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Question: Next Bubble Top (resulting in a new ATH):
Will never reach a new ATH - 7 (7.7%)
$20,000-$49,999 - 18 (19.8%)
$50,000-$99,999 - 23 (25.3%)
$100,000-$149,999 - 19 (20.9%)
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$300,000-$350,000 - 1 (1.1%)
>$350,000 - 10 (11%)
Total Voters: 91

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21501316 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (138 posts by 32 users deleted.)
gentlemand
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June 19, 2017, 08:17:54 PM
Last edit: June 19, 2017, 08:28:00 PM by gentlemand

LOL

I am perfectly aware of his obsesion with PM's, but maybe this time he has a point about the scaling issue.

I don't see it, but if I am "totally wrong" I would be interested in knowing how I am misreading current situation.

Until then, I am totally bullish medium/long term on this.

Well, I'm fairly stumped as it's so hard to get straightforward information from anyone. You've got your big block crew, your Core crew, the UASF kamikazes, the secretive NY crew. They're all tainted with their own viewpoint somehow.

I don't think it's as clear cut as Segwit arriving as originally intended by Core. There's still other crap out on the horizon.

I'll sit back and the let the numbers do the talking. I don't see anyone from any faction actively choosing a chain split if it can possibly be avoided.
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June 19, 2017, 09:21:26 PM

LOL

I am perfectly aware of his obsesion with PM's, but maybe this time he has a point about the scaling issue.

I don't see it, but if I am "totally wrong" I would be interested in knowing how I am misreading current situation.

Until then, I am totally bullish medium/long term on this.

Well, I'm fairly stumped as it's so hard to get straightforward information from anyone. You've got your big block crew, your Core crew, the UASF kamikazes, the secretive NY crew. They're all tainted with their own viewpoint somehow.

I don't think it's as clear cut as Segwit arriving as originally intended by Core. There's still other crap out on the horizon.

I'll sit back and the let the numbers do the talking. I don't see anyone from any faction actively choosing a chain split if it can possibly be avoided.

The only people that would desire a chain split are the ones that are not really long on BTC. What people doesn't realise is that if Bitcoin fails as a store of value (and a big chain split could do it) all other cryptocurrencies do. It's basically the same as if some day gold could be artificially produced for a much lower cost... what would you think would happen to silver and all the rest? (assuming they were "vulnerable" to the same or even other techniques soon to be discovered).

I am always trying to take the pulse of fundamentals of Bitcoin for the long term, and I am not seeing as much resistance for this Segwit2x agreement. It is all about perception, and it if is perceived as a good thing, it will.

As I said, I am as happy today as I can be thinking about Bitcoin/cryptocurrencies future.

In next 24/48 hours we will probably see enough signaling for Segwit2x to pass (80%) and if all goes well it will be near 100% before activating day.
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June 19, 2017, 09:35:26 PM


In next 24/48 hours we will probably see enough signaling for Segwit2x to pass (80%) and if all goes well it will be near 100% before activating day.

And then?  Grin

[fill in meme of choice...]
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June 19, 2017, 09:45:30 PM

Today is a happy day. We are finally very close to a non-contentious solution for the scaling drama of this past years.

Totally wrong.  Nothing has changed at all and it's still the same old parties having the same old positions.  A contentious Chinese/Jihan Wu fork (only with Barry Silbert added to the mix) vs the other Bitcoin core people:

https://pbs.twimg.com/media/DCTgqEBXYAQBgNI.jpg:large

If you're trying to trade this, it's leaning far more towards a fork disaster than non-contentious fork.

Why keep on posting 5 days old tweet? and snapshots like it was posted  just now

Are you saying bitmain will fool us by signaling and then move into own little fork chain?

As i write this there is:
80% segwit2x support for last 40 blocks!

47.2% for 144 blocks

Bitmain will make no difference atall, they too small to make it anymore.
75% for last 80 blocks
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June 19, 2017, 09:47:32 PM

Do I need an argument? The guy has no credibility.

Yes, you need an argument. Regardless of your opinion on CSW, his points stand on their own.

... blah blah blah ...

So CSW aside, how come nobody wants to talk about this aspect of SegWit?

1. I don't need a point.
2. I don't need an argument.
3. Others have already commented on it.
4. Feel free to talk more about CSW and whatever he says, waste of time if you ask me. He cried wolf too many times already.
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How much alt coin diversification is needed? 0%?


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June 19, 2017, 09:57:39 PM

Do I need an argument? The guy has no credibility.

Yes, you need an argument. Regardless of your opinion on CSW, his points stand on their own.

... blah blah blah ...

So CSW aside, how come nobody wants to talk about this aspect of SegWit?

1. I don't need a point.
2. I don't need an argument.
3. Others have already commented on it.
4. Feel free to talk more about CSW and whatever he says, waste of time if you ask me. He cried wolf too many times already.


Exactamente!!!! 

Not only did Craig Wright (aka Satoshi imitator) fail to deliver on his various talking points, and contradict himself in a large number of ways, he comes off as a lacking in modesty, self-indulged status driven slimy salesman, who received way more attention for his incredible assertions than he deserved.

So it is funny that anyone gives him the time of day, unless they are either not aware or purposefully involved in misleading endeavors to spread his bullshit, merely because CSW says what they wish were true and to spread bitcoin FUD.
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June 19, 2017, 10:23:52 PM

So is the SegWit2x codebase something that the core devs either are involved in or would support?

That's really the issue for me. If SegWit2x passes but then the entire core dev team walks over compromised principles, then it's no better than having the completely incompetent BU devs take over. If the core dev team walks for good, I'm walking away from Bitcoin at that point too. I'm sure many long term holders as well as Satoshi himself may dump at that point.

The fk if I'm going to stay involved in Bitcoin just to watch it eventually turn into another PayPal 2.0.
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June 19, 2017, 10:42:00 PM

Do I need an argument? The guy has no credibility.

Yes, you need an argument. <because> his points stand on their own.

... blah blah blah ...

So ..., how come nobody wants to talk about this aspect of SegWit?

1. I don't need a point.
2. I don't need an argument.
3. Others have already commented on it.
4. Feel free to talk more about CSW and whatever he says, waste of time if you ask me. He cried wolf too many times already.

It isn't about CSW. It's about an inherent weakness in SegWit.

"Great Minds Discuss Ideas; Average Minds Discuss Events; Small Minds Discuss People"
- E Roosevelt

And I didn't even let my low opinion of the Roosevelts impede me from recognizing the truth in her statement. See how that works? Your insistence in making an aspect of SegWit into something all about CSW belies an irrational character flaw.
gentlemand
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June 19, 2017, 10:52:43 PM

So is the SegWit2x codebase something that the core devs either are involved in or would support?

That's really the issue for me. If SegWit2x passes but then the entire core dev team walks over compromised principles, then it's no better than having the completely incompetent BU devs take over. If the core dev team walks for good, I'm walking away from Bitcoin at that point too. I'm sure many long term holders as well as Satoshi himself may dump at that point.

The fk if I'm going to stay involved in Bitcoin just to watch it eventually turn into another PayPal 2.0.

They don't support it or have involvement, but I think it's using all of their code, albeit with differing activation levels.

The question is what happens if it's implemented. Does the same group try to disregard Core's future work after their 'victory'?

The key phase will be between Segwit's activation and the possible 2mb fork. If they go full retard I'll be offski too but I think the UASF idea would become much stronger in that scenario.

No one apart from a modestly sized group feels like handing over everything to the same modestly sized group.
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June 19, 2017, 11:04:28 PM
Last edit: June 19, 2017, 11:22:59 PM by deepcolderwallet

Wanna know what's gonna happen?
This SegWit2x will be an epic fiasco.
Wu/Ver/Wright credibility will be buried for good.
Let's wait 'till July 31.

EDIT: Finally I have an avatar.
becoin
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June 19, 2017, 11:16:45 PM

Wu/Ver/Wright credibility will be buried for good.

Do they have any credibility?
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June 19, 2017, 11:17:22 PM

If the core dev team walks for good, I'm walking away from Bitcoin at that point too.

It would be incredible if that happened.

Decentralization is not only a feature of the protocol, but also of the entire ecosystem. Core represents a centralized point in our ecosystem, it dosent matter how many developers they have, since the ethics and philosophy behind them is that constitutes "Core".


gentlemand
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June 19, 2017, 11:20:52 PM

Decentralization is not only a feature of the protocol, but also of the entire ecosystem. Core represents a centralized point in our ecosystem, it dosent matter how many developers they have, since the ethics and philosophy behind them is that constitutes "Core".

If Core checks out, which isn't really possible as they're a fairly loosely allied bunch, then you'd probably be left with developers in the pockets of miners and economic players.

That smells rather more centralised to me.
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June 19, 2017, 11:27:36 PM

Wanna know what's gonna happen?
This SegWit2x will be an epic fiasco.
Wu/Ver/Wright credibility will be buried for good.
Let's wait 'till July 31.

EDIT: Finally I have an avatar.

Wright? What's his connection with SegWit2x?
becoin
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June 19, 2017, 11:27:59 PM

Core represents a centralized point in our ecosystem

Core team is the only real counterweight to centralization in ASIC production.
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June 19, 2017, 11:35:20 PM

Wanna know what's gonna happen?
This SegWit2x will be an epic fiasco.
Wu/Ver/Wright credibility will be buried for good.
Let's wait 'till July 31.

EDIT: Finally I have an avatar.

Wright? What's his connection with SegWit2x?

https://coingeek.com/risks-segregated-witness-opening-door-mining-cartels-undermine-bitcoin-network/

https://news.bitcoin.com/risks-segregated-witness-opening-door-mining-cartels-undermine-bitcoin-network/
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June 19, 2017, 11:35:35 PM

Core represents a centralized point in our ecosystem

Core team is the only real counterweight to centralization in ASIC production.


I do agree. But I don't see any reasonable technical or political reason for core to not be on board Segwit2x.

If it is only because of the blocksize increase that's nonsense, we will need that increase too even if Segwit will mean way better scaling.
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June 19, 2017, 11:35:56 PM

Decentralization is not only a feature of the protocol, but also of the entire ecosystem. Core represents a centralized point in our ecosystem, it dosent matter how many developers they have, since the ethics and philosophy behind them is that constitutes "Core".

If Core checks out, which isn't really possible as they're a fairly loosely allied bunch, then you'd probably be left with developers in the pockets of miners and economic players.

That smells rather more centralised to me.

That's right. But what makes you think that Core is no longer in the pockets of great economic players?
Thats my point. Different development groups are better than one.
deepcolderwallet
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June 19, 2017, 11:48:16 PM

Wanna know what's gonna happen?
This SegWit2x will be an epic fiasco.
Wu/Ver/Wright credibility will be buried for good.
Let's wait 'till July 31.

EDIT: Finally I have an avatar.

Wright? What's his connection with SegWit2x?

Where have you been in last 48 hours?
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June 19, 2017, 11:50:30 PM

That's right. But what makes you think that Core is no longer in the pockets of great economic players?
Thats my point. Different development groups are better than one.

Because Core is an extremely loose entity, unlike what would be put together by the New York group or Bitmain.

Sure, there's an inner circle and then there's everyone else, but it still gives far more room for dissent or alternative points of view.
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