Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18440.

DaRude

legendary

Activity: 2833

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In order to dump coins one must have coins

Quote from: respawn2 on July 20, 2016, 06:32:42 PM

The miners get their block reward (12.5 BTC) whether they include transactions or not. Transactions are a pretty insignificant percentage on top of that (bouncing between .3 and .5 BTC, here: https://www.smartbit.com.au/charts/transaction-fees-per-block).

If the miners come to an agreement among themselves not to include any transactions, the impact on their bottom line would be pretty small (12.5 BTC per block solved, vs. 12.9 BTC).
But the bargaining power that gives them...

Yeah they're so profitable especially now, what's another 4% cut from their profit margins Undecided

and another 25%+ cut due to price tanking because of this retardedness

mymenace

legendary

Activity: 1596

Merit: 1061

Smile

Quote from: respawn2 on July 20, 2016, 06:32:42 PM

The miners get their block reward (12.5 BTC) whether they include transactions or not. Transactions are a pretty insignificant percentage on top of that (bouncing between .3 and .5 BTC, here: https://www.smartbit.com.au/charts/transaction-fees-per-block).

If the miners come to an agreement among themselves not to include any transactions, the impact on their bottom line would be pretty small (12.5 BTC per block solved, vs. 12.9 BTC).
But the bargaining power that gives them...

cool sounds like our current economy, plenty of opportunity for gains

why tell people this when you can profit

respawn2

member

Activity: 84

Merit: 10

Quote from: marcus_of_augustus on July 20, 2016, 06:43:23 PM

^^ yeah all those mining agreements to destroy bitcoin are gonna work out awesome

Dunno, better than the ones with ~~Core~~ individuals, that's for sure. The miners have a common goal, so don't see where you see a problem. No different than any labor union, am I right?

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

^^ yeah all those mining agreements to destroy bitcoin are gonna work out awesome Roll Eyes

ffs, get some new materials guise, this is some pathetic FUD shit

respawn2

member

Activity: 84

Merit: 10

The miners get their block reward (12.5 BTC) whether they include transactions or not. Transactions are a pretty insignificant percentage on top of that (bouncing between .3 and .5 BTC, here: https://www.smartbit.com.au/charts/transaction-fees-per-block).

If the miners come to an agreement among themselves not to include any transactions, the impact on their bottom line would be pretty small (12.5 BTC per block solved, vs. 12.9 BTC).
But the bargaining power that gives them...

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: rizzlarolla on July 20, 2016, 06:17:57 PM

Quote from: marcus_of_augustus on July 20, 2016, 05:50:52 PM

Quote from: rizzlarolla on July 20, 2016, 05:27:11 PM

Times are changing. It is a dynamic world out there.
The miners got into bed with core, believing they could deliver.
Miners will keep the blockchain, Core can keep their code.

such shit FUD ... Core delivers everytime, >100 high quality contributors serving up huge quantities of quality code

https://www.reddit.com/r/Bitcoin/comments/4tqb59/bitcoin_core_v0130rc1_binaries_are_available_for/

miners have spent not a milliBitcoin producing quality code (or even funding some Core devs (i have no idea why it's a no brainer for wealthy idiot miner to hire a Core dev or two??wtf idiot miners)) so until they do they will the run the best code out there, Core.

And Core have spent bugger all on mining?

Core will need to start mining their alt coin.

Do the idiots at Core ...

totally out of your depth, dude. just shut it before you look completely silly ... roll another dooby, chillax and all that ... Core==bitcoin, there is only one bitcoin.

rizzlarolla

hero member

Activity: 812

Merit: 1001

Quote from: marcus_of_augustus on July 20, 2016, 05:50:52 PM

Quote from: rizzlarolla on July 20, 2016, 05:27:11 PM

Times are changing. It is a dynamic world out there.
The miners got into bed with core, believing they could deliver.
Miners will keep the blockchain, Core can keep their code.

such shit FUD ... Core delivers everytime, >100 high quality contributors serving up huge quantities of quality code

https://www.reddit.com/r/Bitcoin/comments/4tqb59/bitcoin_core_v0130rc1_binaries_are_available_for/

miners have spent not a milliBitcoin producing quality code (or even funding some Core devs (i have no idea why it's a no brainer for wealthy idiot miner to hire a Core dev or two??wtf idiot miners)) so until they do they will the run the best code out there, Core.

And Core have spent bugger all on mining?
The idiot miners didn't think they had to write their own code, of course, because they are idiots?

When the miners have written their code, Core will need to start mining their alt coin.
Do the idiots at Core realise that?

DaRude

legendary

Activity: 2833

Merit: 1851

In order to dump coins one must have coins

Quote from: marcus_of_augustus on July 20, 2016, 05:57:29 PM

https://blockchain.info/charts/miners-revenue?timespan=2year

idiot miners will be forced to stop selling or buy in the market ... revenue hasn't been this low since Dec. 2015

What do miners have to do with how much buyers are willing to pay per btc again?

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

https://blockchain.info/charts/miners-revenue?timespan=2year

idiot miners will be forced to stop selling or buy in the market ... revenue hasn't been this low since Dec. 2015

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Good productive conversations today. I haven't once felt inclined to weigh in with inane chatter. Kuddos, boys.
PS. I think Marcus is probably right. Undecided

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: rizzlarolla on July 20, 2016, 05:27:11 PM

Times are changing. It is a dynamic world out there.

The miners got into bed with core, believing they could deliver.

Miners will keep the blockchain, Core can keep their code.

such shit FUD ... Core delivers everytime, >100 high quality contributors serving up huge quantities of quality code

https://www.reddit.com/r/Bitcoin/comments/4tqb59/bitcoin_core_v0130rc1_binaries_are_available_for/

miners have spent not a milliBitcoin producing quality code (or even funding some Core devs (i have no idea why it's a no brainer for wealthy idiot miner to hire a Core dev or two??wtf idiot miners)) so until they do they will the run the best code out there, Core.

rizzlarolla

hero member

Activity: 812

Merit: 1001

Quote from: JayJuanGee on July 20, 2016, 04:45:09 PM

Generally when I refer to the status quo in my various posts on this blocksize limit raising topic, I am frequently asserting that both XT and Classic have failed to meet their evidentiary burden of production and persuasion in order to convince the status quo to adopt them or to work on their adoption. Saying that XT/Classic have failed in this regard is not the same as saying that seg wit has succeed in this regard, even though likely I have said both, and even though of course, all of us should continue to recognize that seg wit remains a work in progress that is advancing little by little and continues to enjoy overwhelming levels of support demonstrating that its chances of becoming part of the status quo is quite likely (even though that outcome remains part of the future).

Times are changing. It is a dynamic world out there.

Core inherited their "coding" position by default.
The miners got into bed with core, believing they could deliver.
Core cannot deliver.

Divorce proceedings have started.
Miners will keep the blockchain, Core can keep their code.

hv_

legendary

Activity: 2548

Merit: 1055

Clean Code and Scale

Quote from: rizzlarolla on July 20, 2016, 04:05:28 PM

Quote from: adamstgBit on July 19, 2016, 08:25:30 PM

I agree the network adopting segwit and later LN is will be a historical moment in bitcoin.
segwit+LN is a fundamental shift ( way more then a 2MB HF would have been ) it WILL change the game, for the better or worst?? no way to know...

It would be worse, think about it...

Simply increase the block size as that satoshi said,
or change everything about Bitcoin because some beardy said.

Segwit fucks the miners, (oh and the decentralised nodes) LN fucks the miners.
The fees market fucks the users.
RBF fucks the retailers.

Segwit will never happen.
The miners hold the hash power.
It is cores last few weeks of presuming to control Bitcoin, I suspect.

Hehe, yes and they quickly put down all in patents so last try to go Turkish all in!

rizzlarolla

hero member

Activity: 812

Merit: 1001

Quote from: Hyperjacked on July 20, 2016, 04:59:04 PM

Quote from: marcus_of_augustus on July 20, 2016, 04:56:30 PM

yawn, altcoin gloating, how boorish.

Who's gloating...?

Decred.. rethink digital currency. Cheesy

Hyperjacked

legendary

Activity: 1624

Merit: 1126

It's all mathematics...!

Quote from: marcus_of_augustus on July 20, 2016, 04:56:30 PM

yawn, altcoin gloating, how boorish.

Who's gloating...?

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

yawn, altcoin gloating, how boorish.

Hyperjacked

legendary

Activity: 1624

Merit: 1126

It's all mathematics...!

Quote from: sAt0sHiFanClub on July 20, 2016, 04:43:08 PM

Quote from: LFC_Bitcoin on July 12, 2016, 10:30:05 AM

Quote from: sAt0sHiFanClub on July 12, 2016, 09:05:06 AM

Are we rich yet? Grin

1455 days to go to the halvening....

See y'all in 98 feet east tonight. Roll Eyes

Trouble maker Grin

Where have you been all this time?

Give it a few months to see how the price reacts to limited supply of coins on the exchanges before you start laughing too much Wink

Ha ha! always the same...

Just closed the deal on my new house yesterday, a deal that was brought forward about 6 months due to my Bitcoin windfall ( and a brexit bonus as well when buying Euros the morning of the brexit count Grin

)

Just been busy with IRL stuff. But I am now out of the bitcoin speculation game. Just stashed a few to keep my hand in the game.

Congrats man! Cheers

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: adamstgBit on July 20, 2016, 01:34:21 PM

its been over a year now and my monkey is still saying >32,000 in < 2 years

Does that mean it will happen in less than a year?

Oh wait, you used the word "still". Undecided

Quote

cant lie, starting to think he might be wrong.

Now you tell us? Tongue

Hyperjacked

legendary

Activity: 1624

Merit: 1126

It's all mathematics...!

Quote from: aminorex on July 20, 2016, 12:26:34 PM

Quote from: JimboToronto on July 20, 2016, 10:25:15 AM

How much longer will the market keep "catching its breath" before we move on?

My monkey says its probably the start of a 2-3 month slow-ish uptrend about now.

BTC has traded the same way since mt gox...it has violent moves and consolidates ! Rinse and repeat...it's all about the Bb charts right now! That's why I voted 650$ by July 31st when the poll came out.

Remember the longer it trades sideways in a tight range the more vicious the move! Cool

It looks like the next high volume day will come sooner...imho

Agaguk24

full member

Activity: 242

Merit: 100

Extended Reality Advertising

Quote from: ?? on ??

Well, the coin that shall not be named had a very contentious hard fork this morning, splitting the currency into two and destroying its value!

Just kidding, there is no god.

But there could be a King!

w...t....f.....

https://www.reddit.com/r/monarchism/comments/4togc2/would_a_surrogate_child_be_legitimate/?sort=new
Roll Eyes

Editing or doctoring the ETH blockchain this way has opened a dangerous precedent which will inspire other sloppy coin coders in the future. I praise the exchange Cryptopia.co.nz for delisting ETH.

I have lost all confidence in ETH.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18440. (Read 26712678 times)