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

[Cconvert2G36]

Jorge is the troll we need, but not the one we deserve.

May your "academic interest only" continue through 2016. 

[JorgeStolfi]

The problem is that the cost [ of validating a transaction ] grows like N^2 for N inputs. 

By the way, there is no excuse for the cost to be quadratic.  That is one of the many crocks in the BitcoinCore implementation, that will take more crocks to work around.  Like the Segregated Witnesses proposal,  malleability and its partial patches, blockchain voting to increase the limit, etc..

There you have another possible failure mode for Bitcoin: runaway code crockification (RCC).  As the code gets more complicated and ugly, fewer competent people will be willing to work on it.  Their place will be taken by incompetent pople, who will add even more crocks -- and so on until the code will fail and there will be no one capable of fixing it in time.

Just a possibility; but after seeing the malleability problems,  the Fork of July fiasco, the "fee merket" plans and the RBF hack, the Seg Wit proposal -- I fear that the RCC may be already underway...

[JorgeStolfi]

May your "academic interest only" continue through 2016. 

Thanks! Happy new year, wisdom and all the best to everybody! 

[ChartBuddy]

Coin



Explanation

[MinermanNC]

Happy New year!

I'd say we ended up ok. Been a rough and tumble bitcoin year but I think in 2016 BTC will shine 

[noobtrader]

Happy NEW YEAR 2016 !!!

i hope bitcoin will soon reach ATH !!!

[ChartBuddy]

Coin



Explanation

[Tmdz]

Can't wait for all this new money to find its way to bitcoin in 2016  it's going to be an EPIC year

[Chef Ramsay]

Happy New Year, folks! "Walk The Moon 2016"

[Mrpumperitis]

 :)Happy new yr and gd luck to all 

[Mrpumperitis]

https://twitter.com/petertoddbtc/status/682710904098574336

I've signed the "Capacity increases for the Bitcoin system" plan for Bitcoin Core. https://github.com/bitcoin-dot-org/bitcoin.org/pull/1165#issuecomment-168263005 …

[ChartBuddy]

Coin



Explanation

[Mrpumperitis]

Difficulty History
Date    Difficulty    Change    Hash Rate
Dec 31 2015    103,880,340,815    11.16%    743,604,444 GH/s
Dec 18 2015    93,448,670,796    18.14%    668,931,642 GH/s
Dec 06 2015    79,102,380,900    8.77%    566,236,898 GH/s
Nov 24 2015    72,722,780,643    10.44%    520,569,941 GH/s
Nov 11 2015    65,848,255,180    5.77%    471,360,171 GH/s
Oct 29 2015    62,253,982,450    2.25%    445,631,364 GH/s
Oct 15 2015    60,883,825,480    0.12%    435,823,399 GH/s
Oct 01 2015    60,813,224,039    2.49%    435,318,014 GH/s
Sep 17 2015    59,335,351,234    4.17%    424,738,988 GH/s
Sep 04 2015    56,957,648,455    4.98%    407,718,729 GH/s
Aug 22 2015    54,256,630,328    2.95%    388,384,088 GH/s

[Cconvert2G36]

https://twitter.com/petertoddbtc/status/682710904098574336

I've signed the "Capacity increases for the Bitcoin system" plan for Bitcoin Core. https://github.com/bitcoin-dot-org/bitcoin.org/pull/1165#issuecomment-168263005 …

Pu-pu-pu-pumperitis babay



http://blog.viacoin.org/2014/07/31/viacoin-hires-peter-todd.html

[ChartBuddy]

Coin



Explanation

[suda123]

https://twitter.com/petertoddbtc/status/682710904098574336

I've signed the "Capacity increases for the Bitcoin system" plan for Bitcoin Core. https://github.com/bitcoin-dot-org/bitcoin.org/pull/1165#issuecomment-168263005 …

Pu-pu-pu-pumperitis babay



http://blog.viacoin.org/2014/07/31/viacoin-hires-peter-todd.html

ooooooooooooooooo

[ChartBuddy]

Coin



Explanation

[Cconvert2G36]

Happy New Year,



You filthy animals.

[PoolMinor]

[shmadz]

The problem is that the cost [ of validating a transaction ] grows like N^2 for N inputs. 

By the way, there is no excuse for the cost to be quadratic.  That is one of the many crocks in the BitcoinCore implementation, that will take more crocks to work around.  Like the Segregated Witnesses proposal,  malleability and its partial patches, blockchain voting to increase the limit, etc..

There you have another possible failure mode for Bitcoin: runaway code crockification (RCC).  As the code gets more complicated and ugly, fewer competent people will be willing to work on it.  Their place will be taken by incompetent pople, who will add even more crocks -- and so on until the code will fail and there will be no one capable of fixing it in time.

Just a possibility; but after seeing the malleability problems,  the Fork of July fiasco, the "fee merket" plans and the RBF hack, the Seg Wit proposal -- I fear that the RCC may be already underway...

Curious, professor, to have your take on current efforts to de-crock the Satoshi codebase going on here -> http://thebitcoin.foundation