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2961  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 11, 2014, 03:25:43 PM
It is only a small step for Microsoft to allow portion of accounts to be held in bitcoin ... and then to allow withdrawls or spends of bitcoin to non-MS addresses ... suddenly your microsoft account starts to look a lot like your coinbase account ... but with a massively larger installed userbase and trusted brand identity behind it ... and Microsoft is head-to-head in a digital payments war with old foe Apple's Applepay

Upon reading this, it occurs to me that youth in the west might be a more likely adopter than third world right now. Lots of disposable income, access to technology and no access to bank accounts and credit cards.
2962  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 11, 2014, 03:02:51 PM
Big companies accepting bitcoins hardly did wonder things for the price recently, isn't it?

It adds to bitcoin's legacy for sure but we need stuff to make people buy coins not to sell it.

Yeah, someone should re-quote that epic post by prophetx earlier.

I'd do it, but I'm to tired/lazy

Hmm. Maybe I should make chartbuddy quote faqs when requested.

I'd do it, but I'm too tired/lazy Wink
2963  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 11, 2014, 05:59:53 AM
To the moo...

That's no moon



Not a fan of Microsoft but I'll take what I can get.
2964  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 11, 2014, 12:10:54 AM
Currency is backed by assets, at least my currency is (GBP).  our QE was backed by the purchase of assets.  When called to pay debts they are settled in gold.

Dude, England left the gold standard in 1931. That's 40 years before the USA.
2965  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 11, 2014, 12:07:04 AM
ITT:  Bitcoiners bitch about the evols of fiat.  Don't know what "fiat" means.

Fiat: A form of currency backed exclusively by Italian automobiles.
2966  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2014, 04:14:00 PM
Yesterday's Blockchain.info debacle (weak keys, sometimes same private keys given to different users; coins stolen, unknow losses) happened because someone decided to "improve"  the random number generator:
https://github.com/blockchain/My-Wallet/commit/98d5a7ca59ef04d06ac6aee468634b12975a0f5c


Link to a good explanation of this?

Reminds me of a dumb attempt I once saw to increase randomness using MSSQL's 16 bit pseudo-random generator. Tried to explain to the guy who wrote it (my manager) that it didn't actually improve things but he wouldn't hear it.
2967  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2014, 12:47:45 AM

(So it may be that one of the bidders who won a 2000 BTC block defaulted, and the USMS has transferred the 48 000 BTC to those who paid, and didn't bother to split off the 2000 BTC chunk yet, waiting for the next bidder to pay.)   Yes agreed... that is my take on it also.

Yes. Looks like that's already happened

https://blockchain.info/fr/address/1CkrQEuoo7vX4YKjNPkgWExnRwEp9fVPaP

It also seems like there are several members of our little group who don't understand how Bitcoin change addresses work.

Hands up! I don't, but I will take a guess now ...
It could be instantly be deduced from apparent the lack of apparent tx fee on the 52k that is was being sent as change. This is now confirmed by the further split into two separate wallets again with no tx fees. Hence the USMS is still in control of the total 52k
Close?

While that's true, it's not directly related to the change address issue.

Bitcoin values in your wallet are stored as various "chunks" of bitcoins and complete chunks must be spent but can be distributed to multiple addresses. Thus to spend say 6 out of a 10 bitcoin chunk, you'd send 6 bitcoins to the target and 4 bitcoins back to yourself.

A wallet can contain multiple private/public addresses for reasons apparently related to privacy, rather than sending to the original address, the change from a transaction is sent to a different address within the wallet (these addresses are pre-generated in the standard client). This often confuses people who see their bitcoins going off to an address they don't recognize. It can also lead to bitcoin loss if those additional keys are not transferred or backed up.

If you don't spend all of a chunk, the remainder is distributed to whoever mined the block as the mining fee.

It's worth noting that there are wallets with single addresses and also ones with deterministic generation of the keys (which takes care of some of the issue of wallet integrity.
2968  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2014, 12:33:14 AM
It also seems like there are several members of our little group who don't understand how Bitcoin change addresses work.

If you know how to define a custom txfee then you probably know how to define the original sending address as change address (to avoid this kind of confusion).

Yeah, because the cops are going to worry about confusing some dweebs on an internet forum.
2969  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 08, 2014, 09:21:33 PM

(So it may be that one of the bidders who won a 2000 BTC block defaulted, and the USMS has transferred the 48 000 BTC to those who paid, and didn't bother to split off the 2000 BTC chunk yet, waiting for the next bidder to pay.)   Yes agreed... that is my take on it also.

Yes. Looks like that's already happened

https://blockchain.info/fr/address/1CkrQEuoo7vX4YKjNPkgWExnRwEp9fVPaP

It also seems like there are several members of our little group who don't understand how Bitcoin change addresses work.
2970  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2014, 10:27:49 PM
Maybe try a different browser?

Which one?  Godzilla firebull?

I recommend Mozzarella Foxfire.

Go oldschool

2971  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 03, 2014, 06:06:57 PM
Might be some exchange just moving their coins however the amount is ridiculous and look at how low the fee is. Perks of bitcoin.

Grin it took $0,04 to transfert +$82M Cheesy

Needs to be an infographic.
2972  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 03, 2014, 05:48:21 PM
I've been away for a couple of weeks, can anyone confirm this?

Well, I haven't seen you around but you might have been lurking.
2973  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 02, 2014, 07:21:38 PM
...
David Levy I think was the bloke.
...

Anton Lavey.  You were close, tho.



I think you'll find it was Cest Lavie
2974  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2014, 07:14:20 PM


fucking


wonderfull

Missed opportunity to have Bitcoin address in the picture.
2975  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2014, 07:09:06 PM
Studying the charts, I don't think we're going to make 400 in time for ChartBuddy to be able to drop it back to page 10,000.
2976  Economy / Speculation / Re: Automated posting on: November 27, 2014, 01:15:44 AM

WTF is that green line, chartbuddy?
2977  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 26, 2014, 06:08:11 PM

Bitcoin may be partly responsible for that.  Many activists who could be campaigning for better government practices and rights-oriented laws seem to have given up the fight, trusting that all those problems will disappear once bitcoin takes over the world and governments just shrivel away.

It's become clear that the fight is rigged and can't be won by conventional non-violent means. No one wants to rush to violence.
2978  Economy / Speculation / Re: Automated posting on: November 26, 2014, 04:24:54 AM

:~(

Two less data points and we'd have had a visit from Karpeles.
2979  Economy / Speculation / Re: Automated posting on: November 26, 2014, 01:04:43 AM


Why don't you consider using the data of a different exchange until Bitstamp gets more reliable?

That's work n stuff.
2980  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 26, 2014, 01:03:48 AM
Freaking image proxy.

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