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

[Cconvert2G36]

-snip-
I should have just read the tag line.

Reads quite a bit like sour grapes ... didn't get the invite to the big table? ... lost a little money on some half-baked start-up ideas? ... don't really understand the tech. as well as you thought?

Don't feel bad, Open Source is a difficult minefield to navigate commercially. Open Source money is guaranteed to leave no-one unscathed coming out the other side.

Now that we're focused on the messenger, any other guesses as to my motivations? This is fun.

I've had a policy of trust no one in cryptoland, it's worked out quite nicely for me so far. My questions WRT the motivations of Blockstream's investors, their employees, and the "reference" client they control... are very much in keeping with this policy. 

[sAt0sHiFanClub]

-snip-
I should have just read the tag line.

Reads quite a bit like sour grapes ... didn't get the invite to the big table? ... lost a little money on some half-baked start-up ideas? ... don't really understand the tech. as well as you thought?

Don't feel bad, Open Source is a difficult minefield to navigate commercially. Open Source money is guaranteed to leave no-one unscathed coming out the other side.

Now that we're focused on the messenger, any other guesses as to my motivations? This is fun.

I've had a policy of trust no one in cryptoland, it's worked out quite nicely for me so far. My questions WRT the motivations of Blockstream's investors, their employees, and the "reference" client they control... are very much in keeping with this policy. 

Especially those who explicitly tell you to "trust us"

[ChartBuddy]

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[JayJuanGee]

-snip-
I should have just read the tag line.

Reads quite a bit like sour grapes ... didn't get the invite to the big table? ... lost a little money on some half-baked start-up ideas? ... don't really understand the tech. as well as you thought?

Don't feel bad, Open Source is a difficult minefield to navigate commercially. Open Source money is guaranteed to leave no-one unscathed coming out the other side.

Now that we're focused on the messenger, any other guesses as to my motivations? This is fun.

I've had a policy of trust no one in cryptoland, it's worked out quite nicely for me so far. My questions WRT the motivations of Blockstream's investors, their employees, and the "reference" client they control... are very much in keeping with this policy. 

Especially those who explicitly tell you to "trust us"

Trust me, bitcoin is going on a choo choo mf in the very near future.       

[ChartBuddy]

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[ChartBuddy]

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[BlindMayorBitcorn]

what happened to the coffee-gasms you used squirt all over the WO thread?

It seemed to piss too many people off so I didn't bother any more.

It was usually all about trying to stay awake when we were going sideways so often people posted GIFs of tumbleweeds.

Coffee is just a crack-of-noon wakeup drink for me anyway. After happy hour it's strictly booze, preferably Guinness Extra Stout.

Hey Jimbo, Any thoughts on how long we'll move sideways now? Also would you care to comment and throw in a few bits regarding core/blocksize/bitpay/coinbase current loggerjam/loggerhead? not sure which its supposed to be with regards to above term lol. Thanks.

I'm curious as well. I can't help but notice he's yet to appreciate Blockstream.

Very suspicious.

I've consciously tried to abstain from the blocksize debate. I don't do coding myself (not since Microsoft Basic on a TRS-80  ) so I have to place my trust in the worldwide Bitcoin "community" to police the open-source code. When I delegate, I try not to interfere.

That said, I see the need for larger blocks with time. I also see people with a political agenda trying to use the debate for their own purposes. I'll leave politics to the politicians.  

Blockstream? I don't follow it too closely but I know it's a sidechain technology [company], as is Ethereum which I don't follow that closely either, although I did attend a meetup just before the launch in which Vitalik Buterin spoke and outlined the advantages of decentralized contracts. Blockchain 2.0 obviously holds great promise but I don't see it as competing with Bitcoin, which has achieved critical mass ahead of any altcoins.

As for how long we'll go sideways this time, my guess is probably for a few days although being the weekend, anything can happen.

Fixed/bolded.


*Vote Blockstream^TM.

[BlindMayorBitcorn]

For Lambie: I believe he has a soft-spot for this enterprising young go-getter.

http://www.coindesk.com/bitcoin-startup-ceo-resurfaces-2-year-disappearance/

Danny Brewster, the founder and CEO of Cyprus-based bitcoin banking startup Neo & Bee, is now tweeting from his former Twitter handle @BtcDanny, with messages including promises that he intends to reimburse investors for losses incurred during what can be best described as a contentious period of company turmoil at the start of 2014.

[Cconvert2G36]

-snip-
Fixed/bolded.


*Vote Blockstream^TM.

[BlindMayorBitcorn]

-snip-
Fixed/bolded.


*Vote Blockstream^TM.

Please (Cconvert2G36), allow me to explain. Core is only part of the bigger picture. At Blockstream^TM we pride ourselves on forward-thinking, deep-future planning, and paradigm shifting.

Blockstream: We put the icing on your cake!


*We put the icing on your cake! is a registered trademark of the Blockstream corporation and its subsidiaries... All reights rezerv'd.

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[Omikifuse]

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what, all exchanges are down

[marcus_of_augustus]

oh, a troll circlejerk now ... how predictable.

[ChartBuddy]

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[ChartBuddy]

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[Andre#]

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It least it's proven now that under normal conditions, the transaction capacity of 1 MB blocks is indeed 2.5 tx/s.

BTW, thanks for improving the font. Much better like this.

[billyjoeallen]

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It least it's proven now that than at under normal conditions, the transaction capacity of 1 MB blocks is indeed 2.5 tx/s.

BTW, thanks for improving the font. Much better like this.

That translates to less than a quarter million transactions/day.  We're running around 200,000 xactions/day and growing at a rate of ~40%/month which means we have weeks, not months before the fullblocalypse starts, although it may take months to play out.

[Andre#]

I couldn't have said it any better.


"Forking pressure: May 2015 vs Now" by /u/Bitcoo

https://www.reddit.com/r/btc/comments/402v32/forking_pressure_may_2015_vs_now_by_ubitcoo/