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

[becoin]

yea eth=Vitalik coin, lol
btc used to be everyones coin...
now btc = segwits coin , 2nd layer, 3rd party 

Yeah, now big blocktards have their own BCH coin to play with, but they are not happy. I wonder why?... lol

why dont you just admit, you prefer a 3rd party controlling btc as long as it makes you profit.lol
 You wonder why...ill tell you, because if this isnt stopped then, 6months ,1yr ltr the rules will change for all of us, the fees will go up.
All btc wallet holders all exchanges will have to go by rules & prices set up by a for profit company (blockstream and btc leader samson mow)
they have already censored r/bitcoin, next it will be the tx on btc...
but as usual im one of the first to notice( eth $1, xrp 1cent)
and the rest will realise ltr what im saying...for many it will be to late.

Stop whining, Pumpy! I've warned ya to sell the eth fork and the bankcoin (aka ripple) for profit while you can. Now go and troll the BCH forums.

[conspirosphere.tk]

why dont you just admit, you prefer a 3rd party controlling btc as long as it makes you profit.lol
 You wonder why...ill tell you, because if this isnt stopped then, 6months ,1yr ltr the rules will change for all of us, the fees will go up.
All btc wallet holders all exchanges will have to go by rules & prices set up by a for profit company (blockstream and btc leader samson mow)
they have already censored r/bitcoin, next it will be the tx on btc...
but as usual im one of the first to notice( eth $1, xrp 1cent)
and the rest will realise ltr what im saying...for many it will be to late.

While anyone can setup a second layer on bitcoin -and make money on it-, very few could run a bigblock node "for free".
That's where your bigblocktardness fails.

[Gab0]

The world is hungry for bitcoins. Very hungry! Every bitcoin during dips will be snapped up immediately.

becoin, 3rd party segcoin is not the coin the world will be hungry for, as the poor will be priced out with huge tx fees.

Pumpy, the poor like you that can't afford to pay bitcoin tx fees will use LNs for their payments.

But, to open or close a channel in LN, you should not make a transition in the bitcoin blockchain?
It seems to me that if everyone wants to adopt bitcoin, LN is not enough.

[bitserve]

The world is hungry for bitcoins. Very hungry! Every bitcoin during dips will be snapped up immediately.

becoin, 3rd party segcoin is not the coin the world will be hungry for, as the poor will be priced out with huge tx fees.

Pumpy, the poor like you that can't afford to pay bitcoin tx fees will use LNs for their payments.

But, to open or close a channel in LN, you should not make a transition in the bitcoin blockchain?
It seems to me that if everyone wants to adopt bitcoin, LN is not enough.

And that's the reason a blocksize increase WILL be needed. Noone can deny that, it's only the timing, the size of blocksize increase and the process to implement it what is on the table.

[Arriemoller]

I drive an 100% EV, bought from bitcoin earnings.

EV? something like this?



true men drive classic cars with engines that you can hear.

You mean like this? https://www.youtube.com/watch?v=19wYCVGJBcM

[mastrox92]

Damn it!!!!

[Gab0]

why dont you just admit, you prefer a 3rd party controlling btc as long as it makes you profit.lol
 You wonder why...ill tell you, because if this isnt stopped then, 6months ,1yr ltr the rules will change for all of us, the fees will go up.
All btc wallet holders all exchanges will have to go by rules & prices set up by a for profit company (blockstream and btc leader samson mow)
they have already censored r/bitcoin, next it will be the tx on btc...
but as usual im one of the first to notice( eth $1, xrp 1cent)
and the rest will realise ltr what im saying...for many it will be to late.

While anyone can setup a second layer on bitcoin -and make money on it-, very few could run a bigblock node "for free".
That's where your bigblocktardness fails.

I live in a Third World country.
My first computer, purchased in 2010, still supports the bitcoin chain. And it would even with x2 blocks. Today I have a second computer, bought in 2016, that would easily support 4MB block for a few more years.
And it is to be expected in the next 5 years, the capacity and rapidity of hardware will increase exponentially.

[entons]

I live in a Third World country.
My first computer, purchased in 2010, still supports the bitcoin chain. And it would even with x2 blocks. Today I have a second computer, bought in 2016, that would easily support 4MB block for a few more years.
And it is to be expected in the next 5 years, the capacity and rapidity of hardware will increase exponentially.

Your first computer was purchased 7 years ago and you make assumptions about future exponential rise of hardware?

You make me laugh.

[bitserve]

why dont you just admit, you prefer a 3rd party controlling btc as long as it makes you profit.lol
 You wonder why...ill tell you, because if this isnt stopped then, 6months ,1yr ltr the rules will change for all of us, the fees will go up.
All btc wallet holders all exchanges will have to go by rules & prices set up by a for profit company (blockstream and btc leader samson mow)
they have already censored r/bitcoin, next it will be the tx on btc...
but as usual im one of the first to notice( eth $1, xrp 1cent)
and the rest will realise ltr what im saying...for many it will be to late.

While anyone can setup a second layer on bitcoin -and make money on it-, very few could run a bigblock node "for free".
That's where your bigblocktardness fails.

I live in a Third World country.
My first computer, purchased in 2010, still supports the bitcoin chain. And it would even with x2 blocks. Today I have a second computer, bought in 2016, that would easily support 4MB block for a few more years.
And it is to be expected in the next 5 years, the capacity and rapidity of hardware will increase exponentially.

You say hard disk capacity is growing exponentially? Really?

[jojo69]

You mean like this? https://www.youtube.com/watch?v=19wYCVGJBcM

more like this

https://www.youtube.com/watch?v=RESC54vHr40

[entons]

You say hard disk capacity is growing exponentially? Really?

His first computer had 120 GB HDD, and today he has 500 GB.
Looks exponential to me.

[Prova123]

why dont you just admit, you prefer a 3rd party controlling btc as long as it makes you profit.lol
 You wonder why...ill tell you, because if this isnt stopped then, 6months ,1yr ltr the rules will change for all of us, the fees will go up.
All btc wallet holders all exchanges will have to go by rules & prices set up by a for profit company (blockstream and btc leader samson mow)
they have already censored r/bitcoin, next it will be the tx on btc...
but as usual im one of the first to notice( eth $1, xrp 1cent)
and the rest will realise ltr what im saying...for many it will be to late.

While anyone can setup a second layer on bitcoin -and make money on it-, very few could run a bigblock node "for free".
That's where your bigblocktardness fails.

I live in a Third World country.
My first computer, purchased in 2010, still supports the bitcoin chain. And it would even with x2 blocks. Today I have a second computer, bought in 2016, that would easily support 4MB block for a few more years.
And it is to be expected in the next 5 years, the capacity and rapidity of hardware will increase exponentially.

Where are you precisely?
If you need a 2years pc I might send you one, piece by piece. Maybe motherboard harddisk.

[JayJuanGee]

The world is hungry for bitcoins. Very hungry! Every bitcoin during dips will be snapped up immediately.

becoin, 3rd party segcoin is not the coin the world will be hungry for, as the poor will be priced out with huge tx fees.

Pumpy, the poor like you that can't afford to pay bitcoin tx fees will use LNs for their payments.

But, to open or close a channel in LN, you should not make a transition in the bitcoin blockchain?
It seems to me that if everyone wants to adopt bitcoin, LN is not enough.

And that's the reason a blocksize increase WILL be needed. Noone can deny that, it's only the timing, the size of blocksize increase and the process to implement it what is on the table.

Yeah; however, can you see that it hardly makes any sense to even be talking about the timing of such a blocksize limit increase at this time, when segwit is barely even going to be activated so it is going to take quite a bit of time to figure out how segwit plays out.  A blocksize increase might be years down the road, so why we trying to  put the cart before the horse and act as if this blocksize limit question is some kind of urgent (or emergency) consideration when such is far from true.. the only emergency that seems to be in place are a bunch of bigblocker nutjobs that are pushing such nonsensical supposed technical issue for political reasons.. so currently, there is no real technical issue except to the extent that the technical issue has been fabricated and pushed into the spotlight by the various nutjob bitcoin saboteurs.

[JayJuanGee]

I live in a Third World country.
My first computer, purchased in 2010, still supports the bitcoin chain. And it would even with x2 blocks. Today I have a second computer, bought in 2016, that would easily support 4MB block for a few more years.
And it is to be expected in the next 5 years, the capacity and rapidity of hardware will increase exponentially.

So fucking what.  Who gives a ratt's ass?    If there is no need to upgrade to 2x, then why upgrade merely because a bunch of whiners and saboteurs think that it is necessary, when there is no fucking technical issue at the moment and unlikely to have any technical issue for a few years, especially with the upcoming activation of seg wit.

[jojo69]

hey, if you can’t afford a $20.000 node to help this network, piss off

/sarc

[Gab0]

The world is hungry for bitcoins. Very hungry! Every bitcoin during dips will be snapped up immediately.

becoin, 3rd party segcoin is not the coin the world will be hungry for, as the poor will be priced out with huge tx fees.

Pumpy, the poor like you that can't afford to pay bitcoin tx fees will use LNs for their payments.

But, to open or close a channel in LN, you should not make a transition in the bitcoin blockchain?
It seems to me that if everyone wants to adopt bitcoin, LN is not enough.

And that's the reason a blocksize increase WILL be needed. Noone can deny that, it's only the timing, the size of blocksize increase and the process to implement it what is on the table.

I insist on this, because I would really like to understand and learn from their arguments to defend small blocks (but so far, what I have researched about the problem tells me that we should increase the size of the blocks).

I have the limitation of having another language, so it is very difficult for me to express my ideas. And many times my questions or opinions are answered with trolling, which is very frustrating (and I imagine for any new member it should be the same).

Buy my first bitcoins in 2012, and since that day I find myself reading, learning and observing everything about bitcoin, and I do not think that LN is the divine solution to our scale problems.

I live in a Third World country.
My first computer, purchased in 2010, still supports the bitcoin chain. And it would even with x2 blocks. Today I have a second computer, bought in 2016, that would easily support 4MB block for a few more years.
And it is to be expected in the next 5 years, the capacity and rapidity of hardware will increase exponentially.

I'm sorry, express me wrong.This is what I meant.
https://upload.wikimedia.org/wikipedia/commons/9/90/Hard_drive_capacity_over_time.svg

[bitserve]

You say hard disk capacity is growing exponentially? Really?

His first computer had 120 GB HDD, and today he has 500 GB.
Looks exponential to me.

Good one. LOL.

The only thing that is growing exponentially here is blockchain size. And that is without a blocksize increase nor mass adoption.

In fact, the 1MB caused the higher fees which made us all be very frugal on our usage of tx's, reduced to the minimum necessary. If it were not for the cap and the high fees I would probably be doing 10x the tx's I am doing now.

Not even Segwit solves the exponential blockchain increase, but it does make it happen via Lighting Network. Yes, we fucking need L2. It's not if we like, don't like, prefer, not prefer, whatever.... IT IS A FUCKING NECESSITY.

Ok, let's say for a moment we don't have L2 for the next 3 years.... And that fees remain low and adoption rate has been growing. That would perfectly mean 100-1000 times more tx's per hour than now. ANd that is a conservative figure.

I will leave as an exercise to the reader to calculate how many 4TB hd's you will need to add EACH YEAR.

In 2009 Moore's law still had some remaining sense.... it is not applicable anymore.

Really, this is absurd. You have BCH or even Litecoin if you want more block space per hour. Or just wait until BITCOIN increases its blocksize when the time comes. It will. In the meantime you can perfectly keep using it with no worries about blocksize.

[Meuh6879]

More than 2x in 1 month.
EPIC.

[Gab0]

Good one. LOL.

The only thing that is growing exponentially here is blockchain size. And that is without a blocksize increase nor mass adoption.

In fact, the 1MB caused the higher fees which made us all be very frugal on our usage of tx's, reduced to the minimum necessary. If it were not for the cap and the high fees I would probably be doing 10x the tx's I am doing now.

Not even Segwit solves the exponential blockchain increase, but it does make it happen via Lighting Network. Yes, we fucking need L2. It's not if we like, don't like, prefer, not prefer, whatever.... IT IS A FUCKING NECESSITY.

Ok, let's say for a moment we don't have L2 for the next 3 years.... And that fees remain low and adoption rate has been growing. That would perfectly mean 100-1000 times more tx's per hour than now. ANd that is a conservative figure.

I will leave as an exercise to the reader to calculate how many 4TB hd's you will need to add EACH YEAR.

In 2009 Moore's law still had some remaining sense.... it is not applicable anymore.

Really, this is absurd. You have BCH or even Litecoin if you want more block space per hour. Or just wait until BITCOIN increases its blocksize when the time comes. It will. In the meantime you can perfectly keep using it with no worries about blocksize.

I very much agree with this.

hey, if you can’t afford a $20.000 node to help this network, piss off

/sarc

We must consider that the price per GB is decreasing over time.
http://ns1758.ca/winch/cost-hard-drives-komorowski.jpg

[600watt]

just wow.