Gold collapsing. Bitcoin UP.

[VeritasSapere]

@Norway Those videos are really going to help people understand bitcoin better. Like it was not already confusing enough for new people right. That was hilarious laughed my ass off, good stuff.

 

[Matthew Light]

The fork is dead, the miners have stabbed it in the back, XT all over again.

Every word that Mike Hearn wrote in January is true and coming to pass again with the piteous kissing of the ring by the miners in the Bitcoin Round Table letter.

Those interested in a peer-to-peer electronic cash system instead of a slow, expensive settlement network, time to look elsewhere and move on...

 

[bluemoon]

There is a lot of FUD about. Many BTC hodlers are selling all or part of their hodlings for alts.

Will there be a fork? I guess so: it is clear the miners want a fork to 2MB and hope Core will offer it to them. So there is delay while the penny drops.

Meanwhile despite all the exchanging of BTC for alts the BTC price holds steady, which suggests the alt sellers are BTC hodlers.

 

[yrral86]

Why not make the hard fork a clean fork? At the activation block, add a version field to the transaction format. Those who want the new fork will have upgraded and can reject the old format. In this way, we cleanly separate the two sets of coins and ensure the market can play its role in consolidating the masses on the best chain for their usage. Everyone will easily be able to spend or sell their coins on both chains. Add in futures markets and by the time it happens the price transition should be smooth.

 

[kyuupichan]

Is block 398364 our first classic block?

https://blockchain.info/block/000000000000000006e35d6675fb0fec767a5f3b346261a5160f6e2a8d258070

It has a high version number I don't recognise. I can't find any clarity on what Classic's version numbers are.

 

[awemany]

In Greg's position, I would have shut up a long while ago:

 

[albin]

This is a totally unsubstantiated preliminary hunch, inspired tangentially by something that /u/ydtm said on /r/btc. I haven't had a chance yet to dig into the research as far as lining up dates, but is it possible that relaxing the soft limit has historically been predictive of price rallying?

 

[VeritasSapere]

The fork is dead, the miners have stabbed it in the back, XT all over again.

Every word that Mike Hearn wrote in January is true and coming to pass again with the piteous kissing of the ring by the miners in the Bitcoin Round Table letter.

Those interested in a peer-to-peer electronic cash system instead of a slow, expensive settlement network, time to look elsewhere and move on...

I think you might have to much of a negative outlook. There is progress, Core has never had such a low node count. And the miners are demanding a two megabyte blocksize, they have even explicitly stated that their patience with Core will run out in three weeks. We have never come this close certainly not during the XT days, it is fortunate that the transaction volume has not reached its limit yet, since if that did happen it would cause much more damage, unfortunately I suspect that this existential crisis might have already thwarted the growth of Bitcoin. However there are still many reasons for us to still have much hope for Bitcoin, I think our theories are correct and the truth will reign supreme, it is just a matter of time.

 

[awemany]

jstolfi in discussion with Adam on the lawsuit idiocy:

 

[Aquent]

I'm far too busy, but an analysis between tx volume and price relationship, especially since full blocks around autum/winter, together with a report of the results would probably be very worthy data to have in this debate.

 

[cypherdoc]

Back over 400.

Despite all its ugliness, Bitcoin is Beautiful.

 

[cypherdoc]

sometimes everything just seems to come together:

 

[yrral86]

So with a swing high on the Dow and transports outpacing DJIA for the past week, are we looking at a short-medium term bottom in stocks?

 

[cypherdoc]

[doublepost=1455469102,1455468388][/doublepost][doublepost=1455469418][/doublepost]lol, remember when i said Bitcoin needs losers like Halsey Minor? well, the dude keeps losing it appears:

https://www.reddit.com/r/Bitcoin/comments/45p92a/strong_indications_that_uphold_formerly/

 

[Inca]

Interesting reading from Meni Rosenfeld about how we will bridge the gap between a transaction ceiling enforced by a maximum blocksize and falling miner revenue as the block reward slips away.


Not an approach I think will do anything other than make bitcoin extremely unpopular. He seems like a reasonable chap nonetheless. But none of these Core supporters have even thought ahead far enough to hypothesise how transaction fees will keep the network running. Whether that is because they are chasing short term VC money and deliberately fail to see the bigger picture I am not sure.

 

[cypherdoc]

@Inca

Meni doesn't even begin to think about the value of the network as it relates to Hodlers.

besides that, 0.1% would be a central planning effort all over again. as we discussed many times before, ultimately, the BU strategy is what we should move towards with miners negotiating with users the minimum fees required.
[doublepost=1455470622][/doublepost]

So with a swing high on the Dow and transports outpacing DJIA for the past week, are we looking at a short-medium term bottom in stocks?

question doesn't make sense.

are you the yrral that i've met and subbed to my newsletter years ago?

 

[yrral86]

I am... What part doesn't make sense? DTJ was much stronger than DJIA all last week. It's the root of dow theory that transports lead?

 

[cypherdoc]

You said swing high. You meant swing low.

But you got the general gist.

 

[cypherdoc]

I am... What part doesn't make sense? DTJ was much stronger than DJIA all last week. It's the root of dow theory that transports lead?

they tend to move together; not that the $DJT always leads.
[doublepost=1455475570][/doublepost]great bet. i'm with Brian:

 

[Justus Ranvier]

It will work out just fine for Bitcoin.

It will NOT work out just fine for all Bitcoin competitors.