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

[jackiedragon]

holy shit wtf is going on?

We're downsizing.

Downsizing the price so it will fit in 1 MB blocks.

Best explaination yet 

[1714837511]

1714837511

[Fatman3001]

[ahpku]

I think what will bite multiple asses is that the folks at the tiller really seem to have a giant blind spot regarding the fact there are hundreds of thousands of other humans involved.

Said other humans are greedy, fearful, sometimes easily led and not all that rational.

They're like a herd of slightly dim cud chewers prone to fright then flight.
...

Bulls that exist reasonably well together in winter become competitive when there are cows to breed. Len McIrvin, who runs horned Herefords near the Canadian border at Laurier, Wash., raises some purebred bulls for his operation and turns out 130 bulls on range. He says he sees a few broken legs. Most of the injuries, however, are stifled bulls and bulls with broken penises.

"We try to use younger, lighter bulls on heifers," McIrvin says. "This reduces the risk of broken penises. You get more injuries with bigger, heavier bulls trying to breed heifers."

--Cattle Today Online
"And I said to myself
Holy fuck that's gotta hurt!"--Killdozer

[Tzupy]

Thank you for this. Looks like newcomers trying to displace first (or second, or third) movers.

[Fatman3001]

Thank you for this. Looks like newcomers trying to displace first (or second, or third) movers.

Bitcoin isn't really giving it much of a fight.

[Torque]

In the early days of Unix, there was a several spinoff flavors being maintained by groups of Elitist Developers, each with their own core kernels, and each flavor's camp continued with their mantra that they were maintaining their source code base aligned strictly to the needs of the masses, not catering/bowing down to business needs/ further centralization, that their kernel was "purest form of Open Source", yadda yadda yadda.

So guess which implementation/flavor eventually won the long term battle? Yep, RedHat Linux.  ONE IMPLEMENTATION. ORIENTED TO BUSINESS NEEDS, NOT STRICTLY AVERAGE JOE ELITISM.

Why? Because Business Needs > Average Joe needs. (Sad but true, but we need both to work together)
(Wasn't the whole point of Bitcoin to spend it on Merchant (ie., BUSINESS) goods and services? Without Merchant adoption of a fast, scale-able monetary solution with no middleman needed, Bitcoin loses its main core appeal )

And where are many of those original elitist Unix/Linux implementations now? Relegated to the dustbin of History.

Moral of the story:
The Bitcoin core developers better wake the fk up, grow the fk up, and start working with those in touch with global business needs.  Or they will eventually (and very quickly) find themselves in the dustbin of Bitcoin History.

[BlindMayorBitcorn]

[ChartBuddy]

Coin



Explanation

[smracer]

And I'm freeeeeeeee......free falling.

[shmadz]

Almost looks like bitcoin is about to lose it's first-mover advantage pretty soon

Often second-movers are able to overwhelm first-movers by taking the first-mover's product from a niche consumer market to a mass market. While firms may enjoy a first-mover advantage if they jump out to an early lead and hold onto it, the notion that winners are always the first to enter the market is a misconception.

Chinese specialize in second mover advantage btw. Let the first mover make do all the R&D, make all the early mistakes, then just copy it and make it cheaper and better.

Not sure if cheaper really fits here, and ETH and MAID bring innovation beyond just copying... But when you look at Monero, they have had the second mover advantage of seeing all the mistakes and potential pitfalls and have designed accordingly (fungibility, flexible block size, tail emission, forced hard fork scheduling, etc...)

[QuestionAuthority]

                       Bitcoin

[hdbuck]

In the early days of Unix, there was a several spinoff flavors being maintained by groups of Elitist Developers, each with their own core kernels, and each flavor's camp continued with their mantra that they were maintaining their source code base aligned strictly to the needs of the masses, not catering/bowing down to business needs/ further centralization, that their kernel was "purest form of Open Source", yadda yadda yadda.

So guess which implementation/flavor eventually won the long term battle? Yep, RedHat Linux.  ONE IMPLEMENTATION. ORIENTED TO BUSINESS NEEDS, NOT STRICTLY AVERAGE JOE ELITISM.

Why? Because Business Needs > Average Joe needs. (Sad but true, but we need both to work together)
(Wasn't the whole point of Bitcoin to spend it on Merchant (ie., BUSINESS) goods and services? Without Merchant adoption of a fast, scale-able monetary solution with no middleman needed, Bitcoin loses its main core appeal )

And where are many of those original elitist Unix/Linux implementations now? Relegated to the dustbin of History.

Moral of the story:
The Bitcoin core developers better wake the fk up, grow the fk up, and start working with those in touch with global business needs.  Or they will eventually (and very quickly) find themselves in the dustbin of Bitcoin History.

so you want a bitcoin microsoft and facebook corporation like to take over bitcoin?

sry not happening.

but you can always fork off and play with eth dapps derps.

[ZyclonRacerX]

but you can always fork off and play with eth dapps derps.

ETH: Price > 10x in 2 months
BTC: Keeps tanking, predictably

Man, you must feel AWFUL

[Sourgummies]

but you can always fork off and play with eth dapps derps.

ETH: Price > 10x in 2 months
BTC: Keeps tanking, predictably

Man, you must feel AWFUL

And if you even decided to invest in Ethereum, you can hope to see tears once the whales start dumping their coins and dropping the price back down to where it's supposed to be, and feeling bad about not sticking with bitcoin.

[hdbuck]

but you can always fork off and play with eth dapps derps.

ETH: Price > 10x in 2 months
BTC: Keeps tanking, predictably

Man, you must feel AWFUL

And if you even decided to invest in Ethereum, you can hope to see tears once the whales start dumping their coins and dropping the price back down to where it's supposed to be, and feeling bad about not sticking with bitcoin.

oh no plz go away, buy all the shitcoins you want, fork off and never come back.

[ZyclonRacerX]

but you can always fork off and play with eth dapps derps.

ETH: Price > 10x in 2 months
BTC: Keeps tanking, predictably

Man, you must feel AWFUL

And if you even decided to invest in Ethereum, you can hope to see tears once the whales start dumping their coins and dropping the price back down to where it's supposed to be, and feeling bad about not sticking with bitcoin.

Bad as the tears around here, when BTC started tanking at $1,200?
Man, would'a cried my eyes out, myself, because such not P&D

[AlexGR]

In the early days of Unix, there was a several spinoff flavors being maintained by groups of Elitist Developers, each with their own core kernels, and each flavor's camp continued with their mantra that they were maintaining their source code base aligned strictly to the needs of the masses, not catering/bowing down to business needs/ further centralization, that their kernel was "purest form of Open Source", yadda yadda yadda.

Actually unix was proprietary software (for decades) and linus torvalds showed up and made linux as the open source alternative. In the linux camp initially there was no "battle". Sure you had redhat, debian, slackware etc but they weren't competing on "whose kernel was more open source". Actually what I remember is that I liked the slackware color scheme for the console, especially the bright blue ones. It was like using a bbs from terminal 

[abercrombie]

BTC drumptruck is about to bust a u turn??   

[Torque]

In the early days of Unix, there was a several spinoff flavors being maintained by groups of Elitist Developers, each with their own core kernels, and each flavor's camp continued with their mantra that they were maintaining their source code base aligned strictly to the needs of the masses, not catering/bowing down to business needs/ further centralization, that their kernel was "purest form of Open Source", yadda yadda yadda.

So guess which implementation/flavor eventually won the long term battle? Yep, RedHat Linux.  ONE IMPLEMENTATION. ORIENTED TO BUSINESS NEEDS, NOT STRICTLY AVERAGE JOE ELITISM.

Why? Because Business Needs > Average Joe needs. (Sad but true, but we need both to work together)
(Wasn't the whole point of Bitcoin to spend it on Merchant (ie., BUSINESS) goods and services? Without Merchant adoption of a fast, scale-able monetary solution with no middleman needed, Bitcoin loses its main core appeal )

And where are many of those original elitist Unix/Linux implementations now? Relegated to the dustbin of History.

Moral of the story:
The Bitcoin core developers better wake the fk up, grow the fk up, and start working with those in touch with global business needs.  Or they will eventually (and very quickly) find themselves in the dustbin of Bitcoin History.

so you want a bitcoin microsoft and facebook corporation like to take over bitcoin?

sry not happening.

but you can always fork off and play with eth dapps derps.

Stupid response is stupid. Of course I want Microsoft and Facebook to EMBRACE, PROMOTE, and USE an open implementation of Bitcoin. Just like I want all the other global merchant/commercial/service industries to do the same. That *was* the original long term vision/goal.

And you don't?  I guess you'd prefer just a few centralized Chinese miners, Blockstream, and a few elitist derpy neck-bearded Average Joes to pass a few btc back and forth for drugs and gambling purposes.  And that's it.  

[UnDerDoG81]

Actually I remember now why I stopped daytrading. Just did 3 trades (sell/buy/sell) and paid $30 fees what makes 0$ win/loss lol. And so much stress for nothing... Is there any better trading platform than Bitstamp?