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

[gentlemand]

Chinese coins, the type you can't withdraw from the exchange, are now more expensive than liberated ones. That's an odd little metric of something.

Not to mention btc-e being 20 bucks more too.

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[Ted E. Bare]

Stamp and Finex are extremely oversold indeed. It has to bounce back big, it just has to. No fucking way is this the normal price.

[notme]

Fine, I'll just broadcast all those 0 fee transactions first. I wasn't thinking when I suggested keeping them to myself. They are 0 fee, I have nothing to lose!

And remember, I'm here to get paid block rewards to attack the chain. Even if I lose out on some close blocks, so what?

Miners are free to prioritize however they'd like.  I can't imagine you'd get more than a couple blocks accepted before they implemented countermeasures.

Nodes are also free do decide what to forward.  Unless your 0 fee transactions have sizeable outputs, they would already be dropped by today's network.  How many btc are you willing to devote to this pointless attack?

[notme]

In the hopes we can start an actual dialog and quit throwing insults at each other:

BU does not want a contentious fork.  It is just a tool to allow larger blocks without requiring the blessing of self-appointed bitcoin priests.  Miners will only utilize the tool when the market is ready to have larger blocks.  They are not dumb enough to shoot themselves in the foot.  There is no magic threshold that will trigger a hard fork.

If you actually want to understand BU and not just parrot the unfounded attacks on it, check out the BU subfourm on the forum where the idea was hatched back in 2015: https://bitco.in/forum/forums/bitcoin-unlimited.15/

Start threads, ask questions, find out what BU actually is.  If you are right that is is bad, you'll be able to attack it much better once you understand it.

[spiderbrain]

In the hopes we can start an actual dialog and quit throwing insults at each other:

BU does not want a contentious fork.  It is just a tool to allow larger blocks without requiring the blessing of self-appointed bitcoin priests.  Miners will only utilize the tool when the market is ready to have larger blocks.  They are not dumb enough to shoot themselves in the foot.  There is no magic threshold that will trigger a hard fork.

If you actually want to understand BU and not just parrot the unfounded attacks on it, check out the BU subfourm on the forum where the idea was hatched back in 2015: https://bitco.in/forum/forums/bitcoin-unlimited.15/

Start threads, ask questions, find out what BU actually is.  If you are right that is is bad, you'll be able to attack it much better once you understand it.

Yay rational debate!

[Holliday]

Fine, I'll just broadcast all those 0 fee transactions first. I wasn't thinking when I suggested keeping them to myself. They are 0 fee, I have nothing to lose!

And remember, I'm here to get paid block rewards to attack the chain. Even if I lose out on some close blocks, so what?

Miners are free to prioritize however they'd like.  I can't imagine you'd get more than a couple blocks accepted before they implemented countermeasures.

Nodes are also free do decide what to forward.  Unless your 0 fee transactions have sizeable outputs, they would already be dropped by today's network.  How many btc are you willing to devote to this pointless attack?

I'm not sure how broadcasting 0 fee transactions that send bitcoins to myself costs me anything. As I said, I would be paid block rewards. I don't know that the attack is considered pointless if I'm adding bloat to the chain without contributing anything.

The "implemented countermeasures" is what I'm interested in. I mean, how does one tell my transactions from a regular user? Or my blocks, for that matter? As I said, I fully expect BU to eat itself in short time and be more restrictive than a simple you-get-what-you-pay-for fee market.

[Mervyn_Pumpkinhead]

www.youtube.com/watch?v=yURRmWtbTbo

[notme]

Fine, I'll just broadcast all those 0 fee transactions first. I wasn't thinking when I suggested keeping them to myself. They are 0 fee, I have nothing to lose!

And remember, I'm here to get paid block rewards to attack the chain. Even if I lose out on some close blocks, so what?

Miners are free to prioritize however they'd like.  I can't imagine you'd get more than a couple blocks accepted before they implemented countermeasures.

Nodes are also free do decide what to forward.  Unless your 0 fee transactions have sizeable outputs, they would already be dropped by today's network.  How many btc are you willing to devote to this pointless attack?

I'm not sure how broadcasting 0 fee transactions that send bitcoins to myself costs me anything. As I said, I would be paid block rewards. I don't know that the attack is considered pointless if I'm adding bloat to the chain without contributing anything.

The "implemented countermeasures" is what I'm interested in. I mean, how does one tell my transactions from a regular user? Or my blocks, for that matter? As I said, I fully expect BU to eat itself in short time and be more restrictive than a simple you-get-what-you-pay-for fee market.

If they reject blocks that are more than 5% free transactions, you would lose your block rewards or have to limit your bloat to 5% of the block.  They could alternatively do it using some measure such as (delta utxo)/(tx fees) >= some minimum.  If you aren't bloating the UTXO, you're actually helping since miners can easily prune transactions with no unspent outputs.

[becoin]

In the hopes we can start an actual dialog and quit throwing insults at each other:

C'mon! Stop talking BS and fork it!
If you don't, just STFU!

[Killerpotleaf]

In the hopes we can start an actual dialog and quit throwing insults at each other:

C'mon! Stop talking BS and fork it!

you first

[Meuh6879]

Already a green candle ?!?

[becoin]

In the hopes we can start an actual dialog and quit throwing insults at each other:

C'mon! Stop talking BS and fork it!

you first

I don't need a fork! I don't need unlimited spam on the blockchain!

[york780]

Not yet ---> https://www.tradingview.com/chart/BTCUSD/ST356mvt-03062334-BITCOIN-BE-PREPARED/


Dont let them trap you !

York saves you again

[Torque]

In the hopes we can start an actual dialog and quit throwing insults at each other:

BU does not want a contentious fork.  It is just a tool to allow larger blocks without requiring the blessing of self-appointed bitcoin priests.  Miners will only utilize the tool when the market is ready to have larger blocks.  They are not dumb enough to shoot themselves in the foot.  There is no magic threshold that will trigger a hard fork.

If you actually want to understand BU and not just parrot the unfounded attacks on it, check out the BU subfourm on the forum where the idea was hatched back in 2015: https://bitco.in/forum/forums/bitcoin-unlimited.15/

Start threads, ask questions, find out what BU actually is.  If you are right that is is bad, you'll be able to attack it much better once you understand it.

I like how people that have no control over a hard fork like to challenge other folks that don't have any control over a hard fork to endless debate.  Makes total sense, right?

[MinermanNC]

This is hilarious, BU etc. all I know is what ever Bitcoin is taking away Alt coins are giving back  hasn't been this good since early last year 

[Holliday]

I like how people that have no control over a hard fork like to challenge other folks that don't have any control over a hard fork to endless debate.  Makes total sense, right?

Endless debate passes the time when the exchange rate is dropping hard and fast!

Also, any of us could be mining pool operators, couldn't we?

[notme]

In the hopes we can start an actual dialog and quit throwing insults at each other:

C'mon! Stop talking BS and fork it!
If you don't, just STFU!

I guess you missed the part about BU doesn't want a contentious fork.  I would be very happy if we could all STFU about BU, but people keep saying that BU wants to fork without consensus, which is an utter lie.

[Killerpotleaf]

price is dropping?

better login and debate this
 once and for all

[Killerpotleaf]

will it drop again, or should i just go all in now?

[Ted E. Bare]

BU does not want a contentious fork.  It is just a tool to allow larger blocks without requiring the blessing of self-appointed bitcoin priests.  Miners will only utilize the tool when the market is ready to have larger blocks.  They are not dumb enough to shoot themselves in the foot.  There is no magic threshold that will trigger a hard fork.

If you actually want to understand BU and not just parrot the unfounded attacks on it, check out the BU subfourm on the forum where the idea was hatched back in 2015: https://bitco.in/forum/forums/bitcoin-unlimited.15/

Start threads, ask questions, find out what BU actually is.  If you are right that is is bad, you'll be able to attack it much better once you understand it.

Finally a realistic reply concerning the scaling debate. Thank you!

I also have been saying there is no fork planned. FUD and misunderstandings have contributed to this excessive dump.
Well, hooray for cheap coins I guess...

Adam congratulations for buying at the bottom.