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

[billyjoeallen]

It baffles me that some people are still bearish.

Have you seen these guys? Core smallblockers are deranged. You can't reason with them. 

They refuse to throw us "gavinistas" even a bone.  That's there words, not mine.  They see ANY concession as a failure.  And some people thought we'd get consensus before dinner. Welcome to Gavin's World, where negotiating with brain-eating zombies is just another day at the office.

If someone is too stupid to see the leverage you have over them, your leverage is useless in a negotiation. You have to demonstrate it.  I'm frankly surprised that Core even showed up. 

Back to wall observing: is it buy the rumor sell the news or the reverse? I forget.

or in other words, should we be expecting a smallblocker dump or a bigblocker dump?

[adamstgBit]

It baffles me that some people are still bearish.

Have you seen these guys? Core smallblockers are deranged. You can't reason with them.  

They refuse to throw us "gavinistas" even a bone.  That's there words, not mine.  They see ANY concession as a failure.  And some people thought we'd get consensus before dinner. Welcome to Gavin's World, where negotiating with brain-eating zombies is just another day at the office.

If someone is too stupid to see the leverage you have over them, your leverage is useless in a negotiation. You have to demonstrate it.  I'm frankly surprised that Core even showed up.  

Back to wall observing: is it buy the rumor sell the news or the reverse? I forget.

or in other words, should we be expecting a smallblocker dump or a bigblocker dump?

i've been giving that some thought

the "news" in this case could be the follow through with the plan

so UP till july 2017

everyone ok with that?

[JimboToronto]

Good morning Bitcoinland.

Another day and another leg up. Seems like US$440 is the new line of scrimmage. It's nice to see it over CA$600.

Go Bitcoin.

[ChartBuddy]

Coin



Explanation

[blunderer]

Wow, Bitcoin up 5%? If we manage another 7%, we'll be doing as good as Monero
Congrats, everyone!

[hdbuck]

bitcoin github vizualizer: http://codeology.braintreepayments.com/bitcoin/bitcoin

[LFC_Bitcoin]

This will correct at some point but let's enjoy the ride. It'd be nice to stay above 430 USD.

[Oblodo]

I leave for a few weeks and log on again today.
Mr duck sauce please explain this. Dead cat bounce? You said BTC was dead.
Looks rather alive, even if the kids and tards are arguing the block sizes. Looks like BTC is here to stay.

Btw anyone know where Jorge S from South America is? I liked his style. Good to see this forum still have a life.

[billyjoeallen]

It baffles me that some people are still bearish.

Have you seen these guys? Core smallblockers are deranged. You can't reason with them.  

They refuse to throw us "gavinistas" even a bone.  That's there words, not mine.  They see ANY concession as a failure.  And some people thought we'd get consensus before dinner. Welcome to Gavin's World, where negotiating with brain-eating zombies is just another day at the office.

If someone is too stupid to see the leverage you have over them, your leverage is useless in a negotiation. You have to demonstrate it.  I'm frankly surprised that Core even showed up.  

Back to wall observing: is it buy the rumor sell the news or the reverse? I forget.

or in other words, should we be expecting a smallblocker dump or a bigblocker dump?

i've been giving that some thought

the "news" in this case could be the follow through with the plan

so UP till july 2017

everyone ok with that?

I would be ecstatic with that, but I don't think it will play out that way. We're dealing with a management team that rejects as a matter of principle ANY accountability to stakeholders. It's fucking Divine Right of Kings. Do you think parliament could have forced King John to sign the Magna Carta without an army at their backs?  Our miners are looking pretty uncomfortable and out of place in their battle armor.

[adamstgBit]

It baffles me that some people are still bearish.

Have you seen these guys? Core smallblockers are deranged. You can't reason with them. 

They refuse to throw us "gavinistas" even a bone.  That's there words, not mine.  They see ANY concession as a failure.  And some people thought we'd get consensus before dinner. Welcome to Gavin's World, where negotiating with brain-eating zombies is just another day at the office.

If someone is too stupid to see the leverage you have over them, your leverage is useless in a negotiation. You have to demonstrate it.  I'm frankly surprised that Core even showed up. 

Back to wall observing: is it buy the rumor sell the news or the reverse? I forget.

or in other words, should we be expecting a smallblocker dump or a bigblocker dump?

i've been giving that some thought

the "news" in this case could be the follow through with the plan

so UP till july 2017

everyone ok with that?

I would be ecstatic with that, but I don't think it will play out that way. We're dealing with a management team that rejects as a matter of principle ANY accountability to stakeholders. It's fucking Divine Right of Kings. Do you think parliament could have forced King John to sign the Magna Carta without an army at their backs?  Our miners are looking pretty uncomfortable and out of place in their battle armor.

you've lost your mind.

[ImI]

This will correct at some point but let's enjoy the ride. It'd be nice to stay above 530 USD.

fyp

[LFC_Bitcoin]

This will correct at some point but let's enjoy the ride. It'd be nice to stay above 530 USD.

fyp

Even better buddy. I'd gladly accept that

Good times could lie ahead now Core seem to have agreed things today

[Fatman3001]

If there is strong community support, the hard-fork activation will likely happen around July 2017.

~not tonight dear...

 

Blockstream is never to be underestimated. They literally didn't move an inch and everyone is circle jerking "the great compromise"... incredible. What a wet noodle the miners turned out to be... so much for that childish delusion I used to hold.

Watching fatty lose his principles for a $20 $19 relief rally was the hardest part. 

GG guys... GG

Although I am surprised to see anyone thought I had any principles, it does seem like the draft for the consensus is somewhat different from what I initially thought.

https://www.reddit.com/r/Bitcoin/comments/46qpua/bitcoin_roundtable_consensus_statement/

"This hard-fork is expected to include features which are currently being discussed within technical communities, including an increase in the maximum effective block size, to more than 2 MB and less than 4 MB, and will only be adopted with a broad support across the entire Bitcoin community."

I've partially accepted the fact that "big blockers" have lost this round and have been trying to figure out if there's any future for Bitcoin after the miners decided to go with Core. I was very encouraged by two things today:

1. Core will commit to a HF of at least 2MB and have the code ready for July. Even if the trigger is Feb 1 2017 it would mean that a lot of the uncertainty surrounding Bitcoins viability would be gone. 2MB with Segwit would allow Bitcoin to grow on the main chain. Not much, but maybe enough for it not to experience an economic collapse.

2. Miners were explicitly threatening to ditch Core if they didn't give them a bump in the block size limit within a given time frame. That is powerful. What little I've understood from this debate is that parts of core are manipulators and lying bastards and can't be trusted, so it would be nice if someone held a gun against their heads.

However, If the miners accept the wording quoted above then this agreement is a total loss. We've seen the phrase "maximum effective block size" before. It takes into account the theoretical increase from segwit and all the other witchcraft they've been talking about lately. Bitusher even started including LN blocks into the calculations in an earlier discussion in this thread. We might end up with less than 1MB maxBlockSize on the main chain by the looks of it.

In short, I'm as disappointed in me as you are.

[bankingbtc]

bitcoin is experiencing a huge pump right now i hope no one will dump it after the pump

[billyjoeallen]

Although I am surprised to see anyone thought I had any principles, it does seem like the draft for the consensus is somewhat different from what I initially thought.

https://www.reddit.com/r/Bitcoin/comments/46qpua/bitcoin_roundtable_consensus_statement/

"This hard-fork is expected to include features which are currently being discussed within technical communities, including an increase in the maximum effective block size, to more than 2 MB and less than 4 MB, and will only be adopted with a broad support across the entire Bitcoin community."

I've partially accepted the fact that "big blockers" have lost this round and have been trying to figure out if there's any future for Bitcoin after the miners decided to go with Core. I was very encouraged by two things today:

1. Core will commit to a HF of at least 2MB and have the code ready for July. Even if the trigger is Feb 1 2017 it would mean that a lot of the uncertainty surrounding Bitcoins viability would be gone. 2MB with Segwit would allow Bitcoin to grow on the main chain. Not much, but maybe enough for it not to experience an economic collapse.

2. Miners were explicitly threatening to ditch Core if they didn't give them a bump in the block size limit within a given time frame. That is powerful. What little I've understood from this debate is that parts of core are manipulators and lying bastards and can't be trusted, so it would be nice if someone held a gun against their heads.

However, If the miners accept the wording quoted above then this agreement is a total loss. We've seen the phrase "maximum effective block size" before. It takes into account the theoretical increase from segwit and all the other witchcraft they've been talking about lately. Bitusher even started including LN blocks into the calculations in an earlier discussion in this thread. We might end up with less than 1MB maxBlockSize on the main chain by the looks of it.

In short, I'm as disappointed in me as you are.

I called it.

We're dealing with a management team that rejects as a matter of principle ANY accountability to stakeholders. It's fucking Divine Right of Kings. Do you think parliament could have forced King John to sign the Magna Carta without an army at their backs?  Our miners are looking pretty uncomfortable and out of place in their battle armor.]

[S3052]

bitcoin prices at a cross road now...

[Fatman3001]

bitcoin prices at a cross road now...

It will go down

[becoin]

bitcoin is experiencing a huge pump right now i hope no one will dump it after the pump

Actually this is short covering. All big blocktards were caught off guard.

[adamstgBit]

i recommend calling granny and telling her what happened on this historic day






same dif.

[Fatman3001]

Although I am surprised to see anyone thought I had any principles, it does seem like the draft for the consensus is somewhat different from what I initially thought.

https://www.reddit.com/r/Bitcoin/comments/46qpua/bitcoin_roundtable_consensus_statement/

"This hard-fork is expected to include features which are currently being discussed within technical communities, including an increase in the maximum effective block size, to more than 2 MB and less than 4 MB, and will only be adopted with a broad support across the entire Bitcoin community."

I've partially accepted the fact that "big blockers" have lost this round and have been trying to figure out if there's any future for Bitcoin after the miners decided to go with Core. I was very encouraged by two things today:

1. Core will commit to a HF of at least 2MB and have the code ready for July. Even if the trigger is Feb 1 2017 it would mean that a lot of the uncertainty surrounding Bitcoins viability would be gone. 2MB with Segwit would allow Bitcoin to grow on the main chain. Not much, but maybe enough for it not to experience an economic collapse.

2. Miners were explicitly threatening to ditch Core if they didn't give them a bump in the block size limit within a given time frame. That is powerful. What little I've understood from this debate is that parts of core are manipulators and lying bastards and can't be trusted, so it would be nice if someone held a gun against their heads.

However, If the miners accept the wording quoted above then this agreement is a total loss. We've seen the phrase "maximum effective block size" before. It takes into account the theoretical increase from segwit and all the other witchcraft they've been talking about lately. Bitusher even started including LN blocks into the calculations in an earlier discussion in this thread. We might end up with less than 1MB maxBlockSize on the main chain by the looks of it.

In short, I'm as disappointed in me as you are.

I called it.

We're dealing with a management team that rejects as a matter of principle ANY accountability to stakeholders. It's fucking Divine Right of Kings. Do you think parliament could have forced King John to sign the Magna Carta without an army at their backs?  Our miners are looking pretty uncomfortable and out of place in their battle armor.]

Again.



Maybe there is something to this wisdom of the swamp people.

It just took the age of the internet for the rest of the world to understand what you're mumbling about.