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

[gentlemand]

You can probably just launch it on the ethereum network. Less hassle.

No way. All I've ever wanted in life was to create the dirtiest coin possible which also means it needs to be on a dirty network.

[Fatman3001]

You can probably just launch it on the ethereum network. Less hassle.

No way. All I've ever wanted in life was to create the dirtiest coin possible which also means it needs to be on a dirty network.

Just distribute the node software as malware on porn sites. It will be known as Wankchain.

Edit: When the keys on their laptops are glued into the pressed down position due to too much far flung jizz the nodes can be programmed to detect this and you can confirm txs based on this Proof of Wank method.

[ChartBuddy]

Coin



Explanation

[adamstgBit]

ha! all this FUD against ETH just shows me we are still elry in the game!

you'll see bitcoin will fall as ether rises from its asses

like a phoenix!!!!!!!!!!!

Adam:  If you really mean it, and you are not just bullshitting us in order to attempt to employ reverse psychology, then the Reverse Adam Indicator (RAI) has spoken!!!

Sell all the ETHs!!!!!!

AND

Buy all the BTCs!!!!


 

i am NOT bullshitting

I firmly believe ETH is the beginnings of Skynet

BUY ETH OR DIE!

[gentlemand]

Just distribute the node software as malware on porn sites. It will be known as Wankchain.

Edit: When the keys on their laptops are glued into the pressed down position due to too much far flung jizz the nodes can be programmed to detect this and you can confirm txs based on this Proof of Wank method.

Man, you've actually thought this through. I was just having dirty feelings. My people will be getting in touch with your people.

[Fatman3001]

Just distribute the node software as malware on porn sites. It will be known as Wankchain.

Edit: When the keys on their laptops are glued into the pressed down position due to too much far flung jizz the nodes can be programmed to detect this and you can confirm txs based on this Proof of Wank method.

Man, you've actually thought this through. I was just having dirty feelings. My people will be getting in touch with your people.

It's actually quite a bulletproof system. Most people are incapable of performing complex tasks after having busted a nut, so the risk of someone messing with the blocks is pretty much zero.

[BlindMayorBitcorn]

Just distribute the node software as malware on porn sites. It will be known as Wankchain.

Edit: When the keys on their laptops are glued into the pressed down position due to too much far flung jizz the nodes can be programmed to detect this and you can confirm txs based on this Proof of Wank method.

Man, you've actually thought this through. I was just having dirty feelings. My people will be getting in touch with your people.

It's actually quite a bulletproof system. Most people are incapable of performing complex tasks after having busted a nut, so the risk of someone messing with the blocks is pretty much zero.

Two years too late: https://bitcointalk.org/index.php?topic=663325.0

[Fatman3001]

Just distribute the node software as malware on porn sites. It will be known as Wankchain.

Edit: When the keys on their laptops are glued into the pressed down position due to too much far flung jizz the nodes can be programmed to detect this and you can confirm txs based on this Proof of Wank method.

Man, you've actually thought this through. I was just having dirty feelings. My people will be getting in touch with your people.

It's actually quite a bulletproof system. Most people are incapable of performing complex tasks after having busted a nut, so the risk of someone messing with the blocks is pretty much zero.

Two years too late: https://bitcointalk.org/index.php?topic=663325.0

Excuse me, sir! I believe the name of the token was WankRapeCoprophiliaEther.

[throws scarf over shoulder while turning away]

[ChartBuddy]

Coin



Explanation

[marcus_of_augustus]

up next the B2B adoption wave is incoming ... an average 10-25x increase in transaction size, these will be SME looking to do cheap international transfers ... few years after that will be the medium large corps, small financial firm, insurance, banks.

http://cointelegraph.com/news/b2b-bitcoin-payments-on-the-rise

bitcoin is like a fungus growing into all the gaps, cracks and niches that banking doesn't work well for ... only when it is everywhere and impossible to remove will it become obvious that it has taken over, like a creeping fungus

[adamstgBit]

up next the B2B adoption wave is incoming ... an average 10-25x increase in transaction size, these will be SME looking to do cheap international transfers ... few years after that will be the medium large corps, small financial firm, insurance, banks.

http://cointelegraph.com/news/b2b-bitcoin-payments-on-the-rise

bitcoin is like a fungus growing into all the gaps, cracks and niches that banking doesn't work well for ... only when it is everywhere and impossible to remove will it become obvious that it has taken over, like a creeping fungus

can't bitcoin be the Mr.Weed bottle that removes the fungus in the banks cracks?

[adamstgBit]

Coin



Explanation

the mem pool is 336MB big but the block isn't full, because bitcoin 

[aztecminer]

helping out again today in pms forum:


from yesterday posted in peter schiffs post:

bitcoin has become another manipulated joke. the blocks are 95-100% full. within a couple weeks the fees will go up because no one will be able to send bitcoins anywhere due to the blocks being full. and in the middle of that fiasco bitcoin pumped $200.00 during the Marshall’s Auction.. bitcoin was obviously manipulated by the US federal govy to maximize the profit of their bitcoin auction. now we are floating around $400.00 even though there is a major league flaw. you MIGHT maybe be able to make a short term fiat profit, or you might lose big due to the risk.

they want everyone out of pms and into bitcoin. that is partly the reason for the big pump to $400 that happened in November last year … if u are chasing bitcoin then u are not buying pms ….think on that for awhile before u decide bitcoin is a bonafide place to stash fiat currency . bitcoin is nothing more than a glorified manipulated fiat currency THAT IS CURRENTLY BROKEN.”


"to put in more simple terms.. bitcoin cannot scale higher than 7 transactions a second compared to visa 2000 transactions a second. bitcoin does not scale atm. they can’t come to consensus to fix it and it has almost been a year. #GimpedCoin"




u see some people keep believing bitcoin is another great place to put cash in case shtf.. and i keep having to open their eyes to the scheme . that what happens when ya decide you need make enemies better than friends..

[marcus_of_augustus]

^^ lies have a limited shelf life, truth keeps forever.

[becoin]

… if u are chasing bitcoin then u are not buying pms ….

Not true. Simple as that.

[jbreher]

To me, it seems that the status quo of bitcoin is the current 1mb limit on the blocksize,

It may seem that way to you. Another way of looking at it is that, until very recently, the max block size was no factor in the economics of bitcoin.

WTF?  I am only attempting to describe the status quo, and this should not be a controversy.  

I can spot you the assertion that you are describing the technical status quo. However, maintaining the technical status quo has necessitated a deviation from the economic status quo. My viewpoint is that the technical status quo (1MB max block size) pales in significance to the economic status quo (enough room in the block on average to accommodate all transactions the miners might be willing to include). We can argue about which of these are more significant. What is indisputable is that there is more than one aspect to declaring 'status quo'.

Nonetheless, the plan to implement seg wit seems to have reached consensus...

If The SegWit Omnibus Changeset had reached consensus, we would not be arguing over it, now would we?

I did not know that we were arguing about seg wit

Color me incredulous. The 'community' has been arguing over this since first proposed at 'SBHK'. You've been participating in these arguments. How can you not be aware of them?

[aztecminer]

… if u are chasing bitcoin then u are not buying pms ….

Not true. Simple as that.

money u spend on bitcoin is money not spent on pms.. simple as that .

[AlexGR]

...
from yesterday posted in peter schiffs post:

bitcoin has become another manipulated joke. the blocks are 95-100% full. within a couple weeks the fees will go up because no one will be able to send bitcoins anywhere due to the blocks being full.

Does this kind of FUD work there?

There is no such thing as "no one will be able to send bitcoins anywhere" if blocks are full. If blocks are full then that automatically means that you are already doing 250.000 txs per day.

… if u are chasing bitcoin then u are not buying pms ….

Not true. Simple as that.

money u spend on bitcoin is money not spent on pms.. simple as that .

Your primary worry should be ETFs and paper gold / paper silver.

[JayJuanGee]

To me, it seems that the status quo of bitcoin is the current 1mb limit on the blocksize,

It may seem that way to you. Another way of looking at it is that, until very recently, the max block size was no factor in the economics of bitcoin.

WTF?  I am only attempting to describe the status quo, and this should not be a controversy.  

I can spot you the assertion that you are describing the technical status quo. However, maintaining the technical status quo has necessitated a deviation from the economic status quo. My viewpoint is that the technical status quo (1MB max block size) pales in significance to the economic status quo (enough room in the block on average to accommodate all transactions the miners might be willing to include). We can argue about which of these are more significant. What is indisputable is that there is more than one aspect to declaring 'status quo'.

It appears that you are attempting to describe some kind of abstraction in order to obscure the real issue, and really what you say about an economic status quo or a technical status quo, does not change the result, and that is that consensus has not been achieved in order to  make a change from 1 mb to 2bg or a hard fork or changes in consensus.

Surely and admittedly failing and refusing to change can have negative impacts, but failure/refusal to act is not the same as acting.  Yes, you are getting into abstraction when you suggest that a failure to act is an act, but in the real world, the impact of a failure/refusal to act, is merely an argument to attempt to justify why acting is necessary rather than creating an obligation that action has to take place (which you seem to be attempting to assert).  To repeat, in this regard, you seem to be suggesting that there is some kind of obligation to act to make a change because of an arguable and likely real negative impact that resulted from failure/refusal to act, which is really not true, and you should know better.

Nonetheless, the plan to implement seg wit seems to have reached consensus...

If The SegWit Omnibus Changeset had reached consensus, we would not be arguing over it, now would we?

I did not know that we were arguing about seg wit

Color me incredulous. The 'community' has been arguing over this since first proposed at 'SBHK'. You've been participating in these arguments. How can you not be aware of them?

You can be as "incredulous" as you like.  It doesn't change the fact that it appears to me that seg wit is not so much in dispute, but rather the main arguments are regarding other changes that are failing to achieve consensus and those are 1) an immediate or nearly immediate increase in the actual block size limit from 1 mb to  2mb 2) change consensus procedures 3) create a future schedule of automatic blocksize limit increases and 4) there may be some others that are less in the spotlight but still causing various loud mouth whining and complaining.

I don't claim to know all the details about the exact parameters of implementing Seg wit besides what I had described that code has been written and it is being tested and there is a general consensus that seg wit should be implemented as soon as it sufficiently passes the testing, which at this time, is anticipated to be April or May.  Surely some people may be continuing to whine about seg wit blah blah blah.. but amongst the large majority of significant players  including the 5 core devs, large majority of miners and other influential people in the bitcoin space, seg wit is not being contended as being in dispute.  The only disputes really relate to the first of my above 3 points in that a number of minority whiners who are loud and obnoxious are continuing to whine about the other matters and even suggesting that they should come before seg wit.. blah blah blah..

If you are contending that seg wit is really and materially in dispute, then please provide some contemporary evidence of such, rather than just saying that it is in dispute because what you are saying to suggest that seg wit has not reached consensus in its current planning form makes little to no sense.

[becoin]

… if u are chasing bitcoin then u are not buying pms ….

Not true. Simple as that.

money u spend on bitcoin is money not spent on pms.. simple as that .

Money I spend on bread and butter are not spent on pms but that doesn't mean I'm not buying pms as well. Simple as that.