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

[ChartBuddy]

Coin
Explanation

[1713873178]

1713873178

[Robert Paulson]

is IBM full of idiots or what.
there's no need for a blockchain if everyone on the network is known and trusted.
there's a thing called a database, its been in existence for at least 50 years...

[calme]

Separation of church and state.
Separation of money and state.
Separation of law and government.
Separation of 2nd and 3rd millennia.

[coinableS]

any currency is by definition centralized.

they are talking about decentralized network that will use USD and that will be used by banks.

Yea guys, it's decentralized but it's ran by the central banks and has oversight by the government that can freeze and seize. It's for your own protection. Obey.  

central banks will run the coins, but the network will be run by IBM I guess.

you will be the only one able to access your wallet with keys.

bitcoin is super secure but they still managed to seize ross' coins. so they can fuck you one way or another.

That's bologna! Ross was dumb enough to have his laptop open in a public place managing the silkroad website.  Whether he gave up his keys willingly or if they were dug up is totally different that a government ran "blockchain".

[paul2000]

is IBM full of idiots or what.
there's no need for a blockchain if everyone on the network is known and trusted.
there's a thing called a database, its been in existence for at least 50 years...

  +1

[tarmi]

is IBM full of idiots or what.
there's no need for a blockchain if everyone on the network is known and trusted.
there's a thing called a database, its been in existence for at least 50 years...

banks are doing bad exactly for that reason.

their "network" was known and trusted even when they were selling some worthless junk to each other.

would you trust your dollars to a bank in rwanda?

[marcus_of_augustus]

I do not like the IBM news, and have gone into capital preservation mode by closing my long for now. I'll wait to see if the market can shake this off:  I believe IBM not using bitcoin will be construed as a negative, or at least an excuse to take profits.

http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312

Edit: one post up, worst. gif. ever. 

Just looks like a faster way for americans to get their dollars on an exchange to buy some bitcoin.

Yes, and it's worth saying that IBM may in the end give up on rolling their own once they realize theirs will not be as secure as bitcoin.

they did the same with linux OS ... first they rolled their own now they work off and contribute to the open standard kernel.

[Norway]

Letting IBM run a decentralised monetary system for governments is an uphill battle. Because the miners need their incentive. The fight would be between the miners needs, and the central banks control over money issuance. Big problem, no easy solution.

[michaelGedi]

IBM, do they still exist?

I remember the year 2000. I was working as chief programmer for a over-funded company wanting to make a "social interactive multiplayer online travel-game in the browser (flash)". I'm not kidding, I was sitting in a chesterfield chair while programming and running the development. The times were crazy! I made 100k USD a year! And I teached myself PHP/MySQL/Flash while working for them! (Getting paid while going to school, ha ha). I actually managed to make the game in time, and even make it a lot better than expected. But here I go, ranting about the good ol' days. What happened during this period was this:

The management knew that people from India were skilled programmers (for a reasonably price). So they hired an Indian guy, 50 years old, had been working for IBM in the states, now living in Norway. They hired him as my assistant without even consulting me, ha ha   Crazy times....

I spent A LOT OF TIME trying to teach him Flash. After a while, I understood that this sweet, Indian guy could never contribute to the project. It was the day that I had to show him how to type the "$" symbol with a standard keyboard.

Long story short: Does IBM still exist?  

is that a true story, bro?

[Norway]

IBM, do they still exist?

I remember the year 2000. I was working as chief programmer for a over-funded company wanting to make a "social interactive multiplayer online travel-game in the browser (flash)". I'm not kidding, I was sitting in a chesterfield chair while programming and running the development. The times were crazy! I made 100k USD a year! And I teached myself PHP/MySQL/Flash while working for them! (Getting paid while going to school, ha ha). I actually managed to make the game in time, and even make it a lot better than expected. But here I go, ranting about the good ol' days. What happened during this period was this:

The management knew that people from India were skilled programmers (for a reasonably price). So they hired an Indian guy, 50 years old, had been working for IBM in the states, now living in Norway. They hired him as my assistant without even consulting me, ha ha   Crazy times....

I spent A LOT OF TIME trying to teach him Flash. After a while, I understood that this sweet, Indian guy could never contribute to the project. It was the day that I had to show him how to type the "$" symbol with a standard keyboard.

Long story short: Does IBM still exist?  

is that a true story, bro?

Yes 

[Norway]

And now, I work as a slave at a warehouse for minimal wage. But I'm trying to get a work for Satoshi Labs in Prague right now. The Czech beer is the best in the world! (Staropramen, Budvar) 

[calme]

China is 80% of BTC trades.
Chinese love investing and profit.
So, where does IBM come into this?

[sAt0sHiFanClub]

I do not like the IBM news, and have gone into capital preservation mode by closing my long for now. I'll wait to see if the market can shake this off:  I believe IBM not using bitcoin will be construed as a negative, or at least an excuse to take profits.

http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312

It's tokenisation again. I guess this makes life sweeter in third world banking areas like the US. In the EU money moves around near instantly for free already.

The underlying principles of BTC are what turns me on at least, not another fancy way of moving existing money which is what this is.

 

Sounds like its just another alt-coin.  Its blockchain based, with a 'coin', but the difference being these coins represent a given value of fiat currency.
Seems more of an effort to do away with back office software like meridian or equation than as a runner for bitcoin mkII. If i was Misys I'd be more worried.

[shmadz]

Letting IBM run a decentralised monetary system for governments is an uphill battle. Because the miners need their incentive. The fight would be between the miners needs, and the central banks control over money issuance. Big problem, no easy solution.

The only reason for the miners is to provide security. The miners get paid accordingly for their efforts.

In a centralized scenario you would not need miners. I would expect IBM to offer the security and reap the rewards. (Hint: The real rewards do not come from issuance or. They come from retaining the ability to be the only ones able to cook the books) IBM could be forced by court order to do anything the gov't wants and they wouldn't even be able to say anything about it.


Btw.
Has anyone made a thread for this specific topic yet?

If so, could I be so lazy as to ask for the link?

If not, could someone please make one?

Thanks.

*edit* wasn't IBM the company in charge of providing the punch card machines to keep track of certain population details in Germany in the forties?? And now they're gonna keep track of your money?

Count me out.

[ChartBuddy]

Coin
Explanation

[Norway]

Letting IBM run a decentralised monetary system for governments is an uphill battle. Because the miners need their incentive. The fight would be between the miners needs, and the central banks control over money issuance. Big problem, no easy solution.

The only reason for the miners is to provide security. The miners get paid accordingly for their efforts.

In a centralized scenario you would not need miners. I would expect IBM to offer the security and reap the rewards. (Hint: The real rewards do not come from issuance or. They come from retaining the ability to be the only ones able to cook the books) IBM could be forced by court order to do anything the gov't wants and they wouldn't even be able to say anything about it.


Btw.
Has anyone made a thread for this specific topic yet?

If so, could I be so lazy as to ask for the link?

If not, could someone please make one?

Thanks.

Well... if IBM should provide the security, they would probably be extremely vulnerable to attacks.

[aztecminer]

I do not like the IBM news, and have gone into capital preservation mode by closing my long for now. I'll wait to see if the market can shake this off:  I believe IBM not using bitcoin will be construed as a negative, or at least an excuse to take profits.

http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312

It's tokenisation again. I guess this makes life sweeter in third world banking areas like the US. In the EU money moves around near instantly for free already.

The underlying principles of BTC are what turns me on at least, not another fancy way of moving existing money which is what this is.

 

Sounds like its just another alt-coin.  Its blockchain based, with a 'coin', but the difference being these coins represent a given value of fiat currency.
Seems more of an effort to do away with back office software like meridian or equation than as a runner for bitcoin mkII. If i was Misys I'd be more worried.

they already tried that with that coin backed by usd... hardly anyone even knows its name. i cant remember name of it. it was total gay it did not work . it was like whats the point ?? buy more bitcoins........................ i mean buy more gold like trump told us too: https://twitter.com/realDonaldTrump/status/575046156692094976

[ChartBuddy]

Coin
Explanation

[adamstgBit]

I do not like the IBM news, and have gone into capital preservation mode by closing my long for now. I'll wait to see if the market can shake this off:  I believe IBM not using bitcoin will be construed as a negative, or at least an excuse to take profits.

http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312

quote from the article
"When somebody wants to transact in the system, instead of you trying to acquire a bitcoin, you simply say, here are some U.S. dollars," the source said. "It's sort of a bitcoin but without the bitcoin."

i just have to say one thing...

[BlindMayorBitcorn]

We at 300 yet?