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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19364. (Read 26610922 times)

full member
Activity: 126
Merit: 100
...
It isn't hard to see a perfect storm for bitcoin during times of further turbulence in the major markets ...
It was a dark and stormy night...
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista
It still requires trust, but as you say, for such small amounts its probably a moot  point.  I do actually like it, but I get such a buzz from winding you up that I just had to say it.  Cool

I appreciate your honesty with being a troll... but we really do not need this distraction right now as we need to work together on finding solutions to increasing capacity and scalability.

Is it just me, or does that really make you sound like a sanctimonious git?



It's just you.

hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista

They seem to be 50% of this forum. Gmaxwell buddying up with them in the echo chambers isn't reassuring either.

I have noticed perhaps 2 that may fit that crowd on this forum off the top of my head. The MP crowd doesn't interact much here and typically stay on bitcoin assets. You realize the MP has made death threats against multiple people included Core devs, right? Core devs don't typically get along with that crowd, they have their own ecosystem and own implementation of bitcoin that is separately maintained.

I think most casual observers would be hard pressed to separate the MPfags from the more extreme core fanboys. They occupy the same frequencies on the fundamentalist spectrum. Conversely, most big blockers would simply like the opportunity to choose. The manner in which that has been denied would make any moderate person worry for the governance of Bitcoin.

I've no issue with the label of troll. I was labelled a troll ages ago for merely having the opinion that bitcoin value should be based less on foolhardy speculation and more on utility. So it goes.
legendary
Activity: 1176
Merit: 1000
Bitcoin now has a rather nice flag formation after the rise from 200-500 with little media fanfare. The alt's are waking up and the halving is approaching. The only thing keeping bitcoin back is the blocksize debate which will soon resolve either by a HF with majority of miner support, or with Core acquiescing to the demands of the market and miners (3 weeks!) and fixing a 2mb blocksize HF in the roadmap.

It isn't hard to see a perfect storm for bitcoin during times of further turbulence in the major markets, where negative rates are being introduced in Western economies as central bankers start to lose control. Previously there has been a hunt for return and yield with QE and cheap money post 2008 being used by banks to bid up stock markets and levitate asset prices. ZIRP has turned everyone into a speculator with cash offering negative returns and the markets looking crash prone now bitcoin may start to look mighty attractive as an asset class in the coming months with it's unique monetary properties.

hero member
Activity: 784
Merit: 512
It still requires trust, but as you say, for such small amounts its probably a moot  point.  I do actually like it, but I get such a buzz from winding you up that I just had to say it.  Cool

I appreciate your honesty with being a troll... but we really do not need this distraction right now as we need to work together on finding solutions to increasing capacity and scalability.

Is it just me, or does that really make you sound like a sanctimonious git?



It's just you.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 133
Merit: 100
oh wow i can see a price increase after a long time, i am very happy about it and i hope it will increase even more
legendary
Activity: 994
Merit: 1035

They seem to be 50% of this forum. Gmaxwell buddying up with them in the echo chambers isn't reassuring either.

I have noticed perhaps 2 that may fit that crowd on this forum off the top of my head. The MP crowd doesn't interact much here and typically stay on bitcoin assets. You realize the MP has made death threats against multiple people included Core devs, right? Core devs don't typically get along with that crowd, they have their own ecosystem and own implementation of bitcoin that is separately maintained.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
I appreciate your honesty with being a troll... but we really do not need this distraction right now as we need to work together on finding solutions to increasing capacity and scalability.

There is no such thing as trust less solutions, all we can do is manage trust and mitigate risk. These payment channel are a great piece of the puzzle to the capacity problem.

Well at least you admit it's a problem. That's better than most.


Almost Everyone is working towards greater capacity, we just disagree on the priorities and methods. You are describing the Bitcoin Assets crowd that is 0.00002% of bitcoiners. It is misleading to suggest otherwise. Most want bigger blocks and more capacity and view 7tps as a problem.

They seem to be 50% of this forum. Gmaxwell buddying up with them in the echo chambers isn't reassuring either.
legendary
Activity: 1512
Merit: 1012
monero pump is getting serious...

+47% in 24h
+183% in 72h

and keep pushing. Finally it´s working

legendary
Activity: 994
Merit: 1035
I appreciate your honesty with being a troll... but we really do not need this distraction right now as we need to work together on finding solutions to increasing capacity and scalability.

There is no such thing as trust less solutions, all we can do is manage trust and mitigate risk. These payment channel are a great piece of the puzzle to the capacity problem.

Well at least you admit it's a problem. That's better than most.


Almost Everyone is working towards greater capacity, we just disagree on the priorities and methods. You are describing the Bitcoin Assets crowd that is 0.00002% of bitcoiners. It is misleading to suggest otherwise. Most want bigger blocks and more capacity and view 7tps as a problem.

Is it just me, or does that really make you sound like a sanctimonious git?

My intention is not to offend you, and I am not trying to win any popularity contests, but merely correct false statements and working on reducing some unnecessary hostility by focusing on the facts instead of attacking individuals. I wouldn't have assumed you were a troll without you admitting it. It was worth mentioning because we have enough problems with confusion and people stiring up shit , that the added layer of trolling to get your rocks off isn't helpful.
hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista
It still requires trust, but as you say, for such small amounts its probably a moot  point.  I do actually like it, but I get such a buzz from winding you up that I just had to say it.  Cool

I appreciate your honesty with being a troll... but we really do not need this distraction right now as we need to work together on finding solutions to increasing capacity and scalability.

Is it just me, or does that really make you sound like a sanctimonious git?

legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
It still requires trust, but as you say, for such small amounts its probably a moot  point.  I do actually like it, but I get such a buzz from winding you up that I just had to say it.  Cool

I appreciate your honesty with being a troll... but we really do not need this distraction right now as we need to work together on finding solutions to increasing capacity and scalability.

There is no such thing as trust less solutions, all we can do is manage trust and mitigate risk. These payment channel are a great piece of the puzzle to the capacity problem.

Well at least you admit it's a problem. That's better than most.
legendary
Activity: 994
Merit: 1035
It still requires trust, but as you say, for such small amounts its probably a moot  point.  I do actually like it, but I get such a buzz from winding you up that I just had to say it.  Cool

I appreciate your honesty with being a troll... but we really do not need this distraction right now as we need to work together on finding solutions to increasing capacity and scalability.

There is no such thing as trust less solutions, all we can do is manage trust and mitigate risk. These payment channel are a great piece of the puzzle to the capacity problem.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
monero pump is getting serious...

+47% in 24h
+183% in 72h

and keep pushing. Finally it´s working

Relevant:

https://bitcointalksearch.org/topic/m.13874042

Yes, we know. You're helping gimp Bitcoin so you can get your CP/Drug-coin off the ground.

Hooray!
hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista
Meanwhile ... 21 releases better code using the new CLTV opcode to setup a micro-payments channel to dramatically increase capacity with no need for a blocksize limit increase, and no added network tradoffs. Works with any device and free to use.

https://medium.com/@21/true-micropayments-with-bitcoin-e64fec23ffd8#.t2iij7v71

This will not be as inexpensive and powerful as the lightning network but is a great solution to resolve current capacity "problems" immediately.



"Peer to peer electronic payments without the need for a trusted 3rd party"

Quote
Bitcoin micropayments: as easy as opening a bar tab
How does this technology work? A good analogy is the idea of a bar tab. When you go to a bar, you typically put down a credit card to open a tab, enjoy your food and drinks, and then close out the tab at the end of the night.

Bar tab? You trust the barman not to skim your CC?
You trust the customer to not do a runner?(0-conf,anyone?\)

Do you really think this is better? Is this "moving forward"?

 Huh


The "barman" is merely a payment channel script(not a human) that uses the bitcoin blockchain for an Extremely fine-grained realtime billing.
Quote

Reduces the need for trust. Neither the merchant nor the customer needs much trust in the other person or any third-party, as the same cryptography used to secure regular Bitcoin transactions is used to secure the micropayment channel. Losses in low-trust situations are bounded and quantifiable; the worst a merchant server can do to a client using micropayment channels is to abscond with an initial transaction of 3000 satoshis without delivering a digital good. If compared to the much larger losses that can be incurred by trusting an insecure merchant server with credit card details, this is a step forward. Put another way: while pre-existing trust reduces transaction costs, establishing trust costs time — which is itself a form of transaction cost.


The consumer places the initial deposit in which the merchant can delay delivering a good/service or use other 0 Conf algo's to detect fraud in conjunction with the payment channel if a delay is not in their interest. Thus the risk is 1 US penny for the consumer. Yes, this is moving forward and very useful.

The lightning network will be superior , but this is much better than what existing payment processors are using.


Not that it matters ... but since you are such a Satoshi Fanboi here is another fact for you-

Quote
The tech has a long history in Bitcoin — it was actually originally imagined by Satoshi Nakamoto when he designed two features called nSequence and Locktime, and a variant of it was later implemented by Matt Corallo and several other developers in BitcoinJ.



It still requires trust, but as you say, for such small amounts its probably a moot  point.  I do actually like it, but I get such a buzz from winding you up that I just had to say it.  Cool

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
monero pump is getting serious...

+47% in 24h
+183% in 72h

and keep pushing. Finally it´s working

Relevant:

https://bitcointalksearch.org/topic/m.13874042
hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista




sure.

Less of the gratuitous self-promotion, please, hdbuck. This is not the X-factor.
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