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Question: Is this the last time Bitcoin will be below $9,000?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21688459 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (147 posts by 36 users deleted.)
Rosewater Foundation
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November 08, 2017, 12:48:32 AM

From Kurt Vonnegut:

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We are trapped in the amber of the moment. There is no why.

and so it goes
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November 08, 2017, 12:51:59 AM

From Parity developer Jutta Steiner:

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It was the wallet library contract that suicided. Not the wallets themselves where the funds sit. So, wallets lost the info how they should operate, in particular how funds can be withdrawn.

sounds like a hoot

Ethereum is like the Rube Goldberg machine of cryptographic solutions designed to solve a problem that doesn't exist and no one really cares to solve anyway. Outside of providing fuel to pump ICO and MLM Ponzi scams, I'm not even sure why it exists at all.
Rosewater Foundation
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November 08, 2017, 12:55:25 AM

From Parity developer Jutta Steiner:

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It was the wallet library contract that suicided. Not the wallets themselves where the funds sit. So, wallets lost the info how they should operate, in particular how funds can be withdrawn.

sounds like a hoot

Ethereum is like the Rube Goldberg machine of cryptographic solutions looking for a problem that doesn't exist.

"Because it was defined as a contract, it had an uninitialized owner variable. Someone initialized that variable as themselves and killed the contract. This contract contained underlying code for the actual multisig wallets. Killing this basically killed the functionality for these wallets."

srsly wtf are they doing over there with their money??
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November 08, 2017, 01:07:22 AM

I'm not even sure why it exists at all.

^^^

Seriously.

It's practically controlled by one guy.

I'm somewhat glad that I just fundamentally "don't get" Ethereum.
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November 08, 2017, 01:10:29 AM
Last edit: November 08, 2017, 01:22:25 AM by Heater

I just watched this video where Jimmy Song says 2018 will be the year of the Bitcoin fork, similar to how 2017 was the year of the ICO.

The only problem is, after the SWx2 fork I don't see any more forks on the horizon.

What we need is a service like https://build-a-co.in/ to make it easier for any noob to create a Bitcoin fork. The user would only need to enter a name and desired start date. It would generate everything you need - a wallet app, a professional looking promotional website, announcement thread, Reddit forum, twitter account, emails to the major exchanges to get them on board - you know - all the usual bells and whistles.

It's obvious from the Bitcoin Gold attempt that these guys need some help.
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November 08, 2017, 01:12:47 AM

I just watched this video where Jimmy Song says 2018 will be the year of the Bitcoin fork, similar to how 2017 was the year of the ICO.

The only problem is, after the SWx2 fork I don't see any more forks on the horizon.

What we need is a service like https://build-a-co.in/ to make it easier for any noob to create a Bitcoin fork. The user would only need to enter a name and desired start date. It would generate everything you need - a wallet app, a professional looking promotional website, announcement thread, Reddit forum, twitter account, emails to the major exchanges to get them on board - you know - all the usual bells and whistles.

It's obvious from the Bitcoin Gold attempt that these guys need some help.

I guess Bitcoin Cobra is next. Shiny new POW Shocked
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November 08, 2017, 01:19:24 AM

I just watched this video where Jimmy Song says 2018 will be the year of the Bitcoin fork, similar to how 2017 was the year of the ICO.

The only problem is, after the SWx2 fork I don't see any more forks on the horizon.

What we need is a service like https://build-a-co.in/ to make it easier for any noob to create a Bitcoin fork. The user would only need to enter a name and desired start date. It would generate everything you need - a wallet app, a professional looking promotional website, announcement thread, Reddit forum, twitter account, emails to the major exchanges to get them on board - you know - all the usual bells and whistles.

It's obvious from the Bitcoin Gold attempt that these guys need some help.

Were you around when Linux was first taking off in the early 2000s? Literally, fly-by-night shoddy companies were popping up everywhere with their own proprietary Linux kernel versions and their own flavors of Linux. Everyone claiming to be the "one true Linux" and trying to take over the core Linux dev team. FUD about Linus Torvalds dev team was constantly flying, chaos was everywhere. HP, Microsoft and Apple were scared shitless, and eventually lost the server market (but sort of "won" the desktop).

All the late comers and crap devs/hacks eventually failed. Open Source Linux kernel eventually reigned supreme.

I don't see all this Bitcoin fork crap as any different. History repeats.
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November 08, 2017, 01:21:39 AM

I just watched this video where Jimmy Song says 2018 will be the year of the Bitcoin fork, similar to how 2017 was the year of the ICO.

The only problem is, after the SWx2 fork I don't see any more forks on the horizon.

What we need is a service like https://build-a-co.in/ to make it easier for any noob to create a Bitcoin fork. The user would only need to enter a name and desired start date. It would generate everything you need - a wallet app, a professional looking promotional website, announcement thread, Reddit forum, twitter account, emails to the major exchanges to get them on board - you know - all the usual bells and whistles.

It's obvious from the Bitcoin Gold attempt that these guys need some help.

Why call them bitcoin forks and not ...altcoins. I mean after dogecoin it was all about the altcoin boom. It's just that after tampering with the parameters, they also changed the "brand". There are plenty of altcoin generators for this kind of stuff.

As for Bitcoin Gold, well:

-BCH launched and changed one thing: The difficulty adjustment. The one thing they changed, is broken and has to be forked again to fix it...
-Segwit 2x is absolutely reckless and irresponsible: No replay protection...
-Bitcoin Gold guys wanted to add but don't even know how to build a replay protection...

Who in their right mind would even care for this type of crap? BTC has plenty of good devs to support it as it moves forward. The other coins are amateur-ish (at best). And that's why BTC will be king...
bitcoinPsycho
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THE NEXT 24 YEARS ARE CRITICAL🍄💊


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November 08, 2017, 01:25:43 AM

looking at the 2 hour optimism chart it very clear to me that we're going up again an should hit $7300 in the next few hours(also go litecoin go)

$8k USD/BTC by end of November.

$12k will not surprise me

bring it on
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November 08, 2017, 01:29:38 AM

looking at the 2 hour optimism chart it very clear to me that we're going up again an should hit $7300 in the next few hours(also go litecoin go)

$8k USD/BTC by end of November.

$12k will not surprise me

bring it on

Attack!
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November 08, 2017, 01:39:53 AM

I am thinking the price is going to skyrocket in the next few days:
- There is a lot of cash on the exchanges right now, everyone is waiting to buy the dip that will never happen due to the support from genuine new demand
- A lot of people want to get their coins off the exchanges before the fork & before the exchanges freeze transfers - so that they control the private keys to both sides of the fork - coins on exchanges are going to be in very short supply at the time of the fork
- If there is a significant loss of hash power blocks could take up to 50 mins - this would slow down the resupply of coins on the exchanges. The price will be jaw dropping once we are past the fork but there are no bitcoins to be found anywhere.

Sorry for all the people waiting for the dip to $2k - it ain't going to happen.
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November 08, 2017, 01:41:34 AM

https://techcrunch.com/2017/11/07/a-major-vulnerability-has-frozen-hundreds-of-millions-of-dollars-of-ethereum/?ncid=mobilenavtrend
Quote
One high-profile company impacted is Polkadot, a project to link private-public blockchains that raised over $140 million in a token sale and was started by Parity co-founder Gavin Wood. Polkadot confirmed its wallets have been frozen and TechCrunch understands that 60 percent of its ICO raise is potentially affected.

I guess in this instance the dog is getting to eat his own vomit ...
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November 08, 2017, 01:44:36 AM

looking at the 2 hour optimism chart it very clear to me that we're going up again an should hit $7300 in the next few hours(also go litecoin go)

How the hell are you making these perfect predictions???

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November 08, 2017, 01:45:58 AM

looking at the 2 hour optimism chart it very clear to me that we're going up again an should hit $7300 in the next few hours(also go litecoin go)

How the hell are you making these perfect predictions???



7300 Confirmed!
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November 08, 2017, 01:48:38 AM

I thinking the price is going to skyrocket in the next few days:
- There is a lot of cash on the exchanges right now, everyone is waiting to buy the dip that will never happen due to the support from genuine new demand
- A lot of people want to get their coins off the exchanges before the fork & before the exchanges freeze transfers - so that they control the private keys to both sides of the fork - coins on exchanges are going to be in very short supply at the time of the fork
- If there is a significant loss of hash power blocks could take up to 50 mins - this would slow down the resupply of coins on the exchanges. The price will be jaw dropping once we are past the fork but there are no bitcoins to be found anywhere.

Sorry for all the people waiting for the dip to $2k - it ain't going to happen.


Now that it's a scenario I can see happening.
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November 08, 2017, 02:52:45 AM

derp really is cyclical.
Some mustard-head just accidentally locked $180m in ETH in a buggy Parity multi-sig wallet.

https://www.reddit.com/r/btc/comments/7bdlv6/a_kid_just_accidentally_nuked_180m_poking_around/

Comment a bit below Cheesy

Quote
07/Nov/2017 @VitalikButerin on brink of second bailout for dumb contracts



LOL?

I'm not suprised to see this happening. ETH looks great on paper but is a huge mess.

Rootstock and simplicity offers a much more solid smart contracts solution. Rootstock comes to Bitcoin after the 2x shitshow is over.
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November 08, 2017, 03:04:19 AM

looking at the 2 hour optimism chart it very clear to me that we're going up again an should hit $7300 in the next few hours(also go litecoin go)

How the hell are you making these perfect predictions???

Seriously dude, I need your crystal ball for lambo purposes.
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November 08, 2017, 03:19:28 AM

https://techcrunch.com/2017/11/07/a-major-vulnerability-has-frozen-hundreds-of-millions-of-dollars-of-ethereum/?ncid=mobilenavtrend
Quote
One high-profile company impacted is Polkadot, a project to link private-public blockchains that raised over $140 million in a token sale and was started by Parity co-founder Gavin Wood. Polkadot confirmed its wallets have been frozen and TechCrunch understands that 60 percent of its ICO raise is potentially affected.

I guess in this instance the dog is getting to eat his own vomit ...

The new Constantinople upgrade should unfreeze these funds. Too bad, having that many tokens off the market could have been bullish for them; were it not for the meddling of their pesky benevolent dictator.
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November 08, 2017, 03:23:30 AM

<snip>

Were you around when Linux was first taking off in the early 2000s? Literally, fly-by-night shoddy companies were popping up everywhere with their own proprietary Linux kernel versions and their own flavors of Linux. Everyone claiming to be the "one true Linux" and trying to take over the core Linux dev team. FUD about Linus Torvalds dev team was constantly flying, chaos was everywhere. HP, Microsoft and Apple were scared shitless, and eventually lost the server market (but sort of "won" the desktop).

All the late comers and crap devs/hacks eventually failed. Open Source Linux kernel eventually reigned supreme.

I don't see all this Bitcoin fork crap as any different. History repeats.

Yes, I was. I erased my last FAT32 partitions for Redhat in 1999. Remember the Santa Clara Operation (SCO Linux)? The lawsuit with Novell? It was pretty much the last gasps of the old school trying to compete with the new.

Sort of like now.
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November 08, 2017, 03:26:42 AM

Also, dont listen to Jbreher, he just a bigblocker who loves centralization while copy pasting all kind of stuff.

Well, that is just a funny assertion.

I'll admit to being a 'bigblocker', whatever that is (when S1X can consume 4MB for 1MB worth of transactions, is that a 'bigblocker'? somehow no).

But 'loves centralization'? Make the case - put up or shut up. For you are wrong.

'Copy pasting'? I challenge you to find a handful of sentences I have copy pasted. Really, fuckface* - find the evidence and post it.

* stated in the most loving manner. Well, the most deserving of someone who randomly asserts false crap about me. Fuckface.
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