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

[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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[adamstgBit]

425 - 415 range be like:

[adamstgBit]

[adamstgBit]

On vacation i saw this bear and had to take a pic, i thought you guys might get a lol.

[Cconvert2G36]

Honestly, I'd rather just be posting memes and gifs while celebrating the halving, confident about growth after having added some modest capacity...

WRT Blockstream... it wasn't until after Scaling HK, when gmax's email to the mailing list literally became the Core roadmap, with no hard fork increase in sight, that the pieces began clicking into place. Others had already described the whole thing as a charade and a stalling tactic, but I was actually hoping for some kind of unifying plan, I should and do feel silly for that now.

Soft fork segwit as a "scaling solution" bifurcates the capabilities of full nodes without their knowledge or permission, completely changes fee economics with favoritism to settlement transactions, and apparently is having mysterious chain forks on its testnet a month before deployment... while being sold as the safe and "ready" option. [Shrugs] The pieces certainly haven't stopped fitting yet.  

[ChartBuddy]

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[arklan]

Honestly, I'd rather just be posting memes and gifs while celebrating the halving, confident about growth after having added some modest capacity...

WRT Blockstream... it wasn't until after Scaling HK, when gmax's email to the mailing list literally became the Core roadmap, with no hard fork increase in sight, that the pieces began clicking into place. Others had already described the whole thing as a charade and a stalling tactic, but I was actually hoping for some kind of unifying plan, I should and do feel silly for that now.

Soft fork segwit as a "scaling solution" bifurcates the capabilities of full nodes without their knowledge or permission, completely changes fee economics with favoritism to settlement transactions, and apparently is having mysterious chain forks on its testnet a month before deployment... while being sold as the safe and "ready" option. [Shrugs] The pieces certainly haven't stopped fitting yet.  

well, they can't exactly force us to upgrade our clients. i'm very much a "wait a see" kind of guy. if the release of segwit comes and things go kaboom, there will still be a record of how things were before that. if it's really bad, it's technically possible to revert to the pre-forked version and carry on, i think.

of course, "technically possible" and "easy" or even "kinda doable" are vastly different things, and frankly i might be talking total bullshit anyway. i'm not totally clear on the whole "soft fork" thing.

[JayJuanGee]

I hate to see other coins succeed.

Ahahah xD

Well on a more serious manner, I hate useless shit succeeding. Eth is not a coin, it's not a currency and shouldn't be treated as one.

And let's be serious, if they wanted our sympathy, they shouldn't have spammed reddit like that...

I think it's us that needs their sympathy. Innit?

Sympathy?

Why would we need sympathy when we got bitcoins! BTC BTC

Because we hit our capacity limit. They got sharding or whatever so they can scale to the moon.

Not even close to hitting any kind of real limit.  I had several transactions on the blockchain in the past few days, and a few of them, I experimented and cut the standard fee in half (from .0001BTC to .00005BTC per kilobyte - that's $.02), and all of my transactions were confirmed (at least 3 confirmations) within a couple of hours.. and within minutes each of them showed up as "pending." 

If we get to the point of a week or longer with these kinds of low fees to confirm transactions, then let me know, and I will consider the matter.

Yeah, sure, we want some faster transactions and to keep fees low, but have a little patience ladies (ten paciencia mujeres) because Seg wit is right around the corner, and there are likely going to be a lot of innovations and inventions around the seg wit technologies (and contributions to the blockchain).

Well to be honest JJG, I remember not being shaken in the least by the Ripple shills. Because Ripple is shit. But this Ether madness has got me wondering. Are my fellow big blockers all moving on to greener pastures? IDK.

I just DK

Surely, ETH has a bit more credibility than Ripple, but really, you could not really believe what you just wrote....

Further, this Eth pump has only been about 6 weeks... o.k.... surely it 10x in 6 weeks, but still, you gotta step back a little bit... and surely, even if ETH does not crash back to below $2, Bitcoin still is going to retain considerable value.. in spite of some of the ongoing and ridiculously exaggerated in-fighting.

[Cconvert2G36]

Honestly, I'd rather just be posting memes and gifs while celebrating the halving, confident about growth after having added some modest capacity...

WRT Blockstream... it wasn't until after Scaling HK, when gmax's email to the mailing list literally became the Core roadmap, with no hard fork increase in sight, that the pieces began clicking into place. Others had already described the whole thing as a charade and a stalling tactic, but I was actually hoping for some kind of unifying plan, I should and do feel silly for that now.

Soft fork segwit as a "scaling solution" bifurcates the capabilities of full nodes without their knowledge or permission, completely changes fee economics with favoritism to settlement transactions, and apparently is having mysterious chain forks on its testnet a month before deployment... while being sold as the safe and "ready" option. [Shrugs] The pieces certainly haven't stopped fitting yet.  

well, they can't exactly force us to upgrade our clients. i'm very much a "wait a see" kind of guy. if the release of segwit comes and things go kaboom, there will still be a record of how things were before that. if it's really bad, it's technically possible to revert to the pre-forked version and carry on, i think.

of course, "technically possible" and "easy" or even "kinda doable" are vastly different things, and frankly i might be talking total bullshit anyway. i'm not totally clear on the whole "soft fork" thing.

Unless we plan on keeping the 1MB cap always and forever... any HF to increase it will "force" you to upgrade your client, as it will reject any blocks from miners over 1MB. Soft fork segwit doesn't require anyone to upgrade, but it means your formerly full node client will not be verifying segwit tx signatures, as they would now be in the witness portion of the block, which your client doesn't understand. It becomes a sort of half-node. In the case of segwit tx, it sees them, but can't verify the sigs itself. If you hadn't been paying attention, you might not even know it had happened. In the case of a HF, you know, it's unambiguous that it's time to upgrade.

Segwit itself is actually a pretty cool idea, it has the big positive of ridding us of tx malleability problems altogether. I'm not against a version of the idea at all. I argue against aspects of it, like the soft fork deployment, the fee discount for sig heavy settlement tx, and that it's a fairly complex change to the system possibly being rushed and inadequately tested. I worry that the additional capacity it could bring is being dangled like a carrot to get us to turn a blind eye to the economic favoritism it carries, and it could stall out a HF blocksize increase way out to mid or late next year.

[JayJuanGee]

What is a make believe profits? 

Make-believe profits; adjective - noun [plural]; Investor's shrewd investment is worth less now vs when he made the investment. A complete fucking lack of profits.

What's the status of your portfolio?

None of your business. 

Have you ever provided any details in your BTC history in order to attempt to engage in a meaningful dialogue rather than vague pussified indirect innuendos?

No, see above. Meaningful dialogue without pointless bloviation, sounds refreshing.
 

Your post pretty much proved my point that you are engaged in ongoing vague pussified indirect innuendos, which in essence is a whole hellava lot easier to pick apart various contributions of other posters in these here threads rather than to provide some kind of closely approximating meaningful content of your own.

 

[ChartBuddy]

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[PoolMinor]

425 - 415 range be like:

Betting your double bottom dollar on tomorrow?

[aminorex]

Why is btc volume so high today?
I hope that eth will get dumped soon so btc can test 500 lvls and maybe a test moonshot.

You seem to be under the mistaken impression that when funds flow into an altcoin, they flow out of bitcoin.  That's incorrect.  Overwhelmingly, altcoins are purchased and sold using bitcoin, with XMR a distant second.  Fiat does not even bump the needle.

fiat in -> {  bitcoin -> alt -> bitcoin } -> fiat out

Please notice that the fiat flows are all on the bitcoin interface.  It is these flows which determine the fiat/bitcoin pricing relationships.  If everyone on the planet were to suddenly decide they had to have financial privacy, and so wanted to buy 1000 EUR worth of Monero (about 1000 XMR), their first step would be to buy 1000 EUR worth of BTC.  No matter how many XMR they buy, zero or 1000, the impact on BTC/EUR is unchanged.  The impact on the price of XMR would be much, much larger, admittedly, but that would not mean that BTC did not benefit from the flow.  It merely benefits less than does the XMR of our example, and only because the portion of market cap involved is smaller.

In fact, if you want BTC/EUR to rise, it would make sense rationally to encourage punters to get into ETH  -- although not morally, as ETH is a valueless speculation with an inevitably ignominious end-game.  The more layers of inconvenience remove them from fiat, the less likely they are to cause an outflow on the BTC->fiat interface.  Speculators attracted by hype and froth are likely to be poor support for the BTC/EUR price anyhow -- much better for BTC if they play inside the playpen.  Let them punt on ETH or MAID.  Serious investors prefer serious investors as peers.  They participate in capital formation, business formation, productivity innovation, infrastructure support -- the things that build a material (even if virtual) economy.

Comparison and jealousy are sins.  Like all such sins (fear, greed, etc.), they hurt the sinner most of all.  A rational actor must be free from such sins.

[Fatman3001]

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.

[wut? that can't be right....I'm tired.]

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.

Repurposing the block size limit into a tool to shape the network, rather than just a defense against spam attacks, can reasonably be characterized as central planning. It's important to be aware of this so we don't unintentionally mess up the economics of Bitcoin. If more of the "free market" devs understood this problem I think the debate would be different.

[ChartBuddy]

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[Scream]

nice movement i think we can reach $450 today
look at the newsbtc predict, we will pullback