Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18130. (Read 26709954 times)

sr. member
Activity: 378
Merit: 250
www.tgtcoins.com/ico
Yuan to hit the bottom!!
It is quite amazing that Chinese people find it cool to devalue their own currency against bitcoin. I'snt it suspicious or Dumb?
legendary
Activity: 1512
Merit: 1012
legendary
Activity: 1624
Merit: 1126
It's all mathematics...!
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Here it comes ... this was the easiest rise to pick since brexit ...
legendary
Activity: 3431
Merit: 1233
hero member
Activity: 658
Merit: 503
Bear with me
Get ready haha! Pump everything in bitcoin.
legendary
Activity: 1288
Merit: 1087
legendary
Activity: 1708
Merit: 1049
legendary
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
Zimbabwe went from a $100 trillion dollar note to a ''$2 BOND note''  Shocked Shocked

No Bitcoin adoption in Zimbabwe Cry

Old:


New:


Don't worry brother, I've something bigger than Zimbabwe for you, EUROPE IS SHACKING

legendary
Activity: 3620
Merit: 4813
Zimbabwe went from a $100 trillion dollar note to a ''$2 BOND note''  Shocked Shocked

No Bitcoin adoption in Zimbabwe Cry

Old:


New:
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
Good morning BTCland.

Still consolidating I see... $771USD/$1025CAD at Bitcoinaverage.

I see the conversation here has drifted to how bearish Bearstamp is. This is why I've been using BTCaverage as my principal price reference since the Finex hack.

I'd previously used Gox, then Stamp, then Finex, but after each suffered serious problems, there's been no single exchange that has dominated the market, so I choose to go with an averaging service.

Bitcoinaverage not only considers the price at virtually all exchanges, including small regional exchanges and Localbitcoins, weighted to volumes, but it does so while ignoring volumes at zero-fee exchanges like the Chinese big three.

It is also used as a basis for the pricing at the majority of local BTC ATMs in Toronto.
_____

I sometimes wonder if the spread between the Chinese exchanges and Bitstamp is due to the outflow of capital from China.

Are the Chinese paying a premium for coins at Huboi for example, and selling them at a discount at Stamp?
legendary
Activity: 1288
Merit: 1087
hasn't it always been called that anyway? it doesn't seem to be a very cheerful place. let's send them positive vibes.
sr. member
Activity: 322
Merit: 250
we should officially re-name bitstamp to bearstamp. incredible, that with a handful of btc sold here and there bearstamp keeps it all down.

 Sad

Yeah, fuck them! They are always way behind Finex!
legendary
Activity: 2338
Merit: 2106
we should officially re-name bitstamp to bearstamp. incredible, that with a handful of btc sold here and there bearstamp keeps it all down.

 Sad
legendary
Activity: 1260
Merit: 1000
anyway power games..no clean hands in this issue I'm afraid

By my calculations in observing high value transactions (which is the only thing blockchains can accommodate) in real estate, cars, etc, Bitcoin needs a minimum of 50 TPS or 8 MB blocks + Schnorr sigs to function as a working global monetary system with market penetration in the upper middle class.  If you want to take a fuck everyone and their dumb ideology approach, then you would likely just set it and forget it at that minimum required value and never touch it again.  

So now we have to evaluate if Lightning Network actually takes us over this 50 TPS threshold without introducing more problems than it solves, yet it's not actually possible to evaluate LN because there's no concrete routing solution implemented.  We're kinda just sitting around waiting to see if some guy named Rusty Russler is legit in building this stuff or not, or if it can even be done without increasing centralization more than what it is now.  

The not so conspiracy side claims that since Blockstream is being funded with several millions of dollars, there would need to be a way for them to monetize the system via network effect to regain their capital, meaning the routing would inherently lead to more centralization because they wouldn't make any money otherwise.  So I guess the only way to find out is to follow the money trail and find out if Blockstream is being funded by someone who already holds a large position in BTC and wishes to enhance that value, or by someone who doesn't currently own BTC and wishes to extract from the masses by usury skimming in having a big share of transactions routed to them.

And that is the story of Bitcoin.
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!

[...]

2016 - 145 exchanges - in 40 countries



Does this look like BTC or the banks are dying?? Smiley
legendary
Activity: 1260
Merit: 1000
I've only ignored 2 trolls in all my time here, and that was because they were truly obnoxious.

The first was MatTheTwat

MatTheMat was one of the few interesting (interesting, not accurate) posters on here:

https://bitcointalksearch.org/topic/mat-isms-more-tales-from-the-trading-floor-of-the-bitcoin-markets-1455386
copper member
Activity: 2898
Merit: 1465
Clueless!
Core is working on a 2mb hardfork proposal, testing is in progress! Amazing news!

" 4) Some of us also agreed to work on another hardfork proposal including a 2 MB "no wallet changes necessary" block size bump, which we've been making progress on over the past year, including even after conclusion of the original agreement (there is currently a testnet for an incomplete version running)."

http://np.reddit.com/r/Bitcoin/comments/5gcg98/will_there_be_no_capacity_improvements_for_the/darfdyg/

This looks like old BIP103 coded by Sipa / Wullie. Why does his BS boss /CTO  does not use that for reunion the split community?


From what I understand....Core wants BTC mainly to be a 'store of value' thus keeping BTC decentralised away from concentration of miners.....and the miners see this as silly
in that they want to push the block size up to scale with BTC for more adoption and more transactions thus more $$$ in fees for them.....

This impasse may never go away......because imho core could care less if it ever evolves beyond a store of value if the price stays sideways or goes up....

miners however imho are in a worse boat in that eventually, they won't be able to mine BTC anymore due to difficulty and thus decentralization happens from that direction

anyway...

but I'm clueless but it is how I see this....only real way a compromise will happen imho is a crisis where/if/how it is shown in a big price drop that block size increase is really needed
but by then it will be a complete cluster.....anyway power games..no clean hands in this issue I'm afraid

but again I know zip and above could be completely wrong..this just represents my current thoughts on this somewhat lame issue

hv_
legendary
Activity: 2548
Merit: 1055
Clean Code and Scale
Core is working on a 2mb hardfork proposal, testing is in progress! Amazing news!

" 4) Some of us also agreed to work on another hardfork proposal including a 2 MB "no wallet changes necessary" block size bump, which we've been making progress on over the past year, including even after conclusion of the original agreement (there is currently a testnet for an incomplete version running)."

http://np.reddit.com/r/Bitcoin/comments/5gcg98/will_there_be_no_capacity_improvements_for_the/darfdyg/

This looks like old BIP103 coded by Sipa / Wullie. Why does his BS boss /CTO  does not use that for reunion the split community?
newbie
Activity: 24
Merit: 0
Core is working on a 2mb hardfork proposal, testing is in progress! Amazing news!

" 4) Some of us also agreed to work on another hardfork proposal including a 2 MB "no wallet changes necessary" block size bump, which we've been making progress on over the past year, including even after conclusion of the original agreement (there is currently a testnet for an incomplete version running)."

http://np.reddit.com/r/Bitcoin/comments/5gcg98/will_there_be_no_capacity_improvements_for_the/darfdyg/
Jump to: