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

[BlindMayorBitcorn]

^I can't tell if you actually just said anything lol.

hahahahahahaha


You talking about me, willis?


In fact, you may be emulating fatty?   

I assume his role when he isn't here. I'm eating donuts for breakfast.

[sAt0sHiFanClub]

This is good.

Interestingly, since there is no government forcing everyone to run any particular software, it would seem that the "free market" has already decided that a 1 MB block cap is best. 

By inaction, or at least benign indifference, we signal approval?  I can buy that.

But the existence of Big Blockers and 3 alternative implementations surely signals a less than universal acceptance of the status quo.

[BlindMayorBitcorn]

This is good.

Interestingly, since there is no government forcing everyone to run any particular software, it would seem that the "free market" has already decided that a 1 MB block cap is best.

By inaction, or at least benign indifference, we signal approval?  I can buy that.

But the existence of Big Blockers and 3 alternative implementations surely signals a less than universal acceptance of the status quo.

Of course. I'm personally mad as hell and ain't gonna take much more.

[ChartBuddy]

Coin



Explanation

[peonminer]

This stable price crap is boooooooooorrrrrrrrrrrrrrrrrrrrrrrriiiiiiiiiiiiiinnnnnnnnnnnnnggggggggggggggggg gg.

[JayJuanGee]

This is good.

Interestingly, since there is no government forcing everyone to run any particular software, it would seem that the "free market" has already decided that a 1 MB block cap is best.

By inaction, or at least benign indifference, we signal approval?  I can buy that.

But the existence of Big Blockers and 3 alternative implementations surely signals a less than universal acceptance of the status quo.

Of course. I'm personally mad as hell and ain't gonna take much more.

What you gonna do?  stop buying?  sell?  contact the media?

[sAt0sHiFanClub]

This is good.

Interestingly, since there is no government forcing everyone to run any particular software, it would seem that the "free market" has already decided that a 1 MB block cap is best.

By inaction, or at least benign indifference, we signal approval?  I can buy that.

But the existence of Big Blockers and 3 alternative implementations surely signals a less than universal acceptance of the status quo.

Of course. I'm personally mad as hell and ain't gonna take much more.

What you gonna do?  stop buying?  sell?  contact the media?

Thou shall be above only, and not beneath. Thou shall be the head, and never the tail.

[shmadz]

XT altcoin was much more serious bitcoin take over attempt than this joke named ClasSick.

You seem scared.

Those who solely support Core are getting scared.  So scared in fact that they're now discussing a change of PoW if Classic hardforks.

They are discussing the nuclear option if they don't get their way.  Telling.

From my recollection, the group threatening the "nuclear option" is not promoting core, but promoting a pure, uncluttered version of bitcoin they have been working on (available here -> http://thebitcoin.foundation )

If bitcoin hard forks, and if your preferred fork were not in the majority, a change PoW algorithm would be rational and recommended. In fact, depending on the split of hashpower, refusing to change the proof of work algorithm would be suicidal.

I'm still undecided, I appreciate the value that a group like blockstream can offer in terms of innovation. I also appreciate the value of a group like The Serene Republic can offer in terms of protecting the vision of incorruptible money.

I have no dog in this fight, and I haven't been following very closely lately. My position is set, my coins are old and will spend on whatever forks emerge so I'm not as immersed as I used to be. --but... if you are bullish about the long term prospect of bitcoin, but uncertain of the resolution of this bitcoin civil war, your best option might be to simply secure as many bitcoin as you can before the hard fork happens to secure your place on all subsequent forks.

[ChartBuddy]

Coin



Explanation

[sAt0sHiFanClub]

XT altcoin was much more serious bitcoin take over attempt than this joke named ClasSick.

You seem scared.

Those who solely support Core are getting scared.  So scared in fact that they're now discussing a change of PoW if Classic hardforks.

They are discussing the nuclear option if they don't get their way.  Telling.

From my recollection, the group threatening the "nuclear option" is not promoting core, but promoting a pure, uncluttered version of bitcoin they have been working on (available here -> http://thebitcoin.foundation )

No need to bring in random nutters to blame for the nuclear option. Luke and Greg talked about this on reddit. Apparently the code is all ready to go.

[bargainbin]

XT altcoin was much more serious bitcoin take over attempt than this joke named ClasSick.

You seem scared.

Those who solely support Core are getting scared.  So scared in fact that they're now discussing a change of PoW if Classic hardforks.

They are discussing the nuclear option if they don't get their way.  Telling.

From my recollection, the group threatening the "nuclear option" is not promoting core, but promoting a pure, uncluttered version of bitcoin they have been working on (available here -> http://thebitcoin.foundation )

No need to bring in random nutters to blame for the nuclear option. Luke and Greg talked about this on reddit. Apparently the code is all ready to go.

[BitUsher]

From my recollection, the group threatening the "nuclear option" is not promoting core, but promoting a pure, uncluttered version of bitcoin they have been working on (available here -> http://thebitcoin.foundation )

If bitcoin hard forks, and if your preferred fork were not in the majority, a change PoW algorithm would be rational and recommended. In fact, depending on the split of hashpower, refusing to change the proof of work algorithm would be suicidal.

I'm still undecided, I appreciate the value that a group like blockstream can offer in terms of innovation. I also appreciate the value of a group like The Serene Republic can offer in terms of protecting the vision of incorruptible money.

I have no dog in this fight, and I haven't been following very closely lately. My position is set, my coins are old and will spend on whatever forks emerge so I'm not as immersed as I used to be. --but... if you are bullish about the long term prospect of bitcoin, but uncertain of the resolution of this bitcoin civil war, your best option might be to simply secure as many bitcoin as you can before the hard fork happens to secure your place on all subsequent forks.

There are alternative forks with different visions that are looking to jump at the opportunity with this hardfork and they are already working on the code---
https://medium.com/@vcorem/lesson-learned-from-the-classic-coup-attempt-or-why-core-needs-to-prepare-a-gpu-only-pow-6a9afe18e4b0#.gpzfq1qtw

 Looks like there might be multiple penitential chains created . Potentially a 3 for 1 "stock" split?  

Very interesting. I suppose this is all possible when you have a contentious HF and a low 75% fuse.

[sAt0sHiFanClub]

From my recollection, the group threatening the "nuclear option" is not promoting core, but promoting a pure, uncluttered version of bitcoin they have been working on (available here -> http://thebitcoin.foundation )

If bitcoin hard forks, and if your preferred fork were not in the majority, a change PoW algorithm would be rational and recommended. In fact, depending on the split of hashpower, refusing to change the proof of work algorithm would be suicidal.

I'm still undecided, I appreciate the value that a group like blockstream can offer in terms of innovation. I also appreciate the value of a group like The Serene Republic can offer in terms of protecting the vision of incorruptible money.

I have no dog in this fight, and I haven't been following very closely lately. My position is set, my coins are old and will spend on whatever forks emerge so I'm not as immersed as I used to be. --but... if you are bullish about the long term prospect of bitcoin, but uncertain of the resolution of this bitcoin civil war, your best option might be to simply secure as many bitcoin as you can before the hard fork happens to secure your place on all subsequent forks.

There are alternative forks with different visions that are looking to jump at the opportunity with this hardfork and they are already working on the code---
https://medium.com/@vcorem/lesson-learned-from-the-classic-coup-attempt-or-why-core-needs-to-prepare-a-gpu-only-pow-6a9afe18e4b0#.gpzfq1qtw

 Looks like there might be multiple penitential chains created . Potentially a 3 for 1 "stock" split?  

Very interesting. I suppose this is all possible when you have a contentious HF and a low 75% fuse.

The more contentious alternatives the better. The HF only triggers at 75% - thats 75% for Classic.
That means that core must now share the remaining 25% with all the other implementations.  They will attack each other into oblivion.

[marcus_of_augustus]

Satoshi gets the final say on any contentious hard fork, neither fork could survive the satoshi deluge ... and he only needs to move a few well-known coins to make intentions clear without the full 1million BTC dump. If you don't know his intentions then you are working inside a drastic information asymmetry. It would be good if all the pretenders, imposters, usurpers and sundry scumbags ended up on the wrong side before being washed away in the salutary flood.

[BitUsher]

The more contentious alternatives the better. The HF only triggers at 75% - thats 75% for Classic.
That means that core must now share the remaining 25% with all the other implementations.  They will attack each other into oblivion.

Check out the link, comrade. There is no competing over 25% remaining ASICs' with what is being discussed. It is both fascinating and encouraging and we shouldn't worry regardless the outcome. I am at peace with a potential HF and Classic. Either way, the future is great.

P.S.. 75% of hashing does not equal an economic majority or a majority of users. Appears to be more supporting Core, but who knows , such a difficult thing to measure. GPU only mining would bring in many new participants who left for other alts long ago , and casual gamers with good gpus as well .

[marcus_of_augustus]

XT altcoin was much more serious bitcoin take over attempt than this joke named ClasSick.

You seem scared.

Those who solely support Core are getting scared.  So scared in fact that they're now discussing a change of PoW if Classic hardforks.

They are discussing the nuclear option if they don't get their way.  Telling.

These are logical options to consider if the mining power cartelises and becomes hostile to the financial majority. It is laudable that they discuss these options in public and not in backroom deals with faceless Blockchain Alliance power brokers.

[ChartBuddy]

Coin



Explanation

[bargainbin]

The more contentious alternatives the better. The HF only triggers at 75% - thats 75% for Classic.
That means that core must now share the remaining 25% with all the other implementations.  They will attack each other into oblivion.

Check out the link, comrade. There is no competing over 25% remaining ASICs' with what is being discussed. It is both fascinating and encouraging and we shouldn't worry regardless the outcome. I am at peace with the HF and Classic. Either way, the future is great.

Didn't you say some stuff about staying with core for "ideological reasons"?

[BitUsher]

Didn't you say some stuff about staying with core for "ideological reasons"?

Quite the opposite. I have repeatedly said I would attack core and blockstream if there was any betrayal to my ideals. Ethos takes precedence. Tribalism is to be despised.

[pleaseexplainagain]

The more contentious alternatives the better. The HF only triggers at 75% - thats 75% for Classic.
That means that core must now share the remaining 25% with all the other implementations.  They will attack each other into oblivion.

Check out the link, comrade. There is no competing over 25% remaining ASICs' with what is being discussed. It is fascinating and encouraging that we shouldn't worry and all be happy despite the outcome. I am at peace with the HF and Classic. Either way, the future is great.

P.S.. 75% of hashing does not equal an economic majority or a majority of users. GPU only mining would bring in many new participants who left for other alts long ago , and casual gamers with good gpus as well .

yes as Andreas said in one of the links posted here there is nothing to really worry about with many players - core, classic, etherum etc - it is just the market coming up with different ways of operating .

It is just that we have had a single market player for so long it seems odd.
interesting that the bitcoin price is not being hit by these new (possible) changes. Not sure that shows they understand them and percieve little risk or that they are waiting for an actual definite outcome before buying/selling. But considering the price reaction to hearn's comments a while back it is odd there is so little movement?