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

[kehtolo]

http://blog.blockchain.com/wp-content/uploads/2015/08/Industry-Block-Size-letter-All-Signed.pdf i came across this.pls i am a newbie.is this true? if yes,then 1] does that mean the bitcoin price will be bearish or bullish? 2]after the so called conference in canada will the price of bitcoin be bearish or bullish? thank you!

Fairly certain it's true - it's the first time I've seen the actual letter, but I know that the signatories support BIP101.

1. I believe it's already been "priced in", and that it is, in part, the reason for the price stagnation over the past several weeks.

2. That depends on the outcome of the meeting! e.g. if the meeting finishes with no consensus, I'd view it as bearish. If the meeting ends with everyone hugging - well, that'd be bullish!

My opinion only, others may (will!) disagree, don't bet your house on anything I say!

thanks a lot!!!.i wanted to ask how can 1 be following the events of the meeting in canada on monday or will it be held closed doors? thank you. 

just to answer you.. head on over to coindesk.. they're live blogging it..  i can't guarantee how exciting it is going to be however...

http://www.coindesk.com/live-blog-consensus-2015-as-it-happens/

Also on twitter with the hashtag: #Consensus2015

[Norway]

http://blog.blockchain.com/wp-content/uploads/2015/08/Industry-Block-Size-letter-All-Signed.pdf i came across this.pls i am a newbie.is this true? if yes,then 1] does that mean the bitcoin price will be bearish or bullish? 2]after the so called conference in canada will the price of bitcoin be bearish or bullish? thank you!

Fairly certain it's true - it's the first time I've seen the actual letter, but I know that the signatories support BIP101.

1. I believe it's already been "priced in", and that it is, in part, the reason for the price stagnation over the past several weeks.

2. That depends on the outcome of the meeting! e.g. if the meeting finishes with no consensus, I'd view it as bearish. If the meeting ends with everyone hugging - well, that'd be bullish!

My opinion only, others may (will!) disagree, don't bet your house on anything I say!

thanks a lot!!!.i wanted to ask how can 1 be following the events of the meeting in canada on monday or will it be held closed doors? thank you. 

just to answer you.. head on over to coindesk.. they're live blogging it..  i can't guarantee how exciting it is going to be however...

http://www.coindesk.com/live-blog-consensus-2015-as-it-happens/

Also on twitter with the hashtag: #Consensus2015

Or just grab some popcorn and click this link on saturday:
https://scalingbitcoin.org/montreal2015/live

[meyer lansky]

i like the the members here-especially the senior and hero members. i feel good that you guys want we newbies to grow.it's exhilarating . thanks in a ''trillion'' of BITCOINS to you all!! and again thanks for the ever satisfying prompt answers.thank you!

[ChartBuddy]

Coin
Explanation

[ssmc2]

Forgive me if this has been posted, but this is one of the best articles I've seen recently-

http://www.forbes.com/sites/laurashin/2015/09/09/bitcoins-shared-ledger-technology-moneys-new-operating-system/2/

[koryu]

1week candle just turned green. ccmf!

[kromtar]

double digit... rip bitcoin... doom... bla bla bla... 

[LFC_Bitcoin]

1week candle just turned green. ccmf!

Let's see if the price moves up significantly then, I doubt it for some reason. We've been stuck in this depressingly low range for way too long. Something needs to give us a boost but what........

[ChartBuddy]

Coin
Explanation

[meyer lansky]

http://blog.blockchain.com/wp-content/uploads/2015/08/Industry-Block-Size-letter-All-Signed.pdf i came across this.pls i am a newbie.is this true? if yes,then 1] does that mean the bitcoin price will be bearish or bullish? 2]after the so called conference in canada will the price of bitcoin be bearish or bullish? thank you!

Fairly certain it's true - it's the first time I've seen the actual letter, but I know that the signatories support BIP101.

1. I believe it's already been "priced in", and that it is, in part, the reason for the price stagnation over the past several weeks.

2. That depends on the outcome of the meeting! e.g. if the meeting finishes with no consensus, I'd view it as bearish. If the meeting ends with everyone hugging - well, that'd be bullish!

My opinion only, others may (will!) disagree, don't bet your house on anything I say!

thanks a lot!!!.i wanted to ask how can 1 be following the events of the meeting in canada on monday or will it be held closed doors? thank you.  

just to answer you.. head on over to coindesk.. they're live blogging it..  i can't guarantee how exciting it is going to be however...

http://www.coindesk.com/live-blog-consensus-2015-as-it-happens/

Also on twitter with the hashtag: #Consensus2015

hmmmmmm.......since i am afraid that bitcoinXT will be supported,''Bitcoin XT contains an unmentioned addition which periodically downloads lists of Tor IP addresses for blacklisting...... ''https://bitcointalk.org/index.php?topic=1162684.20'' .the main characteristic feature-anonymity of bitcoin will be dead....truly not all that glitters is gold!

[paul2000]

So... CoinWallet.eu stress test "cancelled"? Actually, they're just shifting the blame on to the community by giving away "free money": https://bitcointalk.org/index.php?topic=1175321

26 tx/s wtf



https://tradeblock.com/bitcoin

[billyjoeallen]

1week candle just turned green. ccmf!

as the weekly MACD turned negative. We may go up a little from hear, but I'm looking for an exit point.

[ChartBuddy]

Coin
Explanation

[Norway]

That guy in the illustration must be me!

[billyjoeallen]

hmmmmmm.......since i am afraid that bitcoinXT will be supported,''Bitcoin XT contains an unmentioned addition which periodically downloads lists of Tor IP addresses for blacklisting...... ''https://bitcointalk.org/index.php?topic=1162684.20'' .the main characteristic feature-anonymity of bitcoin will be dead....truly not all that glitters is gold!

Geez, Newbie. It's a trivial matter to turn off the I.P. "blacklisting". It's just a feature for nodes that don't want to deal with slow-ass onion routing.

These objections to larger block sizes seem disingenuous. It appears to be just a miner power grab, and a wrong-headed one at that. The real way to create a market for miner fees is to expand adoption, not squeeze the current users.   

[ChartBuddy]

Coin
Explanation

[Norway]

hmmmmmm.......since i am afraid that bitcoinXT will be supported,''Bitcoin XT contains an unmentioned addition which periodically downloads lists of Tor IP addresses for blacklisting...... ''https://bitcointalk.org/index.php?topic=1162684.20'' .the main characteristic feature-anonymity of bitcoin will be dead....truly not all that glitters is gold!

Geez, Newbie. It's a trivial matter to turn off the I.P. "blacklisting". It's just a feature for nodes that don't want to deal with slow-ass onion routing.

These objections to larger block sizes seem disingenuous. It appears to be just a miner power grab, and a wrong-headed one at that. The real way to create a market for miner fees is to expand adoption, not squeeze the current users.  

Agreed. But miners are pro larger blocks (The chinese miners got together and proposed 8 MB some weeks ago).

Only some of the Core devs are against. And probably some hidden interests, like banks, Visa/MC or Western Union.

[Cconvert2G36]

So... CoinWallet.eu stress test "cancelled"? Actually, they're just shifting the blame on to the community by giving away "free money": https://bitcointalk.org/index.php?topic=1175321

Stress test is a go.

Bonus points for Antpool mining every single block in the last hour.

[hdbuck]

Bitcoin dripping into the abyss...

[brg444]

hmmmmmm.......since i am afraid that bitcoinXT will be supported,''Bitcoin XT contains an unmentioned addition which periodically downloads lists of Tor IP addresses for blacklisting...... ''https://bitcointalk.org/index.php?topic=1162684.20'' .the main characteristic feature-anonymity of bitcoin will be dead....truly not all that glitters is gold!

Geez, Newbie. It's a trivial matter to turn off the I.P. "blacklisting". It's just a feature for nodes that don't want to deal with slow-ass onion routing.

These objections to larger block sizes seem disingenuous. It appears to be just a miner power grab, and a wrong-headed one at that. The real way to create a market for miner fees is to expand adoption, not squeeze the current users.  

Erhmmm  

How's that supposed to work? How many "blockspace" do I get for 1 bitcoin?

Easy. 1/21,000,000th of the whole chain.  I answered your question, now you answer mine. If I'm not buying space on the blockchain when I'm buying bitcoin, what am I buying?