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

[Richy_T]

problem for me is i have been butthurt for months now... i been talking trash about bitcoin for months now. and i am going to continue to talk trash... when mofos try to get even with me cuz they are mad cuz i will kick their ass for wronging me then we get into a boxing match... this is about being WRONGED. that is why i am being a total biatch and refuse to stop being a total biatch... check this out what i wrote before so far:

Paging the real aztecminer, your children have found the password post-it.

[Cconvert2G36]

@aztecminer

you went mia for monthsdays just to come back super butt hurt when btc broke 300$?

 

problem for me is i have been butthurt for months now... i been talking trash about bitcoin for months now. and i am going to continue to talk trash... when mofos try to get even with me cuz they are mad cuz i will kick their ass for wronging me then we get into a boxing match... this is about being WRONGED. that is why i am being a total biatch and refuse to stop being a total biatch... check this out what i wrote before so far:

[Richy_T]

Most their funding is in Bitcoin. Bitcoin's up.

I think they sold a large chunk of it. I recall some kind of fuss at the time.

[gentlemand]

Most their funding is in Bitcoin. Bitcoin's up.

I think they sold a large chunk of it. I recall some kind of fuss at the time.

Indeed and now they're moaning about not having enough money left because they didn't dump quick enough.

[katafrag]

china is going to wake up in a few hours, gessing how much the spike will be + 5%

[wutizurkwest]

6:45 AM in Shanghai and someone's buying.  I bet we cross 2000 RMB again in the next few hours.

[billyjoeallen]

7. bitcoin has NO PRIVACY... this makes it unconstitutional. EVERY transaction is recorded in the blockchain and can be traced. some of the more advanced bitcoin users watch stolen coins move from wallet to wallet all the time.. maybe watching for stolen coins moving is beneficial but clearly bitcoin is like an NSA spyware app.

The constitution regulates the way the government organizes itself. Because it's more difficult to change than regular laws, lawmakers like to stuff it with things they think needs this extra protection, often assorted human rights. But when someone claims that something is unconstitutional, he or she usually points to some action, intended or otherwise, that results in one part of government intervening in another part of governments sphere of power. Like when the military thinks it's best to take over control of the country. Or when a president or general assembly tries to intervene in a court verdict.

In what way, and by what constitution, is Bitcoin unconstitutional?

Yeah, this is nonsensical.  There is a certain implied right to privacy in the Fourth Amendment, but of course that only applies to the Federal government.  To argue that bitcoin violates your right to privacy is like arguing that billboards violate your right to privacy if you post your private information on them. 

[Fatman3001]

Most their funding is in Bitcoin. Bitcoin's up.

I think they sold a large chunk of it. I recall some kind of fuss at the time.

Yeah, you're right. They released their finances a month ago.

http://www.coindesk.com/ethereum-bitcoin-decline-9-million-funding-shortfall/

There's been some noise about Vitalik trying to find other funding solutions, but I don't know how far he's come.

I just hope they manage to release enough, with whatever funding they get hold of, to enable the community to take over the baton.

Ethereum isn't going replace Bitcoin. It's a platform for a new way of approaching the internet. It's the only alt project I see much point in.

[ChartBuddy]

Coin

Explanation

[nioc]

The professor thinks btc is a ponzi.  Then we here about a real big ponzi, MMM.  I'm not satisfied with this btc ponzi.  I want a better ponzi so I'm joining MMM.  Let's see, first step is buy some btc.  Just did and I didn't even look at the price.  Thanks professor

[brg444]

I can smell the coffee already!

[oda.krell]

Ethereum isn't going replace Bitcoin. It's a platform for a new way of approaching the internet. It's the only alt project I see much point in.

Not a loaded question, just wondering if you have a better insight into this topic: Care to explain in one or two sentences what Ethereum can do that the Blockchain plus possibly pegged side chains plus some hardware infrastructure linked to these can't do? Never really understood the point of a "Turing complete crypto", I guess.

[poncom]

Most their funding is in Bitcoin. Bitcoin's up.

I think they sold a large chunk of it. I recall some kind of fuss at the time.

Yeah, you're right. They released their finances a month ago.

http://www.coindesk.com/ethereum-bitcoin-decline-9-million-funding-shortfall/

There's been some noise about Vitalik trying to find other funding solutions, but I don't know how far he's come.

I just hope they manage to release enough, with whatever funding they get hold of, to enable the community to take over the baton.

Ethereum isn't going replace Bitcoin. It's a platform for a new way of approaching the internet. It's the only alt project I see much point in.

They dumped all their Bitcoins and crashed the price, but they gave themselves a massive premine of Ethers to dump. Are they still holding their premine or have they dumped it yet? Ethereum's price crashed after the launch anyway, but I don't know if it was due to the IPO buyers dumping, or that in combination with the devs dumping.

[gentlemand]

They dumped all their Bitcoins and crashed the price, but they gave themselves a massive premine of Ethers to dump. Are they still holding their premine or have they dumped it yet? Ethereum's price crashed after the launch anyway, but I don't know if it was due to the IPO buyers dumping, or that in combination with the devs dumping.

They only gathered 30,000 coins or so. That's plenty but not enough to do any lasting damage to the price. Did they really do lightning dumps? Them of all people should be aware that giant market dumps don't do anyone any favours.

[TaurusBit]

Ethereum isn't going replace Bitcoin. It's a platform for a new way of approaching the internet. It's the only alt project I see much point in.

Not a loaded question, just wondering if you have a better insight into this topic: Care to explain in one or two sentences what Ethereum can do that the Blockchain plus possibly pegged side chains plus some hardware infrastructure linked to these can't do? Never really understood the point of a "Turing complete crypto", I guess.

Eventually Bitcoin and side chains will probably make Ethereum useless. Until then, it's a good altcoin and PoC. 

[poncom]

They dumped all their Bitcoins and crashed the price, but they gave themselves a massive premine of Ethers to dump. Are they still holding their premine or have they dumped it yet? Ethereum's price crashed after the launch anyway, but I don't know if it was due to the IPO buyers dumping, or that in combination with the devs dumping.

They only gathered 30,000 coins or so. That's plenty but not enough to do any lasting damage to the price. Did they really do lightning dumps? Them of all people should be aware that giant market dumps don't do anyone any favours.

They chose to dump right after Bitstamp was hacked and everyone was panic dumping before the hacker had a chance to start dumping. There wasn't much buy support left and thousands of Ethereum IPO Bitcoins being dumped didn't help that support. The subsequent crash took us down to $150.

[Blazin8888]

Ethereum isn't going replace Bitcoin. It's a platform for a new way of approaching the internet. It's the only alt project I see much point in.

Not a loaded question, just wondering if you have a better insight into this topic: Care to explain in one or two sentences what Ethereum can do that the Blockchain plus possibly pegged side chains plus some hardware infrastructure linked to these can't do? Never really understood the point of a "Turing complete crypto", I guess.

Eventually Bitcoin and side chains will probably make Ethereum useless. Until then, it's a good altcoin and PoC.  

wrong. Ethereum will empower + stimulate the BTC eco system even more.

Youre thinking backwards brother.

[billyjoeallen]

Ethereum isn't going replace Bitcoin. It's a platform for a new way of approaching the internet. It's the only alt project I see much point in.

Not a loaded question, just wondering if you have a better insight into this topic: Care to explain in one or two sentences what Ethereum can do that the Blockchain plus possibly pegged side chains plus some hardware infrastructure linked to these can't do? Never really understood the point of a "Turing complete crypto", I guess.

Eventually Bitcoin and side chains will probably make Ethereum useless. Until then, it's a good altcoin and PoC.  

wrong. Ethereum will empower + stimulate the BTC eco system even more.

Youre thinking backwards brother.

At least Etherium is open source so when it fails we may still be able to salvage some code. Vitalik is a little wimp and I want to punch him in the face and take his milk money. He should be the code guy, the Paul Allen/ Steve Wozniak who has the other guy do the business side.  

[Richy_T]

Ethereum isn't going replace Bitcoin. It's a platform for a new way of approaching the internet. It's the only alt project I see much point in.

I agree. I am not sure about them as a company and their claims seem grandiose compared to what is realistically achievable but it's an interesting concept they're working with.

[Fatman3001]

Ethereum isn't going replace Bitcoin. It's a platform for a new way of approaching the internet. It's the only alt project I see much point in.

Not a loaded question, just wondering if you have a better insight into this topic: Care to explain in one or two sentences what Ethereum can do that the Blockchain plus possibly pegged side chains plus some hardware infrastructure linked to these can't do? Never really understood the point of a "Turing complete crypto", I guess.

I guess the same thing can be achieved with Bitcoin and a sidechain: http://bravenewcoin.com/news/rootstock-is-coming-are-ethereums-days-numbered-or-will-the-18-million-dollar-idea-survive/

But I'm more comfortable with it having its own blockchain and not risk being limited by decisions tackling Bitcoin-specific problems (This stupid block size debate or just block time, which is 12s in ethereum ). Thus far it seems to add flexibility and robustness (I still don't understand how the sidechains are to be properly secured, we know how a blockchain is secured. It works.). And since the token is meant to be used to fuel Dapp/smart contract actions it will not be as vulnerable to price fluctuations as a token that is meant to work as a value carrier. Nor do I see "The Network Effect" as being an issue with Ethereum for much the same reason.