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3041  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2014, 04:57:35 AM
If this wall actually gets eaten and a bunch of fiat arrives on Monday, I'm hoping for a rally Cheesy

It's already dawn of monday in Europe. Does Bitstamp still use European banks?
3042  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2014, 04:41:02 AM
I just hope my fiat will arrive in time to catch this price

You're probably not alone.
3043  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2014, 04:40:29 AM
this is amazing!

It is... I tend to see things as bullish rather than bearish (can't help it), but this one makes it easy, no?
3044  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2014, 04:36:46 AM
guys, I just got up. Can someone give me a quick history (last ~6 hours) of that wall on stamp?

How big was it when it was put there? 17k?

Was the ~7k eaten or was the wall partly pulled?


Was 28k before so about 11k has been eaten

wow. That's quite bullish. Also the fact that it doesn't seem to scare the market.

Thanks for the info everyone.
3045  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2014, 04:30:18 AM
guys, I just got up. Can someone give me a quick history (last ~6 hours) of that wall on stamp?

How big was it when it was put there? 17k?

Was the ~7k eaten or was the wall partly pulled?
3046  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2014, 04:27:55 AM
While these coins are cheap, its more scary that this large whale is most likely exiting the btc market.  Not good to see big money go out the door.

I think it's good as long as many buyers are buying. Distribute all the coins!

Unfortunately I fear that now is one of these times when only few have the balls to buy. The masses? Probably not.
3047  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 05, 2014, 08:02:47 PM
was this the famous pre-rally flash-crash (as in sr-bust-crash). Somehow I'm not convinced.

Just came back from a vacation to see this bloodbath. Still coming to my senses.

Finally some excitement!
3048  Bitcoin / Hardware wallets / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet on: October 02, 2014, 05:09:23 AM
Wow.. Gratz mr Palatinus...  im proud of your acheivement..  first one to create a pool.. and first really reliable and commercialized hardware wallet...

Thank you very much for all those years of hardwork and for keeping the good work until the end and further more Smiley    you're my best..

Have a nice life Slush


+1. I also thank stick, cor and the others (I don't know them) who worked (and continue to work) hard on the trezor project.
3049  Bitcoin / Hardware wallets / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet on: October 01, 2014, 05:30:08 AM
Can i ask you what you think about that cheaper product: https://buy.hardwarewallet.com/hw1shop/#shop
I was buyed Trezor and i'm very happy,but today i saw that decision and i think that this will reflect to your sales becouse of the price.Do ypu think that Trezor is more secured than that piece hardware?Please answer,becouse i try to advertise your product,but peoples look the price on the first time.
Thank you.
If you think that this is not for your thread -just delete it.

it seems to achieve the same thing, but i see a few shortcomings:
1) no screen to verify transactions. If the PC fed it incorrect payment info it would sign it - whereas a trezor requires you to confirm the address and amount shown on its screen and click the OK button
2) I dont see any PIN protection for payments
3) I dont see any password capabilities, or the capability to run multiple totally seperate wallets on it like the trezor can (using a different pw for each)

I have one of these and tested it extensively with electrum.

1.) It has no screen but offers a "hardened mode" which requires you to plug it into another computer (or the same one). It will emulate a keyboard and tell you the transaction info and a one-time PIN which you'll have to enter after re-plugging again into the main computer with the wallet. It's way less elegant than trezor in this regard, but this protects against malware sneaking in attackers address.

2.) The devices requires the user to enter a PIN. If entered wrongly 3 times, device will delete wallet info.

3.) Correct. No "plausible deniability" possible like with trezor. You have one wallet and that only has one account (with unlimited number of addresses, though). I think it's bip32 limited to 1 account.

For the price it offers quite good security. It's a little more cumbersome to use securely than the trezor because of the lacking display (you need a second computer). Also: the tech is closed-source (smart card), so you have to have some additional trust there. All in all a good low cost alternative, though, I would say.

sorry for OT, thanks btchip for linking the thread above.
3050  Bitcoin / Hardware wallets / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet on: September 30, 2014, 05:11:16 AM
Is the metal model still available for purchase?

As is answered twice per page no, and it probably never will be.

I wish they would put them up for sale for a higher price.   I would pay 2x the regular price for a metal one, just because I like the way it looks. 

Early supporters of the project payed 3x the regular price for them. I'd rather not see them on sale like that. That'd be a shot in the back of early supporters.
3051  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 30, 2014, 05:09:44 AM
ok, this is very cool and important.

http://www.npr.org/blogs/alltechconsidered/2014/09/29/352476454/how-hong-kong-protesters-are-connecting-without-cell-or-wi-fi-networks

"Mesh networks are an especially resilient tool because there's no easy way for a government to shut them down. They can't just block cell reception or a site address. Mesh networks are like Voldemort after he split his soul into horcruxes (only not evil). Destroying one part won't kill it unless you destroy each point of access; someone would have to turn off Bluetooth on every phone using FireChat to completely break the connection. This hard-to-break connection isn't super important for casual chats, but during tense political showdowns, it could be a lifeline."

i can't wait for BitcoinCard or something similar to come along and give us the option to connect via Mesh Networking.

I think they removed that feature for the initial release because the "tech isn't there yet".
3052  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][AUR] Auroracoin - a cryptocurrency for Iceland on: September 29, 2014, 07:28:55 PM
When is the last time the devs made an update?

Well, they did move the decimal place on the 2nd airdrop amount. That's at least 1 byte changed.



depends on the representation of the number. IBM made some weird cpus (for banking apps) doing decimal arithmetics natively (yeah, I know, right?!? but it makes sense). But yeah: probably at least a byte.
3053  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 29, 2014, 07:25:57 PM
Wow, it's been years since I read this thread, so I picked a random page a month back or so -- all very serious, lots of graphs and some interesting discussion (although in hindsight, some pretty off whack predictions).  Then I skip forward to 'now' and it's people calling each other cocksuckers --unbelievable.

hehe. made me laugh.

it's actually a good sign, though.
3054  Economy / Service Discussion / Re: Random 0.00001 BTC from Laxo Trade? on: September 29, 2014, 07:13:03 PM
they're most likely taking the adresses from the blockchain.

I also noticed they only select addresses with > ~100 BTC already in them.


3055  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 28, 2014, 11:57:20 AM
That wall on Stamps wants us to sodl

Edit: There is a huge lack of panic

they great calm?

that wall... it's gone.


I was about to ask what wall he was talking about....I guess it was pulled quickly.

Also, maybe I'm jaded but I don't considera couple thousand coins as a "wall"....in the old days a wall was like 10k coins, lol.

when I looked it was 450 BTC
3056  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 28, 2014, 11:53:20 AM
That wall on Stamps wants us to sodl

Edit: There is a huge lack of panic

they great calm?

that wall... it's gone.
3057  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 28, 2014, 11:11:13 AM
Bitcoin will become an excellent store of value.

Here's Jim Willie, an analyst and long-time gold bug, talking about how hilariously cumbersome gold is to deal with:



those explanations of the difficulties with storing/moving gold remind me of that dude on reddit has (or came up with as a story):

So there is a chance, quite large, that I am going to go to prison for a while. A long while. That's aside the point. The question I have brought to your proposal is could I convert all my money to bitcoins and safely store them for 20 years without anyone, including myself, having access to them? Or would they eventually be seem as unused money and collected by the holding company? Very interested in this.

The things you can do with Bitcoin... it's amazing, really.
3058  Economy / Service Announcements / Re: Bitfetch - Anonymous Remote Torrent Downloading on: September 28, 2014, 10:48:31 AM
Oh my god, I'm in the process of trying yourseedbox.com seedserver.

What a major fucking hassle.

Sorry to vent here, but it this just points out how much a service like bitfetch is needed.

Took me about 90 minutes to go through all of this crap:

  • to buy 1.89€ shared seebox (turns out to be €2,80 in the end), I have to fill out a form, pay btc via bitpay, email support about failed bitpay payment (they reacted quickly).
Not to mention having to register an email address somewhere.
  • put up with 2 different quite crappy control panels (at least they seem to work, though)
  • find out that a torrent (with many seeds) I managed to start to download wouldn't download (hangs at "connecting peers" for 10 minutes)
  • find out (they said this before I admit) that I can only dl 2 torrents simultaneously.
  • find out that my type of control panel (torrentflux) doesn't support magnet urls at all
  • click "convert to torrentcloud" control panel so I can use magnet urls
  • read message that "high priority conversion within 24 hours cost €30", low priority is free, but takes up to a week (best effort)

what the hell?!?

I wonder how much time and money I will have spent until I successfully downloaded something.

Compare to bitfetch:

  • top up account by sending BTC to a bitcoin address
  • paste magent/torrent url

EDIT: I came down a bit from my rage. They switched me to torrentcloud very quickly (support seems to be top-notch so far). That is a way better interface and I can actually download stuff now.

I still uphold that we need a bitfetch-style service, though ;-)
3059  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 28, 2014, 08:14:43 AM
pretty classy presentation by Fred Ehrsam.  we need more from him.  what caught my ear was that Coinbase has 1.6 million confirmed users.  that's alot:

http://avc.com/2014/09/video-of-the-week-fred-ehrsams-bitcoin-presentation/

edit:  and with all that said, he didn't even talk about the SOV function.

I have to say it is getting annonyingly ignored these days (the SOV function)

I cringe at videos on youtube or reddit that claim : "Bitcoin it's more than just money".

As if money was not the most subversive aspect of Bitcoin.

"The real value is in the technology, not the currency"

These type of speech make me sick. One would not exist without the other.



Also. I'm cool with Coinbase, they're adding a whole lot of value to the ecosystem right now. But the reality is they are themselves a middle-man, that will eventually be cut loose when it is no longer needed



He's a payment processor so his mind is on one thing; processing. As opposed to someone like me who is a hodler.

Even in the Wences video, he had to apologize to Gallippi as he knows processing is his thing too.  As opposed to Wences who is a hodler.

https://www.youtube.com/watch?v=NERAN-89j8M&app=desktop

Bitcoin is a pretty - let's say - emotionally demanding store of wealth and not the most efficient payment system.

It's the combination of these two features and the trustless nature of the ledger that make Bitcoin unique.

I can't help but to feel a slight suspicion of deceit when Bitcoin is promoted hard and one-sidedly as a payment system.

Some people just can't seem to fathom the following is in the realm of possibility:



Maybe it's because they make money as part of the crossed-out scheme (It's hard to let go of a concept your paycheck depends on). Maybe it's because they believe "the government will never allow this". Maybe it's simply because of their indoctrination towards valueing little green pieces of paper.

Anyhow, it doesn't matter: if nothing really bad happens and nothing better takes over (which I currently put a low probability onto), things are just going to go the way depicted above:

Bitcoin will become an excellent store of value.
3060  Economy / Service Announcements / Re: Bitfetch - Anonymous Remote Torrent Downloading on: September 27, 2014, 10:05:04 AM
I think I might try a shared seedbox from http://yourseedbox.com/page/shared_seedbox for €1,85 + VAT per month.

I read somewhere they take bitcoin (haven't made it to the checkout yet).

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