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

[becoin]

So is everyone supposed to sell their coins and then repurchase them on Bitcoin XT?
And where do you go to buy Bitcoin XT coins?

Just on the contrary! If you buy bitcoins now will give the opportunity to spend same coins twice both on Bitcoin and XT networks in future if there is a split at all. So, if you buy 1 bitcoin now you actually buy 2 bitcoins if XT altcoin succeeds in being true alternative to bitcoin!

[Norway]

So is everyone supposed to sell their coins and then repurchase them on Bitcoin XT?
And where do you go to buy Bitcoin XT coins?

You need not do anything until the actual fork i.e. once 75% of miners are using XT. At that point, QT is unlikely to recover; miners will quickly switch to mining the longest chain (XT).

For regular users running Bitcoin software (i.e. a node), there's really no reason not to switch to XT (except as a not-taken-into-account protest vote). If XT wins, you'll be on XT. If XT doesn't achieve 75% or miner support, nothing changes.

Well what's all the hubbub about then? Sounds like a smooth transition. Nobody will know the difference. I can't believe people are so stubborn. They are disagreeing for the sake of disagreeing. In fear of "centralization"?
It sounds like a very decentralized process. But majority does rule.
I'm pro-fork.

Pro-fork here too. It's time to reorganize the dev power.
Over 4.5% of all nodes have allready upgraded to XT in support. (Yes, I know the hash power and not the number of nodes will make the decision next year.)
Watch the number of XT nodes grow here:
http://xtnodes.com/

[pleaseexplainagain]

So is everyone supposed to sell their coins and then repurchase them on Bitcoin XT?
And where do you go to buy Bitcoin XT coins?

You need not do anything until the actual fork i.e. once 75% of miners are using XT. At that point, QT is unlikely to recover; miners will quickly switch to mining the longest chain (XT).

For regular users running Bitcoin software (i.e. a node), there's really no reason not to switch to XT (except as a not-taken-into-account protest vote). If XT wins, you'll be on XT. If XT doesn't achieve 75% or miner support, nothing changes.

Well what's all the hubbub about then? Sounds like a smooth transition. Nobody will know the difference. I can't believe people are so stubborn. They are disagreeing for the sake of disagreeing. In fear of "centralization"?
It sounds like a very decentralized process. But majority does rule.
I'm pro-fork.

I think the reason for all the hubbub is because that with no federal bank running things it is important to people who are in bitcoin in part for that very reason
1.how consensus is reached incl how and by whom aspects are "sold' as being necessary/good and
2. what precedent it might set that lead us down a certain path
3. who after it all sorts out has their nose left out of joint and what action will they take

tldr - what happens over this matters

[Andre#]

I woke up to see the mess in https://www.reddit.com/r/Bitcoin/. I agree with Gavin and Mike, let the community decide.

[ChartBuddy]

Coin
Explanation

[gentlemand]

I woke up to see the mess in https://www.reddit.com/r/Bitcoin/. I agree with Gavin and Mike, let the community decide.

I hope a few people who've grown complacent have their fat arses handed to them.

[Meuh6879]

Pro-fork here too. It's time to reorganize the dev power.
Over 4.5% of all nodes have allready upgraded to XT in support.

5.1% : https://getaddr.bitnodes.io/dashboard/

[cyclotronmajesty]

So is everyone supposed to sell their coins and then repurchase them on Bitcoin XT?
And where do you go to buy Bitcoin XT coins?

Just on the contrary! If you buy bitcoins now will give the opportunity to spend same coins twice both on Bitcoin and XT networks in future if there is a split at all. So, if you buy 1 bitcoin now you actually buy 2 bitcoins if XT altcoin succeeds in being true alternative to bitcoin!

I don't think this is correct.

[ChartBuddy]

Coin
Explanation

[Jdj1727]

Is the dropping price a reflection of the fork issue, the supposed Satoshi email, all the ETH profits cashing out, or maybe a mixture of the three?

[redsn0w]

Is the dropping price a reflection of the fork issue, the supposed Satoshi email, all the ETH profits cashing out, or maybe a mixture of the three?

It's not an issue... it is like : more competition = a better service.  Sooner or later the block size should be increased. The speculation can't do nothing in this case....

[only]

... kind of sad seeing some of the herd get spooked into the banksters XT fork trap but Hearn has been a divisive sociopath from the day he showed up, so expelling him might be the upside to the inevitable costs of the mess him and Andresen are now intent on creating

amen.

[Erdogan]

Is the dropping price a reflection of the fork issue, the supposed Satoshi email, all the ETH profits cashing out, or maybe a mixture of the three?

Haha. Some block micromanist forked from a block just prior to 500 kB, now covertly trotting on with his FPGA miner... sold 5k coins from his suspected to be XT altcoin supply for microcoins true to sathoshi bitcoins. Must be an Elder Whale squared.

[ChartBuddy]

Coin
Explanation

[LFC_Bitcoin]

Disappointing that we've dropped below 260 USD. I can't see any reason for it other than people selling because they're worried about this potential fork. I don't trust Hearn one bit & it's pissing me off that one man & his little scheme seems to be having an effect on the price.

[Erdogan]

Disappointing that we've dropped below 260 USD. I can't see any reason for it other than people selling because they're worried about this potential fork. I don't trust Hearn one bit & it's pissing me off that one man & his little scheme seems to be having an effect on the price.

Yes but we love antifragility, which can only be learned the hard way.

[fonsie]

Disappointing that we've dropped below 260 USD. I can't see any reason for it other than people selling because they're worried about this potential fork. I don't trust Hearn one bit & it's pissing me off that one man & his little scheme seems to be having an effect on the price.

The beauty is that you don't need to trust him, just look at the code, if you like it switch to XT, if not do nothing. If the fork actually happens, it would have seem that more people liked his proposal the most.

If consensus can't be reached amongst devs, this is a perfect solution to let people decide.

[redsn0w]

Disappointing that we've dropped below 260 USD. I can't see any reason for it other than people selling because they're worried about this potential fork. I don't trust Hearn one bit & it's pissing me off that one man & his little scheme seems to be having an effect on the price.

The beauty is that you don't need to trust him, just look at the code, if you like it switch to XT, if not do nothing. If the fork actually happens, it would have seem that more people liked his proposal the most.

If consensus can't be reached amongst devs, this is a perfect solution to let people decide.

It is obvious that it is impossible to reach a consensus of 100% , the remaining part will join or abandon btc.

[ImI]

I woke up to see the mess in https://www.reddit.com/r/Bitcoin/. I agree with Gavin and Mike, let the community decide.

How? In the end its just the handful of pools who will decide.

[Erdogan]

We have actually not seen any total node count increase.

If you have a half decent machine, and a half decent link, you can do it. Just download the binaries, unpack and run. No configuration.

If your machine is ticklish, you might hear the fans enjoy themselves every time a new block is found. After a while, check the number of connections. If it is only 8, you might consider doing some configuration work on your home router.

Extra bonus: It runs ipv6 out of the box. You can brag about it.