...and we're still above $420. Dafuq 
bitcoin = #bizarroworld
watch it crumble when its confirmed the some of the Blockstream guys have veto power.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19193. (Read 26608676 times)
February 25, 2016, 10:56:22 AM
bitcoin = #bizarroworld
watch it crumble when its confirmed the some of the Blockstream guys have veto power.
February 25, 2016, 10:54:51 AM
...and we're still above $420. Dafuq
bitcoin = #bizarroworld
February 25, 2016, 10:50:25 AM
I think I finally understand the true nature of this controversy: Smallblockers are Jacobites.
A little background: Jacobites are those that claim that the Royal Family of England are not the true heirs because somewhere way back, the rules of succession were not properly followed and the Elector of Hanover was crowned king mainly because he wasn't Catholic. Jacobites are correct, but what they don't seem to understand is that it doesn't matter at all. At this point in history nobody is going to take the crown off of Lizzy and plop in onto Prince Alois of Lichtenstein or whoever. Not. gonna. happen. Rules of succession were made to ensure orderly transition of power, not the other way around.
In our version, Smallblockers think that non-core code is by definition not Bitcoin. So if the miners adopt Classic (or whatever), that network of miners, nodes, exchanges, wallets, etc is no longer Bitcoin. AGAIN, that may be literally true (if you accept that definition) but it won't matter at all. The true definer of consensus is reality. Will that network be viable? I don't know the answer to that, but it is virtually certain that the jacobite (Core) fork will not. Hashpower secures the network.
A little background: Jacobites are those that claim that the Royal Family of England are not the true heirs because somewhere way back, the rules of succession were not properly followed and the Elector of Hanover was crowned king mainly because he wasn't Catholic. Jacobites are correct, but what they don't seem to understand is that it doesn't matter at all. At this point in history nobody is going to take the crown off of Lizzy and plop in onto Prince Alois of Lichtenstein or whoever. Not. gonna. happen. Rules of succession were made to ensure orderly transition of power, not the other way around.
In our version, Smallblockers think that non-core code is by definition not Bitcoin. So if the miners adopt Classic (or whatever), that network of miners, nodes, exchanges, wallets, etc is no longer Bitcoin. AGAIN, that may be literally true (if you accept that definition) but it won't matter at all. The true definer of consensus is reality. Will that network be viable? I don't know the answer to that, but it is virtually certain that the jacobite (Core) fork will not. Hashpower secures the network.
your ability to relate anything to bitcoin's current situation is amazing.
anyway,
i was trying to explain the situation to my dad, and he kept bugging on " everyone will just stick to Bitcoin the original if there's no consensus. " i didnt have time to finish the convo i had to run out the door, but here what i will tell him tomorrow.
"
that is not what will happen
forget it, "Bitcoin the original" doesn't exist even today.
either we all come together ( segwit + 2MB ) and call it bitcoin with Core as the "government"
or there will be a fork, and each impl will change in their own way.
there is no "original" there is only 2 new coins Core and Classic
each with their own hashing power, each with there own new impls.
this should be avoided, but at this point miners are on the brink.
I know you like the Idea of bitcoin being the "Backbone" to a second layer, but >80% of the hashing power disagrees.
I for one will not fallow Mr Blue hair and BS BlockStream team ( whose president is nowhere to be found -_- )
maybe i'm going nuts! ( it wouldn't be the first time, and it sure as hell won't be the last )
but i think it would be prudent to make damn sure ALL your coins are under your control, incase the fork happens tomorrow.
"
hahahahahaha...
Listen to your dad... he sounds correct, even if he doesn't really know what he is talking about.
There is generally a presumption of maintaining the status quo, and probably, that is the point that he is making regarding saying bitcoin the original will live on. hahahahaha
YOU GO>>>>>>>>> DADDY AdamstgBit!!!!!!!!!!
Most miners, particularly Chinese miners don't give a shit about Bitcoin other than as a revenue source. They will perpetuate the status quo as long as it makes them money and not a second longer. Already you see some of them trying to find a face-saving way to back out of the Roundtable Consensus because they know or suspect that it's too little too late for scaling and that Core won't ever honor it anyway. In fact, according to their own rules, they CAN'T honor it.
The status quo is good for BTC price until blocks are full and then it's bad. Blocks are almost full. The future is full of uncertainty. Markets hate uncertainty.
blocks are completely full
every single one
my 1cent fee tx has yet to be mined
CB's maths are wrong.
last week blocks were running in 80%, this week we are seeing them running upper 90's all day and night .. places everybody!
February 25, 2016, 10:48:28 AM
Adam told you it wasn't. Close to a month ago, but don't mention that,
'Course (iirc) he also offered a fix for the issue, but don't mention that.
Yep, better to see if the angry mob can be used to fuck with the price a bit more. /s
if there's an angry mob it's not because of 1 small oversight.
I was and still am perfectly willing to support segwit.
i'm angry because, we had this agreement and now it's falling apart, who's making it fall apart? Blockstream guys...
BTW, has it been confirmed that Blockstream can/have veto the agreement???
February 25, 2016, 10:47:23 AM
I think I finally understand the true nature of this controversy: Smallblockers are Jacobites.
A little background: Jacobites are those that claim that the Royal Family of England are not the true heirs because somewhere way back, the rules of succession were not properly followed and the Elector of Hanover was crowned king mainly because he wasn't Catholic. Jacobites are correct, but what they don't seem to understand is that it doesn't matter at all. At this point in history nobody is going to take the crown off of Lizzy and plop in onto Prince Alois of Lichtenstein or whoever. Not. gonna. happen. Rules of succession were made to ensure orderly transition of power, not the other way around.
In our version, Smallblockers think that non-core code is by definition not Bitcoin. So if the miners adopt Classic (or whatever), that network of miners, nodes, exchanges, wallets, etc is no longer Bitcoin. AGAIN, that may be literally true (if you accept that definition) but it won't matter at all. The true definer of consensus is reality. Will that network be viable? I don't know the answer to that, but it is virtually certain that the jacobite (Core) fork will not. Hashpower secures the network.
A little background: Jacobites are those that claim that the Royal Family of England are not the true heirs because somewhere way back, the rules of succession were not properly followed and the Elector of Hanover was crowned king mainly because he wasn't Catholic. Jacobites are correct, but what they don't seem to understand is that it doesn't matter at all. At this point in history nobody is going to take the crown off of Lizzy and plop in onto Prince Alois of Lichtenstein or whoever. Not. gonna. happen. Rules of succession were made to ensure orderly transition of power, not the other way around.
In our version, Smallblockers think that non-core code is by definition not Bitcoin. So if the miners adopt Classic (or whatever), that network of miners, nodes, exchanges, wallets, etc is no longer Bitcoin. AGAIN, that may be literally true (if you accept that definition) but it won't matter at all. The true definer of consensus is reality. Will that network be viable? I don't know the answer to that, but it is virtually certain that the jacobite (Core) fork will not. Hashpower secures the network.
your ability to relate anything to bitcoin's current situation is amazing.
anyway,
i was trying to explain the situation to my dad, and he kept bugging on " everyone will just stick to Bitcoin the original if there's no consensus. " i didnt have time to finish the convo i had to run out the door, but here what i will tell him tomorrow.
"
that is not what will happen
forget it, "Bitcoin the original" doesn't exist even today.
either we all come together ( segwit + 2MB ) and call it bitcoin with Core as the "government"
or there will be a fork, and each impl will change in their own way.
there is no "original" there is only 2 new coins Core and Classic
each with their own hashing power, each with there own new impls.
this should be avoided, but at this point miners are on the brink.
I know you like the Idea of bitcoin being the "Backbone" to a second layer, but >80% of the hashing power disagrees.
I for one will not fallow Mr Blue hair and BS BlockStream team ( whose president is nowhere to be found -_- )
maybe i'm going nuts! ( it wouldn't be the first time, and it sure as hell won't be the last )
but i think it would be prudent to make damn sure ALL your coins are under your control, incase the fork happens tomorrow.
"
hahahahahaha...
Listen to your dad... he sounds correct, even if he doesn't really know what he is talking about.
There is generally a presumption of maintaining the status quo, and probably, that is the point that he is making regarding saying bitcoin the original will live on. hahahahaha
YOU GO>>>>>>>>> DADDY AdamstgBit!!!!!!!!!!
Most miners, particularly Chinese miners don't give a shit about Bitcoin other than as a revenue source. They will perpetuate the status quo as long as it makes them money and not a second longer. Already you see some of them trying to find a face-saving way to back out of the Roundtable Consensus because they know or suspect that it's too little too late for scaling and that Core won't ever honor it anyway. In fact, according to their own rules, they CAN'T honor it.
The status quo is good for BTC price until blocks are full and then it's bad. Blocks are almost full. The future is full of uncertainty. Markets hate uncertainty.
the battle of price between the halvening and bitcoin dont scale .... i do not see how it matters how many coins are being mined if this thing doesnt scale. if the blocks fill up as we approach halvening, we might see some bitcoin chaos.. this should be awesome .
February 25, 2016, 10:35:24 AM
Damn! Blocks are fucking full! I've got and important tx waiting for its third confirmation for ages ><
best post of the day goes to xslugx! #GimpedCoin
February 25, 2016, 10:31:05 AM
No more theft than a landlord charging you rent. Stop it with the entitled bullish, snowflake. You live here, we keep it nice. You pay rent or GTFO.
>what are u a govy shill ??
If you only knew, Earthling, if you only knew...
>what are u a govy shill ??
If you only knew, Earthling, if you only knew...
just remember who pays your shilling wages ... we get the final say if our stolen money was well spent, however much you might like to blow it on spying and manipulating the public, we will get our dues, either by courts or hang-ropes
they are in their final acts of desperation with the 'negative interest rates' is federal reserve ammo and 'cashless society' is for anti-terrorism anti-laundering .. the reason they have to steal money is because they are a cheesy bankrupt govy that has no intelligence to figure out a better way .. because they are so far in debt and bankrupt after years of "trusting in god" for the federal reserve to manipulate everything is the reason why they have to steal from All of US. i have the same attitude, if they dont like the color of the sun they can GTFO ... people should be piling into gold and silver while it is manipulated lower by a govy that has no other choice but who are running out of physical metals to keep their game going as their 'interest to infinity' debt slavery system continues to FAIL. .......and..their #abusivehightaxes are playing a major role in why the economy was unable to get out of recession after all that QE and we are slowing down again as people cant make their car payments and car repos start to soar ... we are watching their 'interest to infinity' debt slavery system implode even as their shill turds talk trash to us about how they are justify their #abusivehightaxes as rent we owe them .
February 25, 2016, 10:03:41 AM
Just curious. Who of you is hedged in ETH?
So because of current scaling issues, people will go to a currency that scales even worse? No thanks, I ll pass on the hopium. Quote
[X] yes
[ ] no
[ ] no, but plan to
[ ] no
[ ] no, but plan to
February 25, 2016, 10:00:48 AM
February 25, 2016, 09:51:01 AM
Just curious. Who of you is hedged in ETH?
Stop it with your ETH pumping. So what if it went up 14% Quote
[X] yes
[ ] no
[ ] no, but plan to
[ ] no
[ ] no, but plan to
in the past 24hrs, what's your point?There's no need for "pumping".
I really like the overflow analogy, because it describes best what actually happens. You can prove for yourself by simply comparing marketcaps of certain high profile coins to bitcoin.
February 25, 2016, 09:31:45 AM
February 25, 2016, 09:02:12 AM
Just curious. Who of you is hedged in ETH?
Stop it with your ETH pumping. So what if it went up 14% Quote
[X] yes
[ ] no
[ ] no, but plan to
[ ] no
[ ] no, but plan to
in the past 24hrs, what's your point? February 25, 2016, 09:00:48 AM
February 25, 2016, 08:56:00 AM
Just curious. Who of you is hedged in ETH?
Quote
[X] yes
[ ] no
[ ] no, but plan to
[ ] no
[ ] no, but plan to
February 25, 2016, 08:53:13 AM
So now blocks have room again?
I'm confused.
I'm confused.
This is not hard to understand, sometimes they are full, sometimes not. Soon, they will be full all the time.
Yup, think of bitcoin as a piss bucket, connected to the sewer line with a plastic hose, roughly the size of an IV line. When people in the public toilet (mempool) piss in the bucket (transact), it fills up, but, simultaneously, the bucket drains itself into the sewer.
But only as fast as the IV line can pass the piss.
At roughly 3peepees, the bucket reaches equilibrium: the pee pee flows out as quickly as it flows in. The toilet attendant (miners) stands as a century by the pee bucket -- he has the power to make you wait and squirm (not include your tx).
Occasionally, the seamy bus terminal where this wholly repulsive public toilet is located gets deserted (police sweeps; also because really gross & no self-respecting human being would ever be seen there).
During those times, the bucket is empty.
And also empty when the sickfuck toilet attendant decides to teach everybody a lesson & not let anyone pee (mine empty blocks) -- because gets paid 25 BTC every 10 minutes anyhow, your paltry tips (tx fees) amount to shit.
February 25, 2016, 08:27:55 AM
So now blocks have room again?
I'm confused.
I'm confused.
This is not hard to understand, sometimes they are full, sometimes not. Soon, they will be full all the time.
February 25, 2016, 08:26:49 AM
Progress 
https://coin.dance/nodes
Maybe Core 0.12.0 nodes have the power to purge the mempool of evol? https://np.reddit.com/r/btc/comments/47dh6b/24_hours_of_running_results_in_40k_txns_in_the/
https://coin.dance/nodes
So now blocks have room again?
I'm confused.
I'm confused.
Maybe Core 0.12.0 nodes have the power to purge the mempool of evol? https://np.reddit.com/r/btc/comments/47dh6b/24_hours_of_running_results_in_40k_txns_in_the/
February 25, 2016, 08:19:05 AM
So now blocks have room again?
I'm confused.
I'm confused.
February 25, 2016, 08:00:49 AM
February 25, 2016, 07:00:49 AM
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