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

[BitcoinGirl.Club]

CME CHAIRMAN ADMITS BITCOIN’S FINITE AMOUNT IS A PROBLEM

https://bitcoinist.com/cme-chairman-admits-bitcoins-finite-amount-is-a-problem/

LOL

Yes, problem for him because he can not create as many as he wants LOL
The most meaningful fact about bitcoins is it's limited supply.

[El duderino_]

Good morning

WO’s

[BitcoinGirl.Club]

98% of you likely have your 2FA app on your cell phone.

I dont have enough time to explain all the reasons thats a terrible idea...

Buy a new IPod touch
Create a new Apple ID w/ new email
Download Google Authenticator
Put IPod in airplane mode

Rest easy👍

Authenticator does not require internet.

I will give you the easiest option.

Download Authy. Link: https://authy.com

This app works in both Desktop and mobile device.

The good thing is that it has backup option. Once you set it and have the backup password you can recover your 2FA codes easily in any device. You do not need to go through the customer services of individual websites or do not need to store the 2fa key. However I suggest to store the 2FA keys in a notepad though.

You can try it.

[Ibian]

CME CHAIRMAN ADMITS BITCOIN’S FINITE AMOUNT IS A PROBLEM

https://bitcoinist.com/cme-chairman-admits-bitcoins-finite-amount-is-a-problem/

LOL

It's incredible that so many supposedly smart people can be so dumb.

[BitcoinGirl.Club]

Good morning

WO’s

Good morning brother.

[BitcoinGirl.Club]

CME CHAIRMAN ADMITS BITCOIN’S FINITE AMOUNT IS A PROBLEM

https://bitcoinist.com/cme-chairman-admits-bitcoins-finite-amount-is-a-problem/

LOL

It's incredible that so many supposedly smart people can be so dumb.

Because they have less knowledge about Bitcoin.

[LFC_Bitcoin]

Voting poll is early this time.

Voted already, $6,000 over, here we go.

Good morning WO

The morning wish for me is to wish for your wish to be fulfilled. 🙂

If price hits $6k then people will go crazy with the buy order.

Bitcoin price $4,028

Literally walking to the bank now with £200 to buy more corn.

[BitcoinGirl.Club]

Voting poll is early this time.

Voted already, $6,000 over, here we go.

Good morning WO

The morning wish for me is to wish for your wish to be fulfilled. 🙂

If price hits $6k then people will go crazy with the buy order.

Bitcoin price $4,028

Literally walking to the bank now with £200 to buy more corn.

Mine are incoming on the Monday morning 🙂

[BitcoinGirl.Club]

Brothers!

What do you think about this: https://bitcointalk.org/index.php?topic=5125826.msg50362610#msg50362610


Seems like Coinbase is taking another direction after the denial from the end users. They are now targeting institutional investors LOL

[El duderino_]

Voting poll is early this time.

Voted already, $6,000 over, here we go.

Good morning WO

The morning wish for me is to wish for your wish to be fulfilled. 🙂

If price hits $6k then people will go crazy with the buy order.

Bitcoin price $4,028

Literally walking to the bank now with £200 to buy more corn.

A walk with a big future uppon it

[ProfTP]

Baaaaaaaaammmmm!

[ivomm]

Pamp it  

[JSRAW]

Literally walking to the bank now with £200 to buy more corn.

Chances are no one will ask the question for this little amount but in case someone asks casually then make sure you let them know that you are going to buy BTC with this money

[HairyMaclairy]

difficulty is adjusted so blocks are produced every 10 minutes

Maybe I am being retarded but where does the measuring stick come from?  How does Bitcoin know how long “10 minutes” is?

By comparing the timestamps of the last 2016 blocks and seeing how closely it comes to the 14 day target. Difficulty is then adjusted up or down to try and reach that target of time it took to generate 2016 blocks. Its sort of circular but once you wrap your head around it not so bad.

Ok I understood how difficulty is recalibrated but forgot about time stamps. And have never looked at time stamps as an attack vector.  Here is a description of how time stamps are validated.  

Still trying to wrap my head around it.

Each block contains a Unix time timestamp. In addition to serving as a source of variation for the block hash, they also make it more difficult for an adversary to manipulate the block chain.
A timestamp is accepted as valid if it is greater than the median timestamp of previous 11 blocks, and less than the network-adjusted time + 2 hours. "Network-adjusted time" is the median of the timestamps returned by all nodes connected to you. As a result, block timestamps are not exactly accurate, and they do not even need to be in order. Block times are accurate only to within an hour or two.
Whenever a node connects to another node, it gets a UTC timestamp from it, and stores its offset from node-local UTC. The network-adjusted time is then the node-local UTC plus the median offset from all connected nodes. Network time is never adjusted more than 70 minutes from local system time, however

https://en.bitcoin.it/wiki/Block_timestamp

[ErisDiscordia]

Hi guys, what's up?

I've been hibernating for the past year or so but spring has come and I feel like things are going to start moving soon.

Who's still here observing walls?

[HairyMaclairy]

^Welcome back man.

[El duderino_]

^
That man

[HairyMaclairy]

Breakout. Look at that volume - solid.  This is how we do. 

[ProfTP]

4100$ today?

next hour?

[Cryptotourist]

Who's still here observing walls?

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