Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16567. (Read 26623653 times)

So about 70 BCH? Maybe 12 BTC?

Oh. Right. Wednesday.

Massive spike last August too.  It goes on holiday for the summer.

I had a buy order a few euros below the dip, so I didn't buy it. No regrets, at these prices I'm being greedy anyway, there is a good chance we could go much lower (before going higher) and then I would feel stupid having bought for several times the average cost of my other coins.

If weeks ago or even days ago someone said "put loads of money in monero 2 days before btc segwit activation" I would have said you need to take your medication my friend and maybe go back to your padded room.

They have dynamic fee pricing. People buy, they raise buy fees and lower sell fees, and vice versa.

It's great for dip buyers. You get the lowest fees when the price is lowest.

Okay, who attempted to dump this time?

Nicely done.

That's a nice fee for an ATM. On average I found 5% or higher.

Me too. Got home from the bar and saw the price.

Caught the bottom with 2.4% ATM buy fee. Lucky timing.

BTCought the dip

Is the 2X code good and well tested ?

edit : I've caught up with the thread, so the answer is no.

 Damn!  I'm working nights.  Try not to fully kill it before noon

The hashrate is centralized. If you can gather most of the miners (or pool operators in different scenarios) in a small meeting and tell them to change what Bitcoin is, then your primary problem is not segwit2x but mining centralization.

 Are you done or should I sell my pittance before you fully tank the price?  I see it's under $700 now.

The thing is that I do agree with all those arguments. Yet I am still more concerned about that 90%+ hashrate that keeps signaling for "Segwit2X" than what I were if core decided to implement the 2x (in addition to Segwit). Among other reasons, because I am sure that if core decided to do it, it would be because they considered feasible to do it safely.

It's obvious by now that the 2x is not gonna happen any time soon, or at least core has no intention to deliver it, not even try to negotiate a future timeline nor anything. But those pools keep signaling for it, and this time it is not a minority percentage as BU is/was. And it is not only Jihan/Ver... it is almost all pools.

They don't even have any "technical" reason to keep signaling for it.... but again, they keep doing it. So.... what now? another fork but this time followed by many more than just Ver and Jihan alone?

I have never said the blame is on core, on the contrary, we all know where the attacks come from. But I can't say I am not worried by the situation.

Maybe my concern is unjustified, well donno. I hope so.

Most big blockers are certain that segwit is a catastrophe waiting to happen, for various reasons. That's why they believe buttcoin cash will be the winning fork.

There is extreme dishonesty in the segwit2x camp, which you can see from trying to exploit the fact that people do not really know Segwit is 4mb, and they try to sell the angle that bitcoin is simply going to be upgraded from 1 to 2mb. The dishonesty is compounded by things like what Bitpay does... "yeah just download this upgrade titled bitcoin" (which runs something else).

Core was hesitant to raise block capacity, yet they considered the various parties and went with a rather large 4mb (max) effective capacity for Segwit. Suddenly, the "demands" changed and now 4mb ain't enough, we need 8mb - which is what 2x provides. Incidentally, the forkers will have pushed, and got, two 8mb forks, one with segwit, and one without. No 1mb, no 2mb, no 4mb forks... just 2 forks of 8mb.

Why 1->8?

What's the rush here? Why can't we sit at 4mb for a while, see some LN implementations etc etc and then go for bigger blocks? Seriously, what's the rush? Tx fees? Are people really worried they will lose a buck or two by transacting, when Bitcoin has gone from 600 to ~4200? Who are these people, because I know none who are desperate to destroy the 4200 price to save a dollar on a transaction. You can't be a bitcoin holder and realistically consider that a 1-2-3$ tx fee will eat on your wallet, when Bitcoin has MADE YOU RICH by acting as a store of value. How can any of this be reasonable? This is "concerned trolling" at its finest.

So it all breaks down to arbitrary demands, in order to fork bitcoin and create chaos, through undermining the store-of-value property, undermining transactional clarity (no replay protection) and finally undermining the aggregate intellectual capital that is used to preserve and advance the ecosystem (tens of developers vs ...butthurt Jeff). And all this for what? The rush to go to 8mb because 4mb wasn't enough of an upgrade? And do this within 3 months of segwit activation? It doesn't even make sense. The costs involved are too large compared to possible "gains" (lol). And let's not even start with the part where it's a rushed, non-tested change with no advance warning (as Satoshi wanted for changes of this kind), or that it's not backwards compatible.

That's why it's an attack on bitcoin and that's why you see all those who are actual enemies of bitcoin but pretending to be btc-supporters (the facade drops at this point) actually wishing the most contentious and damaging outcome. They are vitriolic.

Exactly... that is the essence of the stupidity of the big blockers ongoing attempts to create some false sense of urgency in order to rush something that is neither tested nor needed, currently. 

Their supposed technical claims is wholey an disingenuous argument that gets way too much attention.

I think it will need 3 years of testing until block size can be increased to 2mb.

I'm not against it, I just think it should not be made in a hurry.

This requires lots of testing, they have to try sidechains, new codes and implementations. This takes time, you cant do that in just 3 months. You will need 3 years.

O.k.  Well maybe this whole argument boils down to whether segwit2x is reasonable and feasible, and your mere assertion that it is does not mean that it is.

No one is saying "no" to the 2x part - however, they are saying "no" to the stupid ass and untested timeline.

So let's get the fuck on with the segwit part of the agreement (the part that almost anyone that is anyone agrees upon) and see how it plays out before getting ahead of ourselves.   So yeah, maybe a few years down the road, there may be a need for the 2x part (possibly sooner, but I doubt it)

Currently, there is no real justification for the 2x part, except for a bunch of whiners (and seemingly you too) asserting that it is logical and reasonable (and supposedly feasible in your phraseology) and there is absolutely no evidence to support that it is either needed or that it will not create more problems than it supposedly resolves.

So, yeah, down the road there might be some reason for the 2x part, but we are a whole hell-of-a long way from any kind of justification for going down that path, and you are seeming disingenuous to still be acting as if the big blocker nutjobs really believe that there is some kind of a technical justification for the 2x part of segwit2x and for the timeline that they are unreasonably and prematurely whining for.

Edit- After I posted, I see that marcus beat me to the essence of my post.. and more succinctly too.

post of the week

Moral indignation is just his style.