Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17574.

PoolMinor

legendary

Activity: 1844

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XXXVII Fnord is toast without bread

Quote from: Lauda on March 18, 2017, 12:37:13 PM

Quote from: MinermanNC on March 18, 2017, 12:28:25 PM

This gives a good overview of where all the nodes are at right now. Interesting, the way I am reading it is BU nodes at 33.1 %

http://xtnodes.com/

No. Why are you preaching something which you do not even understand? BU nodes are at ~8% at best (see here: https://bitnodes.21.co/nodes/), or more realistically at 2% (see here: http://luke.dashjr.org/programs/bitcoin/files/charts/software.html).

Yeah, you can twist it anyway you want. Semantics of mining node vs a regular node. Most miners are in China yet most non-mining nodes are in the US (United States--1814 =27.87%). The point is that the mining nodes will determine whether the code gets forked, not the regular nodes.

B1tUnl0ck3r

sr. member

Activity: 854

Merit: 277

liife threw a tempest at you? be a coconut !

Quote from: slap on March 18, 2017, 12:49:17 PM

imho btc is rising atm to be able to crash even further.
Call me a bear, fine, but this isn't how bottoms are formed.

gl everyone

cool down between each strikes...

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: Lauda on March 18, 2017, 12:46:27 PM

Quote from: MinermanNC on March 18, 2017, 12:42:28 PM

LAUDA,

Quote

BU nodes are at ~8% at best (see here: https://bitnodes.21.co/nodes/), or more realistically at 2% (see here: http://luke.dashjr.org/programs/bitcoin/files/charts/software.html).

whew ok, that's looks better Wink

Thx for the link and your input on this

What you were looking at is :

Quote from: Ibian on March 18, 2017, 12:41:18 PM

People are panicking that we are dropping down to $1000. I love it. This was a far off dream not that long ago.

Half a year ago, $1000 was a dream. Now, people are panicking because we are back to $1000? How times quickly change. Cheesy

Got it! it is a tad confusing though lol Wink

TY

slap

hero member

Activity: 564

Merit: 502

imho btc is rising atm to be able to crash even further.
Call me a bear, fine, but this isn't how bottoms are formed.

gl everyone

B1tUnl0ck3r

sr. member

Activity: 854

Merit: 277

liife threw a tempest at you? be a coconut !

Quote from: Lauda on March 18, 2017, 12:37:13 PM

Quote from: MinermanNC on March 18, 2017, 12:28:25 PM

This gives a good overview of where all the nodes are at right now. Interesting, the way I am reading it is BU nodes at 33.1 %

http://xtnodes.com/

No. Why are you preaching something which you do not even understand? BU nodes are at ~8% at best (see here: https://bitnodes.21.co/nodes/), or more realistically at 2% (see here: http://luke.dashjr.org/programs/bitcoin/files/charts/software.html).

Quote from: B1tUnl0ck3r on March 18, 2017, 12:30:28 PM

So about this http://www.coindesk.com/coindesk-explainer-bitcoin-unlimited-debate/

https://www.bitcoinunlimited.info/ (again one of those stupid java only website, says enough)

the idea sound great BUT :

BU/BTU is a absurdly stupid idea that provides even more centralization incentives and power to the mining cartel. Is this what you mean by 'sounds great'? Roll Eyes

Quote from: B1tUnl0ck3r on March 18, 2017, 12:30:28 PM

But the big pools can fork it almost when ever they want, no?

They can fork into an altcoin whenever they want to.

How would it be possible to stop it to be the main chain?

Sound great was meant has a marketing concept. fundamentally or the blocksize never change and the fees align or the system move to what ever. I liked the idea of having modular blocksize, but dynamically would be better... and then why mine or pay fee at all? PoS.

Look :

Quote from: CryptInvest on March 08, 2017, 06:23:52 AM

I conducted a study of the % rate paid by the pools to the miners.

Look, the usual pool takes 0.3-1%. The amount is used as payments on server bills and profit to owners.

A pool like the Antpool pays the miners up to 20%. This means that they work at a loss!

From this we can assume the following:

- They work at a loss because they are subsidized by bankers - supporters of Bitcoin Unlimited and special services (as you know, BU will lead to centralization and make bitcoin controlled as paypal)
- Sooner or later, owners of pools of extra-paid miners may not pay a reward to the miners

Owners of large pools to spit on bitcoin. They will pursue their interests.

My conclusions:

Do not support large pools! It's a scum! Time bomb for bitcoin!
!

operating the pool at a loss, concentrating the maximum hashrate... who knows?!?

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: MinermanNC on March 18, 2017, 12:42:28 PM

LAUDA,

Quote

BU nodes are at ~8% at best (see here: https://bitnodes.21.co/nodes/), or more realistically at 2% (see here: http://luke.dashjr.org/programs/bitcoin/files/charts/software.html).

whew ok, that's looks better Wink

Thx for the link and your input on this

What you were looking at is :

Quote from: Ibian on March 18, 2017, 12:41:18 PM

People are panicking that we are dropping down to $1000. I love it. This was a far off dream not that long ago.

Half a year ago, $1000 was a dream. Now, people are panicking because we are back to $1000? How times quickly change. Cheesy

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: boyshx on March 18, 2017, 12:05:52 PM

This question might sound stupid but I have been an investor never a miner .

If the fork would damage the price that much why would the miners go massively to it ? Wouldn't it affect their revenue? Or does people like Vinny Ligham overreact to the effects of an eventual HF?

Because humans are emotional creatures with agendas. What we call intelligence is for the most part just a mechanism for rationalizing our emotional choices to ourselves.

MinermanNC

legendary

Activity: 2198

Merit: 1000

LAUDA,

Quote

BU nodes are at ~8% at best (see here: https://bitnodes.21.co/nodes/), or more realistically at 2% (see here: http://luke.dashjr.org/programs/bitcoin/files/charts/software.html).

whew ok, that's looks better Wink

Thx for the link and your input on this

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

today was a good day

the price fall is always a good day. when i saw the drop i was anxious to buy and when i saw the ~750BTC buy walls being placed i knew where the bottom should be and started buying. haha

Ibian

legendary

Activity: 2268

Merit: 1278

People are panicking that we are dropping down to $1000. I love it. This was a far off dream not that long ago.

DaRude

legendary

Activity: 2833

Merit: 1851

In order to dump coins one must have coins

Quote from: boyshx on March 18, 2017, 12:05:52 PM

This question might sound stupid but I have been an investor never a miner .

If the fork would damage the price that much why would the miners go massively to it ? Wouldn't it affect their revenue? Or does people like Vinny Ligham overreact to the effects of an eventual HF?

tl;dr Power grab, and miners are hoping for short term losses over long term control.

People invested substantial amount of money in BTC, well, because it's a honey badger, and these people consider that centralization to be the Achilles heel of BTC. Right now the blocksize limit is governed by the hardlimit in the code. Now miners (where majority of them are in China) want to remove that hardcoded limit and instead saying that they should be the ones to set it as they please (and it so happens that miners profits are directly related to the block size as well as large mining farms also stand to get an advantage in mining, the bigger the blocks get. Where core gains no direct benefit from 1mb block). Now anyone with any basic coding experience can see that this would introduce a huge attach vector, but the miners are the ones that control the hashrate and are starting to get some traction. But what not many people are talking about, and admittedly is very hard to gauge (and what i believe miners are underestimating) is investors perception. Many people are willing to invest millions of $$ because of the code, but once the code is replaced with "you can trust us, because we wouldn't do anything bad" people are not so willing to invest in ChinaCoin.

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: MinermanNC on March 18, 2017, 12:28:25 PM

This gives a good overview of where all the nodes are at right now. Interesting, the way I am reading it is BU nodes at 33.1 %

http://xtnodes.com/

No. Why are you preaching something which you do not even understand? BU nodes are at ~8% at best (see here: https://bitnodes.21.co/nodes/), or more realistically at 2% (see here: http://luke.dashjr.org/programs/bitcoin/files/charts/software.html).

Quote from: B1tUnl0ck3r on March 18, 2017, 12:30:28 PM

So about this http://www.coindesk.com/coindesk-explainer-bitcoin-unlimited-debate/

https://www.bitcoinunlimited.info/ (again one of those stupid java only website, says enough)

the idea sound great BUT :

BU/BTU is a absurdly stupid idea that provides even more centralization incentives and power to the mining cartel. Is this what you mean by 'sounds great'? Roll Eyes

Quote from: B1tUnl0ck3r on March 18, 2017, 12:30:28 PM

But the big pools can fork it almost when ever they want, no?

They can fork into an altcoin whenever they want to.

Price is back at $1000, and I'm not exactly sure in which direction it may head now. We may see some clarity next week.

B1tUnl0ck3r

sr. member

Activity: 854

Merit: 277

liife threw a tempest at you? be a coconut !

So about this http://www.coindesk.com/coindesk-explainer-bitcoin-unlimited-debate/

https://www.bitcoinunlimited.info/ (again one of those stupid java only website, says enough)

the idea sound great BUT :

Quote from: bones261 on March 18, 2017, 12:28:03 PM

Quote from: MinermanNC on March 18, 2017, 12:18:33 PM

Quote from: Elwar on March 18, 2017, 12:10:47 PM

Quote from: B1tUnl0ck3r on March 18, 2017, 11:59:50 AM

Sorry to ask but where to read more about BU and Segwit? there is not much info here... and even a big nothing in the mining section.

It is very difficult to find anyone that will discuss BU or Segwit. I wish there was more discussion about it but nobody has an opinion for one or the other.

Isn't that the truth. I think most of the people bitching about it really don't fully understand either of the options. (me included lol)

Both hope to solve the same issue however. Just BU at some point could trigger the hard fork. Segwit would only be a soft fork. Just the sounds of a hard fork spooks people as it probably should lol

BU is a stupid solution anyway. If BTC ever wants to scale on something that would compete with Visa and Paypal, we'd need to increase the blocksize to 1GB+. Problem is, such a large block would take so long to verify, there would end up being a lot of empty block mined, and the large 1GB+ blocks would end up getting orphaned, anyway. IF BTC wants to even come close to scaling like the big boys, an off chain solution like LN is our only hope.

if I get it BU is unlimited... thx for your comment anyway.

Quote from: MinermanNC on March 18, 2017, 12:28:25 PM

This gives a good overview of where all the nodes are at right now. Interesting, the way I am reading it is BU nodes at 33.1 %

http://xtnodes.com/

But the big pools can fork it almost when ever they want, no?

MinermanNC

legendary

Activity: 2198

Merit: 1000

This gives a good overview of where all the nodes are at right now. Interesting, the way I am reading it is BU nodes at 33.1 %

http://xtnodes.com/

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: MinermanNC on March 18, 2017, 12:18:33 PM

Quote from: Elwar on March 18, 2017, 12:10:47 PM

Quote from: B1tUnl0ck3r on March 18, 2017, 11:59:50 AM

Sorry to ask but where to read more about BU and Segwit? there is not much info here... and even a big nothing in the mining section.

It is very difficult to find anyone that will discuss BU or Segwit. I wish there was more discussion about it but nobody has an opinion for one or the other.

Isn't that the truth. I think most of the people bitching about it really don't fully understand either of the options. (me included lol)

Both hope to solve the same issue however. Just BU at some point could trigger the hard fork. Segwit would only be a soft fork. Just the sounds of a hard fork spooks people as it probably should lol

BU is a stupid solution anyway. If BTC ever wants to scale on something that would compete with Visa and Paypal, we'd need to increase the blocksize to 1GB+. Problem is, such a large block would take so long to verify, there would end up being a lot of empty block mined, and the large 1GB+ blocks would end up getting orphaned, anyway. IF BTC wants to even come close to scaling like the big boys, an off chain solution like LN is our only hope.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Ted E. Bare on March 18, 2017, 12:16:41 PM

Quote from: PoolMinor on March 18, 2017, 11:52:36 AM

Wow, such wrong. How can you live with yourself? And why are you so concerned with other people's action in whether they sold or bought?

I admit I got over emotional. Probably because I have almost all my net worth invested in bitcoin and was living the dream because of the high prices we got lately. Dream is ruined at this time. Tongue

Oct 18th turned on 1st miner 150 usd btc to ATH 1234 usd or some such

2014 289 usd or some such

Keep what you can afford but hold/horde the rest. This too shall pass 🤔

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

A late and very hung over good morning Bitcoinland.

I woke up earlier, saw the price, and ran out to buy the coin I missed buying 2 nights ago. I was cursing yesterday at having missed the dip below $1100 because it happened around midnight and it was too late to buy because the only places still open were overpriced.

I almost bought last night but figured it still hadn't bottomed out. Good thing I waited. I saved almost $100. I got in at about $970. Now it's back up over a grand... currently $1013USD at Bitcoinaverage.

I come over here and see the usual trolls and altcoin shills having a picnic. So predictable.

Meuh6879

legendary

Activity: 1512

Merit: 1012

Dead Cat Bounce ?

B1tUnl0ck3r

sr. member

Activity: 854

Merit: 277

liife threw a tempest at you? be a coconut !

Quote from: Elwar on March 18, 2017, 12:10:47 PM

Quote from: B1tUnl0ck3r on March 18, 2017, 11:59:50 AM

Sorry to ask but where to read more about BU and Segwit? there is not much info here... and even a big nothing in the mining section.

It is very difficult to find anyone that will discuss BU or Segwit. I wish there was more discussion about it but nobody has an opinion for one or the other.

Thank you, I was very troubled by this. Was I looking in the wrong sections (tried them almost all) and still nothing really serious. Do you know where they hide to conspire their changes?

Quote from: eXpl0sive on March 18, 2017, 12:09:30 PM

Quote from: bones261 on March 18, 2017, 12:03:11 PM

People think that a fork is imminent. First of all, none of the big pools are going to switch to producing bigger blocks until they have at least 51% of the hash. Probably a lot more. The way BU works is that it will eventually go for the longest chain. If any of the big pools start mining bigger blocks with less than 51% of the hash, they'll end up mining a lot of orphans. You think they are that stupid?
All the core team needs to do is introduce a block increase as well as Segwit and everyone will kiss and make up.

Finally someone is talking sense on this hard fork issue.

I have read that Antpool among others are already on board with BU... and are just waiting a unknown threshold to start mining BU and not BTC.

Futhermore I am not sure miners really care about the politics of their pool operators.

Anyway I am confused Huh

Quote from: MinermanNC on March 18, 2017, 12:18:33 PM

Quote from: Elwar on March 18, 2017, 12:10:47 PM

Quote from: B1tUnl0ck3r on March 18, 2017, 11:59:50 AM

Sorry to ask but where to read more about BU and Segwit? there is not much info here... and even a big nothing in the mining section.

It is very difficult to find anyone that will discuss BU or Segwit. I wish there was more discussion about it but nobody has an opinion for one or the other.

Isn't that the truth. I think most of the people bitching about it really don't fully understand either of the options. (me included lol)

Both hope to solve the same issue however. Just BU at some point could trigger the hard fork. Segwit would only be a soft fork. Just the sounds of a hard fork spooks people as it probably should lol

anyway it's a big change in the system, next more coins per blocks? if miners are too centralized in big pools and don't care, who knows...

Quote from: eXpl0sive on March 18, 2017, 12:16:48 PM

Quote from: B1tUnl0ck3r on March 18, 2017, 11:59:50 AM

Sorry to ask but where to read more about BU and Segwit? there is not much info here... and even a big nothing in the mining section.

Start with this:
http://www.coindesk.com/coindesk-explainer-bitcoin-unlimited-debate/

thx a lot! will report back later.

MinermanNC

legendary

Activity: 2198

Merit: 1000

Quote from: Elwar on March 18, 2017, 12:10:47 PM

Quote from: B1tUnl0ck3r on March 18, 2017, 11:59:50 AM

Sorry to ask but where to read more about BU and Segwit? there is not much info here... and even a big nothing in the mining section.

It is very difficult to find anyone that will discuss BU or Segwit. I wish there was more discussion about it but nobody has an opinion for one or the other.

Isn't that the truth. I think most of the people bitching about it really don't fully understand either of the options. (me included lol)

Both hope to solve the same issue however. Just BU at some point could trigger the hard fork. Segwit would only be a soft fork. Just the sounds of a hard fork spooks people as it probably should lol

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