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

[ChartBuddy]

Coin
Explanation

[12345mm]

a decentralized exchange could by definition have no central bank account where one would be able to send fiat $ to and thus could not hold any balance of fiat currency as i understand it ... i would imagine it would somehow have to involve users attaching their individual bank accounts to the decentralized exchange ledger and sending money directly from one person's bank account to the other person's bank account in exchange for btc on the ledger of the exchange , while the btc sent to the decentralized exchange could be run off of a side chain connected to the btc blockchain ? ... at least as far as i understand the idea in any case it seems like it would be awfully clumsy and slower vs a centralized exchange ... more like a p2p marketplace capable of running a balance sheet ...

[Raystonn]

I actually had something in development when Coinbase opened its exchange.  I stopped development when I heard the announcement.  I was going to introduce USD as a Counterparty asset, backed 100% by USD Ripple balances.  You could buy into the Counterparty tokens by sending Ripple USD to a specified address, which would then send you USD Counterparty tokens.  You'd then trade the USD Counterparty tokens against Bitcoins on the Counterparty decentralized exchange as desired.  You could also choose to send your Counterparty USD tokens back to the specified address, which would then send you Ripple USD.  In this manner, the USD would be 100% reserved in the Ripple address, which is publicly visible and verifiable on the Ripple ledger.

Anyhow, I halted development after deciding the need was greatly lessened due to Coinbase.  Am I wrong?

[ElectricMucus]

I actually had something in development when Coinbase opened its exchange.  I stopped development when I heard the announcement.  I was going to introduce USD as a Counterparty asset, backed 100% by USD Ripple balances.  You could buy into the Counterparty tokens by sending Ripple USD to a specified address, which would then send you USD Counterparty tokens.  You'd then trade the USD Counterparty tokens against Bitcoins on the Counterparty decentralized exchange as desired.  You could also choose to send your Counterparty USD tokens back to the specified address, which would then send you Ripple USD.  In this manner, the USD would be 100% reserved in the Ripple address, which is publicly visible and verifiable on the Ripple ledger.

Anyhow, I halted development after deciding the need was greatly lessened due to Coinbase.  Am I wrong?

You evil, evil ripple shill, how dare you even proposing that.

lol, please don't do it, see my sig VVV

[dunchy]

btc-e has indeed been run properly for years now as far as i can tell , heck i've traded there myself and never had a problem either , but as compared to exchanges in china (government doesn't fuck around) and exchanges in the u.s. (government doesn't fuck around) it would presumably be a lot easier for the btc-e exchange which is run out of croatia if i remember correctly (a not long ago war torn country) to simply disappear eventually whenever they get to X millions goal to run off with ... my rationale for trusting coinbase is that (presumably) the folks who invested 75M into it know who they gave their money to / have a few extra M to hire bounty hunters / assassins / would be able to call upon the u.s. law and financial enforcement agencies should they attempt to pull any funny business (same goes for the major chinese exchanges , as far as difficulty evading chinese law and financial agencies)

- btc-e is not run from Croatia
- Croatia was never torn by war

BTC-E uses Ceska Sporitelna bank, Czech part of the ERSTE bank group that sucks money from mostly eastern part of Europe. Account holder is Mayzus financial from London, that's behind OKPAY as well. The guys are supposedly Bulgarians, website was never fully and properly translated from Russian and support speaks extraterrestrial english. Legit bussiness.

[BlindMayorBitcorn]

btc-e has indeed been run properly for years now as far as i can tell , heck i've traded there myself and never had a problem either , but as compared to exchanges in china (government doesn't fuck around) and exchanges in the u.s. (government doesn't fuck around) it would presumably be a lot easier for the btc-e exchange which is run out of croatia if i remember correctly (a not long ago war torn country) to simply disappear eventually whenever they get to X millions goal to run off with ... my rationale for trusting coinbase is that (presumably) the folks who invested 75M into it know who they gave their money to / have a few extra M to hire bounty hunters / assassins / would be able to call upon the u.s. law and financial enforcement agencies should they attempt to pull any funny business (same goes for the major chinese exchanges , as far as difficulty evading chinese law and financial agencies)

- btc-e is not run from Croatia
- Croatia was never torn by war

BTC-E uses Ceska Sporitelna bank, Czech part of the ERSTE bank group that sucks money from mostly eastern part of Europe. Account holder is Mayzus financial from London, that's behind OKPAY as well. The guys are supposedly Bulgarians, website was never fully and properly translated from Russian and support speaks extraterrestrial english. Legit bussiness.

I never understood the blind trust placed in these hands tbh. After Gox...it's puzzling.

[12345mm]

ahhh righton i stand corrected ... it's been a while since i've traded there so i must have confused czechoslovakia with croatia ... and yeah it was serbia? i guess that was war torn a couple decades ago right next door to croatia / broke off from the serbia croatian block ? ... aaaanyways ... i'm just a stupid american anyway you can't expect us to know maps and such ...

in any case it's an exchange run out of 1 country , get's money in transferred to a 2nd country , run by people who are citizens of a 3rd country + are anonymous ... so yeah ...

[ElectricMucus]

btc-e has indeed been run properly for years now as far as i can tell , heck i've traded there myself and never had a problem either , but as compared to exchanges in china (government doesn't fuck around) and exchanges in the u.s. (government doesn't fuck around) it would presumably be a lot easier for the btc-e exchange which is run out of croatia if i remember correctly (a not long ago war torn country) to simply disappear eventually whenever they get to X millions goal to run off with ... my rationale for trusting coinbase is that (presumably) the folks who invested 75M into it know who they gave their money to / have a few extra M to hire bounty hunters / assassins / would be able to call upon the u.s. law and financial enforcement agencies should they attempt to pull any funny business (same goes for the major chinese exchanges , as far as difficulty evading chinese law and financial agencies)

- btc-e is not run from Croatia
- Croatia was never torn by war

BTC-E uses Ceska Sporitelna bank, Czech part of the ERSTE bank group that sucks money from mostly eastern part of Europe. Account holder is Mayzus financial from London, that's behind OKPAY as well. The guys are supposedly Bulgarians, website was never fully and properly translated from Russian and support speaks extraterrestrial english. Legit bussiness.

Suck it.

[ChartBuddy]

Coin
Explanation

[wpalczynski]

Something like Paypal could be used to fund your account.

a decentralized exchange could by definition have no central bank account where one would be able to send fiat $ to and thus could not hold any balance of fiat currency as i understand it ... i would imagine it would somehow have to involve users attaching their individual bank accounts to the decentralized exchange ledger and sending money directly from one person's bank account to the other person's bank account in exchange for btc on the ledger of the exchange , while the btc sent to the decentralized exchange could be run off of a side chain connected to the btc blockchain ? ... at least as far as i understand the idea in any case it seems like it would be awfully clumsy and slower vs a centralized exchange ... more like a p2p marketplace capable of running a balance sheet ...

[BlindMayorBitcorn]

Coin
Explanation

Epileptic Virus Patch    // Parangari Cutiri //

Pulsating pixels and strobe lighting are engineered to induce eye twitches and
epileptic seizures in the information weary. The Epileptic Virus Patch
transgresses the boundaries between hardware and wetware, traveling from
digital to human hosts.

http://switch.sjsu.edu/CrackingtheMaze/parangari.html

[Raystonn]

I actually had something in development when Coinbase opened its exchange.  I stopped development when I heard the announcement.  I was going to introduce USD as a Counterparty asset, backed 100% by USD Ripple balances.  You could buy into the Counterparty tokens by sending Ripple USD to a specified address, which would then send you USD Counterparty tokens.  You'd then trade the USD Counterparty tokens against Bitcoins on the Counterparty decentralized exchange as desired.  You could also choose to send your Counterparty USD tokens back to the specified address, which would then send you Ripple USD.  In this manner, the USD would be 100% reserved in the Ripple address, which is publicly visible and verifiable on the Ripple ledger.

Anyhow, I halted development after deciding the need was greatly lessened due to Coinbase.  Am I wrong?

You evil, evil ripple shill, how dare you even proposing that.

lol, please don't do it, see my sig VVV

Ripple shill, no.  I don't believe Ripple's native currency has any long-term value.  But it's great for moving around USD IOUs and showing proof of reserves.  It could be a good way to get USD onto the Bitcoin blockchain.

[12345mm]

Coin
Explanation

Epileptic Virus Patch    // Parangari Cutiri //

Pulsating pixels and strobe lighting are engineered to induce eye twitches and
epileptic seizures in the information weary. The Epileptic Virus Patch
transgresses the boundaries between hardware and wetware, traveling from
digital to human hosts.

http://switch.sjsu.edu/CrackingtheMaze/parangari.html

i've seen the matrix ... it was fucking frightening beyond words ... not green code like from the movie ... densely packed rectangles of spectacular light 360 degrees in all directions and flashing extremely fast between extremely bright and blinding ... lasted but a second before i snapped back to "reality" ... i assume it was some sort of a brain maintenance check ...

[BlindMayorBitcorn]

Coin
Explanation

Epileptic Virus Patch    // Parangari Cutiri //

Pulsating pixels and strobe lighting are engineered to induce eye twitches and
epileptic seizures in the information weary. The Epileptic Virus Patch
transgresses the boundaries between hardware and wetware, traveling from
digital to human hosts.

http://switch.sjsu.edu/CrackingtheMaze/parangari.html

i've seen the matrix ... it was fucking frightening beyond words ... not green code like from the movie ... densely packed rectangles of spectacular light 360 degrees in all directions and flashing extremely fast between extremely bright and blinding ... lasted but a second before i snapped back to "reality" ... i assume it was some sort of a brain maintenance check ...

When the doors of perception are cleansed things will appear as they truly are: kind of derpy.

[ChartBuddy]

Coin
Explanation

[aztecminer]

testing the top of the consolidation flag again. I predict price will either rise or fall from here.

genius! doesn't matter whether bitcoin goes up or down we making a profit!

seriously .. i mean really .

[DaRude]

btc-e has indeed been run properly for years now as far as i can tell , heck i've traded there myself and never had a problem either , but as compared to exchanges in china (government doesn't fuck around) and exchanges in the u.s. (government doesn't fuck around) it would presumably be a lot easier for the btc-e exchange which is run out of croatia if i remember correctly (a not long ago war torn country) to simply disappear eventually whenever they get to X millions goal to run off with ... my rationale for trusting coinbase is that (presumably) the folks who invested 75M into it know who they gave their money to / have a few extra M to hire bounty hunters / assassins / would be able to call upon the u.s. law and financial enforcement agencies should they attempt to pull any funny business (same goes for the major chinese exchanges , as far as difficulty evading chinese law and financial agencies)

- btc-e is not run from Croatia
- Croatia was never torn by war

BTC-E uses Ceska Sporitelna bank, Czech part of the ERSTE bank group that sucks money from mostly eastern part of Europe. Account holder is Mayzus financial from London, that's behind OKPAY as well. The guys are supposedly Bulgarians, website was never fully and properly translated from Russian and support speaks extraterrestrial english. Legit bussiness.

Well depends on your definition of torn by is but they were definitely in war up till like '96 still a lot of bullet holes in buildings there

[ChartBuddy]

Coin
Explanation

[wpalczynski]

I was wondering the same thing.  Could it be?  Is he bullish?

When does Lampchops next shift start? Mon 8am?

[bitgeek]

I was wondering the same thing.  Could it be?  Is he bullish?

When does Lampchops next shift start? Mon 8am?

Nah, he'll be here preaching doom all the way to $1000