Price when approaching Bitcoin halving in July:
A. Big drop?
B. Big pump?
A. Big drop?
B. Big pump?
I personally think we will see raise in the price already before the halving. Maybe somewhere May-June.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19452. (Read 26708052 times)
February 04, 2016, 04:51:32 AM
I personally think we will see raise in the price already before the halving. Maybe somewhere May-June.
February 04, 2016, 04:38:18 AM
Price when approaching Bitcoin halving in July:
A. Big drop?
B. Big pump?
A. Big drop?
B. Big pump?
February 04, 2016, 04:24:54 AM
don't forget everyone! BITCOIN CANNOT SCALE! until it does then it still doesn't ... its only been EIGHT MONTHS of arguing over it. #GimpedCoin
Technological progress actually ...ensures that bitcoin not only can scale, but will indeed scale. It's not a matter of if, only a matter of when.
1995 = Pentium 75-100MHz / 8-16MB ram / 1-2GB disks / 14.4kbps - 128kbps connections.
2015 = 4-8core CPUs at 4 GHz / 4-16GB ram / 1-4 TB disks / home connections in the mbps to gbps (for fiber).
Everything has gone upwards like 1000x in 20 years. Processing power, memory, storage, network connections etc. And I'm not counting processing breakthroughs in GPU power or storage speedup like SSDs.
If the trend continues, by 2035 the technology will allow >5000tx/sec, without even improving the software. If the software gets improved (and it constantly is getting scaling improvements), we are talking multiple that - so we'll be seeing VISA-like capabilities way before the 2030's.
Bitcoin is ...doomed to scale, except if some catastrophic failure of our civilization destroys the IT industry. And we won't have to wait for 2035 for scaling, that's just a number. There are incremental steps in hardware and network capabilities all the time. We just want too much, too fast. And that's good because scaling solutions will have to be devised faster. Although one thing will never be overcome: The necessity for fees. It is impossible to have near-zero cost txs AND protect the network for abuse at the same time.
Free txs = attack vector possible for free.
Near free txs = attack vector possible for peanuts.
Hmm...
You know it's really putting your faith in technology evolution and respect of the Moore law...
But experience is showing that Moore law is reaching a limit. The base of Moore principle is that the more time passes, the smaller electronic elements become. But we're reaching a point where you cant get any smaller! It becomes harder and harder and we'll eventually reach a physical limit: you can't go small enough to reach the nanometer. At this scale physics as we know no longer exists...
Moore's Law is a straw man - the previous poster was talking about general technological progress, not the much more narrow Moore's Law. A limit to component density didn't prevent technological development in the centuries before Gordon Moore, and there's no reason to suspect it'll stop simply when integrated circuitry reaches a physical limit.
Well I understand your point but I'd say it's totally flawed.
It's not because it had happened that it will actually happen
I wouldn't be incredibly shocked if in 10 years scientists would explain that we reached a point in IT where development can't really go any further. You're still limited to physic, and if you can't make smaller elements... What can you do?
Oh maybe in only 3 days someone is going to come with a revolution in science and explain something that will allow us to use a 1000times better internet/PC. But it's not because it has, and it can, that it will
February 04, 2016, 04:15:45 AM
Bitcoin is ...doomed to scale, except if some catastrophic failure of our civilization destroys the IT industry.
Some day, an engineer is going to wake up and realise. "Oh shit, we forgot to carry the 1.."
February 04, 2016, 04:02:20 AM
February 04, 2016, 04:00:49 AM
don't forget everyone! BITCOIN CANNOT SCALE! until it does then it still doesn't ... its only been EIGHT MONTHS of arguing over it. #GimpedCoin
Technological progress actually ...ensures that bitcoin not only can scale, but will indeed scale. It's not a matter of if, only a matter of when.
1995 = Pentium 75-100MHz / 8-16MB ram / 1-2GB disks / 14.4kbps - 128kbps connections.
2015 = 4-8core CPUs at 4 GHz / 4-16GB ram / 1-4 TB disks / home connections in the mbps to gbps (for fiber).
Everything has gone upwards like 1000x in 20 years. Processing power, memory, storage, network connections etc. And I'm not counting processing breakthroughs in GPU power or storage speedup like SSDs.
If the trend continues, by 2035 the technology will allow >5000tx/sec, without even improving the software. If the software gets improved (and it constantly is getting scaling improvements), we are talking multiple that - so we'll be seeing VISA-like capabilities way before the 2030's.
Bitcoin is ...doomed to scale, except if some catastrophic failure of our civilization destroys the IT industry. And we won't have to wait for 2035 for scaling, that's just a number. There are incremental steps in hardware and network capabilities all the time. We just want too much, too fast. And that's good because scaling solutions will have to be devised faster. Although one thing will never be overcome: The necessity for fees. It is impossible to have near-zero cost txs AND protect the network for abuse at the same time.
Free txs = attack vector possible for free.
Near free txs = attack vector possible for peanuts.
Hmm...
You know it's really putting your faith in technology evolution and respect of the Moore law...
But experience is showing that Moore law is reaching a limit. The base of Moore principle is that the more time passes, the smaller electronic elements become. But we're reaching a point where you cant get any smaller! It becomes harder and harder and we'll eventually reach a physical limit: you can't go small enough to reach the nanometer. At this scale physics as we know no longer exists...
Moore's Law is a straw man - the previous poster was talking about general technological progress, not the much more narrow Moore's Law. A limit to component density didn't prevent technological development in the centuries before Gordon Moore, and there's no reason to suspect it'll stop simply when integrated circuitry reaches a physical limit.
February 04, 2016, 03:44:32 AM
don't forget everyone! BITCOIN CANNOT SCALE! until it does then it still doesn't ... its only been EIGHT MONTHS of arguing over it. #GimpedCoin
Technological progress actually ...ensures that bitcoin not only can scale, but will indeed scale. It's not a matter of if, only a matter of when.
1995 = Pentium 75-100MHz / 8-16MB ram / 1-2GB disks / 14.4kbps - 128kbps connections.
2015 = 4-8core CPUs at 4 GHz / 4-16GB ram / 1-4 TB disks / home connections in the mbps to gbps (for fiber).
Everything has gone upwards like 1000x in 20 years. Processing power, memory, storage, network connections etc. And I'm not counting processing breakthroughs in GPU power or storage speedup like SSDs.
If the trend continues, by 2035 the technology will allow >5000tx/sec, without even improving the software. If the software gets improved (and it constantly is getting scaling improvements), we are talking multiple that - so we'll be seeing VISA-like capabilities way before the 2030's.
Bitcoin is ...doomed to scale, except if some catastrophic failure of our civilization destroys the IT industry. And we won't have to wait for 2035 for scaling, that's just a number. There are incremental steps in hardware and network capabilities all the time. We just want too much, too fast. And that's good because scaling solutions will have to be devised faster. Although one thing will never be overcome: The necessity for fees. It is impossible to have near-zero cost txs AND protect the network for abuse at the same time.
Free txs = attack vector possible for free.
Near free txs = attack vector possible for peanuts.
Hmm...
You know it's really putting your faith in technology evolution and respect of the Moore law...
But experience is showing that Moore law is reaching a limit. The base of Moore principle is that the more time passes, the smaller electronic elements become. But we're reaching a point where you cant get any smaller! It becomes harder and harder and we'll eventually reach a physical limit: you can't go small enough to reach the nanometer. At this scale physics as we know no longer exists...
February 04, 2016, 03:01:28 AM
February 04, 2016, 02:01:24 AM
February 04, 2016, 01:57:09 AM
I'm not participating in this thread to compete with anyone regarding purported intelligence or any other characteristic or to pump anything.
And sure, I have no problem that many of the posters may be more intelligent than me in a variety of ways. In fact, I expect every poster to have some kind of knowledge that is greater than mine concerning that person's own experiences.
It seems like within the past couple of days, I responded to another post of yours that had a similar level of accusations towards me.
I found it...... for ease of reference, here it is: https://bitcointalksearch.org/topic/m.13758940
Accordingly, I responded to your post, but you "conveniently" failed to acknowledge or respond to any of my points within that post.
In essence, I don't necessarily want to be repetitive in making points that I have already made in my earlier post, so if there is anything, you can respond to that. Accordingly, if we are here genuinely attempting to stay on topic and to provide our experiences in respect to bitcoin, then, some of us are going to have different views regarding the future of bitcoin (if any).
yeah i do repeat myself a lot... purposely .. because if i dont people will forget.
You repeat yourself and you fail / refuse to respond to substance because you do not have any real and meaningful substantive analysis to provide beyond your various narrow talking points that are largely detached from facts.
February 04, 2016, 01:24:19 AM
next leg down possible here. we didn't even attempt to break 2560 CNY yet. which is bad.
Yes, it seems to be a slow free fall at the moment. Not much interest in BTC anymore now that altcoins like ETH are also getting some media attention. But I guess the tide will still be in BTC favor after few more weeks.
February 04, 2016, 01:01:25 AM
February 04, 2016, 12:01:23 AM
February 03, 2016, 11:22:36 PM
don't forget everyone! BITCOIN CANNOT SCALE! until it does then it still doesn't ... its only been EIGHT MONTHS of arguing over it. #GimpedCoin
Technological progress actually ...ensures that bitcoin not only can scale, but will indeed scale. It's not a matter of if, only a matter of when.
1995 = Pentium 75-100MHz / 8-16MB ram / 1-2GB disks / 14.4kbps - 128kbps connections.
2015 = 4-8core CPUs at 4 GHz / 4-16GB ram / 1-4 TB disks / home connections in the mbps to gbps (for fiber).
Everything has gone upwards like 1000x in 20 years. Processing power, memory, storage, network connections etc. And I'm not counting processing breakthroughs in GPU power or storage speedup like SSDs.
If the trend continues, by 2035 the technology will allow >5000tx/sec, without even improving the software. If the software gets improved (and it constantly is getting scaling improvements), we are talking multiple that - so we'll be seeing VISA-like capabilities way before the 2030's.
Bitcoin is ...doomed to scale, except if some catastrophic failure of our civilization destroys the IT industry. And we won't have to wait for 2035 for scaling, that's just a number. There are incremental steps in hardware and network capabilities all the time. We just want too much, too fast. And that's good because scaling solutions will have to be devised faster. Although one thing will never be overcome: The necessity for fees. It is impossible to have near-zero cost txs AND protect the network for abuse at the same time.
Free txs = attack vector possible for free.
Near free txs = attack vector possible for peanuts.
Cool, so it's time to bump the DoS limit from 2010.
I see Blockstream tripling its War Chest has investors all hot and bothered up in here.
February 03, 2016, 11:17:54 PM
Post Davos learning curve bump in 3...2...1...
February 03, 2016, 11:04:03 PM
next leg down possible here. we didn't even attempt to break 2560 CNY yet. which is bad.
February 03, 2016, 11:03:02 PM
don't forget everyone! BITCOIN CANNOT SCALE! until it does then it still doesn't ... its only been EIGHT MONTHS of arguing over it. #GimpedCoin
Technological progress actually ...ensures that bitcoin not only can scale, but will indeed scale. It's not a matter of if, only a matter of when.
1995 = Pentium 75-100MHz / 8-16MB ram / 1-2GB disks / 14.4kbps - 128kbps connections.
2015 = 4-8core CPUs at 4 GHz / 4-16GB ram / 1-4 TB disks / home connections in the mbps to gbps (for fiber).
Everything has gone upwards like 1000x in 20 years. Processing power, memory, storage, network connections etc. And I'm not counting processing breakthroughs in GPU power or storage speedup like SSDs.
If the trend continues, by 2035 the technology will allow >5000tx/sec, without even improving the software. If the software gets improved (and it constantly is getting scaling improvements), we are talking multiple that - so we'll be seeing VISA-like capabilities way before the 2030's.
Bitcoin is ...doomed to scale, except if some catastrophic failure of our civilization destroys the IT industry. And we won't have to wait for 2035 for scaling, that's just a number. There are incremental steps in hardware and network capabilities all the time. We just want too much, too fast. And that's good because scaling solutions will have to be devised faster. Although one thing will never be overcome: The necessity for fees. It is impossible to have near-zero cost txs AND protect the network for abuse at the same time.
Free txs = attack vector possible for free.
Near free txs = attack vector possible for peanuts.
February 03, 2016, 11:01:43 PM
February 03, 2016, 11:01:13 PM
Wake me up when halving day is here, so I can buy cheap coins.
Leave your phone number here. There's a new bit service you might be interested in.
February 03, 2016, 10:09:45 PM
don't forget everyone! BITCOIN CANNOT SCALE! until it does then it still doesn't ... its only been EIGHT MONTHS of arguing over it. #GimpedCoin
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