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

[BlindMayorBitcorn]

Sage advice, as always

[kurious]

Any ideas how to best prepare for the next fork (which will probably be our own)?
Pls don't say Litecoin.

Just move your coins to addresses where you control the private keys and hope it gets sorted out. If neither Core nor btc1 are going to do adequate replay protection, it might get really messy. However, BU has been around for quite some time, and someone could have attempted a hard fork with that software, but no one did. Let's hope that no one will dare execute btc1 hard fork, and we will just have to deal with the scaling squabble for many months, if not years to come.

BU was most of the time below 40% hashrate. Segwit2x is over 90%.

Just because they signaled it doesn't mean they are actually going to run the software when the time comes to pick sidea. I don't even believe many were running btc1 to enforce BIP91. Everyone just went along. Thank goodness.

If we get through this smoothly without a fork, then MOON™ is on.  Am I right in assuming Core are going to reject 2X, so will there be ragequit and fork?

[bones261]

They don't need to run btc1. It's just a simple patch to core code.

They don't need to keep signaling anymore. If they keep doing it, it needs to be interpreted as their intention to follow on with the agreement. In this case with the 2x part of it.

It's not because they "signaled" it... it is because the keep signaling it now.

What other interpretation would be possible for their signaling now?

Trying to play chicken with the Core team to get them to agree to Segwit2x agreement even if no one from the Core team was there to be party to the agreement. I think the big blockers will be the ones to pull off to the side come early November.

[bitserve]

They don't need to run btc1. It's just a simple patch to core code.

They don't need to keep signaling anymore. If they keep doing it, it needs to be interpreted as their intention to follow on with the agreement. In this case with the 2x part of it.

It's not because they "signaled" it... it is because the keep signaling it now.

What other interpretation would be possible for their signaling now?

Trying to play chicken with the Core team to get them to agree to Segwit2x agreement even if no one from the Core team was there to be party to the agreement. I think the big blockers will be the ones to pull off to the side come early November.

Well, CORE should not try to play chiking with 90%+ of the hasrate. If they do, maybe this time it won't end good.

P.S.: And I am pro-CORE. But everything has limits....

[Meuh6879]

But everything has limits....

so, you want dump 70 000 000 000 USD ?
good luck to find asset to dissipate this in 1 week ... or month ... or year.

and, Bitcoin, it's a network ... not only "money".
You can't kill a network. You can't kill a P2P network ... at all.

120 000 personal computers are used to maintain this network "online".

[bitserve]

But everything has limits....

so, you want dump 70 000 000 000 USD ?
good luck to find asset to dissipate this in 1 week ... or month ... or year.

and, Bitcoin, it's a network ... not only "money".
You can't kill a network. You can't kill a P2P network ... at all.

120 000 personal computers are used to maintain this network "online".

Problem is: If a majority of those 90%+ hashrate signaling for Segwit2X doesn't chiken out.... Better CORE start coding a new difficulty adjustment algo for Bitcoin to survive or a PoW change. WHich is ironic because both of those alternatives are way more disruptive than a simple 2x block size increase.

[empowering]

But everything has limits....

so, you want dump 70 000 000 000 USD ?
good luck to find asset to dissipate this in 1 week ... or month ... or year.

and, Bitcoin, it's a network ... not only "money".
You can't kill a network. You can't kill a P2P network ... at all.

120 000 personal computers are used to maintain this network "online".

Problem is: If a majority of those 90%+ hashrate signaling for Segwit2X doesn't chiken out.... Better CORE start coding a new difficulty adjustment algo for Bitcoin to survive or a PoW change. WHich is ironic because both of those alternatives are way more disruptive than a simple 2x block size increase.

...even more so as a block size increase is baked in - its just a matter of when (and how)

I cannot wait for the whole situation to be in the rear view one way or another tbh

That will be a good day for us ALL.

[BlindMayorBitcorn]

Reddit gold

No one expected it to be perfect the moment it launches. I half expected a real community though, that will atleast create 1 frontpage post with the risks of the current situation. Instead you have 90% anticore propaganda and circlejerking. You know it's AstroTurfing when it looks so different from what r/Bitcoin looked during the times of ghash.io having 51% hash. The community was outraged. It is a real risk, the biggest that a blockchain based currency can face.

https://www.reddit.com/r/btc/comments/6ux2xt/antpool_jihan_thank_you/

[Meuh6879]

If a majority of those 90%+ hashrate signaling for Segwit2X

Only 16% do this.






16%, it's 1 pool ... not hard to identify, for sure.

[deepcolderwallet]

Did you feel that small ripple that just resonated through time and space ?

That was me just submitting all my docs to Kraken for Tier 3 and Tier 4.

If you're holding BCH, I would recommend dumping before Wednesday.

Just quoting...

[YamashitaRen]

Some stop orders got rekt on Finex. Now we're back to parity with Stamp

[bitserve]

If a majority of those 90%+ hashrate signaling for Segwit2X

Only 16% do this.






16%, it's 1 pool ... not hard to identify, for sure.

What are you talking about?

Segwit2x (intention) is at 90.4% BTC hashrate signaling for it.

[savetherainforest]

Some stop orders got rekt on Finex. Now we're back to parity with Stamp

Yep... that was funny to watch. These mofos not understanding they are standing on a brick wall that is laid down on a concrete wall and hard dense gravel under it. The ground is very stable, 4k for now is the lowest point of value in bitcoin history! The only way is up! I'm waiting to sell a bit on 5.8k, 6.5k, 7k or 8k .. dunno where exactly the next correction for the pump will be. Lets wait and see where it goes.

[Meuh6879]

Segwit2x (intention) is at 90.4% BTC hashrate signaling for it.

4 blocks = 20000000 = Bitcoin Core (no SegWit)
18 blocks = 20000012 = Segwit2x (Bitcoin BTC1)
122 blocks = 20000002 = Segwit (Bitcoin Core)

https://xbt.eu/ (144 blocks)

[Torque]

Well fellas, get ready for some fun in the next two weeks.

Tomorrow is a solar eclipse.

It's also the day that President Trump announces that we're back into the war game in Afghanistan. A build up of troops and more airstrikes likely. This has secretly been in the planning for months and months by the Deep State. But make no mistake, this is really the precursor to war in the Asia Pacific. Can't have all that pesky surplus oil just sitting around stockpiled in tankers everywhere... gotta burn it somehow.
"When all else fails [to stimulate the economy], you take 'em to war."

Gold market is showing signs of shorts exiting positions.

U.S. Stock market is overheated and showing signs of exhaustion.

U.S. govt about to hit the debt ceiling.... again.

Hedge Funds moving into bitcoin through LedgerX come on line in Sept.

Things are heating up fast. Anything can happen in the coming months.

Hold HODL on to your butts bitcoin!

[bitserve]

Segwit2x (intention) is at 90.4% BTC hashrate signaling for it.

4 blocks = 20000000 = Bitcoin Core (no SegWit)
18 blocks = 20000012 = Segwit2x (Bitcoin BTC1)
122 blocks = 20000002 = Segwit (Bitcoin Core)

https://xbt.eu/ (144 blocks)

Really, this is absurd, just look the second BAR, the one that says "NYA" (New York Agreement=Segwit2X) and how it is at 90%+.

20000002 is NYA/Segwit2X.... Just look at the header text of the blocks.
20000012 is maybe BU

[bones261]

Segwit2x (intention) is at 90.4% BTC hashrate signaling for it.

4 blocks = 20000000 = Bitcoin Core (no SegWit)
18 blocks = 20000012 = Segwit2x (Bitcoin BTC1)
122 blocks = 20000002 = Segwit (Bitcoin Core)

https://xbt.eu/ (144 blocks)

Really, this is absurd, just look the second BAR, the one that says "NYA" (New York Agreement=Segwit2X) and how it is at 90%+.

They are signaling, but they are not running the actual software. In order to implement the 2x portion, the pool will be needing to run version 20000012.

[bitserve]

Segwit2x (intention) is at 90.4% BTC hashrate signaling for it.

4 blocks = 20000000 = Bitcoin Core (no SegWit)
18 blocks = 20000012 = Segwit2x (Bitcoin BTC1)
122 blocks = 20000002 = Segwit (Bitcoin Core)

https://xbt.eu/ (144 blocks)

Really, this is absurd, just look the second BAR, the one that says "NYA" (New York Agreement=Segwit2X) and how it is at 90%+.

The are signaling, but they are not running the actual software. In order to implement the 2x portion, the pool will be needing to run version 20000012.

Maybe that is because there is no need to do it now, there are still some months for testing, etc....
They are signaling their intention to go on with the agreement.

[bones261]

Maybe that is because there is no need to do it now, there are still some months for testing, etc....
They are signaling their intention to go on with the agreement.

We'll see. I would hope the big players will see what a mess this will cause and have a get together, this time with Core developers. That's what they did with the UASF threat when they cooked up Segwit2x (except with the Core team this time.). Or the btc1 developers can implement some robust replay protection, and they can just go fork off. Maybe they'll actually win, and Core will be vanquished on a minority chain...

[JayJuanGee]

They don't need to run btc1. It's just a simple patch to core code.

They don't need to keep signaling anymore. If they keep doing it, it needs to be interpreted as their intention to follow on with the agreement. In this case with the 2x part of it.

It's not because they "signaled" it... it is because the keep signaling it now.

What other interpretation would be possible for their signaling now?

Trying to play chicken with the Core team to get them to agree to Segwit2x agreement even if no one from the Core team was there to be party to the agreement. I think the big blockers will be the ones to pull off to the side come early November.

Well, CORE should not try to play chiking with 90%+ of the hasrate. If they do, maybe this time it won't end good.

P.S.: And I am pro-CORE. But everything has limits....

This is not new, and it is not new that you keep proclaiming your support for core while at the same time trying to act as if the nutjob bigblockers are acting reasonable with their ongoing upping of the ante in their blackmailing and terrorist efforts. 

The big blocker nutjobs are not reasonable, they just are attempting to become more and more creative and more and more severe in what they are willing to try in order to attack bitcoin (while acting as if they are pro-bitcoin).. ... ongoing talking out of both sides.