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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25464949 times)
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Rosewater Foundation
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February 27, 2018, 03:15:33 AM

TIL: Bitcoin was originally to have an issuance of 42 million. But the outer Satoshi team changed it to 21
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"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
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HI-TEC99
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February 27, 2018, 03:17:02 AM


mewn


This particular dinosaur chart pattern gives a clearer indication of where the price is heading. The yellow bit is next.


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February 27, 2018, 03:19:58 AM

On the fate of Satoshi's stash:

Quote
I told (2) and (3) that I'd obliterated all Bitcoin related material from my end and that they should do the same on their end.

"You what !" (2) asked. "How many bitcoin did you just delete ?"

"The value was worth about $40,000 US dollars when I deleted the file," I said.

"You didn't have to delete them," (2) said. "Just encrypt them and store on a USB stick. No-one would've been able to access them."

"The types of folks who are hunting us would not care whether they can access them of not," I said. "They just need to see that we've got something to hide and that it's Bitcoin-related. The governments around the globe have been locking up folks on suspected-aiding-terrorism charges and throwing the key away. I had to make sure there was absolutely nothing on my computers that showed I had any idea what Bitcoin or crypto was. I even deleted the crypto stuff I'd picked up during my assembly language days."


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February 27, 2018, 03:21:15 AM
Merited by yefi (1)

I hope none of you are actually believing anything you are reading.
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February 27, 2018, 03:22:03 AM

On the fate of Satoshi's stash:

Quote
I told (2) and (3) that I'd obliterated all Bitcoin related material from my end and that they should do the same on their end.

"You what !" (2) asked. "How many bitcoin did you just delete ?"

"The value was worth about $40,000 US dollars when I deleted the file," I said.

"You didn't have to delete them," (2) said. "Just encrypt them and store on a USB stick. No-one would've been able to access them."

"The types of folks who are hunting us would not care whether they can access them of not," I said. "They just need to see that we've got something to hide and that it's Bitcoin-related. The governments around the globe have been locking up folks on suspected-aiding-terrorism charges and throwing the key away. I had to make sure there was absolutely nothing on my computers that showed I had any idea what Bitcoin or crypto was. I even deleted the crypto stuff I'd picked up during my assembly language days."



That link is even wordier than JJG. Can you tl;dr me about what this is exactly so that I'll feel motivated to read it some time?
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February 27, 2018, 03:22:45 AM
Last edit: February 27, 2018, 03:41:58 AM by HI-TEC99

I wonder if popcorn futures are rising due to continuous Bitcoin drama.

I would totally trade a popcorn futures based coin merge mined with Bitcoin drama.

November 2016:


And yet two years later they'll buy Poloniex. You know, just in case.  Wink

I'm wondering how they will handle the ownership transition, and what happens if they get hacked half way through. Someone claims that all poloniex's $1 billion worth of ripple are in its hot wallet. Who takes the blame if that gets hacked during the ownership transition?
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February 27, 2018, 03:23:06 AM

I hope none of you are actually believing anything you are reading.

You mean to imply it's fiction?
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February 27, 2018, 03:24:11 AM

I hope none of you are actually believing anything you are reading.
Some people would not believe everything they read. But only the most sophisticated would never believe anything they read. Roll Eyes
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February 27, 2018, 03:24:28 AM

Scronty on forks:

Quote
"You can't do that," (2) said. "There can only be one code base for Bitcoin. We can't have two or more versions of the Bitcoin protocol."

"The system is designed so that it expects anyone and everyone to create their own version of the Bitcoin protocol," I said. "And the protocol that succeeds is the one where all of the various versions come to a consensus on parts of it and not a consensus on other parts. It's like the IFF ( Interchange File Format ) that the chain of data chunks - the blockchain - is based upon. Programs that understood certain chunks would accept them and ignore the chunks that they didn't undertstand. The Bitcoin protocol is supposed to allow transactions of unknown types to be embeded into a block even if other client software cannot read it. The hashed proof-of-work confirms it is valid data to someone."

"You're not going to create a competing version of Bitcoin," (2) said. "I won't allow it."

"You're not going to allow it ?" I said. "You still seem to misunderstand the entire technology here. The folks who use the system itself are the ones who decide what is Bitcoin and what isn't. Not you."

”The Satoshi handle still pulls a lot of weight in the community," (2) said. "I'll tell them all to ignore you. That you're an active hostile actor who's attacking the Bitcoin network. You won't get anyone to run your version of the Bitcoin protocol."
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February 27, 2018, 03:32:20 AM

Scronty on the future:

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"But who will code it ?" (2) said. "I've been telling the others that I'm creating code that will put into practice the ideas in the white paper. They're really interested to see if I can pull it off. If you don't code it who can ?"
"That's a SEP," I said.
"What's a SEP ?" (2) asked.
"A SEP is Somebody Else's Problem," I said. "It's when something's on the edge of your peripheral vision and your subconscious refuses to admit it exists."
"What ?" (2) asked.
"Go read The Hitchhiker's Guide to the Galaxy again," I said.
"That's not going to help me right now in having an example coded up," (2) said.
"How about you try and contact Hal," I said.

 Cool
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February 27, 2018, 03:32:37 AM

 Huh  Is this the screenplay for Bitcoin the film.   Will Tom Hanks play Satoshi in the lead role, on the run from the evil agents of US Federal reserve.



Holding trend as bottom pricing seems like.
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February 27, 2018, 03:53:12 AM

I hope none of you are actually believing anything you are reading.
No cause it all seems to be surreal what I have been hearing about all day long. Grin

Kind of ironic what is going on while it's all going into a circle. Wink
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February 27, 2018, 03:57:27 AM

This particular dinosaur chart pattern gives a clearer indication of where the price is heading. The yellow bit is next.

You can draw with what ever crayons you like..I prefer orange and green.
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February 27, 2018, 03:57:37 AM

I hope none of you are actually believing anything you are reading.
Some people would not believe everything they read. But only the most sophisticated would never believe anything they read. Roll Eyes

So, which part of The Hobbit you believe?
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February 27, 2018, 04:01:28 AM

TIL: Bitcoin was originally to have an issuance of 42 million. But the outer Satoshi team changed it to 21

Link or it did not happen.

Are you talking about some Craig Wright bullshit, or is there any credibility to such supposed contemplations?
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February 27, 2018, 04:07:12 AM

TIL: Bitcoin was originally to have an issuance of 42 million. But the outer Satoshi team changed it to 21

Link or it did not happen.

Are you talking about some Craig Wright bullshit, or is there any credibility to such supposed contemplations?

http://vu.hn/bitcoin%20origins.html#start
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February 27, 2018, 04:07:35 AM

I hope none of you are actually believing anything you are reading.
I'm not even reading it. It's fucking schoolgirl drama, why would anyone waste their time.
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February 27, 2018, 04:09:24 AM

On the fate of Satoshi's stash:

Quote
I told (2) and (3) that I'd obliterated all Bitcoin related material from my end and that they should do the same on their end.

"You what !" (2) asked. "How many bitcoin did you just delete ?"

"The value was worth about $40,000 US dollars when I deleted the file," I said.

"You didn't have to delete them," (2) said. "Just encrypt them and store on a USB stick. No-one would've been able to access them."

"The types of folks who are hunting us would not care whether they can access them of not," I said. "They just need to see that we've got something to hide and that it's Bitcoin-related. The governments around the globe have been locking up folks on suspected-aiding-terrorism charges and throwing the key away. I had to make sure there was absolutely nothing on my computers that showed I had any idea what Bitcoin or crypto was. I even deleted the crypto stuff I'd picked up during my assembly language days."



That link is even wordier than JJG. Can you tl;dr me about what this is exactly so that I'll feel motivated to read it some time?

I am getting angry, guys (and gal).




It's not going to be looking pretty in this thread if these JJG ease of references continue.  Tongue

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1/21000000 , the only math you need to know


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February 27, 2018, 04:09:38 AM

I hope none of you are actually believing anything you are reading.
Some people would not believe everything they read. But only the most sophisticated would never believe anything they read. Roll Eyes

So, which part of The Hobbit you believe?

the eternal struggle between good and evil
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February 27, 2018, 04:10:47 AM

I hope none of you are actually believing anything you are reading.
Some people would not believe everything they read. But only the most sophisticated would never believe anything they read. Roll Eyes

So, which part of The Hobbit you believe?

the eternal struggle between good and evil
What does that mean in concrete actionable terms?
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