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

[fillippone]

In the meanwhile :

BITCOIN CASH just halved!

https://blockchair.com/bitcoin-cash/block/630000

Meanwhile, no new blocks mined yet. That was close to 50 minutes ago.

LOL.

LoL. 2.5 hours... still no block!

Edit:
Good job no one uses it, or it might have caused some people troubles.

If I gave a fuck, I would be worried by now.

BTC has a bug, preventing the first block being used to compute the next difficulty.
According to this:
Bitcoin Difficulty Estimator

FUN FACT:  Due to a longstanding bug in the Bitcoin source code, the time spent mining the first block in each difficulty epoch actually has no effect on the next difficulty calculation.  Even if this block somehow took an entire year to mine, it would not cause the next difficulty to drop, believe it or not!  The calculations on this site take this bug into account to help produce the most accurate difficulty estimate possible.  For more information on this bug, please refer to this section of Andreas Antonopolous's book, Mastering Bitcoin.

Has BCH the same bug?

EDIT: corrected my bbrrrrroken english.

[1714861448]

1714861448

[1714861448]

1714861448

[1714861448]

1714861448

[1714861448]

1714861448

[P_Shep]

In the meanwhile :

BITCOIN CASH just halved!

https://blockchair.com/bitcoin-cash/block/630000

Meanwhile, no new blocks mined yet. That was close to 50 minutes ago.

LOL.

LoL. 2.5 hours... still no block!

Edit:
Good job no one uses it, or it might have caused some people troubles.

If I would give a fuck, I would be worried by now.

Hopefully Roger left his laptop on solo mining.

[Elwar]

You guys remember when BCH used to mine blocks?

[nutildah]

BCH actually went 5.5 hours without mining a block back in January.

The next block was 2.3 MB. Good thing it has such a huge block size limit!  

Here was the explanation from the reddit thread linked above:

Can someone explain how there could be such a long time between blocks? Only thing I can think of is if a bunch of miners join, which raises the difficulty, then those miners drop off, leaving the diff way too high for the other miners to solve a block within 10mins. Is this what's happening?

Precisely. BCH actually changed their difficulty adjustment awhile back to "improve" it but ended up introducing one that was much easier to game. Larger miners will drop off the network and then come back online once the adjustment has made the difficulty much lower so that it's quicker for them to mine blocks.

"Peer-to-Peer Electronic Cash" indeed. Just as Satoshi intended.

Edit: aw, new block found. Fun's over.  

It had a whopping 1094 transactions and was 612 kb. That's 10 transactions a minute! 

[VB1001]

https://twitter.com/yassineARK/status/1247601281813884928

[P_Shep]

Just the 3 hours this time then.
Next one in... 3 hours?

[Last of the V8s]

So bcash had their halving today. After that, it took them 109 minutes to mine their next block.
In the last 10 blocks, there have only been 1,541 transactions in bch. Bitcoin has had nearly twice as much just in the last block.
Imagine buying coffee with bcash. They need 6 confirmations after payment. 6 x 109 minutes = over 10 hours. So you can pay your coffee with bch and come back the next day to drink it.

zeroconf is 'perfectly safe' though so wtf

[Ibian]

Sending kids back this soon is insanity. They are the primary infection vector. What we should be doing is sending workers back to work, so we can actually afford to treat patients and develop some way to defend against it. Let kids stay at home where it's safe. Literally think of the children. They are dirty and germy and smelly.

They are also cute, full of energy and most of the time lacking in jadedness... contrasting with some foks.

Hey, my own sister thought her first kid smelled bad when she was pregnant with her second. I explained that this is so she doesn't get the bright idea to eat him.

Lots of stuff has very practical evolutionary reasons. This is just one of them.

Also they really are germy little fucks. Keep them out of school.

[hv_]

BCH actually went 5.5 hours without mining a block back in January.

The next block was 2.3 MB. Good thing it has such a huge block size limit!  

Here was the explanation from the reddit thread linked above:

Can someone explain how there could be such a long time between blocks? Only thing I can think of is if a bunch of miners join, which raises the difficulty, then those miners drop off, leaving the diff way too high for the other miners to solve a block within 10mins. Is this what's happening?

Precisely. BCH actually changed their difficulty adjustment awhile back to "improve" it but ended up introducing one that was much easier to game. Larger miners will drop off the network and then come back online once the adjustment has made the difficulty much lower so that it's quicker for them to mine blocks.

"Peer-to-Peer Electronic Cash" indeed. Just as Satoshi intended.

Edit: aw, new block found. Fun's over.  

It had a whopping 1094 transactions and was 612 kb. That's 10 transactions a minute! 

hmm, so you say because there is this halfening big blocks are good ?

 

[Ibian]

Good morning HODLERS & COVID-19 avoiders!

I woke up to see 3000+ Merit (2000+ earned). I have to say thanks, largely to donations from the WO’s hehe.
I’m just going to congratulate myself right now -



Observing $7,313 & ready to go back to five figures

The one dude looks like he is about to strangle the other dude.

[Last of the V8s]

https://ttmygh.com/hmmminars/
New series of Grant Williams podcasts
Join me and a series of very special guests to discuss the crazy world in which we suddenly find ourselves. Equity and bond markets, currencies, commodities and, of course, politics and policy will all come under the microscope with the opportunity for you to ask questions in the live Q&A.

[Wekkel]

Another 12-18 hrs drifting sideways ahead in an attempt to correct. The bullish/brave/foolish (pick your mood) use the time to accumulate some more. Shorters will be shafted after play hours are over.

[d_eddie]

Hey, my own sister thought her first kid smelled bad when she was pregnant with her second. I explained that this is so she doesn't get the bright idea to eat him.

Lots of stuff has very practical evolutionary reasons. This is just one of them.

Your understanding of evolution seems a bit shaky.

[fillippone]

Good morning HODLERS & COVID-19 avoiders!

I woke up to see 3000+ Merit (2000+ earned). I have to say thanks, largely to donations from the WO’s hehe.
I’m just going to congratulate myself right now -



Observing $7,313 & ready to go back to five figures

Impressive mate.
Merits AND activity.
This put you on a totally different league than us plebs.

EDIT: Sorry, had to manually correct an invalid amounts of merits. I 'm slow at getting the jokes.

[Ibian]

Hey, my own sister thought her first kid smelled bad when she was pregnant with her second. I explained that this is so she doesn't get the bright idea to eat him.

Lots of stuff has very practical evolutionary reasons. This is just one of them.

Your understanding of evolution seems a bit shaky.

Feel free to propose an alternative hypothesis. I can't fucking wait to see what you come up with.

[VB1001]

Good morning HODLERS & COVID-19 avoiders!

I woke up to see 3000+ Merit (2000+ earned). I have to say thanks, largely to donations from the WO’s hehe.
I’m just going to congratulate myself right now -



Observing $7,313 & ready to go back to five figures

Congrats, LFC

I made a record in case you want to save your 3,000 merits.

https://bitcointalk.org/index.php?topic=178336.msg54178645#msg54178645

[nutildah]

hmm, so you say because there is this halfening big blocks are good ?

 

Uh, no. I was saying bcashers who had been waiting up to 5 hours for their transaction to process woulda been pretty pissed if they had to wait for yet another block.

Of course, the whole point of having bigger blocks isn't so you can cram transactions built up over the span of 5.5 hours into a single block, but it is a benefit in the face of bcash's wonky block times.

[fillippone]

<...>

New Trilegendary Hat.

ellamadonna! Holy Cow!

This is a bit harsh in a quarantine-social distancing period.

[VB1001]

^
Here you can warm the ears.

[Ibian]

Yeah but her tits are fake. You all know that right?