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

[Dakustaking76]

No im not fudding, i read someone off the topics about that bip141 is bad for the btc
So i am confused  

[BlindMayorBitcorn]

A chain split is inevitable at this point. (Correct me if I'm wrong.) You don't have to do anything except pray.

wrong. a chain split has been averted. an alt is being created.

That sounds like a religious distinction. I'm not sure I see it.

are you just fudding?

DRINK PAINT RUN RUN

[bitserve]

No im not fudding, i read someone off the topics about that bip141 is bad for the btc
So i am confused  

BIP141 (SEGWIT) bad for BTC?

Ok, I'll repeat once more time... The scaling process is going perfectly smooth, much better than many people expected. Thus the rise. It is not all over, but everything is going smoothly atm and the projection is good.

[bones261]

I'm not sure why changing the POW algo to an Asic resistant GPU friendly algo would really stop a centralization trend. GPUs use electricity, correct? Part of the problem with the "Chinese mining cartel" is that they can get cheaper electricity. Correct? What's to prevent them from just establishing huge GPU mining farms and shutting out the little guys again? Not to mention that the bigger guys will be able to get a deal on the GPUS since they would be able to buy in huge bulk.

[yonton]

There is no chainsplit relax

[bitserve]

I'm not sure why changing the POW algo to an Asic resistant GPU friendly algo would really stop a centralization trend. GPUs use electricity, correct? Part of the problem with the "Chinese mining cartel" is that they can get cheaper electricity. Correct? What's to prevent them from just establishing huge GPU mining farms and shutting out the little guys again?

Fully agree. PLus they already have huge GPU farms that currently are mining other coins but could switch to BTC in no time.

It would be useful as a punish to some evil ASIC manufacturers and mining pools though.

[oblox]

Antpool is now signaling SW...

[bones261]

Antpool is now signaling SW...

They all are due to BIP91. If they don't, they risk getting their solved blocks orphaned.

[yonton]

If 20000002 is segwit  and bip91 20000012 is segwit does it matter which one miners signal for?

[FractalUniverse]

spread some more good quality FUD, i need cheep coins to buy

[bitserve]

spread some more good quality FUD, i need cheep coins to buy

We are all going to die... sometime.

[Spaceman_Spiff]

spread some more good quality FUD, i need cheep coins to buy

We are all going to die... sometime.

Not necessarily... http://www.sens.org/research/introduction-to-sens-research

[d_eddie]

I'm not sure why changing the POW algo to an Asic resistant GPU friendly algo would really stop a centralization trend. GPUs use electricity, correct? Part of the problem with the "Chinese mining cartel" is that they can get cheaper electricity. Correct? What's to prevent them from just establishing huge GPU mining farms and shutting out the little guys again? Not to mention that the bigger guys will be able to get a deal on the GPUS since they would be able to buy in huge bulk.

I gather you've been (are still?) a miner, so your opinion has weight for me.
Please help me understand.

The cheap (subsidized) electricity argument... yeah, that is probably a show-stopper
However, wouldn't an assortment of algos make life harder to monopolists/producer firms by forcing some kind of specialization?
Besides, they might have GPU farms (I believe they do), but in that case they would still be competing with homespun rigs set up by people who fire their computers anyway, mining or no mining. At the moment, given the monopolist market, few independent actors have modern mining equipments able to compete. Do you think the number and power of "independent" GPU's is too small to be significant?

[bitserve]

spread some more good quality FUD, i need cheep coins to buy

We are all going to die... sometime.

Not necessarily... http://www.sens.org/research/introduction-to-sens-research

Troll, you are going to die too!

The damage is already done, there will be now 42 million bitcoins, exchanges and merchants are already scrambling to deal with it.

Using bitcoin.com as a source for its FUD material is exactly what a Monero shill would do.

[hodl_2015]

The damage is already done, there will be now 42 million bitcoins, exchanges and merchants are already scrambling to deal with it.

That would also mean I now have twice as many bitcoins.

[lost_in_base]

The damage is already done, there will be now 42 million bitcoins, exchanges and merchants are already scrambling to deal with it.

That would also mean I now have twice as many bitcoins.

Exchanges can dump bcc with insane volume.

So it is just a dead altcoin.

[Icygreen]

The damage is already done, there will be now 42 million bitcoins, exchanges and merchants are already scrambling to deal with it.

That would also mean I now have twice as many bitcoins.

Exchanges can dump bcc with insane volume.

So it is just a dead altcoin.

And if you held both? Any risk in that?

[FractalUniverse]

spread some more good quality FUD, i need cheep coins to buy

We are all going to die... sometime.

Not necessarily... http://www.sens.org/research/introduction-to-sens-research

yeah sounds good survivors will gather coins from those who die :p or at least their holdings value will rise

[lost_in_base]

The damage is already done, there will be now 42 million bitcoins, exchanges and merchants are already scrambling to deal with it.

That would also mean I now have twice as many bitcoins.

Exchanges can dump bcc with insane volume.

So it is just a dead altcoin.

And if you held both? Any risk in that?

No risk, just stupid.
Dump when there is any value.

This game with bcc will end when big exchanges will announce at monday that they will not support bcc in anyway atall never ever..!

Via will be left alone with its fake volume halting its users real coins.

To be avoided:
Bitbank Inc.
Bitpoint Japan Co. Ltd.
Quoine Co. Ltd.
Fisco Cryptocurrency Exchange Inc.
Coincheck Co. Ltd.
Btc Box Co. Ltd.
Tech Bureau Co. Ltd. (Zaif Exchange)
GMO-Z.com Coin Co. Ltd.
Campfire Corporation
Bit Trade Co. Ltd.
Bitcrements Bitcoin Exchange
Tokyo Bitcoin Co. Ltd.
Minnano Bitcoin

[oblox]

Antpool is now signaling SW...

They all are due to BIP91. If they don't, they risk getting their solved blocks orphaned.

Sure, but segwit needs a bit1 flag, not bit4 (91). Don't all bip91 miners need to signal bit1 for it to truly be in?