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

[peonminer]

Cryptsy dying a slow and painful death

http://www.coindesk.com/digital-currency-exchange/

There's something very "controlled demolition" about all of this. Paul Vernon was in army intelligence after all.

Fuck yeah, he jacked all the ignorant people. Probably gave all the leads each a 1K BTC .dat to shut the fuck up.

[marcus_of_augustus]

So for you anyone who is not totally understanding the technology is an idiot?

Well I'll join the long list of idiots. But you know what? I think there are far more users not understanding exactly how it works than users fully aware of all aspects. If all the "stupid users" as you say would dump their coins and leave the technology alone, bitcoin would actually die in a matter of seconds.

You all want adoption to become a bit more mainstream, but you can't take into account the fact that people might not want to spend 10 hours a week to understand how btc works, what's developped and what's going to happen...

you don't have to understand how it works ... do you have to pass Aerodynamics classes before you get on an airplane?

If bitcoin does what you want it to do for you, you should use it.

Simples.

[peonminer]

Who all thinks this is going to leak past $400? Can we get a new poll adam?

[DaRude]

Can't he say what he thinks?
I don't see anything wrong in what he's saying. BTC is really shady he's right on that. Users don't have any correct informations you can't deny that.

So after spending countless years of his life working with Bitcoin, a few months after his departure Bitcoin is dead? Please.   If you defend such a person you are not any better than him. Bitcoin is not that shady, especially not since there's no Silk Road equivalent. Stop your gibberish.

I don't understand the hate, he's someone who worked on btc and thinks it's a failure and warned people about it, is it a reason to hate him?

Because he's a paid bulldog who backstabbed the community with this article. Should we love him for it?  

not really news ... we already knew hearn is a bitcoin hater and saboteur, except for the NYTimes readers who will no doubt lap up Hucksters Hearn's soundbites for the sheeple

That is the problem of this story, NYTimes and the sheep that are going to believe this nonsense or defend him. It has already reflected itself on the price (incl. news about Cryptsy).

Seems we won't be able to discuss. You don't seem to understand the position of someone who is not informed. Most people don't have the time to spend hundreds of hours to understand exactly how everything works and who's in charge of what.

"You're not better than him if you defend Hearn" You don't understand. I don't know who he is, he just doesn't seem like somebody bad.

Bitcoin IS incredibly shady in the sense that normal people have no idea of what's happening, what's currently developped, who's in charge of what, what can or can't be done etc...
I'm not talking about drugs or anything that something else. I'm talking about how btc works and will evolve. You're all talking about "bitcoin core" "bitcoin XT" "forks" and things like that. I've no idea of what it is, and I'm an engineer which means i got some basis in science... So btc IS shady in the sense that a small percentage of users actually understand it.

He shouldn't have declared bitcoin as dead. And should NOT have said that he's selling all his bitcoins. There are good reasons why people in control are not allowed to do that on exchanges. Everything else he can vent as much as he wants

[sAt0sHiFanClub]

(Also, add to the list of this article's bullshit arguments: "Chinese miners are the reason we don't have bigger blocks". You can blame China's influence

I dont think he blamed them for causing the problem, I think he blames them for not having the balls to stand up to Blockstream and force the issue by adopting bigger blocks.  As he explained, it was down to this funny sense of 'loyalty' - which is commendable in principle but should never stop you from doing the right thing.

But I see why the miners did what they did - the "pig circus" that was 'Scaling Bitcoin' promised that something was going to be done, but instead became a simple delay tactic while convoluted, unworkable solutions were being hammered out in the background.

But time has now run out, as it has for XT, and miners are now taking a pro active stance on the matter. All they are waiting for is somebody credible to put an alternative solution in front of them - a solution tailored to their needs - and they will jump.  And that will be sooner than many here care to believe, and certainly too soon for alternative vaporware to become a reality.

[marcus_of_augustus]

Hearn forking, quitting, stamping is becoming like the  Chinese government ban announcements ... everyone of them designed to bring another price drop, but less effective than the last.

... hearnandresen will keep on forking and quitting and announcing and forking and quitting and announcing until the market simply ignores.

[sAt0sHiFanClub]

The elevator stopped working I think I'll take the window home today.

 

[orpington]

Can't he say what he thinks?
I don't see anything wrong in what he's saying. BTC is really shady he's right on that. Users don't have any correct informations you can't deny that.

So after spending countless years of his life working with Bitcoin, a few months after his departure Bitcoin is dead? Please.   If you defend such a person you are not any better than him. Bitcoin is not that shady, especially not since there's no Silk Road equivalent. Stop your gibberish.

I don't understand the hate, he's someone who worked on btc and thinks it's a failure and warned people about it, is it a reason to hate him?

Because he's a paid bulldog who backstabbed the community with this article. Should we love him for it?  

not really news ... we already knew hearn is a bitcoin hater and saboteur, except for the NYTimes readers who will no doubt lap up Hucksters Hearn's soundbites for the sheeple

That is the problem of this story, NYTimes and the sheep that are going to believe this nonsense or defend him. It has already reflected itself on the price (incl. news about Cryptsy).

Seems we won't be able to discuss. You don't seem to understand the position of someone who is not informed. Most people don't have the time to spend hundreds of hours to understand exactly how everything works and who's in charge of what.

"You're not better than him if you defend Hearn" You don't understand. I don't know who he is, he just doesn't seem like somebody bad.

Bitcoin IS incredibly shady in the sense that normal people have no idea of what's happening, what's currently developped, who's in charge of what, what can or can't be done etc...
I'm not talking about drugs or anything that something else. I'm talking about how btc works and will evolve. You're all talking about "bitcoin core" "bitcoin XT" "forks" and things like that. I've no idea of what it is, and I'm an engineer which means i got some basis in science... So btc IS shady in the sense that a small percentage of users actually understand it.

He shouldn't have declared bitcoin as dead. And should NOT have said that he's selling all his bitcoins. There are good reasons why people in control are not allowed to do that on exchanges. Everything else he can vent as much as he wants

Yeah, he kinda ends up sounding like a little crybaby. Unprofessional at least.

[flagpara]

So for you anyone who is not totally understanding the technology is an idiot?

Well I'll join the long list of idiots. But you know what? I think there are far more users not understanding exactly how it works than users fully aware of all aspects. If all the "stupid users" as you say would dump their coins and leave the technology alone, bitcoin would actually die in a matter of seconds.

You all want adoption to become a bit more mainstream, but you can't take into account the fact that people might not want to spend 10 hours a week to understand how btc works, what's developped and what's going to happen...

you don't have to understand how it works ... do you have to pass Aerodynamics classes before you get on an airplane?

If bitcoin does what you want it to do for you, you should use it.

Simples.

Yeah but what insurance do I have that it will work and not spoil me of the 2k$ I tranformed into btc?
Cause the airplane answered to multiple official tests and answers to international and national security norms.

What does btc answer to? Nothing.
And as I don't totally understand how it works and what's happening, I'm afraid of using it. And tempted to quit.

[peonminer]

When he said he sold all of his coins, he really just meant he opened up a short position XD smashing on the n00bz

[Elwar]

Well we did see that large movement of old coins a few days ago. Looks like it was Hearn.

Once less early adopter to worry about dumping a bunch of coins. Better for future prices.

[orpington]

Cryptsy, Hearn and the bitcoin flavor of the month issue are just preemptive strikes against the halving event. Bonne chance...

[ChartBuddy]

Coin



Explanation

[rich93]

Cryptsy dying a slow and painful death

http://www.coindesk.com/digital-currency-exchange/

There's something very "controlled demolition" about all of this. Paul Vernon was in army intelligence after all.

Paul Vernon had at least one contact in the Secret Service intelligence community. That Coindesk story says Cryptsy had a relationship with the former Secret Service agent Shaun Bridges who was sent to prison for money laundering. It will be interesting finding out what the relationship was.

The post also claimed that the company had a prior relationship with former Secret Service Agent Shaun Bridges tied to "an unrelated matter". Bridges was sentenced to five years and eleven months in federal prison in December following his conviction on obstruction of justice and money laundering charges.

[suda123]

Guys, crude oil is 29$s a barrel now cheaper then water.

[coins101]

Guys, crude oil is 29$s a barrel now cheaper then water.

mike hearn quitting bitcoin caused that too?

[orpington]

Cryptsy dying a slow and painful death

http://www.coindesk.com/digital-currency-exchange/

There's something very "controlled demolition" about all of this. Paul Vernon was in army intelligence after all.

Paul Vernon had at least one contact in the Secret Service intelligence community. That Coindesk story says Cryptsy had a relationship with the former Secret Service agent Shaun Bridges who was sent to prison for money laundering. It will be interesting finding out what the relationship was.

The post also claimed that the company had a prior relationship with former Secret Service Agent Shaun Bridges tied to "an unrelated matter". Bridges was sentenced to five years and eleven months in federal prison in December following his conviction on obstruction of justice and money laundering charges.

Paul Vernon
Intelligence Analyst
US Army
August 1991 – February 1999 (7 years 7 months)
Analyzed and disseminated intelligence data to Corps Commanders. Held a Top-Secret (SCI) Military Clearance. I routinely gave system and Intelligence briefings to 2, 3, and 4 Star Generals which would be directly used in their decision making process.

[lottery248]

Guys, crude oil is 29$s a barrel now cheaper then water.

mike hearn quitting bitcoin caused that too?

explicitly not, it is just regarding bitcoin AFAIK.

Guys, crude oil is 29$s a barrel now cheaper than water.

lmao, if the crude oil is cheaper than water, then every single investors in oil would be in jelly.
bitcoin this way is supposed to be increase in price, instead of rapid crashing. government needs to raise their reserve so they would gain ability to sustain their factories.

[orpington]

Cryptsy dying a slow and painful death

http://www.coindesk.com/digital-currency-exchange/

There's something very "controlled demolition" about all of this. Paul Vernon was in army intelligence after all.

Paul Vernon had at least one contact in the Secret Service intelligence community. That Coindesk story says Cryptsy had a relationship with the former Secret Service agent Shaun Bridges who was sent to prison for money laundering. It will be interesting finding out what the relationship was.

The post also claimed that the company had a prior relationship with former Secret Service Agent Shaun Bridges tied to "an unrelated matter". Bridges was sentenced to five years and eleven months in federal prison in December following his conviction on obstruction of justice and money laundering charges.

Always an "unrelated" matter

[spooderman]

Hearn has not lost my respect. He never had it in the first place.

A deeply immature person.