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

[bitserve]

It's not clear to me, is what just happened even possible on main net?

No, because there's no way anybody would risk real money with SegWit2X clown code.

The '6000 blocks mined in day' talking point distraction is obfuscating the real problem that the code then got stuck when the (accelerated) HF happened ... you know like the piece of the code that whole client is in existence because ... it's raison d'etre is broken.

They should be thanking whoever accelerated the '6000 blocks in one day' for showing them their fundamental brokenness bugs (how fucked they are) ... instead we get BS talking points about ASICs on testnet, wah-wah, who knew?

It wouldn't be that hard to know WHO did the accelerated mining. The past couple of days the segwit signaling dropped significantly... Maybe Bitfury directed some of its hashing power to testnet?

Anyways.... isn't what has just hapened in testnet the exact intended behaviour for mainnet? I mean, bigblockers win and smallblockers get frozen IF they don't have enough hashpower.

[eiskalt]

It's not clear to me, is what just happened even possible on main net?

No, because there's no way anybody would risk real money with SegWit2X clown code.

The '6000 blocks mined in day' talking point distraction is obfuscating the real problem that the code then got stuck when the (accelerated) HF happened ... you know like the piece of the code that whole client is in existence because ... it's raison d'etre is broken.

They should be thanking whoever accelerated the '6000 blocks in one day' for showing them their fundamental brokenness bugs (how fucked they are) ... instead we get BS talking points about ASICs on testnet, wah-wah, who knew?

It wouldn't be that hard to know WHO did the accelerated mining. The past couple of days the segwit signaling dropped significantly... Maybe Bitfury directed some of its hashing power to testnet?

Anyways.... isn't what has just hapened in testnet the exact intended behaviour for mainnet? I mean, bigblockers win and smallblockers get frozen IF they don't have enough hashpower.

As I understand it, the "bigblockers' Segwit2X" just managed to get frozen on a block, that is even smaller than 1MB. And now they can neither mine a block that is bigger nor smaller than 1MB.

So bad luck for them...

[marcus_of_augustus]

It wouldn't be that hard to know WHO did the accelerated mining. The past couple of days the segwit signaling dropped significantly... Maybe Bitfury directed some of its hashing power to testnet?

Anyways.... isn't what has just hapened in testnet the exact intended behaviour for mainnet? I mean, bigblockers win and smallblockers get frozen IF they don't have enough hashpower.

You should probably just quit before you get deep enough into it to know what you are talking about ...

[JayJuanGee]

I tried to delete a post for the first time ever. I accidentally deleted the post that followed the one I meant to delete.
So, if I deleted your post, there's a 50% chance I'm sorry.  

#noobmod

OMG!!!!!!!!


We need a testnet WO thread for the Mod, so there is no fucking up the pure and unfettered nature of the real deal WO.  

[infofront]

I tried to delete a post for the first time ever. I accidentally deleted the post that followed the one I meant to delete.
So, if I deleted your post, there's a 50% chance I'm sorry.  

#noobmod

OMG!!!!!!!!


We need a testnet WO thread for the Mod, so there is no fucking up the pure and unfettered nature of the real deal WO.  

Haha, just call me the jgarzik of WO.

[jbreher]

Haha, just call me the jgarzik of WO.

Considering that Jeff Garzik is pretty much the single-handed designer of the SATA subsystem of every contemporary Linux distro, that's pretty lofty company.

[xhomerx10]

I tried to delete a post for the first time ever. I accidentally deleted the post that followed the one I meant to delete.
So, if I deleted your post, there's a 50% chance I'm sorry. 

#noobmod

 

Mutiny!! 

[JayJuanGee]

I tried to delete a post for the first time ever. I accidentally deleted the post that followed the one I meant to delete.
So, if I deleted your post, there's a 50% chance I'm sorry.  

#noobmod

OMG!!!!!!!!


We need a testnet WO thread for the Mod, so there is no fucking up the pure and unfettered nature of the real deal WO.  

Haha, just call me the jgarzik of WO.

Maybe you should deny responsibility, blame Adam and Theymos and Lauda and Blitz (currently known as Nekrobios)...

refuse to learn from your mistakes, say that you have insight into the development of various work-arounds that are better than previous tested principles and then say that you are going to employ your new and improved mod system on the rest of us, whether we appreciate it or not, it's for our own good.     We'll thank you later.   

[bones261]

Code:

127.0.0.1 bitcoinwisdom.com
127.0.0.1 poloniex.com 

I just can't look anymore. How depressing. 

[JayJuanGee]

Code:

127.0.0.1 bitcoinwisdom.com
127.0.0.1 poloniex.com 

I just can't look anymore. How depressing. 

It seems way too early to get depressed...   

Sure, it is possible that the bottom has been reached, but the more likely scenario is that there is going to be a bit more of this downward contagiousness.

[Elwar]

What was being tested? Segwit or Segwit2x?

[JayJuanGee]

What was being tested? Segwit or Segwit2x?

segwit2x has been in testing for a few days, apparently.

Recall segwit had already been tested last summer, and then became available in late 2016 (after it had already been tested for several months). 

This segwit2x seems to be a kind of rush job and with very little peer review, and seemingly unwillingness to work with core to improve it. .. at least preliminarily there seems to be some battling about how it is written

[Ted E. Bare]

Errors are the reasons for testing in the first place. Good they sort it out before actual implementation.

[Master mind]

Errors are the reasons for testing in the first place. Good they sort it out before actual implementation.

Satoshi testing ?

[Ted E. Bare]

Market cap down from 115 to 80 billion.

Buy the bottom.

[r0ach]

That is a pretty heavy drop currently.

Ether is tanking brutally.

The cryptocurrency market has been pure garbage for a while now.  Some big group(s) whether it's R3 or Digital Currency Group or both first pumps BTC, then pumps all alts one by one, then pulls the plug on everything simultaneously after they run out of fools to buy their pumps.  You know damn well the Poloniex staff are involved as accomplices in the pump and dumps too.  Anytime I mentioned a coin that I knew was going to rise in the troll box and told people to buy it, the mods went ballistic.

But it doesn't stop there.  You see, the R3 banker dirtbags favor Ethereum as their scamcoin of choice since they own it all, so they pumped Eth to the moon and then put up big ask walls in both Litecoin and Monero and a few other coins to try and prevent people from doing anything in those markets to try and get people back into Eth to buy their overpriced scamcoin pump.  This whole market is a giant criminal racket led by R3, DGC, Poloniex staff and a few others (maybe some guys like Pantera Capital but not sure about them).  Poloniex even adjusted their fee structure to give the R3/DGC pumpers no fees for high volume wash trading.

To make things even worse, when they pull the plug on BTC + alts, they let everything implode while putting up giant support walls on Ethereum so that each market implosion always has Ethereum gaining ground in market share compared to bitcoin and all other alts.  Vitalik should be public enemy #1 for helping the bankers attempt to take over cryptocurrency.  As for me, I don't really give a shit.  I was dumping bitcoins for silver as fast as possible from $2700 to $2500 because no cryptocurrency created thus far (and probably ever) actually improves upon metals in any way besides how fast you can dump them.  

[Last of the V8s]

^ while we're on the subject of r0ach making occasional sense in amongst all the bollox, there's this gem, highlighted by he-who-must-not-be-named

I lost .5 btc shorting eth

Eth is the LEAST aggregate market I've ever seen, which is why I never recommend people to short it.  The price is controlled by one single guy who runs the bots on Bologniex tied to either the Ethereum developers themselves, or some entity like Goldman Sachs.  Ever since Bitcoin started to rise, I watched them absorb something like 5000-10,000 BTC in Eth dumps on Poloniex just trying to prop the price up and prevent it from imploding.

The DOA event caused a dumpocalypse on them forcing them to absorb even more losses.  This single entity that controls the ETh price is underwater as fuck now and probably desperate to rid himself of some of those scamtokens.  I have a feeling the only reason it made it that high of value in the first place is the Eth devs themselves sent a bunch of Eth to Poloniex, then used those coins for collateral to margin long it to the moon while liquidating shoters.  Dan Larimer actually talked about attempting doing that himself once in the past when BTS was in the dumpster but he chickened out.  Him and Vitalik have been speaking a bit these days and maybe he gave Vitalik the idea.

http://btcbase.org/log/2016-06-22#1486944

[Lauda]

Anyone else enjoying the blood bath? Real Bitcoin holders remain unaffected.


The Bitcoin price is holding pretty nicely in comparison to the *rest*.

[Denker]

Anyone else enjoying the blood bath? Real Bitcoin holders remain unaffected.


The Bitcoin price is holding pretty nicely in comparison to the *rest*.

No problem here. I will sit it out as usual and try to accumulate more BTC. Will be interesting to see where the bottom will be this time. For now I don't think we've reached it so far. Altcoins holders will have to suffer much much more.They gonna learn it the very hard way!

[luckygenough56]

1800 soon

Question is when ?