Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16580. (Read 26611234 times)

Few days ago I lost thousands of € of easy profit because kraken didn't execute my orders showing this error:


In this moment if I try to login I can see only this:

I think it's time to sign up to an another exchange ... do you have any suggestion for an exchange that works fine?

https://bitcoinwisdom.com/markets/kraken/btceur

And exactly for this is why you guys should always leave a bunch of conditional limit orders on Kraken. That way the house isn't the only one banking on their own mess. Not sure if they do it intentionally or not though.

I'll hold both and wait.

Weekend pump delayed while Ver and Wu dump their coins for yet another alt coin they're investing in.

Kraken has gone full retard again. I would say the house is banking big time playing some sort of margin call ping pong.

I better hope that at least all my limit orders on both sides have been correctly executed when the interface comes back.

What a sidewings on the charts Damn 

Can someone explain Whats going on?

Well Satoshi didn't say "we'll include your dust as long as you pay for it"... more like fuck dust txs...


You'll also note he talks about an AGGREGATING MECHANISM...

No BCH doesn't have SegWit. And that was done on purpose, because of Asciboost as you already have mentioned.
And yes Jihan can mine blocks at an advantage with that. And he can mine it alone, for himself. Although Bcash difficulty has reduced much and it may be more profitable to mine it, at least for some whort while, I really doubt that many miners will switch over. Therefore Bcash will remain extremely centralized. In terms of mining, protocol development, mostly in everything.

Kraken down 

One of the primary points of bitcoin is that anyone can send any amount they want to anyone they want with no busybody middlemen deciding what constitutes a proper and legal transfer.

Someone wants to pay a fee to send dust, that's his business and working as intended.

That's what people seem to keep forgetting. It's not free.

FULL on-chain "scaling" is absolutely ridiculous. What's next? enable micropayments also on-chain? TX's of less than 1cent being replicated over thousands of full nodes and stored for centuries?

Ridiculous.

The only unexplored limit I can think of right now, is some stuff I've read about compressed blocks, which is essentially a system of different representation of the data in terms of network transmission and data storage, which might reduce block size by around 30%. It's like a custom compression scheme tailored for bitcoin, instead of relying in a compression library that might have vulnerabilities.


I would call it "orchestrated accumulation of coins". The accumulator is even leaving the market to dip so he can get the order books to his liking before proceeding to buy. I don't know who he is / who they are, but they do have pretty deep pockets

No risk avers business will follow this concept, where there is proof now that easy peasy on chain scaling works and there is no logic to friggle some crap around bitcoin to give room for higher risk solutions.

Bitcoin (and all that already high energy usage) on chain should be used up to its limits first and than off chain solutions have time to prove safety over same period of time bitcoin did.

If your elevator has an expanding door you will also first ask for that key, before you send your furniture up the stairs , sure opening this back door is a HF, but worth doing it.

You just force low fee spenders into crap.

It's clearly an orchestrated pump if you take a look when it started and how it is moving. You've got to be out of your right mind to actually want BCH. I don't like the price of Bitcoin at the moment.

Correct. It is going to become a big mess since Garzik, who is a very mallicious individual nowadays refused to add replay protection (you've read that right, btc1 has no replay protection).

Indeed.

I am not against a small block size increase.... but for the usage as payment network with mass adoption, linear block size increases won't do it, you will need LN for that.

People don't understand supply and demand curves. They think that reducing supply (i.e. raising price) is the only way to increase profitability.  Increasing demand by lowering price is how big companies do it.

All these forks are attacks on bitcoin. That's the only point there is.

Bitcoin's design was intended to be 1 cpu / 1 vote in order to keep the network decentralized. This aspect of the design started to fail, initially with pooled mining and then with ASIC-hardware that was built and kept private for companies to mine. In other words, it's not like a cpu or gpu where anyone can go buy it and start mining. Currently few companies create specialized hardware and by extension these few companies exercise centralized control over bitcoin mining. There is a market failure in terms of ASIC hardware getting sold.

Bitcoin devs, bitcoin users and bitcoin investors (who understand a thing or two) decided to look the other way, as to not be "contentious" about the whole situation, nor piss on the investments that all those miners have done. The rationale was "as long as the miners play nice, we'll pretend that Bitcoin's proof-of-work isn't centralized". No-one tried to find or implement a solution to this centralization issue. I'm not talking about a simple POW change to sha512 that will again bring the same issue in a few months time, but something more fundamental.

And as we were all pretending everything is fine, a few compromised (?) devs like Garzik (you can see what he was writing here: https://www.reddit.com/r/Bitcoin/comments/6ufv5x/a_reminder_of_some_of_jeff_garziks_greatest/ and what he currently does with Segwit2x), Gavin, etc, started pissing on the ecosystem along with some of the miners.

The next plan is to take over the chain with a 51%, and redefine what Bitcoin is - putting it under their direct control for any future protocol changes, or even the software we run. They will claim that they are following the vision of Satoshi, when Satoshi was pretty clear on how well planned and unanimous changes must be, not to mention his opinions on competing implementations.

Segwit2x is not BCH. It's not "free coins" in a parallel chain. Things are gonna get ugly if they decide to proceed. And let's be honest here. When Bitcoin is going so good, with valuation of near 4.5k USD, and people want to attack the main chain in a contentious way (=shitstorm), I can't really see them as having good intentions. Perhaps they stand to profit more from the destruction of value by positioning their "options" accordingly. After all if you can control the "good news" and "bad news" of a market, then you can benefit financially. And this is what they've been doing with all the forking scenarios, fud, or real since the price was at 200$. They create the news and the sentiment. They have become a market force that indirectly dictates prices. "Oh they are forking it, sell"... "Oh they cancelled the fork, onwards to 10k!!!", etc etc. This is bullshit on so many levels it's not even funny. No wonder Segwit2x was decided in a closed-meeting with financial companies.

It is, however, in the interest of bitcoin as a whole. Bigger blocks means more people can use it means higher price, and of course wider ability to actually pay with bitcoins in shops and such. And who knows, maybe the extra volume will make it profitable for miners too.

It's way easier to spam blocks when they are already filled by 80-90% legit tx's. They will have a hard time doing the same with 8MB blocks, plus the main argument of BCH is that they will keep upgrading block size way before they are filled. So, basically, less total fees earned no matter what.

It has always been a falacy that it is the miners interest to have bigger blocks. It isn't. But everybody is lieing anyways.

I am very pissed by all this action in the middle of the fucking summer. Wonder who was the genious that decided this was a good time to open the pandora box instead of doing it in the boring winter.