Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Wary]

As has been said before, everything etherium can do, bitcoin can do - and then some.

Theoretically - yes. In practice - no. For example, developers of the Augur project (which is IMO one of candidates to be The Bitcoin Killer Application ) started implementing it in bitcoin. But had to switch to Ether.  Why?

Because "Bitcoin’s codebase isn’t really that well written: if you modify one thing, it breaks quite a few others ... Bitcoin is tightly coupled. What should have been a simple weekend project ended up taking a couple months to get everything working" http://www.augur.net/blog/why-ethereum

[Wary]

https://twitter.com/kncminer/status/631806510855667712

All companies in bitcoin ecosystem should do the same! 

Bitcoin Group miner (Australia-China-Iceland) is currently hiring in Australia, paying with bitcoins.

[ChartBuddy]

Coin
Explanation

[jbreher]

As has been said before, everything etherium can do, bitcoin can do - and then some.

Theoretically - yes. In practice - no. For example, developers of the Augur project (which is IMO one of candidates to be The Bitcoin Killer Application ) started implementing it in bitcoin. But had to switch to Ether.  Why?

Because "Bitcoin’s codebase isn’t really that well written: if you modify one thing, it breaks quite a few others ... Bitcoin is tightly coupled. What should have been a simple weekend project ended up taking a couple months to get everything working" http://www.augur.net/blog/why-ethereum

It sounds as if they are describing bitcoin as it consists of merely software. It is the protocol which is the important thing, no?

[Erdogan]

is this ETH serious ? i sold 1 BTC into it just in case.

scamcoin

sorry for your loss

This.
Not sure why would it be better than btc...

As has been said before, everything etherium can do, bitcoin can do - and then some.

Duh... selling 30K bitcoins just to ease their immediate hunger... what a waste!

[Erdogan]

Today the global markets are sinking because China is devaluating the Yuan, but bitcoin is very stable. I think this shows how there is very little connection between the bitcoin market and other markets.

Yep - the first devaluation should scare every chinese saver, and everyone who knew about bitcoin but had not jumped in yet, should do just that. But no. Nothing of that kind happened. There is a chinese wall between bitcoiners and the financial market!

[aminorex]

There is a chinese wall between bitcoiners and the financial market!

Which side claims John Searle?

[Wary]

As has been said before, everything etherium can do, bitcoin can do - and then some.

Theoretically - yes. In practice - no. For example, developers of the Augur project (which is IMO one of candidates to be The Bitcoin Killer Application ) started implementing it in bitcoin. But had to switch to Ether.  Why?

Because "Bitcoin’s codebase isn’t really that well written: if you modify one thing, it breaks quite a few others ... Bitcoin is tightly coupled. What should have been a simple weekend project ended up taking a couple months to get everything working" http://www.augur.net/blog/why-ethereum

It sounds as if they are describing bitcoin as it consists of merely software. It is the protocol which is the important thing, no?

That's why I said "Theoretically - yes". Of course, some good, well structured, loose-coupled bitcoin core software will be created. Eventually. But these guys are creating their product not eventually, but today. And today they have a choice - to create it on top of well written ether or on top of badly written bitcoin-core. The second option takes ten times more time and efforts, so they have to choose the first one. Yes, eventually bitcoin will fix this code problems. But it may be too late by then. If critical mass of applications would be build on top of something else rather than on top of bitcoin, this "something else" will go mainstream instead of bitcoin.

[ChartBuddy]

Coin
Explanation

[Karpeles]

One 5k market buy and we nearly hit 300.

I think we slowly lurch upwards.

I fear to ask where the price would end after a 5k sell order

[ChartBuddy]

Coin
Explanation

[JorgeStolfi]

ItBit Reveals Bankchain Project Won't Use Bitcoin

ItBit was licensed recently by Ben Lawsky to operate as a Trust, which, IIRC, gives it some advantages over ordinary exchanges in NY State  -- even if they get the NY BitLicense.

[medialab101]

One 5k market buy and we nearly hit 300.

I think we slowly lurch upwards.

I fear to ask where the price would end after a 5k sell order

Ummm.... somewhere around $261. Lot's of support until the bull-whale decides to pull his wall. However, it's been tested multiple times over the past weeks and seems to be real.

[JorgeStolfi]

Gemini starts inviting.

That is a fitting image for the price of bitcoin: floating in space, pegged to nothing... 

[Fatman3001]

i'm 28 working 9 - 5 programming a program that allows other poeple to program by connecting blocks together, wtf did you think i would look like?

[EsBitcoin.org]

Gemini starts inviting.

That is a fitting image for the price of bitcoin: floating in space, pegged to nothing... 

we should wait 3-5 years to see the moon :/

[pokeviktor]

Gemini starts inviting.

That is a fitting image for the price of bitcoin: floating in space, pegged to nothing... 

we should wait 3-5 years to see the moon :/

Now we are in darkness, but the Moon continue waiting for us.

[Erdogan]

There is a chinese wall between bitcoiners and the financial market!

Which side claims John Searle?

Don't know him, is on either side? The dark side, the outside...

[podyx]

Are we going under??

[Brewins]

Gemini starts inviting.

why aim to earth's moon when one can reach Jupiter's moon?