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

[Richy_T]

Ignoring for a moment the issues with full blocks and transaction fees what is the concern with current blocksize?

That surely can't be ignored. That's what's being utilised to throw all these power plays around.

In a way the attitude towards block space was introduced backwards. People got used to using it for the most piffling reasons, whereas perhaps they should've started off respecting it and figuring out the use cases from there.

No, wrong way around. Needs to be played around, experimented with and adopted first. Refinements can come later. It's only two days after Bitcoin Pizza day, let's not forget how important that was.

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[podyx]

Alts seems to be crashing like I thought.

ETH is still not coming down though which is a bit worrying. Probably just a stubborn bastard and it'll come down eventually.

[PoolMinor]

Ok guys, I have finally got my free CLAMS, so it was for real. Got 28 CLAMS for the six addresses I could find that were applicable. That's around 100€... Free money I love it

Btw, I used Just-Dice to do the claim as gentleman posted, after trying several times to sync the clam wallet to no avail.

After getting over the creepy feeling involved in extracting and send the private key, I did this also.
You know you don't need a CLAM wallet (and no need to sync) if you use shapeshift.io? If you leave the clam address empty, say 'withdraw', it makes a clam address for you to enter on the just-dice.com site...

Perhaps this is my tinfoil hat speaking but......aren't you worried about the "paper" trail you are submitting to this exchange of private key for CLAM? Much like when the Coca-Cola created this huge online photo album of people's faces in order to find their "doppelgangers," not for a huge facial recognition system instead.

[Richy_T]

Perhaps this is my tinfoil hat speaking but......aren't you worried about the "paper" trail you are submitting to this exchange of private key for CLAM? Much like when the Coca-Cola created this huge online photo album of people's faces in order to find their "doppelgangers," not for a huge facial recognition system instead.

Yeah, it would take a lot more to get me to divulge even my defunct private keys. Though bagels and tasty coffee might work.

[Richy_T]

lols on bitcoinity. Did anyone manage to get a screengrab of the nerd on the computer with money raining?

I'm going to have to work out how to capture when those are triggered. Shame there isn't an archive out there.

[JimboToronto]

How nice. A pleasant little $75 correction and most of the way right back up again.

That's the second proper correction in less than 6 hours.

No bubbles here. Now let's see another new ATH.

 

[SnokkomBTC]

love that song  https://www.youtube.com/watch?v=A7TuFy0fcuw

[Richy_T]

I think it's important at this time to spare a thought for those who got caught by the MtGox fiasco. They must be feeling sick as fuck about now. Also all those who erased, threw away or sold their hard-drives with early mined Bitcoins.

[Richy_T]

i have to walk to the local bank on a daily basis (part of my job). there are beggars sitting on the sidewalks. i always gave them change. since december, when price rise started to accelerate i decided to give em more as long as bitcoin is rising. not long ago i had to start handing out € 5 notes which raised some eyebrows. last week i switched to € 10 notes. they must really wonder what kind of freak i am, because next week i will start with € 20 bills and if this sucker keeps rising there are still € 50 and € 100 bills. not sure what price level must be reached until i pull out the € 500 bill. but i am commited.  

I can just see the headline -

600watt solves local homeless problem when they all overdose on their substance of choice.

[Richy_T]

How nice. A pleasant little $75 correction and most of the way right back up again.

That's the second proper correction in less than 6 hours.

No bubbles here. Now let's see another new ATH.

 

Looks quite wobbly at the moment. Could go either way but I think up.

[JimboToronto]

Looks quite wobbly at the moment. Could go either way but I think up.

Give it a little time.

[Richy_T]

Did we double btc use? Btc demand?

Probably. Between new demand worldwide (e.g. S. Korea, Brazil) and institutional interest due to legal changes in places like Japan and Australia,

demand is soaring.

Couple that with fixed supply of new coins and reluctance of holders to sell and you're bound to have rising prices.

My favorite local sources have already run out of coins.

We also had the halving. That was priced in at the time but it had to catch up sooner or later.

[harrymmmm]

Ok guys, I have finally got my free CLAMS, so it was for real. Got 28 CLAMS for the six addresses I could find that were applicable. That's around 100€... Free money I love it

Btw, I used Just-Dice to do the claim as gentleman posted, after trying several times to sync the clam wallet to no avail.

After getting over the creepy feeling involved in extracting and send the private key, I did this also.
You know you don't need a CLAM wallet (and no need to sync) if you use shapeshift.io? If you leave the clam address empty, say 'withdraw', it makes a clam address for you to enter on the just-dice.com site...

Perhaps this is my tinfoil hat speaking but......aren't you worried about the "paper" trail you are submitting to this exchange of private key for CLAM? Much like when the Coca-Cola created this huge online photo album of people's faces in order to find their "doppelgangers," not for a huge facial recognition system instead.

I thought about it, and couldn't see any problems. I was kinda worried that they didn't ask for a signed address instead of the stupid idea of asking for the private key tho.
They needed the btc address (to confirm I deserve the CLAM) - I don't see what extra info they get with the private key.

Did I miss something?

[Mervyn_Pumpkinhead]

I hope that BTC still has some juice left in it for couple of weeks. It has done wonders to more profitable and entertaining markets. These swings are the reason why the crypto market is worth it's time. Moved out of ETH again, and back into XRP. I hope this game won't end anytime soon..

[Holliday]

If there was an exchange I trusted, I believe I would slowly start selling a few coins at this point with the intentions of buying them back for less in the future.

Since no such thing exists, I can't do my small part to help flatten the spikes in the exchange rate, which I have been well trained to believe are inevitable at some point.

Oh well... I'll watch the rallies with nervous jubilation and endure the troll infested bear markets with quiet disgust... from over here, in my corner... all cozy in my straitjacket.

[Richy_T]

I wonder how NLC is doing.

Probably working on adding zeros to the Wiley coyote 280, 380, 480 GIF

[Richy_T]

I thought about it, and couldn't see any problems. I was kinda worried that they didn't ask for a signed address instead of the stupid idea of asking for the private key tho.
They needed the btc address (to confirm I deserve the CLAM) - I don't see what extra info they get with the private key.

Did I miss something?

You could perfectly well prove you have a private key by using it to sign something.

They are either lazy or there is some other angle.

[marcus_of_augustus]

Appears we are well into the exponential phase of the bull run. The doubling in the last 30 days means it is well advanced, without a significant correction around these levels (anywhere from here up to 3600) the blow off from here may be only a matter of 3-4 weeks of insane bull left, culminating in somewhere near $9588-10k target of luc's for the blow-off top for this adoption wave. Huge volumes of new money will keep flooding in until the doubling time-scale gets less than the time-scale for new entrants to enter the market (exchange delays, transfer processing delays will all be factors in limiting the ultimate flow rate of new money into the market that sets the lower limit on the final doubling-time scale) .... and then the infrastructure will receive it's best new market signal of what scale of hardware/software/support capacity roll-out it will need to sustain the next adoption wave (circa 2020 halving plus 9-12 months?), given that the size of the market demand is still relatively infinite compared with the current in situ infrastructure necessary to cope with the burgeoning growth of demand now being witnessed.

In the alternate case of a significant correction in the next 2-3 weeks then a new assessment will be warranted.

[deepcolderwallet]

love that song  https://www.youtube.com/watch?v=A7TuFy0fcuw

Bravo!

[PoolMinor]

Seeming rather loquacious now that you are back.