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

[dumbfbrankings]

I understand youre frustration, it feels like ages. Segwit is under testing atm.

I can understand why it takes time, but my prime annoyance would be others holding its implementation hostage to force other changes. I read one of the Chinese pools were saying they wouldn't drop it in without a block size increase too. No doubt there'll be the r/btc freaks clubbing together to fuck things up too. Then we have another few years of pointless dicking around and playground diplomacy.

Jihan of Bitmain says he won't activate segwit until a HF to 2MB for activation in July 2017 is released by core. You should be thanking him for calling Blockstream's bluff (the HK Agreement farce). If miners continued to have zero spine, you really will have 1MB4EVA with all kinds of soft fork cruft and kludges to do whatever is best for Blockstream's products and interests. A hard fork is sort of an election in upgrade policy, you have to wonder why the incumbents are hell bent on not having that election.

It's really baffling to see long time Bitcoiners be so trusting of this one organization. A company that has taken 76 million dollars from legacy finance and venture capitalists... for what exactly? What product do they offer? What is their revenue stream? So... much... trust. From a group that is almost comically distrustful of everything else. Soft forks don't require the permission of anyone but a handful of mining pools, and this is the precedent we want to set for our "decentralized" system. And you wonder why "freaks" are complaining... smh.

[mymenace]

Trying to understand nodes and data, not sure if this is the place for it, anyways


...."I don't anticipate that fees will be needed anytime soon, but if it becomes too burdensome to run a node, it is possible to run a node that only processes transactions that include a transaction fee".....

http://bitcoinfoundation.org/forum/index.php?/topic/54-my-first-message-to-satoshi/



Is the above an example of a merkle tree and is this already used in bitcoin

http://bitcoin.stackexchange.com/questions/1110/how-do-i-implement-a-merkle-tree

https://bitcoin.org/en/glossary/merkle-tree
https://en.wikipedia.org/wiki/Merkle_tree



could this be used to reduce data costs with mining?

[tomothy]

So, we have 38 days until the halving. Price is at ~$530. KNC just went Bankrupt, There is no scaling solution. Is it realistic to expect moon? I think maybe we'll have moon like October, but I don't see really anything hugely positive unless all the demand comes from China due to ongoing currency devaluations. I'd like to see another leg up this weekend but I'm not sure anymore.

I'm giving you some benefit of the doubt, here, by responding... and in essence, you appear to be very deluded in your perspective.....


In that regard, you seem to placing way too much importance to a scaling non-issue that has become a talking point for big mouth trolls, financial shills, bitcoin denialists, ETH pumpers, deluded persons, bears hoping for the price to go down, and misinformed folks.  

I could give you the benefit of the doubt by considering that potentially, you are a misinformed folk... and regarding the misinformed folks, some of them are more genuine than others concerning their legitimately being confused by this non-issue that has been made into an issue and overhyped.

Rather than scaling, as an issue, you should consider that bitcoin recently passed through the upper $400s resistance point.. and it did so over several months and after fighting off quite a bit of FUCD spreading..  Depending on how far you zoom out, this has not really been an overly radical price increase, so support seems pretty decent at this price point and puts bitcoin in a very decent place for an upward price launch..

Of course, nothing is for certain in bitcoinlandia - especially when we have manipulators and disinformation spreaders...  but when you are talking about some kind of probablistic crash based on some fabricated scaling issue, you are really talking about a scenario that is less likely over an issue that is largely resolved.. and in that regard, if we have some kind of crash, some kind of real technical problem with bitcoin needs to be identified, or the FUCD spreaders are going to have to come up with something that is convinces normal persons to sell, because currently BTC's price pressures are upwards, and not downward, as you seem to be asserting with your superficial yesterday's news depiction of Bitcoin's current situation.

Switch scaling for hard fork code changes and my point remains the same.

So, LN is in Alpha but needs Segwit. SOME miners won't agree to segwit unless it is as a HF AND includes 2mb code release. Moon? DMOON? What am I missing? I think you would get moon if a compromise exists with participant buy in, otherwise I figure maybe a bump before halving and sharp decrease thereafter and maybe some stability at +/- $600's. Halving is great, I'm just concerned that there won't be benefits until coin supply tightens say around October/November. Thoughts?

[Assmaster2000]

pointless dicking around and playground diplomacy.

A rational, adult business relationship. They'll work it out.

[gentlemand]

Jihan of Bitmain says he won't activate segwit until a HF to 2MB for activation in July 2017 is released by core. You should be thanking him for calling Blockstream's bluff (the HK Agreement farce). If miners continued to have zero spine, you really will have 1MB4EVA with all kinds of soft fork cruft and kludges to do whatever is best for Blockstream's products and interests.

Don't get me wrong, I do like a big block. But I think it's a pathetic indictment of all sides that useful stuff like segwit has to be held to ransom to get other changes through. And I will forever believe that r/btc is filled with freaks.

[hdbuck]

Jihan of Bitmain says he won't activate segwit until a HF to 2MB for activation in July 2017 is released by core. You should be thanking him for calling Blockstream's bluff (the HK Agreement farce). If miners continued to have zero spine, you really will have 1MB4EVA with all kinds of soft fork cruft and kludges to do whatever is best for Blockstream's products and interests.

Don't get me wrong, I do like a big block. But I think it's a pathetic indictment of all sides that useful stuff like segwit has to be held to ransom to get other changes through. And I will forever believe that r/btc is filled with freaks.

the status is quo bitches.

seems bitcoin is decentralized after all.

[dumbfbrankings]

Jihan of Bitmain says he won't activate segwit until a HF to 2MB for activation in July 2017 is released by core. You should be thanking him for calling Blockstream's bluff (the HK Agreement farce). If miners continued to have zero spine, you really will have 1MB4EVA with all kinds of soft fork cruft and kludges to do whatever is best for Blockstream's products and interests.

Don't get me wrong, I do like a big block. But I think it's a pathetic indictment of all sides that useful stuff like segwit has to be held to ransom to get other changes through. And I will forever believe that r/btc is filled with freaks.

Core could have easily coded hard fork segwit, including a 2MB maxblocksize increase for activation in mid 2017... the community would have healed, we would have consensus, and they could still sit in the position of power as the author of the reference client.

They didn't, and will not. You have to ask: why? You might not like the answer.

My impression is that they want to avoid the precedent of any HF at any cost. Just like a dictator will avoid an election at any cost, even if he's guaranteed to win. You don't want these silly plebs and freaks getting any ideas.

[kingaltcoins]

I understand youre frustration, it feels like ages. Segwit is under testing atm.

I can understand why it takes time, but my prime annoyance would be others holding its implementation hostage to force other changes. I read one of the Chinese pools were saying they wouldn't drop it in without a block size increase too. No doubt there'll be the r/btc freaks clubbing together to fuck things up too. Then we have another few years of pointless dicking around and playground diplomacy.

Whoa there! A fork is not a joke that without a prior consent it will be implemented just like that.
It needs time and several clarifications before coming to a solution.

And once the discussion of Segwit has started it will be implemented no matter how much whining takes place.
Developers need time. They are not restless like us.

[Cuntabula]

And once the discussion of Segwit has started it will be implemented no matter how much whining takes place.
Developers need time.

There was a promise to get it done by last month, but hey, I never took that seriously either.

They are not restless like us.

You seem pretty reasonable to me. Patient, even

[Meuh6879]

Psst...  Segwit in April

[Fatman3001]

Psst...  Segwit in April

Oh, man!

I really like your posts. Then I see one of your signature links is to a racist nutter.

WHY, BITCOIN??!? WHYYYYYY?!?!?!!??!?!?!?!?!?!?!??!!(!)

[ImI]

Psst...  Segwit in April

Oh, man!

I really like your posts. Then I see one of your signature links is to a racist nutter.

WHY, BITCOIN??!? WHYYYYYY?!?!?!!??!?!?!?!?!?!?!??!!(!)

it seems most french bitcoiners are basically racist. olivier jannsen is the most prominent example but you can also witness that here at BTT.

it seems in france only france nationale nutters seem interested in bitcoin. probably a result of france being one of the most socialist countries in europe.
 
edit: otoh le pen openly rejects bitcoin as a "tool of wallstreet" 

[yefi]

Don't get me wrong, I do like a big block. But I think it's a pathetic indictment of all sides that useful stuff like segwit has to be held to ransom to get other changes through. And I will forever believe that r/btc is filled with freaks.

Gosh... 

[Fatman3001]

Psst...  Segwit in April

Oh, man!

I really like your posts. Then I see one of your signature links is to a racist nutter.

WHY, BITCOIN??!? WHYYYYYY?!?!?!!??!?!?!?!?!?!?!??!!(!)

it seems most french bitcoiners are basically racist. olivier jannsen is the most prominent example but you can also witness that here at BTT.

it seems in france only france nationale nutters seem interested in bitcoin. probably a result of france being one of the most socialist countries in europe.
 
edit: otoh le pen openly rejects bitcoin as a "tool of wallstreet"  

"Olivier and iCEBREAKER, sitting in a tree, G-A-S-S-I-N-G."

Yeah, it's weird. Kind of sad that Bitcoin doesn't attract more run-of-the-mill french geeks.

[gentlemand]

Gosh... 

Yup. Live and direct straight up the shitter.

[Meuh6879]

Then I see one of your signature links is to a racist nutter.

WHY, BITCOIN??!? WHYYYYYY?!?!?!!??!?!?!?!?!?!?!??!!(!)

"Ask the people" is a racist term ?
"Kill the war fund to restrict the gov." is a racist term ?
It's new.

are you really listen the molyneux intervention on this video ?
are you really understand his english language ?

in France, gov. have kill people in syrie and africa for human migration and plutonium ressources.
gov. don't have asking this to the people because they can create DEBT from the people without asking.

[pariahbit]

Digital Currency Exchange Bitfinex to Pay 75k Fine to CFTC

Hong Kong-based digital currency exchange Bitfinex (BFXNA Inc.) will be paying a $75,000 fine to the United States Commodity Futures Trading Commission (CFTC). According to the order, Bitfinex fully cooperated with CFTC investigators and submitted the 75k Offer of Settlement, which the CFTC has accepted. [...]

http://themerkle.com/cftc-hits-digital-currency-exchange-bitfinex-with-75k-fine/

[r0ach]

http://www.hidemypen.com/browse.php?u=hB%2BGHTu4JAyxPjhUCE8Vbq4CoN%2BCZ4RROCZtPtcDbU%2BdGnY0aC23wvBM4esTyXPJWZnseHKM0BSQvAK8wgwFAqvCNHb3paF8HOEfcw%3D%3D&b=5

It appears you may be a paid shill using a proxy service and accidentally gave that away...

[Ted E. Bare]

Bitcoin Block Reward Halving Countdown:
Only 38 more days!

[conspirosphere.tk]

Bitcoin Block Reward Halving Countdown:
Only 38 more days!