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

[Dotto]

monero pump is getting serious...

+47% in 24h
+183% in 72h

and keep pushing. Finally it´s working

[trickshot22]

the price is pretty high up right now, i must admit that it is nice to see at least a small increase in the price

[sAt0sHiFanClub]

I don't know all about that purge non-sense ... we shouldn't stoop to their level and use violence, torture, kidnapping, and murder to effect change when we can write code and peacefully opt out of funding various crimes against humanity.
-snip-

Whoa brother... I was thinking more of deleting their comments and banning them from subreddits... followed by a little gentle DDoSing, no need to go that far.

Welcome to the deep dark recess that is the mind of BitUsher.

Please note: Blockstream are not responsible for family members who may go missing during the transition.

[ChartBuddy]

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Explanation

[ChartBuddy]

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Explanation

[sAt0sHiFanClub]

This sinister sounding abbreviation keeps popping up.

BlindMayorBitcorn, I can't help but observe that flooding a thread with tripe-- as you appear to be doing-- when it isn't going your way is literally straight out of the GCHQ public communication subversion playbook.

I really ought to know what this is I'm a part of.

Its not sinister. Imagine the CIA, but drinking more tea.

[bargainbin]

monero pump is getting serious...

+47% in 24h
+183% in 72h

and keep pushing. Finally it´s working

Much jubilation throughout Reptilia's Krypto Kingdom.

[sAt0sHiFanClub]

Meanwhile ... 21 releases better code using the new CLTV opcode to setup a micro-payments channel to dramatically increase capacity with no need for a blocksize limit increase, and no added network tradoffs. Works with any device and free to use.

https://medium.com/@21/true-micropayments-with-bitcoin-e64fec23ffd8#.t2iij7v71

This will not be as inexpensive and powerful as the lightning network but is a great solution to resolve current capacity "problems" immediately.

"Peer to peer electronic payments without the need for a trusted 3rd party"

Bitcoin micropayments: as easy as opening a bar tab
How does this technology work? A good analogy is the idea of a bar tab. When you go to a bar, you typically put down a credit card to open a tab, enjoy your food and drinks, and then close out the tab at the end of the night.

Bar tab? You trust the barman not to skim your CC?
You trust the customer to not do a runner?(0-conf,anyone?\)

Do you really think this is better? Is this "moving forward"?

 

[BitUsher]

Meanwhile ... 21 releases better code using the new CLTV opcode to setup a micro-payments channel to dramatically increase capacity with no need for a blocksize limit increase, and no added network tradoffs. Works with any device and free to use.

https://medium.com/@21/true-micropayments-with-bitcoin-e64fec23ffd8#.t2iij7v71

This will not be as inexpensive and powerful as the lightning network but is a great solution to resolve current capacity "problems" immediately.

"Peer to peer electronic payments without the need for a trusted 3rd party"

Bitcoin micropayments: as easy as opening a bar tab
How does this technology work? A good analogy is the idea of a bar tab. When you go to a bar, you typically put down a credit card to open a tab, enjoy your food and drinks, and then close out the tab at the end of the night.

Bar tab? You trust the barman not to skim your CC?
You trust the customer to not do a runner?(0-conf,anyone?\)

Do you really think this is better? Is this "moving forward"?

 

The "barman" is merely a payment channel script(not a human) that uses the bitcoin blockchain for an Extremely fine-grained realtime billing.

Reduces the need for trust. Neither the merchant nor the customer needs much trust in the other person or any third-party, as the same cryptography used to secure regular Bitcoin transactions is used to secure the micropayment channel. Losses in low-trust situations are bounded and quantifiable; the worst a merchant server can do to a client using micropayment channels is to abscond with an initial transaction of 3000 satoshis without delivering a digital good. If compared to the much larger losses that can be incurred by trusting an insecure merchant server with credit card details, this is a step forward. Put another way: while pre-existing trust reduces transaction costs, establishing trust costs time — which is itself a form of transaction cost.

The consumer places the initial deposit in which the merchant can delay delivering a good/service or use other 0 Conf algo's to detect fraud in conjunction with the payment channel if a delay is not in their interest. Thus the risk is 1 US penny for the consumer. Yes, this is moving forward and very useful.

The lightning network will be superior , but this is much better than what existing payment processors are using.


Not that it matters ... but since you are such a Satoshi Fanboi here is another fact for you-

The tech has a long history in Bitcoin — it was actually originally imagined by Satoshi Nakamoto when he designed two features called nSequence and Locktime, and a variant of it was later implemented by Matt Corallo and several other developers in BitcoinJ.

[hdbuck]

Stabbbing At KnCMiner Affiliated Datacenter
 http://qntra.net/2016/02/stabbbing-at-kncminer-affiliated-datacenter/

[billyjoeallen]

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Explanation

Shit, we're down 21 cents. BJA must have finally pulled the trigger and dumped the rest of his stash.

not a chance. Gotta save it for the second peak of the double top.

[billyjoeallen]

monero pump is getting serious...

+47% in 24h
+183% in 72h

and keep pushing. Finally it´s working

Well, yeah. Everybody is giving up on Bitcoin because now we know the miner cowards will not challenge Core even when their customers demand it. 

[ChartBuddy]

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Explanation

[BitUsher]

monero pump is getting serious...

+47% in 24h
+183% in 72h

and keep pushing. Finally it´s working

Well, yeah. Everybody is giving up on Bitcoin because now we know the miner cowards will not challenge Core even when their customers demand it.  

I love the false posturing of people threatening to buy Monero or Ether. This only is a valid threat if a real crisis is ongoing instead of a manufactured one. Any investment in these alts is a large gamble that people are free to make. The rest of us are focused on trying to improve bitcoin for the longterm success and not some sort term patch with strings attached.

[bargainbin]

monero pump is getting serious...

+47% in 24h
+183% in 72h

and keep pushing. Finally it´s working

Well, yeah. Everybody is giving up on Bitcoin because now we know the miner cowards will not challenge Core even when their customers demand it.  

I love the false posturing of people threatening to buy Monero or Ether. ...

False posturing don't move the price like that

[hdbuck]

monero pump is getting serious...

+47% in 24h
+183% in 72h

and keep pushing. Finally it´s working

Well, yeah. Everybody is giving up on Bitcoin because now we know the miner cowards will not challenge Core even when their customers demand it. 

I love the false posturing of people threatening to buy Monero or Ether. ...

False posturing don't move the price like that.

when do you give up on bitcoin exactly?

[bargainbin]

...
when do you give up on bitcoin exactly?

'Soon as I trap the last of you pesky critters...



Edit:
Jim Harper, a senior fellow at the Cato Institute & Global Policy Counsel for the [bankrupt] Bitcoin Foundation, is "increasingly comfortable thinking of bitcoin governance as a market phenomenon."

A Cato bro comfortable with interpreting everything as market phenomena? Stop the presses!

[hdbuck]

...
when do you give up on bitcoin exactly?

'Soon as I trap the last of you pesky critters...

ah i see, you are on a mission or something.

[billyjoeallen]

monero pump is getting serious...

+47% in 24h
+183% in 72h

and keep pushing. Finally it´s working

Well, yeah. Everybody is giving up on Bitcoin because now we know the miner cowards will not challenge Core even when their customers demand it.  

I love the false posturing of people threatening to buy Monero or Ether. This only is a valid threat if a real crisis is ongoing instead of a manufactured one. Any investment in these alts is a large gamble that people are free to make. The rest of us are focused on trying to improve bitcoin for the longterm success and not some sort term patch with strings attached.

We tried a long term fix but you smallblockers killed it. Now you are criticizing us for trying to do what we can? FUCK YOU!  It's not false posturing. SOMEBODY is buying Monero.

[hdbuck]

monero pump is getting serious...

+47% in 24h
+183% in 72h

and keep pushing. Finally it´s working

Well, yeah. Everybody is giving up on Bitcoin because now we know the miner cowards will not challenge Core even when their customers demand it. 

I love the false posturing of people threatening to buy Monero or Ether. This only is a valid threat if a real crisis is ongoing instead of a manufactured one. Any investment in these alts is a large gamble that people are free to make. The rest of us are focused on trying to improve bitcoin for the longterm success and not some sort term patch with strings attached.

We tried a long term fix but you smallblockers killed it. Now you are criticizing us for trying to do what we can? FUCK YOU!  It's not false posturing. SOMEBODY is buying Monero.

now go on kid, buy monero and exit bitcoin.

you wont be able to fork it, 1MB 4EVA.