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

[ejinte]

CCMF

Moving Satoshi coins case?

[eerygarden]

CCMF

*growls

[ChartBuddy]

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Explanation

[JorgeStolfi]

Another "stress test" just started.  The backlog is already 60 MB of unconfirmed transactions, and the input traffic is ~ 3 MB every 10 minutes, or ~5 kB/s .  So far, the tester is paying 0.2 mBTC/kB, like the last one.  Will it keep at that, or increase the fees later?

How accurate are these figures?  Its a simulation of a model of the system, so doubly removed!!.
As the dev admits, " the main tradeoff, however, is the dependence on the model assumptions"

AFAIK, the "simulation" is only for the top graph (what fees you would need to get expectation of N minutes to first confirmation), and for the dashed line (capacity) on the bottom graph.  The backlog (solid line) and incoming traffic (dotted) on the bottom graph are real data.

The information about the fees being paid by teh unconfirmed transactions comes from this other site.  The big step at 0.20 mBTC/kB must be largely due to the test transactions. 

Right now there appeared another large step at ~0.50 mBTC/kB; that may be test transactions, too.  However, those transctions are still below the 750 kB level, so they may affect only those transactions (a few thousand?) that paid between 0.20 and 0.35 (beware that the graph is changing all the time).  But they may be a sign that the "tester" is raising his annoyance goal...

Thanks for the informational post. Are you aware of the "stress tests" that China incorporates for about a couple of weeks now towards the global economic system? What is your professional opinion of the commodities drop and how this is going to evolve within a time period of (let's say) 2 months?

Sorry, I don't follow the news about the general economy.  Bitcoin watching already takes too much of my time...

[ChartBuddy]

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[ChartBuddy]

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[gotmilk_]

https://blog.bitpay.com/bitcoin-a-new-global-economy/

[ChartBuddy]

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[ChartBuddy]

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[Norway]

Patrick Byrne (Overstock.com) live streaming right now:
http://www.ustream.tv/channel/overstockceo

[ChartBuddy]

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[hodlmybtc]

7 Chartbuddy posts on 1 page, damn it's dead around here

[marcus_of_augustus]

7 Chartbuddy posts on 1 page, damn it's dead around here

bullish signal.

[JorgeStolfi]

Just watched Patrick Byrne's announcement.  Basically he announced "t0.com" (tee-zero), a registry for asset ownership that uses ~~the~~ a blockchain to record actual ownership of stocks and similar things.  He claims it will give shareholders actual ownership of the shares, and contrasted it with the current system, under which a shareholder does not actually own a share of the company, but only has an IOU from a privileged company that actually owns all the shares.

They are ging to use the Bitcoin blockchain at first, but he said something like "It is ledger agnostic - it can work on Bitcoin, on Ripple, and on another one we are working with but can't tell you yet".

[ChartBuddy]

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[Patel]

Just watched Patrick Byrne's announcement.  Basically he announced "t0.com" (tee-zero), a registry for asset ownership that uses ~~the~~ a blockchain to record actual ownership of stocks and similar things.  He claims it will give shareholders actual ownership of the shares, and contrasted it with the current system, under which a shareholder does not actually own a share of the company, but only has an IOU from a privileged company that actually owns all the shares.

They are ging to use the Bitcoin blockchain at first, but he said something like "It is ledger agnostic - it can work on Bitcoin, on Ripple, and on another one we are working with but can't tell you yet".

nice summary

[jbreher]

Just watched Patrick Byrne's announcement. 

I raced onto Ustream as soon as I saw it posted here. Arrived about 45 minutes in.

I found his statement that securities lending (e.g. owners of securities lending them to hedge funds in order to allow options and other derivatives) make up 40-45% of the profits of big wall street firms interesting. The spreads involved (if indeed his claims are valid) are usurious. His example had the middleman pocketing 95% of the costs of this activity. He claims that t0 can tokenize this ownership. Once tokenized, these rights can be traded on a (the?) blockchain. This would disintermediate all but the tokenization process, leading to significant (read that a la Trump saying 'uuuuuge) savings for both buyer and seller. And replacing regulation made of fallible human controls with regulation made of algorithm.

I don't know anything about large-scale finance, but I find this extremely interesting news. Oh yeah - and bullish.

[ticoti]

7 Chartbuddy posts on 1 page, damn it's dead around here

lateral market signal

[ChartBuddy]

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[shmadz]

Ahhh, the good old dog days of summer... price is just barely limping along... feels like it could drop any minute now, but support has been pretty strong (or perhaps the sellers have just run out of steam?)

s-i-d-e-w-a-y-s   a-l-l   s-u-m-m-e-r