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

[bargainbin]

Hey! What happened to chartbuddy? He disappeared somewhere?

got banned..

Wtf? But why? It was really cool!

It was waaayyy off topic.

This thread is for discussing block size.

haha well now the kaporal forkers have flocked away (or got banned), i think it's safe to say we can now get back on discussing bitcoin walls and the moon.

CCMF!

Hurrah! We won! Victory!

[JimboToronto]

Hey! What happened to chartbuddy? He disappeared somewhere?

got banned..

Wtf? But why? It was really cool!

Not banned. Check out hdbuck's smiley. He left to protest the banning of this thread's OP. You'll find him over at the other forum, in the Wall Observer thread.

BTW, good morning Bitcoinland. Still going sideways. Ho hum. Wake me when we pass $420 again.

[hdbuck]

Hey! What happened to chartbuddy? He disappeared somewhere?

got banned..

Wtf? But why? It was really cool!

It was waaayyy off topic.

This thread is for discussing block size.

haha well now the kaporal forkers have flocked away (or got banned), i think it's safe to say we can now get back on discussing bitcoin walls and the moon.

CCMF!

Hurrah! We won! Victory!

how predictable from our govy troll to heroically step in and reward us with some more hitler references.

is that all you can do? goodwin your loosing?

[blunderer]

Hey! What happened to chartbuddy? He disappeared somewhere?

got banned..

Wtf? But why? It was really cool!

It was waaayyy off topic.

This thread is for discussing block size.

haha well now the kaporal forkers have flocked away (or got banned), i think it's safe to say we can now get back on discussing bitcoin walls and the moon.

CCMF!

Hurrah! We won! Victory!

how predictable from our govy troll to heroically step in and reward us with some more hitler references.

is that all you can do? goodwin your loosing?

*Godwin, my illiterate friend.
Lol no, everything's going just glowingly

[hdbuck]

Hey! What happened to chartbuddy? He disappeared somewhere?

got banned..

Wtf? But why? It was really cool!

It was waaayyy off topic.

This thread is for discussing block size.

haha well now the kaporal forkers have flocked away (or got banned), i think it's safe to say we can now get back on discussing bitcoin walls and the moon.

CCMF!

Hurrah! We won! Victory!

how predictable from our govy troll to heroically step in and reward us with some more hitler references.

is that all you can do? goodwin your loosing?

Lol no, everything's going just glowingly

[blunderer]

^^Your broken website is lying to you

[Mrpumperitis]

guys wtf is this, am i missing something or is btc fkd...
this isnt gd news ...is it?
https://www.cryptocoinsnews.com/first-micropayments-marketplace-arrived/
To be sure, this website has published one writer’s doubts about the future of 21’s micropayments. In September, the company unveiled its Bitcoin Computer. The computer functions on Linux and works as a bitcoin miner, allowing customers to buy, sell and rent products in exchange for Bitcoin. The computer initially cost $400 and came equipped with a WiFi adapter, a 128 GB SD card and a factory-installed copy of the Bitcoin blockchain. 21 also had its own Bitcoin-oriented OS.
“With this pocket-sized device,( so u cant use your mob?) if you are an entrepreneur or developer, you can now instantly buy or sell digital goods and services at the command line using Bitcoin,” contends Balaji Srinivasan, CEO of 21 in a Medium post at the time of the computer’s release. “We want to use the success of the 21 Bitcoin Computer to help make Bitcoin the next fundamental system resource, available by default on every new computer.”




merchants have had a hard enough time tryin to add btc as a payment option for free,lol  most gave up  , now this is a hard sell to anyone imo.
BTC looks fkd to me, it may get its hard sell halvin pump but i dont think i wana stay around anymore, to risky to gain only x2 or max x3 on current price.
seems like the only place it belongs is where it started, on darkweb, using mixers and trading around $50  

Bitcoin is doing fine. The price has been stable despite around $1.5 million per day in inflation paid to the miners.

That means there is a daily influx of $1.5 million. That's some decent demand.

didnt know that m8, but now when i think about it, doesnt that mean $1.5mill is spent a day just so btc can operate?   $62500 per hour, $1041 per min, $17.1 per sec for 6txps? not very cost effective after halving will it only get worse?.

[becoin]

yeah the blocks being full was starting to become obvious and a problem.. they are full 24/7 now .

Obviously adoption is accelerating. How can this be a problem?

[billyjoeallen]

yeah the blocks being full was starting to become obvious and a problem.. they are full 24/7 now .

Obviously adoption is accelerating. How can this be a problem?

Is it easier to disrupt the road system at 3 a.m. or during rush hour? When we are running so close to capacity, we become more vulnerable to intentional and unintentional service disruptions.

[tommorisonwebdesign]

To topic, there is always fluctuation with the price of Bitcoin. What usually happen is the price will go up, people sell their Bitcoin, the price goes down temporarily, then it goes back up to at least the same price. Looking long term, Bitcoin is going to make us all rich

[ahpku]

yeah the blocks being full was starting to become obvious and a problem.. they are full 24/7 now .

Obviously adoption is accelerating. How can this be a problem?

Is it easier to disrupt the road system at 3 a.m. or during rush hour? When we are running so close to capacity, we become more vulnerable to intentional and unintentional service disruptions.

No worries. Core and Classic will work things out in the best Libertarian way possible

[AlexGR]

yeah the blocks being full was starting to become obvious and a problem.. they are full 24/7 now .

Obviously adoption is accelerating. How can this be a problem?

Is it easier to disrupt the road system at 3 a.m. or during rush hour? When we are running so close to capacity, we become more vulnerable to intentional and unintentional service disruptions.

In bitcoin, there are as many roads, as are people willing to pay different fees. This makes the system impossible to disrupt, unlike a single-road system.

1st road is for those paying 0 satoshi per byte
2nd road is for those paying 1 satoshi per byte
...
31st road is for those paying 50 satoshi per byte
...
51st road is for those paying 50 satoshi per byte
...
101th road is for those paying 100 satoshi per byte


Some roads (like 1st, second etc) can be congested because, well... free-riders

If you are in a hurry though, you are not forced to use any of the free-rider congested roads. You just use the 20th, 30th, 40th, 50th, 60th road, and go to your destination much faster.

So... where do you want to go, and how fast do you want to go there?

Tolls are practically zero to near-zero cost anyway, even for the higher count roads like the 40th or 50th (~0.04 - 0.05$).

[explorer]

I haven't made a bitcoin transaction in a while.  Just did one, expecting delays, with all the hype going on.  7 confirmations in 28 minutes.  Surprised? Ah, yep.

[JayJuanGee]

yeah the blocks being full was starting to become obvious and a problem.. they are full 24/7 now .

Obviously adoption is accelerating. How can this be a problem?

Is it easier to disrupt the road system at 3 a.m. or during rush hour? When we are running so close to capacity, we become more vulnerable to intentional and unintentional service disruptions.

Yeah..... the problem is really overstated and exaggerated... because currently, there is no real problem... you can zoom in and out, and see a few peaks in recent weeks..

These are the 180 day zooms.



Median confirmation time:    - largely between 6 minutes and 13 minutes with a mode that is around 8.5 minutes

https://blockchain.info/charts/median-confirmation-time?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=




Fullness of blocks:   - largely between 40% and 90% with a mode that is around 70%

https://blockchain.info/charts/avg-block-size?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

[ahpku]

yeah the blocks being full was starting to become obvious and a problem.. they are full 24/7 now .

Obviously adoption is accelerating. How can this be a problem?

Is it easier to disrupt the road system at 3 a.m. or during rush hour? When we are running so close to capacity, we become more vulnerable to intentional and unintentional service disruptions.

In bitcoin, there are as many roads, as are people willing to pay different fees. This makes the system impossible to disrupt, unlike a single-road system.
...

In my Father's house are many mansions: if it were not so, I would have told you.

Alex, please understand that rational people, given a choice between money that costs money to use & money that doesn't, will chose the latter.
So no more new users; all the crazies are *already* bitcoining their way to vast riches.

[JayJuanGee]

I haven't made a bitcoin transaction in a while.  Just did one, expecting delays, with all the hype going on.  7 confirmations in 28 minutes.  Surprised? Ah, yep.

Yep... there is a lot of unsubstantiated talk going on regarding clogged blocks.  In the past couple of months, I have made more than 30 transactions, and most were completely confirmed (useable with at least 3 confirmations) in less than an hour... I tried a few transactions with low to no fees (near freebies), just to see for myself, and those freebies took longer but were all confirmed and useable in less than 10 hours.

[aztecminer]

yeah the blocks being full was starting to become obvious and a problem.. they are full 24/7 now .

Obviously adoption is accelerating. How can this be a problem?

i'm not the one hiding the block capacity .. if every time u about to post u see chartbuddy at 100% full blocks might be confusing for some people... and.. i might not be convinced it is all adoption.

[billyjoeallen]

yeah the blocks being full was starting to become obvious and a problem.. they are full 24/7 now .

Obviously adoption is accelerating. How can this be a problem?

Is it easier to disrupt the road system at 3 a.m. or during rush hour? When we are running so close to capacity, we become more vulnerable to intentional and unintentional service disruptions.

In bitcoin, there are as many roads, as are people willing to pay different fees. This makes the system impossible to disrupt, unlike a single-road system.

1st road is for those paying 0 satoshi per byte
2nd road is for those paying 1 satoshi per byte
...
31st road is for those paying 50 satoshi per byte
...
51st road is for those paying 50 satoshi per byte
...
101th road is for those paying 100 satoshi per byte


Some roads (like 1st, second etc) can be congested because, well... free-riders

If you are in a hurry though, you are not forced to use any of the free-rider congested roads. You just use the 20th, 30th, 40th, 50th, 60th road, and go to your destination much faster.

So... where do you want to go, and how fast do you want to go there?

Tolls are practically zero to near-zero cost anyway, even for the higher count roads like the 40th or 50th (~0.04 - 0.05$).

We have a capacity of around half a million transactions per day no matter how high the fees get.  We are closer to that limit than we were before blocks filled up.  Fees do not add capacity and only mitigate the problem without solving it.  With less room to grow, we will grow less. How is that even controversial?


If bitcoin is less useful for marginal use cases, it is less valuable, and it is reasonable to see that reflected in the price. This seems so obvious to me, I don't understand why I even have to say it.

[aztecminer]

I haven't made a bitcoin transaction in a while.  Just did one, expecting delays, with all the hype going on.  7 confirmations in 28 minutes.  Surprised? Ah, yep.

Yep... there is a lot of unsubstantiated talk going on regarding clogged blocks.  In the past couple of months, I have made more than 30 transactions, and most were completely confirmed (useable with at least 3 confirmations) in less than an hour... I tried a few transactions with low to no fees (near freebies), just to see for myself, and those freebies took longer but were all confirmed and useable in less than 10 hours.

10 hours later he finally gets his happy meal .

[Sitarow]

I haven't made a bitcoin transaction in a while.  Just did one, expecting delays, with all the hype going on.  7 confirmations in 28 minutes.  Surprised? Ah, yep.

Yep... there is a lot of unsubstantiated talk going on regarding clogged blocks.  In the past couple of months, I have made more than 30 transactions, and most were completely confirmed (useable with at least 3 confirmations) in less than an hour... I tried a few transactions with low to no fees (near freebies), just to see for myself, and those freebies took longer but were all confirmed and useable in less than 10 hours.

10 hours later he finally gets his happy meal .

Or 10 hours later he transferred the equivalent wealth of a small nation with little to no fee's