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

[ChartBuddy]

Coin



Explanation

[r0ach]

"The Final Solution" is coming one way or another.

[Fatman3001]

<>
The devs are moving forward with blocksize slowly to avoid half-measures / band-aids.
They want a solution they can all agree is THE SOLUTION.

The Final Solution?

"The Final Solution" is coming one way or another.

economic forces result in things like bitcoinclassic. at one point somthing like bitconclassic will be adopted as "the solution" by the market, but i don't think the devs will let it come to that...

Hi Adam!!

You've been away for awhile. Long story short: they did and it has.

[adamstgBit]

<>
The devs are moving forward with blocksize slowly to avoid half-measures / band-aids.
They want a solution they can all agree is THE SOLUTION.

The Final Solution?

"The Final Solution" is coming one way or another.

economic forces result in things like bitcoinclassic. at one point somthing like bitconclassic will be adopted as "the solution" by the market, but i don't think the devs will let it come to that...

Hi Adam!!

You've been away for awhile. Long story short: they did and it has.

i have been away for a while
but as far as I can tell nothing changed.
everyone is still threatening to run to some other implementation should the core devs do nothing.

i've always had this position as well... if they do nothing i'll go with XT or Classic or wtv, I still don't think i will have to follow through on my threat, not that it wouldn't give me gr8 pleasure to watch the community tell the core devs to fork off.  

[BlindMayorBitcorn]

Classy new sig, too.

[LFC_Bitcoin]

Core devs will act when they absolutely have to. Surely they won't risk losing out purely through ignorance & refusal to change.

[adamstgBit]

Core devs will act when they absolutely have to. Surely they won't risk losing out purely through ignorance & refusal to change.

its starting to feel like if they don't do somthing fast, their opinion will be irrelevant.
they really need to commit to some kind of plan with a time frame at this point.

[olli]

Core devs will act when they absolutely have to. Surely they won't risk losing out purely through ignorance & refusal to change.

Hahahahahahahahaha, you're a funny guy!

[adamstgBit]

ideally we'd see a dev team backed by VC money step up, promising all kinds of good things for Bitcoin, starting with an easy to agree to block limit increases.

when it comes to bitcoins dev team i am completely indifferent, i don't really care who writes the code as long as they are competent.

the way i see it they don't really have any power, the world gets what the world wants.

best of luck to classic, and shame on core for being so fucking slow in the head.

[biggus dickus]

ideally we'd see a dev team backed by VC money step up, promising all kinds of good things for Bitcoin, starting with an easy to agree to block limit increases.

when it comes to bitcoins dev team i am completely indifferent, i don't really care who writes the code as long as they are competent.

the way i see it they don't really have any power, the world gets what the world wants.

best of luck to classic, and shame on core for being so fucking slow in the head.

The only dev with any real power is Satoshi. His opinion would mean everything to half the community, and whatever changes he proposed/backed would go through like lightening. Any of the other devs are just one of a crowd, and their individual opinions don't matter unless they have reached consensus. Ultimately it's only the pool's opinions that will decide what wallet to run unless Satoshi returns.

[ChartBuddy]

Coin



Explanation

[hdbuck]

ideally we'd see a dev team backed by VC money step up, promising all kinds of good things for Bitcoin, starting with an easy to agree to block limit increases.

when it comes to bitcoins dev team i am completely indifferent, i don't really care who writes the code as long as they are competent.

the way i see it they don't really have any power, the world gets what the world wants.

best of luck to classic, and shame on core for being so fucking slow in the head.

Wtf giving away bitcoin to some VC...  

Kids really need to stop reading the social media bullshit.

[Cconvert2G36]

Core devs will act when they absolutely have to. Surely they won't risk losing out purely through ignorance & refusal to change.

its starting to feel like if they don't do somthing fast, their opinion will be irrelevant.
they really need to commit to some kind of plan with a time frame at this point.

Hello [Bitcoin User]:

It sounds like you might not be very technical, and may have been misled by soundbites.

That's OK, the Core Team of Bitcoin is technical, and have discovered that a 2MB block limit would be an extreme blow to decentralization and censorship resistance. Verification time scales quadratically to size and there is no known or conceived way to stop someone from making a 2MB block that will take 10 minutes to verify, thus destroying Bitcoin.

Bitcoin is immune from government and corporate influence today, and very technical people are working around the clock to keep it that way. Conspiracy theories about nefarious profit and control motives of the Core Technicians have been promulgated by non-technical people [Big Banks], don't listen to them.

Core Technicians have come up with a time frame and a plan. It's unfortunate that someone [Big Banks], has kept that from you. All your concerns and questions are answered here: in roadmap.

Kind Regards.

Your patience is appreciated while coders write code.

[adamstgBit]

ideally we'd see a dev team backed by VC money step up, promising all kinds of good things for Bitcoin, starting with an easy to agree to block limit increases.

when it comes to bitcoins dev team i am completely indifferent, i don't really care who writes the code as long as they are competent.

the way i see it they don't really have any power, the world gets what the world wants.

best of luck to classic, and shame on core for being so fucking slow in the head.

Wtf giving away bitcoin to some VC... 

Kids really need to stop reading the social media bullshit.

VC Devs or Core Devs, they really have no choice but to write wtv the fuck we want them to write.

the current situation shows how it's impossible for devs to go against our will

 

[hdbuck]

ideally we'd see a dev team backed by VC money step up, promising all kinds of good things for Bitcoin, starting with an easy to agree to block limit increases.

when it comes to bitcoins dev team i am completely indifferent, i don't really care who writes the code as long as they are competent.

the way i see it they don't really have any power, the world gets what the world wants.

best of luck to classic, and shame on core for being so fucking slow in the head.

Wtf giving away bitcoin to some VC...  

Kids really need to stop reading the social media bullshit.

VC Devs or Core Devs, they really have no choice but to write wtv the fuck we want them to write.

the current situation shows how it's impossible for devs to go against our will

 

"Against our will"..

Maybe it is not too late to give it to R3 bankster consortium?!

It is not that core is slow, it is just that core cannot. As it will go with any other unaligned client/dev/fork.

Anywa, what's the hurry? You really have to ph0rk bitcoin before the halving do you?

[adamstgBit]

Core devs will act when they absolutely have to. Surely they won't risk losing out purely through ignorance & refusal to change.

its starting to feel like if they don't do somthing fast, their opinion will be irrelevant.
they really need to commit to some kind of plan with a time frame at this point.

Hello [Bitcoin User]:

It sounds like you might not be very technical, and may have been misled by soundbites.

That's OK, the Core Team of Bitcoin is technical, and have discovered that a 2MB block limit would be an extreme blow to decentralization and censorship resistance. Verification time scales quadratically to size and there is no known or conceived way to stop someone from making a 2MB block that will take 10 minutes to verify, thus destroying Bitcoin.

Bitcoin is immune from government and corporate influence today, and very technical people are working around the clock to keep it that way. Conspiracy theories about nefarious profit and control motives of the Core Technicians have been promulgated by non-technical people [Big Banks], don't listen to them.

Core Technicians have come up with a time frame and a plan. It's unfortunate that someone [Big Banks], has kept that from you. All your concerns and questions are answered here: in roadmap.

Kind Regards.

Your patience is appreciated while coders write code.

TL;DR:

I propose we work immediately towards the segwit 4MB block
soft-fork which increases capacity and scalability, and recent speedups
and incoming relay improvements make segwit a reasonable risk. BIP9
and segwit will also make further improvements easier and faster to
deploy. We’ll continue to set the stage for non-bandwidth-increase-based
scaling, while building additional tools that would make bandwidth
increases safer long term. Further work will prepare Bitcoin for further
increases, which will become possible when justified, while also providing
the groundwork to make them justifiable.

this is what i thought, core dev really is making headway on scalability.
pretty sure we won't have to go with bitcoinclassic.

[adamstgBit]

ideally we'd see a dev team backed by VC money step up, promising all kinds of good things for Bitcoin, starting with an easy to agree to block limit increases.

when it comes to bitcoins dev team i am completely indifferent, i don't really care who writes the code as long as they are competent.

the way i see it they don't really have any power, the world gets what the world wants.

best of luck to classic, and shame on core for being so fucking slow in the head.

Wtf giving away bitcoin to some VC...  

Kids really need to stop reading the social media bullshit.

VC Devs or Core Devs, they really have no choice but to write wtv the fuck we want them to write.

the current situation shows how it's impossible for devs to go against our will

 

"Against our will"..

Maybe it is not too late to give it to R3 bankster consortium?!

It is not that core is slow, it is just that core cannot. As it will go with any other unaligned client/dev/fork.

Anywa, what's the hurry? You really have to ph0rk bitcoin before the halving do you?

there is a deadline. it not set in stone or anything, but at one point, the system will become slower and/or more expensive and getting everyone to agree to continue to use this increasingly broken system when alternative exists is going to be impossible.

but as i keep saying, there is still time and it won't come to that...

[hmmkay]

There probably won't be a hard fork to classic.
By April, core will have implemented 2MB+ blocks, by then the incentive to switch to classic will be low.

This whole development is worrisome though.
Core: RBF push, censoring on /r/bitcoin
Classic: no hardcore coders, what will really happen if they take over?....

For higher resilience, it would need several clients. One group of coders would be too easy to compromise.

[adamstgBit]

There probably won't be a hard fork to classic.
By April, core will have implemented 2MB+ blocks, by then the incentive to switch to classic will be low.

this is a rumor worth buying.

[Elwar]

So, did Bitcoin need to fork when they added the 1Mb limit? Just curious.