Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16164. (Read 26732140 times)

Thanks for the tips man!

You have any idea about the possible precautions that should be taken in order to get the new coins too?
Will it be something automatical? I know I was really angry to have lost my new shiny coins after last fork simply because I didn't respect the process for my electrum wallet... That's really a shame to know you've lost 10% of easy money like that

Buying coffee with Bitcoin is like using an armored truck and armed guards to protect your $5 payment for your Starbucks coffee.

Forget all these substitutes for small d...s. Buy the coffee shop instead... .

why not both? lel

"#Bitcoin was created so you can buy a Lambo. Not a cup of coffee #No2x"
Quote of the day

In part, it's because bitcoin is scalable beyond the transaction per second metric.

A blockchain might be doing 50 tx/sec, with 10$ average value per tx.
Another blockchain might be doing 5 tx/sec with 1000$ average value per tx.

Over a year, the first will have done 15.7bn USD in volume, while the second will have done 157.7 bn USD in volume.

There are plenty of blockchains out there who are resembling the first case: Potential for a lot of tx/sec but they are either unused or have very low value. Bitcoin is escalating the avg transaction amount, upwards, thus scaling how much it transacts on a daily, weekly, monthly, or annual basis.

Estimated tx volume, per day, in USD: https://blockchain.info/charts/estimated-transaction-volume-usd

According to the stat, we've gone from transacting 200mn per day to ~2bn USD per day. That's 10x volume scaling in a year, with pretty much the same tx/sec (the bump from Segwit to 4mb is relatively recent so I'm not accounting for that).

At 2bn USD per day, we are talking about 730bn USD per year, which is >2 times what paypal did in 2016 (354bn).

Needless to say that this is also achieved in a manner more economical than paypal, since paypal gets 2-3% of the transacted amount. For 730bn USD transferred it'd take something like 15-25bn USD in fees, plus another 3% for currency exchanges for people transacting in different currencies.

why you all Jeff haters ?    ~he is trusted leet core dev brah! x2 = moon&mars!! <.< weeeeee

OK motherfuckers, here is the plan;

Most of us are in the Northern hemisphere, and it's getting colder anyway.  Blow the dust out of all those long obsolete miners and point them at BCH for now, do NOT point them at BTC yet.

It is a small gesture compared to the attack farms to be sure, but for many of us it is all we can realistically do, aside from hodling and running full nodes.

Be ready at forktime and switch all hash to BTC, hey, you got to heat the house anyway right?

I know, drop in the bucket, but it can't hurt.

If someone could say this with 100% certainty he would make a fortune. We have to wait and see.
My guess is, we will see a dip because bch/b2x supporters dump a lot btc. Once the dust settles and the attack is fought off there will be a big rebounce to a new ATH.

So, the consensus seems to be that this Segwit2x thing is going to be quite the clustefuck. What will that mean for the price? Is the upwards power of all the fresh fiat flowing in enough to prop up the price? Or should I dump everything now and buy back cheaper later?

Jeff had some spare time left to spin more 'zombie' nodes out of thin air.

This whole 2x is one major dogshit omfg man...        

           

The most disgusting is this one from BitPay...i'll never forget.. (BitPay still haven't activated Segwit but it is a fronliner to push this bullshit through users throat)  

I do not think the market, the miners or users who subscribe to the x2 consider btc1 as a long-term customer. Core has a lot of technical experience. Btc1 is a consequence to the requirement of a part of the market. I do not think it's a long-term solution.

And how about we add the non-existent 2x dev team? One lone wolf idiot programmer that has already abandoned the project is neither a 'dev' or a 'dev team'. How anyone with a brain would see this as the future version of Bitcoin is beyond logic or reason.

Uniforms are nice, especially the blue Navy/Marines. But I might be biased since I got one of those myself. Retired but still allowed to use it at some occasions.

It seems really absurd to me. It has no logic
They do not support an increase in block size (a technically simple change in the protocol), but if they plan to make a change in the PoW?
Has it been discussed and proven that it would be a "better PoW"?

What, do you think, are the reasons why Core does not support x2? It is a serious question. If they did, the market, the users and the miners would stay with them, and, more importantly, there would not be a contentious hardfork.

There are some walls on Kraken.

Oh, sorry, I thought you came from somewhere else, my mistake.

I don't want to wear the full uniform unless I'm actually authorized to do so. It also looks sloppy if you only wear half or part of a uniform, I see that all the time in other countries.

I don't want to be caught impersonating an officer unless that's actually part of my job (if I become some sort of spy or secret agent or something.)

As soon as it is safe I will move my stash to Electrum, then claim my BTG and SW2X coins, move them to Blockchain, get a new seed for my Coinomi wallet, move the free coins back there and use them as spending money, and the original stash will stay on Electrum as a savings account.

I don't have a Trezor or similar device yet, so for me it was either a core node, but I have just bought a new computer, and I can't be bothered to download the whole chain right no. Or Electrum, or Coinomi. And since I got assurances from Coinomi that my coins would stay on the legacy chain, and they would enable replay protection, I opted for Coinomi.
Had I had a Trezor I might have kept my coins there, seems pretty safe..

that CD opinion piece really nails it