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Question: Nov. 15 Closing Price:
<$6,000 - 39 (25.5%)
$6,000-$6,100 - 6 (3.9%)
$6,100-$6,200 - 2 (1.3%)
$6,200-$6,300 - 4 (2.6%)
$6,300-$6,400 - 10 (6.5%)
$6,400-$6,500 - 13 (8.5%)
$6,500-$6,600 - 22 (14.4%)
$6,600-$6,700 - 6 (3.9%)
$6,700-$6,800 - 4 (2.6%)
>$6,800 - 47 (30.7%)
Total Voters: 153

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20736108 times)
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BlindMayorBitcorn
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November 12, 2017, 04:35:33 PM

Serious question. Core currently has some development in mind to lower transaction fees and keep the mempool clear? make bitcoin more resistant to spam attacks?

ask the guy who's paying your wages to go easy on the spamming.

Two-faced devil.
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BlindMayorBitcorn
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November 12, 2017, 04:39:33 PM

conspirosphere.tk
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November 12, 2017, 04:39:42 PM


It has Gavin's endorsement, so it must be for real:

becoin
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November 12, 2017, 04:39:49 PM

As for the fees, Segwit2x will probably be a required fork for the "mainstream" Bitcoin, since Segwit alone failed to address the problem in the short term.

The "problem" with the fees will never be solved whatever we do. There will always be people that will say fees are too high. Segwit2x will fail to address the problem and Segwit4x will be required. Then Segwit8x wil be required and so on. This is why I don't see any problem with the fees. If you can't afford those fees just use fiat banking. Bitcoin is for people that do value their money, financial freedom and privacy.

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November 12, 2017, 04:40:30 PM

I'm going to go out on a limb and say we'll see the largest sell wall in bitcoin history today.

I'm trying to remember some of the past giant sell walls in BTC history. One that stands out in my memory is the one at 300 when the guy cashed out.. I think it was around 30k BTC IIRC.  Of course, that could be dwarfed today in terms of USD value. And I have a feeling it will be soon.  Although this time there's a good chance it's only flashed. Be safe out there folks  Wink

I've witnessed how 32K BTC sell wall on Bitstamp was eaten in a few hours. It was 3 years ago, if I remember correctly, this 25K Ver selling through 2 days is a joke.
Torque
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November 12, 2017, 04:40:36 PM

https://www.bitcoincash.org/letter-from-the-ceo.pdf
OFFICIAL STATEMENT
COMMUNIQUÉ OFFICIE


That entire pdf is the biggest load of crap I've ever seen. It sounds like it was written by a 3rd grader. And there's a lot of "We the Management will manage things better for you" garbage rhetoric. So centralized management will decide what's best for the lowly masses. Got it.
Last of the V8s
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Be a bank


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November 12, 2017, 04:48:00 PM


It has Gavin's endorsement, so it must be for real:


wait it's not pastiche?

but... but it's all so laughable
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November 12, 2017, 04:48:38 PM

https://www.bitcoincash.org/letter-from-the-ceo.pdf
OFFICIAL STATEMENT
COMMUNIQUÉ OFFICIE


That entire pdf is the biggest load of crap I've ever seen. It sounds like it was written by a 3rd grader. And there's a lot of "We the Management will manage things better for you" garbage rhetoric. So centralized management will decide what's best for the lowly masses. Got it.

It must be a joke or something...

"telling people what they cannot do, must do, and may do. All of this is slowing a
movement and lowering morale and energy. It just about sucks donkey balls."

Roll Eyes
Torque
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November 12, 2017, 04:52:56 PM


It must be a joke or something...

"telling people what they cannot do, must do, and may do. All of this is slowing a
movement and lowering morale and energy. It just about sucks donkey balls."

Roll Eyes

Oh it gets even more hilarious and telling:

"They’re going to be joining Bitcoin Cash for their reasons, or they’re not going to be joining at all. And their reasons aren’t going to be “decentralization”, “censorship resistance”, “non-aggression money”, or any other nice theoretical construct. Their three reasons for joining Bitcoin Cash, in 99.999% of cases, are going to be profit, profit, and more profit, in that order."  Roll Eyes

At least he's upfront on what BCH has always been about from day 1. Not Satoshi's vision at all. Satoshi's white paper means fk all to them.
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November 12, 2017, 04:54:12 PM

Serious question. Core currently has some development in mind to lower transaction fees and keep the mempool clear? make bitcoin more resistant to spam attacks?

ask the guy who's paying your wages to go easy on the spamming.

Why do you think someone pays me? Because I have a different opinion to yours? The only money I have received is the money I made in my investments. That is the reason for my concern.
In any case, it is not necessary to pay any person to spread FUD on this subject, since it is a real problem.

In my country, the purchases of ETH have increased considerably in comparison with BTC. The reason? The high rates of BTC. It's not FUD, it's a fact.
itod
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November 12, 2017, 04:54:21 PM

Serious question. Core currently has some development in mind to lower transaction fees and keep the mempool clear? make bitcoin more resistant to spam attacks?

Those Bitcoin Unlimited guys measured the mempool performance and found out it was not the protocol issue, it is protocol implementation issue. Currently transactions commit to the mempool in the single thread exclusively, so it doesn't matter if you have 4 core, 8 core or 32 core processor once the mempool gets saturated it falls apart completely, not being able to process new transactions. They found about this empirically, through watching measurement charts. There is a video from Stanford conference held a week ago where they explained the details, link to Youtube is posted in this thread few pages ago. They wrote a multi-threaded implementation and then (surprise, surprise) made some additional "improvements" on the process, so even if their code will be opensourced it can not be patched directly to Bitcoin Core codebase, developers will have to do some of they own work on it. I'm surprised no one cached this long time ago.
tonyq
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November 12, 2017, 04:55:51 PM

What matters is the hash rate ! Bitcoin is slow and has expensive transaction fees and it has sucked for a long time! Call me a troll but it's the truth...

You're not a troll, you speak the truth and a lot of people, me included are becoming disillusioned.
I have used bitcoin to bet with for 4 years now and used to be able to transfer coin quickly and cheaply from account to account via my wallets....It's now become a nightmare due to fees and absurd slowness.
I am on the verge of going back to fiat bookmakers....cheaper and faster.
Sad, but you have to be practical.
 Undecided
har23
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November 12, 2017, 04:57:05 PM

many sell wall of 1000 BTC in bitfinex at different price.. This is sad.. really sad.
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November 12, 2017, 04:57:33 PM

https://www.bitcoincash.org/letter-from-the-ceo.pdf
OFFICIAL STATEMENT
COMMUNIQUÉ OFFICIE


That entire pdf is the biggest load of crap I've ever seen. It sounds like it was written by a 3rd grader. And there's a lot of "We the Management will manage things better for you" garbage rhetoric. So centralized management will decide what's best for the lowly masses. Got it.

We encourage change and will never tell you what you can not do... (seconds later) here is a list of things that you can not do...

The suggestion of making holders of Bcash tons of money is litered throughout the statement. (they must be pretty confident)

The statement also drives the point home on how professional they are/will be however, this is one of the most unprofesional things I've read in a long time with words like "shitsling" and "donkey balls"...

In summary, I've decided to sell all of my BTC and buy Bcash to have fun and make money... pretty simple decision... *sarcasm*
har23
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November 12, 2017, 04:59:04 PM

5500 is the next resistance, maybe 5000$.. so insane...
barota
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November 12, 2017, 05:01:14 PM

Hmm.. might want to set some low buy orders just in case  Shocked

https://blockchain.info/address/14KsG6hxkM3cGGC4DvyEdf8uytoE7x9WRQ

I'm going to go out on a limb and say we'll see the largest sell wall in bitcoin history today.

I'm trying to remember some of the past giant sell walls in BTC history. One that stands out in my memory is the one at 300 when the guy cashed out.. I think it was around 30k BTC IIRC.  Of course, that could be dwarfed today in terms of USD value. And I have a feeling it will be soon.  Although this time there's a good chance it's only flashed. Be safe out there folks  Wink


Any other news about dumping these huge amounts of roger ver ?!
25000 btc of roger ver + other rich addresses+ dump traders + Huh?+ Huh? --------- crash of bitcoin
Torque
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November 12, 2017, 05:03:31 PM

Any other news about dumping these huge amounts of roger ver ?!
25000 btc of roger ver + other rich addresses+ dump traders + Huh?+ Huh? --------- crash of bitcoin

We could only hope! People are literally begging Ver et. al. to dump all their BTC. Please universe, please make this happen. Let them be gone forever! And we will buy up all the cheap bitcoin, yay.
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November 12, 2017, 05:03:46 PM

How is 70% of the mining power directed at Bitch Coin? Did Bitmain hijack every Antminer on the planet? No miner in their right mind would voluntarily mine that crap. How did they get that much of the hash rate?
itod
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November 12, 2017, 05:08:10 PM

How is 70% of the mining power directed at Bitch Coin? Did Bitmain hijack every Antminer on the planet? No miner in their right mind would voluntarily mine that crap. How did they get that much of the hash rate?

Why would do you assume they will not voluntarily mine BCH? They see this as an opportunity to get much more money for electricity spent. It will be over in a few hours anyway:

Code:
Coin Date (UTC 24h) Remaining Change
BCH Nov 12th, 21:09 3 hours, 2 minutes (131 blk) +400.00%
Gab0
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November 12, 2017, 05:09:32 PM

Serious question. Core currently has some development in mind to lower transaction fees and keep the mempool clear? make bitcoin more resistant to spam attacks?

Those Bitcoin Unlimited guys measured the mempool performance and found out it was not the protocol issue, it is protocol implementation issue. Currently transactions commit to the mempool in the single thread exclusively, so it doesn't matter if you have 4 core, 8 core or 32 core processor once the mempool gets saturated it falls apart completely, not being able to process new transactions. They found about this empirically, through watching measurement charts. There is a video from Stanford conference held a week ago where they explained the details, link to Youtube is posted in this thread few pages ago. They wrote a multi-threaded implementation and then (surprise, surprise) made some additional "improvements" on the process, so even if their code will be opensourced it can not be patched directly to Bitcoin Core codebase, developers will have to do some of they own work on it. I'm surprised no one cached this long time ago.

Thank you very much. I appreciate your response. I will look for the video that you mention.
But I still dont understand, this could help with high rates and makes spam attacks less effective?

Edit: Do you mean this presentation?
https://youtu.be/QkYXPJMqBNk?t=2059
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