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

[maz]

I've heard Bitcoin related to Linux. Nerd only at the beginning but people have slowly increased it's usability and simplified it over time so that it's now a usable O/S by many non-nerds. I really hope Bitcoin doesn't take that long to reach masses with ease of use.

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[ChartBuddy]

[Richy_T]

It's not even really crypto that's needed. Here's how it could be done in Linux

Code:

$ echo To Da Moon >prediction.txt
$ md5sum prediction.txt
16c02065ecdd742048d78181dbbeae8d  prediction.txt

Then just post the md5.

I saw linux installed on a computer once in my life. md5sum ??

Something simpler please  

Simpler than two lines? Unpossible!

[Loozik]

If you use Microsoft Windows.  They have a free tool for it here, along with some instructions.
http://support.microsoft.com/kb/841290

Download FCIV, then run
FCIV -md5 -sha1 (path/filename)

If you post the hash (the result of running the FCIV program on the text file in which you write your prediction) then you can prove that the prediction is unchanged later when you choose to reveal what it was because people can check the hash and see that it was the same then as now.

Isn't Sha1 already cracked / broken / compromised?

[Richy_T]

No one has built even, say, an iphone app that lets you send bitcoin to friends with the "scary stuff" running in the background (interfacing w/ public keys, etc.).

I don't know about iphone but Android has had BitcoinSpinner for a long time and the developers have something even newer out there.

[Richy_T]

I saw linux installed on a computer once in my life. md5sum ??

Something simpler please  

http://www.pc-tools.net/win32/md5sums/

[ardana123]

I meant something like this:

Like a service that holds a wallet of bitcoin, allowing people to purchase bitcoins to immediately buy an item on the internet (this would be a service performed by the company itself). The trick is the customers wouldn't have to hold bitcoin, all they do is deposit money and order their stuff through the website. They would offer a variety of ways to deposit money, the difference is people wouldn't have to deal with the merchant selling the item or the inherent risks of bitcoin. The company itself wouldn't have to pay many fees because of the fact they work with bitcoin.

Merchants accepting payments in bitcoin from this company would have eliminated the need to subscribe to payment processors themselves. They can funnel the bitcoins through some exchange or some other service (like coinbase or bitpay with instant payout) the moment it hits their wallet. Truly frictionless buying/selling for both customers and merchants. The need for merchants to get payment processors like visa or mastercard would be eliminated. Ease of buying for the customer (not having to deal with different payment processors, fees or making several accounts on every website you buy something) and ease of selling for the merchants. The customer wouldn't even have to know they just dealt with bitcoin.

I know we have services already like bitsumo and bitspend (well we used to anyway), but they don't factor in the company selling the items. This would also eliminate paypal and their fee scheme, both for customers (exchange rate fees and transferring money fees) and merchants.

[Loozik]

I saw linux installed on a computer once in my life. md5sum ??

Something simpler please  

http://www.pc-tools.net/win32/md5sums/

I will get it checked by my IT buddy.

I will post the bottom prediction (date and price) hash maybe a quarter / month /week before.

[NewLiberty]

If you use Microsoft Windows.  They have a free tool for it here, along with some instructions.
http://support.microsoft.com/kb/841290

Download FCIV, then run
FCIV -md5 -sha1 (path/filename)

If you post the hash (the result of running the FCIV program on the text file in which you write your prediction) then you can prove that the prediction is unchanged later when you choose to reveal what it was because people can check the hash and see that it was the same then as now.

Isn't Sha1 already cracked / broken / compromised?

It is secure enough for this.  The chances of a non-technical person creating two files that can collide their hashes is not high.
But if you want to be even more provably truthful about your having made the prediction you can use sha256 if you like:

Code:

C:\Users\loozik>copy con prediction
bottom is 160^Z
        1 file(s) copied.


C:\Users\loozik>type prediction
bottom is 160
C:\Users\loozik>FCIV -md5 -sha256 prediction
//
// File Checksum Integrity Verifier version 2.05.
//
8b504cd67b545ff72c1ca99c9e17e04d prediction

C:\Users\loozik>

Then you can just post the hash: 8b504cd67b545ff72c1ca99c9e17e04d
And then later when you reveal the contents of the prediction file, we can all see that it was what it was when you made it.

[hlynur]

When will someone make a service that will truly revolutionize the way we use bitcoin? An app/webservice that would oversimplify the use of bitcoin, making it accessible to the common folk who don't want to spend time getting to know bitcoin. Also something that would mitigate the exchange risk/confirmations duration problem.

This is why I'm not a believer in the recent "mass adoption" rants. Bitcoin is still a bitch to get involved in for the computer illiterate and average Joe.

Who's talking mass adoption right now? The recent volley of good news only means relatively greater adoption than before, therefore relatively higher prices.

i think for the disruptive effect btc is representing for the current status quo of financial and economical system she's doing quite good.

Big companies not supporting because they profit much more from current system and already have a plan in their drawer for starting their own currencies in the future. (Apple, Amazon etc)
global community has to do it on their own. (if btc-code would have been patented instead of open source, we wouldn't have heard for decades about it)

[SheHadMANHands]

Weak hand capitulation continues.  A nice handle forms...   

[Richy_T]

I meant something like this:

Like a service that holds a wallet of bitcoin, allowing people to purchase bitcoins to immediately buy an item on the internet (this would be a service performed by the company itself). The trick is the customers wouldn't have to hold bitcoin, all they do is deposit money and order their stuff through the website. They would offer a variety of ways to deposit money, the difference is people wouldn't have to deal with the merchant selling the item or the inherent risks of bitcoin. The company itself wouldn't have to pay many fees because of the fact they work with bitcoin.

Merchants accepting payments in bitcoin from this company would have eliminated the need to subscribe to payment processors themselves. They can funnel the bitcoins through some exchange or some other service (like coinbase or bitpay with instant payout) the moment it hits their wallet. Truly frictionless buying/selling for both customers and merchants. The need for merchants to get payment processors like visa or mastercard would be eliminated. Ease of buying for the customer (not having to deal with different payment processors, fees or making several accounts on every website you buy something) and ease of selling for the merchants. The customer wouldn't even have to know they just dealt with bitcoin.

I know we have services already like bitsumo and bitspend (well we used to anyway), but they don't factor in the company selling the items. This would also eliminate paypal and their fee scheme, both for customers (exchange rate fees and transferring money fees) and merchants.

Two problems I see. In the first paragraph, you have destroyed a lot of the value of bitcoin. If you trust another service with your money, you may as well have filthy fiat. In the second paragraph, filtering to exchanges is not good for the Bitcoin economy. Better to keep it circulating (though this is not a good argument against implementing such a scheme).

I was thinking more of a service that would act as a payment processor for merchants, handling the billing functions and the (slightly complicated) attaching of payments to purchases and the multiple public keys required to do so reliably then funneling the payment into the merchants wallet (with optional escrow).

[Adrian-x]

Keep it crypto, dude. Type out your predictions, hash the message and post the hash here.

...
I don't even understand Bitcoin. I only trade it.

LOL
Children little - "the sky is falling" this cracked me up.

[adamstgBit]

It feels like it's crashing, thats cuz they want you to sell. We all know they want all the coins and a high price / coin, I have no doubt they will achieve this.  but they won't get my coins! my hand is strong i'm not folding, are you folding? why!!!


yes their is a conspiracy to get control of all our coins.
they hope that you cash them out to pay their debt.
encrypt your ass and refuse to pay!

[SheHadMANHands]

When others panic and sell at the bottom is when it's time to go long.  Already scooped up 2 more BTC from profit during this panic.    

Finger on the trigger.  

[Loozik]

LOL
Children little - "the sky is falling" this cracked me up.

Chill out, grandpa 

[Adrian-x]

LOL
Children little - "the sky is falling" this cracked me up.

Chill out, grandpa 

Is that you Walsoraj. If you not short Bitcoin and looking to get out PM me, I'll help.

we're good 

[Odalv]

I saw linux installed on a computer once in my life. md5sum ??

Something simpler please  

http://www.pc-tools.net/win32/md5sums/

I will get it checked by my IT buddy.

I will post the bottom prediction (date and price) hash maybe a quarter / month /week before.

http://www.xorbin.com/tools/sha256-hash-calculator
Just click "calculate hash"

[jojo69]

[derpinheimer]

WB 170's