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

[noobtrader]

mods are going to delete this in About 20mins 

why 20 minute

hmmm........

[adamstgBit]

http://gavinandresen.ninja/satoshi-roundtable-thoughts

[adamstgBit]

http://gavinandresen.ninja/satoshi-roundtable-thoughts

oh no here comes another test of 400

There were a couple of key moments that I remember. At one point, everybody was asked if they supported the “Hong Kong compromise” from the week before (segregated witness in April, then code for a 2MB hard fork in July of 2016 with a minimum of a year before 2MB blocks are allowed).

“Everybody who support that, raise your hand” : a dozen or so people, most of whom were part of that Hong Kong meeting, raise their hands.

“Everybody who does not support that, raise your hand” : everybody else (forty? fifty people?) raises their hands.

There was a lot of talk about moving the July of 2017 date closer. In particular, a plan was presented that had a three month grace period after 95% of hashpower voted yes and 75% of coin-age-weighted-transaction-volume-in-some-time-period also indicated support.

well it seems very little poeple actually agree with the “Hong Kong compromise”, everyone has their own idea of exactly how it should all go down in history.

this is horrible news...

[JayJuanGee]

Bitcoin looking healthy again.

Yes, and blocks are still maxxed out.

The blocks are hardly maxed out ----- unless you are just making up shit in order to attempt to exaggerate some problem that is not even close to what the loud mouth FUDsters are attempting to portray.


Blocks floating around 65% at the moment... ... but they had  experienced some peaks approaching 90% in recent days (within the past week)

At the time of writing, these were the latest blocks.

401423: 0 MB
401422: 976.48 MB
401421: 974.79 MB
401420: 974.77 MB
401419: 906.65 MB
401418: 0 MB
401417: 974.64 MB
401416: 912.66 MB
401415: 976.45 MB
401414: 974.72 MB
401413: 965.86 MB
401412: 974.55 MB
401411: 974.74 MB

Looks pretty maxed out to me (with thousands tx waiting in tradeblock's mempool). I guess I must be making it up, then.

BTW, you also could have looked at ChartBuddy.

Explanation

Explanation

Explanation

ChartBuddy knows his shit -- I'm only making it up.

I've cited my sources as blockchain.info charts, and you cited your sources as chartbuddy?  If someone could explain why blockchain.info is lacking in credibility, then that may be helpful.  I really do not understand the significance of chartbuddy because I put through several transactions during supposed congested periods last week, and my experiences reflected those described in blockchain.info, which was relatively quick confirmations and finalization of transactions (in spite claims of fulblocalypse).

So, yeah, I don't think that these various claims of fullblocks really materialize into real world problems, and yes, I think that the blockchain is suffering from various spam/ddos attacks yet is still functioning pretty fucking well in spite of attempts to make it seem full and in spite of attempts to describe some kind of supposed tragedy in the alleged clogged up nature of the blockchain.

Those list of block sizes, I actually got them from blockchain.info as well. So I don't think that blockchain.info lacks credibility. I don't know about the average block sizes chart, though. The chart says the all time high was 876 B, which doesn't tell the whole story regarding block fullness if empty blocks and soft limited blocks are counted as well.

Of course, the "real world problems" of delayed transactions can be solved for a big part once all people are properly trained to guess the right fee, and wallets are updated to make as good a fee advise as possible. And sooner or later the use cases which require cheap transactions will be dropped. And all will be fine.

I just hope it doesn't come to that. I don't want Bitcoin's growth to stop. It seems we differ in that wish, and that's fine. Time will tell which crypto can deliver the desired volume, and how.

You are suggesting that we differ in a wish regarding whether bitcoin's growth stops or not.  I don't think so.  With that assertion you seem to be implying some untrue assertion that I am not interested in growth of bitcoin... which is pure bullshit to read that into anything that I am saying.


In essence, I provided you an actual link regarding the source within blockchain.info in which I was getting my information regarding both average block size and also regarding transaction times.  You did not provide me any link.  I was suggesting that both those chart links that I provided and also my real world experiences had demonstrated to me that there really does not seem to be an urgent problem concerning the blocks being full and the amount of time that it takes for a paid for transaction to go through (with the .0001BTC per kilobyte fee).


Accordingly, if there is some information that I am missing (on blockchain.info), then why can't you provide a link that shows that information regarding blocks being maxed out as you asserted??..   You could also, if you so choose, provide some kind of factual information that would support your assertion that this is some kind of major problem that cannot wait a little bit for the implementation of seg wit and the thereafter further considerations of possible block size limit increases that may follow within a year or so thereafter, if that seems necessary after seg wit.

Most technical people in bitcoin seem to agree that some kind of additional block size increase will still be necessary after the implementation of seg wit.. but there remains some uncertainties still regarding the extent to which an actual schedule of block size limit increases is going to be necessary after the implementation of seg wit. and what the timeline for that increase is going to be (or does it need to be pre-established rather than adaptive based on circumstances).  

[ChartBuddy]

Coin



Explanation

[Ethey]

Coin



Explanation

Nice grafix! You guys think this is another good time to buy some BTC and wait for another Price rising incoming?
Would be rgeat to hear about your minds

regards

[billyjoeallen]

http://gavinandresen.ninja/satoshi-roundtable-thoughts

oh no here comes another test of 400

There were a couple of key moments that I remember. At one point, everybody was asked if they supported the “Hong Kong compromise” from the week before (segregated witness in April, then code for a 2MB hard fork in July of 2016 with a minimum of a year before 2MB blocks are allowed).

“Everybody who support that, raise your hand” : a dozen or so people, most of whom were part of that Hong Kong meeting, raise their hands.

“Everybody who does not support that, raise your hand” : everybody else (forty? fifty people?) raises their hands.

There was a lot of talk about moving the July of 2017 date closer. In particular, a plan was presented that had a three month grace period after 95% of hashpower voted yes and 75% of coin-age-weighted-transaction-volume-in-some-time-period also indicated support.

well it seems very little poeple actually agree with the “Hong Kong compromise”, everyone has their own idea of exactly how it should all go down in history.

this is horrible news...

Of course we don't agree. I support the compromise only because it would force Core to change it's requirement of unanimous consent to any big change. Either that or they renege on the deal and can be jettisoned from any future serious discussions. The terms are absolutely crappy. SegWit should be a hard fork. 2 MB needs to happen by the halving. 

I would say a test of $300 would be more appropriate than merely $400, but this is Bitcoin, so who the hell knows? One million of the 8 million in recent leverged longs on BFX has closed already. That leaves only about another 17000 coins to be sold before overhead resistance is back to normal levels.

[adamstgBit]

https://bitcointalk.org/index.php?topic=1389955.msg14120454#msg14120454

hehehehehe

[adamstgBit]

http://gavinandresen.ninja/satoshi-roundtable-thoughts

oh no here comes another test of 400

There were a couple of key moments that I remember. At one point, everybody was asked if they supported the “Hong Kong compromise” from the week before (segregated witness in April, then code for a 2MB hard fork in July of 2016 with a minimum of a year before 2MB blocks are allowed).

“Everybody who support that, raise your hand” : a dozen or so people, most of whom were part of that Hong Kong meeting, raise their hands.

“Everybody who does not support that, raise your hand” : everybody else (forty? fifty people?) raises their hands.

There was a lot of talk about moving the July of 2017 date closer. In particular, a plan was presented that had a three month grace period after 95% of hashpower voted yes and 75% of coin-age-weighted-transaction-volume-in-some-time-period also indicated support.

well it seems very little poeple actually agree with the “Hong Kong compromise”, everyone has their own idea of exactly how it should all go down in history.

this is horrible news...

Of course we don't agree. I support the compromise only because it would force Core to change it's requirement of unanimous consent to any big change. Either that or they renege on the deal and can be jettisoned from any future serious discussions. The terms are absolutely crappy. SegWit should be a hard fork. 2 MB needs to happen by the halving. 

I would say a test of $300 would be more appropriate than merely $400, but this is Bitcoin, so who the hell knows? One million of the 8 million in recent leverged longs on BFX has closed already. That leaves only about another 17000 coins to be sold before overhead resistance is back to normal levels.

i agree with you 100% 2MB needs to happen sooner rather than later... but i'll put aside my preferences/beliefs and back anything that promises some increase block size in some way, and has a shot at gaining >75% hashing power.

it's good to know soon resistance will be back to normal levels. I do fear 350$ may need to be hit before this happens... oh well, we'll see, in end end i'm confident it will all work out somehow.

[MinermanNC]

https://bitcointalk.org/index.php?topic=1389955.msg14120454#msg14120454

hehehehehe

wow that's actually pretty good, especially the pleading parts lol 

at the end of the day its the miners that will decide,,, just "fork" it 

[adamstgBit]

https://bitcointalk.org/index.php?topic=1389955.msg14120454#msg14120454

hehehehehe

wow that's actually pretty good, especially the pleading parts lol 

at the end of the day its the miners that will decide,,, just "fork" it 

lol,  fuck ya buddy!

JUST FORK IT

[MinermanNC]

https://bitcointalk.org/index.php?topic=1389955.msg14120454#msg14120454

hehehehehe

wow that's actually pretty good, especially the pleading parts lol 

at the end of the day its the miners that will decide,,, just "fork" it 

lol,  fuck ya buddy!

JUST FORK IT

[ChartBuddy]

Coin



Explanation

[billyjoeallen]

https://bitcointalk.org/index.php?topic=1389955.msg14120454#msg14120454

hehehehehe

wow that's actually pretty good, especially the pleading parts lol 

at the end of the day its the miners that will decide,,, just "fork" it 

lol,  fuck ya buddy!

JUST FORK IT

Miners ain't gonna fork it because it would cause a crash. Miners are not in charge. The market is in charge.  WE have to crash it or miners won't do shit.  But nobody wants to do it because of FOMO. 

[marcus_of_augustus]

Miners ain't gonna fork it because it would cause a crash. Miners are not in charge. The market is in charge.  WE have to crash it or miners won't do shit.  But nobody wants to do it because of FOMO.  

"miner's are in charge!"   ".... the devs are in charge!" ....  ".... the market is in charge!" ... your bi-polar is getting to the point you might need some intervention if you won't seek help

[SilverSwan]

Now we wait, and wonder. Which evaporates first? The Bitcoiner's faith in a benevolent Blockstream, or their net worth.

Expensive lesson to learn the hard way: A monopoly cannot exist without barriers to entry, sacrifice your competitive advantage at your own peril.

It's just a question of time.

https://www.youtube.com/watch?v=9pt7EWFF_T8

[ChartBuddy]

Coin



Explanation

[ChartBuddy]

Coin



Explanation

[ChartBuddy]

Coin



Explanation

[Chef Ramsay]

mods are going to delete this in About 20mins 

i get the lambie bs "she gone" in less than 20 seconds at this point. Some try to echo her shit  but i end it always and forever.