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

[AlexGR]

Meanwhile BankAmericoin, Applecoin, FBcoin and others are going to roll out their products and the first mover advantage will be squandered.

You seem to be missing the point of why we are here.

BTC is not first mover in the ...centralized payment systems or centralized currencies space. The systems you mention, if they are ever created, will compete with visa, paypal, etc: Centralized stuff.

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[Fatman3001]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.

Fork off if that doesn't make you happy.

Why don't you, small blockers, fork off? Most people want raised block size...most people = bitcoin...if you don't hear the community, YOU FORK OFF

 

the community is not represented by loud mouths on twitter and reddit you chump

if you don't like Bitcoin as it is, YOU fork off.

Nobody likes Bitcoin as it is. That's why everyone is screaming for more and better developers.

Seriously, if you want Bitcoin as it is you'll have to do a MaggieCoin fork where you arrest its development and take the rest of your inbred sect with you.

GMaxwell can be your leader.

[brg444]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.

Fork off if that doesn't make you happy.

Why don't you, small blockers, fork off? Most people want raised block size...most people = bitcoin...if you don't hear the community, YOU FORK OFF

 

the community is not represented by loud mouths on twitter and reddit you chump

if you don't like Bitcoin as it is, YOU fork off.

Nobody likes Bitcoin as it is. That's why everyone is screaming for more and better developers.

Did you volunteer yet?

Who's going to lead development of your new coin. Peter R?

[brg444]

Bitcoin is not about community, it is about money.

+1

[Feri22]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.

Fork off if that doesn't make you happy.

Why don't you, small blockers, fork off? Most people want raised block size...most people = bitcoin...if you don't hear the community, YOU FORK OFF

 

the community is not represented by loud mouths on twitter and reddit you chump

if you don't like Bitcoin as it is, YOU fork off.

Nobody likes Bitcoin as it is. That's why everyone is screaming for more and better developers.

Seriously, if you want Bitcoin as it is you'll have do a MaggieCoin fork where you arrest its development and take the rest of your inbred sect with you.

GMaxwell can be your leader.

Thank you

[Fatman3001]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.

Fork off if that doesn't make you happy.

Why don't you, small blockers, fork off? Most people want raised block size...most people = bitcoin...if you don't hear the community, YOU FORK OFF

 

the community is not represented by loud mouths on twitter and reddit you chump

if you don't like Bitcoin as it is, YOU fork off.

Nobody likes Bitcoin as it is. That's why everyone is screaming for more and better developers.

Seriously, if you want Bitcoin as it is you'll have to do a MaggieCoin fork where you arrest its development and take the rest of your inbred sect with you.

GMaxwell can be your leader.

Instead of coming up with an adequate response I'll just edit your post and write some nonsense.

I know. I'm a fucking loser.

Sorry to hear that.

But don't be too hard on yourself. Life can throw you a curveball from time to time. It's not the end of the world.

[gentlemand]

It looks like it's time to rent a barn in the boonies, dig a pit and throw the various block factions down it covered in olive oil and naked as the day they were born. The first one to emerge from it alive dictates where we're headed.

[sAt0sHiFanClub]

Bitcoin is not about community, it is about money.

+1

Romanian Gypsy turds usually roll around in threesomes, where's icebreaker?   

[billyjoeallen]

Arguing that there is no valid reason to raise the block size limit now doesn't address the issue. The issue is that there is no condition known that will cause Core to raise the limit and no known process by which they would do so. So IF for example, every single block was full for a week and fees go up 100X what they are now, we still don't know how long it would take for the problem to be fixed or even if Core would consider that a problem worth fixing.

We don't even know if there is to be a permanent schedule of increases or a permanent sitting committee to determine such things so we can go through this whole damn thing again in a year or two.

What is the fair price for a transaction fee in the absence of a free market? There is no such thing, only the arbitrary judgement of fallible human controllers.

The philosophical issue boils down to Rule of Law vs. Rule of Man.  Is economic policy in the hands of impartial code or in the hands of corruptible, biased humans? 

Do we really need another monetary system held hostage to central planners? We need a hard-coded solution, not a goddamned committee. The blocksize limit doesn't just create a market for transaction fees. It creates a market for influence over the people controlling the cap.

[sAt0sHiFanClub]

Meanwhile BankAmericoin, Applecoin, FBcoin and others are going to roll out their products and the first mover advantage will be squandered.

You seem to be missing the point of why we are here.

BTC is not first mover in the ...centralized payment systems or centralized currencies space. The systems you mention, if they are ever created, will compete with visa, paypal, etc: Centralized stuff.

Good point. Remember that bitcoin is actual value - all the others are just intermediaries for fiat. Paypal and Apple and the others never touch a red cent - they are just notification layers.

[Fatman3001]

Thank you

No problem.

That guy is more annoying than me. And that's too much.

[inca]

Conspicuously missing from the Blockstream roadmap are any specifics such as:

At X time, the block size limit will be increased by Y amount

When X% of blocks are full, the limit will be raised by Y amount

At X difficulty level, X transaction fee level, X number of nodes, etc...

Simple: there is no plan to increase the block size through a hard fork anytime soon seeing as there is no valid reasons to do so.

Fork off if that doesn't make you happy.

Why don't you, small blockers, fork off? Most people want raised block size...most people = bitcoin...if you don't hear the community, YOU FORK OFF

 

the community is not represented by loud mouths on twitter and reddit you chump

if you don't like Bitcoin as it is, YOU fork off.

Nobody likes Bitcoin as it is. That's why everyone is screaming for more and better developers.

Did you volunteer yet?

Who's going to lead development of your new coin. Peter R?

Well Bitcoin Unlimited already has approaching 2% of the network in only a few days. Not a bad start. Keep your head in the sand old chap.

[suda123]

Arguing that there is no valid reason to raise the block size limit now doesn't address the issue. The issue is that there is no condition known that will cause Core to raise the limit and no known process by which they would do so. So IF for example, every single block was full for a week and fees go up 100X what they are now, we still don't know how long it would take for the problem to be fixed or even if Core would consider that a problem worth fixing.

We don't even know if there is to be a permanent schedule of increases or a permanent sitting committee to determine such things so we can go through this whole damn thing again in a year or two.

What is the fair price for a transaction fee in the absence of a free market? There is no such thing, only the arbitrary judgement of fallible human controllers.

The philosophical issue boils down to Rule of Law vs. Rule of Man.  Is economic policy in the hands of impartial code or in the hands of corruptible, biased humans? 

Do we really need another monetary system held hostage to central planners? We need a hard-coded solution, not a goddamned committee. The blocksize limit doesn't just create a market for transaction fees. It creates a market for influence over the people controlling the cap.

https://np.reddit.com/r/Buttcoin/comments/3xvvy4/as_the_new_year_approaches_id_like_to_declare/

[hdbuck]

Meanwhile BankAmericoin, Applecoin, FBcoin and others are going to roll out their products and the first mover advantage will be squandered.

You seem to be missing the point of why we are here.

BTC is not first mover in the ...centralized payment systems or centralized currencies space. The systems you mention, if they are ever created, will compete with visa, paypal, etc: Centralized stuff.

Good point. Remember that bitcoin is actual value - all the others are just intermediaries for fiat. Paypal and Apple and the others never touch a red cent - they are just notification layers.

What? Bitcoin is not a startup?!

[peonminer]

It looks like it's time to rent a barn in the boonies, dig a pit and throw the various block factions down it covered in olive oil and naked as the day they were born. The first one to emerge from it alive dictates where we're headed.

[ChartBuddy]

Coin



Explanation

[suda123]

Coin



Explanation

Why is the price going up? was it a bear trap?

[sAt0sHiFanClub]

Meanwhile BankAmericoin, Applecoin, FBcoin and others are going to roll out their products and the first mover advantage will be squandered.

You seem to be missing the point of why we are here.

BTC is not first mover in the ...centralized payment systems or centralized currencies space. The systems you mention, if they are ever created, will compete with visa, paypal, etc: Centralized stuff.

Good point. Remember that bitcoin is actual value - all the others are just intermediaries for fiat. Paypal and Apple and the others never touch a red cent - they are just notification layers.

What? Bitcoin is not a startup?!

I'm sure that was profound in french.

[inca]

Just noise atm..

[ChartBuddy]

Coin



Explanation