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

[hdbuck]

Sub 400 ain't happening gentlemen - Buy now or cry later.

Maybe. But you have what seems to be an irrational belief that the world will start pouring mountains of money into a system that can't accomodate them as users. I find that puzzling.

monkey monkey

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[600watt]

btc-e is the leading exchange.

what did i miss?

[gentlemand]

I don't have massively strong feelings about XT or Coinbase but the github thread regarding removing Coinbase from bitcoin.org makes for truly loathsome reading. 'We definitely need to coerce Coinbase into switching back to Bitcoin Core' and proposing making their fees 4x higher. Nice 'consensus' you pathetic little shits.

[hdbuck]

I don't have massively strong feelings about XT or Coinbase but the github thread regarding removing Coinbase from bitcoin.org makes for truly loathsome reading. 'We definitely need to coerce Coinbase into switching back to Bitcoin Core' and proposing making their fees 4x higher. Nice 'consensus' you pathetic little shits.

enough with the whining gimmick.

bitcoin will not adapt to your retard lifestyle.

you choose to use bitcoin... or you dont.

see? you have a choice!

[criptix]

Apparently, Luke Jr. lives in his parents' basement with a 300 baud dial-up modem from the 1980's.

Im pretty sure it makes sense if he's talking about his private connection.
For example the avg upload bandwith in germany is less then 100 kbytes/s (2015).
I know it is pretty sad...

[sAt0sHiFanClub]

I don't have massively strong feelings about XT or Coinbase but the github thread regarding removing Coinbase from bitcoin.org makes for truly loathsome reading. 'We definitely need to coerce Coinbase into switching back to Bitcoin Core' and proposing making their fees 4x higher. Nice 'consensus' you pathetic little shits.

enough with the whining gimmick.

bitcoin will not adapt to your retard lifestyle.

you choose to use bitcoin... or you dont.

see? you have a choice!

Worst. Troll. Ever.

MP is really scraping the bottom of the barrel with you. You make iCBREAKER seem like Kofi Annan by comparion.

[BlindMayorBitcorn]

Gentlemen, stop!

Your learned debate reawakens the feels I felt upon hearing one retarded kid call another 'dummy.'
ZOMG, DangerousLenny, I thought, why does the short bus have to have its own ridiculous pecking order? Why these irrelevant, hair-splitting distinctions? Who cares if one of you gentlemen has an extra neuron capable of firing, had you but the undamaged synaptic wiring?
Love one another, gentlemen, 'coz God knows no one else will!

TL;DR: Play nice. It doesn't matter. Even if the scaling problem is solved, you'll just fuck up something else.

[gentlemand]

Apparently, Luke Jr. lives in his parents' basement with a 300 baud dial-up modem from the 1980's.

Im pretty sure it makes sense if he's talking about his private connection.
For example the avg upload bandwith in germany is less then 100 kbytes/s (2015).
I know it is pretty sad...

Mine's about 125-200. I nearly fell off my chair using a first world connection to upload a 400mb file in less than a couple of minutes. That would seize my internet for most of a day.

[TReano]

looks like a bearflag forming on the 4h.

Once it dips below the trendline I can see follow thorough. Even if it pumps at this point I can see a lot of people shorting this on the pump.

[macsga]

1 exahash/s limit to be broken tonight?

https://blockchain.info/charts/hash-rate?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

[conspirosphere.tk]

1 exahash/s limit to be broken tonight?

https://blockchain.info/charts/hash-rate?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

that's some hard evidence to expect an imminent price rise of comparable scale.

[BlindMayorBitcorn]

Keep faith bitcoiners. Coinbase is actually making something happens regarding the endless scaling controversy.

The power of totalitarian and economics illeterate nerds over Bitcoin is coming to an end ("but... but we have a roadmap" lol).

yes, maybe its the right step, nevertheless......... lol coinbase

corporatist cheerleaders gettin all wet and sassy before their overlord Brian Armstrong and Fred Ehrsam from Goldman Sachs to ph0rk bitcoin and (hopefully) put an end to his useless cash burning regulated service.


edit: go for it kids!

It's not because it's a corporation that it somehow makes them evil. Are you a socialist? That would explain why you love the central planners of Core.

If a better understanding of the issues would harm their profits corporations are incentivized to muddy the waters.

If a company wants to move public opinion to increase profits it has a basket of highly scientific tools at its disposal. What do people believe today? What do we want them to believe tomorrow? What is the most cost-effective way to bring about this change? 40% of Americans believe the world began sometime after the domestication of the dog not because the facts aren't clear but because religious organizations have the same basket of tools and the same incentives to use them. TANSTAAFL^*. It's a grim kind of accounting, but there are always prices to pay. I think what everybody wants to know is how much for your sidechain sandwich? Liquid lunch? Don't I have a meeting this afternoon... Blockstream is made up of Core devs who were so convinced Bitcoin couldn't scale right they created a company, and their company is naturally designed to profit off the overlay. Replace-by-fee is a bad idea, which is neccessary for Lightning Network, which wouldn't be necessary if we could scale right; which we probably can. But we might never know it if we settle for the sandwich.
^*Acronym, there ain't no such thing as a free lunch; this is a concept that has deep explanatory power, in physics (the laws of thermodynamics), evolutionary theory (the biological costs of the peacock's tail), and economics.

Tl;dr Blockstream is convinced we need a sandwich and has set about convincing us we need a sandwich. (It isn't clear we need a sandwich, or how we'll end up paying for it.)

[ChartBuddy]

Coin



Explanation

[Cconvert2G36]

1 exahash/s limit to be broken tonight?

https://blockchain.info/charts/hash-rate?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

that's some hard evidence to expect an imminent price rise of comparable scale.

2014 would like to have a word with you...

Next gen chips have been designed, fabbed, assembled into miners, and now they're being deployed.

[jaberwock]

1 exahash/s limit to be broken tonight?

https://blockchain.info/charts/hash-rate?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

What is the cause of the recent hash jump?

People bought ASIC farms as Christmas gift or what?

[BlindMayorBitcorn]

Custodial wallet users gated, just waiting to be slaughtered

Coinbase alone claims 3 million users: http://reddit.com/r/Bitcoin/comments/3ye8zv

Even if only 1/3rd of them hold a balance, that means if suddenly half of the block space was to be consumed by Coinbase withdrawals, it would still take several days for all 1 million user's withdrawal requests to be processed (due to block size restriction).

https://www.reddit.com/r/Bitcoin/comments/3yfxm4/custodial_wallet_users_gated_just_waiting_to_be/

[backonEarth]

1 exahash/s limit to be broken tonight?

https://blockchain.info/charts/hash-rate?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

What is the cause of the recent hash jump?

People bought ASIC farms as Christmas gift or what?

http://bitfury.com/content/3-press/2015-12-16-tbilisi-data-center-fact-sheet.pdf

[ChartBuddy]

Coin



Explanation

[ImI]

the choo is dead baby, the choo is dead....

[ssmc2]

1 exahash/s limit to be broken tonight?

https://blockchain.info/charts/hash-rate?timespan=2year&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

What is the cause of the recent hash jump?

People bought ASIC farms as Christmas gift or what?

http://bitfury.com/content/3-press/2015-12-16-tbilisi-data-center-fact-sheet.pdf
[/quote

Jesus that looks like something out of a scifi movie