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

[tarmi]

prove those nasty trolls wrong bitcoiners and launch this mofo to the stratosphere!

@D0GT0

are your internal indicators flashing right now? is this a strong buy? 300 in 2 weeks?

[BlindMayorBitcorn]

This kind of talk would be plenty more effective with some actual doom taking place.

*hint!

[Sitarow]

prove those nasty trolls wrong bitcoiners and launch this mofo to the stratosphere!

https://www.youtube.com/watch?v=XaI0n521C7E

[bassclef]

Price goes up $20 and suddenly double spends are happening and a mining cartel takeover is imminent.

Get a life guys, or at least take it to the technical development thread where you can share your fears in a thread that's not a troll-fest. Oh wait, there's no one to feed your narcissism there. It only counts as therapy if you're paying $200 an hour you know.

[JorgeStolfi]

You have failed to understand what consensus is when you refer to participants as rebels. ASIC tech and the "cartel" are at the mercy of the network participants not the other way around.

In essence making all existing ASIC use for BTC obsolete and make the old BTC network compromised and useless.

Sorry, I believe that you failed to understand.  All the ASIC and mining installations will remain perfectly usable with the 25 M chain, and would mine it because there would be no other chain that they can mine.

Ater the "Red Button" solution there will be two fully functional versions of bitcoin, but one will have a 300 PH/s network, the other will have a puny CPU network.  Even "hero miners" with older ASIC miners in the attic will be unable to come to the help of the second one.

BTC network used to fund accounts would be under suspicion of double spent coins due to the "cartel" having over 51% and closer to 100% network control.  BTC network as it was known will have become defunct.

Whether the attack succeeds or not, the concentration of hashing power in the "Big Bitcoin" network will be the same as it was before the fork point.  The change to the halving schedule will not affect the possibility of double-spend.  In fact, that possibility already is not negligible now. (Imagine that some hacker steals 500 kBTC from the US or Chinese government, who is determined to get them back.)

The risk of double-spend will be much higher in the "Small Bitcoin" CPU-only network, since an external agent could gain majority mining power with a relatively small investment.

[Ask Ken About Love]

^ Dumb is dumb ^  Your only on about 1000 more ignore list than I am.  

Make that 999.  Welcome to my ignore list

That's right NLC I used your just for you.

wat



No, don't bother answering that, you're ignored.

[BlindMayorBitcorn]

Price goes up $20 and suddenly double spends are happening and a mining cartel takeover is imminent.

Get a life guys, or at least take it to the technical development thread where you can share your fears in a thread that's not a troll-fest. Oh wait, there's no one to feed your narcissism there. It only counts as therapy if you're paying $200 an hour you know.

Trolls get booted from Technical Discussion threads. Trust me I know

[Ask Ken About Love]

Price goes up $20 and suddenly ...

Why can't you bitcoiners try telling the truth just for once?  It's $10

[ChartBuddy]

Coin
Explanation

[Wandererfromthenorth]

Price goes up $20 and suddenly double spends are happening and a mining cartel takeover is imminent.

Get a life guys, or at least take it to the technical development thread where you can share your fears in a thread that's not a troll-fest. Oh wait, there's no one to feed your narcissism there. It only counts as therapy if you're paying $200 an hour you know.

People in this forum are simply discussing some of the bitcoin narratives regardless of price movements and suddenly some dude comes and calls everything "FUD" by "trolls" and takes the discussion as a personal attack.

[tarmi]

Price goes up $20 and suddenly ...

Why can't you bitcoiners try telling the truth just for once?  It's $10

It's how I make 5 figures per month. If you don't understand, maybe read a book instead of talking yours.

dude, he is a pro trader. he recognized this triple bottom forming at 236, caught it and then sold it for 256.49.

[Sitarow]

You have failed to understand what consensus is when you refer to participants as rebels. ASIC tech and the "cartel" are at the mercy of the network participants not the other way around.

In essence making all existing ASIC use for BTC obsolete and make the old BTC network compromised and useless.

Sorry, I believe that you failed to understand.  All the ASIC and mining installations will remain perfectly usable with the 25 M chain, and would mine it because there would be no other chain that they can mine.


Ater the "Red Button" solution there will be two fully functional versions of bitcoin, but one will have a 300 PH/s network, the other will have a puny CPU network.  Even "hero miners" with older ASIC miners in the attic will be unable to come to the help of the second one.

BTC network used to fund accounts would be under suspicion of double spent coins due to the "cartel" having over 51% and closer to 100% network control.  BTC network as it was known will have become defunct.

Whether the attack succeeds or not, the concentration of hashing power in the "Big Bitcoin" network will be the same as it was before the fork point.  The change to the halving schedule will not affect the possibility of double-spend.  In fact, that possibility already is not negligible now. (Imagine that some hacker steals 500 kBTC from the US or Chinese government, who is determined to get them back.)

The risk of double-spend will be much higher in the "Small Bitcoin" CPU-only network, since an external agent could gain majority mining power with a relatively small investment.

I am making reference to the fact that your projected idea is improbable and unacceptable by existing network participants and that if any changes would be done to the network apart from the larger block size would be due to some unknown circumstance such that would compromise the BTC network as it is today.

Ultimately if the need presents itself the BTC network will face all challenges with consensus of network participants and not at the muse of someone who has little understanding as to what is involved in profitable mining.

If you are sincere in understanding why your speculative musings would not work in reality then as suggested, you should take this to a more appropriate part of the site as you will be properly schooled by those who are willing to help you in your search for understanding.

[bassclef]

Not my problem if you mentally ill mosquitoes keep yourselves in Life's waiting room forever.

[marcus_of_augustus]

You have failed to understand what consensus is when you refer to participants as rebels. ASIC tech and the "cartel" are at the mercy of the network participants not the other way around.

In essence making all existing ASIC use for BTC obsolete and make the old BTC network compromised and useless.

Sorry, I believe that you failed to understand.  All the ASIC and mining installations will remain perfectly usable with the 25 M chain, and would mine it because there would be no other chain that they can mine.

Ater the "Red Button" solution there will be two fully functional versions of bitcoin, but one will have a 300 PH/s network, the other will have a puny CPU network.  Even "hero miners" with older ASIC miners in the attic will be unable to come to the help of the second one.

BTC network used to fund accounts would be under suspicion of double spent coins due to the "cartel" having over 51% and closer to 100% network control.  BTC network as it was known will have become defunct.

Whether the attack succeeds or not, the concentration of hashing power in the "Big Bitcoin" network will be the same as it was before the fork point.  The change to the halving schedule will not affect the possibility of double-spend.  In fact, that possibility already is not negligible now. (Imagine that some hacker steals 500 kBTC from the US or Chinese government, who is determined to get them back.)

The risk of double-spend will be much higher in the "Small Bitcoin" CPU-only network, since an external agent could gain majority mining power with a relatively small investment.

yes jorge take it to the technical discussion section you coward.

[bassclef]

Price goes up $20 and suddenly double spends are happening and a mining cartel takeover is imminent.

Get a life guys, or at least take it to the technical development thread where you can share your fears in a thread that's not a troll-fest. Oh wait, there's no one to feed your narcissism there. It only counts as therapy if you're paying $200 an hour you know.

People in this forum are simply discussing some of the bitcoin narratives regardless of price movements and suddenly some dude comes and calls everything "FUD" by "trolls" and takes the discussion as a personal attack.

It's just that we've been over it. Again and again and again. To the point that it seems planned and manipulative, even if its not intended in that way.

[BlindMayorBitcorn]

Price goes up $20 and suddenly double spends are happening and a mining cartel takeover is imminent.

Get a life guys, or at least take it to the technical development thread where you can share your fears in a thread that's not a troll-fest. Oh wait, there's no one to feed your narcissism there. It only counts as therapy if you're paying $200 an hour you know.

People in this forum are simply discussing some of the bitcoin narratives regardless of price movements and suddenly some dude comes and calls everything "FUD" by "trolls" and takes the discussion as a personal attack.

It's just that we've been over it. Again and again and again. To the point that it seems planned and manipulative, even if its not intended in that way.

9 out of 10 lurkers would agree with this.

[luckygenough56]

been a long time without an exchange hacked or something i'm bored

[inca]

been a long time without an exchange hacked or something i'm bored

Give it a day or two. Support at 250 is gradually catching up with asks at 260.

[JimboToronto]

Why do Bitcoiners start double spacing their posts?

Because that's what civilized people do on forums and message boards to improve readability.

Otherwise you get walls of text.

Why do trolls always post over-sized images that increase scrolling?

Don't they know how to resize an image?

[paul2000]

This guy makes good points (read the other posts also):

https://twitter.com/patio11/status/583697371378257920

Basically, bitcoiners don't know how remittances actually work.

Of course it's more expensive to pull an automobile with a horse than only riding the horse.