Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18401. (Read 26710999 times)

legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins

Any news about wtf is going on with scaling? Any thoughts on Bitcoins lacklustre performance lately?

https://bitcoinfees.21.co/

Scaling is so "bad" that in the last 24hr

125 txs were conducted with zero fees
48k txs were conducted with 1-10 satoshi /byte
11.5k txs were conducted with 11-20 satoshi /byte
19.5k txs were conducted with 21-30 satoshi /byte

If there was a capacity issue the above would be impossible at such dirt-cheap levels.

Furthermore, the attempt to pin "scaling" and "price" together has failed at levels like 200-300-400 etc when people were saying "oh it will never go beyond 200 because ...scaling".... and then the same at 300, 400, etc.


I didn't ask whether it was a problem. I'm asking how it's going with the solutions.

Of course the chain won't stay saturated forever. Nobody "needs" Bitcoin now.

When it doesn't work properly people stop using it.

Hence the price.

Have you noticed that what is happening is exactly what Gavin said was going to happen?


I just wanted to quote this. That is all
In other news, development of prosthetic wings for sharks is right on schedule
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"

Any news about wtf is going on with scaling?


This could hardly be a serious question.  Oh yeah, I forgot, it's fatty typing.  She wants to push buttons about non-issues.





Any thoughts on Bitcoins lacklustre performance lately?

Define "lately."  Oh, you mean the fact that bitcoin prices have been flat for about a month, you call that lackluster?   or are you talking about bitcoin prices floating in the $360 to $460 price territory for more than more than 4 months and then moving to the $600s, oh?  that kind of lack luster?

Or are you more selectively focusing on bitcoin prices going to the upper $700s and then retracing back to mid-$600s, so therefore that must be lackluster because the price should be going up further, rather than staying in a kind of flat zone?

Kind of vague points that you are making, no?  and without really a context?   

I would hardly characterize bitcoin's "lately" price performance as a kind of "lackluster," unless I was trying to plant some kind of ideas that bitcoin is broken?  Oh, maybe that is what fatty wants to suggest here?  Bitcoin is broken, oh?






Actually should figure that fatty would chime in with a bit of her white knighting.    Kiss

After that round of cornholing the only one who needs a white knight is you.


Probably, you need to refresh yourself on the definition of white knighting.  White knighting is when a little pussy like you comes in to defend someone who is well able to defend themselves, but instead, you feel some kind of social justice need to stand up for the poor lillie thingie.  You do frequently seem inclined in a kind of white knighting mode, and I suppose the Pseudo anonymous nature of this thread kind of enables you into such pussy practices.   Roll Eyes
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
JayJuanGee are you almost done slowly selling little bits of coin at this "new price level"?

just wondering when you and the other million newbies ( i guess we can't call you newbies anymore when you start grabbing profits... )Jr. are done "balancing their portfolio".


you're gonna be at it for months aren't you....

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Of course the chain won't stay saturated forever. Nobody "needs" Bitcoin now.

When it doesn't work properly people stop using it.

Hence the price.

You should reserve your hences and therefores for when price breaks 500 USD. At the moment price is doing exactly what would be expected after a major move up, and that has nothing to do with abandonment.

Ugh, this reminds me of British Leyland documentary.

Let's hope some news about SegWit and LN starts trickling out soon so I won't have to be given the green light by Old Yefi The Wise to use my hences. The therefores are yours to keep.

there is a workable Alpha version of LN
its called Thunder i think
https://www.blockchain.com/thunder/
yup.


The bar for financial software is very high, they aren't building a some silly MMO packaged in a neat little box for 50$ a piece...
plus i get the feeling these open source devs simply dont give a crap about deadlines, they are just having fun, working on their masterpiece. I wouldn't be surprised if they spend a life time working on it.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
Of course the chain won't stay saturated forever. Nobody "needs" Bitcoin now.

When it doesn't work properly people stop using it.

Hence the price.

You should reserve your hences and therefores for when price breaks 500 USD. At the moment price is doing exactly what would be expected after a major move up, and that has nothing to do with abandonment.

Ugh, this reminds me of British Leyland documentary.

Let's hope some news about SegWit and LN starts trickling out soon so I won't have to be given the green light by Old Yefi The Wise to use my hences. The therefores are yours to keep.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
what you are about to witness is scientifically authentic
it is just one step ahead of present day reality
and two steps ahead of present day sexyness
prepare yourself to attempt conceive an inconceivable
outer space adventure
brace yourself for somthing so fantastically fantastical
you'll soil yourself from intergalactic excitement
get ready to



legendary
Activity: 2842
Merit: 1511
Of course the chain won't stay saturated forever. Nobody "needs" Bitcoin now.

When it doesn't work properly people stop using it.

Hence the price.

You should reserve your hences and therefores for when price breaks 500 USD. At the moment price is doing exactly what would be expected after a major move up, and that has nothing to do with abandonment.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Gavin said Craig Wright is Satoshi ... oh, yeah, that happened ... exactly like he said, uh-huh, uh-huh.

What happened was that Craig Wright chickened out. Pretty much like Satoshi did.

Yeah Satoshi "chickened out" ... right after he produced and fostered the weapon to destroy the most powerful, criminal cartel the planet has ever seen.

Keep up your slide into irrelevancy you fat fuck.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
Gavin said Craig Wright is Satoshi ... oh, yeah, that happened ... exactly like he said, uh-huh, uh-huh.

What happened was that Craig Wright chickened out. Pretty much like Satoshi did.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Gavin said Craig Wright is Satoshi ... oh, yeah, that happened ... exactly like he said, uh-huh, uh-huh.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
Can you please stop pouring stupid down my throat? I'm not going to argue whether 1+1=3 with you. But I know you probably know what's going on with segwit and LN. Is there any progress whatsoever?

https://github.com/bitcoin/bitcoin/blob/0.13/doc/release-notes.md

nevermind, I guess that means no

Edit : Ok, so it was released a day ago

thx!

Edit 2: Any idea how long it will take with the seeds?

No idea.

ok,thx
legendary
Activity: 1708
Merit: 1049
Can you please stop pouring stupid down my throat? I'm not going to argue whether 1+1=3 with you. But I know you probably know what's going on with segwit and LN. Is there any progress whatsoever?

https://github.com/bitcoin/bitcoin/blob/0.13/doc/release-notes.md

nevermind, I guess that means no

Edit : Ok, so it was released a day ago

thx!

Edit 2: Any idea how long it will take with the seeds?

No idea.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
Can you please stop pouring stupid down my throat? I'm not going to argue whether 1+1=3 with you. But I know you probably know what's going on with segwit and LN. Is there any progress whatsoever?

https://github.com/bitcoin/bitcoin/blob/0.13/doc/release-notes.md

nevermind, I guess that means no

Edit : Ok, so it was released a day ago

thx!

Edit 2: Any idea how long it will take with the seeds?
legendary
Activity: 1708
Merit: 1049
Can you please stop pouring stupid down my throat? I'm not going to argue whether 1+1=3 with you. But I know you probably know what's going on with segwit and LN. Is there any progress whatsoever?

https://github.com/bitcoin/bitcoin/blob/0.13/doc/release-notes.md
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC

Any news about wtf is going on with scaling? Any thoughts on Bitcoins lacklustre performance lately?

https://bitcoinfees.21.co/

Scaling is so "bad" that in the last 24hr

125 txs were conducted with zero fees
48k txs were conducted with 1-10 satoshi /byte
11.5k txs were conducted with 11-20 satoshi /byte
19.5k txs were conducted with 21-30 satoshi /byte

If there was a capacity issue the above would be impossible at such dirt-cheap levels.

Furthermore, the attempt to pin "scaling" and "price" together has failed at levels like 200-300-400 etc when people were saying "oh it will never go beyond 200 because ...scaling".... and then the same at 300, 400, etc.


I didn't ask whether it was a problem. I'm asking how it's going with the solutions.

Of course the chain won't stay saturated forever. Nobody "needs" Bitcoin now.

When it doesn't work properly people stop using it.

Hence the price.

Have you noticed that what is happening is exactly what Gavin said was going to happen?

The price has grown from 200 to 400 to 660. If price is an indicator of whether it's working well, I guess it's working damn well.

As for saturation, the chain can be saturated for ever no matter the block size, even 1gb blocks. If it costs near zero to broadcast a tx, why wouldn't it be "saturated"? The only question is whether miners are ok processing these txs or not. Then someone will bitch about "ohhh the mempool is saturated and miners don't process my 0.000001$ tx"  Cry

Can you please stop pouring stupid down my throat? I'm not going to argue whether 1+1=3 with you. But I know you probably know what's going on with segwit and LN. Is there any progress whatsoever?
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