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

[Fatman3001]

http://edgysocial.com/wp-content/uploads/2015/11/preach.jpg

So you think a larger part of the budget should go to social programs?

Refreshing to see someone with a social conscience in here.

[marcus_of_augustus]

U guise, let's try to move from 3 tps to 6 tps before we get all hot and bothered about supplanting the global financial system.

How many tps is SWIFT? or FedWire?

[Cconvert2G36]

U guise, let's try to move from 3 tps to 6 tps before we get all hot and bothered about supplanting the global financial system.

How many tps is SWIFT? or FedWire?

Yep, just waiting for central bank mass adoption.

I'll put a pot of coffee on.

1MB4EVA is going to(has) deter(ed) a huge amount of investment.  

“I think it is urgent, because the transaction volume is increasing on the blockchain, and if the price rises in near future, it will push the transaction volume to be even higher. I think the max block size should be raised as soon as possible, but it should not be raised too much. Two megabytes is preferred as the first step.” Wang Chun, operator of F2Pool, which comprises about 20% of global hash rate

SWIFTNet Link: > 40 system transactions per second, per installation

[BlindMayorBitcorn]

Crawl back into your WWIII bunker filled with your useless filth you call fiat. Bathe in it, burn it for warmth, use it to wipe your disgusting arses, because soon that is all it will be useful for.

Wait, you expect to use your funbux after the apocalypse you've been prepping for? Because the comsats'll be comsatting and interweb providers'll be providing interwebs@groundzer0?
Maybe swap some paper wallets for tins of dog food, hmm?
You wacky, disruptively stupid young people! The nutty shit you imagine!

Safe mode for the internet?

Sooner or later—by intent or by accident—we will face a catastrophic breakdown of the Internet. Yet we have no Plan B in place to reboot a rudimentary, low-bandwidth emergency communication network if the high-bandwidth system we have come to depend on fails.

https://edge.org/response-detail/23689

[marcus_of_augustus]

U guise, let's try to move from 3 tps to 6 tps before we get all hot and bothered about supplanting the global financial system.

How many tps is SWIFT? or FedWire?

Yep, just waiting for central bank mass adoption.

SWIFTNet Link: > 40 system transactions per second, per installation

so eliminate all the spam transactions, blockchain graffiti and sundry freeloaders and raise slowly to 8MByte by 2025 and we're done?

[peonminer]

http://edgysocial.com/wp-content/uploads/2015/11/preach.jpg

So you think a larger part of the budget should go to social programs?

Refreshing to see someone with a social conscience in here.

Just imagine if Obamination's bailout of big banking and motorcade was instead, distributed equally among every legal citizen. Imagine if all of Bush Jr's war dollars were instead used to build the best charter schools in the history of the modern era. Imagine if the financing we have been giving to 'moderate rebels' for almost two decades now, was given to every person that agreed to give an allocated amount of their time back to their local communties. Imagine if we did not have a societal structure based on cost efficiency and waste, yet instead based on longevity and innovation. Imagine, if you will, America did not incarcerate non violent offenders; Instead, taught them how to start businesses, manage equity, and flourish in a proactive society. We would be kicking China's ass right now. Instead, we are lagging behind in dozens of aspects in human evolution, societal advancement, and encourage repression in our main stream media and politically correct fear-filth.

I don't support free loading. I support worldwide opportunistic equality. Yes, equality can be had with still being able to capitalize on your strong points. When the system is set up for failure from the beginning, it needs to be washed away and reordered. The new world order is coming, although it will not be the NWO movement the cabal are thirsting for.

[ChartBuddy]

Coin



Explanation

[Cconvert2G36]

U guise, let's try to move from 3 tps to 6 tps before we get all hot and bothered about supplanting the global financial system.

How many tps is SWIFT? or FedWire?

Yep, just waiting for central bank mass adoption.

SWIFTNet Link: > 40 system transactions per second, per installation

so eliminate all the spam transactions, blockchain graffiti and sundry freeloaders and raise slowly to 8MByte by 2025 and we're done?

Each link to the SWIFT network can push more than 40 tps.

For those that didn't see it... I'm leaning this way:

https://bitcoinmagazine.com/articles/bitcoin-mining-pool-f-pool-discus-fish-maintains-bip-not-an-option-1449003767

"On the Bitcoin development mailing list, Chun recently suggested raising the maximum block size in accordance with the block halving. As such, the block-size limit would be raised to 2 megabytes as soon as possible, followed by an increase to 4 megabytes halfway through 2016, up to 32 megabytes by 2028."

4MB max in 2016, doubling at the halvings. (2MB would/could/should have been the limit at the drop to 25btc block rewards.)

Growth in the max could be halted or slowed by soft fork if alternative scaling solutions present themselves and are proven to be both functional and desired by the market.  

Code:

Max Blocksize	Block Reward	Year(~)		Native TPS(~)
1MB		50		2009		3
2MB		25		2013		6	
4MB		12.5		2016		12
8MB 		6.25		2019		24
16MB		3.125		2022		48
32MB		1.5625		2026		96
64MB		0.78125		2029		192
128MB		0.390625	2033		384
256MB		0.1953125	2037		768
512MB		0.09765625	2041		1536

There's something nice about the available space in a block for fee paying txs doubling at the same time the reward is cut.

I'm quite certain we'll have some nice hardware and fiber connections in 2026.

[Hyperjacked]

... SWIFTNet Link: > 40 system transactions per second, per installation

so eliminate all the spam transactions, blockchain graffiti and sundry freeloaders and raise slowly to 8MByte by 2025 and we're done?

Can't even get bitconners to agree on how/when/if to raise the blocksize (or even what "consensus" means), how you gonna do all that
'The Hitchhiker's Guide to the Galaxy states: "There is an art to flying, or rather a knack. Its knack lies in learning to throw yourself at the ground and miss. ... Clearly, it is this second part, the missing, that presents the difficulties."' (italics mine)

@peon: Just imagine if Obamination's bailout of big banking and motorcade was instead, distributed equally among ME!

do you remember the c64 game? How do defeat the dragon...?

cover your eyes...cause the dragon thinks he can't see you...

[peonminer]

Crawl back into your WWIII bunker filled with your useless filth you call fiat. Bathe in it, burn it for warmth, use it to wipe your disgusting arses, because soon that is all it will be useful for.

Wait, you expect to use your funbux after the apocalypse you've been prepping for? Because the comsats'll be comsatting and interweb providers'll be providing interwebs@groundzer0?
Maybe swap some paper wallets for tins of dog food, hmm?
You wacky, disruptively stupid young people! The nutty shit you imagine!

I guess you've never heard of bartering or precious metals, eh, cabal filthmonger? Oh, that's right. You prefer PAPER FRACTIONAL RESERVE for your precious metals. Right, because that bunk representation will not be moot during an apocalyptic event. Keep it coming, scumbag sock shill(s).

[jbreher]

Crawl back into your WWIII bunker filled with your useless filth you call fiat. Bathe in it, burn it for warmth, use it to wipe your disgusting arses, because soon that is all it will be useful for.

Wait, you expect to use your funbux after the apocalypse you've been prepping for? Because the comsats'll be comsatting and interweb providers'll be providing interwebs@groundzer0?
Maybe swap some paper wallets for tins of dog food, hmm?
You wacky, disruptively stupid young people! The nutty shit you imagine!

Aside from the fact that OP was talking about *fiat-lover's* WWIII bunker, not bitcoin-lover's bunker....

Wait, you expect to use your USD - overwhelmingly digital, or your Visa - intractibly dependent upon the Internet, after the apocalypse you've been prepping for? Because the comsats'll be comsatting and interweb providers'll be providing interwebs@groundzer0?
Maybe swap the $117.37 that your on-hand cash is limited to for tins of dog food, hmm?
You wacky, conventionally stupid old people! The nutty shit you imagine!

[Hyperjacked]

Crawl back into your WWIII bunker filled with your useless filth you call fiat. Bathe in it, burn it for warmth, use it to wipe your disgusting arses, because soon that is all it will be useful for.

Wait, you expect to use your funbux after the apocalypse you've been prepping for? Because the comsats'll be comsatting and interweb providers'll be providing interwebs@groundzer0?
Maybe swap some paper wallets for tins of dog food, hmm?
You wacky, disruptively stupid young people! The nutty shit you imagine!

I guess you've never heard of bartering or precious metals, eh, cabal filthmonger? Oh, that's right. You prefer PAPER FRACTIONAL RESERVE for your precious metals. Right, because that bunk representation will not be moot during an apocalyptic event. Keep it coming, scumbag sock shill(s).

silver is old school money...slow and you can't eat it!

[Cconvert2G36]

Crawl back into your WWIII bunker filled with your useless filth you call fiat. Bathe in it, burn it for warmth, use it to wipe your disgusting arses, because soon that is all it will be useful for.

Wait, you expect to use your funbux after the apocalypse you've been prepping for? Because the comsats'll be comsatting and interweb providers'll be providing interwebs@groundzer0?
Maybe swap some paper wallets for tins of dog food, hmm?
You wacky, disruptively stupid young people! The nutty shit you imagine!

I guess you've never heard of bartering or precious metals, eh, cabal filthmonger? Oh, that's right. You prefer PAPER FRACTIONAL RESERVE for your precious metals. Right, because that bunk representation will not be moot during an apocalyptic event. Keep it coming, scumbag sock shill(s).

silver is old school money...slow and you can't eat it!

Tell that to the alex jones listeners, they pop that colloidal stuff like candy. 

[jbreher]

With over half a mil sitting in the bank, the lower-middle-class Briton could live for over 250,000 days, or over 685 years on two dollars a day, without having to do a lick of useful work.

Umm, no. Not if the bank is charging them negative interest. Let alone the fact that one cannot live on $2 a day in the UK.

[suda123]

Crawl back into your WWIII bunker filled with your useless filth you call fiat. Bathe in it, burn it for warmth, use it to wipe your disgusting arses, because soon that is all it will be useful for.

Wait, you expect to use your funbux after the apocalypse you've been prepping for? Because the comsats'll be comsatting and interweb providers'll be providing interwebs@groundzer0?
Maybe swap some paper wallets for tins of dog food, hmm?
You wacky, disruptively stupid young people! The nutty shit you imagine!

I guess you've never heard of bartering or precious metals, eh, cabal filthmonger? Oh, that's right. You prefer PAPER FRACTIONAL RESERVE for your precious metals. Right, because that bunk representation will not be moot during an apocalyptic event. Keep it coming, scumbag sock shill.

What do bartering & precious metals have to do with antifragile bit-con?
Or have you been goldbuggered? Kindly stick to one strain of insanity at a time

LOL gold and silver will only be worth something during a collapse, if that kind of collapse comes GUNS are the next best thing, haven't people read countries that did go under collapse? the stories they wrote.

[Hyperjacked]

...so sick of the newbie shills! Maybe I'll come back someday soon...

maybe that's there goal...I could care less...I haven't givin free coffee as much as free tips for the homeless retail investors on this thread!

See you some sunny day  


Disclaimer:Fatman is homeless and does not even know it...

[Blazin8888]

We are heading up from here. Breakout confirmed.

[ssmc2]

We are heading up from here. Breakout confirmed.

[Cconvert2G36]

...so sick of the newbie shills! Maybe I'll come back someday soon...

maybe that's there goal...I could care less...I haven't givin free coffee as much as free tips for the homeless retail investors on this thread!

See you some sunny day  

Say it ain't so Hyperjacked. Your tips have kept me solvent these last few weeks. 

I never got the coffee thing, you want random internet anons to just give you money, that you'll surely spend on the homeless... why don't they just hand it themselves to some of their local homeless folk?

As for the newbie shills? it's just lambie, who's been here almost forever, and will remain with us barring the prospect of newbie jail coming back and the stockpile of accounts running dry.

 

[peonminer]

Crawl back into your WWIII bunker filled with your useless filth you call fiat. Bathe in it, burn it for warmth, use it to wipe your disgusting arses, because soon that is all it will be useful for.

Wait, you expect to use your funbux after the apocalypse you've been prepping for? Because the comsats'll be comsatting and interweb providers'll be providing interwebs@groundzer0?
Maybe swap some paper wallets for tins of dog food, hmm?
You wacky, disruptively stupid young people! The nutty shit you imagine!

I guess you've never heard of bartering or precious metals, eh, cabal filthmonger? Oh, that's right. You prefer PAPER FRACTIONAL RESERVE for your precious metals. Right, because that bunk representation will not be moot during an apocalyptic event. Keep it coming, scumbag sock shill.

What do bartering & precious metals have to do with antifragile bit-con?
Or have you been goldbuggered? Kindly stick to one strain of insanity at a time

You have gone full retard.

You lose all internets.