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

[ChartBuddy]

Coin



Explanation

[JorgeStolfi]

The CEO of Coinbase made comments this month about how they plan to 'upgrade' their system in the second week of December, as they undermine the core developers and go against community sentiment about what Bitcoin is.

https://bitcoinmagazine.com/articles/coinbase-ceo-brian-armstrong-bip-is-the-best-proposal-we-ve-seen-so-far-1446584055

This is a corporate move to take Bitcoin over and turn it into something appropriate for bankers (the XT fork WILL NEED more updates, while its blacklists will be updated too), who can then use it to dump their fiat into while other systems collapse and hyperinflation starts.

Not quite...

Coinbase's declarations are undermining the Blockstream takeover of bitcoin and their plan to render bitcoin unusable so that users are forced to move to off-chain solutions like the LN and Viacoin.

The community sentiment (miners, businesses, users, investors) is for increasing the block size limit. There are several proposals to do that, and prefernces vary; but BIP101 is the only proposal that has a complete and tested implementation, and is backed by the two most competent bitcoin developers out there.

The bankers do not care about bitcoin, with small or large blocks.  They have no need of another currency.  They already can move fiat money across borders much faster and more cheaply than they could move bitcoins.  They don't need a "distributed" ledger that is maintained by four anonymous Chinese mining pools, since they could build closed blochains that would be much faster and secure than bitcoin's -- but are still wondering whether they would be better than what they arelady have with standard distributed database technology.

BitcoinXT is not the same as BIP101. BitcoinXT is a software repository. BIP101 is a proposed way to rise the limit. If you don't like BitcoinXT, you could implement BIP101 yourself by patching BitcoinCore.  BitcoinXT will remove the BIP101 code, or replace by some other BIP, if the community were to reject BIP101.  BitcoinCore will eventually implement BIP101, or some other BIP, if the community maintains their support for it.

No matter how the block size war will end, there will be more changes to the protocol in the future: to fix bugs, to make it more efficient and secure, to keep up with the competition.  Blockstream itself has already a few planned changes.

[Fatman3001]

Can't you guyz and galz just launch this mofo to 10k so I can buy a boat?

Is that really too much to ask for?

I sold during the last pump and while I could buy back in for less right now, I'm staying out of it.

The CEO of Coinbase made comments this month about how they plan to 'upgrade' their system in the second week of December, as they undermine the core developers and go against community sentiment about what Bitcoin is.

https://bitcoinmagazine.com/articles/coinbase-ceo-brian-armstrong-bip-is-the-best-proposal-we-ve-seen-so-far-1446584055

This is a corporate move to take Bitcoin over and turn it into something appropriate for bankers (the XT fork WILL NEED more updates, while its blacklists will be updated too), who can then use it to dump their fiat into while other systems collapse and hyperinflation starts.

For this to work, they are counting on people like you, to be so happy with your profits and new boat that you won't care that Bitcoin has lost its integrity along the way.

I'll get behind Bitcoin again if the community proves itself smarter than this however.

Are you this guy?

I don't think you're being fair. Yes you are doing something by putting a little money into Bitcoin here and there. You are supporting Bitcoin because you want a better monetary system that isn't based on debt, and isn't confined by borders.  When times are lean then it makes sense to stash something valuable away, until it becomes worth more. When the value appreciates again, Bitcoin holders can use their increased purchasing power to support businesses that embrace crypto, rather than cash out. That's what 'many around here' are waiting to do I'm sure.

After seeing your contribution to the devianttwo-thread I am tempted to leave Bitcoin altogether.

Edit: I see it's removed. As I remember it was an unfortunate picture of a child and a poem about how adversity makes you stronger.

I can sort of see why you're a bit paranoid, although I think your concerns are exaggerated. But I guess you're right, Gavin and Hearn do seem to think there's a market outside of the "Bitcoin Elite" who's currently peddling your kind of crap.

[ChartBuddy]

Coin



Explanation

[AmazonStuff]

[inca]

Can't you guyz and galz just launch this mofo to 10k so I can buy a boat?

Is that really too much to ask for?

I sold during the last pump and while I could buy back in for less right now, I'm staying out of it.

The CEO of Coinbase made comments this month about how they plan to 'upgrade' their system in the second week of December, as they undermine the core developers and go against community sentiment about what Bitcoin is.

https://bitcoinmagazine.com/articles/coinbase-ceo-brian-armstrong-bip-is-the-best-proposal-we-ve-seen-so-far-1446584055

This is a corporate move to take Bitcoin over and turn it into something appropriate for bankers (the XT fork WILL NEED more updates, while its blacklists will be updated too), who can then use it to dump their fiat into while other systems collapse and hyperinflation starts.

For this to work, they are counting on people like you, to be so happy with your profits and new boat that you won't care that Bitcoin has lost its integrity along the way.

I'll get behind Bitcoin again if the community proves itself smarter than this however.

Are you this guy?

I don't think you're being fair. Yes you are doing something by putting a little money into Bitcoin here and there. You are supporting Bitcoin because you want a better monetary system that isn't based on debt, and isn't confined by borders.  When times are lean then it makes sense to stash something valuable away, until it becomes worth more. When the value appreciates again, Bitcoin holders can use their increased purchasing power to support businesses that embrace crypto, rather than cash out. That's what 'many around here' are waiting to do I'm sure.

After seeing your contribution to the devianttwo-thread I am tempted to leave Bitcoin altogether.

Edit: I see it's removed. As I remember it was an unfortunate picture of a child and a poem about how adversity makes you stronger.

I can sort of see why you're a bit paranoid, although I think your concerns are exaggerated. But I guess you're right, Gavin and Hearn do seem to think there's a market outside of the "Bitcoin Elite" who's currently peddling your kind of crap.

That was originally posted by nlc.

[Fatman3001]

Can't you guyz and galz just launch this mofo to 10k so I can buy a boat?

Is that really too much to ask for?

I sold during the last pump and while I could buy back in for less right now, I'm staying out of it.

The CEO of Coinbase made comments this month about how they plan to 'upgrade' their system in the second week of December, as they undermine the core developers and go against community sentiment about what Bitcoin is.

https://bitcoinmagazine.com/articles/coinbase-ceo-brian-armstrong-bip-is-the-best-proposal-we-ve-seen-so-far-1446584055

This is a corporate move to take Bitcoin over and turn it into something appropriate for bankers (the XT fork WILL NEED more updates, while its blacklists will be updated too), who can then use it to dump their fiat into while other systems collapse and hyperinflation starts.

For this to work, they are counting on people like you, to be so happy with your profits and new boat that you won't care that Bitcoin has lost its integrity along the way.

I'll get behind Bitcoin again if the community proves itself smarter than this however.

Are you this guy?

I don't think you're being fair. Yes you are doing something by putting a little money into Bitcoin here and there. You are supporting Bitcoin because you want a better monetary system that isn't based on debt, and isn't confined by borders.  When times are lean then it makes sense to stash something valuable away, until it becomes worth more. When the value appreciates again, Bitcoin holders can use their increased purchasing power to support businesses that embrace crypto, rather than cash out. That's what 'many around here' are waiting to do I'm sure.

After seeing your contribution to the devianttwo-thread I am tempted to leave Bitcoin altogether.

Edit: I see it's removed. As I remember it was an unfortunate picture of a child and a poem about how adversity makes you stronger.

I can sort of see why you're a bit paranoid, although I think your concerns are exaggerated. But I guess you're right, Gavin and Hearn do seem to think there's a market outside of the "Bitcoin Elite" who's currently peddling your kind of crap.

That was originally posted by nlc.

Under dragonseers account?

Edit: As I can see there's a one and a half month gap in his posting history from when I pointed this out the last time in this thread.

[ChartBuddy]

Coin



Explanation

[ChartBuddy]

Coin



Explanation

[ChartBuddy]

Coin



Explanation

[ghandi]

Price is flat, forum is dead. Exciting times are upon us!    

[ChartBuddy]

Coin



Explanation

[kromtar]

I don't know what the price will be at halving but hashrate will be like x2 of what is now. 

[noobtrader]

I don't know what the price will be at halving but hashrate will be like x2 of what is now. 

more likely 2x hashrate within few month, at halving i think price should be 400-600

[ChartBuddy]

Coin



Explanation

[ghandi]

Did the hashrate raise up because mining got profitable again at $300+ for some entity?

[Fatman3001]

Did the hashrate raise up because mining got profitable again at $300+ for some entity?

Not really, a new generation of more energy efficient machines are being released.

[Karartma1]

Did the hashrate raise up because mining got profitable again at $300+ for some entity?

No, it's because BitFury started to work their new generation devices. Expect bigger difficulty next days.

[ynef]

Haven't been monitoring this forum for a week or so, but I just wanted to say that I have a feeling we're going to see some bulls once more. This time from Japan. http://www.bbc.com/news/business-34829408

[nioc]

Lookit! Can we please just come to some sort of consensus about what is going to happen in the immediate future regarding the price? It seems to me we would all stand to benefit under such an arrangement.

I don't know your definition of immediate future is but I can say with great certainty that the price 12 hrs after your post will be $320