Rally!!!!!

[bumpk1nK]

was that it? Is there more rally to come?

[Amph]

was that it? Is there more rally to come?

it seems there are a little resistance at 250, we have stopped there for now, i'm waiting to see if this is a rally or a the usual dead cat bounce/exchange manipulation

[srgkrgkj]

was that it? Is there more rally to come?

it seems there are a little resistance at 250, we have stopped there for now, i'm waiting to see if this is a rally or a the usual dead cat bounce/exchange manipulation

i guess time will tell but 250 seems like a solid floor for now before we go either waty we are momentarily going under for a few secs at a time tho ...

[smith coins]

huge buy bumped up the price, but if you compare the up/down activity post buy to the up/down activity pre-buy, I don't see a huge difference...
I'm not ready to call rally yet.

[elux]

Go Canada!  

Here's what the Canadian Senate just put in the Bitcoin blockchain:

TEXT:
"Senate Banking Committee calls for light touch approach to regulation of Satoshi's invention"

DOCUMENT HASH:
81b43c71e2eea227655bd2cf8aba38e18613825bd82332903b1655ead135243d proof of existence

Corresponding to...

DOCUMENT
The Senate Banking Committee's report on digital currency

(background)

I'm a Canadian Bitcoin professional. A little while ago Decentral, where I work, was approached by a Senate staffer for assistance in placing a short message and a "proof of existence" into the blockchain on the release of their report about digital currencies. My colleague and I were happy to provide them with technical help. Today both that report and the blockchain message + proof of existence have been publicly released and included in block #361625, as can be verified at the above links.

(technical details)

In order to minimise blockchain bloat both the message and the document hash were embedded using OP_RETURN so that full nodes do not have to store the UTXO's in their mempool, as they are forced to with, for example, the aptly-named cryptograffiti approach. The use of OP_RETURN also ensures that these outputs can be pruned from disk storage by non-archival nodes in the future. Due to the small size permitted in OP_RETURN the message was split across three different transactions.
The document hash was embedded using the format from ProofOfExistence.com, though not through the site itself due to a need for clear association between the message and the document hash. To verify the proof of existence, download the file directly from the Senate link and hash it with the sha256 algorithm (for example using the "shasum" tool on linux). Compare the hexadecimal representation of the hash with the hexadecimal string located in the transaction at the "DOCUMENT HASH" link above (mouse over the "Proof of Existence" link on coinsecrets.org to see the hash). They should match!

(in plain language)

Mostly for fun, and partly as a nod to the community, the Canadian Senate has embedded the message "Senate Banking Committee calls for light touch approach to regulation of Satoshi's invention" as well as a short cryptographic "timestamp" that will prove to later viewers the document existed at this particular point in time and has not been changed since.
(more about the report)

As posted yesterday evening, this report is the one the Senate banking committee has been working on for quite some time, and in service of which Andreas Antonopoulos, along with many others, have testified before the committee. The conclusion reached by the committee seems to be a largely positive one, saying explicitly that the benefits of this technology outweigh the challenges it introduces and recommending a "light touch" in the regulatory department.

Edit:

Confirmation tweet from Senator Doug Black: https://twitter.com/DougBlackAB/status/611922954885165056

https://www.reddit.com/r/Bitcoin/comments/3aei7c/heres_what_the_canadian_senate_just_put_in_the/

Glorious!

[bitcoin1992]

That is a time when you can buy lots of bitcoins before the next rally starts and that price becomes an interesting

[elux]

Current thoughts of Marc Andreessen (on Bitcoin): https://soundcloud.com/a16z/a16z-podcast-taking-the-pulse-of-vc-and-tech-dan-primack-interviews-marc-andreessen#t=34:48

[elux]

Buy goods and services without a merchant,
place bets without a bookie,
buy insurance without an underwriter,
access finance and loans without a bank,
trade without an exchange,
purchase commodities without a broker,
create and enforce contracts without lawyers,
secure escrow without an agent,
gain internet access without an ISP,
securely store data without a hosting company,
verify records without a notary,
establish reputation and credit without a credit agency,
and create identity without a government.

https://youtu.be/IgETC2JMUBI?t=23m54s

[elux]

 #GRALLY!

http://www.bloomberg.com/news/articles/2015-06-27/greeks-line-up-at-banks-and-drain-atms-after-tsipras-calls-vote

[ajareselde]

gain internet access without an ISP,
.

https://youtu.be/IgETC2JMUBI?t=23m54s

Do you mind explaining this one  a bit more in detail ?
btw ~300 views doesnt show incentive that people are that interested, yet

 #GRALLY!

http://www.bloomberg.com/news/articles/2015-06-27/greeks-line-up-at-banks-and-drain-atms-after-tsipras-calls-vote

This, on the other hand, has much more potential in creating an actual rally.

cheers

[Hyena]

This, on the other hand, has much more potential in creating an actual rally.

cheers

248$ and increasing,

[WhatTheGox]

This, on the other hand, has much more potential in creating an actual rally.

cheers

248$ and increasing,

Yeah looks like we have another move up but we must break firstly $250 and next we need to break the highs of $260 after that if we make it past we'll probaly go right up to $300 without resistance.

[elux]

This, on the other hand, has much more potential in creating an actual rally.

cheers

248$ and increasing,

[spud21]

This, on the other hand, has much more potential in creating an actual rally.

cheers

248$ and increasing,

Yeah looks like we have another move up but we must break firstly $250 and next we need to break the highs of $260 after that if we make it past we'll probaly go right up to $300 without resistance.

There was a fairly big dump the last time we got near 260 but the price is slowly starting to creep up again. The next time we get near 250 there should be less profit takers prepared to dump. That should make it much easier to break above it the next time.

[EsBitcoin.org]

This, on the other hand, has much more potential in creating an actual rally.

cheers

248$ and increasing,

Yeah looks like we have another move up but we must break firstly $250 and next we need to break the highs of $260 after that if we make it past we'll probaly go right up to $300 without resistance.

There was a fairly big dump the last time we got near 260 but the price is slowly starting to creep up again. The next time we get near 250 there should be less profit takers prepared to dump. That should make it much easier to break above it the next time.

I think the same, be careful guys.

[Amph]

This, on the other hand, has much more potential in creating an actual rally.

cheers

248$ and increasing,

we were at above 250 some day ago, i'm not satisfied at all, i'll begin to be excited when we touch 260-275 range at least

[elux]

https://www.youtube.com/watch?v=1TmPU3ii_uE

[rjclarke2000]

https://www.youtube.com/watch?v=1TmPU3ii_uE

Looking at the price I think stavros has used the ATM.

[randy8777]

This, on the other hand, has much more potential in creating an actual rally.

cheers

248$ and increasing,

we were at above 250 some day ago, i'm not satisfied at all, i'll begin to be excited when we touch 260-275 range at least

people get happy just because the price went up a few bucks. that's sad. i get excited once we're over the $300 level. any movements below $300 aren't worth waiting for.

[Fakhoury]

This, on the other hand, has much more potential in creating an actual rally.

cheers

248$ and increasing,

we were at above 250 some day ago, i'm not satisfied at all, i'll begin to be excited when we touch 260-275 range at least

people get happy just because the price went up a few bucks. that's sad. i get excited once we're over the $300 level. any movements below $300 aren't worth waiting for.

Small movements gets bigger ones, patience my friend