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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20999. (Read 26630362 times)

hero member
Activity: 691
Merit: 500
hero member
Activity: 798
Merit: 1000
So hands up. Whos seriously buying at this level? (As a trader, not as a long term purchase).

All the technicals point to more down.

To be honest we're lucky that China held up so well while all the fishyness was going on over at Bitfinex.

Oh also congrats everyone who longed the Euro pre FOMC meeting.
legendary
Activity: 1260
Merit: 1002
hero member
Activity: 691
Merit: 500
Would absolutely love for the core dev team to get on-board with bigger blocks and I'm sure most other people would too. Now that their bluff has been called, maybe we'll see them implement something.
There is no need for bigger block size. There is no need to increase the size of blocks every time we get near the limit. There is no need for free money transfers for everyone. Everything that is free for the users but not free for the manufacturers will be abused in every possible way. That is a basic rule for every economy!!! Blockchain will be cluttered with spam and bitcoin will become worthless. Everyone should get accustomed to the idea that they have to compete with higher fees to get included in a block. XT altcoin gives no solution to this at all. It just kicks the can down the road in the most irresponsible way!

So want a bitcoin only for those rich enough to be able to get their tx's on the chain? How libertarian. Such altruism.

You are a perfect fit for the blockstream dream of a bitcoin solely accessible from a private sidechain. No direct access to the non-monied proletariat. I think that is a seismic shift from satoshis original plan. How do you reconcile that?

it's to early to decide a grow of the blocklimit. in the future the block reward will decrease and the fees have to increase. thats the vision of satoshi. but we have to handle it with calm.

What do you think will happen to the millions of lost bitcoins ?



You're wrong

https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
it's to early to decide a grow of the blocklimit.

Right on.  Should wait until there's a catastrophic backlog, and then start thinking about what to do about it & trying to reach a consensus.

go ahead to increase the backlog.  Grin

https://www.cryptocoinsnews.com/coinwallet-plans-stress-test-bitcoin-make-case-larger-block-size/
sr. member
Activity: 252
Merit: 250
3200 BTC on Stamp to get through to get back to 250.

Just a little more consolidation in the 230s before an explosion higher once people realize the crash has happened so it's time to load back up.
sr. member
Activity: 434
Merit: 250
Would absolutely love for the core dev team to get on-board with bigger blocks and I'm sure most other people would too. Now that their bluff has been called, maybe we'll see them implement something.
There is no need for bigger block size. There is no need to increase the size of blocks every time we get near the limit. There is no need for free money transfers for everyone. Everything that is free for the users but not free for the manufacturers will be abused in every possible way. That is a basic rule for every economy!!! Blockchain will be cluttered with spam and bitcoin will become worthless. Everyone should get accustomed to the idea that they have to compete with higher fees to get included in a block. XT altcoin gives no solution to this at all. It just kicks the can down the road in the most irresponsible way!

BitcoinBlockstream Edition AKA Bitcoin Core will have to rely on the lightening network of some sorts, which will

1) centralize massively
2) take away miners fee, so no incentive for miners

Eventual dead of BitcoinBlockstream Edition AKA Bitcoin Core

Dev's powered by Blockstream are the ones out for self enrichment, slowly killing Bitcoin.
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
Would absolutely love for the core dev team to get on-board with bigger blocks and I'm sure most other people would too. Now that their bluff has been called, maybe we'll see them implement something.
There is no need for bigger block size. There is no need to increase the size of blocks every time we get near the limit. There is no need for free money transfers for everyone. Everything that is free for the users but not free for the manufacturers will be abused in every possible way. That is a basic rule for every economy!!! Blockchain will be cluttered with spam and bitcoin will become worthless. Everyone should get accustomed to the idea that they have to compete with higher fees to get included in a block. XT altcoin gives no solution to this at all. It just kicks the can down the road in the most irresponsible way!

So want a bitcoin only for those rich enough to be able to get their tx's on the chain? How libertarian. Such altruism.

You are a perfect fit for the blockstream dream of a bitcoin solely accessible from a private sidechain. No direct access to the non-monied proletariat. I think that is a seismic shift from satoshis original plan. How do you reconcile that?

it's to early to decide a grow of the blocklimit. in the future the block reward will decrease and the fees have to increase. thats the vision of satoshi. but we have to handle it with calm.

What do you think will happen to the millions of lost bitcoins ?

hero member
Activity: 691
Merit: 500
Would absolutely love for the core dev team to get on-board with bigger blocks and I'm sure most other people would too. Now that their bluff has been called, maybe we'll see them implement something.
There is no need for bigger block size. There is no need to increase the size of blocks every time we get near the limit. There is no need for free money transfers for everyone. Everything that is free for the users but not free for the manufacturers will be abused in every possible way. That is a basic rule for every economy!!! Blockchain will be cluttered with spam and bitcoin will become worthless. Everyone should get accustomed to the idea that they have to compete with higher fees to get included in a block. XT altcoin gives no solution to this at all. It just kicks the can down the road in the most irresponsible way!

So want a bitcoin only for those rich enough to be able to get their tx's on the chain? How libertarian. Such altruism.

You are a perfect fit for the blockstream dream of a bitcoin solely accessible from a private sidechain. No direct access to the non-monied proletariat. I think that is a seismic shift from satoshis original plan. How do you reconcile that?

it's to early to decide a grow of the blocklimit. in the future the block reward will decrease and the fees have to increase. thats the vision of satoshi. but we have to handle it with calm.

What do you think will happen to the millions of lost bitcoins ?
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
Would absolutely love for the core dev team to get on-board with bigger blocks and I'm sure most other people would too. Now that their bluff has been called, maybe we'll see them implement something.
There is no need for bigger block size. There is no need to increase the size of blocks every time we get near the limit. There is no need for free money transfers for everyone. Everything that is free for the users but not free for the manufacturers will be abused in every possible way. That is a basic rule for every economy!!! Blockchain will be cluttered with spam and bitcoin will become worthless. Everyone should get accustomed to the idea that they have to compete with higher fees to get included in a block. XT altcoin gives no solution to this at all. It just kicks the can down the road in the most irresponsible way!

So want a bitcoin only for those rich enough to be able to get their tx's on the chain? How libertarian. Such altruism.

You are a perfect fit for the blockstream dream of a bitcoin solely accessible from a private sidechain. No direct access to the non-monied proletariat. I think that is a seismic shift from satoshis original plan. How do you reconcile that?

it's to early to decide a grow of the blocklimit. in the future the block reward will decrease and the fees have to increase. thats the vision of satoshi. but we have to handle it with calm.
hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista
Would absolutely love for the core dev team to get on-board with bigger blocks and I'm sure most other people would too. Now that their bluff has been called, maybe we'll see them implement something.
There is no need for bigger block size. There is no need to increase the size of blocks every time we get near the limit. There is no need for free money transfers for everyone. Everything that is free for the users but not free for the manufacturers will be abused in every possible way. That is a basic rule for every economy!!! Blockchain will be cluttered with spam and bitcoin will become worthless. Everyone should get accustomed to the idea that they have to compete with higher fees to get included in a block. XT altcoin gives no solution to this at all. It just kicks the can down the road in the most irresponsible way!

So want a bitcoin only for those rich enough to be able to get their tx's on the chain? How libertarian. Such altruism.

You are a perfect fit for the blockstream dream of a bitcoin solely accessible from a private sidechain. No direct access to the non-monied proletariat. I think that is a seismic shift from satoshis original plan. How do you reconcile that?
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
the FUD is strong today
sr. member
Activity: 322
Merit: 250
I ❤ www.LuckyB.it!
If something goes wrong, ALL YOUR MONEY COULD BE LOST.

The most general statement in the world and it applies to everything.

Money in a bank? If something goes wrong, ALL YOUR MONEY COULD BE LOST.
Money in Bitcoin? If something goes wrong, ALL YOUR MONEY COULD BE LOST.
Money in Gold? If something goes wrong, ALL YOUR MONEY COULD BE LOST.
Money in houses? If something goes wrong, ALL YOUR MONEY COULD BE LOST.

agree and....  https://en.wikipedia.org/wiki/Murphy%27s_law
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
Would absolutely love for the core dev team to get on-board with bigger blocks and I'm sure most other people would too. Now that their bluff has been called, maybe we'll see them implement something.
There is no need for bigger block size. There is no need to increase the size of blocks every time we get near the limit. There is no need for free money transfers for everyone. Everything that is free for the users but not free for the manufacturers will be abused in every possible way. That is a basic rule for every economy!!! Blockchain will be cluttered with spam and bitcoin will become worthless. Everyone should get accustomed to the idea that they have to compete with higher fees to get included in a block. XT altcoin gives no solution to this at all. It just kicks the can down the road in the most irresponsible way!

true and have my support.
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
If something goes wrong, ALL YOUR MONEY COULD BE LOST.

The most general statement in the world and it applies to everything.

Money in a bank? If something goes wrong, ALL YOUR MONEY COULD BE LOST.
Money in Bitcoin? If something goes wrong, ALL YOUR MONEY COULD BE LOST.
Money in Gold? If something goes wrong, ALL YOUR MONEY COULD BE LOST.
Money in houses? If something goes wrong, ALL YOUR MONEY COULD BE LOST.
hero member
Activity: 691
Merit: 500
legendary
Activity: 3431
Merit: 1233
Would absolutely love for the core dev team to get on-board with bigger blocks and I'm sure most other people would too. Now that their bluff has been called, maybe we'll see them implement something.
There is no need for bigger block size. There is no need to increase the size of blocks every time we get near the limit. There is no need for free money transfers for everyone. Everything that is free for the users but not free for the manufacturers will be abused in every possible way. That is a basic rule for every economy!!! Blockchain will be cluttered with spam and bitcoin will become worthless. Everyone should get accustomed to the idea that they have to compete with higher fees to get included in a block. XT altcoin gives no solution to this at all. It just kicks the can down the road in the most irresponsible way!
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