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

[billyjoeallen]

yeah the blocks being full was starting to become obvious and a problem.. they are full 24/7 now .

Obviously adoption is accelerating. How can this be a problem?

Is it easier to disrupt the road system at 3 a.m. or during rush hour? When we are running so close to capacity, we become more vulnerable to intentional and unintentional service disruptions.

Sure, you can say that these are not attacks and we should allow everyone to use Bitcoin as they see fit, but let's try a simpler example. If someone loots all the toilet paper from the public toilet, is that a bad thing? Is the solution to double the amount of toilet paper stocked each day?

Yeah, I read the Mow interview.  I know there are attacks. Some of the transactions are spam and some aren't. To use your (Mow's) analogy, the answer depends on if you see more benefit to the double toiletpaper costs than drawbacks.  Toilet paper and hard drive space is cheap.  How many customers are you willing to drive away to prevent free-riding parasitism? 

I'm not opposed to anti-spam measures, just this particular measure because it's too costly.  You want to cure a headache will a guillotine. It may work, but at what cost? 

[marcus_of_augustus]

A spam attack .... It's a stupid attack UNLESS ..... the attack ....

..... the spammer ...... increasing transaction capacity.  

We are sitting ducks.

Just leave already.

[billyjoeallen]

A spam attack .... It's a stupid attack UNLESS ..... the attack ....

..... the spammer ...... increasing transaction capacity.  

We are sitting ducks.

Just leave already.

Why don't you just charge a fee to post so us "spammers" will leave, Numbnuts?

[alyssa85]

I haven't made a bitcoin transaction in a while.  Just did one, expecting delays, with all the hype going on.  7 confirmations in 28 minutes.  Surprised? Ah, yep.

28min?!! i hope they kept your coffee hot while waiting for the payment to confirm!

LOL. This is the real problem with BTC. Ideally all the confirms should be done in five minutes, if that.

[marcus_of_augustus]

I haven't made a bitcoin transaction in a while.  Just did one, expecting delays, with all the hype going on.  7 confirmations in 28 minutes.  Surprised? Ah, yep.

28min?!! i hope they kept your coffee hot while waiting for the payment to confirm!

LOL. This is the real problem with BTC. Ideally all the confirms should be done in five minutes, if that.

no, the real problem at the moment is ignorant people who have no clue what they are talking about.

Expecting faster confirms is simply idiotic, the system does not work like that, never has done, never will. If you want faster transactions use a higher layer (or god forbid get off your complaining asses and build a better on).

[bargainbin]

...
Expecting faster confirms is simply idiotic, the system does not work like that, never has done, never will. If you want faster transactions use a higher layer (or god forbid get off your complaining asses and build a better on).

ya i no, rite?
To think the rubes actually thought this thing was gonna be a world currency lol. Hook, line and sinker!
BTCeanies would make for saner, moar frictionless commerce!

[marcus_of_augustus]

classic rubes are gonna dump for the last time, HODLERS will stay strong and pick up the cheap coinz then we are off to the races.

[aztecminer]

We are down more than 8% in the last three months, even though we're 3 months closer to the halving. We are down 64% from the All Time High 28 months later, even though we are 28 months closer to the halving.


The halving is known. It's priced in.  It's the only reason we aren't trading in the $200s right now.

all-time high was due to Mark Karpeles pumps, our current price is due to the marshals auction pump .. i do not believe in coincidences . i'm not convinced .. had we not had the scaling issue then i would believe bitcoin was worth $400+ ... however, scaling issue is so big that chartbuddy disappeared from the forum for posting full blocks. the halvening is really the scaling worsening . we should still be trading in the $200 range.. the marshal's pump really helped to confirm what i was thinking about bitcoin.. it also caused me to buy silver at its recent low. we only have 9 more months of obamaturds.

[aztecminer]

I haven't made a bitcoin transaction in a while.  Just did one, expecting delays, with all the hype going on.  7 confirmations in 28 minutes.  Surprised? Ah, yep.

28min?!! i hope they kept your coffee hot while waiting for the payment to confirm!

they had him wait in the "special" line for "special needs" peoples who need wait on bitcoin to confirm #GimpedCoin

[JayJuanGee]

...
Expecting faster confirms is simply idiotic, the system does not work like that, never has done, never will. If you want faster transactions use a higher layer (or god forbid get off your complaining asses and build a better on).

ya i no, rite?
To think the rubes actually thought this thing was gonna be a world currency lol. Hook, line and sinker!
BTCeanies would make for saner, moar frictionless commerce!

Change comes about incrementally.


We don't walk before crawling or run before walking.

At the moment, whether "this thing" becomes a world currency remains a considerable speculation that is not out of the question, but a whole hell-of-a long way into the future (if it were to happen) with a lot of likely stubbles along the way....


world currency is not out of the question, even though it is quite hyperbolic to consider it to be even within the realms of possibilities in less than 10 years after bitcoin's introduction.

Bitcoin remains in a very good position today... and probably even stronger after traversing through the XT/classic mumbo jumbo, which may also take a while to get through this controversy, since there continue to be a bunch of loud mouth's screaming that the sky is falling (when it's not)

 

[explorer]

I haven't made a bitcoin transaction in a while.  Just did one, expecting delays, with all the hype going on.  7 confirmations in 28 minutes.  Surprised? Ah, yep.

28min?!! i hope they kept your coffee hot while waiting for the payment to confirm!

they had him wait in the "special" line for "special needs" peoples who need wait on bitcoin to confirm #GimpedCoin

Yep. Free hot coffee, and a blowjob while you wait.  Won't let you take the rocket launchers home until at least 6 confirmations though, so had to wait almost 1/2 hour.  But with the excellent service, who cares?

[Meuh6879]

stop FUD ... not at a single bitcoin vendor wait the 1st confirmation.

why ?

because CHARGEBACK don't exist on Bitcoin network.
regulery CHARGEBACK on vendor is between 4 and 9% of the whole year payment ...

[2015Bubble]

Breaking out of the channel?

[BlindMayorBitcorn]

Is the fake node war over?

[nioc]

I haven't made a bitcoin transaction in a while.  Just did one, expecting delays, with all the hype going on.  7 confirmations in 28 minutes.  Surprised? Ah, yep.

The only delay to be concerned about is the first confirmation.  After that it is only about the variance of block times.

For 2 out of 20 transactions this year I have had to wait one or 2 extra blocks for the first confirmation.  The only real problem I had was because the company that paid me sent me a >8000 byte transaction, that is ~30 greater size than an avg transaction, while only using a 0.0001 fee.  That took a while but less than a day.  They are new to btc so who knows how they manage their wallet and it seems they use a one size fits all fee of 0.0001


As far as price, sideways till segwit.  It is an absolute must that you take this as trading advice

[Auxi]

Is the fake node war over?

Is real? where can i see it?

[bargainbin]

...
Expecting faster confirms is simply idiotic, the system does not work like that, never has done, never will. If you want faster transactions use a higher layer (or god forbid get off your complaining asses and build a better on).

ya i no, rite?
To think the rubes actually thought this thing was gonna be a world currency lol. Hook, line and sinker!
BTCeanies would make for saner, moar frictionless commerce!

Change comes about incrementally.


We don't walk before crawling or run before walking.
...

Still dreaming about walking lol?
Sorry ChildStar. You can forget about walking. Forget about growing up, too. Your best is now behind you.
The pitter-patter of [hobbled] little fetuses @3tps is as good as it gets. This is it.
Sorry.

Bitcoin's career climaxed when it was 5 yrs old, all downhill from here. So cry now or cry later, don't mater to me. But as a friend, I suggest you wait for The Big Garbage Day price spike, so you won't have to pay the junkman to haul away the sorry wreckage of your broken dreams

Illustration below depicts Bitcoin in its racing livery, zooming along @.3mph through the traps.

World domination next!

P.S. Sorry, that was the detail view. Full pic

[Meuh6879]

Job done.

[Auxi]

[img]http://imagizer.imageshack.us/a/img923/6725/Nm5Ijw.png[/ img]


[img width=500]http://imagizer.imageshack.us/a/img633/9270/crMjhc.gif[/ img] Job done.



[img]http://imagizer.imageshack.us/a/img923/4104/cTSu4b.png[/ img]

What are fake?

[conspirosphere.tk]

Breaking out of the channel?

https://media.giphy.com/media/3o85xoSCAZCXrUHjpu/giphy.gif

It was just a dollar hiccup (of nearing death, imho).
Gold and silver made 2%+ today and us 2 lousy bucks.