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Question: What happens first:
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<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26387159 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
pinger
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March 16, 2017, 03:45:44 PM

Is Bitcoin dead yet?

https://99bitcoins.com/bitcoinobituaries/

1120 € ... I don't think so.
bitserve
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March 16, 2017, 03:48:08 PM

"Let's force 1mb blocks onto everyone forever! Let's restrict organic growth of Bitcoin's userbase and force marketshare into altcoins! Let's use an unproven solution (LN) and force it onto everyone! THEY WON'T HAVE A CHOICE!" -BlockstreamCore

Yes, how dare the rest of us who see through this insanity insist that Bitcoin go back to Satoshi's original vision of on-chain scaling.

How dare.

As you are so vocal about BU, let me ask you one question:

Would you accept if segwit would be in effect in the following six months and forget about all that BU nonsense at least for some time being? If not, what about segwit + 2M blocks? Or is this all about that you guys insist in that all present and future transactions have to be ALL done in main Bitcoin blockchain?
jbreher
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lose: unfind ... loose: untight


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March 16, 2017, 04:01:53 PM

If that happens, their code will have to define the protocol which runs the network, right?

As a professional protocol developer (yes, really), I advance the notion that 'big boy' protocols are not defined by a single code implementation. Significant protocols have definitions that exist outside the various tangible implementations of their specifications. Indeed, many significant standards agencies will not recognize a protocol as ready for the big time until such time as there are multiple interoperating implementations from multiple sources.

These rather trivial bugs exhibited recently by BU merely serve to illuminate the problems that may arise when a single implementation is the only implementation of a given protocol. A failure in one implementation is a failure in the entire system. To assume there are not bugs of similar scope in Core is a blindered approach.

Yes, as there has been a resistance within the community to develop a formal specification, we are reliant upon duking it out in the marketplace. Some day, I hope we can move past these baby steps to where we have multiple interoperating implementations from many teams.

In the meantime, a marginal implementation of the better design is far more valuable than any near-bulletproof implementation of a bad design. I continue to advocate BU.
Asrael999
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March 16, 2017, 04:02:08 PM

BTC price has to get managed downwards so those pumping the altcoins can get out of their altcoins and back into BTC , maximise their killing.
Arcteryx
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March 16, 2017, 04:04:11 PM

Or Ethereum will win, I'm not sure yet.
Are you sure about that?
https://bitcointalk.org/index.php?topic=1829137.new#new

Ethereum linked to MLM ponzi scheme.
This might just cause the price to plummet on their sudden pump in price along side of a rise in Dash.
criptix
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March 16, 2017, 04:11:26 PM

Or Ethereum will win, I'm not sure yet.
Are you sure about that?
https://bitcointalk.org/index.php?topic=1829137.new#new

Ethereum linked to MLM ponzi scheme.
This might just cause the price to plummet on their sudden pump in price along side of a rise in Dash.

Dude News.8btc is more alternative facts then Breitbart and RT together...
Ted E. Bare
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Bear with me


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March 16, 2017, 04:17:24 PM

Bottom at $1210 because of maximum FUD? Not bad. Even BTC-e is above Finex.
Holliday
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March 16, 2017, 05:06:40 PM

If that happens, their code will have to define the protocol which runs the network, right?

As a professional protocol developer (yes, really), I advance the notion that 'big boy' protocols are not defined by a single code implementation. Significant protocols have definitions that exist outside the various tangible implementations of their specifications. Indeed, many significant standards agencies will not recognize a protocol as ready for the big time until such time as there are multiple interoperating implementations from multiple sources.

We aren't talking about "big boy" protocols, we are talking about Bitcoin. By it's nature, the client dictates the protocol. If we actually switch to BU, that is the implementation which will determine the protocol, as clients with different rules will be isolated from the network (once that rule comes into question when a block is crafted accordingly), due to the very mechanics of Bitcoin.

These rather trivial bugs exhibited recently by BU merely serve to illuminate the problems that may arise when a single implementation is the only implementation of a given protocol.

I think trivial is marginalizing it, but whatever. I've been running a full node for 6 years now and I can't recall an instance where it shut down and the underlying OS wasn't to blame. And again, the bug is less of a concern to me than how the entire event surrounding it was handled, but you don't seem to want to discuss that since you keep ignoring it.

A failure in one implementation is a failure in the entire system.

Recent events say otherwise. I'm not sure why you would make this claim.

To assume there are not bugs of similar scope in Core is a blindered approach.

I never made that claim.

Yes, as there has been a resistance within the community to develop a formal specification, we are reliant upon duking it out in the marketplace.

I've seen plenty of efforts to develop formal specifications in the Bitcoin ecosphere. I've also seen plenty of efforts to intentionally avoid or sidestep attempts at formal specifications. It's an open source project, so people are obviously going to do as they please.

Some day, I hope we can move past these baby steps to where we have multiple interoperating implementations from many teams.

That sounds great, except that's not how Bitcoin works if the "interoperating implementations" have different rule sets, once those rules come into question, those clients will isolate themselves. Example: If a block bigger than 1MB is mined by a miner using BU, the Core nodes and BU nodes will no longer be on the same network. I know you know this, but you are using flowery language to suggests otherwise for some reason.

In the meantime, a marginal implementation of the better design is far more valuable than any near-bulletproof implementation of a bad design. I continue to advocate BU.

Well at least you admit that BU is a marginal implementation. It's also a bad design. But hey, that's just like... my opinion, man.

You know, it's obvious we aren't going to agree, and I really think that's a shame. I think this constant infighting is exactly what people opposed to Bitcoin want to see (and the alt-coiners love it as well). Of course, there has been plenty of drama throughout Bitcoin's short existence and I'm confident that this will eventually just be another speed bump in the road.
Torque
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March 16, 2017, 05:10:39 PM

These rather trivial bugs exhibited recently by BU ....

I stopped reading there. And then I started laughing.... Buahahahahaahaaa!! A 0day exploit that allows a hacker to knock all BU nodes offline.... trivial he says......hahahahahahaaa!!!
Elwar
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March 16, 2017, 05:26:52 PM

Hey gang. I heard someone mention something about blocksize and Bitcoin.

Does anyone here have an opinion on this?
HI-TEC99
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March 16, 2017, 05:35:44 PM

Bottom at $1210 because of maximum FUD? Not bad. Even BTC-e is above Finex.

That's way above the old bitstamp and bitfinex ATHs. If Bitcoin stays range bound betwen $1210 and $1260 for another month it's a good thing. If it keeps increasing in value too fast it's going to eventually get a hard correction. Slowly increasing in value is better.
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March 16, 2017, 05:52:37 PM


As you are so vocal about BU, let me ask you one question:

Would you accept if segwit would be in effect in the following six months and forget about all that BU nonsense at least for some time being? If not, what about segwit + 2M blocks? Or is this all about that you guys insist in that all present and future transactions have to be ALL done in main Bitcoin blockchain?

Why not do this? This should appease everyone am I right, at least does the time being.  And from now until when/if we need bigger blocks than 2MB the community should have a good handle on if they are needed or not.

This seems like the most logical objective compromise to me.
minero1
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March 16, 2017, 05:53:56 PM

My bad , this is the correct link : https://cryptowat.ch/bitfinex/btcusd/1m

Alright. This one works now. Thanks.
Will be watching it feverishly now. Cheesy
gembitz
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March 16, 2017, 05:54:32 PM

Hey gang. I heard someone mention something about blocksize and Bitcoin.

Does anyone here have an opinion on this?

^raise price to $2000 and blocksize to 2mb... ~now pay me! Wink ha
gembitz
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March 16, 2017, 05:56:15 PM


As you are so vocal about BU, let me ask you one question:

Would you accept if segwit would be in effect in the following six months and forget about all that BU nonsense at least for some time being? If not, what about segwit + 2M blocks? Or is this all about that you guys insist in that all present and future transactions have to be ALL done in main Bitcoin blockchain?

Why not do this? This should appease everyone am I right, at least does the time being.  And from now until when/if we need bigger blocks than 2MB the community should have a good handle on if they are needed or not.

This seems like the most logical objective compromise to me.


^2mb or 2.3MB(via segwit) is what these chumps are beefing about...i mean really? :-D lulz
york780
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March 16, 2017, 05:57:02 PM

No problem  Smiley

So what do you guys think? another move down right now?
Or is it time to go up from here?
Its hard to choose right now.
I already made 0.1 BTC profit today but i dont want to lose it when btc start climbing up again.

Somebody help me out??

Experts say that we will see a big move down tomorrow but i dont see this down move continue  Huh
supercops
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March 16, 2017, 05:58:49 PM

No problem  Smiley

So what do you guys think? another move down right now?
Or is it time to go up from here?
Its hard to choose right now.
I already made 0.1 BTC profit today but i dont want to lose it when btc start climbing up again.

Somebody help me out??

Experts say that we will see a big move down tomorrow but i dont see this down move continue  Huh
It will go down so sell now or you will regret it tomorrow.
york780
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March 16, 2017, 06:02:39 PM

Nah i was in fiat already. I bought myself back in  Smiley. Looks like the momentum is broken and that we will move up again.
gembitz
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March 16, 2017, 06:06:53 PM



^the only issue here is that lightning network scheme is gambling on the blocksize staying the same! These guys have infiltrated the core development team and are digging in to battle the idea of raising it because it will undermine their efforts for the push to offchain transactions...~i say raise the limit to 2mb already! :-D
soullyG
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Decentralize everything


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March 16, 2017, 06:08:06 PM

No problem  Smiley

So what do you guys think? another move down right now?
Or is it time to go up from here?
Its hard to choose right now.
I already made 0.1 BTC profit today but i dont want to lose it when btc start climbing up again.

Somebody help me out??

Experts say that we will see a big move down tomorrow but i dont see this down move continue  Huh
It will go down up so sell buy now or you will regret it tomorrow.

FTFY
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