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

[adamstgBit]

If there is strong community support, the hard-fork activation will likely happen around July 2017.

~not tonight dear...

 

Blockstream is never to be underestimated. They literally didn't move an inch and everyone is circle jerking "the great compromise"... incredible.

This is the company that tried to patent Hot Wallet for heaven's sake!

No, wait. Wrong company. My mistake.

he's been interviewed this guy...
he said that he doesn't necessarily "believe in bitcoin", he just saw poeple making shit tons of money and wanted a part of it.

All men are equal down at the Cross.

expect our lord and saviour jesus christ

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[marcus_of_augustus]

We've been getting full blocks all day.  Armstrong may be right that a HF in 2017 is too little too late.

wheres brg444 when you need him

full blocks != end of the world

I agree, but it could = the end of this rally. Or every rally from here on out.

so long as the full blocks are temporary so is this effect
and speculation that it's only temporary should further reduce this effect.

the blocks are full, full of crap ... or else fees would be rising, crap doesn't crap for fees.

blocksize will go up when the technology allows for it.

[blunderer]

this thing is really gonna fly.

this is gentlemen!

[Cconvert2G36]

If there is strong community support, the hard-fork activation will likely happen around July 2017.

~not tonight dear...

 

Blockstream is never to be underestimated. They literally didn't move an inch and everyone is circle jerking "the great compromise"... incredible. What a wet noodle the miners turned out to be... so much for that childish delusion I used to hold.

Watching fatty lose his principles for a $20 $19 $15 relief rally was the hardest part.  

GG guys... GG

This is the company that tried to patent Hot Wallet for heaven's sake!

No, wait. Wrong company. My mistake.

You misunderstand me. I could give a shit less what Brian Armstrong and Coinbase do. They have a $10,000 "Balance limit" on their exchange... seriously??

Thankfully they haven't captured Bitcoin, and aren't dictating its roadmap. Rest assured I would concern troll them just as vigorously if they did.

[BlindMayorBitcorn]

If there is strong community support, the hard-fork activation will likely happen around July 2017.

~not tonight dear...

 

Blockstream is never to be underestimated. They literally didn't move an inch and everyone is circle jerking "the great compromise"... incredible.

This is the company that tried to patent Hot Wallet for heaven's sake!

No, wait. Wrong company. My mistake.

he's been interviewed this guy...
he said that he doesn't necessarily "believe in bitcoin", he just saw poeple making shit tons of money and wanted a part of it.

All men are equal down at the Cross.

expect our lord and saviour jesus christ

[ChartBuddy]

Coin



Explanation

[BlindMayorBitcorn]

If there is strong community support, the hard-fork activation will likely happen around July 2017.

~not tonight dear...

 

Blockstream is never to be underestimated. They literally didn't move an inch and everyone is circle jerking "the great compromise"... incredible. What a wet noodle the miners turned out to be... so much for that childish delusion I used to hold.

This is the company that tried to patent Hot Wallet for heaven's sake!

No, wait. Wrong company. My mistake.

You misunderstand me. I could give a shit less what Brian Armstrong and Coinbase do. They have a $10,000 "Balance limit" on their exchange... seriously??

Thankfully they haven't captured Bitcoin, and aren't dictating its roadmap. Rest assured I would concern troll them just as vigorously if they did.

Church, homie!

[Cconvert2G36]

We've been getting full blocks all day.  Armstrong may be right that a HF in 2017 is too little too late.

wheres brg444 when you need him

full blocks != end of the world

I agree, but it could = the end of this rally. Or every rally from here on out.

so long as the full blocks are temporary so is this effect
and speculation that it's only temporary should further reduce this effect.

the blocks are full, full of crap ... or else fees would be rising, crap doesn't crap for fees.

blocksize will go up when the technology allows for it.

Reader, open this site:
https://tradeblock.com/bitcoin/

Watch the Latest Transactions for while...:
Come back and tell me those are crap. Also, tell me we have no competition in this arena.

The technology allows for it today.

(If you're me: Gently weep at the difference in post quality from the Marcus of yesteryear.)

[adamstgBit]

We've been getting full blocks all day.  Armstrong may be right that a HF in 2017 is too little too late.

wheres brg444 when you need him

full blocks != end of the world

I agree, but it could = the end of this rally. Or every rally from here on out.

so long as the full blocks are temporary so is this effect
and speculation that it's only temporary should further reduce this effect.

the blocks are full, full of crap ... or else fees would be rising, crap doesn't crap for fees.

blocksize will go up when the technology allows for it.

Reader, open this site:
https://tradeblock.com/bitcoin/

Watch the Latest Transactions for while...:
Come back and tell me those are crap. Also, tell me we have no competition in this arena.

The technology allows for it today.

(If you're me: Gently weep at the difference in post quality from the Marcus of yesteryear.)

look here https://tradeblock.com/bitcoin/tx/1955f713c09279da01e71c169d9888d8d03aaf4814a4324acbb515b5e8a33f0c

this one like most, has 2 outputs

when you send 0.1BTC from a 10BTC address, the 1 TX generally goes like: send 0.1BTC out, and 9.9BTC back to an address i own, and that shows up as a TX totaling  10BTC.

its mostly "spam" aka poeple gambling on dice games and such.

@marcus_of_augustus, saying that these TX do "crap" for fees doesn't sound right seeing how they account for ~90% of the total fees miners collect on each block.

[billyjoeallen]

We've been getting full blocks all day.  Armstrong may be right that a HF in 2017 is too little too late.

wheres brg444 when you need him

full blocks != end of the world

I agree, but it could = the end of this rally. Or every rally from here on out.

so long as the full blocks are temporary so is this effect
and speculation that it's only temporary should further reduce this effect.

the blocks are full, full of crap ... or else fees would be rising, crap doesn't crap for fees.

blocksize will go up when the technology allows for it.

Decreased bock-writing utility is supposed to make the price go up? How does that work?

[blunderer]

...
its mostly "spam" aka poeple gambling on dice games and such.

Or tipping camwhores on exotika.tv

[adamstgBit]

...
its mostly "spam" aka poeple gambling on dice games and such.

Or tipping camwhores on exotika.tv

that sounds exciting i should try that.

[blunderer]

...
Decreased bock-writing utility is supposed to make the price go up? How does that work?

Don't you know that value is directly proportional to price, which, in turn, is directly proportional to scarcity? You want the price to go up? Add scarcity.

[Cconvert2G36]

look here https://tradeblock.com/bitcoin/tx/1955f713c09279da01e71c169d9888d8d03aaf4814a4324acbb515b5e8a33f0c

this one like most, has 2 outputs

when you send 0.1BTC from a 10BTC address, the 1 TX generally goes like: send 0.1BTC out, and 9.9BTC back to an address i own, and that shows up as a TX totaling  10BTC.

its mostly "spam" aka poeple gambling on dice games and such.

They paid 44 sats/byte. Better than most.

Fees are paid on size, not value.

The adoption that was supposed to be subsidized by the block reward is being squeezed to our competitors. You may be willing to bet the farm on (currently not here) second layer solutions fixing everything... I'm less confident about that.

[adamstgBit]

look here https://tradeblock.com/bitcoin/tx/1955f713c09279da01e71c169d9888d8d03aaf4814a4324acbb515b5e8a33f0c

this one like most, has 2 outputs

when you send 0.1BTC from a 10BTC address, the 1 TX generally goes like: send 0.1BTC out, and 9.9BTC back to an address i own, and that shows up as a TX totaling  10BTC.

its mostly "spam" aka poeple gambling on dice games and such.

They paid 44 sats/byte. Better than most.

Fees are paid on size, not value.

The adoption that was supposed to be subsidized by the block reward is being squeezed to our competitors. You may be willing to bet the farm on (currently not here) second layer solutions fixing everything... I'm less confident about that.

i believe the "spam" is just fine.  @ 44 sats/byte feel free to spam me all day.
i would not like to see these fees flow out of the miners hands just yet.
i am very confident that second layer solutions will not be ready or necessary for at least a few years
once 8MB blocks are completely full, then Maybe a second layer relieving some pressure  will be preferable.
for now the focus should be to grow the fee's each block contains in what ever way we can.

trying to increase fees by making users pay more by limiting the number of TX / block
is EXACTLY like
trying to sell  pizzas for 1000$ each by limiting the amount of pizzas you produce per day.

[BlindMayorBitcorn]

My donut came through ok. Just sayin'.

[adamstgBit]

ONE more time for good luck

[ChartBuddy]

Coin



Explanation

[Cconvert2G36]

ONE more time for good luck

Sounds great until the whole July 2017 (maybe, pinky promise) just in time for one year later than the halving, part.

[ChartBuddy]

Coin



Explanation