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

[arklan]

I'm very not liking all this uncertainty around the fork/CME starting up. Everything I'm seeing suggests Segwit2x will have a small amount of miners, but people are talking doom.

I don't get it.

[afbitcoins]

So you want bitcoinunlimited to replace it and the core?

well, name me a coin that is

completely private (hides transactions, amounts, adresses etc.)
this includes fungibility
no transaction malleability
adaptive blocksize
faster difficulty adjustment
is asic proof
has inflation

...

You had me until "has inflation"

Federal Reserve Notes?

Has inflation (of supply ) which decays over time at a pre-determined rate

https://bitcointalk.org/index.php?topic=130619.msg1397456#msg1397456

[JimboToronto]

I'm very not liking all this uncertainty around the fork/CME starting up. Everything I'm seeing suggests Segwit2x will have a small amount of miners, but people are talking doom.

I don't get it.

No doom from me. When I talk about a new pre-fork bottom I'm just anticipating the usual short-lived panic of weaklings and the reallocation of coins that were bought to be in on the fork.

I have no doubt that all my old paper wallets will increase in value.

[conspirosphere.tk]

You don't consider Coionomi safe?

I consider it safe enough to try to import my old wallets' btc keys (after moving my btc) and keep some of my alts in, so I'm going to try with that.

bitcoinunlimited

Did I miss a fork with more free money in?

[afbitcoins]

I'm very not liking all this uncertainty around the fork/CME starting up. Everything I'm seeing suggests Segwit2x will have a small amount of miners, but people are talking doom.

I don't get it.

Two segwit branches fighting over 1M or 2M blocks feels irrelevant to me on a technical level. Both are almost the same, the diff in block size between 1M and 2M isn't that big. Its more like a battle of egos or a battle to gain control of the bitcoin brand, or an attempt to sack the core developers. Honey Badger don't care.

Or

From another point of view the problem is that forks are muddying the water, bitcoin as a concept was once clear but now is not. Additionally the limit of 21million has been cloned to 42million to 63million and so on, of different types.  So far bitcoin (or the chain that is perceived to be bitcoin) is continuing on happily but the seeds are being sown for the crypto winter to come.

Is that the DOOOM you speak of?

[ragnar0k]

an attempt to sack the core developers

I love it when they say that on proS2X forums... I don't think they really have a clue of what open source is

[jbreher]

Everything I'm seeing suggests Segwit2x will have a small amount of miners

Everything?

Well, there is the fact that the overwhelming majority of blocks are indicating support for S2X.

[fluidjax]

Everything I'm seeing suggests Segwit2x will have a small amount of miners

Everything?

Well, there is the fact that the overwhelming majority of blocks are indicating support for S2X.

I'm indicating for a chocolate fudge sundae, but I still don't have one.

[jbreher]

Everything I'm seeing suggests Segwit2x will have a small amount of miners

Everything?

Well, there is the fact that the overwhelming majority of blocks are indicating support for S2X.

I'm indicating for a chocolate fudge sundae, but I still don't have one.

Yeah, I get it. Whether the stated preference is honored in the end is an unknown. I'm just pointing out that it takes a special type of myopia to be unable to see the most prevalent and the only non Sybil-able indication of preference.

[Last of the V8s]

You really think all those meetups voting #no2x were sybil-attacked? Seems unlikely.
10 lazy miners vs thousands of true believers

[TheFlynn49]

Yeah, I get it. Whether the stated preference is honored in the end is an unknown. I'm just pointing out that it takes a special type of myopia to be unable to see the most prevalent and the only non Sybil-able indication of preference.

This works both ways btw. If some player change its mind and finally mine 2X despite what it announced,
1X could be in trouble.

[Last of the V8s]

https://www.lamborghini.com/en-en/news/lamborghini-unveils-future-sports-car-emtech-mit

MIT does unspeakable things. This time to Lambos.

[Miz4r]

Everything I'm seeing suggests Segwit2x will have a small amount of miners

Everything?

Well, there is the fact that the overwhelming majority of blocks are indicating support for S2X.

I'm indicating for a chocolate fudge sundae, but I still don't have one.

Yeah, I get it. Whether the stated preference is honored in the end is an unknown. I'm just pointing out that it takes a special type of myopia to be unable to see the most prevalent and the only non Sybil-able indication of preference.

Doesn't mean shit when there is no real money on the line yet. Once the fork happens and the market assigns a value to both sides of the fork it will be a whole new ballgame for miners and you can be sure the large majority will be following the money.

[Paashaas]

Yeah, I get it. Whether the stated preference is honored in the end is an unknown. I'm just pointing out that it takes a special type of myopia to be unable to see the most prevalent and the only non Sybil-able indication of preference.

This works both ways btw. If some player change its mind and finally mine 2X despite what it announced,
1X could be in trouble.

Core's last node update to Satoshi:0.15.0.1 will reject all 2x mined blocks. Worst thing will happen is slow blocks and higher fees temporary. While the non-tech users having a chance losing there money because of missing out of replay protection.

Also, dont listen to Jbreher, he just a bigblocker who loves centralization while copy pasting all kind of stuff.

[TheFlynn49]

Core's last node update to Satoshi:0.15.0.1 will reject all 2x mined blocks. Worst thing will happen is slow blocks and higher fees temporary. While the non-tech users having a chance losing there money because of missing out of replay protection.

ok. But miners could play tricks and mine 1X again a few hours before the next difficulty switch, thus keeping the difficulty high artificially. Honestly I don't panic about that, I trust the 1X devs to do whatever has to be done if it's getting ugly.

Also, dont listen to Jbreher, he just a bigblocker who loves centralization while copy pasting all kind of stuff.

lol

[FractalUniverse]

Looks like there are not many B2X supporters in this thread.
To be honest, I dont understand why should ordinary bitcoin users (not big miners) support it over BTC

[bitcoinPsycho]

looking at the 2 hour optimism chart it very clear to me that we're going up again an should hit $7300 in the next few hours(also go litecoin go)

[gentlemand]

Looks like there are not many B2X supporters in this thread.
To be honest, I dont understand why should ordinary bitcoin users (not big miners) support it over BTC

Are there any B2X supporters anywhere? I've hardly come across a single one out in the wild.

[JayJuanGee]

OK, I'm out. Sold everything @ 6120 euro. Only have some Dash and Byteball left. Gonna watch this whole Segwit2X-thing from the sidelines, I'll buy back cheaper or more expensive depending on the outcome.

Hope this selling everything pans out as well as the last time I did.

Did you leave the money or the exchange or withdraw it?

I left it on the exchange as I will be buying back (either cheaper or more expensive).

Similar to me Julian, also holding  Dash and Byteball both very interesting projects (and some bitcoin cash). I haven't cashed all by bitcoin segwit but a significant chunk, only because I have other uses for it. Bitcoin segwit can go up down or sideways from here, I'm happy with my decision.  

Besides bitcoin segwit is beginning to veer away from the cash concept towards being settlement layer for offchain transacting, not my favourite direction. I remain invested because it has retained the bitcoin brand and lots of support with that.

You can fuck off with your "bitcoin segwit" bullshit, and your attempt to suggest that there is some other bitcoin, currently.  At this particular time there is one bitcoin, and the segwit that got added to bitcoin in July/August was a process of reaching actual consensus (have you heard about that?) locking in, activation, and currently development and incorporation.

Yeah, there are ongoing attacks on bitcoin to try to create other bitcoins, to dilute bitcoin or to take over bitcoin or to create confusion, but at this particular time, as I type, there is only one bitcoin and it is not called bitcoin segwit, even though most of us recognize what the fuck you are referring to.  

I understand that you and some of the nutjob BIG blockers want to use inflammatory terms because you seem to be in a state of denial that actually 95% and greater consensus actually caused the implementation of segwit into bitcoin, but there  is no fucking such thing as bitcoin segwit, at the moment, there is only bitcoin - even though in your fantasy attack on bitcoin world, you want bitcoin to become either an equal or a lesser than your other proposed pump fuck variations.

[Dabs]

Users who ignore forks won't be bothered much, even without replay protection on the forks, as long as they don't reuse any addresses. See if something happens on bitcoin, like a transaction, it can or will happen on the fork. If you ignore the fork coin, then nothing happens to your bitcoins. Essentially, abandoning your fork coins makes them valueless. If some hacker gets the replayed coins, then the real owner may complain or report about this, then the fork coins has no value to the bitcoin owner.

If there is some sort of replay protection even if done manually or through some special address or what, a lot of people will just do that, dump the fork coins, and buy more bitcoins.

The other way around does not seem likely, unless someone wants to gamble.

All an exchange needs to do is not support the fork coin and not give any of them to the owners, and say they got hacked, and fork coins get stolen by hackers. If the volume or amount of fork coins is large enough, that will drive the price down close to zero.

Again, the other way around is not likely to happen.