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

[brg444]

Gmaxwell's roadmap for increasing the network capacity has good consensus and is the most logical way forward. Solutions for the long-term will gradually become more apparent as it approaches but a better solution is always only 1 lightbulb moment away. Discounting human ingenuity in favour of mediocre workarounds will doom you to losing money.

They've had YEARS to get a lightbulb moment. It's like waiting for economically viable fusion reactors. It's not just a technical issue. But it's worse than that. It's philosophical and ideological. It's expecting two guys who by your own admission have incentives to not do their goddamn jobs--who both have effective veto power--to come up with a solution that will ruin their side businesses.  

The market had a chance to adopt an implementation that supported big blocks and it didn't so clearly there's a couple of holes in your logic.

[billyjoeallen]

So who's buying today that couldn't have bought yesterday when FOMO was running rampant?  Every ten minutes, new coins are mined. Every day, blocks get closer to 1MB.  Every day, the people that bought above $460 feel a little more burned.

[BlindMayorBitcorn]

So who's buying today that couldn't have bought yesterday when FOMO was running rampant?  Every ten minutes, new coins are mined. Every day, blocks get closer to 1MB.  Every day, the people that bought above $460 feel a little more burned.

-Speculators
-Degenerates
-Drug users/Drug dealers
-Gamblers
-Rich people
-Techy coder types

Everyday, day after day.

[Richy_T]

Lambie seems more retarded than usual. Are they working shifts?

Yrpapers? Dunno, I've started putting any new posters here on ignore - I feel guilty about the false positives, but not that guilty. There's been a couple of times I've been drawn into a conversation and half way through had my ovine suspicions confirmed and ended up sticking the wee lamb's latest alt on ignore.

People have been more diligent about "Report to moderator" and those accounts haven't been lasting long anyway.

Though there's at least one with a fairly decent activity count where I think Lambie is playing the long con.

[owlcatz]

But i hear many blocks get mined with zero or few tx's.. why?  

edit - dafuq is a lambie sorry hahaha

[lightfoot]

But i hear many blocks get mined with zero or few tx's.. why?  

edit - dafuq is a lambie sorry hahaha

Lot of spam transactions, clog up the fucking bitcoind getwork. Thus transactions have to have a min tx fee. Also there is a fake belief that not putting the transactions into the found block will allow your crap-pool to mine a tiny advantage on the next block.

[peonminer]

You should add a few coins to your short

[ChartBuddy]

Coin



Explanation

[owlcatz]

But i hear many blocks get mined with zero or few tx's.. why?  

edit - dafuq is a lambie sorry hahaha

Lot of spam transactions, clog up the fucking bitcoind getwork. Thus transactions have to have a min tx fee. Also there is a fake belief that not putting the transactions into the found block will allow your crap-pool to mine a tiny advantage on the next block.

Well that's fucking dumb, it's just throwing money away in tx fees. 

[owlcatz]

You should add a few coins to your short

How's your crapcoin Sprouts doing, buddy? Any better than yesterday's 30% plunge? http://coinmarketcap.com/currencies/sprouts/ Let's see...
Better, better! Only fell 14% today

Off topic. Sprouts is a shitcoin, who cares. this is the bitcoin wall observer thread, show some respect. lol. 

[Cconvert2G36]

Off topic. Sprouts is a shitcoin, who cares. this is the bitcoin wall observer thread, show some respect. lol.  

But it's our jew fearing friend Peonminer's shitcoin, therefore relevant.

Edit: embarrassed about being a reactionary mouth breather? fine I'll delete this as you apparently recognized how stupid you looked

Edit2: doubled down? ok nvm

[ssmc2]

So who's buying today that couldn't have bought yesterday when FOMO was running rampant?  Every ten minutes, new coins are mined. Every day, blocks get closer to 1MB.  Every day, the people that bought above $460 feel a little more burned.

-Speculators
-Degenerates
-Drug users/Drug dealers
-Gamblers
-Rich people
-Techy coder types

Everyday, day after day.

My kind'a people

[BlindMayorBitcorn]

So who's buying today that couldn't have bought yesterday when FOMO was running rampant?  Every ten minutes, new coins are mined. Every day, blocks get closer to 1MB.  Every day, the people that bought above $460 feel a little more burned.

-Speculators
-Degenerates
-Drug users/Drug dealers
-Gamblers
-Rich people
-Techy coder types

Everyday, day after day.

My kind'a people

Have a cigar.

[billyjoeallen]

You should add a few coins to your short

Nobody is fucking shorting except me. Where do you get this idea that it's margin bears holding the price down? ~ 374 coins were shorted in the last 24 hours. That's about 1/10th of the coins mined in that period.  How much of a pop is a 7K coin short squeeze gonna give you?  You would also have to believe that 24 Million in leveraged longs on BFX alone aren't going to take profits before that happens. 

The pump if there is one has to come from new money.  Who besides me even has any fiat now? Other bears, that's who and we ain't buying at these prices.

[peonminer]

You should add a few coins to your short

How's your crapcoin Sprouts doing, buddy? Any better than yesterday's 30% plunge? http://coinmarketcap.com/currencies/sprouts/ Let's see...
Better, better! Only fell 14% today

Off topic. Sprouts is a shitcoin, who cares. this is the bitcoin wall observer thread, show some respect. lol.  

The boy just seems so angry all the time, I figured maybe if I expressed some interest in his other failures shitcoin of choice, he'd warm up to me a bit. Who would'a thought a coin could tank so hilariously hard for so many days in a row? Guess it was a lousy time to bring it up. Again.
Fuck my luck

Shooting for the Doge tank award (; Will buy the entire supply at 1 oshi no fear of jews. How can you fear a population that was almost exterminated by the Nazis? Keep bashing lambie shill. Every time you bash it goes up. It's one of the few coins you can use to get out of Cryptsy's black hole, BTW (;  I love your enthusiasm when it comes to whining, lambie. You are definitely a professional child/indecisive bigot. Congratulations at being the most shameful excuse for a human being in current existence. You never cease to surprise us! How's that 450 short working for ya

[JimboToronto]

So who's buying today that couldn't have bought yesterday when FOMO was running rampant?  Every ten minutes, new coins are mined. Every day, blocks get closer to 1MB.  Every day, the people that bought above $460 feel a little more burned.

-Speculators
-Degenerates
-Drug users/Drug dealers
-Gamblers
-Rich people
-Techy coder types

Everyday, day after day.

You forgot terrorists.

Oh, and emigrants sending part of their paychecks home.

Or do the terrorists count as degenerates and the emigrants as rich people (in their native countries)?

Or the other way around?

[BlindMayorBitcorn]

So who's buying today that couldn't have bought yesterday when FOMO was running rampant?  Every ten minutes, new coins are mined. Every day, blocks get closer to 1MB.  Every day, the people that bought above $460 feel a little more burned.

-Speculators
-Degenerates
-Drug users/Drug dealers
-Gamblers
-Rich people
-Techy coder types

Everyday, day after day.

You forgot terrorists.

Oh, and emigrants sending part of their paychecks home.

Or do the terrorists count as degenerates and the emigrants as rich people (in their native countries)?

Or the other way around?

It isn't a comprehensive list.

[billyjoeallen]

But i hear many blocks get mined with zero or few tx's.. why?  

edit - dafuq is a lambie sorry hahaha

Lot of spam transactions, clog up the fucking bitcoind getwork. Thus transactions have to have a min tx fee. Also there is a fake belief that not putting the transactions into the found block will allow your crap-pool to mine a tiny advantage on the next block.

Let's assume that you successfully get people to pay 50% xaction fees. How much does that give miners if that drives the price back down to $10/BTC?

You think the people that sunk hundreds of millions into Circle, Bitpay and 21 will put another fucking dime into bitcoin before this scaling thing is resolved? 

CRIPPLE COINS FOR SALE. ONLY A HUNDRED PERCENT HIGHER THAN THEY WERE THREE MONTHS AGO!

wOOhOO! LET ME GET RIGHT ON THAT. A REAL BARGAIN.

[inca]

I see this thread continues to degenerate..

[BlindMayorBitcorn]

I see this thread continues to degenerate..

Don't talk about me like that. I'm trying my best