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

[hdbuck]

Hey Peter! Still alive?

How's that BU going? How many nodes now? 10? 15?

Yes yes, you'll get your 2MB chain, but..... not tonight, dear

says who?

can some PLEASE FUCKING MAKE AN OFFICIAL STATEMENT

That's going to be hard since *wonderfully* nobody control bitcoin or can speak on its behalf...

So how about the statist - official statementers - control freaks give up already.

Bitcoin is ours!

[Peter R]

Bitcoin is ours!

Indeed. 

Bitcoin is defined by the code we choose to run. 

[ChartBuddy]

Coin



Explanation

[brg444]

Bitcoin is ours!

Indeed. 

Bitcoin is defined by the code we choose to run. 

Thing is, no one wants to run your shitty code.

[Ibian]

Can we not be small children?

[xslugx]

Bitcoin is ours!

Indeed. 

Bitcoin is defined by the code we choose to run. 

As a btc user, I never had the opportunity to chose which code I was going to use.

[BitUsher]

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...

Appreciate your passion , but you appear to be in an irrational emotional state. What do you have against payment channels, specifically?

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.

Many people , including Todd, believe that bitcoin is already too centralized. They want a conservative capacity increase to 1.7 to 2MB to buy more time for other improvements can be made so this trend reverses itself and a small or medium size miner could solo or p2p mine again. He is discussing the general centralization incentives.

Yes yes, you'll get your 2MB chain, but..... not tonight, dear

says who?
can some PLEASE FUCKING MAKE AN OFFICIAL STATEMENT

The Official statement is pretty clear. Core developers have already made a compromise before making other improvements , and are rolling out an effective 1.7-2MB capacity change with segwit in April.

[Lutzow]

Wondering if this will affect the price in a trend. The price somewhat came to a halt within last couple of hours though.

[marcus_of_augustus]

v0.12 bitcoin is being released ... watch and learn what real network uptake looks like.

[hdbuck]

Bitcoin is ours!

Indeed.  

Bitcoin is defined by the code we choose to run.  

As a btc user, I never had the opportunity to chose which code I was going to use.

Using "plug and play" spv or core wallets and trading on centralized exchanges does not make you a "bitcoin user" technically speaking.

[BitUsher]

v0.12 bitcoin is being released ... watch and learn what real network uptake looks like.

0.12 is awesome , I have been beta testing for a couple weeks now and have noticed up to +5x syncing with libsecp256k1, the new tools to reduce upload traffic to keep limited nodes from using too much bandwidth are great, mempool limit adjusting is good to keep raspberry pi nodes from crashing,  automated use of TOR, conf conflict detection ,  and more .

I haven't played around with pruned Full node features yet , and that is the next thing to test. 2GB ~full nodes is an amazing option for many people with limited disk space.

Last one I tested ...

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2016-February/012448.html

Candidate 5 ...

[Fatman3001]

Bitcoin is ours!

Indeed.  

Bitcoin is defined by the code we choose to run.  

As a btc user, I never had the opportunity to chose which code I was going to use.

Using "plug and play" spv or core wallets and trading on centralized exchanges does not make you a "bitcoin user" technically speaking.

Sounds like a loophole to me.

[xslugx]

Bitcoin is ours!

Indeed.  

Bitcoin is defined by the code we choose to run.  

As a btc user, I never had the opportunity to chose which code I was going to use.

Using "plug and play" spv or core wallets and trading on centralized exchanges does not make you a "bitcoin user" technically speaking.

So for you someone using electrum and saving his private keys is not a btc user?
What is a btc user then?

[ChartBuddy]

Coin



Explanation

[findftp]

Bitcoin is ours!

Indeed. 

Bitcoin is defined by the code we choose to run. 

As a btc user, I never had the opportunity to chose which code I was going to use.

Did you threw dice to construct the URL of your wallet software?

[Fatman3001]

v0.12 bitcoin is being released ... watch and learn what real network uptake looks like.

0.12 is awesome , I have been beta testing for a couple weeks now and have noticed up to +5x syncing with libsecp256k1, the new tools to reduce upload traffic to keep limited nodes from using too much bandwidth are great, mempool limit adjusting is good to keep raspberry pi nodes from crashing,  automated use of TOR, conf conflict detection ,  and more .

I haven't played around with pruned Full node features yet , and that is the next thing to test. 2GB ~full nodes is an amazing option for many people with limited disk space.

Last one I tested ...

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2016-February/012448.html

Candidate 5 ...

oh good

it works slightly better with a raspberry pi now

sure good that they've got their priorities right

....................................................................

Anyhew... how many of you will dump Bitcoin when the next speculative bubble bursts and we have to rely on adoption to make this turd float?

[XCASH]

Bitcoin is ours!

Indeed.  

Bitcoin is defined by the code we choose to run.  

As a btc user, I never had the opportunity to chose which code I was going to use.

Using "plug and play" spv or core wallets and trading on centralized exchanges does not make you a "bitcoin user" technically speaking.

So for you someone using electrum and saving his private keys is not a btc user?
What is a btc user then?

He appears to think of a Bitcoin user as a miner, someone who runs a full node, or at least runs some flavor of a core wallet. Do only "kids" run SPV wallets although you can do advanced things like multisig with them, and Satoshi invented the SPV wallet concept for Bitcoin users to use?

[Fatman3001]

Bitcoin is ours!

Indeed.  

Bitcoin is defined by the code we choose to run.  

As a btc user, I never had the opportunity to chose which code I was going to use.

Using "plug and play" spv or core wallets and trading on centralized exchanges does not make you a "bitcoin user" technically speaking.

So for you someone using electrum and saving his private keys is not a btc user?
What is a btc user then?

He appears to think of a Bitcoin user as a miner, someone who runs a full node, or at least runs some flavor of a core wallet. Do only "kids" run SPV wallets although you can do advanced things like multisig with them, and Satoshi invented the SPV wallet concept for Bitcoin users to use?

I think it's important to be aware of the fact that hdbuck is a fucking idiot.

[BitUsher]

People are no longer cashing out on Eth and Bitcoin still going up aggressively... general sentiment bullish.

https://www.youtube.com/watch?v=1EjpEqZt_AA&feature=youtu.be

Getting rid of physical cash ongoing ... to prepare for negative interest rates and more control of your assets.

Bills killed -
500 bill
1000 bill
5000 bill
10,000 bill

Next target to kill -

100 dollar bill ... all while the dollar keeps dropping in spending power due to inflation. If anything larger bills should be introduced.

For the last 14k years , anonymous currency has been the norm and an essential and important right for privacy and autonomy. They are trying to take this away and further enslave everyone.

[Fatman3001]

People are no longer cashing out on Eth and Bitcoin still going up aggressively... general sentiment bullish.

We're probably on our way for a royal whopping rally.

Too bad Bitcoin will have to remain a tool for speculators for the next couple of years. If we're lucky.