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

[hdbuck]

yeay here we go for another year of ranting and whining from forkers not forking off.

[rebuilder]

So what would happen with an unlimited blocksize? Serious question - what would miners do? Would they include all tx, fee or not? Would they set a minimum fee? Would they choose a blocksize cap on their own?

[BlindMayorBitcorn]

-snip-

“My basic thesis was this: anyone who was dumb enough to think that they could make money reviewing television shows would pay $49 dollars for a training program,” said Hill. “And anyone who is that lazy will never complete the training program. So they’d just give up and I could sell a $2 dollar training program for $49.”

It worked: he made about $100,000 in three months. (At that point the crowd gave him an ovation... -snip-


http://betakit.com/montreal-angel-austin-hill-failed-spectacularly-before-later-success/

Canadians... and they wonder why the entire world hates them. 

Bomb Canada!

The CEO of Blockstream has a history of scam artisty and his employees are a bunch of petulant man-children. It's no wonder a cult of personality has grown around Gavin.

[ChartBuddy]

Coin



Explanation

[RoadStress]

core is provoking a contentious hardfork with their silly behaviour. even if you are convinced that 2MB is unnecessary you should do it because the civilwar is much more dangerous than a hardfork.

Why should core provide a 2MB block size? Because users are too lazy to read the fucking manual on how fees work and act accordingly? Why should Core put a burden on the network maintainers in order to please the dumb users who can't be disturbed to learn about the fees?

[Cconvert2G36]

So what would happen with an unlimited blocksize? Serious question - what would miners do? Would they include all tx, fee or not? Would they set a minimum fee? Would they choose a blocksize cap on their own?

Miners would blindly include all tx's.

Rasb Pi full node count would drop to 3.

Big Gubmint would turn off the 3 nodes.

Bitcoin ded.



See, you're just being kept safe by people more technically inclined than yourself.  

[Oh, seriously... the same thing that happened for the last 5 years, miners would use soft caps. If people don't trust miners to respond to economic incentives, yes, even tangential incentives... they shouldn't own any to begin with.]

[Andre#]

Quite an exodus going on. The silence here is kind of eerie.

[rebuilder]

Cconvert2G36: I actually meant it when I said it was a serious question. For example, what risk would there be in a small miner willing to make any size block, several gigabytes or more maybe?

[spiderbrain]

crazy how easy this whole mess could be solved, but core is not able to accept the HK-agreement

What mess? It is business as usual.
Core devs are doing great job improving bitcoin immunity against all kind of attacks.
Bitcoin is growing in a very healthy environment. Yes, it is the wild west but this is the way it should be.

core is provoking a contentious hardfork with their silly behaviour. even if you are convinced that 2MB is unnecessary you should do it because the civilwar is much more dangerous than a hardfork.

Indeed.

[spiderbrain]

crazy how easy this whole mess could be solved, but core is not able to accept the HK-agreement

What mess? It is business as usual.
Core devs are doing great job improving bitcoin immunity against all kind of attacks.
Bitcoin is growing in a very healthy environment. Yes, it is the wild west but this is the way it should be.

=D

[BlindMayorBitcorn]

Quite an exodus going on. The silence here is kind of eerie.

It's the sound of our hearts breaking.

[Cconvert2G36]

Cconvert2G36: I actually meant it when I said it was a serious question. For example, what risk would there be in a small miner willing to make any size block, several gigabytes or more maybe?

It would become stale as all the other miners don't even bother validating it and build a chain of smaller blocks instead.

To allay the fear, an anti DoS limit could be set just like today, but well above distorting the free market and miners production decisions.

[ChartBuddy]

Coin



Explanation

[Alley]

You guys act like this is the first time the price has dropped.

[DieJohnny]

Quite an exodus going on. The silence here is kind of eerie.

It's the sound of our hearts breaking.

Things are going exactly as planned.......

[2015Bubble]

Lol we dropped 5 dollers..
Every day above $380 is a great day.

[adamstgBit]

god damn why does price keep going the wrong way???

[tupelo]

god damn why does price keep going the wrong way???

because of Brian Armstrong and Coinbase

[ahpku]

Every day above $380 is a great day.

Lowered Expectations



~ time passes ~

[ImI]

god damn why does price keep going the wrong way???

because of Brian Armstrong and Coinbase

nah, dont think so. he says nothing new.

imo its the stalled HK-consensus. after 2 weeks we still have no confirmation of core that they are willing to HF in 2017.