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

[JayJuanGee]

i have to reindex the entire blockchain today. a feature of bitcoin. re-index your bloatchain every few months... guess we see how long it takes. .. this should affect the price bigtime today. aztecminer has reload bloatchain causes bitcoin to crash to new lows.

See the bright side: If we had bigger blocks, you'd need more time

no one is using a full node for private bitcoin payments. either he seeks attention or he is retarded.

     


Mr. Aztec has both things going for him....

He is both seeking attention and retarded, yet once in a while entertaining.   

See more at  gimpyaztec.com   

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[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)

https://blockchain.info/charts/avg-block-size?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Good news, someone Bitmain Technologies Ltd. put up some nice graphs to monitor the fullness of blocks (not blockchain.info, but I hope you can give others a chance as well).

https://www.btc.com/en/stats/block-size

Of the past three months it shows

• the median daily blocksize
• the average daily blocksize
• the number of daily transactions
• the sum of daily blocksize

It also shows monthly graphs for all time as well. I think that once the median monthly blocksize hits 1 MB, it can be said that blocks are definitely full. For the first three months of this year it was around 933 kB, or 93%.

I know that the party line stipulates that many if not most of the transactions are spam and shouldn't be counted. But that's a different topic.

Thank you for providing more information about possible sources to support some of the arguments that you had been making (regarding blocksizes being full).

Some of the data on that site make little sense to me, however.  I don't really understand how they are calculating average blocksize as compared with median blocksize, and why there would be a difference between those two concepts (except through their definition of such).

I believe that some of our valid criticism of blockchain.info has been that blockchain.info does not seem to be allowing for more granular analysis of blocksize, transaction fees and confirmation times, and so far, I cannot recognize that the various graphs of your provided site having more granular analysis.

Actually, if there were a way to break down into 4, 6 or 12 hour intervals would cause some additional ability to analyze whether there are periods in which transactions are taking longer to go through...   Possibly, at some point, these kind of time issues will no longer be issues, because at this point, I personally can understand that sometimes it may take an hour to confirm paid transactions and it could take half a day to confirm low or no fee transactions... 
 

[Meuh6879]

With the halving nearing & SegWit soon to be rolled out something has got to give soon?

It's gonna be brutal...

next 24 hours are critical!

I want a Chou Chou !

[Gyrsur]

With the halving nearing & SegWit soon to be rolled out something has got to give soon?

It's gonna be brutal...

next 24 hours are critical!

I want a Chou Chou !

please no double TOP please! 

[ImI]

push baby push!

[Chef Ramsay]

Good morning Bitcoinland.

Still no Bitcoin price movement to track or discuss?

At least baseball is back. 

Super pumped about baseball starting tomorrow night when my Tigers are in Miami to start off the season. We should be in much better shape this season as long as Verlander, Cabrera and our Martinez dudes stay healthy. We also finally have a respectable closer.

Price seems like it's slowly building and the next few months should be decent and then some.

[Fatman3001]

[blablablablablabla]
Some of the data on that site make little sense to me, however.  I don't really understand how they are calculating average blocksize as compared with median blocksize, and why there would be a difference between those two concepts (except through their definition of such).
[blablablablablabla]

https://www.vocabulary.com/articles/chooseyourwords/mean-median-average/

[JayJuanGee]

[blablablablablabla]
Some of the data on that site make little sense to me, however.  I don't really understand how they are calculating average blocksize as compared with median blocksize, and why there would be a difference between those two concepts (except through their definition of such).
[blablablablablabla]

https://www.vocabulary.com/articles/chooseyourwords/mean-median-average/

Hahahahahaha


I will admit that I had a brain fart, and for a moment, I was considering mean and median as the same. 

So, O.k.  I will agree that reviewing information about the median could be helpful to various analysis regarding whether there are block full problems and transaction time problems that are resulting from block fullness, and blockchain.info charts are providing the mean for blocksize, but so far, seem to not be providing the median.  At least, I have not found it, so far.

[Ayle56]

[blablablablablabla]
Some of the data on that site make little sense to me, however.  I don't really understand how they are calculating average blocksize as compared with median blocksize, and why there would be a difference between those two concepts (except through their definition of such).
[blablablablablabla]

https://www.vocabulary.com/articles/chooseyourwords/mean-median-average/

Hahahahahaha


I will admit that I had a brain fart, and for a moment, I was considering mean and median as the same.  

So, O.k.  I will agree that reviewing information about the median could be helpful to various analysis regarding whether there are block full problems and transaction time problems that are resulting from block fullness, and blockchain.info charts are providing the mean for blocksize, but so far, seem to not be providing the median.  At least, I have not found it, so far.

There's lies, damn lies, and then there's statistics. Any statistician will tell you the average is an awful stone age measure, then start talking about mean, median, and standard deviation to decide whether the blocks are truly full or not. However if you can't get your transaction into a block for hours even with a good fee that's all you need to know.

[JayJuanGee]

[blablablablablabla]
Some of the data on that site make little sense to me, however.  I don't really understand how they are calculating average blocksize as compared with median blocksize, and why there would be a difference between those two concepts (except through their definition of such).
[blablablablablabla]

https://www.vocabulary.com/articles/chooseyourwords/mean-median-average/

Hahahahahaha


I will admit that I had a brain fart, and for a moment, I was considering mean and median as the same.  

So, O.k.  I will agree that reviewing information about the median could be helpful to various analysis regarding whether there are block full problems and transaction time problems that are resulting from block fullness, and blockchain.info charts are providing the mean for blocksize, but so far, seem to not be providing the median.  At least, I have not found it, so far.

There's lies, damn lies, and then there's statistics. Any statistician will tell you the average is an awful stone age measure, then start talking about mean, median, and standard deviation to decide whether the blocks are truly full or not. However if you can't get your transaction into a block for hours even with a good fee that's all you need to know.

There's nothing wrong with considering some anecdotal evidence (especially when considering personal experiences, and whether personal experiences are either representative, aberrational or something more mixed).  There have been a lot of strong claims coming, so accordingly, I believe that looking at various charts (especially if we are able to verify accuracy - or to have some trust in accuracy) can also give some ideas about the potential strengths/weaknesses of various claims.

[2015Bubble]

Bears gonne get TRAINED!
openbazaar pump 3..2..1....

[JayJuanGee]

....

[removed image of person getting run over by a train]

Bears gonne get TRAINED!
openbazaar pump 3..2..1....

That image is pretty morbid....


Since You edited out the image... I took it out, too..

[AliceGored]

I was reading some tweeters today... and it got me thinking.

https://twitter.com/adam3us/status/717023841529114625

As we can change the very way Bitcoin works (segwit) and more, via soft fork, including difficulty, with 4 chinese / 1 Georgian dudes' approval...

Is there a way we they can soft fork the price a little higher?

 

Just "brain-storming" here guys...

[bargainbin]

Bears gonne get TRAINED!
openbazaar pump 3..2..1....

Br !alone; !worried.



Dat volume...

[adamstgBit]

Bears gonne get TRAINED!
openbazaar pump 3..2..1....

hasn't that been out for a few weeks?

[--Encrypted--]

Bears gonne get TRAINED!
openbazaar pump 3..2..1....

hasn't that been out for a few weeks?

that was on testnet mode. now it's the real thing.
it's still a bit hard to browse around the listings though.

[adamstgBit]

Bears gonne get TRAINED!
openbazaar pump 3..2..1....

hasn't that been out for a few weeks?

that was on testnet mode. now it's the real thing.
it's still a bit hard to browse around the listings though.

i wanted to try it a few months back.
i'll get around to it at one point...

[edgar]

i have to reindex the entire blockchain today. a feature of bitcoin. re-index your bloatchain every few months... guess we see how long it takes. .. this should affect the price bigtime today. aztecminer has reload bloatchain causes bitcoin to crash to new lows.

See the bright side: If we had bigger blocks, you'd need more time

no one is using a full node for private bitcoin payments. either he seeks attention or he is retarded.

clearly both

and a shit writer

[marcus_of_augustus]

ready to rumble?

shit's gonna get real.

[uncaer9]

The Decentralized Marketplace OpenBazaar Now “Open for Business”
so i think this is good time for pump bitcoin..?

more infrastructure support bitcoin, im sure bitcoin can survive