Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19759. (Read 26619992 times)

yes i think we agree that we are different kind of bull  

im mid-long term bull

btw Merry Christmas to everyone

Murry Christmas bears and bulls

BASE TEN MATH

Some day in the near future, Ten or more companies will make 10K transactions or more each. These are your usual suspects: Circle, 21, Coinbase, Bitpay, and some large exchanges.
10 X 10000 =100,000

On that same day, 100 smaller companies are going to make 1K transactions or more each. These are companies like purse.io, bitquick, small gambling sites, smaller exchanges, darknet sales, etc.
100 X 1,000=100,000

Also on that same day, 1000 or more companies will make 100 or more transactions selling goods, remittances, etc.
1,000 X 100=100,000

But we can't forget about the much more common small businesses and individual heavy users who will make ten or more transactions that day.
10,000 X 10=100,000

And then you have people like you and me who may make just one transaction.
100,000 X 1=100,000

So that fills up the entire days worth of blocks and then some, but we still have the light users, the ones who do maybe 1 transaction every 10 days:
1,000,000 x 0.1 =100,000

How many transactions is that? 600K? way too many. So fees creep up. 10% decide that the cost is too high in time or fees and give up.  How many left? 500K. still too many. Fees keep going up.  Transactions take hours to confirm. This makes some traders nervous, and they start pulling coins off exchanges. Traffic increases by the same 10% who gave up. This makes other people nervous. Coinbase and Bitpay users start to users start to fear their business model is unworkable and move their coins to private wallets. This increases traffic even more. It now takes 10 hours to confirm a transaction.

At this point, Ten of the many, many enemies of bitcoin see an opportunity. For $10,000 in fees, they flood the blockchain with yet MORE transactions, increasing the panic which of course makes even more people want to move their coins around. When they see how effective this attack is, they go for the kill and spend $100,000 to back up traffic for 10 days. 

What would happen after that is unpredictable, beyond the singularity. What do you think might happen?

Coin



Explanation

+1

Just catching up due to working 12 days in a row and just found out I'm working for a short while tomorrow early Christmas day:P

Merry Christmas to all and also Monkey


The following is an unpaid signature.

Yes, fees and block reward both are to secure the network. Thanks for making my point for me.

 What sort of person gets upset that somebody's getting too good of a deal, when he's not even a party to the transaction?  If you're running a node, and you think it's too taxing, then stop. If you're not running a node then why do you give a shit? Some people are getting good security inexpensively and others are providing good security inexpensively. The horror. the horror.

To all bitcointalk  junkies active right now:
 give me a  +1

not that much changes, lol.
bud, we need some major issues.

Coin



Explanation

Coin



Explanation

we are playing bomberman online here:

http://battlecoin.org/#nNyG

is a fucking vicious

I'm still the same ONE. 

In the past month or two, due to the politely-phrased request of BlindMayorBitcorn, I decided to attempt to considerably lessen my employment of ALL CAP emphasizing because it had become more apparent to me that from time to time (and probably too much) such style was detracting from my attempts to relay content.   hahahahahaha     

Ultimately, forum administrators should be able decide whether or not his approach and/or repetitive substance is contributing value or taking away value from the forum and/or this thread.

I see nothing wrong with posters having strong opinions and articulating strong opinions, so long as others are not being drowned out or even overwhelmed by the seemingly purposeful irrelevant clutter. 

Even though I frequently don't agree with BjA's posts, I agree that sometimes he highlights some valid points... currently, I am personally of the conclusion that he has gone way overboard in his apparent maniacal obsessions . and accordingly he is causing (and possibly on purpose) the inability of others to contribute...

15 of 21m are already issued - most of the monetary base distribution is over with and the upward price movement due to scarcity more than compensates. That's what the long term trend says.

Soon we'll get half block rewards and after 4 years another 50% cut.

In any case, PoS or PoW/PoS coins are an alternative for those who don't like BTC's distribution or are too anxious to reduce inflation right now (that won't happen).

*NOT
Impostor!

Yes, it seems so. 

If you are not being paid, then you should be.  I am just not convinced that any quasi-normal person would go to the extreme methods that you employ in order to clutter this thread with your various reiterations and repackaging of what is becoming more clearly recognized as utter non-sense and irrelevance in the whole scheme of things.

Certainly, you are not a dumb person, and many of your posts are fairly intelligently articulated and even refraining from personal attacks... but they are still substantively garbage because they clutter, repeat and squeeze out meaningful and informative discussion(s).

In that regard, your ongoing thread clutter seems to be of a similar level of nuisance value as jorge's various "academic interest" contributions; however, at least, in recent weeks, either on purpose or coincidentally, jorge has (by hook or by crook) seemed to exercise some good sense in being absent from some of his doom and gloom speculations regarding the future of bitcoin. But, likely he (jorge) will also strategically return to the thread when there may seem an opportunity for some of his bullshit to resonate with some readers.  With you, on the other hand, I am just surprised that for so long of a period of time, you have gotten away with having any credibility with some genuine posters in this thread beyond that of a troll.

I recognize that through the years, you may have had some semblance of contribution(s), beyond just becoming obsessive/compulsive and possibly worsening in recent months. 

I don't have enough patience or will-power to review your post history with that level of scrutiny to suss out contribution as compared with non-contribution, but I would think that with your recent obsessive conduct, you should have provided more than sufficient evidence for any forum administrator to feel comfortable and justified to ban and/or suspend your account - because as I already asserted, you are and have been single-handedly robbing considerable value from more genuine forum posters through your rubbish bullshit repeated and repackaged posts.

Coin



Explanation

Sure, BJA expresses a contrarian opinion frequently.

Some others (look around) spend significant forum space merely complaining about BJA expressing an opinion.

Those who try to shake free their bias and look at the situation objectively might find one of these -- or may find the other of these -- as annoying.

just sayin'