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

[pinger]

Idk I don't see the fork as really a big deal... just got to upgrade software like everything else.  

I have had many alt forks with no issues or consequences. Just another day in crypto land

I think its all political almost and just gives everyone something to talk about lol

https://bitcoinmagazine.com/articles/bitcoin-network-shaken-by-blockchain-fork-1363144448

We've even fallen ass first into a fork and we're still here.


Edit: @shmadz

This is a reason to go to 1200, we have a problem and it was not the end of the world, congratulations all

[MinermanNC]

Yep, I'm just ready to get on with the show. I think once done it will be good for bitcoin. End this madness lol

[chopstick]

From the RAND corporation virtual currency report:

"The report suggests that the U.S. Department of Defense should disrupt decentralized digital currencies to prevent “unprecedented global access to information and communication services that, at its core, is agnostic to the national security interests of the United States.”

Therefore, the RAND report suggests pre-emptive strikes and notes that “perhaps the best strategy for the United States and its allies to thwart a VC deployment would be to target those properties of a VC that would most increase its acceptance, most notably transaction anonymity, security, and availability.”

Link:

https://www.reddit.com/r/Bitcoin/comments/40lwsq/the_rand_corporation_report_national_security/

[abercrombie]

is crypto done?? 

[AlexGR]

Bitcoin mining is more like a cartel rather than a free market. When 4-5 people have supermajority, it's an issue.

A little different when these 4-5 people are backed by thousands who contribute hashes to them, and will move their hashes if they vehemently disagree with their decisions.

In development, we have even fewer people with permanent veto power to block any change involving a hardfork, because consensus. Oh, and these people happen to have formed a company, and have been given $21 mil to build a profit seeking business that can provide the medicine for a disease that they incubated... an issue indeed.

Too much blame for my preferences... It's not like altcoins have solved scaling or the attack vectors related to spamming (except by raising fees - which is the way for BTC too).

In the end of the day there is an equilibrium between the available transaction space, the fees paid, the abuse the network gets and the willingness of miners to mine transactions. And this equilibrium will not get any better (in favor of scaling) if either

a) the software itself doesn't gets better in terms of using storage, processing and network resources
b) the resources themselves aren't upgraded to cope, as technology improves

[ChartBuddy]

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Explanation

[MinermanNC]

Where's Satoshi when we need him lol I would love to know what the man himself thinks about all this 

[Dotto]

I'll be blunt:  I think Luke Dashjr fits the definition of a poisonous person, and I think Bitcoin would be better without him. At the very least, we wouldn't be creating two BIPs for every technical issue, one for Luke and one for the rest of us (see BIP 16/17, and now we have BIP 20/21, too).

 

LOOOOOL

[MinermanNC]

I'll be blunt:  I think Luke Dashjr fits the definition of a poisonous person, and I think Bitcoin would be better without him. At the very least, we wouldn't be creating two BIPs for every technical issue, one for Luke and one for the rest of us (see BIP 16/17, and now we have BIP 20/21, too).

 

LOOOOOL

Whew, now we know 

[Dotto]

My inner bull isn´t happy with this price action. It makes me think in an incoming dumpage.

I nailed it

[lottery248]

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Explanation

did anyone here get any news about bitcoin? why did the bitcoin from $450 to 430?
is that an affection by the stock market recovery? would this lead bitcoin to either better or worse?

[ChartBuddy]

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Explanation

[fisheater22]

<click for full rez
http://www.sadtrombone.com/

[billyjoeallen]

Cor devs really screwed the pooch letting this fork get so out of hand before backpedaling.  Hopefully they will lose enough credibility with miners so we can just go to 2 MB when the blocks fill up.

Consensus is forming around 2MB.

[suda123]

Cor devs really screwed the pooch letting this fork get so out of hand before backpedaling.  Hopefully they will lose enough credibility with miners so we can just go to 2 MB when the blocks fill up.

Consensus is forming around 2MB.

How does fish eater and you show up at the same time

[CocoBongo]

one please summ up what the F everyone is talking about in the last pages

im sitting here on my azz seeing the charts drop what the F is going ok ?

just another fart in the universe or some srs business ?

[bad trader]

The dump was stopped by the Stampline (and the previous $430 level). We will probably follow the Stampline for a while.

Bitstamp:

wow that's escalated quickly, up $20 within a few hours, can anyone here to explain the reason?

Someone could be trying to prop the price up.

Huobi:


And it probably involves lent money (even if it started before all the money was lent).

Bitfinex USD swaps:

It seems I was right. The pump just delayed the dump. (Though we didn't actually go below the previous price level, so maybe it's too soon for me to gloat.)

Huobi:

[suda123]

one please summ up what the F everyone is talking about in the last pages

im sitting here on my azz seeing the charts drop what the F is going ok ?

just another fart in the universe or some srs business ?

it all says buy more bitcoin

[JayJuanGee]

My inner bull isn´t happy with this price action. It makes me think in an incoming dumpage.

I nailed it

That is ridiculous.

[ChartBuddy]

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Explanation