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

[Ibian]

We don't need shit. The split happened and nobody likes it but it is what it is. If they manage to outperform us with the current rules then FUCKING DEAL WITH IT. Sink or swim.

[becoin]

If they manage to outperform us

Ver and Wu to outperform Bitcoin?!... Are you nuts?

[Ibian]

If they manage to outperform us

Ver and Wu to outperform Bitcoin?!... Are you nuts?

Then where is the major crisis that prompts a we need...

[becoin]

If they manage to outperform us

Ver and Wu to outperform Bitcoin?!... Are you nuts?

Then where is the major crisis that prompts a we need...

What crisis? Ver and Wu decided to give some free money. They are most welcome. That is all. Next fork, please!

[JimboToronto]

Good morning Bitcoinland.

Down slightly but still basically sideways... currently $4308USD/$5377CAD (Bitcoinaverage).

AltcoinCash also down a smidgen... $626USD/$781CAD (Coinmarketcap).

Ho hum. Yawn.

[gentlemand]

wtf is going on with Monero?
 

It's about to be listed in Korea. They're the new king of degenerate pumps. Expect a fine fall once they've had their fun.

[Last of the V8s]

wtf is going on with Monero?
 

It's about to be listed in Korea. They're the new king of degenerate pumps. Expect a fine fall once they've had their fun.

Your insolence toward Comrade Kim has been #noted. Expect a fine. And no fun. Ever.

[Ludwig Von]

wtf is going on with Monero?
 

It's about to be listed in Korea. They're the new king of degenerate pumps. Expect a fine fall once they've had their fun.

Your insolence toward Comrade Kim has been #noted. Expect a fine. And no fun. Ever.

Kim has rocket tech! Not shouting to the moon, but shooting to the moon! (it most probably will miss)

[BlindMayorBitcorn]

We need a proof of work change. How low do you think that will drop us?

Something less drastic could also work. Something that wouldn't fck up the "good guys" as much. I'm thinking along the lines of a coinbase penalty depending on mempool size - or something proportional to the average fee of transactions left in the mempool. The main problem I see with such a fix is that it would require a fork. Would a soft fork do? I doubt it, mainly because of the problems with non-upgraded clients.

Won't we have to hard fork for replay protection anyway? (Total noob question.)

Such a coinbase penalty would be messing with the inflation schedule.  Also, the mempool is not consistent across nodes.  A freshly broadcast transaction may not be visible to everyone.  So, we would need mempool commitments.  Something like a blockchain could work for that .

You guys really crack me up with these "we need to do this or that" pontifications. As if anyone here is even remotely involved in the development of Bitcoin.

But by all means, go forth and make it happen!  

That's it!

*storms off, codes better bitcoin, adds blackjack and hookers*

[Last of the V8s]

missed this from last year https://medium.com/ill-ixi-lli/-da9326e97d1f
Bitcoin = Death Processors
What we call money is largely just cached murder. Bitcoin takes this lethal abstraction into direct competition with our own lives… by creating a makework network that sinks resources and electricity into pushing computers to their limits—for no actual purpose.

this guy may be particularly dotty, but i suppose it's a reminder that we'll get a lot of criticism in years to come from envirowhiners
(if we tune in to the masses' opinions at all as we sip our boat drinks on our superyachts surrounded by supermodels)


edit/add https://digiconomist.net/bitcoin-energy-consumption

[yermom]

missed this from last year https://medium.com/ill-ixi-lli/-da9326e97d1f
Bitcoin = Death Processors
What we call money is largely just cached murder. Bitcoin takes this lethal abstraction into direct competition with our own lives… by creating a makework network that sinks resources and electricity into pushing computers to their limits—for no actual purpose.

this guy may be particularly dotty, but i suppose it's a reminder that we'll get a lot of criticism in years to come from envirowhiners
(if we tune in to the masses' opinions at all as we sip our boat drinks on our superyachts surrounded by supermodels)

Energetic companies shall fall then. What a mess... another middleman less

[cAPSLOCK]

wtf is going on with Monero?
 

Could be only a "pump" in front of the upcoming Bithumb listing.  But I think it is also a little legitimate correction.  That alt project is one of the few which has actual utility, and I think it would deserve BCH's place more than BCH does.  I image it's not done going up yet, and i agree there will be an inevitable counter correction when it is done with this run.  I am not much of a trader so it's all just fireworks for me.

[aesma]

If they manage to outperform us

Ver and Wu to outperform Bitcoin?!... Are you nuts?

Then where is the major crisis that prompts a we need...

Major crisis I don't know but sending bitcoins is again a major pain. Or rather, majorly expensive. When every service will have segwit wallets it will be better but we're not there yet.

[CoinCube]

Gay frogs; the science - Atrazine induces complete feminization and chemical castration in male African clawed frogs (Xenopus laevis)

All jokes aside this is a very important study that everyone should read.

I have posted my thoughts on it here:
https://bitcointalk.org/index.php?topic=1373864.msg21230736#msg21230736

[d_eddie]

We need a proof of work change. How low do you think that will drop us?

Something less drastic could also work. Something that wouldn't fck up the "good guys" as much. I'm thinking along the lines of a coinbase penalty depending on mempool size - or something proportional to the average fee of transactions left in the mempool. The main problem I see with such a fix is that it would require a fork. Would a soft fork do? I doubt it, mainly because of the problems with non-upgraded clients.

Won't we have to hard fork for replay protection anyway? (Total noob question.)

Such a coinbase penalty would be messing with the inflation schedule.

Of course it would, but it would be a problem only for the particular non abiding miner. All other parties would see the value of their BTC increase, even if admittedly by a tiny amount. In general, a tighter cap on programmed inflation doesn't seem to be such a big issue.

  Also, the mempool is not consistent across nodes.  A freshly broadcast transaction may not be visible to everyone.  So, we would need mempool commitments.  Something like a blockchain could work for that .

This is more serious and possibly a show stopper. Pity, because automated, mathematical retribution for spammers is every user's wet dream. I just tried my hand at the conceptual level. As someone else pointed out ("go code it, bro, or it's just fluffy talk"), there's probably little need for armchair protocol improvers.

[d_eddie]

Gay frogs; the science - Atrazine induces complete feminization and chemical castration in male African clawed frogs (Xenopus laevis)

All jokes aside this is a very important study that everyone should read.

I have posted my thoughts on it here:
https://bitcointalk.org/index.php?topic=1373864.msg21230736#msg21230736

Interesting read. I can't help but be reminded of Base Commander Jack D. Ripper in Dr. Strangelove.

[Last of the V8s]

[gentlemand]

I think we'll have to wait for Malia Obama to become president before that happens. Or Snoop Dogg.

[savetherainforest]

What crisis? Ver and Wu decided to give some free money. They are most welcome. That is all. Next fork, please!

 And the best part about Roger's Magical Fun-Bucks Adventure, is that much of it is being put right back into Bitcorn.

 B_itCH is most lucrative thing that has ever happened to me, financially, since getting into Bitcorn.

 AND I STILL HAVE ALL THE BITCORN I STARTED WITH, AND MORE !!!

 Honey badger is grinning.

EDIT: IMPORTANT : Q3 taxes are due to the IRS on Sept 15th. I would highly advise contacting your accountant, and submit a Q3 payment voucher for your tax liabilities. Otherwise, you'll face penalties at the end of the year.

Being an US citizen sucks! ... you should all quit and move to another "crypto" state... just change your coin!!!

[CoinCube]

Gay frogs; the science - Atrazine induces complete feminization and chemical castration in male African clawed frogs (Xenopus laevis)

All jokes aside this is a very important study that everyone should read.

I have posted my thoughts on it here:
https://bitcointalk.org/index.php?topic=1373864.msg21230736#msg21230736

Interesting read. I can't help but be reminded of Base Commander Jack D. Ripper in Dr. Strangelove.

To each his own. It reminded me of the Romans and the great pride they had in their extensive network of lead pipes, lead cooking and drinking vessels and lead based makeup.

Lead in ancient Rome’s city waters
http://www.pnas.org/content/111/18/6594

By measuring Pb isotope compositions of sediments from the Tiber River and the Trajanic Harbor, the present work shows that “tap water” from ancient Rome had 100 times more lead than local spring waters.