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Bitcoin / Bitcoin Discussion / Re: Overstock CEO Calls Bitcoin Code "Slop"
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on: June 23, 2014, 07:40:43 PM
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It does the job well enough and the single codebase supports a variety of build targets, but certainly doesn't adhere to SOLID principles. Some things I would like to see are - one class per file policy, zero tolerance of functional code in header files, breaking up of 4000 line main.cpp
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 13, 2014, 01:19:33 PM
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Now Bitcoin isn't trustless anymore. That's unfortunate.
Yeah true, so much true now sodl and gtfo, go play with wow gold. You are agressive, your life must sucks, I am sorry for you, I hope you will do better in the future. Oh I'm sorry did I scared you, I'm sorry I didn't mean to scare you, I'm not aggressive in nature, sorry again. So this is your 1st 51% incident is that true? That's not because it's not the first time that it's not very serious. Peter Todd is worry too: http://www.reddit.com/r/Bitcoin/comments/281ftd/why_i_just_sold_50_of_my_bitcoins_ghashio/Bitcoin cannot grow worldwide if its faith depend on the hypothetical good behavior of some human beings, the stakes are too high to afford to trust somebody. What surprises me is that 50% of this well known dev's stash comes to only 5 figures |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 04, 2014, 09:36:57 AM
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I control the private keys of my blockchain.info hot wallet and i don't have a big part of my bitcoins in this wallet. But i am not sure it is the case of 1.5 million users. I am sure a lot of them are not able to get their bitcoins if the site is down.
Exactly - and even if they did obtain their private keys, how many would find it straightforward to use bitcoin-qt.exe command line API or run the gauntlet with some other wallet app. |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: June 04, 2014, 08:42:12 AM
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It's not the first time blockchain.info has been down for a prolonged period. While they have awesome UI and reports, it seems like their stability and disaster recovery is letting them down. Not a good sign for the bitcoin ecosystem if the flagship website can't be relied upon especially in the era of distributed cloud based systems.
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Economy / Speculation / Re: What happened yesterday? (6/1/14)
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on: June 02, 2014, 01:12:32 PM
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It rocketed to 680 then dropped to sub 630. Was this market manipulation by day traders? Was it natural? Did something happen yesterday?
If you haven't realized it yet, there are people with large sums of bitcoins that are manipulating the price with pumps and subsequent dumps. I literally posted 5 minutes before the dump that it was going to dump. And it did. All I did was look at the last spike 3 months ago. Right around $680. And like clockwork .... I posted when it hit $680 .... and... This is being manually affected. Bitcoins real price is in the $450-500 range right now. Everything else is manipulation. -B- Good call. This whole explosive run up since 20 May looks totally engineered and it can be engineered in the opposite direction if those behind it can benefit. |
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Economy / Speculation / Re: Pump and dump.
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on: June 01, 2014, 09:57:05 AM
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Sorry, bitcoin does solve a problem for the masses! You use bitcoin to easily and securely send money to anyone in the world for very low cost!
Let's examine the competition:
Bank transfer (ACH/wire/SEPA/etc) - 3-4 business days + big fees
Personal check / money orders - mailing time + 3-4 days to clear + small fees (also your mail can be lost by carrier)
Cash - instant + no fee BUT you have to be in the same physical location. or take the risk of losing all by sending cash in mail
Paypal - instant, but expensive fees to receive money (i think like 2-3%). also paypal can freeze your money for whatever reason they want
Western Union / Moneygram - same day transfer + big fees
Bitcoin - instantly received, spendable within 30 minutes to 1 hr. transaction fee of roughly 5 cents
Yesterdays estimated BTC transaction volume was 80,000, but 4000 new BTC got mined. That's 5% + tx fees. |
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