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

[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?

[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?

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

yes, and bear shit in the woods does, no?

[RoomBot]

Nobody is for censorship, but if you think you can have "discussion" with jbreher you are welcome to try it yourself. He just spams nonsense based on pulling what is being said out of context. That's reflected in his style of writing where he randomly quotes dozen of posts, and then using that to avoid any reasonable argument. If that kind of "discussion" is forced elsewhere it is not a loss, it's a gain IMHO.

+1 for moderators.

You can be your own moderator using the ignore button.

For the same purpose I use as example a Picasso's painting. It's just some dry paint on a board, total value $30, but it's worth millions. I like it because beside its price the number of picassos's painting is limited exactly like bitcoins, and the total capitalizations are alike.

I can make a digital copy of the Picasso painting and call it Picasso Cash. I even print the piece on an 8 times larger piece of canvas. This certainly reduces the value of the legacy Picasso painting to zero and makes me the true Picasso.

Excellent analogy!

[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?

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

yes, and bear shit in the woods does, no?

How to have pits of arm a snake existence.

[RoomBot]

these guys will never understand that the core devs are willing to increase the blocksize when the time is right and it's tested properly

And even when the Bitcoin block size limit does get raised when the time is right, they'll just say it's not enough and BCash has it where it needs to be. Or come up with other arguments and excuses why Bitcoin still sucks.  

They'll be like Maxcoin by then.   

[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.

But ruphej a bitcoin to be or not to be question that is, there.?

Can answer to see?

[jbreher]

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.

I call bullshit. Defend your bald assertion, or be exposed as a spewer of falsehoods.

[orpington]

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.

I call bullshit. Defend your bald assertion, or be exposed as a spewer of falsehoods.

Falsehood to spew and WuVerCoin there is!

Again if bear shit in woods does to be, no?

[Karartma1]

It looks like a soft weekend after all. Volume is lower than expected and Bitcoin is currently being traded calmly @ $7779.22 on Stamp.

Mempool is fine too.
I guess Carolina went to the bar partying last night.  

[HairyMaclairy]

It’s ETH’s night to party.  God knows those buggers deserve to catch a break from $300. 

[AlcoHoDL]

I've posted this before. I wonder how it is possible for anyone who has read the official Bitcoin Cash's "Letter from the CEO" (link below), to keep supporting this joke of a coin...

https://www.bitcoincash.org/letter-from-the-ceo.pdf

It's mind-boggling to say the least. But then again, the brain is a complicated organ, that can often fail and make someone do all sort of weird things. "Live your own fantasy" as they say...  

[HairyMaclairy]

I've posted this before. I wonder how it is possible for anyone who has read the official Bitcoin Cash's "Letter from the CEO" (link below), to keep supporting this joke of a coin...

https://www.bitcoincash.org/letter-from-the-ceo.pdf

It's mind-boggling to say the least. But then again, the brain is a complicated organ, that can often fail and make someone do all sort of weird things. "Live your own fantasy" as they say...  

Haven’t seen that before.  Doesn’t change my opinion of them though (pack of lunatics).

[flynn]

I've posted this before. I wonder how it is possible for anyone who has read the official Bitcoin Cash's "Letter from the CEO" (link below), to keep supporting this joke of a coin...

https://www.bitcoincash.org/letter-from-the-ceo.pdf

It's mind-boggling to say the least. But then again, the brain is a complicated organ, that can often fail and make someone do all sort of weird things. "Live your own fantasy" as they say...  

This is just a risky AI experiment gone out of control ...

[itod]

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.  

Good morning, Peter. Time for weekend thread trolling and BCH shilling? Here's the picture for you regarding Bitcoin fees and confirmation times:



Week after the peak of the attack we are back into 5-10 satoshies/byte territory. Honey badger just don't care.

And one thing for the amusement of the whole Bitcoinland, Jeff Garzik's panic-patch to enable S2X fork after all, these changes are the reason why they couldn't mine forked block:
https://github.com/btc1/bitcoin/commit/d09f3decfa2806515a0504be927c4384d6241dba
Boy, what an embarrassment for those "skilled" developers.

[bitcoinPsycho]

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.

(...)

... 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.

Appeal to emotion. Fuck right off.

with you the emotions beat. Why do not you like me, darling? Not appeal to emotion, only idiom. Opinion variability is valuable.

utter nonsense

[bitserve]

Nobody is for censorship, but if you think you can have "discussion" with jbreher you are welcome to try it yourself. He just spams nonsense based on pulling what is being said out of context. That's reflected in his style of writing where he randomly quotes dozen of posts, and then using that to avoid any reasonable argument. If that kind of "discussion" is forced elsewhere it is not a loss, it's a gain IMHO.

+1 for moderators.

You can be your own moderator using the ignore button.

For the same purpose I use as example a Picasso's painting. It's just some dry paint on a board, total value $30, but it's worth millions. I like it because beside its price the number of picassos's painting is limited exactly like bitcoins, and the total capitalizations are alike.

I can make a digital copy of the Picasso painting and call it Picasso Cash. I even print the piece on an 8 times larger piece of canvas. This certainly reduces the value of the legacy Picasso painting to zero and makes me the true Picasso.

Excellent analogy!

Nice.... But it would have been way better if the monalisa of BCH were "ecce homo restoration" style (http://www.nytimes.com/2012/08/24/world/europe/botched-restoration-of-ecce-homo-fresco-shocks-spain.html). That's exactly how I do visualize that fork/code