It's funny. I've been one of the biggest bulls on here the last few weeks. Now, I look at the poll in this thread and see over 90% bulls.
Am I really one of the few that is feeling a little bearish right now?
I agree, if we flatline for a few weeks, I will expect an explosion right before heading into the new year.
But I must admit, I don't have full confidence this market doesn't want to try another sell off in the next few days or this coming weekend.
I just can't imagine that we are going to have a better bitcoin news month than the last month for at least a while. I mean Bitcoin was everywhere. But soon Christmas is going to be everywhere. And people are not as likely to hassel about investments going into the holidays.
Of course, maybe the sellers are happy just holding now. Letting the buyers catch their breath before we head north again. But, to me, it kinda feels like this rally might be over.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31570. (Read 26731937 times)
December 03, 2013, 11:55:09 PM
December 03, 2013, 11:41:36 PM
Mils have been used in several countries for thousandths of a currency unit
Really thinking Mils will be the "spoken word" term. It is the shortest that includes reference to the unit.
You could just call them bits or bai.
December 03, 2013, 11:37:22 PM
Is the issue that the bitcoin-qt clients simply do not propagate anything below the "minimum" fee, so the miners don't even get to decide whether to include them in blocks? If there are any threads about this I'd be curious to read them.
I've made several zero fee transactions. Am I missing something?
Yeah, that's because your tx met 3 conditions:
1) smaller than 10,000 bytes
2) All outputs were 0.01 BTC or larger
3) Its priority was large enough (priority = sum(input_value_in_base_units * input_age)/size_in_bytes)
This is basically because you have old coins.
December 03, 2013, 11:33:28 PM
Is the issue that the bitcoin-qt clients simply do not propagate anything below the "minimum" fee, so the miners don't even get to decide whether to include them in blocks? If there are any threads about this I'd be curious to read them.
I've made several zero fee transactions. Am I missing something?
December 03, 2013, 11:30:42 PM
Mils have been used in several countries for thousandths of a currency unit
Really thinking Mils will be the "spoken word" term. It is the shortest that includes reference to the unit.
Inflation made them obsolete long ago. With the deflationary nature of Bitcoin, they'll be necessary again, even if it's just as a stepping-stone until we all use satoshis.
December 03, 2013, 11:23:18 PM
Wow, big buy on Gox (17 btc).
Oh, who am I kidding. It's dead out there..
Oh, who am I kidding. It's dead out there..
TIL I'm a whale.
December 03, 2013, 11:13:38 PM
Mils have been used in several countries for thousandths of a currency unit
Really thinking Mils will be the "spoken word" term. It is the shortest that includes reference to the unit.
December 03, 2013, 11:13:30 PM
Wow, big buy on Gox (17 btc).
Oh, who am I kidding. It's dead out there..
I thought there was mad action going on, then i realized bitcoinity shows everything in mBTC now Oh, who am I kidding. It's dead out there..
. December 03, 2013, 11:10:26 PM
Wow, big buy on Gox (17 btc).
Oh, who am I kidding. It's dead out there..
Oh, who am I kidding. It's dead out there..
December 03, 2013, 11:01:35 PM
If miners are ignoring tx with .00001 fees instead of 0.0001, for example, that is an issue with block size, NOT the standard fee. Miners are incentivized to cram all the fee-paying tx they can into a block, up to the point when it's totally full. THEN - and only then - does it make sense to discriminate by fee amount.
If miners are ignoring tx with non-standard fees for blocks that aren't full, that's ridiculous. They're throwing money away.
If miners are ignoring tx with non-standard fees for blocks that aren't full, that's ridiculous. They're throwing money away.
I don't know, but from what I understand, if it's lower than the current minimum transaction fee (which happens to also be the minimum relay fee) then it's not counted, or it is considered as essentially zero.
Now, if you have aged unspent outputs such that your transaction does not require a fee, but you make so that you have at least the minimum, that will be considered or counted. (if your transaction is 2kb and you put 0.00005 as the fee, it will use a total 0.0001 as the total transaction fee.)
This is a bug.
Why isn't the market determining its own transaction rates? It's absurd that the devs are deciding what a "fair" transaction fee is. Look where it's gotten us...
Is the issue that the bitcoin-qt clients simply do not propagate anything below the "minimum" fee, so the miners don't even get to decide whether to include them in blocks? If there are any threads about this I'd be curious to read them.
December 03, 2013, 10:59:58 PM
whatever happens, i hope the changes are made in a uniform sweep.. could you imagine how confused people would be? mBTC and BTC. in preparing for something like this, you have to account for the lowest common denominators.
December 03, 2013, 10:59:46 PM
If miners are ignoring tx with .00001 fees instead of 0.0001, for example, that is an issue with block size, NOT the standard fee. Miners are incentivized to cram all the fee-paying tx they can into a block, up to the point when it's totally full. THEN - and only then - does it make sense to discriminate by fee amount.
If miners are ignoring tx with non-standard fees for blocks that aren't full, that's ridiculous. They're throwing money away.
If miners are ignoring tx with non-standard fees for blocks that aren't full, that's ridiculous. They're throwing money away.
I don't know, but from what I understand, if it's lower than the current minimum transaction fee (which happens to also be the minimum relay fee) then it's not counted, or it is considered as essentially zero.
Now, if you have aged unspent outputs such that your transaction does not require a fee, but you make so that you have at least the minimum, that will be considered or counted. (if your transaction is 2kb and you put 0.00005 as the fee, it will use a total 0.0001 as the total transaction fee.)
December 03, 2013, 10:59:05 PM
Mils have been used in several countries for thousandths of a currency unit
December 03, 2013, 10:58:08 PM
& BTC-e is just a matter of time before it gets shut down. They service US customers, so there is the feds main reason to shut it down.
Is it customary that all non-US customers also lose all their funds? I am not knowledgeable of the topic.
December 03, 2013, 10:57:03 PM
It's not a question of if it goes up, just a question of when.
December 03, 2013, 10:51:31 PM
Whatever the unit is for daily transactions it should just be called "Coin". That seems to be a fairly popular way of referring to bitcoins.
I'm actually a fan of "bits", referring to a millionth of a bitcoin.
So at a $1000/BTC exchange rate, a $3.50 cup of coffee is "3500 bits" instead of 3.5 mBTC.
Seems more suited to everyday life than "millibitcoins" anyway. Especially considering that by the time we're paying for coffee with it, it's gonna be closer to 35 bits for the coffee.
History repeats itself.
December 03, 2013, 10:32:34 PM
Whatever the unit is for daily transactions it should just be called "Coin". That seems to be a fairly popular way of referring to bitcoins.
I'm actually a fan of "bits", referring to a millionth of a bitcoin.
So at a $1000/BTC exchange rate, a $3.50 cup of coffee is "3500 bits" instead of 3.5 mBTC.
Seems more suited to everyday life than "millibitcoins" anyway. Especially considering that by the time we're paying for coffee with it, it's gonna be closer to 35 bits for the coffee.
December 03, 2013, 10:17:48 PM
Whatever the unit is for daily transactions it should just be called "Coin". That seems to be a fairly popular way of referring to bitcoins.
December 03, 2013, 10:02:24 PM
Having BTC at one place and mBTC at others is kind of (super) messy, and prone to provoke mistakes.
people who can't do basic units notation shouldn't deal with money, or physics, or chemistry, or electronics, or computer science, or pretty much anything
December 03, 2013, 10:02:21 PM
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