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

[rebuilder]

i don't understand how Adam Back trying to distance himself away from Blockstream cheats F2Pool, or as any bearing on the consensus.

I can't speak for F2Pool, and don't even know if that announcement is genuine, but it's not so hard to think of why it might matter. For example, assume you're F2Pool and think the consensus agreement is a compromise you're not particularly keen on. You agree anyway since it's better to at least get something done and to mend some bridges between the confliciting sides. Then you find out that actually one of the sides doesn't endorse the consensus at all, so you're agreeing to a compromise you don't like for no good reason at all.

[billyjoeallen]

Has anyone seen ANY tweets or statements by Core bigshots in support of this miner agreement?

Well, a number of the actual signatures in that document are followed by the words "Bitcoin Core Contributor", FWIW.

I don't know if any of them qualify as "Core bigshots".


https://medium.com/@bitcoinroundtable/bitcoin-roundtable-consensus-266d475a61ff#.81twpud0t

Yeah, but who among them are trying to sell it to the rest of Core? It has to be nearly unanimous under current rules or it won't get adopted.

[ChartBuddy]

Coin



Explanation

[adamstgBit]

i don't understand how Adam Back trying to distance himself away from Blockstream cheats F2Pool, or as any bearing on the consensus.

I can't speak for F2Pool, and don't even know if that announcement is genuine, but it's not so hard to think of why it might matter. For example, assume you're F2Pool and think the consensus agreement is a compromise you're not particularly keen on. You agree anyway since it's better to at least get something done and to mend some bridges between the confliciting sides. Then you find out that actually one of the sides doesn't endorse the consensus at all, so you're agreeing to a compromise you don't like for no good reason at all.

impossible! the blue hair guy shook on it.

oh i see where they're coming from now...

[mainpmf]

i just send 1$ to 1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm with a 1cent fee

lets see what happens...

sending it now...

https://blockchain.info/address/1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm

if this dont work ill send it with a 5cent fee.

current block height 399867

Ahah!
A live blockchain test? ^^

[luigi1111]

Has anyone seen ANY tweets or statements by Core bigshots in support of this miner agreement?  I haven't seen any and I've been looking. I think it's strange because the agreement would doom Classic if ratified.

I suspect the whole damn thing was just another delaying tactic, something we should have come to expect by now from BS et al.

Then why hasn't Core publicly denounced the consensus?

EDIT: Peter Todd doesn't like it because he thinks SW ought to be a hard fork. I actually kind of agree with him on that.

Can you link relevant quotes?

[xslugx]

i just send 1$ to 1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm with a 1cent fee

lets see what happens...

sending it now...

https://blockchain.info/address/1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm

if this dont work ill send it with a 5cent fee.

current block height 399867

Damn, 1 cent fee is 1% it's far too much already!
I usually pay a 0.1% fee and it goes in the first blocks!

[adamstgBit]

Has anyone seen ANY tweets or statements by Core bigshots in support of this miner agreement?  I haven't seen any and I've been looking. I think it's strange because the agreement would doom Classic if ratified.

I suspect the whole damn thing was just another delaying tactic, something we should have come to expect by now from BS et al.

Then why hasn't Core publicly denounced the consensus?

EDIT: Peter Todd doesn't like it because he thinks SW ought to be a hard fork. I actually kind of agree with him on that.

Can you link relevant quotes?

https://www.reddit.com/r/btc/comments/43bgrs/peter_todd_sw_is_not_safe_as_a_softfork/

[billyjoeallen]

I'm curious how Adam's experiment went, if it's over, but even if he gets the transaction through, it may not mean much.

Let's say you are in a football stadium that's filling up with water.  The water height is doubling every three minutes. It is has taken six hours to reach one quarter full. How many more minutes until it is totally full and you drown?

six minutes.

This doesn't mean we'll get fullblockalypse in the next couple of months because network activity is positively correlated with BTC price.  What it means is that a higher price will boost network activity which will reach a limit not much higher than now, which will bog down the network, which will drop the price, which wil encourage new buyers, which will raise the price...rinse and repeat.

A transaction limit is effectively a price limit, or at least a price rate of growth limit.

in the mean time, in addition to having lost censorship resistance, it will become increasingly more difficult to remain anonymous because it will be harder/more expensive  to mix coins.

Is a Bitcoin without censorship resistance AND without anonymous transactions still Bitcoin?

[AlexGR]

i just send 1$ to 1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm with a 1cent fee

lets see what happens...

sending it now...

https://blockchain.info/address/1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm

if this dont work ill send it with a 5cent fee.

current block height 399867

Damn, 1 cent fee is 1% it's far too much already!
I usually pay a 0.1% fee and it goes in the first blocks!

Fees go per kilobytes used in the blockchain, not per amount sent. The blockchain doesn't care if you send 0.01 btc or 10 btc - only about how much space is used by the transaction.

[xslugx]

i just send 1$ to 1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm with a 1cent fee

lets see what happens...

sending it now...

https://blockchain.info/address/1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm

if this dont work ill send it with a 5cent fee.

current block height 399867

Damn, 1 cent fee is 1% it's far too much already!
I usually pay a 0.1% fee and it goes in the first blocks!

Fees go per kilobytes used in the blockchain, not per amount sent. The blockchain doesn't care if you send 0.01 btc or 10 btc - only about how much space is used by the transaction.

Well. Logical I suppose. But how do you know the size of your transaction?

[adamstgBit]

i just send 1$ to 1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm with a 1cent fee

lets see what happens...

sending it now...

https://blockchain.info/address/1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm

if this dont work ill send it with a 5cent fee.

current block height 399867

Damn, 1 cent fee is 1% it's far too much already!
I usually pay a 0.1% fee and it goes in the first blocks!

Fees go per kilobytes used in the blockchain, not per amount sent. The blockchain doesn't care if you send 0.01 btc or 10 btc - only about how much space is used by the transaction.

Well. Logical I suppose. But how do you know the size of your transaction?

side note, my TX is the min size ~256bytes

block height 399870

0 confirmations

[luigi1111]

Has anyone seen ANY tweets or statements by Core bigshots in support of this miner agreement?  I haven't seen any and I've been looking. I think it's strange because the agreement would doom Classic if ratified.

I suspect the whole damn thing was just another delaying tactic, something we should have come to expect by now from BS et al.

Then why hasn't Core publicly denounced the consensus?

EDIT: Peter Todd doesn't like it because he thinks SW ought to be a hard fork. I actually kind of agree with him on that.

Can you link relevant quotes?

https://www.reddit.com/r/btc/comments/43bgrs/peter_todd_sw_is_not_safe_as_a_softfork/

Oh, well I saw that long ago. I thought maybe there was something recent/since the Consensus letter thingy?

[adamstgBit]

Has anyone seen ANY tweets or statements by Core bigshots in support of this miner agreement?  I haven't seen any and I've been looking. I think it's strange because the agreement would doom Classic if ratified.

I suspect the whole damn thing was just another delaying tactic, something we should have come to expect by now from BS et al.

Then why hasn't Core publicly denounced the consensus?

EDIT: Peter Todd doesn't like it because he thinks SW ought to be a hard fork. I actually kind of agree with him on that.

Can you link relevant quotes?

https://www.reddit.com/r/btc/comments/43bgrs/peter_todd_sw_is_not_safe_as_a_softfork/

Oh, well I saw that long ago. I thought maybe there was something recent/since the Consensus letter thingy?

oh right this is almost a month old.
i guess they found a workaround his concerns.

[AlexGR]

i just send 1$ to 1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm with a 1cent fee

lets see what happens...

sending it now...

https://blockchain.info/address/1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm

if this dont work ill send it with a 5cent fee.

current block height 399867

Damn, 1 cent fee is 1% it's far too much already!
I usually pay a 0.1% fee and it goes in the first blocks!

Fees go per kilobytes used in the blockchain, not per amount sent. The blockchain doesn't care if you send 0.01 btc or 10 btc - only about how much space is used by the transaction.

Well. Logical I suppose. But how do you know the size of your transaction?

If it's not a collection of dust, or from multiple inputs, it should be near 0.25kb.

side note, my TX is the min size ~256bytes

block height 399870

0 confirmations

Side note: You sent it out while there was a 40m gap to the last block found (that's not related to "blocks are full", rather mining variance).

[blunderer]

i just send 1$ to 1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm with a 1cent fee

lets see what happens...

sending it now...

https://blockchain.info/address/1LBHYYEbd8eqrfi9PiSEkj35e9vM3iZEFm

if this dont work ill send it with a 5cent fee.

current block height 399867

Damn, 1 cent fee is 1% it's far too much already!
I usually pay a 0.1% fee and it goes in the first blocks!

Fees go per kilobytes used in the blockchain, not per amount sent. The blockchain doesn't care if you send 0.01 btc or 10 btc - only about how much space is used by the transaction.

I think we should focus on convincing people to consolidate their spending. I'll show you what I mean:
Now people buy coffee by the cup, every morning -- so legacy finance! Now with Bitcoin, we'll buy a gallon every Monday, and warm a little bit up when we need a cup.
See?
Just got to onboard with out-of-box thinking & disruptivize!

[billyjoeallen]

More BS:

" Thankfully we at Blockstream are given the freedom to speak and act as individuals on this matter. Even Adam is attending as an individual, his signature not carrying the weight of representing Blockstream in this instance.
I cautioned against going and was not in the room (I feel this meeting was antithetical to Bitcoin and no good outcomes were likely) so I only know second hand like you what was or was not said. But regarding the "consensus" document that was posted on medium, no I am not on board with that outcome."~ maaku7

https://www.reddit.com/r/Bitcoin/comments/46po4l/we_have_consensus_in_april_we_get_sw_3_months/d07gqic

[ChartBuddy]

Coin



Explanation

[adamstgBit]

More BS:

" Thankfully we at Blockstream are given the freedom to speak and act as individuals on this matter. Even Adam is attending as an individual, his signature not carrying the weight of representing Blockstream in this instance.
I cautioned against going and was not in the room (I feel this meeting was antithetical to Bitcoin and no good outcomes were likely) so I only know second hand like you what was or was not said. But regarding the "consensus" document that was posted on medium, no I am not on board with that outcome."~ maaku7

https://www.reddit.com/r/Bitcoin/comments/46po4l/we_have_consensus_in_april_we_get_sw_3_months/d07gqic

dose he want segwit or not?

WTF is wrong with these poeple.

[adamstgBit]

Coin



Explanation

3% left over why why is my TX not included



lol