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

[el_rlee]

Does anybody know why the volume on btcchina is so low the last days?

[1715085237]

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[1715085237]

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[1715085237]

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[JimboToronto]

lawl

 

ROFLMAO

 

hahahahahaha

  

hohohohohoho

 

This thread.

 

[macbook-air]

Does anybody know why the volume on btcchina is so low the last days?

DDoS

[bitcodo]

SR has one problem right now: It's not really possible to order anonymously when all exchanges require verification, tricks like mixing and choosing the transaction output address don't really help. (Courts can get a warrant for transaction data off the exchanges)
The only real solution is zerocoin which, quite frankly would be better off being implemented in an altcoin.
I don't expect SR to go under because of this, the money flow just has to come from OTC and similar mechanisms.

Seems NSA is watching bitcoin transaction already.

... Monitoring SWIFT

The classified documents show that the intelligence agency has several means of accessing the internal data traffic of the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a cooperative used by more than 8,000 banks worldwide for their international transactions. The NSA specifically targets other institutes on an individual basis. Furthermore, the agency apparently has in-depth knowledge of the internal processes of credit card companies like Visa and MasterCard. What's more, even new, alternative currencies, as well as presumably anonymous means of payment like the Internet currency Bitcoin, rank among the targets of the American spies....

  from http://www.spiegel.de/international/world/how-the-nsa-spies-on-international-bank-transactions-a-922430.html

[molecular]

What we need is for a half dozen exchanges to pop up, driven firstly by customer demand and I think that a shared p2p online order book protocol is the way to go.

ripple?

[Coinseeker]

What we need is for a half dozen exchanges to pop up, driven firstly by customer demand and I think that a shared p2p online order book protocol is the way to go.

ripple?

Which is going open source this month, with rumors of ZipZap integrating too.  If that's true...that's huge!

[el_rlee]

Does anybody know why the volume on btcchina is so low the last days?

DDoS

Never had a problem reaching the site.

[Walsoraj]

I spy some mighty sells. Looks like we crashin today.

 

[nanobtc]

Mtgox trading engine lag: 3m 58s

[Patel]

I spy some mighty sells. Looks like we crashin today.

 

why you so happy about it

[Miz4r]

I spy some mighty sells. Looks like we crashin today.

 

why you so happy about it

Can't you guess? He sold his coins way earlier at a much lower price.

[prophetx]

Not
so
much
...

EM, what do you honestly expect to happen with bitcoin in the next 3-5 years?

Mtgox and/or Bitpay might be gone, SR still kickin but lots of competition from alts and technical problems.
I expect the Bitcoin community to be composed of Internet Libertarians for the entirety of the Project. It will be all about "spreading the word" still.

sr is here to stay unless dpr gets nabbed, but another would pop up in 48 hours

mtgox is already a zombie exchange

bitpay will either remain or get bought out by bigger players

SR has one problem right now: It's not really possible to order anonymously when all exchanges require verification, tricks like mixing and choosing the transaction output address don't really help. (Courts can get a warrant for transaction data off the exchanges)
The only real solution is zerocoin which, quite frankly would be better off being implemented in an altcoin.
I don't expect SR to go under because of this, the money flow just has to come from OTC and similar mechanisms.

Yeah, gox is pretty much undead. This could go on for a long time still...

I don't think that bitpay will stand up to scrutiny. They have been messing around on the exchanges (according to their own admission) with their clients and VC money. When the shit hits the fan on Gox there will be a lot of long faces there once they realize how much of their money was in gox accounts.

yes, but regarding bitpay if they do screw up someone will buy them for the accounts, even if it is on the cheap

[prophetx]

I spy some mighty sells. Looks like we crashin today.

 

i have been waiting patiently for your prediction to come true, single digits by friday as you said lol

[derpinheimer]

 Damn it, sells just barely missed my bid.. Only $15  lower 

[chufchuf]

Not
so
much
...

EM, what do you honestly expect to happen with bitcoin in the next 3-5 years?

Mtgox and/or Bitpay might be gone, SR still kickin but lots of competition from alts and technical problems.
I expect the Bitcoin community to be composed of Internet Libertarians for the entirety of the Project. It will be all about "spreading the word" still.

Trillions of dollars are stacked offshore, what on the earth's buttcrack makes you think bitcoin can't hold 1 measly billion of that?

SR has one problem right now: It's not really possible to order anonymously when all exchanges require verification, tricks like mixing and choosing the transaction output address don't really help. (Courts can get a warrant for transaction data off the exchanges)
The only real solution is zerocoin which, quite frankly would be better off being implemented in an altcoin.
I don't expect SR to go under because of this, the money flow just has to come from OTC and similar mechanisms.

If you really think you're being tracked because your god's gift to earth, tricks like using a different proxy for another address, OTC and mixing... aren't quite going to cause a run back to the national money thing.

[molecular]

SR has one problem right now: It's not really possible to order anonymously when all exchanges require verification, tricks like mixing and choosing the transaction output address don't really help. (Courts can get a warrant for transaction data off the exchanges)

I fail to see how mixing doesn't help. As long as the buyer launders the coins he sends to SR and encrypts his delivery address to the sellers key it seems to me he is anonymous (except to the seller, of course).

[S3052]

probably this thread could merge into an overall orderbook and wall tracker

bitstamp has more volume now and there is one 3000 btc bid wall left. if this falls.. good night bitcoin for a deeper fall

[N12]

How are your Litecoins going btw?

Actually, MtGox has more volume again now on the 24h. Same game as always, MtGox takes the lead when overall volumes surge.

[S3052]

How are your Litecoins going btw?

the litecoin pattern looks more bullish than the bitcoin chart pattern right now.

[molecular]

SR has one problem right now: It's not really possible to order anonymously when all exchanges require verification, tricks like mixing and choosing the transaction output address don't really help. (Courts can get a warrant for transaction data off the exchanges)

I fail to see how mixing doesn't help. As long as the buyer launders the coins he sends to SR and encrypts his delivery address to the sellers key it seems to me he is anonymous (except to the seller, of course).

I thought SR had a mixing service.

Yes, well... SR can be used to launder money because of that (similar to Mike Gogulskis bitcoinlaundry), but it might still be possible to identify SR receiving addresses (a big pool). One could then start identifying people who sent money to SR (for whatever purpose). I'm not sure wether this counts towards those peoples anonymity being compromised. I think not, but maybe that's what Mucus means?

If he means "delivery address revealed to public or authorities" then that's easily shown to not be possible as long as pgp does it's job and the buyer encrypts his address.