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

[jojo69]

So here is the deal, and I'm only going to say this once.

We will implement a larger blocksize patch when AND NOT BEFORE you fuckers stop trying to bully us into it.

necessary preconditions

>Ver desists from going on the MSM and talking FUD shit

>no more rhetoric about "firing" or pushing out the Core devs

>an end to the mempool spam

>3 days without a bigblock post in this thread

then we can talk, as long as we feel we are being pushed NOTHING IS GOING TO HAPPEN!  Y'all continually threaten the Core community, and then wonder why we react with fear...if you don't get how this is never going to help I don't know what to tell you.

get it through your goddamned thick skulls

[Ibian]

So here is the deal, and I'm only going to say this once.

We will implement a larger blocksize patch when AND NOT BEFORE you fuckers stop trying to bully us into it.

necessary preconditions

>Ver desists from going on the MSM and talking FUD shit

>no more rhetoric about "firing" or pushing out the Core devs

>an end to the mempool spam

>3 days without a bigblock post in this thread

then we can talk, as long as we feel we are being pushed NOTHING IS GOING TO HAPPEN!  Y'all continually threaten the Core community, and then wonder why we react with fear...if you don't get how this is never going to help I don't know what to tell you.

get it through your goddamned thick skulls

It's needed now. A year ago.

And why the fuck are you letting ver dictate anything?

[realr0ach]

Relax guys, Satoshi's vision is alive and well, it's just called bitcoin cash now.

All I care about is when this entire ecosystem eventually implodes, I hope the jews and/or wall street (same difference) are left holding the bag instead of idiot middle-americans purchasing $20,000 bitcoins and then having the bottom drop out to $0.  It looks like that's how it will play out since the middle-class is already tapped out anyway and has no money to purchase this vapor garbage.  Wall street jews attempt to pump bitcoin and discover...wait, nobody else actually has money to buy our pump.

[AlcoHoDL]

Oh, how I'll really enjoy quoting this discussion when the Lightning Network (or other proper scaling solution) goes live and becomes mainstream...

Reminds me of a song by Leonard Cohen:

"and all the lousy little poets coming round
tryin' to sound like Charlie Manson"

[spiderbrain]

Relax guys, Satoshi's vision is alive and well, it's just called bitcoin cash now.

<racist_sh1t/>

Hello. Please stop being super racist. That is all.

[jojo69]

And why the fuck are you letting ver dictate anything?

I'm not.  He is (thankfully) y'alls problem.  You deal with him.

[Ibian]

Oh, how I'll really enjoy quoting this discussion when the Lightning Network (or other proper scaling solution) goes live and becomes mainstream...

Reminds me of a song by Leonard Cohen:

"and all the lousy little poets coming round
tryin' to sound like Charlie Manson"

Nope. Lightning is gonna fail as hard as segwit. We need something universally applicable, and NOT FUCKING OPTIONAL.

Bigger blocks work. Nobody except miners would be affected, and even miners would keep their relative position to one another. There would be literally no change, for anyone, except anyone who pays fees. Which is all of us.

[ragnar0k]

Bcashers are becoming more belligerant now that even ripple passed them

BeeCash will never bee bitcoin :-D weeee ~ still fools are buying<<<<

Not really - every bloody altcoin is pumping except bcash despite personal pitches on tv

[AlcoHoDL]

Oh, how I'll really enjoy quoting this discussion when the Lightning Network (or other proper scaling solution) goes live and becomes mainstream...

Reminds me of a song by Leonard Cohen:

"and all the lousy little poets coming round
tryin' to sound like Charlie Manson"

Nope. Lightning is gonna fail as hard as segwit. We need something universally applicable, and NOT FUCKING OPTIONAL.

Bigger blocks work. Nobody except miners would be affected, and even miners would keep their relative position to one another. There would be literally no change, for anyone, except anyone who pays fees. Which is all of us.

The "bigger blocks" solution hasn't been tested on a network of the size and load of that of Bitcoin. Bcash is not Bitcoin. "Bigger blocks", will appear to solve the problem for some small amount of time, until the fees will rise again and we'll soon be asking for "even bigger blocks", ad infinitum. A proper scaling solution should be implemented, one that can scale right now to peak-time VISA levels, by design.

[Ibian]

Oh, how I'll really enjoy quoting this discussion when the Lightning Network (or other proper scaling solution) goes live and becomes mainstream...

Reminds me of a song by Leonard Cohen:

"and all the lousy little poets coming round
tryin' to sound like Charlie Manson"

Nope. Lightning is gonna fail as hard as segwit. We need something universally applicable, and NOT FUCKING OPTIONAL.

Bigger blocks work. Nobody except miners would be affected, and even miners would keep their relative position to one another. There would be literally no change, for anyone, except anyone who pays fees. Which is all of us.

The "bigger blocks" solution hasn't been tested on a network the size of Bitcoin's. Bcash is not Bitcoin. "Bigger blocks", will appear to solve the problem for some small amount of time, until the fees will rise again and we'll soon be asking for "even bigger blocks", ad infinitum. A proper scaling solution should be implemented, one that can scale right now to peak-time VISA levels, by design.

We need more capacity. The most straightforward and most likely to work solution is to increase the blocksize. There is no reason not to. At least, no non-political reason.

Also, MAKE A FUCKING PRACTICAL SUGGESTION! If you have one. Which you don't, which is why you don't.

[jojo69]

I am starting to see Ver as a sort of Hillary Clinton character.

He is so distasteful that there is a large "anything but" vote.

Shit, we probably WOULD be rocking 2MB blocks right now if not for this one guy.

[Ibian]

I am starting to see Ver as a sort of Hillary Clinton character.

He is so distasteful that there is a large "anything but" vote.

Shit, we probably WOULD be rocking 2MB blocks right now if not for this one guy.

Yes. Segwit is the Anything But vote.

[jojo69]

At least, no non-political reason.

precisely

so stop bullying and start bridge building

[Ibian]

At least, no non-political reason.

precisely

so stop bullying and start bridge building

Right then, let's do this. One question and one chance to answer.

Do you believe that the current transfer capacity of the bitcoin network is sufficient? Just a straight yes or no.

[Gab0]

Oh, how I'll really enjoy quoting this discussion when the Lightning Network (or other proper scaling solution) goes live and becomes mainstream...

Reminds me of a song by Leonard Cohen:

"and all the lousy little poets coming round
tryin' to sound like Charlie Manson"

Nope. Lightning is gonna fail as hard as segwit. We need something universally applicable, and NOT FUCKING OPTIONAL.

Bigger blocks work. Nobody except miners would be affected, and even miners would keep their relative position to one another. There would be literally no change, for anyone, except anyone who pays fees. Which is all of us.

The "bigger blocks" solution hasn't been tested on a network of the size and load of that of Bitcoin. Bcash is not Bitcoin. "Bigger blocks", will appear to solve the problem for some small amount of time, until the fees will rise again and we'll soon be asking for "even bigger blocks", ad infinitum. A proper scaling solution should be implemented, one that can scale right now to peak-time VISA levels, by design.

I do not know if I'm right, but I've read that the eth network processes twice as many tx as the bitcoin network and has a kind of dynamic blocks that fit the network's requirements.
I do not know what more tests they need.

Edit: In addition, a short time ago Peter R published in this same thread some advances of the results of the behavior of the network with blocks of 1GB. The tests are being done.

Edit2: Rome was not built in a day. Scales to the nuveles of Visa is something too ambitious. We go step by step with the tools we have today.

[jojo69]

yes or no.

I am not going to get pulled into your binary mode of thinking.  This is your primary cognitive weakness Ibian.  Everything is so simple in your world; black and white, cut and dried, r and K.

Actual reality is more nuanced than that.

For the sake of this discussion I would say that personally I would prefer higher capacity, implemented safely and without serious social collateral damage.

Take that as a "no" if you must.

[d_eddie]

I do not know if I'm right, but I've read that the eth network processes twice as many tx

If you don/t understand the technicals, you might as well refrain fro postig. This is a matter for engineers, nor for vocal users.

[Ibian]

yes or no.

I am not going to get pulled into your binary mode of thinking.  This is your primary cognitive weakness Ibian.  Everything is so simple in your world; black and white, cut and dried, r and K.

Actual reality is more nuanced than that.

For the sake of this discussion I would say that personally I would prefer higher capacity, implemented safely and without serious social collateral damage.

Take that as a "no" if you must.

So, yes. Not really a surprise.

[bitserve]

Do you guys think requesting Bitcoin bigger blocks in the WO thread will make it happen sooner?

If that were true I would start right now. And also asking for faster deployment of Lighting Network, which is a real scalability solution and not just a temporal patch. Both things are needed right now.

Problem is that there is noone to complaint about it. That's what decentralization means in this case. It will just happen when it does. And Bitcoin is not doing that bad in the meantime....

P.S. Maybe they are just waiting until LN is ready for prime time and gets adopted before doing any block size increase.

[jojo69]