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

[kurious]

So few coins on exchange - it's ripe for any large player to manipulate...

And there are players out there with 'interests' to protect. It isn't over until it's over.  And it isn't yet.

[YamashitaRen]

Hmm... I don't think I want to spend the night looking at the charts...
Guess I will see you all tomorrow in the new world 

[notme]

I moved some BTC to Kraken to get BCC... Just tried trading now and holy fuck... it is slow as shit!
They must be running on an old pentium 1 laptop!!!  

i also wanted to sell all the BCHbut is not listed yet...you see it???

BCC note available yet   I was selling some BTC

I think you mean BCH  ( http://blog.kraken.com/post/1150/bitcoin-cash-and-a-critical-alert-for-bitcoin-margin-traders/ )

EDIT: kraken works perfect...not slow for me

I dont believe you... it is slow as fuck.

you can believe whatever you want mate i not force you ...
again like i said before for me works great !

Would you be another API trader, by chance ?

As for me, I cashed out from Kraken to Bitfinex a few days ago. No regrets ! No more market orders so slow that I can cancel them.

Good luck with Bitfinex... you won't get your full allotment of BCH because they are using a "socialized distribution coefficient" which allows people who margin short BTC while holding actual BTC to steal a portion of your BCH.

https://www.bitfinex.com/posts/212/review

[Icygreen]

So that very fast $100 drop was aimed at stop orders before going higher or was it testing market depth for a bigger one?  Maybe we will get both in a short time frame.  

[Last of the V8s]

... lies ...

Remember, to get the very best view of the eclipse, you must look directly at the sun for five minutes.

[marcus_of_augustus]

We are entering the zone ... trust no-one or nothing unless your blockchain has verified it in front of you on hardware you control.

There are innumerable ways this fork can go wrong and be a stillborn orphan ... and innumerable actors who are willing to attack it to make that happen. Longest chain wins still applies and a good chance to teach a lesson for blockchain hubris.. Hunker down, Wu and Ver have got some payback headed their way, shitting on good miners was never going to be a winning strategy.

[empowering]

Have fun folks

If you thought this last month was mad... wait for the next

August is hotting up to be a scorcher

[jojo69]

I moved some BTC to Kraken to get BCC... Just tried trading now and holy fuck... it is slow as shit!
They must be running on an old pentium 1 laptop!!!  

fuck Kraken in their tentacled face

[Meuh6879]

Segwit is 1Mb of block ... and 2,5Mb of signatures.

Block capacity/size increase

Since old nodes will only download the witness-stripped block, they only enforce the 1 MB block size limit rule on that data. New nodes, which understand the full block with witness data, are therefore free to replace this limit with a new one, allowing for larger block sizes. Segregated witness therefore takes advantage of this opportunity to raise the block size limit to nearly 4 MB, and adds a new cost limit to ensure blocks remain balanced in their resource use (this effectively results in an effective limit closer to 1.6 to 2 MB).

https://bitcoincore.org/en/2016/01/26/segwit-benefits/

[marcus_of_augustus]

the lack of true fungibility will bite everyone in the arse sooner or later, no need to blame bitcoin cash.

here, i found the idiot shilling for Altcoin_cash when segwit is providing hooks for tools that will greatly enhancing privacy and fungibility.

Everything on-chain and traceable is the govvy wet dream, enjoy your big blocks with a side order of surveillance ... will you guys really piss off when you get your own chain, like you always wanted to?

[JayJuanGee]

We are entering the zone ... trust no-one or nothing unless your blockchain has verified it in front of you on hardware you control.

There are innumerable ways this fork can go wrong and be a stillborn orphan ... and innumerable actors who are willing to attack it to make that happen. Longest chain wins still applies and a good chance to teach a lesson for blockchain hubris.. Hunker down, Wu and Ver have got some payback headed their way, shitting on good miners was never going to be a winning strategy.

I thought that this thing was supposed to go at noon UTC and not midnight UTC?  What am I missing?  12 hours earlier than expected?

[Ted E. Bare]

Absolutely critical confirmed.

[bones261]

Looks like by the time I get to redeem my BCC with my Trezor, it will be dust. I had 750K sats BTC on Yobit and dumped the BCC IOUs for 100K sats. Oh well, guess I'll ignore the BCC. I'm now going to be a BCC Hodler.  

[empowering]

Stick a fork in it me

[matt4054]

I thought that this thing was supposed to go at noon UTC and not midnight UTC?  What am I missing?  12 hours earlier than expected?

UASF (BIP 148) should activate within a few minutes as the chain median time reaches midnight UTC.

UAHF ("Bitcoin Cash") will activate when median time hits 12:20 UTC.

https://www.btcforkmonitor.info/

[JayJuanGee]

https://steemit.com/cryptocurrency/@anonymint/shocking-crisis-coming-to-cryptocurrency-in-sept

I don´t get the part of "stealing" segwit transactions. It sounds like bullshit, but Anonymint have a greater tech knowledge than me. Can some tech savvy user confirm it?

Yes. It is a well-known attribute of SegWit.

It is a well-known stupidity of people claiming this.

Well, you can pretend that an 'anyone can spend' transaction is something other than an 'anyone can spend' transaction. But of course that would be tautologically impossible.

Jbreher:

You and some of the big blocker nutjobs seem to have tendencies to cry wolf so much that if there did happen to be a real issue or a real problem, then it is possible that people might not believe you because they have been exposed to too many exaggerations,  made up facts and made up conclusions, right?

Wrong.

Sometimes, I state facts, and sometimes, I render opinions. I try not to exaggerate, I don't make up facts, and I try to keep my conclusions rational. When challenged, I produce rationale for my statements. Sometimes, I even get things wrong, but I always try to be truthful.

You, OTOH, tend to repeat dogma as if it were settled truth, and avoid providing any basis for your utterances.

Issue in a nutshell:
- On a network where miners do not honor SegWit, all segwit transactions are 'anyone can spend' transactions
- On such a network, each successful miner can spend any 'anyone can spend' transaction to himself
- As segwit is used (e.g., on a segwit-honoring network), more value gets locked up in segwit/'anyone can spend' transactions
- As more value is built up in segwit/'anyone can spend' transactions, this increases the incentive for miners to flip the network from segwit-honoring to non-segwit
- This pressure increases with increasing use of segwit. Even if initially stable, the system tends further toward instability.
The net is that smallblockers need to trust the miners -- whom they seem to already believe to be evil -- to not steal their segwit transactions.

Of course, one can convert a segwit coin back to a bitcoin by spending it to yourself in a non-segwit transaction. But that also mandates a second transaction, thereby nullifying and even reversing segwit's so-called capacity increase.

Sounds very speculative and hypothetical to me.. maybe even pie in the sky.   Sure, it is great that segwit is going to get locked in and then going to get activated in order that we can see how a variety of speculative and hypothetical matters are going to play out and to see whether functional work around systems are going to be developed in order to account for some of the potential issues and problems.    Things are GREAT!!!! in bitcoinlandia, and lots of excitement in the coming months to see how developers may create products around segwit.   

[JayJuanGee]

I thought that this thing was supposed to go at noon UTC and not midnight UTC?  What am I missing?  12 hours earlier than expected?

UASF (BIP 148) should activate within a few minutes as the chain median time reaches midnight UTC.

UAHF ("Bitcoin Cash") will activate when median time hits 12:20 UTC.

https://www.btcforkmonitor.info/

Confusing because I thought that BIP148 was a non-issue and that BIP91 pretty much nullified BIP148 because it accomplishes the same objectives that are outlined in BIP148 and even BIP148 has language to the effect that it is nullified if segwit BIP141 is in the process of locking in or maybe it has to be locked in for BIP148 to be nullified?

[Elwar]

So is it August 1st wherever it's supposed to be August 1st yet?

[TeeBone]

Whats the scoop on trezor, can you move BCC directly to an exchange from there ? I wanna dump that garbage first thing tom morning

[empowering]

So is it August 1st wherever it's supposed to be August 1st yet?

Handy little countdown clock currently on display here  = https://coin.dance/

On August 1, 2017 12:20PM UTC,

Edit: 11 hrs 34 mins and 30 seconds ish