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

[Peter R]

To get the first 1.1 MB block into the Blockchain, nodes need to signal to miners that they will accept larger blocks.  One way to do that is with Bitcoin Unlimited (which is compatible with Classic).  The idea is to "break down the wall at 1 MB" one node at a time, eventually unblocking the stream of transaction. 

Here is one way to visualize the "Wall at 1 MB":

[ImI]

So now that there's rumblings of Blockstream "capitulating" with an empty promise for 2017... are you guise gonna let me sell  some above $450 for the 3rd time in 2 months??

Not surprised that cripplecoiners can't discern the difference between Jonathan Toomim and his stoner brother Michael... oh wait... it's just a smear tactic by association... gotcha.

Software coming out at the end of the month... the DDoS'ing should be pretty epic! 

Should also be interesting to see what Loaded has to say tomorrow, if he says anything at all.

Choo Choo Gentlemen. To 450 and slightly beyond!

no "empty promise" if you release the HF now and it activates it self at 01-01-2017

[Cconvert2G36]

no "empty promise" if you release the HF now and it activates it self at 01-01-2017

Cool, just in time for the halving volume...  

HF is not released now... excuse me if I don't take their pronouncements as seriously as I used to. Especially if they haven't even made the pronouncement.

[ChartBuddy]

Coin


Explanation

[sidhujag]

http://www.forexfactory.com/news.php?do=news&id=575226

Here we go

[noobtrader]

http://www.forexfactory.com/news.php?do=news&id=575226

Here we go

[peonminer]

http://www.forexfactory.com/news.php?do=news&id=575226

Here we go

https://www.cryptocoinsnews.com/china-digital-currency/

[criptix]

http://www.forexfactory.com/news.php?do=news&id=575226

Here we go

roflmao

1.000.000$/bitcoin.gif

[ChartBuddy]

Coin


Explanation

[keewee]

http://www.forexfactory.com/news.php?do=news&id=575226

Here we go

Hmmm. Well potentially they already have the necessary infrastructure for their new coin if they decide to repurpose it away from Bitcoin...

[Cconvert2G36]

https://www.reddit.com/r/BitcoinMarkets/comments/41sl3t/daily_discussion_wednesday_january_20_2016/cz5tn13

[MySides.jpg]

[marcus_of_augustus]

Blocks are full. Let's see what happens.

https://www.reddit.com/r/btc/comments/41whvw/maximum_of_transactions_second_that_bitcoin_can/cz5v60m

It's the FULLBLOCALYPSE_TM

I think I'm done arguing. It just has to play out now.

(I was actually going to use that word but couldn't remember it exactly.)

big blocker capitulation is close ... they have no logical ground to stand on and the whole edifice is crumbling, Crassic was just the Hearn echo swansong

You don't seem to understand. Bigblockers will win if we crash the price far enough to persuade the miners to switch. If we fail in that, it's because the price is going up and they have no reason to listen to us. (if it ain't broke, don't fix it). So it's simple. Just keep pumping until we go away. That's how you'll get us to capitulate.

that's some crassic thinking right there

[sidhujag]

http://www.forexfactory.com/news.php?do=news&id=575226

Here we go

Hmmm. Well potentially they already have the necessary infrastructure for their new coin if they decide to repurpose it away from Bitcoin...

It wont work

[billyjoeallen]

http://www.forexfactory.com/news.php?do=news&id=575226

Here we go

Hmmm. Well potentially they already have the necessary infrastructure for their new coin if they decide to repurpose it away from Bitcoin...

That's the same thing I thought.

[ChartBuddy]

Coin


Explanation

[keewee]

http://www.forexfactory.com/news.php?do=news&id=575226

Here we go

Hmmm. Well potentially they already have the necessary infrastructure for their new coin if they decide to repurpose it away from Bitcoin...

It wont work

Explain? I can't think why it wouldn't work. A bitcoin miner will mine any SHA256 coin, but is there something I'm missing?

[peonminer]

Here's some entertainment for you all https://99bitcoins.com/bitcoinobituaries/

[smooth]

Blocks are full. Let's see what happens.

https://www.reddit.com/r/btc/comments/41whvw/maximum_of_transactions_second_that_bitcoin_can/cz5v60m

It's the FULLBLOCALYPSE_TM

Here's what going to happen. Fees will go up. A little. A tremendous amount of stupid spam and crap transactions will be forced off the chain. People who actually have a reason to use it will pay a bit more. Over time, improvements will be made in capacity and throughput, allowing for further growth.

The sky will stay up there. You can put the umbrella down now.

[peonminer]

 WOW. The rage quit was a ploy by big banking to fuck Bitcoin right in the pussy.

https://youtu.be/aH-pmiW4tqM

[Cconvert2G36]

The sky will stay up there. You can put the umbrella down now.

I keep trying to tell him. Kid has rocks in his head or something. 

-snip-
THEREFOR: We will hit the limit and have a network congestion failure. The price will crash. It is almost inevitable now.  The only question is when. My best guess is two months.

THEREFOR we are fucked.  

Hitting the cap and negating use cases for the network isn't a fireworks explosion, we've been over this. It's a slow bleed away of utility. Some "store of value because reasons™ people", some illicit commerce, some off chain speculation, will all still be around to a degree...

It may take years to fully squander the first mover advantage to other alternatives. Blockstream may hope that alternative is them, and they need Bitcoin to still function as a settlement layer...

See, it's not as bad as it could be.

If you still have any concerns, please consult the roadmap.

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