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

[Ibian]

When the king mixes his old solid gold coins with iron you end up with two different kinds of coins, both with his ugly face on them. That's a fork.

Your definition of being able to "fork" elements on the periodic table is accepted by nobody else on earth besides yourself.  You're just making things up as you go.

For that matter, we have forked gold now. Some of it is mixed with tungsten. Have you had yours checked?

[BlindMayorBitcorn]

I'm about to fork my peanut butter sandwich with some jam. 

Want some?

[Ibian]

I'm about to fork my peanut butter sandwich with some jam. 

Want some?

Depends. What does that do to the peanut's market value?

[r0ach]

This is fucking hilarious.  Bitfury sues to prevent bitcoin from being un-centralized!  This is why I can't stand bitcoin now.  These idiots even think it's supposed to be centralized.

https://www.reddit.com/r/Bitcoin/comments/60ast5/bitfury_george_pledges_to_sue_all_involved_with/

[Ibian]

This is fucking hilarious.  Bitfury sues to prevent bitcoin from being un-centralized!  This is why I can't stand bitcoin now.  These idiots even think it's supposed to be centralized.

https://www.reddit.com/r/Bitcoin/comments/60ast5/bitfury_george_pledges_to_sue_all_involved_with/

You are literally complaining that bitcoin is so successful than people other than internet nerds are becoming interested. This is Good News (Everyone)™.

[r0ach]

You are literally complaining that bitcoin is so successful than people other than internet nerds are becoming interested. This is Good News™.

Are you the new worst commenter on the forum?  The entire point of bitcoin is "decentralization".  To mine things like gold you have to go through the government itself and get permits and also deal with entities like the EPA, yet even with all that bureaucracy, gold and silver mining is still more decentralized than bitcoin mining is.  This is not a good thing when "decentralization" is it's entire selling point.

[Ibian]

You are literally complaining that bitcoin is so successful than people other than internet nerds are becoming interested. This is Good News™.

Are you the new worst commenter on the forum?  The entire point of bitcoin is "decentralization".  To mine things like gold you have to go through the government itself and get permits and also deal with entities like the EPA, yet even with all that bureaucracy, gold and silver mining is still more decentralized than bitcoin mining is.  This is not a good thing when "decentralization" is it's entire selling point.

Welcome to the real world. Other people have Agendas. This was never not going to happen.

[Searing]

You are literally complaining that bitcoin is so successful than people other than internet nerds are becoming interested. This is Good News™.

Are you the new worst commenter on the forum?  The entire point of bitcoin is "decentralization".  To mine things like gold you have to go through the government itself and get permits and also deal with entities like the EPA, yet even with all that bureaucracy, gold and silver mining is still more decentralized than bitcoin mining is.  This is not a good thing when "decentralization" is it's entire selling point.

Welcome to the real world. Other people have Agendas. This was never not going to happen.

Worse then that....2 camps..both have a big block solution...neither can muster enough to get their way.....but to top it off Bitcoin Core which currently is in control
of the project...does not care about block size increase....thus a stalemate with 1 party just fine if it goes no place.

stagnation

So until both parties come to the table on solutions OTHER then the ones they have already proposed...this could go on for years yet. (assuming BTC price lasts that long)

Thus no communication (beyond twitter wars) no protocol change ..simple as that

(all parties being btc whales from back in the day is not helping this any either..with I'll sink the ship first attitude if I lose from both sides..actions....imho anyway)

[r0ach]

You are literally complaining that bitcoin is so successful than people other than internet nerds are becoming interested. This is Good News™.

Are you the new worst commenter on the forum?  The entire point of bitcoin is "decentralization".  To mine things like gold you have to go through the government itself and get permits and also deal with entities like the EPA, yet even with all that bureaucracy, gold and silver mining is still more decentralized than bitcoin mining is.  This is not a good thing when "decentralization" is it's entire selling point.

Welcome to the real world. Other people have Agendas. This was never not going to happen.

Please make a comment that makes some type of sense.  You first said I'm "complaining that others besides internet nerds are interested in bitcoin".  LOL, they are not interested in "bitcoin", they're interested in inserting themselves as middlemen and extracting usury and seigniorage fees from you.  The exact thing that bitcoin is supposed to prevent.  If bitcoin developers themselves can't even mine the coin they develop for and have to pay tribute to some cartel, I'm not sure there is much point in this because this thing has clearly gone off the rails.

[savetherainforest]

This is fucking hilarious.  Bitfury sues to prevent bitcoin from being un-centralized!  This is why I can't stand bitcoin now.  These idiots even think it's supposed to be centralized.

https://www.reddit.com/r/Bitcoin/comments/60ast5/bitfury_george_pledges_to_sue_all_involved_with/

Good luck with the lawsuit in China! ... you will need it!  


http://www.bbc.com/news/business-36200481   (Short version:  "Apple lost trademark lawsuit in China over their own product name.")


*edit: Keep smoking that hopium r0ach!   

[mymenace]

I love using a currency that is decentralised and I can profit from myself via mining or trading. As well I can transfer my money anywhere in the world and buy anything in the world with it.

What a great idea this bitcoin is..

[rjclarke2000]

Been away from here for a few days and I see we are lower in price and it's the same fork bullshit as usual. Wake me up when this is all over.

[Torque]

Here's something different:
http://www.bbc.com/news/uk-politics-39325561

[Torque]

corrupt miners

Define what a "corrupt miner" is. I hope you have something better than "miners who do things that I just don't approve of".

corrupt miner = "miners who do things that EVERYONE ELSE (users, exchanges, brokers, merchants, investors) in Bitcoin doesn't approve of."

You might then say, "yeah, well at that point people will just vote with their feet."

Not if the Bitcoin ecosystem is big enough. Everyone will be too invested in Bitcoin's success at that point. Give miners enough power and control, and it won't matter anymore.

[Ibian]

corrupt miners

Define what a "corrupt miner" is. I hope you have something better than "miners who do things that I just don't approve of".

corrupt miner = "miners who do things that EVERYONE ELSE (users, exchanges, brokers, merchants, investors) in Bitcoin doesn't approve of."

You might then say, "yeah, well at that point people will just vote with their feet."

Not if the Bitcoin ecosystem is big enough. Everyone will be too invested in Bitcoin's success at that point. Give miners enough power and control, and it won't matter anymore.

Okay so basically the same thing. If the majority disapproves of whatever then it doesn't matter because they have the majority of the hashpower. It's a shit definition and in practice pretty worthless.

[Torque]

corrupt miners

Define what a "corrupt miner" is. I hope you have something better than "miners who do things that I just don't approve of".

corrupt miner = "miners who do things that EVERYONE ELSE (users, exchanges, brokers, merchants, investors) in Bitcoin doesn't approve of."

You might then say, "yeah, well at that point people will just vote with their feet."

Not if the Bitcoin ecosystem is big enough. Everyone will be too invested in Bitcoin's success at that point. Give miners enough power and control, and it won't matter anymore.

Okay so basically the same thing. If the majority disapproves of whatever then it doesn't matter because they have the majority of the hashpower. It's a shit definition and in practice pretty worthless.

When faced with truth, you troll. 

You want miners to take over centralized control of Bitcoin, at the expense of the rest of the users in the ecosystem. Got it.

Fascist much?

Sorry Ibian, but when r0ach starts making more sense than you, you have to go to my ignore list.

[Cassius]

Here's something different:
http://www.bbc.com/news/uk-politics-39325561

Well, not sure about USD prices but it looks like BTC will soon get a bump against Sterling.

[Ibian]

corrupt miners

Define what a "corrupt miner" is. I hope you have something better than "miners who do things that I just don't approve of".

corrupt miner = "miners who do things that EVERYONE ELSE (users, exchanges, brokers, merchants, investors) in Bitcoin doesn't approve of."

You might then say, "yeah, well at that point people will just vote with their feet."

Not if the Bitcoin ecosystem is big enough. Everyone will be too invested in Bitcoin's success at that point. Give miners enough power and control, and it won't matter anymore.

Okay so basically the same thing. If the majority disapproves of whatever then it doesn't matter because they have the majority of the hashpower. It's a shit definition and in practice pretty worthless.

When faced with truth, you troll. 

You want miners to take over centralized control of Bitcoin, at the expense of the rest of the users in the ecosystem. Got it.

Fascist much?

Sorry Ibian, but when r0ach starts making more sense than you, you have to go to my ignore list.

You gave your opinion. I gave my opinion of your opinion. None of that is trolling. Not even your part, or so I choose to presume. If it's not too presumptuous.

[Killerpotleaf]

corrupt miner = "miners who do things that EVERYONE ELSE (users, exchanges, brokers, merchants, investors) in Bitcoin doesn't approve of."

miners wont signal somthing they dont believe in.

maybe you should try to take a more objective view, and realize that asking everyone to bank on an unproven concept is not a viable way forward at this point.

and "everyone else" is not the case in this case, OBVIOUSLY

[Dafar]

https://www.reddit.com/r/Bitcoin/comments/60gem4/jihan_wus_latest_weibo_post_looks_like_an_offer/

Jihan willing to talk is a GREAT sign! I really believe once he folds the scaling debate will start coming to a conclusion. The fact that he admits that he finds 2nd layer solutions a threat is telling, but he will realize that he cannot force the rest of the community to hold back on achievements to benefit the miners. A prosperous $2K+ bitcoin is much better for him than half a bitcoin with less users