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

[ChartBuddy]

Coin



Explanation

[marcus_of_augustus]

Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.

edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?

[BlindMayorBitcorn]

Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.

edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?

That's probably you dumping and blaming him. Brilliant, really!

Edit: I have to go walk my dog.

[orpington]

Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.

edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?

Shit-eating grin lol!

Wouldn't be surprised.

[poncom]

Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.

edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?

What has he controversially posted? I don't read r/bitcoin and I can't face wading through page after page to find his post. Is it another post about the block size combined with another alternate Bitcoin wallet? The last thing I heard about Gavin was he climbed down to suggesting going for 2MB blocks.

[BlindMayorBitcorn]

Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.

edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?

What has he controversially posted? I don't read r/bitcoin and I can't face wading through page after page to find his post. Is it another post about the block size combined with another alternate Bitcoin wallet? The last thing I heard about Gavin was he climbed down to suggesting going for 2MB blocks.

Any time the price tanks they blame Gavin. Might even be true. He's a human stress-test.

[European Central Bank]

It's his explanation and break down of 2mb blocks. I can't say it made me scream or break out in a cold sweat.

[marcus_of_augustus]

Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.

edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?

What has he controversially posted? I don't read r/bitcoin and I can't face wading through page after page to find his post. Is it another post about the block size combined with another alternate Bitcoin wallet? The last thing I heard about Gavin was he climbed down to suggesting going for 2MB blocks.

Dumpus_Maximus just posted about arbitrary numbers and binaries for "crassic"
usual thing, brigade voted to the top in no time by the usual paid shills, trolls, zealots and agent provocateurs
https://www.reddit.com/r/Bitcoin/
... dump incoming as per expected, cheap coinz for his bankster buddies.

[BlindMayorBitcorn]

Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.

edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?

What has he controversially posted? I don't read r/bitcoin and I can't face wading through page after page to find his post. Is it another post about the block size combined with another alternate Bitcoin wallet? The last thing I heard about Gavin was he climbed down to suggesting going for 2MB blocks.

Dumpus_Maximus just posted about arbitrary numbers and binaries for "crassic"
usual thing, brigade voted to the top in no time by the usual paid shills, trolls, zealots and agent provocateurs
https://www.reddit.com/r/Bitcoin/
... dump incoming as per expected, cheap coinz for his bankster buddies.

I expect adoption of the 2mb change will be faster, because once 50% of hashpower supports the change Bitcoin Core will complain “This version is obsolete; upgrade required!”.

What a thoughtless heathen!

[danielW]

Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.

edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?

What has he controversially posted? I don't read r/bitcoin and I can't face wading through page after page to find his post. Is it another post about the block size combined with another alternate Bitcoin wallet? The last thing I heard about Gavin was he climbed down to suggesting going for 2MB blocks.

Dumpus_Maximus just posted about arbitrary numbers and binaries for "crassic"
usual thing, brigade voted to the top in no time by the usual paid shills, trolls, zealots and agent provocateurs
https://www.reddit.com/r/Bitcoin/
... dump incoming as per expected, cheap coinz for his bankster buddies.

Some people would rather the 75% be 95% or 99%. I think that is too high because it gives “veto power” to a single big solo miner or mining pool. Holding veto power is dangerous– somebody who disagrees with the change or just wants to disrupt Bitcoin might use extortion, bribery, or blackmail against a miner to try to prevent the change.

Other people think 75% is too high; after all, if 51% of hash power got together they could just choose to ignore blocks that vote 'the wrong way’. If they are mining pools they might lose most of their miners, but they could.

What a thoughtless heathen!

Lol he can not gain consensus so he just lowered the trigger (compared to 95% which is usually used for soft forks!) to try and push through his chaotic contentious hard fork (really attempted coup).

He is again using political language, hiding his real aim of forcing a hard fork under the banner of fighting extortion veto etc.  Nobody is extorting anybody many people simply disagree. Bitcoin is meant to not change without consensus.

[BlindMayorBitcorn]

Meant to not change without how much consensus?

Edit: Some of it? All of it? Do we require social consensus before all else? How much?

[ChartBuddy]

Coin



Explanation

[ImI]

Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.

edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?

What has he controversially posted? I don't read r/bitcoin and I can't face wading through page after page to find his post. Is it another post about the block size combined with another alternate Bitcoin wallet? The last thing I heard about Gavin was he climbed down to suggesting going for 2MB blocks.

Dumpus_Maximus just posted about arbitrary numbers and binaries for "crassic"
usual thing, brigade voted to the top in no time by the usual paid shills, trolls, zealots and agent provocateurs
https://www.reddit.com/r/Bitcoin/
... dump incoming as per expected, cheap coinz for his bankster buddies.

Some people would rather the 75% be 95% or 99%. I think that is too high because it gives “veto power” to a single big solo miner or mining pool. Holding veto power is dangerous– somebody who disagrees with the change or just wants to disrupt Bitcoin might use extortion, bribery, or blackmail against a miner to try to prevent the change.

Other people think 75% is too high; after all, if 51% of hash power got together they could just choose to ignore blocks that vote 'the wrong way’. If they are mining pools they might lose most of their miners, but they could.

What a thoughtless heathen!

Lol he can not gain consensus so he just lowered the trigger (compared to 95% which is usually used for soft forks!) to try and push through his chaotic contentious hard fork.

He is again using political language, hiding his real aim of forcing a hard fork under the banner of fighting extortion veto etc.  Nobody is extorting anybody many people simply disagree. Bitcoin is meant to not change without consensus.

define consensus.

if consensus means >95% of the community/miners then Bitcoin will never move ahead! its very easy to convince a minority of 5% to block a certain unwanted evolution.  the result is gridlock.

[danielW]

Meant to not change without how much consensus?

Edit: Some of it? All of it?

More then 75% of hash power and a few big name exchanges, thats for sure.

[danielW]

Gavin's big dial with the shit-eating grin on front of r/bitcoin again ... dump incoming.

edit: notice how he releases these controversial posts at critical timings for technical price breakouts ... or coincidence?

What has he controversially posted? I don't read r/bitcoin and I can't face wading through page after page to find his post. Is it another post about the block size combined with another alternate Bitcoin wallet? The last thing I heard about Gavin was he climbed down to suggesting going for 2MB blocks.

Dumpus_Maximus just posted about arbitrary numbers and binaries for "crassic"
usual thing, brigade voted to the top in no time by the usual paid shills, trolls, zealots and agent provocateurs
https://www.reddit.com/r/Bitcoin/
... dump incoming as per expected, cheap coinz for his bankster buddies.

Some people would rather the 75% be 95% or 99%. I think that is too high because it gives “veto power” to a single big solo miner or mining pool. Holding veto power is dangerous– somebody who disagrees with the change or just wants to disrupt Bitcoin might use extortion, bribery, or blackmail against a miner to try to prevent the change.

Other people think 75% is too high; after all, if 51% of hash power got together they could just choose to ignore blocks that vote 'the wrong way’. If they are mining pools they might lose most of their miners, but they could.

What a thoughtless heathen!

Lol he can not gain consensus so he just lowered the trigger (compared to 95% which is usually used for soft forks!) to try and push through his chaotic contentious hard fork.

He is again using political language, hiding his real aim of forcing a hard fork under the banner of fighting extortion veto etc.  Nobody is extorting anybody many people simply disagree. Bitcoin is meant to not change without consensus.

define consensus.

if consensus means >95% of the community/miners then Bitcoin will never move ahead! its very easy to convince a minority of 5% to block a certain unwanted evolution.  the result is gridlock.

Just few months ago core got more then 95% consensus for their soft fork. So you are factually wrong to say Bitcoin never moves ahead if 95% is required.

It is moving and improving rapidly all the time.

[ImI]

Meant to not change without how much consensus?

Edit: Some of it? All of it?

More then 75% of hash power and a few big name exchanges, thats for sure.

maybe more then 75%, but you definitely reach a certain point where it gets ridiculous.

[JayJuanGee]

Meant to not change without how much consensus?

Edit: Some of it? All of it? Do we require social consensus before all else? How much?

Doesn't really seem like that negative in respect to the news, yet could be an opportunity to dump or to verify whether there is enough uncertainty in the air..

But then the question is whether such a dump (which so far has brought us to $376) will take us to the lower $370s or to the $360s or further down?   

I'm willing to wait a little bit before buying, even though it could be a mistake and bounce back and then I missed an opportunity to buy a bit more.

Could be a long weekend to attempt to preserve enough cash, just in case?

 

[ImI]

Just few months ago core got more then 95% consensus for their soft fork. So you are factually wrong to say Bitcoin never moves ahead if 95% is required.
It is moving and improving rapidly all the time.

it doesnt matter if you had an uncontroversial soft fork that was accepted by 95%. when it comes to crucial and controversial decisions and not just minor changes you will see that 95% means factual gridlock as 5% can be easily mobilized. bitcoin will face even harder decisions than this blocksize issue at the moment, with maybe even harder controversies.

and in THAT situations of controversial but neccessary decisions 95% are deadly, as you may eventually wait forever for the community to unite behind one proposal and the project falls behind because its not able to adapt to new challenges.

you see, the blocksize isnt such a crucial issue at the moment imo, but if bitcoin wont be able to handle it in a timely matter its a bad sign for future hurdles to come which may be way more important.

[marcus_of_augustus]

Just few months ago core got more then 95% consensus for their soft fork. So you are factually wrong to say Bitcoin never moves ahead if 95% is required.
It is moving and improving rapidly all the time.

it doesnt matter if you had an uncontroversial soft fork that was accepted by 95%. when it comes to crucial and controversial decisions and not just minor changes you will see that 95% means factual gridlock as 5% can be easily mobilized. bitcoin will face even harder decisions than this blocksize issue at the moment, with maybe even harder controversies.

and in THAT situations of controversial but neccessary decisions 95% are deadly, as you may eventually wait forever for the community to unite behind one proposal and the project falls behind because its not able to adapt to new challenges.

you see, the blocksize isnt such a crucial issue at the moment imo, but if bitcoin wont be able to handle it in a timely matter its a bad sign for future hurdles to come which may be way more important.

sounds like you want a bitcoin "Progressive" edition ... and like the political party of the same name inevitably fall into the inflation trap ... "for the children".

[BlindMayorBitcorn]

I wonder what the price would collapse to in the event of an actual controversial hard fork. I mean like 75% controversial.

Not that this is an argument either way. Censorship-resistant money ain't cheap. And I'm prepared to make sacrifices. But the exodus would be epic.