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

[ChartBuddy]

Coin



Explanation

[Richy_T]

An ever decreasing supply of BTC being the only way to get money out of Gox.

What of the China factor? I can't imagine plenty of them even knew what Gox was. Gox's market share steadily slipped away during the run. Dunno if that was down to being crap in general or whether people had finally wised up.

Some of that as well. And a fair bit of irrational exuberance too. But I believe Gox was the trigger.

[Richy_T]

Every Core developer associated with Blockstream/PwC should lose commit access. What a disgusting alliance.

core has done good, they said they needed more time, and with time they came up with segwit.

Peter Todd now saying that segwit soft-fork is dangerous.

http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2016-January/012301.html

Note how because of this the segwit soft-fork has properties not unlike
hard-forks in terms of the need for nodes to upgrade with regard to the
P2P layer.

[Richy_T]

Rpietila has a castle where he will tell you about the jews and the New World Order.

I thought he put that up for sale a year or two ago (which may not mean he doesn't still have it)

[CuntChocula]

Rpietila has a castle where he will tell you about the jews and the New World Order.

I thought he put that up for sale a year or two ago (which may not mean he doesn't still have it)

Ever try to sell a crumbling abandoned mental hospital, located in the armpit of some god-forsaken hellhole a castle?

[Fatman3001]

Rpietila has a castle where he will tell you about the jews and the New World Order.

I thought he put that up for sale a year or two ago (which may not mean he doesn't still have it)

He bragged about it a couple of weeks ago. But as lambie said, selling castles ain't easy nowadays.

Unless some Bitcoin-loon just made a fortune by sitting on his ass, that is.

[inca]

Maybe Peter Todd isn't actually the vermin his online reputation would suggest.

 

[ChartBuddy]

Coin



Explanation

[Fatman3001]

Maybe Peter Todd isn't actually the vermin his online reputation would suggest.

 

The Blockchain stunt to promote RBF was still a shitty thing to do.

[bitebits]

Seems like we are suffering in silence at the moment, glad that Adam is cheering this place up a bit.

Lots of uncertainty in the market with the possible upcoming hard fork (= the fight over who actually controls Bitcoin). Under those circumstances still a price > 365$ can't be interpreted otherwise than bullish. Great times ahead!

[madmat]

Seems like we are suffering in silence at the moment, glad that Adam is cheering this place up a bit.

Lots of uncertainty in the market with the possible upcoming hard fork (= the fight over who actually controls Bitcoin). Under those circumstances still a price > 365$ can't be interpreted otherwise than bullish. Great times ahead!

The fork is for tonight on testnet, has been activated last night

[becoin]

Maybe Peter Todd isn't actually the vermin his online reputation would suggest.

 

The Blockchain stunt to promote RBF was still a shitty thing to do.

RBF is a very good solution. There must be competition for blockchain inclusion. You can offer your own idea. If you can't, then stfu.

[ImI]

Maybe Peter Todd isn't actually the vermin his online reputation would suggest.

 

The Blockchain stunt to promote RBF was still a shitty thing to do.

RBF is a very good solution. There must be competition for blockchain inclusion. You can offer your own idea. If you can't, then stfu.

the question is: does there have to be now competition or sometime in the future? at the moment with the block reward its not that big of an issue to have lower fee-income.

[ChartBuddy]

Coin



Explanation

[Fatman3001]

Maybe Peter Todd isn't actually the vermin his online reputation would suggest.

 

The Blockchain stunt to promote RBF was still a shitty thing to do.

RBF is a very good solution. There must be competition for blockchain inclusion. You can offer your own idea. If you can't, then stfu.

I wasn't commenting on the merits of RBF.

[Tzupy]

IMO crash got delayed... Made me close my short at a small profit... I hope I won't wake up tomorrow at 300$.

[Fatman3001]

IMO crash got delayed... Made me close my short at a small profit... I hope I won't wake up tomorrow at 300$.

I'm not comfortable atm. Bitcoin is moody today. OTOH, The Mother Of All Pumps was announced today, so I'll dream about that.

[becoin]

Maybe Peter Todd isn't actually the vermin his online reputation would suggest.

 

The Blockchain stunt to promote RBF was still a shitty thing to do.

RBF is a very good solution. There must be competition for blockchain inclusion. You can offer your own idea. If you can't, then stfu.

the question is: does there have to be now competition or sometime in the future? at the moment with the block reward its not that big of an issue to have lower fee-income.

It is high time. We have 5 months to find AND implement solution!

[CuntChocula]

...
It is high time. We have 5 months to find AND implement solution!

You picked a fine time to leave me Lucille
With four hungry children
And a crop in the field
I've had some bad times
Lived through some sad times
But this time your hurtin' won't heal

[ImI]

Maybe Peter Todd isn't actually the vermin his online reputation would suggest.

 

The Blockchain stunt to promote RBF was still a shitty thing to do.

RBF is a very good solution. There must be competition for blockchain inclusion. You can offer your own idea. If you can't, then stfu.

the question is: does there have to be now competition or sometime in the future? at the moment with the block reward its not that big of an issue to have lower fee-income.

It is high time. We have 5 months to find AND implement solution!

why? reward will be 12.5 that's still a big factor higher then any fee market could gather at the moment.

edit: at the moment we are still in the early stages of bitcoin, where adoption is all that matters. so its beneficial imo to have lower fees. network effect drags on and at a later stage you can easily have a fee market.