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

[Frozenlock]

Don't forget that BTC has a blockchain limit for number of transactions to operate.
LTC will be useful for small transactions to unload BTC. So, BTC+LTC can be a very stable payment system in the future.

No. The blockchain has a limit on the size of blocks.

The blockchain size limit is perhaps one of the biggest question/problem in the development right now,
but it seems to be going in the "unlimited" direction.

And if you want to unload part of transactions from Bitcoin, why would you use LTC?
Pleeeeenty of other choices around. Hell, Namecoin even offers some added value!

I'm tempted to short, but the volume is so low that I'm afraid to be locked in my position.  

[fr33d0miz3r]

And in short term it is better to hold LTC.

Yep.

[fr33d0miz3r]

The blockchain size limit is perhaps one of the biggest question/problem in the development right now,
but it seems to be going in the "unlimited" direction.

But this problem is not solved yet. And maybe they will solve it by promoting LTC for small transactions.
Right now small BTC transactions are limited by amount, because of this problem.

[phoenix1]

The blockchain size limit is perhaps one of the biggest question/problem in the development right now,
but it seems to be going in the "unlimited" direction.

But this problem is not solved yet. And maybe they will solve it by promoting LTC for small transactions.
Right now small BTC transactions are limited by amount, because of this problem.

Right now the number of Bitcoin transactions is limited by slow adoption

Anyway ... aliens  

[Ivanhoe]

Is it just me, or do other people also miss the gifs on bitcoinity?

[fr33d0miz3r]

Right now the number of Bitcoin transactions is limited by low adoption

Anyway ... aliens 

I mean you can't spend low amount of BTC right now because of the blockchain problem.

[phoenix1]

Right now the number of Bitcoin transactions is limited by low adoption

Anyway ... aliens 

I mean you can't spend low amount of BTC right now because of the blockchain problem.

I don't know if that is true or not. Anyone ?

[fr33d0miz3r]

Right now the number of Bitcoin transactions is limited by low adoption

Anyway ... aliens  

I mean you can't spend low amount of BTC right now because of the blockchain problem.

I don't know if that is true or not. Anyone ?

https://bitcointalk.org/index.php?topic=196138.0
https://bitcointalk.org/index.php?topic=215129.0

[Frozenlock]

The blockchain size limit is perhaps one of the biggest question/problem in the development right now,
but it seems to be going in the "unlimited" direction.

But this problem is not solved yet.

And right now we are not hitting the hard limit.

When/if we hit it, it will influence the transaction fees.
They will have to go up quite a bit for the "off chain transactions" to be interesting.

And maybe they will solve it by promoting LTC for small transactions.

Or Feathercoin, or Blightcoin, or any other coin.

This is assuming that nothing more elegant than another blockchain can be used for the "off chain transactions" scheme.

Right now small BTC transactions are limited by amount, because of this problem.

No. That's not even related.
The minimum limit is to -temporarily- protect the blockchain from being bloated with unspendable transactions while the developers are working towards a more market-driven solution.


And because Litecoin is a copy of Bitcoin... how are these same problems dealt with?

[mmitech]

Gox is down here, is it working for you guys ?

[phoenix1]

Is it just me, or do other people also miss the gifs on bitcoinity?

Just for you ... don't EVER let go of your Bitcoins ...

[fr33d0miz3r]

Or Feathercoin, or Blightcoin, or any other coin.

But MtGox will work with Litecoin, this is a fact. It will be a good promotion for LTC in the future. So, not FTC nor anything other.

[klee]

Aliens are Faster Than Light - LTC too slow.
Go go Feathercoin!

Just to highlight how pointless argument is the speed issue between BTC & LTC. Not to mention XRP (but wait! it's a scam!...)

[ronaldlee0917]

Gox is down here, is it working for you guys ?

502 Bad Gateway here

[mmitech]

Gox is down here, is it working for you guys ?

502 Bad Gateway here

i am trying now for more than 5 minutes i cant get to the page

[Dalib]

Gox is down here, is it working for you guys ?

502 Bad Gateway here

yes, down to me too ...

[klee]

Dead here too

[phoenix1]

Gox is down here, is it working for you guys ?

502 Bad Gateway here

Don't worry, everything is under control

[klee]

Testing LTC in the new trading engine 

[fr33d0miz3r]

They are rebooting