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

[jbreher]

I miss 'Chart Buddy'

Still crankin' 'em out over on The Forum That Shall Not Be Named.

[1714510815]

1714510815

[1714510815]

1714510815

[jbreher]

the supposed fork is actually an attack.

It may be worth observing the fact that whether this is an attack or rather a simple upgrade is dependent upon your individual perspective.

The real goal is replacing Core with more - say - malleable developer(s).

Notion is absurd.

IF S2X becomes the hashrate victor
AND
IF the core developers switch to developing an S2X compatible client
THEN
It is highly likely that their implementation will acquire majority status
AND
They would not, in fact, be replaced.

[d_eddie]

the supposed fork is actually an attack.

It may be worth observing the fact that whether this is an attack or rather a simple upgrade is dependent upon your individual perspective.

Right. We differ on that, it's understood.

The real goal is replacing Core with more - say - malleable developer(s).

Notion is absurd.

IF S2X becomes the hashrate victor

the consensus victor...

AND
IF the core developers switch to developing an S2X compatible client

... which they said they won't (of course it remains to be seen if they keep their word)

THEN
It is highly likely that their implementation will acquire majority status
AND
They would not, in fact, be replaced.

Under all these assumptions
(whose plausibility could be debated, but we know better than to engage in that right now, or at least I do)
that's right, they wouldn't be.

[vroom]

https://coin.dance/blocks  

segwit2x signaling rate is down to 75% in the last 24 hours. miners changing their minds?

[d_eddie]

https://coin.dance/blocks  

segwit2x signaling rate is down to 75% in the last 24 hours. miners changing their minds?

A word from Jeff Bezos could nail S2X inside its coffin.

[jbreher]

Under all these assumptions
(whose plausibility could be debated, but we know better than to engage in that right now, or at least I do)
that's right, they wouldn't be.

Yes, given the assumptions. Which, I agree, are debatable. The point remains that any 'changing of the guard' would be an abdication*. And hence, would not be merely an effort to overthrow the current devs with ones more malleable.

*Much as we all abdicated our consensus-determining (i.e., mining) power years ago.

https://coin.dance/blocks  

segwit2x signaling rate is down to 75% in the last 24 hours. miners changing their minds?

A word from Jeff Bezos could nail S2X inside its coffin.

If that be true, a differing word from Jeff Bezos could also nail S1X inside its coffin.

[becoin]

If that be true, a differing word from Jeff Bezos could also nail S1X inside its coffin.

Wrong.

Many wealthy and powerful people already have said many words against Bitcoin. But instead of going into the coffin it got to $6K.

[ragnar0k]

But instead of going into the coffin it got to $6K.

Speaking of which, looks like we are back to 5.7k$5.6k$
Let's hope it holds - something tells me people will stick around until the next fork

**Mental note: mentioning real time price is bad luck

[orpington]

Under all these assumptions
(whose plausibility could be debated, but we know better than to engage in that right now, or at least I do)
that's right, they wouldn't be.

Yes, given the assumptions. Which, I agree, are debatable. The point remains that any 'changing of the guard' would be an abdication*. And hence, would not be merely an effort to overthrow the current devs with ones more malleable.

*Much as we all abdicated our consensus-determining (i.e., mining) power years ago.

https://coin.dance/blocks  

segwit2x signaling rate is down to 75% in the last 24 hours. miners changing their minds?

A word from Jeff Bezos could nail S2X inside its coffin.

If that be true, a differing word from Jeff Bezos could also nail S1X inside its coffin.

Trying to insult bitcoin by calling it S1X isn't gonna change anything.

These stupid assorted monikers are reserved for garbage alts and forkcoin attacks.

Bitcoin is called bitcoin whether you like it or not.

[sirazimuth]

....


Edit.

One day I'll get the hang of trimming posts down. Fuck

I can assist.   

Ha ha thanks. I think.

Been here for a number of years now and still can't do it.

Noob

quote it...highlight desired text to discard ...delete (use the backspace key)
the trick is leaving in a strategic "[/quote]"  here and there.
 I use preview till i get it right...

[P4ndoraBox]

One day, my dream is to come back to thread, and see absolutely no discussions of contentious shitcoin forks.... sigh..  

It's true though isn't it.....


The more forks that happen will prove that everything that's forked is bullshit compared to the real Bitcoin. It will strengthen bitcoin in the long run.

^^

[El duderino_]

so end october +6K or under

[Heater]

One day, my dream is to come back to thread, and see absolutely no discussions of contentious shitcoin forks.... sigh..  

It's true though isn't it.....


The more forks that happen will prove that everything that's forked is bullshit compared to the real Bitcoin. It will strengthen bitcoin in the long run.

^^

Agree 100% but in my mind there are 2 types of forks -

1) people forking off the main chain and going their own way - to survive they will need a emergency difficulty adjustment. Hopeful most of these will die off asap which will reinforce Bitcoin over and over again and

2) forks of the main chain that everyone follows.

I honestly think we need more of the second type of fork - it will progress the Bitcoin state of the art (even if the improvements are tiny and incremental), bring the community together and build confidence that we have our shit together. Right now we are lacking the leadership that can make it happen, which is a shame because it makes the core team look weak - technically sound, but politically weak and naive. I cringe when I see all the emotional No2X / UASF stuff.

[xhomerx10]

so end october +6K or under

 Honeybadger just bounced off a support zone and RSI is back down to normal range.   We"re going to test 6200 again soon.
Happy 🎃!

[Torque]

the supposed fork is actually an attack.

It may be worth observing the fact that whether this is an attack or rather a simple upgrade is dependent upon your individual perspective.

The real goal is replacing Core with more - say - malleable developer(s).

Notion is absurd.

IF S2X becomes the hashrate victor
AND
IF the core developers switch to developing an S2X compatible client
THEN
It is highly likely that their implementation will acquire majority status
AND
They would not, in fact, be replaced.

No, but they would walk off the project. For having an untested, unproven, hastily written fork with an unneeded block size increase thrust into their lap to support.

Which is EXACTLY what the attackers are wanting. Hoping for actually.

But no worries, if that happens you will see the biggest "tea party protest mega dump" you've ever seen in your life, right after the core devs fork to a PoW algo change... the economic majority will move with them.

The future of crypto will not be corporatized and centralized...

[Heater]

so end october +6K or under

Who the hell knows? Still 5 days to go so I would say over 6K.

I honestly don't know how people trade Bitcoins. At most timescales it looks like a random walk to me.

[Vin]

so end october +6K or under

Who the hell knows? Still 5 days to go so I would say over 6K.

I honestly don't know how people trade Bitcoins. At most timescales it looks like a random walk to me.

Over 6k should be OK.

[JayJuanGee]

Under all these assumptions
(whose plausibility could be debated, but we know better than to engage in that right now, or at least I do)
that's right, they wouldn't be.

Yes, given the assumptions. Which, I agree, are debatable. The point remains that any 'changing of the guard' would be an abdication*. And hence, would not be merely an effort to overthrow the current devs with ones more malleable.

*Much as we all abdicated our consensus-determining (i.e., mining) power years ago.

https://coin.dance/blocks  

segwit2x signaling rate is down to 75% in the last 24 hours. miners changing their minds?

A word from Jeff Bezos could nail S2X inside its coffin.

If that be true, a differing word from Jeff Bezos could also nail S1X inside its coffin.

Trying to insult bitcoin by calling it S1X isn't gonna change anything.

These stupid assorted monikers are reserved for garbage alts and forkcoin attacks.

Bitcoin is called bitcoin whether you like it or not.

Actually, this is a good point orpington..   There is a frequent ongoing campaign from bitcoin deniers and bitcoin attackers to attempt to denigrate bitcoin and to attempt to cause their alt coin propaganda to be some kind of bitcoin equivalent by renaming bitcoin..   They do this over and over and over hoping that their nonsense nomenclature will sink in and either confuse people regarding the real bitcoin or to increase the stature of their attack (or alt coin)

[jbreher]

If that be true, a differing word from Jeff Bezos could also nail S1X inside its coffin.

Wrong.

Many wealthy and powerful people already have said many words against Bitcoin. But instead of going into the coffin it got to $6K.

Yes, but you are speaking of Schoredinger's Bitcoin. We won't know if it is S1X or if it is S2X until after the box is opened.

Trying to insult bitcoin by calling it S1X isn't gonna change anything.

These stupid assorted monikers are reserved for garbage alts and forkcoin attacks.

Bitcoin is called bitcoin whether you like it or not.

I am not trying to insult Bitcoin. You cannot deny that SegWit did not appear as it would become reality until miners signaled for NYA. Further, a significant portion of the community is fully behind S2X.  See above. The box is yet to be opened.

attempt to cause their alt coin propaganda to be some kind of bitcoin equivalent by renaming bitcoin.

It cannot be denied that the change from pre-segwit to The SegWit Omnibus Changeset (i.e., S1X) is a much larger change to Bitcoin than that from S1X to S2X. In a decentralized, permissionless, trustless system, changes from any party are equally valid until cast in the crucible of the marketplace. Just because a change is advocated by core, does not convey upon it any de facto legitimacy. Again, see above.

[becoin]

If that be true, a differing word from Jeff Bezos could also nail S1X inside its coffin.

Wrong.

Many wealthy and powerful people already have said many words against Bitcoin. But instead of going into the coffin it got to $6K.

Yes, but you are speaking of Schoredinger's Bitcoin. We won't know if it is S1X or of it is S2X until after the box is opened.

No, I'm speaking about Bitcoin.
Bitcoin doesn't care what imaginary box you have in your head or how do you try to open it.