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

[Laosai]

200,000 Gox coins incoming next. Everybody check yer bucket.



PS. I wonder if Jimbo made a claim for his lost 50? Jimbo?

What the fuck is this? Oo

[1715628812]

1715628812

[bakingbad]

200,000 Gox coins incoming next. Everybody check yer bucket.



PS. I wonder if Jimbo made a claim for his lost 50? Jimbo?

what are the coordinates of this on google maps??

also i hope no one will be dumping their coins as we need either stability now or more growth

[Fatman3001]

200,000 Gox coins incoming next. Everybody check yer bucket.



PS. I wonder if Jimbo made a claim for his lost 50? Jimbo?

What the fuck is this? Oo

Now you're being culturally insensitive. That's a canadian national pastime.

[hdbuck]

A hard fork scheduled a year ahead is fine, it is how satoshi told Gavin to do it but he didn't listen and tried to rush it (for his own nefarious means it seems).

So ;

- from April we get SegWit roll-out, effectively 1.7-2.5MB extension space in blocks
- from July 2017 we get a hard fork to clean up code and up to 4 MB effective extension space
- plus Schnorr multi-sig schemes saving signature space
- plus more payment channel development and integration (Lightning or similar)
- plus fraud proofs to make secure SPV node validation
- plus pruning and UTXO set short-form validation schemes
- plus network sharding, thin-block, IBLT, etc research
- plus probably some sidechains projects come on-line
- plus better off-chain transaction processor third-party auditing (looking at CoinBase, Circle, BitPay and exchanges to become more provably-backed)
- plus innovations noone has seen just yet (e.g. 21.co, random-coder-dude in garage working on THE shit)

Bitcoin doesn't scale?? Get real.

Do segwit as a hardfork as it should be done and I'm with you.

The change is uncontroversial, so we can safely hardfork, right? No need to keep old nodes unable to verify increasingly large chunks of transactions. These nodes should be forced to upgrade. I'd say 75%, 28 days is good. 1 Year is ridiculous. 95% also.

What kind of tyranny is it that you are promoting?

Noone should ever force anyone to do anything, 75% miners is nothing like a consensus, 28 day is a second for bitcoin's lifespan.

Any protocol change should never be done against all these very very stupid circumstances.

[bargainbin]

...
What kind of tyranny is it that you are promoting?

Noone should ever force anyone to do anything, 75% miners is nothing like a consensus, 28 day is a second for bitcoin's lifespan.

Any protocol change should never be done against all these very very stupid circumstances.

[iCEBREAKER]

please, core devs, move over and make some room besides you, we don't want much, we just want to be sure we can have a hardfork, even against you, if we really want to. Also a little more room on the blockchain to welcome more users until there are "real" scaling solutions would be nice)

You'll get "a little more room" with segwit.

No fucking way the Classic camel's nose will be allowed into Core's tent.

You know where you are more than welcome to put your thin wedge.   

"We really want to" is the worst reason for a hard fork imaginable.  Use fiat if you so love the moral hazards of majoritarianism's good intentions.

[JayJuanGee]

A hard fork scheduled a year ahead is fine, it is how satoshi told Gavin to do it but he didn't listen and tried to rush it (for his own nefarious means it seems).

So ;

- from April we get SegWit roll-out, effectively 1.7-2.5MB extension space in blocks
- from July 2017 we get a hard fork to clean up code and up to 4 MB effective extension space
- plus Schnorr multi-sig schemes saving signature space
- plus more payment channel development and integration (Lightning or similar)
- plus fraud proofs to make secure SPV node validation
- plus pruning and UTXO set short-form validation schemes
- plus network sharding, thin-block, IBLT, etc research
- plus probably some sidechains projects come on-line
- plus better off-chain transaction processor third-party auditing (looking at CoinBase, Circle, BitPay and exchanges to become more provably-backed)
- plus innovations noone has seen just yet (e.g. 21.co, random-coder-dude in garage working on THE shit)

Bitcoin doesn't scale?? Get real.

Do segwit as a hardfork as it should be done and I'm with you.

The change is uncontroversial, so we can safely hardfork, right? No need to keep old nodes unable to verify increasingly large chunks of transactions. These nodes should be forced to upgrade. I'd say 75%, 28 days is good. 1 Year is ridiculous. 95% also.

What kind of tyranny is it that you are promoting?

Noone should ever force anyone to do anything, 75% miners is nothing like a consensus, 28 day is a second for bitcoin's lifespan.

Any protocol change should never be done against all these very very stupid circumstances.

EXACTAmente!!!


You said it HDBuck!!


it's crazy good that these non-consensus mechanisms were not put into place.... they would have likely killed bitcoin as we know it, and any future potential for bitcoin to be a real tool of the people.  GO PEOPLE!!!!

[shmadz]

the price is standing right now i hope no one will start dumping as it would surely not be a good thing to do after such a big price rise

If you're afraid of a dump. Go short and buy back lower.

If you're afraid of a dump, you've been eating food that's too spicy.

[BlindMayorBitcorn]

please, core devs, move over and make some room besides you, we don't want much, we just want to be sure we can have a hardfork, even against you, if we really want to. Also a little more room on the blockchain to welcome more users until there are "real" scaling solutions would be nice)

You'll get "a little more room" with segwit.

No fucking way the Classic camel's nose will be allowed into Core's tent.

You know where you are more than welcome to put your thin wedge.   

"We really want to" is the worst reason for a hard fork imaginable.  Use fiat if you so love the moral hazards of majoritarianism's good intentions.

Don't forget the HF Core just agreed to. #1MB4EVANOTMUCHLONGER

[bargainbin]

... Use fiat if you so love the moral hazards of majoritarianism's good intentions.

Getback's gonna be so sweet... Zero moral ambiguity, 100% joy

[hdbuck]

Bitcoin is not a democracy, change must have near universal agreement
A democracy is two wolves and a lamb voting on what to have for lunch
We already have political currencies: USD, EUR, CNY

[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#.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!

We'll see what magic they pull out of their arses; or if miners go gangsta on them and make Matts hair turn....some other fucked up colour.

Few people decide the future of 'Bitcoin'.... really decentralized , right ?

[hdbuck]

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!

We'll see what magic they pull out of their arses; or if miners go gangsta on them and make Matts hair turn....some other fucked up colour.

Few people decide the future of 'Bitcoin'.... really decentralized , right ?

Isnt not what y'all been asking them to do?

What now? the even fewer classic scammers would be better?

Still their segwit thing is not forcing anyone to do anything since it is opt-in soft fork.

Everybody happy, but the few contentious hardforkers and their silly politics.

May they cry me a river..

[shmadz]

please, core devs, move over and make some room besides you, we don't want much, we just want to be sure we can have a hardfork, even against you, if we really want to. Also a little more room on the blockchain to welcome more users until there are "real" scaling solutions would be nice)

You'll get "a little more room" with segwit.

No fucking way the Classic camel's nose will be allowed into Core's tent.

You know where you are more than welcome to put your thin wedge.   

"We really want to" is the worst reason for a hard fork imaginable.  Use fiat if you so love the moral hazards of majoritarianism's good intentions.

Don't forget the HF Core just agreed to. #1MB4EVANOTMUCHLONGER

^ thinks core controls bitcoin^

Sorry dude, bitcoin is not some kind of popularity contest like the U.S. elections.

Unlike what Satoshi might have said, this is not "one cpu, one vote"

The blockchain exists, and it resists all attempts to change or co-opt it to fit your nefarious whims!

Good luck with your hard fork! I expect it will be greatly amusing!

[Laosai]

200,000 Gox coins incoming next. Everybody check yer bucket.



PS. I wonder if Jimbo made a claim for his lost 50? Jimbo?

What the fuck is this? Oo

Now you're being culturally insensitive. That's a canadian national pastime.

ahahah xD
Well I did the same when I was young but that's a bit surprising on a bitcointalk thread xD

[ChartBuddy]

Coin



Explanation

[BlindMayorBitcorn]

please, core devs, move over and make some room besides you, we don't want much, we just want to be sure we can have a hardfork, even against you, if we really want to. Also a little more room on the blockchain to welcome more users until there are "real" scaling solutions would be nice)

You'll get "a little more room" with segwit.

No fucking way the Classic camel's nose will be allowed into Core's tent.

You know where you are more than welcome to put your thin wedge.   

"We really want to" is the worst reason for a hard fork imaginable.  Use fiat if you so love the moral hazards of majoritarianism's good intentions.

Don't forget the HF Core just agreed to. #1MB4EVANOTMUCHLONGER

^ thinks core controls bitcoin^

Sorry dude, bitcoin is not some kind of popularity contest like the U.S. elections.

Unlike what Satoshi might have said, this is not "one cpu, one vote"

The blockchain exists, and it resists all attempts to change or co-opt it to fit your nefarious whims!

Good luck with your hard fork! I expect it will be greatly amusing!

Wut? Be kind rewind?

[blunderer]

...
Few people decide the future of 'Bitcoin'.... really decentralized , right ?

Unregulated currency money, created by & for people united by their unwavering faith in greed being a virtue?

What could possibly go wrong???

[shmadz]

...
Few people decide the future of 'Bitcoin'.... really decentralized , right ?

An unregulated currency money, created by & for people united by their unwavering faith in greed being a virtue?

What could possibly go wrong???

That's proof of stake, silly.

Proof of work is serious business, dontcha know?

[marcus_of_augustus]

new pump incoming ... the crassic storm of poutrage FUD is just feeding the fire now, driving the vortex from the other side.

Anti-fragile demonstrations have been the biggest drivers for bitcoin price appreciation thus far.

FUD harder lusers, it's working for us now