Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19819. (Read 26609716 times)
December 17, 2015, 07:59:20 PM
You should add a few coins to your short
December 17, 2015, 07:58:45 PM
But i hear many blocks get mined with zero or few tx's.. why?
edit - dafuq is a lambie sorry hahaha
Lot of spam transactions, clog up the fucking bitcoind getwork. Thus transactions have to have a min tx fee. Also there is a fake belief that not putting the transactions into the found block will allow your crap-pool to mine a tiny advantage on the next block. edit - dafuq is a lambie sorry hahaha
December 17, 2015, 07:56:29 PM
But i hear many blocks get mined with zero or few tx's.. why?
edit - dafuq is a lambie sorry hahaha
edit - dafuq is a lambie sorry hahaha
December 17, 2015, 07:55:15 PM
Lambie seems more retarded than usual. Are they working shifts?
Yrpapers? Dunno, I've started putting any new posters here on ignore - I feel guilty about the false positives, but not that guilty. There's been a couple of times I've been drawn into a conversation and half way through had my ovine suspicions confirmed and ended up sticking the wee lamb's latest alt on ignore.
People have been more diligent about "Report to moderator" and those accounts haven't been lasting long anyway.
Though there's at least one with a fairly decent activity count where I think Lambie is playing the long con.
December 17, 2015, 07:53:30 PM
So who's buying today that couldn't have bought yesterday when FOMO was running rampant? Every ten minutes, new coins are mined. Every day, blocks get closer to 1MB. Every day, the people that bought above $460 feel a little more burned.
-Speculators
-Degenerates
-Drug users/Drug dealers
-Gamblers
-Rich people
-Techy coder types
Everyday, day after day.
December 17, 2015, 07:49:40 PM
So who's buying today that couldn't have bought yesterday when FOMO was running rampant? Every ten minutes, new coins are mined. Every day, blocks get closer to 1MB. Every day, the people that bought above $460 feel a little more burned.
December 17, 2015, 07:46:17 PM
Gmaxwell's roadmap for increasing the network capacity has good consensus and is the most logical way forward. Solutions for the long-term will gradually become more apparent as it approaches but a better solution is always only 1 lightbulb moment away. Discounting human ingenuity in favour of mediocre workarounds will doom you to losing money.
They've had YEARS to get a lightbulb moment. It's like waiting for economically viable fusion reactors. It's not just a technical issue. But it's worse than that. It's philosophical and ideological. It's expecting two guys who by your own admission have incentives to not do their goddamn jobs--who both have effective veto power--to come up with a solution that will ruin their side businesses.
The market had a chance to adopt an implementation that supported big blocks and it didn't so clearly there's a couple of holes in your logic.
December 17, 2015, 07:45:14 PM
How to know you're on the right side of things: spot where notorious paid troll jstolfi's allegiance lies and support the opposite.
December 17, 2015, 07:44:32 PM
Gmaxwell's roadmap for increasing the network capacity has good consensus and is the most logical way forward. Solutions for the long-term will gradually become more apparent as it approaches but a better solution is always only 1 lightbulb moment away. Discounting human ingenuity in favour of mediocre workarounds will doom you to losing money.
They've had YEARS to get a lightbulb moment. It's like waiting for economically viable fusion reactors. It's not just a technical issue. But it's worse than that. It's philosophical and ideological. It's expecting two guys who by your own admission have incentives to not do their goddamn jobs--who both have effective veto power--to come up with a solution that will ruin their side businesses.
December 17, 2015, 07:35:41 PM
Even if we hard fork with a 75% general concensus for a bigger transaction capacity, why would this cause anyone to sell out their stash? The derp is strong in this forum.
If that happened, I would go all in. Leveraged. Trade between long and margin long only.
December 17, 2015, 07:35:19 PM
UPDATE: SwampNode is up and running BitcoinXT on dedicated hardware. If you have a better solution, I'd like to hear it, but it had better be soon. We're getting full blocks daily now. Before long it will be hourly and then every damn one. You can imagine what happens to bitcoin price when the only offramp from the exchanges is fiat. Only it won't just be one exchange. It will be all of them.
You seem alarmed. 3 of 5 core devs are (I believe) in principle opposed to bigger blocks, and are by conflict of interest disincentivised to buckle. Problem?
This is wrong, (intentionally?).
The five core devs with commit access were:
Gavin A.
Greg M.
Jeff G.
Pieter W.
Wladimir vdL
Only 2 of 5 have now an affiliation with a commercial enterprise. Now Greg has rescinded commit access that is 1 of 4.
The technical problem of how to establish a fee market for future security has still not been solved. Hard-forking before a long-term solution gains broad consensus is dangerous.
Gmaxwell's roadmap for increasing the network capacity has good consensus and is the most logical way forward. Solutions for the long-term will gradually become more apparent as it approaches but a better solution is always only 1 lightbulb moment away. Discounting human ingenuity in favour of mediocre workarounds will doom you to losing money.
December 17, 2015, 07:33:36 PM
UPDATE: SwampNode is up and running BitcoinXT on dedicated hardware. If you have a better solution, I'd like to hear it, but it had better be soon. We're getting full blocks daily now. Before long it will be hourly and then every damn one. You can imagine what happens to bitcoin price when the only offramp from the exchanges is fiat. Only it won't just be one exchange. It will be all of them.
You seem alarmed. 3 of 5 core devs are (I believe) in principle opposed to bigger blocks, and are by conflict of interest disincentivised to buckle. Problem?
Why would it be alarming that the guys in charge of scaling the network have incentives to not let it scale? I mean, that just plain bullish in crazy land.
Speaking of crazy, where's Professor Trolfi these days? The guy's a terrible economist but he made good points about technical issues. Even wrote his own scaling patch.
December 17, 2015, 07:27:23 PM
December 17, 2015, 07:20:59 PM
Even if we hard fork with a 75% general concensus for a bigger transaction capacity, why would this cause anyone to sell out their stash? The derp is strong in this forum.
December 17, 2015, 07:19:07 PM
UPDATE: SwampNode is up and running BitcoinXT on dedicated hardware. If you have a better solution, I'd like to hear it, but it had better be soon. We're getting full blocks daily now. Before long it will be hourly and then every damn one. You can imagine what happens to bitcoin price when the only offramp from the exchanges is fiat. Only it won't just be one exchange. It will be all of them.
You seem alarmed. 3 of 5 core devs are (I believe) in principle opposed to bigger blocks, and are by conflict of interest disincentivised to buckle. Problem?
December 17, 2015, 07:17:07 PM
This is the simple reason why shorting BTC was just plain dumb.
There is a limited number of BTC available to borrow to short Bitcoin.
On the other hand there is an infinite number of dollars available to borrow to leverage long into Bitcoin. You guys are complaining about $24 million leveraged longs on bfx, well the banks have over $100 trillion in leveraged dollar longs. The supply of dollars to borrow is infinite.
Just wait until the Gemini exchange in wall street gets going. It's going to make bfx look like a doll house. And Gemini will have access to all the dollars in the world to lend to people, but they will have very few BTC to lend as well. You do the math.
Yeah, because regulated exchanges are not going to report your earning to the IRS. They won't honor court orders to seize your account. The Winklevi are good or bad at implementing their ideas? Maybe ask Mark Zuckerberg about that. I'm sure he's just love to give his old pals a bunch of money and there is no way he would take advantage of any vulnerabilities in Bitcoin just to eat their lunch again. No way he could ever implement a better version of their idea. I mean, he's never done that before, right?
Come to think of it, he's prime suspect number one behind the rough consensus attack, but even if it's not Zuck, it could be someone or a group thinking like that.
EDIT: speaking of the creators of Facebook, have you logged into your MySpace account lately? I mean, first mover advantage gives you a permanent lock on market share, right?
EDIT: You know there is also an infinite amount of money to short bitcoin with leverage also. Judging by the near zero interest rate on borrowing coins, there are plenty available for exactly that purpose.
December 17, 2015, 07:14:13 PM
FUDing for the LuLz™
December 17, 2015, 07:12:57 PM
thee next level isa coooomin, me gona buy all thee btc, muahahaha
December 17, 2015, 07:08:31 PM
UPDATE: SwampNode is up and running BitcoinXT on dedicated hardware. If you have a better solution, I'd like to hear it, but it had better be soon. We're getting full blocks daily now. Before long it will be hourly and then every damn one. You can imagine what happens to bitcoin price when the only offramp from the exchanges is fiat. Only it won't just be one exchange. It will be all of them.
December 17, 2015, 07:08:31 PM
Daily reminder:
>Trading your bitcoin for short-term profits will burn you in the long run
>You're not "lucky", you can't time the market, stop trying.
>TA (Technical Analysis) is always bullshit, you can safely disregard any retard who posts a picture of a graph anywhere.
>Gambling in any form is for braindead retards
>Bitcoin will increase, and increase by a lot, in the long run.
>The mere fact that this forum allows paid signature campaigns and third world trash to post utter nonsense in broken english for their signature campaign just goes to show this forum is reddit-tier (shit)
OP, you may now close this thread. Everything important has been said in this post.
>Trading your bitcoin for short-term profits will burn you in the long run
>You're not "lucky", you can't time the market, stop trying.
>TA (Technical Analysis) is always bullshit, you can safely disregard any retard who posts a picture of a graph anywhere.
>Gambling in any form is for braindead retards
>Bitcoin will increase, and increase by a lot, in the long run.
>The mere fact that this forum allows paid signature campaigns and third world trash to post utter nonsense in broken english for their signature campaign just goes to show this forum is reddit-tier (shit)
OP, you may now close this thread. Everything important has been said in this post.
shitty ass autistic green text, but your 100% correct
>You're 100% right Mr. Solitude but you're autistic
Really...? Austism is not something to joke about!
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