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

[ImI]

So, to sum up.
Yesterday's news: We have consensus!
Today's news: We don't have consensus, we have another split!

Oh well. At least the miners are taking action. They'll be the ones to decide how this goes, whatever the devs say. Hard to argue with hashpower.

Wait what?
Please help me out guys.
What's the trouble now and where is the split happening?
Any infos,links are highly welcome.

seems like core is divided in itself, as long as we have no official announcement its all in limbo.

https://www.reddit.com/r/Bitcoin/comments/46t5vd/mark_friedenbach_opposes_the_hfconsensus_that_was/?ref=share&ref_source=link

[ImI]

So, to sum up.
Yesterday's news: We have consensus!
Today's news: We don't have consensus, we have another split!

Oh well. At least the miners are taking action. They'll be the ones to decide how this goes, whatever the devs say. Hard to argue with hashpower.

agree. miners will have to take responsibility, devs seem incapable of doing so.

[bargainbin]

So, to sum up.
Yesterday's news: We have consensus!
Today's news: We don't have consensus, we have another split!

Oh well. At least the miners are taking action. They'll be the ones to decide how this goes, whatever the devs say. Hard to argue with hashpower.

They could be hashing fuck all if the economic majority go a different route. There is always that scenario.

The Economic Majority^TM is a meaningless chunk of verbiage, created to let hodlers think that they have a say in the future of Bitcoin.
Which they absolutely don't.
Not unless they sell [the act of selling influences market], but, at that point, hard to call them hodlers -- just sodlers

P.S. Oy vey!  there it goes again! mah shekels!

[hdbuck]

Always the same scheme. Pump it till 430-450 and sell... Why can´t they simply let it grow?

Because the ones buying are the ones selling (market makes), hoping to end up with more fiat than they started with.

Besides that is healthy and expected, just recently we were testing ~370$ as a bottom. It is the human brain that does not easily deal with a (paper) loss, but easily forgets about the recent gains (always wanting more).

more like "buy the rumor sell the news" hype.

[hdbuck]

So, to sum up.
Yesterday's news: We have consensus!
Today's news: We don't have consensus, we have another split!

Oh well. At least the miners are taking action. They'll be the ones to decide how this goes, whatever the devs say. Hard to argue with hashpower.

agree. miners will have to take responsibility, devs seem incapable of doing so.

y'all clueless, if not useless.

so just focus in not eating your shorts by the end of the day, that would be great enough.

[BlindMayorBitcorn]

[Fatman3001]

So, to sum up.
Yesterday's news: We have consensus!
Today's news: We don't have consensus, we have another split!

Oh well. At least the miners are taking action. They'll be the ones to decide how this goes, whatever the devs say. Hard to argue with hashpower.

The code should be ready for July this year. It shouldn't take long to see if the miners are ok with what's being done.

[bargainbin]

y'all clueless, if not useless.

so just focus in not eating your shorts by the end of the day, that would be great enough.

Don't cry because it's over, smile because it happened

[ImI]

So, to sum up.
Yesterday's news: We have consensus!
Today's news: We don't have consensus, we have another split!

Oh well. At least the miners are taking action. They'll be the ones to decide how this goes, whatever the devs say. Hard to argue with hashpower.

agree. miners will have to take responsibility, devs seem incapable of doing so.

y'all clueless, if not useless.

so just focus in not eating your shorts by the end of the day, that would be great enough.

why dont you just leave and do some "Heil Hitler!" with your FN-friends? bitcoin is libertarian in the end, nothing a true fascist could go inline with.

[abercrombie]

is crypto done??  

[hdbuck]

So, to sum up.
Yesterday's news: We have consensus!
Today's news: We don't have consensus, we have another split!

Oh well. At least the miners are taking action. They'll be the ones to decide how this goes, whatever the devs say. Hard to argue with hashpower.

agree. miners will have to take responsibility, devs seem incapable of doing so.

y'all clueless, if not useless.

so just focus in not eating your shorts by the end of the day, that would be great enough.

why dont you just leave and do some "Heil Hitler!" with your FN-friends? bitcoin is libertarian in the end, nothing a true fascist could go inline with.

wtf is this hitler fantasy you accuse me of?
ever thought of consulting with a shrink for all the paranoid holocaust visions you seem to terrorize yourself with?

"bitcoin is libertarian" what the fuck ever this means to you.

Bitcoin is money, not some rainbow socialist democratic freeshit.

[Fatman3001]

So, to sum up.
Yesterday's news: We have consensus!
Today's news: We don't have consensus, we have another split!

Oh well. At least the miners are taking action. They'll be the ones to decide how this goes, whatever the devs say. Hard to argue with hashpower.

agree. miners will have to take responsibility, devs seem incapable of doing so.

y'all clueless, if not useless.

so just focus in not eating your shorts by the end of the day, that would be great enough.

why dont you just leave and do some "Heil Hitler!" with your FN-friends? bitcoin is libertarian in the end, nothing a true fascist could go inline with.

wtf is this hitler fantasy you accuse me of?
ever thought of consulting with a shrink for all the paranoid holocaust visions you seem to terrorize yourself with?

"bitcoin is libertarian" what the fuck ever this means to you.

Bitcoin is money, not some rainbow socialist democratic freeshit.

Funny, a closet nazi!

[hdbuck]

So, to sum up.
Yesterday's news: We have consensus!
Today's news: We don't have consensus, we have another split!

Oh well. At least the miners are taking action. They'll be the ones to decide how this goes, whatever the devs say. Hard to argue with hashpower.

agree. miners will have to take responsibility, devs seem incapable of doing so.

y'all clueless, if not useless.

so just focus in not eating your shorts by the end of the day, that would be great enough.

why dont you just leave and do some "Heil Hitler!" with your FN-friends? bitcoin is libertarian in the end, nothing a true fascist could go inline with.

wtf is this hitler fantasy you accuse me of?
ever thought of consulting with a shrink for all the paranoid holocaust visions you seem to terrorize yourself with?

"bitcoin is libertarian" what the fuck ever this means to you.

Bitcoin is money, not some rainbow socialist democratic freeshit.

Funny, a closet nazi!

It is tragic how the kids keeps on regurgitating something which is more than 70 years old and that they never even witnessed but seems to be paralyzed by.




like a feedback heiloop. ^^

[xxxxxzzzzz]

Always the same scheme. Pump it till 430-450 and sell... Why can´t they simply let it grow?

dude that's what i want to fuckin know. it's like these people who control this shit have what thousands of coins ? but they're desperate to dump right now right now right now me first no me first no matter what on any and every gain. you'd think that people with thousands of coins would be pleased to see increasing value and not want to slam it back down relentlessly , but no. ...

There ya go. The trick to making money in trading is repeatability -- being able to repeatedly buy lower and sell higher -- not buying an asset & putting a ring on it.

@tub-0-lard: by "document" i meant "a document useful in business."  But you're correct, free-fucking-form-poetry and atonal jazz are technically documents too

oh i know i'm not stupid , i trade as well just not nearly at that level of course. i just think i wouldn't take the same actions (again and again and again and again) i'd probably either just sell and walk with majority of stash and just be happy with that and enjoy my life and have a small cold storage or just enough to trade with to still have a job if i wanted it , or if i had so much that i could wreck havoc on the market i'd feel some sense of responsibility to the well being of others to not sell 1000s of coins in a minute all at once for the sake of making my already rich ass slightly richer , but then i'm not rich and as i understand it that can make people do funny things so who knows maybe i'd be doing the exact same thing if i were in their shoes.

You probably would, because ~blurs, comes back in focus as The Dude~ it's all, like, relative, man. When I was a kid, I remember thinking "if I just had a car & a place of my own to tinker with it, I'd be sooo happy." Now it's "But there are people racing and collecting shit like this " , and feel pathetic

Yeah I dunno I've never really understood that kind of greed. It's like you can only drive 1 car at a time right so I don't want a red, orange, yellow, and black lambo (though it would be nice to have 1). Actually come to think of it life is pretty fine for me I do own my house and my bmw and usually sit on my ass all day trading bitcoin in my pajamas and listening to music or just do whatever I feel like with my time. Hmmm maybe I'm rich enough already to be happy and ought to just give up this bitcoin thing ? naaaahhhhh    

[ImI]

lol! now friedenbach threatens with a change of PoW.

seems like some part of core is really decisive about being left behind by the community.

[Fatman3001]

lol! now friedenbach threatens with a change of PoW.

seems like some part of core is really decisive about being left behind by the community.

It's like a fucking kindergarten.

[Mota]

lol! now friedenbach threatens with a change of PoW.

seems like some part of core is really decisive about being left behind by the community.

Funny how some people think they can speak for a whole. I can only speak for myself - and if the consequence of mining becoming centralized is, that some miners are able to influence decisions which should ultimately belong to the community, then maybe a change of the PoW algorithm is not that bad. It may even lead to a more solid foundation for a globally connected financial institution.  

[BlindMayorBitcorn]

It's all politics. Greg wants CT to work with CoinJoin so we all have to wait for a HF. This is my impression.

"Like it or not, the demand for sound money is significantly more urgent than the need for perfect privacy. The cypherpunks don't like that, but they don't get to pick market demand - they can either satisfy it or refrain from satisfying it. If they refrain then they fail, again, as usual."


R3kT again

[ImI]

lol! now friedenbach threatens with a change of PoW.

seems like some part of core is really decisive about being left behind by the community.

Funny how some people think they can speak for a whole. I can only speak for myself - and if the consequence of mining becoming centralized is, that some miners are able to influence decisions which should ultimately belong to the community, then maybe a change of the PoW algorithm is not that bad. It may even lead to a more solid foundation for a globally connected financial institution.  

you see, you are partially right. if the miners would decide something completely insane and very hurting for Bitcoin overall and the community would be in strong stance against it, you would be absolutely right. the community should move on without them and not let some miners rule over the economy and community.

but in this particular issue its just the other way around! the community, the exchanges, the economy, some devs, some core devs AND the miners agree pretty much on a way forward. its just a small group of core-devs (even a minority INSIDE of core) that wants to force its will onto millions of others.

its ridiculous!

[AlexGR]

but in this particular issue its just the other way around! the community, the exchanges, the economy, some devs, some core devs AND the miners agree pretty much on a way forward. its just a small group of core-devs (even a minority INSIDE of core) that wants to force its will onto millions of others.

its ridiculous!

The vast majority are ok with the compromise. A few insist on classic HF or a 1MB4evah.

So if we have like

90 (segwit+hf later as long as there is a time schedule for it)
5 (only hf2mb)
5 (only segwit)

The "5"s, won't matter that much.