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

[JorgeStolfi]

Seg witness dos not *actually* raise the blocksize to 4MB.

1MB block size strong and still.

SW allows more transactions per block, split into two parts (basically, signatures and everything else).  The 1 MB limit will apply only to the latter.  The total size of a block (which will have to be transmitted and stored in full, except to simple clients who will not need the signature data) can be up to 4 MB, depending on how many transactions are issued in the SW format and how many signatures they have. 

[hdbuck]

Actually I have been programming almost daily for the last 40 years.  And I have watched from front row some of the best software developers in the world as they worked.  As well as some terrible ones.  

That is why I think that swapping Gavin for Greg was a disaster for bitcoin...

Actually the jokes on you, Jorgi. I'm a career programmer too, that's actually looked at some of the recent Core releases, and I can tell you that there's been maybe only a handful of lines of code added to Core in the last year or two.

A. Handful. Of. Lines. In. Over. A. Years. Time.

So let's don't over-glorify these so called developers and put them up on some sort of pedestal.  Like they've got their noses to the grindstone every day, furiously cranking out mountains of code. If they had only coded that much in a business world white collar desk job setting, they'd be fired by now for being over-paid slackers.

P.S.- And the truth/reason is, after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. All the heavy lifting was done years ago. With the exception of increasing block size, and maybe a few other little things, there's very little left for the Core developers to actually do.  So they're basically just downshifted into long term maintenance mode at this point, which anyone with their knowledge can do on the side for a few hours a week.

Bingo!

There is nothing to add to The Bitcoin Protocol anyway.

[Fatman3001]

Frankly, I admire Stolfi for never losing his cool when subjected to inappropriate ridicule and disrespect. Could we maybe just try to act like grownups?

To be fair, Stolfi is mostly trolling. Although I support larger blocks myself, I do suspect Stolfi is trolling in this regard as well.
I did have a hope that the inner nerd in him lit a fire a while ago, but alas. He is obviously not stupid, so the way he manages to misrepresent just about everything he's referring to should be a red light for most.

PS. Oh, and I made him lose his cool once. It's not easy but it can be done.

[BlindMayorBitcorn]

Frankly, I admire Stolfi for never losing his cool when subjected to inappropriate ridicule and disrespect. Could we maybe just try to act like grownups?

To be fair, Stolfi is mostly trolling. Although I support larger blocks myself, I do suspect Stolfi is trolling in this regard as well.
I did have a hope that the inner nerd in him lit a fire a while ago, but alas. He is obviously not stupid, so the way he manages to misrepresent just about everything he's referring to should be a red light for most.

PS. Oh, and I made him lose his cool once. It's not easy but it can be done.

I seem to remember not long ago he wished we all die in a fire.

[ChartBuddy]

Coin



Explanation

[Fatman3001]

Frankly, I admire Stolfi for never losing his cool when subjected to inappropriate ridicule and disrespect. Could we maybe just try to act like grownups?

To be fair, Stolfi is mostly trolling. Although I support larger blocks myself, I do suspect Stolfi is trolling in this regard as well.
I did have a hope that the inner nerd in him lit a fire a while ago, but alas. He is obviously not stupid, so the way he manages to misrepresent just about everything he's referring to should be a red light for most.

PS. Oh, and I made him lose his cool once. It's not easy but it can be done.

I seem to remember not long ago he wished we all die in a fire.

Academically speaking, of course.

[rocks]

Actually I have been programming almost daily for the last 40 years.  And I have watched from front row some of the best software developers in the world as they worked.  As well as some terrible ones.  

That is why I think that swapping Gavin for Greg was a disaster for bitcoin...

Actually the jokes on you, Jorgi. I'm a career programmer too, that's actually looked at some of the recent Core releases, and I can tell you that there's been maybe only a handful of lines of code added to Core in the last year or two.

A. Handful. Of. Lines. In. Over. A. Years. Time.

So let's don't over-glorify these so called developers and put them up on some sort of pedestal.  Like they've got their noses to the grindstone every day, furiously cranking out mountains of code. If they had only coded that much in a business world white collar desk job setting, they'd be fired by now for being over-paid slackers.

P.S.- And the truth/reason is, after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. All the heavy lifting was done years ago. With the exception of increasing block size, and maybe a few other little things, there's very little left for the Core developers to actually do.  So they're basically just downshifted into long term maintenance mode at this point, which anyone with their knowledge can do on the side for a few hours a week.

That is because they are only working on their own company's off-chain solutions and stonewalling on any improvements to the client to enable scaling. Oh they also spend tons of time on reddit and other forums posting messages to argue why blocking the stream of transactions is necessary.

Greg, Peter and several others have openly stated that they do not like Bitcoin's design and that it shouldn't work in practice. Despite the fact that it does. These are the people that have taken over control of the project because Gavin was too nice and wanted to share developer control, only to see these guys take over and shut him and the other early developers who actually built Bitcoin out.

Under Satoshi and then Gavin we had don't of regular improvements in the client, now under Greg and Peter we have none.

[hdbuck]

Actually I have been programming almost daily for the last 40 years.  And I have watched from front row some of the best software developers in the world as they worked.  As well as some terrible ones.  

That is why I think that swapping Gavin for Greg was a disaster for bitcoin...

Actually the jokes on you, Jorgi. I'm a career programmer too, that's actually looked at some of the recent Core releases, and I can tell you that there's been maybe only a handful of lines of code added to Core in the last year or two.

A. Handful. Of. Lines. In. Over. A. Years. Time.

So let's don't over-glorify these so called developers and put them up on some sort of pedestal.  Like they've got their noses to the grindstone every day, furiously cranking out mountains of code. If they had only coded that much in a business world white collar desk job setting, they'd be fired by now for being over-paid slackers.

P.S.- And the truth/reason is, after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. All the heavy lifting was done years ago. With the exception of increasing block size, and maybe a few other little things, there's very little left for the Core developers to actually do.  So they're basically just downshifted into long term maintenance mode at this point, which anyone with their knowledge can do on the side for a few hours a week.

That is because they are only working on their own company's off-chain solutions and stonewalling on any improvements to the client to enable scaling. Oh they also spend tons of time on reddit and other forums posting messages to argue why blocking the stream of transactions is necessary.

Greg, Peter and several others have openly stated that they do not like Bitcoin's design and that it shouldn't work in practice. Despite the fact that it does. These are the people that have taken over control of the project because Gavin was too nice and wanted to share developer control, only to see these guys take over and shut him and the other early developers who actually built Bitcoin out.

Under Satoshi and then Gavin we had don't of regular improvements in the client, now under Greg and Peter we have none.

lmao, not tonight dear.. ^^

I am glad that this scammy Bitcoin foundation's Chief scientist is out of the picture..

Now he can fully appreciate his USG paycheck!

[BlindMayorBitcorn]

Frankly, I admire Stolfi for never losing his cool when subjected to inappropriate ridicule and disrespect. Could we maybe just try to act like grownups?

To be fair, Stolfi is mostly trolling. Although I support larger blocks myself, I do suspect Stolfi is trolling in this regard as well.
I did have a hope that the inner nerd in him lit a fire a while ago, but alas. He is obviously not stupid, so the way he manages to misrepresent just about everything he's referring to should be a red light for most.

PS. Oh, and I made him lose his cool once. It's not easy but it can be done.

I seem to remember not long ago he wished we all die in a fire.

Academically speaking, of course.

I wish I had bookmarked that quote. I’d like it embroidered on a nice pillow.

[aztecminer]

hot dropit lockit ..i passed on buying bitcoins. i bought metals instead while they are down.

[Richy_T]

I seem to remember not long ago he wished we all die in a fire.

I did

[BlindMayorBitcorn]

I read something about a vast Russian MMM ponzi currently operating in South Africa buying up Bitcoins. Any news?

Bobby Lee, CEO of Chinese exchange BTCC, told CoinDesk his platform has seen a significant volume increase, though he dismissed much of his competitors' volume as "artificial".

Those behind the volume, he said, are not traders but consumers sucked into a Russian ponzi scheme, MMM.

"We have posted warnings on our site and on our social media to warn users to be careful, but they have been coming to our exchange and buying out like crazy," he said, adding:

    "This time it's not speculative trading but based on them getting sucked into this ecosystem."

https://twitter.com/YourBTCC/status/654273706013798401?lang=en

"South Africa" must include a many of the poorest and least educated people there.

Ah, bitcoin -- bringing First World financial ruin to the unbanked in the Third World...

May you all go broke, and burn in hell...

Ah. It was eternal damnation. My mistake.

[brg444]

Actually I have been programming almost daily for the last 40 years.  And I have watched from front row some of the best software developers in the world as they worked.  As well as some terrible ones.  

That is why I think that swapping Gavin for Greg was a disaster for bitcoin...

Actually the jokes on you, Jorgi. I'm a career programmer too, that's actually looked at some of the recent Core releases, and I can tell you that there's been maybe only a handful of lines of code added to Core in the last year or two.

A. Handful. Of. Lines. In. Over. A. Years. Time.

So let's don't over-glorify these so called developers and put them up on some sort of pedestal.  Like they've got their noses to the grindstone every day, furiously cranking out mountains of code. If they had only coded that much in a business world white collar desk job setting, they'd be fired by now for being over-paid slackers.

P.S.- And the truth/reason is, after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. All the heavy lifting was done years ago. With the exception of increasing block size, and maybe a few other little things, there's very little left for the Core developers to actually do.  So they're basically just downshifted into long term maintenance mode at this point, which anyone with their knowledge can do on the side for a few hours a week.

That is because they are only working on their own company's off-chain solutions and stonewalling on any improvements to the client to enable scaling. Oh they also spend tons of time on reddit and other forums posting messages to argue why blocking the stream of transactions is necessary.

Greg, Peter and several others have openly stated that they do not like Bitcoin's design and that it shouldn't work in practice. Despite the fact that it does. These are the people that have taken over control of the project because Gavin was too nice and wanted to share developer control, only to see these guys take over and shut him and the other early developers who actually built Bitcoin out.

Under Satoshi and then Gavin we had don't of regular improvements in the client, now under Greg and Peter we have none.

That is complete and utter BS.

The work done to scale Bitcoin to where it is today by Core developers is above and beyond most of what Gavin has ever done for Bitcoin.

Gavin's solution to scaling: increase a constant. Give. me. a. break.

Do you have any idea the amount of work and testing that went into libsecp256k1 and what it represents ?

[marcus_of_augustus]

every time this guy is back speaking the outlook is optimistic.

https://youtu.be/lwxLdklXlzI

 

Oh god. Please don't even follow that link and give this guy views. It's that Rawdogletard guy. Nothing of value there.

he is genius! 

in is own dumber-than-dirt way this guy is funny ... and a video from him is also agreat indicator that bitcoin is bubbling up into the dumber-than-dirt mainstream radar again .... Bullish!

[marcus_of_augustus]

Frankly, I admire Stolfi for never losing his cool when subjected to inappropriate ridicule and disrespect. Could we maybe just try to act like grownups?

To be fair, Stolfi is mostly trolling. Although I support larger blocks myself, I do suspect Stolfi is trolling in this regard as well.
I did have a hope that the inner nerd in him lit a fire a while ago, but alas. He is obviously not stupid, so the way he manages to misrepresent just about everything he's referring to should be a red light for most.

PS. Oh, and I made him lose his cool once. It's not easy but it can be done.

I seem to remember not long ago he wished we all die in a fire.

bitcoins don't burn ... another great property

[ChartBuddy]

Coin



Explanation

[paul2000]

every time this guy is back speaking the outlook is optimistic.

https://youtu.be/lwxLdklXlzI

 

You know the effect some cameras have "mirror"? His face looks like perma-applyed

[peonminer]

every time this guy is back speaking the outlook is optimistic.

https://youtu.be/lwxLdklXlzI

 

Oh god. Please don't even follow that link and give this guy views. It's that Rawdogletard guy. Nothing of value there.

he is genius!  

in is own dumber-than-dirt way this guy is funny ... and a video from him is also agreat indicator that bitcoin is bubbling up into the dumber-than-dirt mainstream radar again .... Bullish!

I lol'd. Hard

Lambie, you are making me work for my right to use the Ignore button today. I hope your vetting is doing yourself well. I don't suppose you will make it past the halvening. Let alone the next monster rise in BTCitcoin's price that is obviously coming and due to your 'central banky' crashing soon. Maybe NObama will give you all another lump sum of our hard earned tax dollars to wallow in while the rest of us hard working citizens are left with the 60+ trillion dollars of debt attached to all of our names, thanks to your 'central banky' friend foes.

Total US debt at the end of the first quarter of 2014, on March 31 totaled almost $59.4 trillion - up nearly $500 billion from the end of the fourth quarter of 2013, according to the data. Total debt (the combination of government, business, mortgage, and consumer debt) was $2.2 trillion 40 years ago.

https://www.rt.com/usa/166352-us-total-debt-sixty-trillion/

It won't be much longer until the financial collapse rolls in full steam! Oh when it does, BTCitcoin, you beautiful beast. She will rise from the ashes of failed fiat like a Phoenix rising from the ashes of your failed shill attempts.

Bullish for BTCitcoin  

[Chef Ramsay]

every time this guy is back speaking the outlook is optimistic.

https://youtu.be/lwxLdklXlzI

 

Oh god. Please don't even follow that link and give this guy views. It's that Rawdogletard guy. Nothing of value there.

he is genius!  

in is own dumber-than-dirt way this guy is funny ... and a video from him is also agreat indicator that bitcoin is bubbling up into the dumber-than-dirt mainstream radar again .... Bullish!

I lol'd. Hard

I work at the er at the biggest hospital in my state and I can attest to the sheer volume of dumber than dirt that works here as well as the incoming patients and visitors. I'm sure each of them (workers) is good at their particular task in life, to some extent, but when it comes to having any sort of financial vision they're just out to lunch or not even at the table. Very few have any understanding of what's going on in the US markets let alone any cursory knowledge of the future of money which is bitcoin. Regarding the patients, they have so many personal issues that they haven't the time nor expendable capital to even consider educating themselves on or speculating/investing in bitcoin. However, when panic sets in and everyone can't believe the upward trend, they will come.

[ChartBuddy]

Coin



Explanation