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

[ChartBuddy]

Coin
Explanation

[bassclef]

Bears a playing a dangerous game... markets don't fall forever friends. Have to learn how to recognize and play both sides.

[findftp]

It's time to polute this thread with some of my pictures again.
Here lovely wall observers, especially made for you.
And my wallet, now donate!

[hyphymikey]

ehhh i figure 1/4 million can buy me a decent 50 footer ... most people would consider that a yacht and not a simple boat ... some may argue only 100 foot + counts as a true luxury yacht ...

Happy shopping (good luck with that 1/4 mill)

http://www.ypigroup.com/luxury-yachts-for-sale/index.htm

 

oh i know there's definitely a difference between a yacht and a luxury yacht ... the same way there's a difference between a used honda and a new lamborghini

50 footers are sweet!

that's what i'm sayin ... if it has more than 1 bedroom , a kitchen , full bath , and is bluewater capable ... it's a yacht in my book ... those extra feet won't help you spear fish any better anyways

Just remember that it cost about 10% of the original cost of the boat, just for maintenance each year! Unless you can afford to move it from place to place where it will only see summer, and save on winterization. Also be ready to have it out of the water for 2 weeks a year for engine and outdrive overhaul. I have a mid-cabin open-bow catamaran powerboat. I spend about 8 grand a year in upkeep.

[JorgeStolfi]

This security is provided in the form of total hashpower that can be assumed to be honest (an assumption that is based on economical incentive, so it's a rather safe one).

Well, I find that argument quite unconvincing.  As you pointed out in the case of day trading, one cannot assume that every player will just try to maximize the amount of coins that he gets from the next block.  Large corporate players may have more complex, longer-term goals, and motivations other than greedy coin-slurping.

Your 'Series B' blockchain is either indistinguishable from the original one, in which case it doesn't divert any value, or, if it is in any way distinguishable, it will be ignored by the majority of miners, so it cannot fulfill the above security critical functions.

It may differ from the main chain, e.g. in block frequency, block reward schedule, mandatory minimum fees, etc.

In another thread, I discussed a scenario where miners conspire to force a change in the reward schedule, postponing the next halving for 2 years (without changing the limit on total coins).  Some argued that long-term holders would vehemently oppose that change because it would mean higher inflation in those two years, and they would rather do a hard fork of their own.  But then, going back to that kid's fork: if he changed the schedule to bring the next halving forward a yar, then those holders would surely love his Series B coins, no?  Since those holders would automatically have as many Series B coins as they have in Series A, why not value and use them too?

To make the "time travel" advantage more plausible, suppose that a hacker manages to steal the 94'000 BTC from the USMS wallets.  Six hours later, after meeting in some undisclosed location at the invitation of some undisclosed entity, the CEOs of Coinbase, Kraken, SMBIT, COIN and a few more US bitcoin companies, as well as the president of the Bitcoin Foundation, issue a joint announcement: "for the future of Bitcoin", they are starting a hard fork that branches off just before the heist, and will henceforth work with that fork only; so all clients had better upgrade asap.  Moreover, with the help of that undisclosed entity, they are setting up a dedicated mining installation and temporarily reduce the difficulty so as to ensure an adequate block rate, but urge all miners to switch too.  They will try to re-issue any canceled transactions, or indemnify legitimate losses. Naturally many bitcoiners, exchanges, and miners all over the world will revolt and will keep mining and using only the old chain, while others will use both. 

Can you say that this scenario is impossible, and that one of the forks will immediately lose all its value?

[Mickeyb]

Bears a playing a dangerous game... markets don't fall forever friends. Have to learn how to recognize and play both sides.

Up up and up!!

[12345mm]

yeah that sounds about right ballpark wise ... about 10k a year maintenance ... i'd be on year long summer vacation where winter doesn't happen ... what sort of mad man owns a yacht where it's cold ? ? ?

[bassclef]

ehhh i figure 1/4 million can buy me a decent 50 footer ... most people would consider that a yacht and not a simple boat ... some may argue only 100 foot + counts as a true luxury yacht ...

Happy shopping (good luck with that 1/4 mill)

http://www.ypigroup.com/luxury-yachts-for-sale/index.htm

 

oh i know there's definitely a difference between a yacht and a luxury yacht ... the same way there's a difference between a used honda and a new lamborghini

50 footers are sweet!

that's what i'm sayin ... if it has more than 1 bedroom , a kitchen , full bath , and is bluewater capable ... it's a yacht in my book ... those extra feet won't help you spear fish any better anyways

Just remember that it cost about 10% of the original cost of the boat, just for maintenance each year! Unless you can afford to move it from place to place where it will only see summer, and save on winterization. Also be ready to have it out of the water for 2 weeks a year for engine and outdrive overhaul. I have a mid-cabin open-bow catamaran powerboat. I spend about 8 grand a year in upkeep.

Yeah owning a boat is expensive as hell. Repairs, fuel, rent, winter storage, crew (if you have a yacht), taxes... you need a steady income for something like that, not a one-time Bitcoin cashout.

Lotto winners and professional athletes/musicians who come from humble beginnings run into this problem all the time---they underestimate how expensive a "rich" lifestyle is. Not to mention you have family and friends who feel entitled to handouts coming out of the woodwork.

[gentlemand]

Yeah owning a boat is expensive as hell. Repairs, fuel, rent, winter storage, crew (if you have a yacht), taxes... you need a steady income for something like that, not a one-time Bitcoin cashout.

Lotto winners and professional athletes/musicians who come from humble beginnings run into this problem all the time---they underestimate how expensive a "rich" lifestyle is. Not to mention you have family and friends who feel entitled to handouts coming out of the woodwork.

You definitely have to be somewhat batty to go into large boat ownership unless you have major money to burn. It's a much better plan to butter up to a future BTC trillionaire, use one's masculine wiles to marry them and then sail away into the future with their gains.

[dreamspark]

yeah that sounds about right ballpark wise ... about 10k a year maintenance ... i'd be on year long summer vacation where winter doesn't happen ... what sort of mad man owns a yacht where it's cold ? ? ?

South Wales 

[12345mm]

ahhh righton ... i hear it is shitty weather most of the time back in england ... we don't winterize anything in -- ...

[keystroke]

Lotto winners and professional athletes/musicians who come from humble beginnings run into this problem all the time---they underestimate how expensive a "rich" lifestyle is. Not to mention you have family and friends who feel entitled to handouts coming out of the woodwork.

Couldn't be more true, sadly.

[Artoodeetoo]

All altcoins struggling with Bitcoin rising like this... Apart from Dark Coin....

First we take LTC, then BTC...

Then just Dark...

[DoktorKopf]

Yeah owning a boat is expensive as hell. Repairs, fuel, rent, winter storage, crew (if you have a yacht), taxes... you need a steady income for something like that, not a one-time Bitcoin cashout.

Lotto winners and professional athletes/musicians who come from humble beginnings run into this problem all the time---they underestimate how expensive a "rich" lifestyle is. Not to mention you have family and friends who feel entitled to handouts coming out of the woodwork.

You definitely have to be somewhat batty to go into large boat ownership unless you have major money to burn. It's a much better plan to butter up to a future BTC trillionaire, use one's masculine wiles to marry them and then sail away into the future with their gains.

If it flies, floats or fucks...  rent it.

[GreekGeek]

[NotLambchop]

...
You definitely have to be somewhat batty to go into large boat ownership unless you have major money to burn. ...

Happiest days in a boat owner's life:
1.  The day he bought the boat.
2. The day he sold the boat.

That said, gypsy boated around BVI on a 40-footer for about two years as a kid.  Total money spent = total money made.  Yachtsmen=guys washing their decks with fresh water from a garden hose, gypsy boaters have 20 plastic gallon milk jugs filled up in marina bathrooms

[dreamspark]

If it flies, floats or fucks...  rent it.

   Wisest words ever spoken.

[damiano]

Yeah owning a boat is expensive as hell. Repairs, fuel, rent, winter storage, crew (if you have a yacht), taxes... you need a steady income for something like that, not a one-time Bitcoin cashout.

Lotto winners and professional athletes/musicians who come from humble beginnings run into this problem all the time---they underestimate how expensive a "rich" lifestyle is. Not to mention you have family and friends who feel entitled to handouts coming out of the woodwork.

You definitely have to be somewhat batty to go into large boat ownership unless you have major money to burn. It's a much better plan to butter up to a future BTC trillionaire, use one's masculine wiles to marry them and then sail away into the future with their gains.

My cousin's husband got a boat from an inheritance and the repairs and upkeep alone on it are ridiculous. 

[ThatDGuy]

Creeping up towards 280 on finex...

[damiano]

I think we will keep climbing all the way to 300 till we start seeing major dumps