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

[billyjoeallen]

on BFX: That 500 coin wall at $375.01 has withstood two attacks. I suspect it will be tested again. If Stamp or another major exchange goes below $370, it's dust. Price keeps bouncing off it, but not as high as the last time.

[LFC_Bitcoin]

Regarding existing holders, if you have your own keys you are relatively ok (minus the obvious destruction of USD value), but the situation with coins in online exchanges and wallets will be "problematic" if say an exchange with 500k BTCs, say 'ok my clients, now you have 500k BTCCs because we adopted this fork' (and we are keeping 500k BTCs of the other fork for ourselves). It would be like stealing BTCs and exchanging them for Gavincoins.

This is a legit concern. However, there will be plenty of notice. Anyone who is genuinely worried about this should ensure their Bitcoins are withdrawn to keys they hold themselves, as always (and as you say. Missed that bit).

What kind of notice could/would/will we expect?

I've got coins spread across various devices, forms of storage etc. I don't fancy being left with a load of shitcoins (whichever becomes the defeated chain).

[Richy_T]

What kind of notice could/would/will we expect?

I've got coins spread across various devices, forms of storage etc. I don't fancy being left with a load of shitcoins (whichever becomes the defeated chain).

It's only an issue for coins stored on keys you don't control (exchanges primarily)

Though it could get kind-of complicated for regular coins if a fork happens and the weaker fork somehow manages to stay relevant for any period of time.

[adamstgBit]

[BlindMayorBitcorn]

What kind of notice could/would/will we expect?

I've got coins spread across various devices, forms of storage etc. I don't fancy being left with a load of shitcoins (whichever becomes the defeated chain).

Acid rain, dogs eating cats...chaos everywhere.

 

[LFC_Bitcoin]

Sounds like get everything the fuck into cold storage to me & await the chaos.




Edit -

NLC style

[Gyrsur]

Sounds like get everything the fuck into cold storage to me & await the chaos.

not the worst strategy for a certain time.

[adamstgBit]

Does anybody know which exchanges offer cryptographic proof of reserves? It seems like an obvious selling point to any that want to gain market share.

doesn't bitfinex only hold some kind of custodial key so that owners can remain in control of their BTC while holding a balance on bitfinex?

i that i saw that somewhere on bitfinex idk i dont use it, maybe it was another exchange, good concept tho.

[CuntChocula]

What kind of notice could/would/will we expect?

I've got coins spread across various devices, forms of storage etc. I don't fancy being left with a load of shitcoins (whichever becomes the defeated chain).

Acid rain, dogs eating cats...chaos everywhere.

 

Entire towns being washed away
Favelas exploding on inflammable spillways
Lynch-mobs, death squads, babies being born without brains
The mad heat and the relentless rains

[adamstgBit]

Sounds like get everything the fuck into cold storage to me & await the chaos.

not the worst strategy for a certain time.

best strategy of all time.

just do what everyone says and lock away all your bitcoin on paper wallet and come back in 10 years.

bitcoin will have halved and forked like 14 times!!  

[Gyrsur]

Sounds like get everything the fuck into cold storage to me & await the chaos.




Edit -

NLC style

so you mean Bitcoin CLASSIC is CCCP?

[Richy_T]

What kind of notice could/would/will we expect?

I've got coins spread across various devices, forms of storage etc. I don't fancy being left with a load of shitcoins (whichever becomes the defeated chain).

Acid rain, dogs eating cats...chaos everywhere.

 

Points off for missing the chance of a Ghostbusters reference.

[Richy_T]

Sounds like get everything the fuck into cold storage to me & await the chaos.




Edit -

NLC style

Just use half your coins to buy massive amounts of drugs off the darknet and wake up in 2019

[LFC_Bitcoin]

Sounds like get everything the fuck into cold storage to me & await the chaos.




Edit -

NLC style

so you mean Bitcoin CLASSIC is CCCP?

The name's Gavin....Gavin A

[LFC_Bitcoin]

Sounds like get everything the fuck into cold storage to me & await the chaos.




Edit -

NLC style

Just use half your coins to buy massive amounts of drugs off the darknet and wake up in 2019

I don't buy drugs online.

**Disclaimer - I'm not admitting to regular drug abuse via RL dealers though **

[BlindMayorBitcorn]

What kind of notice could/would/will we expect?

I've got coins spread across various devices, forms of storage etc. I don't fancy being left with a load of shitcoins (whichever becomes the defeated chain).

Acid rain, dogs eating cats...chaos everywhere.

 

Points off for missing the chance of a Ghostbusters reference.

Haha. I knew I didn't make that up, but I couldn't put my finger on where I was stealing it from. 

[Gyrsur]

Sounds like get everything the fuck into cold storage to me & await the chaos.




Edit -

NLC style

so you mean Bitcoin CLASSIC is CCCP?

The name's Gavin....Gavin A

ACK!

[Fakhoury]

Why don't we witness what is going around as "growing pains" or to be more context-specific "evolution pains" ?

[BlindMayorBitcorn]

What kind of notice could/would/will we expect?

I've got coins spread across various devices, forms of storage etc. I don't fancy being left with a load of shitcoins (whichever becomes the defeated chain).

Acid rain, dogs eating cats...chaos everywhere.

 

Entire towns being washed away
Favelas exploding on inflammable spillways
Lynch-mobs, death squads, babies being born without brains
The mad heat and the relentless rains

[coins101]

In the end, Classic might win because of RBF

Work on 0.12 will start after the 0.11.2 release. We are planning to disable opt-in RBF. This decision is based on community feedback (miners included).

https://www.reddit.com/r/Bitcoin_Classic/comments/41qeac/release_plan_19jan2016/

With testing due to start at the end of the month, Core will have to decide pretty soon if it will match Classic's increase in block sizes, or face a realistic forking off the chain.

I had thought support for Classic was a veiled threat by some of those that have come out in support....but, RBF might be the clincher.