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

[hv_]

we are going to have a second layer and we will allow bigger blocks.

stop worrying about irrelevant stats like node count, 10000 raspberry pies with poor connectivity isn't going to make your network more resilient than 1000 20K dollar machines.

bitcoin's security model is based on hash power. dont like that? make an Proof Of Nodes altcoin.

Bigger blocks on a second later will be pretty sweet.

Sweets are killing your life more than weapons these days...


Bigger blocks at first is the healthy medicine a Bitcoin maximalist needs most.

[El duderino_]

Bet CLOSED! Let the game begins...
Thank you all for supporting this game and I wish you all good luck. Let's make contact when ATH touched.
Final list:
20/07 Siggy 
21/07 Mr Frog
22/07 Protokol
23/07 Bitcoinaire
24/07 Lost_in_base
25/07 rjclarke2000
26/07 Globbo
27/07 Poolminor
28/07 TeeBone
29/07 Ted E. Bear
30/07 bathy
31/07 Infofront
01/08 Vin
02/08 Steelboy
03/08 D_eddie
04/08 Bitserve
05/08 Bikerleszno
06/08 Last of the v8s
07/08 Pajulapoiss
08/08 Imbatman
09/08 Mikenz
10/08 Machasm
11/08 Aesma
12/08 doc12
13/08 Fluidjax
14/08 ShroomsKit_Disgrace
15/08 Fragout
16/08 Orpington
17/08 sirazimuth
18/08 Ivomm
19/08 Elwar
20/08 Oblox
21/08 Haciendo
22/08 Boba
23/08 ErisDiscordia
24/08 Ludwig Von
25/08 Hazukison
26/08 SportbetMaster
27/08 Nanobtc
28/08 Vamos1
29/08 Paashaas
30/08 RayX12
31/08 BinaryReign
02/09 Patrisorvieto
05/09 Entons
06/09 Oinas
09/09 Edgar
11/09 Buwaytress
15/09 MinermanNC
17/09 Spaceman_spiff
21/09 undeadbitcoiner
01/10 K.Ehleyr
02/10 Petemoss2
04/10 Herman Hesse
13/10 Cryptoqueen
05/11 Chainsaw
21/11 Icygreen
12/12 Kurious
23/12 Fractaluniverse
14/01/2018 In the silence
05/02/2018 savetherainforest

[fluidjax]

if you cannot will not spend a little bit of money to help this network,  you have no business in its faith, so PISS OFF!

its not about distributing the blockchain to everyone.
its about allowing everyone to participate in it.

no offence intended, i worded that rather harshly :S

Craig Steven Wright is that you?
(edit: lol I now see JJG says the same)

I'm happy to spend money on my nodes, but it's about ensuring the network is de-centralised.  That is the only thing that truly distinguishes it from the corporate payment systems.
Mass participation, store of value... who cares about any of this if its not decentralised.

I will resist anything that erodes that.

[Slow death]

Price is going lower again
What happend?
Small dropp i know But just asking Why aint we going forward

As long as we do not pass on August 1 there will still be many uncertainties





Speaking on August 1, viabtc already removed its txaccelerator


https://www.viabtc.com/tools/txaccelerator/

[fluidjax]

Price is going lower again
What happend?
Small dropp i know But just asking Why aint we going forward

TA made the price drop, the pennant nearly closed without an real sign of rising, it's easy to dump first and then pick up your coins on the followers.

[petemoss2]

Speaking on August 1, viabtc already removed its txaccelerator


https://www.viabtc.com/tools/txaccelerator/

It's still there. You just need to click "txaccelerator" twice.

edit: the link above will bring you to a "404 error...." page. Click on the "accelerator" option.

[JayJuanGee]

Price is going lower again
What happend?
Small dropp i know But just asking Why aint we going forward

This is be called bitcoin.


Why you want to get excited by a little bit of price movement?

Generally, we are in striking distance of ATH and really within a kind of range of $2600 to $2950.... ...

Now, maybe it is starting appear that we are going to break down.. but at the moment, as I type, we are still in the range.. currently $2650...

If we break down below $2600 (or maybe $2550), then the next area of support would likely be in the $2200 to $2400 territory...

Anyhow, we are not there yet, and decent ongoing buying pressure seems to continue in bitcoinlandia..

[Mrpumperitis]

https://medium.com/@jimmysong/bitcoin-cash-what-you-need-to-know-c25df28995cf

[luckygenough56]

golman sachs advice :

Sell eth ---> sell bitcoin ---> fiat

[spiderbrain]

I legitimately get myself upset everytime i come here and debate this. its not healthy. i have to stay away....

Keep it up! I'm surprised anyone has the energy any more

[mymenace]

Huge, game changer


....' The “corporate capital of the world” has just made it legal for corporations to use blockchain technology for stock trading and record-keeping. At the same time, a digital currency trading platform has been authorized to provide clearing services.

The new blockchain rules will go into effect by August 1, 2017.

“LedgerX will be authorized to provide clearing services for fully-collateralized digital currency swaps,” the announcement said, adding that LedgerX “initially plans to clear bitcoin options.” '....


https://www.rt.com/usa/397397-blockchain-delaware-bill-passes/

[Slow death]

Speaking on August 1, viabtc already removed its txaccelerator


https://www.viabtc.com/tools/txaccelerator/

It's still there. You just need to click "txaccelerator" twice.

Oh yes, I saw it now

[mymenace]

Huge, game changer


....' The “corporate capital of the world” has just made it legal for corporations to use blockchain technology for stock trading and record-keeping. At the same time, a digital currency trading platform has been authorized to provide clearing services.

The new blockchain rules will go into effect by August 1, 2017.

“LedgerX will be authorized to provide clearing services for fully-collateralized digital currency swaps,” the announcement said, adding that LedgerX “initially plans to clear bitcoin options.” '....


https://www.rt.com/usa/397397-blockchain-delaware-bill-passes/

seems all the changes in the crypto industry are happening on or just before August 1st

[luckygenough56]

bitcoin cash is quite nice

segwit seems like a trojan horse to me and i don't like the idea of off-chain txs (lightning network)

[r0ach]

but it's about ensuring the network is de-centralised.  

I've seen all kinds of stupid explanations on these forums for what constitutes "decentralized".  The current bitcoin core explanation is basically "the ability to run a node".  Lol?  Then you got Adam and the 400 MB block gang who didn't even bother to come up with some type of poorly constructed defintion.  In reality, it's the ability for people to mine the coins directly which requires commodity off the shelf mining hardware - meaning the network is currently completely centralized.  Therefore, anyone who actually cares about decentralization would be campaigning for a PoW change to GPU, otherwise there's no reason for bitcoin to exist.

[Spaceman_Spiff]

bitcoin cash is quite nice

segwit seems like a trojan horse to me and i don't like the idea of off-chain txs (lightning network)

off-chain is a misnomer for LN

[ivomm]

Look at the requirements for 32M blocks, 400GB daily, 128Gb ram.
At 32M, this excludes 95% of the current bitcoin nodes creating almost total miner centralisation.

There's this new coin called physical silver bitchez that fixes horrific bitcoin centralization, blockchain bloat, and scaling.
....
Because the sheklers at Goldman Sachs told people to buy bitcoin with both hands, which means it's probably going to 12 cents

None of the above statements is sane. R0ach, we all know your story. You were really 'smart' to buy silver around 50$ instead of bitcoin which was 200-300$. Now the silver is 16$ and bitcoin is 3000$. Silver hardly ever will return to 50$, while bitcoin will continue to rise.  You can still cover your losses and buy bitcoins, if you are not broke of course  .

[marcus_of_augustus]

I legitimately get myself upset everytime i come here and debate this. its not healthy. i have to stay away....

Cognitive dissonance can do that to a guy when reality starts to poke it's ugly head through the fog of self-delusion.

You "hard-fork now" guys have dug such a deep hole for yourselves using lies and ego butt-hurt and then back-filled it with sloppy FUD, propaganda, bad ideas and worse programming. There's basically no coming back without major crow-eating humble pie and general all around ugliness.

No-one is against 'scaling' bitcoin. No-one is actually against a safe, timely hard-forking and very few are actually against bigger blocks. Your biggest problem really boils down to being butt-hurt about no-one listening to you so you kicked up a stink about things not happening on your timetable. Transaction capacity increases will be achieved in a myriad of ways. Sometimes in ways you haven't thought about and 'don't feel good about' and other times in ways you'll love ... but in the end no-one really cares about how you "feel" about a technical solution to bitcoin capacity increases.

Several 'core' BIP proposals included HF yearly block increases, even a 20% increase per year and a 2MB, 4MB, 8MB block increase ... either of which would have been in place by now and delivering bigger blocks than your recent pathetic 2MB now! current obsession, without all the governance and control shenannigans, stalling and mud-slinging at good people. The bitcoin market place for technical ideas can be brutal but it's time you built a bridge and got over yourselves.

No-one has yet proposed the solution to the problem of long-term evolution for transitioning from block rewards to a fees regime for incentivising network security. Not long after that happens the hard fork will get scheduled and then activated a year later.

[fluidjax]

but it's about ensuring the network is de-centralised.  

I've seen all kinds of stupid explanations on these forums for what constitutes "decentralized".  The current bitcoin core explanation is basically "the ability to run a node".  Lol?  Then you got Adam and the 400 MB block gang who didn't even bother to come up with some type of poorly constructed defintion.  In reality, it's the ability for people to mine the coins directly which requires commodity off the shelf mining hardware - meaning the network is currently completely centralized.  Therefore, anyone who actually cares about decentralization would be campaigning for a PoW change to GPU, otherwise there's no reason for bitcoin to exist.

If everyone mined that would help de-centralise the network, however there is no PoW change that fixes the current one's problems.
GPU's, different algorithms, they all simply kick the centralisation problems a few months down the road. We need something new, but until that comes we are stuck with what we've got.

[micalith]

but it's about ensuring the network is de-centralised.  

I've seen all kinds of stupid explanations on these forums for what constitutes "decentralized".  The current bitcoin core explanation is basically "the ability to run a node".  Lol?  Then you got Adam and the 400 MB block gang who didn't even bother to come up with some type of poorly constructed defintion.  In reality, it's the ability for people to mine the coins directly which requires commodity off the shelf mining hardware - meaning the network is currently completely centralized.  Therefore, anyone who actually cares about decentralization would be campaigning for a PoW change to GPU, otherwise there's no reason for bitcoin to exist.

If everyone mined that would help de-centralise the network, however there is no PoW change that fixes the current one's problems.
GPU's, different algorithms, they all simply kick the centralisation problems a few months down the road. We need something new, but until that comes we are stuck with what we've got.

I can't ever see Bitcoin switching to proof of stake, even if the cryptography mathematicians do find or have found a workable solution