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

[BlindMayorBitcorn]

I'm always interested to hear a coherent argument against something that appears completely natural and obvious to me

Free blockchain space for everybody is neither natural nor obvious. The so called "classic" fork is not a solution. It is merely kicking the can down the road approach that makes future solution even more difficult to find.

I'll stick to Core and bitcoin main branch. Good luck with the classic free-money-to-everybody!

You could stick to Core till the fork, after that, you will need to use a client compatible with big blocks, the other chain is going to die quickly.

It'll be good if big block fork finally happens. Bitcoin Core will finally clean itself from viruses and government sponsored actors.

Everybody knows Gavin works for the USG. Don't be a fool!

[becoin]

I'm always interested to hear a coherent argument against something that appears completely natural and obvious to me

Free blockchain space for everybody is neither natural nor obvious. The so called "classic" fork is not a solution. It is merely kicking the can down the road approach that makes future solution even more difficult to find.

I'll stick to Core and bitcoin main branch. Good luck with the classic free-money-to-everybody!

You could stick to Core till the fork, after that, you will need to use a client compatible with big blocks, the other chain is going to die quickly.

It'll be good if big block fork finally happens. Bitcoin Core will finally clean itself from viruses and government sponsored actors.

Everybody knows Gavin works for the USG. Don't be a fool!

Big banks are getting behind Bitcoin "Classic" fork. That is their next move.
https://twitter.com/jerallaire/status/688232046951403520

[ChartBuddy]

Coin



Explanation

[dropt]

I'm always interested to hear a coherent argument against something that appears completely natural and obvious to me

Free blockchain space for everybody is neither natural nor obvious. The so called "classic" fork is not a solution. It is merely kicking the can down the road approach that makes future solution even more difficult to find.

I'll stick to Core and bitcoin main branch. Good luck with the classic free-money-to-everybody!

Free money?      Okay buddy.

[BlindMayorBitcorn]

I'm always interested to hear a coherent argument against something that appears completely natural and obvious to me

Free blockchain space for everybody is neither natural nor obvious. The so called "classic" fork is not a solution. It is merely kicking the can down the road approach that makes future solution even more difficult to find.

I'll stick to Core and bitcoin main branch. Good luck with the classic free-money-to-everybody!

You could stick to Core till the fork, after that, you will need to use a client compatible with big blocks, the other chain is going to die quickly.

It'll be good if big block fork finally happens. Bitcoin Core will finally clean itself from viruses and government sponsored actors.

Everybody knows Gavin works for the USG. Don't be a fool!

Big banks are getting behind Bitcoin "Classic" fork. That is their next move.
https://twitter.com/jerallaire/status/688232046951403520

Big banks behind Bitcoin. Lol. You guys are too much.

[sAt0sHiFanClub]

Big banks are getting behind Bitcoin "Classic" fork. That is their next move.

Hmm... Dont you usually follow such a statement with "Mooooonn!!  This is gentlemen....", etc. etc.

< train.gif >  < rocket.gif >

[becoin]

I'm always interested to hear a coherent argument against something that appears completely natural and obvious to me

Free blockchain space for everybody is neither natural nor obvious. The so called "classic" fork is not a solution. It is merely kicking the can down the road approach that makes future solution even more difficult to find.

I'll stick to Core and bitcoin main branch. Good luck with the classic free-money-to-everybody!

You could stick to Core till the fork, after that, you will need to use a client compatible with big blocks, the other chain is going to die quickly.

It'll be good if big block fork finally happens. Bitcoin Core will finally clean itself from viruses and government sponsored actors.

Everybody knows Gavin works for the USG. Don't be a fool!

Big banks are getting behind Bitcoin "Classic" fork. That is their next move.
https://twitter.com/jerallaire/status/688232046951403520

Big banks behind Bitcoin. Lol. You guys are too much.

Hmmm... Bitcoin "Classic" fork is not Bitcoin.

[BlindMayorBitcorn]

I'm always interested to hear a coherent argument against something that appears completely natural and obvious to me

Free blockchain space for everybody is neither natural nor obvious. The so called "classic" fork is not a solution. It is merely kicking the can down the road approach that makes future solution even more difficult to find.

I'll stick to Core and bitcoin main branch. Good luck with the classic free-money-to-everybody!

You could stick to Core till the fork, after that, you will need to use a client compatible with big blocks, the other chain is going to die quickly.

It'll be good if big block fork finally happens. Bitcoin Core will finally clean itself from viruses and government sponsored actors.

Everybody knows Gavin works for the USG. Don't be a fool!

Big banks are getting behind Bitcoin "Classic" fork. That is their next move.
https://twitter.com/jerallaire/status/688232046951403520

Big banks behind Bitcoin. Lol. You guys are too much.

Hmmm... Bitcoin "Classic" fork is not Bitcoin.

Neither is RBF Bitcoin. There's no going back now.

[Fatman3001]

I'm always interested to hear a coherent argument against something that appears completely natural and obvious to me

Free blockchain space for everybody is neither natural nor obvious. The so called "classic" fork is not a solution. It is merely kicking the can down the road approach that makes future solution even more difficult to find.

I'll stick to Core and bitcoin main branch. Good luck with the classic free-money-to-everybody!

You could stick to Core till the fork, after that, you will need to use a client compatible with big blocks, the other chain is going to die quickly.

It'll be good if big block fork finally happens. Bitcoin Core will finally clean itself from viruses and government sponsored actors.

Everybody knows Gavin works for the USG. Don't be a fool!

Big banks are getting behind Bitcoin "Classic" fork. That is their next move.
https://twitter.com/jerallaire/status/688232046951403520

Big banks behind Bitcoin. Lol. You guys are too much.

Hmmm... Bitcoin "Classic" fork is not Bitcoin.

When the time comes I'll PM you an address for you to send your stash of useless "Classic" coins.

[oda.krell]

Yeah... that's exactly the kind of post-partisan discussion I had in mind hahaha.

[BlindMayorBitcorn]

Yeah... that's exactly the kind of post-partisan discussion I had in mind hahaha.

Even more or less respectable members are starting to talk about hostile take-overs from the bankster big-blockers. It's frustrating.

[ChartBuddy]

Coin



Explanation

[Fatman3001]

I'm always interested to hear a coherent argument against something that appears completely natural and obvious to me

Free blockchain space for everybody is neither natural nor obvious. The so called "classic" fork is not a solution. It is merely kicking the can down the road approach that makes future solution even more difficult to find.

I'll stick to Core and bitcoin main branch. Good luck with the classic free-money-to-everybody!

You could stick to Core till the fork, after that, you will need to use a client compatible with big blocks, the other chain is going to die quickly.

It'll be good if big block fork finally happens. Bitcoin Core will finally clean itself from viruses and government sponsored actors.

Everybody knows Gavin works for the USG. Don't be a fool!

Big banks are getting behind Bitcoin "Classic" fork. That is their next move.
https://twitter.com/jerallaire/status/688232046951403520

Adam Back looks upset.

[Feri22]

I'm always interested to hear a coherent argument against something that appears completely natural and obvious to me

Free blockchain space for everybody is neither natural nor obvious. The so called "classic" fork is not a solution. It is merely kicking the can down the road approach that makes future solution even more difficult to find.

I'll stick to Core and bitcoin main branch. Good luck with the classic free-money-to-everybody!

You could stick to Core till the fork, after that, you will need to use a client compatible with big blocks, the other chain is going to die quickly.

It'll be good if big block fork finally happens. Bitcoin Core will finally clean itself from viruses and government sponsored actors.

Everybody knows Gavin works for the USG. Don't be a fool!

Big banks are getting behind Bitcoin "Classic" fork. That is their next move.
https://twitter.com/jerallaire/status/688232046951403520

Adam Back looks upset.

When you take away child's toy, he is upset...His reaction just shows his arrogance for the last couple of months

[ChartBuddy]

Coin



Explanation

[becoin]

When you take away child's toy, he is upset...His reaction just shows his arrogance for the last couple of months

Thinking of upset Hearn joining R3 and arrogantly ragequitting. Now banks getting behind Garzik's "classic" fork. It is too obvious what is going on.

Banks need bitcoin blockchain but without bitcoin and that's exactly what big-blockers are doing crippling bitcoin as store of value. Hurray... free block space to every spammer!

[BldSwtTrs]

When you take away child's toy, he is upset...His reaction just shows his arrogance for the last couple of months

Thinking of upset Hearn joining R3 and arrogantly ragequitting. Now banks getting behind Garzik's "classic" fork. It is too obvious what is going on.

Banks need bitcoin blockchain but without bitcoin and that's exactly what big-blockers are doing crippling bitcoin as store of value. Hurray... free block space to every spammer!

Only dumb people think there is a need to have a blocksize limit in order to have the store of value function.

[JorgeStolfi]

IMHO Bitcoin is good as it is right now, I don't understand why people look for perfection here. Bitcoin works, I'm using it without problems since 2010

It still works fine as a payment system.  But it is no longer a decentralized trustless payment system -- because 80% of the mining is done by 6 companies, of which 4 are Chinese and 1 is Ukranian-Georgian. 

One cannot notice that detail, but those attributes were what made bitcoin different and worthwhile.  Without them, it is just another centralized payment system -- and a terribly slow, complicated, expensive, unreliable, limited, understaffed, and insecure one.

It is like a Tesla whose electric engine has been replaced by a gasoline one.  It still works fine, but...

[billyjoeallen]

  Any finite commodity like gold where you can attempt to corner the market is a pyramid scheme.

Gold isn't really finite in the economic sense. All of the gold on earth could coat the surface 8 feet thick. Only our ability to extract it is finite, and that changes with technology.  It's currently running~ 3% annual inflation, meaning the supply is growing by ~3% per year.

Most of the easily extracted gold has been mined, so what's left is more difficult/expensive to get, but we'll likely never run out.

Cornering the market in gold would drive the price up to the point where gold that was previously too expensive to extract gets mined. Bitcoin is different. A higher price will likely result in more mining activity, but not more bitcoins being mined.  Miners could sell a smaller portion of their mined coins to meet expenses, allowing them to keep more for themselves.  Basically it's a much less liquid market, one reason why it is so much more volatile.

[bitebits]

A higher price will likely result in more mining activity, but not more bitcoins being mined.  Miners could sell a smaller portion of their mined coins to meet expenses, allowing them to keep more for themselves.  Basically it's a much less liquid market, one reason why it is so much more volatile.

Those two statements don't go together. Higher bitcoin price = more mining activity = more costs per bitcoin. It will always level out, up or down. That is the beauty of mining.