Wall Observer

[ChartBuddy]

Coin

 

[Fatman3002]

@billyjoeallen If you take the price of BTC into account, it's not that bad. 13k shorts and $28 mill long at $415 is a bit different from at $280. Not to mention, we're probably in a bull market. But it doesn't leave us a lot of fuel for a bull run.

 

[ChartBuddy]

Coin

 

[AdrianX]

I was focused on all the pros of segwit and was unaware of the cons.

I have always thought 2MB first was a better idea, but was willing to give core enough credit to make reasonable choices, i figured core had carefully weighed the consequences of segwit, the way i saw it segwit +2MB or 2MB + segwit, wasn't worth fighting over.

It is becoming clear that core will use whatever means are at their disposal to "trick" the community to agree with them, they call segwit a softfork, its not, they will release segwit as a minor update (0.12.x) RIDICULOUS!!!! and thats just the tip of the iceberg, the more in depth you take the conversation, the clearer there methods/intentions become, and it's not pretty...

They thought this through, and they did anticipate some objections, there mistake was thinking there trickery and half truths could fool everyone indefinitely.

Segwit is not only dangerous because the code is complex and can lead to bugs and unforeseen consequences, it's ultimately detrimental to the scaling of bitcoin, they understand the consequences of segwit (future scaling will be harder) but they dont care about that because it will benefit there plans to profit from bitcoins difficulty scaling. they figured no one would notice, and they could pass it off as an unforeseen consequence. ( OPS segwit did alot of good but it also hurt scaling, OH WELL to late now can't go back, i guess everyone will have to use LN sooner than later. muahahahhaa genius ! )

when i first read Coinbases open letter stating the core devs were high IQ but immature i didnt understand exactly what they meant , i'm starting to realize they meant "evil geniuses", as with most evil masterminds they underestimate the IQ of their enemies. the core will be exposed for what they truly are sooner or later, no amount of deleting post or banning poeple will stop this from coming out. and then suddenly nothing they say will carry any weight, segwit will be postponed and core dismantled.

TL;DR;

Core are evil geniuses, who underestimate the community.
Segwit is clearly not a scaling solution, but rather a hostile takeover designed to force poeple to use payment channels.
Core thinks they can explain away segwit's problems, and the community will be dumb enough to agree the pros of segwit outweigh the cons.
Core must die.

short term bearishness as this plays out, and confuses poeple.

OMG @adamstgbit has taken the big Red Pill.

 

[adamstgbit]

omg omg omg i changed my mind i want the blue pill i want the blue pill!!!!!!!!!!!

 

[Dotto]

 

[ChartBuddy]

Coin

 

[yrral86]

Time to break 420?

 

[ChartBuddy]

Coin

 

[Cconvert2G36]

If you've missed the last 5 shots at selling >$440, this near $420 is looking tempting on anemic volume. Frustrating that this could be a perfect bull formation if we didn't have a conflicted tortoise dev squad.

 

[ChartBuddy]

Coin

 

[ChartBuddy]

Coin

 

[Dotto]

ETH bubble popping. -47% in 3 days

 

[Tomothy]

^^
Re: Above

Seems to be nearly the exact same play of the LTC pump and dump a few months ago. (Obviously it hasn't dropped nearly as far yet but still; seems to be playing out similar.) I just figured we'd have more than a ~$3.5 rise in btc is all.

Re: Counterparty Turing Complete, Anyone have any thoughts about the counterparty press release today? I wanted to understand if it required any additional functionality from BTC to work; but from my nascent understanding and reading of it... it does not. So, we can have btc + ethereum smart contracts, without LN? I dunno, but imho, this seems like huge news. I must be missing something. It also doesn't appear that there's been much movement in terms of counterparty credits yet as a result of the news.
[doublepost=1458226094][/doublepost]***EDIT- Sorry. Nevermind. Misread the alt charts. Counterparty is up 115%. LOL. Maybe that's why not as much of a btc increase until that shakes out. Stupid P&D's. I want my BTC moon!

 

[adamstgbit]

the ETH bubble will completely deflate at least in BTC terms

not only is the $$$ value of eth in a massive bubble that will surely correct back down to at least 5$ but BTC value will rise, so for BTC/ETH it going to be horrific!

 

[ChartBuddy]

Coin

 

[adamstgbit]

Sure looks like a spike UP! is moments away.

 

[Fatman3002]

@adamstgbit What you thinking? $600? $800?

 

[JimboToronto]

Good morning Bitcoinland.

Still knocking on $420's door I see. Let's get this thing moving.

 

[adamstgbit]

@adamstgbit What you thinking? $600? $800?

ya i think +600$ by end of april. a nice ramp up with a parabolic finish topping out in the 700's

next 48 hours spike up to like 430 stay above 420
flat for 72 hours
repeat.
[doublepost=1458232570][/doublepost]is the market crazy enough to consider the core devs are not trying to scale the main chain, they are trying to put in place what is nessary for second layer.

dose market even care if we scale with a second layer or if we scale main chain?

the segwit Vs 2MB , second layer Vs main chain scaling, is quite possibly mostly irrelevant to price...
[doublepost=1458232711][/doublepost]from a speculator point of view, the way in which we move forward on scaling is not relevant.
agreed?

at least in the mid term its not relevant.

the unforeseen consequences of either solution can't be priced in... all we can price is the fact that one way or another progress will be made.