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

[Elwar]

Ok, I really hate to ask here since I hate blocksize debate in this thread but this would affect price projections.

When Segwit was released, wasn't there a time limit of one year to reach 95% put on it? Or am I quite confused? If not, what is the date?

Also, here is an awesome video of a LN client being tested:
https://www.youtube.com/watch?v=v68npliVCWw

I want to set up a LN node right now!

[BitcoinNewsMagazine]

Ok, I really hate to ask here since I hate blocksize debate in this thread but this would affect price projections.

When Segwit was released, wasn't there a time limit of one year to reach 95% put on it? Or am I quite confused? If not, what is the date?

Also, here is an awesome video of a LN client being tested:
https://www.youtube.com/watch?v=v68npliVCWw

I want to set up a LN node right now!

From https://bitcoincore.org/en/2016/10/27/release-0.13.1/

If segwit has not activated by the end of one retarget period after 15 November 2017, segwit will cease to be eligible for activation.

[Holliday]

unless it's a lose-lose game.
If there is no bomb-proof protection from replay attacks (and there is not afaik) you could not move your coins on a chain without risking that they get moved on the other:
https://themerkle.com/what-is-a-bitcoin-replay-attack/

I have no worries about being able to disassociate coins if we experience a contentious hard fork because of BU.

Tainting with coin base rewards is certainly a bomb-proof method to disassociate coins. Due to the very nature of a hard fork (not backwards compatible), coin base rewards on the new chain will never be valid on the old chain (old clients don't accept those rules), so any transaction created which includes a coin base reward from the new chain will never be valid on the old chain. Bomb-proof.

As far as the other method I mentioned earlier in this thread, it's not quite as bomb-proof, it would require the entire chain being rewritten back to your transaction which disassociated those coins. Of course, this applies to any transaction which uses a block chain. Wait for as many confirmations as necessary (which during a contentious hard fork, where both chains use the same proof of work, would be far more than usual).

[Elwar]

From https://bitcoincore.org/en/2016/10/27/release-0.13.1/

If segwit has not activated by the end of one retarget period after 15 November 2017, segwit will cease to be eligible for activation.

That is unfortunate. Thank you for the info.

I can see the eventuality that we will some day have 95% use of the new Core wallet but even the few stragglers plus the disgruntled will easily be able to keep it under 95% by November.

Hopefully LN can work toward code that does not require Segwit even though I know it is much more complicated.

[promomei]

Hey guys  
Is it save now to keep BTC on blockchain info
and what happens with it after fork  

Just make sure you have your keys. Blockchain.info lets you access them. Do it and keep them somewhere safe

ok ty  
crazy stuff is going on with this unlimited  bitcoin

I'm still very unclear of the odds of it actually happening. Vinny Lingham had some interesting insights earlier. https://vinnylingham.com/the-power-of-the-invisible-hand-56efaedfb544#.19bmedhhn
It seems it was pretty controversial, so I'm just reading his follow up.

nice article    ty
Did you heard that Roger Ver  «Loaded»  will Change his BTC for BTU   he got like 130k

[gentlemand]

From https://bitcoincore.org/en/2016/10/27/release-0.13.1/

If segwit has not activated by the end of one retarget period after 15 November 2017, segwit will cease to be eligible for activation.

That's looking like a guaranteed non activation then. If Litecoin can't manage it then there's no chance its daddy can either.

Looks like I'll be switching to Groessselllcoin or whatever then for my Segwit fix.

[Tzupy]

...
If segwit has not activated by the end of one retarget period after 15 November 2017, segwit will cease to be eligible for activation.

So we have time until November to reach 2k$ or higher, then doom (because the fuckin' miners won't let Segwit happen)... good to know.

[gentlemand]

So we have time until November to reach 2k$ or higher, then doom (because the fuckin' miners won't let Segwit happen)... good to know.

I wonder what the sentiment on the day will be. Will there be mass wailing? Barely a comment? Will there be a dead sexy alternative? Will the majority have forged something new together?

[york780]

...
If segwit has not activated by the end of one retarget period after 15 November 2017, segwit will cease to be eligible for activation.

So we have time until November to reach 2k$ or higher, then doom (because the fuckin' miners won't let Segwit happen)... good to know.

no segwit means crash? Or fork? Or both? Man why is there always something to screw the btc price

[Biodom]

nice article    ty
Did you heard that Roger Ver  «Loaded»  will Change his BTC for BTU  he got like 130k

you got it exactly backwards:
"Loaded" challenged Roger ("MemoryDealers") to give him, "Loaded", Roger's BTC in exchange for Loaded's BTU (if it ever come to pass).
So, "Loaded" thinks BTC/core will prevail.
Roger thinks that BU/BTU will prevail.

My comments and prediction:
Loaded is a VERY serious money, possibly a VC (who knows, maybe it is Tim Draper).
Roger will chicken out of the deal, most definitely.
If old money want to completely crush him, they will do so.
https://youtu.be/lKelkOC7cmo?t=59

[BrewMaster]

...
If segwit has not activated by the end of one retarget period after 15 November 2017, segwit will cease to be eligible for activation.

So we have time until November to reach 2k$ or higher, then doom (because the fuckin' miners won't let Segwit happen)... good to know.

no segwit means crash? Or fork? Or both? Man why is there always something to screw the btc price

because most people who are trading (playing at trading) are not level headed people. and you can always find "some thing" to mess with their heads and control their actions to your own advantage.

today it is fork and tomorrow it will be something new and next day another thing. learn to ride the waves

[bartolo]

You will always earn more buying at 1000 and selling a 1500 than buying at 1500 and selling at 2000.

[CalCoins]

You will always earn more buying at 1000 and selling a 1500 than buying at 1500 and selling at 2000.

Percentage wise on capital used?  Because otherwise it looks the same to me, unless I'm missing something.

[Globb0]

50% vs 33%

[york780]

How is it even possible that BU has got 50% if all the people on this forum hate it? Are the miners those 50% or do i miss a whole lot of BU supporters?

[jofus]

Look at the price right now amid all this FUD about the fork and scaling.  Imagine if we would have had a solution right now.  I have no doubt we would be sitting at 2k$.

[BitcoinNewsMagazine]

How is it even possible that BU has got 50% if all the people on this forum hate it? Are the miners those 50% or do i miss a whole lot of BU supporters?

They do not. BU has 38.6% vs SegWit 28.2% see https://coin.dance/blocks

[york780]

How is it even possible that BU has got 50% if all the people on this forum hate it? Are the miners those 50% or do i miss a whole lot of BU supporters?

They do not. BU has 38.6% vs SegWit 28.2% see https://coin.dance/blocks

ah thanks! But what happens if we just stay with CORE and dont use BU nor SegWit? Would the price stagnate because of no scaling solution found?

[bikerleszno]

Price will explode because it is just waiting for end of this story. Now everyone are worries. If they will know there will not be hardfork they will be sure to buy more and rebuy what they sold so price will fly very fast to 1500$ i feel.

[becoin]

How is it even possible that BU has got 50% if all the people on this forum hate it? Are the miners those 50% or do i miss a whole lot of BU supporters?

They do not. BU has 38.6% vs SegWit 28.2% see https://coin.dance/blocks

ah thanks! But what happens if we just stay with CORE and dont use BU nor SegWit? Would the price stagnate because of no scaling solution found?

That's the hope of many people. They hope to buy back the bitcoins they sold out. I feel sorry for this unfortunate group.