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

[becoin]

Triple digits reached 

If you have sold out your bitcoins at the bottom, I feel sorry for you!

[1714559000]

1714559000

[1714559000]

1714559000

[1714559000]

1714559000

[Holliday]

Guys. If a hard fork was inminent would you hodl?

Hell yes! I've been waiting for ages for someone to fork Bitcoin so I can sell my newly minted fork coins!

https://bitcointalk.org/index.php?topic=1076412.0

Those Classic and XT people did disappoint.

Same thing is going to happen here. If you don't have the economic majority's support, you won't fork, you just whine a lot and very loudly.

[york780]

Which bottom ? You mean 900 EUR?

[Stevenirving]

Just got off a very long plane ride. What is happening!

Fuck Bitcoin. Tell us about your wonderful trip instead.

You are my new favorite poster

[andyatcrux]

Triple digits reached 

Where are you looking!?

His bumhole. He needs to try for that fourth digit.

[becoin]

Which bottom ? You mean 900 EUR?

How about the 5 cat bounce law? Isn't it better than the 3 cat bounce law?

[york780]

5 cat bounces , dearly noted. 9 cat bounces means crypto is doomed. 5 is fine by me, indicator that looks like 900 EUR. I can smell it

[alexeft]

7) Even if in that scenario it seems that BU would be at an advange with its increased TPS over BTC, that will lead to more BUcoins arriving at the exchanges and being dumped by BTC supporters. The price of BUcoin will be much lower than BTC, at least for some time (days, weeks, months, maybe forever).

There is already several 10s of thousands transactions waiting for confirmation at most times. As you said, the chaos of a contentious hard fork would possibly increase transaction rates for a time (there will definitely be a lot of people disassociating their bitcoins coins from BUtcoins, which requires transactions). Also, there is the potential for additional spam attacks on both chains. I expect that should BU fork, they will go with the default size of 16 MB at first, just because who changes default settings? I fully expect those BU blocks to be full for a long time (they may even increase soon because of that, I mean, that is their MO). That means, in 60 days the BU chain will have doubled the size of the existing 8 year old chain, plus some.

Just something to ponder.

default setting for BU is 1MB

My mistake, I was remembering this post from PeterR.

I'm signalling to miners that I'm ready for bigger blocks by running a node which permits up to 16 MB today.

...and I somehow was under the impression that was default.

Still, BU will increase the size, because there will be a back log of transactions (one already exists in most cases), and blocks will be slower than normal because the hash rate will be divided (further increasing the back log). I mean, that's the goal of BU, isn't it? Scale on chain to get rid of this back log and reduce fees for coffer drinkers?

nodes default at 16MB
miners default at 1MB EB and generation size.

what the individual members of BU want is only a small influence that will guide BU miners to set a good EB
its not like miners will simply forgot about all the reasons to keep blocks small.

Miners will include everything that contains a transaction fee, even one satoshi. Why? Because even one satoshi is one satoshi. And then came spam...................

One could add 100GB to the BU blockchain, just by spending 1 BU coin.

[Torque]

5 cat bounces , dearly noted. 9 cat bounces means crypto is doomed. 5 is fine by me, indicator that looks like 900 EUR. I can smell it

Yer like the weakest troll I've seen man.

Go to troll school, learn to troll harder.

[york780]

Dont be so butthurt because you lose money because of HODLing. Sometimes you need to let go and trade mate.

[r0ach]

Sometimes you need to let go and trade mate.

What about shorting the US debt?

If you ever thought the debt would not be defaulted on or alternatively devalued by hyperinflation, this mike maloney chart tells you all you need to know about that: 

https://www.youtube.com/watch?v=x7q-73dpBKo

Alternatively, they can do something like revalue gold at $20,000-$50,000 an ounce, but those are basically the only 3 options.  Places like china + india + russia now own such large amounts of gold they have no incentive to force a gold only standard on people because it would make india too powerful, so they don't really have any reason to try and stop silver from rising too.  The profits are almost mindblowingly unbelievable, but I think you will eventually see something like gold $20,000 silver $600.

[spiderbrain]

man 900 EUR is confirmed by sauces. Look at the link that i have posted! Its confirmed.

mmm, tasty.

[alexeft]

7) Even if in that scenario it seems that BU would be at an advange with its increased TPS over BTC, that will lead to more BUcoins arriving at the exchanges and being dumped by BTC supporters. The price of BUcoin will be much lower than BTC, at least for some time (days, weeks, months, maybe forever).

There is already several 10s of thousands transactions waiting for confirmation at most times. As you said, the chaos of a contentious hard fork would possibly increase transaction rates for a time (there will definitely be a lot of people disassociating their bitcoins coins from BUtcoins, which requires transactions). Also, there is the potential for additional spam attacks on both chains. I expect that should BU fork, they will go with the default size of 16 MB at first, just because who changes default settings? I fully expect those BU blocks to be full for a long time (they may even increase soon because of that, I mean, that is their MO). That means, in 60 days the BU chain will have doubled the size of the existing 8 year old chain, plus some.

Just something to ponder.

default setting for BU is 1MB

My mistake, I was remembering this post from PeterR.

I'm signalling to miners that I'm ready for bigger blocks by running a node which permits up to 16 MB today.

...and I somehow was under the impression that was default.

Still, BU will increase the size, because there will be a back log of transactions (one already exists in most cases), and blocks will be slower than normal because the hash rate will be divided (further increasing the back log). I mean, that's the goal of BU, isn't it? Scale on chain to get rid of this back log and reduce fees for coffer drinkers?

nodes default at 16MB
miners default at 1MB EB and generation size.

what the individual members of BU want is only a small influence that will guide BU miners to set a good EB
its not like miners will simply forgot about all the reasons to keep blocks small.

Miners will include everything that contains a transaction fee, even one satoshi. Why? Because even one satoshi is one satoshi. And then came spam...................

what if i could prove to the miner that including 1GB worth of TX gives him a 99.99999999999999% chance of getting orphaned

oh wait,

i dont have to, he will figure it out himself.

He will not be able to include a 1GB block since the limit is 16MB. I did not say that. I am saying that at least one will go 16MB and then all hell breaks loose.

[alexeft]

What about shorting the US debt?

No that's some belief in a government and the banking system.

[Killerpotleaf]

7) Even if in that scenario it seems that BU would be at an advange with its increased TPS over BTC, that will lead to more BUcoins arriving at the exchanges and being dumped by BTC supporters. The price of BUcoin will be much lower than BTC, at least for some time (days, weeks, months, maybe forever).

There is already several 10s of thousands transactions waiting for confirmation at most times. As you said, the chaos of a contentious hard fork would possibly increase transaction rates for a time (there will definitely be a lot of people disassociating their bitcoins coins from BUtcoins, which requires transactions). Also, there is the potential for additional spam attacks on both chains. I expect that should BU fork, they will go with the default size of 16 MB at first, just because who changes default settings? I fully expect those BU blocks to be full for a long time (they may even increase soon because of that, I mean, that is their MO). That means, in 60 days the BU chain will have doubled the size of the existing 8 year old chain, plus some.

Just something to ponder.

default setting for BU is 1MB

My mistake, I was remembering this post from PeterR.

I'm signalling to miners that I'm ready for bigger blocks by running a node which permits up to 16 MB today.

...and I somehow was under the impression that was default.

Still, BU will increase the size, because there will be a back log of transactions (one already exists in most cases), and blocks will be slower than normal because the hash rate will be divided (further increasing the back log). I mean, that's the goal of BU, isn't it? Scale on chain to get rid of this back log and reduce fees for coffer drinkers?

nodes default at 16MB
miners default at 1MB EB and generation size.

what the individual members of BU want is only a small influence that will guide BU miners to set a good EB
its not like miners will simply forgot about all the reasons to keep blocks small.

Miners will include everything that contains a transaction fee, even one satoshi. Why? Because even one satoshi is one satoshi. And then came spam...................

what if i could prove to the miner that including 1GB worth of TX gives him a 99.99999999999999% chance of getting orphaned

oh wait,

i dont have to, he will figure it out himself.

He will not be able to include a 1GB block since the limit is 16MB. I did not say that. I am saying that at least one will go 16MB and then all hell breaks loose.

my node will reject his block.

do you honestly think miners will create blocks that bump off significance %'s of nodes and hashing power willy nilly?

[Ted E. Bare]

Okay york is definitely a troll. Look at his posting history.
Now I'm even more confident that holding is the right thing to do.

This will retrace. You may quote me for future reference.

[becoin]

Dont be so butthurt because you lose money because of HODLing. Sometimes you need to let go and trade mate.

Yeah, I can smell that you "let it go". Don't be so butthurt and dream for 900 eur because you can't trade now!

[york780]

Oh hmm lets look at your posting history : who sold at the bottom , is crypto done? You say this everyday. So please dont call others trolls when you are.

[alexeft]

my node will reject his block.

You will have your own version of the blockchain then? Ok, wish you luck.

do you honestly think miners will create blocks that bump off significance %'s of nodes and hashing power willy nilly?

I believe that most miners will be sane. BUT bitcoin is trustless and all of a sudden one has to have trust that all miners are sane.

[spiderbrain]

Miners will include everything that contains a transaction fee, even one satoshi. Why? Because even one satoshi is one satoshi. And then came spam...................

One could add 100GB to the BU blockchain, just by spending 1 BU coin.

This is not a reasonable game theory interpretation of what will happen. They will set the block size to yield the highest total fees, which would require the exclusion of very low fee transactions.