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

[Trolfi]

You mean you're not all in?!

I want MOAR. And to lower my DCA.

[rolling]

This block thing needs to be solved once and for all now and never addressed again. "The Last Hardfork".

Anything less than that and Bitcoin will fail.

[CuntChocula]

I don't think its going to be a hard crash. I think are many seeing it as a good time to buy a little BTC. Not sure how much of this dip in price is really about Mike Hearn ( if any) anyways. I see more of it as a reaction with Cryptsy (and the bad press it always brings) and the stock market crashing today. Come  Monday make that Tuesday lol, Monday is a U.S holiday.....things will be back swinging upwards probably on all fronts...  

So. Markets fell about 2%, and BTC fell 15%? Sounds legit :-

Its a ratio thing  

Somebody here told me once that Bitcoin should do well when legacy economy begins to crumble, but you're telling me it ain't so?

[lemmyK]

Just watch on coinbase NOW.. get all from them to fiat.. now is safe fiat .......    

[DaRude]

This block thing needs to be solved once and for all now and never addressed again. "The Last Hardfork".

Anything less than that and Bitcoin will fail.

It's this kind of thinking of getting a silver bullet rather than an ongoing  process that gets us in trouble

[becoin]

Drama queen or not, he had some valid points - not necessary technically, but about the whole deadlock situation and censorship.

People that are censored don't get featured in NYT articles and mentioned in R3 testimony broadcasted by every tv channel, bud!

[fisheater22]

People that are censored don't get featured in NYT articles and mentioned in R3 testimony broadcasted from every tv channel, bud!

Why can't the mainstream press just leave our Bitcoin alone?

[rolling]

This block thing needs to be solved once and for all now and never addressed again. "The Last Hardfork".

Anything less than that and Bitcoin will fail.

It's this kind of thinking of getting a silver bullet rather than an ongoing  process that gets us in trouble

Bitcoin can't fundamentally change and shouldn't change. There is no real governance, nor should there be. It needs set rules and that's it. The idea that it can change is what's getting us in trouble. Sure, added features that conform to the set rules are fine but things that cause hard forks can't happen anymore. The bigger it gets, the harder its going to be for these changes. It has to be a silver bullet or nothing.

[Lauda]

Drama queen or not, he had some valid points - not necessary technically, but about the whole deadlock situation and censorship.

People that are censored don't get featured in NYT articles and mentioned in R3 testimony broadcasted by every tv channel, bud!

He was wrong on most of his 'technical' points anyways or they were misinterpretations of the reality. Do not trust that guy, especially not after this. He could have been the inside man all along.

He sold himself to the media as one important (if not the most important) developer. Which is a fucking joke! Yes he did some work but i wouldnt name him in the Top10. Hilarious that he could make such an public impression...

I'm leaning towards making a public list of shame where names such as Hearn and Karpeles would come up with explanations to what they did (possibly even a rating mechanism). They sure deserve it.

[becoin]

People that are censored don't get featured in NYT articles and mentioned in R3 testimony broadcasted from every tv channel, bud!

Why can't the mainstream press just leave our Bitcoin alone?

Mainstream presstitutes are just property of the financial oligopoly. Do I need to tell why banks can't leave bitcoin alone?!

[AZwarel]

So this is all because of Mike?

Mike only stated facts. Small blockians are those to blame.

Nope, Mike went to New York Times, told "Bitcoin is dead!" and informed the public about the ongoing inner-Bitcoin fight. THAT did fucking damage to BTC and was completely unnecessary!

Its not about big or small blocks its about being a fucking dramaqueen!

Drama queen or not, he had some valid points - not necessary technically, but about the whole deadlock situation and censorship. Ofc, he should not go to the stupid mainstream media, who want the blood of bitcoin.
Still, he raised good points in his blog post (not in the NYT article!!!) about that there should NOT be a fee market, which is arising artificially, based on an old DoS prevention mechanism (which was always thought to
be temporary!). There is no fee market (or shouldn't be), this is system with a >6bil$ market cap, with less than 0,1% world population using it, and they ALREADY want to develop a blockage with transaction throughput?? Just count: doesn't matter, how high fees go - it is still impossible to do more than 4-7 ts/s!!! Fees do not solve this hardcap!! People will just not transact.

That's why the Harn "whistleblow" in MSM caused panic sell, many realized we MUST act NOW. Check out, 70% of big miners/ processing companies /exchanges already signed Bitcoin Classic https://bitcoinclassic.com/ after 2 days...

Or will they be just censored again? You mean 70-80% of the industry can be censored? :-)

Its not a "whistleblow" cause the public and MSM dont care about such details, all they understand is that Bitcoin has inner fights going on. You see a whistleblow is usually something that wakes up important players that take action then, but in this case who did he wake up? Nobody, cause all important players are already aware of the issue. To cause a crash and to demolish the image of Bitcoin in public further is just what it is an asshole action.

He may have had some valid point, nevertheless his NYT article overshadows this completely as we did know those things before. Also his medium article is full of bullshit also, i would say 75% is just crap and 25% is valid concern.

Agree with the MSM part, they don't care or know, which is funny btw . I do not mind "inner fights", or that it turned out to the public that we have those. In my POW, the whole point of a decentralized system, is that there can BE differing views! Am not here to judge, it may seems he hurted BTC for now, but we do not know the future, this might forced something which will be beneficial in the long run - if nothing else, cheap coins for me :-D. I focus on the 25% valid concern; those are still problems to be sold!

[ImI]

People that are censored don't get featured in NYT articles and mentioned in R3 testimony broadcasted from every tv channel, bud!

Why can't the mainstream press just leave our Bitcoin alone?

LOL, are you asking the same questions when Bitcoin surges after some TV/press brought another special about Bitcoin?

Bitcoin/blockchain is an interesting evolving technology its obv that they cover it.

[AZwarel]

Drama queen or not, he had some valid points - not necessary technically, but about the whole deadlock situation and censorship.

People that are censored don't get featured in NYT articles and mentioned in R3 testimony broadcasted by every tv channel, bud!

He was wrong on most of his 'technical' points anyways or they were misinterpretations of the reality. Do not trust that guy, especially not after this. He could have been the inside man all along.

He sold himself to the media as one important (if not the most important) developer. Which is a fucking joke! Yes he did some work but i wouldnt name him in the Top10. Hilarious that he could make such an public impression...

I'm leaning towards making a public list of shame where names such as Hearn and Karpeles would come up with explanations to what they did (possibly even a rating mechanism). They sure deserve it.

I do not want to be rude, or anything, but this is not a religion. There can be no heretics. And if a single person, with a single article can hurt "this much", maybe the system ain't that strong enough after all- yet?

Never understood why would anyone follow a "leader" here, and strangle the kitten of the "other tribe's warchief". This is so stone age, and explains why still no consensus, hint hint.

[Cconvert2G36]

"Raise the block size!" they said.

"We have consensus!" they said.

"Market is going to rally around big blocks" they said.

welp  

Your tears are delicious.

I saw you rage tweeting BitFury earlier...     No matter, "socioeconomic consensus" doesn't need miners... amirite?

The tide is turning against the Blockstream takeover. Can't say I didn't try to warn you. 

You've been bootlicking the wrong powers. Bitcoin routes around attempts to steer and control it, about time you learned that. The control you believed they possessed is slipping like sand out of a clenched and mailed fist.

I'm salivating about buying up a piece of Mircea's suicide short this spring. I would try to buy some of your rage dumping too... but your join date probably makes that goal moot.

 



Blockstream Core... #REKT

[Spaceman_Spiff]

Holy fuck, I was expecting it to go down after 430, but not so fucking fast.

[fisheater22]

People that are censored don't get featured in NYT articles and mentioned in R3 testimony broadcasted from every tv channel, bud!

Why can't the mainstream press just leave our Bitcoin alone?

Mainstream presstitutes are just property of the financial oligopoly. Do I need to tell why banks can't leave bitcoin alone?!

That's plumb awful! What's to be done?
Can't we crowdfund a bitcoin television station to expose statist bankster lies?  I'm pretty good with electricity, used to make the telly picture all snowy with my sparky coil, I volunteer to be the CTO.

[pleaseexplainagain]

Drama queen or not, he had some valid points - not necessary technically, but about the whole deadlock situation and censorship.

People that are censored don't get featured in NYT articles and mentioned in R3 testimony broadcasted by every tv channel, bud!

He was wrong on most of his 'technical' points anyways or they were misinterpretations of the reality. Do not trust that guy, especially not after this. He could have been the inside man all along.

He sold himself to the media as one important (if not the most important) developer. Which is a fucking joke! Yes he did some work but i wouldnt name him in the Top10. Hilarious that he could make such an public impression...

I'm leaning towards making a public list of shame where names such as Hearn and Karpeles would come up with explanations to what they did (possibly even a rating mechanism). They sure deserve it.

any big change in price is not so much due to one person - a hearn or karpeles- or one thing - scaling issues though they be trigger points but simply pumping and then drops. Just 3 months ago the price was $271 and it went to about $450 on no real good news of any sort - that is just pumping .. So inevitably there will be dumping yet where we are now ($366) is still $90 above $271. It could easily now go to say $250 but even then we have just returned to the price 3 months ago ie a $250 price would not be new nor special

 

[Lauda]

I do not want to be rude, or anything, but this is not a religion. There can be no heretics. And if a single person, with a single article can hurt "this much", maybe the system ain't that strong enough after all- yet?

Never understood why would anyone follow a "leader" here, and strangle the kitten of the "other tribe's warchief". This is so stone age, and explains why still no consensus, hint hint.

What are you talking about? This has nothing to do with the system. The system is unharmed and the maths behind it are impenetrable (in the todays world). This is about the sheep of this world and the corrupt media. Most of the media quickly picked up on this as the ultimate truth even though Hearns words have no meaning anymore and are backed by nothing but bias and rage (due to the failure of his project). I'm quite annoyed and tired of this constant nonsense. These people need to be shamed for all eternity.

any big change in price is not so much due to one person - a hearn or karpeles- or one thing - scaling issues though they be trigger points but simply pumping and then drops.

This is wrong. Have you not been watching the news? This is spreading everywhere like a wildfire.

[billyjoeallen]

This block thing needs to be solved once and for all now and never addressed again. "The Last Hardfork".

Anything less than that and Bitcoin will fail.

It's this kind of thinking of getting a silver bullet rather than an ongoing  process that gets us in trouble

Bitcoin can't fundamentally change and shouldn't change. There is no real governance, nor should there be. It needs set rules and that's it. The idea that it can change is what's getting us in trouble. Sure, added features that conform to the set rules are fine but things that cause hard forks can't happen anymore. The bigger it gets, the harder its going to be for these changes. It has to be a silver bullet or nothing.

I agree that the block size needs to be on a fixed increase schedule, not a one time jump. I also agree that changes will get more difficult over time, but the only way to get the Chinese miners on board is to crash the market.  Their business model doesn't work and they can't hold the rest of the world hostage with their slow-ass internet connections (that goes for TOR miners too).

100% full blocks now. It this the beginning of THE FULLBLOCALYPSE???

[AZwarel]

I do not want to be rude, or anything, but this is not a religion. There can be no heretics. And if a single person, with a single article can hurt "this much", maybe the system ain't that strong enough after all- yet?

Never understood why would anyone follow a "leader" here, and strangle the kitten of the "other tribe's warchief". This is so stone age, and explains why still no consensus, hint hint.

What are you talking about? This has nothing to do with the system. The system is unharmed and the maths behind it are impenetrable (in the todays world). This is about the sheep of this world and the corrupt media. Most of the media quickly picked up on this as the ultimate truth even though Hearns words have no meaning anymore and are backed by nothing but bias and rage (due to the failure of his project). I'm quite annoyed and tired of this constant nonsense. These people need to be shamed for all eternity.

any big change in price is not so much due to one person - a hearn or karpeles- or one thing - scaling issues though they be trigger points but simply pumping and then drops.

This is wrong. Have you not been watching the news? This is spreading everywhere like a wildfire.

The media is corrupt for decades, so why the surprise? It doesn't matter how impenetrable the math is. It did not matter for the people in the age of Galileo either. In practice, only the subjective valuation of the people, which matters. Hm, i think i have just actually proved Your point :-D