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

[cAPSLOCK]

Hey guys, i noticed the size is only 0.3 https://blockchain.info/block/000000000000000000bc331eb461d522cb3673b3881217dc30c6a5cf91710f23

Shit like that should be fucking rejected.

Should be a network rule that if there are sufficient transactions to fill a block, that if you don't >90% fill it then your block is invalid.


481831 (Main Chain)   2017-08-24 03:49:31   BitFury   0000000000000000008c40ba590fe957fb31ba256c82ae3ea4c378f46e3aa9b3      999.11
481830 (Main Chain)   2017-08-24 03:34:51   BitFury   000000000000000000168d1252b6df5a1d58085e3553522b88760dd79a614e4b   999.23
481829 (Main Chain)   2017-08-24 03:30:37   Bixin      000000000000000000917cba69f69b758fe396c8e30ae97bbcf08c4eb975e726      998.32
481828 (Main Chain)   2017-08-24 02:54:58   AntPool   000000000000000000bc331eb461d522cb3673b3881217dc30c6a5cf91710f23   0.3
481827 (Main Chain)   2017-08-24 02:51:10   BATPOOL   000000000000000000509863d58a52dbe2ec811d91619f164dab3fe9177874b4   999.29
481826 (Main Chain)   2017-08-24 02:44:20   BitFury   000000000000000000df9314ff6dd5aa8ce15d4e418fa3f5c4fa9fff4e480811      999.2
481825 (Main Chain)   2017-08-24 02:26:36   Unknown   000000000000000000daf7a26d903543377d5cdddb962077e58fd11212479eea   999.17
481824 (Main Chain)   2017-08-24 01:57:37   BTCC Pool   0000000000000000001c8018d9cb3b742ef25114f27563e3fc4a1902167f9893      989.32

Roll it back to 481827, all those after should be orphaned

I was sort of sympathetic 'till that last part.

Umm... no.

[1715184290]

1715184290

[1715184290]

1715184290

[1715184290]

1715184290

[1715184290]

1715184290

[dakiller]

Hey guys, i noticed the size is only 0.3 https://blockchain.info/block/000000000000000000bc331eb461d522cb3673b3881217dc30c6a5cf91710f23

Shit like that should be fucking rejected.

Should be a network rule that if there are sufficient transactions to fill a block, that if you don't >90% fill it then your block is invalid.


481831 (Main Chain)   2017-08-24 03:49:31   BitFury   0000000000000000008c40ba590fe957fb31ba256c82ae3ea4c378f46e3aa9b3      999.11
481830 (Main Chain)   2017-08-24 03:34:51   BitFury   000000000000000000168d1252b6df5a1d58085e3553522b88760dd79a614e4b   999.23
481829 (Main Chain)   2017-08-24 03:30:37   Bixin      000000000000000000917cba69f69b758fe396c8e30ae97bbcf08c4eb975e726      998.32
481828 (Main Chain)   2017-08-24 02:54:58   AntPool   000000000000000000bc331eb461d522cb3673b3881217dc30c6a5cf91710f23   0.3
481827 (Main Chain)   2017-08-24 02:51:10   BATPOOL   000000000000000000509863d58a52dbe2ec811d91619f164dab3fe9177874b4   999.29
481826 (Main Chain)   2017-08-24 02:44:20   BitFury   000000000000000000df9314ff6dd5aa8ce15d4e418fa3f5c4fa9fff4e480811      999.2
481825 (Main Chain)   2017-08-24 02:26:36   Unknown   000000000000000000daf7a26d903543377d5cdddb962077e58fd11212479eea   999.17
481824 (Main Chain)   2017-08-24 01:57:37   BTCC Pool   0000000000000000001c8018d9cb3b742ef25114f27563e3fc4a1902167f9893      989.32

Roll it back to 481827, all those after should be orphaned

I was sort of sympathetic 'till that last part.

Umm... no.

Just my opinion, it is completely up to the network to decide what is valid, and if I was to have my say it would be made invalid.

[jbreher]

Just my opinion, it is completely up to the network to decide what is valid, and if I was to have my say it would be made invalid.

Because you seem to do your thinking from your adrenal gland, rather than from your cerebral cortex.

[Starving_Marvin]

So does anyone notice any difference in the transaction or confirmation speeds now when the segwit is finally activated?

[Elwar]

So does anyone notice any difference in the transaction or confirmation speeds now when the segwit is finally activated?

My bitcoins came through the other side so shiny.

[HanvanBitcoin]

So does anyone notice any difference in the transaction or confirmation speeds now when the segwit is finally activated?

My bitcoins came through the other side so shiny.

[Karartma1]

So does anyone notice any difference in the transaction or confirmation speeds now when the segwit is finally activated?

It's not automatic pal.

The fastest and cheapest transaction fee is currently 420 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 94,920 satoshis.

Still no difference

[BlackFlag]

Segwit is enabled but we will also need the Lightning network
https://lightning.network/

[bitserve]

So does anyone notice any difference in the transaction or confirmation speeds now when the segwit is finally activated?

The effect won't be inmediate but gradual depending on how many users (including exchanges which account for a vast number of tx's) go sending segwit tx's instead of "classic" ones. Maybe something like 25% adoption for the first couple of weeks? Donno.

Also, until LN is in place you will still need to wait for regular block confirmations.

[Lucidius]

Somewhat related - the unconfirmed transactions have dropped from 60K~ a day or two ago, to 38K~

https://blockchain.info/unconfirmed-transactions

[bitserve]

Somewhat related - the unconfirmed transactions have dropped from 60K~ a day or two ago, to 38K~

https://blockchain.info/unconfirmed-transactions

What we don't know is if they are spamming more or less. Anyway, when a good percentage of tx's were segwit they will need to dedicate more resources to keep spamming.

Atm the percentage of segwit tx's is still negligible.

[JayJuanGee]

So does anyone notice any difference in the transaction or confirmation speeds now when the segwit is finally activated?

My bitcoins came through the other side so shiny.

I noticed also that segwit shit does not stink.. It is really amazing stuff - we may need a marketing team for it.


I know the perfect marketters:  Roger, Jihan and Craig... Let's get them marketing this.   

[aesma]

Segwit is NOT activated.

It is locked in, meaning it will activate. In three months.

A bit like when the US president is elected. He must still wait months before actually entering the White House.

[JayJuanGee]

Segwit is NOT activated.

It is locked in, meaning it will activate. In three months.

A bit like when the US president is elected. He must still wait months before actually entering the White House.

OH MY.....  

How could you be participating in this thread for the past several months and not realize that segwit has just been Activated....



HELLO!!!!!!!!!!

First BIP 91 passed (in mid July), then two weeks later, Segwit began its lock in period which ended about August 8.  Then these past two weeks have been the delay before the actual ACTIVATION.

Activation took place today.. starting about 6 hours ago-ish.     HELROW!!!!    WAKE URSELFIE UPPIE!!!!   

[bitserve]

Segwit is NOT activated.

It is locked in, meaning it will activate. In three months.

A bit like when the US president is elected. He must still wait months before actually entering the White House.

WUt?? It has been activated. There already are some Segwit tx's. Very few yet, but give it time....

Today is exactly like the first day Trump enter the White House... uhhh, no, well, forget the trump part... It's activated

[aesma]

Segwit is NOT activated.

It is locked in, meaning it will activate. In three months.

A bit like when the US president is elected. He must still wait months before actually entering the White House.

OH MY.....   

How could you be participating in this thread for the past several months and not realize that segwit has just been Activated....



HELLO!!!!!!!!!!

First BIP 91 passed (in mid July), then two weeks later, Segwit began its lock in period which ended about August 8.  Then these past two weeks have been the delay before the actual ACTIVATION.

Activation took place today.. starting about 6 hours ago-ish.     HELROW!!!!    WAKE URSELFIE UPPIE!!!!   

You're right, I guess the bigblockers got to my head ! It's Segwit2X that we're "waiting for".

[JayJuanGee]

Segwit is NOT activated.

It is locked in, meaning it will activate. In three months.

A bit like when the US president is elected. He must still wait months before actually entering the White House.

OH MY.....   

How could you be participating in this thread for the past several months and not realize that segwit has just been Activated....



HELLO!!!!!!!!!!

First BIP 91 passed (in mid July), then two weeks later, Segwit began its lock in period which ended about August 8.  Then these past two weeks have been the delay before the actual ACTIVATION.

Activation took place today.. starting about 6 hours ago-ish.     HELROW!!!!    WAKE URSELFIE UPPIE!!!!   

You're right, I guess the bigblockers got to my head ! It's Segwit2X that we're "waiting for".

Hahahahaha...    You are not a true BIGBLOCKER yet, if you are able to admit that you were wrong...

You better go back to BIGBLOCKER training until you can come out swinging with MOAR confidence -   


So, Yeah, if we are talking about segwit2x, then today is the day that the clock begins to run regarding that nutty-ass proposition.

If you think about segwit2x, the 2x part remains retarded because there is still no clarity regarding what it requires, exactly, and you would think that the whole segwit2x was premised on a kind of compromise that would allow a possible path forward for bitcoin and to avoid other hardforks (because supposedly segwit2x would be achieve through a hardfork).
 It seems that this renegade hardfork, aka BCash, kind of fucked up the whole premise of segwit2x by prematurely and unilaterally changing a variety of foundational presumptions of the 2x part of segwit2x.

Another interesting 3 months in front of us and to see how many more attempts at extreme surprises come to bitcoin in the next 3 months - never a dull day in bitcoin, and maybe attempts at extreme surprises should be the rule, rather than the exception, these days? They gotta become more extreme in order to be effective, no?  China bans bitcoin.. that wont work... Satoshi lives, no tried that... bitcoin is not scaling, hm not too convincing... Bitcoin going to hardfork.. didn't seem to be effective...   Big blockers gotta play harder ball each time?  What is the market going to do?

ON a personal level prepare for both directions ... up and down... right?

[Mrpumperitis]

so whos gona pay for lightining subscription?
who wants to pay for a btc wallet?
how much % will the prices go up per yr?
get used to this...this is what you guys wanted.

[bitserve]

http://veekyforums.com/thread/3186191/business/the-lighting-network-requires-a-subscription-fee.html
 

What a bunch of bullshit and disinformation there. Do you really believe that?

[Mrpumperitis]

http://veekyforums.com/thread/3186191/business/the-lighting-network-requires-a-subscription-fee.html
 

What a bunch of bullshit and disinformation there. Do you really believe that?

yea i do, ive been sayin things like this will happen for past 3weeks...
if is its true , how would you feel?

heres a comment from a reader.
the idea that you pay a monthly bill to blockstream instead of paying per transaction is *really* bad. do you need me to explain why? it's not the "same thing."

another...Requires locking funds into a payment channel, like a bank account
Funds stay locked up until you pay to close the channel, like a bank account
Fees go to channel provider, who is most likely a bank, banking 2.0
Provider can force channels closed, require registration, AML/KYC, fully vulnerable to government confiscation

[–]luke-jrLuke Dashjr - Bitcoin Core Developer 29 points 10 hours ago
In the short term, Lightning should reduce on-chain fees significantly.
Essentially they become subscription fees to use Bitcoin, rather than per-transaction fees.