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

[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.

[ChartBuddy]

Coin



Explanation

[AlexGR]

No.

https://getaddr.bitnodes.io/

This map reminds me of: http://nerdapproved.com/misc-weirdness/map-reveals-that-only-the-u-s-europe-japan-care-about-zombies/

But then again, that's a close resemblence of the internet activity map, which overlaps pretty much most internet activity, including bitcoin nodes

[BlindMayorBitcorn]

No.

https://getaddr.bitnodes.io/

This map reminds me of: http://nerdapproved.com/misc-weirdness/map-reveals-that-only-the-u-s-europe-japan-care-about-zombies/

But then again, that's a close resemblence of the internet activity map, which overlaps pretty much most internet activity, including bitcoin nodes

That's spooky, man. 

[noobtrader]

No.

https://getaddr.bitnodes.io/

This map reminds me of: http://nerdapproved.com/misc-weirdness/map-reveals-that-only-the-u-s-europe-japan-care-about-zombies/

But then again, that's a close resemblence of the internet activity map, which overlaps pretty much most internet activity, including bitcoin nodes

That's spooky, man. 

i can bet its the same nerd...

[rebuilder]

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.
[irrelevant vitriol removed for brevity]

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

The only thing the current subsidised cost-per-transaction shows is that the vast majority of mining profits come from block rewards, with hashrate mainly supported by a steep appreciation in BTC valuation and, presumably, an expectation of similar price trends to continue into the future. The current subsidy-corrected tx cost has hardly anything to do with actual network usage, and is ridiculously high no matter what the optimal use case for BTC ends up being. Unless you can propose a use case where 10% demurrage of wealth yearly is acceptable.