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

[ChartBuddy]

Coin



Explanation

[AlexGR]

I have been following the recent block size debates through the mailing list. .....
Satoshi Nakamoto

I had not seen that letter until now, but it looks like a lot of vague bla-bla without even a hint of a technical argument.
I'll eat my hat if that was written by any of the very skilled mathematician/cryptographer(s) that designed bitcoin.

What did you expect to read? Maths and crypto, for things related to social engineering, populist methods, consensus and forks?

[sAt0sHiFanClub]

I have been following the recent block size debates through the mailing list. .....
Satoshi Nakamoto

I had not seen that letter until now, but it looks like a lot of vague bla-bla without even a hint of a technical argument.
I'll eat my hat if that was written by any of the very skilled mathematician/cryptographer(s) that designed bitcoin.

What did you expect to read? Maths and crypto, for things related to social engineering, populist methods, consensus and forks?

No, but something a little more intelligent would have been nice.

Do you still cling to the belief that this was written by satoshi in an attempt to ride in like a knight in shining armour to save you? Really?

The funniest thing about that ruse was gmax's earnest reply to it....

[AlexGR]

Do you still cling to the belief that this was written by satoshi in an attempt to ride in like a knight in shining armour to save you? Really?

There is no saving here. If he is truly Satoshi, then when Satoshi comes back after a fork it will be to declare the project dead.

Whether you hold core-coins or gavin-coins, you are fucked in that scenario.

[hodl_2015]

I have been following the recent block size debates through the mailing list. .....
Satoshi Nakamoto

I had not seen that letter until now, but it looks like a lot of vague bla-bla without even a hint of a technical argument.
I'll eat my hat if that was written by any of the very skilled mathematician/cryptographer(s) that designed bitcoin.

What did you expect to read? Maths and crypto, for things related to social engineering, populist methods, consensus and forks?

Yes. That is what technical people do. As a first public response in years, they would write a detailed and (mathematically) well supported response about why there orignal design is still good, or why and how it should be improved, not a short note without any technical support of there opinion.
Study the original paper and learn how cleverly all technical aspects fit together, and ask yourself if someone who designed that would write such a vague letter without properly substantiating and supporting his opinions.

[Trouble821]

I have been following the recent block size debates through the mailing list. .....
Satoshi Nakamoto

I had not seen that letter until now, but it looks like a lot of vague bla-bla without even a hint of a technical argument.
I'll eat my hat if that was written by any of the very skilled mathematician/cryptographer(s) that designed bitcoin.

What did you expect to read? Maths and crypto, for things related to social engineering, populist methods, consensus and forks?

No, but something a little more intelligent would have been nice.

Do you still cling to the belief that this was written by satoshi in an attempt to ride in like a knight in shining armour to save you? Really?

The funniest thing about that ruse was gmax's earnest reply to it....

There was a spoofed message sent to the linuxfoundation mailing list that looked like it was sent by Satoshi through vistomail.com saying that Satoshi was not Craig Wright.

Theymos proved it was spoofed by checking where it really came from. I don't know how theymos did it, but couldn't he also check whether the Satoshi mail we are discussing is spoofed?

Update: It was not Satoshi.

This is spoofed.

Code:

    Received: from mail.vistomail.com (cpe-104-231-205-87.wi.res.rr.com
    	[104.231.205.87])         
    	by smtp1.linuxfoundation.org (Postfix) with SMTP id 01BCADF
    	for <bitcoin-dev@lists.linuxfoundation.org>;
    	Thu, 10 Dec 2015 06:53:42 +0000 (UTC)

104.231.205.87 is not mail.vistomail.com. It's some residential IP, cpe-104-231-205-87.wi.res.rr.com.

I feel like the mailing list must be seriously misconfigured to allow this sort of spoofing... You could exploit this to send mail "from" any of the devs, for example.

See for more details: https://www.reddit.com/r/Bitcoin/comments/3w6vy4/i_am_not_craig_wright_we_are_all_satoshi_satoshi/cxu7blm

I just saw this in the bitcoin Dev mailing list

I am not Craig Wright. We are all Satoshi.

http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011936.html

I have no idea if this is legitimate, but it was sent (supposedly) by satoshi@vistomail.com, which is the first email address that he used to post about bitcoin.

[AlexGR]

I have been following the recent block size debates through the mailing list. .....
Satoshi Nakamoto

I had not seen that letter until now, but it looks like a lot of vague bla-bla without even a hint of a technical argument.
I'll eat my hat if that was written by any of the very skilled mathematician/cryptographer(s) that designed bitcoin.

What did you expect to read? Maths and crypto, for things related to social engineering, populist methods, consensus and forks?

Yes. That is what technical people do.

When there is a technical issue at hand, not a social one.

[LFC_Bitcoin]

Most of the blocks are full these days due to the high volume of transactions that is happening.
I do not know what is right for the block size but I believe it needs some upgrade soon

Dust & no fee transactions should be ignored, that'd sort it out until a later date.

[ChartBuddy]

Coin



Explanation

[luka1987]

People are idiots... panic selling?     
Don't you remember last year during first 6 months? Well, I do... there was 230-260$ price for 1 BTC, the same stories everytime... sell, buy, eat, sleep, fu*k, exchange...
WTF ?!
Price is 370$ which is very good in this moment! You think bitcoins will disappear?!!?

Let's think logic, my local bank in my country invested around 1 million $ in bitcoins last year. Do you think banks will allow for bitcoins to disappear?! There are bitcoins prepaid cards, there are ATM's all over the world, there are stores that are accepting bitcoins .. you really think it will suddenly be gone?

Also, it doesn't matter if you buy or sell, you send it to another wallet anyway, it never disappear no matter of what you have done... lol...

stop writing nonsense, bitcoins is 1st virtual currency in the world and will remain there

[sAt0sHiFanClub]

There was a spoofed message sent to the linuxfoundation mailing list that looked like it was sent by Satoshi through vistomail.com saying that Satoshi was not Craig Wright.
Theymos proved it was spoofed by checking where it really came from. I don't know how theymos did it, but couldn't he also check whether the Satoshi mail we are discussing is spoofed?

Of course he could.

But since the narrative of the message aligned with his own and with plenty of gullible salvationists like Alex hanging on his every word - why would he?

[hodl_2015]

When there is a technical issue at hand, not a social one.

I did'n follow the news. I thought there was a problem with bitcoin, not some social thing.
Looking into this, the first thing I see is a link to one of the first e-mails by the real Satoshi Nakamoto, which contains:

At first, most users would run network nodes, but as the
network grows beyond a certain point, it would be left more and more to
specialists with server farms of specialized hardware.  A server farm would
only need to have one node on the network and the rest of the LAN connects with
that one node.

Which is contradicting the recent letter:

For example I didn't anticipate pooled mining and its effects on the security of the network.

Stop wasting time on this hoax.

[yefi]

Ah, nothing changes. Another panic selling spike, another failed exchange, another Bitcoin obituary. Next up, another bubble perchance?

[MinermanNC]

People are idiots... panic selling?     
Don't you remember last year during first 6 months? Well, I do... there was 230-260$ price for 1 BTC, the same stories everytime... sell, buy, eat, sleep, fu*k, exchange...
WTF ?!
Price is 370$ which is very good in this moment! You think bitcoins will disappear?!!?

Let's think logic, my local bank in my country invested around 1 million $ in bitcoins last year. Do you think banks will allow for bitcoins to disappear?! There are bitcoins prepaid cards, there are ATM's all over the world, there are stores that are accepting bitcoins .. you really think it will suddenly be gone?

Also, it doesn't matter if you buy or sell, you send it to another wallet anyway, it never disappear no matter of what you have done... lol...

stop writing nonsense, bitcoins is 1st virtual currency in the world and will remain there

Agreed, bitcoin isn't going anywhere and 370.00 sure is a hell of a lot better still than 230.00 a couple of months ago.

[AlexGR]

There was a spoofed message sent to the linuxfoundation mailing list that looked like it was sent by Satoshi through vistomail.com saying that Satoshi was not Craig Wright.
Theymos proved it was spoofed by checking where it really came from. I don't know how theymos did it, but couldn't he also check whether the Satoshi mail we are discussing is spoofed?

Of course he could.

But since the narrative of the message aligned with his own and with plenty of gullible salvationists like Alex hanging on his every word - why would he?

There is no salvation on the menu.

It's the fullblockalypse, the forkageddon and the second coming of satoshi combined. Let's fork bitcoin to "save it from failure" in order to trigger the event where he would be forced to officially declare it a failure - if it's him of course. That will work really well for everyone, forkers and non-forkers alike 

[AlexGR]

Which is contradicting the recent letter:

Satoshi contradicted himself on micropayments and scaling as well. Initially he was more bullish in terms of what Bitcoin could do but then became more realistic given the hardware/network constraints and network abuse that required more fees and block size limits. So depending the time-space coordinates you could take contradictory quotes even on the same issue.

He kind of postponed his bullishness for a time when tech would allow more.

[CuntChocula]

Let's think logic, my local bank in my country invested around 1 million $ in bitcoins last year. Do you think banks will allow for bitcoins to disappear?!

Luka, I'm not sure about your country (I'm guessing Malawi?), but in MY country $1 million is a reasonable amount for a branch office to spend on potted plants, or a company picnic. Banks are notorious for blowing through massive amounts of filthy fiat, a mil is nothing to them. They just print it out of thin air.

And I hope you're not saying that the banks are the ones who are keeping Bitcoin on life support. It's supposed to make legacy finance (banks and banksters) obsolete, remember?

[ssmc2]

Back to 450 on Monday

[ChartBuddy]

Coin



Explanation

[LFC_Bitcoin]

Back to 450 on Monday

Hope so!

Wonder if we've heard the last of Mike cunt Hearn?