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2361  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 18, 2014, 03:27:33 PM
So, who hasn't sold yet? Red dildos everywhere!!! Grin
2362  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 17, 2014, 09:47:44 PM


https://blockchain.info/charts/n-transactions-excluding-popular
2363  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency (mandatory upgrade) on: September 17, 2014, 07:23:52 PM
who is on damage control  Undecided

What damage? Should we react every time someone claims something? At this stage, given that there are no technical details, we can only assume that it may be true or it may be false. And, thus, do nothing until something tips the evidence either way.

FUD is the most used drug within the cryptocoin world. This is not new; no evidence? Does not exist.
2364  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 17, 2014, 12:54:31 PM
just a quick thought:

it could also be possible that the manipulator is a large mining company that wants to push the price as far down as possible so that other miners get out of business and they get a bigger cut out of the cake

+1

Maybe it is so; at least it makes sense. The fattest wallet wins (as always), but wouldn't that be "the next paradigm" for the next big fat wallet/mining company?
2365  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 16, 2014, 06:14:17 PM
No one can predict for sure when the next rally comes (or crash for that matter). What I found interesting to read though was this article from coindesk:
http://www.coindesk.com/bitcoin-mining-can-longer-ignore-moores-law/
Copy pasting the interesting part for you:

Quote
The problem for bitcoin miners is the fact that overinvestment is starting to create an unsustainable trend. Demand, caused by ever higher difficulty, is outstripping development. Ideally miners would need chips capable of breaking Moore’s Law and then some. Over the past year the hash rate of the bitcoin network has skyrocketed from around 1,000,000GH/s to more than 200,000,000GH/s, briefly peaking at 231,138,370GH/s in late August. In roughly the same period the difficulty shot up from about 65 million to 27,428,630,902 on 31st August.

This is important for the price in my point of view; hashing rate (and difficulty) is coming to a point where we will have to deal with fundamental aspects of IT (Moore's Law). Except of course the mining companies have a hidden ace which we don't currently know (quantum ASICs? ). Equilibrium will come (according to the article) sometime within 2015. I personally expect some noise earlier than that, because miner's revenue is not anymore a positive number and many will go out of business.

I hope I'm right, because that means less miners, thus less btcs for sale, thus higher the demand/sale factor. If I'm wrong then it will be a bear's fest once more until sometime at the late $350-$380s. When this stops? Without a big catalyst for a proper CCMF, I'd expect sometime in 2016 when the block halving occurs. Until then, happy trolling... Smiley
2366  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency (mandatory upgrade) on: September 15, 2014, 06:00:42 AM
Somehow this thread transformed into a political debate. Not anyone cares about the USD/XMR rate anymore?  Smiley
2367  Economy / Services / Re: EARN BITCOIN WITH YOUR SIGNATURE ,UP TO 0.1BTC A MONTH, ONLY 30 SLOTS LEFT on: September 14, 2014, 12:43:03 PM
Count me in if you have the will to continue your campaign.
Post count:1403
address:14AZeFeVTwaZvrTcRGabcrjRnowoAG4vCQ
2368  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 09, 2014, 11:11:16 AM
i dont even understand how satoshi being dox would effect the price at all

Satoshi e-mail hack won't directly influence the bitcoin market, because hacker won't find private keys in Satoshi's inbox, hacker doesn't have access to Satoshi's bitcoin wallet.

On the other hand, Satoshi's e-mail hack can indirectly influence the bitcoin market because Satoshi identity might be revealed. People could be satisfied with the info who Satoshi is (crypto-anarchist, God...), also could be unsatisfied with the info who Sathoshi is (some corrupted corporation, NSA, CIA...) and that could influence direction where we are heading.

At the end, if you worry too much, this news is probably nothing.
There's a big difference between someone declaring that he actually hacked an email account and that email account to actually worth anything. Satoshi is nowhere to be found and certainly he won't reveal himself for 25BTCs...
2369  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2014, 09:06:52 PM
Jorge strikes me as an intelligent guy. Scare away noobs? Why would he waste his time on that. An accomplished CS professor investing time to scare noobs.. cmon.
1. He's in for the sport (trolling that is).
2. He's on a payroll
3. He's too insane to explain and we're to normal to understand. Tongue
2370  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2014, 08:50:20 PM
Quote
I'm confused.

Maybe this video where you can ear crystal clear bitcoin at least 20 times will fix that
Oh, my god....

I'm afraid I am not able to sleep for days...

relax and enjoy the show... it just got started Smiley
Just watched the braintree video. Those guys had it coming for at least a year. Their CEO states clearly that it's PAYPAL'S move to embrace bitcoin... Well played. VERY well played!


i'm telling you: it just got started!!!
i stucked on that also and nice to mention that....

BITCOIN DID IT!
+1
I'm just staring startled since those guys were at it all those months... I mean, we were reading rumors about it, surely hoped it would happen... but still it's amazing! I believe these guys are really worth the wealth they will accomplish when their engines rev up. It's one-click tech and zero fees via bitcoin transactions will make this payment system easy as pie for everyone. Not to mention worldwide transactions. I really want to see who's next Wink

Wow man... just wow!
2371  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2014, 08:47:48 PM
Quote
I'm confused.

Maybe this video where you can ear crystal clear bitcoin at least 20 times will fix that
Oh, my god....

I'm afraid I am not able to sleep for days...

relax and enjoy the show... it just got started Smiley
Just watched the techcrunch/braintree CEO's video. Those guys had it coming for at least a year. Their CEO states clearly that it's PAYPAL'S move to embrace bitcoin... Well played. VERY well played!
2372  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2014, 08:35:21 PM
https://www.braintreepayments.com/blog/goodbye-passwords-one-touch-hello-bitcoin


TO DA MOON! let the music play folks !!!


AWESOME!!!!

BITCOIN DID IT!!!

Ah, didn't we all look for the catalyst so far? Well, here it is.
2373  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2014, 06:53:56 PM
Where the F* are the TRAINZ??!!!
2374  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2014, 06:46:59 PM
ELEPHANT IN THE ROOM

With paypal accepting Bitcoin apple has no way to compete with the low fees without introducing Bitcoin into it's payment processor. It's not even about wanting to appeal to us, or for marketing, it just makes business sense and apple is in the business of making money.


AMEN brother! AMEN!
2375  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 08, 2014, 06:41:50 PM
Pardon me ladies and gentlemen is this link: http://www.coindesk.com/paypal-video-sparks-rumors-potential-bitcoin-plans/ indicates that we go

CCMF!!!!!!!1 ??
2376  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 06, 2014, 12:08:12 PM
This already been posted here?


Pretty much the truth (not only for bitcoin though). Everybody within a system gets criticism from those outside of the system. I yesterday was with a bunch of people (all work in big financial institutes worldwide). They tried to emphasize that bitcoin is nothing but a foe, a ponzi, it "doesn't represent a store of value", "won't be able for a country to inflate it" etc.

One of them was actually friendly about it. He said that big CC companies and companies like Apple or Google could actually make a good use of it via electronic payments that are represented through the blockchain system. No matter what they said, what was important from my point of view, is the fact that THEY KNEW about it. I find this to be a great progress since a couple of years ago.
2377  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 05, 2014, 04:14:29 PM
I miss the rocket trains to the moon...  Undecided
2378  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 05, 2014, 03:32:19 PM
For anyone that has not seen the video posted by Jorge, of Jorge playing with his balls please view here
http://youtu.be/rFEGFEGMDBc  Grin

I also posted a lesson on how to double your money without leaving your desk; but that does not translate well into English, unfortunately (and it was done well before I heard of bitcoin, which has made it obsolete):    https://www.youtube.com/watch?v=X9i6XwhH_jo

Really really splendid stuff....   I can see how this fits with the other highlights of your career.

"Jorge was a tireless worker and would spend long hours at the lab. Rumor
had it that he lived on a clock that had 26-hour days, so he would precess and
shift his sleeping time from day to day. As far as I know he spent ten years in
California without ever learning how to drive, and his wife Rumiko would come
to pick him up. I have many memories of coming to the office in the morning to
find Rumiko waiting for Jorge to come down and go home.
Jorge combines deep mathematical intuition with remarkable programming
skills – many people have one or the other of these capabilities, but the combina-
tion is rare. Even more rare is another aspect of Jorge’s intellect. Jorge is able,
better than anyone I have ever known, to put clean mathematical structure on an
amorphous set of vague ideas and produce elegant and informative mathematical
abstractions that allow insightful formal reasoning on a problem. I cannot count
the number of times that I walked away from a technical conversation with Jorge
thinking that now, finally, I understand the essence of the problem we’ve been
discussing. Jorge likes both his ideas and his programs (and yes, not to forget,
his LATEX macros) to be clean, well organized, and surgically appropriate to the
task at hand. In this respect, and in balance overall, I think Jorge was more of a
teacher to me rather than the other way around.
I want to close by mentioning another characteristic of Jorge, his remarkable
diversity and versatility, as demonstrated over a long and distinguished scientific
career. Jorge’s curiosity is not limited to any one special topic. Besides computer
graphics and computational geometry, he has made many other contributions to
interval arithmetic, splines, image search, the reconstruction or archaeological
artifacts, elasticity, and even the Voynich manuscript analysis.
So happy birthday, Jorge, and my best wishes for many more productive years
to come. Even after all these years, I still miss having you around – and in that
vein let me publically remind you that you promised to come spend a sabbatical
at Stanford Smiley"

are you tenured prof?  

It seems bating Bitcoin followers and folding notes and playing with balls seem ... a little.....  well.... pointless.

Like I said.. moments ago.. it seems to me you could put yourself to much greater use... to humanity as a whole ... by maybe fixing problems that you see
rather than wasting time here... unless you simply enojoy wasting time nowadays... or feel that you are not able.

Anyways...  as you were

The way I see it, he's contradicting a solid and undoubted argument by presenting a burning straw man paradigm all the time. By no means (if what I just read is true) he doesn't understand bitcoin. I could bet he owns some and he probably has messed with it's code and principles quite a lot. He surely adds noise but also adds value to this forum and -when not trolling- presents quite solid thoughts that give food for thought...

Pity he doesn't do this more often. Maybe he's on a payroll to troll here... such waste.
2379  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 04, 2014, 10:13:43 PM
I see from the quotes that trollfi still doesn't understand Bitcoin's finite supply and distribution model (or perhaps he's still just playing the disingenuous game) so maybe it's time to post this again.

In a few hours we will be 99 weeks away from that "3,600 per day" becoming 1,800 per day.  If the professor again claims he can't understand the following graphic then you should probably all just make like the rest of us and put him on ignore. Smiley

http://bitcoinclock.com/


Pardon me brother, for I was in the mood for feeding a troll today. Smiley

Goodnight people. Friday's coming!
2380  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 04, 2014, 09:52:01 PM
Every billion printed out of air is gov taking in your poket
Every day miners "print" a bit over 3600 new BTC.  Have you checked  what is the resulting inflation rate, in % of the existing BTC per year?


There's a difference between "printing" and "minting". In one case, there's a simple decision. In the second one there's the effort of MILLIONS miners around the world to solve a random matrix eq. There IS a difference.
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