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

[MatTheCat]

Huobi down?

Down for some....I haven't been able to get into my account for the past 90 minutes, until just then...

Huobi not reporting any volume on bitcoinwisdom for past 90 minutes (until just then), and then all of a sudden, bitcoinwisdom gets a volume history of all the BTC traded on Huobi, whilst nobody could get access to it......

....definitely not FAKE voluime though....as if the Chinese would try to FAKE BTC trades.....a laughable notion!

Edit: Right....just tried to make a trade on Huobi and I am STILL fkn locked out of it......whilst the exchange pumps.....something very fishy about the behaviour of this place the past few days.....(and it is undeniably, the market leader)

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[BlindMayorBitcorn]

@BJA Tim Swanson wrote a paper about how adding exogenous value onto a network that cannot detect and dynamically protect the exogenous value is a bad idea. It was hard to disagree.

The metacoins and colored coin projects listed above unquestionably increase the social value
of the chain, yet they do not proportionally incentivize security beyond the existing block
reward (seigniorage) subsidy.  This could lead to an economic incentive to attack the chain, a
type of fat tail risk that could dramatically impact any layer residing on top of the Bitcoin
network.

I guess I would have thought that would have been self-evident for anybody that pondered the prospect with any seriousness.

So racist.

whaaaat!?

Because we were both ripping on colored coins... Dumb joke.

[jbreher]

http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

What the heck does a decades-old report on a theoretical centralized digital cash system have to do with anything?

[Cconvert2G36]

Full blocks and rising fees... settlement network here we come, gentlemen.

[BlindMayorBitcorn]

http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

What the heck does a decades-old report on a theoretical centralized digital cash system have to do with anything?

[ChartBuddy]

Coin



Explanation

[BitcoinVSfiat]

Dump it hard baby! I need to buy moar.

[r0ach]

What happens to people who are on welfare or government paid housing for poor people if hyperinflation occurs?

All signs point to deflationary collapse.  The govt will then print endless trillions to try and stop it, but none of the money will circulate in local economies.  I'm not really sure what happens at that point.  I'm guessing a mixture of both. Some things will be getting pumped to the moon while others deflate in price.

It seems like the excess printing would eventually have to spill over to the normal economy, but you can probably collapse before that happens, so their printing basically does nothing in that case.

[flagpara]

Dudes this some scary nazi  shit   
http://www.newsbtc.com/2015/12/21/danish-government-wants-to-seize-jewelry-and-cash-is-bitcoin-the-solution/

WTF? WHAT THE ACTUAL FUCK???
Danmark is supposed to be a civilized country!
"Hey dude, you know those people coming from a 4500km far country by feet? Fleeing death, war and horrible poverty? Let's take the few things they may have been able to bring with them. It will help them integrate our society better."

With France becoming a fucking dictatorship, where can I flee? ><
The world is going down so fast...

[marcus_of_augustus]

People, get on this, it is a possible gamechanger for bitcoin and other digital assets! (therefore speculation is also a proper channel)

It's a professional HFT exchange for digital assets targeting the really large customers like Hedge funds and governments. It's almost ready for launch, and they want to make some buzz. You can support it and get your name on their dedicated backers thank you page while receiving free trade fees. It's not because they need the money, but because they want to spread the word. So please do.

Here is the support page on startjoin:https://www.startjoin.com/DAXP

An their web page: http://www.blockex.com/about/ - as you can see there are professinal bankers, and John Matonis (Bitcoin foundation leader) on the list of Advisors.

Have they got any good hackers on their side ... or will it just be a buggy DDOS crapped-up exchange?

[JayJuanGee]

Monkey vision:  Drop towards 390 support intraday, rising trend to continue thereafter on a daily basis, and over the weekend.

You know this is wrong

Monkey now sees at least one week downtrend, 362 support.

Sounds like monkey must have not gotten the memo, or maybe monkey was too busy eating bananas rather than buying BTC back last month when he had several opportunities... or maybe monkey failed to accumulate BTC during a large majority of 2015 while BTC prices were mostly below $300?     

Monkey needs to lay down the crack pipe and get the "monkey" off his back...

wait..."who is Monkey"?

In recent times, I had been getting feelings that either monkey is trolling, or monkey had been smoking, as you suggested, some really messed up shit.

in other words, not very solid advice coming from da monkey.

[ChartBuddy]

Coin



Explanation

[Ducky1]

People, get on this, it is a possible gamechanger for bitcoin and other digital assets! (therefore speculation is also a proper channel)

It's a professional HFT exchange for digital assets targeting the really large customers like Hedge funds and governments. It's almost ready for launch, and they want to make some buzz. You can support it and get your name on their dedicated backers thank you page while receiving free trade fees. It's not because they need the money, but because they want to spread the word. So please do.

Here is the support page on startjoin:https://www.startjoin.com/DAXP

An their web page: http://www.blockex.com/about/ - as you can see there are professinal bankers, and John Matonis (Bitcoin foundation leader) on the list of Advisors.

Have they got any good hackers on their side ... or will it just be a buggy DDOS crapped-up exchange?

No, these are professionals, and it will be a wall street grade exchange. A whole new ballgame.

TECHNOLOGY
The core of the BlockEx Platform is a Pooled Liquidity Exchange with a lightning-quick High-Frequency matching engine, designed for trading Digital Securities; the new breed of asset class born out of Crypto Currencies . Built to meet the needs of traditional banking institutions, governments, retail trading firms and retail traders; engineered and secured by leading banking security experts.

They have all the funding they need, but want to spread the word as I said.

This just might be the napster moment for crypto.

[ChartBuddy]

Coin



Explanation

[ErisDiscordia]

http://www.space.com/31420-spacex-rocket-landing-success.html

Elon just got himself an immediate $16 million pay day (reusable first stage) and long term big prospects for much cheaper space transport.

exciting development for sure, this is a big step forward in space travel!

[julian071]

http://www.blockex.com/jobs/

"If you see yourself as a talented software engineer who enjoys innovation wants to broaden their horizons we would love to hear from you" [SIC, also a period is missing at the end of the sentence]

I hope they'll pay more attention to detail when handling large sums of money, for their sake....

[ChartBuddy]

Coin



Explanation

[kevin08]

Huobi down?

The last trades I can see were four hours ago. If it's not a ticker bug then it's bad news for Houbi traders. Thankfully for them the price hasn't been overly volatile during the lat four hours. If there's a pump or a dump while it's down they might get wiped out.

[Elwar]

So...it seems there is some consensus on the blockchain upgrade.

https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011865.html

Capacity increases for the Bitcoin system

Our recent and current progress has well positioned the Bitcoin ecosystem
to handle its current capacity needs. I think the above sets out some
clear achievable milestones to continue to advance the art in Bitcoin
capacity while putting us in a good position for further improvement and
evolution.

TL;DR:  I propose we work immediately towards the segwit 4MB block
soft-fork which increases capacity and scalability, and recent speedups
and incoming relay improvements make segwit a reasonable risk. BIP9
and segwit will also make further improvements easier and faster to
deploy. We’ll continue to set the stage for non-bandwidth-increase-based
scaling, while building additional tools that would make bandwidth
increases safer long term. Further work will prepare Bitcoin for further
increases, which will become possible when justified, while also providing
the groundwork to make them justifiable.

   

• Very soon libsecp256k1 will be used for verification, which speeds up initial sync time by 400%-700% and reduces CPU load for all full nodes.
• A segregated witness softfork will be done ASAP (within 3-6 months, probably). This will at least double the effective transaction capacity (ie. it is equal to or better than BIP 102), and at the same time it will provide features important for safely scaling even more in the future.
• There will not be any hardfork for at least the next ~year.
• To pave the way for scalable hardfork max block size increases (which will eventually be necessary), and because it is already dearly needed, improved block/tx broadcasting technology such as weak blocks and IBLT will be implemented, hopefully soon after SegWit.
• The BIPs necessary for efficient deployment of Lightning are already in the pipeline and should be rolled out in 2016. Lightning will allow for almost all of the security, features, and decentralization of Bitcoin transactions while drastically reducing the number of on-blockchain transactions that each individual will need to perform. This is expected to be the real eventual solution to scaling.

[becoin]

   

• Very soon libsecp256k1 will be used for verification, which speeds up initial sync time by 400%-700% and reduces CPU load for all full nodes.
• A segregated witness softfork will be done ASAP (within 3-6 months, probably). This will at least double the effective transaction capacity (ie. it is equal to or better than BIP 102), and at the same time it will provide features important for safely scaling even more in the future.
• There will not be any hardfork for at least the next ~year.
• To pave the way for scalable hardfork max block size increases (which will eventually be necessary), and because it is already dearly needed, improved block/tx broadcasting technology such as weak blocks and IBLT will be implemented, hopefully soon after SegWit.
• The BIPs necessary for efficient deployment of Lightning are already in the pipeline and should be rolled out in 2016. Lightning will allow for almost all of the security, features, and decentralization of Bitcoin transactions while drastically reducing the number of on-blockchain transactions that each individual will need to perform. This is expected to be the real eventual solution to scaling.

Excellent!
Exactly my vision.