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

[OdalvHacked]

Is he a developer? He was in here shilling for BCH at 0.45!

He's a BU developer / promoter, and a centralization shill that wants to push 1 GB blocks onto the network. I guess NSA and Google will be the ones running nodes in Peter R's version of Bitcoin.

... yeah, calling himself a developer is a little generous. He's like the bizarro-world version of one of those guys who call themselves 'evangelists', except what is it called when you are shilling for Satan?... like Son-Of-Sam for BCH or something, his dark arts in pure charlatanry is pretty impressive.

Thanks for the compliment.  

By the way, have you analyzed the new difficulty adjustment algorithm for Bitcoin Cash (live today) and the effect it may have on the migration of hash power between Core and Cash?

Remember readers, if you hold Bitcoin Core and Bitcoin Cash in equal proportions, you can sit back and watch the whales battle it out.  If you don't have inside information, you're at a significant disadvantage when trading.

Bitcoin has a very bright future, as we bring peer-to-peer electronic cash to all of the world's population.

If you are average smart enough then you know that selling BCH will make you a lot of money.

[Torque]

Presently, Core has the advantage.  That might change however.

Well if you are sure that the free market will decide, then why are you campaigning so hard for BCH on this sub forum thread?

I can go back on your posting history to prove that for the last 3-4 years you've never posting anything in this WO thread. And now all of a sudden you are here. Along with all the other BCH shills and trolls.

If you are sure that BCH will win long term, then leave us alone and go off and do some BCH pre-victory laps... or something. The free market will sort it out.

[becoin]

Nothing is wrong with it.

Really? Then why don't you just use Bitcoin Cash and forget about Bitcoin?

[vroom]

From my perspective, it is Blockstream/Core that are tampering with Bitcoin, by refusing to allow a much-needed capacity increase to reduce fees and allow for continued growth

Don't you already have Bitcoin Cash that allows continued growth? What's wrong with it?

Nothing is wrong with it.  That's why we're working on it.  To continue building Bitcoin as a P2P eCash system.  

Right now the market and the miners are trying to figure out which is superior: Bitcoin Cash or Bitcoin Core.

there is no skill behind making a block bigger. zero innovation. no skill = no value

[Last of the V8s]

From my perspective, it is Blockstream/Core that are tampering with Bitcoin, by refusing to allow a much-needed capacity increase to reduce fees and allow for continued growth

Don't you already have Bitcoin Cash that allows continued growth? What's wrong with it?

Nothing is wrong with it.  That's why we're working on it.  To continue building Bitcoin as a P2P eCash system.  

Right now the market and the miners are trying to figure out which is superior: Bitcoin Cash or Bitcoin Core.

there is no skill behind making a block bigger. zero innovation. no skill = no value

he's doing it for the dollars from his research grants

[P_Shep]

I consider the BCH team to be as reprehensible as if they they orchestrated a 51% attack on the bitcoin network.

[BTCMILLIONAIRE]

I consider the BCH team to be as reprehensible as if they they orchestrated a 51% attack on the bitcoin network.

Sound about right.

[Last of the V8s]

Jaysus people don't buy all the bitcoins or there'll be nothing left for the Wall Street fraudsters.

[OdalvHacked]

Why are you reacting so emotionally?  You have held bitcoin for a long time, and so you would have equal coins on both the Bitcoin Core and Bitcoin Cash chains.  If Bitcoin evolves as peer-to-peer digital cash, with low fees and reliable confirmation, you win; if Bitcoin evolves as digital gold, with high fees and transaction friction, you win too.

I believe in the original vision for Bitcoin as described in the white paper: as a peer-to-peer electronic cash system.  I am working to help shape bitcoin to that vision and will continue to do so.

Could I be wrong?  Sure.  Maybe it actually is good to have $20 fees (soon to be $50) and a network that can only process 3 transactions per seconds (one thousand times less than Visa).  

And that is why I hold both BTC and BCH.  

i react emotionally because YOU play games with my live savings. why the fuck aren´t you creating just another altcoin to realize your great vision? why tamper with bitcoin? if you are not happy with it, leave it. well, you sort of did, but you try to steal as much juice of it as possible, trying to hurt bitcoin as much as possible.

now you expecting me to hug you for it? your game is called hijacking and it is evil.

From my perspective, it is Blockstream/Core that are tampering with Bitcoin, by refusing to allow a much-needed capacity increase to reduce fees and allow for continued growth, and then by fundamentally changing the structure of the BTC coin by adding segwit.  

Bitcoin Cash represents the original vision for Bitcoin as peer-to-peer electronic cash.  I will continue work to realize this vision, and help resist the hijack attempt by Blockstream and Core.

You are stupid. I can only advice you to sell all your bitcoins and buy CASH.  (ooouch, are you refusing?, CASH is not as good as BTC ?)

[Ibian]

take hash power away from Core in "bursts" to drive up network congestion so that the problem with small blocks became more obvious

We still need more throughput. Tactics aside the point is valid.

Exploiting a generally known problem in a system to promote another system is by no means trying to improve the original. But is simply marketing the
other system.  So claiming it is to improve the original is misleading when it is just competing the original.

So fix the problem. Do it a year ago.

[JayJuanGee]

good opportunity to buy more. i dont know where the bottom will be so i'm buying 0.05 at every $300 drop

JJ will be proud of you...

That is exactly what you supposed to be doing....     

[Ibian]

From my perspective, it is Blockstream/Core that are tampering with Bitcoin, by refusing to allow a much-needed capacity increase to reduce fees and allow for continued growth

Don't you already have Bitcoin Cash that allows continued growth? What's wrong with it?

Nothing is wrong with it.  That's why we're working on it.  To continue building Bitcoin as a P2P eCash system.  

Right now the market and the miners are trying to figure out which is superior: Bitcoin Cash or Bitcoin Core.

there is no skill behind making a block bigger. zero innovation. no skill = no value

Original thought is overrated. What matters is what works. Bigger blocks work.

[Wekkel]

From my perspective, it is Blockstream/Core that are tampering with Bitcoin, by refusing to allow a much-needed capacity increase to reduce fees and allow for continued growth

Don't you already have Bitcoin Cash that allows continued growth? What's wrong with it?

Nothing is wrong with it.  That's why we're working on it.  To continue building Bitcoin as a P2P eCash system.  

Right now the market and the miners are trying to figure out which is superior: Bitcoin Cash or Bitcoin Core.

there is no skill behind making a block bigger. zero innovation. no skill = no value

Original thought is overrated. What matters is what works. Bigger blocks work.

It’s not that simple.

[Last of the V8s]

which is more odious: Peter Thiel or the Daily Mail
http://www.dailymail.co.uk/sciencetech/article-5077575/The-world-s-floating-city-set-2020-build.html

[Ibian]

From my perspective, it is Blockstream/Core that are tampering with Bitcoin, by refusing to allow a much-needed capacity increase to reduce fees and allow for continued growth

Don't you already have Bitcoin Cash that allows continued growth? What's wrong with it?

Nothing is wrong with it.  That's why we're working on it.  To continue building Bitcoin as a P2P eCash system.  

Right now the market and the miners are trying to figure out which is superior: Bitcoin Cash or Bitcoin Core.

there is no skill behind making a block bigger. zero innovation. no skill = no value

Original thought is overrated. What matters is what works. Bigger blocks work.

It’s not that simple.

Feel free to elaborate.

[becoin]

From my perspective, it is Blockstream/Core that are tampering with Bitcoin, by refusing to allow a much-needed capacity increase to reduce fees and allow for continued growth

Don't you already have Bitcoin Cash that allows continued growth? What's wrong with it?

Nothing is wrong with it.  That's why we're working on it.  To continue building Bitcoin as a P2P eCash system.  

Right now the market and the miners are trying to figure out which is superior: Bitcoin Cash or Bitcoin Core.

there is no skill behind making a block bigger. zero innovation. no skill = no value

Original thought is overrated. What matters is what works. Bigger blocks work.

Yeah, excellent strategy.
Killing animals to eat them works until there are no more animals to kill and suddenly it doesn't work and you die of hunger.
Big blocktard are so funny. LOL

[JayJuanGee]

Significant dump this is, it’s not going to get much worse though, surely. I hope 6k stays strong.

Set up my last buying order at 6k. Hope you are right.

O.k.  You are partially correct in buying on the way down; however,  you do not want to run out of money merely based on a 25% to 30% price correction.

You should have enough money to buy down to about a 60% correction or perhaps more.  However, it is quite likely that 60% corrections are very infrequent, yet we frequently have to be prepared for such corrections, and it is even better if you are able to prepare for even a larger price correction - such as 80%, which should be even more rare and perhaps only occurring every few years, at most - especially in what is likely an s-curve adoption period of bitcoin, right?

[Torque]

From my perspective, it is Blockstream/Core that are tampering with Bitcoin, by refusing to allow a much-needed capacity increase to reduce fees and allow for continued growth

Don't you already have Bitcoin Cash that allows continued growth? What's wrong with it?

Nothing is wrong with it.  That's why we're working on it.  To continue building Bitcoin as a P2P eCash system.  

Right now the market and the miners are trying to figure out which is superior: Bitcoin Cash or Bitcoin Core.

there is no skill behind making a block bigger. zero innovation. no skill = no value

Original thought is overrated. What matters is what works. Bigger blocks work.

It’s not that simple.

Feel free to elaborate.

<Sigh> Ibian, this has been covered extensively. You can't just trivialize and hand wave it all away as a simple block size increase will solve everything and still retain network stability while maintaining mining decentralization. Also, see BCH for example of block size increase trainwreck nightmare scenario.
Here's some reading for ya:
https://medium.com/@thepiratewhocantbenamed/my-thoughts-on-your-thoughts-17474d800dda

[Ibian]

... slight derail here as I'm syncing the Bitcoin Gold client on another machine.

https://yobit.net/en/trade/BTG/BTC (Is that even the right ticker ?!)

I guess this is safe to start dumping now ?

They got replay protection or whatever? I'm considering just letting this one pass by, given all the uncertainty about the damn thing.

[Ibian]

From my perspective, it is Blockstream/Core that are tampering with Bitcoin, by refusing to allow a much-needed capacity increase to reduce fees and allow for continued growth

Don't you already have Bitcoin Cash that allows continued growth? What's wrong with it?

Nothing is wrong with it.  That's why we're working on it.  To continue building Bitcoin as a P2P eCash system.  

Right now the market and the miners are trying to figure out which is superior: Bitcoin Cash or Bitcoin Core.

there is no skill behind making a block bigger. zero innovation. no skill = no value

Original thought is overrated. What matters is what works. Bigger blocks work.

Yeah, excellent strategy.
Killing animals to eat them works until there are no more animals to kill and suddenly it doesn't work and you die of hunger.
Big blocktard are so funny. LOL

I did not invent aristotelian philosophy. Aristotle did. 2500 years ago. And some of the ideas of he and his contemporaries are part of our culture.

I likewise did not invent electric lighting, and neither did you, but if you insist on inventing everything you use then go ahead and turn off the power and start from scratch.

Incidentally, animals are delicious.