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

[fragout]

What percentage does 2x need in order to lock in? and when will we know if its likely or not. Also if it has 90% support or so, will core still forge on with their non 2x chain?.
I thought everything was great after the BCH split went smoothly and we were finished with this uncertainty but no such luck.

[bitserve]

What percentage does 2x need in order to lock in? and when will we know if its likely or not. Also if it has 90% support or so, will core still forge on with their non 2x chain?.
I thought everything was great after the BCH split went smoothly and we were finished with this uncertainty but no such luck.

Consensus rules should be the same: 95%+. It is possible to make the same trick that was done for Segwit of having an intermediate BIP that once locked with a lower percentage (80%?) starts rejecting non-signaling blocks so that it forces a 95%+ on second stage.

That also sends a signal to the market that the "upgrade" is unanimously consensutated, even if it is done in a forcible way. I am ok with that.

Anything below 80% consensus for the first stage (intermediary BIP) should be considered an attack.

[fragout]

What percentage does 2x need in order to lock in? and when will we know if its likely or not. Also if it has 90% support or so, will core still forge on with their non 2x chain?.
I thought everything was great after the BCH split went smoothly and we were finished with this uncertainty but no such luck.

Consensus rules should be the same: 95%+. It is possible to make the same trick that was done for Segwit of having an intermediate BIP that once locked with a lower percentage (80%?) starts rejecting non-signaling blocks so that it forces a 95%+ on second stage.

That also sends a signal to the market that the "upgrade" is unanimously consensutated, even if it is done in a forcible way. I am ok with that.

Anything below 80% consensus for the first stage (intermediary BIP) should be considered an attack.

So at the moment, its 95% needed or perhaps 80% if another bip is introduced. If it dosnt make this, it is just not implemented and there is no new fork Y/N ?

[bitserve]

What percentage does 2x need in order to lock in? and when will we know if its likely or not. Also if it has 90% support or so, will core still forge on with their non 2x chain?.
I thought everything was great after the BCH split went smoothly and we were finished with this uncertainty but no such luck.

Consensus rules should be the same: 95%+. It is possible to make the same trick that was done for Segwit of having an intermediate BIP that once locked with a lower percentage (80%?) starts rejecting non-signaling blocks so that it forces a 95%+ on second stage.

That also sends a signal to the market that the "upgrade" is unanimously consensutated, even if it is done in a forcible way. I am ok with that.

Anything below 80% consensus for the first stage (intermediary BIP) should be considered an attack.

So at the moment, its 95% needed or perhaps 80% if another bip is introduced. If it dosnt make this, it is just not implemented and there is no new fork Y/N ?

Donno. It depends on how the CORE developers deliver and how miners will behave depending on circumstances. I am just describing what would be ideal circumstances and what would provide the best outcome for all of them/us.

Also, it is probable that CORE developers accept a 2MB fix patch with a 95% consensus rule, not below. It would up to the miners to do the intermediary BIP (as they did with Segwit) to make sure it "forces" the higher consensus after an intermediary BIP is activated with a lesser consensus requirement.

Otherwise the reality is that many actors could veto EVERYTHING with just a 5% hashrate.

[DonQuijote]

BCH Update

There have been 305 blocks mined since the hard fork.

(946 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 13% of the original chain's difficulty.


The original chain has grown 1,013.97MB more than the Bitcoin Cash blockchain.


It is currently 29% more profitable to mine on the original chain.

Current price= treefiddy $320 ish

Is block time stable?

[bitserve]

BCH Update

There have been 305 blocks mined since the hard fork.

(946 blocks behind the original chain)


The Bitcoin Cash blockchain is currently operating at 13% of the original chain's difficulty.


The original chain has grown 1,013.97MB more than the Bitcoin Cash blockchain.


It is currently 29% more profitable to mine on the original chain.

Current price= treefiddy $320 ish

Is block time stable?

479826    3 minutes ago    0x20000012    F2Pool    RR/NYA/,mm|äK9s(wXqҎ¦׏&L-🐟Mined by yjh42100    No    Yes
479825    29 minutes ago    0x20000002    BTC.top    QRAb]fAb\g݂/BTC.TOP/NYA/EB1/AD6/mm R8úF+TK
ks ko{(lZI    Yes    Yes
479824    33 minutes ago    0x20000012    BW Pool    PRo YJ(Mined by BW.COM) /BW Pool/NYA/    No    Yes
479823    40 minutes ago    0x20000002    BTC.top    ORAbǴqAbdzg/BTC.TOP/NYA/EB1/AD6/mmƳ~,կwŃp֚_ %GրÓI$    Yes    Yes
479822    53 minutes ago    0x20000002    BTC.com    NRY/BTC.COM/NYA/mm!HNSd$vssƔ%sp@Zb
1[jK    No    Yes
479821    1 hour ago    0x20000002    BTC.com    MR|Y/BTC.COM/NYA/mmE /_rrP O-`r*+9
#8    No    Yes

No... But it is improving a lot. Almost there.

[Torque]

So if any of your friends or family laugh at Bitcoin/crypto and call it a short term fad, then show them this:

https://twitter.com/Fidelity/status/895272222847361024

And ask them, "Would Fidelity Investments waste their time with this integration if they thought it was all a short-term fad?"

[bitserve]

So if any of your friends or family laugh at Bitcoin/crypto and call it a short term fad, then show them this:

https://twitter.com/Fidelity/status/895272222847361024

And ask them, "Would Fidelity Investments waste their time with this integration if they thought it was all a short-term fad?"

"Short term" fad when it is now almost 10 years? The tulip mania that many of the skeptics likes to refer was less than one year (8 months?) for most of the bubble. And it never endured a bear market and totally recovered from it. It was just a single boom and dump... aaaand it's gone.

But yeah, it is a good point to use as an additional argument all the big investment/development that is already going into cryptocurrencies ecosystem. Not just speculation for sure.

P.S.: That if I wanted to "argue" about it. Which I don't. I don't even explicitly recommend anyone to invest in Bitcoin. If they, themselves, decide to do it, I can give them some advice, but they are on their own decisions.

[Meuh6879]

News flash:

BITCOIN WILL NEVER BE PERFECT.^{BITCOIN WILL NEVER BE PERFECT.BITCOIN WILL NEVER BE PERFECT.}
"Never let Perfect become the enemy of Good Enough."

And scaling is a moving target : https://www.youtube.com/watch?v=pT9kJq_Ogrk ( Andreas M. Antonopoulos )

[Ibian]

So I'm heading off to thailand fully paid for by the free coins tomorrow, and I need a new suitcase. I'm thinking pink for easy visibility, but maybe an ugly yellow would work too. Thoughts?

[bitserve]

News flash:

BITCOIN WILL NEVER BE PERFECT.^{BITCOIN WILL NEVER BE PERFECT.BITCOIN WILL NEVER BE PERFECT.}
"Never let Perfect become the enemy of Good Enough."

And scaling is a moving target : https://www.youtube.com/watch?v=pT9kJq_Ogrk ( Andreas M. Antonopoulos )

He is wrong. He is confusing scaling with capacity. Capacity is a moving target. Scaling is an increase in efficiency which, in the case of LN, is basically unlimited.

That's why blocksize increase is an increase in CAPACITY but not a scaling solution, and Segwit+LN is an increase in Scaling (and thus in capacity).

[gentlemand]

So I'm heading off to thailand fully paid for by the free coins tomorrow, and I need a new suitcase. I'm thinking pink for easy visibility, but maybe an ugly yellow would work too. Thoughts?

Three of these.



And bunny ears.

[bitserve]

So I'm heading off to thailand fully paid for by the free coins tomorrow, and I need a new suitcase. I'm thinking pink for easy visibility, but maybe an ugly yellow would work too. Thoughts?

Yeah... Why would someone go to Thailand instead of Las Vegas?

[Ibian]

So I'm heading off to thailand fully paid for by the free coins tomorrow, and I need a new suitcase. I'm thinking pink for easy visibility, but maybe an ugly yellow would work too. Thoughts?

Three of these.



And bunny ears.

Nice. But the local shops don't carry such wonderful items, unfortunately.

[gentlemand]

Ok. Then I'm leaning towards ugly yellow. It sounds more distinctive. Enjoy your hols. I've booked a free one too thanks to Jihan and Roger. Thanks guys.

[Ibian]

So I'm heading off to thailand fully paid for by the free coins tomorrow, and I need a new suitcase. I'm thinking pink for easy visibility, but maybe an ugly yellow would work too. Thoughts?

Yeah... Why would someone go to Thailand instead of Las Vegas?

The fuck would I do in vegas except go broke?

Thailand is cheap, is not FUCKING COLD and has some of the best food in the world. Also, bargirls.

Besides the obvious, I'm very curious to see if I can make enough money trading bitcoin with the locals to pay for the stay. If so, why would I not live in a high quality hotel in a great country instead of a far more expensive apartment in a frozen wasteland?

[AlexGR]

The 2x part will never happen in November but who cares?  Bigblockers have finally there BCash coin with no Segwit+8mb blocks...thats what they wanted, right?

What they want is control. Block sizes are irrelevant
 

Miners already have enough control with their hashrate. I prefer a plurality of influencing actors (miners, exchanges, developers, main whales, relevant individuals, users, etc) as a form of power decentralisation.

I do agree block size is not that much relevant (within some common sense boundaries). So that's why I am fine with a moderate (2x) blocksize increase.... delivered by CORE developers and in the safest possible way.

I am totally in disagreement with more power/control "flippening". Let's just have some respect to the "status quo" that have lead us to where we are right now and keep evolving slowly and without ridiculous experiments and power unbalances.

We've already blown past 2x blocksize, as segwit has an effective capacity of 3mb+.

With 2x blocks, that becomes not 2mb, but 7mb.

[K~Ehleyr]

Also, bargirls.

Besides the obvious, I'm very curious...

Well it is Thailand!  Have fun 

[bitserve]

So I'm heading off to thailand fully paid for by the free coins tomorrow, and I need a new suitcase. I'm thinking pink for easy visibility, but maybe an ugly yellow would work too. Thoughts?

Yeah... Why would someone go to Thailand instead of Las Vegas?

The fuck would I do in vegas except go broke?

Thailand is cheap, is not FUCKING COLD and has some of the best food in the world. Also, bargirls.

Besides the obvious, I'm very curious to see if I can make enough money trading bitcoin with the locals to pay for the stay. If so, why would I not live in a high quality hotel in a great country instead of a far more expensive apartment in a frozen wasteland?

Oh, if you think so you are doing it wrong (The Vegas thing). It's not you who needs to do the spending on gambling, but all the other losers who's uncontrolled spending give you access to great hotels, services and shows for ridiculous cheap prices.  I never ever gamble unless some rare occasion for fun and getting more value in free drinks than the (very little) cash spent on the game.

I fucking love Las Vegas and its hot/dry summer which is very similar to my place, so I feel at home

Interesting you plan on to do local trading on Thailand... anyway, enjoy your "hard earned" (lol) trip on Ver's Bcash

[bitserve]

175BTC WALL at $3300 on Bitstamp.