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

[sAt0sHiFanClub]

Hmm, couldn't all the pools just go with 2MB and tell the devs who think they control everything to stop trying to make themselves feel important?

Bitcoin is by design controlled by the consensus of the miners, not by centralised control.
It would seem that there are all sorts of parties trying to control bitcoin and I guess they all simply fail to understand the design.

Doesn't really matter how important devs think they are, if they want to be a relevant part of the blockchain decisions then they need to be miners.

...

BlockStream/Sidechains/SegWit all sounds a lot like trying pointlessly to control altcoins and make something like a partial SPV ... to me.

Moments of Lucidity are Lucid.

[Cconvert2G36]

Hmm, couldn't all the pools just go with 2MB and tell the devs who think they control everything to stop trying to make themselves feel important?

Bitcoin is by design controlled by the consensus of the miners, not by centralised control.
It would seem that there are all sorts of parties trying to control bitcoin and I guess they all simply fail to understand the design.

Doesn't really matter how important devs think they are, if they want to be a relevant part of the blockchain decisions then they need to be miners.

...

BlockStream/Sidechains/SegWit all sounds a lot like trying pointlessly to control altcoins and make something like a partial SPV ... to me.

Moments of Lucidity are Lucid.

kano's a legend

Dude was elbow deep looong before any of these 2013 bubble joiners read their first article. Before Adam Back realized his "hashcash extended with inflation control" might just be a thing.

As the discussion has been split, and moved, here's the link to his actual comment:
https://bitcointalk.org/index.php?topic=1377560.msg14005202#msg14005202

[ChartBuddy]

Coin



Explanation

[Elwar]

The fact that 90% of bitcoin holders bought bitcoins just to "get more fiat money" means that they all have a sell point and there will be very few huge run-ups.

But that's ok because it creates liquidity and stabilizes the price so bitcoin can actually be used as a currency.

[Hunyadi]

https://bitcointalk.org/index.php?topic=1377298.0 

[toknormal]

Looks to me like BTC lift-off around early to mid next week (if not before).

[DaRude]

...It's a slidebar situation, not a binary one. The more you push the slidebar higher, the more problems you create. And pushing it just to satisfy the need for spam is irrational.

Yes, why others can't see it is beyond me.   How much of centralization are you willing to sacrifice in order to support more dust transactions?  

[ChartBuddy]

Coin



Explanation

[ChartBuddy]

Coin



Explanation

[ChartBuddy]

Coin



Explanation

[bargainbin]

[billyjoeallen]

Blocks are full again. I think this will now probably happen any time the market tries to pump.

I don't see much upside but there's a lot of potential downside.

[ChartBuddy]

Coin



Explanation

[BlindMayorBitcorn]

...It's a slidebar situation, not a binary one. The more you push the slidebar higher, the more problems you create. And pushing it just to satisfy the need for spam is irrational.

Yes, why others can't see it is beyond me.   How much of centralization are you willing to sacrifice in order to support more dust transactions?  

Good question.

[Hunyadi]

https://www.youtube.com/watch?v=Z9DqVWZXhE8&feature=youtu.be&t=4m45s

  

[Laosai]

The fact that 90% of bitcoin holders bought bitcoins just to "get more fiat money" means that they all have a sell point and there will be very few huge run-ups.

But that's ok because it creates liquidity and stabilizes the price so bitcoin can actually be used as a currency.

Perfectly correct statement.

Most people are not really in btc itself. But it avoids huge buble inflation it stabilizes the price and the inflation of btc so it's a rather good thing.

[Fatman3001]

https://www.youtube.com/watch?v=Z9DqVWZXhE8&feature=youtu.be&t=4m45s

  

Wow!

Listening to normal people talk about Bitcoin is weird.

[Tzupy]

Blocks are full again. I think this will now probably happen any time the market tries to pump.

I don't see much upside but there's a lot of potential downside.

The bulls have a couple of days to break resistance at 450$. If they fail, there will be a lot of panicky downtrend.

[bargainbin]

...It's a slidebar situation, not a binary one. The more you push the slidebar higher, the more problems you create. And pushing it just to satisfy the need for spam is irrational.

Yes, why others can't see it is beyond me.   How much of centralization are you willing to sacrifice in order to support more dust transactions?  

Good question.

It's more of a silly question. Or, dare I say it? A frickin' stupid question. Because it presupposes that centralization will be altered in a meaningful way.
Let me use the "two wolves and one sheep deciding on dinner" analogy smalblockers have run into the ground:
Right now, it's not 2 wolves and a sheep, it's NINE wolves and a sheep.
You're the sheep.
The wolves are all friends, they hang together, already shook hands on having you for dinner.
Here, sheep:





Now tell me more about slidebars.

[BlindMayorBitcorn]

Lambie, you’re becoming a bully like iCEBREAKER