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Question: Will we close Nov. at or above Plan B's posited minimum of $98K?
Yes - 42 (38.2%)
No - 68 (61.8%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25490397 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. (158 posts by 14 users with 9 merit deleted.)
Phil_S
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August 06, 2018, 05:13:06 PM

Bob is right. Besides, trains go sideways.

We need to find a place accessible by rockets only. Smiley
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itod
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^ Will code for Bitcoins


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August 06, 2018, 05:13:30 PM

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

Hate to break the news to you, but there are no street-legal automobiles which can go as fast as modern, non-US, trains. Speed-wise, even helicopters are having hard time catching up modern passenger trains.

For a reason unknown, US is *the* only modern 1st world country which keeps it's train network in a laughable state.
LFC_Bitcoin
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August 06, 2018, 05:15:01 PM
Merited by BobLawblaw (1)

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

5 - 10 bitcoin ownership MINIMUM entry?
Rosewater Foundation
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August 06, 2018, 05:26:25 PM
Merited by BobLawblaw (1)

Bob is right. 
Yeah, well, maybe.


HI-TEC99
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August 06, 2018, 05:37:00 PM

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

5 - 10 bitcoin ownership MINIMUM entry?

A high entrance fee like that will keep the riff-raff out. I'll be the banker.
kirreev070
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August 06, 2018, 05:42:23 PM
Merited by JayJuanGee (1)

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

5 - 10 bitcoin ownership MINIMUM entry?

If I don't have 5 or 10 bitcoin? And now price very bad. I am sad.

LFC_Bitcoin
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August 06, 2018, 05:48:05 PM

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

5 - 10 bitcoin ownership MINIMUM entry?

A high entrance fee like that will keep the riff-raff out. I'll be the banker.

I meant you need to prove that you have over 5 bitcoin’s to be invited. Otherwise we’ll end up with no coiners & ‘low coiners’ Grin
I don’t want to share my Cristal & lobster with peasants.
Phil_S
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August 06, 2018, 05:48:40 PM

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

5 - 10 bitcoin ownership MINIMUM entry?

A high entrance fee like that will keep the riff-raff out. I'll be the banker.

That's not entrance fee. That's how much should be left in the wallet, after paying let's say 0.1 entrance fee.
Biodom
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August 06, 2018, 05:54:26 PM

A high entrance fee like that will keep the riff-raff out. I'll be the banker.

Naw dude, just sign the invitation from a funded-enough address, to have the address/location/country/planet/galaxy revealed.

No need for bankers or people to HODL admission funds :-)

We have the technology.

just don't bring a phone with funds to this future meetup, witness recent SIM-jacking of crypto conferences attendees (lost $5 mil).
goldkingcoiner
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August 06, 2018, 05:56:32 PM

Private jets, helicopters...
ARE YOU NOT INTO TRAINS?

Literally too pedestrian.

How are we going to keep the riff-raff out if we throw the party somewhere accessible via train ?!??

5 - 10 bitcoin ownership MINIMUM entry?

A high entrance fee like that will keep the riff-raff out. I'll be the banker.

I meant you need to prove that you have over 5 bitcoin’s to be invited. Otherwise we’ll end up with no coiners & ‘low coiners’ Grin
I don’t want to share my Cristal & lobster with peasants.

Prove right now to us how many BTC you have. I am dubious when it comes to loudmouths screaming peasants while drinking overpriced mediocre quality champagne... Anyone who has not inherited their fortune knows what the good shit really is.
JimboToronto
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August 06, 2018, 05:58:27 PM
Merited by BobLawblaw (2)

Only 5-10 coins? I thought that was riffraff.

100 coins minimum.  Cool

Edit:

On second thought, no one with any real amount of coins would keep more than a couple dozen in any single wallet.

10 coins it is I guess.
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August 06, 2018, 06:05:55 PM

We should have a mud-wrestling pit, a mechanical bull, a fabulously erotic gay vodka ice-fountain (none of that Russian shit), and 55-gallon drums of lube around the premises, for starters...


no place for straight folk?
the image of 55 gallon lube canisters does not really excite me in the slightest  Grin.
jbreher
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lose: unfind ... loose: untight


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August 06, 2018, 06:08:32 PM


Random thoughts spurred by referenced article:

1) After clarifying that, under current US regulatory regime, Bitcoin is classified as a commodity, the author goes on to describe requirements for entities dealing in commodity futures. Relevance? None that i can see.

2) Unless, as seems likely from the article, ICE is planning to be able to engage in partial reserve Bitcoin trading:
"The federally-regulated exchanges require clearing services that effectively remove credit risk for both the buyer and seller. The clearing house guarantees that the seller will deliver the sugar, coffee, or gold as agreed under a futures contract, and that the buyer will make the full payment. If either fails to perform, it’s the clearing house––which is jointly funded by the trading firms that are members of the exchange and its owner, in this case ICE––that makes good on the delivery or the cash."
We -- the Bitcoin community -- may need to crank up our educational outreach to clarify to the incoming masses that a Bitcoin IOU is not the same thing as a Bitcoin.

3) "By the market close, the ICE clearing house would have arranged to route the cash from the buyer’s to the seller’s bank account, and the Bitcoin tokens would be en route the to the Bakkt digital warehouse." Huh

4) Article describes txs between parties within the Bakkt system as simple database txs, then later goes on to describe this as 'closely resembling the Lightning Network'. I question they know WTF they are talking about,. Perhaps the ignorant author got snowed by Loeffler, the former ICE marketeer and master of outbound communications?

5) ”Bitcoin would greatly simplify the movement of global money,” says Sprecher. “It has the potential to become the first worldwide currency.” - needs no comment Smiley

6) "If Bitcoin became the chief currency for retail, it’s likely that credit cards would disappear.
So would ICE and Bakkt be antagonizing ICE’s main customers, the major banks? Not necessarily. Despite the large fees, banks typically make little money processing purchases, since they mainly return those fees to provide services such as fraud monitoring, call centers, and providing rebates that go to such rewards as frequent flyer miles and rental car discounts. Where the banks make big money is on the interest charged on balances on credit cards. Changing the purchasing system wouldn’t alter the amounts that folks borrow, just where they hold those balances."
Bitcoin credit. Hmm.

Biodom
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August 06, 2018, 06:08:52 PM

Only 5-10 coins? I thought that was riffraff.

100 coins minimum.  Cool

Edit:

On second thought, no one with any real amount of coins would keep more than a couple dozen in any single wallet.

10 coins it is I guess.

by latest estimates, there are less than 10,000 wallets with more than 100 btc.
I saw the edit.
JimboToronto
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August 06, 2018, 06:09:20 PM
Merited by BobLawblaw (10)

We should have a mud-wrestling pit, a mechanical bull, a fabulously erotic gay vodka ice-fountain (none of that Russian shit), and 55-gallon drums of lube around the premises, for starters...

Sorry Bob, but that's just a little too brokeback for some of us breeders.  Cheesy

Straight folk will party in the front.

I'm talking about the party in the back.

Oh OK. Just saw your post.

Liquor in the front, poker in the rear?
kirreev070
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August 06, 2018, 06:19:30 PM

Only 5-10 coins? I thought that was riffraff.

100 coins minimum.  Cool

Edit:

On second thought, no one with any real amount of coins would keep more than a couple dozen in any single wallet.

10 coins it is I guess.

by latest estimates, there are less than 10,000 wallets with more than 100 btc.
I saw the edit.

So the best option can be 20. But if you look really 5-10 is not so much.
Phil_S
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August 06, 2018, 06:19:47 PM

jbreher
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August 06, 2018, 06:23:14 PM

https://cointelegraph.com/news/jpmorgan-ceo-jamie-dimon-returns-to-bitcoin-bashing-calls-cryptocurrency-a-scam
Quote
According to Bloomberg, Dimon further “suggested governments may move to shut down the currencies [cryptocurrency], because of an inability to control them.”
shut.them.down.lol

Indeed. I would like to hear Jamie explain - if the gubmints can't control cryptocurrencies, how are they gonna shut them down?
JimboToronto
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August 06, 2018, 06:44:47 PM

https://cointelegraph.com/news/jpmorgan-ceo-jamie-dimon-returns-to-bitcoin-bashing-calls-cryptocurrency-a-scam
Quote
According to Bloomberg, Dimon further “suggested governments may move to shut down the currencies [cryptocurrency], because of an inability to control them.”
shut.them.down.lol

Indeed. I would like to hear Jamie explain - if the gubmints can't control cryptocurrencies, how are they gonna shut them down?

Quote
Dimon also made a point of calling blockchain technology “real,” –– while implying that crypto is not

Typical. The banksters all chant the shibboleth "blockchain technology good, Bitcoin bad" while totally missing the point.

There's nothing wrong with "blockchain technology" but the real breakthrough and value of Bitcoin lies in decentralization and lack of control.
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August 06, 2018, 06:45:57 PM

Dumping the whole space into years long despair oblivion could work for a while.
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