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April 26, 2019, 02:49:56 AM *
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Poll
Question: Probability that we've seen the bottom of this bear market:
0% - 4 (2.9%)
1-5% - 4 (2.9%)
6-10% - 1 (0.7%)
11-15% - 1 (0.7%)
16-20% - 2 (1.4%)
21-25% - 2 (1.4%)
26-30% - 2 (1.4%)
31-35% - 1 (0.7%)
36-40% - 5 (3.6%)
41-45% - 2 (1.4%)
46-50% - 7 (5%)
51-55% - 8 (5.8%)
56-60% - 2 (1.4%)
61-65% - 2 (1.4%)
66-70% - 9 (6.5%)
71-75% - 9 (6.5%)
76-80% - 10 (7.2%)
81-85% - 13 (9.4%)
86-90% - 10 (7.2%)
91-95% - 7 (5%)
96-99% - 10 (7.2%)
100% - 28 (20.1%)
Total Voters: 139

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21127437 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (19 posts by 10 users deleted.)
hisslyness
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April 09, 2019, 07:24:26 AM
Merited by Hueristic (1), nutildah (1)


WTF are you babbling about? I advocate larger blocks, as I do believe in it as a solution to deal with transaction congestion. Quite a splendid one, in fact.


You actually remind me of r0ach, when you can not defend your position or answer anything, you just go on a tangent and throw out statements which make no sense..

You still haven't mentioned what size blocks you think Bitcoin needs... reminds me of the little do'er carpet commercial, "tell them the price son!, the price!"

"Tell me the blocksize son! the blocksize!"

The _protocol_ needs no maximum on the block size. The miners, being the ones who are affected by the block size, can set it without your soviet. At whatever point makes sense from a market demand and supply perspective.

Let me get this correct, you did advocate for larger blocks, but now you don't. You changed your mind.

You are incorrect. My advocacy has always been for no protocol-determined block limit. For such is exactly equivalent to a centrally-planned production quota. And production quotas -- to the extent that they are enforceable -- are invariably economically inefficient, ensuring crappy outcomes for most participants.

In case you had not noticed, miners have always been happy to mine blocks large enough such that average wait tx latencies were darned near universally next-block or so. That is, until blocks became persistently full, making such performance impossible.

At 1MB in size, blocks are so trivially small that miners' only consideration was in maximizing tx fees in the blocks they are building. Leading to blocks not being persistently full until the number of txs desired by the community became in excess of the block size limit. Obviously, such an issue can be solved by increasing the block size limit.

Of course, at some size (specific size thereof unknowable to the central planners), block size will be problematic. But the market will solve this issue. At the point where block propagation increases due to size leads to a higher incidence of orphaning, that is where the equilibrium point for block size will be set. Again, assuming no centrally-planned max, and that sufficient txs are available to build such large blocks.

Quote
What you really want is a "dynamic block size", that Miner's will set themselves, be it Small (80kB) or Large (8GB), doesn't matter.

Absolutely. Now you seem to have caught up.
and what would you do when groups spam the blocks to make them large and reduce the number of nodes?

Is anyone going to pull you up on this one? Look above, you said you advocate for larger blocks.

And now you advocate for a dynamic block, only after i mentioned dynamic block, which you never mentioned previously. If that is the case and it is dynamic blocks and not bigger blocks, then you also must support the current and smaller block size as it fits within your framework of a dynamic block. Therefore, your arguments about a smaller block size goes out the window.

The thing is, when mining a block it doesn't matter what size the block is, the cost to generate such blocks are the same.

Can you imagine a scenario, where there are 100,000 unconfirmed transaction, which you now have a dynamic blocksize, and a miner confirms all 100,000. what will happen for the next miner to find a block? what is going to be his reward? what will be his incentive to keep mining? the hopes he will find a block big enough, with enough fees to pay the electricity bills?

What will happen to fees? it will drop to nothing as there will be no competition to have your transaction validated.

Production Quota are economically inefficient? <-WTF? this just confirms to me, you are completely delusional..

I wish i had you as a boss, "Hey jbreher, how much products should i get out today? Up to you mate, do a little, do a lot, do what every you see fit. I'll leave it with you. no production quotas here mate!.

As much as we all want to support Bitcoin, bills still need to be paid, cost needs to paid. profit needs to be made!

BTW this has been discussed a while back in BIP106, dynamic block size with formulas to calculate next block size etc... but you will probably claim you already know about that...

But of course you won't agree, you will go off on a tangent and talk about "centrally planned" and "soviets" and god know what else.

Someone earlier mentioned talking to you is like talking to a wall... exactly know what they mean now...

I'll leave it with this one last point...

You talk about the market this, the market that, the market will, well the market has spoken mate! and You and BCH/BSV and what every other shitcoin you represent are the weakest link! Good Bye!
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katrinmi
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April 09, 2019, 07:25:53 AM



A graph of the number of confirmed Bitcoin transactions over the past two years. The dynamics are obvious
Arriemoller
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April 09, 2019, 07:49:56 AM

STFU Wednesday for both JJG and jbreher sounds good to me.
Arriemoller
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April 09, 2019, 07:57:43 AM

Not that I'm bothered by them, I have them both on ignore.
bitserve
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In "capitulation" mode until further notice. HODL.


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April 09, 2019, 08:03:29 AM
Last edit: April 09, 2019, 08:32:19 AM by bitserve

I am a hodler.

Repent sinner...thou must uncapitulate forthwith and remain so hence forth!

I will un"capitulate" in due to time! Tongue

Things are looking fine though.... We will see...

Great.  That is good newses!!!!

At least you are no longer looking at either drowning yourself in the nearest river nor placing yourself inside of a cupboard with chocolate all over your face.  Wink

In the WO thread, our motto here is to save regular and active participants one at a time, but only when such active and regular participants are ready, willing and able to save themselves.   Tongue

Yup, I feel better now. I need to recognise that my recent stressful financial situation plus other personal issues might have additionally impacted my spirit in addition to the second (and failed) BTC bottom attempt.

The sky seems to be clearing again... in one side my BTC stash is now in a more healthy position and also the bank surprisingly (after appraising the market value) raised the ratio of loan for my mortgage to 90% of buying price so the impact on my lifetime fiat savings won't be as high as I initially expected. And also (huge) thanks to my GF who decided to step up and 50% buy the property to help me with the purchase.

Life is like a box of chocolates... Full of up & down situations for no particular reason. Never throw the towel.

To da moon?
LFC_Bitcoin
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One of the world's leading Bitcoin-powered casinos


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April 09, 2019, 08:15:52 AM

Nobody quote Arriemoller please, I have him on ignore.



Wink
micgoossens
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Be safe, Elwar and Nadia !!


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April 09, 2019, 08:22:09 AM

Bitcoin is doing better than corporations & altcoins though it never had:

- CEO
- Marketing
- Salaries
- ICO
- Partnerships
- Headquarters
- Customer support

Bitcoin is an emergent superorganism. Members contribute according to their ability, driven by passion more than greed

https://twitter.com/misir_mahmudov/status/1115345831073341440?s=21
mOgliE
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April 09, 2019, 08:34:59 AM
Merited by Saint-loup (1)



A graph of the number of confirmed Bitcoin transactions over the past two years. The dynamics are obvious

You could add the graph of bullish posts.

Everyone is so bullish.

Is that a bull trap? Don't know. Don't care. That's why I HODL and don't trade.
Gyrsur
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#BEL+++


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April 09, 2019, 08:35:52 AM

SIDEWAYS we go!




EDIT: who has me on ignore either? Grin
bitserve
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In "capitulation" mode until further notice. HODL.


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April 09, 2019, 08:40:20 AM
Merited by JimboToronto (1)

^ 100BTC sounds like an incredibly HUGE amount for just a little piece of metal. That needs to change.

I have *EVERYONE* on ignore. I am such an elitist and egomaniacal asshole I would even ignore me if I could.
Arriemoller
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April 09, 2019, 08:43:32 AM

Nobody quote Arriemoller please, I have him on ignore.



Wink

No you don't  Smiley
micgoossens
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Be safe, Elwar and Nadia !!


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April 09, 2019, 08:48:10 AM

^
who is this ignored member??
bitserve
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In "capitulation" mode until further notice. HODL.


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April 09, 2019, 08:51:24 AM

^ I donno. I can't even read you. Who are you btw?!?!
JayJuanGee
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How much alt coin diversification is needed? 0%?


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April 09, 2019, 08:55:47 AM

SIDEWAYS we go!


EDIT: who has me on ignore either? Grin

Who's gonna want to have you on ignore?  You are transitioning into a kind of human variation of chartbuddy with your daily gold/BTC updates.  It could be considered shitcoin pumping (referring to gold) but most of us already recognize a fairly decently plausible and likely direction in that at some point, in the not too distance future, bitcoin is going to reach gold 400oz parity... and of course, keep going from that point in which 1 BTC will be worth 10  400oz gold bars, but NOT a bad daily metric.
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April 09, 2019, 09:01:17 AM

^^ such kind words. thank you!  Smiley
HairyMaclairy
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Not investment advice I am degenerate bull hatter


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April 09, 2019, 09:02:47 AM

nutildah
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April 09, 2019, 09:04:08 AM

I put everybody on ignore except infofront, but then he was quoting people I had on ignore, so I had to put him on ignore too. Ahh... the bliss and tranquility of isolation...

bitserve
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In "capitulation" mode until further notice. HODL.


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April 09, 2019, 09:06:45 AM
Merited by kenzawak (1)

^ Ignored!!  Angry


And thus the WO ignoring wars began....
Retina
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April 09, 2019, 09:09:58 AM

Bitcoin is doing better than corporations & altcoins though it never had:

- CEO
- Marketing
- Salaries
- ICO
- Partnerships
- Headquarters
- Customer support

Bitcoin is an emergent superorganism. Members contribute according to their ability, driven by passion more than greed

https://twitter.com/misir_mahmudov/status/1115345831073341440?s=21

Best of 2 point 1.ICO 2. Marketing maximum people use her bitcoin in this 2 place,  i think Marketing all of the best...   
bitcoinPsycho
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$100,000 BTC in one hour🍄💊


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April 09, 2019, 09:17:16 AM
Merited by kenzawak (1)

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