Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 20961. (Read 26609716 times)

Quote from: adamstgBit on August 22, 2015, 10:19:01 AM

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

So we should expect V. 0.12 in a couple of years?
Bullish as fuck if true.

LOL
hopefully a few weeks...
my guess is if XT starts to gain support, Core will have to act fast.

I see your guessing makes sense and I agree with bassclef as well.

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Quote from: bassclef on August 22, 2015, 10:52:37 AM

I've said it before, but doing something that has a 0% to undermine the network (which is nothing) is better than doing something with 0.5% or even 0.1% chance to harm the network (XT) in the long term.

0% chance of undermining the network? Really?

"If the cap is not raised to some higher limit; allowing a larger number of users to maintain direct access, then individuals will be priced out of the blockchain. When that happens Bitcoin becomes yet another network with no direct (peer) access; like FedWire, SWIFT, and other private closed transfer networks. There is no realistic scenario where a network capped permanently at 1MB can have meaningful adoption whilst still maintaining direct access to the blockchain by individuals. To be clear, by ‘direct access’ I mean both parties transacting directly on-chain without relying on an intermediary or trusted third party."

https://bitcointalksearch.org/topic/permanently-keeping-the-1mb-anti-spam-restriction-is-a-great-idea-946236

Fatman3001

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Quote from: bassclef on August 22, 2015, 10:52:37 AM

Miners are ultimately incentivized to secure and protect the network, not improve it with risky upgrades that cause market participants to panic sell, devaluing their network's token. I predict they will simply not adopt XT.

Some good news in mainstream press. Finally!

"Federal Reserve deeply split. Renegade group of board members to create separate American dollar"

"Despite all the sound and fury, a genuine split is still unlikely. Like doves and hawks at an old-fashioned central bank, the two sides will probably agree on some sort of compromise, perhaps at two fun-sounding “Bitcoin Scalability Workshops” scheduled for later this year. And even if miners get to decide by using the version they like, this would probably not lead to a Bitcoin split. Once it becomes clear which version is likely to prevail, all miners will have an incentive to join the winning side. Already, 13% of nodes have jumped on the dissident XT bandwagon, albeit few miners. Whether majority rule is the best way to run a system with Bitcoin’s pretensions is an entirely different question."

You know the debate is going off the rails when lambie is the voice of reason.

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

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bassclef

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I've said it before, but doing something that has a 0% to undermine the network (which is nothing) is better than doing something with 0.5% or even 0.1% chance to harm the network (XT) in the long term.

Miners are ultimately incentivized to secure and protect the network, not improve it with risky upgrades that cause market participants to panic sell, devaluing their network's token. I predict they will simply not adopt XT.

If they don't, the market will find a bottom in the next few weeks as people slowly realize that XT is stillborn, and a strong rally will result. Definitely a golden buying opportunity.

As far as trading though, it's wait and see. The market is always with us.

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Quote from: adamstgBit on August 22, 2015, 10:19:01 AM

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

So we should expect V. 0.12 in a couple of years?
Bullish as fuck if true.

+ there is an upgrade that should prevent spam attacks to be released within next version too. Apparently.

adamstgBit

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Quote from: adamstgBit on August 22, 2015, 10:19:01 AM

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

So we should expect V. 0.12 in a couple of years?
Bullish as fuck if true.

LOL
hopefully a few weeks...
my guess is if XT starts to gain support, Core will have to act fast.

hdbuck

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Quote from: cbeast on August 22, 2015, 10:18:18 AM

Quote from: adamstgBit on August 22, 2015, 09:32:59 AM

if Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please move on to some other altcoin.

You don't have a gun to force me or anyone else to choose what you want, so no.

Im not forcing anyone. Its the Gavin shills that are forcing the rest of the core devs to so something risky, controversial, but nevertheless totally fully researched and discussed by the core devs. Its not the Time, thats it. We need the fee market to settle, especially considering the halving approaching.

People that want a bloatchain now, free from fees, faster transactions etc better migrate to some altcoin that suits their needs, or even ripple if they dont care about miners or centralisation. Thats free market.

adamstgBit

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Quote from: cbeast on August 22, 2015, 10:28:23 AM

Quote from: adamstgBit on August 22, 2015, 10:27:00 AM

Quote from: cbeast on August 22, 2015, 10:21:18 AM

Quote from: adamstgBit on August 22, 2015, 10:19:01 AM

Quote from: adamstgBit on August 22, 2015, 09:32:59 AM

if Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please feel free to move on to some other altcoin.

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

That's fine if it's enough to satisfy the market. Personally, I think they chose 8 so core would settle for 4. It's a classic negotiating trick.

fuck id be good with 2MB

At 6 tps, Bitcoin will still be laughed at by PayPal.

ultimately blockstream and or sidechain will solve this problem once and for all we just need to kick the can down the road a little further to buy some time.

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Let's talk governance, lipstick, and pigs.

Quote from: adamstgBit on August 22, 2015, 10:27:00 AM

Quote from: cbeast on August 22, 2015, 10:21:18 AM

Quote from: adamstgBit on August 22, 2015, 10:19:01 AM

Quote from: adamstgBit on August 22, 2015, 09:32:59 AM

if Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please feel free to move on to some other altcoin.

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

That's fine if it's enough to satisfy the market. Personally, I think they chose 8 so core would settle for 4. It's a classic negotiating trick.

fuck id be good with 2MB

At 6 tps, Bitcoin will still be laughed at by PayPal.

adamstgBit

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Quote from: cbeast on August 22, 2015, 10:21:18 AM

Quote from: adamstgBit on August 22, 2015, 10:19:01 AM

Quote from: adamstgBit on August 22, 2015, 09:32:59 AM

if Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please feel free to move on to some other altcoin.

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

That's fine if it's enough to satisfy the market. Personally, I think they chose 8 so core would settle for 4. It's a classic negotiating trick.

fuck id be good with 2MB.

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: adamstgBit on August 22, 2015, 10:19:01 AM

Quote from: adamstgBit on August 22, 2015, 09:32:59 AM

if Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please feel free to move on to some other altcoin.

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

That's fine if it's enough to satisfy the market. Personally, I think they chose 8 so core would settle for 4. It's a classic negotiating trick.

adamstgBit

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Quote from: adamstgBit on August 22, 2015, 09:32:59 AM

if Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please feel free to move on to some other altcoin.

poeple are saying Core is going to implement an increased block size its just a matter of how much bigger and exactly how to roll it out.

if true, Bullish as fuck.

cbeast

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Activity: 1736

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Let's talk governance, lipstick, and pigs.

Quote from: adamstgBit on August 22, 2015, 09:32:59 AM

if Core implements the smallest block size increase, BOOM XT is history and the network will upgrade right away.

Bitcoin XT is not a thing that can go away because it's the idea that the free market is stronger than politics. The BIP Congress is gridlocked, but the market wants progress. Maybe it won't be the blocksize next time. The BIP Congress better get its shit together or some altcoin is gonna leave Bitcoin in the grease pit forever.

Free Markets is not so free. It is subject to manipulations just as any other market.

Core devs are way more qualified to weight any upgrade and especially those that so drastically changes bitcoin's fondamentales. They should not be subject to any propaganda.

Their consensus was status quo. If you dont like it please move on to some other altcoin.

You don't have a gun to force me or anyone else to choose what you want, so no.

aztecminer

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it is very risky to buy right now. we saw 220 for weeks and weeks when nothing was going on.. and now we how uncertainty and fear .. we are in the darker hours of bitcoin. if when we see someone get pummeled with a hammer then we know what time it is ... try not to get rekt by the wrecking crew if you are leveraged at bitfinex or okcoin... the ltc halving is in three days which means the chinese might panic and huobi shutdown to drop their bags again..

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