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

[TerraMaster]

this was the final push down, now it's becoming clear either BIP100 or BIP101 will win and SOON, with block limit raised we will finally stop talking about forking bitcoin and how this will lead to XYZ bad bad bad fud fud fud.

Mike and Gavin are set on pushing their version on us so the only option is two side by side chains ~ if you try to tell me there is lack of mining power to support both i'll laugh so hard ! :-)  ~good times bud

I'm almost to the point of saying what the hell" lets do it... XT, I mean right now at these tanking prices what do we have to lose   From a mining perspective right now I don't really care which chain I am mining on. the end results are still the same. But its hard to say goodbye to the core that is and has and always will be the true Bitcoin.  

But at the same time the geek in me says, nothing stays the same and if there is to be progress technologically, there has to be change. Lets just hope XT meets the needs and people keep their fingers away from the core code once the new chain takes over. And come up with a better consensus method.

[ImI]

this was the final push down, now it's becoming clear either BIP100 or BIP101 will win and SOON, with block limit raised we will finally stop talking about forking bitcoin and how this will lead to XYZ bad bad bad fud fud fud.

Mike and Gavin are set on pushing their version on us so the only option is two side by side chains ~ if you try to tell me there is lack of mining power to support both i'll laugh so hard ! :-)  ~good times bud

there's a lack of willingness to mine both.

also Mike and Gavin's XT version is the least popular vote.

implement bip100 or 8GB fixed and nobody gives a shit about mike and friends anymore.

[adamstgBit]

[Fakhoury]

ok time to make a wish

i wish that tomorrow we see >51% support on BIP101 or 100 or wtv

market will take this as consensus will soon be reached, and start buying

resistance all the way back up to 260 will be crazy thin

after recovering all the loses from this flash crashing we'll inexplicably start challenging 270 then 280

then ETF comes online as if from nowhere BOOM 32,000$ / bitcoin

I prefer you take your red wine glass, go offline for like 1-2 years, take a road-trip through out the world and then come back

[Fakhoury]

this was the final push down, now it's becoming clear either BIP100 or BIP101 will win and SOON, with block limit raised we will finally stop talking about forking bitcoin and how this will lead to XYZ bad bad bad fud fud fud.

Mike and Gavin are set on pushing their version on us so the only option is two side by side chains ~ if you try to tell me there is lack of mining power to support both i'll laugh so hard ! :-)  ~good times bud

there's a lack of willingness to mine both.

also Mike and Gavin's XT version is the least popular vote.

implement bip100 or 8GB fixed and nobody gives a shit about mike and friends anymore.

Iml, could you please tell me more about bib100 and 101 and is there a kind of a website where these bips are found, catogrized and have information about, maybe a repo. ?!

[_javi_]

confidence takes time to be build..  BTC may be volatile, but this is plain stupid...

all this drama about block size and flash crashes are not good for BTC... not good.

as if this was a game... back to start we go!

enjoy your cheap coins.. whoever wanted them.

[ImI]

http://themerkle.com/news/current-state-of-the-blocksize-debate-bip-100-vs-bip-101/

[ChartBuddy]

Coin
Explanation

[TerraMaster]

Make no doubt this could be the great opportunity to buy in on some cheap coins. (ya we have heard this before)  but this is a special price

This drop also is trailing along with the stock market sliding. I don't think its as much to do with the actual mechanics of the larger block size XT and so on. Its more the fud and debate combined with the global economic status that's hurting price atm. People will sort their funds all out soon and all fronts should level back up.  It has to  

[yefi]

What are we going to do with our time on the internet now?

A good question. Guess it would be the gym sock for me!

[nexern]

This is what happens, when people try to force a contentious hard fork.

Btw miners will mine both because they will both have economic value and money is to be made.

Two separate chains is a very realistic possibility and gets more likely as time goes by. Both sides are becoming more entrenched in their positions and refuse to back down. The arguments are getting more heated and angry.

won't happen. printing new business cards just to change core developer to altcoin developer is way to expensive.
core will do 101 after an appropriate cool down phase (weeks) to keep as much face as possible.

[Fakhoury]

http://themerkle.com/news/current-state-of-the-blocksize-debate-bip-100-vs-bip-101/

Thank you.

Don't know where I can find a repo. or something displaying ALL bitcoin bips ?

[dreamspark]

One thing is for sure and you can quote me on this later. This whole XT mess will go away at some point when all the devs get together and sort it out, agree to future pull requests etc. When that happens god help the shorts.

That will never happen until Blockstream is removed from the equation.

Missed this in the mele.

Ummmm, nope. It's far more likely that XT will be rejected and a consensus reached on an alternative.

BIP 100 already has 25% of the hashing power currently backing it.

[TerraMaster]

This is what happens, when people try to force a contentious hard fork.

Btw miners will mine both because they will both have economic value and money is to be made.

Two separate chains is a very realistic possibility and gets more likely as time goes by. Both sides are becoming more entrenched in their positions and refuse to back down. The arguments are getting more heated and angry.

won't happen. printing new business cards just to change core developer to altcoin developer is way to expensive.
core will do 101 after an appropriate cool down phase (weeks) to keep as much face as possible.

In reality it is an Altcoin, and I have said that before.. only this Alt will be the one that replaces bitcoin, where no other alt could come close,,, (as many alts have aspired to be) and this alt gets to keep the name Bitcoin as a prize  

[billyjoeallen]

So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?

[dreamspark]

So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?

Forget XT, it's not going to happen. Some version of bip 100 will likely be chosen. XT is a coup to produce some action.

Production cost is still below current price.

If big enough mines start shutting down you should be far more worried about Bitcoin dying due to how long it would take to find a block than what client is currently running.

[JimboToronto]

is crypto done??  

Are you retarded somehow ?  Posting the same questions since weeks ....

You just noticed?

[TerraMaster]

is crypto done??  

Are you retarded somehow ?  Posting the same questions since weeks ....

You just noticed?

lol 

[JimboToronto]

how do ya feel permabulls?  

Not quite as good as the middle of January.

Now that was a really good buying opportunity.

This came close.

[adamstgBit]

So when the price drops so low that everyone is mining at a loss, how many mines will shut down, how many will run cripplecode and how many will run XT?

Forget XT, it's not going to happen. Some version of bip 100 will likely be chosen. XT is a coup to produce some action.

Production cost is still below current price.

If big enough mines start shutting down you should be far more worried about Bitcoin dying due to how long it would take to find a block than what client is currently running.

dosnt feel planned out or anything but that appears to be what happened.