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

[Meuh6879]

Last column = difficulty.

[megashira1]

How will 2x fail when it has 90% ecosystem support?

On the contrary. B2X has 90% ecosystem rejection.
The same situation we already had with Bitcoin Classic, Bitcoin XT, Bitcoin Unlimited, now with Bitcoin Cash, and same will be with Bitcoin 2X. Same people stand behind all of those! Some of them even sold out their bitcoins at $450 claiming that Bitcoin is broken and has no future...

What? Stop spreading misinformation. The economic majority behind Bitcoin have agreed on the 2x blocksize increase. They are the vested interests who have the greatest say as to the future direction of Bitcoin. This has already been agreed upon.

We will be getting a block-size upgrade for BTC and Segwit1x can chose to maintain a non-contentious minority chain if they so chose.

[fluidjax]

How will 2x fail when it has 90% ecosystem support?

On the contrary. B2X has 90% ecosystem rejection.
The same situation we already had with Bitcoin Classic, Bitcoin XT, Bitcoin Unlimited, now with Bitcoin Cash, and same will be with Bitcoin 2X. Same people stand behind all of those! Some of them even sold out their bitcoins at $450 claiming that Bitcoin is broken and has no future...

What? Stop spreading misinformation. The economic majority behind Bitcoin have agreed on the 2x blocksize increase. They are the vested interests who have the greatest say as to the future direction of Bitcoin. This has already been agreed upon.

We will be getting a block-size upgrade for BTC and Segwit1x can chose to maintain a non-contentious minority chain if they so chose.

You are forgetting the Users, we have the power, we buy the coins, and ultimately we determine the consensus.
The businesses and miners are just service providers, some have deep wallets, but they are not bottomless.
Most importantly none of us will let Bitcoin be controlled by private meetings and agreements in which we have no say. B2X can get the fuck-off my precious Bitcoin.

[Torque]

You are forgetting the Users, we have the power, we buy the coins, and ultimately we determine the consensus.
The businesses and miners are just service providers, some have deep wallets, but they are not bottomless.
Most importantly none of us will let Bitcoin be controlled by private meetings and agreements in which we have no say. B2X can get the fuck-off my precious Bitcoin.

No he's not forgetting. He's just another troll, shilling for [insert failed iteration fork/altcoin/token here]. Hilarious that the trolls keep trying to convince the economic majority of Users that Users in fact don't matter.

They can fork and pump dog shit to the absolute moon if they want. But Users won't buy, spend, and hodl it. Because price <> valuable. Just look at SNAP stock as example.

[becoin]

and you need 20 ... ?

Pretty awesome, huh ?!

(Haven't mined a block in 7 hours as of this post)

They don't need mining! They don't even need blockchain! Their blockchain is used only by users sending BCH to exchanges to sell them.

[empowering]

....meanwhile up on the hill


http://www.altcointoday.com/congressional-candidate-now-accepting-bitcoin-donations-2018-election/


(I want to slap that face for some reason)

[BlindMayorBitcorn]

Have Xapo and Coinbase and such released their BCH's to users yet? I'm sure there will be a pump before that happens. And a monumental dump when they do.

[rjclarke2000]

Have Xapo and Coinbase and such released their BCH's to users yet? I'm sure there will be a pump before that happens. And a monumental dump when they do.

I thought Coinbase was January.

[blockinoutthehaters]

How will 2x fail when it has 90% ecosystem support?

On the contrary. B2X has 90% ecosystem rejection.
The same situation we already had with Bitcoin Classic, Bitcoin XT, Bitcoin Unlimited, now with Bitcoin Cash, and same will be with Bitcoin 2X. Same people stand behind all of those! Some of them even sold out their bitcoins at $450 claiming that Bitcoin is broken and has no future...

What? Stop spreading misinformation. The economic majority behind Bitcoin have agreed on the 2x blocksize increase. They are the vested interests who have the greatest say as to the future direction of Bitcoin. This has already been agreed upon.

We will be getting a block-size upgrade for BTC and Segwit1x can chose to maintain a non-contentious minority chain if they so chose.

Economic majority? Please define this.
Greatest say in the future direction of bitcoin? Bitcoin isn't a democracy.

I hope you have your eggs in both baskets because this will be a harsh lesson to learn for many.
You are about to trust a small group of individuals who already have a very very bad track record.
And once you give trust away, you'll never get it back.

[megashira1]

How will 2x fail when it has 90% ecosystem support?

On the contrary. B2X has 90% ecosystem rejection.
The same situation we already had with Bitcoin Classic, Bitcoin XT, Bitcoin Unlimited, now with Bitcoin Cash, and same will be with Bitcoin 2X. Same people stand behind all of those! Some of them even sold out their bitcoins at $450 claiming that Bitcoin is broken and has no future...

What? Stop spreading misinformation. The economic majority behind Bitcoin have agreed on the 2x blocksize increase. They are the vested interests who have the greatest say as to the future direction of Bitcoin. This has already been agreed upon.

We will be getting a block-size upgrade for BTC and Segwit1x can chose to maintain a non-contentious minority chain if they so chose.

You are forgetting the Users, we have the power, we buy the coins, and ultimately we determine the consensus.
The businesses and miners are just service providers, some have deep wallets, but they are not bottomless.
Most importantly none of us will let Bitcoin be controlled by private meetings and agreements in which we have no say. B2X can get the fuck-off my precious Bitcoin.

You are right, users do have the power. They have the power to determine consensus after the decisions of the economic majority have been made. The interests of the economic majority is to appease it's users through making a long term working product which the free market will want; not to intentionally destroy their own investment. More demand turns into more profit for these interests.

If you the user believe the economic majority to be making the wrong decision you are free to go support another project. After all, you hold the power.

[Last of the V8s]

^now you're just babbling. word soup. back to kindergarten with you

[becoin]

How will 2x fail when it has 90% ecosystem support?

On the contrary. B2X has 90% ecosystem rejection.
The same situation we already had with Bitcoin Classic, Bitcoin XT, Bitcoin Unlimited, now with Bitcoin Cash, and same will be with Bitcoin 2X. Same people stand behind all of those! Some of them even sold out their bitcoins at $450 claiming that Bitcoin is broken and has no future...

What? Stop spreading misinformation. The economic majority behind Bitcoin have agreed on the 2x blocksize increase. They are the vested interests who have the greatest say as to the future direction of Bitcoin. This has already been agreed upon.

We will be getting a block-size upgrade for BTC and Segwit1x can chose to maintain a non-contentious minority chain if they so chose.

You are forgetting the Users, we have the power, we buy the coins, and ultimately we determine the consensus.
The businesses and miners are just service providers, some have deep wallets, but they are not bottomless.
Most importantly none of us will let Bitcoin be controlled by private meetings and agreements in which we have no say. B2X can get the fuck-off my precious Bitcoin.

You are right, users do have the power. They have the power to determine consensus after the decisions of the economic majority have been made. The interests of the economic majority is to appease it's users through making a long term working product which the free market will want; not to intentionally destroy their own investment. More demand turns into more profit for these interests.

If you the user believe the economic majority to be making the wrong decision you are free to go support another project. After all, you hold the power.

Users are the economic majority and users will never support Bitcoin Corporate (or whatever name is added to Bitcoin). Some miners will learn this lesson the hard way.

[HanvanBitcoin]

SegWit activation this period? YES!
Activation expected at ≈Thu, 24 Aug 2017 01:56:39 GMT.

Still 44 blocks needed for SegWit to activate.
Activation period is at 97.8%.

[rjclarke2000]

SegWit activation this period? YES!
Activation expected at ≈Thu, 24 Aug 2017 01:56:39 GMT.

Still 44 blocks needed for SegWit to activate.
Activation period is at 97.8%.

Nice update there. Thanks Hanvan

[jbreher]

....meanwhile up on the hill


http://www.altcointoday.com/congressional-candidate-now-accepting-bitcoin-donations-2018-election/

Hmmm.'Round these parts, back in the 2014 election, both major party candidates for U.S. house were taking bitcoin contributions. I actually set one of them up to do so.

[aesma]

Since miners mostly dump coins as soon as they're mined, do they really hold that much power ?

[Last of the V8s]

Milli-Satoshi are the native unit of the Lightning Network. A milli-satoshi is simply 1/1000th of a satoshi.
https://github.com/lightningnetwork/lnd/releases/tag/v0.3-alpha
 Roasbeef released this 32 minutes ago

[infofront]

How will 2x fail when it has 90% ecosystem support?

On the contrary. B2X has 90% ecosystem rejection.
The same situation we already had with Bitcoin Classic, Bitcoin XT, Bitcoin Unlimited, now with Bitcoin Cash, and same will be with Bitcoin 2X. Same people stand behind all of those! Some of them even sold out their bitcoins at $450 claiming that Bitcoin is broken and has no future...

What? Stop spreading misinformation. The economic majority behind Bitcoin have agreed on the 2x blocksize increase. They are the vested interests who have the greatest say as to the future direction of Bitcoin. This has already been agreed upon.

We will be getting a block-size upgrade for BTC and Segwit1x can chose to maintain a non-contentious minority chain if they so chose.

You're the one spreading misinformation.
It wasn't an economic majority, and they didn't agree to switch to jgarzik's btc1 fork.

The NYA was a Jihan/Ver bait 'n switch. That's why we're seeing the signatories of the NYA start to back away from it now.

[BlackFlag]

just a hint:

To get cheaper transactions, you have to:

Install a SegWit-supporting wallet.
Receive money on new SegWit addresses, which start with 3. You must generate new addresses; your old addresses will never be SegWit addresses. Note that not all addresses starting with 3 are SegWit addresses, and it is impossible to tell just from looking at an address whether it is a SegWit address.
Whenever you spend BTC which you have received via SegWit addresses, you will receive the SegWit discount. If you send a transaction spending some BTC received via non-SegWit addresses and some BTC received via SegWit addresses, you will receive a partial discount. The destination address doesn't matter.
There are no compatibility issues: non-SegWit wallets can send BTC to SegWit addresses, and SegWit wallets can send BTC to non-SegWit addresses.
https://en.bitcoin.it/wiki/Block_weight#Summary:_.22How_do_I_get_cheaper_transactions.3F.22

[suzanne5223]

Have Xapo and Coinbase and such released their BCH's to users yet? I'm sure there will be a pump before that happens. And a monumental dump when they do.

Your bitcoin cash remain safe and store on coinbase network. However, coinbase are planning to support the bitcoin cash when it Jan 1 2018 and once they support bitcoin cash will be able to withdraw your bitcoin cash. For xapo no exact time or date was mention.
Moreso, there will be bitcoin pump but bitcoin cash will be dump when coinbase support the bitcoin cash.