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

[inca]

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 is just inviting critique.

Given you are unwilling to listen to any arguments from anyone at all about increasing the blocksize that is a slightly hypocritical statement.

[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 is just inviting critique.

Given you are unwilling to listen to any arguments from anyone at all about increasing the blocksize that is a slightly hypocritical statement.

I've listened to most arguments and have not been convinced by any.

How is this hypocritical?

[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...

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

oh why the rush then?

you dont mess with 64billion dollars question do you?
number picking and social rambling does not count too.


besides, yet again (and forever-ever), scalability and block size are two different things.

[bButtercup]

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...

The problem of scaling has already been addressed by 21 Inc's Bitcoin computer, which provides a complete turnkey solution with its fully pre-installed software stack.
Which reminds me, have you considered pre-ordering 21 Inc's revolutionary Bitcoin computer?

[billyjoeallen]

Full blocks are not going to come early next year. They're here now.  If a transaction fee market develops, good luck in EVER getting the 1MB limit raised.  Miners will grow dependent on the extra revenue stream.

[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...

The problem of scaling has already been addressed by 21 Inc's Bitcoin computer, which provides a complete turnkey solution with its fully pre-installed software stack.
Which reminds me, have you considered pre-ordering 21 Inc's Bitcoin computer?

fuck no.

[Fatman3001]

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...

There are such things as assholes in this world.

[ImI]

Full blocks are not going to come early next year. They're here now.  If a transaction fee market develops, good luck in EVER getting the 1MB limit raised.  Miners will grow dependent on the extra revenue stream.

Yes, miners want more income through fees, but less transactions doesn't equal more income. You could have more transactions (more revenue) and less profit per transaction but in the end higher profit. Its a question of balance.

In other words the logic smaller blocks = higher mining profits doenst work. Otherwise you could choose a 50kb blocksize, but i am sure thats not what miners want.

[infofront]

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...

There are such things as assholes in this world.

If something like 15% of the real world population is an asshole, the number must be approaching at least 40% on the internet.

[Fatman3001]

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...

There are such things as assholes in this world.

If something like 15% of the real world population is an asshole, the number must be approaching at least 40% on the internet.

And in this forum?

[ChartBuddy]

Coin

Explanation

[doc12]

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...

There are such things as assholes in this world.

If something like 15% of the real world population is an asshole, the number must be approaching at least 40% on the internet.

And in this forum?

  nice one ...

[mr angry]

Full blocks are not going to come early next year. They're here now.  If a transaction fee market develops, good luck in EVER getting the 1MB limit raised.  Miners will grow dependent on the extra revenue stream.

Yes, miners want more income through fees, but less transactions doesn't equal more income. You could have more transactions (more revenue) and less profit per transaction but in the end higher profit. Its a question of balance.

In other words the logic smaller blocks = higher mining profits doenst work. Otherwise you could choose a 50kb blocksize, but i am sure thats not what miners want.

Every now and again there are blocks mined with no transactions included in them. Whoever mines them doesn't care about the transaction fees, they only want their 25 Bitcoins for mining a block. Zero transactions = more profit for them. The rest of the blocks mined have varying numbers of transactions, but some are close to the 1 MB limit. If the number of transactions doubles a solution will be forced on the community.

[bButtercup]

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...

The problem of scaling has already been addressed by 21 Inc's Bitcoin computer, which provides a complete turnkey solution with its fully pre-installed software stack.
Which reminds me, have you considered pre-ordering 21 Inc's Bitcoin computer?

fuck no.

Remember how you bought BTC @ $420 even though kind people warned you not to?
That was your mistake #1.
Mistake #2 is failing to pre-order the 21 Bitcoin Computer, the first computer with native hardware and software support for the Bitcoin protocol, which you should do right now by going to https://21.co/buy/

And never buy another bitcoin again! 21 Inc's revolutionary Bitcoin computer will make them for you, automatically!
Invisibly, in the background, while you work, download pornography, or buy goods & services on Mysterious Dark Net Markets!

"Plug in your 21 Bitcoin Computer to get a stream of bitcoin on your Mac, Windows, or Linux laptop."

*Ask me about 21 Inc's patented Trinary Logic at the next 21 Inc meetup!

[billyjoeallen]

Full blocks are not going to come early next year. They're here now.  If a transaction fee market develops, good luck in EVER getting the 1MB limit raised.  Miners will grow dependent on the extra revenue stream.

Yes, miners want more income through fees, but less transactions doesn't equal more income. You could have more transactions (more revenue) and less profit per transaction but in the end higher profit. Its a question of balance.

In other words the logic smaller blocks = higher mining profits doenst work. Otherwise you could choose a 50kb blocksize, but i am sure thats not what miners want.

You are preaching to the choir, Brother.  I could go even further and add that the block reward will be greater if the price of BTC goes up, which is more likely with larger network capacity, but it's not me you need to convince.

[hdbuck]

"Plug in your 21 Bitcoin Computer to get a stream of bitcoin on your Mac, Windows, or Linux laptop."

as well as a USG backdoor..

[Hyperjacked]

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...

There are such things as assholes in this world.

If something like 15% of the real world population is an asshole, the number must be approaching at least 40% on the internet.

And maybe 80% on the wall observer...

[bButtercup]

"Plug in your 21 Bitcoin Computer to get a stream of bitcoin on your Mac, Windows, or Linux laptop."

as well as a USG backdoor..

That's already a [as always, poorly documented] Bitcoin feature @ the protocol level.

i'm confident devs will implement a happy middle ground

As long as they keep the NSA backdoor and doomsday code, who cares what happens to the block size?

[billyjoeallen]

Every now and again there are blocks mined with no transactions included in them. Whoever mines them doesn't care about the transaction fees, they only want their 25 Bitcoins for mining a block. Zero transactions = more profit for them. The rest of the blocks mined have varying numbers of transactions, but some are close to the 1 MB limit. If the number of transactions doubles a solution will be forced on the community.

There are several solutions that exist already, but there is no agreement on which one or whether to implement them. The incentive to agree on a solution will be greater, but it's pretty damn big already and far from finding common ground, the various factions are becoming more entrenched in their positions.

The rough consensus governance model has a flaw that is getting more obvious by the day.

[Cconvert2G36]

"Plug in your 21 Bitcoin Computer to get a stream of bitcoin on your Mac, Windows, or Linux laptop."

as well as a USG backdoor..

I hear there's an entire team of evil doers dedicated to constant monitoring and haxoring of our internet pog activity.

Also... Bitlending!