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5121  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 09:09:56 PM
^ Where there any walls to observe?
no it was a tiny book. guess it was a fat finger/typo
someone had a mad limit up there and if it was enough, became rich
volume can't have been much up till then, so 10k btc??

Probably just a bot trading with itself, plus some FOMO from day tards seeing the volume spike.  
5122  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 08:26:58 PM
If the Dow continues crashing like it did today after the holiday, we're going to need Hairy's patented Liquid Koala Asset Sidechain much sooner than anyone could have predicted.

Initial distribution is by air drop.  Think golden shower but greenish brown. 
5123  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 10:38:02 AM
5124  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 07:06:23 AM

Amir has been tied up in some dodgy stuff in the past.

Quote
As I write this, Taaki is in the process of recruiting the first five members of his academy: they will have to relinquish any other responsibility or commitment, undergo a period of “ideology training”, and live an ascetic life in the property Taaki will rent. There will be no salary other than “participation in historic action”.

This sounds as much the makings of a cult as Bitcoin development.
5125  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 05:05:23 AM
Segwit transactions are valid under the old rules.

Yes, for some value of 'valid'. As but one example...

Quote
It would take a hard fork to make Segwit transactions invalid.  

...but it would not take any fork for legacy software to interpret segwit txs as anyonecanspend which any attempt to spend would immediately be rejected by full nodes as a hard fork.



FTFY

Of course the concern you raise would be valid in the BCH context where there are no full nodes to patrol the actions of the miners.  

As Roger loves to say, full nodes only get in the way. Darn tooting they get in the way of fraudulent miners.
5126  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 03:16:43 AM
An address from 2012 ?
5127  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 02:59:14 AM
Incorrect.

Segwit was a soft fork.

Segwit transactions are valid under the old rules.

It would take a hard fork to make Segwit transactions invalid.  

That doesn’t stop a miner from blacklisting Segwit addresses.  But they can blacklist anything they like now, that’s got nothing to do with Segwit.  They  can also blacklist legacy addresses or can mine completely empty blocks should they choose.
5128  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 02:39:02 AM
Blocksize is a security parameter.

Go look at the sharding clusterfuck at ETH if you want to see where decentralised block size increases leads you.  
5129  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 01:55:17 AM
Segwit signatures are still on chain they are just in a different spot.  Segwit moves the signature out of the input script and stores it in another part of the transaction on chain.

Speculating about future hard forks that might compromise Bitcoin security is pointless because any hard fork could compromise security in any number of ways.  And be rejected.  That’s what full nodes are for.  
5130  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 01:04:44 AM
It’s still a hard fork which would be opposed by the vast majority of economic weight and users.   Go ahead and make your Bitcoin Plus Plus or whatever you want to call it. No one cares.

That’s why Bitcoin relies on consensus.  USAF taught us that miners don’t mean shit in Bitcoin.
5131  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 12:50:06 AM
The Segwit theft would require a hard fork.

And if you are going to have a successful theft by hard fork, you may as well steal from the legacy addresses as well. 

This is just more Bcash lol bullshit.
5132  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 12:20:46 AM
If you mean Potts Point and Toorak then yes.  There’s still an ass load of koalas round my part of town.
5133  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 12:15:57 AM
I know of a lot of Aussies who have gone for a walk under eucalyptus trees.  
5134  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 12:10:11 AM
Have you ever smelt koala droppings?


Edit:  Maybe this should be our next poll.  
5135  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 12:04:14 AM
I heard all the trains stopped running because it hit 25C over the weekend.

The UK is a serious country filled with serious and capable institutions.

We acknowledge all of them only function within a 5-22 centigrade window but I'd like to see somewhere like Ecuador do better.

My money is on Ecuador post 29 March 2019.
5136  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2018, 12:00:08 AM
There is nothing worse than a warm gin and tonic.

I heard all the trains stopped running because it hit 25C over the weekend.

I heard all the koalas were riddled with chlamydia.


Well let that be a warning to you sir. 
5137  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2018, 11:13:57 PM
There is nothing worse than a warm gin and tonic.

I heard all the trains stopped running because it hit 25C over the weekend.
5138  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2018, 11:00:31 PM
5139  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2018, 10:39:40 PM
I just don't get why peops link pdf files here.
Make sure you know what your doing when opening them, they can contain executables.
Maybe the pdf that was linked contained no exe?
Additionally, I suppose people reading these pages would know what to do when the system asks them if it's OK to execute stuff they just downloaded without knowing.

(No flame intended.)

More the point, their opsec is good enough that it doesn’t matter if the computer they use to browse the web is compromised.
5140  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2018, 10:35:35 PM
next wave of bullish bullshit

https://bonnerandpartners.com/what-a-nasdaq-vp-told-me-about-the-future-of-cryptocurrencies/

Quote
Security tokens are regulated financial securities – like traditional stocks and bonds – that provide token-holders with ownership interests in the underlying company or asset.

Security tokens will be the third wave of the blockchain boom… and they will make the first two waves look tiny by comparison.

One executive I spoke with expects security tokens to bring 10% of global GDP – roughly $8 trillion – into the blockchain ecosystem by 2024. That represents growth of 28X.

And Bruce Fenton – founding member of The Bitcoin Foundation ...


How does using the blockchain to securely store data about security ownership have any affect on the value of a bitcoin? The value of these securities is not being injected into market cap of bitcoin or backed by bitcoin tokens. They are completely separate things that hold value on their own and hashing them on the blockchain is irrelevant. Securities are backed by brick and mortar companies and company assets and employees and speculation etc and are not backed by a monetary system or a data system. Saying they would make bitcoin worth $10T is like saying that the server's hard drive at NASDAQ is worth $10T. The only thing that would raise value is the extra transaction volume and fees in all the micro transactions needed to maintain a ledger.

Actually security tokens need to be taken quite seriously.  

It is a pathway towards disintermediating traditional stock exchanges.  Issuers don’t particularly care where the money comes from, so long as they can access it.  They certainly don’t feel the need to pay the NYSE listing fees plus book building fees to BAML, GS or JPM if they don’t have to.  

If issuers can issue security tokens to a global audience of investors direct, they should save 10% or more of the raise that gets chewed up in by financial intermediaries.  It is far more efficient to just run an ICO.

Obviously there are security law barriers in place, but people are working on overcoming those.  And securities regulators are being surprisingly facilitative.

What does this mean for Bitcoin you ask?  Well you have to pay for the security tokens using a cryptocurrenxy. Right now ETH has the inside running as the premier fund raising platform.  But the lack of transparency around ETH’s monetary supply means it represents a poor store of value.  

This leaves Bitcoin as a significant winner from tokenisation for the payment of dividends and purchase of securities.  Even more so if we can get RSK happening and create security tokens as a Bitcoin side chain.

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