All posts made by yugo23 in Bitcointalk.org's Wall Observer thread
1.
Post 13809099 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.43h):
You can't win, smallblockers. It doesn't matter who you DDoS or what other dirty tricks you pull, when the market tanks, the miners will switch to big block code.
From the graph Andre pointed at, I don't see the point of going to 2Mb.
It seems like growing at 2Mb won't change anything, it'll grant only a few months/years of time but not much more.
You're right, it only buys us 1 year extra time. That's why the 8 MB proposal made more sense. However, in that one year SegWit can become fully operational, which will allow another year of growth. Hopefully, those two years will be enough to implement the Lightening Network -- or some other solution to the scaling problem.
It's not really making me confident seeing that bitcoin network is slowly (or not so slowly) turning into a fucking time attack, death being the overcloaked network!
2.
Post 13809454 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.43h):
You can't win, smallblockers. It doesn't matter who you DDoS or what other dirty tricks you pull, when the market tanks, the miners will switch to big block code.
...or to a more FUD-resistant coin. Mission accomplished.
Well, even if I would like to switch I wouldn't know to witch coin I could...
3.
Post 13826754 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.43h):
price is up a bit, Max leverage short now?
Whoops, I'm max leverage long!
Would you be kind enough to tell me on which plateforme are you trading long/short?
Cause i'm looking for a new plateforme!
4.
Post 13826920 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.43h):
price is up a bit, Max leverage short now?
Whoops, I'm max leverage long!
Would you be kind enough to tell me on which plateforme are you trading long/short?
Cause i'm looking for a new plateforme!
finex and poloniex
Thanks sir.
Gonna see what they're looking. I'm a bit tired of Kraken.
5.
Post 13834789 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.43h):
Aren't we stuck in this price range for the past several weeks now while ETH has been going leaps and bounds, waiting for the dumpers though so they can move back to bitcoin
Yeah completely!
I don't mind bitcoin getting a little bit of stability. And the current price range is rather good if you compare it to what we had only a few months back so I don't feel like complaining ^^
You can't reach the moon if you don't take a rest from time to time
6.
Post 13846844 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.43h):
I was hoping for something that didn't involve drugs or gambling.
How's about Ethering the cash to pre fund the removal of some Indian sap's kidney and then they get the rest when it's safely installed in grandma back in the good old US?
>Order decent white kidney
>Pay for decent white kidney
>Get Indian kidney
Lord, why hath thou forsaken me?
In this hypothetical scenario, your imaginary friend has actually probably done you a favour.
Most sub-continental asians live on a largely vegetarian diet, low fat, sugar, sodium and no alcohol. I'd happily snap up an Indian kidney over a flogged out old American kidney any day of the week.
WTF? Isn't this thread about btc price and shit like trading? xD
7.
Post 13846946 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.43h):
BIIIIIIIIIIIIIIIM!!!!
That's the 380$ for you baby <3
Ok now the 400 next stop:
8.
Post 13847282 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.43h):
FinI'd be hodling BTC for dear life now. In fact, I am.
That piece is the reason we are having this debate - from the first line its looking for consensus in the sense of "do not attempt to make any changes..."
In what universe is that consensus? That is coercion. If you are so happy that you are on the right side, then let this happen. If everyone ignores it and carries on as before, then it is a non issue. But why this fear? Because they know this has a real chance of happening.
But seriously, if that letter is in any way legit, then this mofo deserves to go down in flames.
The only comfort is that Hilliard and Corem are signatories, and anything with their name on it usually stinks of deceit.
Why is it a bad thing?
If all miners agree on that well it's more or less the only thing that can be done no?
9.
Post 13847334 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.43h):
Damn I'm feeling something strong is happening with this Bitcoin Classic released and being adopted by some. I fear I might miss something big ><
Why can't I understaaaaaaaaaaand?
10.
Post 13848347 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.43h):
I look forward to Lightning Network if it works as we all hope it does. Hopefully it only requires soft forks to implement.
I'd love to run a lightning node and charge a few bit cents for running it to have a small income from my holdings.
Yes, this is an often ignored point drowned out by the critics, conspiracy theorists, and trolls of blockstream. LN is open source, was invented and primarily being developed outside of Blockstream, and is going to offer a viable
solution to the dilemma of node centralization by incentivizing node operators.Ok correct me if I'm wrong but centralization of nodes could get some power to the one running them no? Hence decentralization seems a good thing, but if anyone wants to centralize the nodes of the LN, he will only need to put his nodes for free! Then nobody else will use the paying nodes no?
11.
Post 13848629 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.43h):
But I don't think I get it right, does it cost anything to run a node? i mean you do that on an average normal computer no?
Yes, building a decent node costs at least 90 dollars , and has a maintenance fee for hosting the bandwidth and electricity. Thus ideally a LN channel node should exceed 15 dollars a month to overcome this in tx fees revenue.
Ok correct me if I'm wrong but centralization of nodes could get some power to the one running them no? Hence decentralization seems a good thing, but if anyone wants to centralize the nodes of the LN, he will only need to put his nodes for free! Then nobody else will use the paying nodes no?
There will be many different competing models of nodes and their features. Some can act as escrow agents with higher level services and insurance programs, some will offer better anonymity through coinjoin/CT/mixing, some will merely have an advantage as they represent a unique hop for better connectivity between other nodes.
I wouldn't worry about free nodes as their are few miners who process free tx right now ... Free LN channels would quickly get filled with spam and people would use other channels.
Ok thanks for your explanations buddy
Everything is clearer now ^^
12.
Post 13860081 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.43h):
OH YEAH!!!
We broke the 380 ceiling for good this time!!!!
I think it's the first time in a few weeks that I see a price really above 380$!
13.
Post 13861660 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.43h):
Thanks for the link. I was absolutely not aware of those facts!
14.
Post 13890520 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.44h):
I don't necessarily disagree with you that there will be people that want more than 21m coins.
An argument like that will never be presented "we want more coins and high inflation for the lolz".
It will be presented as "we want cheap txs".... Arguments like
"People want cheap txs, who are you to stop that".... Populist bullshit like "bigger blocks" and the "dangers" of "fullblockalypse".
There is no comparison between a hard fork to raise the blocksize and a hard fork to increase the 21 milion cap on supply. The former is a minor property that almost everyone agrees will need to be changed at some point. I owned Bitcoins for years before I even know there was a max blocksize. I knew of the 21 MM limit before I bought my first coin.
A slippery slope argument is a logical fallacy.
https://en.wikipedia.org/wiki/Slippery_slopeDude increasing the 21 M limit and increasing the block size is the same thing.
What? Whaaaaaat?
I'm clearly not aware of that! What are you talking about? What's the link between block size and coins cap?
It is called instigating a _precedent_, changing a protocol parameter such as the 21M limit is 1 line of code, just like the blocksize limit.
Anyway, glad to see that such governance coup is impossible and that nobody, not even core can do anything about it.
Ah ok what he means is not that block size would mean more than 21millions coins but just that both are an important part of btc that shouldn't be changed.
So what do you do about the increasing adoption then? You just stop people from using btc?
15.
Post 13890631 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.44h):
BIM! Under the 400 again! I knew it!!!
400 is jsut a too strong ceiling, can't be broken so fast ^^
16.
Post 13890810 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.44h):
So what do you do about the increasing adoption then? You just stop people from using btc?
Anyone can adopt bitcoin by paying the damned fees at market price.
Shills, saboteurs, trolls, academics, and useful idiots are invited to fork off.
Clear enough?
Hmm... Perfectly clear yeah... As polite as usual from what I see...
But paying the fees is not the problem. I don't care about paying the fees. What I care about is that if there is more transactions that can be added into the block, the fees will only get higher until enough people refuse to pay them for the number of transactions to be small enough to get in the blocks no? Which means we can have only a limited amount of tx everyday... Limit already reached today with maybe 1 million bitcoiners! So how do you want to reach teh billion? That's impossible!
Did I miss something?
17.
Post 13890839 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.44h):
I don't necessarily disagree with you that there will be people that want more than 21m coins.
An argument like that will never be presented "we want more coins and high inflation for the lolz".
It will be presented as "we want cheap txs".... Arguments like
"People want cheap txs, who are you to stop that".... Populist bullshit like "bigger blocks" and the "dangers" of "fullblockalypse".
There is no comparison between a hard fork to raise the blocksize and a hard fork to increase the 21 milion cap on supply. The former is a minor property that almost everyone agrees will need to be changed at some point. I owned Bitcoins for years before I even know there was a max blocksize. I knew of the 21 MM limit before I bought my first coin.
A slippery slope argument is a logical fallacy.
https://en.wikipedia.org/wiki/Slippery_slopeDude increasing the 21 M limit and increasing the block size is the same thing.
What? Whaaaaaat?
I'm clearly not aware of that! What are you talking about? What's the link between block size and coins cap?
It is called instigating a _precedent_, changing a protocol parameter such as the 21M limit is 1 line of code, just like the blocksize limit.
Anyway, glad to see that such governance coup is impossible and that nobody, not even core can do anything about it.
Ah ok what he means is not that block size would mean more than 21millions coins but just that both are an important part of btc that shouldn't be changed.
So what do you do about the increasing adoption then? You just stop people from using btc?
Increasing adoption has nothing to do with blocksize cap, but the *trust* in the system to prevent any politicized human interference.
Adoption will follow the need to bypass traditional financial systems, even if it become more expensive to do so (it obviously should).
Nobody is forcing anyone in or out of bitcoin.
But by using Bitcoin you have abide to its protocol, and that is all.
I'm not talking about coins cap but block size.
Block size = limit number of tx = limit number of bitcoiners no?
If you can't make more than X tx a day it means you can't have much more than X people using btc in their daily life... Which means you limit the adoption of bitcoin... Which means it will never be able to replace the fiat system.
I find it both sad and not compatible with the btc ideology. Maybe I'm misunderstanding something though.
18.
Post 13891122 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.44h):
we can have only a limited amount of tx everyday... Limit already reached today with maybe 1 million bitcoiners! So how do you want to reach teh billion? That's impossible!
Did I miss something?
1. Limit is reached today thanks to the tons of dust due to low fees
2. Anyone can build systems on top of bitcoin to make instant and almost free transactions for micropayments and not only micro.
Well I don't have quantitative analysis for your one and didn't understand your two so...
Anyway limiting the number of tx everyday is a bit strange. Why not setting no limit but imposing a high fee? I don't care to pay a high fee, what I want is that bitcoin is used and might replace fiat one day!
19.
Post 13903120 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.44h):
You gotta admit we have to do something about those full blocks no?
20.
Post 13903913 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.44h):
Goooood morning, i was in a shit mood this morning, GF wake up late so i had to drive her to work and there was 15cm of fresh sown on the ground and 15cm more coming down, but my mood changed when i checked bitcoinchart
Good morning Adam.
Don't know where you are to have some snow. But yeah btc is on the rise, problem is it's on the rise since last week just can't pass the 405 test!
21.
Post 13904095 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.44h):
Goooood morning, i was in a shit mood this morning, GF wake up late so i had to drive her to work and there was 15cm of fresh sown on the ground and 15cm more coming down, but my mood changed when i checked bitcoinchart
Good morning Adam.
Don't know where you are to have some snow. But yeah btc is on the rise, problem is it's on the rise since last week just can't pass the 405 test!
today is a good day to break through
all of canada looks like this right now, everyone is going to stay in for the next few weeks and feel depressed about not buying bitcoin sub 300, finally summer will come around and they will feel better and buy 3000$ BTC
actually my target for spring is more like 750$ wtv buy buy buy!
Well seems you're right, here is the 405 broken!
22.
Post 13917322 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.44h):
Lol!
Well I'm glad I hold everything, I'd just like to find somewhere to trade correctly... Anyone has a site? I don't really like kraken...
Kraken is awesome!
Well what do you find so awesome? No margin trade and leverage is only in EUR/BTC no? Maybe it changed but last time I went on it it was only that :/
23.
Post 13923761 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.44h):
i need to read up on segwit. i've been totally out of touch, bitcoin wise, for ages.
That's one of the biggest problem with btc...
Everything moves all the time. Gotta stay in touch or you're lost!
24.
Post 13924301 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.44h):
Who who who whaou!!!
We just broke the 420 like this like if nothing happened? Oo
25.
Post 13937875 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.44h):
Full blocks but price on the rise so it's not really important
26.
Post 13941517 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.44h):
ooh the price seems to be not rising right now, i guess here comes the real test of the price, lets hope it will be at least stable
One does not simply rise past $420 without returning to it over and over for a few days.
That's right! The price is always a bit unstable, but the 420 ceiling is incredibly strong
27.
Post 13959687 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.45h):
Blocks not full and price near 450! I like it :3
28.
Post 13965689 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.45h):
Ok I just oppened a long. Who's with me?
We should have a thread to see if market is more bearish or bullish.
29.
Post 13992897 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.45h):
Not sure I understand the 10-21 SMA crossing :-/
30.
Post 13993268 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.45h):
Not sure I understand the 10-21 SMA crossing :-/
You have to see them, not understand :-D
Well I see something but I don't understand it! ^^
I don't see the difference between the parts circled and the rest of the chart xD
31.
Post 13993675 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.45h):
billyjoeallen still bearish? Close your shorts already. Don't be greedy. You will not get a better price anytime soon.
420 is not exactly what I would call cheap :-/
32.
Post 13993809 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.45h):
I swear to god that if I can't get profit with my short I stop trading :p
33.
Post 13995183 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.45h):
The price has been falling since this week. Is it time to sell now?
I was waiting for another pump but it seem I will not see any upward trend this week or te next one. I immediately regret not selling at $450
Always sell at 450, the day we break it will be history.
34.
Post 14051061 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.46h):
But, that's irrelevant.
The problem is that genuine transactions aren't getting through.
You can stick various types of stamps on an envelope and depending the accumulated value of the stamps you can ask for first priority, second priority, express, etc.
If, on the other hand, you don't buy stamps that add up to the proper value of even the basic service, your mail will be rejected.
The legitimacy of the intent of the sender is not in question in that case but his level of intelligence is in question - if he expects to conduct his business by not paying what he should.
In bitcoin it's actually better because you have hope that even at 0.4cents or 1 cents, you can get confirmed after a long wait - or you might even get added for free (!).
Now, if people don't know how to set fees, or what fees are appropriate, that may be related to ignoring how BTC is used, or some design failure of the user-interface which is inadequate in warning the user about whether he needs 1c-2c-5c etc and how long it will take for his confirmation. Still, I think with 0.12 you can RBF and bump up your fee and be on your way even if you got it wrong the first time.
What it definitely isn't: a block-size issue.
Because fees add capacity. Got it!
However, my point was that I thought a situation where large numbers of genuine transactions got stuck in the mempool was a situation we wanted to avoid. But as Mike Hearn predicted, users aren't just magically using the correct fee. Almost every fee is 0.0001. Which used to be a very good fee, but today it will get you stuck.
Edit: So basically the situation is like this: the fee market doesn't work because users are insufficiently aware of the issue, and even if it did "work" it seems there are much more than 1MB per block worth of genuine txs at times.
More than that, the fee market can't work.
It can't work because the absolute number of transactions that have to be done is still the same! All those transactions stuck aren't just transactions of a few cents, they can't just be grouped together.
35.
Post 14051080 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.46h):
Because fees add capacity. Got it!
Fees don't add capacity. They introduce antispamming disincentives to make use of existing capacity in a rational way.
Bitcoin is a p2p protocol that can be subject to numerous p2p attacks, including blockchain bloat attacks, mempool bloat etc - provided the fees are low and that there are co-operating miners that accept near-zero-cost txs for inclusion.
Your argument is valid only if you consider that the size is big enough to let the non spamming transactions go through. It seems like it's not really the case from the stats I saw 5 pages ago :/
36.
Post 14058911 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.46h):
Can't wait until small block retards are proved to be irresponsible idiots by empirical data points.
We should make a list of them, so in the future we will never forget who they were and humiliate them forever.
There's no such thing as a small block retard.
People have ideas and inclinations based on information that they have, and there's a lot of misinformation out there regarding what's even going on with the block chain; how much is spam, whether an increase is currently justified and/or wether segregated witness will take care of some if not all of this spamming blockage to the extent blockage exists and if not what would be better additional solutions going forward once segregated witness is in place.
Yeah people have different ideas and most of them are dumb ideas.
That's why it's important to relie on the empirical facts to judge who are right and who are the fucking irresponsible retards. It's darwinian selection. It's a process way more efficient than pointless debating.
So now we are going to see that full block are not good at all and see who were the dangerous retards who thought full blocks were somehow cool.
It's like the bolcheviks. They have ideas and they thought they were right. They talked badly of people who disagree with them. Then the testing of their ideas prove that they were huge retards and that they had their head full shit. Gmaxwell and Adam Back are the Lenin of their time. The sooner the market route around them, the better.
It seems to me you have a very precise idea of your own position at least.
I don't have such brutal and clear opinion on this issue. And from the grasp of complexity I was able to see, it seems impossible for me to have a clear point of view of the situation as we're still lacking data.
Yeah small blocks have problems, but what do you want? Bigger and bigger blocks? You do realize that in order to scale the Visa transactions we would need 800GB blocks... Seems complicated to me...
37.
Post 14059302 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.46h):
I keep being surprised by the incredible amount of energy some people are willing to invest in order to find spammers, scammers... While earning nothing from it Oo
38.
Post 14071159 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.46h):
Hey, I've got a question.
What are those red white or void squares below the percentage of chartbuddy?
39.
Post 14071245 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.46h):
Well it took them 4 years but they got them.
Nonetheless I'd say authorities won here. We all know that darknet isn't safe. That using it doesn't mean being anonymous.
40.
Post 14094048 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.46h):
Polite suggestion to diversify into ...
The currency that cannot be named
Don't bother. They're all out trading eth.
All that is left here is the core fanboys who doesn't understand they just poisoned the well.
I've got to admit there seems to be much less enthousiasm around btc right now...
Seems like something happened. The core fanboys probably did something that will affect btc for long. Just hoping it was the right decision.
41.
Post 14094265 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.46h):
Polite suggestion to diversify into ...
The currency that cannot be named
Don't bother. They're all out trading eth.
All that is left here is the core fanboys who doesn't understand they just poisoned the well.
I've got to admit there seems to be much less enthousiasm around btc right now...
Seems like something happened. The core fanboys probably did something that will affect btc for long. Just hoping it was the right decision.
When old timers are selling up and new money is flocking to other coins like eth and monero you know they haven't got a clue.
How many times does simple economics need explaining to supposedly intelligent programmers? Limiting network transactions now is the same as limiting the number of users in the future. Not a great way to scale the project for the next 5 years. Fools.
Yeah I really don't see the point of this whole debate.
You limit number of txs? It means you limite the number of users!
It can't have any other consequence!
42.
Post 14123572 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.47h):
china's gonna light yer ass up
My sells weren't done, coins in transfer to the exchange plateform...
But I'm maybe going to wait a bit in case you're right
Ah! last time I had problems with txs times it was because of Primedice, couldn't withdraw 2 btc I put here.
It took 7 days. They gave me 5% to apologize. Meanwhile the price was up to 450 whereas I wanted to sell at 300 ^^
Sometimes waiting is good. And with btc it's rather often.
43.
Post 14124257 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.47h):
On top of that, Segwit is not a scaling solution. Neither is the raise to 2MB blocks. Both do temporarily fix the current full blocks issue though.
There is no full block issue. There is spam issue. As soon as spam attack stops everything is perfectly normal. Increasing blocksize does nothing to solve spam issue. You can not solve spam issue by giving spammers more free space to spam!
Hmm... I don't understand you. 1MB blocks allow a really low amount of tx and btc is spreading. Of course there is a block size issue! Simply because the adoption of btc is rising and numbers of allowed tx is the staying the same!
44.
Post 14124407 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.47h):
On top of that, Segwit is not a scaling solution. Neither is the raise to 2MB blocks. Both do temporarily fix the current full blocks issue though.
There is no full block issue. There is spam issue. As soon as spam attack stops everything is perfectly normal. Increasing blocksize does nothing to solve spam issue. You can not solve spam issue by giving spammers more free space to spam!
Hmm... I don't understand you. 1MB blocks allow a really low amount of tx and btc is spreading. Of course there is a block size issue! Simply because the adoption of btc is rising and numbers of allowed tx is the staying the same!
Sorry, I don't respond to people with paid signatures. 99% of them don't understand what they're talking about. What they do care is only how much posts they make.
Thanks for this wonderful argument.
But as it happens, some users have paid sig to earn a few bucks while posting, not posting for the few bucks.
I believe I understand what I'm talking about: currently 1MB size limits the btc network to something around 2000 txs per block.
Now simple calculation please: 2000/10min means 12 000/h means 288 000/day
Now I might be dumb, but it means current network can't handle 300 000 users daily. So now explain me how network can scale?
45.
Post 14124544 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.47h):
On top of that, Segwit is not a scaling solution. Neither is the raise to 2MB blocks. Both do temporarily fix the current full blocks issue though.
There is no full block issue. There is spam issue. As soon as spam attack stops everything is perfectly normal. Increasing blocksize does nothing to solve spam issue. You can not solve spam issue by giving spammers more free space to spam!
Hmm... I don't understand you. 1MB blocks allow a really low amount of tx and btc is spreading. Of course there is a block size issue! Simply because the adoption of btc is rising and numbers of allowed tx is the staying the same!
Sorry, I don't respond to people with paid signatures. 99% of them don't understand what they're talking about. What they do care is only how much posts they make.
Thanks for this wonderful argument.
But as it happens, some users have paid sig to earn a few bucks while posting, not posting for the few bucks.
I believe I understand what I'm talking about: currently 1MB size limits the btc network to something around 2000 txs per block.
Now simple calculation please: 2000/10min means 12 000/h means 288 000/day
Now I might be dumb, but it means current network can't handle 300 000 users daily. So now explain me how network can scale?
See, even a 'dumb' person can see that it cannot scale. For a bitcoin system that wants to cater for 10 million -1 billion customer base increasing blocksize is a largely ignorant approach (a band-aid on a gunshot wound), the most technically sound decision here is to saturate the base layer ASAP to gather data and build out higher layers as necessary based on that information.
Hey who are you calling dumb?
46.
Post 14145597 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.47h):
ETH has no limit on the amount of coins.
Enjoy your "investment".
QED
Well that's not a bad point in itself... But what's sure is that it's really different from BTC.
Am I the only one to understand that it was not meant to be used as a currency though?
47.
Post 14194269 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.48h):
If I could I would delete all signature campaign accounts.
They totally ruined bitcointalk, and they earn like 10 dollar a month? Embarrassing.
Not really. At least not to this point.
Of course you earn nothing from sig campaign, and that's not the goal!
But it's a cool feature of the forum. I bet it didn't destroy bitcointalk but saved it! It makes people like me come back often, cause I feel like I'm not losing my time trying to wake up one or two neurones of Tecshare because I'm paid for it!
I bet without sig campaign, lots of people wouldn't be as regular users as they are.
Without it the new users wouldn't have the conviction to fight this ugly contemptful community! Lots of users are rude and arrogant. The reward aspect of sig campaign makes the people more likely to talk, to explain, to debate
I think it's not a bad thing, not at all. It helps open the forum to new people
48.
Post 15509440 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.55h):
Its designed to go up and up lol but all things will come to an end...... hopefully just not at 600
To tell the truth, I just hope we won't live long enough to see the end of btc.
And end of price rise would mean a btc less and less used. What a horrible prediction ^^
49.
Post 15528689 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.55h):
I expected more movements on markets today. It looks like, now will be few waves and later slowly growing to $1000 in December
I agree, the drop isn't so big compared to what I expected!
But market movements are strong!
50.
Post 15558873 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.55h):
Maybe another BTC rise??
Lol no, let's not be greedy.
Oh & your welcome world for the financial meltdown.......brought to you by the US financial system
U.S. stocks at new record high
U.S. economy adds 287,000 jobs in June
The S&P 500 closed above 2,137, surpassing the previous all-time record set back in May 2015.
http://money.cnn.com/2016/07/11/investing/stocks-record-high-dow-jones-sp-500/Watcha be talking about, Jasper?
Back in 2006-2008 the "recession" hit due to our banks & wall street selling off bad home loans to the rest of the world....ring a bell ??
It is still bringing down countries & will continue.............
Oh & current unemployment...about 12% .!.. Under employment...30% .!.. Yeah,Obumer made a change alright .!..
Unemployment rate is 4.9%, stop getting your info from
stormfront zerohedge.
But you're telling me that these unemployed will stop investing in the market, cash out their massive investment portfolios, and reinvest the resultant $3.76 in bitcoins?
Under employment...30% .!..
http://www.statista.com/statistics/205240/us-underemployment-rate/"Underemployment refers to a job that is insufficient in some important way for a worker" - wikip
Yeah but they're all here saying it's normal to work your ass off for a shitty salary cause... You know... you have to...
TL;DR: You think you deserve a better, cushier job; the market begs to differ.
I've got a question:
How do you check your unemployment rate? As there is no social help for unemployed, they might not all be known no?
51.
Post 15567970 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.55h):
Yesterday a friend of mine was asking me:
So now that the block reward is 12.5 BTC instead 25 BTC your BTC should have grown in terms of value?
I said:
Yes, now I own coins which
value more in terms of production costs.
My friend:
Ok but waht about the value, is it higher?
I replied:
not yet...
price was between $200 and $300 for about a year until last november. price tripled in the last 10 months. some of the rise was maybe due to the anticipation of the halving, since it was known all along.
So you think that this is the 'real' price now, right ? Because the price already double tripled compared 10-11 months ago.
There is no real price of btc.
A real price would mean the number of user is stable enough so their is not more demand than supply. It is not the case.
52.
Post 15792816 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_14.56h):
I don't really understand the reason of the down...
That's what bothers me the most, the unstability of the market and the lack of reasons for the change, or at least the lack of visible changes.
53.
Post 17414002 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_15.01h):
right a quick look at the recent blocks suggest that your 400byte TX should have been ~50cents fee for it to confrim on the next block.
fees are really high these days...
Well I just hope it will be a bit more calm as soon as this whole price pump/dump will slow down...
I wasn't active for some time and I come back seeing btc flirting with the 1000$ and that's fucking cool!
But I can't even profit from that because of the stuck transactions... And me who believed a few months ago that the LN would be implemented fast ><
It might be only my point of view but putting higher fees isn't a solution here. Because high fees are meant to limit parasite transaction but considering the situation they're not exactly useless tx it's just that everyone want to do something with their btc because of the volatility. So if you try to put higher fees there might be no end to it!
54.
Post 17439225 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_15.01h):
I want to open a long so bad. I feel like a rocketship green candle is about to form soon but im afraid.
Ahahah yeah I feel you xD
I'd say it's not the right moment to open a long. We're at a peak right now so it's not the right moment to open a long, especially when you see the volatility of the price!
Wait for a small dump. There will be one, we're not going to go from 840 to 1000 in a straight line! We gonna drop in a little time before going in back.
55.
Post 17476107 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_15.02h):
is crypto done??
I would love to see everyone believing so.
Everytime the whole population starts screaming that it's the end of btc, it's a long and painful moment with the price going down and down, but it also means you can buy coins cheap as fuck for when the price goes up again, and until now it has always happened.
The most funny thing is how some people are completely panicked while not even a month ago the price was yet 200$ lower.
If we break the 500$ I'll start worrying a bit. Until then it's just noise.
56.
Post 17481460 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_15.02h):
OKCoin is the most bullish on this pump, so I'll watch them.
Pump failed... Hmm, will this lead to another leg down? Or at least test support?
I'd say neither.
Might be wrong but I guess it's stabilization.
Price can't keep going up and down, up and down, up and down.
It gonna stay a bit stable at least for some times! And it might be 750$ stable now.
57.
Post 17486324 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_15.02h):
Oh no we are crashing upwards again..
900? ATH? new ATH ?
No I don't hope so.
If it goes too high it will have to pull downwards after...
I hope it goes for a small up trend. 800 for today then a slow rise to 850 or 900.
Damn I would be perfectly happy with a 850. Even just a 800 but stable would be cool IMHO
58.
Post 17634027 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_15.02h):
It is the first time in two years that I really have no idea what to do.
The price should go down the next 1-2 months. Looking the 1w chart, or the order books, the result is the same: down. But it seems that the game is changing a lot with the new chinese exchange "self regulations".
And there is still a lot of buying pressure I don't know why. Maybe the halving effekt, or a lot of new bitcoiners, or that margin trading (=shorting bitcoin) largely has been killed.
So, I'm 90% long, but I want to short. But I don't want to lose my precious bitcoins, cuz I think, that maybe it'll go up! AAAAA
Then don't do anything ^^
At the end of the day trading is a lot like gambling.
The only difference is that if you're good odds are in your favor.
But if you got no clue about what's going to happen, best is still to not play.
59.
Post 17871906 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_15.03h):
this week has been terrible, all the sideways movements makes bitcoin price a headache.
That's a new one. I thought it was all the ups and down that made price a headache
Yeah me I like nothing more than a calm and steady sideways BTC price!
Except the moon launching of course
60.
Post 18751822 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_15.08h):
My thoughts too but better expressed. I can't get excited about this price increase, I'm just waiting for the plop.
+1
I'm out now except for the first wallet of coins I mined waaaay back when it was still feasible to do so with graphics cards...
The shit is on-route to the fan IMO. Everyone can see it in mid air, everyone can see its trajectory. It might slide through without hitting the blades. It might get splattered all over the walls, floors and ceiling. Either way, it's interesting to watch.
Agreed. I've been out for a while too now...
This shit is just too confusing. How the hell is anyone supposed to see where it's going?
Sure long term is much easier. I just buy some coins from time to time and I'll sell them when I will need it.
What I know for sure is that btc is useful when you want to store value but I don't see how you can be sure to make short term profits xD
61.
Post 18834784 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_15.08h):
I kinda wanna stay up for the Bitfinex short ass-pounding, but it's time for bed. $1800 by morning?
Lol, maybe not so much xD
But I gotta admit it's a bit of a dream right now...
62.
Post 18870295 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_15.09h):
wtf is happeniiiiiing??
I really haven't seen this wave coming!!
Not that I'm against it of course but it's a bit frightening ^^
HOLD
63.
Post 49379827 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_16.27h):
If the bank flys you to a foreign country, takes away your passport, locks you in a compound and makes you carry out sex acts for pennies a day until you pay off the loan, yes. Otherwise probably not.
Just answer the bloody question. It's amazing that lefties always do the same thing. Lots of words that say very little, and in as confusing and distracting a way as possible. Yes or no?
If X yes otherwise no.
How is that not a correct answer?
Don't bring left ideologies in that debate. Bank is shit that's all what left has to say about that.
64.
Post 49382169 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_16.27h):
That's something that is needed to be repeated again and again...
BTC has 10 years. That's the very begining of the technology, most people don't even know what BTC is exactly.
And the most beautiful thing
The thing that proves how stupid are people selling right now...
It's that 85% of BTC has been produced.
You're on the very early stage of a technology and most of the ever available products are on the market at under 4k$?
What do you think will happen after? xD
That's what you call a moon.
65.
Post 49383809 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_16.27h):
I'm surprised they still have people come out and say bitcoin is going to $0. Like it's 2014 again.
Probably some people who opened short and are regretting it right now.
Because the dump has ended...
So now they just pray.
And spare the FUD of course.
66.
Post 49385488 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_16.27h):
Can I have the bull hat at avatar sized? Seems to me like bull era is nearby.
The more FUD is produced, the less useful it is.
Prices are stable while everyone is crying BTC will go to 0...
That's the sign rise is close.
67.
Post 49396382 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_16.27h):
I think it's safe to assume that some banks do keep scans. It's been ages since I opened an account, but I'm pretty sure they made photocopies of my ID.
All banks do that.
Have oppened accounts 3 weeks ago and you better believe they kept everything...
IDs, invoices, proofs of housing...
68.
Post 49396976 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_16.27h):
Anyway it's too much to keep a stable 4$ price xD
I don't know who the hell buys at such price...
You KNOW the inflation is completely crazy on the first year... The first 2 years in fact.
What happens in your brain to buy at such time?
If you really like the tech maybe mine it, but don't buy it xD
69.
Post 49397248 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_16.27h):
The question is in which direction do we head from here? How long this bearish sentiment will carry on?
Wrong question.
If we go up: well it's a good thing your assets have more value.
If we go down: well it's a good thing, your accumulation phase can be a bit longer and you'll accumulate more assets.
That's the good thing with BTC. No matter the direction, it's good news.
70.
Post 49397712 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_16.27h):
Well I'd quite like that.
It means we still have a few months of price dumping. So I got a few months to buy more coins. And at an even lower price. I'm all for it.
This seems a bit too reasonnable though.
EVERYONE is expecting the halving to have a huge impact... I wonder if that will be the case considering if anyone takes something for granted, it means the opposite might happen on a market.
71.
Post 49397872 (copy this link) (by yugo23) (scraped on 2020-04-04_Sat_16.27h):
2% of actual increase on top of the 10K, what country, planet are you from..... we have to pay for having a bank account, and probably the time will come we have to pay, to may save money on a/that bank account
Banks are shit but still 2% is rather common.
I got 3% and it's not under heavy conditions and it's rather risk-free. But if you consider inflation it's only a 1/1.5% net gain.
So BTC wins anyway.
