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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 16987214 times)
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JayJuanGee
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March 20, 2017, 09:00:55 PM

Blocksize was never meant to be some resource that could be controlled by anybody.

Let Bitcoin scale already.

Make Bitcoin Great Again!



Finally, you make one out of three points that makes some sense.  

1mb blocksize limits is the current state of bitcoin.. that is correct, and bitcoin was not meant to be easily changed.  Therefore, 1mb blocksize limits seem to be the status quo going forward until there is some kind of convincing evidence and/or argument(s) that allows for it to be adapted in some kind of way, whether that is through seg wit or blocksize increases or any other "scaling" way forward.
What's your angle?

My angle meaning what?

I already stated what I thought, no?

In essence, I agree with any point that the current bitcoin system is established as a secure decentralized immutable way to store and transfer value.  If what bitcoin "is" is undermined by some kind of centralized system or manipulation or FUD that allows for such undermining of bitcoin "as it is", then that would be problematic.  

My angle remains that XT, Classic and now BU are either aimed or have effects that are attempting to undermine bitcoin "as is"... ... so we will see how all of that plays out, and whether bitcoin is going to be able to preserve its value in one form or another regarding a secure decentralized and immutable system that allows for the storage and transferring of value
Okay let's remove any possibility of ambiguity then.

Are you against increasing the transfer capacity of the bitcoin network, yes or no? Just yes or no.
no
So why do you want to stay at the current 1 MB? You can't have it both ways.

First of all.  You edited out my answer.  

Second of all, you are planting assumptions about my position based on information that I did not provide.

In other words, you are not really attempting to engage in any kind of meaningful interaction but instead wanting to disseminate your own talking points and to falsely attribute positions to others (isn't that called, creation of a strawman?)

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JayJuanGee
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March 20, 2017, 09:02:57 PM

A compromise looks very likely  Cheesy



But I feel bad for selling... if I buy back now I will pretty much be down 5 btc..... ugh...


Could be worse.     Tongue Tongue    Cheesy

york780
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the next 5 years are critical.


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March 20, 2017, 09:16:58 PM

Yes it could. I sold my 230 Ethereum for 11 dollar each, just before the huge pump where it is now. I could have made 10000USD out of it. But hey bitcoin will go up and we will have a nice ROI at the end

BTC here for more good charts and trading advice : 1AtPziQf3vYNV9ppLba6USdn1auVwD6a3z
Ibian
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March 20, 2017, 09:18:38 PM

Blocksize was never meant to be some resource that could be controlled by anybody.

Let Bitcoin scale already.

Make Bitcoin Great Again!



Finally, you make one out of three points that makes some sense.  

1mb blocksize limits is the current state of bitcoin.. that is correct, and bitcoin was not meant to be easily changed.  Therefore, 1mb blocksize limits seem to be the status quo going forward until there is some kind of convincing evidence and/or argument(s) that allows for it to be adapted in some kind of way, whether that is through seg wit or blocksize increases or any other "scaling" way forward.
What's your angle?

My angle meaning what?

I already stated what I thought, no?

In essence, I agree with any point that the current bitcoin system is established as a secure decentralized immutable way to store and transfer value.  If what bitcoin "is" is undermined by some kind of centralized system or manipulation or FUD that allows for such undermining of bitcoin "as it is", then that would be problematic.  

My angle remains that XT, Classic and now BU are either aimed or have effects that are attempting to undermine bitcoin "as is"... ... so we will see how all of that plays out, and whether bitcoin is going to be able to preserve its value in one form or another regarding a secure decentralized and immutable system that allows for the storage and transferring of value
Okay let's remove any possibility of ambiguity then.

Are you against increasing the transfer capacity of the bitcoin network, yes or no? Just yes or no.
no
So why do you want to stay at the current 1 MB? You can't have it both ways.

First of all.  You edited out my answer.
I made your answer concise as I requested and you ignored. Your victim card is revoked. And look, here I am editing you again!

If you don't show respect you do not get respect. Just how things are.

There is no bubble.
bitserve
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March 20, 2017, 09:26:58 PM

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

Paradoxically, in the long-long run (20yr horizon), nobody will care about l2 solutions as l1 capabilities will be more than adequate to satisfy the volume of direct txs (except if we have unforseen spikes in kbytes per tx, like quantumproof signatures). L2 solutions are only* needed in the short and mid term, as block sizes can't grow too big right now without centralizing bitcoin, yet txs/sec must increase.

* L2 solutions might also be needed for adding more functionality, beyond txs.

20 years is too much of a long term... It's pointless we even speculate on that. But 3-5 years from now, L2 will be everywhere because it's the only way to make Bitcoin a real payment system. Not only because of number of transactions, but because we can have inmediate transactions via L2 instead of 10 min delay of L1.

Either we will have L2 in place soon (max 1 or 2 years from now) or Bitcoin adoption as payment system is not going to happen.

What Jihan BU should do is stop whining and work towards the future of Bitcoin. He (and other BIG miners) are in a privileged position to also get a good piece of the L2 cake. That way he can profit of both L1 and L2.

I don't have any problem in him also profiting from that. But he should move his lazy ass and start a new venture towards setting up an L2 hub (which might even be a big joint venture of chinese miners).



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March 20, 2017, 09:27:44 PM

Blocksize was never meant to be some resource that could be controlled by anybody.

Let Bitcoin scale already.

Make Bitcoin Great Again!



Finally, you make one out of three points that makes some sense.  

1mb blocksize limits is the current state of bitcoin.. that is correct, and bitcoin was not meant to be easily changed.  Therefore, 1mb blocksize limits seem to be the status quo going forward until there is some kind of convincing evidence and/or argument(s) that allows for it to be adapted in some kind of way, whether that is through seg wit or blocksize increases or any other "scaling" way forward.
What's your angle?

My angle meaning what?

I already stated what I thought, no?

In essence, I agree with any point that the current bitcoin system is established as a secure decentralized immutable way to store and transfer value.  If what bitcoin "is" is undermined by some kind of centralized system or manipulation or FUD that allows for such undermining of bitcoin "as it is", then that would be problematic.  

My angle remains that XT, Classic and now BU are either aimed or have effects that are attempting to undermine bitcoin "as is"... ... so we will see how all of that plays out, and whether bitcoin is going to be able to preserve its value in one form or another regarding a secure decentralized and immutable system that allows for the storage and transferring of value
Okay let's remove any possibility of ambiguity then.

Are you against increasing the transfer capacity of the bitcoin network, yes or no? Just yes or no.
no
So why do you want to stay at the current 1 MB? You can't have it both ways.

First of all.  You edited out my answer.
I made your answer concise as I requested and you ignored. Your victim card is revoked. And look, here I am editing you again!

If you don't show respect you do not get respect. Just how things are.

I am just a random user / poster here.
I have logged in a few days back (please see my posting history) after years.
But I did have JayJuanGee on ignore since I had been very active a few years back. For a reason apparently.
Please do not reply to this moron.
Thank you.
JayJuanGee
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March 20, 2017, 09:50:21 PM

Blocksize was never meant to be some resource that could be controlled by anybody.

Let Bitcoin scale already.

Make Bitcoin Great Again!



Finally, you make one out of three points that makes some sense.  

1mb blocksize limits is the current state of bitcoin.. that is correct, and bitcoin was not meant to be easily changed.  Therefore, 1mb blocksize limits seem to be the status quo going forward until there is some kind of convincing evidence and/or argument(s) that allows for it to be adapted in some kind of way, whether that is through seg wit or blocksize increases or any other "scaling" way forward.
What's your angle?

My angle meaning what?

I already stated what I thought, no?

In essence, I agree with any point that the current bitcoin system is established as a secure decentralized immutable way to store and transfer value.  If what bitcoin "is" is undermined by some kind of centralized system or manipulation or FUD that allows for such undermining of bitcoin "as it is", then that would be problematic.  

My angle remains that XT, Classic and now BU are either aimed or have effects that are attempting to undermine bitcoin "as is"... ... so we will see how all of that plays out, and whether bitcoin is going to be able to preserve its value in one form or another regarding a secure decentralized and immutable system that allows for the storage and transferring of value
Okay let's remove any possibility of ambiguity then.

Are you against increasing the transfer capacity of the bitcoin network, yes or no? Just yes or no.
no
So why do you want to stay at the current 1 MB? You can't have it both ways.

First of all.  You edited out my answer.
I made your answer concise as I requested and you ignored. Your victim card is revoked. And look, here I am editing you again!

If you don't show respect you do not get respect. Just how things are.


In other words, you are a fucking idiot, and don't have enough balls to deal with actual substance, so you remove substance in order to attempt to frame the argument and the issues to your own fantastical preferences.

Another way of describing your behavior is trolling - which is putting out talking points and failure/refusal to engage with the substance of other posters (mio included).   Roll Eyes



JayJuanGee
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March 20, 2017, 09:55:40 PM


[edited out]


I am just a random user / poster here.
I have logged in a few days back (please see my posting history) after years.
But I did have JayJuanGee on ignore since I had been very active a few years back. For a reason apparently.
Please do not reply to this moron.
Thank you.

Do you have any kind of substantive contribution that you would like to make to this line of discussion, Vortex1878, or do you just want to chime in with non-substantiated, admittedly non-informed and conclusory remarks about character?

Ibian
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March 20, 2017, 10:58:55 PM


[edited out]


I am just a random user / poster here.
I have logged in a few days back (please see my posting history) after years.
But I did have JayJuanGee on ignore since I had been very active a few years back. For a reason apparently.
Please do not reply to this moron.
Thank you.

Do you have any kind of substantive contribution that you would like to make to this line of discussion, Vortex1878, or do you just want to chime in with non-substantiated, admittedly non-informed and conclusory remarks about character?
Nobody likes you.

There is no bubble.
Ted E. Bare
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Bear with me


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March 20, 2017, 11:03:31 PM

Be nice to each other dear bitcoiners. Kiss

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March 20, 2017, 11:07:51 PM

no more mr nice guy

active BU OR ELSE!
Ibian
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March 20, 2017, 11:14:59 PM

Be nice to each other dear bitcoiners. Kiss
Any time you start a thought with "it would be nice if..." that thought is wrong. Not always fun, but that is how the world works.

There is no bubble.
JayJuanGee
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March 20, 2017, 11:32:41 PM


[edited out]


I am just a random user / poster here.
I have logged in a few days back (please see my posting history) after years.
But I did have JayJuanGee on ignore since I had been very active a few years back. For a reason apparently.
Please do not reply to this moron.
Thank you.

Do you have any kind of substantive contribution that you would like to make to this line of discussion, Vortex1878, or do you just want to chime in with non-substantiated, admittedly non-informed and conclusory remarks about character?
Nobody likes you.

Just like a troll to figure out any possible way to stray from any kind of somewhat relevant topic.....   Roll Eyes


But let me attempt to respond to the admittedly non-relevant subject that you raise:

1) I'm going to affirmatively assert that my mom likes me, and she has even told me so in a convincing way.  Wink

2) Over the past three years, there have been one, two and possibly more posters who actually posted that they liked me.  At the moment, I cannot remember the exact context and I cannot find the post in which each made such representation(s), but I will state, without reservation, that what I say is true and I could prove it, if I had a week to sort through posts.   Tongue

deepcolderwallet
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March 20, 2017, 11:39:56 PM

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

Well, tell Jiham to f*ck himself! Chinese miners were the only responsible for the dump, once they became afraid of the real threat of a HF and ran against the clock to try to save their investment in mining by dumping their stash. So they CASHED and they care nothing about Bitcoin, they only think about profiting, it's just another business for them.
They see West as fools and dreamers, wishing to have a unruled currency, BUT THEY ARE TRYING TO RULE Bitcoin!
WE CANNOT LET THIS HAPPEN, otherwise this will be the DEATH of Bitcoin, or Bitcoin will become another ruled currency.
Ruled by those who stole Satoshi's dream when they realised they had cheap manufacturing, cheap energy, and there were millions of people willing to catch the Bitcoin train to escape Central Banks Fiat currencies.

WE SHALL NOT LET THE CHINESE MINERS CONTROL BITCOIN.

A Hard Fork is preferable, so we just dump china out and go ahead finding less greedy solutions to scalability.

BE PREPARED for another large scale dump. Real investors see only one way to conclude this attempt of kidnapping Bitcoin:

Hard Fork, so the disgraced chinese have their own worthless currency ready to be stick up on their ass*s. This is preferable because Bitcoin will remain FREE as proposed by Satoshi, although it's value will sink for a few months because the chinese will try to sell everything they have. And we shall not be stupid to buy.


AND WE NEED ANOTHER WAY TO MINE, TO PREVENT A COUNTRY WITH ENSLAVED WORK FORCE AND SUBSIDED ENERGY TO ENGAGE A 51% ATTACK!


deepcolderwallet
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March 20, 2017, 11:49:06 PM

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.  All you're doing is describing a king trying to force people off a metals content based currency and onto a fiat currency.  Your argument has no point because nothing actually happened to change the metal.  It's still sitting there the same as before, just someone attempted to steal it through debasement.  Debasing is the same thing as shaving - physically removing a quantity.  Nothing about the metal actually "forked".


So you started talking about elements on periodic table? WELL THAT'S LAUGHABLE! We're here talking about MONEY, CURRENCIES AND FIAT. When the king creates a second coin with half of the precious metal it had before and claims it has the same value, WELL, TO ME HE JUST DID FORK THE CURRENCY.
You have two currencies, the first more valuable and far more accepted and the second debased which the people are not likely to accept, except for less value.

"Elements on periodic table" are so out of context I cannot understand how you started so well saying we are less skilled ForEx traders and you end up like that!
MinermanNC
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Somewhere in Crypto Land :)


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March 20, 2017, 11:53:11 PM

At the end of the day, the Chinese Mining farms will put BU into action should they so decide to. Regardless of how we all feel in here either way about it. If they did create the longer chain.... hence, to keep or have just one BTC coin only, do we really have a choice at that point other than to get onboard with it? ... just thinking lol

unless of course some want 2 coins  Huh lol

I also don't think should the worst happen, it will be the end of Bitcoin either  Shocked

*BTC: 1DiR25SPo84sThzTATr27EZEQZLt6hv6tG *EXP: 0xf1f1305ab36192e6469e7adba775d4c7b34b92ef  *SIA: 0007745f6d281206eff06bbeb6c054cf07dd19294e25b5514dbec2205442574e5cb51cea2df8
deepcolderwallet
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March 20, 2017, 11:55:21 PM

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.

THIS!!!
I could not put in words the actual state of Bitcoin better than you did.
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March 21, 2017, 12:16:19 AM

At the end of the day, the Chinese Mining farms will put BU into action should they so decide to. Regardless of how we all feel in here either way about it. If they did create the longer chain.... hence, to keep or have just one BTC coin only, do we really have a choice at that point other than to get onboard with it? ... just thinking lol

unless of course some want 2 coins  Huh lol

I also don't think should the worst happen, it will be the end of Bitcoin either  Shocked

And here we can contemplate the voice of chinese miners!

NO, MY FRIEND!

I know you miners already started threatening and making a lot of noise, and I know you will do even more noise, but the truth is that WE ARE NOT TRADING OUR DIGNITY FOR PROFIT!
Bitcoin is far more an investment, a currency or whatever. Bitcoin is FREEDOM.

WE ARE NOT TAKING IT FROM CHINA! You can fork, you can have all your Buttcoin ruled by the greedy miners, this just WILL NOT BE OUR CURRENCY!

I prefer seeing Bitcoins Market Cap falling to less than 1 billion (that will never happen anymore, just saying) than having it in hands of people worse than my government.
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March 21, 2017, 12:45:00 AM

All these advocating for a hard fork are clueless, they have no idea how mercenary the miners are due to the amounts of money they are outlaying continuously on electricity and other costs. The profitability calculations includes chain difficulty and price.

Cut that bullshit, chinese miner! We all know how cheap it is to assemble an ASIC in china and how cheap is electricity there. Many steal power instead of paying. Go away with your disinformation!
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#free software


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March 21, 2017, 12:51:03 AM

no more mr nice guy

active BU OR ELSE!


#makebitcointalkgreatagain-_-*my posts are strictly for entertainment purposes only. It should not be regarded as investment/trading advice.*advocate to promote free services for bitcoin community
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