Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19806. (Read 26609921 times)
December 18, 2015, 09:06:07 PM
If you follow the Heikin Ashi 1D with EMA 20, this is your last chance to buy sub $465 c0ainZ for a while.
December 18, 2015, 09:02:20 PM
I have this feeling like either its time to buy or the last chance to sell, but I don't know which one... so I just hodl.
in other words, the next 24h are critical
December 18, 2015, 09:00:37 PM
December 18, 2015, 09:00:30 PM
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. 
December 18, 2015, 08:57:16 PM
I guess a concern (for someone who was prone to be concerned about such things) could be that we become victim of too much adoption too quicky (Santa?), transactions get all jammy and we're just as quickly disowned.
Isn't it?
Isn't it?
December 18, 2015, 08:41:39 PM
Would be an uphill battle for another coin to muscle out BTC.
I agree. It would take a pretty significant advantage for some other coin to capture Bitcoin's market share. I believe the fact that such an XCoin competitor would be usable by people directly due to tps capability, rather than requiring all users to line up behind centralized aggregated access providers required by a 4 tps Bitcoin, may be such an advantage.
Further, once everyone is using these centralized aggregated access providers anyhow, what is the motivation of these centralized actors to continue to use the relatively expensive Bitcoin, rather than the more capable, cheaper XCoin?
Litecoin is faster and presumably has the potential to be equally secure. (I believe.) Wasn't that the test to pass?
and again, is a fork of BTC, albeit a great coin 
December 18, 2015, 08:39:39 PM
I have this feeling like either its time to buy or the last chance to sell, but I don't know which one... so I just hodl.
December 18, 2015, 08:33:53 PM
Would be an uphill battle for another coin to muscle out BTC.
I agree. It would take a pretty significant advantage for some other coin to capture Bitcoin's market share. I believe the fact that such an XCoin competitor would be usable by people directly due to tps capability, rather than requiring all users to line up behind centralized aggregated access providers required by a 4 tps Bitcoin, may be such an advantage.
Further, once everyone is using these centralized aggregated access providers anyhow, what is the motivation of these centralized actors to continue to use the relatively expensive Bitcoin, rather than the more capable, cheaper XCoin?
Litecoin is faster and presumably has the potential to be equally secure. (I believe.) Wasn't that the test to pass?
@Tera Serenity NOW!
December 18, 2015, 08:32:50 PM
Massive new data centres using new generations of highly efficient mining chips. This is mining now:
That is ridiculous
Edit: But hard to see in that pic
That's actually KNC farm from about 2 years ago, Google "KNC MINING FARM," or here's some guy's tweet:
https://twitter.com/datavetaren/status/485388559256657920
December 18, 2015, 08:30:43 PM
>32,000 is coming. why is it we always choose this number btw?
Because our great thought leader, Adam of course, tells Bitcoin to do so. So it will happen, don't resist.
December 18, 2015, 08:29:33 PM
Would be an uphill battle for another coin to muscle out BTC.
I agree. It would take a pretty significant advantage for some other coin to capture Bitcoin's market share. I believe the fact that such an XCoin competitor would be usable by people directly due to tps capability, rather than requiring all users to line up behind centralized aggregated access providers required by a 4 tps Bitcoin, may be such an advantage.
Further, once everyone is using these centralized aggregated access providers anyhow, what is the motivation of these centralized actors to continue to use the relatively expensive Bitcoin, rather than the more capable, cheaper XCoin?
December 18, 2015, 08:27:17 PM
what we need to be talking about now isn't block limit but TX manubillity and opening up bitcoin's scripting capabilities
December 18, 2015, 08:24:55 PM
In any event, when Bitcoin becomes more mainstream we will see regular computer nerds start firing up nodes. We're talking about a sizable group of individuals who'll spend as much as BJA spent on his "swampnode" on a keyboard.... with fancy buttons with programmable led's (Fingers crossed. Bring it to me Santa!!!).
I'd love if that were true but we've reached a considerable percentage of the nerd market in the last few years and yet for the amount of nodes count as never been lower.
It is true. When you push a button the led's ripple through the keyboard. Or you can highlight buttons you frequently need to use... or need to avoid. I doubt it's as useful as I imagine it to be, but let's not let reality get in the way of a good nerdgasm.
December 18, 2015, 08:23:41 PM
what we need to be talking about now isn't block limit but TX manubillity and opening up bitcoin's scripting capabilities
>32000 <2 years!
>32000 <2 years!
December 18, 2015, 08:18:58 PM
I love listening to you guys talk.
December 18, 2015, 08:17:33 PM
In any event, when Bitcoin becomes more mainstream we will see regular computer nerds start firing up nodes. We're talking about a sizable group of individuals who'll spend as much as BJA spent on his "swampnode" on a keyboard.... with fancy buttons with programmable led's (Fingers crossed. Bring it to me Santa!!!).
I'd love if that were true but we've reached a considerable percentage of the nerd market in the last few years and yet for the amount of nodes count as never been lower.
December 18, 2015, 08:16:46 PM
Are we still talking about blocksize? they increased the limit already... its set in the code to change in 3 months once 90% is working with this version, of course miners will keep their soft 1MB limit ( whiles still expecting block <2MB ) until they feel its right to bump their soft limit to 1,256KB
December 18, 2015, 08:11:40 PM
Fatman, you mine. I wouldn't consider you a threat to decentralization. What size blocks do you figure would keep fees low and keep you running smoothly? If prices are higher, is there more competition for txn's? Or will small mines have a harder time solving blocks?
*sorry for all the n00b questions. I've just been informed I'm on the verge of hero status. I still know nothing.
*sorry for all the n00b questions. I've just been informed I'm on the verge of hero status. I still know nothing.
Block size isn't a huge problem for regular miners. As CConvert2G36 points out, I only send my hashes and receive work from the pool. We're talking about tiny amounts of data. The pools can afford to pay for decent internet and/or a hosting service.
The "real" problem is the non-mining nodes who don't get paid to transmit transactions. But I think you and I pretty much agree here. There's enough decent internet in the world to keep the network running with far bigger block sizes. Storage is getting cheaper and cheaper. HW in general is getting cheaper and cheaper. If you live in an area with shitty internet you might want to avoid running a node. But those areas are getting fewer and farther between.
Some "anecdotal evidence" might suggest that people are running their nodes over wifi, which I would strongly recommend against if you want to use you internet for anything else.
In any event, when Bitcoin becomes more mainstream we will see regular computer nerds start firing up nodes. We're talking about a sizable group of individuals who'll spend as much as BJA spent on his "swampnode" on a keyboard.... with fancy buttons with programmable led's (Fingers crossed. Bring it to me Santa!!!).
December 18, 2015, 08:10:29 PM
That's a sweet dragonfly doji on the 3d. Pressure is up.
Lot of margin will be squeezed either way.
Lot of margin will be squeezed either way.
December 18, 2015, 08:10:13 PM
Would be an uphill battle for another coin to muscle out BTC.
I agree. It would take a pretty significant advantage for some other coin to capture Bitcoin's market share. I believe the fact that such an XCoin competitor would be usable by people directly due to tps capability, rather than requiring all users to line up behind centralized aggregated access providers required by a 4 tps Bitcoin, may be such an advantage.
Further, once everyone is using these centralized aggregated access providers anyhow, what is the motivation of these centralized actors to continue to use the relatively expensive Bitcoin, rather than the more capable, cheaper XCoin?
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