WTF just happened? Any news?
Bitcoin classic will release its code next week. Bitcoin is saved. BUY BUY BUY.
Source?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19556. (Read 26609705 times)
January 20, 2016, 08:59:10 AM
Bitcoin classic will release its code next week. Bitcoin is saved. BUY BUY BUY.
Source?
January 20, 2016, 08:57:25 AM
WTF just happened? Any news?
Bitcoin classic will release its code next week. Bitcoin is saved. BUY BUY BUY.
January 20, 2016, 08:53:52 AM
WTF just happened? Any news?
January 20, 2016, 08:51:24 AM
I really feel like someone knows something I don't! Maybe there's been a bitcoin dev compromise...?
I think it's a technical rally. The 4 HR Moving average went green. TERA trades that and maybe others.
January 20, 2016, 08:51:03 AM
Mike Hearn - “The fundamentals are broken and whatever happens to the price in the short term, the long term trend should probably be downwards,” he writes on Medium. “I will no longer be taking part in Bitcoin development and have sold all my coins.”
January 20, 2016, 08:49:07 AM
I could do that myself now: make a copy of core, change the PoW formula, and presto: a hard fork happened, and the coin has split. If the 1000 PH/s is not important, what is the difference between my bitcoin and their bitcoin?
For a start, the PoW.
After that, it depends.
Depends on what? If the hashpower is not important, and preserving the PoW is not important, then what is the magic factor that would cause all the value to go to the CoreCoin branch instead of the CartelCoin branch?
Whatever it is that the economic majority thinks is more important. If it is sticking with the existing miner fleet, that's where the value ends up. If it is firing the existing miner fleet, that's where the value ends up. There is no answer you or I can state without that information that is more correct than another.
ELI5 the mechanism for the the "economic majority" to make its wishes known & relevant?
The market.
Quote
Assuming I hold 90% of all the coins mined to date (I'm economic majority), how do I go about this shit?
If you own 90% of the coins, you are the market. Obviously not realistic. In reality there are many participants, and they'll trade with one another and work it out. One fork will be worth more than the other, probably a lot more, but who knows.
It's a pleasure to read you cutting right through the
Glad to see you're back on the speculation sub.
January 20, 2016, 08:47:41 AM
wow, 400$ wall getting eaten in seconds o.0
January 20, 2016, 08:47:33 AM
January 20, 2016, 08:46:14 AM
January 20, 2016, 08:43:57 AM
January 20, 2016, 08:42:25 AM
I really feel like someone knows something I don't! Maybe there's been a bitcoin dev compromise...?
January 20, 2016, 08:41:34 AM
I'm not buying this
Feel free to call me an idiot later and quote me
Feel free to call me an idiot later and quote me
Agree. It's damn hard to buy this shit.
January 20, 2016, 08:36:55 AM
I'm not buying this
Feel free to call me an idiot later and quote me
Feel free to call me an idiot later and quote me
January 20, 2016, 08:34:56 AM
what did just happen to cause this pump?
That's what I was going to ask. Is it just because it dumped yesterday, so it's pumping today, or is there any news that made it pump? It's been range bound for the last half a week, and it could go back down to the lower end of the range if the pump's not because of any news, or perhaps it will break out of the range.
January 20, 2016, 08:34:06 AM
I could do that myself now: make a copy of core, change the PoW formula, and presto: a hard fork happened, and the coin has split. If the 1000 PH/s is not important, what is the difference between my bitcoin and their bitcoin?
For a start, the PoW.
After that, it depends.
Depends on what? If the hashpower is not important, and preserving the PoW is not important, then what is the magic factor that would cause all the value to go to the CoreCoin branch instead of the CartelCoin branch?
Whatever it is that the economic majority thinks is more important. If it is sticking with the existing miner fleet, that's where the value ends up. If it is firing the existing miner fleet, that's where the value ends up. There is no answer you or I can state without that information that is more correct than another.
ELI5 the mechanism for the the "economic majority" to make its wishes known & relevant?
The market.
Quote
Assuming I hold 90% of all the coins mined to date (I'm economic majority), how do I go about this shit?
If you own 90% of the coins, you are the market. Obviously not realistic. In reality there are many participants, and they'll trade with one another and work it out. One fork will be worth more than the other, probably a lot more, but who knows.
90% was chosen at random. Let's say I own 5%, and keep in in cold storage, as a "store of value." How do I make my voice count?
Keep in mind, you edited out the important part:
<>If I'm just holding the coin (not solding), why do my wishes matter to the miners (I do not buy, only hodl)? To the exchanges (I do not trade, only hodl)?
According to your reasoning, by not trading (hodling the coin in cold storage), I effectively make myself irrelevant. Correct?Hell no, holding is what gives it value.
Assuming anyone else wants to buy, they can only buy from miners which is a limited supply. Welcome moon.
If no one else wants to buy any sort of Bitcoin, then you're screwed. Same as would happen tomorrow if we woke up and no one wanted to buy Bitcoin without a fork. No guarantee that won't happen.
If you want guaranteed store of value, independent of what other people value, too fucking bad. About the best you can do is buy a chocolate bar, at least you can eat it.
Perhaps I'm not making myself clear.
You claim: "Whatever it is that the economic majority thinks is more important [will be implemented]."
I ask: Via what mechanism?
You reply: The market, dur!
I ask: What does that mean? I hold 5%, I don't trade it, what mechanisms are available to me to make my opinion count?
Sure, I can try to sell my hodlings, but only post factum. The "economic majority" is not the BTC long-term hodlers, but the*fiat hodlers*, those willing to *buy* BTC.
The miners aren't selling BTC to me, they're selling BTC to people with fiat, those are the opinions that matter, not mine (I'm not buying, remember?)
The interests of buyers != the interests of hodlers != interests of miners.
Those same participants (fiat buyers, BTC holders/speculators, miners, merchants, users, etc.) are there now, determining the value of the coins you hold.
All of those participants will be there later, determining the value of the coins you hold.
If you disagree with the economic majority (market consensus) then by definition you trade, and thereby your opinion matters. If you don't trade, then your opinion matches the market consensus.
January 20, 2016, 08:33:19 AM
I've gone from being confused about opt-in RBF to sort of indifferent. Theymos may have seduced me with his charms tho.
You may wish to ponder his assertion that it is unlikely that anyone will customize a client to provide pushbutton 'rescind payment' abilities. If we have learned anything about script kiddies, it is that there are plenty who destroy only for the lulz of watching the world burn.
Indeed, one of the core devs has already done it for zero conf. (That's Peter Todd for those not following)
January 20, 2016, 08:31:41 AM
Hate to bust your chops on this, but that would be 'dogs and cats... _living_ together...'
https://www.youtube.com/watch?v=O3ZOKDmorj0
Hence points off. The other parts didn't match either.
January 20, 2016, 08:24:59 AM
I could do that myself now: make a copy of core, change the PoW formula, and presto: a hard fork happened, and the coin has split. If the 1000 PH/s is not important, what is the difference between my bitcoin and their bitcoin?
For a start, the PoW.
After that, it depends.
Depends on what? If the hashpower is not important, and preserving the PoW is not important, then what is the magic factor that would cause all the value to go to the CoreCoin branch instead of the CartelCoin branch?
Whatever it is that the economic majority thinks is more important. If it is sticking with the existing miner fleet, that's where the value ends up. If it is firing the existing miner fleet, that's where the value ends up. There is no answer you or I can state without that information that is more correct than another.
ELI5 the mechanism for the the "economic majority" to make its wishes known & relevant?
The market.
Quote
Assuming I hold 90% of all the coins mined to date (I'm economic majority), how do I go about this shit?
If you own 90% of the coins, you are the market. Obviously not realistic. In reality there are many participants, and they'll trade with one another and work it out. One fork will be worth more than the other, probably a lot more, but who knows.
90% was chosen at random. Let's say I own 5%, and keep in in cold storage, as a "store of value." How do I make my voice count?
Keep in mind, you edited out the important part:
<>If I'm just holding the coin (not solding), why do my wishes matter to the miners (I do not buy, only hodl)? To the exchanges (I do not trade, only hodl)?
According to your reasoning, by not trading (hodling the coin in cold storage), I effectively make myself irrelevant. Correct?Hell no, holding is what gives it value.
Assuming anyone else wants to buy, they can only buy from miners which is a limited supply. Welcome moon.
If no one else wants to buy any sort of Bitcoin, then you're screwed. Same as would happen tomorrow if we woke up and no one wanted to buy Bitcoin without a fork. No guarantee that won't happen.
If you want guaranteed store of value, independent of what other people value, too fucking bad. About the best you can do is buy a chocolate bar, at least you can eat it.
Perhaps I'm not making myself clear.
You claim: "Whatever it is that the economic majority thinks is more important [will be implemented]."
I ask: Via what mechanism?
You reply: The market, dur!
I ask: What does that mean? I hold 5%, I don't trade it, what mechanisms are available to me to make my opinion count?
Sure, I can try to sell my hodlings, but only post factum. The "economic majority" is not the BTC long-term hodlers, but the*fiat hodlers*, those willing to *buy* BTC.
The miners aren't selling BTC to me, they're selling BTC to people with fiat, those are the opinions that matter, not mine (I'm not buying, remember?)
The interests of buyers != the interests of hodlers != interests of miners.
January 20, 2016, 08:16:58 AM
See the bulls running is one of the most exciting sports in earth.
Go, bulls, go!!
Go, bulls, go!!
January 20, 2016, 08:09:31 AM
This will probably peak at around 410, and then we'll see a proper drop.
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