Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19118.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: BitconAssociation on March 03, 2016, 08:40:41 AM

Quote from: mainpmf on March 03, 2016, 08:34:24 AM

...
Hmm... From what I know scaling bitcoin on the number of visa tx for example would need blocks of 80GB.
If you do it simply by rising block size.

I'll never be as smart as Einstein, so why bother going to school (or as Patient_Bear says, nirvana fallacy)...

Quote from: Ibian on March 03, 2016, 08:38:15 AM

Can someone explain why people are complaining about the ability to send any amount of money anywhere in the world in about an hour without having to ask a middleman for permission?

Because it used to be about ten minutes a few days ago, and going to be fucking impossible soon if this shit keeps up. Also middlemen. You'll need those too

Gonna have to explain that one a bit clearer.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: BitUsher on March 03, 2016, 08:41:56 AM

Quote from: Ibian on March 03, 2016, 08:38:15 AM

Can someone explain why people are complaining about the ability to send any amount of money anywhere in the world in about an hour without having to ask a middleman for permission?

To be fair , Bitcoin has to compete in a sea of alts that many do indeed have lower tx fees and faster conf.... They don't have more secure tx's or more stable currencies than bitcoin however and the reason why it is worthwhile spending 2-4 pennies more to instantly get in the next block.

Except if everyone else does it as well. Then you're stuck.

BitUsher

legendary

Activity: 994

Merit: 1035

Quote from: Ibian on March 03, 2016, 08:38:15 AM

Can someone explain why people are complaining about the ability to send any amount of money anywhere in the world in about an hour without having to ask a middleman for permission?

To be fair , Bitcoin has to compete in a sea of alts that many do indeed have lower tx fees and faster conf.... They don't have more secure tx's or more stable currencies than bitcoin however and the reason why it is worthwhile spending 2-4 pennies more to instantly get in the next block.

BitconAssociation

newbie

Activity: 42

Merit: 0

Quote from: mainpmf on March 03, 2016, 08:34:24 AM

...
Hmm... From what I know scaling bitcoin on the number of visa tx for example would need blocks of 80GB.
If you do it simply by rising block size.

I'll never be as smart as Einstein, so why bother going to school (or as Patient_Bear says, nirvana fallacy)...

Quote from: Ibian on March 03, 2016, 08:38:15 AM

Can someone explain why people are complaining about the ability to send any amount of money anywhere in the world in about an hour without having to ask a middleman for permission?

Because it used to be about ten minutes a few days ago, and going to be fucking impossible soon if this shit keeps up. Also middlemen. You'll need those too

Ibian

legendary

Activity: 2268

Merit: 1278

Can someone explain why people are complaining about the ability to send any amount of money anywhere in the world in about an hour without having to ask a middleman for permission?

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: mainpmf on March 03, 2016, 08:34:24 AM

Quote from: Fatman3001 on March 03, 2016, 08:21:44 AM

That's not true.

Can't explain. Number of fucks given rapidly approaching zero.

Hmm... From what I know scaling bitcoin on the number of visa tx for example would need blocks of 80GB.
If you do it simply by rising block size.

Anyway zero fuck given won't convince people Tongue

Will people get their heads out of their asses and stop talking about VISA and coffee cups. You can't buy anything with Bitcoin, so neither should be a problem.

It's about making sure the darn thing works. NOW!

mainpmf

sr. member

Activity: 448

Merit: 250

Quote from: Fatman3001 on March 03, 2016, 08:21:44 AM

That's not true.

Can't explain. Number of fucks given rapidly approaching zero.

Hmm... From what I know scaling bitcoin on the number of visa tx for example would need blocks of 80GB.
If you do it simply by rising block size.

Anyway zero fuck given won't convince people Tongue

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: BlindMayorBitcorn on March 03, 2016, 08:15:02 AM

Quote from: Fatman3001 on March 03, 2016, 08:09:43 AM

People are still mainly paying 0.0001 in fees. Big and small.

They haven't heard about the fee market. Stuff just doesn't work properly.

When will this retarded experiment end....

What's that got to do with ETH tho?

Gravity should take care of eth soon. But it won't help BTC much. All the traders who's been waiting for the pre-halving pump are stuck in traffic.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: valta4065 on March 03, 2016, 08:17:51 AM

Quote from: Fatman3001 on March 03, 2016, 08:09:43 AM

People are still mainly paying 0.0001 in fees. Big and small.

They haven't heard about the fee market. Stuff just doesn't work properly.

When will this retarded experiment end....

What's your solution though?

Bigger blocks aren't a solution. We'd have to rise the size of the block every 6 months. It wouldn't be sustainable.

That's not true.

Can't explain. Number of fucks given rapidly approaching zero.

valta4065

hero member

Activity: 826

Merit: 500

Join @Bountycloud for the best bounties!

Quote from: Fatman3001 on March 03, 2016, 08:09:43 AM

People are still mainly paying 0.0001 in fees. Big and small.

They haven't heard about the fee market. Stuff just doesn't work properly.

When will this retarded experiment end....

What's your solution though?

Bigger blocks aren't a solution. We'd have to rise the size of the block every 6 months. It wouldn't be sustainable.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: Fatman3001 on March 03, 2016, 08:09:43 AM

People are still mainly paying 0.0001 in fees. Big and small.

They haven't heard about the fee market. Stuff just doesn't work properly.

When will this retarded experiment end....

What's that got to do with ETH tho?

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

People are still mainly paying 0.0001 in fees. Big and small.

They haven't heard about the fee market. Stuff just doesn't work properly.

When will this retarded experiment end....

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

stoat

sr. member

Activity: 686

Merit: 270

FREEDOM RESERVE

Polite suggestion....

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Quote from: marcus_of_augustus on March 03, 2016, 07:08:36 AM

https://bitcointalksearch.org/topic/bitcoin-9000-a-long-term-scaling-plan-1382884

small heads up for anyone thinking of shorting ... i'm getting a bit of 'bolt from the blue' scaling solutions vibe that has been building up recently, not just this paper but there has been some interesting novel approaches increasingly out of left field, only a naive pessimist would suggest upgrading bitcoin's capacity is an intractable problem, be careful what you wish for.

BldSwtTrs

legendary

Activity: 861

Merit: 1010

Quote from: AlexGR on March 03, 2016, 05:06:17 AM

Quote from: cbeast on March 03, 2016, 03:41:13 AM

Bitcoin is abdicating its first mover status as electronic cash by not allowing the consumer market to make general purchases. Others will gladly take its place and enjoy the liquidity.

Well:

https://www.paypal.com/webapps/mpp/merchant-fees

Have they killed general purchases?

They are doing 230 bn USD in annual transactions.

And somehow BTC's 0.01-0.05$ (depending priority) fees are a problem? For real?

That's just no just fees, the big problem is the delays.

This morning I did a transaction which is now stuck somewhere in the Internet. Too bad, that was urgent. For my next transactional need I won't use Bitcoin which is now unreliable, but some other altcoins.

Congratulations, huge retards small blockists, you are killing Bitcoin. That what you wanted all along, isn't it?

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

https://bitcointalksearch.org/topic/bitcoin-9000-a-long-term-scaling-plan-1382884

small heads up for anyone thinking of shorting ... i'm getting a bit of 'bolt from the blue' scaling solutions vibe that has been building up recently, not just this paper but there has been some interesting novel approaches increasingly out of left field, only a naive pessimist would suggest upgrading bitcoin's capacity is an intractable problem, be careful what you wish for.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Quote from: marcus_of_augustus on March 03, 2016, 12:40:10 AM

Quote from: BayAreaCoins on March 03, 2016, 12:29:58 AM

Quote from: Chef Ramsay on March 03, 2016, 12:21:21 AM

Quote from: BayAreaCoins on March 03, 2016, 12:11:18 AM

Well I bought a metric fuckton of futures in the low $430's/high $420's

See yall in the morning.

We're bleeding but I think you did the right thing at this point. That was an interesting all-in point I must say but we going back up in a large part.

I had it in my head since a few days ago on a solid long + a solid short... going for a hat trick this week.

Quote from: BayAreaCoins on February 26, 2016, 02:19:03 AM

I wouldn't be overly shocked to see $450's in the near future.

Quote from: BayAreaCoins on February 29, 2016, 02:28:48 AM

Opened a few shorts and off to bed.

Might be a shit show if there is a dip going into Monday.

Should have a nice buy back in the low $430s. (OKCoin futures)

If I get pwned I get pwned, but someone is buying a shit ton of quarterly futures on OKCoin atm.

$1,000,000 worth are in the process of getting swapped around @ $428. $400,000 remaining.

you'll be sweet ... buying in on the classic big-block capitulation point looks like a winning trade to me.

Futures wall eaten. Looking better

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19118. (Read 26608070 times)