Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19804. (Read 26609927 times)
December 19, 2015, 06:16:25 AM
Wow this is so dull I had to go the casino and got much better action in the poker room playing 2/5 holdem.
December 19, 2015, 06:00:35 AM
December 19, 2015, 05:33:10 AM
Economic considerations should also be given for developing countries where bandwidth costs are high, as are imported technological goods like hard disks, ram and high end CPUs/mobos. The western world doesn't really understand the problem.
Serious question as a 'western world citizen'. How do developing countries use the Internet nowadays? Do they have big hubs and data centers like in the west? Or do they just make use of the Internet as it is hosted in the more developed countries?
Without taking a position in the debate, I can't judge it well enough, it seems like sending and receiving a few kilobytes is plenty for making a transaction.
Typically there are no big hubs or data centers, except in some cases where it makes sense due to a country being a hub for other nearby countries, so serving data regionally makes sense instead of connecting to Europe, the US, etc.
The reason is that developing countries can't get competitive rates for their connectivity. Cost per gbps is much higher than the west due to very low economies of scale. And that's also why some ISPs can give you, say, 100mbps connections and then tell you that you can't really use more than a few GBs per month for downloading (but you can use more for local sites, local ftp, local P2P use, etc - because that is traffic which at a national level is like an intranet and you are not paying Verizon or Level 3 to "feed you").
The few kilobytes indeed aren't a problem. Running a full node or syncing a blockchain that is, say, 100-200-500 GB or 2 TB will be prohibitive in cases where capping is an issue.
Not having cheap access to technology & bandwidth is a major contributing factor for this situation: https://bitnodes.21.co/
December 19, 2015, 05:24:41 AM
The core devs have no incentive to fix the scaling problem if the price is high. You wanna wait until the fee market is in effect and Zuckerberg rolls out FBcoin with zero fees? I'll buy back in when and if the 1MB4EVA crowd cashes out. I started buying at $6 so my battle is won.
First block over 1MB and I'm back in.
Have you read about the segregated witness implementation yet?
https://bitcointalksearch.org/topic/segregated-witness-the-solution-to-scalability-short-term-1279444
Yeah. Gavin says it's a cool idea and needs to be tested, but he also said it wasn't enough to fix the problem. That is a long way off from implementation if it ever happens and blocks will be full before then. ANY patch seems to be too controversial to implement. If the rough consensus attack continues, the differences in opinion can be exploited to ensure it doesn't happen.
December 19, 2015, 05:14:49 AM
Economic considerations should also be given for developing countries where bandwidth costs are high, as are imported technological goods like hard disks, ram and high end CPUs/mobos. The western world doesn't really understand the problem.
Serious question as a 'western world citizen'. How do developing countries use the Internet nowadays? Do they have big hubs and data centers like in the west? Or do they just make use of the Internet as it is hosted in the more developed countries?
Without taking a position in the debate, I can't judge it well enough, it seems like sending and receiving a few kilobytes is plenty for making a transaction.
Gimme a break. My node cost me $118 bucks.
December 19, 2015, 05:09:39 AM
December 19, 2015, 05:03:46 AM
Economic considerations should also be given for developing countries where bandwidth costs are high, as are imported technological goods like hard disks, ram and high end CPUs/mobos. The western world doesn't really understand the problem.
Serious question as a 'western world citizen'. How do developing countries use the Internet nowadays? Do they have big hubs and data centers like in the west? Or do they just make use of the Internet, but hosted in the more developed countries?
Without taking a position in the debate, I can't judge it well enough, it seems like sending and receiving a few kilobytes is plenty for making a transaction.
December 19, 2015, 05:00:36 AM
December 19, 2015, 04:44:22 AM
The core devs have no incentive to fix the scaling problem if the price is high. You wanna wait until the fee market is in effect and Zuckerberg rolls out FBcoin with zero fees? I'll buy back in when and if the 1MB4EVA crowd cashes out. I started buying at $6 so my battle is won.
First block over 1MB and I'm back in.
Have you read about the segregated witness implementation yet?
https://bitcointalksearch.org/topic/segregated-witness-the-solution-to-scalability-short-term-1279444
December 19, 2015, 04:00:35 AM
December 19, 2015, 03:54:56 AM
Sorry, Guys. You can have high prices or you can have high transaction fees, but you can't have both.
Just hold the price above $400 until I can get my old coins out of cold storage.
I'm outie.
Just hold the price above $400 until I can get my old coins out of cold storage.
I'm outie.
"And that, I think, was the handle—that sense of inevitable victory over the forces of Old and Evil. Not in any mean or military sense; we didn’t need that. Our energy would simply prevail. There was no point in fighting—on our side or theirs. We had all the momentum; we were riding the crest of a high and beautiful wave. . . .
So now, less than five years later, you can go up on a steep hill in Las Vegas and look West, and with the right kind of eyes you can almost see the high-water mark—that place where the wave finally broke and rolled back."
So that's that? You give up before we even find out if the battle is lost?
The core devs have no incentive to fix the scaling problem if the price is high. You wanna wait until the fee market is in effect and Zuckerberg rolls out FBcoin with zero fees? I'll buy back in when and if the 1MB4EVA crowd cashes out. I started buying at $6 so my battle is won.
First block over 1MB and I'm back in.
December 19, 2015, 03:33:31 AM
Sorry, Guys. You can have high prices or you can have high transaction fees, but you can't have both.
Just hold the price above $400 until I can get my old coins out of cold storage.
I'm outie.
Just hold the price above $400 until I can get my old coins out of cold storage.
I'm outie.
December 19, 2015, 03:12:42 AM
December 19, 2015, 03:00:36 AM
December 19, 2015, 02:00:36 AM
December 19, 2015, 01:00:36 AM
December 19, 2015, 12:09:25 AM
December 19, 2015, 12:08:21 AM
I guess a concern (for someone who was prone to be concerned about such things) could be that we become of victim of too much adoption too quicky (Santa?), transactions get all jammy and we're just as quickly disowned.
Yep and that's what all the fuss is about lol I don't think short term its a big issue resulting in that... but will have to be reckoned with one day soon. In deep Bitcoin time then, a scenerio where fees replace block rewards is inevitable. Is that right?
And one day miners will form a a union and demand higher fee's and better retirement packages
December 19, 2015, 12:06:55 AM
December 19, 2015, 12:03:38 AM
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