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

[B1tUnl0ck3r]

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

I can in one number : 7tps.

I wanted a 10mb block size, then 100 and 1000 but I make a concession and will see how it goes with time.

Then it has the history, making all the cold hodler have the amount. Mining gears are the same. And there is no useless and dangerous complications resulting from offchain txs.

I can understand the arguments of those who don't want to change the 1mb, and don't want segwit. Keeping the code as is. However as soon as the intentions behind is to push for segwit (to earn the fees) or to push another chain, I think it's dishonest toward those who started it all.

[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?

On which exchange you deposited?

The exchange is irrelevant. Fact is that I'm watching the blockchain and the client and it's taking over one hour to create another block. If the exchange demands 6 confirmations it will take 6 hours!

[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?

Difficult too high, low hashrate, few blocks/confirmation per day?

I'm sure you know that and trying to play dumb. You are good at it.

Sorry, sir? Do I know you?

[WiiD]

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?

On which exchange you deposited?

The exchange is irrelevant. Fact is that I'm watching the blockchain and the client and it's taking over one hour to create another block. If the exchange demands 6 confirmations it will take 6 hours!

There is no exchange accepting BTC Cash Deposits at this time.

[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?

On which exchange you deposited?

The exchange is irrelevant. Fact is that I'm watching the blockchain and the client and it's taking over one hour to create another block. If the exchange demands 6 confirmations it will take 6 hours!

There is no exchange accepting BTC Cash Deposits at this time.

Have you tried hitbtc?

[European Central Bank]

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?

On which exchange you deposited?

The exchange is irrelevant. Fact is that I'm watching the blockchain and the client and it's taking over one hour to create another block. If the exchange demands 6 confirmations it will take 6 hours!

There is no exchange accepting BTC Cash Deposits at this time.

I deposited fine on viabtc, but I gotta wait 6 confirmation's before pulling btc out.

[B1tUnl0ck3r]

Do you know a profitability calculator displaying bch? What's the actual rate compared to btc mining?

[Torque]

It is the original. It is simply Bitcoin with the maxblocksize set large enough to accommodate the current demand.

Regarding Bitcoin Cash:

I hope the whole damn thing ends up completely consolidated into a single, gigantic Chinese data center.

With 128 MB blocks.

Where the mega miner can make dev changes directly to the code and adopt his/her own changes without user concern.

Perhaps even change it to closed source. And get rid of the coin cap.

Behind the Great Firewall.

Where the Chinese Govt. can block it at any time they wish.

Sounds perfectly like Satoshi's vision, yeah?

[Ibian]

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

It is the original. It is simply Bitcoin with the maxblocksize set large enough to accommodate the current demand.


This made me chortle:



(And it may also provide an alternative answer to your rhetorical question ((OK, that admittedly wasn't charitable)) )

In that case, odds that it will overtake what is currently called bitcoin?

[BlindMayorBitcorn]

I think I'll wait until there's a nice Bitpay client that will do this split for me. I'm sure it will have mooned by then.  

[traincarswreck]

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

I can in one number : 7tps.

I wanted a 10mb block size, then 100 and 1000 but I make a concession and will see how it goes with time.

Then it has the history, making all the cold hodler have the amount. Mining gears are the same. And there is no useless and dangerous complications resulting from offchain txs.

I can understand the arguments of those who don't want to change the 1mb, and don't want segwit. Keeping the code as is. However as soon as the intentions behind is to push for segwit (to earn the fees) or to push another chain, I think it's dishonest toward those who started it all.

It's people that don't understand fundamentals.

There is no founded argument that increasing 7tps increasing the value.  Economics doesn't support it.  There is no grounded arguments.  There are only people that have no understanding of economics that are screaming like roger "It obvious you dummies" .

Sometimes when the experts and knowledgeable people disagree with what seems like common sense, its because the problem is more complex than you think and the solution not so obvious.

[B1tUnl0ck3r]

It is the original. It is simply Bitcoin with the maxblocksize set large enough to accommodate the current demand.

Regarding Bitcoin Cash:

I hope the whole damn thing ends up completely consolidated in a single, gigantic Chinese data center.

With 128 MB blocks.

Where the mega miner can make dev changes directly to the code and adopt his/her own changes without user concern.

Perhaps even change it to closed source.

Behind the Great Firewall.

Where the Chinese Govt. can block it at any time they wish.

Sounds perfectly like Satoshi's vision, yeah?

do you know the command pruning ?

    -prune=<n>    Reduce storage requirements by enabling pruning (deleting) of old blocks. This allows the pruneblockchain RPC to be called to delete specific blocks, and enables automatic pruning of old blocks if a target size in MiB is provided. This mode is incompatible with -txindex and -rescan. Warning: Reverting this setting requires re-downloading the entire blockchain. (default: 0 = disable pruning blocks, 1 = allow manual pruning via RPC, >550 = automatically prune block files to stay under the specified target size in MiB)

https://www.amazon.com/gp/product/B013JPKUU2/ref=s9_acsd_zwish_hd_bw_b1Muqux_c_x_w?pf_rd_m=ATVPDKIKX0DER&pf_rd_s=merchandised-search-11&pf_rd_r=5S25BFB90F47CP2XV7Y6&pf_rd_t=101&pf_rd_p=8fc50eca-db79-5cb9-b4bf-3deedcf4fb2d&pf_rd_i=1254762011

4tbs for 114$. You can use sata ports (most mb have at least 2, but more common is 4+) and build a small raid array. This is the raspi debate. What do you want? with 1mb, fees will get exorbitant or it's the offchain problematic.

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

I can in one number : 7tps.

I wanted a 10mb block size, then 100 and 1000 but I make a concession and will see how it goes with time.

Then it has the history, making all the cold hodler have the amount. Mining gears are the same. And there is no useless and dangerous complications resulting from offchain txs.

I can understand the arguments of those who don't want to change the 1mb, and don't want segwit. Keeping the code as is. However as soon as the intentions behind is to push for segwit (to earn the fees) or to push another chain, I think it's dishonest toward those who started it all.

It's people that don't understand fundamentals.

There is no founded argument that increasing 7tps increasing the value.  Economics doesn't support it.  There is no grounded arguments.  There are only people that have no understanding of economics that are screaming like roger "It obvious you dummies" .

Sometimes when the experts and knowledgeable people disagree with what seems like common sense, its because the problem is more complex than you think and the solution not so obvious.

 



it's clear. how can you not see? the argument is "grounded". there is a strong difference between experts and smart scammers.

[RayX12]

The exchanges wallets will remain blocked until the owners decide.  This is really a shameless manipulation but par for an unregulated industry.
Watch out when the floodgates open.

[traincarswreck]

it's clear. how can you not see? the argument is "grounded". there is a strong difference between experts and smart scammers.

That's not how you make a grounded argument.  There is accepted economic philosophy.  You have to tie your argument to it otherwise its inconsistent with observable reality.  You can point to two simultaneous events and claim observation is proof that one causes the other.

It's a community of 5 year olds.

[traincarswreck]

The exchanges wallets will remain blocked until the owners decide.  This is really a shameless manipulation but par for an unregulated industry.
Watch out when the floodgates open.

Sux because if we could just exchange our btc for bch we could get the free money!!!  Can anyone solve this problem?

[r0ach]

Can anyone solve this problem?

[Paashaas]

It is the original. It is simply Bitcoin with the maxblocksize set large enough to accommodate the current demand.

If you got some balls, sell all youre BTC for BCC and move youre ass out of the BTC forum and join Roger and friends at /rbtc.

Dont try to eat from 2 sides 

[jbreher]

It is the original. It is simply Bitcoin with the maxblocksize set large enough to accommodate the current demand.

Regarding Bitcoin Cash:

I hope the whole damn thing ends up completely consolidated into a single, gigantic Chinese data center.

With 128 MB blocks.

Where the mega miner can make dev changes directly to the code and adopt his/her own changes without user concern.

Perhaps even change it to closed source. And get rid of the coin cap.

Behind the Great Firewall.

Where the Chinese Govt. can block it at any time they wish.

Sounds perfectly like Satoshi's vision, yeah?

No. What you describe as 'your hope' sounds very little like satoshi's vision. Bitcoin Cash today -- and I believe also tomorrow -- does sound a lot like satoshi's vision.

[Ibian]

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

I can in one number : 7tps.

I wanted a 10mb block size, then 100 and 1000 but I make a concession and will see how it goes with time.

Then it has the history, making all the cold hodler have the amount. Mining gears are the same. And there is no useless and dangerous complications resulting from offchain txs.

I can understand the arguments of those who don't want to change the 1mb, and don't want segwit. Keeping the code as is. However as soon as the intentions behind is to push for segwit (to earn the fees) or to push another chain, I think it's dishonest toward those who started it all.

It's people that don't understand fundamentals.

There is no founded argument that increasing 7tps increasing the value.  Economics doesn't support it.  There is no grounded arguments.  There are only people that have no understanding of economics that are screaming like roger "It obvious you dummies" .

Sometimes when the experts and knowledgeable people disagree with what seems like common sense, its because the problem is more complex than you think and the solution not so obvious.

A network is only as useful, and hence valuable, as the number of people who can use it. The transaction rate is the limit on that. More volume means more people means more money means higher price.

As for the guy you talked about above, could you link some of his stuff?

[B1tUnl0ck3r]

The exchanges wallets will remain blocked until the owners decide.  This is really a shameless manipulation but par for an unregulated industry.
Watch out when the floodgates open.

If you don't have the private keys...

Which exchange will be the first to allow it do you think?

it's clear. how can you not see? the argument is "grounded". there is a strong difference between experts and smart scammers.

That's not how you make a grounded argument.  There is accepted economic philosophy.  You have to tie your argument to it otherwise its inconsistent with observable reality.  You can point to two simultaneous events and claim observation is proof that one causes the other.

It's a community of 5 year olds.

92% correlation, rather than me argumenting, prove that the graph doesn't work in the past time (it stops in september 2015) and see if it isn't true.

you are very messed up in your mind, learn the difference between science and philosophy and try to sustain consistancy in your argumentation if you don't want to be taken for a fool playing with concept he doesn't get, but simply repeat (or is) the opinions of others.

In mathematics, certain kinds of mistaken proof are often exhibited, and sometimes collected, as illustrations of a concept of mathematical fallacy. There is a distinction between a simple mistake and a mathematical fallacy in a proof: a mistake in a proof leads to an invalid proof just in the same way, but in the best-known examples of mathematical fallacies, there is some concealment in the presentation of the proof. For example, the reason validity fails may be a division by zero that is hidden by algebraic notation. There is a striking quality of the mathematical fallacy: as typically presented, it leads not only to an absurd result, but does so in a crafty or clever way.[1] Therefore, these fallacies, for pedagogic reasons, usually take the form of spurious proofs of obvious contradictions. Although the proofs are flawed, the errors, usually by design, are comparatively subtle, or designed to show that certain steps are conditional, and should not be applied in the cases that are the exceptions to the rules.

The traditional way of presenting a mathematical fallacy is to give an invalid step of deduction mixed in with valid steps, so that the meaning of fallacy is here slightly different from the logical fallacy. The latter applies normally to a form of argument that is not a genuine rule of logic, where the problematic mathematical step is typically a correct rule applied with a tacit wrong assumption. Beyond pedagogy, the resolution of a fallacy can lead to deeper insights into a subject (such as the introduction of Pasch's axiom of Euclidean geometry[2] and the five colour theorem of graph theory). Pseudaria, an ancient lost book of false proofs, is attributed to Euclid.[3]

Mathematical fallacies exist in many branches of mathematics. In elementary algebra, typical examples may involve a step where division by zero is performed, where a root is incorrectly extracted or, more generally, where different values of a multiple valued function are equated. Well-known fallacies also exist in elementary Euclidean geometry and calculus.

just to know, what would you prefer? segwit? ln? as is? bigger blocks? Would you mind expressing your actual wish?

It is the original. It is simply Bitcoin with the maxblocksize set large enough to accommodate the current demand.

If you got some balls, sell all youre BTC for BCC and move youre ass out of the BTC forum and join Roger and friends at /rbtc.

Dont try to eat from 2 sides  

And how to know otherwise when the segwiters will surrender and join the bigger block resistance?