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

[aesma]

@cashodler brings up some valid points. Coinbase changing their stance on BCC was important. It is still early days. John Stuart Millibit wrote an article that laid out a scenario where BCC could take over from BTC in a matter of days, possibly in November if the 2 MB hard fork in SegWit2X is not honoured.

Segwit = ~3.5mb
Segwit 2X = 7mb+
BCC = 8mb

What will the BTC2X fork selling point be? "We have 7mb" vs BCC "we have 8 mb" ?? 

Yeah right.

The argument is that one is the evolution of bitcoin, the other is a hostile hard fork.

[Ibian]

In this moment, I am serene.

Me too, especially when BITCOIN's price and hash rate are still increasing. 

Indeed. So why the angst over a fork?

You should ask the Bitcoin Cash supporters that. Why they are here in the BITCOIN sub forum,

Because Bitcoin Cash is Bitcoin, silly.

What does my wallet support?

[GoodLuck2]

block size gradually increasing over time (which everyone can agree on),

No. A lot of people really do not want the network to grow. Some people just want to drag others down, even at personal expense.

Also whereforeartthou, mempool backlog? Oh that's right, it only happens when someone is specifically and nefariously spamming the network.

Fuck you. You don't get to decide who can send what. That's one of the key selling points, no middlemen.

Sellers cannot be finish neither buyer can be finish so go for live market because there are everything according to that so i would like to say that don't think that it will finish because it is live like a facebook and YouTube video keep go to live market and watch the current statistics you will know the better result so i hope you got.

[deepcolderwallet]

Lastest bcc block 

478617   22 minutes ago   0x20000000   Unknown   M6Y q$/Fuck BitcoinCash - bcc.suprnova.cc/   1,999.20

ROFL!!!! 

[Vin]

just suprnova

[El duderino_]

Bet CLOSED! Let the game begins...
Thank you all for supporting this game and I wish you all good luck. Let's make contact when ATH touched.
Final list:
20/07 Siggy
21/07 Mr Frog
22/07 Protokol
23/07 Bitcoinaire
24/07 Lost_in_base
25/07 rjclarke2000
26/07 Globbo
27/07 Poolminor
28/07 TeeBone
29/07 Ted E. Bear
30/07 bahty
31/07 Infofront
01/08 Vin
02/08 Steelboy
03/08 D_eddie
04/08 Bitserve
05/08 Bikerleszno
06/08 Last of the v8s
07/08 Pajulapoiss
08/08 Imbatman
09/08 Mikenz
10/08 Machasm
11/08 Aesma
12/08 doc12
13/08 Fluidjax
14/08 ShroomsKit_Disgrace
15/08 Fragout ---- slow death
16/08 Orpington
17/08 sirazimuth
18/08 Ivomm
19/08 Elwar
20/08 Oblox
21/08 Haciendo
22/08 Boba
23/08 ErisDiscordia
24/08 Ludwig Von
25/08 Hazukison
26/08 SportbetMaster
27/08 Nanobtc
28/08 Vamos1
29/08 Paashaas
30/08 RayX12
31/08 BinaryReign
02/09 Patrisorvieto
05/09 Entons
06/09 Oinas
09/09 Edgar
11/09 Buwaytress
15/09 MinermanNC
17/09 Spaceman_spiff
21/09 undeadbitcoiner
01/10 K.Ehleyr
02/10 Petemoss2
04/10 Herman Hesse
13/10 Cryptoqueen
05/11 Chainsaw
21/11 Icygreen
12/12 Kurious
23/12 Fractaluniverse
14/01/2018 In the silence
05/02/2018 savetherainforest

Who's going to be lucky mooooooon!!!

[Torque]

So just for the lulz, I decided to access and move my BCH coins.

2 hours later, and still only 1 confirmation. On an 8MB blockchain. Lol.

Bcash - the future of bitcoin transactions, indeed.

[marcus_of_augustus]

... why the angst over a fork?

... no angst. Merely some stridently delivered advice to idiots to warn them of the error of their ways.

Ultimately the market will decide ... and my pal Loaded and I stand ready to dump Bcash and keep it eternally below the cost of production.

[Raja_MBZ]

Bitcoin Cash on its way of Crash.

While bitcoin's value increasing with consistency.

[bones261]

So just for the lulz, I decided to access and move my BCH coins.

2 hours later, and still only 1 confirmation. On an 8MB blockchain. Lol.

Bcash - the future of bitcoin transactions, indeed.

It will limp along for the next month or two until the "normal" difficulty change. Then it should adjust down to a reasonable difficulty and should get faster blocks. Problem is, will the devotee miners endure for that long?

[deepcolderwallet]

Speechless! I'm pissing myself laughing!

https://news.bitcoin.com/post-fork-update-the-bitcoin-cash-network-and-markets/

Five hours ago BCH block 478617 had an interesting message within the block’s coinbase data which said, “M6Yq$/Fuck BitcoinCash – bcc.suprnova.cc/.” Some think it may be a miner that doesn’t like the BCH protocol but have questioned why this pool dedicated energy to this message as it is not very profitable to mine BCH at it’s current price. According to data from Coin Dance, it is currently 2.63x more profitable to mine on the legacy BTC chain.

Trolls be trolling!

[BlindMayorBitcorn]

So just for the lulz, I decided to access and move my BCH coins.

2 hours later, and still only 1 confirmation. On an 8MB blockchain. Lol.

Bcash - the future of bitcoin transactions, indeed.

It will limp along for the next month or two until the "normal" difficulty change. Then it should adjust down to a reasonable difficulty and should get faster blocks. Problem is, will the devotee miners endure for that long?

Altcoins never die. They zombie on to be pumped and dumped again and again and again. I can't imagine why any of you think this time will be different.

[BlindMayorBitcorn]

They already have infrastructures.
https://blog.btc.com/cash-me-outside-the-new-btc-com-bitcoin-cash-wallet-f8fc39bc7b24

[bones261]

Wow, the Bitcoin Cash network mined it's first empty block. https://blockchair.com/bitcoin-cash/block/478628. True, the block came only about 20 seconds after block 478627. That should give the supporters a little more time to transfer more BTC to their favorite exchange, to give buy support and pump it up. 

[Torque]

So just for the lulz, I decided to access and move my BCH coins.

2 hours later, and still only 1 confirmation. On an 8MB blockchain. Lol.

Bcash - the future of bitcoin transactions, indeed.

It will limp along for the next month or two until the "normal" difficulty change. Then it should adjust down to a reasonable difficulty and should get faster blocks. Problem is, will the devotee miners endure for that long?

4 hours later now, and still only 5 confirmations. Supposedly can't trade them until 8 full confirmations.

Such speed, lol.

[r0ach]

Ever since [Bitcoin Cash -ed] launched, I see more and more trolls and shills for that shitcoin on this thread. And they all seem to be really irritated. Likely because their precious coin keeps falling in price.

In this moment, I am serene.

What special interest groups neglected to tell you about the block size issue:

From an economics point of view, trying to force the entire planet onto a fixed block size with low scaling is a pro-usury extortion stance.  Small blocks are a synthetic monopoly.  If criminal banks believe they can take control of this monopoly, either through getting a large percent of the transaction validators, or by taking control of all services that facilitate off-chain transactions like Coinbase (or lightning) since on-chain transactions are too expensive to use, then the criminal banks would likely support small blocks over large ones.

The solution to the problem is not 1 MB or 8 MB blocks.  Any system with a fixed block size is going to inherently be a pro-usury extortion scheme due to synthetic monopoly.  You would need to use a dynamic, scaling block size like Monero to fix that.

[spiderbrain]

So we were advised to remove our coins from exchange during the bcc shit show.
Now it turns out had you not followed that advice and done opposite you'd have
made out like a bandit.
People in the know did just that. ie., loaded up their exchange accounts
with BTC prior to HF and now laughing all the way to the bank....

They made a factor of two. Meh.

I can't tell if that's sour grapes or sarcasm...

Oh, mainly I was saying a factor of two isn't very much. But there was also a little bit of "why didn't I think of that?" in there too, I suppose. I think it's fair that they get rewarded for taking the huge risk of trusting exchange keys during a hard fork.

[gembitz]

I've heard the SEC is going to approve Bitcoin cash ETF this year.

WinkleCash lmfao

[Skol600ml]

Wow, the Bitcoin Cash network mined it's first empty block. https://blockchair.com/bitcoin-cash/block/478628. True, the block came only about 20 seconds after block 478627. That should give the supporters a little more time to transfer more BTC to their favorite exchange, to give buy support and pump it up. 

[BitcoinNewsMagazine]

I think the miner that mined a block with one tx did so to prevent the difficulty from starting to adjust downward again. When the miners are ready to have difficulty reset they will coordinate and you won't see any blocks for a twelve hour period. Then BCH mining difficulty will start ratcheting down to the point mining BCH may be as profitable as bitcoin even at the reduced BCH price. They might wait 7 days until bitcoin difficulty retargets.