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

[Cconvert2G36]

If SegWit is going to be shelved then we'd want a 4 MB hardfork ASAP, just imho.

Nah, if we just have to shelve segwit (which they won't, ever), 1.75MB oughtta cover it.

A can kick hard fork to buy time should be put at the maximum possible limit so we are not tediously going through all this derp molasses again next year.

I can agree with you there [feels weird], miners would soft limit below the hard limit anyway, like they did before we hit the 1MB ceiling. I'm for a fee market, just one determined by the producers, not the planners.

[ChartBuddy]

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Explanation

[marcus_of_augustus]

If SegWit is going to be shelved then we'd want a 4 MB hardfork ASAP, just imho.

Nah, if we just have to shelve segwit (which they won't, ever), 1.75MB oughtta cover it.

A can kick hard fork to buy time should be put at the maximum possible limit so we are not tediously going through all this derp molasses again next year.

I can agree with you there [feels weird], miners would soft limit below the hard limit anyway, like they did before we hit the 1MB ceiling. I'm for a fee market, just one determined by the producers, not the planners.

... you need to break your mind free of the Classic groupthink newspeak rhetoric, there are no "planners" just developers providing code that the nodes choose (or not) to run. Attempts at vilification through framing the debate and/or agenda via language (spin) is a sure sign that you are the subject of an attempt to manipulate your opinions and influence your previously independent thought processes.

[adamstgBit]

i'm back.

did i miss anything?

why would segwit be "shelved" ( postponed ? )

[adamstgBit]

if we get past 425, put on your moon boots and step into the intergalactic rocket ship

[adamstgBit]

 

https://blockchain.info/charts/transaction-fees-usd

https://blockchain.info/charts/n-transactions

[BlindMayorBitcorn]

i'm back.

did i miss anything?

why would segwit be "shelved" ( postponed ? )

Somebody called Code Shark broke it. Or something. Just get in the van.

[marcus_of_augustus]

https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
the transaction growth rates are exponential, looking at longer term we are definitely going parabolic, how long does a 4MB can kick really buy?

The doubling from 50k to 100k took ~1yr, the doubling from 100k to 200k took ~6months, the next doubling to 400k transactions will take ~3months (2MByte saturation), the doubling after that will take say 2 months conservatively 800k transactions (4Mbyte saturation) buying a total of 6 months only.

A 4MByte increase in blockchain growth rate, bandwidth, etc to buy 6 months to look for real scaling capacity solutions, is it worth it??

[adamstgBit]

https://blockchain.info/charts/n-transactions-excluding-popular?timespan=all&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=
the transaction growth rates are exponential, looking at longer term we are definitely going parabolic, how long does a 4MB can kick really buy?

The doubling from 50k to 100k took ~1yr, the doubling from 100k to 200k took ~6months, the next doubling to 400k transactions will take ~3months (2MByte saturation), the doubling after that will take say 2 months conservatively 800k transactions (4Mbyte saturation) buying a total of 6 months only.

A 4MByte increase in blockchain growth rate, bandwidth, etc to buy 6 months to look for real scaling capacity solutions, is it worth it??

is it avoidable?

at this rate, TX will NOT go exponential / parabolic.

we need 2-4-8 .... MB
we need segwit and other things
we need LN and side chains
we need more ideas.

and we need it yesterday, of course...

[adamstgBit]

if we get past 425, put on your moon boots and step into the intergalactic rocket ship

get your boots, we are inching closer to that magic number.

[ChartBuddy]

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Explanation

[PoolMinor]

if we get past 425, put on your moon boots and step into the intergalactic rocket ship

get your boots, we are inching closer to that magic number.

[ahpku]

... you need to break you mind free of the Classic groupthink newspeak rhetoric, there are no "planners" just developers providing code that the nodes choose (or not) to run. Attempts at vilification through framing the debate and/or agenda via language (spin) is a sure sign that you are the subject of an attempt to manipulate your opinions and influence your previously independent thought processes.

Fun fact: mad cow disease "causes a spongy degeneration of the brain," literally eats holes in your brain. Now, the thing that eats those holes isn't bacteria or even a virus. It's... now get this: a protein that, for some disgusting reason, folds all weird and wrong, like Ice 9 in Cat's Cradle.
A prion, they call it. Not even alive, so no killing it, either. "Resistant to ionizing radiation," can you imagine?

Now, reading what you've just posted there... How long have you been hanging out with mad cows and/or JayJuanGee? And try telling truth for once, the thing's got an asymptomatic "incubation period of months to years," and a bunch of other peculiarities, so I'll know if you're lying. Right away. So don't bother trying.

"I saw the worst minds of my generation destroyed by mad cow disease, starving hysterical naked" -brainyquote.com

[Cconvert2G36]

If SegWit is going to be shelved then we'd want a 4 MB hardfork ASAP, just imho.

Nah, if we just have to shelve segwit (which they won't, ever), 1.75MB oughtta cover it.

A can kick hard fork to buy time should be put at the maximum possible limit so we are not tediously going through all this derp molasses again next year.

I can agree with you there [feels weird], miners would soft limit below the hard limit anyway, like they did before we hit the 1MB ceiling. I'm for a fee market, just one determined by the producers, not the planners.

... you need to break your mind free of the Classic groupthink newspeak rhetoric, there are no "planners" just developers providing code that the nodes choose (or not) to run. Attempts at vilification through framing the debate and/or agenda via language (spin) is a sure sign that you are the subject of an attempt to manipulate your opinions and influence your previously independent thought processes.

You typed that with a straight face?

newspeak rhetoric: there are no "planners" just developers

nodes choose (or not) to run: while enduring/absorbing ddos and after being shown scary slides in 18hr meetings that include (not so) subtle threats

Attempts at vilification through framing the debate: The echochamber ruled with an iron fist by herr theymos. Sort by controversial. Talk of node options deemed altcoins and poster banned.

agenda via language (spin): Toomimcoin, Gavincoin R3KT [child-like glee], Hard Fork=Dangerous, Soft Fork=Safe Fork, No Contention, Always Consensus

attempt to manipulate your opinions and influence your previously independent thought processes: See above(!)

We [sometimes] disagree on an important issue... and that's ok. But please, your description of why I think the way I do, strains credulity. 

[marcus_of_augustus]

admit it .. .the whole "blockstream core planners" spiel/spin is lame.

you just choked up your groupthink vomit all over the place trying to justify using such lame language.

[Cconvert2G36]

admit it .. .the whole "blockstream core planners" spiel/spin is lame.

you just choked up your groupthink vomit all over the place trying to justify using such lame language.

[Politely nods.]

If you can't see a conflict of interest glaring you in the face ['cause you chat with the nice fellows in irc], and don't see that conflict manifesting in how this has all gone down over the last year... I really just can't help you, sorry.

[marcus_of_augustus]

admit it .. .the whole "blockstream core planners" spiel/spin is lame.

you just choked up your groupthink vomit all over the place trying to justify using such lame language.

[Politely nods.]

If you can't see a conflict of interest glaring you in the face ['cause you chat with the nice fellows in irc], and don't see that conflict manifesting in how this has all gone down over the last year... I really just can't help you, sorry.

'cause arguing on politics, governance, motivations, personalities and social science unquantifiables is riddled with subjective sloppiness ... so that is where the scoundrels and stirrers seek refuge when they run out of technical arguments that can win on merit.

yep, keep running that conflict of interest BS canard up the flagpole, that will definitely get bitcoin working better ... shall we have 8MByte worth of conflict of interest or do you think 20 MByte of conflict of interest  is better? ... hmm let me just a put a thumb up my arse and pull another BS innumerate non-argument out.

[ahpku]

... hmm let me just a put a thumb up my arse and pull another BS innumerate non-argument out.

You never asked for permission before... Progress

[ChartBuddy]

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Explanation

[adamstgBit]

425 - 415 range be like: