Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20691.

Fatman3001

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Quote from: tarmi on October 13, 2015, 12:52:08 PM

do you remember the story about that stupid and dead whale that sold 30 k @ 300 $?

lel

these days the entire bitstamp's bid side is like 5k.

That was an attempt by an early adopter to create a false bottom. It didn't work.

yolalanda

newbie

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Quote from: tarmi on October 13, 2015, 12:52:08 PM

do you remember that story about that stupid and dead whale that sold 30 k @ 300 $?

lel

these days the entire bitstamp's bid side is like 5k.

You mean when we snapped up his cheap coinz & laughed at the cl00less n00b for making $9 mil?
Too painful for me to think about.

ChartBuddy

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tarmi

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do you remember the story about that stupid and dead whale that sold 30 k @ 300 $?

lel

these days the entire bitstamp's bid side is like 5k.

oda.krell

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Quote from: gentlemand on October 13, 2015, 12:23:53 PM

Quote from: oda.krell on October 13, 2015, 12:09:38 PM

Turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.

The XT approach was pretty odious but no more odious than the twitching whack jobs who believe the planetary population will skip Christmas so they can afford those gorgeous Bitcoin transaction fees.

You put into few hilarious words what I think and express clumsily and convolutedly. /reacharound

Fatman3001

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Quote from: muyuu on October 13, 2015, 11:33:07 AM

Quote from: Fatman3001 on October 13, 2015, 11:23:22 AM

Quote from: muyuu on October 13, 2015, 11:07:11 AM

What twisting? that's literally a screenshot.

Context here: https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-60#post-2263

He is clearly not displaying panic.

That's why I provided the context, so you can make your own mind on the subject. For me, that is panic together with this:

Quote from: muyuu on October 13, 2015, 08:50:30 AM

https://archive.is/EMUcH

What was expected or hoped for in both camps was a decentralized distributed sidechain solution. It has lately become clear that BS was working on a ripple-like private blockchain instead, and now it's been confirmed. I see disappointment more than anything else. On both sides of the debate. If anything, some on the XT-side might think this strengthens their case, but I think it just adds confusion.

oda.krell

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Quote from: muyuu on October 13, 2015, 12:15:37 PM

Quote from: oda.krell on October 13, 2015, 12:09:38 PM

Well, since I'm mostly on the sideline of the XT issue (because I don't consider max block a significant enough economic factor), I'll add that the protocol literalists have spun a respectable number of fabricated crisis narratives themselves (uncontrollable spam, lack of LT mining reward, etc.). IMO, it replaces one potential pitfall (mostly technical) with another one (mostly psychological): turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.

For the spam justification of the limit you have to ask Satoshi.

Spam attacks have also been proven a very real threat.

Okrent's law: "The pursuit of balance can create imbalance because sometimes something is true"

https://en.wikipedia.org/wiki/Argument_to_moderation

On 1: Wouldn't refer to him. Remember: "if (blocknumber > 115000) maxblocksize = largerlimit"?

On 2: As is the lack of confidence when (not if) we hit a proper, non-artificial bottleneck.

Think I'll stay with the moderate position, thanks.

gentlemand

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Welt Am Draht

Quote from: oda.krell on October 13, 2015, 12:09:38 PM

Turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.

The XT approach was pretty odious but no more odious than the twitching whack jobs who believe the planetary population will skip Christmas so they can afford those gorgeous Bitcoin transaction fees.

Wings1987

sr. member

Activity: 418

Merit: 250

Quote from: JayJuanGee on October 13, 2015, 12:08:02 PM

Quote from: koryu on October 13, 2015, 11:50:57 AM

my numbers are mainly based on ta. I believe that the scaleability problem can be solved and that the final auction won't effect the price much because it's the final one, ...no more easy bulk deals after it.

these are the lines I am watching since a while and why i said 250 was obvious. I think 260+ would be another signal that we have left the bear market and I would expect 340 as new target with a chance of a real rally. Then its time to get excited.
The other scenario is that we go back down the yellow line for some time, prolly again to 220 or 208 massive support

https://www.tradingview.com/x/DtIPkXLg/[/img]

Referring to the part of your statement that I have bolded above. Even though this is the final auction of this particular series of ceased coins, I would NOT put it past the Feds and/or other Governments from time to time come across BTC and/or other crypto assets in large quantities and to have similar future auctions.

I am sure this is a possibility but any seizures in the future would likely result in auctions a few years down the road right. Doesn't it take that long for the process to play out?

muyuu

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Quote from: oda.krell on October 13, 2015, 12:09:38 PM

Well, since I'm mostly on the sideline of the XT issue (because I don't consider max block a significant enough economic factor), I'll add that the protocol literalists have spun a respectable number of fabricated crisis narratives themselves (uncontrollable spam, lack of LT mining reward, etc.). IMO, it replaces one potential pitfall (mostly technical) with another one (mostly psychological): turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.

For the spam justification of the limit you have to ask Satoshi.

Spam attacks have also been proven a very real threat.

Okrent's law: "The pursuit of balance can create imbalance because sometimes something is true"

https://en.wikipedia.org/wiki/Argument_to_moderation

oda.krell

legendary

Activity: 1470

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Quote from: muyuu on October 13, 2015, 11:59:34 AM

Quote from: oda.krell on October 13, 2015, 11:51:22 AM

Quote from: muyuu on October 13, 2015, 11:33:07 AM

Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.

Agreed, and bit of a miscommunication I suppose: "big deal?" as in "what's the panic about?"

The XT narrative is that we are about to collapse because of capacity problems. This undermines that fabricated crisis narrative. This is why you'll see an incredibly negative reception of this development in the XT sub and by the XT brigade.

Well, since I'm mostly on the sideline of the XT issue (because I don't consider max block a significant enough economic factor), I'll add that the protocol literalists have spun a respectable number of fabricated crisis narratives themselves (uncontrollable spam, lack of LT mining reward, etc.). IMO, it replaces one potential pitfall (mostly technical) with another one (mostly psychological): turning the Blockchain into a pure high-stake clearing network before it had a chance to establish itself as a useful, reliable tool for smaller transactions is not without risk either.

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: koryu on October 13, 2015, 11:50:57 AM

my numbers are mainly based on ta. I believe that the scaleability problem can be solved and that the final auction won't effect the price much because it's the final one, ...no more easy bulk deals after it.

these are the lines I am watching since a while and why i said 250 was obvious. I think 260+ would be another signal that we have left the bear market and I would expect 340 as new target with a chance of a real rally. Then its time to get excited.
The other scenario is that we go back down the yellow line for some time, prolly again to 220 or 208 massive support

https://www.tradingview.com/x/DtIPkXLg/[/img]

Referring to the part of your statement that I have bolded above. Even though this is the final auction of this particular series of ceased coins, I would NOT put it past the Feds and/or other Governments from time to time come across BTC and/or other crypto assets in large quantities and to have similar future auctions.

yolalanda

newbie

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Can we stop it with the bickering and try to keep the price above 250?
Stay focused, everyone, the price ain't gonna sustain itself.

ChartBuddy

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muyuu

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Quote from: oda.krell on October 13, 2015, 11:51:22 AM

Quote from: muyuu on October 13, 2015, 11:33:07 AM

Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.

Agreed, and bit of a miscommunication I suppose: "big deal?" as in "what's the panic about?"

The XT narrative is that we are about to collapse because of capacity problems. This undermines that fabricated crisis narrative. This is why you'll see an incredibly negative reception of this development in the XT sub and by the XT brigade.

oda.krell

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Quote from: muyuu on October 13, 2015, 11:33:07 AM

Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.

Agreed, and bit of a miscommunication I suppose: "big deal?" as in "what's the panic about?"

koryu

hero member

Activity: 681

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Quote from: JayJuanGee on October 13, 2015, 10:27:26 AM

Quote from: koryu on October 13, 2015, 09:53:24 AM

250 was very obvious, i get excited when we are above 260 and above 340

Surely in the past 10 months, we have spent more time below $250 as compared to above $250, but also in the past 10 months we have experienced two significant and price surges into the upper $200s... therefore, probably there will be NO real objective rationale to get excited, until prices go into the $300s and mostly stay above $300.

I am in agreement, more or less that experiencing prices above $340 would probably cause considerable excitement, and may even cause a lot of us to conclude that we have left the $200s forever... if such a thing is even possible anymore...

Wink

YES>>>>> we are likely going to leave this $200 price territory, it is just a matter of when.... within the next two weeks does NOT seem very likely, but maybe after the fed auction... and maybe after the December scaleability meeting, there may be more developments that allow BTC to leave te $200s for good?

If we get into the mid-$300s and even into the $400s, then likely even some of the bears will be converting into BTC bulls.

my numbers are mainly based on ta. I believe that the scaleability problem can be solved and that the final auction won't effect the price much because it's the final one, ...no more easy bulk deals after it.

these are the lines I am watching since a while and why i said 250 was obvious. I think 260+ would be another signal that we have left the bear market and I would expect 340 as new target with a chance of a real rally. Then its time to get excited.
The other scenario is that we go back down the yellow line for some time, prolly again to 220 or 208 massive support

hdbuck

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Quote from: muyuu on October 13, 2015, 11:33:07 AM

Quote from: oda.krell on October 13, 2015, 11:24:34 AM

(^
...
^)

Twisting aside -- that some share of the crypto ~~cake~~ capitalization will go to chains with varying degrees of trust reliance is unavoidable, imo. Said as much before and still think it'll be the case, long term. Only, that doesn't change the simple economic insight that, once you're planning to clear / register / etc. among a broader group where your lack of trust in them times the capital on the line is greater than the cost of complying with creaky old BTC (fees and delays, warts and all), you have no good localized economic reason not to use the latter... So what's the big deal, exactly?^*

^* And that's not even accounting for the (orthogonal) incentive to be on a permissionless network.

Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.

also, SCs are more transparent, if not resilient (adding a certain degree of decentralization amongst exchanges, multisig wallets etc), than offchain solutions, which most exchanges currently uses.

as for the xters centralization scarecrow (lol they care about it nao?) over them exchanges point of sales, they already mostly comply with a lot of the tptb inept KYC/AML/bitlaw ting anyway.

so yes, finally, glad there is innovation.

pushing the scaling debate further down the line is the cherry on the cake.

the xtards tears are being delightful tho.

JayJuanGee

legendary

Activity: 3934

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Self-Custody is a right. Say no to"Non-custodial"

Anyone open an Open ledger account for the purpose of trading?

It appears that that the fees are going to be pretty low, no?

And, seems to be fairly secure, like NO ONE is going to run off with your coins, no?

muyuu

donator

Activity: 980

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Quote from: Fatman3001 on October 13, 2015, 11:23:22 AM

Quote from: muyuu on October 13, 2015, 11:07:11 AM

What twisting? that's literally a screenshot.

Context here: https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-60#post-2263

He is clearly not displaying panic.

That's why I provided the context, so you can make your own mind on the subject. For me, that is panic together with this:

Quote from: muyuu on October 13, 2015, 08:50:30 AM

https://archive.is/EMUcH

Quote from: oda.krell on October 13, 2015, 11:24:34 AM

(^
...
^)

Twisting aside -- that some share of the crypto ~~cake~~ capitalization will go to chains with varying degrees of trust reliance is unavoidable, imo. Said as much before and still think it'll be the case, long term. Only, that doesn't change the simple economic insight that, once you're planning to clear / register / etc. among a broader group where your lack of trust in them times the capital on the line is greater than the cost of complying with creaky old BTC (fees and delays, warts and all), you have no good localized economic reason not to use the latter... So what's the big deal, exactly?^*

^* And that's not even accounting for the (orthogonal) incentive to be on a permissionless network.

Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20691. (Read 26623394 times)