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Question: How long until 70K (credit: Heslo)
1 week - 20 (19.4%)
1 month - 64 (62.1%)
1 year - 2 (1.9%)
the top is in - math and science confirms it - 17 (16.5%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25264925 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. (157 posts by 13 users deleted.)
sirazimuth
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July 23, 2017, 03:06:04 PM

Can someone explain me what is happening right now...? I am
Confused  Huh Huh


I see poeple are saying that bip141 is not good for btc And even bip91 is locked in..

There is still a big big chance of splitting btc on 2 coins..

Thanks for your explination

A chain split is inevitable at this point. (Correct me if I'm wrong.) You don't have to do anything except pray.

https://www.youtube.com/watch?v=3gzDmVwI2JY
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Last of the V8s
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July 23, 2017, 03:07:22 PM

https://www.btcforkmonitor.info/ useful
All quiet on the western front.
TrumpD
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July 23, 2017, 03:09:07 PM

Can someone explain me what is happening right now...? I am
Confused  Huh Huh


I see poeple are saying that bip141 is not good for btc And even bip91 is locked in..

There is still a big big chance of splitting btc on 2 coins..

Thanks for your explination

A chain split is inevitable at this point. (Correct me if I'm wrong.) You don't have to do anything except pray.

Where are you getting this from? Why are you absolutely sure there will be a chain split? Or are you just fudding?
bitserve
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July 23, 2017, 03:11:05 PM

2247 Unconfirmed Transactions <- Is that a record low in quite some time?

Have anyone checked the balances of the well known exchange wallets to get an idea of what percentage of coins have been withdrawn? I don't think it is a huge percentage, just a feeling....

P.S.: Wow 939 Unconfirmed Transactions .... Basically we are up to date...

yes and I noticed blocks are no longer full for quite some time now.

I wonder if all those 'spam' transactions that were being used to jam up the network but got dumped when the mempool was overflowing are recorded on some device somewhere waiting to get periodically rebroadcast and can now be mined for fees?

That's an interesting idea. Besides having those tx's recorded somwhere, they should have to check before if the inputs have already been spent, or the transaction was already passed into blockchain or risk the entire block being rejected (a $35.000 mistake) but.... seems plausible.

I wonder if the fact that all miners have been rebooting their nodes almost all at once (to do the necessary upgrades) have had some effect on clearing the mempool. I do supposse the mempool may have some replicating capacity (I really donno) but maybe it have had an impact?
BlindMayorBitcorn
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July 23, 2017, 03:12:45 PM

Can someone explain me what is happening right now...? I am
Confused  Huh Huh


I see poeple are saying that bip141 is not good for btc And even bip91 is locked in..

There is still a big big chance of splitting btc on 2 coins..

Thanks for your explination

A chain split is inevitable at this point. (Correct me if I'm wrong.) You don't have to do anything except pray.

Where are you getting this from? Why are you absolutely sure there will be a chain split? Or are you just fudding?

I don't need a weatherman to know which way the wind blows.

Feel free to correct me if I'm wrong.
bitserve
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July 23, 2017, 03:14:34 PM

ViaBTC wanting to fork off an altcoin at the worst possible moment does NOT imply a chain split.

It's just another altcoin. Nothing to see here.

They decided to fork on a freeze of the Bitcoin blockchain? Cool, thanks for that, I will use those BCC wisely.
BlindMayorBitcorn
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July 23, 2017, 03:16:49 PM

ViaBTC wanting to fork off an altcoin at the worst possible moment does NOT imply a chain split.

It's just another altcoin. Nothing to see here.

Horse hockey!
European Central Bank
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July 23, 2017, 03:17:58 PM

A chain split is inevitable at this point. (Correct me if I'm wrong.) You don't have to do anything except pray.

wrong. a chain split has been averted. an alt is being created.
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July 23, 2017, 03:23:17 PM

No im not fudding, i read someone off the topics about that bip141 is bad for the btc
So i am confused  Shocked
BlindMayorBitcorn
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July 23, 2017, 03:26:58 PM

A chain split is inevitable at this point. (Correct me if I'm wrong.) You don't have to do anything except pray.

wrong. a chain split has been averted. an alt is being created.

That sounds like a religious distinction. I'm not sure I see it.


DRINK PAINT RUN RUN
bitserve
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July 23, 2017, 03:27:11 PM

No im not fudding, i read someone off the topics about that bip141 is bad for the btc
So i am confused  Shocked

BIP141 (SEGWIT) bad for BTC?

Ok, I'll repeat once more time... The scaling process is going perfectly smooth, much better than many people expected. Thus the rise. It is not all over, but everything is going smoothly atm and the projection is good.
bones261
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July 23, 2017, 03:27:23 PM

I'm not sure why changing the POW algo to an Asic resistant GPU friendly algo would really stop a centralization trend. GPUs use electricity, correct? Part of the problem with the "Chinese mining cartel" is that they can get cheaper electricity. Correct? What's to prevent them from just establishing huge GPU mining farms and shutting out the little guys again? Not to mention that the bigger guys will be able to get a deal on the GPUS since they would be able to buy in huge bulk.
yonton
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July 23, 2017, 03:29:33 PM

There is no chainsplit relax
bitserve
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July 23, 2017, 03:36:51 PM

I'm not sure why changing the POW algo to an Asic resistant GPU friendly algo would really stop a centralization trend. GPUs use electricity, correct? Part of the problem with the "Chinese mining cartel" is that they can get cheaper electricity. Correct? What's to prevent them from just establishing huge GPU mining farms and shutting out the little guys again?

Fully agree. PLus they already have huge GPU farms that currently are mining other coins but could switch to BTC in no time.

It would be useful as a punish to some evil ASIC manufacturers and mining pools though.
oblox
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July 23, 2017, 04:23:31 PM

Antpool is now signaling SW...
bones261
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July 23, 2017, 04:37:05 PM

Antpool is now signaling SW...

They all are due to BIP91. If they don't, they risk getting their solved blocks orphaned.
yonton
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July 23, 2017, 04:41:12 PM

If 20000002 is segwit  and bip91 20000012 is segwit does it matter which one miners signal for?
FractalUniverse
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July 23, 2017, 04:45:24 PM

spread some more good quality FUD, i need cheep coins to buy Smiley
bitserve
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July 23, 2017, 04:47:23 PM

spread some more good quality FUD, i need cheep coins to buy Smiley

We are all going to die... sometime.
Spaceman_Spiff
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July 23, 2017, 05:02:07 PM

spread some more good quality FUD, i need cheep coins to buy Smiley

We are all going to die... sometime.
Not necessarily... http://www.sens.org/research/introduction-to-sens-research
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