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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26412167 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
ChartBuddy
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April 29, 2015, 05:58:36 AM

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ChartBuddy
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April 29, 2015, 06:58:06 AM

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fonsie
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April 29, 2015, 07:34:58 AM
Last edit: April 29, 2015, 08:12:26 AM by fonsie

I always find your signature very hard to believe

Sigh.  Is it so hard to believe that someone may be just telling the plain boring truth, for a change?  Perhaps, when everybody is hiding behind a pseudonym, people grow to expect lies by default; but is harder to tell lies when you are using your own name, and you have a job where lying is not as forgivable as it is in finance or politics.

If you have seen enough of my posts, you should know that I *do* try to do serious data analysis, and to understand bitcoin deeper than Antonopoulos-level.  I think I have learned a few things about bitcoin that bitcoiners do not seem to be aware of, or try hard to ignore, or deny because they desperately need them to be false.  I think that this sort of thing is quite appropriate for a computer scientist to "waste" his time on.  (More so than the Fukushima disaster, although even then I did contribute some bits that others found useful.)  For example, this plot



that is strong evidence that the Chinese exchanges were leading the Nov/2013 bubble, and quite probably also the Apr/2013 one. (Which, of course, has many unpleasant implications for the future price and the solidity of bitcoin funds.)  Or this plot



that shows that the number of deposits per day into BitPay's receiving wallet was quite flat through most of 2014, and increased by a factor of ~3 since mid-2013; whereas this plot



shows that the bitcoin volume of those deposits has been constant at ~1000 BTC/day since Jan/2013.  (Explaining these numbers is not trivial, but they definitely contradict the claims of "booming adoption", and are consistent with may other indications that usage for e-payments is stagnant at best.)

And so on.  I don't know whether those pokings will yield something that many people will care to know, but, as some famous scientist said, "research is what I am doing when I don't know what I am doing"...

Ok, just to summarize:

1) Plot based on meaningless volume from china based exchanges
2) Bitpay is the only company in the world dealing with bitcoin or did the inclusion of other data not yield the same output as desired by you?

Do all the drug dealers use bitpay and is the drug market in a collapse?

If I use your research and apply it to the following use case "Yesterday 1 customer paid with bitcoin, today 2 customers paid with bitcoin", therefore worldwide adoption of bitcoin has doubled in a single day.

I suggest you keep you next posts on-topic or go copy/paste your fancy drawings in a brand spanking new post in the correct subforum.

Just to boost your ego a bit, which you obviously need to compensate for something...

Greetings from your personal troll!

PS: It's not our fault that you are stuck in a dead end job waiting for your retirement or death, whatever comes first, surrounded by colleagues that can't stand to watch at your smug face all day.

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I already got all the promotions that I could have in my career as teacher/scientist.
There are too many profs here who know me already, so my chances of being elected by accident would be pretty slim.
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April 29, 2015, 07:58:04 AM

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camolist
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April 29, 2015, 08:48:36 AM

Swap Payment on wallet deposit   0.41506677   

a+

loving these 0.598 % DAILY swap loans

i just don't understand why the borrowers do not click three buttons and re borrow at the current ask bids of 0.0654%....but i'll gladly take their bitcoin till the swap expires in 30 days or they wise up to the interest rates
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April 29, 2015, 08:58:04 AM

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Phillis
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April 29, 2015, 09:18:38 AM

meh, sideways then I would assume down. :/
sAt0sHiFanClub
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April 29, 2015, 09:22:13 AM

How do you 'give up an assumption'?  And 'interlocutor'?  Grin

I am certain Stolfi understood. If you didn't, I suggest you complete basic schooling.


I think (through your mangled english) you were trying to say that you have changed your opinion or your view. An assumption either is or it isn't. See?

You are clearly not as educated as Mr. Stolfi, so can I respectfully advise you dont try to fight him on an intellectual level. You just come across as being a fool.

Might I suggest instead you stick to your more basic verbal insults, name calling and ad-hominem attacks. They suit you better.
BlindMayorBitcorn
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April 29, 2015, 09:30:05 AM
Last edit: April 29, 2015, 09:42:17 AM by BlindMayorBitcorn

In case you missed it: https://twitter.com/RippleLabs/status/593171702516817920

"We're excited to announce ... we're working w/@WesternUnion on a pilot to provide infrastructure for real-time settlement."

You may now shake your heads. Roll Eyes
TakeTheSkyRoad
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April 29, 2015, 09:38:50 AM


Interesting but only really a UK launch if they support some UK specific functions like the Faster Payments Network which would allow fee-free bank transfers within minutes (about 15 minutes from experience) but this is just between local banks.

http://en.wikipedia.org/wiki/Faster_Payments_Service

Without this they are just another exchange offering GBP as an exchange pair.

The problem though is finding a banking partner in the UK and not say Estonia or Poland since UK banks don't want to touch bitcoin and have been known to actively bitcoiners close accounts.
It would be good to see this change and FPS integration with a UK bank would be the key turning point.
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April 29, 2015, 09:42:02 AM

In case you missed it: https://twitter.com/RippleLabs/status/593171702516817920

You may now shake your heads. Roll Eyes

Interesting..... I wonder if this would be using the Ripple network or a new network established just for Western Union.
It does say a "pilot to provide infrastructure for" rather than "adding to our network".

If it is Western Union's own network I can see XRP going down in value and not up lol
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April 29, 2015, 09:44:47 AM


Interesting but only really a UK launch if they support some UK specific functions like the Faster Payments Network which would allow fee-free bank transfers within minutes (about 15 minutes from experience) but this is just between local banks.

http://en.wikipedia.org/wiki/Faster_Payments_Service

Without this they are just another exchange offering GBP as an exchange pair.

The problem though is finding a banking partner in the UK and not say Estonia or Poland since UK banks don't want to touch bitcoin and have been known to actively bitcoiners close accounts.
It would be good to see this change and FPS integration with a UK bank would be the key turning point.

Hmm. That's a bit of a damp squib. They seemed to be hinting at getting a proper banking relationship but clearly couldn't pull it off. If somewhere with the muscle of Coinbase can't do it then than doesn't bode too well.

UK banking is a walled garden and they're all interlinked somehow. There's no way one bank could start to play bitcoin without the others threatening to refuse to play with them.

All an interesting object lesson in how incestuous and self serving the sector is.
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April 29, 2015, 09:47:55 AM


<coinbase in UK, bank stuff>

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The CEO explained his company has a banking partner in the EU region (although declined to name it), which agreed to support GBP payments

Now why would he decline to name the partner and say they were in the EU region, not UK? Hmmm ...
The language suggests to me that it is as you say, yet another work-around.
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April 29, 2015, 09:52:08 AM

In case you missed it: https://twitter.com/RippleLabs/status/593171702516817920

You may now shake your heads. Roll Eyes

Interesting..... I wonder if this would be using the Ripple network or a new network established just for Western Union.
It does say a "pilot to provide infrastructure for" rather than "adding to our network".

If it is Western Union's own network I can see XRP going down in value and not up lol

I don't get this project at all. How is it going to transfer wealth?

If it's just digital IOUs to WU itself then I guess regular fees will apply, unless it's a premium service and fees are higher.
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April 29, 2015, 09:55:25 AM

I agree with comments regarding Coinbase/Uk based exchanges and domestic sterling deposits. It has been and continues to be  an issue......no doubt about it.

But.......baby steps.
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April 29, 2015, 09:55:37 AM

Hmm. That's a bit of a damp squib. They seemed to be hinting at getting a proper banking relationship but clearly couldn't pull it off. If somewhere with the muscle of Coinbase can't do it then than doesn't bode too well.

UK banking is a walled garden and they're all interlinked somehow. There's no way one bank could start to play bitcoin without the others threatening to refuse to play with them.

All an interesting object lesson in how incestuous and self serving the sector is.

From the coinbase support page :

Quote
You may transfer EUR to your Coinbase Wallet via SEPA transfer or bank wire. You may transfer GBP or USD to your Coinbase Wallet via bank wire.

https://support.coinbase.com/customer/portal/articles/1963197-uk-customers-funding-coinbase-exchange-wallets

*sigh*
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April 29, 2015, 09:58:04 AM

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TakeTheSkyRoad
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April 29, 2015, 09:59:22 AM

I don't get this project at all. How is it going to transfer wealth?

If it's just digital IOUs to WU itself then I guess regular fees will apply, unless it's a premium service and fees are higher.

I mean purely based on the speculators..... what if the investors in XRP realise that it's entirely possible that Ripple Labs might licence out the technology rather than add institutions to the existing network ?

Either is a win for Ripple and brings money in to the company.
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April 29, 2015, 09:59:58 AM

Hmm. That's a bit of a damp squib. They seemed to be hinting at getting a proper banking relationship but clearly couldn't pull it off. If somewhere with the muscle of Coinbase can't do it then than doesn't bode too well.

UK banking is a walled garden and they're all interlinked somehow. There's no way one bank could start to play bitcoin without the others threatening to refuse to play with them.

All an interesting object lesson in how incestuous and self serving the sector is.

From the coinbase support page :

Quote
You may transfer EUR to your Coinbase Wallet via SEPA transfer or bank wire. You may transfer GBP or USD to your Coinbase Wallet via bank wire.

https://support.coinbase.com/customer/portal/articles/1963197-uk-customers-funding-coinbase-exchange-wallets

*sigh*

SEPA for EUR is still quite good.
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April 29, 2015, 10:03:06 AM


Interesting but only really a UK launch if they support some UK specific functions like the Faster Payments Network which would allow fee-free bank transfers within minutes (about 15 minutes from experience) but this is just between local banks.

http://en.wikipedia.org/wiki/Faster_Payments_Service

Without this they are just another exchange offering GBP as an exchange pair.

The problem though is finding a banking partner in the UK and not say Estonia or Poland since UK banks don't want to touch bitcoin and have been known to actively bitcoiners close accounts.
It would be good to see this change and FPS integration with a UK bank would be the key turning point.

Hmm. That's a bit of a damp squib. They seemed to be hinting at getting a proper banking relationship but clearly couldn't pull it off. If somewhere with the muscle of Coinbase can't do it then than doesn't bode too well.

UK banking is a walled garden and they're all interlinked somehow. There's no way one bank could start to play bitcoin without the others threatening to refuse to play with them.

All an interesting object lesson in how incestuous and self serving the sector is.

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