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

[sirazimuth]

wow...my ledger wallet just split off all my free bcc coins for me. i didn't do anything. sweet!!

what with free byteball, xlm, bitsend, and now bitcoin cash ...
well, all i can say is..... ( with a shout out to SNL character Chico Escuela)

bitcoin been berry berry good to me!!!

[1714862421]

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[deepcolderwallet]

Where can I dump? Most exchanges that I checked are not accepting BCC deposits. I tried to sign up for VIABTC and I keep getting an error "Don't try too frequently." WTF, I got this error on the first try. How is that too frequent?

hitbtc is accepting deposits, but I transferred my free bcc 2 hours ago and only got 2 confirmations.
Such a fiasco!

[BlindMayorBitcorn]

I'm getting too old for this shit.

[jbreher]

Who said I liquidated one for the other? In fact, I clearly implied that I was waiting for all the dump-whiners to start their whiny dumps.

Szabo noted the best strategy is to go all in on the future winner.  

Is Szabo a skilled trader? Note that 'trader' is not synonymous with 'economist', nor much of any other title you might ascribe. And even if he was, are you to extrapolate from such a general statement applicability to all situations? If I expect many to dump first, then my actions are totally rational.

"Markets can stay irrational longer than one can stay solvent."

[deepcolderwallet]

Why bcc block creation is so slow? Only 2 confirmations after 2 hours! I'm missing the train because of this buggy wu/ver coin fiasco!

[B1tUnl0ck3r]

What are the options for those who don't want segwit, the purists.  Can they keep using btc without segwit? If Core switch to segwit the blocks will be full from segwit, making it almost unavoidable.

For miners it's a no brainer now to mine bch.

I just regret that the bitcoin users couldn't agree to raise the blocks size. But now with bch, it's finally done.

time will tell.

[European Central Bank]

For miners it's a no brainer now to mine bch.

why?

[traincarswreck]

You have to be less good at math and economics and then you  understand the bch shill perspective.

 

Haha. So tell me, traincarswreck... has Bitcoin's VALUE been constant across the last 24 hours?

I THINK you are talking of my want to keep the value proposition as stable as possible.  The price of btc seems reasonably stable for the prediction that it will lose its claim as the king.  It's value proposition has not changed.  Price has not change much has it,  but thats not necessarily value.

We have a conundrum happening.  

There is an allegedly real value for bch and everyone wants to claim their gold/reward...

On the other hand few can get access to the trade...

How do we solve this problem?

[jbreher]

Do you know how is the plan to increase beyond 8mbs? they will be full soon...

"Of course we'll simply up the block limit when we start getting close"

Which would be a great way of doing it. Unless you take into account history. For that was the exact plan for Bitcoin back in 2013.

[B1tUnl0ck3r]

For miners it's a no brainer now to mine bch.

why?

the difficulty and price isn't available yet on most public profitability calculators...

Do you know how is the plan to increase beyond 8mbs? they will be full soon...

"Of course we'll simply up the block limit when we start getting close"

Which would be a great way of doing it. Unless you take into account history. For that was the exact plan for Bitcoin back in 2013.

but then let's be honest, lot of users had divergent interests in blocking this increase. And I don't think only at miners... but shills for others coins and supplementary fee generating systems, like segwit or ln.

[bitserve]

Guys, i made 4 bitcoin, just by lending the hell out of it, at 5 percent. And i have no idea what bcc, bch is.
Could i have done better ? I mean, it´s still 2700. 4 multiplied by 2700. I´m off, wanking.

Well, let's see...

4BTC is 5% of 80BTC.
You would have received 80 BCH.
Right now, kraken lists the price of BCH as 0.13563 BTC.
80 * 0.13563 = 10.85 BTC.

Did you do good? You tell me. Was the lesser risk worth a 2.5x difference? Personally, I would have gone for the BCH, but then again, I believe that BCH rather than segwit is the proper route forward for Bitcoin.

(actually, I went for the BCH)


When y'all gonna start dumping your BCH like you were whining about yesterday? I want more cheap Bitcoin Cash!

Where can I dump? Most exchanges that I checked are not accepting BCC deposits. I tried to sign up for VIABTC and I keep getting an error "Don't try too frequently." WTF, I got this error on the first try. How is that too frequent?

Same problem here. I thought it was some incompatibility with my OS/Browser. Good to know I am not alone.

So... VIABTC is not accepting new signups?

[BlindMayorBitcorn]

So at the first sustained spam attack this thing will just up to 16MB. No harm no foul. Easy peasy.

[B1tUnl0ck3r]

So at the first sustained spam attack this thing will just up to 16MB. No harm no foul. Easy peasy.

there was a graph a few pages earlier about the expected scaling... and a greenline representing failure if the txs rate isn't augmented.

there is no exchanges offering leveraged bch still?

[bitserve]

wow...my ledger wallet just split off all my free bcc coins for me. i didn't do anything. sweet!!

what with free byteball, xlm, bitsend, and now bitcoin cash ...
well, all i can say is..... ( with a shout out to SNL character Chico Escuela)

bitcoin been berry berry good to me!!!

Bitsend and XLM are something I can get for free for holding BTC?

[European Central Bank]

So at the first sustained spam attack this thing will just up to 16MB. No harm no foul. Easy peasy.

who's gonna spam it? all the current spammers will be mining it.

[traincarswreck]

Is Szabo a skilled trader? Note that 'trader' is not synonymous with 'economist', nor much of any other title you might ascribe. And even if he was, are you to extrapolate from such a general statement applicability to all situations? If I expect many to dump first, then my actions are totally rational.

"Markets can stay irrational longer than one can stay solvent."

Szabo wrote about 100 different papers on this subject over the 20 years.  The papers are chapters of an entire thesis.  He laid the groundwork for the economical explanation of how money arises and how we have made mistakes in understanding this phenomenon.  He painstakingly relates this to law and technology from our proto roots (40-100k years ago).  He has given the ONLY reasonable explanation for not only how money arises but also for how bitcoin could be a money.

Without his work there is no such logical argument for bitcoin to work.  Not even Satoshi left this.  Although I showed his view are perfectly in line with Satoshi and there are only 3 others, Nash and Finney citing Selgin's work that support this.

Szabo also gave a study of the history of commodity price in relation to inflation hedging and their monetary components.  He also bridged Adam Smith's the wealth of nations with advancing crypto economic theory.

There is no single person in the world that is anywhere near his level in this regard and he did it grounded in logic right down to binary.  He literally showed the binary math involved that proves and grounds his work.

His work contrasts the ideas put forth from bch bu r/btc and any such bigbblocker project.  As do Nash's Selgin's and Finney's.

I have no idea what you are trying to ask me.

[Torque]

So at the first sustained spam attack this thing will just up to 16MB. No harm no foul. Easy peasy.

And hey while they're at it, might as well dispense with that pesky 21M coin cap. Might as well make a variable that continues to grow at a certain rate.  I mean, who's gonna stop them, right?

[B1tUnl0ck3r]

Bigger block = higher price :: 92 % correlation.







How many of you planned to host a segwit node to get fees?

[Ibian]

Whoever, if anyone, thinks this new clone coin has better fundamentals than the original, could you explain why?

[deepcolderwallet]

Whoever, if anyone, thinks this new clone coin has better fundamentals than the original, could you explain why?

I can explain why not. My deposit on exchange is taking over 2 hours and only has 2 confirmations till now! Isn't this the solution for all BTC problems?