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

[Cconvert2G36]

I don't know all about that purge non-sense ... we shouldn't stoop to their level and use violence, torture, kidnapping, and murder to effect change when we can write code and peacefully opt out of funding various crimes against humanity.
-snip-

Whoa brother... I was thinking more of deleting their comments and banning them from subreddits... followed by a little gentle DDoSing, no need to go that far.

To be fair ... The reality distortion field was high within their community because outside trolls and agent provocateurs where actively supporting Bitcoin Classic to create division in our community and because adopting that implementation would lead to centralization and dis-empower all the "evil" crypt-anarchists and cipher-punks.

We shouldn't hold any grudges against most Classic supporters and welcome them back in as our temporarily lost brothers in an act of solidarity.

So if I admit I've been mislead by Satoshi's white paper outside trolls and agent provocateurs... will you cipher punks welcome me back into the agreeable hodler fold? I can't imagine how I would cope without JJG's insight and humor... Sure, a big ol' pile of stinkin' filthy fiat might help, but would leave me with a strange acrobat shaped hole in my heart. 

[ChartBuddy]

Coin



Explanation

[BitUsher]

Whoa brother... I was thinking more of deleting their comments and banning them from subreddits... followed by a little gentle DDoSing, no need to go that far.

You were using the term Purge which was an odd attempt to by Fatman3001 to insinuate I advocated for technique used by Stalin and his followers. Take a Look at this deplorable moment in history that he was referring to https://en.wikipedia.org/wiki/Great_Purge

So if I admit I've been mislead by Satoshi's white paper outside trolls and agent provocateurs... will you cipher punks welcome me back into the agreeable hodler fold? I can't imagine how I would cope without JJG's insight and humor... Sure, a big ol' pile of stinkin' filthy fiat might help, but would leave me with a strange acrobat shaped hole in my heart.  

You are always welcome to stay, leave, or advocate for change friend. No need to admit you were wrong either, as it really isn't about arguing over Satoshi's Whitepaper because he left and the direction of Bitcoin is in our hands now. You and Me.... we should work together in solidarity to make it better.

P.S... I believe their are many genuine bitcoin advocates who support Classic(including some prominent anarchists like Ver and Janssens so this isn't about Statists vs Anarchists), and that the trolls and agent provocateurs aren't just representing the classic side but multiple groups for various reasons. One likely reason is to subvert our ecosystem. Here is a good video giving you an overview on how states subvert organizations they oppose - https://www.youtube.com/watch?v=8fQoGMtE0EY

I do think that it is possible that States are still ignoring and simply watching our ecosystem from the sidelines as they have already admitted towards...who knows? The beauty of subversion is that it is extremely difficult to avoid or identify and those that claim that it is happening are accused of being paranoid. The good thing is that we can avoid its effects by increasing education and trying not to automatically assume ill will , and sticking to the facts as best we can to avoid it if it is happening.

[marcus_of_augustus]

Still moon.
buy.

interesting to wandererfromthenorth turn so bullish, pleasant but interesting ... could this be "THE" one?

[ImI]

breakout incoming.

[blunderer]

... some prominent anarchists like Ver and Janssens ...

Can't argue, that some bad anarchist bros, right there...

[BitUsher]

Here is a Great Article From Bruce Fenton that we all should consider -

https://medium.com/@brucefenton/holding-ourselves-to-a-higher-standard-seven-steps-to-mitigate-the-human-flaws-in-our-bitcoin-4197b7c0fa24#.55g3fubea

breakout incoming.

Looks that way.

[blunderer]

Here is a Great Article From Bruce Fenton that we all should consider -

https://medium.com/@brucefenton/holding-ourselves-to-a-higher-standard-seven-steps-to-mitigate-the-human-flaws-in-our-bitcoin-4197b7c0fa24#.55g3fubea

Would that be the Bruce Fenton, the totally relevant Chief Chairchief of The [lol, we're bankrupt] Bitcoin Foundation?
Or did they finally put that thing out of our misery?

[nioc]

Difficulty:   144,116,447,847
Next:   178,425,017,594
Hash Rate:   1,236,498,466 GH/s

[Cconvert2G36]

-snip-
You and Me.... we should work together in solidarity to make it better.

P.S... I believe their are many genuine bitcoin advocates who support Classic(including some prominent anarchists like Ver and Janssens so this isn't about Statists vs Anarchists), and that the trolls and agent provocateurs aren't just representing the classic side but multiple groups for various reasons.
-snip-

Fair enough.

To the outside world, we're both idealists and weirdos. We're probably more alike than different, in terms of goals and motives. Subversive tactics have been employed by both sides, with each side probably thinking the other side did it much worse.

To me, this disagreement boils down to the method on which transactions are priced. One side views something as a decentralization retention dial, the other sees the same dial as an economic policy tool not unlike central economic planning. We disagree on that, and we'll see how it shakes out. It could end up with me quite a bit more financially diversified, I sincerely hope it doesn't, but we all have to act rationally (or attempt to) as things change.

To free minds, and free markets, cheers.

[ChartBuddy]

Coin



Explanation

[BlindMayorBitcorn]

Here is a Great Article From Bruce Fenton that we all should consider -

https://medium.com/@brucefenton/holding-ourselves-to-a-higher-standard-seven-steps-to-mitigate-the-human-flaws-in-our-bitcoin-4197b7c0fa24#.55g3fubea

Would that be the Bruce Fenton, the totally relevant Chief Chairchief of The [lol, we're bankrupt] Bitcoin Foundation?
Or did they finally put that thing out of our misery?

We trolled that poor fellow mercilessly. You should apologize.

Appreciate.

[BitUsher]

Difficulty:   144,116,447,847
Next:   178,425,017,594
Hash Rate:   1,236,498,466 GH/s

Estimated Next Difficulty:    178,784,614,714 (+24.06%)
This is a clear sign of going up... miners investing more and burning more electricity in anticipation for bull run.

To me, this disagreement boils down to the method on which transactions are priced. One side views something as a decentralization retention dial, the other sees the same dial as an economic policy tool not unlike central economic planning. We disagree on that, and we'll see how it shakes out.

We don't necessarily have to choose between either. Perhaps competing payment channels could have different economic policies where some allowed higher txs by having a longer CLTV period before settlement, some could have stricter spam control, and others less volume with shorter settlement times. 

 Dipping in a fee market event if it proves harmful won't be disastrous as there are always temporary off the chain solutions to buffer the extra tx's (Ironically, those that support Classic), and it will merely sway miners and many other to support increasing the blocksize quickly.  If a fee market event proves to remove a lot of spam and create innovative other solutions like payment channels, we also all win. Basically we are discussing champagne problems that can be dealt with as we learn. The worst outcome is if a fee market isn't realized because tx volume stagnates.

[r0ach]

If anyone remembers my post in October, I went all in at $230 and posted a couple days later:

https://bitcointalk.org/index.php?topic=1200114.0

I was fully out at $44x.  Now I'm back all in at $375.


<r0ach> I believe Armstrong said gold would crater to lowest in Q1 2016, but I might be mistaken
<r0ach> and gold has bottomed then rose
<r0ach> so that might signal the end of the btc drop as well
<r0ach> meanwhile, Harvey Dent said gold would hit $700, hopefully he did not trade on his own advice
<r0ach> Faber says gold to "possibly" $2000 in 2016, so Bitcoin should do similar large gains as well
<r0ach> the fact that people in london are standing in lines in the street for gold seems like Harvey Dent commodity collapse is a tad off
<r0ach> both Bitcoin and gold are more of a currency than commodity anyway, so a deflationary collapse with
<r0ach> liquidity crisis doesn't just make them go down with other commodities
<r0ach> they can benefit from liquidity crunch just like the USD

[Morecoin Freeman]

This gone be good.

[JayJuanGee]

-snip-
...the fact that Classic is DOA with the mining and economic majority opposing them. Cheers friend.  
-snip-

You read the letter as a resounding denunciation of Classic and a firm endorsement of Core, interesting.

Upon reading point 3...

In the next 3 weeks, we need the Bitcoin Core developers to work with us and clarify the roadmap with respect to a future hard-fork which includes an increase of the block size.

This is obviously asking Core to do what they have refused to do for a year now, and it gives a deadline.

Let's see if miners will grab the bone they might be thrown. My guess is that it will be a pinky promise for a HF sometime in 2017.

Now, because Core is immune to politics, and will only base decisions on their enabling of future profitability technical superiority... they simply cannot do this. To change Gregory's roadmap is to succumb to political pressure where a mouth breathing majority tramples the sacred rights of the enlightened minority, compromising at all would mean they have been lying all along about that point. Bit of a pickle there. Cheers Friend. 

Let the purge begin! Bitcoin is a settlement tool for central banking, excelsior!
Any tips on how I can run a payment channel hub to siphon fees from miners?

https://www.quora.com/What-does-the-White-House-think-of-cryptocurrencies-such-as-bitcoin

Ed Felten, Deputy U.S. Chief Technology Officer of The US gvt has keenly watching the debate as they are interested in the outcome.
Claims there is no participation.

The sooner we purge these CIA/GCHQ banksters, the better! Zionists... ur next! 

Regarding the part that I bolded above, I am a little bit unclear about your apparent desire to be combative on these various points.  It is like you are buying into some kind of argument that bitcoin is in a state of emergency and that there's got to be a hardfork, or else we are screwed.

Hello?  How could there have to be a hardfork in order to achieve a technological limitations issue... That 1mb versus 2mb technological change is likely not a big deal, and there seems to be absolutely no need for a hardfork in order to achieve such technological change.

In fact, it appears that the ONLY reason for a hard fork, rather than a soft fork, is because one part is trying to force the issue and therefore to cause some kind of precedent for being able to make emergency changes via non-consensus, and there is no need to force any issue because a large majority already agrees more or less that an increase will be needed at some point.  There is no rush to create a timeline blah blah blah.. because seg wit is right around the corner, and seg wit should be incorporated first in order to see how that plays out, and thereafter, after seg wit has been incorporated for a few months, then likely there can be additional and/or lengthy investigation into the impact and possibly even a timeline for causing some kind of block size increase, and again no need to hard fork such a decision, unless you are attempting to take away consensus decision making and to attempt to rule from a smaller group of peeps.

[JayJuanGee]

UPDATE: I now have a 80 coin short in. Want to make it 160? 320? keep pumping, cripplecoiners.

Wow... you are braver bear than me... I shorted 2 days ago, when 12h MACD divergence looked ready to cross into red,
and then had to close the short at a small loss, so now I'm waiting, it may crash this weekend or climb to 400$ and then crash.
Anyway IMO support at 300$ must be tested, even in a bullish scenario.

I love that even your bullish scenario includes a price crash of 21%. Nothing changes 

Yeah, a crash of 20%, even after there had already been, more or less a crash of 20%... so that looks like about 40% under the Tzupy "bull-ish" scenario.

[nioc]

Difficulty:   144,116,447,847
Next:   178,425,017,594
Hash Rate:   1,236,498,466 GH/s

Estimated Next Difficulty:    178,784,614,714 (+24.06%)
This is a clear sign of going up... miners investing more and burning more electricity in anticipation for bull run.

There has also been new more efficient asics deployed.  I have no way of knowing what portion of the increase is due to what.

If things go as usual the bull run should happen right before I get fresh fiat next month
@ the world revolves around me

[Cconvert2G36]

We don't necessarily have to choose between either. Dipping in a fee market event if it proves harmful won't be disastrous as there are always temporary off the chain solutions to buffer the extra tx's (Ironically, those that support Classic), and it will merely sway miners and many other to support increasing the blocksize quickly.

You're leaving out permanent off chain solutions. You might have seen the alt markets lately... This is not a space without competitive pressure, open source code vs periodic table.

I think your final point is true, the questions are when, and at what cost?

Block reward is the manna to consume while eating everyone else's lunch with unmatched utility. More capacity, more fees, and the inflation curve is ridden with ease.

I'm not against secondary layers, nor structural changes with demonstrated utility, they will be absolutely mandatory for massive scale. However, they build on Bitcoin, sacrifices shouldn't be made to do it the other way around.

@JJG, don't be like BJA, it's not a crisis where everything explodes and fails all at once... it's a slow bleed away of utility and potential.

[JayJuanGee]

billy, please keep us updated as you double down. Will make things much more enjoyable.

You have been away for a while.


You really expect BullyJA to tell the truth?