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

[Trolfi]

You should stop.

Can you imagine being this guys's colleague?

[adamstgBit]

Target: 270 - 275  in ~6 hours



looks even better with bitfinex chart

[Sitarow]

[Cassius]

Hm... I dont know. I guess repeating "you're full of shit" would be a less classy way to say that... though you could say I'm curious to see what claim he will say counts as evidence/proof of what he said to be true.
Most of what he says in response can be summed up to "hard fork here, hard fork there, poof! Magic!", so I guess I should stop.

Forget it. Telling him this stuff is actually useful and proving it by using it in ways you can't use fiat doesn't convince him, because of theoretical issues that don't seem to cause real world problems...

[JorgeStolfi]

I'm curious to see what claim he will say counts as evidence/proof of what he said to be true.
Most of what he says in response can be summed up to "hard fork here, hard fork there, poof! Magic!", so I guess I should stop.

No, what I said is "do a trivial hard fork, then follow the protocol".  And explained what happens. Did you even try to understand that?

Once more, that is what Gavin did to fix the OP_MUL bug years ago.  That fork actually created a clone of every bitcoin that existed at the point of the fork, that was (AFAIK) dozens of blocks earlier than the most current block at the time.  On that occasion, everybody agreed that the old protocol was broken and the current blockchain was messed up beyond repair, so everybody started mining and using Gavin's new coins on the new blockchain, and stopped extending the old blockchain; which made the original bitcoins worthless, and everybody agreed that the new bitcoins were the true ones.

(By the way, the old branch, with all the old bitcoins plus the gazillion BTC TXO, must still exist on someone's hard drive.  Someone could start mining it again, just for fun.  On that "true true blockchain",  something like ~2^64 satoshis have already been created, well beyond the intended  ~2^51 limit.  But the old pre-fork software may need a few tweaks in order to swallow that...   )

[macsga]

I'm not sure if anyone posted this yet:

Code:

Credit Suisse Publishes Paper on Bitcoin: Explores Integration with Traditional Financial System
by GIULIO PRISCO on MARCH 20, 2015 4
Mainstream banks and financial institutions are warming up to Bitcoin and digital blockchain-based fintech, 
often with a surprisingly positive and open-minded attitude.

In a recent research paper titled “One Bank Research Agenda,” the Bank of England said that Bitcoin could 
reshape the financial industry and called for further research to devise a system that could use distributed 
ledger technology without compromising a central bank’s ability to control its currency.

https://bitcoinmagazine.com/19652/credit-suisse-publishes-paper-bitcoin-explores-integration-traditional-financial-system/

Do the Swiss know more than the rest, or are the others just dumb?  

[ssmc2]

I'm not sure if anyone posted this yet:

Code:

Credit Suisse Publishes Paper on Bitcoin: Explores Integration with Traditional Financial System
by GIULIO PRISCO on MARCH 20, 2015 4
Mainstream banks and financial institutions are warming up to Bitcoin and digital blockchain-based fintech, 
often with a surprisingly positive and open-minded attitude.

In a recent research paper titled “One Bank Research Agenda,” the Bank of England said that Bitcoin could 
reshape the financial industry and called for further research to devise a system that could use distributed 
ledger technology without compromising a central bank’s ability to control its currency.

https://bitcoinmagazine.com/19652/credit-suisse-publishes-paper-bitcoin-explores-integration-traditional-financial-system/

Do the Swiss know more than the rest, or are the others just dumb?  

“Who do you trust more, your own central bank or an anonymous online network?” asks the author.

 

[ChartBuddy]

Coin
Explanation

[adamstgBit]

I'm not sure if anyone posted this yet:

Code:

Credit Suisse Publishes Paper on Bitcoin: Explores Integration with Traditional Financial System
by GIULIO PRISCO on MARCH 20, 2015 4
Mainstream banks and financial institutions are warming up to Bitcoin and digital blockchain-based fintech, 
often with a surprisingly positive and open-minded attitude.

In a recent research paper titled “One Bank Research Agenda,” the Bank of England said that Bitcoin could 
reshape the financial industry and called for further research to devise a system that could use distributed 
ledger technology without compromising a central bank’s ability to control its currency.

https://bitcoinmagazine.com/19652/credit-suisse-publishes-paper-bitcoin-explores-integration-traditional-financial-system/

Do the Swiss know more than the rest, or are the others just dumb?  

“Who do you trust more, your own central bank or an anonymous online network?” asks the author.

 

conclusion, everyone is just dumb

In b4 they smarten up

[spooderman]

who do you trust more regarding an accurate recollection of history? A larger group, or a smaller group?

[SilenceOfTheLamb]

who do you trust more regarding an accurate recollection of history? A larger group, or a smaller group?

Depends on a whole bunch of stuff, I suppose

[michaelGedi]

who do you trust more regarding an accurate recollection of history? A larger group, or a smaller group?

everybody knows the answer is the smaller group 

[hmmkay]

who do you trust more regarding an accurate recollection of history? A larger group, or a smaller group?

As long as large groups can be easily influenced by the media, smaller groups.

[JorgeStolfi]

who do you trust more regarding an accurate recollection of history? A larger group, or a smaller group?

As long as large groups can be easily influenced by the media, smaller groups.

But aren't smaller groups easily influenced by smaller media?  

[michaelGedi]

who do you trust more regarding an accurate recollection of history? A larger group, or a smaller group?

As long as large groups can be easily influenced by the media, smaller groups.

But aren't smaller groups easily influenced by smaller media?  

how small?

[empowering]

Some choose to not believe anything that anyone says.

[Fatman3001]

Some choose to not believe anything that anyone says.

And what do you say?

[empowering]

Some choose to not believe anything that anyone says.

And what do you say?

(you gotta be highly suspicious of the group that shout the loudest, especially if they are pretending to be do-gooders out to "help and inform you" they claim they are not effected in anyway, but just on a mission to convince you of their truth. Empires have always claimed to be bringing civilisation to the savages, for their own betterment of course)

TL/DR Trust NO ONE

[macsga]

Some choose to not believe anything that anyone says.

And what do you say?

(you gotta be highly suspicious of the group that shout the loudest, especially if they are pretending to be do-gooders out to "help and inform you" they claim they are not effected in anyway, but just on a mission to convince you of their truth. Empires have always claimed to be bringing civilisation to the savages, for their own betterment of course)

TL/DR Trust NO ONE

This involves the danger of being isolated and -believe me- this won't help you evolve (not personally speaking). A group of "not so trusted" people are much better than a "trusted" one when it comes to progress. Besides, all the great achievements are based on a "quantum leap of faith". Yes, there's the danger of you getting burned by your "entrusted" ones, but imho, it worths the risk.

[ChartBuddy]

Coin
Explanation