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

[AlexGR]

Core hasn't accepted that yet. When and if they do, it's off to the races, but not before then.  You need to understand their objection. What if we upgrade to 2MB forks and nothing bad happens? It means that we could upgrade to 4 or 8 or 20.

How can I put it mildly? This is way too ...ignorant... just stop this madness. Just because you bought some coins at 10$, doesn't mean you know what's best for bitcoin, technically speaking. Let those who understand these things make the right choices.

Your rationale is so simplistic that it's not even funny. If you go from 1 to 2, it doesn't automatically mean you can go to 4-8-20 without consequences. This is truly idiotic to even contemplate.

The propagation data is vastly different for blocks of 2 / 4 / 8 / 20MB. In simple terms, it takes a few seconds for a 1MB block while it takes several MINUTES for a 20MB block - and if that block is crafted to fuck up CPU resources of others validating it, it could take half an hour or more to get both propagated + validated. By that time, an average of 3 new blocks will have been issued.

[marcus_of_augustus]

This present situation has been very disappointing to watch unfold.

[ChartBuddy]

Coin



Explanation

[inca]

Core hasn't accepted that yet. When and if they do, it's off to the races, but not before then.  You need to understand their objection. What if we upgrade to 2MB forks and nothing bad happens? It means that we could upgrade to 4 or 8 or 20.

How can I put it mildly? This is way too ...ignorant... just stop this madness. Just because you bought some coins at 10$, doesn't mean you know what's best for bitcoin, technically speaking. Let those who understand these things make the right choices.

Your rationale is so simplistic that it's not even funny. If you go from 1 to 2, it doesn't automatically mean you can go to 4-8-20 without consequences. This is truly idiotic to even contemplate.

The propagation data is vastly different for blocks of 2 / 4 / 8 / 20MB. In simple terms, it takes a few seconds for a 1MB block while it takes several MINUTES for a 20MB block - and if that block is crafted to fuck up CPU resources of others validating it, it could take half an hour or more to get both propagated + validated. By that time, an average of 3 new blocks will have been issued.

I am not sure why you are complaining about validation times for 20mb blocks when what is proposed is a rise to 2mb which is safe.

You seem to be under the gross misapprehension that those of us (the economic majority) who want bitcoin to scale on chain as far as is technically feasible also want to see it damaged in some way. The absolute reverse is true. We want bitcoin to succeed and are in the main heavily invested financially in that successful outcome. And those people with more than a tiny grasp of economics can see clearly that artificially capping the number of transactions which the bitcoin network can process whilst the userbase and transaction volume is relentlessly rising is a terrible, terrible idea.

Lobbying has been shown to be an extremely powerful way to control politics and lawmaking in the US. Bribery is another term for it. If i had a 75 million dollar slush fund I could probably make an excellent attempt to subvert bitcoin by paying a few key developers and suggesting gradual incremental limitations to bitcoin on chain to allow amazing non-existent payment layers to do the heavy lifting.

[valta4065]

Guys... Is this a head and shoulders? 

It's a dump incomiiiiiiiiiing!

[ChartBuddy]

Coin



Explanation

[findftp]

This present situation has been very disappointing to watch unfold.

Hmm...



http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

[craked5]

This present situation has been very disappointing to watch unfold.

Hmm...



http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

Whaou that's really cool to see that, it's a bit like a saint coming back to give the Good Word ^^

I suppose they're talking about btcClassic. They can do nothing no? I don't really understand what a hardfork is :-/

[Fatman3001]

@BMB your flip flopping is only slightly less frustrating. Marcus might have the correct view on that.  

That one hurt.

It ain't cut and dry. Just look at Adam! He freaked out! But he got better. IDK.

You're canadians. That's what you do. Ever wondered why your brand of americans still worships the Queen?

Not to mention Quebecs never ending secession flip flop. They're not french at all. They're canadians.

You whine a bit and then you go with the flow.

[molecular]

This present situation has been very disappointing to watch unfold.

Hmm...



http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

Whaou that's really cool to see that, it's a bit like a saint coming back to give the Good Word ^^

I suppose they're talking about btcClassic. They can do nothing no? I don't really understand what a hardfork is :-/

They're talking about XT (look at the date) and it's clearly fake.

stop the FUD guys

EDIT: a hardforking change is a change of the consensus rules that makes old nodes incompatible. It's only "dangerous" because core nodecount will go down.

[Fatman3001]

This present situation has been very disappointing to watch unfold.

Hmm...



http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

Whaou that's really cool to see that, it's a bit like a saint coming back to give the Good Word ^^

I suppose they're talking about btcClassic. They can do nothing no? I don't really understand what a hardfork is :-/

Bitcoin Classic didn't exist back then. We already know at least some of Satoshis accounts have been compromised. So that message is worthless.

[JayJuanGee]

This present situation has been very disappointing to watch unfold.

Hmm...



http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

Whaou that's really cool to see that, it's a bit like a saint coming back to give the Good Word ^^

I suppose they're talking about btcClassic. They can do nothing no? I don't really understand what a hardfork is :-/

They're talking about XT (look at the date) and it's clearly fake.

stop the FUD guys

EDIT: a hardforking change is a change of the consensus rules that makes old nodes incompatible. It's only "dangerous" because core nodecount will go down.

Seems to be a form of desperation to be either fabricating that kind of information or selectively finding such fabricated misinformation to spread in these threads.

[LFC_Bitcoin]

Seems to be a form of desperation to be either fabricating that kind of information or selectively finding such fabricated misinformation to spread in these threads.

This used to be my favourite thread on the forum. Now it's like a cheap, tabloid newspaper, full of shit.

[hdbuck]

This present situation has been very disappointing to watch unfold.

Hmm...



http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-August/010238.html

Whaou that's really cool to see that, it's a bit like a saint coming back to give the Good Word ^^

I suppose they're talking about btcClassic. They can do nothing no? I don't really understand what a hardfork is :-/

They're talking about XT (look at the date) and it's clearly fake.

stop the FUD guys

EDIT: a hardforking change is a change of the consensus rules that makes old nodes incompatible. It's only "dangerous" because core nodecount will go down.

Seems to be a form of desperation to be either fabricating that kind of information or selectively finding such fabricated misinformation to spread in these threads.

for the millionth time, nobody knows if it is fake or not.

[molecular]

Seems to be a form of desperation to be either fabricating that kind of information or selectively finding such fabricated misinformation to spread in these threads.

This used to be my favourite thread on the forum. Now it's like a cheap, tabloid newspaper, full of shit.

True. Good analogy.

Shit with an agenda interspersed with paid ads.

[molecular]

for the millionth time, nobody knows if it is fake or not.

Then let's assume it's fake, ok?

[craked5]

Ok seems than even after being scammed countless number of times I still don't have enough circonspection xD
Thanks for the precision though!

[findftp]

for the millionth time, nobody knows if it is fake or not.

 
Then let's assume it's fake, ok?

I agree,  only if the moon landing and nuclear bombs are fake as well!

[ChartBuddy]

Coin



Explanation

[hdbuck]

for the millionth time, nobody knows if it is fake or not.

Then let's assume it's fake, ok?

It just is neither fake nor legit. But whatever makes you feel good.

And either way, the message was quite spot on.