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

[PoolMinor]

what did just happen to cause this pump?

That's what I was going to ask. Is it just because it dumped yesterday, so it's pumping today, or is there any news that made it pump? It's been range bound for the last half a week, and it could go back down to the lower end of the range if the pump's not because of any news, or perhaps it will break out of the range.

The dump was because of an earlier trend, also the holiday (this seems to happen quite frequently not sure if anyone else has noticed this yet, but it happens nearly every 3 day weekend).

Then as I previously predicted, finally correct after 100 tries or so, the price would return to $420 by Tuesday. Not because of some grand news or feat but, simply because fiat takes longer to move around hence the need for such a great device like bitcoin.

[ChartBuddy]

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Explanation

[Karartma1]

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Explanation

Good morning Chartbuddy.........
Thanks for letting us know that we are almost near 430$ which is where we were before the last crazy days.

OT: don't you all see the financial world out there is crumbling down while BTC grow strong against everything else? They said BTC is dead, far from it.

[LFC_Bitcoin]

You don't seem to understand. Bigblockers will win if we crash the price far enough to persuade the miners to switch. If we fail in that, it's because the price is going up and they have no reason to listen to us. (if it ain't broke, don't fix it). So it's simple. Just keep pumping until we go away. That's how you'll get us to capitulate.

Did you miss the bit when it's been tried & failed a number of times now?

We just have to be lucky once....  

Jusr to be clear I don't really give a crap which chain wins. All I care about is that my bitcoin's are safe & hopefully become a lot more valuable than it is now price wise etc.

That's everybody's hope isn't it, to make lots of money from this 'thang'.

I don't wear an 'I love Core' t shirt under my sweatshirt or anyrhing, I just want to make money & see bitcoin succeed.

[Cconvert2G36]

Toomim on wechat (I think). Gives a little more insight to what has happened, and what he thinks, agree or disagree... worth a read if you can handle it... loooong.

http://pastebin.com/B8YQr5TQ

[BlindMayorBitcorn]

Toomim on wechat (I think). Gives a little more insight to what has happened, and what he thinks, agree or disagree... worth a read if you can handle it... loooong.

http://pastebin.com/B8YQr5TQ

Tl;dr

What happened tho??

[Andre#]

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What happened to the block stats?

[ChartBuddy]

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Explanation

[Loimu]

They said BTC is dead, far from it.

Haha, yes, this is so true! I had absolutely no fear or thoughts about selling any coins with the recent dip. Bitcoin has 'died' so many times that by now I am sure it's immortal.

[kehtolo]

They said BTC is dead, far from it.

Haha, yes, this is so true! I had absolutely no fear or thoughts about selling any coins with the recent dip. Bitcoin has 'died' so many times that by now I am sure it's immortal.

There is this website, that tracks all the times bitcoin was declared 'dead'..

https://99bitcoins.com/bitcoinobituaries/

[Fatman3001]

Toomim on wechat (I think). Gives a little more insight to what has happened, and what he thinks, agree or disagree... worth a read if you can handle it... loooong.

http://pastebin.com/B8YQr5TQ

There's even some stuff relevant to the WO-thread here:

1|申屠青春:2016-01-20 07:29:30:Chinese central bank want to issue digital currency...
1|Guy Corem:2016-01-20 07:29:43:(indeed. big news)
1|Guy Corem:2016-01-20 07:29:49:(thanks for the update)
1|Jonathan Toomim:2016-01-20 07:30:02:oh darn, i already sold my bitcoin to pay for electricity a few days ago...
1|Jonathan Toomim:2016-01-20 07:30:06:wish i had waited
1|Guy Corem:2016-01-20 07:30:12:
1|申屠青春:2016-01-20 07:30:20:[Grin]

[ChartBuddy]

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Explanation

[sAt0sHiFanClub]

You don't seem to understand. Bigblockers will win if we crash the price far enough to persuade the miners to switch. If we fail in that, it's because the price is going up and they have no reason to listen to us. (if it ain't broke, don't fix it). So it's simple. Just keep pumping until we go away. That's how you'll get us to capitulate.

Did you miss the bit when it's been tried & failed a number of times now?

We just have to be lucky once....  

Jusr to be clear I don't really give a crap which chain wins. All I care about is that my bitcoin's are safe & hopefully become a lot more valuable than it is now price wise etc.

That's everybody's hope isn't it, to make lots of money from this 'thang'.

I don't wear an 'I love Core' t shirt under my sweatshirt or anyrhing, I just want to make money & see bitcoin succeed.

You and me both. I just want each side to get a fair crack of the whip.

[Fatman3001]

Toomim on wechat (I think). Gives a little more insight to what has happened, and what he thinks, agree or disagree... worth a read if you can handle it... loooong.

http://pastebin.com/B8YQr5TQ

Tl;dr

What happened tho??

It took a while before I noticed that it wasn't some Guy Core, but Guy Corem. That's the Spondoolies-Tech CEO who's been running a campaign against dogie here on BCT. So I skipped to the end and, lo and behold, he did as he always does. He held his hand all the way down the long corridor and stabbed him in the heart. If you want to see how you can fuck someone up royally it's probably a good read.

[sAt0sHiFanClub]

Toomim on wechat (I think). Gives a little more insight to what has happened, and what he thinks, agree or disagree... worth a read if you can handle it... loooong.

http://pastebin.com/B8YQr5TQ

There's even some stuff relevant to the WO-thread here:

1|申屠青春:2016-01-20 07:29:30:Chinese central bank want to issue digital currency...
1|Guy Corem:2016-01-20 07:29:43:(indeed. big news)
1|Guy Corem:2016-01-20 07:29:49:(thanks for the update)
1|Jonathan Toomim:2016-01-20 07:30:02:oh darn, i already sold my bitcoin to pay for electricity a few days ago...
1|Jonathan Toomim:2016-01-20 07:30:06:wish i had waited
1|Guy Corem:2016-01-20 07:30:12:
1|申屠青春:2016-01-20 07:30:20:[Grin]

Guy Corem has a great line in adversarial cross examination! weasel words, statements dressed as questions, the lot.
And finally this: (referring to nodes)

1|Guy Corem:2016-01-20 09:03:39:or someone can fake it as well ?

So, its just iceBreaker/Adam Back, just better trained.

This is funny: (afer JT describes core_POW change as an alt coin)

1|Guy Corem:2016-01-20 09:11:15:With you permission, I want to call it Core + PoW change fork
1|Guy Corem:2016-01-20 09:11:21:And not altcoin
1|Guy Corem:2016-01-20 09:11:23:Ok ?

Even funnier....

1|Guy Corem:2016-01-20 09:22:33:Let's assume Core is implementing both changes
1|Guy Corem:2016-01-20 09:22:38:And we have different PoW
1|Jonathan Toomim:2016-01-20 09:22:45:they
1|Guy Corem:2016-01-20 09:22:54:sure
1|Guy Corem:2016-01-20 09:23:02:(It's bad translation from Hebrew)
1|Guy Corem:2016-01-20 09:23:08:We as a community

From hebrew.  No forks in hebrew.

He has a serious isue with core-pow being called an altcoin, I'm surprised JT didnt pick up on it and leverage it.

1|Guy Corem:2016-01-20 09:30:12:That both ClassicCoin and CoreCoin are alt coins and the OldCoreCoins are the real one
1|Guy Corem:2016-01-20 09:30:22:I know that there are some people still using old clients
1|Guy Corem:2016-01-20 09:30:28:And call those coins BTC
1|Jonathan Toomim:2016-01-20 09:30:34:right, the original bitcoin has a 32 MB blocksize limit
1|Jonathan Toomim:2016-01-20 09:30:39:we stopped using Bitcoin years ago
1|Guy Corem:2016-01-20 09:30:41:indeed

So we have been buying alt-coins for the last 4 years according to Mr. Corem.  

I'll stop now as I'm bored as you probably are.


Still, I think Toomim did prety good, for someone with no legal/PR training.

edit: why did i keep calling him cohen?

[Fatman3001]

Toomim on wechat (I think). Gives a little more insight to what has happened, and what he thinks, agree or disagree... worth a read if you can handle it... loooong.

http://pastebin.com/B8YQr5TQ

There's even some stuff relevant to the WO-thread here:

1|申屠青春:2016-01-20 07:29:30:Chinese central bank want to issue digital currency...
1|Guy Corem:2016-01-20 07:29:43:(indeed. big news)
1|Guy Corem:2016-01-20 07:29:49:(thanks for the update)
1|Jonathan Toomim:2016-01-20 07:30:02:oh darn, i already sold my bitcoin to pay for electricity a few days ago...
1|Jonathan Toomim:2016-01-20 07:30:06:wish i had waited
1|Guy Corem:2016-01-20 07:30:12:
1|申屠青春:2016-01-20 07:30:20:[Grin]

Guy Cohen has a great line in adversarial cross examination! weasel words, statements dressed as questions, the lot.
And finally this: (referring to nodes)

1|Guy Corem:2016-01-20 09:03:39:or someone can fake it as well ?

So, its just iceBreaker/Adam Back, just better trained.

This is funny: (afer JT describes core_POW change as an alt coin)

1|Guy Corem:2016-01-20 09:11:15:With you permission, I want to call it Core + PoW change fork
1|Guy Corem:2016-01-20 09:11:21:And not altcoin
1|Guy Corem:2016-01-20 09:11:23:Ok ?

Even funnier....

1|Guy Corem:2016-01-20 09:22:33:Let's assume Core is implementing both changes
1|Guy Corem:2016-01-20 09:22:38:And we have different PoW
1|Jonathan Toomim:2016-01-20 09:22:45:they
1|Guy Corem:2016-01-20 09:22:54:sure
1|Guy Corem:2016-01-20 09:23:02:(It's bad translation from Hebrew)
1|Guy Corem:2016-01-20 09:23:08:We as a community

From hebrew.  No forks in hebrew.

He has a serious isue with core-pow being called an altcoin, I'm surprised JT didnt pick up on it and leverage it.

1|Guy Corem:2016-01-20 09:30:12:That both ClassicCoin and CoreCoin are alt coins and the OldCoreCoins are the real one
1|Guy Corem:2016-01-20 09:30:22:I know that there are some people still using old clients
1|Guy Corem:2016-01-20 09:30:28:And call those coins BTC
1|Jonathan Toomim:2016-01-20 09:30:34:right, the original bitcoin has a 32 MB blocksize limit
1|Jonathan Toomim:2016-01-20 09:30:39:we stopped using Bitcoin years ago
1|Guy Corem:2016-01-20 09:30:41:indeed

So we have been buying alt-coins for the last 4 years according to Mr. Cohen.  

I'll stop now as I'm bored as you probably are.


Still, I think Toomim did prety good, for someone with no legal/PR training.

It's clear that Toomin assumed Guy Corems stated objective was the real goal of the conversation and accepted it.

1|Jonathan Toomim:2016-01-20 06:19:32:guy, are you in here?
1|Guy Corem:2016-01-20 06:19:46:Hi Jonathan
1|Guy Corem:2016-01-20 06:19:54:Thanks for logging in
1|Guy Corem:2016-01-20 06:20:01:Care to discuss possible governance change ?
1|申屠青春:2016-01-20 06:21:39:@jl2012 那是反社会了，马上被弹劾。
1|申屠青春:2016-01-20 06:22:05:下台
1|Jonathan Toomim:2016-01-20 06:22:46:in public?
1|Guy Corem:2016-01-20 06:22:53:Yes
1|Jonathan Toomim:2016-01-20 06:22:55:i'm open to a possible governance change
1|Guy Corem:2016-01-20 06:22:58:The only right way to do it
1|Jonathan Toomim:2016-01-20 06:23:06:olivier will probaby get annoyed with me for doing it in public
1|Jonathan Toomim:2016-01-20 06:23:08:and marshall
1|Jonathan Toomim:2016-01-20 06:23:11:and mike
1|Guy Corem:2016-01-20 06:23:14:please do
1|teksongbu:2016-01-20 06:23:19:why?
1|Guy Corem:2016-01-20 06:23:22:Thay's the correct way to do it, IMHO
1|Guy Corem:2016-01-20 06:23:34:Bitcoin world should be open free and clear of intrigues

But it becomes clear that he has something else in mind:

1|Jonathan Toomim:2016-01-20 10:05:39:i think the majority of devs want to work on the majority coin, and won't want to play chicken once it's clear which one that is
1|Guy Corem:2016-01-20 10:05:58:Why do you object to my vision of comeptition ?
1|Guy Corem:2016-01-20 10:06:04:Isn't competition good ?
1|Guy Corem:2016-01-20 10:06:17:I mean, you didn't want to git-cherry pick ?

1|Guy Corem:2016-01-20 10:29:45:Once you are forced to do Hard Fork once
1|Guy Corem:2016-01-20 10:30:04:And see that it's not hat terrible (my believe, not core), they'll do it more often

[sAt0sHiFanClub]

But it becomes clear that he has something else in mind:

1|Jonathan Toomim:2016-01-20 10:05:39:i think the majority of devs want to work on the majority coin, and won't want to play chicken once it's clear which one that is
1|Guy Corem:2016-01-20 10:05:58:Why do you object to my vision of comeptition ?
1|Guy Corem:2016-01-20 10:06:04:Isn't competition good ?
1|Guy Corem:2016-01-20 10:06:17:I mean, you didn't want to git-cherry pick ?

1|Guy Corem:2016-01-20 10:29:45:Once you are forced to do Hard Fork once
1|Guy Corem:2016-01-20 10:30:04:And see that it's not hat terrible (my believe, not core), they'll do it more often

The opening gambits made it clear that this was not going to go pleasantly. But considering his meticulous approach and questioning style, I fell he comprehensively failed to fluster JT, and simply became angry at the end. I think he tried to tease out some statement from JT that all hell would break loose during a HF, but couldn't make that point stick - JT shut him down pretty well.

How many times did he say "I'll get to that later" (which is code for "I know nothing more on that topic") ?

tl;dr It shouldn't have happened.

[BitUsher]

https://twitter.com/AaronvanW/status/690120783281156097

Confirmed: Chinese mining pools are sticking with Bitcoin Core.

Context and more details? I knew it was coming from the conversations , but just didn't expect it this quickly.

[ChartBuddy]

Coin


Explanation

[Fatman3001]

But it becomes clear that he has something else in mind:

1|Jonathan Toomim:2016-01-20 10:05:39:i think the majority of devs want to work on the majority coin, and won't want to play chicken once it's clear which one that is
1|Guy Corem:2016-01-20 10:05:58:Why do you object to my vision of comeptition ?
1|Guy Corem:2016-01-20 10:06:04:Isn't competition good ?
1|Guy Corem:2016-01-20 10:06:17:I mean, you didn't want to git-cherry pick ?

1|Guy Corem:2016-01-20 10:29:45:Once you are forced to do Hard Fork once
1|Guy Corem:2016-01-20 10:30:04:And see that it's not hat terrible (my believe, not core), they'll do it more often

The opening gambits made it clear that this was not going to go pleasantly. But considering his meticulous approach and questioning style, I fell he comprehensively failed to fluster JT, and simply became angry at the end. I think he tried to tease out some statement from JT that all hell would break loose during a HF, but couldn't make that point stick - JT shut him down pretty well.

How many times did he say "I'll get to that later" (which is code for "I know nothing more on that topic") ?

tl;dr It shouldn't have happened.

As you've said earlier I think JT did pretty good as well, and it does shine a light on much of what happened.  But I would prefer it if the guy on the other end was someone closer to Core willing to speak more openly. Not friggin Guy Corem. This just shows that Bitcoin Classic is open. We knew that.

https://twitter.com/AaronvanW/status/690120783281156097

Confirmed: Chinese mining pools are sticking with Bitcoin Core.

Context and more details? I knew it was coming from the conversations , but just didn't expect it this quickly.