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

[Elwar]

It looks like this forum is dead. Reddit is also dead. Where did everyone go?

To a place where you gormless Gavinistas are not welcome and cannot follow us...  

It's just that I remember there used to be lots of actual new ideas presented on bitcointalk and now it's mostly idle speculation.

I think people are a bit exhausted by the intensity and stupidity of some of the core/xt arguments in here of late.

Also, people are paid to post here. Not by some Chinese government but by signature campaigns. And they do so ad nauseam.

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[ChartBuddy]

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[Searing]

It looks like this forum is dead. Reddit is also dead. Where did everyone go?

To a place where you gormless Gavinistas are not welcome and cannot follow us...  

It's just that I remember there used to be lots of actual new ideas presented on bitcointalk and now it's mostly idle speculation.

I think people are a bit exhausted by the intensity and stupidity of some of the core/xt arguments in here of late.

Also, people are paid to post here. Not by some Chinese government but by signature campaigns. And they do so ad nauseam.

my problem with all this is the egos of the devs....my way or the highway ..so now we have numerous proposals etc all with backers...etc
so will they cooperate or not ..i mean techie types are cooperative on projects right ..it does not have always go 'their way' right?

I mean what could go wrong a bunch of early adopters of bitcoin in 2009 fighting over code that millions of dollars and the crypto universe
staying open source or not riding on this ..er what could go wrong right? (still think put them in a room and the one that can 'slap fight' the best wins)

[Fatman3001]

my problem with all this is the egos of the devs....my way or the highway ..so now we have numerous proposals etc all with backers...etc
so will they cooperate or not ..i mean techie types are cooperative on projects right ..it does not have always go 'their way' right?

I mean what could go wrong a bunch of early adopters of bitcoin in 2009 fighting over code that millions of dollars and the crypto universe
staying open source or not riding on this ..er what could go wrong right? (still think put them in a room and the one that can 'slap fight' the best wins)

IDK, they're nerds. Might take longer than just reaching consensus.

[ChartBuddy]

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Explanation

[dre1982]

Preev.com says $244. Where is that price based on? I don't see it here in this topic.

[LMGTFY]

Preev.com says $244. Where is that price based on? I don't see it here in this topic.

Apparenty they use the average of four exchanges - including localbitcoins.com. If you click on the settings icon (the cog at the top right) you can select one exchange - localbitcoins is showing $360ish (ouch!)

I don't really understand why people include localbitcoins in things like this - it's not an exchange and it really confuses things.

[CEG5952]

I'm currently monitoring prices from ecoin.eu trading platform.

http://www.ecoin.eu/en/arbitrage/index

[dre1982]

Preev.com says $244. Where is that price based on? I don't see it here in this topic.

Apparenty they use the average of four exchanges - including localbitcoins.com. If you click on the settings icon (the cog at the top right) you can select one exchange - localbitcoins is showing $360ish (ouch!)

I don't really understand why people include localbitcoins in things like this - it's not an exchange and it really confuses things.

Ok thanks for the explanation. it is indeed weird that localbitcoins is included. I will check it out by default.

[HI-TEC99]

Preev.com says $244. Where is that price based on? I don't see it here in this topic.

Apparenty they use the average of four exchanges - including localbitcoins.com. If you click on the settings icon (the cog at the top right) you can select one exchange - localbitcoins is showing $360ish (ouch!)

I don't really understand why people include localbitcoins in things like this - it's not an exchange and it really confuses things.

What volume does localbitcoins have? I cannot believe its got more volume than BTCChina or Bitstamp. If they averaged the price based on both volume and price I suspect localbitcoins would barely make any difference to the average price between exchanges. There's no point using Preev.com to get a reliable average price until they change their averaging method. If they made that minor change they would get far more page views than they do now.
  

[LMGTFY]

What volume does localbitcoins have? I cannot believe its got more volume than BTCChina or Bitstamp. If they averaged the price based on both volume and price I suspect localbitcoins would barely make any difference to the averahe price between exchanges. There's no point using Preev.com to get a reliable average price until they change their averaging method. If they made that minor change they would get far more page views than they do now.
 

About a third of Bitstamp's volume: localbitcoins.com vs bitstamp.

IMO, it's not just the volume, it's also the OTC-nature of localbitcoins, and that there are two types of trade - online and face-to-face (with the latter having a much larger spread). Totally agree with you about averaging - if preev.com limited itself to exchanges, and took volume into account, it'd be useful.

[ChartBuddy]

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[ChartBuddy]

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[Andre#]

What volume does localbitcoins have? I cannot believe its got more volume than BTCChina or Bitstamp. If they averaged the price based on both volume and price I suspect localbitcoins would barely make any difference to the averahe price between exchanges. There's no point using Preev.com to get a reliable average price until they change their averaging method. If they made that minor change they would get far more page views than they do now.
  

About a third of Bitstamp's volume: localbitcoins.com vs bitstamp.

From the charts you refer to:

Volume of Localbitcoins Bitstamp: 1.5 million BTC
Volume of Bitstamp Localbitcoins: 0.3 million BTC

I wouldn't call 0.3 a third of 1.5. It's a fifth.

[ChartBuddy]

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[gentlemand]

LBC is important but not very viable to set a price by. There's an awful lot of variables in play.

[LMGTFY]

About a third of Bitstamp's volume: localbitcoins.com vs bitstamp.

From the charts you refer to:

Volume of Localbitcoins: 1.5 million BTC
Volume of Bitstamp: 0.3 million BTC

I wouldn't call 0.3 a third of 1.5. It's a fifth.

You've got me! I wasn't paying too much attention and just gave the charts a cursory look. Either way, it's still more than I expected but much less than Stamp and Finex.

[ChartBuddy]

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Explanation

[JorgeStolfi]

Face it, Gavin fucked up! He should have stayed in as benevolent dictator. Wladimir isn't a leader, he is a follower. Now he's trying to follow the crowd. And the crowd are looking for leadership. The ship is adrift.
.

It may be sacrilege to compare the two, but I cannot avoid thinking of that time when Apple fired Steve Jobs.

[BlindMayorBitcorn]

It looks like this forum is dead. Reddit is also dead. Where did everyone go?

To a place where you gormless Gavinistas are not welcome and cannot follow us...  

O hai again!

Big blocks and Tor

I think I first heard this objection to a larger maximum block size from Peter Todd, Chief Scientist of ViaCoin