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

[Meuh6879]

$5000 inkominggggg    weeeeeeeeeeeeeeeeeee!!!!!

I'm ready ... too.

[Meuh6879]

Backup are here.

[B1tUnl0ck3r]

Still waiting for the 10mb block... I am sure that it wouldn't reduce the fees too much as there would be 10 times more txs per block. And then move to 100mb block... and then 1 GB block ( 7000 tps).

What's the size of the mempool?

Which is why the Lightning network is also necessary, Bitcoin as is cannot sustain itself. Not enough TPS to sustain itself with a low block reward. New users look at the fees and go you know what I'll use something else.

at least we agree on the problem : not enough tps. saying that excluding the fees. I agree it's problematic to modify the blocksize. But 7 tps is quite low for a worldwide system.

my problem with lightning is that it's another layer of instability / security issue. I find way more simple to raise the block size and if you look at internet connectivity or harddrive space or processing power since 2009 there has been a big increase in performance. Today a 100mb block wouldn't hurt anyone. but to be more gradual a 10 mb is nothing special.

who will control the lightning network? with a 10 /100 /1000 mb block consensus there shouldn't be any more problem as of now.

I agree a move to bigger blocks solves a lot of problems - I would like both big blocks and other solutions, and a long term pathway to deal with things as usage expands (and the moon on a stick )
We are still using a network that was inefficient with 1mm wallets in 2014 when we now have close to 14.5mm wallets open

I am not against others solution on top of the chain. but just that the main chain should be usable without any addons. if users want a lightning what ever options next to it, I don't care but just that if their system has a systemic failure it doesn't impact the main chain but just the users of the optional layers.

Make bitcoin great again .

[toknormal]

I am not against others solution on top of the chain. but just that the main chain should be usable without any addons.....Make bitcoin great again .

There is a fork of Bitcoin that's doing that. It's called Dash.

[luckygenough56]

are you holding your breath ?

[B1tUnl0ck3r]

I am not against others solution on top of the chain. but just that the main chain should be usable without any addons.....Make bitcoin great again .

There is a fork of Bitcoin that's doing that. It's called Dash.

sadly the instamine is too much for me to bear (as such pivx) and the asics are less devellopped as sha2. So it's a no no.

Backup are here.

otherwise it's

[savetherainforest]

What is happening 😱

Thanks just bought another 100 Bitcoin  

And this...




Move along people... ... (p.s. I will ask later as well as other will do!!! ... : "Who sold at the bottom??" )

[becoin]

Thank you for the cheap coins. I love this game.

[Paashaas]

If you wanna buy...BUY now!

[toknormal]

sadly the instamine is too much for me to bear

That is just silly if I may say so. It's an asset not a religion.

The work being done there is a perfect hedge to bitcoin and there's possibly no better balanced team of people in crypto. I remember a short demonstration from about 2 years ago where the dev showed a proof of concept of thousands of TPS at the time.

The significance it has for bitcoin is that a large portion of the bitcoin holding population are unhappy about the separation of two of the key monetary properties: Store of value and Medium of Exchange. Amongst all the rabble and noise, you rarely hear this debate couched in monetary terms - i.e. in terms of properties of money. That is where the real issue lies.

Maintaining a conscious awareness of such design priorities and sticking to them is what will deliver an optimal solution IMO. Bitcoin have long thrown in the towel on this - it's all going offchain. Complaining about the "instamine" by comparison is like being concerned with the colour of the  lifeboat rather than whether it floats. This is crypto. They're all an "instamine scam" as far as the 99% of the world's population not yet invested is concerned.

[Denker]

Thank you for the cheap coins. I love this game.

As long as we build new higher lows everything is fine.
Still bullish here and believe we could move to $3000+ before August 1st.
We had a crazy run the last 8 weeks! Always with some 10-25% dumps to cool down and prevent overheating.
I think this time it is not different.

[BlindMayorBitcorn]

We all backed the wrong horse. How did this happen? Is this Roger Ver cashing out of BTC into ETH?

Social engineering of the blind sheeple masses is apparently working to a "T". Soon Govcoin will have everyone under their spell.

Run along and join them, little sheep. <Baaaahh>

What are you implying? Making more BTC would have been against your principles?

[YourMother]

Hm? The guy spent most of his time as I recall ridiculing Bitcoin and insulting everyone in sight like an autistic tourettes kid.

Thank me for that!

If it wasn't for me and a few others, this thread would have forever been a bore fest. Nothing but shill talk and stupid charts. Those were the funniest years this thread ever had, if not the entire bitcointalk forum.

Perhaps you aren't aware that people of low self-esteem are more like to experience schadenfreude.  If you've done well by bitcoin, take pleasure in that rather than the misfortune of those who didn't listen to you.  Otherwise, they still win.

The pleasure comes in short bursts because most of the time i feel sadness for them. There's a reason why i was begging everyone i knew to invest in this technology. I wanted to make them as wealthy as me. (both intellectually and financially)



 

[79b79aa8d5047da6d3XX]

They're all an "instamine scam" as far as the 99% of the world's population not yet invested is concerned.

except bitcoin isn't.

[toknormal]

They're all an "instamine scam" as far as the 99% of the world's population not yet invested is concerned.

except bitcoin isn't.

Yes it is - the biggest of all.

[Dabs]

Yes, it looks like value investing is worthless here.

.... But we are gambling, not really investing in real business, so.... ok, maybe another little bit of change into it....  I am starting to feel like in Las Vegas now

It's not "worthless", it's just a gamble. There is a good chance you make back at least what you invested. It's much better than playing dice with 50% chance to lose.

I used to do modeling and simulation of military networks and was given a new MOSPF (Multicast Open Shortest Path First) protocol

It wasn't Cisco or Huawei?

[toknormal]

https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-804c9a906d36

[Torque]

https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-804c9a906d36

I know, right?

Feels to me just like the 'dot com' bubble all over again. And right before we have a huge world market correction coming soon^tm, just like when the dot com bubble burst. This complete wipeout is going to be epic.

[mymenace]

They're all an "instamine scam" as far as the 99% of the world's population not yet invested is concerned.

except bitcoin isn't.

Yes it is - the biggest of all.

no fiat is bigger, and instamined out of thin air, even better

[pfrtlpfmpf]

If you wanna buy...BUY now!

They took my completely ridiculous order, sometimes it pays to go crazy all out.
Now we can go for 3000 ! I love it.