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

[ChartBuddy]

Coin



Explanation

[Fatman3001]

Unfortunately classic is not quite dead yet.

When it is and the threat of chaotic, contentious and unnecessary (segwit is superior) hard fork is over, we can all look forward to a massive price increase (like move from 230->450 after xt collapse) and bitcoin moving forward.

These bombing runs from Gavin and coinbase are getting tiring.

I doubt they will be able to centralise bitcoin development under their control.

Why unfortunately? Isn't it always good to have different possibilities? you never know what might happen

I personnally support all the coins! Classic, Core, Litecoin...

It's precisely because Bitcoin Classic isn't an alt they all go mental.

[danielW]

Unfortunately classic is not quite dead yet.

When it is and the threat of chaotic, contentious and unnecessary (segwit is superior) hard fork is over, we can all look forward to a massive price increase (like move from 230->450 after xt collapse) and bitcoin moving forward.

These bombing runs from Gavin and coinbase are getting tiring.

I doubt they will be able to centralise bitcoin development under their control.

Why unfortunately? Isn't it always good to have different possibilities? you never know what might happen

I personnally support all the coins! Classic, Core, Litecoin...

It's precisely because Bitcoin Classic isn't an alt they all go mental.

No its because I want bitcoin development lead by people who:

 value decetralisation, provide features like confidential transactions etc.

as opposed to people who:

visit cia, join organisations that want to work with government to police bitcoin, float ideas like blacklists of transactions, and do not care about ordinary node users etc.


I don't want bitcoin to be crippled by these people into paypal 2.0 (except slower)

[Fatman3001]

Unfortunately classic is not quite dead yet.

When it is and the threat of chaotic, contentious and unnecessary (segwit is superior) hard fork is over, we can all look forward to a massive price increase (like move from 230->450 after xt collapse) and bitcoin moving forward.

These bombing runs from Gavin and coinbase are getting tiring.

I doubt they will be able to centralise bitcoin development under their control.

Why unfortunately? Isn't it always good to have different possibilities? you never know what might happen

I personnally support all the coins! Classic, Core, Litecoin...

It's precisely because Bitcoin Classic isn't an alt they all go mental.

No its because I want bitcoin development lead by people who:

 value decetralisation, provide features like confidential transactions etc.

as opposed to people who:

visit cia, join organisations that want to work with government to police bitcoin, float ideas like blacklists of transactions, and do not care about ordinary node users etc.


I don't want bitcoin to be crippled by these people into paypal 2.0 (except slower)

What you said doesn't negate what I said. It reinforces it.

[ChartBuddy]

Coin



Explanation

[bargainbin]

You know when an army is truly defeated? Not when its frontline Shtrafbats get slaughtered, that sort of thing's to be expected, plenty more grist where that came from; a battle is not the war.

But when the generals turn on each other and start slapfighting. With spittle, potty words and hair-pulling!
Ain't no recovering from that...

[Dotto]

Volume is kind of zombie. Anybody care of speculate when there will be some action? It seems there is a big triangle closing on 14 feb. Just for pure intuition based on nothing more I would say a dump is coming sometime before St Valentines

[Elwar]

It is only because of politics that people will not like Classic.

Classic is just Core with at 2mb block size limit.

As long as that statement is true I will support it. I supported XT also until Hearn added blacklisting code to it.

Core with at 2mb instead of 1mb limit is a good idea. That's just math/logic. Not politics.

I will be sure to upgrade my node (yes, I still actually run a full node) when it is fully released (as long as there are no other changes snuck in!).

[bargainbin]

^^^Yes, but...

... It seems there is a big triangle closing on 14 feb. ...

Thou art wearied in the multitude of thy counsels. Let now the astrologers, the stargazers, the monthly prognosticators, stand up, and save thee from these things that shall come upon thee.

[BlindMayorBitcorn]

I have an idea!

[hdbuck]

I have an idea!

We all know how this story ends: the stupid selfish bitch (gavin) not caring about the baby cut in half gets nothing but cryptoshame.

[Lutzow]

Still no price rally that we've been waiting for bitcoin. We need whales now to invest further into bitcoin or else it will still be at this price few weeks away from halving.

[matrix zion]

Still no price rally that we've been waiting for bitcoin. We need whales now to invest further into bitcoin or else it will still be at this price few weeks away from halving.

I Don't care for the price staying the same. It can even be a good thing.

I prefer stable price over an incredible overrated price then a hell of a dump just after or before the halving man!

[BitUsher]

It is only because of politics that people will not like Classic.

Classic is just Core with at 2mb block size limit.

Classic is building off the 0.11.2 branch which is soon to be outdated with 0.12.0 coming out of RC. There are many significant improvements with 0.12.0 that you will be forgoing(It is unlikely that Classic will switch over to 0.12.0 within the next 2 months) . Classic only has 2 experienced developers maintaining it where Core has 45.

Segwit and classic have practically similar capacity upgrades, with segwit allowing for better longterm scaling by fixing tx malleability(something that is required for payment channels to progress) .

Logically, supporting Classic doesn't make much sense.

[LFC_Bitcoin]

I'm pretty confident Classic will fail to gain consensus. Core will win this battle & then we can forget about all this crap & look forward to the halving.

[Elwar]

It is only because of politics that people will not like Classic.

Classic is just Core with at 2mb block size limit.

Classic is building off the 0.11.2 branch which is soon to be outdated with 0.12.0 coming out of RC. There are many significant improvements with 0.12.0 that you will be forgoing(It is unlikely that Classic will switch over to 0.12.0 within the next 2 months) . Classic only has 2 experienced developers maintaining it where Core has 45.

Segwit and classic have practically similar capacity upgrades, with segwit allowing for better longterm scaling by fixing tx malleability(something that is required for payment channels to progress) .

Logically, supporting Classic doesn't make much sense.

That's why I say, only if that is the change.

Frankly I don't understand why it would need many coders or time to change a line of code from 1mb to 2mb. I can do it quickly, just give me an hour, grep and vi.

I don't want to support a hard fork that does anything but the block size change. Throwing in last minute changes along with it is similar to politicians throwing in their shitty little laws here and there with major laws that everyone supports.

[matrix zion]

I'm pretty confident Classic will fail to gain consensus. Core will win this battle & then we can forget about all this crap & look forward to the halving.

Well I can't be sure but if they don't manage to win the fight with 22 times more dev, they'll never win any fight xD

[bargainbin]

...
Segwit and classic have practically similar 0-0.25MB difference capacity differences , with segwit allowing for better longterm scaling by fixing tx malleability(something that is required for payment channels to progress) .

Logically, supporting Classic doesn't make much sense.

TL;DR: Classic takes an existing kludge (1MB limit) and changes it to 2MB. No complexity added.
Core keeps the existing kludge (1MB limit), and *adds another, horrendously convoluted kludge, just to keep the *other* kludge*.
In technical circles, this sort of thing is called "fucking retarded," "a patch on a patch."

[BitUsher]

I'm pretty confident Classic will fail to gain consensus. Core will win this battle & then we can forget about all this crap & look forward to the halving.

The great news about all this infighting , is if bitcoin can survive this, than it shows how resilient it is to politics changing the protocol on contentious issues. Once this chapter is behind us there will be no doubt that blacklists, KYC will have no place in the protocol or the 21 million limit would ever be changed.

2 more months and this will be behind us.

[BitUsher]

That's why I say, only if that is the change.

Frankly I don't understand why it would need many coders or time to change a line of code from 1mb to 2mb. I can do it quickly, just give me an hour, grep and vi.

I don't want to support a hard fork that does anything but the block size change. Throwing in last minute changes along with it is similar to politicians throwing in their shitty little laws here and there with major laws that everyone supports.

There are indeed more changes to Classic than you are implying... There necessarily has to be because simply changing maxBlockSize from 1,000,000 bytes to 2,000,000 bytes would be dangerously irresponsible and introduce new attack vectors.

Here is a list of the changes done -

https://github.com/gavinandresen/bips/blob/92e1efd0493c1cbde47304c9711f13f413cc9099/bip-bump2mb.mediawiki

What I find most deplorable about these changes is the 75% threshold and extremely small 28 day window which goes against the miners wishes of 90% . Even Bitmain's CEO believes this is too small. Softforks require 95% mining consensus for goodness sake and they want to push through a contentious hardfork at 75%.... This is essentially a political coup.