All posts made by fairglu in Bitcointalk.org's Wall Observer thread
1.
Post 10136333 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_13.47h):
Selling ends soon?
Next big dip in 5-10 minutes, if not, expect a bounce up (but won't last)
2.
Post 10137684 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_13.47h):
And Satoshi did not even dump his stash.
3.
Post 10139014 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_13.47h):
Just saying "Hi"
How do you do?
4.
Post 10149223 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_13.48h):
'twas fun!
See you soon
5.
Post 10172673 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_13.50h):
Might just have been the Korean bitcoin cards new actually.
6.
Post 10173181 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_13.50h):
can someone says that the next 20 hours is critical or something gentlemen ?
EDIT : Please ?
It's not true. Next 6 hours are critical

Next 1h30 actually

7.
Post 10174804 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_13.50h):
8.
Post 12102533 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_14.23h):
Does anybody know what Circle and Bitpay are going to do regarding the New York bitlicence?
BitPay is just a payment processor (e.g. it would not sell or buy bitcoins, or hold accounts in name of clients). As such, it may have different licensing requirements.
Bitpay buy and sell bitcoins. They also hold accounts of all their clients.
BitLicense application spectrum looks quite broad to me
https://bitcointalk.org/index.php?topic=1147913.msg12091268#msg12091268It affects any entity that deals with virtual currencies (not just bitcoin) and that falls under the NY finance department, which includes all the usual financial services as well as "service providers" (not necessarily financial, just needs to have a contractual service agreement)
9.
Post 12118727 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_14.23h):
The concern with big blocks isn't the mining nodes, it's just the regular nodes. People worry about a percentage of them shutting down after balking at increased network costs leading to more centralization on a relaying node (vs mining node) level.
It's definitely not resolved yet, but progress is good, markets hate uncertainty.
Indeed, and regular nodes are not incentivized in any way, unlike pools which get block rewards.
Increased block size can just be one leg of bitcoin going forward, the other leg has to be "pruning full nodes" of some sort.
10.
Post 12200583 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_14.24h):
I personally think the limit to block size is not the one in code, but mining and propagation.
Larger blocks are slower to propagate, and have a greater chance of being orphaned. SPV mining and 1 transactions blocks are already regular.
IMHO that's where there is the greater risk in terms of bitcoin scalability: it is currently risky (in terms of profit) to pack too many transactions in a block, as block rewards go down, all low-fee tx will be filtered out by miners, and they will strive to make small blocks packed with high fee tx.
It just does not make sense (from a miner PoV) to have large blocks (higher risk of orphans) unless fees are sufficient.
So the blocksize may ultimately be irrelevant in terms of fees, propagation speed will be the name of the game (at least for profit-oriented pools).
11.
Post 12225942 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_14.24h):
Beware of a Chinese reversal: HSCEI has been bouncing on 9000 level every year since 2011
http://www.bloomberg.com/quote/HSCEI:IND
12.
Post 12227871 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_14.24h):
13.
Post 12228163 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_14.24h):
BFX confirmed that that $100 flash crash was a glitch and reversed the trades. Only a few trades took place down there anyway.
True, but also completely irrelevant

Charts are not about what happened, or why, or if they are correct, or if they bear any relationship to reality, but about how other people and trading bots that read them react.
In that case, it's a perfect alignment of 3 lows separated by months, meaning some bots or people, are/were watching that trend line. That the first point is pointless in the real world is itself pointless, bots and people reacted to it, and that's all that matters.
14.
Post 12228369 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_14.24h):
...go onto trading view and find me a chart where someone else is using BFX...
IME "real traders" do not share their charts, the only ones that do are pros with a view and baseline amateurs (like me).
This trend happened, and interestingly enough the low spike before it was on a trend as well

I was lucky a few month ago (
https://bitcointalk.org/index.php?topic=839312.0), my crystal ball gives a a target at $230 on early November/late October, and $250 around March 2016, with some movement in between, including a possible new low near $150. Feel free to disbelieve and laugh if I am wrong

15.
Post 12228612 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_14.24h):
To sum it up: price per GB from 1980 to 2010 : 300.000 USD to few cents (less than 1 USD). Max HDD space on average home user HDD went from : 2.520 MBs to 2.000.000 MBs. (an almost 800x increase on a single HDD in an average home PC!).
Rate of progress drastically slowed lately:
* 2000: 200 MB
* 2004: 2 GB (x 10)
* 2008: 1.5 TB (almost x 1000) <<< this is the oddity that gave everyone the wrong impression
* 2012: 4 TB (x2.7)
* 2016: 10 TB (x2.5)
(
https://en.wikipedia.org/wiki/History_of_hard_disk_drives#1980s.2C_the_PC_era)
Short of a new tech breakthrough, we won't get Petabyte drives soon, and SSD + cloud storage mean that people usually make do with less HDD storage these days than in 2010.
16.
Post 12297250 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_14.25h):
ukraine true that would legalize bitcoin? This seems to be an effect on the market
You mean
http://cointelegraph.com/news/115203/ukraine-may-soon-legalize-bitcoin ? Misleading title.
It looks more like a rumor of a possibility of an hearsay, basically some officials got a presentation by an enthusiast and found it interesting (or did not reject it outright at least)
17.
Post 12936548 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_14.33h):
"While proposing we "forget about Bitcoin", "Blockchain" woman Blythe Masters has been buying BTC hands over fist"
IIRC she has always been quite bullish about bitcoin.
18.
Post 14948502 (copy this link) (by fairglu) (scraped on 2020-04-04_Sat_14.50h):
Between bitcoin halving and ethereum movements, the only thing sure is that some serious amount of value will change hands in the next weeks.