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1081  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 07, 2015, 04:11:04 AM

Do you also come up to strangers in the street and press money into their hands?

I do it all the time, and they usually thank me  Wink

Just found it weird she reacted with such rage. Maybe folks here are correct and she is the anti-bitcoin spammer.

... looks likely, she has risen to the troll bait like a bitch on heat ... if lambie was anyone else it would have been just more fluffy pony show
1082  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 07, 2015, 04:04:01 AM
Quote
Why 4x? Well, 0.12 just made transaction validation like 7x faster I believe with libsecp256k1. The impact on relay, there are technologies that have been discussed earlier like IBLT and weak blocks. So segwit fixes malleability ,allows more Script upgrades, allows fraud proofs, allows pruning blocks for historical data, improves bandwidth usage for light nodes and historical sync, and it's P2SH compatible for old senders so that non-upgraders can still send funds. This gives us time for IBLT and weak blocks to develop, so that we can see whether the relay and propagation stuff can have time to work.

http://diyhpl.us/wiki/transcripts/scalingbitcoin/hong-kong/segregated-witness-and-its-impact-on-scalability/

I think even the worst of the big-blocker-or-bust have to stfu and think before looking very stoopid now.

meritocracy means you don't get a say unless you are the best ... sit down at the back of the bus until you get a clue.
1083  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 07, 2015, 02:30:22 AM
Quote
Are you still raging about that?? Try to relax.  https://twitter.com/izakaminska/status/672901456274595840

1st world problems seem to be a particular affliction of self-obsessed female financial reporters no doubt ... what next, the cost of make-up, hand-bags or shoes?
1084  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: December 07, 2015, 12:45:05 AM
Tehehe:   https://www.reddit.com/r/btc/comments/3vpb0u/think_bitcoin_20_is_a_good_idea_had_dreams_of/

(I await the wall of [deleted] when people start realizing how embarrassing their comments are...)

Well played!   Grin

So much gold in the original post, which foretells the coming of myriad altcoins, shapeshift, and atomic cross-chain transfers.

Piling every proof-of-work quorum system in the world into one dataset doesn't scale.

Bitcoin and BitDNS can be used separately.  Users shouldn't have to download all of both to use one or the other.  BitDNS users may not want to download everything the next several unrelated networks decide to pile in either.

The networks need to have separate fates.  BitDNS users might be completely liberal about adding any large data features since relatively few domain registrars are needed, while Bitcoin users might get increasingly tyrannical about limiting the size of the chain so it's easy for lots of users and small devices.

Fears about securely buying domains with Bitcoins are a red herring.  It's easy to trade Bitcoins for other non-repudiable commodities.

If you're still worried about it, it's cryptographically possible to make a risk free trade.  The two parties would set up transactions on both sides such that when they both sign the transactions, the second signer's signature triggers the release of both.  The second signer can't release one without releasing the other.
BitDNS, for anybody who hasn't been following, was implemented as Namecoin.

It is ideally suited to decentrally store/anchor data of all types, not just DNS, ID and TLS cert . types. Everyone climbing on to the "blockchain' bandwagon has missed that storage of data can ideally already be done in Namecoin, with security of hashpower a good percentage of Bitcoin's through merge-mining. If these gold-rushers had just spent a fraction of their bloated VC budgets on supporting Namecoin development then they have a ready made blockchain data storage ... just have to wait for them (free market) to catch up conceptually, but alas sometimes one wonders if they ever get tired of going off on tangents. Fees aligning with costs is the key.
1085  Bitcoin / Press / Re: [2015-12-06] Why Bitcoin Makes an Ideal Reserve Currency on: December 06, 2015, 11:35:08 PM
From its inception in 2009, Bitcoin spent its first five years in obscurity before coming to light. Seven years down the line, it is the most sought after digital currency. Even though Bitcoin is now a widely recognized cryptocurrency, it is still an alternate currency used by less than one percent of the world population.

http://www.newsbtc.com/2015/12/06/why-bitcoin-makes-an-ideal-reserve-currency/

I would place at bitcoin user numbers somewhere less than 7 million ... that's less than 0.1% of the world's population. In the end however, for bitcoin to be considered not an alternate currency it will not be number of users but total wealth value bitcoin is utilised by, i.e. top 0.1% of population controls vast majority of wealth.
1086  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: December 06, 2015, 11:25:34 PM
Tehehe:   https://www.reddit.com/r/btc/comments/3vpb0u/think_bitcoin_20_is_a_good_idea_had_dreams_of/

(I await the wall of [deleted] when people start realizing how embarrassing their comments are...)

... that thread is an eye-opener. Who knew the disconnect in understandings is that large?
1087  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: December 06, 2015, 11:23:10 PM
I am quite positive that we are in an uptrend now.

Things seem to be moving slowly but the quick rise from 250->500 proved that BTC is not tamed. The superspike will be crazy Wink

Yes thats my thoughts too.

Bitcoin seems more and more obviously turned bullish, in large part in anticipation of the upcoming halving but other factors influencing it too of course.

Trend is bullish

https://www.tradingview.com/x/1EBsiEaf/


define crazy spike, please.
I see possible end of 2015 at ~$600 (with $620-640peak)
If so, it will be setting up very similarly to 2012, projecting spikes in 2016.
If spikes will happen, i see a first one in about April-May to $3000, followed by a plunge to $1000 or a bit below, then a superspike in the fall to $10000, maybe more.

yes, sounds appropriately crazy.
1088  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 06, 2015, 10:39:03 PM
Far right in America gets Trump ... meanwhile in France the far right gets ... Marion







 Roll Eyes
1089  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 06, 2015, 10:11:45 PM
... and still the BearStomp goes on, sigh .... when will that place kick those anti-bitcoin bums out?

Eh. I'd be a bit more grateful: the only (semi) relevant exchange left where volume isn't distorted by zero-fee bots, and price forms pretty lines because: no margin cascades Cheesy

... that's what they might want you to think but the tape has been painted masterfully at the Bear Stamp since July 2014.
1090  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 06, 2015, 09:40:40 PM
... and still the BearStomp goes on, sigh .... when will that place kick those anti-bitcoin bums out?
1091  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 06, 2015, 09:18:18 PM
bitcoin really looks bullish to me.
will be much higher (600 dollar plus) before the halfing in my opinion.

i've held this opinion for a while now ... easily at 600 before halving and then new ATH $1200 on or around halving (+/-4 months)
1092  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 06, 2015, 09:14:19 PM
if we avg an increase of 1/4th of a percent per day we will be at 32,000$ in ~2years

average growth rate of the utility value of the bitcoin network, as per Metcalfe's law
1093  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 06, 2015, 08:13:40 AM

BearSwamp is such a cesspit ... probably they are bust from that hack and like Gox trying to keep thing going long enough hoping to trade their way of the crap hole they are in ... or until they get another bitcoin reserve audit from Mike Hearn?
1094  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2015, 05:33:46 AM
Quote
what's nonsensical is the FED printing billions a month to support the US stock market and the USD is STILL considered gold

The Federal Reserve debt note scheme is the mother_of_all pyramid schemes ... nothing like it, in vastness and pervasiveness, has been witnessed before in all history.

It is literally the biggest scam ever devised in humanity's history.
1095  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2015, 04:14:11 AM


shorts getting lured in
1096  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2015, 02:17:43 AM
and now i'm selling again  Grin

you are becoming the Janet Yellen of the bitcoin ... head-faking and jaw-boning the markets.
1097  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2015, 12:21:17 AM
Gotta be honest here...what do the Bears think they see here?

We are going much higher...when the composite operator drops the bomb and takes out the stops!

cheers Cool


Maybe so many are jaded and/or spoiled over nearly two years of a bear market - expecting the continuation of such downward price manipulations and ongoing failures to really rally?

... snip

Maybe at some point I'll drink some cognac and fat finger this thing...


ummm, we're still talking about bitcoin price here and not something else?
1098  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 04, 2015, 11:57:19 PM
Off-topic but...

https://twitter.com/CanadianPM/status/672876862419378177

What a time to be alive !!!  Grin

hes going to sell his pot for 25$ a gram!
and no volume discount.
i'm disappointed.


legalised, regulated, taxed pot still means a thriving black market of unregulated, untaxed pot ... enter bitcoins
1099  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 03, 2015, 07:44:43 AM
hmm, could be the beginnings of some spikiness near, stilletos? ... sold out bulls getting bit nervous about getting back in?
1100  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: December 03, 2015, 07:39:26 AM
I'm curious why Charlie Lee has not been able to knock some sense into Brian Armstrong.



edit: actually I'm not.


There is a possibility that Armstrong wants to change leadership to root out the cypherpunk element. He might view it against his interests as someone who favours a cooperative  approach to working with government.

From his perspective getting rid of cypherpunks could make Bitcoin sellable to government and wall street, that is the environment he comes from.

When Maxwell implements things like Coinjoin and privacy, some people will simply see it as harder to sell to government and therefore bad for business. Actually Mike Hearn said something very similar about Coinjoin.

I dont know if he thinks like that but I am sure a lot of people do.


... not only is such thinking in denial of the philosophical roots of the technology they are also technically ignorant of the possibilities inherent in the underlying mathematics.

Do they seriously think they can control human thought, curiosity and invention with mere "governance" or "authority"? That would be sociopathic behaviour.

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