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

[Ted E. Bare]

[julian071]

My feelings exactly.

I choose to hodl btw.

[york780]

Man i bought my btc in the dip ad sold them again. This hurts , but the downtrend is a fact. Hell starts tomorrow when chinese exchanges open again. + technical issues + ETF dissaproval. See you next week my sweet btc 

[jbreher]

WTF are you talking about? BU blocks have been being mined for months.

WTF... What are you smoking?

I'm smoking that which enables me to see the obvious truth that BU blocks have been being mined for months. For more than a year, actually:

http://xtnodes.com/#bitcoin_classic_blocks

[jbreher]

I'm not married to segwit, but I'm unconvinced that BU or any hardfork-driven change to the actual protocol is necessary or even the right move...

Well, at least you actually advanced some elements of an argument there. All perfectly wrong, but much better than merely slinging shit.

Just go visit the BU fourm r/btc...

What on earth compels you to claim the r/btc is 'the BU forum'? If there is any such thing as 'the BU forum', it would be the forum on bitco.in - which would be where the project was initially dreamed up, discussed, and coordinated, and continues to act as the forum where such discussion is done. r/btc is merely the default refuge of all cryptocurrency enthusiasts disenfranchised by r/bitcoin moderation policies.

[mainpmf]

Is this a new dump coming or just a trap guys?

Looks like a "cliché" dump!        (word of advice: don't hope for too much! Be happy with a $20-30$ dip then buyback in)

Mah
I'm just hoping it will be a 40$ dump...
Last time we reach those heights it was NOT a 40$ dump xD

[Ibian]

So why don't we want to double traffic? Anyone?

[0rganic]

Man i bought my btc in the dip ad sold them again. This hurts , but the downtrend is a fact. Hell starts tomorrow when chinese exchanges open again. + technical issues + ETF dissaproval. See you next week my sweet btc 

Great! so you're finished with Bitcoin, and you can delete your trolling account, good riddance.

[Syke]

So why don't we want to double traffic? Anyone?

I want 10x.

[marcus_of_augustus]

So why don't we want to double traffic? Anyone?

The dilettantes and sociopaths got butthurt when the engineers came up with a good working interim solution to avert short term capacity constraints without a dangerous hardfork ... so the dilettantes and sociopaths created a grand experiment in theoretical free market constructs and unleashed Unlimited Bitcoins "emergent consensus" hand-wavy, untested techno-anarchy. Chinese communist miners got butthurt when the dilettantes and sociopaths told them they were the most important bitcoiners in the world and then the engineers told them, actually they're not.

Up to speed now ...? I want to know why Satoshi didn't just make the blocksize a user-selectable parameter when he wrote v0.1, it just seems so simple and easy and elegant, he must have been such an idiot for messing that up?

[talkingleaves]

I want to know why Satoshi didn't just make the blocksize a user-selectable parameter when he wrote v0.1, it just seems so simple and easy and elegant, he must have been such an idiot for messing that up?

like god giving humans free will, he just wanted to see what we'd do with it

[jbreher]

I want to know why Satoshi didn't just make the blocksize a user-selectable parameter when he wrote v0.1

He did. The only limit at v0.1 was the 32 MB protocol limit.

Incidentally, I like your term 'techno-anarchy'. Cheers!

[Dafar]

jbreher, no hard feelings, sorry for being an ass over different opinions

[Arcteryx]

Is this a new dump coming or just a trap guys?

Looks like a "cliché" dump!        (word of advice: don't hope for too much! Be happy with a $20-30$ dip then buyback in)

Mah
I'm just hoping it will be a 40$ dump...
Last time we reach those heights it was NOT a 40$ dump xD

This is unnerving talk about so big of these sort of dumps to come and expected to happen soon.
Is anybody else worrying about their value of bitcoin diminishing over night like I am?

[jbreher]

jbreher, no hard feelings, sorry for being an ass over different opinions

And likewise, Dafar. We're seeing different routes forward due to our differing perspectives, but I trust we both have noble motivations driving us.

[jbreher]

Is anybody else worrying about their value of bitcoin diminishing over night like I am?

Nope. Though the masses are currently unaware, they _need_ a permissionless, uncensorable money that can be transmitted over the internet. At this point, Bitcoin is 85%+ certain to be that thing. There may be bumps along the way, but the future is golden.

[gembitz]

BU is garbage, only a fucking idiot thinks it's a good idea.

I think BU is a good idea. I realize you don't know me from adam, but I assure you, I am not a fucking idiot. Certainly the evidence of my position in life disproves the assertion.

Mr. "I'm gonna defraud a million bucks from daddy under false pretenses" (bystanders might ask Dafar what I refer to here)

I note you make no argument -- only sling shit -- in your screed.

I'm not married to segwit, but I'm unconvinced that BU or any hardfork-driven change to the actual protocol is necessary or even the right move. I rarely hear any talks about the merits of BU over segwit, 90% of the time the opinions of that community become so personal and political that it's hard to even hear reason in their arguments. When you don't have the merits to back up your argument you rely on propaganda, but I'm getting sick of being told bitcoin is dying unless some drastic HF happens right now. That is just bullshit and my vision of bitcoin is not as shortsighted as these people. I'm okay with bitcoin being the way it is right now, scaling is gonna happen one way or another... and I will back the side that has received extensive testing and review. Segwit offers most of what people wanted to begin with, which is a near doubling of transaction capacity, virtually all of the technical community supports it, and wallets are ready to go with that support. I just don't see people's attraction to BU and I have done my due diligence

Oh look - new material edited. OK - amongst the ad-homs you do say one thing at least defensible:

BU may never achieve critical mass. As neither has done Classic or others...

...As neither has done The SegWit Omnibus Changeset.

I did not even edit my post, are you fucking stupid?

Actually, you are a BU supporter so the answer is yes

It is hilarious how much panic a few BU blocks can cause.  Even if BU becomes the majority, it won't fork until a large size is coordinated with all the relevant actors.  Nobody in their right mind would mine a block bigger than 1MB before everyone is ready.  If they do, fuck 'em.  But all the smallblockists are shitting themselves over nothing.

I'm glad you have confidence, but a lot of the parties who support BU don't seem to have bitcoins best interest in mind. Just go visit the BU fourm r/btc, half the posters are alt coin pumpers and they are just praying for BU to gain more traction

^the word "UNLIMITED" is what throws you off ..once you hear the real story the bu logic makes more sense than keeping the 1mb limit/segwit/lightning in a bottle :-D

[marcus_of_augustus]

I want to know why Satoshi didn't just make the blocksize a user-selectable parameter when he wrote v0.1

He did. The only limit at v0.1 was the 32 MB protocol limit.

Incidentally, I like your term 'techno-anarchy'. Cheers!

Thought you might like that, you're projecting your motives, as always ...

The SegWit Omnibus Changeset

... more interested in bending language, pushing your barrow and promoting propaganda through deceptive sloganeering than discussing and analysing solutions and ideas.

What are all the BUcoin holders gonna do when satoshi dumps on their rogue chain from a great height? Promote Segwit with propaganda?

[Stevenirving]

Anyone know what's causing the crash?

[gijoes]

Anyone know what's causing the crash?

Bitcoin is under a Trust Attack: https://medium.com/@lukeparker/the-trust-attack-a6241a08a9cd