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1121  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2018, 08:54:00 PM
silver is not going to save you.

I am not sure he really needs saving.
1122  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2018, 12:12:10 PM
Why do so many here fail to see the significance of this chart?
 Huh




The chart of the historic downturn in prices is significant and 'many' here have indeed been through every day of it.

Many, however, will not agree with why the near-exponential rise of Bitcoin in 2017 ended and reversed.   Perhaps because correlation is not always evidence of causation.
1123  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2018, 11:44:58 AM
The argument for taint and title is strong
http://www.cl.cam.ac.uk/~rja14/Papers/making-bitcoin-legal.pdf
The authors don't detail much experimental evidence about their new taint model (basically FIFO accounting for taint), but they do offer a couple of numbers which, if supported by more testing, would be quite impressive. At any rate, there's ample food for thought.

If the legislative landscape they hint at really comes into being, I don't know where I'd stand on the line between "hard" and "soft" approaches. Bitcoin enthusiasts? Investors? Law enforcement? All of these positions would entail both "good" and "bad" practical consequences from my self-interested point of view.

Nice piece of work. Computer scientists discussing legal implications with a practical, technically sound background. A rarity.

Tasty find merited.



And where do you short, if you don't mind - if you don't want to say, it's fine. 

I am wondering about trying the same.  I'm pretty much all in, so cannot easily buy any more drops.  Insurance might keep me amused (or at least feeling less 'passive').  I just wondered, Finex or..?
1124  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2018, 11:14:39 AM
The only way is down now
no chance we are reaching 8k for a very long time.

The way I see it, in this particular moment it's very hard to name a "no chance" event.

Merited. Wise words.  While catching up on this thread gradually you see how unwise and price prediction in any direction is, on any near/medium term time frame.

TA / price analysis is fun to see, but so much of it is as accurate as a stopped clock, as all we can do is to try to set up for whatever happens.  I was watching your 'short insurance' strategy, seemed to make sense - may I ask how it has panned out?  Or is it just too much work to keep on top of it?
1125  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2018, 10:35:25 AM
Went away for a week, then it's taken me three weeks to catch up on the posts here.   A long way from the days when there were sometimes three Chartbuddy posts in a row...

It's impossible to stay away, though.   Even if it seems more of a home of conspiracy observation more than wall observation at times.  I do try to remember I need to be remain open to alternative views, but sometimes....

Back on topic:  That dump. Ouch.
1126  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2018, 10:23:53 AM
Hey micgoossens

12288 dollar price.....  26/10/18 please?

Taking a late one, hoping for much earlier.

kurious
1127  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2018, 09:50:46 AM
yuh made a lot mining the new V7  Embarrassed
the horse part came from this dick measuring contest http://btcbase.org/log/2014-04-28#647866

So now I know how FluffyPony got his nick... if not whether he was actually... fluffed in the process. Ta.
1128  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2018, 09:19:36 AM
http://www.latimes.com/local/lanow/la-me-homeless-asians-20180401-story.html

Oh where do I begin with the irony and hypocrisy on display...

"Down with the poor and homeless! Run them out of the city!" shout the immigrants who once heard similar cries.   Roll Eyes

Well spotted. Respect.
1129  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 16, 2018, 12:36:25 AM
Brilliant.
Thanks for all the replies (and friendly PMs too...what a lovely bunch you are!).

So, does this airdrop thing mean I'm suddenly going to have a huge pile of coins appear from nowhere (ala BCH)...I imagine not since this would have pushed demand and the price wouldn't be going south.

Anyway, I'll keep HODLing and try not to get too depressed looking at teh charts.

Hey nano... good to see you back, and yep - keep the faith.  Hope it's not been too chilly up there for you?

Ok - with fears of a crypto winter possibly in force, alts are taking a beating all round, but a shakeout only means the cream will rise.

The airdrop was (temporarily?) pulled - got too much (justified) flak for looking decidedly iffy.  Sure, airdrop junkies probably did push things up and then drag it down, but XMR's fundamentals are as good as ever.  Keep calm and wait - Monero isn't going anywhere but up. 

It's a real coin, no ICO, no dev premine, real community, real use cases and as always... vastly superior tech.  Dash fared far worse, as you will probably have noted - Monero even pipped their market cap a week ago and I am sure will soon do so permanently.

And best of all - the real deal?  True privacy matters - it's precious.  You know it. So IMHO... hodl and be patient.  No one who has been around here for a while is remotely worried, nor should you be. 
1130  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 16, 2018, 12:33:37 AM
A nice picture from the net:



If that's for real... Then the 2 ledgers I bought waiting for this moment can see some use soon...

Delicious!
1131  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 11, 2018, 11:31:38 PM
Im probably leaving the market within a week in my final distribution. AMA

I am late on the best wishes, but I hope it all works out well if you are indeed off on a new path.

You'll be missed if you won't be dropping by. 
1132  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 09, 2018, 12:25:34 PM
I'm going to X-post this over here too from the main thread because I think hope it is important.

Holy crap you guys. Eurika! I figured it out! Not just a stop gap measure to address the fork ring sig reuse problem. The actual solution! I was just laying in bed trying to fall asleep and it hit me like a tire iron to the face.

It is possable to deterministically derive ring sig partners but in a way that would be functionally random to any outside observer. I'll give an example of one way of doing it. Take

Code:
sha256([your private key] [transaction hash of most recent input]) mod [number of prospective ring signature partners]

Then make all of the prospective ring signature partners into an ordered numbered set and use the resulting modulous from the pseudo code above to select one. Continue wrapping around the clock face as many times as needed to arrive at the number of ring signature partners desired.

There would be 0 information leak from the outside, the ring signature partners would be functionally random to any outside observer BUT, and here is the beautiful thing, the same ring signature partners would end up being selected on both the main chain AND the fork chain!

Of course what I outlined above almost certainly isn't the best way to achieve this. It was just to outline the concept.


Merits! I deserve all of the merits. Bequeath unto me thine merits! (well, after peer review, and not just if my specific idea is right but if I'm barking up close enough to the right tree to inspire someone smarter than me)

You will get some from me if it passes review - if so well done!  In fact, well done anyway - I couldn't hope to even approach the issue.
1133  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 08, 2018, 09:49:05 AM
I'm impressed how the market absorbed all those Goxx coins, especially at the 6k-7k range.

Bullish AF!

Yeah, but I believe that GOX started with 200k BTC, and over the past 3 months, they sold about 35k BTC.. which is hardly a blip in BTC's trading volume...  I think that there is fear about what they are going to do with the other 165k BTC, right?  Which I doubt that they are going to announce before they do anything, such as sell, right?

At this point the MtGox trustee has almost sold enough coins to cover the entire set of claims in JPY which were made back in 2014.

I believe this is what he needs to do to cover his companies ass, once he has funds to cover all claims he doesn't need to sell any more.

In fact there's a whole load of creditors who specifically don't want him to sell any more as we want the funds back in Bitcoin when the eventual payout comes.

On the claim form the receiver specifically asked if you wanted to be paid back in USD, or Bitcoin.   When I heard it was all going to be done in USD I stopped following things.

Is it now at all realistic that the BTC will be paid back in actual BTC?  Even if it's a percentage of the BTC after costs, it would be far more significant than simply the full USD value of BTC in USD based upon the BTC value in fiat back then.

Any references appreciated, as I did specifically ask for repayment in BTC at the time I was asked. 
1134  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 07, 2018, 08:54:27 AM
Go Tim Draper, go.
"We haven't even found the tip of the ice berg", "This is the most exited I have ever been as an investor, and I was right there at the beginning of the Internet"

https://twitter.com/CNBCFastMoney/status/971151947880419331

Yet we can't even break 12k and I don't see this changing anytime soon.

When traders are taking their profits each time we reach 12k how should we ever exceed 12k?

Your definition of 'soon' is obviously not the same as Time Draper's.  Or mine.   Look back a year, or 18 months?

One of my family said recently 'we are hoping to have a baby soon'.  I don't think she meant 'by next week'
1135  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 07, 2018, 12:43:46 AM
That is more than accent.  The majority of my media consumption is UK produced (big Time Team fan, recently been binging Keith Appleton). 

Yes, thank goodness it was not a documentary about wipple.

Yup.... a speech impediment is exactly what it is.  A certain level of eccentricity is tolerated in the uk (if laughed at) as long as it comes coupled with intellect.

That said, personally I do adore the BBC, on the whole.
1136  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 07, 2018, 12:36:51 AM
In the second century BCE, Liu An, king of Huainan, asked the scholars of his court to prepare a book that would outline everything a wise monarch should know about statecraft, philosophy, and general world knowledge

Sorry for the long post - but not easily linked online.   Some highlights might be worth posting, though:


'If a ruler rejects those who work for the public good, and employs people according to friendship and factions, then those of bizarre talent and frivolous ability will be promoted out of turn, while conscientious officials will be hindered and will not advance. In this way, the customs of the people will fall into disorder throughout the state, and accomplished officials will struggle.'

'If the ruler ignores what he should preserve and struggles with his ministers and subordinates about the conduct of affairs, then those with official posts will be preoccupied with holding on to their positions, and those charged with official duties will avoid dismissal by following the whims of the ruler. This will cause capable ministers to conceal their wisdom.'

'If the ruler is frequently exhausted by attending to lesser duties, proper conduct will deteriorate throughout the state. His knowledge by itself will be insufficient to govern, and he will lack what it takes to deal with the world.'

'When those who hold the reins of government pander to their superiors and commit errors, there will be no way to hold them accountable. When those who commit crimes are not punished, the numerous officials will lapse into turmoil and disorder, and wisdom will not be able to resolve the situation. Baseless slander and unwarranted praise will spout forth, and enlightenment will not be able to clarify the situation.'

'When the people do not even have hollowed-out caves or wattle huts in which to shelter themselves, an enlightened ruler does not enjoy high terraces and multistoried pavilions, linked chambers, and lavish rooms.'

'The ruler should consider difficulties before they arise, prepare for calamities before they occur, guard against transgressions, be careful about small matters, and not give rein to desires. He should be straight and unswerving, pure and uncorrupted, competent in both civil and military matters. He should adhere to proper deportment. In promoting and demoting, he should do what is appropriate. He should dwell in quietude and stay centered.'

'A ruler’s words should not be spoken heedlessly; his actions should not be carried out heedlessly. He should select what is good, and only then pursue a course of action.'

'What is prohibited to the people must not be practiced by the ruler himself. If a ruler uses depravity to manipulate society, he will certainly fail.'

'What preserves a state is humaneness and rightness. If a state lacks rightness, even if it is large, it will certainly perish.

In an era of decline, those above love to seize power and know no limits. Officials decrease rewards and increase punishments. The people struggle angrily, and affairs exhaust their energy without achieving anything.'

'When those above are troubled and vexed, those below are unsettled.'

'The ruler, in regard to law, is unbiased in his likes and dislikes. He does not try to embellish what is ugly or make good what is false.

If one’s ability is appropriate to the task, accomplishing it will not be difficult. When those whom the ruler employs are appropriate, the country will be orderly.'

'When the ruler is sincere and upright, honest officials will carry out their duties, and wicked men will go into hiding. When the ruler is not upright, evil men will achieve their goal, and loyal ones will hide themselves.'

'In a well-governed country, those who discuss policy must be in accordance with the law; those who carry out official matters must be regulated. Superiors evaluate actual performance; officials carry out their work efficiently. Words are not permitted to exceed reality. Actions are not permitted to overstep the law.'

'In a disordered country, those who are praised by the multitudes are richly rewarded though devoid of accomplishments. Those who stick to their duties are punished, though free of guilt. The ruler is in the dark and does not understand. Worthies do not offer proposals.'

'Officials form factions; persuasive talkers roam about; people embellish their actions. Those who are taken to be wise devote themselves to artifice and deceit; high officials usurp authority. Cliques and factions become widespread. The ruler is eager to carry out projects that are of no use, while the people look haggard and worn.'

'The ruler uses the wisdom of the world to make plans. His personal pleasure does not determine the granting of rewards. His personal anger does not determine the meting out of punishments. Thus his awesome dignity will be established, and his laws and commands will be clear and precise and not be considered harsh.'

'A country that can be said to be lost is not one without a ruler but one without laws.'
1137  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 07, 2018, 12:30:03 AM
Oh snap, Gary Cohn resigns from the Trump admin. The market is not going to like that.

http://www.foxnews.com/politics/2018/03/06/gary-cohn-white-house-chief-economic-adviser-to-resign.html

Is there anyone left?
1138  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 07, 2018, 12:23:22 AM
BBC Radio 4 investigation being broadcast now, into Mt Gox / BTCE and the 'biggest Bitcoin theft ever'.

Fun if you can get it where you are (not sure if it's easy outside the UK).  But some interesting interviews including Karpeles.

https://www.bbc.co.uk/programmes/b09tdyjz

How on earth does a person with a speech impediment get a job in radio?

Is this some demented form of affirmative action?

Nope - it's just that in England people who can't pwonounce their pwominent 'r's are twaditionally forgiven as they are often from the somewhat inbwed 'upper class'

Remember "'Welease Wodewick'?

Edit:  At least it wasn"t a documentary about Ripple. 
1139  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 06, 2018, 08:34:01 PM
BBC Radio 4 investigation being broadcast now, into Mt Gox / BTCE and the 'biggest Bitcoin theft ever'.

Fun if you can get it where you are (not sure if it's easy outside the UK).  But some interesting interviews including Karpeles.

https://www.bbc.co.uk/programmes/b09tdyjz
1140  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 02, 2018, 12:10:33 AM

Breaking 24777$ prediction game      FINAL LIST       

01/03/2018 bones261 Sad


And I thought I was being overly conservative.  Roll Eyes

02/04/2018

I am a month behind you and I thought I was too optimistic... I still do.
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