Bitcoin Forum
August 28, 2024, 10:32:31 PM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (1%)
7/28 - 11 (11.5%)
8/4 - 16 (16.7%)
8/11 - 7 (7.3%)
8/18 - 5 (5.2%)
8/25 - 7 (7.3%)
After August - 49 (51%)
Total Voters: 96

Pages: « 1 ... 23375 23376 23377 23378 23379 23380 23381 23382 23383 23384 23385 23386 23387 23388 23389 23390 23391 23392 23393 23394 23395 23396 23397 23398 23399 23400 23401 23402 23403 23404 23405 23406 23407 23408 23409 23410 23411 23412 23413 23414 23415 23416 23417 23418 23419 23420 23421 23422 23423 23424 [23425] 23426 23427 23428 23429 23430 23431 23432 23433 23434 23435 23436 23437 23438 23439 23440 23441 23442 23443 23444 23445 23446 23447 23448 23449 23450 23451 23452 23453 23454 23455 23456 23457 23458 23459 23460 23461 23462 23463 23464 23465 23466 23467 23468 23469 23470 23471 23472 23473 23474 23475 ... 33685 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26449615 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. (174 posts by 3 users with 9 merit deleted.)
jbreher
Legendary
*
Offline Offline

Activity: 3038
Merit: 1660


lose: unfind ... loose: untight


View Profile
April 29, 2019, 07:02:38 PM
Last edit: April 29, 2019, 07:17:49 PM by jbreher

Bitcoin increases blocksize and shows it was indeed needing to have larger blocks (which then are filled with nonsense and can push nodes off)

Larger blocks are inanimate. Regardless of size, blocks do not have the power to 'push (so-called) nodes off' of anything. Bitcoin does not owe you a position in its network. Either expend the resources required, or drop to the side in your inability to keep up. Decision is fully yours. Own it.
Cool so how about if someone spammed Bchsv (I think that's the shitcoin flavor you're favoring now)

Hmm. Don't know. I'm not aware of any coin that is routinely referred to as the moniker 'Bchsv'. I suppose you mean Bitcoin-SV? I must admit that my most-used abbreviation of 'SV" is non-standard as well, with the most common ticker being 'BSV'. Oh well, I'll just assume that's what you refer to.

Quote
and pumped out multiple spam attacks to the 128mb blocks for only 1 week. Now that would be an increase of 129gb. Let's say some bad actor like Roger came and kept at it (like he did to btc) and kept I up for let's say 2 months.

If, indeed, the mimers included all those txs. As those with the most non-liquid investment on the line, we trust the miners with enough rope to shoot themselves in the foot. They're not going to make blocks big enough to alienate the economic majority.

OTOH, it does kind of lay bare the lie promulgated by The Wizards Of Core[tm], who pronounced that block size increases were impossible.

Quote
That's an extra 1.032 Terabyte, that's not too much to handle

'zackly

Quote
but i bet you'd have those on the bsv subreddits and forums complaining that they can't keep up, and being mad about spam.

Of course. Bitcoin Core does not have a monopoly on overly-entitled whiners.

Quote
Especially since that community is moreso mad broke kids who missed out on real btc and want a redo.

I think you are grievously mistaken. While anecdotal, the evidence I have seen suggest that there is a higher percentage of well-capitalized Bitcoin OGs in the big block corner than there is in the BTC camp.

Quote
TBH a bad actor could easily inflate bsv to 6.7 terabyte a year

Oh. Emm. Gee. exclamation_point. I'd have to pay ... umm ... $160 in order to store all that. The horror.

Of course, it would again require the cooperation of at least half the mining hash power. Otherwise, less storage needed.
Raja_MBZ
Legendary
*
Offline Offline

Activity: 1862
Merit: 1505



View Profile
April 29, 2019, 07:05:00 PM

Crossing $5500 once again, this could be a bad fakeout. IMO, if the daily candle closes in red, there's a big chance that we follow this path:



However, if BTC manages to close today's daily candle in green, it'll be interesting and (arguably) wild from bulls.

"Told you so"...


So now it rises? I'm down with that.

We're probably going to see another two days of red-hot pain before the green-grassy bounce back.
Nah it's the weekend, let's reschedule that pain for Monday.

Toxic2040
Legendary
*
Offline Offline

Activity: 1792
Merit: 4141



View Profile
April 29, 2019, 07:07:00 PM

https://bitinfocharts.com/bitcoin/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r another chunk out of the finex cold wallet
102k-> 89k

gotta be at least 150+ mio that has fled so far...thats gotta smart some
jbreher
Legendary
*
Offline Offline

Activity: 3038
Merit: 1660


lose: unfind ... loose: untight


View Profile
April 29, 2019, 07:07:37 PM
Last edit: April 29, 2019, 07:18:57 PM by jbreher

Larger blocks are inanimate. Regardless of size, blocks do not have the power to 'push (so-called) nodes off' of anything. Bitcoin does not owe you a position in its network. Either expend the resources required, or drop to the side in your inability to keep up. Decision is fully yours. Own it.

a race to the bottom?

No. A race to the top.

Quote
just how big a datacenter and monthly cost will eventually be needed to run bsv with its "everything including the kitchen sink" philosophy? to the point only billionaires and humongous companies etc can afford it?

is there any upper limit? i am genuinely curious.

Well, there's currently an upper limit that is not too atrocious. The story for the future is no upper limit.

Implicit in your question would seem to be the philosophy that the system should be limited in order to allow those with no skin in the game to be first-class citizens. Why do you believe this to be appropriate?

You would think that those that abdicated the mining to those willing to take the risk would have learned this lesson already.
BTCMILLIONAIRE
Hero Member
*****
Offline Offline

Activity: 1358
Merit: 834



View Profile
April 29, 2019, 07:08:46 PM

BTC 8 tps
BCH 80 tps
BSV 800 tps
There are shitcoins with over 10k tps. Should we dump BSV for them?
jbreher
Legendary
*
Offline Offline

Activity: 3038
Merit: 1660


lose: unfind ... loose: untight


View Profile
April 29, 2019, 07:12:56 PM

Btw imagine bch or bsv having a 51% attack while their communities have preached that hashrate is all that matters.

I don't see what you are getting at. Doing such would seem to validate the hypothesis.
jbreher
Legendary
*
Offline Offline

Activity: 3038
Merit: 1660


lose: unfind ... loose: untight


View Profile
April 29, 2019, 07:15:37 PM

Decision is fully yours. Own it.

Hows that working out for you bear? 

So far? Suboptimal. Yet in this moment, I am serene.

Quote
Owning it?

Yup. Fully. What's it to you? Was that supposed to sting or something?

Quote
...bubye

Umm... you leaving?
BTCMILLIONAIRE
Hero Member
*****
Offline Offline

Activity: 1358
Merit: 834



View Profile
April 29, 2019, 07:16:45 PM

Decision is fully yours. Own it.

Hows that working out for you bear?  Owning it?

k thanks and now gtfo with your big blocker bullshit...bubye

https://i.imgur.com/winWljK.jpg
If history is anything to go by then we know that today's prices are irrelevant. Just look at Amazon crashing into the ground and now being the most valuable company in the world.

Not saying BSV will get anywhere, but still. Non-argument.
bitserve
Legendary
*
Offline Offline

Activity: 1834
Merit: 1477


Self made HODLER ✓


View Profile
April 29, 2019, 07:18:21 PM

Btw imagine bch or bsv having a 51% attack while their communities have preached that hashrate is all that matters.

I don't see what you are getting at. Doing such would seem to validate the hypothesis.

Makes sense.

I got a question for you... if Bitcoin increased its blocksize so that PEAK usage would be under 80% capacity... would you reconsider your current preference of BSV over Bitcoin or would you still be insisting in BSV to be a better choice because of... donno... "way bigger" blocks and no segwit/LN support?
jbreher
Legendary
*
Offline Offline

Activity: 3038
Merit: 1660


lose: unfind ... loose: untight


View Profile
April 29, 2019, 07:19:54 PM

BTC 8 tps
BCH 80 tps
BSV 800 tps
There are shitcoins with over 10k tps. Should we dump BSV for them?

Not traceable to the satoshi genesis? Such would be unwise. YMMV.
ðºÞæ
Sr. Member
****
Offline Offline

Activity: 1176
Merit: 297


Bitcoin © Maximalist


View Profile
April 29, 2019, 07:19:54 PM

Quote
TBH a bad actor could easily inflate bsv to 6.7 terabyte a year


..... to scale and test Bitcoin beyond gigabyte and eventually to terabyte blocks. Unlimited blocks are coming.

Terabyte vs Floppy disc sized blocks.   I remember the days of the new game spread over 10 1.44mb floppy's, horrible things.
Last of the V8s
Legendary
*
Offline Offline

Activity: 1652
Merit: 4392


Be a bank


View Profile
April 29, 2019, 07:21:12 PM

https://www.fxstreet.com/cryptocurrencies/news/the-sec-has-suspended-trading-in-crypto-securities-for-bitcoin-generation-exchange-201904291750

never heard of this place
jbreher
Legendary
*
Offline Offline

Activity: 3038
Merit: 1660


lose: unfind ... loose: untight


View Profile
April 29, 2019, 07:25:05 PM

Btw imagine bch or bsv having a 51% attack while their communities have preached that hashrate is all that matters.

I don't see what you are getting at. Doing such would seem to validate the hypothesis.

Makes sense.

I got a question for you... if Bitcoin increased its blocksize so that PEAK usage would be under 80% capacity... would you reconsider your current preference of BSV over Bitcoin or would you still be insisting in BSV to be a better choice because of... donno... "way bigger" blocks and no segwit/LN support?

Hmm. Lot of dependencies. It would certainly make the situation vastly improved in my mind. Peak under 80% capacity would eliminate the persistently-full block state - so that's goodness. But how would this sliding block cap be regulated? Who has their hands on the lever? How realistic will it remain to deal only in coins that have never been through a SegWit address?
BTCMILLIONAIRE
Hero Member
*****
Offline Offline

Activity: 1358
Merit: 834



View Profile
April 29, 2019, 07:25:39 PM

BTC will not be able to increase the block size because in this case it will have to cancel the Seqwit

Just how fucking retarded are you ?
Given the amount of poorly written copy/paste talking points. Extremely.
Toxic2040
Legendary
*
Offline Offline

Activity: 1792
Merit: 4141



View Profile
April 29, 2019, 07:25:50 PM

Decision is fully yours. Own it.

Hows that working out for you bear?  

So far? Suboptimal. Yet in this moment, I am serene.

Quote
Owning it?

Yup. Fully. What's it to you? Was that supposed to sting or something?

Quote
...bubye

Umm... you leaving?

Yes.

No.

----

If history is anything to go by then we know that today's prices are irrelevant. Just look at Amazon crashing into the ground and now being the most valuable company in the world.

Not saying BSV will get anywhere, but still. Non-argument.

Whilst I appreciate loyalty, there is no argument. The market decided a long time ago. Some people just have failed to realize it. I was stating what I believe are facts. #dyor



3h


3h

#stronghands
jbreher
Legendary
*
Offline Offline

Activity: 3038
Merit: 1660


lose: unfind ... loose: untight


View Profile
April 29, 2019, 07:28:23 PM

Btw imagine bch or bsv having a 51% attack while their communities have preached that hashrate is all that matters.

I don't see what you are getting at. Doing such would seem to validate the hypothesis.
You really believe the bch or bsv community wouldn't throw fits during a 51% attack instead of saying well that just means we didn't have enough hash?

A 51% 'attack' is merely evidence that 'the community' did not realize that the actual community was a group other than that which they assumed.

Quote
Btw what coin would you follow if they both did forks and revert the 51% attacks ?

I'm not sure I understand your question - care to rephrase?

Quote
I in no way can see you standing for a reversal of transactions.

At the risk of repeating myself: chain reorgs do not reverse transactions.
jbreher
Legendary
*
Offline Offline

Activity: 3038
Merit: 1660


lose: unfind ... loose: untight


View Profile
April 29, 2019, 07:31:58 PM


Neither.

United States financial regulator, the Securities and Exchange Commission (SEC) has taken action and forced a temporary suspension of trading in the securities of crypto exchange Bitcoin Generation

Almost sounds of if they are suspending trading of the securities that represent ownership in 'Bitcoin Generation' as an entity to itself.
BTCMILLIONAIRE
Hero Member
*****
Offline Offline

Activity: 1358
Merit: 834



View Profile
April 29, 2019, 07:32:21 PM

If history is anything to go by then we know that today's prices are irrelevant. Just look at Amazon crashing into the ground and now being the most valuable company in the world.

Not saying BSV will get anywhere, but still. Non-argument.

Whilst I appreciate loyalty, there is no argument. The market decided a long time ago. Some people just have failed to realize it. I was stating what I believe are facts. #dyor
Facts are only such after the fact, and in this case history has yet to unfold.

The market isn't even at the size of a wet fart today. Things can change very quickly as the world on-boards.

I still don't think BSV will pull ahead, but the race certainly isn't over. I mean Trump is president and people are being publicly apologetic to the sexualization of children. We don't live in a rational world.
jbreher
Legendary
*
Offline Offline

Activity: 3038
Merit: 1660


lose: unfind ... loose: untight


View Profile
April 29, 2019, 07:35:07 PM


Too bad, so sad. Your intent to kick another when 'down' was ineffectual.
bitserve
Legendary
*
Offline Offline

Activity: 1834
Merit: 1477


Self made HODLER ✓


View Profile
April 29, 2019, 07:37:20 PM

Btw imagine bch or bsv having a 51% attack while their communities have preached that hashrate is all that matters.

I don't see what you are getting at. Doing such would seem to validate the hypothesis.

Makes sense.

I got a question for you... if Bitcoin increased its blocksize so that PEAK usage would be under 80% capacity... would you reconsider your current preference of BSV over Bitcoin or would you still be insisting in BSV to be a better choice because of... donno... "way bigger" blocks and no segwit/LN support?

Hmm. Lot of dependencies. It would certainly make the situation vastly improved in my mind. Peak under 80% capacity would eliminate the persistently-full block state - so that's goodness. But how would this sliding block cap be regulated? Who has their hands on the lever? How realistic will it remain to deal only in coins that have never been through a SegWit address?

It doesnt matter how... I mean, it does.. but as an hypotesys lets just assume BY ANY MEAN which could just be a moderate block size increase (ie: double) combined with other things like increase of LN usage, etc....

You could keep using your legacy non-segwit coins BUT... I guess you would have some problem forcing other people to send you coins that fulfill your "full legacy trace" requirement. In fact you probably already have that problem, don't you?
Pages: « 1 ... 23375 23376 23377 23378 23379 23380 23381 23382 23383 23384 23385 23386 23387 23388 23389 23390 23391 23392 23393 23394 23395 23396 23397 23398 23399 23400 23401 23402 23403 23404 23405 23406 23407 23408 23409 23410 23411 23412 23413 23414 23415 23416 23417 23418 23419 23420 23421 23422 23423 23424 [23425] 23426 23427 23428 23429 23430 23431 23432 23433 23434 23435 23436 23437 23438 23439 23440 23441 23442 23443 23444 23445 23446 23447 23448 23449 23450 23451 23452 23453 23454 23455 23456 23457 23458 23459 23460 23461 23462 23463 23464 23465 23466 23467 23468 23469 23470 23471 23472 23473 23474 23475 ... 33685 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!