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

[rjclarke2000]

There's only one bitcoin, fool. And it sure isn't Bcash.

Well, it sure as shit isn't BCore either in the current state.    

$43 dollar fees are NOT the future... you're the fool if you believe so.

Why don't you fuck off . no one wants you here . don't give a fuck  if you sold your btc for bcash.

Kill yourself.

I haven't bought any BCash and I actually own a part of FreeBitcoins.com... part of our service right now is that we help liquidate peoples BCash for "free" Bcore Coins in fact.

I've sold well over $125,000 worth of BCash for BCore this month alone .

Right, bcash will become [even more] useless soon once LN is deployed, my spider senses tell me it is not going to be long

12-18 months minimum right? That’s what I’ve heard through the grapevine.

[1714866823]

1714866823

[1714866823]

1714866823

[ragnar0k]

12-18 months minimum right? That’s what I’ve heard through the grapevine.

They are already doing test transfers, I think there is a good chance it might come in earlier

[cAPSLOCK]

If you can't buy an 8th of weed for $40 because the fee to pay the vendor costs more than the bag of pot... there is a issue for sure.  Personally, I believe there is an issue if Bitcoin can't be used in vending machines.

I'm going to take a stab at explaining why bigger blocks are a bad solution to the vending machine problem.

Eventually ( and SOON(tm)) the demands on the worlds premier blockchain will cause it to be impossible to run fully L1 transactions on pedestrian hardware.  And the more demands we make on the hardware that run full nodes (users and miners), the more we shift that job to the hands of the powerful and rich (mostly the miners).  They will be incentivized to build cartels as the validation of transactions on the network become more and more centralized.  



This recent twitter conversation should give a big blocker pause.  Let's just say Microsoft decides to use the BITCOIN blockchain to handle decentralized identity validation.  If this were to happen we would see possibly tens of MILLIONS of transactions a second.  And this kind of stuff WILL happen.  If the blockchain is to remain uncensored it HAS to.

Anyone care to do the math to see how big the BCH block size would have to be to handle this increase?  Suffice it to say nothing close to 8MB will cut it.  And this smashes Moore's law.  Instantly we need drive space, network bandwidth, and computational power to handle MUCH bigger block sizes.  And the time constant stays the same.  We have to be able to do this in 10 minutes for each block.

Instantly we have a small number of people controlling the Bitcoin network.  Will make a 51% attack a piece of cake among other things.

Making Bitcoin blocks 8MB so you can buy a bag of weed with it (why the HELL are you buying weed using a transparent blockchain by the way?  Use Monero for this?) is like putting a bandaid on a bullet wound.

Sidechains are needed, powerful, and INEVITABLE.  The use of sidechains will not preclude transaction made directly on the base chain.  The real Bitcoin will have all this power soon.  Soon enough, believe it or not...  This is why people are saying to use Litecoin, or Monero until the mempool cools down.

BCASH is part of an planned and orchestrated power grabbing attack on Bitcoin.

There is only one Bitcoin.

[JayJuanGee]

Wait...... something sounds funny about what I am saying.....   hm?

Now that you mention some changes, why not also go for a zillion coins. I mean, there is enough for everyone and it is only fair. Limitations are just a piece of goddamn code. We don’t care about code, right?

We are going to push this through, no matter what. Let’s push this and polish our egos. Billionaires be billionaires, f** the rest  

I am gonna quibble some more with you, Wekkel Zekkel.

I think that a GAzillion coins is way, way, way, way, way (do I have enough "way"s in there?)  better than only a zillion coins.

On the face of it, a GAzillion sounds way, way, way better than a measly tweasly zillion, and we all know that BIGGER is better, right?, so all I have to say to you and your small thinking is this:  

[Wekkel]

No quarrel, everybody rich.

Vote for me 

[HairyMaclairy]

Well said cAPSLOCK.  An 8mb block is a joke when it comes to scaling.

[nikauforest]

I am taking some time now to transfer to segwit addresses. ( From my non Armory holdings.)

I used a 140 satoshis per byte. It went through in 3 blocks as a test. ( maybe I overpaid?)

Fees appear to be coming down at the moment.
https://bitcoinfees.earn.com/

[conspirosphere.tk]

There's only one bitcoin, fool. And it sure isn't Bcash.

Well, it sure as shit isn't BCore either in the current state.    

$43 dollar fees are NOT the future... you're the fool if you believe so.

Why don't you fuck off . no one wants you here . don't give a fuck  if you sold your btc for bcash.

+21! If you don't like "core" fuck right off on r/btc/ or wherever the useless bcash idiots meet. You tards have been BitCHing for years already. Here we come for Bitcoin, not your shillcoin.

[Xian01]

Well, it sure as shit isn't BCore either in the current state.    
$43 dollar fees are NOT the future... you're the fool if you believe so.

Want to talk about fees being so high ? Ask Roger and Jihan about that.

Bitcoin is presently being attacked, and you are a fool for thinking this is Situation: Normal.

Fuck off back to /r/btc where you belong.

[erre]

There's only one bitcoin, fool. And it sure isn't Bcash.

Well, it sure as shit isn't BCore either in the current state.    

$43 dollar fees are NOT the future... you're the fool if you believe so.

Why don't you fuck off . no one wants you here . don't give a fuck  if you sold your btc for bcash.

+21! If you don't like "core" fuck right off on r/btc/ or wherever the useless bcash idiots meet. You tards have been BitCHing for years already. Here we come for Bitcoin, not your shillcoin.

Let alone that you clearly didn't read the rest of the conversation, your attitude is exactly the reason why this war is on.

While capslock was perfectly arguing why bigger blocks are not a solution to any scalability problem, you are just aggressively shilling for "the real" bitcoin, and worst of all speaking as the core team is the "CEO" of bitcoin.

I think there are reasons (many) because segwit is a much elegant solution, but high fees ARE currently a problem. A big one.  Negating it will only make altcoins appear as the only and best solution for every reasonable real-life tx, I have some friends who I were unable to send small payments (50€ or so) using btc during the last month, and this was not for weed but for giving them their first btc... I used ethereum at the end, and belive me i am not proud of it.

[realr0ach]

Soon, the 300 physical silver spear equipped goyim will put Shlomo Nakamoto's centralized tracking system and his 21 million "immortals" to the test.

[erre]

Soon, the 300 physical metals, silver spear equipped goyim will put Shlomo Nakamoto's centralized tracking system and his 21 million "immortals" to the test.

You know the Spartans died and Persians won, right?

[realr0ach]

Soon, the 300 physical silver spear equipped goyim will put Shlomo Nakamoto's centralized tracking system and his 21 million "immortals" to the test.

https://i.imgur.com/paZiIGI.gif

You know the Spartans died and Persians won, right?

If the Shlomo's noses block out the sun, then we will fight in the shade.

[Ibian]

There's only one bitcoin, fool. And it sure isn't Bcash.

Well, it sure as shit isn't BCore either in the current state.    

$43 dollar fees are NOT the future... you're the fool if you believe so.

Why don't you fuck off . no one wants you here . don't give a fuck  if you sold your btc for bcash.

+21! If you don't like "core" fuck right off on r/btc/ or wherever the useless bcash idiots meet. You tards have been BitCHing for years already. Here we come for Bitcoin, not your shillcoin.

If we had chosen bigger blocks instead of segwit then all you tribalists would have been talking about segwitards or whatever.

How is this a fucking difficult issue? We chose poorly.

[conspirosphere.tk]

you are just aggressively shilling for "the real" bitcoin, and worst of all speaking as the core team is the "CEO" of bitcoin.

Again??? This is the "Wall Observer BTC/USD" thread. Why I must keep reading your idiotic talking points for years with no end? Fuck off in the shitcoin section at least.

[HairyMaclairy]

The reason we have a war is because it is profitable for the whales. The best way to fight back is to take the profits back from the whales. The war will end as soon as the war stops being profitable, just like every other war. 

[svdleer]

The best way to fight back is to take the profits back from the whales. The war will end as soon as the war stops being profitable, just like every other war. 

I sure hope the BCH FUD stops soon, getting really tired of it.

[realr0ach]

I sure hope the BCH FUD stops soon, getting really tired of it.

It's "FUD" from both BTC and BCH claiming it's possible to create a "decentralized digital currency" when it's NOT.  They are all completely centralized and thus have zero fundamentals.  All this space is at this point are pump and dumpers and programmers who were nobody before bitcoin trying to hype bitcoin to justify their existence and job marketability.

This is the only thing the bankers fear, having their digital and paper scams dumped for physical metals:

[nikauforest]

I am taking some time now to transfer to segwit addresses. ( From my non Armory holdings.)

I used a 140 satoshis per byte. It went through in 3 blocks as a test. ( maybe I overpaid?)

Fees appear to be coming down at the moment.
https://bitcoinfees.earn.com/

So, I got a lot of transactions through quickly at 120-131 Sat / byte, many around $4.35. Not cheap by 2014 standards, but not too bad, I guess. I am leaving my legacy paper wallets alone for the moment.

[RoomBot]

You forkers are nuttier than a fruit cake. Block space is a resource. You can't just... um... double it.

DING DONG!  The Fork is dead!

Which old fork?

Every damn fork!

DING DONG!  The stupid forks are dead!



Above, right, BlindMayorBitcorn