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

[xhomerx10]

https://www.tesla.com/roadster/

The "Butterfly Labs" of car manufacturers. Place a pre-order, and God-only-knows when you will take delivery. Pray they stay in business long enough to fulfill the order.

 Ah, you'll eventually get it but when you do, it will be much more efficient and faster to take a rocket where you want to go.

[bones261]

There is a chain split but it has been reorged.  

https://www.btcforkmonitor.info

Not sure what is meant by the reorg.

Edit:  now the split warning is gone but says Core is behind other nodes.  Is that just a reference to Bcash?  Curious.

Yes, due to the screwed up nature of BCH's previous EDA retarget algorithm, they are ahead almost 9800 blocks.

[HairyMaclairy]

There is a chain split but it has been reorged.  

https://www.btcforkmonitor.info

Not sure what is meant by the reorg.

Edit:  now the split warning is gone but says Core is behind other nodes.  Is that just a reference to Bcash?  Curious.

Yes, due to the screwed up nature of BCH's previous EDA retarget algorithm, they are ahead almost 9800 blocks.

Thanks.   If having a coffee in the morning doesn’t wake you up, a chain split warning will. 

Must have been a bug as gone and BTC1 nodes still stuck on 494782.

[pfrtlpfmpf]

https://www.tesla.com/roadster/

The "Butterfly Labs" of car manufacturers. Place a pre-order, and God-only-knows when you will take delivery. Pray they stay in business long enough to fulfill the order.

 Ah, you'll eventually get it but when you do, it will be much more efficient and faster to take a rocket where you want to go.

He said, we could fly around the world in about an hour, for the price of an airticket from now !

Mindbuggling. Imagine the acceleration !

[HairyMaclairy]

https://www.tesla.com/roadster/

The "Butterfly Labs" of car manufacturers. Place a pre-order, and God-only-knows when you will take delivery. Pray they stay in business long enough to fulfill the order.

 Ah, you'll eventually get it but when you do, it will be much more efficient and faster to take a rocket where you want to go.

He said, we could fly around the world in about an hour, for the price of an airticket from now !

Mindbuggling. Imagine the acceleration !

I had the privilege of launching a Tesla P100D from a standing start yesterday. In Ludicrous Plus mode.  In the rain.

It got a bit wiggly.  It was also spaceship fast. 

[AZwarel]

I just made a whole slew of txns with 3 cents fees and none of them have confirmed yet. SegshellCoin, y u so fail?

That just shows that you does not value the importance of your own transactions as much as other people who transact at the same time period. I know, free will is hard.
It is not "the fault of the free, voluntary, opt-in" network's, you, Yourself valued the importance of these value transfers this low.

Welcome to the free market, where value is subjective, and there is no free lunch. None forcing you to use this system, go do paypal if you want speed. Of course, than you have to sacrifice control and freedom, but you do not want to pay the price for them, which is Your problem, not the bitcoin network's.

[jbreher]

Rather, I am trying to dispel the widely-touted, but rarely-explained assertion that 'the only capable devs in the crypto space exist in the Bitcoin Core camp'.

Dispel how? With what evidence to explain your assertion? Show me the evidence. What amazing things have these developers 'outside of the Bitcoin Core camp' accomplished exactly.

Well there is the whole 5x improvement in transaction throughput, with no change to the HW thing, by fixing the client's broken concurrency model. If you don't understand that, I'm sorry - I don't have time to explain it to you.

[bones261]

There is a chain split but it has been reorged.  

https://www.btcforkmonitor.info

Not sure what is meant by the reorg.

Edit:  now the split warning is gone but says Core is behind other nodes.  Is that just a reference to Bcash?  Curious.

Yes, due to the screwed up nature of BCH's previous EDA retarget algorithm, they are ahead almost 9800 blocks.

Thanks.   If having a coffee in the morning doesn’t wake you up, a chain split warning will. 

Must have been a bug as gone and BTC1 nodes still stuck on 494782.

Yes BTC1 had a bug that caused the nodes to reject smaller than 2MB blocks one block too soon. Plus the memo did not get out to miners that they needed to manually configure their nodes to start mining bigger blocks. A bigger than 2MB block was required to get the segwitx2 chain going.
https://bitcoinmagazine.com/articles/now-segwit2x-hard-fork-has-really-failed-activate/

[explorer]

I just made a whole slew of txns with 3 cents fees and none of them have confirmed yet. SegshellCoin, y u so fail?

That just shows that you does not value the importance of your own transactions as much as other people who transact at the same time period. I know, free will is hard.
It is not "the fault of the free, voluntary, opt-in" network's, you, Yourself valued the importance of these value transfers this low.

Welcome to the free market, where value is subjective, and there is no free lunch. None forcing you to use this system, go do paypal if you want speed. Of course, than you have to sacrifice control and freedom, but you do not want to pay the price for them, which is Your problem, not the bitcoin network's.

Lulz  you've been around for a while, I'm surprised to see you trolled by BMB 

Mayor, if you'd be so kind as to restore the corn avatar, you'd be better recognized 

[AZwarel]

I just made a whole slew of txns with 3 cents fees and none of them have confirmed yet. SegshellCoin, y u so fail?

That just shows that you does not value the importance of your own transactions as much as other people who transact at the same time period. I know, free will is hard.
It is not "the fault of the free, voluntary, opt-in" network's, you, Yourself valued the importance of these value transfers this low.

Welcome to the free market, where value is subjective, and there is no free lunch. None forcing you to use this system, go do paypal if you want speed. Of course, than you have to sacrifice control and freedom, but you do not want to pay the price for them, which is Your problem, not the bitcoin network's.

Lulz  you've been around for a while, I'm surprised to see you trolled by BMB  

Mayor, if you'd be so kind as to restore the corn avatar, you'd be better recognized  

Oh shit, now i remember, the corn avatar! Lol, i am a fool  

Although, the argument is against every "baah, high fees" troll, so it is not a totally wasted effort 

[BlindMayorBitcorn]

So miners self-selecting to not mine BCH is proof of BCH mining centralization? I assert that is a useless definition of 'centralization'.

Mining centralization is proof of mining centralization. The market doesn't prefer it.

[BlindMayorBitcorn]

I just made a whole slew of txns with 3 cents fees and none of them have confirmed yet. SegshellCoin, y u so fail?

That just shows that you does not value the importance of your own transactions as much as other people who transact at the same time period. I know, free will is hard.
It is not "the fault of the free, voluntary, opt-in" network's, you, Yourself valued the importance of these value transfers this low.

Welcome to the free market, where value is subjective, and there is no free lunch. None forcing you to use this system, go do paypal if you want speed. Of course, than you have to sacrifice control and freedom, but you do not want to pay the price for them, which is Your problem, not the bitcoin network's.

Lulz  you've been around for a while, I'm surprised to see you trolled by BMB  

Mayor, if you'd be so kind as to restore the corn avatar, you'd be better recognized  

Oh shit, now i remember, the corn avatar! Lol, i am a fool  

Although, the argument is against every "baah, high fees" troll, so it is not a totally wasted effort 

Sarcasm friendly-fire. Sorry.

[Peter R]

So miners self-selecting to not mine BCH is proof of BCH mining centralization? I assert that is a useless definition of 'centralization'.

Mining centralization is proof of mining centralization. The market doesn't prefer it.

Bitcoin Cash and Bitcoin Core are equally centralized / decentralized.  Think about it.  How could they not be?  They both draw from the same pool of miners, the same pool of investors, the same pool of users, the same pool of businesses, and the same pool of developers.

The differences are the Bitcoin Core has the advantage as being what the layperson thinks of as "bitcoin" and what most of the infrastructure is currently setup to interface with.  Bitcoin Cash has the advantage of low fees, reliable confirmation times, and the ability to scale to a global payment network.  

Time will tell which version of bitcoin will win.

[AlexGR]

So miners self-selecting to not mine BCH is proof of BCH mining centralization? I assert that is a useless definition of 'centralization'.

Mining centralization is proof of mining centralization. The market doesn't prefer it.

Bitcoin Cash and Bitcoin Core are equally centralized / decentralized.  Think about it.  How could they not be?

Because one is Jihan Wu's coin and does with it whatever he pleases? If he wants to change something, he can. It's his creation after all.

Bitcoin Cash has the advantage of low fees, reliable confirmation times, and the ability to scale to a global payment network.  

There is no such thing as reliable confirmation time in any chain, but particularly on BCH..

504787   2017-11-19 05:54
504786   2017-11-19 05:26
504785   2017-11-19 05:15
504784   2017-11-19 03:34
504783   2017-11-19 03:28
504782   2017-11-19 01:48
504781   2017-11-19 01:47
504780   2017-11-19 01:18
504779   2017-11-19 00:58
504778   2017-11-19 00:38

In 6 hours there should be ~36 blocks, not 11 (and twice it took over an hour for the next one)... but anyway.

[windjc]

Bitcoin Cash has the advantage of low fees, reliable confirmation times, and the ability to scale to a global payment network.  

Who said this? This is absolutely 100% false. It is a flat out lie.

[Ibian]

So miners self-selecting to not mine BCH is proof of BCH mining centralization? I assert that is a useless definition of 'centralization'.

Mining centralization is proof of mining centralization. The market doesn't prefer it.

Bitcoin Cash and Bitcoin Core are equally centralized / decentralized.  Think about it.  How could they not be?  They both draw from the same pool of miners, the same pool of investors, the same pool of users, the same pool of businesses, and the same pool of developers.

The differences are the Bitcoin Core has the advantage as being what the layperson thinks of as "bitcoin" and what most of the infrastructure is currently setup to interface with.  Bitcoin Cash has the advantage of low fees, reliable confirmation times, and the ability to scale to a global payment network.  

Time will tell which version of bitcoin will win.

We did. Hashes have been cast and the result is in.

Rather than repeating, over and over and over like a small child, that your preferred bit of code is so much better, try explaining why. If you can.

[Globb0]

crop

Mempool single thread bottleneck has little to do with number of transactions/sec, when one can put as much transactions within the block limit. Although segwit almost doubles that amount, blocks are already full, particularity in the time of spam attacks that your BCH friends impose on the blockchain. That is probably the reason this was not addressed before by core devs, and why other people detected it when they increased the block size by two orders of magnitude in their crazy experiments towards 1GB blocks, in which case it did became a bottleneck. What mempool multi-threading can help is handling spam transactions much more effectively, leaving mempool in much better state. If you understand all this (and I'm not sure you do, so you should be given the benefit of the doubt that you are simply ignorant), then your statements about core team where "nobody understands concurrency" are nothing but the FUD you spread about them in order to picture your big block developers somehow "superior". We saw their coding skills few days ago when they failed to execute a proper fork. What's funny that you said few posts above that you don't want to hurt BTC in any possible way, and few posts latter you talk this nonsense about core devs. You can't lie and at the same time cry you only want the truth, inconsistency is killing you.

If you alter the system to reduce or better handle spam? then spam tends to alter  to better spam the new system. In that respect it is an escalating system just like virus.

https://www.tesla.com/roadster/

The "Butterfly Labs" of car manufacturers. Place a pre-order, and God-only-knows when you will take delivery. Pray they stay in business long enough to fulfill the order.

 Ah, you'll eventually get it but when you do, it will be much more efficient and faster to take a rocket where you want to go.

He said, we could fly around the world in about an hour, for the price of an airticket from now !

Mindbuggling. Imagine the acceleration !

You just have to get a bit further away from the earth (spinning) you don't have to overtake it.

[flynn]

There is no such thing as reliable confirmation time in any chain, but particularly on BCH..

504787   2017-11-19 05:54
504786   2017-11-19 05:26
504785   2017-11-19 05:15
504784   2017-11-19 03:34
504783   2017-11-19 03:28
504782   2017-11-19 01:48
504781   2017-11-19 01:47
504780   2017-11-19 01:18
504779   2017-11-19 00:58's wrong.
504778   2017-11-19 00:38

In 6 hours there should be ~36 blocks, not 11 (and twice it took over an hour for the next one)... but anyway.

This.
And that's fucking annoying.
Whatever they have done to tamper that difficulty thing, it's damn wrong.

[orpington]

... come on, friends, do not quarrel. How small children . We wait, we will see. Let´s opinions to live. It's just opinions, not love.

What is sound the hand clapping of one?

[vroom]

... come on, friends, do not quarrel. How small children . We wait, we will see. Let´s opinions to live. It's just opinions, not love.

What is sound the hand clapping of one?

When a tree falls, no one is there and it is still a noise?