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

[Laosai]

Coin



Explanation

OMG it goes up so fast Oo

[1715008934]

1715008934

[1715008934]

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[1715008934]

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[bankingbtc]

Coin



Explanation

OMG it goes up so fast Oo

yeah my eyes popped out i have never seen such a rapid pace in the price increase, i knew it might be fast but 5 dollars per hour is just insane, the only question know how long it will grow and how stable it will be after the whole pump

[USB-S]

Thanks bitcoin for not letting me sleep. Again

[ssmc2]

One more small wave down to above 390 seems likely at this point

[arklan]

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






same dif.

i sweart to god, if anyone ever paints this, i'm going to hunt them down.

if we actually have consensus and a solution to the block size clusterfuck, all i can say is FINALLY.

[bankingbtc]

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


picture

picture

same dif.

i sweart to god, if anyone ever paints this, i'm going to hunt them down.

if we actually have consensus and a solution to the block size clusterfuck, all i can say is FINALLY.

theres no need to paint it right now as we have the possibility to take photos though it would be really cool, from my point of view today is one of the greatest days in the bitcoin history

[redsn0w]

Final Statement of the meeting

On February 21st, 2016, in Hong Kong’s Cyberport, representatives from the bitcoin industry and members of the development community have agreed on the following points:

• We understand that SegWit continues to be developed actively as a soft-fork and is likely to proceed towards release over the next two months, as originally scheduled.
  
• We will continue to work with the entire Bitcoin protocol development community to develop, in public, a safe hard-fork based on the improvements in SegWit. The Bitcoin Core contributors present at the Bitcoin Roundtable will have an implementation of such a hard-fork available as a recommendation to Bitcoin Core within three months after the release of SegWit.

.....

https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff

[Fatman3001]

https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff#.jq3kwmpb5

It's better than the draft, but July 2017 is a very long wait.

[Andre#]

I hope you've learned something here, besides what it feels like to be crushed by a 75,000 horsepower iCEBREAKER.

You'll always be a loser in my eyes.

Not only in yours...

[shmadz]

Anyone still remotely concerned about a hard fork has not sufficiently diversified the bags they are holding. IMO

Seriously, if you've been around long enough to recognize the hard fork as a threat, you should have had plenty of time to find a nice position on one of the many potential lifeboats available.

Best of luck, everyone! "As low as possible for as long as possible." - accumulation ain't done yet!

[bankingbtc]

https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff#.jq3kwmpb5

It's better than the draft, but July 2017 is a very long wait.

oh wow so the block increase will be only after a year? i thought it wont take that much time and thats why the price was increasing so fast, i guess i was a little bit wrong about it, still thats pretty good news for me

[gentlemand]

https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff#.jq3kwmpb5

It's better than the draft, but July 2017 is a very long wait.

Yup. That's fucking daffy but we'll see what pans out.

[sAt0sHiFanClub]

https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff#.jq3kwmpb5

It's better than the draft, but July 2017 is a very long wait.

Nothing concrete, just another delay. And a delay was all blockstream wanted.

"Bitcoin and its users can go fuck themselves" seems to be the only take away from this.

But  Blockstreams $76m is secure, so we can be thankful for that.

[adamstgBit]

Final Statement of the meeting

On February 21st, 2016, in Hong Kong’s Cyberport, representatives from the bitcoin industry and members of the development community have agreed on the following points:

• We understand that SegWit continues to be developed actively as a soft-fork and is likely to proceed towards release over the next two months, as originally scheduled.
  
• We will continue to work with the entire Bitcoin protocol development community to develop, in public, a safe hard-fork based on the improvements in SegWit. The Bitcoin Core contributors present at the Bitcoin Roundtable will have an implementation of such a hard-fork available as a recommendation to Bitcoin Core within three months after the release of SegWit.

.....

https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff#.exez94i1a

is the HF they are referring to a blocksize increase or a way of making segwit mandatory??

was this all for show?

[iCEBREAKER]

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.

You should accept the fact "big blockers" never had a chance.  Not this round, not the previous round, not the next round.

You aren't holding any cards, and Honey Badger has aces up his sleeve.

If that makes you cry, go write your whiny Bitcoin Obituary and ragequit like Hearn.

1.  Core has no authority to commit Honey Badger to anything.  You only pretend their happy talk about July '17 is a victory to protect your ego and avoid cognitive dissonance.  In your heart, you know it's a hollow hope.

2.  Honey Badger doesn't take well to explicit threats.  How could you not understand that by now?  Honey Badger will sooner tear your head off and take a nap in your chest cavity than capitulate to or compromise under duress.  If he did anything different, he wouldn't be Honey Badger.  

You persist in the wishful thinking wherein if you complain and FUD loudly enough Honey Badger will magically transform into a Compromise Weasel.  But that won't happen, unless he is not antifragile after all and we should all just go home because the experiment is over.

Bitcoin's proof of work is replaceable; it's Holy Blockchain is not.  Hyper-specialized, over-centralized sha256 ASIC miners need Bitcoin infinitely more than Bitcoin needs sha256 ASICs (which are becoming a liability as their centralization leads to some miners thinking they are the bosses of Bitcoin's Planning Committee).

[Fatman3001]

Final Statement of the meeting

On February 21st, 2016, in Hong Kong’s Cyberport, representatives from the bitcoin industry and members of the development community have agreed on the following points:

• We understand that SegWit continues to be developed actively as a soft-fork and is likely to proceed towards release over the next two months, as originally scheduled.
  
• We will continue to work with the entire Bitcoin protocol development community to develop, in public, a safe hard-fork based on the improvements in SegWit. The Bitcoin Core contributors present at the Bitcoin Roundtable will have an implementation of such a hard-fork available as a recommendation to Bitcoin Core within three months after the release of SegWit.

.....

https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff#.exez94i1a

is the HF they are referring to a blocksize increase or a way of making segwit mandatory??

was this all for show?

"including an increase in the non-witness data to be around 2 MB, with the total size no more than 4 MB,"

@Vanilla_Ice go play in traffic

[madmat]

Sell the news.

[adamstgBit]

Final Statement of the meeting

On February 21st, 2016, in Hong Kong’s Cyberport, representatives from the bitcoin industry and members of the development community have agreed on the following points:

• We understand that SegWit continues to be developed actively as a soft-fork and is likely to proceed towards release over the next two months, as originally scheduled.
  
• We will continue to work with the entire Bitcoin protocol development community to develop, in public, a safe hard-fork based on the improvements in SegWit. The Bitcoin Core contributors present at the Bitcoin Roundtable will have an implementation of such a hard-fork available as a recommendation to Bitcoin Core within three months after the release of SegWit.

.....

https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff#.exez94i1a

is the HF they are referring to a blocksize increase or a way of making segwit mandatory??

was this all for show?

"including an increase in the non-witness data to be around 2 MB, with the total size no more than 4 MB,"

still unclear, " non-witness data "  " total size no more than 4 MB" so 2MB for this segwit crap innovation, and +1MB to blocksize?? totaling 4MB??
why can't they just do this :



FFS!

[bankingbtc]

im kinda sad right now that they decided not to increase the size of blocks earlier, also everything is just nearly guessing once again, they did not reach anything new with this meeting

[bargainbin]

...
was this all for show?