Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19409. (Read 26610041 times)

legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
... let the DDOSing begin now that techignorati who use binaries because they can't build from source are wandering stupidly into the badlands. tally-ho

And that pretty much sums up your scumbag attitude. I bet you have giftcards for sale too, paid for by stolen credit cards. You are a real asset to the core-devs, a like minded fellow traveler.

Don't blame the messenger.

It's just reality that Bitcoin cannot be DDOSed but Classic can and will be.  The antifragile project deserves to live, the wimpy fork does not.

Better post here while you still can.  I expect your ISP will be nuked from space shortly after you turn on your obnoxious Classic troll node.   Grin

When you phone in to cry to customer service, be sure to tell them you were running a server on your residential connection, and that server effectively painted a giant target on their back(bone).
donator
Activity: 2772
Merit: 1019
It [segwit] also allows elegant scaling solutions to be developed down the road.

Can you explain how? (serious question)
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
... let the DDOSing begin now that techignorati who use binaries because they can't build from source are wandering stupidly into the badlands. tally-ho

Oh good, we're coming up to my favorite part of this movie.



legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 295
Merit: 250
Christ....I remember when this thread was about walls, trading, speculation and general 'doom' or 'moon'...now its just page after page of people talking incomprehensible blockchain bollox and petty politics.

There has always been some sort of crisis threatening the very existence of BTC, get used to it.

So, all the bed-wetters getting worked up about this: you do realise there are entire sections of this site devoted to these topics.  Perhaps you could all fuck off to those pages and stop boring everyone me to tears with your endless segwit, hardfork fuckwittery.

I hoped to find out a reason for the $6 price increase in this thread, and I hoped people would be discussing it. Instead I found a wall of posts about segwit combined with acronyms like hf and sf. Once upon a time people would have discussed whether the bottom of this dump was in, but now it's all block size debates.

I like the convenience of finding all my Btc news in one thread.  If i want to expand my understanding of any of it I can do so.

As to why Btc went up 1.5%?  Noise, somebody bought a few Btc and it wasn't me.  I am merely hodling until last year's tax burden is settled.



It's less than a quarter of an hour to go until Chinese New Year and I thought that might be influencing the price, but it seems it probably didn't now it's going back down to where it started. Most of the Chinese are probably partying too hard to consider trading Bitcoins or look at the charts.
legendary
Activity: 1624
Merit: 1008
http://www.coindesk.com/private-satoshi-roundtable-bitcoin-exec-scaling-debate/

"To be held from 26th to 28th February, the event follows the inaugural edition of Satoshi Roundtable, which garnered criticism at the time of announcement for an alleged lack of transparency and air of secrecy. Though it eventually opened its doors to limited media presence, this year's event, by contrast, will be closed to the public."[/b] Grin Cool Tongue

"The attendee list also includes bitcoin startup CEOs such as BTCC's Bobby Lee and Align Commerce's Marwan Forzley, as well as representatives from Bain Capital Ventures and Fidelity Labs."

Bain Capital Vultures brought to you by the likes of Mitt Romney and friends.

I repeat, closed to public.  Open source and decentralized, whoopee!!
hero member
Activity: 737
Merit: 500
We are nowhere close to "everything will suck soon" tm. You guys have been saying that for a year now btw.

Actually several years. We've been repeatedly pointing at the same stupid, unnecessary hard ceiling, and pointing out that the inexorable trend of increasing transactions has us on a clear intersect.

In the meantime, we have recently gone from things never sucking in regards to capacity, to things sucking for brief flashes of time. The issue is not how much one needs to pay to get a transaction through, the issue is that with the current block size, no more than about 350,000 transactions can be processed in a day. Period. No matter how much money is thrown at the transactions.

Here's what those two non-parallel lines would look like if the bump to 2MB occurs May 1:



Thanks! This is still the best graph.

Yes, this is still the best meaningless graph, Andre#.

You are so "spot on" lately. Grin

I am, indeed.  Cheesy

Wahou wahou wahou!

Thanks for the graph indeed, it's a good way to see things.

But what I get from this graph is that 2mb blocks would be a very temporary solution no? Is it only me?
Cause it seems like even if we go to 2mb it'll last for a few months maybe a year or two before we need another action taken.

Indeed. But at least it buys some time for Segregated Witness to get into effect (x1.7), and later on perhaps the Lightening Network. If these don't materialize, it would have to be increased further in two years time.

hero member
Activity: 840
Merit: 529
Christ....I remember when this thread was about walls, trading, speculation and general 'doom' or 'moon'...now its just page after page of people talking incomprehensible blockchain bollox and petty politics.

There has always been some sort of crisis threatening the very existence of BTC, get used to it.

So, all the bed-wetters getting worked up about this: you do realise there are entire sections of this site devoted to these topics.  Perhaps you could all fuck off to those pages and stop boring everyone me to tears with your endless segwit, hardfork fuckwittery.

I hoped to find out a reason for the $6 price increase in this thread, and I hoped people would be discussing it. Instead I found a wall of posts about segwit combined with acronyms like hf and sf. Once upon a time people would have discussed whether the bottom of this dump was in, but now it's all block size debates.

Have to say I don't understand any shit about what's discussed here most of the time.

And I don't see really the link with the thread "wall observer".
But I keep coming here for chart buddy Grin
hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista
 Throwing statements about with no explanation does not help your case.

So why dont you explain to me what makes it a Kludge?


Also, I tried not insult you so please try and not to insult me.

I never said segwit itself was a kludge. (its inelegant at best)

If you read back to my original post, I asked you about how making segwit SF-able was a kludge.  Maybe answer that question.

segwit should be a HF. Making it a SF is political and destroys most of their credibility.

Again why is segwit as soft-fork a kludge? because Gavin the FUDster said so? Its a much better to have soft-forks then hard forks and allows capacity to be increased immediately. With hard forks the entire network has to move before anybody gets benefit.

Is not the big motivation to increase capacity?

Quote
How do you feel about the segwit kludge of pushing its commitment into the coinbase tx? You ok with that design approach?  What was the motivation for it? Expediency, efficiency or just so that they would not have to sell segwit as an evil HF?
legendary
Activity: 1624
Merit: 1008
Christ....I remember when this thread was about walls, trading, speculation and general 'doom' or 'moon'...now its just page after page of people talking incomprehensible blockchain bollox and petty politics.

There has always been some sort of crisis threatening the very existence of BTC, get used to it.

So, all the bed-wetters getting worked up about this: you do realise there are entire sections of this site devoted to these topics.  Perhaps you could all fuck off to those pages and stop boring everyone me to tears with your endless segwit, hardfork fuckwittery.

I hoped to find out a reason for the $6 price increase in this thread, and I hoped people would be discussing it. Instead I found a wall of posts about segwit combined with acronyms like hf and sf. Once upon a time people would have discussed whether the bottom of this dump was in, but now it's all block size debates.

I like the convenience of finding all my Btc news in one thread.  If i want to expand my understanding of any of it I can do so.

As to why Btc went up 1.5%?  Noise, somebody bought a few Btc and it wasn't me.  I am merely hodling until last year's tax burden is settled.

donator
Activity: 2772
Merit: 1019
Christ....I remember when this thread was about walls, trading, speculation and general 'doom' or 'moon'...now its just page after page of people talking incomprehensible blockchain bollox and petty politics.

There has always been some sort of crisis threatening the very existence of BTC, get used to it.

So, all the bed-wetters getting worked up about this: you do realise there are entire sections of this site devoted to these topics.  Perhaps you could all fuck off to those pages and stop boring everyone me to tears with your endless segwit, hardfork fuckwittery.

MOOOOOOOOOOOOOOOOOOOOOOOON!
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 294
Merit: 250
...
I hoped to find out a reason for the $6 price increase in this thread, and I hoped people would be discussing it. ...

Life is flux, belmonty, nothing stays the same... A lot of people don't realize what's really going on. They view life as a bunch of unconnected incidents and things. They don't realize that there's this, like, lattice of coincidence that lays on top of everything. Give you an example, show you what I mean: suppose you're thinkin' about a plate of shrimp. Suddenly someone'll say, like, "plate," or "shrimp," or "plate of shrimp" out of the blue, no explanation. No point in lookin' for one, either. It's all part of a cosmic unconsciousness.
sr. member
Activity: 295
Merit: 250
Christ....I remember when this thread was about walls, trading, speculation and general 'doom' or 'moon'...now its just page after page of people talking incomprehensible blockchain bollox and petty politics.

There has always been some sort of crisis threatening the very existence of BTC, get used to it.

So, all the bed-wetters getting worked up about this: you do realise there are entire sections of this site devoted to these topics.  Perhaps you could all fuck off to those pages and stop boring everyone me to tears with your endless segwit, hardfork fuckwittery.

I hoped to find out a reason for the $6 price increase in this thread, and I hoped people would be discussing it. Instead I found a wall of posts about segwit combined with acronyms like hf and sf. Once upon a time people would have discussed whether the bottom of this dump was in, but now it's all block size debates.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
Christ....I remember when this thread was about walls, trading, speculation and general 'doom' or 'moon'...now its just page after page of people talking incomprehensible blockchain bollox and petty politics.

There has always been some sort of crisis threatening the very existence of BTC, get used to it.

So, all the bed-wetters getting worked up about this: you do realise there are entire sections of this site devoted to these topics.  Perhaps you could all fuck off to those pages and stop boring everyone me to tears with your endless segwit, hardfork fuckwittery.

You just drop in every six months to tell us we're a bunch of assholes. We know! We're trying to improve ourselves! Don't we sound cleverererer now?
sr. member
Activity: 277
Merit: 257

 The current structure of transactions with the signature being part of it but malleable is inelegant and causes many problems.

Wrong. The malleability isnt a big issue in bitcoin now, but will become more serious with the functionality expansion required for LN.

Its solving a problem that will be brought about by LN.

Wrong,  I would guess most wallet or bitcoin developers would tell you that malleability and dealing with it is a pain in the Ass. It is for me. I will hazard a guess that you have not done any bitcoin development if you said that?

Firstly have you forgoten Mt. Gox and how all exchanges went offline to fix their malleability problems?

I remember wasshisname from LTB talking about it recently because of problems it was causing his platform due to difficulties related to transaction chaining.

Malleability is a big annoying thing that pops up all the time to cause problems.
sr. member
Activity: 294
Merit: 250
... "kludge" Thats a meaningless self-serving propaganda term invented By Gavin The Fudster and friends. What makes it a kludge? Gavin said so? It cleans up the structure and fixes many problems like malleability. ...

Kludge. Perfect fit. Also amazing ignorance on your part.

Quote
quick-and-dirty solution that is clumsy, inelegant, inefficient, difficult to extend and hard to maintain.

None of those are true re segwit, what makes it a kludge?

Its just a meaningless propaganda term?

It's clumsy (overcomplex and inelegant), and unreplicable (you can't segwit your segwit, " difficult to extend"), sooner or later blocksize cap will need to be raised.
So fixing a prior kludge (1MB max_block_size) with *another, goldbergian one* is the epitome of kludginess. The all-pro rule of code maintenance is *making previous kludges unnecessary, not adding another layer of kludges to give the previous kludge a new leas on life.* Sad

What is overly-complex or inelegant about it? The current structure of transactions with the signature being part of it but malleable is inelegant and causes many problems. Segwit is an elegant solution to that.

It also allows elegant scaling solutions to be developed down the road.


As opposed to the inefficient hard-fork kludge that can not be extended as it comes at price of making huge nodes, huge block-chains decentralisation etc.

See boldface above. Seriously, think about it.
sr. member
Activity: 277
Merit: 257
 Throwing statements about with no explanation does not help your case.

So why dont you explain to me what makes it a Kludge?


Also, I tried not insult you so please try and not to insult me.

I never said segwit itself was a kludge. (its inelegant at best)

If you read back to my original post, I asked you about how making segwit SF-able was a kludge.  Maybe answer that question.

segwit should be a HF. Making it a SF is political and destroys most of their credibility.

Again why is segwit as soft-fork a kludge? because Gavin the FUDster said so? Its a much better to have soft-forks then hard forks and allows capacity to be increased immediately. With hard forks the entire network has to move before anybody gets benefit.

Is not the big motivation to increase capacity?
legendary
Activity: 1008
Merit: 1000
Dumb broad
Christ....I remember when this thread was about walls, trading, speculation and general 'doom' or 'moon'...now its just page after page of people talking incomprehensible blockchain bollox and petty politics.

There has always been some sort of crisis threatening the very existence of BTC, get used to it.

So, all the bed-wetters getting worked up about this: you do realise there are entire sections of this site devoted to these topics.  Perhaps you could all fuck off to those pages and stop boring everyone me to tears with your endless segwit, hardfork fuckwittery.
hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista

 The current structure of transactions with the signature being part of it but malleable is inelegant and causes many problems.

Wrong. The malleability isnt a big issue in bitcoin now, but will become more serious with the functionality expansion required for LN.

Its solving a problem that will be brought about by LN.
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