Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21050. (Read 26720580 times)

legendary
Activity: 1260
Merit: 1002
There's a lot of discussion here about the pros and cons of a bigger blocksize, but other threads elsewhere on this forum are more informative about this subject. What I am interested in is, what are you people thinking this whole blocksize discussion will mean for the price the coming weeks or months?

I'm asking because I'm usually dead wrong when trying to predict what will happen. This will probably mean the price will sharply rise very soon, as I have sold my entire stash @ 208 euros hoping to buy back a lot cheaper when this whole thing is settled (one way or the other).

As long as there is uncertainty, there will be a downward pressure. Uncertainty will dissappear long before new year, and the larger blocksize will be accepted by all. Then, price can rise, because unhampered new adoption will necessarily lead to a higher price.


1/ stfu with your unhampered unexistent mainstream adoption
2/ stfu with your blocksize pseudo science
3/ stfu with your uncertainty that only your Gavin idol created.

legendary
Activity: 1512
Merit: 1005
There's a lot of discussion here about the pros and cons of a bigger blocksize, but other threads elsewhere on this forum are more informative about this subject. What I am interested in is, what are you people thinking this whole blocksize discussion will mean for the price the coming weeks or months?

I'm asking because I'm usually dead wrong when trying to predict what will happen. This will probably mean the price will sharply rise very soon, as I have sold my entire stash @ 208 euros hoping to buy back a lot cheaper when this whole thing is settled (one way or the other).

As long as there is uncertainty, there will be a downward pressure. Uncertainty will dissappear long before new year, and the larger blocksize will be accepted by all. Then, price can rise, because unhampered new adoption will necessarily lead to a higher price.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

There is no straw man here. It's attacking the fundamental rationale behind what is happening.

2 devs saw that BTC should go another way regarding one of its parameters and they forked it. If they can do that, why not do the same for some other parameter, as they see fit?

For the sake of argument I am willing to accept that those are slippery slope arguments, but it's still not what's being proposed. And that seems to be quite common among those who oppose XT.

Poster earlier said "we need faster btc, not 10 minutes BTC".

Andersen and Hearn said "we need bigger btc, not 1mb BTC"

Next thing you know, a guy who doesn't follow protocol, just like Andersen and Hearn did, forks it in favor of 2x - 5x faster transactions and claims all the other guys are cripple coiners for insisting on a time limit that is slow and that can't rival visa. He proclaims that speed is a necessary element for getting wide adoption and that otherwise we'll be favoring payment processors that can take 0-conf transactions - so we really NEED these lower conf. times.

See how good it sounds? But these populist appeals to bigger-better-faster are bullshit.

If you ask anyone whether they want a bitcoin that can transact faster or be able to cope with more transactions, they will all say yes. Why wouldn't they? But there are very good technical reasons why we don't currently have 10mb blocks, or a high block frequency, or zero fees, or or or.

For most people these technical reasons are elusive, and that means that their decision in favor of a "better" bitcoin can be heavily influenced due to all those factors that they ignore.

So let's just leave the actual devs that know how BTC works, and that perform very thorough analyses on how it'll work out if they change key parameters, to decide the next development steps of BTC.

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. 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. Are you worried about the open source nature of Bitcoin?

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.
hero member
Activity: 1133
Merit: 819
220 seems to be a solid floor we've seen before.  I'm guessing this is the break even point for miners and they don't sell below 220.  Everybody seems scared to buy right now even though 2 months ago people were wishing they would of loaded up at 220.  Funny how that works.

Interesting, thx!
legendary
Activity: 1260
Merit: 1002
Once Gavin & hean out : ccmf.

Else you might just wanna kiss bitcoin goodbye.
legendary
Activity: 910
Merit: 1000
220 seems to be a solid floor we've seen before.  I'm guessing this is the break even point for miners and they don't sell below 220.  Everybody seems scared to buy right now even though 2 months ago people were wishing they would of loaded up at 220.  Funny how that works.
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
There's a lot of discussion here about the pros and cons of a bigger blocksize, but other threads elsewhere on this forum are more informative about this subject. What I am interested in is, what are you people thinking this whole blocksize discussion will mean for the price the coming weeks or months?


BTC depends on faith. If that's shaken by schisms then I can't see how that would help the price. No market likes uncertainty and a brand new market likes it even less. I think we'll have a clear direction long before January myself.
hero member
Activity: 1133
Merit: 819
There's a lot of discussion here about the pros and cons of a bigger blocksize, but other threads elsewhere on this forum are more informative about this subject. What I am interested in is, what are you people thinking this whole blocksize discussion will mean for the price the coming weeks or months?

I'm asking because I'm usually dead wrong when trying to predict what will happen. This will probably mean the price will sharply rise very soon, as I have sold my entire stash @ 208 euros hoping to buy back a lot cheaper when this whole thing is settled (one way or the other).
legendary
Activity: 1159
Merit: 1001
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2338
Merit: 1035
sr. member
Activity: 434
Merit: 250
So let's just leave the actual devs that know how BTC works, and that perform very thorough analyses on how it'll work out if they change key parameters, to decide the next development steps of BTC.

Indeed and that's exactly what Gavin and Mike did.

And no they didn't fork anything, besides the GitHub repository. If bitcoin forks it's because more than 75% wants it. No need to cry about it now.


Some other news:
http://www.bloomberg.com/news/articles/2015-08-21/brazil-has-yet-another-big-mess-on-its-hands-after-state-default


I guess the experiment failed big time, best to flood the entire country and start from scratch. I even heard in the hallways that one of their supposedly smart Professors has given up all hope and rather wastes his time online then to help his fellow citizens...
hero member
Activity: 1526
Merit: 597
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1708
Merit: 1049
This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

There is no straw man here. It's attacking the fundamental rationale behind what is happening.

2 devs saw that BTC should go another way regarding one of its parameters and they forked it. If they can do that, why not do the same for some other parameter, as they see fit?

For the sake of argument I am willing to accept that those are slippery slope arguments, but it's still not what's being proposed. And that seems to be quite common among those who oppose XT.

Poster earlier said "we need faster btc, not 10 minutes BTC".

Andersen and Hearn said "we need bigger btc, not 1mb BTC"

Next thing you know, a guy who doesn't follow protocol, just like Andersen and Hearn did, forks it in favor of 2x - 5x faster transactions and claims all the other guys are cripple coiners for insisting on a time limit that is slow and that can't rival visa. He proclaims that speed is a necessary element for getting wide adoption and that otherwise we'll be favoring payment processors that can take 0-conf transactions - so we really NEED these lower conf. times.

See how good it sounds? But these populist appeals to bigger-better-faster are bullshit.

If you ask anyone whether they want a bitcoin that can transact faster or be able to cope with more transactions, they will all say yes. Why wouldn't they? But there are very good technical reasons why we don't currently have 10mb blocks, or a high block frequency, or zero fees, or or or.

For most people these technical reasons are elusive, and that means that their decision in favor of a "better" bitcoin can be heavily influenced due to all those factors that they ignore.

So let's just leave the actual devs that know how BTC works, and that perform very thorough analyses on how it'll work out if they change key parameters, to decide the next development steps of BTC.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
legendary
Activity: 1260
Merit: 1002
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

There is no straw man here. It's attacking the fundamental rationale behind what is happening.

2 devs saw that BTC should go another way regarding one of its parameters and they forked it. If they can do that, why not do the same for some other parameter, as they see fit?

For the sake of argument I am willing to accept that those are slippery slope arguments, but it's still not what's being proposed. And that seems to be quite common among those who oppose XT.

stfu. told you this is not the place. no need to spill your ignorance everywhere, thinking your opinion matter in the first place.

wall obs thread. lets keep it that way. go altcoin section.

Have I ever told you that you're a complete ass?

legendary
Activity: 1260
Merit: 1002
This fork is about bigger blocks, right now. Why keep pushing straw man arguments? It's not the last update to the Bitcoin protocol. It's not the final version of the Bitcoin protocol.

There is no straw man here. It's attacking the fundamental rationale behind what is happening.

2 devs saw that BTC should go another way regarding one of its parameters and they forked it. If they can do that, why not do the same for some other parameter, as they see fit?

For the sake of argument I am willing to accept that those are slippery slope arguments, but it's still not what's being proposed. And that seems to be quite common among those who oppose XT.

stfu. told you this is not the place. no need to spill your ignorance everywhere, thinking your opinion matter in the first place.

wall obs thread. lets keep it that way. go altcoin section.
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