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

[abercrombie]

is crypto done?? 

[Erdogan]

if public gets notice of this fork-thing we could easily go double digits.

We are just waiting for the conclusion of the debacle, then MOON!

[marcus_of_augustus]

if public gets notice of this fork-thing we could easily go double digits.

We are just waiting for the conclusion of the debacle, then MOON!

you're an idiot if you think Hearn is taking you to the moon ... he's the lead engineer on the train to the gulags.

[pleaseexplainagain]

if public gets notice of this fork-thing we could easily go double digits.

Why?

public doesnt understand those technical details. all that is noticed is that there i a turmoil going on and we have suddenly two versions of bitcoin. thats EXTREMELY irritating!

agree although not sure it will hit it to 2 digits.
previously anything that made bitcoin look "bad' eg used for buying drugs people know that drugs were bought with fiat long before bitcoin existed or the mtgox things - people know that intermediaries eg banks do corrupt things eg the LIBOR scandal.
None of these bad things were actually related to bitcoin itself which I have always been telling people is very 'solid'. But to the person in the street the fork is the equivalent of having to look at very $20 note to see if the serial numbers on each end match. if this happened with fiat there would be much uncertainty.

 It is never a good thing for bitcoin when we are trying to tell people that it overcomes fiat issues and yet we now seem we have an issue that fiat does not have.

[gentlemand]

Of course the media'll pick it up. It's drama and that sells.

I think it'll be the biggest shit storm yet and over faster than we expect.

[Richy_T]

Lol, "commie talk" indeed, I should mine for you for free?

Fuck you, enjoy your fork, asshole.

Then only mine transactions with fees at a level you find acceptable. That's the point, not artificial scarcity.

[And yes, the block reward is heavily distorting the market right now. However, transactions are currently being oversubsidised which is an argument not to artificially restrict transactions in a block if anything]

[ssmc2]

260 gonna hold?

edit: not on Stamp

[chromosoma]

Bitcoin is going down because I discovered the new way  to mine BITC with CPU.
https://www.youtube.com/watch?v=kd8dvgErQ14
Inflation...

[Erdogan]

if public gets notice of this fork-thing we could easily go double digits.

We are just waiting for the conclusion of the debacle, then MOON!

you're an idiot if you think Hearn is taking you to the moon ... he's the lead engineer on the train to the gulags.

Who is fucking hearn?

Gloucestershire slang. Originating from teenagers who hang out at Gloucester Cathedral, "hern" is another word for "cigarette" (preferably a "roll-up").

The internet is so good!

[Fakhoury]

if public gets notice of this fork-thing we could easily go double digits.

Of course the media'll pick it up. It's drama and that sells.

I think it'll be the biggest shit storm yet and over faster than we expect.

Can't agree more !!

[shmadz]

if public gets notice of this fork-thing we could easily go double digits.

Why?

public doesnt understand those technical details. all that is noticed is that there i a turmoil going on and we have suddenly two versions of bitcoin. thats EXTREMELY irritating!

Not sure if public even cares about fork thing. Current solution is not final it is just a proposal... and it looks like many will upload to Bitcoin XT. Will be interesting to see what happens next.

Yeah, more likely it will be more like "Sounds like this bitcoin thing might be more serious than I thought"

Ahhhhh, this is it! The singularity! The bots are conscious!

[ssmc2]

if public gets notice of this fork-thing we could easily go double digits.

Why?

public doesnt understand those technical details. all that is noticed is that there i a turmoil going on and we have suddenly two versions of bitcoin. thats EXTREMELY irritating!

Not sure if public even cares about fork thing. Current solution is not final it is just a proposal... and it looks like many will upload to Bitcoin XT. Will be interesting to see what happens next.

Yeah, more likely it will be more like "Sounds like this bitcoin thing might be more serious than I thought"

Ahhhhh, this is it! The singularity! The bots are conscious!

Lol

[Erdogan]

I have a hard time defending my longs. Can we have larger blocks now? Thank you.

[podyx]

Sold half my trading stash

We probably gonna be back at 265 tomorrow and I'll buy back but oh well

[billyjoeallen]

Looks like Hearn's bankster-buddy handlers at Circle want to buy lower so they pushing hard for the PanoptiCoin and extended bitcoin turmoil.

Welcome back! I haven't seen you in a while. So what's the big deal about 8 mb blocks? It's similar to a difficulty increase and effects everyone equally, so why should anyone mind? If mining gets harder, that just prevents potential competition from entering the market, right? 

[Fakhoury]

Sold half my trading stash

We probably gonna be back at 265 255 tomorrow and I'll buy back but oh well

FTFY

[sAt0sHiFanClub]

if public gets notice of this fork-thing we could easily go double digits.

We are just waiting for the conclusion of the debacle, then MOON!

you're an idiot if you think Hearn is taking you to the moon ... he's the lead engineer on the train to the gulags.

You damn troll,  away with you!!   To the List!!!


Even I dropped my jet-pack in for a service today - just in case...   

[shmadz]

Lol, "commie talk" indeed, I should mine for you for free?

Fuck you, enjoy your fork, asshole.

Then only mine transactions with fees at a level you find acceptable. That's the point, not artificial scarcity.

[And yes, the block reward is heavily distorting the market right now. However, transactions are currently being oversubsidised which is an argument not to artificially restrict transactions in a block if anything]

Come on Richy, you been around as long as anyone. What I do or don't doesn't make for a hill of beans. My hashpower amounts for as much as my vote, absolutely nothing.

My concern here is that if there is no scarcity of inclusion in the blocks, then there is no incentive to pay a fee.  No fees, no incentive to mine.  

It's pretty simple. If there does not exist enough monetary incentive to secure the network at a level larger than the potential reward for attacking the network, then we're toast. "Game over man, game over."

[Erdogan]

Looks like Hearn's bankster-buddy handlers at Circle want to buy lower so they pushing hard for the PanoptiCoin and extended bitcoin turmoil.

PanoptiCoin. Good one!

[ChartBuddy]

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