omg why.
no ponzi factor to rise bitcoins pls.
if that is, then we are out.
let's seek for 500.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19807. (Read 26609914 times)
December 18, 2015, 08:09:35 PM
December 18, 2015, 08:09:27 PM
December 18, 2015, 08:07:19 PM
We in for another exciting friday night?
December 18, 2015, 08:04:33 PM
chart looks strong as fuck
December 18, 2015, 08:03:41 PM
So it has begun 
December 18, 2015, 08:00:38 PM
December 18, 2015, 08:00:36 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
December 18, 2015, 07:58:28 PM
i quit mining because it is pointless to mine in the usa. you buy hardware to mine with and write that off along with ur electricity and whatever else. then you have to mine for months just to break even. then mine several more months to make profit. then you pay the irs income tax on everything you mined. then u have to wait a year to sell to get lower tax rate on the profit you sold your coins at. i mined mostly because i am a hardware geek who tinkered with mining hardware. you are better off just straight buying coins and HODL them. you do not get taxed (at least not yet ) for buying and holding bitcoins. HODL for at least one year and you wont pay as high of taxes (if you consider the 15% TAX RATE THAT OBAMA RAISED TO 20% AS NOT ABUSIVE HIGH TAXES). all my cold storage coins will be one year or older at new years. no point in me selling them though.
i believe the usa govy taxes are to high in an extreme way. we are talking abusively high taxes.
i believe the usa govy taxes are to high in an extreme way. we are talking abusively high taxes.
There's no better way to get clean coins though.
December 18, 2015, 07:57:19 PM
Massive new data centres using new generations of highly efficient mining chips. This is mining now:
That is ridiculous
December 18, 2015, 07:55:38 PM
People that want a bigger block are just socialists that want their free transactions.
Bull. Fucking. Shit.
Do not ascribe to me characteristics which I do not possess. You seem to be so blinded by your ideology that you cannot even allow for your opposition to possess humanity within.
Quote
Fees is what pays for the security of the network. The block subsidy is temporary. The total value of the fees correlates directly into a level of security.
We don't need to rehash this truism. We all know this.
Quote
Fees will be lower overall with a larger block size (more supply) so security will be lower.
Another bald unsupported assertion. Show the analysis please.
An alternate hypothesis (one I deem more rational) is that per-transaction fees do not need to rise to untenable levels, should more transactions be allowed within each block. Well, that's not a hypothesis, that is a provable fact by appeal to simple arithmetic. The hypothesis is that total fees will be larger in this case than they will be in a smallblock world.
Here is another hypothesis, one many deem plausible: that faced with a Bitcoin with little utility because it does not support enough tps to allow a person to use it directly, and the option of XCoin (I hope there is not real coin named XCoin - this is just a variable) with all the characteristics of Bitcoin save its blocksize limitation, enough will adopt XCoin because it provides them real utility, such that XCoin will overtake Bitcoin in transaction volume, monetary volume, and mining concentration.
December 18, 2015, 07:55:20 PM
Fees don't compensate for shit if the price is only $200/BTC.
Good luck getting anymore VC money, much less wall street money for a network that doesn't scale. Good luck with the feds if the only people using it are drug dealers, tax cheats and terrorists.
Good luck getting anymore VC money, much less wall street money for a network that doesn't scale. Good luck with the feds if the only people using it are drug dealers, tax cheats and terrorists.
December 18, 2015, 07:51:23 PM
People that want a bigger block are just socialists that want their free transactions.
So who's a member of the Free Shit Army now?
I send a zero fee transaction yesterday. It was included in the first block.
I never pay a fee if I don't have to...
I never pay a fee if I don't have to...
December 18, 2015, 07:49:44 PM
[more crazily formatted, incoherent anger]
What are you talking about? What conspiracy? What $450? What's wrong with you?
Edit: OK, remember you now.
Edit: OK, remember you now.
...
[4] Don't argue with JayJuanGee.I think he has Assburgers.
[4] Don't argue with JayJuanGee.
To recap:
1. Never said that I sold at 450.
2. Never suggested a conspiracy.
3. You're unpleasant and also fucking insane. Enough. Welcome to my ignore list
Yes, you can deny 1 and 2, but the substance of your posts speak for themselves.. in that you are either incapable of explaining yourself at best or full of shit under worse interpretation.
Yes, from time to time, it can be unpleasant and maybe even a bit uncomfortable to engage in an actual substantive and meaningful discussion with another person on a quasi-anonymous forum rather than employing personal attacks... and then running away.
hopefully, somehow your failure/refusal to engage with me regarding your prior assertions will either find you some solace or improve your abilities in the future to present your opinions, facts and/or arguments with a bit more coherence, but I must admit, I have a few doubts about your emotional stability, especially since you seem a bit less than capable in accepting a bit of a challenge to your presentation of information... you may be a bit too used to mommie pampering you?
December 18, 2015, 07:41:21 PM
People that want a bigger block are just socialists that want their free transactions.
Bull. Fucking. Shit.
Do not ascribe to me characteristics which I do not possess. You seem to be so blinded by your ideology that you cannot even allow for your opposition to possess humanity within.
Quote
Fees is what pays for the security of the network. The block subsidy is temporary. The total value of the fees correlates directly into a level of security.
We don't need to rehash this truism. We all know this.
Quote
Fees will be lower overall with a larger block size (more supply) so security will be lower.
Another bald unsupported assertion. Show the analysis please.
An alternate hypothesis (one I deem more rational) is that per-transaction fees do not need to rise to untenable levels, should more transactions be allowed within each block. Well, that's not a hypothesis, that is a provable fact by appeal to simple arithmetic. The hypothesis is that total fees will be larger in this case than they will be in a smallblock world.
Here is another hypothesis, one many deem plausible: that faced with a Bitcoin with little utility because it does not support enough tps to allow a person to use it directly, and the option of XCoin (I hope there is not real coin named XCoin - this is just a variable) with all the characteristics of Bitcoin save its blocksize limitation, enough will adopt XCoin because it provides them real utility, such that XCoin will overtake Bitcoin in transaction volume, monetary volume, and mining concentration.
December 18, 2015, 07:40:38 PM
So his machines would contribute hash to the pool that solves blocks? And get a cut of the reward based on how much hash he provided?
Right, they delegate those decisions to the pool operator.
December 18, 2015, 07:29:27 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?
I doubt he's running a pool and solving blocks. Smaller miners are mostly worker bees communicating with the hive over stratum.
December 18, 2015, 07:28:34 PM
The bigger the blockchain, the more unusable and more centralized it becomes.
Baldly unsubstantiated assertion. Actually two of them. I disagree with both.
1) The bigger the blockchain the more transactions it has processed > the more it has been used > the more usable it is.
2) The
Quote
Economic considerations should also be given for developing countries where bandwidth costs are high,
By ensuring that they have no recourse to direct transactions upon the blockchain? Logical inconsistency duly noted.
edit: emphasized
December 18, 2015, 07:11:39 PM
No fee doesn't mean free transactions. I paid for those transactions when I bought my stash. I pay for it with every coin I buy now. I was subsidizing the miners so the network can grow. Then you assholes came around and thought Bitcoin could be more useful if fewer people can use it. This isn't the vision I signed up for. This isn't the reason I held on through three crashes.
Over four hundred is a nice profit for me. If you think you can handle it without me, just keep the price this high until I pull my coins out of storage.
These were the rules from when you bought in. Now you guys are trying to change it. Fork the chain and make your own altcoin. If you succeed power to you.
You know damn well those were not the rules. The rules are 21 million coins peer-to-peer electronic cash system. You're hanging your whole argument on a technicality that was just supposed to be a temporary kludge.
We've been over and over this. Fuck you. You're the fucking attack vector. Good luck with your cripplecoin. We have the code to do it better now. It's only a matter of time before We Facebook your Myspace ass.
Game on!
December 18, 2015, 07:05:08 PM
any trains coming? ccmf, or?
Now's your chance, TERA. You can buy and sell that giant stash of yours with little slippage either way. Oh, that's right. You're already margin long. Well double down I guess.
December 18, 2015, 07:05:02 PM
At the end of the day, miners will control bitcoins future in a very precarious way. Maybe not centralizing per' se, but will have the ultimate sway in fee's and the security they provide in processing and so forth.
Jump to: