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

[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.

[BlindMayorBitcorn]

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.

Seat-belts save lives. The fact there wasn't a horrible wreck doesn't invalidate the logic behind their use.

But in hindsight, maybe...

[Skol600ml]

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.

[r0ach]

your dumb metal

The goyim knowing level is increasing:

[RayX12]

Looks like this this rocket is pumping up!

[Bitcoinaire]

$2910 BOOM!

[r0ach]

Looks like this this rocket is pumping up!

This must be the make believe lightning network is a valid scaling solution rally when it won't work except in a centralized manner.

[arklan]

2940 on stamp. this could be it for the current ATH.

[silverfuture]

BTCOOM!

[Elwar]

I looked away from the price for a few minutes then looked up to see...$2950!

Go baby go!

[jojo69]

can I get the train out yet?