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February 16, 2019, 04:38:20 AM *
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Question: Feb. 28 Closing Price:
<$1,000 - 7 (12.7%)
$2,600-$2,800 - 2 (3.6%)
$2,800-$3,000 - 4 (7.3%)
$3,000-$3,200 - 2 (3.6%)
$3,200-$3,400 - 5 (9.1%)
$3,400-$3,600 - 4 (7.3%)
$3,600-$3,800 - 8 (14.5%)
$3,800-$4,000 - 6 (10.9%)
$4,000-$4,200 - 9 (16.4%)
$4,200-$4,400 - 1 (1.8%)
$4,400-$4,600 - 1 (1.8%)
>$6,000 - 6 (10.9%)
Total Voters: 55

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21030818 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (7 posts by 3 users deleted.)
kingcolex
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February 11, 2019, 08:42:14 PM

Even though we won it, I know, you don't want to live through the same shit we did last year but take a deep breath and listen.

Luke basically says, if the blockchain grows at this speed it will be almost impossible for an average Joe to start a full node in a few years.

Take a look at this chart:


https://www.blockchain.com/en/charts/blocks-size?timespan=all

It grows 50gb/year.

In 5 years, you'll have to download 500gb data to start your own node. And if you already say "fuck no i am not doing it", now imagine how would it look like in 10 years.

Luke probably won't succeed this time but people will understand him when it is too late.

This is a win for the bcash team.

***Maybe that's what Rodger aimed in the first place. He knew he would lose the first round but he still insisted on the big blocks and didn't accept defeat. Now he has a very strong ground even the Roger haters don't agree with Luke and see him as a crazy man.  Cheesy





In just five words: Pruning.
It won't be needed, were looking at tomorrow's data with today's infrastructure. That's crap.
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rdbase
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February 11, 2019, 08:45:28 PM

Gotta say probably BoB is like almost right with everything (let us dat most things)
But i’m not the marrying type of person  Undecided
And i Said her to be more active but she’s busy last day’s Roll Eyes
Now i Maybe don’t really live of her back
And yes valentine’s day is uppon us, have Made Some good resto reservations for saturday
But Maybe having a session on thursday not sure but Maybe Roll Eyes
Or Maybe have to be in McDo’s don’t know my own shedule ..... the mind is F***ed up lately  Undecided
By the way LFC... sweet t-shirts, i only have the BTC Xmass sweaters Grin
Her cache of coins has an algorithm of Proof of Love and marriage is the Asic.
Nice statement of sassy love.
You should offer this to hallmark geared toward the crypto enthusiasts who buy valentine cards. Wink
They will get it but she might not. Cheesy
kingcolex
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February 11, 2019, 08:47:38 PM

Gotta say probably BoB is like almost right with everything (let us dat most things)
But i’m not the marrying type of person  Undecided
And i Said her to be more active but she’s busy last day’s Roll Eyes
Now i Maybe don’t really live of her back
And yes valentine’s day is uppon us, have Made Some good resto reservations for saturday
But Maybe having a session on thursday not sure but Maybe Roll Eyes
Or Maybe have to be in McDo’s don’t know my own shedule ..... the mind is F***ed up lately  Undecided
By the way LFC... sweet t-shirts, i only have the BTC Xmass sweaters Grin
Her cache of coins has an algorithm of Proof of Love and marriage is the Asic.
Nice statement of sassy love.
You should offer this to hallmark geared toward the crypto enthusiasts who buy valentine cards. Wink
I'll be waiting for Hallmark to buy my sappy love poems, they can deliver a Lambo and a ledger full of coins to me any time.
JayJuanGee
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February 11, 2019, 08:53:35 PM

Even though we won it, I know, you don't want to live through the same shit we did last year but take a deep breath and listen.

Luke basically says, if the blockchain grows at this speed it will be almost impossible for an average Joe to start a full node in a few years.

Take a look at this chart:


https://www.blockchain.com/en/charts/blocks-size?timespan=all

It grows 50gb/year.

In 5 years, you'll have to download 500gb data to start your own node. And if you already say "fuck no i am not doing it", now imagine how would it look like in 10 years.

Luke probably won't succeed this time but people will understand him when it is too late.

This is a win for the bcash team.

***Maybe that's what Rodger aimed in the first place. He knew he would lose the first round but he still insisted on the big blocks and didn't accept defeat. Now he has a very strong ground even the Roger haters don't agree with Luke and see him as a crazy man.  Cheesy

You seem to be mixing up the your comparison of the situations. 

The BIG blockers were neither coming from a good place, nor did they have justification nor genuine motives for their dumb-ass talking points.

The BIG blockers were merely trying to change bitcoin's governance... and stir shit for no good reason at all.

At least, Luke has good motives, technical justifications and probably don't even need a hardfork for such tweaks that he is suggesting, if they were to go gain consensus and go through.

Furthermore, he is more than willing to work within the consensus system, rather than crying and whining like a baby.
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February 11, 2019, 08:53:49 PM


In just five words: Pruning.

In just few words:

Nope.

You still have to download and verify the blockchain first before you prune it.

Correct me if I am wrong.


You seem to be mixing up the your comparison of the situations.  

The BIG blockers were neither coming from a good place, nor did they have justification nor genuine motives for their dumb-ass talking points.

The BIG blockers were merely trying to change bitcoin's governance... and stir shit for no good reason at all.

At least, Luke has good motives, technical justifications and probably don't even need a hardfork for such tweaks that he is suggesting, if they were to go gain consensus and go through.

Furthermore, he is more than willing to work within the consensus system, rather than crying and whining like a baby.

You have a a point.

If it wasn't blocksize, they would have come up with some other stupid excuse to control the development on bitcoin.

They are basically making up stupid excuses to raise the blocksize in order to separate the core devs from bitcoin.
JayJuanGee
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February 11, 2019, 08:58:41 PM

He is right. We've Lightning now and 300kb blocks is something more than logical!

Please tell me you are joking; it's so hard to detect sarcasm Sad

In the interest of maintaining civility, and playing your scenario out, do you foresee 150kb/150kb == 300kb or 300kb/300kb == 600kb Blocks, accounting for SegWit data ?

No, I'm not joking! Chinese mining cartel is selling every bitcoin they mine to defend bcash price. Lowering blocksize is the ultimate argument of showing them what they do is futile. Plus, it will be a big incentive for Lightning adoption!


I support 300kb blocksize too. Segwit increased the effective blocksize and it's best if that is undone. It won't happen though, and in a way I'm happy that it's so hard to make large changes (even though this one would be positive).

Never sacrifice security for something pitiful like "low fees".

Huh? Segwit is not going to be undone.

You have to get consensus to undo segwit, and recall segwit passed by nearly unanimous consent. 

I doubt that sentiment has changed very much, in terms of undoing segwit. 

It seems that there remains a vast majority of support for segwit that you would have to overcome if you want to undo it... a simple majority would be inadequate.. bitcoin no work like dat...
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February 11, 2019, 08:58:57 PM


In just five words: Pruning.

In just few words:

Nope.

You still have to download and verify the blockchain first before you prune it.

Correct me if I am wrong.



To be honest I haven't personally used pruning. I am assuming you could download an already pruned blockchain ie since the beginning till 1-1-2019 and resume from there. Not sure if core currently has that feature, but it is technically possible without much effort.
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February 11, 2019, 09:02:35 PM

He is right. We've Lightning now and 300kb blocks is something more than logical!

Please tell me you are joking; it's so hard to detect sarcasm Sad

In the interest of maintaining civility, and playing your scenario out, do you foresee 150kb/150kb == 300kb or 300kb/300kb == 600kb Blocks, accounting for SegWit data ?

No, I'm not joking! Chinese mining cartel is selling every bitcoin they mine to defend bcash price. Lowering blocksize is the ultimate argument of showing them what they do is futile. Plus, it will be a big incentive for Lightning adoption!


I support 300kb blocksize too. Segwit increased the effective blocksize and it's best if that is undone. It won't happen though, and in a way I'm happy that it's so hard to make large changes (even though this one would be positive).

Never sacrifice security for something pitiful like "low fees".

Huh? Segwit is not going to be undone.

You have to get consensus to undo segwit, and recall segwit passed by nearly unanimous consent. 

I doubt that sentiment has changed very much, in terms of undoing segwit. 

It seems that there remains a vast majority of support for segwit that you would have to overcome if you want to undo it... a simple majority would be inadequate.. bitcoin no work like dat...
Oh no I'm agreeing with JJG, what's next?

Seriously though we need to not assume things and tack it on, this has nothing to do with Segwit. Segwit going away and 300kb blocks would be the dumbest of dumb.
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February 11, 2019, 09:22:14 PM

I’ll tell you what I’m doing for my girl for Valentine’s. I’m taking her to Manchester for a 2 night stay in a nice hotel next Tuesday & Wednesday but what she doesn’t know is.....

I have 2 tickets for the Champions League 1st leg - Liverpool vs Bayern Munich on the Tuesday Grin
She will be coming along to that, in the freezing cold Cheesy
I wonder are you guys sure that your girls are not reading here? LOL
I am just planning for a candle night dinner with my girl.

What color are those candles?
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February 11, 2019, 09:26:21 PM

[ edited out]
Oh no I'm agreeing with JJG, what's next?

Seriously though we need to not assume things and tack it on, this has nothing to do with Segwit. Segwit going away and 300kb blocks would be the dumbest of dumb.

No problem.. every once in a while, we might agree.  Wink   One thing is making proposals to change bitcoin, another thing is achieving consensus for such proposed change(s).

There seems to be increasing agreement that difficulties to change bitcoin is a feature of bitcoin and not a bug, so seems to me, contrary to some of the bitcoin naysayers, there is no one person or sub-community that is dictating the direction of bitcoin.. ...   
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February 11, 2019, 09:30:35 PM
Merited by micgoossens (1)

One of the World’s Most Popular Apps Will Implement Bitcoin Lightning Network

https://dailyhodl.com/2019/02/11/crypto-milestone-one-of-the-worlds-most-popular-apps-will-implement-bitcoin-lightning-network/

"In a new interview, Square CEO Jack Dorsey says he’s working with the team at Lightning Labs to bring the Lightning Network (LN) to Square’s Cash App. LN is a layer-2 solution designed to speed up Bitcoin transactions and address major criticisms that the number one crypto is way too slow and impractical for mainstream adoption."
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February 11, 2019, 09:33:15 PM

https://twitter.com/kerooke/status/1094958025176113154

micgoossens
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February 11, 2019, 09:40:13 PM

Central banks have been buying up gold at a rate not seen since World War II.

Why?

- Near-record buildup in government debt
- Global instability
- Supply issues
- Inflation

For those same reasons, we buy bitcoin.



https://twitter.com/alecziupsnys/status/1095028886361047040?s=21
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February 11, 2019, 09:41:36 PM

Billionaire ex-PM of Thailand: It’s still early. Most people haven’t yet understood blockchain. If you are willing to learn, you could be rich.

https://twitter.com/redditbtc/status/1094972210790518784?s=21
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February 11, 2019, 09:44:01 PM

Central banks have been buying up gold at a rate not seen since World War II.

Why?

- Near-record buildup in government debt
- Global instability
- Supply issues
- Inflation

For those same reasons, we buy bitcoin.



https://twitter.com/alecziupsnys/status/1095028886361047040?s=21
So I should also buy a little nibble of gold too right? I mean central Banks manipulate so much why wouldn't they manipulate the gold prices if they're holding it.
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February 11, 2019, 09:46:05 PM
Merited by mindrust (5)

Its good to acknowledge when you are wrong. The world is a complex place, and Ive certainly been wrong on many topics (I try to correct them afterwards).

You only make a mistake once you are afraid to correct yourself later or refuse to have an open mind towards new solutions.
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February 11, 2019, 09:48:48 PM

Central banks have been buying up gold at a rate not seen since World War II.

Why?

- Near-record buildup in government debt
- Global instability
- Supply issues
- Inflation

For those same reasons, we buy bitcoin.



https://twitter.com/alecziupsnys/status/1095028886361047040?s=21
So I should also buy a little nibble of gold too right? I mean central Banks manipulate so much why wouldn't they manipulate the gold prices if they're holding it.
You could be on to something there. Cheesy
How about invest into buying pure 0.999% ounce gold coins which are loaded with bitcoin? Grin
Then you could have your investment double covered against the recession.
kingcolex
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February 11, 2019, 09:54:14 PM

Central banks have been buying up gold at a rate not seen since World War II.

Why?

- Near-record buildup in government debt
- Global instability
- Supply issues
- Inflation

For those same reasons, we buy bitcoin.



https://twitter.com/alecziupsnys/status/1095028886361047040?s=21
So I should also buy a little nibble of gold too right? I mean central Banks manipulate so much why wouldn't they manipulate the gold prices if they're holding it.
You could be on to something there. Cheesy
How about invest into buying pure 0.999% ounce gold coins which are loaded with bitcoin? Grin
Then you could have your investment double covered against the recession.
The premiums on those were always stupid, cheaper to buy my own and engrave a private key in them.
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February 11, 2019, 10:00:02 PM

government can kick the can longer than you can stay solvent

I been waiting for the debtpocolypse all my adult life...time to move on
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February 11, 2019, 10:11:02 PM

Gonna keep the argument going a few more days to save on presents    Cool


hehe
Grin Grin
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