see what happens when brian armstrong and gavin stop talking? price goes up
https://www.cryptocoinsnews.com/gavin-andersen-bitcoin-network-increasingly-unreliable/
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19057. (Read 26609633 times)
March 11, 2016, 06:35:45 AM
https://www.cryptocoinsnews.com/gavin-andersen-bitcoin-network-increasingly-unreliable/
March 11, 2016, 06:33:08 AM
Russia is getting tougher on cryptos:
http://www.coindesk.com/report-russia-to-propose-7-year-prison-sentences-for-digital-currency-issuers/
http://www.coindesk.com/report-russia-to-propose-7-year-prison-sentences-for-digital-currency-issuers/
March 11, 2016, 06:01:04 AM
March 11, 2016, 05:50:03 AM
Hi! How You think what price was btc in this pump? 450$?
March 11, 2016, 05:34:46 AM
Perhaps this animated graph of block size and transaction fee can show you.
http://organofcorti.blogspot.nl/2016/03/block-size-and-transaction-fee-animation.html
A more detailed (and non-animated) view:
https://3.bp.blogspot.com/-Ze8NXBUY7Z0/VtpIeA1cFYI/AAAAAAAAFeU/Ju1kct5bWHk/s1600/post2_plot2_2016-03-05.png
I will take it on faith that those graphs are factually accurate.
That goes for the graphs of blockchain.info as well. Luckily, all data is public, so everyone can check it if he wants.
Quote
they still don't demonstrate some kind of emergency state, and even though a bit more granular than blockchain.info, they are not really showing anything that should cause panic.
Suppose a bus company starts running a service in 2010. At first, you'd only see one or two people in the bus. As the bus service becomes more known, more people travel on the bus. Nowadays, busses are often completely occupied. It's common that people are left at the bus stops having to wait for the next one, esp. if they bought the cheapest tickets.
You can see that this happens more and more often. However, anyone who bought the most expensive ticket always manages to get on the next bus. Nevertheless, it happens more and more often that more and more people with the cheap tickets have to skip buses.
Yet, you say there's no reason for panic. You don't expect that the demand for the bus service will keep growing.
Quote
I do wish that blockchain.info would come out with some more granular charts to maybe break down by hourly or even shorter periods and to be able to zoom in or out in order to better see if there are some rush hour periods..
What's so special about blockchain.info, I wonder.
Quote
and maybe even if there are ways to show charts that separate spam and legit transactions
I can imagine that a flood of tx without fee can be considered spam. But nowadays, only mining pools use zero fee tx to payout their miners. There are hardly any zero fee tx issued otherwise. (800 in the past 24 hours, source: https://bitcoinfees.21.co/ ) But if a tx carries a fee, how to decide if it's spam or not? What is your definition of spam?
Quote
I get the sense that seg wit filters out spam too, so maybe we are going to witness some better representations of what's going on once seg wit is live?.
How does SW filters spam? How does it decide which tx is spam and which is not?
Quote
Anyhow, there is work on seg wit at the moment and a plan to begin with that (coming soon) and then to give further consideration to whether an additional physical block size limitation needs to be incorporated as well.. so I really am still having difficulties grappling with some of the panick.
How many people need to wait for how many next buses until you panic? Or don't you care about others, as long as you can afford your bus ticket?
In other words: how many tx do you think Bitcoin should be able to process today, in 3 months, in 6 months, and in one year's time?
Fact: the number if tx per day is close to the limit of 250,000. We recently touched that twice. (sources: https://blockchain.info/charts/n-transactions?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= , http://www.coindesk.com/data/bitcoin-daily-transactions/ )
We crossed the 20,000 tx/day in June 2012
We crossed the 50,000 tx/day in August 2013
We crossed the 100,000 tx/day in March 2015
We crossed the 200,000 tx/day in January 2016
And the hard limit is a little over 250,000...
So, do you think 250,000 tx/day is sufficient for Bitcoin to be successful? Do you think 400,000 tx/day is sufficient by the end of this year, when SW is rolled out and most other software is updated to take advantage of it? Do you think 400,000 tx/day will be enough until LN comes into existence?
Thanks, nice analysis.
March 11, 2016, 05:10:47 AM
Sell over $420, buy under $420 
At least until any major developments occur.
At least until any major developments occur.
March 11, 2016, 05:06:45 AM
Perhaps this animated graph of block size and transaction fee can show you.
http://organofcorti.blogspot.nl/2016/03/block-size-and-transaction-fee-animation.html
A more detailed (and non-animated) view:
https://3.bp.blogspot.com/-Ze8NXBUY7Z0/VtpIeA1cFYI/AAAAAAAAFeU/Ju1kct5bWHk/s1600/post2_plot2_2016-03-05.png
I will take it on faith that those graphs are factually accurate.
That goes for the graphs of blockchain.info as well. Luckily, all data is public, so everyone can check it if he wants.
Quote
they still don't demonstrate some kind of emergency state, and even though a bit more granular than blockchain.info, they are not really showing anything that should cause panic.
Suppose a bus company starts running a service in 2010. At first, you'd only see one or two people in the bus. As the bus service becomes more known, more people travel on the bus. Nowadays, busses are often completely occupied. It's common that people are left at the bus stops having to wait for the next one, esp. if they bought the cheapest tickets.
You can see that this happens more and more often. However, anyone who bought the most expensive ticket always manages to get on the next bus. Nevertheless, it happens more and more often that more and more people with the cheap tickets have to skip buses.
Yet, you say there's no reason for panic. You don't expect that the demand for the bus service will keep growing.
Quote
I do wish that blockchain.info would come out with some more granular charts to maybe break down by hourly or even shorter periods and to be able to zoom in or out in order to better see if there are some rush hour periods..
What's so special about blockchain.info, I wonder.
Quote
and maybe even if there are ways to show charts that separate spam and legit transactions
I can imagine that a flood of tx without fee can be considered spam. But nowadays, only mining pools use zero fee tx to payout their miners. There are hardly any zero fee tx issued otherwise. (800 in the past 24 hours, source: https://bitcoinfees.21.co/ ) But if a tx carries a fee, how to decide if it's spam or not? What is your definition of spam?
Quote
I get the sense that seg wit filters out spam too, so maybe we are going to witness some better representations of what's going on once seg wit is live?.
How does SW filters spam? How does it decide which tx is spam and which is not?
Quote
Anyhow, there is work on seg wit at the moment and a plan to begin with that (coming soon) and then to give further consideration to whether an additional physical block size limitation needs to be incorporated as well.. so I really am still having difficulties grappling with some of the panick.
How many people need to wait for how many next buses until you panic? Or don't you care about others, as long as you can afford your bus ticket?
In other words: how many tx do you think Bitcoin should be able to process today, in 3 months, in 6 months, and in one year's time?
Fact: the number if tx per day is close to the limit of 250,000. We recently touched that twice. (sources: https://blockchain.info/charts/n-transactions?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address= , http://www.coindesk.com/data/bitcoin-daily-transactions/ )
We crossed the 20,000 tx/day in June 2012
We crossed the 50,000 tx/day in August 2013
We crossed the 100,000 tx/day in March 2015
We crossed the 200,000 tx/day in January 2016
And the hard limit is a little over 250,000...
So, do you think 250,000 tx/day is sufficient for Bitcoin to be successful? Do you think 400,000 tx/day is sufficient by the end of this year, when SW is rolled out and most other software is updated to take advantage of it? Do you think 400,000 tx/day will be enough until LN comes into existence?
March 11, 2016, 05:04:45 AM
Time to go up again?
Just a litle litle bit upper! I need really tiny like 1 or 2 dollars up nothing more!
March 11, 2016, 05:00:31 AM
March 11, 2016, 04:59:42 AM
Time to go up again?
March 11, 2016, 04:00:32 AM
March 11, 2016, 03:00:34 AM
March 11, 2016, 02:00:33 AM
March 11, 2016, 01:28:21 AM
Oh look another crazy japanese invention
these poeple are fucking awesome!
these poeple are fucking awesome!
See! Something constructive. We should have come up with this.
March 11, 2016, 01:16:51 AM
Well well well. Just got home to see that we're finally moving.
It's about time.
Quick, somebody buy 20k coins and let's get this thing really going.
It's about time.
Quick, somebody buy 20k coins and let's get this thing really going.
March 11, 2016, 01:09:02 AM
This is it.
March 11, 2016, 01:04:55 AM
see what happens when brian armstrong and gavin stop talking? price goes up
March 11, 2016, 01:02:43 AM
Anyhoo, how about them 420's?
baby steps towards 750, fun to watch, but not particularly impressive, i can imagine nubs going "Wow what a nice spike, maybe i should close my short" ehehehhehe, nubs....
March 11, 2016, 01:00:33 AM
March 11, 2016, 12:59:57 AM
Got to have young host bodies for them brain transplants when the time comes, right?
Anyhoo, how about them 420's?
Anyhoo, how about them 420's?
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