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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17087. (Read 26583098 times)

hero member
Activity: 546
Merit: 500
I hope that Segwit+2MB gets enough support to finally end this absurd war. At this time it looks as the only non contentious alternative. I don't like the idea of non unanimous hard forks, nor UASF. Whatever is supported by an almost unanimous majority is ok to me at this time (Well, except BU/EC as I am totally against it).

Seemed like a decent compromise to me. Core programmers snubbing it was disappointing.
Agreed, the total lack of ability to make a compromise, even one that doesn't seem to have big drawbacks is disappointing.

So, no comment from anyone at Core at all.  Is it totally dead in the water?

If Core is invited into the discussion to merely rubberstamp an agreement, then why should they participate more?

They are not going to agree to a hardfork, so why come up with an agreement that involves a hardfork.. and if there is a hardfork, that means a change in governance.. why would they participate in that?  Core members say these kinds of things, but no one seems to want to hear them, and act as if they are not responding and come up with some kind of supposed compromise that include "no go" and unnecessary terms.
A hard fork wouldn't necessarily require a change in governance.  It could easily be implemented by the Core team, and I would personally feel more secure if it was.  

Their incentives to avoid a hard fork aren't really to do with power, more to do with what their preferred method of scaling is (offchain scaling combined with a fee market on the chain, from what I can gather).
hero member
Activity: 1034
Merit: 558
dead cat bounce or genuine uptrend continuation?
legendary
Activity: 3388
Merit: 3514
born once atheist
what a boring bulltrap

eth is so overpriced also

need a good old dump to start fresh

i wouldn't mind a little sideways action for more than a day tbqh...
legendary
Activity: 1526
Merit: 1012
what a boring bulltrap

eth is so overpriced also

need a good old dump to start fresh
legendary
Activity: 1512
Merit: 1012


Oh yeah ... it's coming.
legendary
Activity: 3108
Merit: 1531
yes
hero member
Activity: 703
Merit: 502
The 2MB + segwit proposal looks to me like a deliberate delaying tactic to prevent the implementation of UASF and other upgrades and maintain the status quo.  The way the proposal works is that nothing changes until Segwit activation is signalled - since the miners can prevent Segwit signalling more or less forever the proposal effectively means no change to the Bitcoin protocol and therefore 1MB blocks remaining for the foreseeable future. It's a simple delaying tactic designed to prevent the UASF gaining traction and preserving the miners profitability for a longer timescale.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Ah, the classic Luke-jr bullshit data which appears (can't tell cause methodology not published) to count all nodes from all time and all IPs while every other node counting service in existence has a total node count in the mid to high thousands.

https://coin.dance/nodes
https://bitnodes.21.co/nodes/
http://nodecounter.com/#all_nodes

And where block signalling (unsibylable) is around 40% for bigger blocks.
legendary
Activity: 1512
Merit: 1012
So, no comment from anyone at Core at all.
Is it totally dead in the water?

Install or not, your choice.



If you want a comment, read github commits.
https://github.com/bitcoin/bitcoin/compare/v0.14.1...master
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
I hope that Segwit+2MB gets enough support to finally end this absurd war. At this time it looks as the only non contentious alternative. I don't like the idea of non unanimous hard forks, nor UASF. Whatever is supported by an almost unanimous majority is ok to me at this time (Well, except BU/EC as I am totally against it).

Seemed like a decent compromise to me. Core programmers snubbing it was disappointing.
Agreed, the total lack of ability to make a compromise, even one that doesn't seem to have big drawbacks is disappointing.

So, no comment from anyone at Core at all.  Is it totally dead in the water?

If Core is invited into the discussion to merely rubberstamp an agreement, then why should they participate more?

They are not going to agree to a hardfork, so why come up with an agreement that involves a hardfork.. and if there is a hardfork, that means a change in governance.. why would they participate in that?  Core members say these kinds of things, but no one seems to want to hear them, and act as if they are not responding and come up with some kind of supposed compromise that include "no go" and unnecessary terms.
legendary
Activity: 2604
Merit: 1748
I hope that Segwit+2MB gets enough support to finally end this absurd war. At this time it looks as the only non contentious alternative. I don't like the idea of non unanimous hard forks, nor UASF. Whatever is supported by an almost unanimous majority is ok to me at this time (Well, except BU/EC as I am totally against it).

Seemed like a decent compromise to me. Core programmers snubbing it was disappointing.
Agreed, the total lack of ability to make a compromise, even one that doesn't seem to have big drawbacks is disappointing.

So, no comment from anyone at Core at all.  Is it totally dead in the water?
legendary
Activity: 3066
Merit: 1188

"Peer to Peer lending platforms" will provide a boost to growth = Mr Draghi is saying TRST is heading to the moon.
legendary
Activity: 3066
Merit: 1188

Draghi's talk is looping back.

Just reaching the bit where he talks about "fintech & blockchains" now:

http://www.zerohedge.com/news/2017-05-29/watch-live-draghi-speaks-euro-parliament-makes-case-more-easing

EDIT: Too late. It's done, loop back in another 3 hours.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Good morning Bitcoinland.

Missed a couple of days but we seem to be consolidating to a nice point... currently $2250USD (Bitcoinaverage).

I missed the bottom but I did manage to buy a bit more under $2000. Hopefully the correction is over and we can continue with the uptrend.

At least we finished the week in the green.

legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
I hope that Segwit+2MB gets enough support to finally end this absurd war. At this time it looks as the only non contentious alternative. I don't like the idea of non unanimous hard forks, nor UASF. Whatever is supported by an almost unanimous majority is ok to me at this time (Well, except BU/EC as I am totally against it).

Seemed like a decent compromise to me. Core programmers snubbing it was disappointing.
Agreed, the total lack of ability to make a compromise, even one that doesn't seem to have big drawbacks is disappointing.
legendary
Activity: 2044
Merit: 1005
Ok, people.  I'm tired of fucking around with ambiguous definitions:  Is bitcoin decentralized?  Does bitcoin have value? etc.  I have decided to address these issues from proof of work to proof of stake where a normal human can easily quantify if Bitcoin or any other cryptocurrency has value and whether it will live or die:

http://steemit.com/steemit/@r0achtheunsavory/the-r0ach-report-14-defining-if-cryptocurrency-has-a-value-or-zero-value-from-a-fundamental-scientific-perspective

It's relatively short to read, but if you want the TLDR version, my stance is that proof of stake has no value whatsoever and I explain why, and proof of work with ASIC is almost functionally the same thing (externalized proof of stake) in practice and would also have no value.  I don't think anyone will find a valid argument against this post.
I do not think you understand the meaning of decentralized. Bitcoin is only centralized logically which is desired. Politically and architecturally it is decentralized. You should be clear that you are arguing for the fact that you "think" it is not politically decentralized. You cannot argue it is not architecturally decentralized because that would simply not be true.

With that you should revisit your article and perhaps I will read it when it is well understood that the author understands the meaning of decentralization on which his whole argument is formed. Heh, you mention ambiguous definitions are tiresome yet you then go off and give assumptions and hypothesis' based on ambiguous definitions yourself.

You can't be serious.  You're basically making the argument that anything where someone has not double spent *YET* or *CONSTANTLY* is automatically decentralized.  That's not how this works.  You are not automatically proven to be decentralized with a functional Nash equilibrium until mass armageddon begins.  It is ironic that the ASIC factory sunk cost is the only reason there is not constant double spend, but those same ASICs also make the system inherently worthless and the equivalent of a closed entropy system at the same time.
The barrier of entry is low into asics as you can buy contracts and  im not sure how you arrived to your conclusion on the correct charcterizatiom based on double spends. You should work on your ambigious definitions first to figure out what argument you are trying to make clearly and then draw upon your hypothesis because of reason a b and c. I do not see that from your attempt.
legendary
Activity: 2842
Merit: 1511
I remember when block space was cheap as chips. What's in store for those dApps when it's a buck a transaction? Am I missing something?

They'll most likely need off-chain computation to scale e.g. Truebit. However, if they're going to do second layer tech where Ethereum is just used for settlement, I don't see why you'd need Eth and its virtual machine at all. You could just as easily use Bitcoin surely (well, assuming we ever get Segwit).


me thinks this is a last attempt on a push down on the whole market..but this is a imo..a beartrap...

be smart, ignore this on all coins, hodl everything and you will be happier in a week +

dont risk losing a huge % gain by gambling for a small temp gain

The market is exploding with new users everyday, new exchanges...big ones opening very soon too

Agree. I Hodl.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Does anybody else keep getting posts deleted in this thread, some that were made months ago? Some kill joy is deleting all the rocket, moon, raining money gifs & pics I've made over time Cheesy

Go to the Wall Observer thread over on bitco.in. No censorship and it could do with a bit of livening up.

It also has ChartBuddy.

I'm sure this will get censored too so PM inbound.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

2- 10oz bars. Easier portability and storage. Was thinking about maybe getting some coins at some point too, just for fun.

Coins make great presents so I end up giving them away. Need to buy some more. Especially with the price since I last bought.
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
I wonder how can someone call this "storage of value" and then claim Bitcoin isn't at all:

http://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
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