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News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
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Question: Next Bubble Top (resulting in a new ATH):
Will never reach a new ATH - 4 (5.9%)
$20,000-$49,999 - 12 (17.6%)
$50,000-$99,999 - 20 (29.4%)
$100,000-$149,999 - 11 (16.2%)
$150,000-$199,999 - 6 (8.8%)
$200,000-$249,999 - 4 (5.9%)
$250,000-$299,999 - 1 (1.5%)
$300,000-$350,000 - 1 (1.5%)
>$350,000 - 9 (13.2%)
Total Voters: 68

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21499520 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. (138 posts by 32 users deleted.)
kenzawak
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February 11, 2019, 11:00:19 PM

A restaurant in Barcelona :

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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jbreher
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lose: unfind ... loose: untight


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February 11, 2019, 11:06:33 PM

I don't mindlessly support Luke's 300kb blocks neither. I just wanted to point out his angle.

Dashjr has been spewing his insane 'smaller blocks' schpiel since years. It dovetails neatly right between his insistence that the sun circles the earth, and his conviction that it is not immoral to summarily execute every human that does not believe his exact picture of magic sky fairy.
El duderino_
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February 11, 2019, 11:07:44 PM

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

^^^ FTFY.

via Imgflip Meme Generator
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Be a bank


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February 11, 2019, 11:12:22 PM

crypmike
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February 11, 2019, 11:18:38 PM



jbreher
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lose: unfind ... loose: untight


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February 11, 2019, 11:19:49 PM

The BIG blockers were neither coming from a good place,

Same place as you, mon frere.

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nor did they have justification

All the justification needed. How soon you forget: Censorless. Permissionless.

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nor genuine motives

Absolute twaddle.

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for their dumb-ass talking points.

Which, of course, is why they needed to be purged from public discourse by the high priests of the Bitcoin information venues. Roll Eyes
kingcolex
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February 11, 2019, 11:22:59 PM

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.

 In 5 years, technology and infrastructure should hopefully have further matured to the point where you start up Bitcoin for the first time, go and take a nice deuce, come back to your system a few minutes later, and should be mostly good-to-go.

 Downloading 500gb for a node 5 years from now should be such an absolute non-issue, it's embarrassing that people are seriously considering taking a backwards step right now, and failing to see the larger picture.

 And you wonder why I'm legit taking crazy pills  Undecided

Imagine how I must feel reading this response. Funny world, Bob.

Funny, funny world.
Think of this Bob, JJG, Jbreher and I all agreeing on something. For something to be so silly that we all agree with ease is massive.

300kb blocks are crazy.

I like lightning as much as the other but why handicap Bitcoin for no reason and put all that risk on a truly untested technology.
El duderino_
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February 11, 2019, 11:23:05 PM

If you don’t have a deep understanding of:

1. What money is
2. Functions of money
3. Monetary history
4. Money properties that fulfill its various functions

Then don’t you dare criticize Bitcoin.
https://twitter.com/alecziupsnys/status/1095092744337453061?s=21

And the more you learn about those 4 things, the more you realize bitcoin was designed by people who know what the hell they're doing.
jbreher
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February 11, 2019, 11:24:01 PM

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

Correct me if I am wrong.

Well, I don't know the current situation, but some years ago, gmax stated that core no longer verifies back to the genesis block, relying instead upon a centralized checkpoint as 'good enough'. Still downloaded, just not verified. Weird.
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February 11, 2019, 11:25:27 PM

Early into HODLspace

Good night Observers of the Wall ........
kingcolex
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February 11, 2019, 11:26:39 PM

Early into HODLspace

Good night Observers of the Wall ........
You know Mic is sleepy and probably a few beers in when he's spewing Twitter quotes.
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All good things to those who wait


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February 11, 2019, 11:27:40 PM

What is so special about this price (3600$ Bitstamp and 3700$ Bitfinex) that we sit here for 1 month?!? Is this some major resistance that will turn the tide or what? What are the buyers waiting for - another bart? It is silly and greedy to wait with cash for a few % more at this ridiculous price. Well, at least the buy support to 3200$ increased significantly. Do these "buyers" realy believe their bids will be fulfilled:
criptix
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February 12, 2019, 12:04:49 AM

What is so special about this price (3600$ Bitstamp and 3700$ Bitfinex) that we sit here for 1 month?!? Is this some major resistance that will turn the tide or what? What are the buyers waiting for - another bart? It is silly and greedy to wait with cash for a few % more at this ridiculous price. Well, at least the buy support to 3200$ increased significantly. Do these "buyers" realy believe their bids will be fulfilled:


Most people are still scared because the bear market COULD still go one more -50%.

People need to regain trust again, which will start the accumulation phase.

If the accumulation phase is over then we will transition into the next bull run.


Imho we will probaly have the next bull run starting in around 20+ months
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How much alt coin diversification is needed? 0%?


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February 12, 2019, 12:06:14 AM



It's .3x... hahahahahaha
HairyMaclairy
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February 12, 2019, 12:07:12 AM

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

Correct me if I am wrong.

Well, I don't know the current situation, but some years ago, gmax stated that core no longer verifies back to the genesis block, relying instead upon a centralized checkpoint as 'good enough'. Still downloaded, just not verified. Weird.

FUD unless properly sourced.
HairyMaclairy
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February 12, 2019, 12:09:22 AM
Merited by mindrust (3)

We need to be careful guys.

Arguing against 300kb blocks is playing right into the big blockers hands. 

The real argument is about maintaining stability of the protocol unless there is a really good reason to change it.  And there arent good reasons on either the big or little side. 
Bitcoinaire
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February 12, 2019, 12:14:14 AM

It would be nice to see some follow through with this last price jump.
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Aceeasi Marie cu alta palarie


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February 12, 2019, 12:18:27 AM


 Hey, he's a milliner's apprentice so you should cut him some slack.  Tongue
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February 12, 2019, 12:19:17 AM

It would be nice to see some follow through with this last price jump.

It appears that the follow through is going in the wrong direction at the moment.  Cry
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February 12, 2019, 12:21:14 AM

Thinking about starting a youtube channel. As I mentioned the other day, the mouse utopia mirrors current world events too much to simply write it off as coincidence. There is so much crazy shit happening every day that could be interpreted in that light, I'd never run out of material.
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