Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20991. (Read 26619982 times)
August 20, 2015, 05:41:27 AM
OK coin with the rebound there.And the crowd goes wild...
August 20, 2015, 05:39:57 AM
panic sell.. panic buy...
rinse and repeat!
life it´s easy in bitcoinland.
how do you feel being manipulated?
someone wanted cheap coins, i hope you didnt give him yours...
rinse and repeat!
life it´s easy in bitcoinland.
how do you feel being manipulated?
someone wanted cheap coins, i hope you didnt give him yours...
August 20, 2015, 05:38:52 AM
Is this the part where we go to $5-6000? 
August 20, 2015, 05:37:12 AM
Small rally is brewing, wonder how far it will go.
August 20, 2015, 05:32:46 AM
This is an attempted coup alright, but it's from idiot miners who want a bigger slice of a smaller pie. If we cave on this, they will never allow our network to become competitive enough to disrupt the banksters.
Bloating the blockchain to DOA levels will disrupt bitcoin, not the banksters.
Besides, 8mb blocks, or even 80mb blocks, aren't enough to scale to such levels. You'd need enormous storage (and bandwidth) per day to compete with the volume of banks and credit cards.
Visa does 2000 tx/s. Bitcoin needs 300-700mb/blocks to do that, not accounting for spam.
If you add mastercard, bank transfers, swift, paypal, and, finally, cash transactions from person to person that could be digitized with btc, not even 1gb blocks would scale.
Exactly. And BitcoinXT looks like an altcoin IMHO.
All Gavin fanboys are screaming: Scale or die. They just don't understand that increasing the block size is not a permanent solution. It's a quick fix.
And like every quick fix in your life, its consequence is always bad.
Quick fix to survive ? It's the most hilarious thing I ever heard. It might make you survive for a few months more, but then kills you much faster and more painful.
August 20, 2015, 05:20:21 AM
No doubt the XT stuff is crashing the price, but could the worries that Agora has pulled an exit scam also be contributing to the price crash? It's been offline for a while now and some reddit threads are full of posts saying it's an exit scam. Agora must have a shit load of Bitcoins under its control.
August 20, 2015, 05:20:12 AM
This is an attempted coup alright, but it's from idiot miners who want a bigger slice of a smaller pie. If we cave on this, they will never allow our network to become competitive enough to disrupt the banksters.
Bloating the blockchain to DOA levels will disrupt bitcoin, not the banksters.
Besides, 8mb blocks, or even 80mb blocks, aren't enough to scale to such levels. You'd need enormous storage (and bandwidth) per day to compete with the volume of banks and credit cards.
Visa does 2000 tx/s. Bitcoin needs 300-700mb/blocks to do that, not accounting for spam.
If you add mastercard, bank transfers, swift, paypal, and, finally, cash transactions from person to person that could be digitized with btc, not even 1gb blocks would scale.
Exactly. And BitcoinXT looks like an altcoin IMHO.
All Gavin fanboys are screaming: Scale or die. They just don't understand that increasing the block size is not a permanent solution. It's a quick fix.
And like every quick fix in your life, its consequence is always bad.
August 20, 2015, 05:19:06 AM
Good morning gentlemen! I went to bed last night with the price crashing to 223. Glad to wake up & see that we didn't go any lower. I was worried I'd wake up to sub 200. I've lost confidence, I didn't even know what to expect. Anybody have an opinion on what's going to happen next? Serious responses only please.
August 20, 2015, 05:05:42 AM
This is an attempted coup alright, but it's from idiot miners who want a bigger slice of a smaller pie. If we cave on this, they will never allow our network to become competitive enough to disrupt the banksters.
Bloating the blockchain to DOA levels will disrupt bitcoin, not the banksters.
Besides, 8mb blocks, or even 80mb blocks, aren't enough to scale to such levels. You'd need enormous storage (and bandwidth) per day to compete with the volume of banks and credit cards.
Visa does 2000 tx/s. Bitcoin needs 300-700mb/blocks to do that, not accounting for spam.
If you add mastercard, bank transfers, swift, paypal, and, finally, cash transactions from person to person that could be digitized with btc, not even 1gb blocks would scale.
Exactly. And BitcoinXT looks like an altcoin IMHO.
All Gavin fanboys are screaming: Scale or die. They just don't understand that increasing the block size is not a permanent solution. It's a quick fix.
And like every quick fix in your life, its consequence is always bad.
August 20, 2015, 05:02:27 AM
August 20, 2015, 04:06:35 AM
Quote
Are any decisions made at the workshop?
Absolutely no decisions are made at workshops, as this would run the risk of being rushed and unfair to the global community unable to attend in person. The workshop is about raising awareness of issues and proposals, finding common ground, and encouraging public discussion within the existing mechanism of technical progress through the Bitcoin Improvement Proposal process.
gimme a fuckin break. How many nodes will be running bitcoinXT by then do you think? Morons.
LOL, I totally agree with you, BJ!
I get the impression that there is a campaign going on to put Gavin and Mike in a bad light. Yet, they are the only ones capable of describing the transaction capacity issues in a way that seems logical and coming up with a solution. Go XT!
August 20, 2015, 04:02:27 AM
August 20, 2015, 03:02:27 AM
August 20, 2015, 02:52:17 AM
220 still strong, last test dump is fail
August 20, 2015, 02:02:22 AM
August 20, 2015, 01:54:01 AM
The urgency isn't even in block size or scalability. The urgency is in fixing the goddamn decision-making process among the core devs. You think Hearn was wrong about that?
From an objective standpoint, looking at Hearn's contributions as a whole (the database change that caused the first fork, the redlisting coins proposal, and XT in particular) I think one could come to the logical conclusion that Hearn has been compromised by the NSA or some other three letter agency, likely recruited while he was still with Google.
Oh get real. Insisting on personalising the debate is childish - just stick to the technical and practical issues that we are discussing.
And keep your ludicrous tin hat theories for you're evenings in your fallout shelter, counting your ammo and tins of spam with your militia buddies.
August 20, 2015, 01:53:31 AM
stop with the FUD and sloganeering ... bitcoin can scale just fine without the induced... blah blah blah.
So what yer sayin' there fella is Bitcoin can scale fine as long as we dont scale it...
Maybe you would like to sit down, perhaps have a nice cup of tea, and maybe think about that one for a while.
August 20, 2015, 01:42:25 AM
Quote
Are any decisions made at the workshop?
Absolutely no decisions are made at workshops, as this would run the risk of being rushed and unfair to the global community unable to attend in person. The workshop is about raising awareness of issues and proposals, finding common ground, and encouraging public discussion within the existing mechanism of technical progress through the Bitcoin Improvement Proposal process.
gimme a fuckin break. How many nodes will be running bitcoinXT by then do you think? Morons.
August 20, 2015, 01:35:13 AM
Double bottom on Stamp..
August 20, 2015, 01:30:37 AM
The urgency isn't even in block size or scalability. The urgency is in fixing the goddamn decision-making process among the core devs. You think Hearn was wrong about that?
From an objective standpoint, looking at Hearn's contributions as a whole (the database change that caused the first fork, the redlisting coins proposal, and XT in particular) I think one could come to the logical conclusion that Hearn has been compromised by the NSA or some other three letter agency, likely recruited while he was still with Google.
You're not answering my question. Has the decision making process broken down or not? Has their even been a joint statement among the core devs regarding this controversy been issued? No, of course not. It's fucking embarrassing. Give us a time frame on when the block size patch will be implemented. something.
The beauty of Bitcoin is that we don't have to trust Hearn or Gavin or anybody. We trust the code. We trust a valid argument, no matter who makes it. Core devs need to get their shit together toot sweet. If it takes a hard fork to make that happen, so be it.
they're all getting together for a talk-fest, kumbay-aaah session and maybe a group hug at the end before satisfying your demands for releasing a joint statement ... and then they'll delay some more and have another talk-fest in Hong Kong in December ... no panic, no rush, just some measured think-sessions by the thought leaders.
https://scalingbitcoin.org/montreal2015/
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