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

[empowering]

Then you show them the price chart and suddenly they experience very different emotions.

yeah...no

their eyes glaze over, this is the worst thing that ever happened for adoption...amateur hour


it is profoundly embarrassing that, apparently, our species is not yet equipped for self governance

No? I suggested my uncle get some coins when the price was in the 400s. He declined. Told him about recent developments and his refreshingly mature reaction was to congratulate me.

Anyway. Do you disagree that the decision mechanism worked as intended?

 The decision mechanism thus far seems to have simply be to call two things Bitcoin - albeit with the word "cash" at the end of one... and both claiming to be Bitcoin and the majority of end users are sat on both going "well I don't know- guess I will keep both)

... an my poor grandmother doesn't know which one to buy


The ultimate attack - Bitcoin Cash should have just left the word "Cash" off and gone the whole hog and just called themselves Bitcoin- really fuck with people to make them totally cool with throwing a few more tens of billions into the market

It ain't been ideal.

Mechanism worked- people = shiddy as usual

Once again I know how we got here...

Just meh

Cant  wait for BTC to move past all this personally.

Not celebrating free money - would rather people were on the same page.

Not saying there was another way around it....

Just wish there had been.

Onwards nevertheless

[Ibian]

Then you show them the price chart and suddenly they experience very different emotions.

yeah...no

their eyes glaze over, this is the worst thing that ever happened for adoption...amateur hour


it is profoundly embarrassing that, apparently, our species is not yet equipped for self governance

No? I suggested my uncle get some coins when the price was in the 400s. He declined. Told him about recent developments and his refreshingly mature reaction was to congratulate me.

Anyway. Do you disagree that the decision mechanism worked as intended?

 The decision mechanism thus far seems to have simply be to call two things Bitcoin - all be it with the word "cash" at the end of one... and both claiming to be Bitcoin and the majority of end users are sat on both going "well I don't know- guess I will keep both)

... an my poor grandmother doesn't know which one to buy

You know, litecoin is really just coin with lite in front instead of bit. Kind of confusing. And grandmothers in general should not be messing with this stuff, certainly not unassisted.

In the end, what matters is what the wallets accept. Endusers have not been otherwise affected, other than having been given extra coins (whether they know this or not).

Mechanism worked- people = shiddy as usual

Sour grapes is not an argument. It is the petulant whine of a small child. And it is getting old you guys.

Park the emotions at the door, and if so inclined explain why the result was a bad one. Nothing wrong with that. But the time for arguments is past and the decision is fucking done.

[conspirosphere.tk]

WHat percentage of BCH do you guys have in relation to the fork moment? ie: 0%, 50%, 110%....

0%.  Dumped them all at once at the first opportunity.

[bones261]

Many Bitcoin cash "HODLers" simply haven't bothered figuring out how to safely claim their Bitcoin Cash to dump. To safely do it, you need to sweep all your BTC to a different address and then import the old private keys into one of the Bitcoin Cash Wallets. Trezor made it easy for me. I just had the Trezor sweep the Bitcoin Cash to an exchange so that I could dump. (I hope my BTC keys didn't become compromised in the process.) Probably, the biggest Bitcoin Cash holder right now is Satohsi. I doubt Satoshi will even bother going through the claiming process. That would cause quite a stir if people saw those addresses suddenly being swept to new addresses.

[bitserve]

WHat percentage of BCH do you guys have in relation to the fork moment? ie: 0%, 50%, 110%....

0%.  Dumped them all at once at the first opportunity.

At which rate if I may ask?

[Ibian]

Many Bitcoin cash "HODLers" simply haven't bothered figuring out how to safely claim their Bitcoin Cash to dump. To safely do it, you need to sweep all your BTC to a different address and then import the old private keys into one of the Bitcoin Cash Wallets. Trezor made it easy for me. I just had the Trezor sweep the Bitcoin Cash to an exchange so that I could dump. Probably, the biggest Bitcoin Cash holder right now is Satohsi. I doubt Satoshi will even bother going through the claiming process. That would cause quite a stir if people saw those addresses suddenly being swept to new addresses.

I suspect that Satoshi is like Big Brother. An ideal, not an actual person. If he ever does make a move, it will likely be well into the future when bitcoin is as integrated into the world culture as the internet.

And yeah, fucking lazy. Busy in Thailand right now (where I would have been in any case), will worry about it sometime after I get back home.

[empowering]

Then you show them the price chart and suddenly they experience very different emotions.

yeah...no

their eyes glaze over, this is the worst thing that ever happened for adoption...amateur hour


it is profoundly embarrassing that, apparently, our species is not yet equipped for self governance

No? I suggested my uncle get some coins when the price was in the 400s. He declined. Told him about recent developments and his refreshingly mature reaction was to congratulate me.

Anyway. Do you disagree that the decision mechanism worked as intended?

 The decision mechanism thus far seems to have simply be to call two things Bitcoin - all be it with the word "cash" at the end of one... and both claiming to be Bitcoin and the majority of end users are sat on both going "well I don't know- guess I will keep both)

... an my poor grandmother doesn't know which one to buy

You know, litecoin is really just coin with lite in front instead of bit. Kind of confusing. And grandmothers in general should not be messing with this stuff, certainly not unassisted.

In the end, what matters is what the wallets accept. Endusers have not been otherwise affected, other than having been given extra coins (whether they know this or not).

Mechanism worked- people = shiddy as usual

Sour grapes is not an argument. It is the petulant whine of a small child. And it is getting old you guys.

Park the emotions at the door, and if so inclined explain why the result was a bad one. Nothing wrong with that. But the time for arguments is past and the decision is fucking done.

Sour grapes?  ya got me confused  I am not sour about anything buddy- why would I be?

I am not actually emotional about it at all- no need to get personal

 I am having a bit of a laugh.. much like everyone else that witnessed the fork situation I am afraid (and that was my only point - that to the world at large the fork situation ..... it ain't pretty - do you disagree?





  

[Ibian]

Then you show them the price chart and suddenly they experience very different emotions.

yeah...no

their eyes glaze over, this is the worst thing that ever happened for adoption...amateur hour


it is profoundly embarrassing that, apparently, our species is not yet equipped for self governance

No? I suggested my uncle get some coins when the price was in the 400s. He declined. Told him about recent developments and his refreshingly mature reaction was to congratulate me.

Anyway. Do you disagree that the decision mechanism worked as intended?

 The decision mechanism thus far seems to have simply be to call two things Bitcoin - all be it with the word "cash" at the end of one... and both claiming to be Bitcoin and the majority of end users are sat on both going "well I don't know- guess I will keep both)

... an my poor grandmother doesn't know which one to buy

You know, litecoin is really just coin with lite in front instead of bit. Kind of confusing. And grandmothers in general should not be messing with this stuff, certainly not unassisted.

In the end, what matters is what the wallets accept. Endusers have not been otherwise affected, other than having been given extra coins (whether they know this or not).

Mechanism worked- people = shiddy as usual

Sour grapes is not an argument. It is the petulant whine of a small child. And it is getting old you guys.

Park the emotions at the door, and if so inclined explain why the result was a bad one. Nothing wrong with that. But the time for arguments is past and the decision is fucking done.

Sour grapes?  ya got me confused  I am not sour about anything buddy- why would I be?

I am not actually emotional about it at all- no need to get personal

 I am having a bit of a laugh.. much like everyone else that witnessed the fork situation I am afraid (and that was my only point - that to the world at large the fork situation ..... it ain't pretty - do you disagree?

There have been hundreds of not pretty things over the years. Doesn't matter. Price matters in the long run and little else. Just how humans work.

[bitserve]

Many Bitcoin cash "HODLers" simply haven't bothered figuring out how to safely claim their Bitcoin Cash to dump. To safely do it, you need to sweep all your BTC to a different address and then import the old private keys into one of the Bitcoin Cash Wallets. Trezor made it easy for me. I just had the Trezor sweep the Bitcoin Cash to an exchange so that I could dump. Probably, the biggest Bitcoin Cash holder right now is Satohsi. I doubt Satoshi will even bother going through the claiming process. That would cause quite a stir if people saw those addresses suddenly being swept to new addresses.

I suspect that Satoshi is like Big Brother. An ideal, not an actual person. If he ever does make a move, it will likely be well into the future when bitcoin is as integrated into the world culture as the internet.

And yeah, fucking lazy. Busy in Thailand right now (where I would have been in any case), will worry about it sometime after I get back home.

I would guess that if satoshi:

- Is an individual
- Still alive
- Still have control of his huge BTC stash or, at least, a significant part of it.
- Not already rich enough -he may have keep mining covertly after the first few years-

Then he should wait until the big funds enter the Bitcoin scene so that he can sell his stash to one of those or partner with to create a new one. Doing otherwise would be very traumatic for Bitcoin.

[empowering]

There have been hundreds of not pretty things over the years. Doesn't matter. Price matters in the long run and little else. Just how humans work.

..so you do agree then, It was not pretty- and it is not over yet, and not to  mention that the next one probably even less pretty.

Yes exactly price matters- and so does perception and ..........trust.

See what happens to the price, if the perception of the trust in cryptocurrency goes down the pan.

Hence my original point.

(I just want us to move past the scaling issue- it would be really great for it to be in the rear view)

[jojo69]

I don't know that anything was "intended" what we have is a pathetic shitshow

[deepcolderwallet]

https://cash.coin.dance/blocks Altcash update:

Blockchain Overview
There have been 1025 blocks mined since the hard fork.

(1452 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 2.11GB more than the Bitcoin Cash blockchain.


It is currently 8% more profitable to mine on the original chain.

No need to worry, nothing to see here...

[conspirosphere.tk]

WHat percentage of BCH do you guys have in relation to the fork moment? ie: 0%, 50%, 110%....

0%.  Dumped them all at once at the first opportunity.

At which rate if I may ask?

0.1

[bones261]

Altcash update:

Blockchain Overview
There have been 1025 blocks mined since the hard fork.

(1452 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 2.11GB more than the Bitcoin Cash blockchain.


It is currently 8% more profitable to mine on the original chain.

No need to worry, nothing to see here...

Bitcoin cash is supposed to have a regular difficulty adjustment on their block 479808. They are currently on block 479583. The difficulty will probably adjust by quite a bit downward. If the supporters can hold the market price or even let it slide just a tad, it might become a great mining opportunity. However, there are many SHA256 coins that have brief moments when they are more profitable to mine, and I don't see big hash movements away from BTC at those times. We shall see. Of course, unlike many of the other SHA256 coins, for Bitcoin Cash, the difficulty will not change for another 2016 blocks. So that could be an extended profitable time to mine.

[jbreher]

Are you suggesting that somehow the Blockstream satellite broadcast of the chain will overrun and ACTUALLY  FOR REAL  take over the network/ BTC chain  i.e the longest running chain with the majority of hash power? and somehow subvert it to essentially BlockstreamCoin ?

Not at all. I am suggesting that this action of broadcasting this sequence of blocks that is completely free of even being passed through any non mining nodes, as if it were the One True Chain, exposes that the narrative that non mining fully validating nodes are central to the security of the network, is unmitigated bullshit.

With this, blockstream dashes the myth of the power of the Raspberry Pi.

The entire rationale behind cripplecoin has been ejected by its most ardent adherents.

[Mrpumperitis]

https://cash.coin.dance/blocks Altcash update:

Blockchain Overview
There have been 1025 blocks mined since the hard fork.

(1452 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 2.11GB more than the Bitcoin Cash blockchain.


It is currently 8% more profitable to mine on the original chain.

No need to worry, nothing to see here...

-3weeks ago
- now
- coming soon
- end of the yr
 

[Ibian]

There have been hundreds of not pretty things over the years. Doesn't matter. Price matters in the long run and little else. Just how humans work.

..so you do agree then, It was not pretty- and it is not over yet, and not to  mention that the next one probably even less pretty.

Yes exactly price matters- and so does perception and ..........trust.

See what happens to the price, if the perception of the trust in cryptocurrency goes down the pan.

Hence my original point.

(I just want us to move past the scaling issue- it would be really great for it to be in the rear view)

I don't care. And of course there will be more nonsense. Politics is inescapable. I am like a fucking sage. I should call myself the very wise pickle, in honor of the deceased very wise frog.

[bitserve]

Are you suggesting that somehow the Blockstream satellite broadcast of the chain will overrun and ACTUALLY  FOR REAL  take over the network/ BTC chain  i.e the longest running chain with the majority of hash power? and somehow subvert it to essentially BlockstreamCoin ?

Not at all. I am suggesting that this action of broadcasting this sequence of blocks that is completely free of even being passed through any non mining nodes, as if it were the One True Chain, exposes that the narrative that non mining fully validating nodes are central to the security of the network, is unmitigated bullshit.

With this, blockstream dashes the myth of the power of the Raspberry Pi.

The entire rationale behind cripplecoin has been ejected by its most ardent adherents.

It is just a satellite broadcast of Bitcoin blockchain made by Blockstream. I am sure soon there will be many other broadcasting either the same blockchain or whatever blockchain they want (waiting for ViaBTC to do it with their BCH blockchain). It's a free market, noone is blocking anyone else to do the same. That's where the decentralisation resides.

[bitserve]

https://cash.coin.dance/blocks Altcash update:

Blockchain Overview
There have been 1025 blocks mined since the hard fork.

(1452 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 2.11GB more than the Bitcoin Cash blockchain.


It is currently 8% more profitable to mine on the original chain.

No need to worry, nothing to see here...

Do you understand that we are all just considering BCH another altcoin in our portfolio and just waiting for the best trades to increase our BTC?

It's just a natural hedge to use when/if Bitcoin dumps. I don't think anyone has really spent anything on it... except maybe for some Bigblockers.

[Mrpumperitis]

https://cash.coin.dance/blocks Altcash update:

Blockchain Overview
There have been 1025 blocks mined since the hard fork.

(1452 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 2.11GB more than the Bitcoin Cash blockchain.


It is currently 8% more profitable to mine on the original chain.

No need to worry, nothing to see here...

Do you understand that we are all just considering BCH another altcoin in our portfolio and just waiting for the best trades to increase our BTC?

It's just a natural hedge to use when/if Bitcoin dumps. I don't think anyone has really spent anything on it... except maybe for some Bigblockers.

ffs yes i do, thats why im trying to tell you...you are wrong and misleading others....

Description:
Bitcoin Cash is a split from Bitcoin with a protocol upgrade to fix on-chain capacity. If Bitcoin Cash gets majority of PoW then it becomes de facto Bitcoin. (#1 reason its not an alt)
It will be a Bitcoin without segwit as soft fork, where upgrades of the protocol are done mainly through hard forks, without changing the economic rules of the Bitcoin.
op hostfat staff
https://bitcointalk.org/index.php?topic=2040221.0

aswell as the censorship issue ...
listen to what VB says about bch...its not an alt-coin...

https://www.youtube.com/watch?v=uL9VoxCFqT0
@ 30 secs in...but listen carefully to all and read comments..please