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

[EsBitcoin.org]

Core still winning:

Poll
Question:   Core Vs XT
XT   - 124 (29.5%)
Core   - 209 (49.8%)
IDK   - 87 (20.7%)

[Fatman3001]

Core still winning:

Poll
Question:   Core Vs XT
XT   - 124 (29.5%)
Core   - 209 (49.8%)
IDK   - 87 (20.7%)

This is what matters: http://xtnodes.com/

Look at the pie at the bottom right.

[ChartBuddy]

Coin
Explanation

[Fakhoury]

Core still winning:

Poll
Question:   Core Vs XT
XT   - 124 (29.5%)
Core   - 209 (49.8%)
IDK   - 87 (20.7%)

This is what matters: http://xtnodes.com/

Look at the pie at the bottom right.

Agree, XT is going nowhere except down until it's doomed.

[Cconvert2G36]

Core still winning:

Poll
Question:   Core Vs XT
XT   - 124 (29.5%)
Core   - 209 (49.8%)
IDK   - 87 (20.7%)

This is what matters: http://xtnodes.com/

Look at the pie at the bottom right.

Agree, XT is going nowhere except down until it's doomed.

It moved the debate from "Bitcoin can't/won't scale... LN, Blockstream Sidechains are the solution." to "Max blocksize will increase soon, just not so dramatically." It also showed the Core project that their control is not divinely sanctioned and inalterable.

For those two reasons I would call it successful.

[aztecminer]

Core still winning:

Poll
Question:   Core Vs XT
XT   - 124 (29.5%)
Core   - 209 (49.8%)
IDK   - 87 (20.7%)

This is what matters: http://xtnodes.com/

Look at the pie at the bottom right.

Agree, XT is going nowhere except down until it's doomed.

i heard next week the fed holds their meeting. will they up interest rates ?? i doubt they will. instead they will point at what happened with china to excuse themselves from the obvious fakelands ... will they announce QE4... probably not just yet.. it might be just a bit too early for them to make that move too. however, honestly, i dont really know. i think we will do more obama dancing around pretending like he is really doing something as everything continues to slowly crumble around him....rekt.

[Feri22]

How do you collect coins from spam transactions? I don't get it  

[Fatman3001]

Core still winning:

Poll
Question:   Core Vs XT
XT   - 124 (29.5%)
Core   - 209 (49.8%)
IDK   - 87 (20.7%)

This is what matters: http://xtnodes.com/

Look at the pie at the bottom right.

Agree, XT is going nowhere except down until it's doomed.

It moved the debate from "Bitcoin can't/won't scale... LN, Blockstream Sidechains are the solution." to "Max blocksize will increase soon, just not so dramatically." It also showed the Core project that their control is not divinely sanctioned and inalterable.

For those two reasons I would call it successful.

I agree

However, if core devs don't agree on something substantial soon I think we may all be praising the hearncoin soon. Everyone watches the debate, if the climate changes XT might get a sudden boost. If people really wants larger block sizes and have to choose between BIP100, BIP101(XT), BIP102, BIP105 or BIP106 without agreement among core devs, I think XT has a good chance of pulling ahead.

[Fatman3001]

Core still winning:

Poll
Question:   Core Vs XT
XT   - 124 (29.5%)
Core   - 209 (49.8%)
IDK   - 87 (20.7%)

This is what matters: http://xtnodes.com/

Look at the pie at the bottom right.

Agree, XT is going nowhere except down until it's doomed.

i heard next week the fed holds their meeting. will they up interest rates ?? i doubt they will. instead they will point at what happened with china to excuse themselves from the obvious fakelands ... will they announce QE4... probably not just yet.. it might be just a bit too early for them to make that move too. however, honestly, i dont really know. i think we will do more obama dancing around pretending like he is really doing something as everything continues to slowly crumble around him....rekt.

-snip-

Obama is dancing around like a ninny because americans turn around every two years and vote for fucking republicans for Congress. Republicans have had one goal for the last 8 years: make Obama look like a worse President than Bush. They don't care if they destroy the country in the process. And you lot keep voting for them.

[ImI]

miners want bip100. case closed.

[brg444]

miners want bip100. case closed.

Fortunately Bitcoin is not about doing what the miners want.

[ChartBuddy]

Coin
Explanation

[Fakhoury]

Coin
Explanation

Huh ?

[LFC_Bitcoin]

Coin
Explanation

ChartBuddy you are drunk - go home

[hdbuck]

coindesk's centralization scaling conference:












More seriously..


Bitcoin's value proposition lies in its fixed inflation. No number of dollars meeting the market can increase the supply schedule. Trilema clearly explains:

There's pretty much literally nothing those extra dollars nobody wants can do to increase the Bitcoin supply. It's very, very inelastic, and consequently the only stability point is when equilibrium is reached. Two billion dollars divided by 600`000 Bitcoins comes to three thousand dollars and change per Bitcoin.

Bitcoin is faced with hitting another inelastic limit in its maximum transaction volume. Consumers have come to expect to get what they demand – "the customer is always right". As such consumers have begun to revolt due to them not getting their demand of Bitcoin competing with Visa or as Trilema predicted in 2013:

…one of them is that consumers revolt, entrepreneurs intervene, before the end of 2015 there's about a thousand to a million different Bitcoin forks, each with its ten million-ish monetary base worth about a dollar, on global average. The size of the inter-Bitcoins market, the complexity and confusion ensuing makes pretty much everything unmanageable for the "ordinary person". Hedge funds and banks (the ones a little ahead of using Excel) that trade in this murky complexity make a killing and become the principal driver of economic growth worldwide. Not only is the consumer about as screwed as is currently the case, but to everyone's benefit he has just been clearly proven yet again that revolt = being fucked in the ass harder, longer, with a thicker implement with sharper barbs on it. Also conveniently, the thing to revolt at has become much more vague and intangible. On the balance of probabilities this would seem the most likely outcome, strictly because history unerringly flows in that direction which most cruelly rapes the "average person".

Many consumers have exclaimed they will leave Bitcoin to go to an altcoin which suits their "needs" if they don't get their way in Bitcoin being perverted into a system to compete with Visa. What they don't realize is the consequences they will face if they choose this option.




source: http://qntra.net



http://qntra.net/2015/09/mit-sacrifices-rag-in-xtcoin-push/ 

[aztecminer]

Coin
Explanation

Huh ?

obviously, .... bitfinex needs to keep prices goxpumped to relieve the stress of all those leverage longs possibly closing which might accidentally cause the 'too big to fail" exchange to meltdown. 240+ is a good price for goxx exchanges right now. that why the price doesnt go down in case bitfinex might have to shutdown again and check every ones balances.

[Fatman3001]

Many consumers have exclaimed they will leave Bitcoin to go to an altcoin which suits their "needs" if they don't get their way in Bitcoin being perverted into a system to compete with Visa. What they don't realize is the consequences they will face if they choose this option.




full article: http://qntra.net/2015/09/consumers-begin-revolting-bitcoin-is-not-visa/

And what are the consequences?

[gentlemand]

And what are the consequences?

Syphilis.

[hdbuck]

Many consumers have exclaimed they will leave Bitcoin to go to an altcoin which suits their "needs" if they don't get their way in Bitcoin being perverted into a system to compete with Visa. What they don't realize is the consequences they will face if they choose this option.




full article: http://qntra.net/2015/09/consumers-begin-revolting-bitcoin-is-not-visa/

And what are the consequences?

read much?

…before the end of 2015 there's about a thousand to a million different Bitcoin forks, each with its ten million-ish monetary base worth about a dollar, on global average.

The size of the inter-Bitcoins market, the complexity and confusion ensuing makes pretty much everything unmanageable for the "ordinary person".

Hedge funds and banks (the ones a little ahead of using Excel) that trade in this murky complexity make a killing and become the principal driver of economic growth worldwide.

Not only is the consumer about as screwed as is currently the case, but to everyone's benefit he has just been clearly proven yet again that revolt = being fucked in the ass harder, longer, with a thicker implement with sharper barbs on it.

Also conveniently, the thing to revolt at has become much more vague and intangible. On the balance of probabilities this would seem the most likely outcome, strictly because history unerringly flows in that direction which most cruelly rapes the "average person".

edit: maybe i should i add colors too?


edit edit: how about a picture? you like pictures, right?

[Andre#]

Core still winning:

Poll
Question:   Core Vs XT
XT   - 124 (29.5%)
Core   - 209 (49.8%)
IDK   - 87 (20.7%)

This is what matters: http://xtnodes.com/

Look at the pie at the bottom right.

Agree, XT is going nowhere except down until it's doomed.

It moved the debate from "Bitcoin can't/won't scale... LN, Blockstream Sidechains are the solution." to "Max blocksize will increase soon, just not so dramatically." It also showed the Core project that their control is not divinely sanctioned and inalterable.

For those two reasons I would call it successful.

I agree

However, if core devs don't agree on something substantial soon I think we may all be praising the hearncoin soon. Everyone watches the debate, if the climate changes XT might get a sudden boost. If people really wants larger block sizes and have to choose between BIP100, BIP101(XT), BIP102, BIP105 or BIP106 without agreement among core devs, I think XT has a good chance of pulling ahead.

XT does exactly what is was supposed to do, i.e. force the debate and make sure the block size will increase one way or the other. Any block size increase (which was stonewalled until recently) means that XT succeeded.