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

[adamstgBit]

fascinating new interview with Peter Todd-

https://letstalkbitcoin.com/blog/post/the-bitcoin-game-34-bitcoin-core-dev-peter-todd

Everything is falling in line for extreme bullish outcome... only pessimism is a couple more months of uncertainty due to fork.... but that will pass once segwit starts rolling out. Everyone has 1.5-2 more months to buy at depressed prices...

Gold bugs that hated bitcoin are now coming around and advocating it -

http://financialsurvivalnetwork.com/2016/02/andrew-hoffman-current-financial-market-eye-of-the-hurricane/

Brian now backpeddling on classic?

https://twitter.com/brian_armstrong/status/700175287607164928

I think we'll get to the same outcome either way and I fully admit your way may be best. Hopefully nobody catches on to our good cop/bad cop

ok so i listen to the first few min of this, it pissed me off, then i turned it off and tried to go to bed... i can't sleep...

i want to slap this TODD guy in the face

i want him to apologize to everyone for lying, and FUDing in order to push his lighting network horse shit

and then i want him to resign from bitcoin


i never liked what he had to say but this is too much.

listening to the full thing now...

[sAt0sHiFanClub]

This Time Bitcoin's Price Increase is Both Logical and Sustainable

 

This time^tm

[brg444]

fascinating new interview with Peter Todd-

https://letstalkbitcoin.com/blog/post/the-bitcoin-game-34-bitcoin-core-dev-peter-todd

Everything is falling in line for extreme bullish outcome... only pessimism is a couple more months of uncertainty due to fork.... but that will pass once segwit starts rolling out. Everyone has 1.5-2 more months to buy at depressed prices...

Gold bugs that hated bitcoin are now coming around and advocating it -

http://financialsurvivalnetwork.com/2016/02/andrew-hoffman-current-financial-market-eye-of-the-hurricane/

Brian now backpeddling on classic?

https://twitter.com/brian_armstrong/status/700175287607164928

I think we'll get to the same outcome either way and I fully admit your way may be best. Hopefully nobody catches on to our good cop/bad cop

ok so i listen to the first few min of this, it pissed me off, then i turned it off and tried to go to bed... i can't sleep...

i want to slap this TODD guy in the face

i want him to apologize to everyone for lying, and FUDing in order to push his lighting network horse shit

and then i want him to resign from bitcoin


i never liked what he had to say but this is too much.

listening to the full thing now...

Fuck out of here, Peter Todd is the man.

[adamstgBit]

fascinating new interview with Peter Todd-

https://letstalkbitcoin.com/blog/post/the-bitcoin-game-34-bitcoin-core-dev-peter-todd

Everything is falling in line for extreme bullish outcome... only pessimism is a couple more months of uncertainty due to fork.... but that will pass once segwit starts rolling out. Everyone has 1.5-2 more months to buy at depressed prices...

Gold bugs that hated bitcoin are now coming around and advocating it -

http://financialsurvivalnetwork.com/2016/02/andrew-hoffman-current-financial-market-eye-of-the-hurricane/

Brian now backpeddling on classic?

https://twitter.com/brian_armstrong/status/700175287607164928

I think we'll get to the same outcome either way and I fully admit your way may be best. Hopefully nobody catches on to our good cop/bad cop

ok so i listen to the first few min of this, it pissed me off, then i turned it off and tried to go to bed... i can't sleep...

i want to slap this TODD guy in the face

i want him to apologize to everyone for lying, and FUDing in order to push his lighting network horse shit

and then i want him to resign from bitcoin


i never liked what he had to say but this is too much.

listening to the full thing now...

Fuck out of here, Peter Todd is the man.

says brg444  
i have a problem with when he implies that a small or medium size miner would get affected by 2mb block and move to pools
as if small or medium size minners solo mine.
i mean come on todd show me 1  small or medium size miner that doesn't already mine at a pool.
he then talks about how we shouldn't touch 1MB and use lighting, that really ticked me off.


other then that the rest of the interview was easier to digest

[brg444]

says brg444  
i have a problem with when he implies that a small or medium size miner would get affected by 2mb block and move to pools
as if small or medium size minners solo mine.
i mean come on todd show me 1  small or medium size miner that doesn't already mine at a pool.
he then talks about how we shouldn't touch 1MB and use lighting, that really ticked me off.


other then that the rest of the interview was easier to digest

Yeah, well clearly you don't understand how this stuff works so your opinion is as good as the hobo down the street's

[adamstgBit]

says brg444  
i have a problem with when he implies that a small or medium size miner would get affected by 2mb block and move to pools
as if small or medium size minners solo mine.
i mean come on todd show me 1  small or medium size miner that doesn't already mine at a pool.
he then talks about how we shouldn't touch 1MB and use lighting, that really ticked me off.


other then that the rest of the interview was easier to digest

Yeah, well clearly you don't understand how this stuff works so your opinion is as good as the hobo down the street's

ok prove it

show me 1  small or medium size miner that doesn't already mine at a pool.


he lied pure and simple

[brg444]

says brg444  
i have a problem with when he implies that a small or medium size miner would get affected by 2mb block and move to pools
as if small or medium size minners solo mine.
i mean come on todd show me 1  small or medium size miner that doesn't already mine at a pool.
he then talks about how we shouldn't touch 1MB and use lighting, that really ticked me off.


other then that the rest of the interview was easier to digest

Yeah, well clearly you don't understand how this stuff works so your opinion is as good as the hobo down the street's

ok prove it

show me 1  small or medium size miner that doesn't already mine at a pool.

he lied pure and simple

Let me repeat: you don't know how this stuff works.

Keep your eyes on the scoreboard, this stuff is way beyond you.

Look! Price is rising!

[adamstgBit]

says brg444  
i have a problem with when he implies that a small or medium size miner would get affected by 2mb block and move to pools
as if small or medium size minners solo mine.
i mean come on todd show me 1  small or medium size miner that doesn't already mine at a pool.
he then talks about how we shouldn't touch 1MB and use lighting, that really ticked me off.


other then that the rest of the interview was easier to digest

Yeah, well clearly you don't understand how this stuff works so your opinion is as good as the hobo down the street's

ok prove it

show me 1  small or medium size miner that doesn't already mine at a pool.

he lied pure and simple

Let me repeat: you don't know how this stuff works.

Keep your eyes on the scoreboard, this stuff is way beyond you.

Look! Price is rising!

oh look at that


buy buy BUY! @_@

[ChartBuddy]

Coin



Explanation

[adamstgBit]

says brg444  
i have a problem with when he implies that a small or medium size miner would get affected by 2mb block and move to pools
as if small or medium size minners solo mine.
i mean come on todd show me 1  small or medium size miner that doesn't already mine at a pool.
he then talks about how we shouldn't touch 1MB and use lighting, that really ticked me off.


other then that the rest of the interview was easier to digest

Yeah, well clearly you don't understand how this stuff works so your opinion is as good as the hobo down the street's

ok prove it

show me 1  small or medium size miner that doesn't already mine at a pool.

he lied pure and simple

Let me repeat: you don't know how this stuff works.

Keep your eyes on the scoreboard, this stuff is way beyond you.

Look! Price is rising!

poeple should note that brg444 is known to be a bought and paid for blockstream shithead.

[adamstgBit]

when he says "give companies time to transition" he means "give companies that rely on cheep transaction,time to close up shop, becuase lighting wont be ready for years"

it feels like he knows lighting won't be ready in time, so he needs to HOLD back any blocksize increase now because he knows once we start to bump it up and the system doesn't implode we'll just keep doing it, and lighting will be drastically less useful.

[Fatman3001]

says brg444  
i have a problem with when he implies that a small or medium size miner would get affected by 2mb block and move to pools
as if small or medium size minners solo mine.
i mean come on todd show me 1  small or medium size miner that doesn't already mine at a pool.
he then talks about how we shouldn't touch 1MB and use lighting, that really ticked me off.


other then that the rest of the interview was easier to digest

Yeah, well clearly you don't understand how this stuff works so your opinion is as good as the hobo down the street's

ok prove it

show me 1  small or medium size miner that doesn't already mine at a pool.

he lied pure and simple

Let me repeat: you don't know how this stuff works.

Keep your eyes on the scoreboard, this stuff is way beyond you.

Look! Price is rising!

poeple should note that brg444 is known to be a bought and paid for blockstream shithead.

And/or an asshole. I'd give him the benefit of doubt.

[brg444]

when he says "give companies time to transition" he means "give companies that rely on cheep transaction,time to close up shop, becuase lighting wont be ready for years"

it feels like he knows lighting won't be ready in time, so he needs to HOLD back any blocksize increase now because he knows once we start to bump it up and the system doesn't implode we'll just keep doing it, and lighting will be drastically less useful.

bwahaha

what an idiot you are  

did you spend all these years only looking at chart and not bothering to understand how the stuff works?

[Fatman3001]

when he says "give companies time to transition" he means "give companies that rely on cheep transaction,time to close up shop, becuase lighting wont be ready for years"

it feels like he knows lighting won't be ready in time, so he needs to HOLD back any blocksize increase now because he knows once we start to bump it up and the system doesn't implode we'll just keep doing it, and lighting will be drastically less useful.

I don't get it. You start bitching AFTER non-core has lost?

[Fatman3001]

when he says "give companies time to transition" he means "give companies that rely on cheep transaction,time to close up shop, becuase lighting wont be ready for years"

it feels like he knows lighting won't be ready in time, so he needs to HOLD back any blocksize increase now because he knows once we start to bump it up and the system doesn't implode we'll just keep doing it, and lighting will be drastically less useful.

bwahaha

what an idiot you are  

did you spend all these years only looking at chart and not bothering to understand how the stuff works?

Here's something for you: https://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect

Now, have a guess at to whom the shoe fits.

[oda.krell]

says brg444  
i have a problem with when he implies that a small or medium size miner would get affected by 2mb block and move to pools
as if small or medium size minners solo mine.
i mean come on todd show me 1  small or medium size miner that doesn't already mine at a pool.
he then talks about how we shouldn't touch 1MB and use lighting, that really ticked me off.


other then that the rest of the interview was easier to digest

Yeah, well clearly you don't understand how this stuff works so your opinion is as good as the hobo down the street's

Nah, agreeing with adam here. Technical qualifications of Todd notwithstanding (which he doesn't need to prove anymore), he comes across as pretty sleazy in that interview.

They're talking about blocksize increase, around 10 min in. I'm paraphrasing most of the below, can't find a transcript of that damn interview.

Interviewer
"So what's your thought on blocksize increase?"

Todd:
"Not a great idea. Should we hardfork whenever the network hits capacity limit? What's your long term plan? Let's accept there are scaling limits to the network. Also, segwit is rolling out very soon."

(So far, no objection, even though I don't agree with him on the "the network can't scale indefinitely" point. I believe he's wrong, but it's a coherent position to believe otherwise. But from here begins the sleazebaggery...)

Interviewer: "So, you think segwit is better than a blocksize increase in terms of scaling the network?"

Todd:
What he means: "Well, it is effectively a blocksize increase."
What he says: "Well, it is a blocksize increase"

Interviewer, clearly confused, and doesn't seem to know the landscape that well, otherwise he'd know the answer to his own question is 'no':
"Oh, okay, so it's both?"

Todd, hesitating for a split second:
"Yes"

Simply put, that's where he decided to go for transparent rhetorical tricks, rather than being honest and clear in choice of terminology. I get what he's trying to do ("Re-framing the context of the discussion: Why do we only think of blocksize increase as being tied to the 1MB constant?"), but as an engineer / scientist, that's just raw shit.

[yugo23]

Coin



Explanation

Who who who whaou!!!
We just broke the 420 like this like if nothing happened? Oo

[adamstgBit]

when he says "give companies time to transition" he means "give companies that rely on cheep transaction,time to close up shop, becuase lighting wont be ready for years"

it feels like he knows lighting won't be ready in time, so he needs to HOLD back any blocksize increase now because he knows once we start to bump it up and the system doesn't implode we'll just keep doing it, and lighting will be drastically less useful.

I don't get it. You start bitching AFTER non-core has lost?

i was bitching from day 1

but at one point i though core hinted that they would eventually bump up block limit, that + segwit , and i was sold.

i was hoping this interview would confrim that Eventually core is willing to rise block size

but he seems hell bend on finding ( or flat out making up ) problems with rising blocksize and saying that the trade off isn't worth it.

this kinda fucking pissed me off.

EVERYONE wants bigger blocks, except for these guys, and it's not because they are all knowing gods and know what's best for us. there are many poeple that understand the nitty gritty details who agree bigger blocks is safe.

Show me 1 person that isn't involved with blockstreem, saying 1mb is as far as bitcoin should ever go. the only reason core is still in power is due to first mover adv. IMO

[brg444]

EVERYONE wants bigger blocks, except for these guys, and it's not because they are all knowing gods and know what's best for us. there are many poeple that understand the nitty gritty details who agree bigger blocks is safe.

step out of your bubble for a minute kiddo.

maybe start by paying us a visit over at core slack?

[adamstgBit]

EVERYONE wants bigger blocks, except for these guys, and it's not because they are all knowing gods and know what's best for us. there are many poeple that understand the nitty gritty details who agree bigger blocks is safe.

step out of your bubble for a minute kiddo.

maybe start by paying us a visit over at core slack?

did you not see mining power vote the other month, votes for >1MB block in some form or another got to like 75%

how about that open letter with pretty much every big bitcoin biz saying " we want bigger blocks "

everyone wants to increase block size....


the fucking chinese we're ready to agree to 8MB blocks before todd went ape shit


not saying todd's reservation are completely unwarranted, i just hate that he seems unwilling to make any kind of compromise. and the you listen to this interview and he basically says " due to FUD i don't want to touch blocksize " , there FUD surrounding segwit's impl. but segwit he's willing to risk it for segwit because lighting!


the conflict of interest could not be more clear.