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

[Xiaoxiao]

Who is the owner of Chart Buddy?

[Cconvert2G36]

The recent shorts were wiped out on Bitfinex yesterday.

I wouldn't call stopping out 20+% of shorts with a 5% price increase all that encouraging. If they were adding... that would be very bullish.

Who is the owner of Chart Buddy?

Richy_T

[Cconvert2G36]

XT as a threat, a manifestation of the frustration with perceived/real intransigence on the maxblocksize question from core devs, has done what it was intended to do... 1MB crowd got rekt, along with 20MB dreamers, and a compromise appears to be cresting the horizon. Jeff Garzik was right all along, sad it took a bunch of drama to get here. It was also a demonstration that the choice lies with the miners, which it absolutely does.

[HostFat]

Thoughts from Russia on the block size situation and Blockstream
https://bitcointalk.org/index.php?topic=1164828.0

[Cconvert2G36]

Thoughts from Russia on the block size situation and Blockstream
https://bitcointalk.org/index.php?topic=1164828.0

It simply delegates control to the admin of the pool node, where it has always been. XT (and diverting hashes towards your interest), has shown that a chance to exit does exist. I assume that miners and yes, even "gasp", blockstream, does want increased usage in general. You either think that our interests will eventually align, or you don't, and you sell nao. Time to rally behind a solution that actually does increase the maxblocksize. (And yes it is in the miners' best interests (now) to grow the number of transactions while a subsidy exists to facilitate it.)

[aztecminer]

XT as a threat, a manifestation of the frustration with perceived/real intransigence on the maxblocksize question from core devs, has done what it was intended to do... 1MB crowd got rekt, along with 20MB dreamers, and a compromise appears to be cresting the horizon. Jeff Garzik was right all along, sad it took a bunch of drama to get here. It was also a demonstration that the choice lies with the miners, which it absolutely does.

bitcoin is going to fail.. miners should not control the block size.. bitcoin becomes pointless.. may as well keep the debit card system we already have if mining companies are controlling and making a profit on fees.... now i understand why i planning on eating pasta with a fork.... XT loses because of the "blockchain blacklists" .. this blockchain fork is all about losing atm.

[billyjoeallen]

XT as a threat, a manifestation of the frustration with perceived/real intransigence on the maxblocksize question from core devs, has done what it was intended to do... 1MB crowd got rekt, along with 20MB dreamers, and a compromise appears to be cresting the horizon. Jeff Garzik was right all along, sad it took a bunch of drama to get here. It was also a demonstration that the choice lies with the miners, which it absolutely does.

It's not over and the choice doesn't lay with the miners. It lays with the market, with the people who decide to invest in this project or not. Nobody is going to dump a billion dollars into bitcoin currency and infrastructure knowing they can be held hostage by miners at any time.  BIP100 does not do enough to allay those fears.

Miners need to be fucking broken to get it into their fat heads that we don't want to buy cripplecoins. I'm selling any pump and not buying back until they grok the situation.

You don't like mining without fees? Try mining $100 coins.  Who run Bartertown? I run Bartertown.

[ChartBuddy]

Coin
Explanation

[Cconvert2G36]

XT as a threat, a manifestation of the frustration with perceived/real intransigence on the maxblocksize question from core devs, has done what it was intended to do... 1MB crowd got rekt, along with 20MB dreamers, and a compromise appears to be cresting the horizon. Jeff Garzik was right all along, sad it took a bunch of drama to get here. It was also a demonstration that the choice lies with the miners, which it absolutely does.

It's not over and the choice doesn't lay with the miners. It lays with the market, with the people who decide to invest in this project or not. Nobody is going to dump a billion dollars into bitcoin currency and infrastructure knowing they can be held hostage by miners at any time.  BIP100 does not do enough to allay those fears.

Miners need to be fucking broken to get it into their fat heads that we don't want to buy cripplecoins. I'm selling any pump and not buying back until they grok the situation.

You don't like mining without fees? Try mining $100 coins.  Who run Bartertown? I run Bartertown.

You and the 13% of nodes that XT topped out at? Time to make a compromise, or sell, I'm pretty sure the market can stand your frustration dumpage. The argument and subsequent arrival of XT showed the core devs they don't live in a vacuum, and you should be happy about it.

Edit: Very poor decision by Hearn to include anything else in XT, gasoline to a(n) (imaginary) fire that already existed about his real motives.

[aztecminer]

XT as a threat, a manifestation of the frustration with perceived/real intransigence on the maxblocksize question from core devs, has done what it was intended to do... 1MB crowd got rekt, along with 20MB dreamers, and a compromise appears to be cresting the horizon. Jeff Garzik was right all along, sad it took a bunch of drama to get here. It was also a demonstration that the choice lies with the miners, which it absolutely does.

It's not over and the choice doesn't lay with the miners. It lays with the market, with the people who decide to invest in this project or not. Nobody is going to dump a billion dollars into bitcoin currency and infrastructure knowing they can be held hostage by miners at any time.  BIP100 does not do enough to allay those fears.

Miners need to be fucking broken to get it into their fat heads that we don't want to buy cripplecoins. I'm selling any pump and not buying back until they grok the situation.

You don't like mining without fees? Try mining $100 coins.  Who run Bartertown? I run Bartertown.

+1 bear troll fud all the waaaay! cripplecoin is here! .. it might go double digits once everyone figures out what is happening .

[billyjoeallen]

You and the 13% of nodes that XT topped out at? Time to make a compromise, or sell, I'm pretty sure the market can stand your frustration dumpage. The argument and subsequent arrival of XT showed the core devs they don't live in a vacuum, and you should be happy about it.

You think XT has topped out already? What happens when the group hug in Canada produces no results as they explicitly said there won't be proposals even discussed much less decided on. How many XT nodes then? Then What if Honk Kong produces no results? You still think XT will have topped out at 13%? 

8MB IS the compromise. I already explained why we don't need a software limit at all because miners are already incentivized to keep blocks small enough to propagate.  I also do not accept that a one time increase helps in the long term.  Markets do not like uncertainty. 

How many nodes will be running XT when we hit the 7tx/sec limit? What about a day after that? As I've said all along, if you don't like XT, fine. Give us something that scales or I will find a better cryptocoin to invest in.

[aztecminer]

billyjoe ... XT is dead.. as soon as the gun industry finds out about the "blockchain blacklists" bitcoin problems will just be getting started. what they are programing in is the ability to sanction anyone.. individuals, companies, states .. and it will be used as a tool to intimidate gun owners.. that code is the death of bitcoin.

[Cconvert2G36]

You and the 13% of nodes that XT topped out at? Time to make a compromise, or sell, I'm pretty sure the market can stand your frustration dumpage. The argument and subsequent arrival of XT showed the core devs they don't live in a vacuum, and you should be happy about it.

You think XT has topped out already? What happens when the group hug in Canada produces no results as they explicitly said there won't be proposals even discussed much less decided on. How many XT nodes then? Then What if Honk Kong produces no results? You still think XT will have topped out at 13%? 

8MB IS the compromise. I already explained why we don't need a software limit at all because miners are already incentivized to keep blocks small enough to propagate.  I also do not accept that a one time increase helps in the long term.  Markets do not like uncertainty. 

How many nodes will be running XT when we hit the 7tx/sec limit? What about a day after that? As I've said all along, if you don't like XT, fine. Give us something that scales or I will find a better cryptocoin to invest in.

The cripplecoiners are ceding ground as we speak... Don't let the perfect become the enemy of the good. I'm not willing to trust the future of bitcoin to Mike Hearn, same as I don't trust it to Blockstream, the market (in all its facets) can and will make the decision.

[billyjoeallen]

billyjoe ... XT is dead.. as soon as the gun industry finds out about the "blockchain blacklists" bitcoin problems will just be getting started. what they are programing in is the ability to sanction anyone.. individuals, companies, states .. and it will be used as a tool to intimidate gun owners.. that code is the death of bitcoin.

As I understand it, there is a switch you can use to turn off the I.P. restrictions. Regardless, as I've said before, I'm not married to XT or G & H. I'm committed to scaling the network. 

No scale? No sale.

Scale or die.

[bitcoin1992]

What's the general sentiment around here today? Are we going to try another attempt at 240 or are we dropping down below 220?

[aztecminer]

billyjoe ... XT is dead.. as soon as the gun industry finds out about the "blockchain blacklists" bitcoin problems will just be getting started. what they are programing in is the ability to sanction anyone.. individuals, companies, states .. and it will be used as a tool to intimidate gun owners.. that code is the death of bitcoin.

As I understand it, there is a switch you can use to turn off the I.P. restrictions. Regardless, as I've said before, I'm not married to XT or G & H. I'm committed to scaling the network.  

No scale? No sale.

Scale or die.

+1 i agree with you.. scale or die.... however.. right now both sides are big fail .. they should never put in that "blockchain blacklist" code.. that was a total stupid move.. maybe they should stop brushing their teeth with flouride maybe they would be able to see more clearly how that is going to totally fail. the ip thing is just the beginning of something they will finish building later on down the road.. they are slipping in the foundation of what they are attempting to build... we can always get around an ip ban... it will be wallet addresses they will blacklist later on ... cats out the bag now.

[billyjoeallen]

What's the general sentiment around here today? Are we going to try another attempt at 240 or are we dropping down below 220?

My guess is we're going nowhere unless some miracle happens and criplecoiners see the light or some macroeconomic disaster strikes.

[ChartBuddy]

Coin
Explanation

[aztecminer]

What's the general sentiment around here today? Are we going to try another attempt at 240 or are we dropping down below 220?

bitcoin will be going to double digits soon because bitcoin is caught in the crunch and we're about to eat pasta with a fork .. and bitfinix will collapse when we do .

[KFR]

What's the general sentiment around here today? Are we going to try another attempt at 240 or are we dropping down below 220?

My guess is we're going nowhere unless some miracle happens and criplecoiners see the light or some macroeconomic disaster strikes.

You know I think we get your position by now.

You personally (aka "the market") aren't happy and until everyone does it your way the whole world is full of idiots that just don't grok the universe like you do.