timfah
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Activity: 17
Merit: 0
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May 03, 2013, 05:50:28 PM |
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tHash
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May 03, 2013, 05:52:08 PM |
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News: All users of Bitcoin-Qt/bitcoind versions 0.7.2 and earlier are required to upgrade to 0.8.1 or apply a manual workaround by May 15. More info. what will happen to users that don't upgrade  you are likely to be left behind and will be out of sync with the rest of the Bitcoin network. what the F? Basically this is just early warning that the same fork that happened in March will happen again if you don't update. Only difference this time is that the old version fork will be the one abandoned, hence you will be left behind if you don't upgrade or do the work around. It is just a block size limit increase. This is not an update of the 1MB hard limit, it is a lifting of the soft limit, which I think is currently 250KB. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 03, 2013, 05:53:10 PM |
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News: All users of Bitcoin-Qt/bitcoind versions 0.7.2 and earlier are required to upgrade to 0.8.1 or apply a manual workaround by May 15. More info. what will happen to users that don't upgrade you are likely to be left behind and will be out of sync with the rest of the Bitcoin network. what the F? Basically this is just early warning that the same fork that happened in March will happen again if you don't update. Only difference this time is that the old version fork will be the one abandoned, hence you will be left behind if you don't upgrade or do the work around. It is just a block size limit increase. This is not an update of the 1MB hard limit, it is a lifting of the soft limit, which I think is currently 250KB. does that mean they won't be able to spend their coins? more lost coins? |
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phoenix1
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May 03, 2013, 05:54:38 PM |
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Interesting ... definitely looks like people are doing this. Twats ... |
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Jaroslaw
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Activity: 84
Merit: 10
supernode
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May 03, 2013, 05:56:49 PM |
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When you see a lag in couple of minutes on mtgox its just me. |
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underground_
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May 03, 2013, 05:57:40 PM |
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News: All users of Bitcoin-Qt/bitcoind versions 0.7.2 and earlier are required to upgrade to 0.8.1 or apply a manual workaround by May 15. More info. what will happen to users that don't upgrade you are likely to be left behind and will be out of sync with the rest of the Bitcoin network. what the F? Basically this is just early warning that the same fork that happened in March will happen again if you don't update. Only difference this time is that the old version fork will be the one abandoned, hence you will be left behind if you don't upgrade or do the work around. It is just a block size limit increase. This is not an update of the 1MB hard limit, it is a lifting of the soft limit, which I think is currently 250KB. does that mean they won't be able to spend their coins? more lost coins? They'll still have their wallet.dat. Even if they send their coins to an address not recognized by the new fork, the network won't confirm it when they do upgrade. |
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Richy_T
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Activity: 2478
Merit: 2151
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 03, 2013, 05:59:53 PM |
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tHash
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May 03, 2013, 06:01:09 PM |
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does that mean they won't be able to spend their coins?
more lost coins?
They will not lose their coins, or be unable to ever spend them. They will have to apply the work around or upgrade, then do a -rescan before they will be able to spend them. My guess is that anyone who is savvy enough to be running a local wallet will be able to get this sorted out. If not, we get some additional deflation  edit-They may actually have to re-download the blockchain, I am not sure. |
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giszmo
Legendary
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Activity: 1862
Merit: 1105
WalletScrutiny.com
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May 03, 2013, 06:06:45 PM |
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please rotate 180 around the z axis and make an animated gif. With enough frames you should really see better the 3D structure when it's animated. Edit: Alternatively add the latest line with a distinct color (white?) so the eye can follow what's happening. |
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phoenix1
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May 03, 2013, 06:07:12 PM |
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Flag pattern?
Whats that then ? Does it mean up or down to you ? |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 03, 2013, 06:09:25 PM |
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Flag pattern?
Whats that then ? Does it mean up or down to you ? up |
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underground_
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May 03, 2013, 06:11:15 PM |
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Flag pattern?
Whats that then ? Does it mean up or down to you ? up But only for a few hours. Then down. Way down. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 03, 2013, 06:13:02 PM |
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phoenix1
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May 03, 2013, 06:15:24 PM |
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Flag pattern?
Whats that then ? Does it mean up or down to you ? up Hope so ! Thanks for pic  |
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DougTanner
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May 03, 2013, 06:18:18 PM |
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Here's my shitty analysis. ~$70 in ~10 hours? But then again the volume massively drops on the weekend, so my guess is that it will hover around where it currently is all weekend (too much support to punch through to $70 for now), then resume the plunge on Monday.  |
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ManBearPig
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May 03, 2013, 06:19:25 PM |
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 Though we broke up through the channel on the 12 hour, on the 3 day there's still some work to do except now it would have to break through the top of the channel only to meet resistance at $100. I still don't call $79 the bottom before Tuesday. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 03, 2013, 06:22:40 PM |
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if you have fiat left, I strongly recommend you arrange to have none left b4 tuesday.
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AmazonStuff
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May 03, 2013, 06:22:59 PM |
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Flag pattern?
Whats that then ? Does it mean up or down to you ? up Hope so ! Thanks for pic IF and only IF this is a "flag pattern", it should be similar to the previous one, so let's say target is $103 and absolute peak $105? Any serious analyst here to comment? |
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phoenix1
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May 03, 2013, 06:26:34 PM |
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IF and only IF this is a "flag pattern", it should be similar to the previous one, so let's say target is $103 and absolute peak $105? Any serious analyst here to comment?
Yeah, I agree, the upside is limited for now. Your range sounds about right to me Didn't recognise the 'flag' but that's what I see ... |
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