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

[Torque]

Troll bears on WO are so funny..

You guys really think we don't notice that you vanish from here when alts are pumping, and then suddenly show up here whenever the Bitcoin price is going sideways?

We notice, ok? And we put you in the 'troll' category, and many of you on /ignore.

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[Ibian]

We need more throughput. Stop being a fucking tribalist and focus on what matters.

Of course we need more throughput.  But you need to come up with something better than just increasing blocksize by itself because that’s a shit solution from a decentralization point of view.  And I’m not seeing any other options other than LN and other second layer networks.  I’m all ears if you can point to a solution.

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

[jojo69]

We need more throughput. Stop being a fucking tribalist and focus on what matters.

Of course we need more throughput.  But you need to come up with something better than just increasing blocksize by itself because that’s a shit solution from a decentralization point of view.  And I’m not seeing any other options other than LN and other second layer networks.  I’m all ears if you can point to a solution.

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Bigger blocks is like a hoarder building a new room on their house to store more crap.  It doesn't solve the problem, it just allows the problem to get bigger.

Also...a linear solution for an exponentially expanding problem...

[Torque]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?   

[Ibian]

We need more throughput. Stop being a fucking tribalist and focus on what matters.

Of course we need more throughput.  But you need to come up with something better than just increasing blocksize by itself because that’s a shit solution from a decentralization point of view.  And I’m not seeing any other options other than LN and other second layer networks.  I’m all ears if you can point to a solution.

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Bigger blocks is like a hoarder building a new room on their house to store more crap.  It doesn't solve the problem, it just allows the problem to get bigger.

Also...a linear solution for an exponentially expanding problem...

It's like more throughput. Which is the issue here.

[Ibian]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. I spent $50 just today. Just on transfers. It's real money out of my pocket. And everyone elses.

Forget your fucking coffee. Fees don't need to be that big. It's a choice. That we have made. Time to make a better one.

[GreekGeek]

krakens laptop needs a reboot

[luckygenough56]

krakens laptop needs a reboot

it's an atom tablet

[Rosewater Foundation]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. I spent $50 just today. Just on transfers. It's real money out of my pocket. And everyone elses.

Forget your fucking coffee. Fees don't need to be that big. It's a choice. That we have made. Time to make a better one.

Forget your fucking fees. It's a choice. Use it or don't.
People angry at hammers because they don't act like screwdrivers. It never ends.

[Torque]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. Just on transfers. It's real money out of my pocket. And everyone elses.

Transfers for what, Ibian? Obviously not e-Commerce. Like 99.99999999999999999% of the rest of the Bitcoin community.

I'm so fucking tired of the 'false fallacy' arguments that the Bitcoin community has been having for years now. I would tell you to just go use BCH, but you know what? Those fkn idiots in that camp aren't using BCH for e-Commerce transactions either.  Just "transfers". Which just means trades, and that's it.

BCH has an 8MB block size "solution" looking for a problem that doesn't exist. They have MILES of empty lane not even being used for ANYTHING even remotely e-Commerce related. But hey, they have low fees to move their coins around for trading! Yay, great!!    

[Ibian]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. Just on transfers. It's real money out of my pocket. And everyone elses.

Transfers for what, Ibian? Obviously not e-Commerce. Like 99.99999999999999999% of the rest of the Bitcoin community.

I'm so fucking tired of the 'false fallacy' arguments that the Bitcoin community has been having for years now. I would tell you to just go use BCH, but you know what? Those fkn idiots in that camp aren't using BCH for e-Commerce transactions either.  Just "transfers". Which just means trades, and that's it.

BCH has an 8MB block size "solution" looking for a problem that doesn't exist. They have MILES of empty lane not even being used for ANYTHING even remotely e-Commerce related. But hey, they have low fees to move their coins around for trading! Yay, great!!    

Business, actually. I trade in person at a premium and buy and sell on kraken. It more than pays the rent. Except for the fees, which I don't have. And it's going to get worse until someone codes a solution. Hundred dollar fees are not far off at this rate.

[Ibian]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. I spent $50 just today. Just on transfers. It's real money out of my pocket. And everyone elses.

Forget your fucking coffee. Fees don't need to be that big. It's a choice. That we have made. Time to make a better one.

Forget your fucking fees. It's a choice. Use it or don't.
People angry at hammers because they don't act like screwdrivers. It never ends.

The fees are too damn high, and keep getting higher. It's not a non-issue.

[jojo69]

[Ibian]

"Something snarky" was my thought as your post was loading. And sure enough.

Look, forget the fact that Ver and the other losers chose to implement big blocks. Those guys are narcissists, and bad for business.

That doesn't mean that bigger blocks is a bad idea. If we had chosen that, and they had chosen segwit, we would still have this fucking childish tribalistic spat, only our fees would be a tenth of what they are and bcash would be even worse.

We fucked up. We need more throughput, by whatever means, and segwit is not delivering. We need bigger blocks, or something that works even better, in less time than it would take to implement a block size increase.

[jojo69]

"Something snarky"

yeah, sorry about that, couldn't resist

Look, forget the fact that Ver and the other losers chose to implement big blocks. Those guys are narcissists, and bad for business.

That doesn't mean that bigger blocks is a bad idea. If we had chosen that, and they had chosen segwit, we would still have this fucking childish tribalistic spat, only our fees would be a tenth of what they are and bcash would be even worse.

We fucked up. We need more throughput, by whatever means, and segwit is not delivering. We need bigger blocks, or something that works even better, in less time than it would take to implement a block size increase.

You do have one point, I was thinking just last night, reading Rosewater's link to Rodger's total meltdown over $50, how glad I was that he isn't on "my side".

I have always maintained that there were, in fact, honest actors on the big block side of the debate, and I feel for them that they have this Ver albatross around their neck.

[Torque]

....and segwit is not delivering.

Because the brokers, exchanges, and wallets are not implementing it. Period. End of story.

Let's get to that first, mmkay?

And if they never implement SegWit, are we then being held hostage? Are they our enemies too? Serious question.

[JayJuanGee]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. I spent $50 just today. Just on transfers. It's real money out of my pocket. And everyone elses.

Forget your fucking coffee. Fees don't need to be that big. It's a choice. That we have made. Time to make a better one.

It would be nice if some of your big blocker nut job boys would stop spamming the network and also to facilitate segwit wallets on some of the bigger players such as blockchain and coinbase, but apparently they don't consider segwit adoption to be a priority, which is likely contributing to some of the clogging, too.

[realr0ach]

Business, actually. I trade in person at a premium and buy and sell on kraken. It more than pays the rent.

ETA until you get arrested for being an unlicensed money transmitter like all the other people being setup by the poleece?

[Ibian]

....and segwit is not delivering.

Because the brokers, exchanges, and wallets are not implementing it. Period. End of story.

Let's get to that first, mmkay?

And if they never implement SegWit, are we then being held hostage? Are they our enemies too? Serious question.

Would they have not implemented bigger blocks?

Sometimes effectiveness beats out efficiency.

[Torque]

....and segwit is not delivering.

Because the brokers, exchanges, and wallets are not implementing it. Period. End of story.

Let's get to that first, mmkay?

And if they never implement SegWit, are we then being held hostage? Are they our enemies too? Serious question.

Would they have not implemented bigger blocks?

Sometimes effectiveness beats out efficiency.

So we never get to see the effectiveness (or lack thereof) of SegWit because they won't implement it?

Sounds legit. And communist.