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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 15334. (Read 26718461 times)

legendary
Activity: 1806
Merit: 1828
That’s right.

Just introduce 10GB blocks and call it a night. Problem solved.

Let's just hope people who can actually run a node don't get the bright idea to charge subscription fees to let your SPV wallet connect to them.
legendary
Activity: 1988
Merit: 1077
Honey badger just does not care
I'm all for a block size increase to 2mb. I just think that 8mb, as proposed by BCash, is too much, and will create more problems in the future, such as centralized nodes.

I agree... start slow and move up.

Just do something.

Amazing how people can't see the obvious. 2MB blocks, 8MB, 64MB, whatever you want MB is not the solution. And 8MB blocks by BCash has low fees for simple reason absolutely nobody is using it. You can put whatever cap you want sooner or latter fees are going to again get up as adoption spreads, and we are not even at the beginning of real adoption, meaning adoption at the Twitter or Facebook users number levels. Block size increase will only lead to many people not being able to run a node and solve nothing. The only solution is LN, true solution without any side effects. Unlimited number of transactions, 0 fees, period. There is no point of making Bitcoin more centralized when LN are just around a corner. Let's first try and see how it works before we hard-fork to bigger block-size forever.

The BCH team is working on getting rid of the blocksize limitation altogether. So If you want to backup all of you photos, the BCH chain will be a great place to do it. Only people with servers that cost 20K USD to setup will be able to run a node. Craig Wright believes only mining nodes matter.  Roll Eyes I'm not sure a fee market can be established with unlimited blocks.  Cheesy

Craig Wright is a known puppet of three-letter-agencies. Low-level con-artist. I'm not surprised he states that only mining nodes matter, it only shows how incompetent he is.
legendary
Activity: 3122
Merit: 1538
yes
That’s right.

Just introduce 10GB blocks and call it a night. Problem solved.
legendary
Activity: 1806
Merit: 1828
I'm all for a block size increase to 2mb. I just think that 8mb, as proposed by BCash, is too much, and will create more problems in the future, such as centralized nodes.

I agree... start slow and move up.

Just do something.

Amazing how people can't see the obvious. 2MB blocks, 8MB, 64MB, whatever you want MB is not the solution. And 8MB blocks by BCash has low fees for simple reason absolutely nobody is using it. You can put whatever cap you want sooner or latter fees are going to again get up as adoption spreads, and we are not even at the beginning of real adoption, meaning adoption at the Twitter or Facebook users number levels. Block size increase will only lead to many people not being able to run a node and solve nothing. The only solution is LN, true solution without any side effects. Unlimited number of transactions, 0 fees, period. There is no point of making Bitcoin more centralized when LN are just around a corner. Let's first try and see how it works before we hard-fork to bigger block-size forever.

The BCH team is working on getting rid of the blocksize limitation altogether. So If you want to backup all of you photos, the BCH chain will be a great place to do it. Only people with servers that cost 20K USD to setup will be able to run a node. Craig Wright believes only mining nodes matter.  Roll Eyes I'm not sure a fee market can be established with unlimited blocks.  Cheesy
legendary
Activity: 1988
Merit: 1077
Honey badger just does not care
I'm all for a block size increase to 2mb. I just think that 8mb, as proposed by BCash, is too much, and will create more problems in the future, such as centralized nodes.

I agree... start slow and move up.

Just do something.

Amazing how people can't see the obvious. 2MB blocks, 8MB, 64MB, whatever you want MB is not the solution. And 8MB blocks by BCash has low fees for simple reason absolutely nobody is using it. You can put whatever cap you want sooner or latter fees are going to again get up as adoption spreads, and we are not even at the beginning of real adoption, meaning adoption at the Twitter or Facebook users number levels. Block size increase will only lead to many people not being able to run a node and solve nothing. The only solution is LN, true solution without any side effects. Unlimited number of transactions, 0 fees, period. There is no point of making Bitcoin more centralized when LN are just around a corner. Let's first try and see how it works before we hard-fork to bigger block-size forever.
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
If bcash vs. btc arguments, and big block vs. small block arguments, were considered off-topic and banned from this thread, then the trolls/shills would have ABSOLUTELY NOTHING TO TALK ABOUT and would leave this WO thread forever.

So.... halle-fucking-lujah! Please make it so.

I heartily support the proposal of a lifelong ban of any bigblocktard with no appeal.
legendary
Activity: 2002
Merit: 1040
can we keep this thread on topic?  Posts about the price and buy/sell wall again which it is titled.

These long debates, bcash/btc arguments, and silly memes are getting old.
They need their own thread, and it's spilling over to other threads as well. Yes Bittrash is a bad faith garbage coin. How do we make bitcoin better?

Meantime how are things this morning? Everything is down again, wonder how people are getting money out and we're at 187k unconfirmed transactions. Better, but bad.

200 sat/byte fees are going through
legendary
Activity: 3794
Merit: 5474
can we keep this thread on topic?  Posts about the price and buy/sell wall again which it is titled.

These long debates, bcash/btc arguments, and silly memes are getting old.
They need their own thread, and it's spilling over to other threads as well. Yes Bittrash is a bad faith garbage coin. How do we make bitcoin better?

If bcash vs. btc arguments, and big block vs. small block arguments, were considered off-topic and banned from this thread, then the trolls/shills would have ABSOLUTELY NOTHING TO TALK ABOUT and would leave this WO thread forever.

So.... halle-fucking-lujah! Please make it so.
legendary
Activity: 3794
Merit: 5474

It's a shame that smart guys that look at Bitcoin with this much common sense and bullish confidence aren't allowed to be plastered all over the MSM.

Which is what the MSM really wants, smart people like this marginalized and drowned out by the naysayers. Otherwise they know the Average Joes of the world would be piling into Bitcoin right now with both fists.
legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
can we keep this thread on topic?  Posts about the price and buy/sell wall again which it is titled.

These long debates, bcash/btc arguments, and silly memes are getting old.
They need their own thread, and it's spilling over to other threads as well. Yes Bittrash is a bad faith garbage coin. How do we make bitcoin better?

Meantime how are things this morning? Everything is down again, wonder how people are getting money out and we're at 187k unconfirmed transactions. Better, but bad.
jr. member
Activity: 70
Merit: 7
A tiny flat top on the bitfinix 1h chart...


tiny fake wall @14k


first red on 6h.
RSI overbought.
Small dip incoming.

Called that dip correctly.
15k to 11.6k.





Fake wall @12.5k
Expecting a retest of 10700
newbie
Activity: 55
Merit: 0
can we keep this thread on topic?  Posts about the price and buy/sell wall again which it is titled.

These long debates, bcash/btc arguments, and silly memes are getting old.
member
Activity: 187
Merit: 25
Hey guys, I don’t want to get drawn into this big block, little block debate nor wether BTC is going to work or not long term but is there a roadmap for future improvement proposals for BTC?
If so, does anyone have a link?
Do we know when/if LN will likely go live?
Thanks.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"


https://bitcointalksearch.org/topic/m.6306

Satoshi would not have wasted his time answering such a question if it was not in his original mind frame.

Great quote from that link too "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."


Don't be trying to act as if you are some kind of enlightened one and you are appealing to Satoshi's original vision with your attempts to impose your own values about what bitcoin should be.  Bitcoin has evolved into something that you seem to not like, and it is being worked on.  If you do not like bitcoin, find some other thing to invest in.  I am not sure about what your supposed point is to come into this thread and to spout off patronizing nonsense, as if you supposedly know something that others here do not.

You are merely a party pooper and a negative nancy, who  focuses on some narrow construct attempting to impose your values onto other people and seemingly out of touch, for that matter, too.
So you admit BCH is the original Bitcoin.

Another Bcash pumper.  You want to distort whatever I say in order to pump your stupid ass coin as if it were the real bitcoin?   Get the fuck out of here.

Good luck with your high fees slow transactions network that you dare to call Bitcoin.

Good luck with my what?  I am just recognizing what is and working with it.  You think that I am trying to sell something?  This is a fucking bitcoin thread, not a bcash thread, so I don't know what the fuck purpose you have coming in to bash bitcoin and to suggest that your attack vector is the real bitcoin?


No need to tell us to buy something else, we don't need your authorization.

Do whatever the fuck you want, but if you are disinvesting in bitcoin, then probably those discussions would be pertinent somewhere else, rather than joining in on the support of the whining of bayareacoins and other bcash pumpers in this thread.

Try to don't cry too loud the cashening day.

Oh, you got the memo that it is going to be called "cashening" rather than "flippening" for all those who feel that they missed out on bitcoin, they can perhaps attempt to get on the bcash ship in order to attempt to be there for bitcoin 2.0... ... yeah right.   Roll Eyes
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
I'm all for a block size increase to 2mb. I just think that 8mb, as proposed by BCash, is too much, and will create more problems in the future, such as centralized nodes.

I agree... start slow and move up.

Just do something.

Bitcoin is not broken, and things are being done, such as building on segwit.  Oh, you deleted that part out of your response to fabiorem..  Roll Eyes  because you just want to perpetuate a presumption that bitcoin is supposedly broken.   Roll Eyes
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Don't be trying to act as if you are some kind of enlightened one and you are appealing to Satoshi's original vision with your attempts to impose your own values about what bitcoin should be.  

I'm just trying to use Bitcoin... the only one acting is you.

Does not seem like it to me.  Seems like you are complaining because bitcoin is not working for a particular use that you wished that it worked for...

Too bad, and so sad.  Move on.  Either find something else to work for that purpose or work towards fixing bitcoin to work for that purpose.

I don't know what good it does for your to come here and complain about something that everyone concedes is a current issue... that seems to be high fees... So fucking what.  We all know it - even though you seem to want to come to additional conclusions or false attributions about causes.  Get a grip.   Roll Eyes


Bitcoin has evolved into something that you seem to not like, and it is being worked on.

It's not working... it's fucking losing steam because of people like you.


Now, "people like me" are causing your inability to figure out how to cope in life and your tendency to complain and to exaggerate and to falsely attribute?



I'm not exactly sure what you are playing at, but you talk about how it's working out of one part of your keyboard and spam attacks on the other part.  I agree with you on Bitcoin being attacked.

I am merely responding to your non-coherent nonsense.

You are the one complaining about bitcoin being broken, not me.  I am happy with bitcoin.  Sure, there are things that I would like improved, but I am willing to wait because bitcoin is serving me quite well for a large number of purposes. 

You seem to want to force bitcoin into a purpose that is not currently working too well, and have you ever heard of cash or credit cards to buy your stupid ass candy bars?



If you do not like bitcoin, find some other thing to invest in.  I am not sure about what your supposed point is to come into this thread and to spout off patronizing nonsense, as if you supposedly know something that others here do not.

Don't worry about my investments... lets worry about our investment.

Get the fuck out of here.

We do not need to worry about "our investments" because each of us should be able to figure out his/her allocations according to his/her views, finances, timeline, risk tolerance, etc.  There is no fucking reason for you to attempt to impose an "our" in regards to your own inability to figure out how to allocate your own investments... or wishes or whatever the fuck it is that you seem to be wanting to achieve with your ongoing complaining that bitcoin is not working for you personally.

Our investment is working like shit right now.  

Speak for yourself.  My investment into bitcoin is doing quite well. It is performing about 3-4X beyond my most bullish expectations for this particular time line.. doing quite well in a number of ways in spite of a large number of seemingly ongoing rogue actor attacks.



I think investors should be aware because a lot of peoples coins never move off Coinbase sadly.

Sure.... there are some folks who hold all of their investment on Coinbase or some other similar service(s)... So fucking what?  People can chose, and if they chose badly, then what the fuck white knighting are you wanting to achieve here?  Are you in this thread to warn the Coinbase only users?  Even in this thread, I think we have a bit more sophisticated user-base, even though there may be a decent percentage that fall into a kind of "coinbase only" camp like you suggest... but so what?  What does that have to do with the price of tea in china?  or even matters quasi-relevant in this particular discussion, which now seems to be delving into whether bitcoin has value or any use cases beyond speculation or storage of value?


You are merely a party pooper and a negative nancy, who  focuses on some narrow construct attempting to impose your values onto other people and seemingly out of touch, for that matter, too.

Hardly the truth.  I'm as happy as anyone else about all this new wealth introduced into Cryptocurrency,

Surely, you have not been coming off as very "happy" in recent days with you ongoing and persistent bombardment in this thread with negative nonsense that seems to be exaggerating and focusing on a seemingly temporary situation as if it were permanent and seemingly want to shill to drive bitcoin's price down because you are "concerned" that bitcoin is not "living up to its true potential" blah blah blah blah...  Roll Eyes




but I'm not so happy that I'm going to be blind to getting robbed through fees...

If you want to buy candy bars with your bitcoins in these times, then you deserve to be robbed.



be it miner spam, Verr spam, Verr friend spam, lulz teen spam or anything else.  This is peoples money we are fucking with and when you make it a bitcoin for people to get their money... well... you get fucking Bitcoin Cash.



Get the fuck out of here with your bcash pumping, and your attempt to suggest that bcash is superior to bitcoin...

Yeah, show your true colors, and you could give a ratt's ass about bitcoin, you just want to come to this thread and to pump some stupid ass alt/attacker coin as if it were to true bitcoin, when a vast majority of peeps already understand that bcash is a fucking fraud... but yeah, you want to pump it anyhow, which makes you among the fraudsters who are engaged in such, so why don't you get your ass back over to r/btc, instead of coming in here to shill your nonsense, while acting as if you have some kind of genuine concern about bitcoin being broken.. blah blah blah.
legendary
Activity: 1708
Merit: 1049
In order to have value and a variety of use cases, Bitcoin does not need to be used to buy candy bars at this time, as you are wanting to argue such nonsense in order to attempt to suggest that bitcoin has to be a one stop shopping for every fucking single purpose in order to have value.  Seems quite likely that in the future bitcoin will have increasing use cases, but not necessarily covering all payment methodologies at this time, you fucking nut job.

Adding to that, gold is a store-of-value metal, having value by simply sitting around looking shiny. Some would say it does nothing, but when it is sitting it is actually *used* for its store of value property. And we are talking about 8 trillion in marketcap with zero online transaction capability.

Assuming metcalfe law is valid for calculating a cryptocurrency's network worth, there are two things to keep in mind:

a) Transactions that are occurring, that demonstrate use (most calculations only calculate that factor as "use")
b) Bitcoins sitting idle, that are also used for storing value (this type of use, is typically overlooked)

A blockchain with a (small) finite amount of data per block can serve both uses, however it will better cover the needs of more users if those users make less transactions (in this case I'm referring to users who use bitcoin for storing value).

Let's say a 3mb non-SW block can do 1mn transactions per day, which can only cover 1 million users who want to make online purchases and perform at least 1 tx per day on average.

Yet the same blockchain can cover 30 mn users / "depositors" / store-of-value users, who want to move funds once per month - on average. Or 90mn users who want to move funds once per 3 months - on average.

The second case has 30-90x more users, using the network for storing value instead of buying coffee, for example. Naturally this reflects on price, leaving the "fees-are-high" people, whether shills or genuinely concerned, dumbfounded - because they can't see how metcalfe's law is being applied on the userbase being multiple times higher if the blockchain is used more appropriately given its constraints.

What have we seen in recent months? People coming in to crypto, buying, holding, waiting. That's it. And that's how it goes up and up - while the buying frenzy is such that exchanges can't cover demand, can't cover support requests (lack of staff), bitcoin ATMs run dry on BTCs in countries plagued with capital controls or regulated currency outflows, buying quotas are implemented in some exchanges, etc etc.
legendary
Activity: 854
Merit: 1000
I'm all for a block size increase to 2mb. I just think that 8mb, as proposed by BCash, is too much, and will create more problems in the future, such as centralized nodes.

Lightning network is just one of many sidechains, and one which will atract institutional investors. I hope that in the future we will have lots of different sidechains, each for a function: one to buy a coffee, one for settlement between banks, one to buy cars, one to buy real estate, and each will have its own limits, and its own fees.

And I say 2.456745645 or 1.823456345634 . Why is it two? And once we start, where do we stop?

Enough with the gut feelings! First time we got some real traffic, we're gonna expand the shop? And then what? Store endless cheap spam for eternity?

No thanks!
copper member
Activity: 2898
Merit: 1465
Clueless!
Ack!

Fricking, Bitcoin Hoard, must have overheard me saying "I wanted to go south for the Winter" ..Immediately, thought I was going to dump the hoard

and my BTC just "went south" instead

damn it, not what I meant! I meant me and some of the BTC would go south and party together

frigging  BTC hoard is miffed....just goes south in a miff....sheesh...

there is a diff between 'going south for the winter' and just "my BTC is going south"

don't laugh, I know you all talk to your BTC hoards as well, you can't-fool me!

(wanders off mumbling about needing more cats if BTC has gone south..what is gonna keep me warm..in this crypto winter)




I'm all for a block size increase to 2mb. I just think that 8mb, as proposed by BCash, is too much, and will create more problems in the future, such as centralized nodes.

Lightning network is just one of many sidechains, and one which will atract institutional investors. I hope that in the future we will have lots of different sidechains, each for a function: one to buy a coffee, one for settlement between banks, one to buy cars, one to buy real estate, and each will have its own limits, and its own fees.


Yeah, kinda wondering how many fiddles the devs of bitcoin core ordered to play while the crypto version of 'Rome Burns' is going on....

I mean, we gonna wait another year for something to scale this beast so the transaction fees are down....they would be better off tossing in the towel and ADD

a hard fork 2mb to 8mb increase, imho..sure would be a mess of work...but damn, would show there was some frigging hope of moving things along

I mean, they just plan act like they don't give a f*ck and the BTC fork folk lie about how much they love us all, as they spam the hell out of the btc network

so my choice is evil that works with low transaction fees (BCH) or idealism that does not work for transactions because they can't get off their ass and make a solution

w/o fretting about it...put a frigging hard fork in place...fix it to work better later with lightning...I mean BCH is as of now 1/3 of BTC's worth..get a clue



legendary
Activity: 4018
Merit: 1250
Owner at AltQuick.com
I'm all for a block size increase to 2mb. I just think that 8mb, as proposed by BCash, is too much, and will create more problems in the future, such as centralized nodes.

I agree... start slow and move up.

Just do something.
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