Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19734. (Read 26609889 times)

If a better understanding of the issues would harm their profits corporations are incentivized to muddy the waters.

If a company wants to move public opinion to increase profits it has a basket of highly scientific tools at its disposal. What do people believe today? What do we want them to believe tomorrow? What is the most cost-effective way to bring about this change? 40% of Americans believe the world began sometime after the domestication of the dog not because the facts aren't clear but because religious organizations have the same basket of tools and the same incentives to use them. TANSTAAFL^*. It's a grim kind of accounting, but there are always prices to pay. I think what everybody wants to know is how much for your sidechain sandwich? Liquid lunch? Don't I have a meeting this afternoon... Blockstream is made up of Core devs who were so convinced Bitcoin couldn't scale right they created a company, and their company is naturally designed to profit off the overlay. Replace-by-fee is a bad idea, which is neccessary for Lightning Network, which wouldn't be necessary if we could scale right; which we probably can. But we might never know it if we settle for the sandwich.
^*Acronym, there ain't no such thing as a free lunch; this is a concept that has deep explanatory power, in physics (the laws of thermodynamics), evolutionary theory (the biological costs of the peacock's tail), and economics.

Tl;dr Blockstream is convinced we need a sandwich and has set about convincing us we need a sandwich. (It isn't clear we need a sandwich, or how we'll end up paying for it.)

that's some hard evidence to expect an imminent price rise of comparable scale.

1 exahash/s limit to be broken tonight?

https://blockchain.info/charts/hash-rate?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

looks like a bearflag forming on the 4h.

Once it dips below the trendline I can see follow thorough. Even if it pumps at this point I can see a lot of people shorting this on the pump.

Mine's about 125-200. I nearly fell off my chair using a first world connection to upload a 400mb file in less than a couple of minutes. That would seize my internet for most of a day.

Worst. Troll. Ever.

MP is really scraping the bottom of the barrel with you. You make iCBREAKER seem like Kofi Annan by comparion.

Im pretty sure it makes sense if he's talking about his private connection.
For example the avg upload bandwith in germany is less then 100 kbytes/s (2015).
I know it is pretty sad...

enough with the whining gimmick.

bitcoin will not adapt to your retard lifestyle.

you choose to use bitcoin... or you dont.

see? you have a choice!

I don't have massively strong feelings about XT or Coinbase but the github thread regarding removing Coinbase from bitcoin.org makes for truly loathsome reading. 'We definitely need to coerce Coinbase into switching back to Bitcoin Core' and proposing making their fees 4x higher. Nice 'consensus' you pathetic little shits.

btc-e is the leading exchange.

what did i miss?

monkey monkey

Maybe. But you have what seems to be an irrational belief that the world will start pouring mountains of money into a system that can't accomodate them as users. I find that puzzling.

Sub 400 ain't happening gentlemen - Buy now or cry later.

yep.

Do you know what happens if miners start using Blockstream segwit, and you don't use their latest debased codebase...? 

So you think that because you have written the two words "Goldman Sachs" you somehow have made a point?

can you even read? here i bolded the evil part for ya.

ps: i dont give a heck about core which is more of a debased codebase anyway, may they phr0k you noobs *softly*

seem you corporatists regulated sheeps prefer it with some lub after all.

Coin



Explanation

It's not because it's a corporation that it somehow makes them evil. Are you a socialist? That would explain why you love the central planners of Core.