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

[JayJuanGee]

Your post pretty much proved my point that you are engaged in ongoing vague pussified indirect innuendos, which in essence is a whole hellava lot easier to pick apart various contributions of other posters in these here threads rather than to provide some kind of closely approximating meaningful content of your own.

 

At least your selfie is humorous.   

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[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[valta4065]

Whaou? Three chart buddy posts consecutive without any comment while a down trend is on the move?

Where are the tears of the longers? 

[BitUsher]

Appears that the evidence supported our suspicions . This was indeed a spam/ddos attack upon bitcoin and the perpetrators ran out of cash. The unconfirmed backlog is clearing up

https://blockchain.info/unconfirmed-transactions

Bitcoin is certainly resilient.

[ChartBuddy]

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Explanation

[mainpmf]

Appears that the evidence supported our suspicions . This was indeed a spam/ddos attack upon bitcoin and the perpetrators ran out of cash. The unconfirmed backlog is clearing up

https://blockchain.info/unconfirmed-transactions

Bitcoin is certainly resilient.

hmm... They attempted an attack with 4500 transactions?

Isn't it like really low amount for an attack?

[BitUsher]

Appears that the evidence supported our suspicions . This was indeed a spam/ddos attack upon bitcoin and the perpetrators ran out of cash. The unconfirmed backlog is clearing up

https://blockchain.info/unconfirmed-transactions

Bitcoin is certainly resilient.

hmm... They attempted an attack with 4500 transactions?

Isn't it like really low amount for an attack?

Yes, the link reflects the live unconfirmed tx amount reflecting that the attack is over (at least temporarily ) and why you are starting to see unfilled blocks-

https://blockchain.info/blocks

Regardless of the evidence we had beforehand there is always some amount of doubt that it could have just been a natural growth of the network creating a transaction fee event. The fact that this ddos has ended supports the previous evidence that this was indeed an attack that was curiously timed to coincide with several "predictions"

If this was due to natural growth than it wouldn't be likely to have such a sharp uptick and immediate drop off after a few days.

[mainpmf]

Appears that the evidence supported our suspicions . This was indeed a spam/ddos attack upon bitcoin and the perpetrators ran out of cash. The unconfirmed backlog is clearing up

https://blockchain.info/unconfirmed-transactions

Bitcoin is certainly resilient.

hmm... They attempted an attack with 4500 transactions?

Isn't it like really low amount for an attack?

Yes, the link reflects the live unconfirmed tx amount reflecting that the attack is over (at least temporarily ) and why you are starting to see unfilled blocks-

https://blockchain.info/blocks

Regardless of the evidence we had beforehand there is always some amount of doubt that it could have just been a natural growth of the network creating a transaction fee event. The fact that this ddos has ended supports the previous evidence that this was indeed an attack that was curiously timed to coincide with several "predictions"

Well if the attacks stopped it's a good news for sure.

But it won't resolve the scaling issue 

[ahpku]

So now its finally safe to decrease block size & increase racial diversity desegregation decentralization?
>creating a transaction fee event
In crypto space?

[stoat]

Polite suggestion to diversify into ...

[ChartBuddy]

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Explanation

[Fatman3001]

@Bitusher I'm glad you enjoyed your little experiment. Can we up the block size limit now and keep this kind of crap on the testnet from now on?

[BitUsher]

Well if the attacks stopped it's a good news for sure.

But it won't resolve the scaling issue  

These are anti-fragility "tests" that are going to make bitcoin stronger. Many suggest the Core developers are being stubborn, but their insistence on sticking to the technical facts instead of be swayed by politics or motivated out of fear by attacks like these is something to be respected.

What have we learned from these attacks?

1) Some wallets need to optimize their dynamic tx fee estimates or include it as a feature . Core seemed to handle it the best but was a tad aggressive from my tests

2) We have a serious problem with old nodes relaying low fee tx's past 72 hours. Solution- More nodes need to upgrade to Core 0.12 or a classic equivalent(some fork of 0.12 testing) that purges tx's after 72 hours, has mempool limiting / upload limiting and other benefits to be more resilient in attacks like these .

3) We do need a dynamic tx fee market because that is exactly what allowed people like me to still tx normally for a few pennies more. By simply increasing capacity and keeping fees set at 2-3 pennies on average it would allow for attacks to occur with flat costs that could drown out legitimate tx's . It is a small price to pay a few pennies more for 3 days in order to insure that an attacker cannot permanently burden our network at will.

[stoat]

Polite suggestion to diversify into ...

The currency that cannot be named

[Fatman3001]

Polite suggestion to diversify into ...

The currency that cannot be named

Don't bother. They're all out trading eth.

All that is left here are the core fanboys who don't understand they've just poisoned the well.

[Elwar]

Polite suggestion to diversify into ...

The currency that cannot be named

I thought the DOGE fad was over.

Or are we on to another alt fad?

[BitconAssociation]

@Bitusher I'm glad you enjoyed your little experiment. Can we up the block size limit now and keep this kind of crap on the testnet from now on?

'Ts morning, busy time for Bitusher. Plenty of chores to be done on teh solar farm -- milk the solarsolos; water the micro-hydros; patch up the solarsilo that's been leaking photons right into the hydro-creek; stick it to The Man.
Like Granny, another avid cryptoanarchist, always says: "Mine while the sun shines!"

[BitUsher]

Polite suggestion to diversify into ...

The currency that cannot be named

I thought the DOGE fad was over.

Or are we on to another alt fad?

Always another pump with these altcoiners ... its crashing today, I suggest people collect any profit while they can with Eth, as those prices are unsustainable. Gravity is pulling it down to reality. Those that have been around know a bubble when they see one especially when it coincides with massive spam from many directions pumping it.