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

[brg444]

https://www.reddit.com/r/Bitcoin/comments/4fdaqe/supporters_of_2_mb_bitcoin_blocks_unable_to/

Classic #rekt

[hdbuck]

https://www.reddit.com/r/Bitcoin/comments/4fdaqe/supporters_of_2_mb_bitcoin_blocks_unable_to/

Classic #rekt

[Fatman3001]

You two are a bit slow aren't ya?

[JayJuanGee]

https://www.reddit.com/r/Bitcoin/comments/4fdaqe/supporters_of_2_mb_bitcoin_blocks_unable_to/

Classic #rekt

It seems that Bitcoin is going to be quite a bit stronger after this particular fight.

I recall several months ago, possibly in July or August 2015 when the various XT and Classic proponents were initially setting forth various blocksize limit increase proposals, that were really coups in disquise of some supposed necessary technical fix.

Some of us were likely caught off guard by the initial proposals because on their face they seemed "reasonable."

In some sense, we are lucky that many of the pushers of this XT/Classic agenda were not crafty enough to tricking various core developers or miners into believing that either the unnecessary technical fix was needed or that a change in Bitcoin's governance would be a good thing.

Likely core supporters and a variety of other folks in the community are more aware now of some of these kinds of coup potentials (which are likely to be attempted again... but maybe enough awareness has been raised to show coup attempts for the phoniness of what they are - which seem to be attempts to undermine bitcoin and to cause it to be easily malleable - which would have taken away from bitcoin's main contributory feature, and that is censorship resistance.......).


GO BITCOIN... and to the moon!!!!!!

[Gyrsur]

3.6 MB blocks on the segwit testnet.

https://segnet.smartbit.com.au/blocks?sort=size

[elite3000]

3.6 MB blocks on the segwit testnet.

https://segnet.smartbit.com.au/blocks?sort=size

What is it?

They are testing big blocks in another chain or simulator, or what?

[hd060053]

halving coming in 83 days. countdown any1 ?

[Gyrsur]

3.6 MB blocks on the segwit testnet.

https://segnet.smartbit.com.au/blocks?sort=size

What is it?

They are testing big blocks in another chain or simulator, or what?

this is a testnet for segwit. before a release to public or on the mainnet Core is testing all the improvements.

[Fatman3001]

3.6 MB blocks on the segwit testnet.

https://segnet.smartbit.com.au/blocks?sort=size

What is it?

They are testing big blocks in another chain or simulator, or what?

this is a testnet for segwit. before a release to public or on the mainnet Core is testing all the improvements.

Do you know how much of it is witness data and how relevant this would be to the kind of usage patterns we have today? Are these kinds of segwit block sizes perhaps more relevant for when LN is launched?

[Gyrsur]

3.6 MB blocks on the segwit testnet.

https://segnet.smartbit.com.au/blocks?sort=size

What is it?

They are testing big blocks in another chain or simulator, or what?

this is a testnet for segwit. before a release to public or on the mainnet Core is testing all the improvements.

Do you know how much of it is witness data and how relevant this would be to the kind of usage patterns we have today? Are these kinds of segwit block sizes perhaps more relevant for when LN is launched?

LN is an other story because it is off-chain. just the start and the end is manifested in the blockchain. the other whole lifecycle of certain LN activities does not affect the blockchain.

SegWit is a speration of data from the blockchain which is not immediate necessary for txs. and because of this you can see blocks of 3.6 MB. the data which is necessary is stored in the blockchain and the other data is seperated. for example in sum you have data of 3.6 MB but the necessary data which is stored in the block is just 0.9 MB.


EDIT: I cannot see the exact amount of data which is stored in the block and the exact amout of data whic is excluded from the block

https://segnet.smartbit.com.au/block/00000072e17929d0d4c1a8f3e5f59c4fc10dd4d32861a40da855d55309a97562

[Fatman3001]

3.6 MB blocks on the segwit testnet.

https://segnet.smartbit.com.au/blocks?sort=size

What is it?

They are testing big blocks in another chain or simulator, or what?

this is a testnet for segwit. before a release to public or on the mainnet Core is testing all the improvements.

Do you know how much of it is witness data and how relevant this would be to the kind of usage patterns we have today? Are these kinds of segwit block sizes perhaps more relevant for when LN is launched?

LN is a other story because it is off-chain. just the start and the end is manifested in the blockchain. the other whole lifecycle of certain LN activities do not affect the blockchain.

SegWit is a speration of data from the blockchain which is not immediate necessary for txs. and because of this you can see blocks of 3.6 MB. the data which is necessary is stored in the blockchain and the other data is seperated. in sum you have data of 3.6 MB for example but the necessary data is just 0.9 MB.

The reason I ask is that, as I understood, the ins and outs of the LN streams are some of the few txs which would use that much witness data.

In any event I'm guessing these tests will be used to block any notion of a maxblocksize hf as it's pretty close to the 4mb total they agreed upon with the miners earlier this year.

It will be interesting to see what LN does to centralization over the coming years. I hope it's not the beginning of the end.

[marcus_of_augustus]

The reason I ask is that, as I understood, the ins and outs of the LN streams are some of the few txs which would use that much witness data.

In any event I'm guessing these tests will be used to block any notion of a maxblocksize hf as it's pretty close to the 4mb total they agreed upon with the miners earlier this year.

It will be interesting to see what LN does to centralization over the coming years. I hope it's not the beginning of the end.

Don't let your woeful misunderstandings stop you from having an opinion on anything and everything bitcoin scaling. Keep speculating yourself into the stupid house.

[Gyrsur]

3.6 MB blocks on the segwit testnet.

https://segnet.smartbit.com.au/blocks?sort=size

What is it?

They are testing big blocks in another chain or simulator, or what?

this is a testnet for segwit. before a release to public or on the mainnet Core is testing all the improvements.

Do you know how much of it is witness data and how relevant this would be to the kind of usage patterns we have today? Are these kinds of segwit block sizes perhaps more relevant for when LN is launched?

LN is a other story because it is off-chain. just the start and the end is manifested in the blockchain. the other whole lifecycle of certain LN activities do not affect the blockchain.

SegWit is a speration of data from the blockchain which is not immediate necessary for txs. and because of this you can see blocks of 3.6 MB. the data which is necessary is stored in the blockchain and the other data is seperated. in sum you have data of 3.6 MB for example but the necessary data is just 0.9 MB.

The reason I ask is that, as I understood, the ins and outs of the LN streams are some of the few txs which would use that much witness data.

In any event I'm guessing these tests will be used to block any notion of a maxblocksize hf as it's pretty close to the 4mb total they agreed upon with the miners earlier this year.

It will be interesting to see what LN does to centralization over the coming years. I hope it's not the beginning of the end.

i guess as soon segwit is activated and LN nodes occur we will see stress tests to attack the mainnet. then we know what for a amout of txs (on-chain and off-chain) is possible with 1MB+SegWit+LN.

imagine if we will come to a consensus to reduce the blocksize to 0.5 MB in 2017/2018 because of fees are to low.  

[brg444]

3.6 MB blocks on the segwit testnet.

https://segnet.smartbit.com.au/blocks?sort=size

What is it?

They are testing big blocks in another chain or simulator, or what?

this is a testnet for segwit. before a release to public or on the mainnet Core is testing all the improvements.

Do you know how much of it is witness data and how relevant this would be to the kind of usage patterns we have today? Are these kinds of segwit block sizes perhaps more relevant for when LN is launched?

The kind of usage we have today doesn't fill a 1MB block segwit or not.

[Fatman3001]

3.6 MB blocks on the segwit testnet.

https://segnet.smartbit.com.au/blocks?sort=size

What is it?

They are testing big blocks in another chain or simulator, or what?

this is a testnet for segwit. before a release to public or on the mainnet Core is testing all the improvements.

Do you know how much of it is witness data and how relevant this would be to the kind of usage patterns we have today? Are these kinds of segwit block sizes perhaps more relevant for when LN is launched?

LN is a other story because it is off-chain. just the start and the end is manifested in the blockchain. the other whole lifecycle of certain LN activities do not affect the blockchain.

SegWit is a speration of data from the blockchain which is not immediate necessary for txs. and because of this you can see blocks of 3.6 MB. the data which is necessary is stored in the blockchain and the other data is seperated. in sum you have data of 3.6 MB for example but the necessary data is just 0.9 MB.

The reason I ask is that, as I understood, the ins and outs of the LN streams are some of the few txs which would use that much witness data.

In any event I'm guessing these tests will be used to block any notion of a maxblocksize hf as it's pretty close to the 4mb total they agreed upon with the miners earlier this year.

It will be interesting to see what LN does to centralization over the coming years. I hope it's not the beginning of the end.

i guess as soon segwit is activated and LN nodes occur we will see stress tests to attack the mainnet. then we know what for a amout of txs (on-chain and off-chain) is possible with 1MB+SegWit+LN.

imagine if we will come to a consensus to reduce the blocksize to 0.5 MB in 2017/2018 because of fees are to low.  

Careful now. You'll be quoting Bible verses with Luke-Jr soon.

[r0ach]

BlockyJoeAllen come to dump his mind vomit all over these public pages again I see.

Hey genius, you think you got it all figured, where's your code? Where's you tests? Where's your data?

Enough with the mind vomit, time to put up or stfu.

Monday morning quarterbacks and backseat drivers are worse than clueless noobs, there is no reason for their ignorance, it's just willful.

I remember you used to think BJA actually was a genius...but then he started disagreeing with you.

If you want to start floating your theory that the BJA account has been sold/hijacked, the allusion to women being raped suggests this is the original BJA in all his unapologetic glory.

Ever noticed there is little to no negative stigma about men being raped?  It's because it's socially acceptable for women to try and pursue the "alpha male" at all costs, meaning men with power and money, sleeping their way to the top.  A prostitute mentality.  Attempting to trade sex for increase in social and financial status.  This is why men laugh at rape jokes and women subconciously consider rape theft of services, like stealing a lawnmower from a hardware store.  One sex uses sex as a business and the other doesn't.  Most women do in fact have a prostitute mentality, but of course it's politically incorrect to say that.

Women constantly repeat the phrase, "men just don't understand women".  No, that's not the problem at all.  Women are simple, primitive creatures, not very hard to understand at all by anyone who can understand cryptocurrency and game theory.  The problem is, if you do understand them, it's kind of frightening, since you'll then see them as vampires that want absolutely nothing to do with any man that doesn't offer them an entirely asymmetric relationship.  Meaning expectations for benefits of said relationship to be lopsided in their favor, and if that ceases to be the case, license to pursue new prey.

[iCEBREAKER]

https://www.reddit.com/r/Bitcoin/comments/4fdaqe/supporters_of_2_mb_bitcoin_blocks_unable_to/

Classic #rekt

Bitcoin angel investor Roger Ver contacted Bitcoin Magazine about the Beijing meeting but declined to go into any detail about what took place.

I love how the Gavinistas and Buttcoiners on r/btc demand to know every detail of Dr. Back's meeting with Slush in Prague (did they drink Urquell or Staropramen?) but are studiously incurious about WTF just happened (and/or failed to happen) in Beijing.

Of course Stannis probably doesn't want to talk about how the Battle of Winterfell went either...   

[TooDumbForBitcoin]

BlockyJoeAllen come to dump his mind vomit all over these public pages again I see.

Hey genius, you think you got it all figured, where's your code? Where's you tests? Where's your data?

Enough with the mind vomit, time to put up or stfu.

Monday morning quarterbacks and backseat drivers are worse than clueless noobs, there is no reason for their ignorance, it's just willful.

I remember you used to think BJA actually was a genius...but then he started disagreeing with you.

If you want to start floating your theory that the BJA account has been sold/hijacked, the allusion to women being raped suggests this is the original BJA in all his unapologetic glory.

Frightened misogyny, typed one-handed by one who grieves for the persecuted male gender.

Is your aloneness a punishment or a choice?

[r0ach]

BlockyJoeAllen come to dump his mind vomit all over these public pages again I see.

Hey genius, you think you got it all figured, where's your code? Where's you tests? Where's your data?

Enough with the mind vomit, time to put up or stfu.

Monday morning quarterbacks and backseat drivers are worse than clueless noobs, there is no reason for their ignorance, it's just willful.

I remember you used to think BJA actually was a genius...but then he started disagreeing with you.

If you want to start floating your theory that the BJA account has been sold/hijacked, the allusion to women being raped suggests this is the original BJA in all his unapologetic glory.

Ever noticed there is little to no negative stigma about men being raped?  It's because it's socially acceptable for women to try and pursue the "alpha male" at all costs, meaning men with power and money, sleeping their way to the top.  A prostitute mentality.  Attempting to trade sex for increase in social and financial status.  This is why men laugh at rape jokes and women subconciously consider rape theft of services, like stealing a lawnmower from a hardware store.  One sex uses sex as a business and the other doesn't.  Most women do in fact have a prostitute mentality, but of course it's politically incorrect to say that.

Women constantly repeat the phrase, "men just don't understand women".  No, that's not the problem at all.  Women are simple, primitive creatures, not very hard to understand at all by anyone who can understand cryptocurrency and game theory.  The problem is, if you do understand them, it's kind of frightening, since you'll then see them as vampires that want absolutely nothing to do with any man that doesn't offer them an entirely asymmetric relationship.  Meaning expectations for benefits of said relationship to be lopsided in their favor, and if that ceases to be the case, license to pursue new prey.

Is your aloneness a punishment or a choice?

A monogamous relationship as the main goal of one's life is the epitome of being a simpleton, idiocracy type person.  People like Einstein (who was actually a plagiarist, but let's not get into that), couldn't be bothered with meaningless, simpleton things like fashion, so he just bought a bunch of identical clothes and wore them every day.  Meanwhile, everyone else is being constantly bombarded with sex symbols as the main directive of one's life by the media and women themselves trying to get you to waste all your time chasing them.  It's a huge distraction from doing anything with your life.  So, while women can be a source of enjoyment, they have a categorical resemblance to bad habits such as gambling or alcoholism.

[TeeBone]

Uber-bear here, checking in for the moonshot.