, the sooner you admit defeat and ragequit, the better the chances your DC puppetmasters will be kind to you and maybe let you into their R3cev consortium, distributing stickers and vaporware brochures..

[AlexGR]

I don't necessarily disagree with you that there will be people that want more than 21m coins.

An argument like that will never be presented "we want more coins and high inflation for the lolz".

It will be presented as "we want cheap txs".... Arguments like "People want cheap txs, who are you to stop that".... Populist bullshit like "bigger blocks" and the "dangers" of "fullblockalypse".

There is no comparison between a hard fork to raise the blocksize and a hard fork to increase the 21 milion cap on supply. The former is a minor property that almost everyone agrees will need to be changed at some point. I owned Bitcoins for years before I even know there was a max blocksize.  I knew of the 21 MM limit before I bought my first coin.  

A slippery slope argument is a logical fallacy.  https://en.wikipedia.org/wiki/Slippery_slope

It was a known fact that as we go forward subsidy reduction will be compensated by increased tx fee revenue for the miners. We are nearing the second halving and we are at around 3/4ths of the monetary base already being distributed - leaving just 1/4 left. So where exactly is the increased fee revenue?

What are the fees? 1-2-3 cents? Are we serious? And you are blaming "cripplecore" etc etc, like if it was 2mb then something would change (fees would actually be lower because first block inclusion would be assured even at 10 satoshi per byte).

And forkers went out and said "ohhh we can't have a fee market, we must go to 8MB and 20MB urgently because the rising fees are unacceptable, they will kill bitcoin adoption" etc etc. They pretended all txs <1MB are all legit and that the lack of more space is preventing ...scaling real btc txs, instead of simply crowding out the spam.

If you make a precedent in favoring near-zero cost txs through hard forks, because you somehow have an ideological opposition to one of bitcoin's first principles (that as we go forward fees per block will rise) then you can make it again by increasing inflation instead of fees. You used to say that you don't want to pay fees because you bought your right to transact when you bought your coins and now you are saying "ohhh with lightning there will be less fees for the miners etc etc". It seems you spin it any way you like just to stir stuff.

By the way, in your next messages you are attacking a model that doesn't exist: The 1MBforevah. Core certainly doesn't support 1MBforevah or 3tx/s forevah. So you are projecting an irrationality to then deconstruct it but that irrationality doesn't really exist.

[bargainbin]

bargainbin/notlampchop/whatever: you are a nsa/banker rat, the sooner you admit defeat and ragequit, the better the chances your DC puppetmasters will be kind to you and maybe let you into their R3cev consortium, distributing stickers and vaporware brochures..

Thanks for buying my BTCits, chump prudent investor

[ChartBuddy]

Coin



Explanation

[Fatman3001]

Has there ever been a documented case on this thread or elsewhere of two opposing points of view actually learning and eventually taking the other on board? Everyone's so seemingly entrenched that I no longer need to read the post, I just spot the usernames and know what's going to be written.

To be fair, most of us are idiots.

[mainpmf]

Coin



Explanation

Full again...

Say whatever you want I don't like the idea of limited tx every day :/

[Fatman3001]

Coin



Explanation

Full again...

Say whatever you want I don't like the idea of limited tx every day :/

Fire up a classic node. Let your voice be heard.

https://bitcoinclassic.com/

[mainpmf]

Coin



Explanation

Full again...

Say whatever you want I don't like the idea of limited tx every day :/

Fire up a classic node. Let your voice be heard.

https://bitcoinclassic.com/

Well I'm not so sure forcing the community to go to classic is the best solution though ^^

[Fatman3001]

Coin



Explanation

Full again...

Say whatever you want I don't like the idea of limited tx every day :/

Fire up a classic node. Let your voice be heard.

https://bitcoinclassic.com/

Well I'm not so sure forcing the community to go to classic is the best solution though ^^

You can't do that. That's for the devs and the miners. Nodes show support, but they don't decide.

[bargainbin]

^^Non-mining nodes are *wallets*.
Suggesting that they mean anything above that is adding a layer of superstition on top of scripture -- like Catholics breaking canon by praying to Mary.

[adamstgBit]

Coin



Explanation

Full again...

Say whatever you want I don't like the idea of limited tx every day :/

Fire up a classic node. Let your voice be heard.

https://bitcoinclassic.com/

Well I'm not so sure forcing the community to go to classic is the best solution though ^^

You can't do that. That's for the devs and the miners. Nodes show support, but they don't decide.

you guys heard of the BIP to let miners vote using flags on the 32 bit version number with each block they mine? they should do the same thing with the nodes, i bet a lot of poeple running classic are only running it to let there "I WANT 2MB BLOCKS NOW!!!" voice be heard.
  

[adamstgBit]

[Fatman3001]

Coin



Explanation

Full again...

Say whatever you want I don't like the idea of limited tx every day :/

Fire up a classic node. Let your voice be heard.

https://bitcoinclassic.com/

Well I'm not so sure forcing the community to go to classic is the best solution though ^^

You can't do that. That's for the devs and the miners. Nodes show support, but they don't decide.

you guys heard of the BIP to let miners vote using flags on the 32 bit version number with each block they mine? they should do the same thing with the nodes, i bet a lot of poeple running classic are only running it to let there "I WANT 2MB BLOCKS NOW!!!" voice be heard.
  

Give me Core with BIP101 and Segwit HF and I'm game.

[adamstgBit]

are classic devs even qualified to touch bitcoin, besides change the #define 1MB?

its gr8 there's a competing impl., hope it doesn't fade into obscurity.

but core will be the reference impl. for some time.

[ChartBuddy]

Coin



Explanation

[bargainbin]

are classic devs even qualified to touch bitcoin, besides change the #define 1MB?

its gr8 there's a competing impl., hope it doesn't fade into obscurity.

but core will be the reference impl. for some time.

Are Core devs qualified to touch Bitcoin? Is it lack of qualifications that's responsible for their stalling?
"It's all very scientific and complicated, we must conduct Rethier-Binks perambularization model analysis for at least 3 years before it's safe"?

But as far as having cred outside of Bitcoin? Classic devs certainly have more.

[wachtwoord]

Shame on you Adam