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

[BlindMayorBitcorn]

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?

Who cares what the frauds running the Vatican these days say? Evolutionism is still no more credible than it has ever been.

Guess who.

[MinermanNC]

Whatever happens it needs to happen before the split halving I would think.... so that is another time frame marker on the horizon now. More pressure on everything perhaps

[ChartBuddy]

Coin



Explanation

[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...

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?

do you even bitcoin??

You did the test and you saw it yourself. Others went even lower than your 0.01 and got in with 3 tenths of a cent (0.003$). Sure, it's not a high priority transaction, but for spamming purposes you need to pay the least amount possible.

i paid ~1 cent and it took like 12 hours.
3 cents took ~1hour

and fees have now doubled since.

[adamstgBit]

Whatever happens it needs to happen before the split I would think.... so that is another time frame marker on the horizon now. More pressure on everything perhaps

you mean the halving?

i agree this needs to be addressed b4 the halving, or miners we be forced out, and time in between blocks could be as long as 20mins on avg, and if we get unlucky before the difficulty is adjusted one of the blocks could take hours to mine....

but this isnt a problem

because who doesn't have time to wait for a BTC TX to get confirmed... that effects like no one, right...

[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?

do you even bitcoin??

You did the test and you saw it yourself. Others went even lower than your 0.01 and got in with 3 tenths of a cent (0.003$). Sure, it's not a high priority transaction, but for spamming purposes you need to pay the least amount possible.

i paid ~1 cent and it took like 12 hours.
3 cents took ~1hour

and fees have now doubled since.

"Oh no, the spammers must now pay 2 cents. They may go out business"

But for real, the situation is like this:



Source: https://bitcoinfees.21.co/



Source: https://tradeblock.com/bitcoin/

[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?

Who cares what the frauds running the Vatican these days say? Evolutionism is still no more credible than it has ever been.

Guess who.

"Who cares what the frauds running the Vatican these days say? Evolutionism is still no more credible than it has ever been.

By the way, the Sun really orbits the Earth, not vice-versa.

Oh, and neither topic is really overly relevant to religion, so it's somewhat silly to expect any religious organizations to comment on the whole either way."





You've got to be fucking kidding me!!!

We need unanimous consensus with this fucking idiot!?!?!?!?!?!?!?!?!?!

Geeeez!!! I can't believe I invested money in this shit!!! GOD DAMN!!!!

[adamstgBit]

lets try again

today i will pay 2 cents....

https://blockchain.info/address/15dSfgqNSAaiTPFtR7jEupen8QYudqdGc3

Estimated Confirmation Time   Within 6 Blocks

6 blocks = 1hour!

1 HOUR!

[gentlemand]

We need unanimous consensus with this fucking idiot!?!?!?!?!?!?!?!?!?!

Geeeez!!! I can't believe I invested money in this shit!!! GOD DAMN!!!!

He's never concealed who or what turns him. We've all got our wee idiosyncrasies.

[ahpku]

...
By the way, the Sun really orbits the Earth, not vice-versa.
...
Geeeez!!! I can't believe I invested money in this shit!!! GOD DAMN!!!!

Defensible idiocy, because
Geocentric Orrery.
Wind up; grab by the Earth to make geocentric.
It's all, like, relative, brah.

[molecular]

We need unanimous consensus with this fucking idiot!?!?!?!?!?!?!?!?!?!

Geeeez!!! I can't believe I invested money in this shit!!! GOD DAMN!!!!

you can be happy we were able to keep him from implementing the tonal system into the bitcoin client in the old days. Noon would've been able to use it because noone would've known how much mill-susanton-bong bitcoin are supposed to be.

[Fatman3001]

We need unanimous consensus with this fucking idiot!?!?!?!?!?!?!?!?!?!

Geeeez!!! I can't believe I invested money in this shit!!! GOD DAMN!!!!

He's never concealed who or what turns him. We've all got our wee idiosyncrasies.

Wee?

One of the two devs at the wheel of this shitshow has renounced science!

[MinermanNC]

lets try again

today i will pay 2 cents....

https://blockchain.info/address/15dSfgqNSAaiTPFtR7jEupen8QYudqdGc3

Estimated Confirmation Time   Within 6 Blocks

6 blocks = 1hour!

1 HOUR!

lol, still waiting for confirms 

[adamstgBit]

lets try again

today i will pay 2 cents....

https://blockchain.info/address/15dSfgqNSAaiTPFtR7jEupen8QYudqdGc3

Estimated Confirmation Time   Within 6 Blocks

6 blocks = 1hour!

1 HOUR!

lol, still waiting for confirms  

we'll check it again, in a few hours.

[AlexGR]

lets try again

today i will pay 2 cents....

https://blockchain.info/address/15dSfgqNSAaiTPFtR7jEupen8QYudqdGc3

Estimated Confirmation Time   Within 6 Blocks

6 blocks = 1hour!

1 HOUR!

Well.... with fees like:

Fees   0.000038 BTC (0.0015 USD)

...you can wait a bit.

[adamstgBit]

lets try again

today i will pay 2 cents....

https://blockchain.info/address/15dSfgqNSAaiTPFtR7jEupen8QYudqdGc3

Estimated Confirmation Time   Within 6 Blocks

6 blocks = 1hour!

1 HOUR!

Well.... with fees like:

Fees   0.000038 BTC (0.0015 USD)

...you can wait a bit.

blockchain.info says its 2cents

[adamstgBit]

ok it got confirmed

today is a good day to send bitcoins around!

[AlexGR]

lets try again

today i will pay 2 cents....

https://blockchain.info/address/15dSfgqNSAaiTPFtR7jEupen8QYudqdGc3

Estimated Confirmation Time   Within 6 Blocks

6 blocks = 1hour!

1 HOUR!

Well.... with fees like:

Fees   0.000038 BTC (0.0015 USD)

...you can wait a bit.

blockchain.info says its 2cents

Sorry I put an extra zero into it. It's 0.015 USD or one and a half cent. Or 0.0152 to be more precise (0.000038 x 400 = 0.0152).

Blockchain info is rounding it upwards.

In any case: Included In Blocks   401314 ( 2016-03-05 19:44:41 + 31 minutes )

2 blocks to get included for a 1.5 cent fee. This is the spammers dream.

ok it got confirmed

today is a good day to send bitcoins around!

Every day is a good day to send bitcoins, as long as you pay the fee appropriate for the speed you need.

[adamstgBit]

[ChartBuddy]

Coin



Explanation