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

[Richy_T]

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

Technically, it could have.

In truth, the block size limit was 700-1000 times the size of blocks that were being mined at the time so it was not an issue.

[Richy_T]

they should support both for a while, and then discontinue SHA2 once most miners are running SHA3 machines

The point is to threaten/injure the miners.

[Fatman3001]

Bitcoin core is considering changing the hash-algo from SHA2 -> SHA3.....

https://github.com/luke-jr/bitcoin/commit/8d3a84c242598ef3cdc733e99dddebfecdad84a6

just wow.

Yeah, try getting miners to run that shit.

nah the nodes will. after coulpe week of diff adjustement, it will be fine.

its obv a hardfork, so there wont be weeks needed to any diff-adjustment. you start right away with a very low diff.

That would be a car crash of a hard fork. "2016 Apr 14" isn't far away. Do we even listen to Luke nowadays?

[hdbuck]

they should support both for a while, and then discontinue SHA2 once most miners are running SHA3 machines

The point is to threaten/injure the miners corporations.

You forkers can move on with coinbase/blockchain/KNCminer/MIT/bitpay.

bubye

[adamstgBit]

they should support both for a while, and then discontinue SHA2 once most miners are running SHA3 machines

The point is to threaten/injure the miners corporations.

You forkers can move on with coinbase/blockchain/KNCminer/MIT/bitpay.

bubye

you forgot like 5000 other names but ok!

buBye!

[adamstgBit]

i forgot how funny this forum is.

[Richy_T]

You forkers can move on with coinbase/blockchain/KNCminer/MIT/bitpay.

bubye

You get me wrong. I'm all for it. I can fire up my video cards again and make plenty of Coretel coins to sell all the way down to 0.

[adamstgBit]

Gavin Andresen is part of bitcoinclassic?

everything feels so fucked up right now.

best be buying ALL the bitcoins.

[notme]

Gavin Andresen is part of bitcoinclassic?

everything feels so fucked up right now.

best be buying ALL the bitcoins.

Indeed... soon we will all have twice the coins

[Fatman3001]

I guess Hearn's ragequit doesn't look so bad now.

[ImI]

I guess Hearn's ragequit doesn't look so bad now.

Seriously, given all that shit its remarkable that we are still at 380$...

[madmat]

Gavin Andresen is part of bitcoinclassic?

everything feels so fucked up right now.

best be buying ALL the bitcoins.

Where have you been? This is old news!!!

[Fatman3001]

I guess Hearn's ragequit doesn't look so bad now.

Seriously, given all that shit its remarkable that we are still at 380$...

You seem like a level headed guy, are Core out of their fucking minds?

[adamstgBit]

if we all buy now we can all sell back higher feel rich as price explodes and we be HODLING.  

[rebuilder]

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.

So you're telling us Core is planning an increase to 2 MB blocks and Cconvert2G36 tells us Core devs have found  2 MB blocks bring a risk of an attack no-one knows how to defend against... One of you should check their sources!

[Richy_T]

You seem like a level headed guy, are Core out of their fucking minds?

I am fairly confident that at the very least, one of them is.

[Richy_T]

So you're telling us Core is planning an increase to 2 MB blocks and Cconvert2G36 tells us Core devs have found  2 MB blocks bring a risk of an attack no-one knows how to defend against... One of you should check their sources!

Based on Cconvert2G36's previous posts, I think he was applying heaping doses of irony and his text should be taken with a large shovel of salt.

[Sitarow]

if we all buy now we can all sell back higher feel rich as price explodes and we be HODLING.  

Adam,

Have you heard the news?

Cavirtex and  Coinsetter now part of Kraken
What do you think? Huge or so so?

Kraken Acquiring Coinsetter and Cavirtex to Bring Global Bitcoin Exchange to United States and Canada

Happy New Year! We are starting 2016 with some fireworks of our own – Coinsetter is being acquired by Kraken, a premier bitcoin exchange. Read the formal public announcement here:

http://www.businesswire.com/news/home/20160119005459/en

This transition will bring huge upgrades to your account, offering domestic US deposit/withdrawal bank transfers, deeper order book liquidity, and improved margin trading.

What will happen to my account(s)?

On January 26, 2016, Coinsetter will temporarily halt trading and begin the safe migration of all accounts (and funds) to the Kraken platform. This process is expected to take just a few hours. Upon completion, you will be able to log in at www.kraken.com and immediately begin trading with any US dollar (USD) and bitcoin (XBT) funds that are in your Coinsetter account(s) at the time of migration. You will be able to deposit or withdraw bitcoin (XBT) immediately too. After a brief and seamless process to activate your account with SynapsePay, our trusted USD payment processor, you’ll be able to deposit and withdraw USD.

Why is this good for me?

This is outstanding news for Coinsetter clients. As a Kraken account holder, you will receive:
Free domestic USD wire deposits through SynapsePay until March 1 (when the promotion ends, the deposit fee will be $5 flat)
Domestic USD wire withdrawals will be $5 flat
Low trading fees (via a maker taker model with fees ranging from 0% to 0.26%; read more at https://www.kraken.com/help/fees)
Exchange options you have been demanding all along, such as advanced order types for setting profit targets or stops
Trade 18 currency pairs, including 5 fiat currencies (USD, EUR, CAD, GBP, JPY) and multiple digital currencies (Ether, Litecoin, etc.)
You’ll also get:
Superior trading interface
24/7, high touch support including live chat
Sophisticated API (documentation: https://www.kraken.com/help/api)
iOS app for trading on the go

The Coinsetter & Kraken teams

[rebuilder]

Richy_T: Yer right, I read the first parahraph, tried parsing it as a joke and couldn't. Should've read the rest, too!

[ChartBuddy]

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