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

[adamstgBit]

i'm fairly certain this drop is pricing in Core/Blockstream 's hard headedness

I don't care what solution they agree on just get something done! hard fork whatever lol

lol true

well HOPEFULLY they can get segwit going in time

but if they either don't get it out in time or it does not effectively increase block size by much, these devs are toast!

Anyone bothered to look into that accidental HF it caused on the testnet?

... if they could code it perfectly first time around it would be done by now,
fact that they are testing it on testnet is encouraging.


honestly i hate there methods, and from the little bits i get to see and hear coming from Core, i am  100% with Coinbase

But I see little choice but to let them try and redeem themselves by smoothly rolling out segwit and then the 2MB HF later...

[Andre#]

Becoin,by how broad your definition of a free market appears to be, the USSR was a free market system.

He meant FEE market not FREE market. That is often confused. 

[MinermanNC]

i'm fairly certain this drop is pricing in Core/Blockstream 's hard headedness

I don't care what solution they agree on just get something done! hard fork whatever lol

lol true

well HOPEFULLY they can get segwit going in time

but if they either don't get it out in time or it does not effectively increase block size by much, these devs are toast!

Yes,

I prefer to see a soft fork none the less   mainly for the rest of the worlds sake" lol

[adamstgBit]

I wouldn't be surprised to see some shocking news about some core devs mysteriously  disappearing.

this has VERY often been the price to sticking to one's principles...

[BitconAssociation]

Going down, going down now
Going down, going down now
Mean old levee taught me to weep and moan
Mean old levee taught me to weep and moan
It's got what it takes to make a mountain man leave his home
Going down, going down now
Going down, going down now

[AlexGR]

I wouldn't be surprised to see some shocking news about some core devs mysteriously  disappearing.

this has VERY often been the price to sticking to one's principles...

Even if some core members don't want a blocksize larger than 1mb, the core development plan has a Segwit rollout in a couple of months, with an effective 1.7mb (or more - depending the use) capacity.

Right now we are at 0.74mb avg blocksize, so at ~1.7mb we are looking at something like 120% upgrade (or more for certain uses) - despite the fact that current fees are still ridiculously low.

And some are like "ohh something needs to get done"....

[Tzupy]

i'm fairly certain this drop is pricing in Core/Blockstream 's hard headedness

No Adam, it's China... The bid sum / ask sum on Huobi, arguably the lead exchange, took a nosedive, and price followed.

[MinermanNC]

I wouldn't be surprised to see some shocking news about some core devs mysteriously  disappearing.

this has VERY often been the price to sticking to one's principles...

Heaven forbid! lol that's all we need to see,,,, however I really hope that wont be the case... but you definitely have a point.

Yep it has to be China again,,, that's it 

[adamstgBit]

i'm fairly certain this drop is pricing in Core/Blockstream 's hard headedness

No Adam, it's China... The bid sum / ask sum on Huobi, arguably the lead exchange, took a nosedive, and price followed.

china leads fine, but they sold probably thinking " OMG the Core devs are fucking everything up " or somthing to that effect.

or

核心开发者都他妈的一切行动

[gentlemand]

Here's a fun aside from the fragrant Luke jr -

'Coinbase is under legal pressure to add KYC to Bitcoin itself, and they can only do that by seizing control of the protocol. They know they can't do that by making KYC the first issue, but they think they can use the block size as propaganda to pull it off.'

https://www.reddit.com/r/Bitcoin/comments/492tnm/if_according_to_core_roadmap_segwit_will_be/d0olhw0

[adamstgBit]

Here's a fun aside from the fragrant Luke jr -

'Coinbase is under legal pressure to add KYC to Bitcoin itself, and they can only do that by seizing control of the protocol. They know they can't do that by making KYC the first issue, but they think they can use the block size as propaganda to pull it off.'

https://www.reddit.com/r/Bitcoin/comments/492tnm/if_according_to_core_roadmap_segwit_will_be/d0olhw0

LOL Luke jr...

he's a core dev right?

WOW such BS...

[MinermanNC]

And some are like "ohh something needs to get done"....

Then roll it out   this crap has been plaguing BTC for a while now.... and nothing seems to stick in the minds of the powers to be  
 

 
  
 

[BitconAssociation]

I wouldn't be surprised to see some shocking news about some core devs mysteriously  disappearing.

this has VERY often been the price to sticking to one's principles...

Even if some core members don't want a blocksize larger than 1mb, the core development plan has a Segwit rollout in a couple of months, with an effective 1.7mb (or more - depending the use) capacity.

Right now we are at 0.74mb avg blocksize, so at ~1.7mb we are looking at something like 120% upgrade (or more for certain uses) - despite the fact that current fees are still ridiculously low.

And some are like "ohh something needs to get done"....

Protip: There are empty blocks mined. Some blocks are solved within minutes of the previous one. It is virtually impossible to get 100% full average. Just the way math works.

Also, look at the chart.

>And some are like "ohh something needs to get done"....
Still find it funny?

[adamstgBit]

if miners could somehow get together and bypass core devs to implement 2MB limit right NOW, price would rocket, we all know this...

at this point the biggest piece of FUD is that one group can veto changes the majority wants, and thats not supposed to be what bitcoin is all about..

bitcoin is all about the will of the majority dissolving the will of the minority.

we are not seeing this happening, so this leads me to believe bitcoins censuses mechanism is BROKEN! and so I sell.

[JimboToronto]

A late good morning Bitcoinland. Stayed out way too late last night and slept in by a couple of hours.

I see I might have missed a great buying opportunity by sleeping in. I'd better get going before the price goes back over $400 for good.

I didn't consider the dip from the $440 range to the $420 range be buyable. $400 certainly is.

_____

Gotta love how whenever we dip by 5% the FUDsters, anti-Bitcoin trolls and alt shills reach the frenzy point. Ooooh, it's the end of Bitcoin. Fullblocalypse is upon us. Sell everything. The sky is falling. Cluck cluck cluck.

LOL  

[bitebits]

After more than two years, I learned from this thread it temporarily can go up, down, sideways or diagonal. But inevitably it only goes into one direction permanently. So why bother short term?

[Fatman3001]

Here's a fun aside from the fragrant Luke jr -

'Coinbase is under legal pressure to add KYC to Bitcoin itself, and they can only do that by seizing control of the protocol. They know they can't do that by making KYC the first issue, but they think they can use the block size as propaganda to pull it off.'

https://www.reddit.com/r/Bitcoin/comments/492tnm/if_according_to_core_roadmap_segwit_will_be/d0olhw0

What was it Gavin said about young Skywalker? Poisonous what what?

[adamstgBit]

After more than two years, I learned from this thread it temporarily can go up, down, sideways or diagonal. But inevitably it only goes into one direction permanently. So why bother short term?

UP in the long term, is not a given

if Core releases segwit and it causes 100 hard forks by accident, this could very well lead to double digits  

[AlexGR]

I wouldn't be surprised to see some shocking news about some core devs mysteriously  disappearing.

this has VERY often been the price to sticking to one's principles...

Even if some core members don't want a blocksize larger than 1mb, the core development plan has a Segwit rollout in a couple of months, with an effective 1.7mb (or more - depending the use) capacity.

Right now we are at 0.74mb avg blocksize, so at ~1.7mb we are looking at something like 120% upgrade (or more for certain uses) - despite the fact that current fees are still ridiculously low.

And some are like "ohh something needs to get done"....

Protip: There are empty blocks mined. Some blocks are solved within minutes of the previous one. It is virtually impossible to get 100% full average. Just the way math works.

For 100% I'd agree. For 95-97% I wouldn't. 0.74 is by no means the max it can do - for *whatever reason*. If miners choose to mine empty blocks, that's not a protocol issue.

Also, look at the chart.

>And some are like "ohh something needs to get done"....
Still find it funny?

With a penny in fees? Why shouldn't I?

[ahpku]

Here's a fun aside from the fragrant Luke jr -

'Coinbase is under legal pressure to add KYC to Bitcoin itself, and they can only do that by seizing control of the protocol. They know they can't do that by making KYC the first issue, but they think they can use the block size as propaganda to pull it off.'

https://www.reddit.com/r/Bitcoin/comments/492tnm/if_according_to_core_roadmap_segwit_will_be/d0olhw0

What was it Gavin said about young Skywalker? Poisonous what what?

Am I the only one who constantly misreads KYC as KFC?
Because I hate KFC, disgusting.