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

[mindrust]

Even though we won it, I know, you don't want to live through the same shit we did last year but take a deep breath and listen.

Luke basically says, if the blockchain grows at this speed it will be almost impossible for an average Joe to start a full node in a few years.

Take a look at this chart:


https://www.blockchain.com/en/charts/blocks-size?timespan=all

It grows 50gb/year.

In 5 years, you'll have to download 500gb data to start your own node. And if you already say "fuck no i am not doing it", now imagine how would it look like in 10 years.

Luke probably won't succeed this time but people will understand him when it is too late.

This is a win for the bcash team.

***Maybe that's what Rodger aimed in the first place. He knew he would lose the first round but he still insisted on the big blocks and didn't accept defeat. Now he has a very strong ground even the Roger haters don't agree with Luke and see him as a crazy man. 

[jojo69]

1TB blocks

let's put PornHub on the blockchain

[becoin]

He is right. We've Lightning now and 300kb blocks is something more than logical!

Please tell me you are joking; it's so hard to detect sarcasm

In the interest of maintaining civility, and playing your scenario out, do you foresee 150kb/150kb == 300kb or 300kb/300kb == 600kb Blocks, accounting for SegWit data ?

No, I'm not joking! Chinese mining cartel is selling every bitcoin they mine to defend bcash price. Lowering blocksize is the ultimate argument of showing them what they do is futile. Plus, it will be a big incentive for Lightning adoption!

[wachtwoord]

He is right. We've Lightning now and 300kb blocks is something more than logical!

Please tell me you are joking; it's so hard to detect sarcasm

In the interest of maintaining civility, and playing your scenario out, do you foresee 150kb/150kb == 300kb or 300kb/300kb == 600kb Blocks, accounting for SegWit data ?

No, I'm not joking! Chinese mining cartel is selling every bitcoin they mine to defend bcash price. Lowering blocksize is the ultimate argument of showing them what they do is futile. Plus, it will be a big incentive for Lightning adoption!

I support 300kb blocksize too. Segwit increased the effective blocksize and it's best if that is undone. It won't happen though, and in a way I'm happy that it's so hard to make large changes (even though this one would be positive).

Never sacrifice security for something pitiful like "low fees".

[Olegya199]

[jojo69]

solid 10" (25cm) out there and still coming down

glad I have some indoor projects

[El duderino_]

pomp

[LFC_Bitcoin]

pomp

I’ve got another couple of bitcoin T Shirts I haven’t even worn yet. Might go & get a pic for the WO bro’s

[BitcoinGirl.Club]

Good evening brother. I am sure I missed a lot of pages. These days my real life is too annoying. Killing my entire days. Luckily I was able to buy some bitcoins at $3,590 🙂

I am happy.

[BitcoinGirl.Club]

<snip>

WTF LOL
Your avatar fooled me. I literally wanted to clean my screen to get rid of this bug.
It's f***ing creative. Damn!


 

[LFC_Bitcoin]

Waiting to wear these when I go to events or something for maximum exposure

[rdbase]

Waiting to wear these when I go to events or something for maximum exposure

Loving the "In crypto we trust" tshirt!
It shows a crusty old fiat money logo. That will be a classic for sure.

[mindrust]

Totally not taking in the technology growth, in the last ten years. In 2010 in the US the average down speed was around 5 megabits per second. Currently it is close to 20mb/s and with 5g coming soon we could see all the rural areas that areas that big down that list. (US average broadband speeds are 98mb/s)

Most crypto users I would guess are at around 100mb/s while gigabit infrastructure has increased throughout (it's an option for myself and most likely my next jump)

At gigabit speed a 500gb download would take right around 1.1 hour.
Really that's not an insane requirement at all and if we are at anything over 1 gigabit it will be less. (It looks like ISP are doing 10gbit next) if you have a 10 gigabit connection it would take around 6 to 7 minutes. I think that's fine and in 10 years at 10gigabit a second a 12-14 minute download for the entire blockchain would be no issue.

Maybe you are right. I am not sure. I don't mindlessly support Luke's 300kb blocks neither. I just wanted to point out his angle.

You also should consider that USA != World. In where I live net speeds suck. You can get good speeds (not guaranteed even when you pay for it) but then its expensive.

Like I said I am not sure. I don't want to swing my UASF axe again. I am too old for another war.  

It is probably best to leave it at 1mb.

[LFC_Bitcoin]

Waiting to wear these when I go to events or something for maximum exposure

Loving the "In crypto we trust" tshirt!
It shows a crusty old fiat money logo. That will be a classic for sure.

Thanks man, I enjoy getting BTC T Shirts made

[rdbase]

Amaury Sechet announced he is the original Satoshi Nakamoto with a hash on a twitter post but then deleted it.
https://www.ccn.com/amaury-sechet-bitcoin-satoshi-nakamoto-faketoshi
A bitcoin crash developer? Seriously why would he create a cryptocurrency on overturning what bitcoin fundamentals were built on?

[Olegya199]

Waiting to wear these when I go to events or something for maximum exposure

Cool stuff dude!  

[BitcoinGirl.Club]

<snip>

I love to see your efforts to promote Bitcoin. Writing in the bank notes, wearing t-shirts. It really helps a lot for exposure. Do you find random people to ask about it?

[VB1001]

It does not matter much, but:

13 Feb — Cboe XBT Bitcoin Futures Expiration Date

http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures

[LFC_Bitcoin]

<snip>

I love to see your efforts to promote Bitcoin. Writing in the bank notes, wearing t-shirts. It really helps a lot for exposure. Do you find random people to ask about it?

Yeah I speak to people about bitcoin everywhere I go.

[BitcoinGirl.Club]

It does not matter much, but:

13 Feb — Cboe XBT Bitcoin Futures Expiration Date

http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures

What is this all about? An exchange? Excuse my ignorance by the way.