So now blocks have room again?
I'm confused.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19195. (Read 26608908 times)
February 25, 2016, 08:19:05 AM
February 25, 2016, 08:00:49 AM
February 25, 2016, 07:00:49 AM
February 25, 2016, 06:29:56 AM
Are all zero fee transactions included in Litecoin, Dash, monero, etherium? Bitcoin is losing market share because competitors are underpricing us.
I'm sure they'd be ever so excited to receive any actual transactions regardless of fees.
Whell, at least they got a monero logo placed on the top thread of both r/btc and r/bitcoin for most of today... nice work iCE.
That's fucking hilarious.
The Venn diagram of Monero is pure genius (and represents the tip of an inverted 3-sided Exter Pyramid). I expect the Redditurds will react to it like apes to the monolith in 2001.
Actually, nobody gives a flying fuck about your pet altcoin.
February 25, 2016, 06:05:06 AM
blocks are completely full
every single one
my 1cent fee tx has yet to be mined
every single one
my 1cent fee tx has yet to be mined
They are full precisely because almost all near-zero fee transactions are currently included.
Are all zero fee transactions included in Litecoin, Dash, monero, etherium? Bitcoin is losing market share because competitors are underpricing us.
Just open a block explorer and you'll see LTC and DASH has like 4-5-6 tx/block, monero is at 0-1.
BTC does like 2000 txs/block.
You are either gaining market share or you are losing it. It doesn't matter how far of a lead you have. if your competitor is picking up speed and you are slowing down, in a long enough race, you will lose.
no coin has had the heat thrown at it that bitcoin has ... if any of them get big enough to warrant more than a 'meh' then the blow torch comes on them.
I want to see the BS of V. Buterin explode into a full-blown internet rage war, PoS ethereum is going to encourage some truly sick politicking, you thought PoW chinese miners was an 'issue'?
No coin...yet. We seem to be talking past each other. Look, there can be only one "most marketable commodity" by definition. Another word for that term is "money". In order for something to be marketable, you have to be able to bring it to market. To exchange it. NO cryptocoin is money yet, but no cryptocoin will ever become money if it can't be exchangeable in the frequencies money needs to be exchanged.
If Etherium has more utility due to smart contracts, turing completeness or whatever, it will gain market share faster. PoS has serious problems and I've always said that, but it turns our PoW also has a serious problem: Chinese electricity and labor cost advantages means ANY PoW plan may result in the same loss of censorship resistance Bitcoin is experiencing with mining overdevelopment and concentration in one political jurisdiction.
Caspar? POS? Vitalik's a cowboy. Will any of that even blend?
If Ethereum manages to prove that PoS is safe on a large scale, Bitcoin might have to move to PoS as well.
Have there been any examples of PoS coins running in a true decentralized way?
Maybe Nxt, Peercoin certainly isn't. But those tiny shitcoins don't prove much.
It needs to be proven to handle large economic actors as well as a large number of users and large numbers of bad actors.
Ethereum is interesting in that it's not a currency, so a double spend or similar won't fundamentally harm its raison d'être.
That way they can afford to risk running an unproven technology like this, whereas Bitcoin can't.
February 25, 2016, 06:00:49 AM
February 25, 2016, 05:54:36 AM
February 25, 2016, 05:53:54 AM
blocks are completely full
every single one
my 1cent fee tx has yet to be mined
every single one
my 1cent fee tx has yet to be mined
They are full precisely because almost all near-zero fee transactions are currently included.
Are all zero fee transactions included in Litecoin, Dash, monero, etherium? Bitcoin is losing market share because competitors are underpricing us.
Just open a block explorer and you'll see LTC and DASH has like 4-5-6 tx/block, monero is at 0-1.
BTC does like 2000 txs/block.
You are either gaining market share or you are losing it. It doesn't matter how far of a lead you have. if your competitor is picking up speed and you are slowing down, in a long enough race, you will lose.
no coin has had the heat thrown at it that bitcoin has ... if any of them get big enough to warrant more than a 'meh' then the blow torch comes on them.
I want to see the BS of V. Buterin explode into a full-blown internet rage war, PoS ethereum is going to encourage some truly sick politicking, you thought PoW chinese miners was an 'issue'?
No coin...yet. We seem to be talking past each other. Look, there can be only one "most marketable commodity" by definition. Another word for that term is "money". In order for something to be marketable, you have to be able to bring it to market. To exchange it. NO cryptocoin is money yet, but no cryptocoin will ever become money if it can't be exchangeable in the frequencies money needs to be exchanged.
If Etherium has more utility due to smart contracts, turing completeness or whatever, it will gain market share faster. PoS has serious problems and I've always said that, but it turns our PoW also has a serious problem: Chinese electricity and labor cost advantages means ANY PoW plan may result in the same loss of censorship resistance Bitcoin is experiencing with mining overdevelopment and concentration in one political jurisdiction.
Caspar? POS? Vitalik's a cowboy. Will any of that even blend?
If Ethereum manages to prove that PoS is safe on a large scale, Bitcoin might have to move to PoS as well.
Have there been any examples of PoS coins running in a true decentralized way?
February 25, 2016, 05:46:03 AM
O.k. Well, maybe I do not understand the facts, enough. I thought that classic mined less than 10 blocks, so far...
And, if there are like 10 blocks a day mined by classic, then maybe it could become more significant, no?
And, if there are like 10 blocks a day mined by classic, then maybe it could become more significant, no?
Sayin' this coz I didn't know it until now ...
My core node's debug log shows the number of blocks mined over version 4 in the last 1000.
At the moment it's 8
edit: oops. that was a screwup.
It's 8 of the last 100 blocks. Not as useful as i thought.
February 25, 2016, 05:40:38 AM
Imagining iCEBREAKER, kicking back after a long day of R3KTing gavinista lolcows... finds relaxation in crappy sitcoms, now that's funny. 
I only watch really good sitcoms. No basic crap like BBT. Peep Show if nothing else is out. Did you see the Portlandia with Matt Berry?
Are you grumpy because Samson Mow is sending up the Gavinistas with such great aplomb? Gee, that's just too bad!
February 25, 2016, 05:00:46 AM
February 25, 2016, 05:00:42 AM
ok, so you've dialed back on the "conspiracy" and doubled-down on "conflict of interest" ... now would it blow your mind too much if the "conflict of interest" was a misinterpretation of the fact that blockstream founders understood the technical limits of bitcoin before anyone else and decided to build a company knowing they had to build within those limitations?
and chumps like Brian Armstrong never understood the tech too deeply but knew he wanted to make mega-bucks and would do whatever it took?
Nailed it.
February 25, 2016, 04:59:31 AM
blocks are completely full
every single one
my 1cent fee tx has yet to be mined
CB's maths are wrong.
every single one
my 1cent fee tx has yet to be mined
CB's maths are wrong.
I had to wait the whole night for my tx to go through. First time I need to wait so long :-/
Anything from 0.02$+ confirms fast, as proved, and even 0.01$ confirms in a few hours.
Again: This is ridiculously low fees. The fact that transactions are even included at these rates is a market failure of shorts.
Question of point of view. 1 cent for a 1$ tx is 1%. Not a ridiculous amount.
You can have 250.000 txs per day moving around 1 dollar on avg (daily volume = 250k$), or you could be moving 1000$ (daily volume = 250mn $).
It's a choice.
And scaling can't go 1000x - I mean Gavin can't come up with 1GB blocks to produce 250mn transactions per day of avg 1 dollar.
I see your point. But BTC is not used for massive tx. In fact its reputation is rather the contrary: being able to send small amounts to people. This comes from all the faucets and ponzi shits.
Massive is like millions, not hundreds or thousands. But then again, these are relative terms, so...
February 25, 2016, 04:55:03 AM
Damn! Blocks are fucking full! I've got and important tx waiting for its third confirmation for ages ><
Not sure if newbie or troll, but i'll give you the benefit of the doubt.
Third conf has absolutely nothing to do with full blocks.
February 25, 2016, 04:50:38 AM
blocks are completely full
every single one
my 1cent fee tx has yet to be mined
CB's maths are wrong.
every single one
my 1cent fee tx has yet to be mined
CB's maths are wrong.
I had to wait the whole night for my tx to go through. First time I need to wait so long :-/
Anything from 0.02$+ confirms fast, as proved, and even 0.01$ confirms in a few hours.
Again: This is ridiculously low fees. The fact that transactions are even included at these rates is a market failure of shorts.
Question of point of view. 1 cent for a 1$ tx is 1%. Not a ridiculous amount.
You can have 250.000 txs per day moving around 1 dollar on avg (daily volume = 250k$), or you could be moving 1000$ (daily volume = 250mn $).
It's a choice.
And scaling can't go 1000x - I mean Gavin can't come up with 1GB blocks to produce 250mn transactions per day of avg 1 dollar.
I see your point. But BTC is not used for massive tx. In fact its reputation is rather the contrary: being able to send small amounts to people. This comes from all the faucets and ponzi shits.
February 25, 2016, 04:47:41 AM
Guys, can we stick to the thread? I want charts, Doomsday and moon postings. No more HF, segwit and bullshit posts.
What do you think about the price movement? I for once thought the uprise stopped and would slowly decrease. But since we bounced back @415 yesterday I'm not quite sure about that
What do you think about the price movement? I for once thought the uprise stopped and would slowly decrease. But since we bounced back @415 yesterday I'm not quite sure about that
Yes, wishful thinking stopping the various FUD, quasi-off topic and trolling.
I personally have little clue about the price direction on the short term.. with the various ongoing price manipulations that seem to be occurring and even the seemingly relatively speaking low volume.
It would be nice to get some high volume upward price action to bring us past $467, but I am having my doubts about how long it is going to take for such an event to occur because when we have fairly low trade volume with upward and downward girations, we have the sense that there is not a whole hell-a-va lot of passion out there regarding bitcoin pumping (to get us to move upwards), and when low volume is sustained, then the price is being controlled by a fairly small amount of capital, which means that BTC prices can be driven down with a few thousand coins dumped over a few hours.
Surely, the whales need more than a few thousand coins and capital to control bitcoin prices, but relatively speaking, it is not a lot when the volume is so low on an ongoing basis.
Accordingly, if there is high trade volume with upward price movement (for example, averaging more than 15k coins per day on Bitstamp for more than a week), then that level of trade volume signifies that we have a pretty decent BTC price battle going on (and some passion in the fight between the bears and the bulls)... otherwise if there is not a passionate battle, then little by little bears can control and manipulate and surprise with dumps...
To me, I kind of assess that we have not experienced such a sustained BTC price battle for more than 8 weeks... so can become a bit nerve racking.. to witness the bears kind of controlling and the FUD receiving too much attention... and the passion for upward movement is not quite high enough to cause upward umph.
Prior to 8 weeks ago, we had about 20 weeks of a decent and sustained trade volume which really was a price battle that brought us to our current approximate floating price (largely floating between the $360s and the $460s during this kind of waiting and see period.. maybe even a kind of consolidation range.. at least for the moment, until passion increases... which will come, sooner or later.. hopefully sooner...
).Thank you! I think that sums up the past few weeks. Like you said, the volume is quite low. I'll see if the price will drop a little further
I think we'll see 410 again, this week. You guys think it could slip to 370-380 for a day and recover quickly? Too much support? I'd love that idea of buying them cheap
I am becoming a bit bearish on the short term (maybe 52.5% down and 47.5% up - I mean like a 5%-10% correction), but really, I don't know.. I just have an inclination.
My inclinations can be quite wrong, sometimes. In mid-November, I recall around $300 waiting for BTC prices to go below $300 and waiting for the push below $300, and sometimes the price just won't go lower. We cannot always really know for sure when the bears have run out of ammo or willpower or whatever it is that then causes the price to resume its upward trajectory.
Personally, I think that you should have enough ammo that you can continue to buy on the way down, if prices go there, but also, you should be prepared for prices to go upwards too (so never sell all or even a large majority of your stash.. better to buy and sell in increments, possibly of less than 10% of your stash - unless you really are convinced and have some solid insight for some reason).
I have enough ammo if prices go below $360, but really that is not the preferable direction because most of my ammo is prepared for upwards, and we cannot really know, which way it is going to go..
Once we are in BTC, for our own sanity, if we want to stay in BTC for the long-term, we can only prepare for both price directions because that seems to be likely to continue for quite some time into the future.
February 25, 2016, 04:45:38 AM
blocks are completely full
every single one
my 1cent fee tx has yet to be mined
CB's maths are wrong.
every single one
my 1cent fee tx has yet to be mined
CB's maths are wrong.
I had to wait the whole night for my tx to go through. First time I need to wait so long :-/
Anything from 0.02$+ confirms fast, as proved, and even 0.01$ confirms in a few hours.
Again: This is ridiculously low fees. The fact that transactions are even included at these rates is a market failure of shorts.
Question of point of view. 1 cent for a 1$ tx is 1%. Not a ridiculous amount.
You can have 250.000 txs per day moving around 1 dollar on avg (daily volume = 250k$), or you could be moving 1000$ (daily volume = 250mn $).
It's a choice.
And scaling can't go 1000x - I mean Gavin can't come up with 1GB blocks to produce 250mn transactions per day of avg 1 dollar.
February 25, 2016, 04:42:08 AM
blocks are completely full
every single one
my 1cent fee tx has yet to be mined
CB's maths are wrong.
every single one
my 1cent fee tx has yet to be mined
CB's maths are wrong.
I had to wait the whole night for my tx to go through. First time I need to wait so long :-/
Anything from 0.02$+ confirms fast, as proved, and even 0.01$ confirms in a few hours.
Again: This is ridiculously low fees. The fact that transactions are even included at these rates is a market failure of shorts.
Question of point of view. 1 cent for a 1$ tx is 1%. Not a ridiculous amount.
February 25, 2016, 04:40:14 AM
3) Amount sent $1.00 (.00236 BTC) I Manually added Fee .00001 BTC ($.004) (.00001 BTC per kilobyte) (fee % = 0.4%)
- Was never viewable on receiving end until after completely received / available for use (3 confirmations) after 9 hours / 21 minutes.
- Was never viewable on receiving end until after completely received / available for use (3 confirmations) after 9 hours / 21 minutes.
0.004$.
Not even a cent.
4 tenths of 1 cent.
Confirmed.
Under "full blocks".
I mean wtf.
Actually, in this experiment, I probably should have attempted one transaction without any fees at all, but the blockchain app made me put in some fee, so I chose .00001 BTC per kilobyte.
February 25, 2016, 04:39:17 AM
Guys, can we stick to the thread? I want charts, Doomsday and moon postings. No more HF, segwit and bullshit posts.
What do you think about the price movement? I for once thought the uprise stopped and would slowly decrease. But since we bounced back @415 yesterday I'm not quite sure about that
What do you think about the price movement? I for once thought the uprise stopped and would slowly decrease. But since we bounced back @415 yesterday I'm not quite sure about that
Yes, wishful thinking stopping the various FUD, quasi-off topic and trolling.
I personally have little clue about the price direction on the short term.. with the various ongoing price manipulations that seem to be occurring and even the seemingly relatively speaking low volume.
It would be nice to get some high volume upward price action to bring us past $467, but I am having my doubts about how long it is going to take for such an event to occur because when we have fairly low trade volume with upward and downward girations, we have the sense that there is not a whole hell-a-va lot of passion out there regarding bitcoin pumping (to get us to move upwards), and when low volume is sustained, then the price is being controlled by a fairly small amount of capital, which means that BTC prices can be driven down with a few thousand coins dumped over a few hours.
Surely, the whales need more than a few thousand coins and capital to control bitcoin prices, but relatively speaking, it is not a lot when the volume is so low on an ongoing basis.
Accordingly, if there is high trade volume with upward price movement (for example, averaging more than 15k coins per day on Bitstamp for more than a week), then that level of trade volume signifies that we have a pretty decent BTC price battle going on (and some passion in the fight between the bears and the bulls)... otherwise if there is not a passionate battle, then little by little bears can control and manipulate and surprise with dumps...
To me, I kind of assess that we have not experienced such a sustained BTC price battle for more than 8 weeks... so can become a bit nerve racking.. to witness the bears kind of controlling and the FUD receiving too much attention... and the passion for upward movement is not quite high enough to cause upward umph.
Prior to 8 weeks ago, we had about 20 weeks of a decent and sustained trade volume which really was a price battle that brought us to our current approximate floating price (largely floating between the $360s and the $460s during this kind of waiting and see period.. maybe even a kind of consolidation range.. at least for the moment, until passion increases... which will come, sooner or later.. hopefully sooner...
).Thank you! I think that sums up the past few weeks. Like you said, the volume is quite low. I'll see if the price will drop a little further
I think we'll see 410 again, this week. You guys think it could slip to 370-380 for a day and recover quickly? Too much support? I'd love that idea of buying them cheap
Probably it will recover right away just like it did a while ago when the price hits around the $380 area. This is due to the fact that many bitcoiners will buy it as everyone usually do when the price dips thinking of a possible uptick in price which equally translates to profit.
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