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

[GreekGeek]

krakens laptop needs a reboot

[luckygenough56]

krakens laptop needs a reboot

it's an atom tablet

[Rosewater Foundation]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. I spent $50 just today. Just on transfers. It's real money out of my pocket. And everyone elses.

Forget your fucking coffee. Fees don't need to be that big. It's a choice. That we have made. Time to make a better one.

Forget your fucking fees. It's a choice. Use it or don't.
People angry at hammers because they don't act like screwdrivers. It never ends.

[Torque]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. Just on transfers. It's real money out of my pocket. And everyone elses.

Transfers for what, Ibian? Obviously not e-Commerce. Like 99.99999999999999999% of the rest of the Bitcoin community.

I'm so fucking tired of the 'false fallacy' arguments that the Bitcoin community has been having for years now. I would tell you to just go use BCH, but you know what? Those fkn idiots in that camp aren't using BCH for e-Commerce transactions either.  Just "transfers". Which just means trades, and that's it.

BCH has an 8MB block size "solution" looking for a problem that doesn't exist. They have MILES of empty lane not even being used for ANYTHING even remotely e-Commerce related. But hey, they have low fees to move their coins around for trading! Yay, great!!    

[Ibian]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. Just on transfers. It's real money out of my pocket. And everyone elses.

Transfers for what, Ibian? Obviously not e-Commerce. Like 99.99999999999999999% of the rest of the Bitcoin community.

I'm so fucking tired of the 'false fallacy' arguments that the Bitcoin community has been having for years now. I would tell you to just go use BCH, but you know what? Those fkn idiots in that camp aren't using BCH for e-Commerce transactions either.  Just "transfers". Which just means trades, and that's it.

BCH has an 8MB block size "solution" looking for a problem that doesn't exist. They have MILES of empty lane not even being used for ANYTHING even remotely e-Commerce related. But hey, they have low fees to move their coins around for trading! Yay, great!!    

Business, actually. I trade in person at a premium and buy and sell on kraken. It more than pays the rent. Except for the fees, which I don't have. And it's going to get worse until someone codes a solution. Hundred dollar fees are not far off at this rate.

[Ibian]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. I spent $50 just today. Just on transfers. It's real money out of my pocket. And everyone elses.

Forget your fucking coffee. Fees don't need to be that big. It's a choice. That we have made. Time to make a better one.

Forget your fucking fees. It's a choice. Use it or don't.
People angry at hammers because they don't act like screwdrivers. It never ends.

The fees are too damn high, and keep getting higher. It's not a non-issue.

[jojo69]

[Ibian]

"Something snarky" was my thought as your post was loading. And sure enough.

Look, forget the fact that Ver and the other losers chose to implement big blocks. Those guys are narcissists, and bad for business.

That doesn't mean that bigger blocks is a bad idea. If we had chosen that, and they had chosen segwit, we would still have this fucking childish tribalistic spat, only our fees would be a tenth of what they are and bcash would be even worse.

We fucked up. We need more throughput, by whatever means, and segwit is not delivering. We need bigger blocks, or something that works even better, in less time than it would take to implement a block size increase.

[jojo69]

"Something snarky"

yeah, sorry about that, couldn't resist

Look, forget the fact that Ver and the other losers chose to implement big blocks. Those guys are narcissists, and bad for business.

That doesn't mean that bigger blocks is a bad idea. If we had chosen that, and they had chosen segwit, we would still have this fucking childish tribalistic spat, only our fees would be a tenth of what they are and bcash would be even worse.

We fucked up. We need more throughput, by whatever means, and segwit is not delivering. We need bigger blocks, or something that works even better, in less time than it would take to implement a block size increase.

You do have one point, I was thinking just last night, reading Rosewater's link to Rodger's total meltdown over $50, how glad I was that he isn't on "my side".

I have always maintained that there were, in fact, honest actors on the big block side of the debate, and I feel for them that they have this Ver albatross around their neck.

[Torque]

....and segwit is not delivering.

Because the brokers, exchanges, and wallets are not implementing it. Period. End of story.

Let's get to that first, mmkay?

And if they never implement SegWit, are we then being held hostage? Are they our enemies too? Serious question.

[JayJuanGee]

Why? Bigger blocks means more throughput. What is this better that you demand? Suggest something better. Otherwise that's the best we got.

Feel free to make a list of all the hundreds of things that you've been trying to buy online daily or monthly with bitcoin. I'm sure it's a mile long. Those daily fees, amiright?  

I have spent literally hundreds in fees over the last few months. I spent $50 just today. Just on transfers. It's real money out of my pocket. And everyone elses.

Forget your fucking coffee. Fees don't need to be that big. It's a choice. That we have made. Time to make a better one.

It would be nice if some of your big blocker nut job boys would stop spamming the network and also to facilitate segwit wallets on some of the bigger players such as blockchain and coinbase, but apparently they don't consider segwit adoption to be a priority, which is likely contributing to some of the clogging, too.

[realr0ach]

Business, actually. I trade in person at a premium and buy and sell on kraken. It more than pays the rent.

ETA until you get arrested for being an unlicensed money transmitter like all the other people being setup by the poleece?

[Ibian]

....and segwit is not delivering.

Because the brokers, exchanges, and wallets are not implementing it. Period. End of story.

Let's get to that first, mmkay?

And if they never implement SegWit, are we then being held hostage? Are they our enemies too? Serious question.

Would they have not implemented bigger blocks?

Sometimes effectiveness beats out efficiency.

[Torque]

....and segwit is not delivering.

Because the brokers, exchanges, and wallets are not implementing it. Period. End of story.

Let's get to that first, mmkay?

And if they never implement SegWit, are we then being held hostage? Are they our enemies too? Serious question.

Would they have not implemented bigger blocks?

Sometimes effectiveness beats out efficiency.

So we never get to see the effectiveness (or lack thereof) of SegWit because they won't implement it?

Sounds legit. And communist.  

[Ibian]

....and segwit is not delivering.

Because the brokers, exchanges, and wallets are not implementing it. Period. End of story.

Let's get to that first, mmkay?

And if they never implement SegWit, are we then being held hostage? Are they our enemies too? Serious question.

Would they have not implemented bigger blocks?

Sometimes effectiveness beats out efficiency.

So we never get to see the effectiveness of SegWit because they won't implement it?

Sounds legit. And communist. 

Efficiency*. That was the selling point. Bigger blocks is like buying a bigger house, segwit is like cleaning up your mess.

Well guess fucking what, nobody likes cleaning up a mess. Everyone loves a bigger house.

Put ideology aside and look at results. Segwit is, so far, a failure. Nobody would have contested bigger blocks, not exchanges, not wallets, not even miners, fucking nobody.

[jojo69]

fucking nobody.

except the broad and overwhelming consensus of users that successfully prevented it...

[Torque]

Segwit is, so far, a failure.

It is a medium term solution that would lower fees that we could get today. It works for the wallets that have implemented it. Just no one can send via SW to a broker like Coinbase, arguably the largest and most successful by far. And they have given zero plausible reasons why they haven't implemented it yet, just lame excuses.

SegWit is merely a failure to IMPLEMENT on their part. Period.

[strawbs]

I read recently on here (at least I think it was on here) about the electricity consumption of mining and using bitcoin, compared to the electricity requirements of the world current fiat systems.  Does anyone have a link or two which shows that BTC's electricity consumption is less than fiat's?

Thanks

[Ibian]

fucking nobody.

except the broad and overwhelming consensus of users that successfully prevented it...

They were wrong.

[realr0ach]

Just no one can send via SW to a broker like Coinbase, arguably the largest and most successful by far. And they have given zero reasons why they haven't implemented it yet, just lame excuses.

Are you sure they haven't cited the ability for miners to switch to segwit and then switch back turning them into anyone can spend transactions and thus bankrupting Coinbase in the process? lol.