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

[hdbuck]

[silverfuture]

So...bitcoin is fungible? Great!

That's what I was thinking too, being fungible is one of the desirable qualities of money. Compare bitcoin to other money systems or networks, not plush toys or hockey cards. You have to be really reaching to make any type of comparison and anyone who does reveals their current level of understanding.

[Fatman3001]

I think lambie hacked hdbucks account

[podyx]

I think lambie hacked hdbucks account

lol ikr

[hdbuck]

[jeffhuys]

It seems bitcoin didn't want to do much today.
And of course, as I'm typing this, it begins to show movement... 
Watching from the sidelines, boys! Have fun.

[billyjoeallen]

So...bitcoin is fungible? Great!

That's what I was thinking too, being fungible is one of the desirable qualities of money. Compare bitcoin to other money systems or networks, not plush toys or hockey cards. You have to be really reaching to make any type of comparison and anyone who does reveals their current level of understanding.

"Fungible" means different things in different contexts. Let's say you were considering using potatoes as currency. Not all potatoes are the same size, shape, ripeness, etc. some might have diseases or bugs.

In that context, bitcoins are almost perfectly fungible. Now of course what you meant was that they can be traced on the blockchain all the way back to their origin so they can become tainted and you are obviously right, but a currency that could be more easily laundered would have a much more difficult time being tolerated by the monetary authorities.

[elasticband]

just done something really stupid  

Got an email from support@localbitcoin.com saying my account had been flagged for fraudulent activity.

checked my account and nothing, opened up electru grabbed an address and then send my funds to the wallet. incoming transaction.

check the support desk no ticket. check back at email and obviously the link contains a hidden phishing address, phew close call but all is safe.

Go to electrum to send my funds back over to LBTC, need them to have online adverts active, upon entering the password all i get is invalid.

Turns out i sent them to a wallet that was generated on the 6th of December on my run around laptop and i don't appear to know the password at the moment   tried several combinations but nope..... must have been feeling smart that day and NO i did not right down the seed as i was actually generating the wallet whilst giving my friend a step by step run down on how to setup electrum, why i didn't follow my own instructions of remembering password and keeping a copy of the seed safe i will probably never live down  


who's the local brute force expert?

went for some dinner drank some beer came home, still clueless.

is this the wrong subsection or something but not even noobs want to help 
https://bitcointalk.org/index.php?topic=958012.msg10483136#msg10483136

[camolist]

20% interest rates going on bitfinex for USD loans

no one has some unused dollars to lend cheaper?

[jeffhuys]

just done something really stupid  

Got an email from support@localbitcoin.com saying my account had been flagged for fraudulent activity.

checked my account and nothing, opened up electru grabbed an address and then send my funds to the wallet. incoming transaction.

check the support desk no ticket. check back at email and obviously the link contains a hidden phishing address, phew close call but all is safe.

Go to electrum to send my funds back over to LBTC, need them to have online adverts active, upon entering the password all i get is invalid.

Turns out i sent them to a wallet that was generated on the 6th of December on my run around laptop and i don't appear to know the password at the moment   tried several combinations but nope..... must have been feeling smart that day and NO i did not right down the seed as i was actually generating the wallet whilst giving my friend a step by step run down on how to setup electrum, why i didn't follow my own instructions of remembering password and keeping a copy of the seed safe i will probably never live down  


who's the local brute force expert?

went for some dinner drank some beer came home, still clueless.

is this the wrong subsection or something but not even noobs want to help  
https://bitcointalk.org/index.php?topic=958012.msg10483136#msg10483136

I really feel for you, man. Have you tried this?

"An open source Bitcoin wallet password recovery tool designed for the case where you already know most of your password, but need assistance in trying different possible combinations."
https://github.com/gurnec/btcrecover

[Colonel Panic]

(Before the first USMS aution, some people speculated that those ~30'000 bitcoins would be worth more than ordinary bitcoins in the future; both for having been "blessed" by the US government, and for their historical value, having been through SilkRoad and its takedown.  But no one mentions that now.  The "collectors overprice" of those bitcoins now must be the same as that of the the dollars that once were in Al Capone's bank account: none at all...)

I don't remember it ever being considered that seriously.

Far more important was the point that the U.S. Govt was selling them at all. That for the first time the powers were de facto admitting bitcoins' legitimate right to exist, as it were. Illegitimate spoils of busts - the drugs themselves for example - aren't auctioned, but destroyed.

The beauty of fungibility then extended that 'blessing' to all bitcoins.

[marcus_of_augustus]

carrots, bitcoins are just like carrots ... these guys with the baseball cards and beanie babies are using tired old, dead, unoriginal counter-arguments (in their own special low brow way).

https://bitcointa.lk/threads/dont-buy-bitcoins.5721/

https://bitcointalk.org/index.php?topic=6417.0

https://www.youtube.com/watch?feature=player_detailpage&v=DoK8HXMSsNg#t=119 ... and no, bitcoins are NOT just like vegetables you idiots.

[podyx]

https://www.youtube.com/watch?feature=player_detailpage&v=DoK8HXMSsNg#t=119 ... and no, bitcoins are NOT just like vegetables you idiots.

[gotmilk_]

https://news.vice.com/article/a-nasdaq-for-bitcoin-vice-news-interviews-the-winklevoss-twins-about-the-future-of-cryptocurrency 

[ChartBuddy]

Coin
Explanation

[marcus_of_augustus]

if you are really too stupid and lazy you can even google it ... bitcoins are not like carrots

Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.

https://www.google.com/search?q=bitcoins&ie=utf-8&oe=utf-8&gws_rd=cr&ei=F2niVLKtC4me8QX1o4Eg

[samsonn25]

(Before the first USMS aution, some people speculated that those ~30'000 bitcoins would be worth more than ordinary bitcoins in the future; both for having been "blessed" by the US government, and for their historical value, having been through SilkRoad and its takedown.  But no one mentions that now.  The "collectors overprice" of those bitcoins now must be the same as that of the the dollars that once were in Al Capone's bank account: none at all...)

I don't remember it ever being considered that seriously.

Far more important was the point that the U.S. Govt was selling them at all. That for the first time the powers were de facto admitting bitcoins' legitimate right to exist, as it were. Illegitimate spoils of busts - the drugs themselves for example - aren't auctioned, but destroyed.

The beauty of fungibility then extended that 'blessing' to all bitcoins.

The us government  will sell anything under the  Rico  act. The  only reason they dont sell drugs  confiscated is because  it is illegal  as written in the  laws. They auction  real estate. Personal belongings.  Jewelry. Bullion. Alcohol. Anything that is not illegal to possess.

[dsly]

https://news.vice.com/article/a-nasdaq-for-bitcoin-vice-news-interviews-the-winklevoss-twins-about-the-future-of-cryptocurrency 

Isn't that old news ?

[coinableS]

https://news.vice.com/article/a-nasdaq-for-bitcoin-vice-news-interviews-the-winklevoss-twins-about-the-future-of-cryptocurrency 

Code:

they reportedly have a major US bank on board, though they have not publicly announced which one

Citibank

[gotmilk_]

https://news.vice.com/article/a-nasdaq-for-bitcoin-vice-news-interviews-the-winklevoss-twins-about-the-future-of-cryptocurrency 

Isn't that old news ?

I didn't post it because of news I just found it interesting. Those two are more and more in media lately there should be some news about Gemini and ETF soon