I would like to see a proper, hold onto your hats, wtf is this, holy M"£)£IKJSADFer! crash - it has been a while !
crash?!?
hyperbole much?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19441. (Read 26709071 times)
February 06, 2016, 06:45:28 AM
crash?!?
hyperbole much?
February 06, 2016, 06:44:27 AM
Block size should only be increased when needed.
I agree.
The block size limit however should be removed alltogether.
February 06, 2016, 06:42:23 AM
I would like to see a proper, hold onto your hats, wtf is this, holy M"£)£IKJSADFer! crash - it has been a while !
February 06, 2016, 06:39:39 AM
Using the 1MB limit to prevent centralization is like mangling your daughter's face to prevent her from being raped. It's an extremely high price to pay and it doesn't even work that well.
Its a tradeoff thats not necessary right now. Scaling roadmap is far better plan.
When blocksize increase is needed it will be done.
Gavin backed by coinbase and blockchain alliance are pushing inferior plan to remove the cyptherpunk element of bitcoin development.
It's a stalling roadmap and it was created by people who's skill set is programming and cryptography, not business and economics.
Stalling roadmap? Stalling of what? block size increase? Ofcourse it is and thats good. Block size should only be increased when needed. We should try and 'stall' for as long as possible. It trades off decentralisation.
Block size should only be increased when needed.
There has been some incompetent economics coming out of Peter R and the classic camp. G Maxwell seems to have a much better understanding of economics.
Actually when it comes to economic understanding and crypto, I consider Nick Szabo as a thought leader. He is ofcourse very much against classic coup.
Of course. Central planning has proven to be the superior economic method. The free (not fee) market is so overrated.
February 06, 2016, 06:34:15 AM
Here are some more FACTS for you:
After I made my last post I sent transaction to myself, confirmed no problems AS ALWAYS. About 4 min in-fact, you beauty. https://blockchain.info/tx-index/b907009f9ef1e20d9d8d983e2c72186230be91ccfaf742e68caa1b95eb675af8
Hearn, Gavin et al also confirmed as FUD spreading propagandists.
Block size increase is not needed now, when it will be needed it will be increased, the core roadmap is the best plan going forward.
Everything else is based on a FUD manufactured crisis.
After I made my last post I sent transaction to myself, confirmed no problems AS ALWAYS. About 4 min in-fact, you beauty. https://blockchain.info/tx-index/b907009f9ef1e20d9d8d983e2c72186230be91ccfaf742e68caa1b95eb675af8
Hearn, Gavin et al also confirmed as FUD spreading propagandists.
Block size increase is not needed now, when it will be needed it will be increased, the core roadmap is the best plan going forward.
Everything else is based on a FUD manufactured crisis.
In the last month, I've sent around 15 transactions of varying sizes from between about .045 BTC and 10 BTC, and each time i paid around .0002BTC in transaction fees. Each of my transaction received at least 3 confirmations within about 15 minutes. I cannot recall any delay in receiving the transaction longer than 15 minutes in that set of transactions in the past month.
so yes, I agree, there currently does not seem to be any meaningful problem, and there seem to be several possibly consensus based solutions in the works...
Accordingly, I still have troubles understanding when the blocksize and/or scaling issues are presented as "an emergency."
February 06, 2016, 06:31:35 AM
My accumulation time is over: I did what I could. Now it's time to hold and wait to see what the hell will happen next (I'm thinking before-after the halving).
I must admit I am quite excited.
I must admit I am quite excited.
G'luck!
February 06, 2016, 06:27:30 AM
The facts:
1. Bitcoin would NOT have failed if Satoshi had chosen a 2MB limit rather than 1MB, to say otherwise exposes you for the complete idiot you would be. Therefore, any FUD about 2MB is laid bare as completely propaganda.
2. Adding 2MB now means nothing as far as the technology, network and platform is concerned.., refusing to do so is simply because you do not want to establish a precedent that you can increase the block size to address scalability issues. Why? because the necessity of a sidechain solution for scaling moves further down the road.
There is nothing else to talk about.
1. Bitcoin would NOT have failed if Satoshi had chosen a 2MB limit rather than 1MB, to say otherwise exposes you for the complete idiot you would be. Therefore, any FUD about 2MB is laid bare as completely propaganda.
2. Adding 2MB now means nothing as far as the technology, network and platform is concerned.., refusing to do so is simply because you do not want to establish a precedent that you can increase the block size to address scalability issues. Why? because the necessity of a sidechain solution for scaling moves further down the road.
There is nothing else to talk about.
Even though you are correct, that there really isn't anything else to talk about, that is not going to change the fact that a lot of people want to talk about this nonsense, and create more and more innovative ways to attempt to make it seem as if there is something to talk about.
I'm glad that so far the dump had not brought us down too far in BTC prices; however, that was a pretty low volume dump.
I think that bears gotta have more coins to dump, no?
I bought a little at $378, and then when the price kept going down on little volume, I thought that I would await mid to upper $360s before making my next purchase.. but didn't quite arrive there...
maybe later today or Sunday? Otherwise, maybe I missed out on this particular buy opportunity? I wonder?
February 06, 2016, 06:26:53 AM
My accumulation time is over: I did what I could. Now it's time to hold and wait to see what the hell will happen next (I'm thinking before-after the halving).
I must admit I am quite excited.
I must admit I am quite excited.
February 06, 2016, 06:01:22 AM
February 06, 2016, 05:32:10 AM
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Yep. Up and down. Up and down.
D-8!
(at least in my country)
February 06, 2016, 05:01:18 AM
February 06, 2016, 04:50:17 AM
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Yep. Up and down. Up and down.
February 06, 2016, 04:40:27 AM
WTF 370 
meh....
just be some paedophiles getting Bitcoin to buy thier kiddy porn on the darkweb with....
....now they got their wares, the dump will be the kiddy porn seller cashing out.
Same old Bitcoin as it always was....nothing to worry about.....move along people.......oh, and don't forget to keep on trading Bitcoin and providing liquidity to the market, otherwise the kiddy porn market will have to go back to using credit cards, and that is dangerous!
Yep. Up and down. Up and down.
February 06, 2016, 04:04:54 AM
WTF 370 meh....
just be some paedophiles getting Bitcoin to buy thier kiddy porn on the darkweb with....
....now they got their wares, the dump will be the kiddy porn seller cashing out.
Same old Bitcoin as it always was....nothing to worry about.....move along people.......oh, and don't forget to keep on trading Bitcoin and providing liquidity to the market, otherwise the kiddy porn market will have to go back to using credit cards, and that is dangerous!
February 06, 2016, 04:04:08 AM
WTF 370 this is weekend and every weekend price down some point
wait and see we will comeback to $380 then $390 then stable at $400
keep holding your bitcoin
February 06, 2016, 04:01:19 AM
February 06, 2016, 03:14:47 AM
WTF 370 February 06, 2016, 03:02:05 AM
February 06, 2016, 02:52:52 AM
Microtransactions
Enable virtual currency commerce in online and mobile applications
Fancy new white paper. Everybody aboard?
Yet Another Gox. A centralized database.Enable virtual currency commerce in online and mobile applications
Fancy new white paper. Everybody aboard?
Some of the money sending/spending peoples of the world are more interested in quick and cheap and reliably predictable. Not me, mind you. But some of them.
I always assumed microtransactions would be kinda our thing.
Thanks
February 06, 2016, 02:43:23 AM
What? I was not aware the scaling problem was so high!
Yes. It is. The clear trend is that transactions per unit time are increasing. At some point in the very near future, bitcoin will hit a ceiling that it has not before hit - the situation where blocks are persistently full.
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Why are most people saying that everything is fine and that scaling will come then?
I think BJA would argue against "everything fine". I'm in the camp of "things are gonna soon suck, and will continue to suck, until the pain rises to the point where most admit things need doing".
We are nowhere close to "everything will suck soon" tm. You guys have been saying that for a year now btw.
If we do nothing for a year (we will though) it would simply mean that fees might increase about a cent or two. Actually fees used to be higher in the past.
Segwit is quickest and easiest short term TPS increase anyhow.
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