Coin
Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19649. (Read 26607966 times)
January 08, 2016, 04:02:00 PM
January 08, 2016, 03:40:22 PM
^OK.
Hey, how come nobody's talkin' 'bout this?
https://bitcoin.org/en/bitcoin-core/2016-01-07-statement
It's like you all just up and forgot how to appreciate Blockstream!
Hey, how come nobody's talkin' 'bout this?
https://bitcoin.org/en/bitcoin-core/2016-01-07-statement
It's like you all just up and forgot how to appreciate Blockstream!
hahahahaha...
The reason is because, for some strange reason, the one instrument marching band, BJA, has disappeared from this thread and has NOT been trolling in recent days.
He (BJA) is probably out trying to figure out his story in order to make a come back and to tell us about his having had made "mucho bucks" in the latest BTC price movement because of our small blocker stupidities.
don't worry.. i got the trash talking covered while he is away .
I made a few bucks lending out my fiat to bulls. The interest rate has shot up. Look, I don't know for sure if we're going to get a network congestion crash, but it's a very real risk. I have a higher percentage of my net worth in BTC than almost anybody else here. I HOPE I'm wrong, but it's just plain irresponsible not to factor in the danger when we are running so close to maximum capacity and getting closer every day.
The Blockstream core devs have an incentive to overstate the problems with large blocks. They have an incentive to restrict network capacity and keep it congested. That doesn't automatically mean that they are acting on those incentives, but if they are, it would explain a lot of their actions and rhetoric.
What I am more worried about is the possibility that there is an ongoing rough consensus attack that will keep ANY resolution from being implemented until Bitcoin loses first mover advantage. But I guess it doesn't ultimately matter if the impasse is intentional or not. What matters is whether or not Bitcoin is really anti-fragile, and that is unknown at this point.
I'm saying the transaction relay network may crash when it gets so close to full capacity that transactions fail, get repeatedly resubmitted which makes the congestion and failure rate worse, and this condition will remain until there is a market crash and enough people stop using Bitcoin to clear the backlog. If this happens in conjunction with the high profile launch of a competing cryptocurrency, it may be enough to overcome Bitcoin's network effects and turn us into the MySpace of crypto.
i have already prepared for such an eventuality. it probably won't be a new coin, instead it might be an already established coin that steals the limelight.
Which alt coins have that probability?
January 08, 2016, 03:02:06 PM
January 08, 2016, 03:01:56 PM
Cheap coins 
Yep. Only $450. Anything under $700 could probably be considered cheap.
Remember when $32 was the ATH?
Edit: With this post I see I finally became Legendary. I was wondering when it was gonna kick in.
I realize it's "random" but it was getting annoying to see people with activity levels under 800 becoming legendary while I was approaching 1000 and still only a Hero.
I guess it really is random. I was wondering if it had anything to do with the fact that I seldom post outside Speculation.
You've always been legendary in my eyes. But what happened to the coffee-gasms you used squirt all over the WO thread?
January 08, 2016, 02:46:46 PM
Yep. Only $450. Anything under $700 could probably be considered cheap.
Remember when $32 was the ATH?
Remember when $32 was the ATH?
Sadly not, I got into the game a bit too late for that, but I'll definitely be around for the next ATH!
January 08, 2016, 02:13:18 PM
Remember when $32 was the ATH?
Yeah, that was back when the average blocksize was less than 10% of capacity.
January 08, 2016, 02:10:21 PM
Already 94 bitpay nodes!!
https://www.reddit.com/r/btc/comments/3zzkqg/bitpay_core_v1299_already_at_94_nodes_and_counting/
So now, we have 570 bitcoin XT nodes, 120 Bitcoin Unlimited nodes, 94 bitpay nodes and 5000 bitcoin core nodes. Great.
https://www.reddit.com/r/btc/comments/3zzkqg/bitpay_core_v1299_already_at_94_nodes_and_counting/
So now, we have 570 bitcoin XT nodes, 120 Bitcoin Unlimited nodes, 94 bitpay nodes and 5000 bitcoin core nodes. Great.
WTF is a bitpay node? Has bitpay started up its own version of the Bitcoin wallet? What's the differences between bitcoin XT nodes, Bitcoin Unlimited nodes, bitpay nodes, and bitcoin core nodes?
I know XT wants massive blocks if enough people use it, but I don't know what the other two contender wallets want.
Did you enjoy living under a rock for such a long time?
Anyway, welcome back.
Well gentlemand is a hero and he doesn't know what a bitpay node is, and I'm only senior. Fortuitously Fatman3001 read an explanation by brg444 who said they want kill all the firstborn. Gentlemand came to the conclusion that bitpay is coming to his shack to strangle his kitten, so it must be an evil node.
Can you add to our knowledge about WTF a bitay node is?
I think brg444 said something about them wanting to destroy the world with their multiculturalist marxist agenda. And kill all the firstborn.
I don't know what this Bitpay node is, but if it's in any way a threat to our benign Core Masters then I can categorically state that Bitpay came around my shack and strangled my kitten. It hasn't happened yet but in a sense it already has and it definitely will. FACT.
Well I'm legendary and I know less than everybody. I just realized today that uniform means one form.
I'm relieved that I am not first born although that kitten thing does have me concerned.
I am still hodling although I am no longer accumulating. Large but undefined expenses are looming.
January 08, 2016, 02:07:17 PM
Already 94 bitpay nodes!!
https://www.reddit.com/r/btc/comments/3zzkqg/bitpay_core_v1299_already_at_94_nodes_and_counting/
So now, we have 570 bitcoin XT nodes, 120 Bitcoin Unlimited nodes, 94 bitpay nodes and 5000 bitcoin core nodes. Great.
https://www.reddit.com/r/btc/comments/3zzkqg/bitpay_core_v1299_already_at_94_nodes_and_counting/
So now, we have 570 bitcoin XT nodes, 120 Bitcoin Unlimited nodes, 94 bitpay nodes and 5000 bitcoin core nodes. Great.
WTF is a bitpay node? Has bitpay started up its own version of the Bitcoin wallet? What's the differences between bitcoin XT nodes, Bitcoin Unlimited nodes, bitpay nodes, and bitcoin core nodes?
I know XT wants massive blocks if enough people use it, but I don't know what the other two contender wallets want.
Did you enjoy living under a rock for such a long time?
Anyway, welcome back.
Well gentlemand is a hero and he doesn't know what a bitpay node is, and I'm only senior. Fortuitously Fatman3001 read an explanation by brg444 who said they want kill all the firstborn. Gentlemand came to the conclusion that bitpay is coming to his shack to strangle his kitten, so it must be an evil node.
Can you add to our knowledge about WTF a bitay node is?
Ok then.
"A Simple, Adaptive Block Size Limit"
https://medium.com/@spair/a-simple-adaptive-block-size-limit-748f7cbcfb75#.7m37712tl
January 08, 2016, 02:02:04 PM
January 08, 2016, 02:00:50 PM
Cheap coins
Yep. Only $450. Anything under $700 could probably be considered cheap.
Remember when $32 was the ATH?
Edit: With this post I see I finally became Legendary. I was wondering when it was gonna kick in.
I realize it's "random" but it was getting annoying to see people with activity levels under 800 becoming legendary while I was approaching 1000 and still only a Hero.
I guess it really is random. I was wondering if it had anything to do with the fact that I seldom post outside Speculation.
January 08, 2016, 01:59:20 PM
Welcome to the Red Zone!
January 08, 2016, 01:30:45 PM
Already 94 bitpay nodes!!
https://www.reddit.com/r/btc/comments/3zzkqg/bitpay_core_v1299_already_at_94_nodes_and_counting/
So now, we have 570 bitcoin XT nodes, 120 Bitcoin Unlimited nodes, 94 bitpay nodes and 5000 bitcoin core nodes. Great.
https://www.reddit.com/r/btc/comments/3zzkqg/bitpay_core_v1299_already_at_94_nodes_and_counting/
So now, we have 570 bitcoin XT nodes, 120 Bitcoin Unlimited nodes, 94 bitpay nodes and 5000 bitcoin core nodes. Great.
WTF is a bitpay node? Has bitpay started up its own version of the Bitcoin wallet? What's the differences between bitcoin XT nodes, Bitcoin Unlimited nodes, bitpay nodes, and bitcoin core nodes?
I know XT wants massive blocks if enough people use it, but I don't know what the other two contender wallets want.
Did you enjoy living under a rock for such a long time?
Anyway, welcome back.
Well gentlemand is a hero and he doesn't know what a bitpay node is, and I'm only senior. Fortuitously Fatman3001 read an explanation by brg444 who said they want kill all the firstborn. Gentlemand came to the conclusion that bitpay is coming to his shack to strangle his kitten, so it must be an evil node.
Can you add to our knowledge about WTF a bitay node is?
I think brg444 said something about them wanting to destroy the world with their multiculturalist marxist agenda. And kill all the firstborn.
I don't know what this Bitpay node is, but if it's in any way a threat to our benign Core Masters then I can categorically state that Bitpay came around my shack and strangled my kitten. It hasn't happened yet but in a sense it already has and it definitely will. FACT.
January 08, 2016, 01:25:17 PM
Cheap coins
January 08, 2016, 01:17:23 PM
What is 
"69% full" 
?
"69% full" ?I am sorry but we are not supposed to talk about full blocks on this forum. If you however rephrase your question to 31% empty, then I am able to help.
January 08, 2016, 01:04:26 PM
^OK.
Hey, how come nobody's talkin' 'bout this?
https://bitcoin.org/en/bitcoin-core/2016-01-07-statement
It's like you all just up and forgot how to appreciate Blockstream!
Hey, how come nobody's talkin' 'bout this?
https://bitcoin.org/en/bitcoin-core/2016-01-07-statement
It's like you all just up and forgot how to appreciate Blockstream!
hahahahaha...
The reason is because, for some strange reason, the one instrument marching band, BJA, has disappeared from this thread and has NOT been trolling in recent days.
He (BJA) is probably out trying to figure out his story in order to make a come back and to tell us about his having had made "mucho bucks" in the latest BTC price movement because of our small blocker stupidities.
don't worry.. i got the trash talking covered while he is away .
I made a few bucks lending out my fiat to bulls. The interest rate has shot up. Look, I don't know for sure if we're going to get a network congestion crash, but it's a very real risk. I have a higher percentage of my net worth in BTC than almost anybody else here. I HOPE I'm wrong, but it's just plain irresponsible not to factor in the danger when we are running so close to maximum capacity and getting closer every day.
The Blockstream core devs have an incentive to overstate the problems with large blocks. They have an incentive to restrict network capacity and keep it congested. That doesn't automatically mean that they are acting on those incentives, but if they are, it would explain a lot of their actions and rhetoric.
What I am more worried about is the possibility that there is an ongoing rough consensus attack that will keep ANY resolution from being implemented until Bitcoin loses first mover advantage. But I guess it doesn't ultimately matter if the impasse is intentional or not. What matters is whether or not Bitcoin is really anti-fragile, and that is unknown at this point.
I'm saying the transaction relay network may crash when it gets so close to full capacity that transactions fail, get repeatedly resubmitted which makes the congestion and failure rate worse, and this condition will remain until there is a market crash and enough people stop using Bitcoin to clear the backlog. If this happens in conjunction with the high profile launch of a competing cryptocurrency, it may be enough to overcome Bitcoin's network effects and turn us into the MySpace of crypto.
January 08, 2016, 01:02:24 PM
January 08, 2016, 12:56:36 PM
Already 94 bitpay nodes!!
https://www.reddit.com/r/btc/comments/3zzkqg/bitpay_core_v1299_already_at_94_nodes_and_counting/
So now, we have 570 bitcoin XT nodes, 120 Bitcoin Unlimited nodes, 94 bitpay nodes and 5000 bitcoin core nodes. Great.
https://www.reddit.com/r/btc/comments/3zzkqg/bitpay_core_v1299_already_at_94_nodes_and_counting/
So now, we have 570 bitcoin XT nodes, 120 Bitcoin Unlimited nodes, 94 bitpay nodes and 5000 bitcoin core nodes. Great.
WTF is a bitpay node? Has bitpay started up its own version of the Bitcoin wallet? What's the differences between bitcoin XT nodes, Bitcoin Unlimited nodes, bitpay nodes, and bitcoin core nodes?
I know XT wants massive blocks if enough people use it, but I don't know what the other two contender wallets want.
Did you enjoy living under a rock for such a long time?
Anyway, welcome back.
January 08, 2016, 12:36:34 PM
^OK.
Hey, how come nobody's talkin' 'bout this?
https://bitcoin.org/en/bitcoin-core/2016-01-07-statement
It's like you all just up and forgot how to appreciate Blockstream!
Hey, how come nobody's talkin' 'bout this?
https://bitcoin.org/en/bitcoin-core/2016-01-07-statement
It's like you all just up and forgot how to appreciate Blockstream!
hahahahaha...
The reason is because, for some strange reason, the one instrument marching band, BJA, has disappeared from this thread and has NOT been trolling in recent days.
He (BJA) is probably out trying to figure out his story in order to make a come back and to tell us about his having had made "mucho bucks" in the latest BTC price movement because of our small blocker stupidities.
don't worry.. i got the trash talking covered while he is away .
I made a few bucks lending out my fiat to bulls. The interest rate has shot up. Look, I don't know for sure if we're going to get a network congestion crash, but it's a very real risk. I have a higher percentage of my net worth in BTC than almost anybody else here. I HOPE I'm wrong, but it's just plain irresponsible not to factor in the danger when we are running so close to maximum capacity and getting closer every day.
The Blockstream core devs have an incentive to overstate the problems with large blocks. They have an incentive to restrict network capacity and keep it congested. That doesn't automatically mean that they are acting on those incentives, but if they are, it would explain a lot of their actions and rhetoric.
What I am more worried about is the possibility that there is an ongoing rough consensus attack that will keep ANY resolution from being implemented until Bitcoin loses first mover advantage. But I guess it doesn't ultimately matter if the impasse is intentional or not. What matters is whether or not Bitcoin is really anti-fragile, and that is unknown at this point.
Nice to see you haven't gone full aztec on us. If there is an intentional "rough consensus attack" going on, who do you think is conducting it?
Cui Bono? Who benefits? The State(s), Banks, Zuckerberg, the list of suspects is long.
The problem is not just Core's decision-making process. It's Bitcoin's reliance on Core. It's laughable that they cry about centralization when they themselves are Bitcoin's greatest central point of failure.
January 08, 2016, 12:33:36 PM
^OK.
Hey, how come nobody's talkin' 'bout this?
https://bitcoin.org/en/bitcoin-core/2016-01-07-statement
It's like you all just up and forgot how to appreciate Blockstream!
Hey, how come nobody's talkin' 'bout this?
https://bitcoin.org/en/bitcoin-core/2016-01-07-statement
It's like you all just up and forgot how to appreciate Blockstream!
hahahahaha...
The reason is because, for some strange reason, the one instrument marching band, BJA, has disappeared from this thread and has NOT been trolling in recent days.
He (BJA) is probably out trying to figure out his story in order to make a come back and to tell us about his having had made "mucho bucks" in the latest BTC price movement because of our small blocker stupidities.
don't worry.. i got the trash talking covered while he is away .
I made a few bucks lending out my fiat to bulls. The interest rate has shot up. Look, I don't know for sure if we're going to get a network congestion crash, but it's a very real risk. I have a higher percentage of my net worth in BTC than almost anybody else here. I HOPE I'm wrong, but it's just plain irresponsible not to factor in the danger when we are running so close to maximum capacity and getting closer every day.
The Blockstream core devs have an incentive to overstate the problems with large blocks. They have an incentive to restrict network capacity and keep it congested. That doesn't automatically mean that they are acting on those incentives, but if they are, it would explain a lot of their actions and rhetoric.
What I am more worried about is the possibility that there is an ongoing rough consensus attack that will keep ANY resolution from being implemented until Bitcoin loses first mover advantage. But I guess it doesn't ultimately matter if the impasse is intentional or not. What matters is whether or not Bitcoin is really anti-fragile, and that is unknown at this point.
I'm saying the transaction relay network may crash when it gets so close to full capacity that transactions fail, get repeatedly resubmitted which makes the congestion and failure rate worse, and this condition will remain until there is a market crash and enough people stop using Bitcoin to clear the backlog. If this happens in conjunction with the high profile launch of a competing cryptocurrency, it may be enough to overcome Bitcoin's network effects and turn us into the MySpace of crypto.
i have already prepared for such an eventuality. it probably won't be a new coin, instead it might be an already established coin that steals the limelight.
January 08, 2016, 12:31:52 PM
I have about 60% of my money invested in Bitcoin wich actually is at a non loss/non profit level @450. I got 35% of the rest of my money stored here at home. And I have no idea what to do with it? Should I invest this in more BTC? This is money I expect that I don´t need it anytime soon.
if u don't own a gun, then buy a gun and ammo.. if you already own a gun and ammo, then buy pms .. that will really leave em pissed.
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