Bitcoin Forum
November 17, 2024, 11:09:11 PM *
News: Check out the artwork 1Dq created to commemorate this forum's 15th anniversary
 
   Home   Help Search Login Register More  
Poll
Question: Price Target for Nov. 30, 2024:
<$75K - 3 (3.8%)
$75K to $80K - 1 (1.3%)
$80K to $85K - 2 (2.5%)
$85K to $90K - 9 (11.4%)
$90K to $95K - 12 (15.2%)
$95K to $100K - 12 (15.2%)
>$100K - 40 (50.6%)
Total Voters: 79

Pages: « 1 ... 13114 13115 13116 13117 13118 13119 13120 13121 13122 13123 13124 13125 13126 13127 13128 13129 13130 13131 13132 13133 13134 13135 13136 13137 13138 13139 13140 13141 13142 13143 13144 13145 13146 13147 13148 13149 13150 13151 13152 13153 13154 13155 13156 13157 13158 13159 13160 13161 13162 13163 [13164] 13165 13166 13167 13168 13169 13170 13171 13172 13173 13174 13175 13176 13177 13178 13179 13180 13181 13182 13183 13184 13185 13186 13187 13188 13189 13190 13191 13192 13193 13194 13195 13196 13197 13198 13199 13200 13201 13202 13203 13204 13205 13206 13207 13208 13209 13210 13211 13212 13213 13214 ... 33952 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26497465 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. (174 posts by 3 users with 9 merit deleted.)
abercrombie
Legendary
*
Offline Offline

Activity: 1159
Merit: 1001



View Profile
August 24, 2015, 06:23:19 PM

is crypto done??  Huh

kenji
Sr. Member
****
Offline Offline

Activity: 448
Merit: 255



View Profile
August 24, 2015, 06:23:34 PM

i never ever thought that 2 persons had so much influence about bitcoin to destroy it Shocked
Master mind
Hero Member
*****
Offline Offline

Activity: 691
Merit: 500


View Profile
August 24, 2015, 06:25:16 PM

starting to think there no need to increase block size limit because bitcoin will soon not be used at all

Soon 1 BTC 1 cent
conspirosphere.tk
Legendary
*
Offline Offline

Activity: 2352
Merit: 1064


Bitcoin is antisemitic


View Profile
August 24, 2015, 06:25:32 PM

this morring the news was this http://blog.blockchain.com/2015/08/24/industry-endorses-bigger-blocks-and-bip101/

and the price crashed

the more XT is pushed the more the price will fall?

this kinda feels like the SR crash... something first viewed as a negative will actually pave the way to greater adoption

The "industry" is a bunch of VCs and scam artists bent on monopolize or take their slice -the larger, the better. Why they're into Gavincoins should be obvious.
Either BTC is of the ppl, by the ppl, for the ppl, or it's their toy.

SR crash was a totally different story, and quite coincident with the goxxing.
Moria843
Sr. Member
****
Offline Offline

Activity: 442
Merit: 250


Found Lost beach - quiet now


View Profile
August 24, 2015, 06:27:12 PM

If everyone keeps selling BTC and Apple I'll soon own most of both. Then I can use the $150 Billion of Apple cash to buy BTC. Maybe then the BTC price will go up.
becoin
Legendary
*
Offline Offline

Activity: 3431
Merit: 1233



View Profile
August 24, 2015, 06:27:17 PM

i never ever thought that 2 persons had so much influence about bitcoin to destroy it Shocked
It's not 2 persons. It's 2 agencies behind those 2 persons.
spooderman
Legendary
*
Offline Offline

Activity: 1652
Merit: 1029


View Profile WWW
August 24, 2015, 06:30:33 PM

If everyone keeps selling BTC and Apple I'll soon own most of both. Then I can use the $150 Billion of Apple cash to buy BTC. Maybe then the BTC price will go up.

Nice.

buying
Fakhoury
Legendary
*
Offline Offline

Activity: 1386
Merit: 1027


Permabull Bitcoin Investor


View Profile
August 24, 2015, 06:32:25 PM

Elwar
Legendary
*
Offline Offline

Activity: 3598
Merit: 2386


Viva Ut Vivas


View Profile WWW
August 24, 2015, 06:33:51 PM

I'm still buying and holding. Am I the only one buying today?

Transferred several thousand to the exchange Friday...still waiting for it to go through.
chromosoma
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
August 24, 2015, 06:40:26 PM

Still mining Bitcoins with this new methode!
 https://www.youtube.com/watch?v=kd8dvgErQ14
Fatman3001
Legendary
*
Offline Offline

Activity: 1554
Merit: 1014


Make Bitcoin glow with ENIAC


View Profile
August 24, 2015, 06:44:26 PM

starting to think there no need to increase block size limit because bitcoin will soon not be used at all

Despair?

JorgeStolfi
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1003



View Profile
August 24, 2015, 06:47:25 PM

Other than the spam attack average block size at around 0.4 MB.  Absolutely no where near full blocks

If you look at the last 2 years you will see that the daily average it has doubled in the last 12 months.  Even if the growth is linear rather than exponential, if it continues at that pace it will be 0.60  MB/block by mid-2016.

On the other hand, the stress tests showed that the actual capacity of the network is only 0.75 MB/block.  And since traffic is not uniform over the day and over the week, there will start to be recurrent "traffic jams" well before the traffic reaches capacity; maybe as soon as mid-2016.

Moreover, a "spam attack" now is very cheap because the attacker only needs to generate more than the average free capacity, that is 0.35 MB/block, to create a permanent traffic jam.  By mid-2016, he will need only 0.15 MB/block.

The Blockstream devs know this, for sure.  Why don't they care?

Quote
let alone blocks 18 times bigger than the current.

The blocks will not get 18 times bigger with BIP101.  The will continue to be 0.40 MB now, and will continue to grow at the same pace as they would with 1 MB limit.  The effect of BIP101 will start to be felt only sometime in the first half of 2016, when traffic will get to 0.55 MB/block close to the 0.75 MB capacity.  With the 1 MB limit, there would start to be recurrent jams and long waits; whereas, with the 8 MB limit, the traffic will just continue growing beyond that value, at its natural rate, and maybe reach 1 MB/block in 2017.

Quote
Most of the space is spam and dust anyway so even if we had full blocks the correct fee would get your transaction through no problem.  

That is true.  If a minimum fee of (say) 0.001 BTC = 0.20 USD was imposed on each transaction, the traffic would probably drop by 80% or more, and the block size limit would not be a pressing issue for a couple of years, at least.  But neither camp wants to see hat, for several reasons...
Master mind
Hero Member
*****
Offline Offline

Activity: 691
Merit: 500


View Profile
August 24, 2015, 06:50:54 PM

Why we can not see all BTC buy orders on exchanges ??
adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1037


Trusted Bitcoiner


View Profile WWW
August 24, 2015, 06:52:11 PM

talk about block size limit is getting more and more Insane. conspiracy theories everywhere!
inca
Legendary
*
Offline Offline

Activity: 1176
Merit: 1000


View Profile
August 24, 2015, 06:53:15 PM

Other than the spam attack average block size at around 0.4 MB.  Absolutely no where near full blocks

If you look at the last 2 years you will see that the daily average it has doubled in the last 12 months.  Even if the growth is linear rather than exponential, if it continues at that pace it will be 0.60  MB/block by mid-2016.

On the other hand, the stress tests showed that the actual capacity of the network is only 0.75 MB/block.  And since traffic is not uniform over the day and over the week, there will start to be recurrent "traffic jams" well before the traffic reaches capacity; maybe as soon as mid-2016.

Moreover, a "spam attack" now is very cheap because the attacker only needs to generate more than the average free capacity, that is 0.35 MB/block, to create a permanent traffic jam.  By mid-2016, he will need only 0.15 MB/block.

The Blockstream devs know this, for sure.  Why don't they care?

Quote
let alone blocks 18 times bigger than the current.

The blocks will not get 18 times bigger with BIP101.  The will continue to be 0.40 MB now, and will continue to grow at the same pace as they would with 1 MB limit.  The effect of BIP101 will start to be felt only sometime in the first half of 2016, when traffic will get to 0.55 MB/block close to the 0.75 MB capacity.  With the 1 MB limit, there would start to be recurrent jams and long waits; whereas, with the 8 MB limit, the traffic will just continue growing beyond that value, at its natural rate, and maybe reach 1 MB/block in 2017.

Quote
Most of the space is spam and dust anyway so even if we had full blocks the correct fee would get your transaction through no problem.  

That is true.  If a minimum fee of (say) 0.001 BTC = 0.20 USD was imposed on each transaction, the traffic would probably drop by 80% or more, and the block size limit would not be a pressing issue for a couple of years, at least.  But neither camp wants to see hat, for several reasons...

Yep it seems to be widely promulgated by 'small blockers' that increasing the max_blocksize will immediately lead to 8mb blocks and instant centralisation of bitcoin nodes.

Shorts up to 19,655 on finex now.
LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 3724
Merit: 10484


#1 VIP Crypto Casino


View Profile
August 24, 2015, 06:55:11 PM

I'm still buying and holding. Am I the only one buying today?

I'm still here brother. HODLING for at least 5, maybe 10+ years.
Going to buy another 3 or 4 bitcoins Friday on payday, you have to at these prices.

When there's blood in the streets --------> BUY
Master mind
Hero Member
*****
Offline Offline

Activity: 691
Merit: 500


View Profile
August 24, 2015, 06:55:30 PM

talk about block size limit is getting more and more Insane. conspiracy theories everywhere!

Soon will be all millions of lost btc on exchange  Grin
adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1037


Trusted Bitcoiner


View Profile WWW
August 24, 2015, 06:56:24 PM

I'm still buying and holding. Am I the only one buying today?

I'm still here brother. HODLING for at least 5, maybe 10+ years.
Going to buy another 3 or 4 bitcoins Friday on payday, you have to at these prices.

how can you hodl when bitcoins future hangs in the balance

the sky is falling!
LFC_Bitcoin
Legendary
*
Offline Offline

Activity: 3724
Merit: 10484


#1 VIP Crypto Casino


View Profile
August 24, 2015, 06:57:32 PM

I'm still buying and holding. Am I the only one buying today?

I'm still here brother. HODLING for at least 5, maybe 10+ years.
Going to buy another 3 or 4 bitcoins Friday on payday, you have to at these prices.

how can you hodl when bitcoins future hangs in the balance

the sky is falling!

Leave the FUD alone Adam. Be strong when those around you are weak.
gentlemand
Legendary
*
Offline Offline

Activity: 2590
Merit: 3015


Welt Am Draht


View Profile
August 24, 2015, 06:57:46 PM


how can you hodl when bitcoins future hangs in the balance

the sky is falling!

Pah. I am an ICE MAN. Or I just don't give much of a shit any more. Hard to tell.
Pages: « 1 ... 13114 13115 13116 13117 13118 13119 13120 13121 13122 13123 13124 13125 13126 13127 13128 13129 13130 13131 13132 13133 13134 13135 13136 13137 13138 13139 13140 13141 13142 13143 13144 13145 13146 13147 13148 13149 13150 13151 13152 13153 13154 13155 13156 13157 13158 13159 13160 13161 13162 13163 [13164] 13165 13166 13167 13168 13169 13170 13171 13172 13173 13174 13175 13176 13177 13178 13179 13180 13181 13182 13183 13184 13185 13186 13187 13188 13189 13190 13191 13192 13193 13194 13195 13196 13197 13198 13199 13200 13201 13202 13203 13204 13205 13206 13207 13208 13209 13210 13211 13212 13213 13214 ... 33952 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!