Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22386. (Read 26609126 times)

I hope so, I spent a pretty penny on some new space boots.

By lucky you mean soon-to-be bagholders?

Slightly more ferocious sell off than I was expecting, though a pullback was pretty obvious in the short term.

Seems opportunistic based on expectation of fear driven by the news, which ultimately IMO will have no effect on the price.

Quick recovery or sideways into the rapidly falling log trend line? Either is fine by me

Keep selling bears!


 

Any lucky people get in a buy under $250 today?

Yes, hacked and robbed. Thieves announced that they are going to market sell all of them on kraken and quadricagxcx in the next 2 hours.

dump is NOT over  
Watch...

lol @ me m8! You caught me with my pants down I'm so stupid, so very stoopid. Im sorry.

Don't worry about my humour or my financial situation. All the way down was for me as nearly profit yielding as all the way up. If this sucker drops below ~100 (what it certainly will) it will be even more profitable than the whole bubble before.

For my humour I even care less, Permabulls are maintaining my humour 

Is btc-e hacked look at this transaction : https://blockchain.info/fr/address/1LUbmdd4NLg8GoFrFY1L4cR5FeAmArDGvd
also did it affect my account balance ??

Still going to the moon ? 

False dichotomy - it's the USD that's based on fallacies like religion. "In God we trust"

Lol @ u m8

Nah, most of those guys are relatively small fish from the reddit brigade. From my observations it's likely a small group of unrelated individuals with professional market experience, deep pockets and pretty sophisticated bots. You wanted Wall Street, well they are here and are shaking the market for all it's worth!

http://www.gamblersanonymous.org/ga/


Not even trolling.

Wrong..again. But keep praying to your God to make you rich

Well told ya guys greed gets u broke.

Thanks for the lesson, but I do understand the consensus mechanism, and I know about orphan blocks.  Perhaps I am using the wrong name, but those that you describe are not "hard forks", not even "soft forks", it is just the normal operation of the protocol.  Both the orphans and the winning branch use exactly the same version of the software, and the UTXOs in the orphaned blocks become invalid by definition. 

What I am discussing is a fork of the blockchain where each branch uses a different protocol, and every message is identifiable as belonging to one branch only, and is accepted (or seen) only by clients and miners who are running that version of the protocol.  Blocks before the split are valid under both protocols, but blocks after the split are valid only according to their specific version.  Each transaction request is directed to one branch only; if a client wants to move both clones of his coins to the same address in each chain, he must issue two requests, and they may or may not be accepted independently. 


No, that is not at all what I am discussing, see above.

It may be possible to have some "merged mining" scheme where a miner can attempt to mine both chains at the same time.  But I am not considering that possibility. I am assuming that each miner chooses only one of the two branches to work on, by upgrading or not to the appropriate software and/or talking only to the appropriate set of relay nodes.

After a hard fork, there is no automatic "synchronizing" of the two branches (and re-joining them would soon be impossible, even with substantial hackery).


Yes, as I said, a hard fork that cannot count on attracting most of the hashpower right away (like that kid's) would also have to lower the difficulty temporarily to ensure a fair block rate, until the automatic adjustment can take over. 

But a hard fork that can muster 25% (say) of the hashpower perhaps could afford having 1 block every 40 minutes for a couple of weeks.  So the difficulty adjustment may not even be necessary.


At the OP_MUL fork, everyone choose to switch to the new protocol, recommended by Gavin, even though it meant "rewinding" the blockchain and invalidating some deeply-confirmed transactions.  If tried to do a hard fork of my own, surely no one else woud switch.  The difference between the two cases is not in the protocol or mathematics, it is politics.

The good working of the protocol depends heavily on the behavior of its human players, about which nothing can be proved mathematically.  It assumes that a majority of the players will be driven by immediate greed, and therefore would choose alternative X over Y when considering many specific choices that have been considered when designing the protocol.  However, that assumption is not certain, and the possible situations and choices that the players may face is not bounded.

We are already seeing some situations and choices that may not have been foreseen.  For example, the transaction fees being insignificant compared to the block reward, and some powerful miners apparently choosing to mine empty of half-full blocks rather than full ones. 

It's just good that you have a sense of humor. Please don't let your financial situation ever take that away from you.

I do understand that.  At this point, I am pretty sure that you understand why that makes no difference at all, too - but apparently, no amount of reason will deter you from your mission of spreading Fear, Uncertainty, and Doubt, so have at it.

I would love to at least get some insight into your actual motivations  - but clearly, nothing is being accomplished in this "debate", so I will leave you to it.

Doubledigits MY ASS!!

HODL #1 rule of btc after a ~90% dump and calling other people trolls.

LMAO.