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1201  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 10:14:15 PM
<concern trolling crap>

Give it a rest, you don't fool anyone.
1202  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 09:53:21 PM
Blitz please read through the posts and act appropriately. Thanks.
1203  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 09:44:31 PM
inca and LFC

back 2 back


Hey my only disagreement with you tarmi is speculation related.

There is no place for child pornography on this forum.


it's not about child porn on this forum, but on the blockchain.

Are you really defending this creepy child pornography obsessed freak?

And no I don't give a shit it has been uploaded in an unreadable form to 99.99999% of the population. This isn't about censorship this about morals.

This is a Bitcoin price speculation forum.


no, I am defending his right to talk about things that you bitcoiners find uncomfortable.

it does not matter if it is unreadable, but rather available & accessible.  

1) 'you bitcoiners'

Cretinous remark.

2) defending his right to talk

Clap fucking clap. You are my hero.
1204  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 09:42:12 PM
inca and LFC

back 2 back


Hey my only disagreement with you tarmi is speculation related.

There is no place for child pornography on this forum.


it's not about child porn on this forum, but on the blockchain.

<NLC alt, troll crap>

Seriously, I can only imagine how utterly pathetic you must be in real life. You low, low excuse for a human being.
1205  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 09:36:14 PM
inca and LFC

back 2 back


Hey my only disagreement with you tarmi is speculation related.

There is no place for child pornography on this forum.


it's not about child porn on this forum, but on the blockchain.

Are you really defending this creepy child pornography obsessed freak?

And no I don't give a shit it has been uploaded in an unreadable form to 99.99999% of the population on the blockchain. This isn't about censorship, this about morals.

This is a Bitcoin price speculation forum.
1206  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 09:30:17 PM
inca and LFC

back 2 back


Hey my only disagreement with you tarmi is speculation related.

There is no place for child pornography on this forum - only one person brings it up all the time, the mods should deal with it. I hope you aren't defending it.
1207  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 09:24:54 PM
Seriously Lamby stop talking about child porn.
It's beyond weird.

Even as a joke why the hell are you searching it.
Keep it away from here please.

If the mods had any morals they would just blanket ban all his accounts: sporket, ask Ken about love, bromide, silence of the lamb etc etc.

And introduce newbie jail.

1208  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 09:08:53 PM
I have reported you NotLambChop for further child porn references. Get a life.
1209  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 12:46:23 PM
i think this is just a deceptive mexican standoff conjured up to probe the market, mislead the price guess.. notice how this is being delayed... if i'm observing correctly shorts vs longs is no longer accurate as it used to be in 2014 as it's becoming way too predictable and less profitable... i'm still positive that this market is rigged up to eyeballs and any engineered "news leak" any day now should set the direction either way to manipulators' benefits... i wouldn't be surprised if the forces that move this market are present in both sides of the leveraged market...

I was thinking the same thing yesterday
What is to stop whales from gaming these numbers by borrowing coins from themselves and shorting these instead of selling directly? They are guaranteed that the new ATH in shorts will be screamed from the rooftops in here and seized upon as bullish. If you borrowed your own coins, there would be no cost to this strategy as you would be paying interest to yourself.

No idea if this is happening, but if it has not done already, it will be done one day for sure. Inca's predictable posts would be like free advertising to them and play right into their hands  Cheesy

Equally well, borrowing your own USD to game the long data would be easy and free, though it would seem to be a longer game given the generally slower trends in those numbers.

FWIW, even though I am bearish, I look at that short data and wonder how it can go down with such a high number, so if it's a psy-op, it's a good one.


You might be right to a degree. The market is owned by a small cabal of traders.

Regarding borrowing your own coins and usd  - we can see what is simply borrowed, and what is sold into or bought from the market. The data show clearly that half of the shorts were opened below 300, with thousands underwater. Sure there is nothing stopping someone dumping 15000 coins on the market to paint a bearish picture. Equally after going long 25 million USD what is another 5 million to squeeze shorts into capitulation?

Fascinating setup currently.

My point was that borrowing your own coins, selling them on the market and thereby inflating the shorts on BFX paints a different picture to simply dropping them on the market. One shows up as a possibly squeezable short, implying potential upward pressure, ergo you may get the chance to sell more at the same/higher price if someone attempts that squeeze. The other just disappears in trade data and paints a more bearish picture if anything. Would be a smart play for a big player who has more to unload.

Yes ... current set-up looks like ready for fireworks. So expect more sideways  Cheesy

Too right. Smiley
1210  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 12:15:39 PM
i think this is just a deceptive mexican standoff conjured up to probe the market, mislead the price guess.. notice how this is being delayed... if i'm observing correctly shorts vs longs is no longer accurate as it used to be in 2014 as it's becoming way too predictable and less profitable... i'm still positive that this market is rigged up to eyeballs and any engineered "news leak" any day now should set the direction either way to manipulators' benefits... i wouldn't be surprised if the forces that move this market are present in both sides of the leveraged market...

I was thinking the same thing yesterday
What is to stop whales from gaming these numbers by borrowing coins from themselves and shorting these instead of selling directly? They are guaranteed that the new ATH in shorts will be screamed from the rooftops in here and seized upon as bullish. If you borrowed your own coins, there would be no cost to this strategy as you would be paying interest to yourself.

No idea if this is happening, but if it has not done already, it will be done one day for sure. Inca's predictable posts would be like free advertising to them and play right into their hands  Cheesy

Equally well, borrowing your own USD to game the long data would be easy and free, though it would seem to be a longer game given the generally slower trends in those numbers.

FWIW, even though I am bearish, I look at that short data and wonder how it can go down with such a high number, so if it's a psy-op, it's a good one.


You might be right to a degree. The market is owned by a small cabal of traders.

Regarding borrowing your own coins and usd  - we can see what is simply borrowed, and what is sold into or bought from the market. The data show clearly that half of the shorts were opened below 300, with thousands underwater. Sure there is nothing stopping someone dumping 15000 coins on the market to paint a bearish picture. Equally after going long 25 million USD what is another 5 million to squeeze shorts into capitulation?

Fascinating setup currently.
1211  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 12:05:20 PM
Bids up again. Bears can't break the price down. Interesting hearing about people moaning about manipulation upwards, off the back of a year of excessive sell pressure and downwards gaming of the price !

Ezmoneychap if you think bitcoins are worth 160 you should have bought them at that price in January. Good luck finding them at that price again.

Next move should be epic. If we break up the short covering should end the bear market definitively. If we dip lower then it is back to accumulation for the bulls before the next push (the trendline coming down every day in the interim).

1212  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 06, 2015, 11:07:16 PM
one more thing about those absolute ATH calls and numbers for shorts and longs.

yes, 27 k of shorts sounds a lot, but the price is at 250 $ (and we are still mining 3600 btc on a daily basis)

25.3 mil of longs does not sound a lot, but if you take into consideration the current price...well...it's worse than bad.

...


now I will leave you bulls to think about that a little bit.

Well considering that 14 million failed to cover even in 'the great crash' down to 160 i'm not sure how important that is.

There has always been a large disparity between the size of the long and short positions. the only way i can explain this is that shorting a commodity that can shoot up like bitcoin and is in limited supply is very risky, and, it is possible to go long with btc only on finex. So presumably large holders, early adopters can put down huge numbers of btc and go long without fear of ever being margin called significantly.

The other thing is a lot of the shorts are underwater and 12-13,500 were opened below 300. So the shorts have little room left. 11 million usd longs have opened all the way from 160 upwards in contrast.

Should be a titanic battle, and if the longs are successful it will definitively end the bear market keeping bitcoin down.
1213  Bitcoin / Meetups / Re: Birmingham Bitcoin Bitknaves Meetup on: April 06, 2015, 11:01:24 PM
i just randomly found this thread and live in brum

ill pop down to the meet.. Grin
1214  Bitcoin / Bitcoin Discussion / Re: BIP38 and metal bitcoin wallet solutions on: April 06, 2015, 10:53:49 PM
I have my coins in cold storage with addresses generated using bitaddress.org offline. I have AES encrypted digital copies of the key pairs and kept them on usb sticks using gpg. The private keys have never been on an internet enabled machine.

I am interested in purchasing a metal cold storage wallet for long term physical storage of my coins securely. I am worried about leaving the data on usb devices over many years in case it degrades.

Something which has caught my eye which is metal bitcoin wallets which are nigh on indestructible. They seem to use BIP38, which encrypts the private key with a passphrase and returns a 6P address and QR code which can be swept easily into modern wallet software once decrypted. This seems an elegant solution and cooler than a usb stick and messing around with gpg on a linux offline laptop.


My question is how can I get a BIP 38 encrypted private key from a private key I have generated using dice or a mycelium entropy?

Obviously as this is for cold storage funds it must be secure..

Thanks

EDIT: i would have thought this was possible with bitaddress.org but although i can enter dice rolls and keys into it, it wants to generate new key pairs before it applies the BIP38 encryption.

https://github.com/bitcoin/bips/blob/master/bip-0038.mediawiki - Here is the actual BIP it has alot of great information.

You could try using this JS Library: http://cryptocoinjs.com/modules/currency/bip38/

Code:
var Bip38 = require('bip38');
var privateKeyWif = '5KN7MzqK5wt2TP1fQCYyHBtDrXdJuXbUzm4A9rKAteGu3Qi5CVR'; //Your Private Key generated from Dicerolls
var bip38 = new Bip38();
var encrypted = bip38.encrypt(privateKeyWif, 'TestingOneTwoThree', "1Jq6MksXQVWzrznvZzxkV6oY57oWXD9TXB");
console.log(encrypted); // => 6PRVWUbkzzsbcVac2qwfssoUJAN1Xhrg6bNk8J7Nzm5H7kxEbn2Nh2ZoGg

Brilliant thanks. Surprised there isnt a precompiled binary with a checksum out there though. I can't be the first person to try this! Smiley
1215  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 06, 2015, 10:49:04 PM
If you want a very good read:

http://www.ofnumbers.com/wp-content/uploads/2015/04/Permissioned-distributed-ledgers.pdf



Reflects my view that distributed ledgers/consensus systems are part of the future.
Cryptocurrencies or 100% decentralized blockchains that depend on reward tokens like bitcoin, not so much  Wink

Why you here then wanderer. Wink
Because bitcoin is a part of the process, a necessary step  Grin


No but seriously, it's a very good read  Wink

ill read it tomorrow in the gym
1216  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 06, 2015, 10:34:22 PM
If you want a very good read:

http://www.ofnumbers.com/wp-content/uploads/2015/04/Permissioned-distributed-ledgers.pdf



Reflects my view that distributed ledgers/consensus systems are part of the future.
Cryptocurrencies or 100% decentralized blockchains that depend on reward tokens like bitcoin, not so much  Wink

Why you here then wanderer. Wink
1217  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 06, 2015, 10:29:53 PM
lel

another 500 k added.

25,392,128.49 USD


those delusional fuckers still buying on leverage.



Shorts at 27300..

Deluded shorters keep adding..new ATH

link to shorters url? please

Bfxdata.com

Go to BTC swap, historic, scroll down, chart of number of swap contracts (btc short). Make it all time and you can see that in the last four months shorting has gone absolutely berserk. In fact the drop down from 680 marked a new phase of aggressive shorting not seen before. Big players suppressing the price with retail jumping on for the ride. Now it is retail adding shorts as the price rises.

In contrast long swaps are high but 6million below the ATH.

1218  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 06, 2015, 09:48:46 PM
lel

another 500 k added.

25,392,128.49 USD


those delusional fuckers still buying on leverage.



Shorts at 27300..

Deluded shorters keep adding..new ATH
1219  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 06, 2015, 09:37:49 PM
you poor fuckers.

Nope, they are just poor lemmings who follow their pied piper, they do want to get rich doing nothing, hoping that their ruler will make them rich for free, poor souls...

How is clicking 'sell' doing something?
1220  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 06, 2015, 09:28:53 PM
lol tarmi

And less than 20 contracts from new shorts ATH
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