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641  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 06:30:49 PM
http://arstechnica.com/business/2015/04/bitcoin-foundation-is-effectively-bankrupt-board-member-says/

Quote
The organization was founded in 2012 by a number of Bitcoin luminaries who have since fallen, and the group itself has been marred by controversy in recent months. Of its original five founders, one is now in prison (Charlie Shrem), another oversaw the collapse of the largest Bitcoin exchange (Mark Karpeles), and yet another has since left the United States for a Caribbean nation known for offshore banking (Roger Ver). Of the original board members, only Bitcoin lead developer Gavin Andresen has remained.

LMAO
642  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 05:06:05 PM

tarmi's right we can do it! ┗(0)┛



I want to see more bulls trapped actually.

 Cool

when i looked at the chart this weekend, my first thought was HAHAHA tarmi's gana be pissed!
but you seem ok,
kinda disappointed...

643  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 05:02:48 PM
stabilizing at 256 for a while would be cool.
644  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 04:50:50 PM

Yes. I watch that page all day long, now. But what impact could this new market have?



60 btc in bids?

well...

 Cheesy

...


come on bulls, you can borrow that million on bfx and push this to 265! you are almost there.

tarmi's right we can do it! ┗(0)┛
645  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 04:07:11 PM
The GBTC market could start trading any second. The question is if it's going to affect the price...

any second?

was there an announcement or are you just saying that.
646  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 07, 2015, 03:56:48 PM
The calm before the storm...

In which direction is the storm going to go?

32,000$
647  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2015, 08:46:16 PM
This guy makes good points (read the other posts also):



https://twitter.com/patio11/status/583697371378257920





Basically, bitcoiners don't know how remittances actually work.

the problem with all these stupid arguments is that they're all BS

the point is yesterday someone on the other side of the globe, paid me some BTC in exchange for some physical coins.

The transaction was instant, painless, and at no cost.

bitcoin works.
648  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2015, 08:12:07 PM
Who cares about miners? They have no vote and nothing to say.
Relevant are only the 3 till 5 admins/owners of the biggest mining pools. They decide.

no they don't

the moment they "decide" something stupid everyone leaves the pool

this is why i find it silly to say big mining pools are a threat to bitcoins decentralization

pools have to act how there users what them to act or they won't use that pool, the users have all the power.

649  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2015, 07:37:58 PM
illuminatis/templars/reptilians are accumulating, new world order is near

the new world order isn't near its happening, its a slow methodical day in day out gradual kind of change, hardly anyone takes a step back to and look at all the little changes creating the new world order right before your very eyes, it is happening right now. http://cointelegraph.com/news/113850/us-presidential-order-allows-the-state-to-confiscate-crypto-holdings-without-prior-notice

650  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2015, 07:09:47 PM

(It is only recently that the top 51% became all-Chinese.)

how do you figure that the top 51% of hashing is Chinese?
651  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2015, 06:34:19 PM
But with the price at 800 $/BTC, on the other hand, postponing the halving would give them ~500 M$ of extra revenue per year...
Yes but ONLY IF Bitstamp, Bitfinex, Bitpay, BTC-E, Second Market BIT, Winklevoss fund, etc accept these "Bitcoin"

The funds, and anyone who only holds bitcoins without moving them, can just wait for the outcome and then upgrade or not, as appropriate.

Like other active bitcoin users, the exchanges and payment processors will have to choose between upgrading their software and working only with the 25 M chain, or sticking to the 21 M chain and having all their coins frozen, until if and when the "attack" fails.   While trading inside each exchange could continue with no problems, all bitcoin withdrawals and deposits would be blocked.  For those companies too, switching (and urging clients to switch) should be a no-brainer.

it would not be a no-brainer, it would be a spectacular show

there would be a hotfix implemented within hours to ignore the attackers blocks until we can find his mining-bunker and blow it up to high heavens  
652  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2015, 06:23:48 PM
in any case, if one small group starts to mine this 25mill BTC bitcoin fork, it doesn't it mean everyone else can't continue to mine the original 21mill BTC bitcoin. And there would be HUGE incentive for poeple like me (highly invested but never got a miner) to get a miner and add hashrate to the original 21mill BTC bitcoin.

it would be like this massive cryptonic-hashrate-cyber war
fucking wonderful!

I discussed that "attack" at length in another thread.  It will be a small group of half a dozen miners, but it will have more than half of the global hashpower.  WIth that power they can still profitably mine the 25 M chain and jam the original one so that it becomes unusable and un-mineable. 

So, for the individual miner, he either joins the cartel on the 25 M chain, and keeps earning as much BTC as before, or keeps mining the old chain, and has all his blocks orphaned by the cartel jamming.  For the typical miner, switching should be a no-brainer.

Moreover, each client who has N coins on the original chain will get another N coins on the 25 M chain, accessible through teh same keys, whether he wants them or not. So each client can upgrade his software (at any time, before or after the fork) and use his coins, or refuse to upgrade and have his coins blocked until if and when the "attack" fails.  On the other hand, if he upgrades and the attack then fails, his coins will still be there on the 21 M chain, unspent.  Again, for the typical user, the decision to upgrade should be a no-brainer.

first no one comes close to having 50% of the network hashrate https://blockchain.info/pools

second they would need 101% of the network hash rate 50% dedicated to securing their BS version of bitcoin, and the other 50% dedicated attacking the one and only true Bitcoin.

third the great-massive-online-cryptonic-hashrate-cyber-war would make Bitcoins hashrate double overnight.

forth, who's to say we wouldn't come up with a defence against such an attack ( lets all agree to ignore BS blocks coming from the attacker )

lastly, everyone would sell there BS version of bitcoin BTC never to reinvest at any price, because we would CRUSH THEM.
653  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2015, 05:42:16 PM
You speak in what if's with little knowledge of the subject or that mater what "miners" want. No alts for starters...  A larger block size would solve transaction limits as was the original intent.

Did you read the posts?

Adam wrote that it was so difficult to get consensus on even trivial changes like increasing block size, imagine on postponing the halving.  I just pointed out that the miners will have no monetary gain with larger blocks, but would have a huge one with the postponement.

Last time I checked, the top 4-6 miners had more than 51% and were all in China.  Do we know what they may want?  

Since that "attack" would not be risk free, the top miners will not want to risk it unless they have much more than 51%.  Also, if the price more than doubles before that, say 800 $/BTC by early 2016, they would probably regain a comfortable profit margin and may be happy with it.

But with the price at 800 $/BTC, on the other hand, postponing the halving would give them ~500 M$ of extra revenue per year...

in any case, if one small group starts to mine this 25mill BTC bitcoin fork, it doesn't it mean everyone else can't continue to mine the original 21mill BTC bitcoin. And there would be HUGE incentive for poeple like me (highly invested but never got a miner) to get a miner and add hashrate to the original 21mill BTC bitcoin.

it would be like this massive cryptonic-hashrate-cyber war
fucking wonderful!

654  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2015, 03:55:00 PM
what you describe is a scenario that would = me pulling out what I have in BTC and investing it back into other areas.

it would be the end of BTC as we know it, and then it would be something else.

Like many many have said before, try it...

The bitcoiners who can understand the risk say so, obviously because they have no other hope to cling on.  But what about all those Chinese day-traders, drug buyers, currency remitters -- would they just give up on bitcoin too?  Would Coinbase and all other bitcoin business shut their doors -- or will they side with the majority miners, and reasure clients that the change is harmless, really?

Of course and my government could decide to tax me at 90% on my earnings as of tomorrow too.

Not many decades ago, revenue tax used a progressive schedule whose brackets did not stop at 35% (or whatever is now the top rate).  People with higher incomes paid as much as 60% tax on their earnings.  I don't know whether some made it to the 90% bracket of higher.  But the point is that no human decision is impossible, not even 90% tax on earnings.

(By the way, the reason we are seeing increasing concentration of wealth now is that the progressive revenue tax was abolished (in Reagan's time, or perhaps earlier), and there are so many tax exemptions that only the richest can use.)


its hard to reach consensus on some technical detail like block size limit, you think all the miners/devs are going to agree to fuck with the inflation rate and kill bitcoin as we know it...

655  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2015, 03:41:10 PM
wow shorts are actually increasing....

you'd think they'd cover knowing its going to be >300 in <2weeks
656  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2015, 02:45:09 PM

Quote
4) Bitcoin is not a a traditional investment, and  also the release of new coins is not endless, it is very specific and known values, known by all in advance. No surprises here.

10% yearly monetary base inflation, with nothing but some drug & CP bazaars for underlying economy, is pretty ridiculous.  No, no surprises there, I agree.


lets not forget about the coins i offer for BTC
...

Adam tries to do business with fellow Bitcoiners.  Gets robbed Sad

...
he got the letter and claimed it had nothing but the bitcoin business cards which i use to protect the coins in transport, I not sure what happened there, so i gave him a refund.

Next time be more careful, Adam.  These people can't be trusted--a veritable viper pit here Angry

you should of seen how badly i got owned when i sold these through ebay/paypal
657  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2015, 02:22:06 PM

Quote
4) Bitcoin is not a a traditional investment, and  also the release of new coins is not endless, it is very specific and known values, known by all in advance. No surprises here.

10% yearly monetary base inflation, with nothing but some drug & CP bazaars for underlying economy, is pretty ridiculous.  No, no surprises there, I agree.


lets not forget about the coins i offer for BTC

https://bitcointalk.org/index.php?topic=368598.0

when you buy a coin from me you know I do not convert BTC payments to my local currency.
658  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2015, 03:54:31 AM
Hey bears, still borrowing bitcoins so you sell them?

Cheesy
lmao that one's really good
659  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2015, 03:29:04 AM
how long am I going to have to wait??? huh?

660  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 03, 2015, 03:17:02 AM
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