Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19952. (Read 26608343 times)

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
I think that your assumption that most people here go by Stamps price is misguided. Finex has been the leading "western" exchange for quite some time and I see people here quoting that price most frequently. And if you don't believe me just ask Chart Buddy...

Precisely. I thought most people here switched to Finex after the Stamp hack as surely as they switched to Stamp after the first cracks started to show at Gox half a year before their demise.


You are correct that about a year ago, there was some loss of confidence in Bitstamp based on the "hack" and the period of its shut down and for a period of time after Bitstamp's shut down.... and Bitfinex and coinbase were added to Chartbuddy around that time because of Bitstamp's various issues around that time.

Nonetheless, Bitstamp has returned to various forums and discussion groups as the default price reference point for a variety of reasons including at minimum:

1) a) volume is more reliable because there are staggered fees
1) b) volume is more reliable because there is no margin trading

2) a few months ago bitfinex had its own loss of confidence issues with a series of shut downs and various investors questioning its solvency.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 574
Merit: 250
In XEM we trust
I'm a career programmer too, that's actually looked at some of the recent Core releases, and I can tell you that there's been maybe only a handful of lines of code added to Core in the last year or two.

A. Handful. Of. Lines. In. Over. A. Years. Time.

So let's don't over-glorify these so called developers and put them up on some sort of pedestal.  If they had only coded that much in a business world white collar desk job setting, they'd be fired by now for being over-paid slackers. [ ... ]
after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. With the exception of increasing block size, and maybe a few other little things, there's very little left for the Core developers to actually do.  So they're basically just downshifted into long term maintenance mode at this point, which anyone can do on the side for a few hours a week.

For one thing, development has been stalled over the last year by the feud between Gavin and the small-blockians.  Gavin has coded and tested BIP101 (the only one of those BIPs that has been implemented, AFAIK) several months ago, but has not been allowed to put it into the core.

But, apart from that, a good software developer is not one who makes lots of changes.  The best way to increase the block size was coded by Satoshi in 2010, and it is a one-line patch.  Blockchain voting is a significant but pointless complication, with many things that could go wrong (in the code and its operation). Too bad that Gavin had to add it for BIP101 in order to appease the ideologues.

The problem with Greg is that he does not really like Satoshi's design, and has his own strong ideas on how bitcoin should be.  He has been pushing for that vision for a couple of years at least; and now that he has the power, he is bent in implementing it. 

The Core devs certainly are not in "maintenance" mode.  Just the SW proposal is a major redesign of a data structure that iis shared by tens of thousands of users and hundreds pf independent applications.  One should not be adding all those new features to a production system whose users and app developers are still struggling to cope with.  In fact, with their plans for the "fee market" and the off-chain processing, they are in full "retargeting" mode  One should not try to do a major redesign of the functionality, like the fee market, without knowing whether it will work or not. 

Greg may be a good cryptographer and programmer, but he is not a good software developer. In fact, it seems that he does not know what that means, and does not want to know ...


Stop whining, Stolfi. Bitcoin is the future of money. Get over it!
Maybe they are trying to slow down the process? You know, just to buy themselves some more time.
legendary
Activity: 2002
Merit: 1040
I'm a career programmer too, that's actually looked at some of the recent Core releases, and I can tell you that there's been maybe only a handful of lines of code added to Core in the last year or two.

A. Handful. Of. Lines. In. Over. A. Years. Time.

So let's don't over-glorify these so called developers and put them up on some sort of pedestal.  If they had only coded that much in a business world white collar desk job setting, they'd be fired by now for being over-paid slackers. [ ... ]
after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. With the exception of increasing block size, and maybe a few other little things, there's very little left for the Core developers to actually do.  So they're basically just downshifted into long term maintenance mode at this point, which anyone can do on the side for a few hours a week.

For one thing, development has been stalled over the last year by the feud between Gavin and the small-blockians.  Gavin has coded and tested BIP101 (the only one of those BIPs that has been implemented, AFAIK) several months ago, but has not been allowed to put it into the core.

But, apart from that, a good software developer is not one who makes lots of changes.  The best way to increase the block size was coded by Satoshi in 2010, and it is a one-line patch.  Blockchain voting is a significant but pointless complication, with many things that could go wrong (in the code and its operation). Too bad that Gavin had to add it for BIP101 in order to appease the ideologues.

The problem with Greg is that he does not really like Satoshi's design, and has his own strong ideas on how bitcoin should be.  He has been pushing for that vision for a couple of years at least; and now that he has the power, he is bent in implementing it. 

The Core devs certainly are not in "maintenance" mode.  Just the SW proposal is a major redesign of a data structure that iis shared by tens of thousands of users and hundreds pf independent applications.  One should not be adding all those new features to a production system whose users and app developers are still struggling to cope with.  In fact, with their plans for the "fee market" and the off-chain processing, they are in full "retargeting" mode  One should not try to do a major redesign of the functionality, like the fee market, without knowing whether it will work or not. 

Greg may be a good cryptographer and programmer, but he is not a good software developer. In fact, it seems that he does not know what that means, and does not want to know ...


Stop whining, Stolfi. Bitcoin is the future of money. Get over it!

Fo real
legendary
Activity: 3431
Merit: 1233
I'm a career programmer too, that's actually looked at some of the recent Core releases, and I can tell you that there's been maybe only a handful of lines of code added to Core in the last year or two.

A. Handful. Of. Lines. In. Over. A. Years. Time.

So let's don't over-glorify these so called developers and put them up on some sort of pedestal.  If they had only coded that much in a business world white collar desk job setting, they'd be fired by now for being over-paid slackers. [ ... ]
after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. With the exception of increasing block size, and maybe a few other little things, there's very little left for the Core developers to actually do.  So they're basically just downshifted into long term maintenance mode at this point, which anyone can do on the side for a few hours a week.

For one thing, development has been stalled over the last year by the feud between Gavin and the small-blockians.  Gavin has coded and tested BIP101 (the only one of those BIPs that has been implemented, AFAIK) several months ago, but has not been allowed to put it into the core.

But, apart from that, a good software developer is not one who makes lots of changes.  The best way to increase the block size was coded by Satoshi in 2010, and it is a one-line patch.  Blockchain voting is a significant but pointless complication, with many things that could go wrong (in the code and its operation). Too bad that Gavin had to add it for BIP101 in order to appease the ideologues.

The problem with Greg is that he does not really like Satoshi's design, and has his own strong ideas on how bitcoin should be.  He has been pushing for that vision for a couple of years at least; and now that he has the power, he is bent in implementing it. 

The Core devs certainly are not in "maintenance" mode.  Just the SW proposal is a major redesign of a data structure that iis shared by tens of thousands of users and hundreds pf independent applications.  One should not be adding all those new features to a production system whose users and app developers are still struggling to cope with.  In fact, with their plans for the "fee market" and the off-chain processing, they are in full "retargeting" mode  One should not try to do a major redesign of the functionality, like the fee market, without knowing whether it will work or not. 

Greg may be a good cryptographer and programmer, but he is not a good software developer. In fact, it seems that he does not know what that means, and does not want to know ...


Stop whining, Stolfi. Bitcoin is the future of money. Get over it!
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Anyone who is in a position of power on another forum fancy having ChartBuddy post there? I'm about done with Theymos' nonsense.

What happened?

Please don't abandon us Richy.

ChartBuddy is one of my main reasons for being here, along with the comedy.

The "other" forum would probably accommodate ChartBuddy but it's a little too serious.

hero member
Activity: 798
Merit: 531
Crypto is King.
Anyone who is in a position of power on another forum fancy having ChartBuddy post there? I'm about done with Theymos' nonsense.

What happen?

Somebody set up us the bomb.
Elwar, you win the internet for today. I lol'd harder than I should've. Cheesy

suda123, thank you for the kind words. Here are my predictions for today. 20:00-22:00 UTC breakout imminent. This translates to 2:00PM-4:00PM CST / 4:00AM-6:00AM HKT. Either today, or tomorrow. Only time will tell.  

hero member
Activity: 910
Merit: 1003
I'm a career programmer too, that's actually looked at some of the recent Core releases, and I can tell you that there's been maybe only a handful of lines of code added to Core in the last year or two.

A. Handful. Of. Lines. In. Over. A. Years. Time.

So let's don't over-glorify these so called developers and put them up on some sort of pedestal.  If they had only coded that much in a business world white collar desk job setting, they'd be fired by now for being over-paid slackers. [ ... ]
after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. With the exception of increasing block size, and maybe a few other little things, there's very little left for the Core developers to actually do.  So they're basically just downshifted into long term maintenance mode at this point, which anyone can do on the side for a few hours a week.

For one thing, development has been stalled over the last year by the feud between Gavin and the small-blockians.  Gavin has coded and tested BIP101 (the only one of those BIPs that has been implemented, AFAIK) several months ago, but has not been allowed to put it into the core.

But, apart from that, a good software developer is not one who makes lots of changes.  The best way to increase the block size was coded by Satoshi in 2010, and it is a one-line patch.  Blockchain voting is a significant but pointless complication, with many things that could go wrong (in the code and its operation). Too bad that Gavin had to add it for BIP101 in order to appease the ideologues.

The problem with Greg is that he does not really like Satoshi's design, and has his own strong ideas on how bitcoin should be.  He has been pushing for that vision for a couple of years at least; and now that he has the power, he is bent in implementing it. 

The Core devs certainly are not in "maintenance" mode.  Just the SW proposal is a major redesign of a data structure that iis shared by tens of thousands of users and hundreds pf independent applications.  One should not be adding all those new features to a production system whose users and app developers are still struggling to cope with.  In fact, with their plans for the "fee market" and the off-chain processing, they are in full "retargeting" mode  One should not try to do a major redesign of the functionality, like the fee market, without knowing whether it will work or not. 

Greg may be a good cryptographer and programmer, but he is not a good software developer. In fact, it seems that he does not know what that means, and does not want to know ...

legendary
Activity: 1456
Merit: 1000
Good morning Bitcoinland. Still in the $390s I see.

The pennant is tightening though. Whoever controls the TA-drawing bots must be planning a move soon.

because its near Christmas as i expected.  btw 500 before Christmas Huh   Cool
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Anyone who is in a position of power on another forum fancy having ChartBuddy post there? I'm about done with Theymos' nonsense.

What happen?

Somebody set up us the bomb.
full member
Activity: 210
Merit: 100
You know what it means when the price gap starts closing . . .




I'm starting to like you posts there getting more funny
legendary
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
Anyone who is in a position of power on another forum fancy having ChartBuddy post there? I'm about done with Theymos' nonsense.

What happened?
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
I think that your assumption that most people here go by Stamps price is misguided. Finex has been the leading "western" exchange for quite some time and I see people here quoting that price most frequently. And if you don't believe me just ask Chart Buddy...

Precisely. I thought most people here switched to Finex after the Stamp hack as surely as they switched to Stamp after the first cracks started to show at Gox half a year before their demise.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Good morning Bitcoinland. Still in the $390s I see.

The pennant is tightening though. Whoever controls the TA-drawing bots must be planning a move soon.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 583
Merit: 500
If we don't break 400 soon, we will see an epic dump.

Save my words


Aaaaaaaand it... broke $400


When referring to BTC price generically, we go by Bitstamp's price, here unless otherwise specified.


Accordingly, Bitstamp has not yet gone beyond $400 in the past week - I believe $399.91 is as close as it has been to $400.



"We" definitely do not go by Bitstamp's price here. For a short window between the time Gox collapsed and Stamps got hacked that may have been true but certainly not now.







I'm NOT saying that bitcoin's price is controlled by bitstamp but rather if you are generally referring to BTC's price, then you should get on the same page with everyone else with your price references...

Alternatively, you can specify the source of your price assertion every time that you make one for clarity sake regarding how you arrived at your price reference. 

Accordingly, what I said earlier stands, and it is not something that I made up because it is true in bitcoin discussion places other than this forum as well.


I think that your assumption that most people here go by Stamps price is misguided. Finex has been the leading "western" exchange for quite some time and I see people here quoting that price most frequently. And if you don't believe me just ask Chart Buddy...
hero member
Activity: 798
Merit: 531
Crypto is King.
You know what it means when the price gap starts closing . . .



legendary
Activity: 3780
Merit: 5429
Actually I have been programming almost daily for the last 40 years.  And I have watched from front row some of the best software developers in the world as they worked.  As well as some terrible ones.  

That is why I think that swapping Gavin for Greg was a disaster for bitcoin...


Actually the jokes on you, Jorgi. I'm a career programmer too, that's actually looked at some of the recent Core releases, and I can tell you that there's been maybe only a handful of lines of code added to Core in the last year or two.

A. Handful. Of. Lines. In. Over. A. Years. Time.

So let's don't over-glorify these so called developers and put them up on some sort of pedestal.  Like they've got their noses to the grindstone every day, furiously cranking out mountains of code. If they had only coded that much in a business world white collar desk job setting, they'd be fired by now for being over-paid slackers.

P.S.- And the truth/reason is, after 6 years of development, Bitcoin Core is pretty much complete and solid at this point. All the heavy lifting was done years ago. With the exception of increasing block size, and maybe a few other little things, there's very little left for the Core developers to actually do.  So they're basically just downshifted into long term maintenance mode at this point, which anyone with their knowledge can do on the side for a few hours a week.
hero member
Activity: 910
Merit: 1003
The development process is open, you can join the mailing list if you want to be in on their "secrets" , SW has been discussed to death since 2011.... where have you been?
Reading several things, including the dev mailing list (including that letter by Satoshi, and various bickerings between the devs until Gavin and Mike left. And Greg unsubsctibed.)

But almost no one reads the dev mailing list, or even the forums; and very few understand what it is discussed there.  Saying that "alerts are not needed because it was discussed in the dev mailing list mor months" reminds me of a certain incident in The Hitchhikers Guide to the Galaxy...

Quote
I can certainly tell you haven't coded much, if any, before as the real reason devs prefer soft-fork is because of the possible bugs and complications that rolling out hard forks that aren't backwards compatible create.

Actually I have been programming almost daily for the last 40 years.  And I have watched from front row some of the best software developers in the world as they worked.  As well as some terrible ones.  

That is why I think that swapping Gavin for Greg was a disaster for bitcoin...

Quote
You appear to be holding unfounded and irrational conspiracies which can easily be proven false.  

Care to name some?  

Perhaps you mean my belief that Blockstream and Viacoin are "conspiring" to retain control of the protocol and ensure a congested network because their business is to sell tools for off-chain transactions?

Quote
Nodes Upgrading to the newest softforks is actually increasing in velocity. http://data.bitcoinity.org/bitcoin/block_version/5y?c=block_version&r=week&t=a

BIP 65 already reach activation in short order. 0.11.2 was released only in Nov 13.

You are looking at miners adoption, not relay nodes or clients, right?
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