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

[rebuilder]

As this block size debate clearly shows: gentlemen don't use Bitcoin.

Of course, no true gentleman would go around discussing things as crass as money in the first place.

[marcus_of_augustus]

As this block size debate clearly shows: gentlemen don't use Bitcoin.

Of course, no true gentleman would go around discussing things as crass as money in the first place.

Money is crass, taking a look at the low-lifes that showed up around here as soon as bitcoin become worth more than nothing is all the evidence you need.

[ChartBuddy]

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Explanation

[cbeast]

As this block size debate clearly shows: gentlemen don't use Bitcoin.

Of course, no true gentleman would go around discussing things as crass as money in the first place.

Money is crass, taking a look at the low-lifes that showed up around here as soon as bitcoin become worth more than nothing is all the evidence you need.

Bitcoin users are the lowest form of life with their drugs and porn and alpaca socks. True Gentlemen would not associate themselves with such nonsense.

[pleaseexplainagain]

As this block size debate clearly shows: gentlemen don't use Bitcoin.

Of course, no true gentleman would go around discussing things as crass as money in the first place.

Money is crass, taking a look at the low-lifes that showed up around here as soon as bitcoin become worth more than nothing is all the evidence you need.

Bitcoin users are the lowest form of life with their drugs and porn and alpaca socks. True Gentlemen would not associate themselves with such nonsense.

I have experienced drugs and porn but have never owned or worn alpaca socks. Since you used "and" between the three items can I assume 2 out of 3 lets me off the hook ie I remain a gentleman and a bitcoin user. (disclaimer - I have woollen socks from sheep and a 50;50 wool/possum blend but I see alpaca as a bridge too far)

[LMGTFY]

There's really only two outcomes without a higher or removed max block size: stagnation or network congestion failure. 

Like you don't need a gun to kill an ant, you don't need bitcoin to buy your damned coffee. Bitcoin is for gentlemen's transactions. Capisc?

As this block size debate clearly shows: gentlemen don't use Bitcoin.

I assumed we all had our butlers manage our day-to-day financial affairs. Dear god, did you people think I actually dirtied my hands with 1s and 0s? These silk gloves are white for a reason.

Hence my lack of participation in the block size debate: it's frightfully dull, I would need to associate with the hoi polloi, and if BTC goes south I'll simply sack my butler. (Sorry, Woodhouse).

[ChartBuddy]

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Explanation

[hdbuck]

There's really only two outcomes without a higher or removed max block size: stagnation or network congestion failure. 

Like you don't need a gun to kill an ant, you don't need bitcoin to buy your damned coffee. Bitcoin is for gentlemen's transactions. Capisc?

As this block size debate clearly shows: gentlemen don't use Bitcoin.

I assumed we all had our butlers manage our day-to-day financial affairs. Dear god, did you people think I actually dirtied my hands with 1s and 0s? These silk gloves are white for a reason.

Hence my lack of participation in the block size debate: it's frightfully dull, I would need to associate with the hoi polloi, and if BTC goes south I'll simply sack my butler. (Sorry, Woodhouse).

when in debate, don't.

translated into bitcoin code is status quo.

[oldm8]

There's really only two outcomes without a higher or removed max block size: stagnation or network congestion failure. 

Like you don't need a gun to kill an ant, you don't need bitcoin to buy your damned coffee. Bitcoin is for gentlemen's transactions. Capisc?

As this block size debate clearly shows: gentlemen don't use Bitcoin.

I assumed we all had our butlers manage our day-to-day financial affairs. Dear god, did you people think I actually dirtied my hands with 1s and 0s? These silk gloves are white for a reason.

Hence my lack of participation in the block size debate: it's frightfully dull, I would need to associate with the hoi polloi, and if BTC goes south I'll simply sack my butler. (Sorry, Woodhouse).

Think you a chap. Find out here for a tongue in cheek review of gentlemen
http://thechap.co.uk/category/am-i-chap/

[ChartBuddy]

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Explanation

[CuntChocula]

There's really only two outcomes without a higher or removed max block size: stagnation or network congestion failure. 

Like you don't need a gun to kill an ant, you don't need bitcoin to buy your damned coffee. Bitcoin is for gentlemen's transactions. Capisc?

Don't tell me what I need. It's that kind of arrogance that is going to make Bitcoin an asterisk in the history of cryptocurrencies. Businesses that dictate to their customers what they should want are gonna have a bad time.

Bitcoin is not a business, it is a protocol.

Is "ZOMG BITCOIN IS GOING TO DIE BECAUSE ARROGANCE" really your position?
...

And Assburgers. Must not forget Assburgers.

[Fatman3001]

Terry Wogan died, take a look at the norwegian headline: "Terry "Norway Zero points" Wogan er død"

http://www.aftenposten.no/kultur/Terry-Norway-Zero-points-Wogan-er-dod-8339241.html

[LMGTFY]

Terry Wogan died, take a look at the norwegian headline: "Terry "Norway Zero points" Wogan er død"

http://www.aftenposten.no/kultur/Terry-Norway-Zero-points-Wogan-er-dod-8339241.html

Huh, that's sad. It would, however, explain the $5 between the Eurovision-area exchanges (e.g. BTC-e) and the non-Eurovision exchanges (Stamp, Finex). It looks like Tel has a lot of fans in China, too.

[BlindMayorBitcorn]

A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

But for this to work it has to be tethered to the BTC chain...and there we'll have our Bitcoin world war II

In fact, I foresee considerable opposition to implement sidechain hooks in Bitcoin Core. But sidechains can add so much value to Bitcoin that the change is likely to be implemented. If not, Bitcoin might soon become obsolete and give way to an equivalent network that implements extensibility via sidechains.

I wonder what happens when the regulators realize that sidechains can put privacy and anonymity back ;-)

I think this is a really good question. How centralized does development have to become before it becomes liable? What exactly can Blockstream be held accountable for if CT sidechain is implemented? Just wondering out loud...

 

[CuntChocula]

Terry Wogan died, take a look at the norwegian headline: "Terry "Norway Zero points" Wogan er død"

http://www.aftenposten.no/kultur/Terry-Norway-Zero-points-Wogan-er-dod-8339241.html

Refuse to believe that's a real language. "død♌ efter ♑t kort s♎keleie, 77 år ga♋mel"?! Really?
You guys are too much

@BMB: Now we see the violence inherent in the system!

[WeltMaster]

Why is dogecoin going to the moon 

[Fatman3001]

Why is dogecoin going to the moon 

'Cause when every crypto is stupid you go with the stupid crypto

[ChartBuddy]

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Explanation

[BlindMayorBitcorn]

@BMB: Now we see the violence inherent in the system!

I can't decide if my post was more insubstantial or off-topic.

[wachtwoord]

Innovation is not burning a gigawatt of mining power to process less than 4 transactions per second.  Especially when we could increase that capacity by a factor of eight with almost no additional costs.

In economics, sometimes it's helpful to try and calculate the true cost of something by factoring out the subsidies. In this case the subsidy is the block reward and the cost is paid by investors/speculators.

if users actually paid the full cost of their transaction now, it would be several dollars each. That's a horribly inefficient system and not one worth investing in, IMHO.  The fact that it could potentially be much more efficient if some minor changes were made is irrelevant if there is no process for making those changes.

The governance model needs to change, so until Bitcoin Classic or something like it achieves a clear majority of support by nodes and miners, we have to assume the rough consensus mechanism of a small minority having effective veto power is going to continue, which means nothing is going to get done. Blocks will fill up. Fees will increase. There's really only two outcomes without a higher or removed max block size: stagnation or network congestion failure.  

The $7/tx subsidy only illustrates how ridiculous the coffees-on-the-blockchain idea is, and how critical it is that BTC become high-powered money rather than yet another retail payment rail.

Those four tps are the most precious rare things in existence.  The ability to store and/or transfer value quickly, securely, and without permission is unprecedented.  A gigawatt is a small price to pay for the provision of such a modern miracle.

It's adorable you think Honey Badger cares about ignorant Gavinista fuckwit ramblings and desires for a contentious hard fork and governance coup.

Please take your Negative Nancy 'zomg Bitcoin is GOING TO DIEEEEE WITHOUT 2MB RIGHT MEOW' bullshit over to BitcoinObituaries.com.

Posts like this give reminds me we have (some) intelligent people left on the forum. Thank you