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

[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]

Coin



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

[blunderer]

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

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

Stand in that corner and think about it, while other [better] children giggle.

P.S. Thought upon reading wachtwoord's post: we really should start sucking each others' dicks complimenting each other more often. In public.

[Fatman3001]

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

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

Stand in that corner and think about it, while other [better] children giggle.

P.S. Thought upon reading wachtwoord's post: we really should start sucking each others' dicks complimenting each other more often. In public.

Yeah, people who can't appreciate such an intelligence tour de force as: "...ignorant Gavinista fuckwit ramblings..." really should sit down and reconsider their hostile and preconceived attitudes towards the beauty of the enlightened mind.

[Dotto]

That PwC association with core smells so rotten... I cant imagine something more opposite to the BTC original spirit.

Fork this

[Dotto]

FORK PwC

[ChartBuddy]

Coin



Explanation

[Meuh6879]

FORK PwC

No.

https://getaddr.bitnodes.io/

[gentlemand]

https://getaddr.bitnodes.io/

I haven't perused that list for quite some time. It makes for some enlightening reading. 1876 nodes in the US. 96 in China. 3 in the whole of India. Malta has more.

[sAt0sHiFanClub]

https://getaddr.bitnodes.io/

I haven't perused that list for quite some time. It makes for some enlightening reading. 1876 nodes in the US. 96 in China. 3 in the whole of India. Malta has more.

I'd say the low number of reported chinese nodes is due to the version message from bitnodes.21.co:0.1/  not getting through the GFC or the response timing out. Im sure the ones that do respond are cleverly proxy'ed.

[BlindMayorBitcorn]

https://getaddr.bitnodes.io/

I haven't perused that list for quite some time. It makes for some enlightening reading. 1876 nodes in the US. 96 in China. 3 in the whole of India. Malta has more.

What accounts for this?

[BlindMayorBitcorn]

https://getaddr.bitnodes.io/

I haven't perused that list for quite some time. It makes for some enlightening reading. 1876 nodes in the US. 96 in China. 3 in the whole of India. Malta has more.

I'd say the low number of reported chinese nodes is due to the version message from bitnodes.21.co:0.1/  not getting through the GFC or the response timing out. Im sure the ones that do respond are cleverly proxy'ed.

You think there are more but they're hidden somehow?

[gentlemand]

What accounts for this?

China has no retailers, no Coinbases, Bitpays, Grayscales, Panteras, developers or, dare I say it, much emotional investment so they'd run a node for altruistic reasons? It's just exchanges and mining farms.

[BlindMayorBitcorn]

What accounts for this?

China has no retailers, no Coinbases, Bitpays, developers or, dare I say it, much emotional investment? It's just exchanges and mining farms.

That was my guess. They don't actually use them. They just make them for us.

[coins101]

https://getaddr.bitnodes.io/

I haven't perused that list for quite some time. It makes for some enlightening reading. 1876 nodes in the US. 96 in China. 3 in the whole of India. Malta has more.

I'd say the low number of reported chinese nodes is due to the version message from bitnodes.21.co:0.1/  not getting through the GFC or the response timing out. Im sure the ones that do respond are cleverly proxy'ed.

There are far fewer full nodes that are actively available, 40% to 60% of the numbers reported - based on the website you have quoted. However, there are also many nodes that people don't list.

https://www.youtube.com/watch?v=RWeIEFBrItE&feature=youtu.be&t=11m0s

[blunderer]

Can someone ELI5 why its important for us to have more non-mining nodes in China?

[sAt0sHiFanClub]

Can someone ELI5 why its important for us to have more non-mining nodes in China?

No reason whatsoever that I can see. There is no reason either for a chinese miner to have their nodes in China at all. Could just as easily be hosted on VPS outside the GFC.