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

[Andre#]

Quote from: satoshi on October 03, 2010, 09:07:28 PM
We can phase in a change later if we get closer to needing it.

IMO it's a marketing thing.  It's tough to get people to buy into a system, if the network is technically incapable of supporting high transaction rates.

https://bitcointalk.org/index.php?topic=1347.msg15145#msg15145

THIS

That thread still says it all. Some of my other favourite parts are

kiba:

If we upgrade now, we don't have to convince as much people later if the bitcoin economy continues to grow. 

https://bitcointalk.org/index.php?topic=1347.msg15590#msg15590

appamatto:

Since a block restriction would allow generators to charge higher transaction fees, they might "vote" against an increase in the max size in the future.

It seems unlikely to be a real problem though.

(How wrong appamatto turned out to be, as it IS a real problem)
https://bitcointalk.org/index.php?topic=1347.msg17804#msg17804

caveden:

I'm very uncomfortable with this block size limit rule. This is a "protocol-rule" (not a "client-rule"), what makes it almost impossible to change once you have enough different softwares running the protocol. Take SMTP as an example... it's unchangeable.

I think we should schedule a large increase in the block size limit right now while the protocol rules are easier to change.

Indeed, we should have.

[1715403310]

1715403310

[1715403310]

1715403310

[BitUsher]

Indeed, we should have.

And we are, Segwit has already been released , activation code soon with 0.13.1 , and than 1-3 months till 95% over 2016 blocks.  Done. Be happy.

[Meuh6879]

Bitcoin need more to move, my friend ...

[savetherainforest]

[Torque]

Here we go again?  Bullish?

http://www.zerohedge.com/news/2016-09-27/deutsche-bank-stock-crashes-near-single-digits-cds-spike-record-highs

[willope]

When you think downtrend finally ended. But then...

[AlexGR]

Diff seems to be increasing in quite big steps.



Difficulty History

Date   Difficulty   Change   Hash Rate
Sep 25 2016   241,227,200,230   6.82%   1,726,771,560 GH/s
Sep 12 2016   225,832,872,179   2.30%   1,616,574,667 GH/s
Aug 29 2016   220,755,908,330   1.56%   1,580,232,344 GH/s
Aug 15 2016   217,375,482,757   7.67%   1,556,034,316 GH/s
Aug 02 2016   201,893,210,853   -5.43%   1,445,207,896 GH/s
Jul 18 2016   213,492,501,108   0.04%   1,528,238,850 GH/s
Jul 04 2016   213,398,925,331   1.88%   1,527,569,009 GH/s
Jun 21 2016   209,453,158,595   6.83%   1,499,324,110 GH/s
Jun 08 2016   196,061,423,940   -1.63%   1,403,462,340 GH/s
May 24 2016   199,312,067,531   2.60%   1,426,731,353 GH/s
May 11 2016   194,254,820,283   8.73%   1,390,530,167 GH/s
Apr 28 2016   178,659,257,773   -0.01%   1,278,892,782 GH/s


Bitcoin Difficulty:   241,227,200,230
Estimated Next Difficulty:   259,869,959,857 (+7.73%)
Adjust time:   After 1599 Blocks, About 10.5 days
Hashrate(?):   1,985,788,007 GH/s

[JayJuanGee]

Bitcoin Core tweeted something about Segwit. The tweet had Europe's Final Coundown link. After couple of minutes the tweet was deleted.

 

https://bitcoincore.org/en/meetings/2016/09/22/

The core meeting notes from 9/22/16 (contained in the last link) show apparent progress, no?  

In essence, Seg wit is getting closer and closer to going live, and apparently version 0.13.0 went live on 8/23/16, and seg wit support is likely going to be contained within version 0.13.1

[JayJuanGee]

Quote from: satoshi on October 03, 2010, 09:07:28 PM
We can phase in a change later if we get closer to needing it.

IMO it's a marketing thing.  It's tough to get people to buy into a system, if the network is technically incapable of supporting high transaction rates.

https://bitcointalk.org/index.php?topic=1347.msg15145#msg15145

THIS

That thread still says it all. Some of my other favourite parts are

kiba:

If we upgrade now, we don't have to convince as much people later if the bitcoin economy continues to grow.  

https://bitcointalk.org/index.php?topic=1347.msg15590#msg15590

appamatto:

Since a block restriction would allow generators to charge higher transaction fees, they might "vote" against an increase in the max size in the future.

It seems unlikely to be a real problem though.

(How wrong appamatto turned out to be, as it IS a real problem)
https://bitcointalk.org/index.php?topic=1347.msg17804#msg17804

caveden:

I'm very uncomfortable with this block size limit rule. This is a "protocol-rule" (not a "client-rule"), what makes it almost impossible to change once you have enough different softwares running the protocol. Take SMTP as an example... it's unchangeable.

I think we should schedule a large increase in the block size limit right now while the protocol rules are easier to change.

Indeed, we should have.

You come up with interesting synopsis of what you deem to be relevant facts in order to support your weak ass conclusions suggesting that bitcoin is supposedly in some kind of an emergency and needs some kind of blocksize limit increase...   it would be funny if it were not so lame, misleading and erroneous.    

Indeed, we should have.

And we are, Segwit has already been released , activation code soon with 0.13.1 , and than 1-3 months till 95% over 2016 blocks.  Done. Be happy.

This poster who goes by the username "Andre#" will unlikely be happy no matter what happens... He appears to selectively chose facts and to complain about a problem that does not exist as if the problem actually did exist.

[yefi]

Going to lose some mountaineers on the arduous climb to 1000, but the sweeter the victory will be for those who persevere.

[Fatman3001]

The JJG character is a real tour de force for NLC/BMB.

The dedication is very impressive.

[silverfuture]

The JJG character is a real tour de force for NLC/BMB.

The dedication is very impressive.

I wasn't sure there for a while but he won my heart with steadfast determination and a ruthless penchant for mesmerising blocks of text.

[Altynbekova]

Hoping for the price to increase quick in oktober I think the prices will be going up by quite a lot looking at the past.
Staying around this grey area of 600 for a while now and no Idea where the next jump will be to.

[savetherainforest]

The JJG character is a real tour de force for NLC/BMB.

The dedication is very impressive.

I wasn't sure there for a while but he won my heart with steadfast determination and a ruthless penchant for mesmerising blocks of text.

I gave up long time ago with most of his "blocks of text." ... The guy is just insane, pure batsh!t crazy! ... I wish sometimes he had a bit of empathy to make his text more readable from the readers perspective. I can tell... because I write as a hobby and when reading other people's work... I tend to get inside their mind very quickly and that annoys me. And when it comes to JJG ... he writes most of his stuff from a self centered perspective. And that makes it hard to read... its like trying to listen to a song/track with/composed of blackboard/chalkboard screechings.

[Fatman3001]

The JJG character is a real tour de force for NLC/BMB.

The dedication is very impressive.

I wasn't sure there for a while but he won my heart with steadfast determination and a ruthless penchant for mesmerising blocks of text.

I gave up long time ago with most of his "blocks of text." ... The guy is just insane, pure batsh!t crazy! ... I wish sometimes he had a bit of empathy to make his text more readable from the readers perspective. I can tell... because I write as a hobby and when reading other people's work... I tend to get inside their mind very quickly and that annoys me. And when it comes to JJG ... he writes most of his stuff from a self centered perspective. And that makes it hard to read... its like trying to listen to a song/track with/composed of blackboard/chalkboard screechings.

...

that's really funny

kudos

is bathsaltwater the only "traditional" NLC account left in here?

[Torque]

The JJG character is a real tour de force for NLC/BMB.

The dedication is very impressive.

I wasn't sure there for a while but he won my heart with steadfast determination and a ruthless penchant for mesmerising blocks of text.

I gave up long time ago with most of his "blocks of text." ... The guy is just insane, pure batsh!t crazy! ... I wish sometimes he had a bit of empathy to make his text more readable from the readers perspective. I can tell... because I write as a hobby and when reading other people's work... I tend to get inside their mind very quickly and that annoys me. And when it comes to JJG ... he writes most of his stuff from a self centered perspective. And that makes it hard to read... its like trying to listen to a song/track with/composed of blackboard/chalkboard screechings.

You mean like Stolfi?  Maybe JJG and Stolfi are one and the same?  (JJG, if you are not Stolfi, then dude - just take a hint and get to the point faster, quit rambling, and drop the condescending attitude.   )

Speaking of which, where has ol' JorgyPorgy run off too?  I really miss his long-winded, diatribe-like, innane ramblings about how Bitcoin and all other cryptocurrencies are completely doomed to fail. /S Paid trolls are so much fun to spot, because they are so obvious.

[Elwar]

The JJG character is a real tour de force for NLC/BMB.

The dedication is very impressive.

I wasn't sure there for a while but he won my heart with steadfast determination and a ruthless penchant for mesmerising blocks of text.

I gave up long time ago with most of his "blocks of text." ... The guy is just insane, pure batsh!t crazy! ... I wish sometimes he had a bit of empathy to make his text more readable from the readers perspective. I can tell... because I write as a hobby and when reading other people's work... I tend to get inside their mind very quickly and that annoys me. And when it comes to JJG ... he writes most of his stuff from a self centered perspective. And that makes it hard to read... its like trying to listen to a song/track with/composed of blackboard/chalkboard screechings.

You mean like Stolfi?  Maybe JJG and Stolfi are one and the same?  (JJG, if you are not Stolfi, then dude - just take a hint and get to the point faster, quit rambling, and drop the condescending attitude.   )

Speaking of which, where has ol' JorgyPorgy run off too?  I really miss his long, diatribe-like, innane ramblings about how Bitcoin and all other cryptocurrencies are completely doomed to fail. /S Paid trolls are so much fun to spot, because they are so obvious.

Stolfi is living on r/Buttcoin now and has done an interview: https://soundcloud.com/bitcoinuncensored/buttcoin-vs-bitcoin-with-jorge-stolfi-of-rbuttcoin-king-of-the-butters

[Fatman3001]

Stolfi is a celeb now. He even has his own following, most of whom don't even know they're being trolled.

[Cassius]

Stolfi is a celeb now. He even has his own following, most of whom don't even know they're being trolled.

Ah, Stolfi. Thing about him was, he was totally sincere. Can't even remember what his arguments were really, but he really believed them.

[gentlemand]

I do wonder about these megatrolls. What an astonishing waste of life it is to write and agitate about something you hate. It's not going to change anything and you're throwing your precious life away while doing it.