Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16960.

Torque

legendary

Activity: 3794

Merit: 5474

Quote from: r0ach on July 19, 2017, 07:09:44 AM

...but how is the scam below [ETH] even worth $1 still, let alone hundreds of dollars?

The same way that SNAP and TWTR are supposedly worth billions. The idea that something completely useless will somehow become 'monetized' in the future. It's all hype with no rationale behind it.

r0ach

legendary

Activity: 1260

Merit: 1000

Bitcoin is a scammy enough pump and dump, but how is the scam below even worth $1 still, let alone hundreds of dollars?

lightfoot

legendary

Activity: 3220

Merit: 2334

I fix broken miners. And make holes in teeth :-)

Quote from: NUFCrichard on July 19, 2017, 01:41:46 AM

So there are 80% backing BIP91 and 13.9% backing segwit.
Why has it taken so long to reach agreement on Segwit if 94% of miners agree with it!

BIP91 could be locked in in 38 hours, exciting times!

Straight Segwit would have required 95%, which means one dick pool owner could screw it and took weeks to lock in. Too slow, too long, too much opportunity for fuckage and endless manipulation.

Let's see what happens.

Ludwig Von

sr. member

Activity: 854

Merit: 307

Quote from: Elwar on July 19, 2017, 04:44:41 AM

Quote from: ?? on ??

is eating his dick actually in the contractual agreement or is that 'just' him being a showman?

It is a twitter locked in contract.

Lol, bet with him for let 's say 200 KUSD. Put 100 K USD in BTC. Whether you win or loose the bet, you win. And his D**k, he lost it already longtime
ago by some hookers with piranha teeth... . Grin

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: ?? on ??

is eating his dick actually in the contractual agreement or is that 'just' him being a showman?

It is a twitter locked in contract.

Pajulapoiss

sr. member

Activity: 554

Merit: 251

Quote from: ivomm on July 19, 2017, 01:58:28 AM

It seems that the danger of segwit-failure-fork is (almost) gone. However, there still remains the HF in 3 months, so the price won't go as far as we wish. Besides, Roger Ver and Jihan Wu still want to make use of the situation and fork their own altcoins. These 'inverstors' like to buy new coins and pump them with the help of their associates in Poloniex. They may have a general notion of blockchain but they are ignorant of the cryptography embedded in the white papers of the leading altcoins like ethereum and zcash. Unfortunately BU and/or ABC can emerge anytime and survive as forks even with their present hashrate. As always, the common bitcoin holders are at the mercy of the big whales. I would prefer a POW change that will make useless the asics and return the mining to the gpu's and cpu's. Btw the above mentioned altcoins have a code that prevents the asic technology to take advantage over gpu's, so the china dominion would be over for good. Then we will have a really decentralized bitcoin.

Yes to the decentralized bitcoin!People would love bitcoin so much more, If they knew, they could use BTC to Stick it to the man.

I hope for another big dump on the weekend, didn't get any coins last weekend, FOMO i guess, specially seeing people write about dodgeing the fork. I need FUD Grin

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Quote from: Lauda on July 17, 2017, 10:41:38 PM

[...] FrankenSegwit isn't as great as you think. If it prevents a split on August the 1st, that will definitely be a good sign. However, we will experience the same problems again before their flag day HF.

A well supported hard fork (by hashrate) is preferable over a soft fork. It is just the stigma the terminology got.

If we get a soft fork version of Segwit by the Segwit2x implementation, there will be two megabyte blocks shortly afterwards. The market already priced this in and considers it bullish now that the miners started signalling.

becoin

legendary

Activity: 3431

Merit: 1233

Quote from: Denker on July 19, 2017, 03:53:32 AM

Let Jihan, Bitpay and all the other corporations fork off. They will regret it pretty soon after the fork and will come crawling back. This corporate takeover attempt of the ecosystem and the brand Bitcoin will fail!!

The sooner this contradiction is resolved the better. The Chinese mining cartel and some other bitcoin entities defending 'corporate' bitcoin concept are maneuvering. They know they'll be the losers in case of a chain split. That is why they will try to change the odds in the next 3 months.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: ivomm on July 19, 2017, 01:58:28 AM

It seems that the danger of segwit-failure-fork is (almost) gone. However, there still remains the HF in 3 months, so the price won't go as far as we wish. Besides, Roger Ver and Jihan Wu still want to make use of the situation and fork their own altcoins. These 'inverstors' like to buy new coins and pump them with the help of their associates in Poloniex. They may have a general notion of blockchain but they are ignorant of the cryptography embedded in the white papers of the leading altcoins like ethereum and zcash. Unfortunately BU and/or ABC can emerge anytime and survive as forks even with their present hashrate. As always, the common bitcoin holders are at the mercy of the big whales. I would prefer a POW change that will make useless the asics and return the mining to the gpu's and cpu's. Btw the above mentioned altcoins have a code that prevents the asic technology to take advantage over gpu's, so the china dominion would be over for good. Then we will have a really decentralized bitcoin.

I'm not worried about the hardfork. As you could see the last 2 weeks, the other side is completely incompetent in terms of coding! Core devs safed their asses 3 times, although they are not involved in that shieeet!
Let Jihan, Bitpay and all the other corporations fork off. They will regret it pretty soon after the fork and will come crawling back. This corporate takeover attempt of the ecosystem and the brand Bitcoin will fail!!

bitserve

legendary

Activity: 1932

Merit: 1610

Self made HODLER ✓

Quote from: Elwar on July 19, 2017, 03:23:41 AM

Prediction:

BIP91 will not lock in this time. It will lock in this weekend which will bring with it a weekend pump.

Price prediction: $500,000/BTC

In 3 years or I will watch John McAffee eat his own dick on TV.

That seems reasonable (the BIP91 prediction, not the mcafee issues), in Litecoin there was a near-miss on first activation period after the agreement. The price was going up and down all the time according to the signaling hasrate and the probability of lock-in... until the lock-in was a sure thing and there came the bigger pump. Then the positive news... more pump.

In the case of Bitcoin, which has a wider news coverage, the positive news after lock-in could have an even bigger impact on price.

If F2pool starts signaling soon within this activation period it will have many chances to be locked in early, before friday morning. But that Wangchun guy loves to troll so who knows.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Prediction:

BIP91 will not lock in this time. It will lock in this weekend which will bring with it a weekend pump.

Price prediction: $500,000/BTC

In 3 years or I will watch John McAffee eat his own dick on TV.

bitserve

legendary

Activity: 1932

Merit: 1610

Self made HODLER ✓

$2500+ today?

BIP91 is already over 80% and Bitfury, Slush and F2pool should start signaling soon. If all goes well, we will have Segwit locked-in by Friday morning.

P.S.: 110BTC sell wall at 2400 on Bitstamp

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: bobo012 on July 19, 2017, 02:33:34 AM

Quote from: machasm on July 19, 2017, 02:19:29 AM

Quote from: ivomm on July 19, 2017, 01:58:28 AM

I would prefer a POW change that will make useless the asics and return the mining to the gpu's and cpu's.

Is any POW algo ever truly ASIC proof?

I dont think so, i dont see POW change as a good option ( we would often need to change POW to another algorithm as ASICs come). Network hash is what secures bitcoin. Miner dominance must be resolved in some other way.

High RAM requirements wouldn't make the algo 100% ASIC proof, but they could make ASICS much, much less cost-effective. If every miner chip needs 8GB - the more the harder - a GPU installed in a normal desktop computer becomes seriously competitive. The extreme is Proof of Storage, where only memory really matters. It's possible to design a continuum of RAM vs processing power difficulties.

bobo012

sr. member

Activity: 714

Merit: 257

Quote from: machasm on July 19, 2017, 02:19:29 AM

Quote from: ivomm on July 19, 2017, 01:58:28 AM

I would prefer a POW change that will make useless the asics and return the mining to the gpu's and cpu's.

Is any POW algo ever truly ASIC proof?

I dont think so, i dont see POW change as a good option ( we would often need to change POW to another algorithm as ASICs come). Network hash is what secures bitcoin. Miner dominance must be resolved in some other way.

luckygenough56

legendary

Activity: 1526

Merit: 1012

the thing is segwit may be already priced in, markets always anticipate events to trap people at the D-day

machasm

hero member

Activity: 786

Merit: 857

Quote from: ivomm on July 19, 2017, 01:58:28 AM

I would prefer a POW change that will make useless the asics and return the mining to the gpu's and cpu's.

Is any POW algo ever truly ASIC proof?

ivomm

legendary

Activity: 1891

Merit: 3096

All good things to those who wait

It seems that the danger of segwit-failure-fork is (almost) gone. However, there still remains the HF in 3 months, so the price won't go as far as we wish. Besides, Roger Ver and Jihan Wu still want to make use of the situation and fork their own altcoins. These 'inverstors' like to buy new coins and pump them with the help of their associates in Poloniex. They may have a general notion of blockchain but they are ignorant of the cryptography embedded in the white papers of the leading altcoins like ethereum and zcash. Unfortunately BU and/or ABC can emerge anytime and survive as forks even with their present hashrate. As always, the common bitcoin holders are at the mercy of the big whales. I would prefer a POW change that will make useless the asics and return the mining to the gpu's and cpu's. Btw the above mentioned altcoins have a code that prevents the asic technology to take advantage over gpu's, so the china dominion would be over for good. Then we will have a really decentralized bitcoin.

dumpscan

newbie

Activity: 48

Merit: 0

Quote from: fluidjax on July 19, 2017, 01:46:56 AM

Bitfury has stopped signalling BIP91, but should continue soon :

BitfuryGeorge says "Sorry for confusion, @BitFuryGroup will def. signal for BIP91" on twtr

How much hidden blocks ?

fluidjax

hero member

Activity: 750

Merit: 601

Bitfury has stopped signalling BIP91, but should continue soon :

BitfuryGeorge says "Sorry for confusion, @BitFuryGroup will def. signal for BIP91" on twtr

olcaytu2005

legendary

Activity: 1470

Merit: 1024

I thought BitFury was on the bip 91 train. And anyone knows when f2pool actually start signaling bip 91? Someone said they were ddosed and that prevented them from changing clients. If we get them onboard this will certainly happen.

Also fingers crossed for slush too.

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