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

[Norway]

Yes, I'm drunk now.

I would never have guessed.

Yes, I actually fed my Jack Daniel bottle with my sexy nipple, just as you giffed.
But: Is that all you take away from my text? I worked hard! And you are not that stupid! Skjerpings, Fatman! He he hi hi hi

EDIT: And the headline i made for the leftie newspaper Klassekampen was this in norwegian: Oppholder seg ulovlig i verden. (Yes, still proud of that headline!)

[ChartBuddy]

Coin
Explanation

[BlackSpidy]

We ether stay in low $250s, high $240s, or punch right through the downtrend log line... or kiss it, and settle back down to $240s. We'll see within 48 hours.

[Chef Ramsay]

Sure everybody in greece wont flock to bitcoin.  But some people WILL put some wealth there.  In a year we might look back at this as the catalyst that started a bull run.  Already started at $220ish a couple weeks ago really.

Maybe very slow, very shallow rally? I hope? One thing for sure, (in my mind at least)  the year-long downtrend is over.



Now expecting many months of the sideways...



I'm predicting we'll stay in this range for the rest of the summer at least...

No way bro, we be going up from here and out of this range for sure. Now is the time to go all in for the moonshot that is coming. Shit is about to get real serious up in here.

[Brewins]

We ether stay in low $250s, high $240s, or punch right through the downtrend log line... or kiss it, and settle back down to $240s. We'll see within 48 hours.

low 250, high 240

Anyway I don't see signals of a bigger rise at the moment, so I guess stay in 240-250 for a while

[Fatman3001]

Yes, I'm drunk now.

I would never have guessed.

Yes, I actually fed my Jack Daniel bottle with my sexy nipple, just as you giffed.
But: Is that all you take away from my text? I worked hard! And you are not that stupid! Skjerpings, Fatman! He he hi hi hi

There's not much specific in what you wrote to have an opinion about. I could give you a general opinion though.


Yes, linking ID to the blockchain could make a lot of sense. It could make it possible for authorities to check the identity of asylum seekers against blockchain information made public before whatever sent them running happened. There are some problems though.

In order for the information to be credible it needs to be registered or verified by a trusted body. I would think the country of origin would want control of that process. But as long as procedures are standardized (what, how and when should be registered) and overseen by the UN it should be possible to rely on the information given by the states. And if we reach the point where every country registers the identity of their citizens on the blockchain, any refugees from a later conflict could easily be identified.

Another problem would be how to transparently register enough information for it to be useful as a universal form of ID without infringing on peoples right to privacy.

Such a registry is not really reliant on blockchain tech. Why don't we have such a registry managed by the UN today?

A private effort might make sense, I just don't see how it would be credible.

[Chef Ramsay]

Paging tarmi and the dumbshit nlc, we appear to have a price malfunction!

Some people love nostalgia so much that they fail to catch on to new trends and this will be their epic tragedy. Hubris runs deep in some in this changing market so there'll be those that get wiped out in such an unbelievable and shocking fashion. Tarmi will get smoked like a joint coming up if he don't come down off his high horse and get with the new program.

[Norway]

Yes, I'm drunk now.

I would never have guessed.

Yes, I actually fed my Jack Daniel bottle with my sexy nipple, just as you giffed.
But: Is that all you take away from my text? I worked hard! And you are not that stupid! Skjerpings, Fatman! He he hi hi hi

There's not much specific in what you wrote to have an opinion about. I could give you a general opinion though.


Yes, linking ID to the blockchain could make a lot of sense. It could make it possible for authorities to check the identity of asylum seekers against blockchain information made public before whatever sent them running happened. There are some problems though.

In order for the information to be credible it needs to be registered or verified by a trusted body. I would think the country of origin would want control of that process. But as long as procedures are standardized (what, how and when should be registered) and overseen by the UN it should be possible to rely on the information given by the states. And if we reach the point where every country registers the identity of their citizens on the blockchain, any refugees from a later conflict could easily be identified.

Another problem would be how to transparently register enough information for it to be useful as a universal form of ID without infringing on peoples right to privacy.

Such a registry is not really reliant on blockchain tech. Why don't we have such a registry managed by the UN today?

A private effort might make sense, I just don't see how it would be credible.

Hey! I'm getting more drunk!

The short story, is that you have 100% control of your own identity.
In Norway, you can choose your first your first and last name. And 3 days ago, a new rule came. You can choose your sex! Just send a form to the authoritys, and they will adjust their central database. It's almost what I'm talking about!

Still, last time I got a passport, they scanned all my fingers. I asked the lady, "are you sharing or storing that info?" She said no, don't worry. And I needed the passport, I wanted to travel. So.... I didn't make a scene.

EDIT: The idea of being in 100% control of your identity is probably to crazy for you! I know it can be done in a practical way. PM me if you have the right connections!

[ChartBuddy]

Coin
Explanation

[abercrombie]

are we rich yet??  

[BlindMayorBitcorn]

LOL

[JorgeStolfi]

I don't trust you. I know you lie about your motive. It's not academic interest.

As I have explained many times, it is not just academic interest; I feel I have also the obligation of giving public information about it (like I have been doing for 10 years about electronic voting).

BTW, two days ago one of my students asked me whether it was worth mining bitcoin with GPU cards.   Luckily I knew enough to tell him to forget the idea. 

It was only the second time someone asked me in person about bitcoin, since I started following it; and the previous case, too, was about GPU mining.  I wonder now whether someone is trying to sell some bitcoin mining project around here...

[Norway]

Yes, I'm drunk now.

I would never have guessed.

Yes, I actually fed my Jack Daniel bottle with my sexy nipple, just as you giffed.
But: Is that all you take away from my text? I worked hard! And you are not that stupid! Skjerpings, Fatman! He he hi hi hi

There's not much specific in what you wrote to have an opinion about. I could give you a general opinion though.


Yes, linking ID to the blockchain could make a lot of sense. It could make it possible for authorities to check the identity of asylum seekers against blockchain information made public before whatever sent them running happened. There are some problems though.

In order for the information to be credible it needs to be registered or verified by a trusted body. I would think the country of origin would want control of that process. But as long as procedures are standardized (what, how and when should be registered) and overseen by the UN it should be possible to rely on the information given by the states. And if we reach the point where every country registers the identity of their citizens on the blockchain, any refugees from a later conflict could easily be identified.

Another problem would be how to transparently register enough information for it to be useful as a universal form of ID without infringing on peoples right to privacy.

Such a registry is not really reliant on blockchain tech. Why don't we have such a registry managed by the UN today?

A private effort might make sense, I just don't see how it would be credible.

This time, I actually read what you wrote (yes, very drunk. Trying to focus.). The clue is to have a system where your bio stuff (dna) is your secret key, and you select what info you want to relate to that. And who can read it. You should be the boss of your ID. It's very different from what you are used to!  

[Norway]

I don't trust you. I know you lie about your motive. It's not academic interest.

As I have explained many times, it is not just academic interest; I feel I have also the obligation of giving public information about it (like I have been doing for 10 years about electronic voting).

BTW, two days ago one of my students asked me whether it was worth mining bitcoin with GPU cards.   Luckily I knew enough to tell him to forget the idea. 

It was only the second time someone asked me in person about bitcoin, since I started following it; and the previous case, too, was about GPU mining.  I wonder now whether someone is trying to sell some bitcoin mining project around here...

Jorge, you are lying! It's tempting to tell your employer! You are not honest about your agenda.

[BlindMayorBitcorn]

I don't trust you. I know you lie about your motive. It's not academic interest.

As I have explained many times, it is not just academic interest; I feel I have also the obligation of giving public information about it (like I have been doing for 10 years about electronic voting).

BTW, two days ago one of my students asked me whether it was worth mining bitcoin with GPU cards.   Luckily I knew enough to tell him to forget the idea.  

It was only the second time someone asked me in person about bitcoin, since I started following it; and the previous case, too, was about GPU mining.  I wonder now whether someone is trying to sell some bitcoin mining project around here...

Jorge, you are lying! It's tempting to tell your employer! You are not honest about your agenda.

[BlackSpidy]

The clue is to have a system where your bio stuff (dna) is your secret key, and you select what info you want to relate to that. And who can read it. You should be the boss of your ID. It's very different from what you are used to!  

I'm totally talking out of my ass, as I know very little about encryption, but can't you encrypt something and have the key be some biological feature unique to you? Like... the code to an image of your fingerprint, or your entire genome (just to be safe)?

[JorgeStolfi]

The main driver for bitcoin prices seem to be Greek buyers.  Joshua Scigala, co-founder of Vaultoro.com, told Reuters this week that his company has seen a 124 per cent pick up in web hits from Greek IP addresses.
http://business.financialpost.com/investing/bitcoin-is-the-real-winner-in-greece-crisis

Vaultoro sells gold for bitcoin.  Perhaps those hits were just Greek googling for "gold".

The recent price rise may not be due to Greeks buying bitcoin, but rather to non-Greeek traders buying bitcoins because they expect the Greek to buy.

Someone noted that it started as soon as negotiations collapsed and Tsipras announced the referendum.  Wasn't that too soon?  It would take time for the Greeks to open accounts at Bitstamp or Coinbase, send their money there, etc..

I wonder how many Greek have heard of bitcoin but haven't heard of Neo&Bee?

Speaking of Vaultoro, now that I have been nominated official scam-buster: I cannot find what the two young owners did before launching teh company,  the country where they are located,the name of any associated companies (auditors, insurers, the gold vault company, etc.).  I haven't looked, but I would not be surprised if they are not registered as a company anywhere.   The website seems to say that they don't require AML/KYC documents.  All are strong hints that it is a scam...

[Patel]

The main driver for bitcoin prices seem to be Greek buyers.  Joshua Scigala, co-founder of Vaultoro.com, told Reuters this week that his company has seen a 124 per cent pick up in web hits from Greek IP addresses.
http://business.financialpost.com/investing/bitcoin-is-the-real-winner-in-greece-crisis

Vaultoro sells gold for bitcoin.  Perhaps those hits were just Greek googling for "gold".

The recent price rise may not be due to Greeks buying bitcoin, but rather to non-Greeek traders buying bitcoins because they expect the Greek to buy.

Someone noted that it started as soon as negotiations collapsed and Tsipras announced the referendum.  Wasn't that too soon?  It would take time for the Greeks to open accounts at Bitstamp or Coinbase, send their money there, etc..

I wonder how many Greek have heard of bitcoin but haven't heard of Neo&Bee?

Speaking of Vaultoro, now that I have been nominated official scam-buster: I cannot find what the two young owners did before launching teh company,  the country where they are located,the name of any associated companies (auditors, insurers, the gold vault company, etc.).  I haven't looked, but I would not be surprised if they are not registered as a company anywhere.   The website seems to say that they don't require AML/KYC documents.  All are strong hints that it is a scam...

Not defending Vaultoro, but alot of your facts are wrong.

Vaultoro does not sell gold. They accept Bitcoin, and give you credits that represent gold value, you cannot actually redeem the gold. You redeem BTC that is the gold value equiavelent.

They require AML/KYC after a certain volume threshold.

[JorgeStolfi]

I love that comic. I love it so much. Because it works so well in a different context. Can you guess the context of the following image? (hint: 2008)

Erm, thanks for the compliments ...

... but I think of my cartoons are just another way of expressing myself.  Feel free to copy and reuse them as you wish, but please do not modify them to make them "say" things that I did not "say".  That is what the "ND" (no derivatives) means in the Creative Commons code.

[JorgeStolfi]

Speaking of Vaultoro, now that I have been nominated official scam-buster: I cannot find what the two young owners did before launching teh company,  the country where they are located,the name of any associated companies (auditors, insurers, the gold vault company, etc.).  I haven't looked, but I would not be surprised if they are not registered as a company anywhere.   The website seems to say that they don't require AML/KYC documents.  All are strong hints that it is a scam...

Not defending Vaultoro, but alot of your facts are wrong.

Vaultoro does not sell gold. They accept Bitcoin, and give you credits that represent gold value, you cannot actually redeem the gold. You redeem BTC that is the gold value equiavelent.

They require AML/KYC after a certain volume threshold.

Ah, OK, thanks.  But it does not change the point.  If Vaultoro disappears with the clients' BTC, where will the victims press charges?  Against who? Are those the real names of the owners?

If they don't deliver the gold, then they don't need to actually buy and store it.  It is very convenient.  They just let clients play the trading game with pretend gold on their database.  And they can shave money from clients  by the usual tricks (front running, spreads, etc.) 

It is like BitReserve, that lets clients trade any foreign currencies (and also gold and silver, IIRC), with zero fees and zero spread!  How can they do that? Easy, like Vaultoro, clients can deposit BTC and withdraw only BTC.  So the forex trades are all pretend...  They promised that withdrawals in other currencies will be available "soon", but...