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

[BlindMayorBitcorn]

Pretty good write-up about opt-in RBF here by GreenAddress CEO Lawrence Nahum*: Why Replace by Fee is Good for Bitcoin

*Do we know this guy from somewhere?

[xslugx]

Coin



Explanation

Last 5 blocks were nearly completely full :-/

[billyjoeallen]

fork off already.

This is a good example of what I am talking about. This is something a consensus builder would not say.

[yugo23]

ooh the price seems to be not rising right now, i guess here comes the real test of the price, lets hope it will be at least stable

One does not simply rise past $420 without returning to it over and over for a few days.

That's right! The price is always a bit unstable, but the 420 ceiling is incredibly strong

[hdbuck]

fork off already.

This is a good example of what I am talking about. This is something a consensus builder would not say.

there is no consensus to be found whatsoever with socialist freeshit spammers.

so you are free to fork off to whatever bloated corpcoin, gavincoin, usgcoin..

bitcoin will still exist as is and prevail in value with its conservative original parameters.

[billyjoeallen]

fork off already.

This is a good example of what I am talking about. This is something a consensus builder would not say.

there is no consensus to be found whatsoever with socialist freeshit spammers.

so you are free to fork off to whatever bloated corpcoin, gavincoin, usgcoin..

bitcoin will still exist as is and prevail in value with its conservative original parameters.

Facebook went years without ads to grow it's user base. Is Zuckerberg a socialist?  Youtube did the same thing. So did Google, Microsoft, IBM, Yahoo!...are all these companies charities?

[hdbuck]

fork off already.

This is a good example of what I am talking about. This is something a consensus builder would not say.

there is no consensus to be found whatsoever with socialist freeshit spammers.

so you are free to fork off to whatever bloated corpcoin, gavincoin, usgcoin..

bitcoin will still exist as is and prevail in value with its conservative original parameters.

Facebook went years without ads to grow it's user base. Is Zuckerberg a socialist?  Youtube did the same thing. So did Google, Microsoft, IBM, Yahoo!...are all these companies charities?

bitcoin is neither a company, nor a charity ffs.

[AlexGR]

fork off already.

This is a good example of what I am talking about. This is something a consensus builder would not say.

there is no consensus to be found whatsoever with socialist freeshit spammers.

so you are free to fork off to whatever bloated corpcoin, gavincoin, usgcoin..

bitcoin will still exist as is and prevail in value with its conservative original parameters.

Facebook went years without ads to grow it's user base. Is Zuckerberg a socialist?  Youtube did the same thing. So did Google, Microsoft, IBM, Yahoo!...are all these companies charities?

How many years?

BTC is on it's 7th year, approaching the second halving, and already having distributed nearly 75% of the total monetary base (leaving just 25% for subsidy). Fees are currently at 0.01 - 0.04$ = peanuts, despite "Blocks are full".

[blunderer]

[ChartBuddy]

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Explanation

[bitebits]

folks? still that block-discussion going on?

isnt it obv meanwhile? classic wont succeed, miners are hesitant to switch.

but core will have to accept a 2MB hardfork in 2017. miners want that.

so case closed. nothing to see here anymore.

I have the feeling that all it needs is a spark, since the network is ready whenever required.
No clue what that spark is or will be though, but surely having my popcorn ready.

[billyjoeallen]

fork off already.

This is a good example of what I am talking about. This is something a consensus builder would not say.

there is no consensus to be found whatsoever with socialist freeshit spammers.

so you are free to fork off to whatever bloated corpcoin, gavincoin, usgcoin..

bitcoin will still exist as is and prevail in value with its conservative original parameters.

Facebook went years without ads to grow it's user base. Is Zuckerberg a socialist?  Youtube did the same thing. So did Google, Microsoft, IBM, Yahoo!...are all these companies charities?

How many years?

BTC is on it's 7th year, approaching the second halving, and already having distributed nearly 75% of the total monetary base (leaving just 25% for subsidy). Fees are currently at 0.01 - 0.04$ = peanuts, despite "Blocks are full".

For as many years as it takes to reach a critical mass of users.  Businesses and investors are forward thinking.  If fees double every year, in a decade they could be over $10,000 per transaction!  OTOH if $/BTC price doubles every year, miners will still be well compensated with blockrewards even when mining a tiny fraction of coin per block.   Which of these two scenarios would make you want to invest?

[adamstgBit]

https://bitcointalk.org/index.php?topic=1370081.msg13941677#new

i'd like a few more votes.

[JayJuanGee]

You really have to appreciate what an epic failure of leadership this is when even Core's strongest supporters are saying essentially that it's 2MB or you're out of a job. 

This last $50 pump was led by the Chinese who seem to think Core has no choice but to cave and they are right. Regardless of how good they are at coding or even if they are right about the problems with scaling, Core is absolutely terrible at maintaining consensus. 

It's Core's job to maintain consensus, but they are the only group preventing it. When the very people who you are supposed to lead are giving you ultimatums, you have failed at leadership.  Yet even now I don't think they understand how badly they have fucked up. They may not even think they have fucked up at all.  These guys may be the best code developers in the world. I don't know. What I do know is they are the worst leaders I have ever seen. 

Steve Jobs was a brilliant designer, but a bad leader and it cost him his job. He learned from the experience though and fought his way back and became an excellent leader. Both he and Apple were better for it. When I look at Vladimir, Maxwell, Adam Back etc, i do not see a Steve Jobs among them. I hope I am wrong.

Bad analogy.

Bitcoin is not a company.... It is called an open source project that is peer to peer, and so the weight of power and influence that individuals have over the whole process is much more transient and diffused.. and that is how it should be.. it is both a downside and an upside, so long as you basically understand the difference.

[JayJuanGee]

fork off already.

This is a good example of what I am talking about. This is something a consensus builder would not say.

BJA:   I hope that you are not suggesting that deep down inside that you possibly could be a consensus builder.

 

[billyjoeallen]

Which one of the Core Devs do you think will be the first to crack under the pressure? 2 of 5 with commit access are already bigblockers. Who's going to be the swing vote?  Who's going to ragequit?

They successfully fought off XT so maybe they still think they can win, but if they come back with a date for a HF farther out than 18 months, the markets going to take a big steaming dump on their heads. If they don't respond at all by the deadline, it's a big dump. If they say 1MB4EVA, big dump. If they say blah de blah, it's impossible to set a date because reasons...Big dump.

If they say "oh, alright. All that stuff we said we couldn't do? We'll do it", Fucking. Moon.

Politically, It will be Jeff Garzik's win and he becomes Satoshi's successor.
Blockstream will have to explain to the VCs why they just destroyed their own business plan. That would be an interesting conversation to hear.

We will all be sipping margaritas by the pool celebrating my short blowing up while scantily clad Polynesian girls fan us with palm fronds. Odes will be written about Garzik the Great Consensus Builder. Earnest young men will valet park our Lamborghinis.  Empires will crumble.  Maidens will weep with joy and then...

Oh yeah, we still have that concentrated mining problem. Fuck.

[billyjoeallen]

fork off already.

This is a good example of what I am talking about. This is something a consensus builder would not say.

BJA:   I hope that you are not suggesting that deep down inside that you possibly could be a consensus builder.

 

There is no "I" in "consensus", but there is an "us".

[Fatman3001]

fork off already.

This is a good example of what I am talking about. This is something a consensus builder would not say.

BJA:   I hope that you are not suggesting that deep down inside that you possibly could be a consensus builder.

 

There is no "I" in "consensus", but there is an "us".

OF FUCKING A!!!!

Ok, I'm new to this. Who do we invade?

[ChartBuddy]

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Explanation

[JayJuanGee]

fork off already.

This is a good example of what I am talking about. This is something a consensus builder would not say.

BJA:   I hope that you are not suggesting that deep down inside that you possibly could be a consensus builder.

 

There is no "I" in "consensus", but there is an "us".

Oh my  GGGG!!!!!!!!



You know actions speak louder than words, and I was kind of inclined to believe that you did not really value consensus unless you were getting your way... which is also frequently difficult to pin down.

Accordingly,  I usually was getting the sense that you are engaged in such combative stances on various bitcoin issues because you were attempting to push an agenda.. .and sure that could be a way to obtain consensus if people agree, but it frequently seems to end up alienating and taking away from "consensus building." 

And, isn't there a saying that "a leopard doesn't change its spots?"  Your apparent strong pushes for various agendas seem to be the exact opposite of consensus building or even acceptance of consensus coming from the people... also libertarians can frequently be like that too (focusing on self in such a way that does not seem to value consensus or the positions of others  - except some kind of difficult to imagine free market conception that consensus is going to be reached when we all act separately), and you seem to suggest that your libertarianism is compatible with some kind of consensus building definition?

But, o.k., whatever, I will take you at your word, for now, that you have some kind of inclination towards and valuing of "consensus building," whatever that means to you.