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

[Richy_T]

3 more hours and the USMS will notify the winning bidder that his bid has been selected.

including the price per bitcoin?

I think the winning bidder has quite a good idea what his bid was, no need for the USMS to remind him.

Maybe he's not good at division.

[Fatman3001]

To anyone reading these this "study" was based on flawed assumptions and rather broken understanding of how Bitcoin's gossip network operates.

TL;DR the claims in this post don't match reality

You and hdbuck add nothing to this debate. Nothing you've said in this post can be backed up. You retract from it. You're polluting the debate.

I can certainly point you to a whole thread filled with Adam's poor understanding of the networks' architecture... but you'll have to dig for it yourself if you really care

by all means do dip it up.

i recall being mostly right, except for the gossip network, but that too clearly needs improvements infact the very day i was talking about it, gavin was writing up a paper about the efficiency ( or lack thereof ) in bitcoin's current gossip network implementation.

bitcoin is not a holly ledger, and yes there is much improvements to be made at its core.

I'd love a link from either of you.

[Richy_T]

3 more hours and the USMS will notify the winning bidder that his bid has been selected.

Does anyone have a link to who were the bidders?  The quantity of bidders and any description of who they represent?

Nope. For some reason, the servants of the people like to keep such things to themselves.

[Richy_T]

Really, only 11 bidders?  That is fairly bearish news, if true.  Didn't we have close to 30 bidders in previous auctions?

Possibly in previous auctions, more than a few of the bidders submitted low-ball bids and didn't win so didn't play this time. Though it could just be lack of interest.

[adamstgBit]

bitcoin is not a holly ledger, and yes there is much improvements to be made at its core.

bitcoin is holy! bitcoin is going to save us!

and please stop pretending you have any technical competence to juge about what has been or is to be done on core level.

reddit does not give you a CS degree, altho even this would not be enough anyway.

i'm no core dev, not even well versed in the details of the protocol, but the stuff i came up with was just references to other peoples work.

i looked around and saw several proposals, claiming to potentially give HUGE coding gains. i do have SOME technical knowledge, enough to form an opinion.

sometimes there's a will but no way, this is not the case with bitcoin's scalability.

[billyjoeallen]

as i already say, my 2 cents on the parabolic pump would be the fbi auction.
simple, and yes, these people have the means to manipulate whatthefuckever they want.

edit: just look at the chart, the pump is very well calibrated, almost perfection. only 'professionals' are the ones capable of such things.

If the FBI has the ability to manipulate the global price on our censorship-resistant network, then we really don't have a censorship-resistant network.

What does censorship have to do with price manipulation 

I swear the shit you come up with...

A price signal is important communication. If that information is intentionally distorted, the signal is censored.

[brg444]

To anyone reading these this "study" was based on flawed assumptions and rather broken understanding of how Bitcoin's gossip network operates.

TL;DR the claims in this post don't match reality

You and hdbuck add nothing to this debate. Nothing you've said in this post can be backed up. You retract from it. You're polluting the debate.

I can certainly point you to a whole thread filled with Adam's poor understanding of the networks' architecture... but you'll have to dig for it yourself if you really care

by all means do dip it up.

i recall being mostly right, except for the gossip network, but that too clearly needs improvements infact the very day i was talking about it, gavin was writing up a paper about the efficiency ( or lack thereof ) in bitcoin's current gossip network implementation.

bitcoin is not a holly ledger, and yes there is much improvements to be made at its core.

I'd love a link from either of you.

where to start....

1) making sure the gossip network actually does make every peer on average use 503Bytes to get everyone to hear about a 500Byte msg.
2) communicate new blocks by listing all the TX ID's in that block instead of in full.
3) has SOME trusted centralized nodes dedicated to allowing new nodes to sync fast ( probably don't even need to trust them using some fancy PGP or something)
4) and yes some SPV, and maybe different types of nodes, simi-full node, full node, super node, minner node.

wtv it takes.

"Whatever it takes"

[hdbuck]

as i already say, my 2 cents on the parabolic pump would be the fbi auction.
simple, and yes, these people have the means to manipulate whatthefuckever they want.

edit: just look at the chart, the pump is very well calibrated, almost perfection. only 'professionals' are the ones capable of such things.

If the FBI has the ability to manipulate the global price on our censorship-resistant network, then we really don't have a censorship-resistant network.

What does censorship have to do with price manipulation  

I swear the shit you come up with...

A price signal is important communication. If that information is intentionally distorted, the signal is censored.

[brg444]

as i already say, my 2 cents on the parabolic pump would be the fbi auction.
simple, and yes, these people have the means to manipulate whatthefuckever they want.

edit: just look at the chart, the pump is very well calibrated, almost perfection. only 'professionals' are the ones capable of such things.

If the FBI has the ability to manipulate the global price on our censorship-resistant network, then we really don't have a censorship-resistant network.

What does censorship have to do with price manipulation 

I swear the shit you come up with...

A price signal is important communication. If that information is intentionally distorted, the signal is censored.

You are conflating two completely separate mechanism: the market & Bitcoin's peer-to-peer network.

Go home, you're drunk.

[peonminer]

[hdbuck]

"some fancy PGP or something"...

yep, there goes your reddit CS degree.

[adamstgBit]

To anyone reading these this "study" was based on flawed assumptions and rather broken understanding of how Bitcoin's gossip network operates.

TL;DR the claims in this post don't match reality

You and hdbuck add nothing to this debate. Nothing you've said in this post can be backed up. You retract from it. You're polluting the debate.

I can certainly point you to a whole thread filled with Adam's poor understanding of the networks' architecture... but you'll have to dig for it yourself if you really care

by all means do dip it up.

i recall being mostly right, except for the gossip network, but that too clearly needs improvements infact the very day i was talking about it, gavin was writing up a paper about the efficiency ( or lack thereof ) in bitcoin's current gossip network implementation.

bitcoin is not a holly ledger, and yes there is much improvements to be made at its core.

I'd love a link from either of you.

where to start....

1) making sure the gossip network actually does make every peer on average use 503Bytes to get everyone to hear about a 500Byte msg.
2) communicate new blocks by listing all the TX ID's in that block instead of in full.
3) has SOME trusted centralized nodes dedicated to allowing new nodes to sync fast ( probably don't even need to trust them using some fancy PGP or something)
4) and yes some SPV, and maybe different types of nodes, simi-full node, full node, super node, minner node.

wtv it takes.

"Whatever it takes"

my particular view on what should be done is besides the point here, point is things CAN be done.

[bButtercup]

...
You were spewing complete non sense about block compression and the mere suggestion that the network can support 250x more load using a couple of coding improvements is straight out of retardlandia.

He doesn't even understand the trinary logic blockchain as implemented in 21 Inc Bitcoin computer.
No wonder he bought @ $420

[hdbuck]

my particular view on what should be done is besides the point here, point is things CAN be done.

i CAN send/receive btc right now, how about you?

[peonminer]

[adamstgBit]

wtf i dont get why i get so much heat every time i suggest that improvements can be made and scalability can be overcome.

you trolls are paid by blockstream or something...

[billyjoeallen]

If you lack the capacity for abstract thought,  you may find the world confusing.

[brg444]

wtf i dont get why i get so much heat every time i suggest that improvements can be made and scalability can be overcome.

you trolls are paid by blockstream or something...

Suggesting that improvements can be made is one thing...

Pretending that you have it all figured out and that with a couple coding twist we can improve the load of the network by 250x when we have PHDs & decades of cryptography & computer science mind share actually working on these issues rather than posturing about their "solutions" on a forum is just inviting critique...

[billyjoeallen]

wtf i dont get why i get so much heat every time i suggest that improvements can be made and scalability can be overcome.

you trolls are paid by blockstream or something...

If scalability problems can be overcome, then why aren't they being overcome? That's the 64 billion dollar question.

[hdbuck]

wtf i dont get why i get so much heat every time i suggest that improvements can be made and scalability can be overcome.

you trolls are paid by blockstream or something...

nah i wish i where getting something from them tho.
doing the dirty work. contradict them reddit fools.

but im just concern about my bitcoins in the end.

not heating things up, im merely passing time here.

altho as a 'trusted bitcoiner' i might be a bit disappointed when you say "bitcoin is not a holy ledger".