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

[HairyMaclairy]

And “resurfaces” is the wrong term as it implies that the need has previously surfaced, which it has not.  The need may never surface.

You've already banished it from your revisionist history?

There were some high fees in 2017. There was no need for a block size increase as demonstrated by the failure of BCH.

If it was “necessary”, BCH would have won. 

[Toxic2040]

So we have the world’s slowest run on the bank on Bitfinex, and it’s slowly dragging the Bitstamp price up with it.

No guesses so far are close.  This one is hard mode. 

Pat..I'd like to buy a continent.

[JSRAW]

Mo pixels....

Germany?

Looks India to me.

[nanobtc]

Pat..I'd like to buy a continent.

No need to buy, you can just own one.  https://www.amazon.com/Stealing-Network-How-Own-Continent/dp/1931836051

[Toxic2040]

Mo pixels....

img snipped img

Germany?

Looks India to me.

interdasting  did hairy fly up to sri lanka after the incident?

Pat..I'd like to buy a -REDACTED-.

No need to buy, you can just own one.  https://www.amazon.com/Stealing-Network-How-Own-Continent/dp/1931836051

whoops..possible freudian slip there..disregard please and give me a vowel instead.

[alevlaslo]

I think the secwit was implemented in order to prevent the translation of already signed transactions from Satoshi's wallets

a small block at same reason, it was necessary to create a valid cause of secwit

if increase the block, you will have to cancel the secwit, so bitcoin does not want to leave the small block

[somac.]

And “resurfaces” is the wrong term as it implies that the need has previously surfaced, which it has not.  The need may never surface.

You've already banished it from your revisionist history?

There were some high fees in 2017. There was no need for a block size increase as demonstrated by the failure of BCH.

If it was “necessary”, BCH would have won. 

Hahaha, very true. The proof is in the pudding.

[Icygreen]

Mo pixels....

Germany?

Its Vietnam, somewhere along the Mekong delta near Hcmc? Dude playing a bamboo flute in sandals for tips with the Vietnamese 'cam on' meaning thank you written on the case.

[infofront]

This is under the assumption that the block size wouldn't grow when needed, blocks aren't full without outside attacks so there's no evidence that when the time comes we won't increase the block size to a common sense size.

Well, other than the evidence that blocks were kept small the last time they became persistently full. Which, in itself, is pretty strong evidence.

Once the need resurfaces (and it most certainly will), how long do you think it will take to implement the necessary change?

If it was urgent it could probably be done in 48 hours.   But it won’t be urgent.  

It ain't just a river in Egypt.

I would mostly agree with the bear here.
The last full block crisis resulted in inaction, to force people onto segwit. I presume the next full block crisis will result in inaction, to force people onto lightning.

[Paashaas]

And “resurfaces” is the wrong term as it implies that the need has previously surfaced, which it has not.  The need may never surface.

You've already banished it from your revisionist history?

There were some high fees in 2017. There was no need for a block size increase as demonstrated by the failure of BCH.

If it was “necessary”, BCH would have won. 

Even when Bitcoin had high fee's nobody switched to shitcoins.

[Phil_S]

Lines have been crossed down under

Australia is awesome. Feral cats are killing native marsupials like koalas and wallabies, so locals eliminate the invasive species by eating them.

She makes further points which I don't get. Maybe humour?
Cats r good hunters

pls don't eat them

Is that's cats face Photoshopped? Looks a bit off.

Not just cat's face! The whole cat! And more!

[realr0ach]

I just saw the most ludicrous Volkswagen commercial.  It had a bimbo walk in to the apartment she lives in (which would probably be paid for by the dude in any real world scenario) and she saw him playing some sort of Occulus Rift video game and instantly leaves him.  LOL?  What type of message is this supposed to be?  That a guy is supposed to spend 24 hours a day being a woman's servant or you're a bad person?  I mean, that is exactly how women think in real life, but putting it in a commercial and pretending it's okay for them to think like that is just nauseating.

[HairyMaclairy]

Mo pixels....

Germany?

Its Vietnam, somewhere along the Mekong delta near Hcmc? Dude playing a bamboo flute in sandals for tips with the Vietnamese 'cam on' meaning thank you written on the case.

Damn you guys are good.  I knew you wouldn’t let me down.  Yes it’s Vietnam.  More pixels pending.

[HairyMaclairy]

[realr0ach]

K, next up on the HairyMclarry name that street contest:

[El duderino_]

Dammit you did one @my HODLsleep

Wouldn’t guess it right so no problem

[El duderino_]

Good morning WO’s let see where this week is gonna go @

[Paashaas]

https://www.thestar.com.my/business/business-news/2019/04/29/jaguar-land-rover-planning-to-allow-helpful-car-drivers-to-earn-cryptocurrency/

https://www.topgear.com/car-news/fancy-earning-cryptocurrency-while-driving-new-jag

Untill they figure out that IOTA is vaporware and ending with running their own LN node.

[DaRude]

there is no difference between natural and coded scarcity

Today in synagogue my rabbi explained it all to me after telling me how he butchered my circumcision. But then i sniffed some glue with my buddies and now my favorite food is i like yellow

C'mon you're not even trying anymore, is that all that nazi glue huffing? Shitcoins make BTC infinite just as much as iron, aluminium and all of other metals make gold infinite. Put down mein kampf and try to come up with coherent replies.

The reply is perfectly coherent.  If you accept ANY PM scarcity scam, you're putting forth support for all of them.  Silver, Gold, Platinum etc, they're all inflated shiny pretty things to wear around your neck to show off your wealth to others scams with no connection to their real world use prices.  All of those scams are in the exact same category whether you like it or not.  You're either pro-shiny pretty things scam with little correlation in price to their true value or pro-mathematically backed truly scares resources.

Why you keep on pulling sentences out of my quotes  

[realr0ach]

and ending with running their own LN node.

You don't seem to comprehend the only way LN is incentivized to function in the real world is you opening a channel to a bank through which all your transactions will be routed.  It is completely useless.  The base bitcoin network is bad enough in that it has built-in, rent seeking middlemen in every transaction and also requires 3 or more parties to proceed at all - unlike a real peer to peer transaction like physical metals that only requires 2 parties - but Lightning Network places an actual bank as the middleman in every transaction.  It's laughable.