rpietila Wall Observer - the Quality TA Thread ;)

[rpietila]

THIS

[keithers]

That's the whole point. Bitcoin can't sit around with 1mb blocksize forever. Or else the recent price increases will return to "normal", eventually.

The weaker chain will and should die, it's how Satoshi designed it.

I'm really surprised that this ongoing scaling battle hasn't negatively impacted prices at this point already. I think this means that there is a ton of new money flowing into the ecosystem from people that probably haven't even heard of the word "scaling" as it pertains to bitcoin.

Transactions have been taking so much longer too. I had to wait a week to get a confirmation on a $400 transaction sent from blockchain.info using the default fee settings. I didn't realize I needed to adjust that one manually higher because the default has always worked fine in the past

[DieJohnny]

That's the whole point. Bitcoin can't sit around with 1mb blocksize forever. Or else the recent price increases will return to "normal", eventually.

The weaker chain will and should die, it's how Satoshi designed it.

I'm really surprised that this ongoing scaling battle hasn't negatively impacted prices at this point already. I think this means that there is a ton of new money flowing into the ecosystem from people that probably haven't even heard of the word "scaling" as it pertains to bitcoin.

Transactions have been taking so much longer too. I had to wait a week to get a confirmation on a $400 transaction sent from blockchain.info using the default fee settings. I didn't realize I needed to adjust that one manually higher because the default has always worked fine in the past

99.9 percent of all Bitcoin holders don't even know what a blockchain even is and don't care about block size. Bitcoin is an asset class and a safe haven nothing more. Yes this can impact .1 percent of holders and can prevent bitcoin from mooning at the present time. But it won't cause a massive crash because people just cannot put anything technical in any context what soever. Especially when the problem has been around for 2+ years and may not be resovled at all, bitcoin is NOT a transactional currency so bitcoin price largely does not care.

[CoinCidental]

That's the whole point. Bitcoin can't sit around with 1mb blocksize forever. Or else the recent price increases will return to "normal", eventually.

The weaker chain will and should die, it's how Satoshi designed it.

I'm really surprised that this ongoing scaling battle hasn't negatively impacted prices at this point already. I think this means that there is a ton of new money flowing into the ecosystem from people that probably haven't even heard of the word "scaling" as it pertains to bitcoin.

Transactions have been taking so much longer too. I had to wait a week to get a confirmation on a $400 transaction sent from blockchain.info using the default fee settings. I didn't realize I needed to adjust that one manually higher because the default has always worked fine in the past

it isnt so much that
i am well aware of the scaling difficulties and the upcoming HF and i see it as a positive
IF the 95% strong bitcoin /barrycoin emerges the winner the price will quickly jump to about $5k
the 5% or less who want to follow luke jr and wear silly hats can fork off and create their own coin on august 1st

if they are sucessful and their 1mb  chain doesnt die and manages to retain value (like ETH and ETC ) ,i will have as many of those coins as i have of the coins on the winning chain
so in effect ,il be better off after the split (not worse off as fearmongers try to suggest )

[Dafar]

rpietila HELP!!!


Is bitcoin about to crash and burn or are holders going to get rewarded, as always. 

[Torque]

rpietila HELP!!!


Is bitcoin about to crash and burn or are holders going to get rewarded, as always. 

Help me Tom Cruise!

https://www.youtube.com/watch?v=uJ8-eiHLg-M

[Bitcoinaire]

The question is do we go into a long bear market (unlikely imo) or meander downwards until the next bubble/rally later this year?

[conspirosphere.tk]

The question is do we go into a long bear market (unlikely imo) or meander downwards until the next bubble/rally later this year?

Bitcoin bull Novogratz says cryptocurrencies could be worth north of $5 Trillions in 5yrs
https://www.bloomberg.com/news/articles/2017-06-27/novogratz-says-cryptocurrencies-face-monster-regulatory-risks

[Whtwabbit]

The question is do we go into a long bear market (unlikely imo) or meander downwards until the next bubble/rally later this year?

Bitcoin bull Novogratz says cryptocurrencies could be worth north of $5 Trillions in 5yrs
https://www.bloomberg.com/news/articles/2017-06-27/novogratz-says-cryptocurrencies-face-monster-regulatory-risks

"satisfy regulators" LOL

[AmunRa]

New crypto to tha Moon

[bitserve]

It seems that this is the longest "postable" Wall Observer thread atm... Maybe "We" should move here until the WO Drama gets solved

P.S.: Not any relevant wall to observe at this moment though.

[JayJuanGee]

It seems that this is the longest "postable" Wall Observer thread atm... Maybe "We" should move here until the WO Drama gets solved

P.S.: Not any relevant wall to observe at this moment though.

Yeah, but Risto can be a pretty erratic editor of content.

[Dabs]

Well, Novograts is my current favorite billionaire bitcoin bull. He's an "outsider" who bought into bitcoin and other alts.

[CoinCidental]

Well, Novograts is my current favorite billionaire bitcoin bull. He's an "outsider" who bought into bitcoin and other alts.

Tim DRaper is one of the first  billionaires that helped put bitcoin on the map
he bought the silk rd coins from the FBI

another famous guy is patrick byrne ,the billionaire who owns overstock.com

and richard brandson is another billionaire that deserves a mention for accepting bitcoin its its early days

i had never even heard of novagratz until recently

[kurious]

Theymos is asking for a list of who might want to take over the old WO thread:

If option 1 or 3 occur, who are the candidates for new listed owner / mods? Someone please compile a list.

Just spreading the word... Who wants to be the new Adam?

[spiderbrain]

Theymos is asking for a list of who might want to take over the old WO thread:

If option 1 or 3 occur, who are the candidates for new listed owner / mods? Someone please compile a list.

Just spreading the word... Who wants to be the new Adam?

Does that mean we would have to make embarrassing drunk posts?

[rpietila]

This thread is from the early 2014, and actually was made a parody of Adam's thread. So feel welcome!

[kurious]

Theymos is asking for a list of who might want to take over the old WO thread:

If option 1 or 3 occur, who are the candidates for new listed owner / mods? Someone please compile a list.

Just spreading the word... Who wants to be the new Adam?

Does that mean we would have to make embarrassing drunk posts?

Naturally - wouldn't be a proper Wall Observer otherwise.

The idea is to keep it going:

If option 1 or 3 occur, who are the candidates for new listed owner / mods? Someone please compile a list.

[Mythul]

Hello Mr rpietila,

I'm glad I've manged to found this topic again after 3 years. Too bad I didn't take your advice and hodl for the long run.

I will never repeat that mistake.
I just want to tell you a sincere thank you since you've managed to help me develop as a person by sharing your knowledge.

Thank you.

[chopstick]

Yes, I remember when rpietila was promoting monero in here when it was still sub-1 cent.

I was too lazy at the time to pull the trigger, and too obsessed with BTC, lol