Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19131. (Read 26607997 times)

Laughing about a business seeking to optimize the value of the expenditures it makes brands you as someone unknowledgeable about how to run a business. That's all.

I'm getting tired as fuck of this slowpoke action.
DUMP OR PUMP PLEASE IDC!!

Anyone else thinking that we will see some serious price action on the exchanges within 48 hours?
It has been quiet for too long...

Goodness gracious , does it really need to be explained?
No, MSFT isn't evil, they aren't the  Illuminati or lizard people bent on destroying Vitalik. They are simply a for profit corporation. I am judging their behavior based upon a very long history of past behavior. Yes, there is a small chance MSFT will simply buy ETH from Vitalik and the other 16 year old investors at grossly exaggerated prices... a 0.0000001% chance , sure ... but doing so would be irrational and against their interests. The most I could see them doing is, possibly forking the ethereum chain adding their own patents to it, and possibly poaching a few devs  away from ethereum.

It is their usual policy. It isn't evil, but smart and cutthroat. I am not attacking them, just waking up some naive investors into the likely outcome. If Ethereum is to succeed they need to expect to compete with MSFT eventually. If Bitcoin is to succeed , it will have to compete with at least some fiat currencies. (unlikely to dominate over fiat ever or anytime soon )

Blockstream also is a profit motivated company. The employees have set up the corporation differently however to insure their motivations are aligned with Bitcoin by locking up their large holdings of BTC. This doesn't mean that their vision or plans are necessarily correct.(I believe they do have a better roadmap, but time will tell) . This also doesn't mean they aren't also motivated to make tons of profit from selling consulting services and other sidechain products. We should be on guard with this and support many implementations (Bitcore, libbitcoin, ect...) and be very careful there are multiple payment channel solutions that are open source and equally accessible to all users. This means Bitpay needs to immediately finish developing "impulse" channel and WTF is coinbase doing without at least investigating a payment channel solution, and sitting by allowing people to steal from them with their weak 0 conf algo's that are easily defeatable.

Coin



Explanation

Hahahahaha... Thanks for your further clarification, and I will also further clarify that I really have no intention to buy any ethereum, but I mentioned some conditions that may cause me to consider the matter of whether to buy Ethereum which I doubt that Ethereum will be come close to even being able to meet some of my various other unstated conditions anytime in the near future, which like you suggested is either passing the smell test or giving some sense that there could arguably be some kind of monetizeable future that would allow it to keep anywhere near it's marketcap value...

But you are suggesting that very thing to explain Microsofts interest in Ethereum?

Do you think that maybe there is a possibility this isnt their intention?

Who suggested that? I have a healthy amount of skepticism for everyone , including them. The fact that I keep repeating we should have multiple implementations working with coopertition should give you a hint, but no , they aren't the Illuminati or lizard people plotting to destroy bitcoin.


Ethereum has no future. Please investigate into the details before buying any.

And yet you see Blockstreams influence over Bitcoin as entirely benign?  I cannot fathom how you maintain such a balanced one-dimensional view.

O.k.  Thank you for that link.  I will eat my words to some extent regarding my surprise regarding the number of transactions per day.


I don't really know too much about Ether or care too much about Ether, and I get the sense that they are overly centralized, overly hyped with a snot nosed kid (who is overly deified as a supposed boy wonder "genius").  So, I am partly going based on my sense of things and my sense that Ether could be a lot like Ripple in regards to its hype and then ultimate failure (which is still to be seen).

Surely, wonderful if Ethereum succeeds in a variety of ways.  I have no problem with the potential success of Ethereum, and I have no problem that it could legitimately take away a lot of market share from bitcoin.   I am not buying any ethereum at the moment, but I may consider buying if they reach a sustainable market cap over a billion for 6 months or more or they become better linked in terms of liquidity and ways to get in and out... But, yeah, I have no problem that some people may be getting rich of the pumping of Ethereum.. good for them.

Edit:  Don't take it personally that I had expressed some skepticism regarding your post about Ethereum.... because partially my overreaction comes from not really knowing or caring; however, I don't think that any of us participating in this thread needs to really know too much about Ethereum because this is a bitcoin thread... hahahahahahaha  (mostly)   

I'm not pumping ETH , and believe it is going to crash in the next month or two and has little practical use but they do have 20k in txs a day --

https://etherscan.io/charts/tx

Why would this surprise you? ... Ether is likely to become extremely tx heavy because of the nature of it being used as "fuel" for scripts which is one thing that is likely to kill its potential as well.. The blockchain size is growing at an alarming pace. 1GB per month and rising

Yeah, right  


Where's your evidence that Eth is doing 20k per day?    Where the fuck are they going to accomplish that?  I am not doubting that ETH has potential, but I really doubt that at this time ETH is anywhere near 20k actual transactions per day... or anywhere near approaching 5% or greater of the actual number of BTC transactions ... and the blockchain does not capture all of BTC's transactions (only the ones on the blockchain).

Coin



Explanation

Around 20k per day. bitcoin is averaging 264k now.

antpool still mining 0 tx blocks. If they were so concerned with the tx capacity you would think they would pause their miners for a few seconds every now and than.

https://blockchain.info/block/0000000000000000025b366b6254a7d89c61658502b346bfc7e91cecebd96df8

You need to catch up with the pull requests. Modern wallets dynamically adjust fees without users needing to look them up. These are old features. What wallet do you use?



It is simply a fact that many miners sell a percentage of their mined Alts for BTC and it usually is less expensive to pay the 4  pennies difference than exchange fees. My statement doesn't assume this will always be the case and me mentioning it was merely to reflect that if the company was trying to best serve their clients current needs they would simply tack on the extra btc fee instead of making a political statement motivated because they are likely a large altcoin bagholder.

How many tx per day is ETH doing?