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

[Fakhoury]

we are going up or down?

Nobody knows, this ia bitcoin.

[brg444]

BitGold members with bank accounts at Chase, Bank of America, Wells Fargo, Citi, US Bank, USAA, Fidelity, Charles Schwab, Capital One and American Express will now be able to instantly deposit money from their bank account into Bigold, and vice versa.

http://bitgoldinc.tumblr.com/post/126948191730/bitgold-now-connected-to-nine-of-americas-largest

Damn, these guys are not messing around.

Tells you how little respect Bitcoin companies get from banks

[billyjoeallen]

I'll say this for Gavin and Hearn: I had no interest in ever running another full node again until this controversy.  If nodes proliferate so scaleforkers and cripplecoiners communicate their support and intensity of support, that's a good thing.

[Chef Ramsay]

New rule: all newbs go on ignore on site if they post in spec. There is absolutely no point in moderating bs threads (or sending them elsewhere) if this forum allows the degen to start as many as she wants. She wants the freedom to make 500 socks and run the mill for all the onlookers and the like to view in hopes that the new dumbies/interested parties just stay away or cash out. I suggest a firing squad at this point. Not really but for real, this forum has no active leadership, period.

[alesx.onfire]

If Bitcoin survives this it will come out way stronger, there is however also a significant chance that block size issue will turn Bitcoin into a failed experiment.   

quoted from ArticMine, 2013.

[ChartBuddy]

Coin
Explanation

[HostFat]

https://blog.coinbase.com/2015/08/20/our-referral-bonuses-have-increased-from-25-to-75/

Free lunch!

How is this possible?

[marcus_of_augustus]

https://blog.coinbase.com/2015/08/20/our-referral-bonuses-have-increased-from-25-to-75/

Free lunch!

How is this possible?

Their data-mining revenue per scalp must have increased, or been assessed more 'valuable'

For every user they stick their probe up "for their own protection" (AML/KYC) they harvest an incredible amount of information that is like gold to the data vultures ... probably sell it straight out the back door to the spooks.

[billyjoeallen]

If Bitcoin survives this it will come out way stronger, there is however also a significant chance that block size issue will turn Bitcoin into a failed experiment.   

quoted from ArticMine, 2013.

Right. This isn't an existential threat (yet), but it does show just how long core devs have been squabbling and their inability to reach their beloved consensus.  I don't know the players or the code well enough to know who wants to scale slower and who is merely using this issue to obstruct any improvement, but the status quo clearly will not do.  I suspect Core devs have until the end of the year at the latest to release their counterproposal until the major players defect and go to XT.  If the price continues to tank, they'll have far less than that. 

 

[billyjoeallen]

https://blog.coinbase.com/2015/08/20/our-referral-bonuses-have-increased-from-25-to-75/

Free lunch!

How is this possible?

Their data-mining revenue per scalp must have increased, or been assessed more 'valuable'

For every user they stick their probe up "for their own protection" (AML/KYC) they harvest an incredible amount of information that is like gold to the data vultures ... probably sell it straight out the back door to the spooks.

Either they think BTC is overvalued by a factor of four and are cashing out. I have accounts at circle.com and CB and I much prefer Circle. I get my money and coins faster. Also, that CB pump and dump when they rolled out their exchange was totally unprofessional.

[natewelt]

https://blog.coinbase.com/2015/08/20/our-referral-bonuses-have-increased-from-25-to-75/

Free lunch!

How is this possible?

Their data-mining revenue per scalp must have increased, or been assessed more 'valuable'

For every user they stick their probe up "for their own protection" (AML/KYC) they harvest an incredible amount of information that is like gold to the data vultures ... probably sell it straight out the back door to the spooks.

Either they think BTC is overvalued by a factor of four and are cashing out. I have accounts at circle.com and CB and I much prefer Circle. I get my money and coins faster. Also, that CB pump and dump when they rolled out their exchange was totally unprofessional.

They are just trying to attract more customers while at the same time rewarding customers they already have in order to gain loyalty. They expect to gain more in fees than they do giving out free bonuses in the long run. This also attracts more people to Bitcoin in general and helps motivate people to spread the word which also helps CB. Not everything is a scam people. This is just marketing. I'm amazed at the lack of understanding of this and how you people read into this in such twisted ways.

[marcus_of_augustus]

https://blog.coinbase.com/2015/08/20/our-referral-bonuses-have-increased-from-25-to-75/

Free lunch!

How is this possible?

Their data-mining revenue per scalp must have increased, or been assessed more 'valuable'

For every user they stick their probe up "for their own protection" (AML/KYC) they harvest an incredible amount of information that is like gold to the data vultures ... probably sell it straight out the back door to the spooks.

Either they think BTC is overvalued by a factor of four and are cashing out. I have accounts at circle.com and CB and I much prefer Circle. I get my money and coins faster. Also, that CB pump and dump when they rolled out their exchange was totally unprofessional.

They are just trying to attract more customers while at the same time rewarding customers they already have in order to gain loyalty. They expect to gain more in fees than they do giving out free bonuses in the long run. This also attracts more people to Bitcoin in general and helps motivate people to spread the word which also helps CB. Not everything is a scam people. This is just marketing. I'm amazed at the lack of understanding of this and how you people read into this in such twisted ways.

It's not a lack of understanding, rather you are being naive. Hey, when you've been screwed by the gubmints and corporations every way since sunday and sold down the river for your personal financial intel ... well, yes "everything is a damn scam people". A little cynicism is healthy after all, these guys are in it for profit and gubmint wants to control your life, no conspiracy necessary. If your product satisfies a need you hardly need the 'marketing' BS layer.

[natewelt]

https://blog.coinbase.com/2015/08/20/our-referral-bonuses-have-increased-from-25-to-75/

Free lunch!

How is this possible?

Their data-mining revenue per scalp must have increased, or been assessed more 'valuable'

For every user they stick their probe up "for their own protection" (AML/KYC) they harvest an incredible amount of information that is like gold to the data vultures ... probably sell it straight out the back door to the spooks.

Either they think BTC is overvalued by a factor of four and are cashing out. I have accounts at circle.com and CB and I much prefer Circle. I get my money and coins faster. Also, that CB pump and dump when they rolled out their exchange was totally unprofessional.

They are just trying to attract more customers while at the same time rewarding customers they already have in order to gain loyalty. They expect to gain more in fees than they do giving out free bonuses in the long run. This also attracts more people to Bitcoin in general and helps motivate people to spread the word which also helps CB. Not everything is a scam people. This is just marketing. I'm amazed at the lack of understanding of this and how you people read into this in such twisted ways.

It's not a lack of understanding, rather you are being naive. Hey, when you've been screwed by the gubmints and corporations every way since sunday and sold down the river for your personal financial intel ... well, yes "everything is a damn scam people". A little cynicism is healthy after all, these guys are in it for profit and gubmint wants to control your life, no conspiracy necessary. If your product satisfies a need you hardly need the 'marketing' BS layer.

I don't think I am being naive. Corporations attract customers in droves even if it causes them massive losses in the short-run all of the time. What they are looking for is positive operating cash flows down the road. CB has tons of investors giving them money to help them operate therefore everything they do at this time does not need to contribute to profits.

[billyjoeallen]

https://blog.coinbase.com/2015/08/20/our-referral-bonuses-have-increased-from-25-to-75/

Free lunch!

How is this possible?

Their data-mining revenue per scalp must have increased, or been assessed more 'valuable'

For every user they stick their probe up "for their own protection" (AML/KYC) they harvest an incredible amount of information that is like gold to the data vultures ... probably sell it straight out the back door to the spooks.

Either they think BTC is overvalued by a factor of four and are cashing out. I have accounts at circle.com and CB and I much prefer Circle. I get my money and coins faster. Also, that CB pump and dump when they rolled out their exchange was totally unprofessional.

They are just trying to attract more customers while at the same time rewarding customers they already have in order to gain loyalty. They expect to gain more in fees than they do giving out free bonuses in the long run. This also attracts more people to Bitcoin in general and helps motivate people to spread the word which also helps CB. Not everything is a scam people. This is just marketing. I'm amazed at the lack of understanding of this and how you people read into this in such twisted ways.

It's not a lack of understanding, rather you are being naive. Hey, when you've been screwed by the gubmints and corporations every way since sunday and sold down the river for your personal financial intel ... well, yes "everything is a damn scam people". A little cynicism is healthy after all, these guys are in it for profit and gubmint wants to control your life, no conspiracy necessary. If your product satisfies a need you hardly need the 'marketing' BS layer.

I think you could just pay your friends  a hundred and twenty five bucks to set up an account, buy a hundred dollars worth of BTC, and transfer it to you. They'd have $25.  You'd have $75 and $100 worth of BTC.

Hell, I might do that if I have time.

[ChartBuddy]

Coin
Explanation

[BlackSpidy]

I've said it before and I'll say it again. There is no excuse to allow the block size to be arbitrarily set whenever the devs feel like. I think it should be an automated process, Satoshi might have been justified in not setting a block size increase like he did with the supply decrease, but we have enough data now. We have enough data to make a reliable model based on empirical data, in order to periodically increase the block size. I think it would have been reasonable to increase the block size to 8mb. Maybe they should have just set it at 4mb and be done with it ^{until the next time we need a block size increase.}

I mean, we had 30+ mb block size limit, and we had not big issues then, right?

[ArticMine]

If Bitcoin survives this it will come out way stronger, there is however also a significant chance that block size issue will turn Bitcoin into a failed experiment.   

quoted from ArticMine, 2013.

Thanks for the quote. All I can say is that I just finished selling the bulk of my remaining Bitcoins for a mix of 80% CAD (Canadian Dollars) and 20% XMR (Monero)

[ChartBuddy]

Coin
Explanation

[billyjoeallen]

If Bitcoin survives this it will come out way stronger, there is however also a significant chance that block size issue will turn Bitcoin into a failed experiment.    

quoted from ArticMine, 2013.

Thanks for the quote. All I can say is that I just finished selling the bulk of my remaining Bitcoins for a mix of 80% CAD (Canadian Dollars) and 20% XMR (Monero)

thanks for playing. One less weak hand.

[ArticMine]

If Bitcoin survives this it will come out way stronger, there is however also a significant chance that block size issue will turn Bitcoin into a failed experiment.    

quoted from ArticMine, 2013.

Thanks for the quote. All I can say is that I just finished selling the bulk of my remaining Bitcoins for a mix of 80% CAD (Canadian Dollars) and 20% XMR (Monero)

thanks for playing. One less weak hand.

Everyone is entitled to their opinions. To understand what prompted me in my decision I suggest reading this article https://letstalkbitcoin.com/blog/post/confessions-of-an-r-bitcoin-moderator and the following thread https://bitcointalk.org/index.php?topic=1157912.0. There is a serious sickness in the Bitcoin community which goes far deeper than the fear of a drop in price. The recent closure of the following thread going back to 2012 is a perfect example. https://bitcointalk.org/index.php?topic=68655.0.

Edit: This thread has a poll. Let me guess: "CIA" is code for Gavin's proposal, in order to avoid this thread from being closed.