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

[marcus_of_augustus]

Looks like Bitfinex security model for cold storage of Margined coins was changed to suit the CFTC legal rules

http://www.cftc.gov/idc/groups/public/@lrenforcementactions/documents/legalpleading/enfbfxnaorder060216.pdf

so gubmint fucked up bitcoin exchanges seem to be becoming the norm

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[Mrpumperitis]

LOL people are suggesting to pull an ETH/ETC style hard fork fix to the BTC chain... after the precedent that ETH and Vitalik have created... bad idea guys

lol yeap but they dont understand ...ETH can reverse a sngle transaction but even if btc wanted too , it cant unless every single transaction on entire blockchain get reversed

with >51% hashing power you could rebuild the chain EXACTLY as it was before, minus that TX that made bitfinex blow up
no HF required.
the core way.

If mETH taught us anything, greed always finds a way. I almost expect this to happen.

If mEth has taught me anything, its how much dif it is from BTC

[MinermanNC]

Remember Bitfloor? Remember MT Gox? Remember Moola? Remember Cryptsy? Remember … and never forget!!!!

People don't remember. That's the key factor for a security researcher to perform the attack. If there was no BTC, why would they do this?  

lol I remember!  

I still suspect an inside job of sorts....

[ImI]

LOL people are suggesting to pull an ETH/ETC style hard fork fix to the BTC chain... after the precedent that ETH and Vitalik have created... bad idea guys

lol yeap but they dont understand ...ETH can reverse a sngle transaction but even if btc wanted too , it cant unless every single transaction on entire blockchain get reversed

with >51% hashing power you could rebuild the chain EXACTLY as it was before, minus that TX that made bitfinex blow up
no HF required.
the core way.

If mETH taught us anything, greed always finds a way. I almost expect this to happen.

even with bitcoin miner being so "centralized" it requires to much coordination
51% hashing power cannot be bought.
we can dream about it, and think that ya maybe there's a way.
but it won't happen.

no dream, nightmare. you dont wanna see that backslash...

[Mrpumperitis]

LOL people are suggesting to pull an ETH/ETC style hard fork fix to the BTC chain... after the precedent that ETH and Vitalik have created... bad idea guys

lol yeap but they dont understand ...ETH can reverse a sngle transaction but even if btc wanted too , it cant unless every single transaction on entire blockchain get reversed

with >51% hashing power you could rebuild the chain EXACTLY as it was before, minus that TX that made bitfinex blow up
no HF required.
the core way.

If mETH taught us anything, greed always finds a way. I almost expect this to happen.

even with bitcoin miner being so "centralized" it requires to much coordination
51% hashing power cannot be bought.
we can dream about it, and think that ya maybe there's a way.
but it won't happen.

not really , what about every transaction that has happened with the hacked coins since the past few hours and maybe even before Bitfinex even knew they were hacked...the coins have prob moved several times to several dif wallets.

The two reasons eth could do it is, one there is a feature built in to the code and secondly the coins were locked for 35days slowing down the hacker.

[savetherainforest]

I went for a shower... missed all the fun...  

I see a lot of explosions happening... and 2nd degree burns... Run bears... run!!!

The Bears are eating like kings n drinking gin n juice...

I know...    ... I dumped too... But I count what I own in coins not fiat...   (*Edit:  Meaning I sit 90% of the time in coins.. and 10% in fiat.(*Edit2: And I never go to sleep holding fiat!))

[European Central Bank]

Definitely interesting to speculate the what ifs? lol that's what it would take

so bitfinex would not also screw their customers, they'd also screw the whole of bitcoin by setting an unacceptable precedent. I don't think everyone else should suffer because of their dumb moves and it kinda blows my mind that it's being discussed.

it would be a nail in the coffin for the idea that this thing's set itself up as but i can understand why it's being proposed. i hope no one caves all the same.

if it didn't happen with gox, even though that would've been impossible as it was all too messy, untraceable and elongated, then it shouldn't happen now.

[Mrpumperitis]

Definitely interesting to speculate the what ifs? lol that's what it would take

so bitfinex would not also screw their customers, they'd also screw the whole of bitcoin by setting an unacceptable precedent. I don't think everyone else should suffer because of their dumb moves and it kinda blows my mind that it's being discussed.

it would be a nail in the coffin for the idea that this thing's set itself up as but i can understand why it's being proposed. i hope no one caves all the same.

lol its not possible on btc

[BlindMayorBitcorn]

Definitely interesting to speculate the what ifs? lol that's what it would take

so bitfinex would not also screw their customers, they'd also screw the whole of bitcoin by setting an unacceptable precedent. I don't think everyone else should suffer because of their dumb moves and it kinda blows my mind that it's being discussed.

it would be a nail in the coffin for the idea that this thing's set itself up as but i can understand why it's being proposed. i hope no one caves all the same.

They'll be declaring bankruptcy any minute now. I'd put money on it.

[yefi]

Remember Bitfloor? Remember MT Gox? Remember Moola? Remember Cryptsy? Remember … and never forget!!!!

People don't remember. That's the key factor for a security researcher to perform the attack. If there was no BTC, why would they do this?  

There seems to be a general lack of consideration for counterparty risk among traders. Lenders especially will earn pitiful yearly returns, and behave as though it were a riskless investment.

[cmacwiz]

Remember Bitfloor? Remember MT Gox? Remember Moola? Remember Cryptsy? Remember … and never forget!!!!

I lost thousands on damn cryptsy! THOUSANDS of worthless doge

[Mrpumperitis]

Remember Bitfloor? Remember MT Gox? Remember Moola? Remember Cryptsy? Remember … and never forget!!!!

I lost thousands on damn cryptsy! THOUSANDS of worthless doge

i lost hundreds of thousands of cryptsy points too,lol

[adamstgBit]

the hacker obviously has some very good skills with le crypto..
sorry for deleting the post... call me crazy but i'd rather not have poeple pointing fingers at this time.

[Hyperjacked]

sup Pumpmister...

Guess we called that btc dump... 

[beastmodeBiscuitGravy]

Et tu adam?

It's public information ----> https://www.reddit.com/r/Bitcoin/comments/4vupa6/p2shinfo_shows_movement_out_of_multisig_wallets/d61qyaj

I think I know why tho... SFYL

[BlindMayorBitcorn]

Et tu adam?

Stabby stabby.

[USB-S]

[adamstgBit]

[savetherainforest]

How much did u lose? 

[Hyperjacked]

According 2 da poll it wasn't an obvious top...and u deleted numerous posts about why I thought it would go lower! Of course no one cares...