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

[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.

[bargainbin]

^^ You know how Google used to "give away" their searches for free, instead of loading 100s of flashing ads on the page?
Worst mistake.

[Fatman3001]

A little lullaby for you anarcap nutters out there

https://www.youtube.com/watch?v=4NKKOp-11bw

[BlindMayorBitcorn]

^^ You know how Google used to "give away" their searches for free, instead of loading 100s of flashing ads on the page?
Worst mistake.

Your misinterpretation is crazy, and contrary to the infallible teaching magisterium of the Church!
https://bitcointalk.org/index.php?topic=181168.msg2019945#msg2019945

[ChartBuddy]

Coin



Explanation

[CuntChocula]

^^ You know how Google used to "give away" their searches for free, instead of loading 100s of flashing ads on the page?
Worst mistake.

Your misinterpretation is crazy, and contrary to the infallible teaching magisterium of the Church!
https://bitcointalk.org/index.php?topic=181168.msg2019945#msg2019945

When someone quotes the annotations from the Catholic Bible, spit and yell in his ear: "Get thee behind me, Satan: thou art an offence unto me: for thou savourest not the things that be of God, but those that be of men!!1!"

[BlindMayorBitcorn]

^^ You know how Google used to "give away" their searches for free, instead of loading 100s of flashing ads on the page?
Worst mistake.

Your misinterpretation is crazy, and contrary to the infallible teaching magisterium of the Church!
https://bitcointalk.org/index.php?topic=181168.msg2019945#msg2019945

When someone quotes the annotations from the Catholic Bible, spit and yell in his ear: "Get thee behind me, Satan: thou art an offence unto me: for thou savourest not the things that be of God, but those that be of men!!1!"

Well brother, temporal duties and payments exacted by worldly Princes must be paid.

[sAt0sHiFanClub]

^^ You know how Google used to "give away" their searches for free, instead of loading 100s of flashing ads on the page?
Worst mistake.

Your misinterpretation is crazy, and contrary to the infallible teaching magisterium of the Church!
https://bitcointalk.org/index.php?topic=181168.msg2019945#msg2019945

When someone quotes the annotations from the Catholic Bible, spit and yell in his ear: "Get thee behind me, Satan: thou art an offence unto me: for thou savourest not the things that be of God, but those that be of men!!1!"

Well brother, temporal duties and payments exacted by worldly Princes must be paid.

By the time miners get paid, Princes get feck all.....

[iCEBREAKER]

Meanwhile at the PwC/Blockstream meeting:

[img]http://vignette2.wikia.nocookie.net/lotr/images/5/5b/Fingolfin_vs_Morgoth_05.jpg

"So, we can funnel all the traffic through PwC-servers with something called The Lightning Network?"

Blockstream isn't selling its soul to PricewaterhouseCoopers.

Rather, it is PwC that is selling its soul to the blockchain.  It's their Come To Jesus moment, wherein they seek forgiveness and redemption.

PwC knows which way the wind is blowing; it's blowing in the direction of davout's famous maxim.

The true value that Bitcoin brings to the table is not "everyone gets to write into the holy ledger", it is instead "everyone gets to benefit from sane and non-inflationary financial instutions whose sanity and honesty are ensured by the holy blockchain".  -davout

Yet there you are, trying to spin the new era of sane/transparent/honest Big Four accounting as some sort of deal with the devil.

Are you mad Bitcoin (resplendent in triumph) is being used for world-changing heavy lifting as Satoshi intended, instead of yet another trivial retail payment rail disruption?   

[ChartBuddy]

Coin



Explanation

[Fatman3001]

Meanwhile at the PwC/Blockstream meeting:



"So, we can funnel all the traffic through PwC-servers with something called The Lightning Network?"

Blockstream isn't selling its soul to PricewaterhouseCoopers.

Rather, it is PwC that is selling its soul to the blockchain.  It's their Come To Jesus moment, wherein they seek forgiveness and redemption.

PwC knows which way the wind is blowing; it's blowing in the direction of davout's famous maxim.

The true value that Bitcoin brings to the table is not "everyone gets to write into the holy ledger", it is instead "everyone gets to benefit from sane and non-inflationary financial instutions whose sanity and honesty are ensured by the holy blockchain".  -davout

Yet there you are, trying to spin the new era of sane/transparent/honest Big Four accounting as some sort of deal with the devil.

Are you mad Bitcoin (resplendent in triumph) is being used for world-changing heavy lifting as Satoshi intended, instead of yet another trivial retail payment rail disruption?   

I guess you have to turn to humour with so much fail.

[nioc]

Meanwhile at the PwC/Blockstream meeting:

[img]http://vignette2.wikia.nocookie.net/lotr/images/5/5b/Fingolfin_vs_Morgoth_05.jpg

"So, we can funnel all the traffic through PwC-servers with something called The Lightning Network?"

Blockstream isn't selling its soul to PricewaterhouseCoopers.

Rather, it is PwC that is selling its soul to the blockchain.  It's their Come To Jesus moment, wherein they seek forgiveness and redemption.

PwC knows which way the wind is blowing; it's blowing in the direction of davout's famous maxim.

The true value that Bitcoin brings to the table is not "everyone gets to write into the holy ledger", it is instead "everyone gets to benefit from sane and non-inflationary financial instutions whose sanity and honesty are ensured by the holy blockchain".  -davout

Yet there you are, trying to spin the new era of sane/transparent/honest Big Four accounting as some sort of deal with the devil.

Are you mad Bitcoin (resplendent in triumph) is being used for world-changing heavy lifting as Satoshi intended, instead of yet another trivial retail payment rail disruption?  

It's interesting that different people have different interpretations of satoshi's intention.

Is it as simple as what follows?  Below are the first sentences from "the white paper's" abstract and introduction respectively.

A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution.

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as
trusted third parties to process electronic payments.

Edited to add the first sentence of the second paragraph of the intro.  I love first sentences.

What is needed is an electronic payment system based on cryptographic proof instead of trust,
allowing any two willing parties to transact directly with each other without the need for a trusted
third party.

[gentlemand]

Isn't it time the white paper was copyrighted and 'cleansed'? Make it pay per view too. I think it's becoming an annoyance for higher minds than us.

[AlexGR]

Isn't it time the white paper was copyrighted and 'cleansed'? Make it pay per view too. I think it's becoming an annoyance for higher minds than us.

Along with satoshi saying bitcoin is not suitable for micropayments perhaps

Bitcoin isn't currently practical for very small micropayments.  Not for things like pay per search or per page view without an aggregating mechanism, not things needing to pay less than 0.01.  The dust spam limit is a first try at intentionally trying to prevent overly small micropayments like that.

Bitcoin is practical for smaller transactions than are practical with existing payment methods.  Small enough to include what you might call the top of the micropayment range.  But it doesn't claim to be practical for arbitrarily small micropayments.

[BlindMayorBitcorn]

Meanwhile at the PwC/Blockstream meeting:

[img]http://vignette2.wikia.nocookie.net/lotr/images/5/5b/Fingolfin_vs_Morgoth_05.jpg

"So, we can funnel all the traffic through PwC-servers with something called The Lightning Network?"

Blockstream isn't selling its soul to PricewaterhouseCoopers.

Rather, it is PwC that is selling its soul to the blockchain.  It's their Come To Jesus moment, wherein they seek forgiveness and redemption.

PwC knows which way the wind is blowing; it's blowing in the direction of davout's famous maxim.

The true value that Bitcoin brings to the table is not "everyone gets to write into the holy ledger", it is instead "everyone gets to benefit from sane and non-inflationary financial instutions whose sanity and honesty are ensured by the holy blockchain".  -davout

Yet there you are, trying to spin the new era of sane/transparent/honest Big Four accounting as some sort of deal with the devil.

Are you mad Bitcoin (resplendent in triumph) is being used for world-changing heavy lifting as Satoshi intended, instead of yet another trivial retail payment rail disruption?  

Do you know the details of the strategic alliance? I bet you don't. I bet you don't dare ask, or don't even bother; you know deep down you're just a poor wretch like me and Fatty. Coders code. What do you do? What have you done for Blockstream lately?