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

[Holliday]

ya its really kind of annoying both sides are so hard headed and we are stuck in the middle.

It's because the differences are much greater than you are making them out to be, and they are fundamental differences, not simply differences of implementation.

what part of BU wants to allow  a TXID fix so that LN can work did you not understand?

That does nothing to address the fundamental differences I'm talking about.

[Spaceman_Spiff]

segwit nearly at 30% now.
only 30% is not voting for either BU or segwit.
imo we should just HF a new rule that says miners MUST be signaling for either BU or segwit
whoever ends up with >51% == winner
losers just deal with it and fallow suit.

Why do we need a winner? Why does anyone have to follow suit?

Why is voting for the status quo wrong? The people who want the status quo aren't allowed to have an opinion?

If the network was truly divided 51%/49%, wouldn't it be better for everyone if these two sides just went their separate ways instead of having a large minority of pissed off people?

Why should we turn monetary freedom into mob rule?

While I think yours is the opinion of a minority of bitcoiners, I think this sentiment is nevertheless present in a significant amount of people, especially quite early adopters and more "hardcore" bitcoiners.
The problem I have with this stance is that it assumes that bitcoin will always be the default choice for hard currency, that it won't be outcompeted because its history and network effect will remain sufficient despite​ the network being unable to scale further from the current relatively minor userbase when other currencies might reach networks able to process transactions for all of humanity.

Don't get me wrong, I want bitcoin to be a safe and reliable currency, I am not in the "move fast and break stuff" crowd.  However, a complete inability to evolve will result in being outcompeted I think.

[Killerpotleaf]

ya its really kind of annoying both sides are so hard headed and we are stuck in the middle.

It's because the differences are much greater than you are making them out to be, and they are fundamental differences, not simply differences of implementation.

what part of BU wants to allow  a TXID fix so that LN can work did you not understand?

That does nothing to address the fundamental differences I'm talking about.

what is this fundamental differences?

both want LN
both want more block space

the only difference is how they go about getting that...

[conspirosphere.tk]

Main thing for me is, in the end I want only one coin. This talk of 2 chains is ridiculous.

2 coins would at least put an end for good to this endless drama.
The market will sort out the good coins from the bad ones.

[HI-TEC99]

Main thing for me is, in the end I want only one coin. This talk of 2 chains is ridiculous.

2 coins would at least put an end for good to this endless drama.
The market will sort out the good coins from the bad ones.

I don't think there will ever be enough consensus for a fork. However, if there is one then doesn't it mean all Bitcoin holders can double their money, provided the price stays the same?

If we keep coins on one chain we can choose to sell the coins on the other forked chain. That way we get to keep our stash and get a shitload of cash too.

[Spaceman_Spiff]

Main thing for me is, in the end I want only one coin. This talk of 2 chains is ridiculous.

2 coins would at least put an end for good to this endless drama.
The market will sort out the good coins from the bad ones.

I don't think there will ever be enough consensus for a fork. However, if there is one then doesn't it mean all Bitcoin holders can double their money, provided the price stays the same?

If we keep coins on one chain we can choose to sell the coins on the other forked chain. That way we get to keep our stash and get a shitload of cash too.

Except of course the price won't stay the same.

[European Central Bank]

If we keep coins on one chain we can choose to sell the coins on the other forked chain. That way we get to keep our stash and get a shitload of cash too.

or a shitload of nothing? there's a few thousand old schoolers. the rest are scared and greedy kids.

[Arcteryx]

I've said this before, but there is really nothing we can do about it, other than bitch scream and kick and voice our opinions, unless you have a very large mining farm

Main thing for me is, in the end I want only one coin. This talk of 2 chains is ridiculous.

So the rapper was right.
Two Chainz!

Somebodys got to make a meme of that when it does split into two different opposite directions.

[HI-TEC99]

Main thing for me is, in the end I want only one coin. This talk of 2 chains is ridiculous.

2 coins would at least put an end for good to this endless drama.
The market will sort out the good coins from the bad ones.

I don't think there will ever be enough consensus for a fork. However, if there is one then doesn't it mean all Bitcoin holders can double their money, provided the price stays the same?

If we keep coins on one chain we can choose to sell the coins on the other forked chain. That way we get to keep our stash and get a shitload of cash too.

Except of course the price won't stay the same.

But it would have to crash to half its current value before we lose out, and for all we know people might start buying in anticipation of getting double coins.

[Killerpotleaf]

Main thing for me is, in the end I want only one coin. This talk of 2 chains is ridiculous.

2 coins would at least put an end for good to this endless drama.
The market will sort out the good coins from the bad ones.

I don't think there will ever be enough consensus for a fork. However, if there is one then doesn't it mean all Bitcoin holders can double their money, provided the price stays the same?

If we keep coins on one chain we can choose to sell the coins on the other forked chain. That way we get to keep our stash and get a shitload of cash too.

the market will find its initial balance which will likely be such that your BCC + BCU  ~= (BTC value today +or-10%)
then BCC /BCU markets will move with a inverse correlation.

[European Central Bank]

But it would have to crash to half its current value before we lose out, and for all we know people might start buying in anticipation of getting double coins.

that's the type of thing you'd do with an alt because ultimately it doesn't matter. with bitcoin a proper split really would matter. i've no idea what people would do in that scenario but it's probably not gonna be positive.

[PoolMinor]

I've said this before, but there is really nothing we can do about it, other than bitch scream and kick and voice our opinions, unless you have a very large mining farm

Main thing for me is, in the end I want only one coin. This talk of 2 chains is ridiculous.

So the rapper was right.
Two Chainz!

Somebodys got to make a meme of that when it does split into two different opposite directions.

Guess which frog represents BU?

[becoin]

Main thing for me is, in the end I want only one coin. This talk of 2 chains is ridiculous.

2 coins would at least put an end for good to this endless drama.
The market will sort out the good coins from the bad ones.

I don't think there will ever be enough consensus for a fork. However, if there is one then doesn't it mean all Bitcoin holders can double their money, provided the price stays the same?

Price will not stay the same! BUcoin price will crash immediately as a result of oversupply, everybody will sell it. The price of Bitcoin will shoot up to the moon firstly, because everybody will convert BUcoins into Bitcoins and secondly, because there will be no obstacles anymore to implement segwit, LN and sidechains.

[Wexlike]

I'm all in, wake me up in 12 months. 

[petahashminer]

I've said this before, but there is really nothing we can do about it, other than bitch scream and kick and voice our opinions, unless you have a very large mining farm

Main thing for me is, in the end I want only one coin. This talk of 2 chains is ridiculous.

So the rapper was right.
Two Chainz!

Somebodys got to make a meme of that when it does split into two different opposite directions.

Guess which frog represents BU?

lol the frog which is on the right?

[HI-TEC99]

Main thing for me is, in the end I want only one coin. This talk of 2 chains is ridiculous.

2 coins would at least put an end for good to this endless drama.
The market will sort out the good coins from the bad ones.

I don't think there will ever be enough consensus for a fork. However, if there is one then doesn't it mean all Bitcoin holders can double their money, provided the price stays the same?

Price will not stay the same! BUcoin price will crash immediately as a result of oversupply, everybody will sell it. The price of Bitcoin will shoot up to the moon firstly, because everybody will convert BUcoins into Bitcoins and secondly, because there will be no obstacles anymore to implement segwit, LN and sidechains.

So we get to keep all our coins, sell the fork's coins for a fair amount of cash, and the coins we hold shoot up to the moon in value?

That sounds like the kind of sweet deal that will entice speculators to buy in advance.

[becoin]

The future of Bitcoin is bright either way, BUcoin HF or not. I'm using every possibility to increase my Bitcoin stash, the cheaper the better!

[leowonderful]

The future of Bitcoin is bright either way, BUcoin HF or not. I'm using every possibility to increase my Bitcoin stash, the cheaper the better!

Can't say this enough. The chances of a fork in either direction are relatively low, but once we get past this issue price will rise back up, no matter how slowly or quickly. I wouldn't go all out on buying just yet to see if we've hit bottom yet, but buying soon would be a good idea; this trend is not going to be long-term because of the root of the issue.

[HI-TEC99]

The future of Bitcoin is bright either way, BUcoin HF or not. I'm using every possibility to increase my Bitcoin stash, the cheaper the better!

Something strange is happening. Btc-e moved up to second place for USD volume, and it's price is $10 higher than bitfinex's, which is itself $10 higher than bitstamp's. Somebody's  increasing their Bitcoin stash on btc-e.

[bit815792215]

The future of Bitcoin is bright either way, BUcoin HF or not. I'm using every possibility to increase my Bitcoin stash, the cheaper the better!

Something strange is happening. Btc-e moved up to second place for USD volume, and it's price is $10 higher than bitfinex's, which is itself $10 higher than bitstamp's. Somebody's  increasing their Bitcoin stash on btc-e.

More likely it's just not being used to increase the increasing artificial short float