Coin
Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20958. (Read 26609666 times)
August 22, 2015, 03:02:35 PM
August 22, 2015, 03:02:22 PM
I personally don't care about the price. What's important to me is that Bitcoin has succeeded in removing the human factor from the money equation. No longer must we depend on fallible (and corrupt) humans, these so-called "experts": Bitcoin--world's smartest and greatest supercomputer--is fully automated!
Algorithmically guided by maths and powered by human greed!
And as long only two bitcoin believers exist in this world this currency succeded. Algorithmically guided by maths and powered by human greed!
Ave greed!
August 22, 2015, 02:59:27 PM
This is still a slippery slope argument. You're assuming that the Bitcoin ecosystem is so stupid that they will adopt just any change no matter how destructive it would be.
It's not stupidity. It's just that most people in the ecosystem are formulating an opinion based on a fraction of the data and possible implications.
Quote
If so, then Bitcoin is doomed anyways and we should just all give up. If there are no arguments pro core and/or against this XT implementation then I don't see what you're trying to say here.
I'm saying leave the experts of the core team to do their work. They know what to do and they're doing it well.
Quote
PS. You can disagree with Gavin, but to suggest that he doesn't know what he's doing warrants a bit of an explanation. I would be very interested to hear how he went from chief scientist to bumbling ignoramus.
Well, if avg block size is currently at 0.4mb (and even that is full of dust / spam txs which will be wiped out once fee competition starts for 1mb inclusion) and he says we "urgently" need 8mb and that's a very serious reason to fork it while in the process creating a rift among the devs and risking market uncertainty, well... you don't need to be a rocket scientist to realize that something very fishy is going on.
I don't believe he doesn't know what he is doing. He probably knows full well. It's the whole false rationale, motives and modus operandi that I'm having issues with.
If you look at the number of transactions between Jul 2013 and Jan 2014 there is a period where the number of transactions excluding popular addresses doubles. What I see is that if we get another bull run like that, the blocksize will probably hit the ceiling. So there is a bit of urgency to it.
Now, we might not have another bull run any time soon, but in case it happens next month I'd like to see that somebody has a solution lined up. And at this point I fear that a fee hike might strangle Bitcoin in its infancy.
In any event, why do we have to wait until the house is on fire before we buy a fire extinguisher?
And if you, and everyone else who are such gung ho core loyalists, really believe Gavin has a hidden agenda, could you please tell me what that agenda is thought to be? There's a lot of cloudy insinuations, but nothing really to suggest that he wants anything else than what he deems to be best for Bitcoin.
August 22, 2015, 02:57:24 PM
I'm wondering how BTC is supposed to react to the global financial collapse in september:
http://www.24hgold.com/english/news-gold-silver-full-on-crash-alert-for-major-world-markets--.aspx
In expectation of the imminent doom, gold is showing some resiliency lately, and gold and BTC have been positively correlated most of the time, so maybe there is hope. I'm just sorry to not have gone full metal at near parity. Maybe I'm still in time for silver.
http://www.24hgold.com/english/news-gold-silver-full-on-crash-alert-for-major-world-markets--.aspx
In expectation of the imminent doom, gold is showing some resiliency lately, and gold and BTC have been positively correlated most of the time, so maybe there is hope. I'm just sorry to not have gone full metal at near parity. Maybe I'm still in time for silver.
LMAFO
DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM
August 22, 2015, 02:53:45 PM
I'm wondering how BTC is supposed to react to the global financial collapse in september:
http://www.24hgold.com/english/news-gold-silver-full-on-crash-alert-for-major-world-markets--.aspx
In expectation of the imminent doom, gold is showing some resiliency lately, and gold and BTC have been positively correlated most of the time, so maybe there is hope. I'm just sorry to not have gone full metal at near parity. Maybe I'm still in time for silver.
http://www.24hgold.com/english/news-gold-silver-full-on-crash-alert-for-major-world-markets--.aspx
In expectation of the imminent doom, gold is showing some resiliency lately, and gold and BTC have been positively correlated most of the time, so maybe there is hope. I'm just sorry to not have gone full metal at near parity. Maybe I'm still in time for silver.
August 22, 2015, 02:43:49 PM
Everyone bearish and calling for doom.
Time to close the shorts and thinking about going long
Btw. Everyone having privacy problems with xt. You know what blockstream and lightning network does right?
Anyway i hope core will just push a 2-4 mb upgrade because that is no problem regarding hardware and protocol.
/edit
Also bitcoin users should not trust any authority without doubt - neither the bitcoin chief engineer nor the majority of the core devs.
Time to close the shorts and thinking about going long
Btw. Everyone having privacy problems with xt. You know what blockstream and lightning network does right?
Anyway i hope core will just push a 2-4 mb upgrade because that is no problem regarding hardware and protocol.
/edit
Also bitcoin users should not trust any authority without doubt - neither the bitcoin chief engineer nor the majority of the core devs.
Quote
Bitcoin was designed to be protected from the influence of charismatic leaders, even if their name is Gavin Andresen, Barack Obama, or Satoshi Nakamoto. Nearly everyone has to agree on a change, and they have to do it without being forced or pressured into it.
August 22, 2015, 02:38:53 PM
The bounce scenario and down in about 2-3 days sounds plausible.
August 22, 2015, 02:31:21 PM
Choo Choo?
August 22, 2015, 02:21:48 PM
August 22, 2015, 02:20:28 PM
what did i miss?
Nothing tbh, you will witness some serious dump I think with us.
August 22, 2015, 02:16:10 PM
This is still a slippery slope argument. You're assuming that the Bitcoin ecosystem is so stupid that they will adopt just any change no matter how destructive it would be.
It's not stupidity. It's just that most people in the ecosystem are formulating an opinion based on a fraction of the data and possible implications.
Quote
If so, then Bitcoin is doomed anyways and we should just all give up. If there are no arguments pro core and/or against this XT implementation then I don't see what you're trying to say here.
I'm saying leave the experts of the core team to do their work. They know what to do and they're doing it well.
Quote
PS. You can disagree with Gavin, but to suggest that he doesn't know what he's doing warrants a bit of an explanation. I would be very interested to hear how he went from chief scientist to bumbling ignoramus.
Well, if avg block size is currently at 0.4mb (and even that is full of dust / spam txs which will be wiped out once fee competition starts for 1mb inclusion) and he says we "urgently" need 8mb and pretends that this is a very serious reason to fork it while in the process creating a rift among the devs and risking market uncertainty, well... you don't need to be a rocket scientist to realize that something very fishy is going on.
I don't believe he doesn't know what he is doing. He probably knows full well. It's the whole false rationale, motives and modus operandi that I'm having issues with.
August 22, 2015, 02:12:23 PM
what did i miss?
August 22, 2015, 02:08:58 PM
August 22, 2015, 02:06:52 PM
c'mon!
August 22, 2015, 02:04:08 PM
August 22, 2015, 01:59:28 PM
Not enough volume to get this really going, expecting a small little bounce and sideways for a day or two. Then dropit like its hot.
Still short, so if it drops like a rock I will open the champagne!
Still short, so if it drops like a rock I will open the champagne!
August 22, 2015, 01:56:56 PM
BOTTOM??
August 22, 2015, 01:54:46 PM
Hmmm...
C'mon!
C'mon!
August 22, 2015, 01:52:36 PM
August 22, 2015, 01:49:52 PM
Thank you Gavin! Thank you for the fear uncertainty and doubt you have been casting upon bitcoin for the last year! Dont bother comming back from your government sponsored holidays!
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