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

[dasein]

http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/21/heres-how-bitcoin-charmed-washington/

[1714696119]

1714696119

[1714696119]

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[BarkinTree]

Fine, you're arrogant because you can't stop talking about how much better you are than US citizens .

You don't know shit about what has happened to our populace and our land.  Corporations and wealthy individuals own everything.

http://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States

BTW, I don't buy the whole capitalist-socialist dichotomy.  Everything is shades of gray, and it is the extremes you have to watch out for.

You seem to want to restrict the term arrogance to what is probably better termed "US exceptionalism".  Yes, this is a form of arrogance, but arrogance can take many forms.

i don't have much of an opinion of u.s. citizens really. but the consensus about them is well established. i also don't buy the capitalist-socialist dichotomy... as it's commonly illustrated.

i think the perceived arrogance of people from the US is much due to US exceptionalism, yes -- i was making that point because that is what non-US folks are exposed to. but i am talking about the dictionary definition of "arrogance".

sure, there is great wealth inequality in the u.s. that doesn't mean there isn't far greater wealth inequality elsewhere, such as in South America. http://upload.wikimedia.org/wikipedia/commons/3/32/Gini_Coefficient_World_CIA_Report_2009.svg

it also doesn't speak to the effect of historic exploitation of the southern hemisphere by the north. over 53% of world net worth (based on PPP) is concentrated in North America and Europe, which has less then 15% of world population. when we talk about wealth inequality, surely comparing that of the u.s. with that of that of bolivia is sort of ridiculous, right? are we talking about being entitled to basic human necessities, perhaps education? or are we talking about being entitled to a basic minimum income? or big screen tvs? http://en.wikipedia.org/wiki/Distribution_of_wealth

in the u.s., when people complain about entitlements, i hear complaints about people buying big screen tvs with welfare checks. (i take that with grain of salt) surely, you don't think that these are the sort of entitlements that Brazilians seek? that they are arrogant for fighting for? especially given the nature of wealth inequality?

am i arrogant for fighting for a better education system for my children? i must feel so self-important? 

it's one thing if the state does not exists. it's another thing if the state will exists for the forseeable future, and exploits, and allows exploitation. in the latter case, i think it is only reasonable for people to try to reform the state, to legally prescribe what had once been unwritten -- their ownership, their rights, their dignity. even if i do not support reformism. i still do not see this as arrogance. someone who is arrogant by definition does not see themselves as equal to others.

[tomjo7]

Does anyone know an easy way of showing more than two browser windows on one screen? I use my TV as my monitor and I know you can split into two easy but is there any easy way to split them into four or more? Without the address bar being at the top? I've tried to do this but it ends up looking funny. It's just so I can watch more than 2 live price feeds at once. There's probably a website that can do all this in one window but I'm not aware of this.

[ardana123]

Only a million $ worth of btc purchased. No biggie.

[tomjo7]

Does anyone know an easy way of showing more than two browser windows on one screen? I use my TV as my monitor and I know you can split into two easy but is there any easy way to split them into four or more? Without the address bar being at the top? I've tried to do this but it ends up looking funny. It's just so I can watch more than 2 live price feeds at once. There's probably a website that can do all this in one window but I'm not aware of this.

F11   ?

I tried making some of my windows smaller and did that - it only takes the current tab full screen 

[ag@th0s]

http://www.reddit.com/r/Bitcoin/comments/1r4d6t/bitstamps_streaming_api_and_exploitation/

ty. interesting.

This explains some odd behavior but it's not a big deal.

This is a monstrous fuckup of enormous proportions, if this is true then their "trading engine" is broken beyond repair (it wouldn't even deserve the name "trading engine" anymore) and should be taken down and replaced by something else immediately!

Lucky it's a free market then and you can just take your business elsewhere, innit?

[neutrinox]

Lol, Amazon is advertising bitcoins now..

https://i.imgur.com/8f0NDRZ.png

[BarkinTree]

http://www.reddit.com/r/Bitcoin/comments/1r4d6t/bitstamps_streaming_api_and_exploitation/

ty. interesting.

This explains some odd behavior but it's not a big deal.

This is a monstrous fuckup of enormous proportions, if this is true then their "trading engine" is broken beyond repair (it wouldn't even deserve the name "trading engine" anymore) and should be taken down and replaced by something else immediately!

Lucky it's a free market then and you can just take your business elsewhere, innit?

yeah its a free market with horrible options, and hopefully some professional players will enter a market that is WIDE open for the taking. bunch of amateurs in this niche.

[rpietila]

Mortgage the house and buy some back.  Or get a second loan and buy some back.  You will eventually be able to pay of the second loan and still have some coins in case (which there is a decent chance) we get to $100,000 and beyond.

Only on bitcointalk can you find this sort of advice. My goodness.

Debt is so deeply rooted in US folks mentality that it hurts. I really have a simpathy for Bitchick, I'm a long-term bull myself, but came on... To advise someone to get in debt (even worse, to mortgage his house) to buy a high-risk experimental currency is so fucked up it blows my mind. We where speaking about "opportunities you cannot afford to lose"... Well, being in debt or losing your house to gamble is something NOBODY should afford to do.

And that type of mentality leads me to think that eventually BTC will implode sooner than later, people tends to auto-destruction and greed is one of the main mind-fuckers.

Rampion is my favorite now 

[MAbtc]

I would expect more consolidation after such a correction. Thinking we'll see a reversal ~800 or so and then a bounce at a higher low. Not sure if I am willing to risk it, though....

[rpietila]

Just in case anyone likes to see with their own eyes what really happened in Haikko... 

[ag@th0s]

We will see $1000 gox in less than a week. Maybe 48 hours.

$400 gox never again



Choo choo mfs

still this. i don't make (public) predictions often but when i do 

…. it's because you fully expect to profit from it.

[macsga]

比特币 M.F.!!!!
http://bitcoinwisdom.com/

[YoYa]

Bulls right now...



Tho I won't be complaining, get us an hour above 750 and I'm interested.

[notme]

Fine, you're arrogant because you can't stop talking about how much better you are than US citizens .

You don't know shit about what has happened to our populace and our land.  Corporations and wealthy individuals own everything.

http://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States

BTW, I don't buy the whole capitalist-socialist dichotomy.  Everything is shades of gray, and it is the extremes you have to watch out for.

You seem to want to restrict the term arrogance to what is probably better termed "US exceptionalism".  Yes, this is a form of arrogance, but arrogance can take many forms.

i don't have much of an opinion of u.s. citizens really. but the consensus about them is well established. i also don't buy the capitalist-socialist dichotomy... as it's commonly illustrated.

i think the perceived arrogance of people from the US is much due to US exceptionalism, yes -- i was making that point because that is what non-US folks are exposed to. but i am talking about the dictionary definition of "arrogance".

sure, there is great wealth inequality in the u.s. that doesn't mean there isn't far greater wealth inequality elsewhere, such as in South America. http://upload.wikimedia.org/wikipedia/commons/3/32/Gini_Coefficient_World_CIA_Report_2009.svg

it also doesn't speak to the effect of historic exploitation of the southern hemisphere by the north. over 53% of world net worth (based on PPP) is concentrated in North America and Europe, which has less then 15% of world population. when we talk about wealth inequality, surely comparing that of the u.s. with that of that of bolivia is sort of ridiculous, right? are we talking about being entitled to basic human necessities, perhaps education? or are we talking about being entitled to a basic minimum income? or big screen tvs? http://en.wikipedia.org/wiki/Distribution_of_wealth

in the u.s., when people complain about entitlements, i hear complaints about people buying big screen tvs with welfare checks. (i take that with grain of salt) surely, you don't think that these are the sort of entitlements that Brazilians seek? that they are arrogant for fighting for? especially given the nature of wealth inequality?

am i arrogant for fighting for a better education system for my children? i must feel so self-important?  

it's one thing if the state does not exists. it's another thing if the state will exists for the forseeable future, and exploits, and allows exploitation. in the latter case, i think it is only reasonable for people to try to reform the state, to legally prescribe what had once been unwritten -- their ownership, their rights, their dignity. even if i do not support reformism. i still do not see this as arrogance. someone who is arrogant by definition does not see themselves as equal to others.

As I already tried to explain, we have the same master and we should work on an escape plan.  But you would rather argue over who gets whipped the hardest.  The fact is, state boundaries only exist for the general populace.  Corporations are transnational.  The state has become a tool for them to divide and conquer.

[neutrinox]

Go there and give bitcoin a nice review

http://www.amazon.com/gp/offer-listing/B00GTZKQ68/ref=dp_olp_0?ie=UTF8&condition=all

[macsga]

Mining Bitcoin by hand (self.Bitcoin)
submitted 19 hours ago* by C121
I figured I'd calculate how long it would take to mine bitcoin using a pen and paper for fun.
According to some forum posts, it takes 3385 integer operations to calculate one double SHA-256 hash.
These are 32-bit operations, so we'll give a very generous estimate of 10 seconds per operation (we're assuming that you're a numeric genius)
This works out to a rate of .0000295 hashes per second. Not bad, right?
Throwing the current difficulty (609482679.88835) into this calculator gives us an average time of 2,809,786,333,451,380 years to mine one block. Have no fear, this is only 200000 times the age of the universe.
Now, at current rates of 25 BTC/block, and $600/BTC, this gives us an hourly profit of $0.000000000000000609/hr (assuming we're contributing to a pool, since competing with ASIC machines is just unfair), or about 1/300 of a quadrillionth the national (US) average.
What would it cost you to perform this?
One three ounce bottle of Noodler's ink is $12.50, and will write for approximately 33 km. Let's say that you're working in binary, and drawing a 1 and a 0 uses 1cm of ink, and you need to write 2 32 bit numbers per addition operation. That's 2166.4 meters of ink per hash. You can do about 50 operations on each side of a piece of paper. Paper runs for about a cent a page on Amazon, so that's about 34 cents per hash.
At the (approximate) 2,728,647,008,755,700,000 hashes you need to mine one block, adding these two costs together gives you a whopping $3,162,791,285,103,330,000.00 per block, or, if you're keeping track, you earn 0.000000000000474% of the money you spent mining that block (excluding the cost of petayears worth of food and shelter, and assuming the difficulty of mining and the value of bitcoin freezes forver at this moment).
Anyone want to get started with me?
tl;dr - mining by hand is no longer profitable.

http://www.reddit.com/r/Bitcoin/comments/1r3wau/mining_bitcoin_by_hand/

[MickeyT2008]

Mining Bitcoin by hand (self.Bitcoin)
submitted 19 hours ago* by C121
I figured I'd calculate how long it would take to mine bitcoin using a pen and paper for fun.
According to some forum posts, it takes 3385 integer operations to calculate one double SHA-256 hash.
These are 32-bit operations, so we'll give a very generous estimate of 10 seconds per operation (we're assuming that you're a numeric genius)
This works out to a rate of .0000295 hashes per second. Not bad, right?
Throwing the current difficulty (609482679.88835) into this calculator gives us an average time of 2,809,786,333,451,380 years to mine one block. Have no fear, this is only 200000 times the age of the universe.
Now, at current rates of 25 BTC/block, and $600/BTC, this gives us an hourly profit of $0.000000000000000609/hr (assuming we're contributing to a pool, since competing with ASIC machines is just unfair), or about 1/300 of a quadrillionth the national (US) average.
What would it cost you to perform this?
One three ounce bottle of Noodler's ink is $12.50, and will write for approximately 33 km. Let's say that you're working in binary, and drawing a 1 and a 0 uses 1cm of ink, and you need to write 2 32 bit numbers per addition operation. That's 2166.4 meters of ink per hash. You can do about 50 operations on each side of a piece of paper. Paper runs for about a cent a page on Amazon, so that's about 34 cents per hash.
At the (approximate) 2,728,647,008,755,700,000 hashes you need to mine one block, adding these two costs together gives you a whopping $3,162,791,285,103,330,000.00 per block, or, if you're keeping track, you earn 0.000000000000474% of the money you spent mining that block (excluding the cost of petayears worth of food and shelter, and assuming the difficulty of mining and the value of bitcoin freezes forver at this moment).
Anyone want to get started with me?
tl;dr - mining by hand is no longer profitable.

http://www.reddit.com/r/Bitcoin/comments/1r3wau/mining_bitcoin_by_hand/

And when you submit it after all that time you'll find someone and their asic/mining pool have beaten you to it, with that block and every other one.  Maybe I'll give it a miss.

[ErisDiscordia]

Just got to use the Lamassu Bitcoin ATM. MUCH easier to use than a regular ATM I would say. Just tap the screen, scan your address and keep feeding it fiat until you feel you've ridden yourself of enough of the stuff. Then tap again to send transaction. No palm scanners, yay.

AFAIK the ATM in Vancouver doesn't dispense fiat, only BTC, same as Lamassu. We need ones who can do fiat -> BTC and BTC -> fiat. And put them into every major airport  

[ag@th0s]

Enjoy your life and never look back..
There are many things more important than the possibility of wealth.
And congrats on your house being owned.
May your family once again regain your full attention and may the decisions you made for them never be regretted

Cheers

+1