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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20905. (Read 26695877 times)

sr. member
Activity: 392
Merit: 250
XT as a threat, a manifestation of the frustration with perceived/real intransigence on the maxblocksize question from core devs, has done what it was intended to do... 1MB crowd got rekt, along with 20MB dreamers, and a compromise appears to be cresting the horizon. Jeff Garzik was right all along, sad it took a bunch of drama to get here. It was also a demonstration that the choice lies with the miners, which it absolutely does.

It's not over and the choice doesn't lay with the miners. It lays with the market, with the people who decide to invest in this project or not. Nobody is going to dump a billion dollars into bitcoin currency and infrastructure knowing they can be held hostage by miners at any time.  BIP100 does not do enough to allay those fears.

Miners need to be fucking broken to get it into their fat heads that we don't want to buy cripplecoins. I'm selling any pump and not buying back until they grok the situation.

You don't like mining without fees? Try mining $100 coins.  Who run Bartertown? I run Bartertown.

You and the 13% of nodes that XT topped out at? Time to make a compromise, or sell, I'm pretty sure the market can stand your frustration dumpage. The argument and subsequent arrival of XT showed the core devs they don't live in a vacuum, and you should be happy about it.

Edit: Very poor decision by Hearn to include anything else in XT, gasoline to a(n) (imaginary) fire that already existed about his real motives.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1106
Merit: 1007
Hide your women
XT as a threat, a manifestation of the frustration with perceived/real intransigence on the maxblocksize question from core devs, has done what it was intended to do... 1MB crowd got rekt, along with 20MB dreamers, and a compromise appears to be cresting the horizon. Jeff Garzik was right all along, sad it took a bunch of drama to get here. It was also a demonstration that the choice lies with the miners, which it absolutely does.

It's not over and the choice doesn't lay with the miners. It lays with the market, with the people who decide to invest in this project or not. Nobody is going to dump a billion dollars into bitcoin currency and infrastructure knowing they can be held hostage by miners at any time.  BIP100 does not do enough to allay those fears.

Miners need to be fucking broken to get it into their fat heads that we don't want to buy cripplecoins. I'm selling any pump and not buying back until they grok the situation.

You don't like mining without fees? Try mining $100 coins.  Who run Bartertown? I run Bartertown.
legendary
Activity: 1092
Merit: 1000
XT as a threat, a manifestation of the frustration with perceived/real intransigence on the maxblocksize question from core devs, has done what it was intended to do... 1MB crowd got rekt, along with 20MB dreamers, and a compromise appears to be cresting the horizon. Jeff Garzik was right all along, sad it took a bunch of drama to get here. It was also a demonstration that the choice lies with the miners, which it absolutely does.


bitcoin is going to fail.. miners should not control the block size.. bitcoin becomes pointless.. may as well keep the debit card system we already have if mining companies are controlling and making a profit on fees.... now i understand why i planning on eating pasta with a fork.... XT loses because of the "blockchain blacklists" .. this blockchain fork is all about losing atm.

sr. member
Activity: 392
Merit: 250

It simply delegates control to the admin of the pool node, where it has always been. XT (and diverting hashes towards your interest), has shown that a chance to exit does exist. I assume that miners and yes, even "gasp", blockstream, does want increased usage in general. You either think that our interests will eventually align, or you don't, and you sell nao. Time to rally behind a solution that actually does increase the maxblocksize. (And yes it is in the miners' best interests (now) to grow the number of transactions while a subsidy exists to facilitate it.)
staff
Activity: 4270
Merit: 1209
I support freedom of choice
sr. member
Activity: 392
Merit: 250
XT as a threat, a manifestation of the frustration with perceived/real intransigence on the maxblocksize question from core devs, has done what it was intended to do... 1MB crowd got rekt, along with 20MB dreamers, and a compromise appears to be cresting the horizon. Jeff Garzik was right all along, sad it took a bunch of drama to get here. It was also a demonstration that the choice lies with the miners, which it absolutely does.
sr. member
Activity: 392
Merit: 250
The recent shorts were wiped out on Bitfinex yesterday.



I wouldn't call stopping out 20+% of shorts with a 5% price increase all that encouraging. If they were adding... that would be very bullish.

Who is the owner of Chart Buddy?

Richy_T
legendary
Activity: 1274
Merit: 1000
The Golden Rule Rules
Who is the owner of Chart Buddy?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 344
Merit: 250
The recent shorts were wiped out on Bitfinex yesterday.

sr. member
Activity: 392
Merit: 250
anyone notice that in 30 minute bitfinex chart there is inverted head and shoulder, target price is 268 Huh
where you know the target price is 26*$ ?
can you give me source about it ?

hint: Begins with "a". Ends with "s".
sr. member
Activity: 364
Merit: 250
anyone notice that in 30 minute bitfinex chart there is inverted head and shoulder, target price is 268 Huh
where you know the target price is 26*$ ?
can you give me source about it ?
sr. member
Activity: 363
Merit: 250
Where's teh "Deez Nuts" option on the poll? I demand a recount!
legendary
Activity: 1456
Merit: 1000
anyone notice that in 30 minute bitfinex chart there is inverted head and shoulder, target price is 268 Huh
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 910
Merit: 1003
Why does people keep on yapping that Blockstream does not want bigger blocks? Its is a fundamental for their project to catch on.

Blockstream has been more than clear about it: they do not want to raise the block size limit until the network is saturated.  And they want to keep it saturated forever; although they admit that the limit will have to be raised later, they do not intend to raise it to match the demand. 

They are adamant about that, because their vision for the future of bitcoin includes having users compete for space on the blocks by raising their fees, in teh so-called "fee market".  They also want all "banal" traffic (such as paying for a cup of coffee) pushed out of the blockchain, to some off-chain solution. 

The "fee market" will not happen unless the network is congested, that is, there is a persistent backlog of unconfirmed transactions in the queues, and not every transaction that is issued will be included in the next block.  If there were no backlog, then every trasnaction would be confirmed in the next available block, and therefore no one would have to pay more than the minimum fee. 
legendary
Activity: 1624
Merit: 1008
First speculation, sort of.......

I spent the fiat from my recent sale of some btc.  I always spend all my fiat be it btc, altcoins (gasp  Shocked), women or necessities.  This time it was family.  Hopefully falling prices will coincide with fresh fiat.


As far as what it takes to run a node, I bought the 2nd cheapest comp I could find more than a year ago with the smallest HD which was 500 GB.  I have the btc blockchain on it as well as 2 altcoin blockchains (gasp  Shocked gasp  Shocked).  I have only used 109 GB of the HD.  I have no videos on it.   Bandwidth has been no issue and they recently upgraded my connection.  No router, hardwired.

So what are the hardware issues with btc?
legendary
Activity: 1092
Merit: 1000


i foresee a future where bitcoin is the world reserve currency and governments secure the blockchain

expecting bitcoin to grow and always allow full nodes to run off of a 500$ computer is a silly fantasy.


I foresee a world where central governments are forced to either include crypto as part of their central bank reserves or get out of the counterfeiting business altogether, but that's a long way off and there is no guarantee Bitcoin will be the crypto that prevails.

I haven't seen the cost of running a node go up at all as we approach the 1 MB limit. Hard drive storage is cheaper, bandwidth is cheaper, fast processors are cheaper. All this more than offsets the increased size of the chain. Can anyone out there give an argument otherwise?  Maybe I'm wrong.







the govys are probably going to be out of the counterfeiting business sooner than we think ... and the "blockchain blacklists" is going to keep bitcoin from becoming a reserve currency .
legendary
Activity: 1442
Merit: 1186
Time to long? Looking at the 1 week and 3 day chart on bitstamp with bbands.
I'm just going to leave this here...
http://www.fxkeys.com/doji-candlestick-doji-star-how-to-trade-using-doji-candlestick-and-bollinger-bands/

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