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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26336688 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 1 users with 9 merit deleted.)
gentlemand
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June 19, 2017, 06:41:36 PM

The segwit2x signaling is just symbolic at this point. They're just signalling that they're going to signal for segwit.

I wonder if there'll be signalling fuckery a la Litecoin in an attempt to milk even more money. I suppose UASF is the thing lurking in the background to dampen that.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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rjclarke2000
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June 19, 2017, 06:46:00 PM


Pools not signaling for segwit2x:

Canoe
Kano CKPool
Slush Pool
BTCC
GBMiners



You want I should "take care of them"?


So guys, why won't these signal for segwit2x? What's the reason for this? Are they outnumbered?

Just trying to understand all this. I get the bit no one wants a hard fork, we don't need messy.
bitserve
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June 19, 2017, 06:47:35 PM

Today is a happy day. We are finally very close to a non-contentious solution for the scaling drama of this past years.

Let's see how everything evolves from this point on, but the prospects have never been this good before.
bitserve
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June 19, 2017, 06:48:24 PM


Pools not signaling for segwit2x:

Canoe
Kano CKPool
Slush Pool
BTCC
GBMiners



You want I should "take care of them"?


So guys, why won't these signal for segwit2x? What's the reason for this? Are they outnumbered?

Just trying to understand all this. I get the bit no one wants a hard fork, we don't need messy.

They probably will. They are just lagging in signaling their position. Did you closely observe how the Litecoin signaling evolved until the 100% miners signaling SW? It's perfectly normal.

Yesterday night, only Bitfury was signaling Segwit2x, now look... give em some time.
lost_in_base
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June 19, 2017, 06:55:06 PM


Pools not signaling for segwit2x:

Canoe
Kano CKPool
Slush Pool
BTCC
GBMiners



You want I should "take care of them"?


So guys, why won't these signal for segwit2x? What's the reason for this? Are they outnumbered?

Just trying to understand all this. I get the bit no one wants a hard fork, we don't need messy.

They probably will. They are just lagging in signaling their position. Did you closely observe how the Litecoin signaling evolved until the 100% miners signaling SW? It's perfectly normal.

Yesterday night, only Bitfury was signaling Segwit2x, now look... give em some time.
As you can see most of them are segwit supporters signaling bip 141.
They are only sleeping!

BitClub to add into sleepers
r0ach
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June 19, 2017, 07:09:15 PM
Last edit: June 19, 2017, 07:26:09 PM by r0ach

Today is a happy day. We are finally very close to a non-contentious solution for the scaling drama of this past years.

Totally wrong.  Nothing has changed at all and it's still the same old parties having the same old positions.  A contentious Chinese/Jihan Wu fork (only with Barry Silbert added to the mix) vs the other Bitcoin core people:

https://pbs.twimg.com/media/DCTgqEBXYAQBgNI.jpg:large

If you're trying to trade this, it's leaning far more towards a fork disaster than non-contentious fork.

*disclaimer:  I am neither attempting to long or short it myself.
BlindMayorBitcorn
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June 19, 2017, 07:11:52 PM


Pools not signaling for segwit2x:

Canoe
Kano CKPool
Slush Pool
BTCC
GBMiners



You want I should "take care of them"?

See to it BlindMayorBitcoin.

I want them swimming with the fishes.

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June 19, 2017, 07:24:16 PM

Today is a happy day. We are finally very close to a non-contentious solution for the scaling drama of this past years.

Totally wrong.  Nothing has changed at all and it's still the same old parties having the same old positions.  A contentious Chinese/Jihan Wu fork (only with Barry Silbert added to the mix) vs the other Bitcoin core people:

https://pbs.twimg.com/media/DCTgqEBXYAQBgNI.jpg:large

If you're trying to trade this, it's leaning far more towards a fork disaster than non-contentious fork.

Why keep on posting 5 days old tweet? and snapshots like it was posted  just now

Are you saying bitmain will fool us by signaling and then move into own little fork chain?

As i write this there is:
80% segwit2x support for last 40 blocks!

47.2% for 144 blocks

Bitmain will make no difference atall, they too small to make it anymore.
bitserve
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June 19, 2017, 07:35:32 PM

Today is a happy day. We are finally very close to a non-contentious solution for the scaling drama of this past years.

Totally wrong.  Nothing has changed at all and it's still the same old parties having the same old positions.  A contentious Chinese/Jihan Wu fork (only with Barry Silbert added to the mix) vs the other Bitcoin core people:

https://pbs.twimg.com/media/DCTgqEBXYAQBgNI.jpg:large

If you're trying to trade this, it's leaning far more towards a fork disaster than non-contentious fork.

*disclaimer:  I am neither attempting to long or short it myself.

Can you elaborate more on your point? I have already read that and many other twitter/reddit comments that have been posted for the past months.

Let's focus on current status:

- It looks like Segwit2x will pass, maybe even with almost 100% miner support.
- Segwit2x includes Segwit: Good.
- Segwit2x includes a 2MB block size increase soon after: Good. I hate HF's but an almost unanimous HF for a fixed reasonable 2x increase is also ok to me. More so if it is executed with almost 100% miner support.
- I see it as a reasonable compromise. Also, and most importantly, it is PERCEIVED as a reasonable compromise for most of the parties in this "battle".
- It avoids BU, which is an ABOMINATION.
- It avoids UASF, which could be a fucking disaster.

Well, I could go on... But... can you tell me whats the wrong thing about this move?

I don't see why it is "the same old parties having the same old positions". Why do you consider so?

Disclaimer: I am not exactly trying to trade this... But it will for sure influence my trades which, anyway, are almost all the time long for the majority of my trading funds. I only do actively trade a little portion around 25-30% to keep increasing my long term stash.
gentlemand
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June 19, 2017, 07:54:24 PM

Disclaimer:

Disclaimer: he wants to invite you into his sex van to sell you shiny bits of metal that sit there and do nothing.
rjclarke2000
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June 19, 2017, 07:58:39 PM

Disclaimer:

Disclaimer: he wants to invite you into his sex van to sell you shiny bits of metal that sit there and do nothing.


Ha ha love this


Edit. This is false, they have gone down over the past 4 years I know that. So "nothing" isn't totally accurate.
bitserve
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June 19, 2017, 08:12:53 PM

Disclaimer:

Disclaimer: he wants to invite you into his sex van to sell you shiny bits of metal that sit there and do nothing.

LOL

I am perfectly aware of his obsesion with PM's, but maybe this time he has a point about the scaling issue.

I don't see it, but if I am "totally wrong" I would be interested in knowing how I am misreading current situation.

Until then, I am totally bullish medium/long term on this.
empowering
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June 19, 2017, 08:16:27 PM

Disclaimer:

Disclaimer: he wants to invite you into his sex van to sell you shiny bits of metal that sit there and do nothing.


 Cheesy 

gentlemand
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June 19, 2017, 08:17:54 PM
Last edit: June 19, 2017, 08:28:00 PM by gentlemand

LOL

I am perfectly aware of his obsesion with PM's, but maybe this time he has a point about the scaling issue.

I don't see it, but if I am "totally wrong" I would be interested in knowing how I am misreading current situation.

Until then, I am totally bullish medium/long term on this.

Well, I'm fairly stumped as it's so hard to get straightforward information from anyone. You've got your big block crew, your Core crew, the UASF kamikazes, the secretive NY crew. They're all tainted with their own viewpoint somehow.

I don't think it's as clear cut as Segwit arriving as originally intended by Core. There's still other crap out on the horizon.

I'll sit back and the let the numbers do the talking. I don't see anyone from any faction actively choosing a chain split if it can possibly be avoided.
bitserve
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June 19, 2017, 09:21:26 PM

LOL

I am perfectly aware of his obsesion with PM's, but maybe this time he has a point about the scaling issue.

I don't see it, but if I am "totally wrong" I would be interested in knowing how I am misreading current situation.

Until then, I am totally bullish medium/long term on this.

Well, I'm fairly stumped as it's so hard to get straightforward information from anyone. You've got your big block crew, your Core crew, the UASF kamikazes, the secretive NY crew. They're all tainted with their own viewpoint somehow.

I don't think it's as clear cut as Segwit arriving as originally intended by Core. There's still other crap out on the horizon.

I'll sit back and the let the numbers do the talking. I don't see anyone from any faction actively choosing a chain split if it can possibly be avoided.

The only people that would desire a chain split are the ones that are not really long on BTC. What people doesn't realise is that if Bitcoin fails as a store of value (and a big chain split could do it) all other cryptocurrencies do. It's basically the same as if some day gold could be artificially produced for a much lower cost... what would you think would happen to silver and all the rest? (assuming they were "vulnerable" to the same or even other techniques soon to be discovered).

I am always trying to take the pulse of fundamentals of Bitcoin for the long term, and I am not seeing as much resistance for this Segwit2x agreement. It is all about perception, and it if is perceived as a good thing, it will.

As I said, I am as happy today as I can be thinking about Bitcoin/cryptocurrencies future.

In next 24/48 hours we will probably see enough signaling for Segwit2x to pass (80%) and if all goes well it will be near 100% before activating day.
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June 19, 2017, 09:35:26 PM


In next 24/48 hours we will probably see enough signaling for Segwit2x to pass (80%) and if all goes well it will be near 100% before activating day.

And then?  Grin

[fill in meme of choice...]
Odalv
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June 19, 2017, 09:45:30 PM

Today is a happy day. We are finally very close to a non-contentious solution for the scaling drama of this past years.

Totally wrong.  Nothing has changed at all and it's still the same old parties having the same old positions.  A contentious Chinese/Jihan Wu fork (only with Barry Silbert added to the mix) vs the other Bitcoin core people:

https://pbs.twimg.com/media/DCTgqEBXYAQBgNI.jpg:large

If you're trying to trade this, it's leaning far more towards a fork disaster than non-contentious fork.

Why keep on posting 5 days old tweet? and snapshots like it was posted  just now

Are you saying bitmain will fool us by signaling and then move into own little fork chain?

As i write this there is:
80% segwit2x support for last 40 blocks!

47.2% for 144 blocks

Bitmain will make no difference atall, they too small to make it anymore.
75% for last 80 blocks
Dabs
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June 19, 2017, 09:47:32 PM

Do I need an argument? The guy has no credibility.

Yes, you need an argument. Regardless of your opinion on CSW, his points stand on their own.

... blah blah blah ...

So CSW aside, how come nobody wants to talk about this aspect of SegWit?

1. I don't need a point.
2. I don't need an argument.
3. Others have already commented on it.
4. Feel free to talk more about CSW and whatever he says, waste of time if you ask me. He cried wolf too many times already.
JayJuanGee
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June 19, 2017, 09:57:39 PM

Do I need an argument? The guy has no credibility.

Yes, you need an argument. Regardless of your opinion on CSW, his points stand on their own.

... blah blah blah ...

So CSW aside, how come nobody wants to talk about this aspect of SegWit?

1. I don't need a point.
2. I don't need an argument.
3. Others have already commented on it.
4. Feel free to talk more about CSW and whatever he says, waste of time if you ask me. He cried wolf too many times already.


Exactamente!!!! 

Not only did Craig Wright (aka Satoshi imitator) fail to deliver on his various talking points, and contradict himself in a large number of ways, he comes off as a lacking in modesty, self-indulged status driven slimy salesman, who received way more attention for his incredible assertions than he deserved.

So it is funny that anyone gives him the time of day, unless they are either not aware or purposefully involved in misleading endeavors to spread his bullshit, merely because CSW says what they wish were true and to spread bitcoin FUD.
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June 19, 2017, 10:23:52 PM

So is the SegWit2x codebase something that the core devs either are involved in or would support?

That's really the issue for me. If SegWit2x passes but then the entire core dev team walks over compromised principles, then it's no better than having the completely incompetent BU devs take over. If the core dev team walks for good, I'm walking away from Bitcoin at that point too. I'm sure many long term holders as well as Satoshi himself may dump at that point.

The fk if I'm going to stay involved in Bitcoin just to watch it eventually turn into another PayPal 2.0.
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