Gold collapsing. Bitcoin UP.

[majamalu]

Indeed. There are other decentralizing effects, too - one example: Someone in a country with Internet access but a failing currency and strong capital controls might fire up a smallish miner to convert failing fiat -> gas -> electricity -> Bitcoins.

Someone like me

 

[cypherdoc]

I've mentioned this before but who has even seen Wladimir's face?

What a poor choice for core dev for such a high profile currency. One has to be a leader.I think many of these guys underestimate the level of involvement worldwide at all levels and they still think this is a niche currency which they can play with and manipulate.

 

[Inca]

What is illuminating about the whole blocksize drama is how infantile the Core devs appear online. Like squabbling children - certainly not the characters we need to be steering software development of a multi billion dollar currency.

Bring back Gavin

 

[solex]

Looks like another spam attack (coinwallet?) this time with large size tx and fees about 0.0008 or about 18 cents each. https://tradeblock.com/bitcoin/
Make your guesses about what proportion of the Bitcoin user-base will enjoy paying 20 cents to get their tx confirmed in any reasonable time.

 

[cypherdoc]

oh wonderful

 

[cypherdoc]

is this th

Looks like another spam attack (coinwallet?) this time with large size tx and fees about 0.0008 or about 18 cents each. https://tradeblock.com/bitcoin/
Make your guesses about what proportion of the Bitcoin user-base will enjoy paying 20 cents to get their tx confirmed in any reasonable time.

now just imagine a much bigger limit or no limit in the upcoming congested mempool situation. the network clearly can handle a bigger block size. if only the miners could harvest and clear all that juicy spam. they could make good bank doing so and force losses on the spammer but they can't b/c of the stupid 1MB limit.

 

[cypherdoc]

those are big tx's: 1800 B

 

[cypherdoc]

oh, this is gonna be good:

 

[cypherdoc]

Jim Cramer continuing to bloviate to this day. the manipulation continues rampant:

The New York Stock Exchange invoked the little-used Rule 48 to pre-empt panic trading at the stock market open on Tuesday after implementing it three times in a row last week.

The goal of Rule 48 is to ensure orderly trading amid financial market turbulence. It's only used in the event that extremely high market volatility is likely to have a floor-wide impact on the ability of designated market makers (DMMs) to disseminate price indications before the bell.



Unlike a circuit breaker that stops stock trading, Rule 48 speeds up the opening by suspending the requirement that stock prices be announced at the market open. Those prices have to be approved by stock market floor managers before trading actually begins. Without that approval, stock trading can begin sooner.

http://www.cnbc.com/2015/08/24/rule-48-the-arcane-nyse-rule-to-tame-a-wild-market.html

 

[cypherdoc]

you gotta wonder about this guy:

 

[cypherdoc]

 

[cypherdoc]

look how easy it is for a spam attack to plug up the network when you have a 1MB cap that is easily targeted and hit at such low expense exacerbated by an inability to force losses on the spammer. and all the full nodes have to validate all those mempool unconf tx's that will never clear and just run off after 24-48 h. what a waste. the solution is to lift the cap and let them clear:

 

[Melbustus]

you gotta wonder about this guy:

Yeah - that account (@NickSzabo4) has seemed very different to me since this whole blocksize debate flared up. Note also that the change in behavior followed a months-long period of inactivity from that account, if memory serves. @NickSzabo4 also unfollowed a bunch of people, and is now blocking people and deleting tweets to obscure some conversations. That behavior, and even just the content and style of the tweets, does not seem consistent with that account's behavior from last year.

 

[cypherdoc]

200 DMA turning back up ever so slightly:

 

[cypherdoc]

really impressive array of products from Ledger Wallet:

https://www.ledgerwallet.com/products

 

[cypherdoc]

like i said, markets bottom on bad news...

 

[cypherdoc]

how low can it go?:

 

[cypherdoc]

China Scrambles To Enforce Capital Controls (Which Is Great News For Bitcoin)

http://www.zerohedge.com/news/2015-09-02/china-scrambles-enforce-capital-controls-capital-flight-threatens-economy-which-grea

 

[solex]

I'm amazed at how Bitcoin is handling yet another major spam attack. It seems that the large size of the spam tx means that smaller low fee tx are still being selected by miners. Not seeing complaints about stuck tx.

 

[solex]

Peter R is censored on the scaling workshop academic papers list while the vaporware tree-chains get another airing.

https://scalingbitcoin.org/montreal2015/#papers