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

[Torque]

I bring it up every time we have this discussion. Fees should be low enough to be meaningless for the average paycheck-to-paycheck worker bee. It isn't and hasn't been for a while.

I agree. And if LN fails, then the naysayers might have a case. But right now they haven't even given LN a chance to prove itself.

And listen, most people don't understand what these asshole mega miners and whale traders really want. You think they want bigger blocks so they can lower fees for Average Joe's daily coffee buying benefit? Fuck all no.

What they want is not just faster on-chain transactions, but on-chain High Frequency Trading. They want high speed transactions on-chain, so they can high frequency wash trade and front run all the transactions worldwide. That's it. That's the real motivation behind it all. Mining datacenter hardware becomes the new HFT, Wall Street like platform. Plus they want complete, centralized control over the Bitcoin protocol and updates.

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[mymenace]

Found these questions popping up, interesting.


1) What is segwit?

2) Who is behind segwit?

3) Who is Blockstream?

4) Is bitcoin broken?

5) Why is it not?

6) Why do they say it is?

7) How long has block size debate being going on?

8 ) What are side chains?

9) How do side chains solve blocksize debate?

10) How does network, storage and cpu upgrades help blocksize?

11) Why is bitcoin unique to other coins?

12) Who would want bitcoin broken?

13) Why does bitcoin lag in software development?

14) What is unique about the bitcoin software environment?

15) Why is trust and transparency important?

 

There is one very simple answer. Segwit makes bitcoin sidechains possible. Only sidechains can solve the scaling problem. There won't be one solution for the scaling problem. There will be many sidechains. Because different people have different ideas about money. Competition between bitcoin sidechains will show us the way.

Not to disagree but from other sources

RSK is the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merge-mining, allowing them to actively participate in the Smart Contract revolution. RSK goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher-scalability.

[Ibian]

Found these questions popping up, interesting.


1) What is segwit?

2) Who is behind segwit?

3) Who is Blockstream?

4) Is bitcoin broken?

5) Why is it not?

6) Why do they say it is?

7) How long has block size debate being going on?

8 ) What are side chains?

9) How do side chains solve blocksize debate?

10) How does network, storage and cpu upgrades help blocksize?

11) Why is bitcoin unique to other coins?

12) Who would want bitcoin broken?

13) Why does bitcoin lag in software development?

14) What is unique about the bitcoin software environment?

15) Why is trust and transparency important?

 

There is one very simple answer. Segwit makes bitcoin sidechains possible. Only sidechains can solve the scaling problem. There won't be one solution for the scaling problem. There will be many sidechains. Because different people have different ideas about money. Competition between bitcoin sidechains will show us the way.

Sounds like another way to say altcoins.

[jojo69]

Beware of anyone using emotional terms like "bigblocktards" and the like. Arguments matter people, not emotional outbursts.

Indeed.  Any time I read anything like "bigblocktard" or "insane raspberry pi fetish" I move to the next post.

There are very real issues for debate, mere propaganda does a disservice to the thread.

[sirazimuth]

I notice that chatty ballet dancer dude seems to have buggered off in the middle of this shitstorm.
Cant say I blame him really...

[Lopumbo]

well, off-chain solutions are senseless if i only want to send an amount to an adress one time, because i have to open a channel on-chain.
that means for simple transactions (e.g. exchange-> wallet) its completly useless.

i have no idea why the "core" developers (or what's left of them) did not just implemented fast difficulty adjustment with variable blocksizes.
no they come up with "SegWit"...and you don't need segwit to do side-chains...

[Remember remember the 5th of November]

Beware of anyone using emotional terms like "bigblocktards" and the like. Arguments matter people, not emotional outbursts.

Indeed.  Any time I read anything like "bigblocktard" or "insane raspberry pi fetish" I move to the next post.

There are very real issues for debate, mere propaganda does a disservice to the thread.

How do you expect to have quality conversations and debates when you have shills, spammers  and scammers freely roaming this forum.

I too wish to partake in those discussions, and I mean with serious logical and objective opinions, but that is difficult.

[AlcoHoDL]

https://www.bitcoincash.org/letter-from-the-ceo.pdf
OFFICIAL STATEMENT
COMMUNIQUÉ OFFICIE

Have you all read this sh*t? If you haven't, just read it. All of it. I don't think there's more to be said about this "coin"... I know the "enemy" has power, but I expected them to be better than this load of cr@p contained in this "Letter from the CEO"... Wow, we have a CEO now!

[Ibian]

https://www.bitcoincash.org/letter-from-the-ceo.pdf
OFFICIAL STATEMENT
COMMUNIQUÉ OFFICIE

Have you all read this sh*t? If you haven't, just read it. All of it. I don't think there's more to be said about this "coin"... I know the "enemy" has power, but I expected them to be better than this load of cr@p contained in this "Letter from the CEO"... Wow, we have a CEO now!

It's the SJW coin. It's the usual pattern. Intelligent and visionary risk takers DO STUFF. Once the groundwork has been laid and things are rolling along in relative calm all the people who just want to tear others down join in. And here we are.

We can't let them win even once, because that's all it takes. They don't care about logic or morals or any of that stuff. The only way to dislodge them after they take over is through physical violence. Let's not let it get to that point, the world can't afford a complete financial collapse with no viable options to turn to.

I am deadly serious when I say that we may be working to save the world from another world war.

[True Myth]

Can't wait until BTC pulls back up from this dip so, this thread can go back to Carolina memes and train videos...

[Ibian]

Can't wait until BTC pulls back up from this dip so, this thread can go back to Carolina memes and train videos...

That's another very important human flaw. During war all people can think of is peace. But during peace nobody thinks about war. We should, because peace is always temporary, and the better we prepare for war the better chance of surviving.

[pera]

Here an astrological reading for the coming days:

• Bitfinex, Bittrex, and Bithumb are walking through the valley of the shadow of la mort.
• The wrath of the dragon of the east is about to begin, be ready.
• Bitcoin will soon, and once again, show to be the king of kings.

 

[Hyperjacked]

Let us Bathe in The Glory of its Magnificence.

Gotta make a gif with the 1950's nuke tests with those same jamokes...rotflmao!

How about this classic...  

Looks like the guys from fast money.

[jojo69]

It's the SJW coin.

sigh

and in the next breath, an othering with appeal to emotion, profoundly disappointing

[Torque]

I think this will the dumpers last gasp. BTC now 3.1X more profitable to mine than BCH.

https://fork.lol/

[Ibian]

It's the SJW coin.

sigh

and in the next breath, an othering with appeal to emotion, profoundly disappointing

What else? There is no war without othering. On all sides. Also, they chose that name. It's not any kind of slur or whatever your objection is (except to the extent that calling a conman a conman is an insult - is it, in your opinion?).

[True Myth]

Can't wait until BTC pulls back up from this dip so, this thread can go back to Carolina memes and train videos...

That's another very important human flaw. During war all people can think of is peace. But during peace nobody thinks about war. We should, because peace is always temporary, and the better we prepare for war the better chance of surviving.

That's some real Niccolò Machiavelli stuff right there...

[jojo69]

Come, Ibian, terms like "social justice warrior" are emotionally loaded.  You may as well have said "libtard".  Really, it is beneath you.

[ivomm]

Time for the next ATH contest. My date is 15 Dec 2017.  

[Ibian]

Can't wait until BTC pulls back up from this dip so, this thread can go back to Carolina memes and train videos...

That's another very important human flaw. During war all people can think of is peace. But during peace nobody thinks about war. We should, because peace is always temporary, and the better we prepare for war the better chance of surviving.

That's some real Niccolò Machiavelli stuff right there...

Do you have a counterargument to it? I would like to hear it if so. Being wrong is the highlight of my day, because it's a chance to learn something new. Especially when I turn out to be wrong about a conclusion I don't like, such as in this case. So, if you have something to share?