Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20942. (Read 26608950 times)
August 24, 2015, 02:02:49 AM
August 24, 2015, 01:58:49 AM
August 24, 2015, 01:57:22 AM
what is wrong at bitfinex , any news?
You mean Bitcoinica?
August 24, 2015, 01:56:05 AM
what is wrong at bitfinex , any news?
August 24, 2015, 01:54:35 AM
Looks like a bloody monday.
I wonder how that morning dump is gonna look...or if some miracle happens and there's a huge surge of buys.
August 24, 2015, 01:43:39 AM
It looks like some kind of circuit breaker tripped on bfx. no trades for a while.
I can't even cancel my orders...came back online, someone dumped 1K coins and went off again. This is not good.
August 24, 2015, 01:41:18 AM
Looks like a bloody monday.
August 24, 2015, 01:40:54 AM
It looks like some kind of circuit breaker tripped on bfx. no trades for a while.
I can't even cancel my orders...goxfinexed
August 24, 2015, 01:35:43 AM
It looks like some kind of circuit breaker tripped on bfx. no trades for a while.
I can't even cancel my orders... 
August 24, 2015, 01:34:41 AM
intentionally throttling the network to collect more fees is like strangling the golden goose to get more eggs.
Or like jumping out of a certain wooden sculpture when the walls of Troy first come into view?
Or like trying to charge money for an infinite resource?
Bip 101 timescale:
Year. Size. Reward. blockchain size (rough estimate)
2016 8MB. 12.5. 40GB
2020 32MB 6.25. 3.4TB
2024. 128MB 3.125. 16.8TB
2028. 512MB 1.5625. 70.56TB
2032 2048MB 0.78125. 285.6TB
2036 8192MB 0.390625. 1145TB
How many individuals do you think will be incentivized to store more than a petabyte of data with no compensation? The good news is that Gavin's plan is preposterous and will never gain traction, so fortunately there's nothing to worry about.
August 24, 2015, 01:33:17 AM
Honeybadger got bit by 1MB Cobra and fell asleep. Soon he will awaken and eat that cobra.
August 24, 2015, 01:16:54 AM
It looks like some kind of circuit breaker tripped on bfx. no trades for a while.
August 24, 2015, 01:08:24 AM
intentionally throttling the network to collect more fees is like strangling the golden goose to get more eggs.
Or like jumping out of a certain wooden sculpture when the walls of Troy first come into view?
Our like trying to charge money for an infinite resource?
Bip 101 timescale:
Year. Size. Reward. blockchain size (rough estimate)
2016 8MB. 12.5. 40GB
2020 32MB 6.25. 3.4TB
2024. 128MB 3.125. 16.8TB
2028. 512MB 1.5625. 70.56TB
2032 2048MB 0.78125. 285.6TB
2036 8192MB 0.390625. 1145TB
How many individuals do you think will be incentivized to store more than a petabyte of data with no compensation? The good news is that Gavin's plan is preposterous and will never gain traction, so fortunately there's nothing to worry about.
2036 is in 21 years. How big was a hard drive 21 years ago? (hint: a tiny fraction of the storage on my current 3 year old phone). Storage is so cheap now that if you include cloud storage like dropbox, it's free.
This is the same fallacy the Malthusians made about mass starvation with population doubling every forty years. Didn't happen. All famines today are political, including ours.
some people have no foresight
August 24, 2015, 01:04:20 AM
y'ouch this is starting to hurt a little 
August 24, 2015, 01:02:26 AM
August 24, 2015, 12:53:08 AM
Bip 101 timescale:
Year. Size. Reward. blockchain size (rough estimate)
2016 8MB. 12.5. 40GB
2020 32MB 6.25. 3.4TB
2024. 128MB 3.125. 16.8TB
2028. 512MB 1.5625. 70.56TB
2032 2048MB 0.78125. 285.6TB
2036 8192MB 0.390625. 1145TB
Here are four additional estimates:
August 24, 2015, 12:37:01 AM
Ever wondered why unsuccessful people (or movements) always blame others for their failure, but successful ones never?
Dont get me wrong, but if you are oposing an existing system, please be prepared for equally sized oposition.
If you dont make it, it will have been your own fault.
As much as I would like to blame the banksters for this mess, there is too much evidence that it's actually a reaction to 21's embedded chip business model by the soon-to-be-obsolete ASIC miners. Never ascribe to conspiracy that which can be equally explained by incompetence. Old miners think making microtransactions impractical will save them when the opposite is true. Microtransactions will be the onramp for the third world and the great majority of the unbanked.
In England, land prices skyrocketed when the great estates were broken up and the peasants were finally allowed to own land. You would think the people selling the land would be happy about that, but the great lords thought it was the end of the world. The more things change, the more they stay the same.
August 24, 2015, 12:10:19 AM
Ever wondered why unsuccessful people (or movements) always blame others for their failure, but successful ones never?
Dont get me wrong, but if you are oposing an existing system, please be prepared for equally sized oposition.
If you dont make it, it will have been your own fault.
August 24, 2015, 12:02:27 AM
August 23, 2015, 11:49:08 PM
Also, I guess its better for them to put this out there now XT" while BTC is kind of in a lull with price ho hum, as opposed to putting it out there when or if BTC is at say 600.00 or so
you get the point. No offense to anyone who has bought in higher than todays price..... lolwell if the fork doesnt get us then the "too big to fail" leveraged longs @bitfinix probably will ..
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