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

[BlindMayorBitcorn]

And... it's the future. Off to get my self-driving car. Can Bitcoin scale now? I'll need micropayments for parking.

Thanks,

BMB

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[Wekkel]

We need bubble.

[Searing]

We need bubble.

we need a berry, berry big bubble imho

I however see sideways price action (as per usual in btc)in 2016...consensus among BTC devs not gonna go fast imho...baby steps....more banker fud that blockchains are the future and bitcoin is dead..and of course some other crap...like say Crpstey going 'kaput' or something else.....it is "the way of bitcoin" tm (zen like in its own way) ie .... "Channel the FUD grasshopper"

[ChartBuddy]

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[shmadz]

We need bubble.

we need a berry, berry big bubble imho

I however see sideways price action (as per usual in btc)in 2016...consensus among BTC devs not gonna go fast imho...baby steps....more banker fud that blockchains are the future and bitcoin is dead..and of course some other crap...like say Crpstey going 'kaput' or something else.....it is "the way of bitcoin" tm (zen like in its own way) ie .... "Channel the FUD grasshopper"

Happy New year Searing! Hope your scrypt miners are keeping you warm and toasty! (The Neptunes are barely collecting double their electricity cost at this point and difficulty is rising fast.)

I just had revelation from an unlikely source and you get to be the unlikely target of my unabashed cross-post.

Re: bitcoin fungibility.

I'm not sure bitcoin is well suited for true fungibility. The transparency is a feature, not a bug, and provides great value. I would prefer our governments would conduct all business in bitcoin so that we wouldn't have these accounting errors like the department of defense admitting misplacing a trillion dollars on September 10...

Perhaps this is a better role for bitcoin; a clearing layer for equities and bearer bonds and land titles and international settlement and such; but I'm not certain that this is the best answer for the dream of digital, private, truly fungible cash.

Monero is making moves to incorporate I2P protocol to further improve anonymity. If interested please check out latest Monero missives podcast.

http://traffic.libsyn.com/monero/Monero_Missives_Podcast_for_the_week_of_2015-12-26.mp3

Btw, Monero is pretty much the cheapest it's ever been right now, almost a thousand to one bitcoin... Not pumping, just saying.

[Searing]

We need bubble.

we need a berry, berry big bubble imho

I however see sideways price action (as per usual in btc)in 2016...consensus among BTC devs not gonna go fast imho...baby steps....more banker fud that blockchains are the future and bitcoin is dead..and of course some other crap...like say Crpstey going 'kaput' or something else.....it is "the way of bitcoin" tm (zen like in its own way) ie .... "Channel the FUD grasshopper"

Happy New year Searing! Hope your scrypt miners are keeping you warm and toasty! (The Neptunes are barely collecting double their electricity cost at this point and difficulty is rising fast.)

I just had revelation from an unlikely source and you get to be the unlikely target of my unabashed cross-post.

Re: bitcoin fungibility.

I'm not sure bitcoin is well suited for true fungibility. The transparency is a feature, not a bug, and provides great value. I would prefer our governments would conduct all business in bitcoin so that we wouldn't have these accounting errors like the department of defense admitting misplacing a trillion dollars on September 10...

Perhaps this is a better role for bitcoin; a clearing layer for equities and bearer bonds and land titles and international settlement and such; but I'm not certain that this is the best answer for the dream of digital, private, truly fungible cash.

Monero is making moves to incorporate I2P protocol to further improve anonymity. If interested please check out latest Monero missives podcast.

http://traffic.libsyn.com/monero/Monero_Missives_Podcast_for_the_week_of_2015-12-26.mp3

Btw, Monero is pretty much the cheapest it's ever been right now, almost a thousand to one bitcoin... Not pumping, just saying.

I'll stick to BTC for now.

Yeah I killed with the Titans this year.....mainly because got the 2nd used one so cheap on march first with the panic of 'new bigger scrypt asic's coming' which never happened...thus if you mine LTC and hold before the halving at 1.30 usd per ltc or whatever....have the biggest machines left standing and 2 of them....well hell...even an idiot like me can do well

equiv of 47 btc on the pair (so far) this year and still doing 500 usd after elec per month (due to drop in elec prices for winter heating..yes...the elec util saw my elec bill go up 225 and when talking to a rep 'assumed' my primary heat now is elec on the 3 bedroom house..i said yes it is ..thats another 4.5c off kwh or 115 a month savings on top of the 45 bucks per month yearly budget plan savings on gas

so dumb and lucky ..you want info on the winter elec heat as primary heat source (hey it was their idea i said i ran 'computer servers' and needed to keep them a certain temp...and by golly it is my primary mode of heat now this winter ...not even lying ...even offered them to inspect....they just rubber stamped it ..yep 'space heaters' my btc miners are to them

anyway pm me for details...but yeah...SUPPOSEDLY....some scrypt data halls coming spring/summer but at current LTC price I don't see them getting the newbie IPO $$$

we will see....anyway dumb luck rules.... anyway pm me if you have questions on the elec use thingy (or others) (midwest usa xcel)

er also ie ...all my mining since knc jupiter and titans from 2013 have gone into BTC eventually...just saying....still holding

edit: forgot the link to how I managed stuff for others to try

https://bitcointalk.org/index.php?topic=1296558.0

post on the above thread of any luck with your particular electric utility...I find it hard to believe that Xcel would be the only one to have such a program for discounts for winter home heating by electric (and I have a 3 bedroom house...so 2500w out of the 2 Titans does work by the by) anyway give it a shot worse they can do is say NO and you have same rates

[rich93]

We need bubble.

we need a berry, berry big bubble imho

I however see sideways price action (as per usual in btc)in 2016...consensus among BTC devs not gonna go fast imho...baby steps....more banker fud that blockchains are the future and bitcoin is dead..and of course some other crap...like say Crpstey going 'kaput' or something else.....it is "the way of bitcoin" tm (zen like in its own way) ie .... "Channel the FUD grasshopper"

There is the next Gox creditor's meeting looming up in February. If the receivers finally start distributing the coins, or auctioning them off it could become the biggest event of the year for Bitcoin. They just kicked the can further down the road at each of the previous creditor's meetings, but they can't keep doing it forever.

[AlexGR]

Perhaps this is a better role for bitcoin; a clearing layer for equities and bearer bonds and land titles and international settlement and such; but I'm not certain that this is the best answer for the dream of digital, private, truly fungible cash.

Monero is making moves to incorporate I2P protocol to further improve anonymity. If interested please check out latest Monero missives podcast.

http://traffic.libsyn.com/monero/Monero_Missives_Podcast_for_the_week_of_2015-12-26.mp3

Btw, Monero is pretty much the cheapest it's ever been right now, almost a thousand to one bitcoin... Not pumping, just saying.

If BTC can't perform the role of cash due to scaling it's unlikely that cryptonote coins would become e-cash without some kind of breakthrough in scaling - as they are way worse than BTC (at least in that aspect).

Of course cryptocurrencies are emerging technologies and we have no idea how far this is going to go into the future.

A web page in 1995 was designed with considerations like "will it download fast over a 2400 bps modem?", "is this gif *really* necessary? the load times are slow", etc etc... but fast forward 20 years later we have 1080p and 4k videos / 60 fps through our browser.

Perhaps bandwidth, network speeds, processing speeds, storage, in say 10-15-20 years will be so dramatically improved that even "heavy" blockchains are quite normal for everyday use without anyone even thinking about it.

[ChartBuddy]

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[Fatman3001]

And... it's the future. Off to get my self-driving car. Can Bitcoin scale now? I'll need micropayments for parking.

Thanks,

BMB

Apparently there's no room for dust on the Blockchain so you'll have to pay your parking with actual dust you sprinkle on the meter.

Sprinkle cocaine for airport parking.

[Hyperjacked]

And... it's the future. Off to get my self-driving car. Can Bitcoin scale now? I'll need micropayments for parking.

Thanks,

BMB

Apparently there's no room for dust on the Blockchain so you'll have to pay your parking with actual dust you sprinkle on the meter.

Sprinkle cocaine for airport parking.

That's the most logical thing you have said in months...

[ChartBuddy]

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[MinermanNC]

Nice to wake up and see about 440 

[ChartBuddy]

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[molecular]

Nice to wake up and see about 440 

congratulations on a very optimistic start into the new year

I'm seeing 431

[shmadz]

Perhaps this is a better role for bitcoin; a clearing layer for equities and bearer bonds and land titles and international settlement and such; but I'm not certain that this is the best answer for the dream of digital, private, truly fungible cash.

Monero is making moves to incorporate I2P protocol to further improve anonymity. If interested please check out latest Monero missives podcast.

http://traffic.libsyn.com/monero/Monero_Missives_Podcast_for_the_week_of_2015-12-26.mp3

Btw, Monero is pretty much the cheapest it's ever been right now, almost a thousand to one bitcoin... Not pumping, just saying.

If BTC can't perform the role of cash due to scaling it's unlikely that cryptonote coins would become e-cash without some kind of breakthrough in scaling - as they are way worse than BTC (at least in that aspect).

Of course cryptocurrencies are emerging technologies and we have no idea how far this is going to go into the future.

A web page in 1995 was designed with considerations like "will it download fast over a 2400 bps modem?", "is this gif *really* necessary? the load times are slow", etc etc... but fast forward 20 years later we have 1080p and 4k videos / 60 fps through our browser.

Perhaps bandwidth, network speeds, processing speeds, storage, in say 10-15-20 years will be so dramatically improved that even "heavy" blockchains are quite normal for everyday use without anyone even thinking about it.

Yeah, there is an overhead problem, but I like the niche use case. Also, the Monero blocksize is flexible and responsive and scaling is built-in. At least until network effects have an affect, at which point Monero has become successful enough that I expect there would be sufficient incentive to pay developers to find solutions.

In closing, I'm not married to any one currency at this point, still mostly in btc, just from being lucky to be around back in the day, but I like to get at least a little piece of everything when it's cheap... You never know....

(Full disclosure: My personal hope and most of my efforts are directed towards the safe network project at this point. If they can get a network that is truly secure by default running, and if they (we?) Can make it easy and accessible, then I think we already have the framework to do currency at that level.)

Happy new year everyone and let's push for ever more in 2016.

[niktitan132]

It's 2016. Are we going up yet?