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

[ChartBuddy]

Coin
Explanation

[JimboToronto]

h&s pattern completing...

  Which h&s pattern?

I don't see one.

[Norway]

I just took took a look at the early pages of this thread. Everyone was constructive and positive. Adam wasn't drunk. This really is the post-apocalyptic WO-thread. No wonder there are so many doomsday preppers here.

Ross Ulbricht has been sentenced to life in prison  

http://www.coindesk.com/ross-ulbricht-sentenced/

He moved a ton of drugs, that'll happen. At least in the US.

So does the United States Postal Service.

I think there is a campaign for his release if you want to fight for this prick.

http://freeross.org/

Thanks. I saw a clip of his mother at an event. She is so impressive! She is certainly not taking the role of a crying mother that just love her son. She is fighting like a lawyer. Because that's what work. I'm not going into details, but US agents both proposed and faked the killing of a person. Who should be prosecuted?

What she's trying to do then is to render the whole investigation invalid because of a technicality. Which makes only sense if you're his mum.

I'm just impressed to see moms work like that. In history books, Ross was a pioneer for the new monetary system. The new one, that made it difficult to start wars far away from your country. The new system that made it possible for the people to work less because of technological advances. The new currency that made people people instead of live stock.

[gentlemand]

I'm just impressed to see moms work like that.

That's what any loving mother would feel obligated to do. She is not going to be the most objective person in the world.

I hope something is done or unearthed to address that sentencing. I don't think The Man has been all that objective either.

[Norway]

I'm just impressed to see moms work like that.

That's what any loving mother would feel obligated to do. She is not going to be the most objective person in the world.

I hope something is done or unearthed to address that sentencing. I don't think The Man has been all that objective either.

You are seriously missing the point. Off course she loves her son. Like your mom loves you. But. She is diving in to the technicallitys, and fighting like Jeanne d'Arc. And she has some good points. If your point is that she is incompetent, you're way off.

[Fatman3001]

h&s pattern completing...

  Which h&s pattern?

I don't see one.

Must be this dude:



Anyhew, it's not like it matters. The clearest anti dandruff shampoo I ever saw was Feb 15 to Apr 15 this year, and nothing happened.

[JorgeStolfi]

Blockchain Android app sucks:
http://arstechnica.com/security/2015/05/crypto-flaws-in-blockchain-android-app-sent-bitcoins-to-the-wrong-address/

Basically, under some circumstances the random bits used to generate the key would be fetched from a public website with HTTP.  They did not check for HTTP errors or redirects; so, when the site returned a HTML message "please use HTTPS instead of HTTP" they used the first 32 bytes of that message.

And to think that I thought that Dilbert's famous random number generator was just a funny joke.

And to think that, not long ago, they had another incident where hundreds of private keys were revealed, and even some of them collided, because of another RNG bug.

The funniest thing is that the victim and other clients now praise them for the prompt response...

[ChartBuddy]

Coin
Explanation

[shmadz]

https://www.reddit.com/r/Bitcoin/comments/37q8qh/are_people_still_planning_to_do_a_tx_stress_test/

'bout time something interesting happened.

T-47 minutes...

[adamstgBit]

https://www.reddit.com/r/Bitcoin/comments/37q8qh/are_people_still_planning_to_do_a_tx_stress_test/

'bout time something interesting happened.

T-47 minutes...

we should stress test bitfinex's buy button at the same time.

[ChartBuddy]

Coin
Explanation

[LFC_Bitcoin]

Blockchain Android app sucks:
http://arstechnica.com/security/2015/05/crypto-flaws-in-blockchain-android-app-sent-bitcoins-to-the-wrong-address/

Basically, under some circumstances the random bits used to generate the key would be fetched from a public website with HTTP.  They did not check for HTTP errors or redirects; so, when the site returned a HTML message "please use HTTPS instead of HTTP" they used the first 32 bytes of that message.

And to think that I thought that Dilbert's famous random number generator was just a funny joke.

And to think that, not long ago, they had another incident where hundreds of private keys were revealed, and even some of them collided, because of another RNG bug.

The funniest thing is that the victim and other clients now praise them for the prompt response...

According to this entry in the Bitcoin ledger, the owner of the lucky 1Bn9ReEocMG1WEW1qYjuDrdFzEFFDCq43F address appears to have received almost 34 bitcoins since the January, when the address became active (hat tip to Ars reader Bob Loblaw). Nicholas Weaver, a security researcher at the International Computer Science Institute in Berkeley, California, said it's possible multiple people may have been able to benefit from the error through the use of "tumbler" services designed to obfuscate how bitcoins are spent and received. Still, the at today's rate, the 34 bitcoins are worth about $8,100

Oops - that's a nice little unexpected present isn't it hehe.
I wonder how many people would do the right thing & send the coins back to their rightful owner?
I'd have to, it wouldn't be right to keep them, a lot of people would though unfortunately

[Cconvert2G36]

https://www.reddit.com/r/Bitcoin/comments/37q8qh/are_people_still_planning_to_do_a_tx_stress_test/

'bout time something interesting happened.

T-47 minutes...

And... the "stress test" has hit a whopping 1,901KB worth of unconfirmed tx. I've seen it be a multiple higher than that on just a random day.

https://blockchain.info/unconfirmed-transactions

Tis climbing tho

[Riddikulo]

Lol 4400 unconfirmed transactions.

2232.1044921875 (KB) Block size.

[luckygenough56]

https://www.reddit.com/r/Bitcoin/comments/37q8qh/are_people_still_planning_to_do_a_tx_stress_test/

'bout time something interesting happened.

T-47 minutes...

And... the "stress test" has hit a whopping 1,901KB worth of unconfirmed tx. I've seen it be a multiple higher than that on just a random day.

https://blockchain.info/unconfirmed-transactions

Tis climbing tho

now that's interesting climbing fast 4500 unconfirmed break in 3 2 1...

[Alley]

What is the average number during a normal day of unconfirmed transactions?  And what number indicates a problem?  Or do we just need to see how long it takes to confirm 4000 transactions?  Theoreticaly at 7per second it should still take less then 10 min?

[shmadz]

Lol 4100 unconfirmed transactions.

2142.1044921875 (KB) Block size.

Mostly just because miners haven't found a block in the last 30 minutes, which is just coincidentally the same time the "test" began.

[Riddikulo]

Lol 4100 unconfirmed transactions.

2142.1044921875 (KB) Block size.

Mostly just because miners haven't found a block in the last 30 minutes, which is just coincidentally the same time the "test" began.

5500 unconfirmed transactions and 2650 KB block size, this will fuck a lot of miners.

[shmadz]

Lol 4100 unconfirmed transactions.

2142.1044921875 (KB) Block size.

Mostly just because miners haven't found a block in the last 30 minutes, which is just coincidentally the same time the "test" began.

4900 unconfirmed transactions and 2500 KB block size, this will fuck a lot of miners.

How does this affect miners at all? Miners can output empty block if they want, regardless of how many unconfirmed transactions. When it comes to creating blocks, the miners run the show.

Edit: one thing I do find funny though, Satoshi implemented the 1MB block limit as a denial of service prevention measure, and now a handful of people on reddit are performing a denial of service attack on the network to protest the limit that was supposed to prevent the attack... 

[Cconvert2G36]

For context, I've seen a backlog of 6900 transactions on an exciting trading day.

Edit: It seems that bigger blocks would make a tx spam DOS attack more expensive for the attacker, not the other way around.