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4441  Economy / Exchanges / Re: Cryptopay Bitcoin Debit card + Giveaway on: October 03, 2017, 02:48:33 PM
After receiving some help, verification is complete (plastic). Deposited in the account. All seems good. Use will follow when necessary. Will update.
4442  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2017, 01:40:45 PM
Obscenely rich nefarious actors are better off buying tons of bitcoin from dark pools or direct elsewhere and dumping the market in exchanges. This will drive the price down. You don't enrich anyone except whoever you originally bought the bitcoin from.

My point is: driving the price down could help strong-shouldered owners/hodlers to flesh up their stash. The next time around, your dark pools or other provider will likely have a higher ask price. Meanwhile, your adversaries (strong-shouldered guys) have more than they had. If there is demand, the price springs back up, and you lose energy with every oscillation. So you nefarious guy end up losing, unless you provide new fuel on the average.

Might be naive thinking? Am I applying medium-long term dynamics to a phenomenon that is inherently transient and nonstationary? I think the more we progress, the more the BTC ecosystem approaches the ongoing dynamics of stable (as opposed to chaotic) systems.
4443  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2017, 12:50:51 PM
The matter is it's quite cheap to mount a half-assed fork if you have some miner support. Keeping the value of the forked chain up is a totally different story. It's a hellishly long and costly business. That's where BCH stumbled, and that's where 2x will falter too, IMO.

I believe there are nefarious actors behind the scenes that are willing to burn money in order to derail Bitcoin. Their goal is not to 'make money'. They have millions of fiat at their disposal. Plus the havoc and confusion they are reeking in the public eye is almost enough to fulfill their mission statement.

Right, but if derailing fails (which it very well might), the nefarious actors end up enriching their very adversaries and giving them more power. Risky business, even if you've got millions to burn. I'm optimistic medium term. Maybe too much optimism?
4444  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 03, 2017, 12:39:02 PM
Edit: And if anyone in Bitcoin believes that all this constant 'forking' is completely normal behavior in order to improve Bitcoin, they are delusional. It is being done to attempt to divide the community and eventually derail/topple Bitcoin. Nothing more and nothing less. Their goal is to de-value and marginalize Bitcoin completely. The proof in what I'm saying will be when we get passed Nov and into next year, and yet there will be talk of more and more future forks. No existing chain will ever be good enough, even though the system we have now is working perfectly fine for all the actors involved.

The matter is it's quite cheap to mount a half-assed fork if you have some miner support. Keeping the value of the forked chain up is a totally different story. It's a hellishly long and costly business. That's where BCH stumbled, and that's where 2x will falter too, IMO.
4445  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 02, 2017, 11:34:28 AM

Quote
“Only BCC payment method is accepted in this batch, please use the exact amount mentioned in your order and complete the payment within one hour. After one hour, the order will expire and your payment may not be detected by the system automatically. If the payment is submitted but the receipt is delayed, we will make your payment “Valid” manually.”


Not a joke!
I mean you can't blame them as they openly support Bcash.
Question is will people really wanna pay in Bcash?
If not Bitmain is going to have hard times selling their rigs.
In a way it's smart. Bitmain mines a lot of Bcash due to EDA. If people wanna get new miners they will have to Bcash, which pushes the price. On the other side bitmain again can dump their bcash coins for a higher price and again accumulate cheap.
However I can't imagine Bcash being relevant as an altcoin for a longer period of time. Xapo opened the gates and people dumped. Price is plunging.The same and much more drastic I expect to happen when Coinbase allows it's customers access to the Bcash tokens.
If the PBOC doesn't come up with an announcement that Bcash will be the new ChinaCoin I believe this coins will just fade in the long run.

Correct analysis IMO. I will add my 2 cents: it's unlikely the PBoC will adopt Bcash as the new ChinaCoin.
If I were the PBoC - a control freak among control freaks - I wouldn't go for an "old" coin with a history. I'd make a brand new coin where I (ideally) hope to gather info on all addresses, possibly by making purchases only possible through tethered Yuan.
4446  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 30, 2017, 07:56:52 PM
1) set aside a small amount of Bitcoin for trading
2) make a series of laddered sell orders with your trading funds
3) as your orders get bought into, place buy orders of the dollar value of the sell, but at a lower bitcoin price
4) as your buys execute, enter sells at a higher bitcoin price
5) rinse and repeat. With volatility, the net effect is that your quantity of Bitcoin will grow
6) the net direction is up. You will over time accumulate a backlog of open buy orders that are unlikely to ever be bought into
7) as your open buy orders cross the threshold of implausibility, cancel them. Now they are cash.
8 ) you may or may not be bitcoin positive at this point. Either way, you are cash positive
9) when your pile of stinky fiat gets big enough that you don't know how to spend it, withdraw any remaining open sell orders.
10) Sit back and let bitcoin get pricier until the cash itch returns.

Now this is a nice revolving system. For the earliest adopters, there is the nice "got fiat even" milestone when you withdrew as much fiat as you put in. The milestone can be hit several times, depending on the timing of buys and sells.
4447  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 28, 2017, 05:20:25 PM
My wife says ok, one has the kids and the other does dinner. Of course I opted for kids, I hate doing dinner. I then ask my 2 yr old to go into the living room and I then pick up my 1 month old baby boy.....


He then projectile vomits 3 times all over me. We are both totally covered and I mean absolutely drenched.

I had 2 options and I should have chosen dinner.

The joys of parenthood, Part 2. Vomit shower comes after sleep deprivation. The greatest joys come when the child ascends to teenager status. These will be fond memories.

Cynical? Who - me?  Wink

Cooking isn't that bad. It can be fun, actually.
4448  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2017, 10:34:40 PM
I think Segwit2x has majority 90-95% of hashpower. It will be solved very quickly :-)

and 0% of full node to keep or accept the 2Mb Block size ...  Roll Eyes
Miners can not force node to "change" of software.

Why do you think, there will be not full nodes with Segwit2X ?  It is few lines of code to change limit from 1MB to 2 MB

  • It's not 1MB to 2MB. It's more like ~4MB to ~8MB.
  • You have to know WHICH lines of code need changing, and change them right. And figure out the technical consequences. The developer(s?) on the 2x Team don't seem to be able to tell the keyboard from the screen. And the team don't seem to care much about censorship resistance, either.
  • Node operators, besides trusting the 2x Team to do the right thing technically, must be WANTING to take that step. I, for one, am not.

But I see you're a legendary member, so you know all this. You trollin' me, man?

I'm not trolling you. I'm software developer with 20 years of experience. I'm writing code for the banks and I can guarantate you, I can add few lines of code and bitcoin core will be supporting Segwit2x within 1 hour.  

When I wrote "You have to know WHICH lines of code... bla bla...", I didn't mean YOU-Odalv. I meant YOU-developer-for-2x-Team (which I assume you aren't), and those developer(s?) (more than one? Really?) don't seem to be terribly skilled, according to the few who were able to peek into their github mess before they made it private. So nothing personal with you.

BTW, 20 years developing for banks doesn't necessarily mean anything. Many banks still have their old dinosaur system written in Cobol. No, not your banks. OK. From your words, I suppose you must use more recent programming languages, such as C++, so you are indeed able to tweak bitcoind, allright. Whatever.

However, Mr. Average Bitcoiner doesn't really agree much with the politics and rationale of the 2x fork. He's afraid of China. He's afraid of censorship from his own government. He's afraid he won't be able to run a node any longer because of bandwidth and memory requirements. He likes his SegWit, he waits for the Lightning Network to see what it can deliver.

But let us assume Mr. Average Bitcoiner agrees with 2x. He doesn't care about censorship or centralization. He hates SW. For some very good reason, he hopes LN fails miserably. Whatever. Do you think Mr. A.B. will be so eager to install node software signed by Odalv - even with all these slightly unlikely assumptions?
4449  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2017, 08:43:59 PM
I think Segwit2x has majority 90-95% of hashpower. It will be solved very quickly :-)

and 0% of full node to keep or accept the 2Mb Block size ...  Roll Eyes
Miners can not force node to "change" of software.

Why do you think, there will be not full nodes with Segwit2X ?  It is few lines of code to change limit from 1MB to 2 MB

  • It's not 1MB to 2MB. It's more like ~4MB to ~8MB.
  • You have to know WHICH lines of code need changing, and change them right. And figure out the technical consequences. The developer(s?) on the 2x Team don't seem to be able to tell the keyboard from the screen. And the team don't seem to care much about censorship resistance, either.
  • Node operators, besides trusting the 2x Team to do the right thing technically, must be WANTING to take that step. I, for one, am not.

But I see you're a legendary member, so you know all this. You trollin' me, man?
4450  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2017, 08:07:18 PM
Slightly off topic: where do you all get your news re: bitcoin, specifically news out of China? Twitter?
Links (to Twitter, Reddit or other sources) found in this very thread  Grin
4451  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2017, 08:05:40 PM
Dump ahead.
Quote
Bitcoin is at 3.7k in China.

Or maybe there isn't much relation between bitcoin price in global market and bitcoin price in theses closed markets...
There is a huge relation in global market i think you are the new person that saying that look at the media people are arising questions against bitcoin that who are the creator who toke bitcoin to high level and you are talking here like that.

Hm? Is Google Translate out of order?
4452  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2017, 08:04:58 PM
If we have another fork that even rhymes a little to this one, I can only see bitcoin getting stronger as people buy more in anticipation of the air drop.
Without replay protection, it will be a slow mess to untangle the altcoins though.

If replay protection is not added, then what is going to be the solution, something like 100 confirmations?  Or am I misunderstanding the gravity of the problem and adding confirmations would that not be enough?

100 confirmations should be safe enough, quite hard to reverse that much.
But in a fork/war context it could take days instead of 1000 minutes (16-17 hours).
And doubt about the winning chain can add to the paralyzing effect. IF the fork happens, which still remains to be seen.
4453  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2017, 04:00:34 PM
If we have another fork that even rhymes a little to this one, I can only see bitcoin getting stronger as people buy more in anticipation of the air drop.
Without replay protection, it will be a slow mess to untangle the altcoins though.
4454  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2017, 03:38:57 PM
My only dream is that Altcash heads back to 0.20/btc so I can unload the rest that I have.
This. I was a little slow after the fork - safe splitting, many confirmations needed etc. We have some hope however, probably with the next FUD wave.
4455  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2017, 11:53:07 AM
https://www.techinasia.com/japanese-gaming-giant-nexon-buys-south-korean-bitcoin-exchange-korbit

game on!

gaming companies becoming crypto-banks, in-game currencies/tokens competing with fiat ... shit's getting weirder than fiction and the 'pros' don't know which direction the next blindside is coming from

Actually yeah thinks makes a lot of sense. The South Koreans are some of the biggest online gaming fanatics in the world. Hell, didn't they basically invent the whole idea of the 'internet cafe'? So those big gaming giants are probably seeing big money in their eyes if they were to integrate in-game crypto payments for awards, accessories, and other stuff people want. Like with WoW gold or Linden dollars.

But instead, let's all just use Bitcoin. Mmmkay?  Grin
Besides, they can keep everything offchain - basically no transaction costs for micropayments - even before LN takes hold. I think it's going to work out fine.
4456  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 27, 2017, 09:57:29 AM
Breaking out? I think 4k is incoming.
4457  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 26, 2017, 12:06:57 AM
... Why do I keep talking crap on here and my activity is always 28 tho? Sad
https://bitcointalk.org/index.php?topic=178608.msg1861412#msg1861412
4458  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 23, 2017, 02:04:06 PM
The Bitcoin world is as fast as its price movements. I agree that this thread is one of the best to get a sense of what is going on out there. Who post in this thread usually adds a lot of value to every bitcoiner who wants to touch base with the news.
Especially during the summer, when I did not have much access to the internet this thread was the only one to keep me posted about all that happened.
I'm actually grateful to all of you guys that contribute here  Wink

Subscribed 100%. I was worried when there was talk about shutting down this thread, because it's my main source of sentiment and fresh info. When my interest is piqued here, I look around elsewhere, follow down links etc.

The little bit of "theatrical action" as I call it - overplayed characters such as "Verbal" JayJuanGee or the hateful Roach - are no big issue for me, and at times they even add a bit of color to the scene.
4459  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 23, 2017, 01:57:38 PM
Moderate weekend pump. Not sure it's the Amazon rumor effect or something else, but it's still just a small movement.
4460  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 22, 2017, 03:52:06 PM
Fully collateralized derivatives. I was pretty sure the first ones to get a green light must be of this kind.


So is this October the 4th? I didn't understand the no sooner than bit...

Is this what it means? 4th?

I think that's market speak for "Hey big investors, back the fk off. We're not onboarding you early and before everyone else on our list, no matter how much money you want to throw at us. We're gonna do this in an orderly fashion. Plus we can't until Oct. the 4th anyway."  

At least that is my interpretation. Grin
Makes lots of sense.



CDS are a kind of shorts already. This brings the WS casino to BTC, I wonder if we must be happy with this... .

I think the wording reported by Torque implies that in order to short, you need to match your order with a long. Zero-sum.

This opens the door to ETF and to all kinds of Wall Street madness. This is going to be huge.
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