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

[BitUsher]

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.

Than the solution to this dilemma is to do more testing , grow our market share with users, write more software, startup more businesses faster than the other alts. Its still too early to know how to solve our problems or what a fee market event will look like... the only thing we can do is innovate and create redundancy plans.... This does mean we should try and strengthen other implementations(I don't know If I can ever agree on a low threshold for a HF though )

I understand , the above is easier said than done.

[r0ach]

The price is likely to rise again on Monday as China gets back from holiday, combined with the fact that gold seemed to have bottomed and started to increase, and the Yuan is supposed to be devalued by like 30-40%, so I went all in at $375 and already up $10 a coin.  No matter how much bullshit BJA says, there are too many positive external factors on price right now to be that dangerous to hold.  The Yuan devaluation thing alone is yuge and might turn out to just be shoveling free money at you by holding BTC.

A halving + huge yuan devaluation at the same time?  Are you shitting me?  It's like god himself is trying to increase the BTC price.  Even if the blockchain stopped and never worked again it would probably go up.

[Cconvert2G36]

You either are attempting to get it or you are not.


You are likely not to have any run ins with me, so long as you are at least attempting to provide fact based posts and attempts at logical opinions and conclusions. 

On the other hand, when you seem to be talking your book or coming to various illogical and provocative conclusions, then you are likely going to receive some haters..   hahahaha     

You think I would give a shit about any of this if I wasn't net long?

hahaha hate on buddy 

Would like nothing more than to solve this dispute and go back to juvenile market banter, remember those happy days?

     

[noobtrader]

The price is likely to rise again on Monday as China gets back from holiday, combined with the fact that gold seemed to have bottomed and started to increase, and the Yuan is supposed to be devalued by like 30-40%, so I went all in at $375 and already up $10 a coin.  No matter how much bullshit BJA says, there are too many positive external factors on price right now to be that dangerous to hold.  The Yuan devaluation thing alone is yuge and might turn out to just be shoveling free money at you by holding BTC.

A halving + huge yuan devaluation at the same time?  Are you shitting me?  It's like god himself is trying to increase the BTC price.  Even if the blockchain stopped and never worked again it would probably go up.

agreed, it seem that 450 is the target near term.

[JayJuanGee]

@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.

I'm hardly like BJA because I am not really trying to sell anything or to talk my book or to brag in various ways,... which BJA seems to attempt a lot.

Surely, I am overall bullish about bitcoin, and I am expecting it's price to go upwards in the longer term (and so I do not buy any supposed "bleed" hypothesis, but I do not really know and I am open to learn if the evidence seems to support that direction. 

Accordingly, I participate in these forums in order to be interactive in my learning with other participants about bitcoin and discussing my attempts to invest in accordance with my perspective and my risk profile, and if the evidence begins to support that I need to shift my investment or to reallocate towards some other crypto, then I don't have a problem doing that, if I am able to identify it soon enough to make such a move seem feasible (which sometimes, there may be transfer expenses and losses).

I am not engaging in discussions in this forum in any attempt to push the short term BTC price direction and/or to propagandize regarding any kind of short term bet that I may have or trying to compete with anyone regarding whether I am correct in my views or regarding my BTC holdings and/or my claims to profits.  Accordingly, if I can learn from various posts, then I find that helpful.

In recent times, I had claimed to be neutral regarding whether a hard fork needed to occur and even regarding the possible implementation of classic or XT... but as time has evolved and I have read up about these potential pushes towards a hard fork, I have gone over to viewing those pushes for hardforks as being overly coercive, unnecessary and bully type behavior.  My mind is not closed on the topic; however, that seems to be my current leanings, especially coming from some readings of threads in the forum and my participation as well.

[ChartBuddy]

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Explanation

[BlindMayorBitcorn]

-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! 

This sinister sounding abbreviation keeps popping up.

BlindMayorBitcorn, I can't help but observe that flooding a thread with tripe-- as you appear to be doing-- when it isn't going your way is literally straight out of the GCHQ public communication subversion playbook.

I really ought to know what this is I'm a part of.

[JayJuanGee]

You either are attempting to get it or you are not.


You are likely not to have any run ins with me, so long as you are at least attempting to provide fact based posts and attempts at logical opinions and conclusions.  

On the other hand, when you seem to be talking your book or coming to various illogical and provocative conclusions, then you are likely going to receive some haters..   hahahaha    

You think I would give a shit about any of this if I wasn't net long?

hahaha hate on buddy  

Would like nothing more than to solve this dispute and go back to juvenile market banter, remember those happy days?

     

I'm not hating on anyone, including you, Cconvert2G36.  

O.k., sometimes it may seem that I am hating a bit on BJA, but really, I believe that I am hating more on the substance of BJA's posts rather than on him.... .. but sometimes when he or others become so ridiculous and repetitive in their content, it sometimes will begin to seem more personal than I mean my response to be.


I try to be very open to any discussions of meaningful and/or trivial topics, so long as we are attempting to grapple with real, rather than made up facts... so long as we are attempting to apply actual rather than made up logic.

Sometimes there can be troubles, however, when we are grappling in our attempts to understand facts that are presented to us, which may sometimes lead us to employing bad logic based on emotion rather that real attempts at resolution(s).

[gentlemand]

BlindMayorBitcorn, I can't help but observe that flooding a thread with tripe-- as you appear to be doing-- when it isn't going your way is literally straight out of the GCHQ public communication subversion playbook.

I really ought to know what this is I'm a part of.

Hey, congratulations. You're now an official enemy of Bitcoin. That's pretty cool when you think about it. If you're not already getting paid by 3/4 letter agencies let me know and I'll put in a good word for you.

Be warned though that you'll be kept out in the cold to an extent. You won't be invited to any golf games or garden parties because the Blockstream guys get the main perks.

[BitUsher]

BlindMayorBitcorn, I can't help but observe that flooding a thread with tripe-- as you appear to be doing-- when it isn't going your way is literally straight out of the GCHQ public communication subversion playbook.

I really ought to know what this is I'm a part of.

I'm not going to make assumptions about you but it is of interest the GCHQ just was given explicit permission to break the law where others would be jailed kidnapped and tortured for similar actions-

http://www.bbc.com/news/uk-politics-35558349


They have been given the legal power to subvert, exploit, hack, spread trojans and viruses, introduce backdoors security vulnerabilities, and invade peoples privacy without a warrant. This double standard is highly offensive and we all should consider the GCHQ our enemy.

[Cconvert2G36]

BlindMayorBitcorn, I can't help but observe that flooding a thread with tripe-- as you appear to be doing-- when it isn't going your way is literally straight out of the GCHQ public communication subversion playbook.

I really ought to know what this is I'm a part of.

Hey, congratulations. You're now an official enemy of Bitcoin. That's pretty cool when you think about it. If you're not already getting paid by 3/4 letter agencies let me know and I'll put in a good word for you.

Be warned though that you'll be kept out in the cold to an extent. You won't be invited to any golf games or garden parties because the Blockstream guys get the main perks.

On the subject of book talking... don't pretend we don't know about the opinion agent referral bonus schema. 

[Cconvert2G36]

BlindMayorBitcorn, I can't help but observe that flooding a thread with tripe-- as you appear to be doing-- when it isn't going your way is literally straight out of the GCHQ public communication subversion playbook.

I really ought to know what this is I'm a part of.

I'm not going to make assumptions about you but it is of interest the GCHQ just was given explicit permission to break the law where others would be jailed kidnapped and tortured for similar actions-

http://www.bbc.com/news/uk-politics-35558349


They have been given the legal power to subvert, exploit, hack, spread trojans and viruses, introduce backdoors security vulnerabilities, and invade peoples privacy without a warrant. This double standard is highly offensive and we all should consider the GCHQ our enemy.

Yeah, that's why it's so insulting to have your honest opinion paint you as a government agent.

[BlindMayorBitcorn]

BlindMayorBitcorn, I can't help but observe that flooding a thread with tripe-- as you appear to be doing-- when it isn't going your way is literally straight out of the GCHQ public communication subversion playbook.

I really ought to know what this is I'm a part of.

Hey, congratulations. You're now an official enemy of Bitcoin. That's pretty cool when you think about it. If you're not already getting paid by 3/4 letter agencies let me know and I'll put in a good word for you.

Be warned though that you'll be kept out in the cold to an extent. You won't be invited to any golf games or garden parties because the Blockstream guys get the main perks.

This must be how Edward Snowden feels.  





@BitUsher   I'm not even Catholic.

[Cconvert2G36]

You either are attempting to get it or you are not.


You are likely not to have any run ins with me, so long as you are at least attempting to provide fact based posts and attempts at logical opinions and conclusions.  

On the other hand, when you seem to be talking your book or coming to various illogical and provocative conclusions, then you are likely going to receive some haters..   hahahaha    

You think I would give a shit about any of this if I wasn't net long?

hahaha hate on buddy  

Would like nothing more than to solve this dispute and go back to juvenile market banter, remember those happy days?

     

I'm not hating on anyone, including you, Cconvert2G36.  

O.k., sometimes it may seem that I am hating a bit on BJA, but really, I believe that I am hating more on the substance of BJA's posts rather than on him.... .. but sometimes when he or others become so ridiculous and repetitive in their content, it sometimes will begin to seem more personal than I mean my response to be.


I try to be very open to any discussions of meaningful and/or trivial topics, so long as we are attempting to grapple with real, rather than made up facts... so long as we are attempting to apply actual rather than made up logic.

Sometimes there can be troubles, however, when we are grappling in our attempts to understand facts that are presented to us, which may sometimes lead us to employing bad logic based on emotion rather that real attempts at resolution(s).

Little too much grappling involved for my taste... but I think we could maybe do a fist bump or so. 

[nioc]

This sinister sounding abbreviation keeps popping up.

BlindMayorBitcorn, I can't help but observe that flooding a thread with tripe-- as you appear to be doing-- when it isn't going your way is literally straight out of the GCHQ public communication subversion playbook.

I really ought to know what this is I'm a part of.

Who we are
GCHQ is an intelligence and security organisation, working to keep Britain safe and secure in the challenging environment of modern communications.

Read more >>

[JayJuanGee]

You either are attempting to get it or you are not.


You are likely not to have any run ins with me, so long as you are at least attempting to provide fact based posts and attempts at logical opinions and conclusions.  

On the other hand, when you seem to be talking your book or coming to various illogical and provocative conclusions, then you are likely going to receive some haters..   hahahaha    

You think I would give a shit about any of this if I wasn't net long?

hahaha hate on buddy  

Would like nothing more than to solve this dispute and go back to juvenile market banter, remember those happy days?

     

I'm not hating on anyone, including you, Cconvert2G36.  

O.k., sometimes it may seem that I am hating a bit on BJA, but really, I believe that I am hating more on the substance of BJA's posts rather than on him.... .. but sometimes when he or others become so ridiculous and repetitive in their content, it sometimes will begin to seem more personal than I mean my response to be.


I try to be very open to any discussions of meaningful and/or trivial topics, so long as we are attempting to grapple with real, rather than made up facts... so long as we are attempting to apply actual rather than made up logic.

Sometimes there can be troubles, however, when we are grappling in our attempts to understand facts that are presented to us, which may sometimes lead us to employing bad logic based on emotion rather that real attempts at resolution(s).

Little too much grappling involved for my taste... but I think we could maybe do a fist bump or so. 

Yeah, grappling could be a bit stylistic, and surely, I understand that some readers may not appreciate or enjoy my style, and from time to time, style can be modified (maybe only so much?) based on feedback from others..... I have made a few change over the past couple of years.

Also, sometimes, there are posters that kind of annoy me in their posting style, but since bitcoin is very dynamic, sometimes, I will find myself agreeing with and even learning from some posters who have styles that are relatively alienating and/or irritating to me.

[gentlemand]

On the subject of book talking... don't pretend we don't know about the opinion agent referral bonus schema. 

Correct. I see nothing wrong with operating a pyramid scheme to dethrone another one.

I think your careful cultivation of a contrary position will prove to be a valuable addition to our program. Please wait by the Taylor Swift exhibit at Madame Tussaud's in New York between 0900 and 1700 tomorrow dancing to this - https://www.youtube.com/watch?v=dWRWYYt47RI

Your handler will make themselves known.

[BlindMayorBitcorn]

A nice warm flood of tripe doesn't even sound that bad, really.

Anybody got a copy of the playbook?

[marcus_of_augustus]

A nice warm flood of tripe doesn't even sound that bad, really.

Anybody got a copy of the playbook?

what you lost yours already? ... even the goons don't care about their jobs anymore.

[ChartBuddy]

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Explanation