Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19502. (Read 26619950 times)

Epilepsy much?

Agreed, but every day without an inch of movement from Blockstream, increases the possibility. The fact that they start bringing up PoW changes when backed into a corner gives even more weight to the idea that they would rather go to war than compromise to 2MB.

Obnoxious signature. That's so last straw.

First, your notation is confusing, difficult to determine if BTCC means Core (with new PoW) Bitcoin, or Classic (with larger capacity) Bitcoin.

Altcoin exchanges list almost anything, even coins with market caps = to that of a mid size car. I'm 99.999% sure that the 1MB4EVA group will be large enough encourage an exchange to list CoreBTC. The ones that will allow you to deposit 5-10 obscure alts will allow you to trade CoreBTC and ClassicBTC in the event of a PoW change enabled minority fork.

Also, holdings before the fork will be valid on both chains. I fully expect some unprecedented rage dumping if Core digs in their heels and miners fork away, but I'd rather have fiat sitting on the exchange (some don't require verification for coin in/coin out) to buy the panic vs buying bags full of (even more volatile) alts to ride out the storm.


Agreed, but every day without an inch of movement from Blockstream, increases the possibility. The fact that they start bringing up PoW changes when backed into a corner gives even more weight to the idea that they would rather go to war than compromise to 2MB.

Actually I expect that in such a scenario most exchanges will not have dual trading but will rather use an event like that as an opportunity to confiscate BTCs as their own and replace them with BTCCs. Especially if they have political reasons of siding with BTCC. So you either find a reliable dual exchange that has both BTC and BTCC (which may be hard to find or even DDOSed), or you move with alts as a vehicle of +1 step.

Let's hope we never find out.

I think that the below-linked YouTube clip (which is 9911 minutes), kind of relates to parts of my earlier post ...














https://www.youtube.com/watch?v=04cF1m6Jxu8

I found this bitcoin article to be insightful and informative,


http://www.breitbart.com/tech/2016/01/25/bitcoin-not-dead/

The article puts some perspective on the various seemingly emergency attempts at pushing for bigger blocks with the mining of bitcoin... and that those attempts at bigger blocks seem to be intended to make an emergency are likely ways to cripple/undermine decentralized aspect of bitcoin in various regards.

With the author's initial classification of bitcoin as a currency, recently, I have been becoming a bit irked with those kinds of comments to attempt to classify bitcoin as a currency.

Surely, the author is very bullish and positive about the real paradigm changing peer to peer aspects of bitcoin, and so he does not imply anything negative in his assertion that bitcoin is serving as a kind of currency.

I would suggest that even though bitcoin has some currency attributes, bitcoin remains way too new in size and familiarity and infrastructure to really compete in any kind of meaningful way like any kind of real and regular currency (even though it does have some aspects of currency, for sure)..

In my current thinking, bitcoin remains way too small to really fit the currency definition, so for me, the term “currency” is a bit too imprecise, yet, it seems that years from now, if bitcoin continues to expand, bitcoin could become a very real contender in various currency circles.. and surely become a paradigm shifting form of medium of exchange and storage of value, and surely bitcoin’s various strengths is one of the perceived threats of bitcoin and that is something that seems to becoming more and more unstoppable and worthy for some legacy financial institutions to consider ways to fight bitcoin and to make various attempts at undermining bitcoin because bitcoin continues to threaten legacy financial institutions in profit generation.   

Don't amateurs mainly hash for pools? It seems hard to believe there's any significant hashrate operated by hobbyists who actually run their own bitcoind for mining.

www.Circle.com or www.Coinbase.com are easy solutions with minimal to no fees. You can also use www.LocalBitcoins.com for a swift cash deposit at an above preev price. Nor, do you mind me asking what your average buy price is for your stockpile? Pure curiosity.

What's bizarre is that you are adding an extra step. Say miners choose to fork to classic's 2MB, Core changes the PoW and lowers difficulty through their own hard fork... What's preventing an altcoin exchange from listing CoreCoins with all the other alts? (Your argument actually presupposes that they do.) The step of buying some other crap just to buy CoreCoin doesn't make any sense, you'd just sell classic bitcoin for core bitcoin directly, no? No fiat/verification required.

They are anything but kind! Greedy pigs more like it!

Eat my poopoo whales!

problem: bitcoin cannot scale..... that means it is bitcoin that is the risk..... as it stands we were told mid february XT would fork us into scale.... thats not happening... the talk is GIMP ... the truth of the matter is bitcoin has a very serious flaw.. it cannot scale.. therefore.. it cannot be used as a currency.......... meanwhile we are preping for the inevitable reset: http://plata.com.mx/Mplata/articulos/articlesFilt.asp?fiidarticulo=281

Nor do we know at what price, in dollars, the price will be set, or how it will be set. However, given the truly astronomic amounts of debt in existence, a very high price will be necessary to "liquefy" i.e. make payable remaining debt, whatever the amount remaining after the purge which is now in process. The very high price of gold will mean that all debt instruments will be subject to large losses in terms of gold value. The revaluation of gold will reduce the weight of the present debt overhang upon the world.

No I'm not worried the least about satoshi moving his coins. He's not here to daytrade etc. I'm just saying how it could go down between BTC < alts > BTCC with alts as a vehicle, without even needing to pass through $$$.