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

[Ultrafinery]

Did they advertise here?

That's the wading pool, 21inc are on (off?) the deep end -- Total Equity Funding: $121.05M in 2 Rounds from 10 Investors

[USB-S]

Did they advertise here?

That's the wading pool, 21inc are on (off?) the deep end -- Total Equity Funding: $121.05M in 2 Rounds from 10 Investors

So those funds were invested into bitcoin and never came out?

[Ultrafinery]

^No, not a penny of that $121.05M was invested in bitcoin. The $121.05M was invested in (this is difficult to verify, so just an educated guess) hookers & blow.

[USB-S]

^No, not a penny of that $121.05M was invested in bitcoin. The $121.05M was invested in (this is difficult to verify, so just an educated guess) hookers & blow.

So they didn't even buy bitcoins with that money. Just used bitcoin sticker to get the money.


121million buys you a lot of raspberry pis

[JimboToronto]

Good AM Bitcoinland.

Sideways I see. Ho hum.



Some people are still taking Craig Wright seriously?

[bitebits]

Some people are still taking Craig Wright seriously?

He will be selling all the bitcoin!

[Ultrafinery]

So they didn't even buy bitcoins with that money. Just used bitcoin sticker to get the money.

No, didn't buy bitcoins bcz no bus that short has yet been invented.

If retards managed to turn just 10% of that $121.05M into actual folding money, without running afoul of arbitrary bullshit laws created by government shills to shackle the invisible hand and add needless friction to the otherwise frictionless free market price discovery, that's 12 frikin' million dollars worth of freedom.
$12M US is much, but retards likely made much more. Much we can learn from retards.

[USB-S]

So they didn't even buy bitcoins with that money. Just used bitcoin sticker to get the money.

No, didn't buy bitcoins bcz no bus that short has yet been invented.

If retards managed to turn just 10% of that $121.05M into actual folding money, without running afoul of arbitrary bullshit laws created by government shills to shackle the invisible hand and add needless friction to the otherwise frictionless free market price discovery, that's 12 frikin' million dollars worth of freedom.
$12M US is much, but retards likely made much more. Much we can learn from retards.

I wish I was as retarded as they are.

[gentlemand]

So they didn't even buy bitcoins with that money. Just used bitcoin sticker to get the money.

I don't think there's one VC funded company that's bought coins. That's not what they're in business for.

[yefi]

Interesting theory that Wright's friend David Kleiman (who died 3 days after telling Gavin he was moving on to other things) was Satoshi.

https://seebitcoin.com/2016/05/everything-makes-sense-if-david-kleiman-was-satoshi-nakamoto-heres-why/

It's a good explanation of motives, though Kleiman never struck me as Satoshi. Also, as a recluse, it's strange that he was giving interviews on CNN:

https://www.youtube.com/watch?v=TEVVpK4hL4g
https://www.youtube.com/watch?v=jkN4Qr4uz4w

[Elwar]

How do they profit themselves? Is it sustainable for them?

Their 21Inc computers mine bitcoins, 40% goes to the user, 60% goes to 21inc.

"Why would anyone run this?" You ask. Their response is the vast software network that the computers connect to.

I would not doubt it if they take a percentage of every microtransaction.

The microtransactions work by going to the 21inc server and then they get combined into one transaction. There they can easily pull bitcoins from that transaction.

They initially promised that they had a chip that could mine 10 times faster than what was on the market. This helped to get them the investments. They did not quite deliver on that promise.

[USB-S]

How do they profit themselves? Is it sustainable for them?

Their 21Inc computers mine bitcoins, 40% goes to the user, 60% goes to 21inc.

"Why would anyone run this?" You ask. Their response is the vast software network that the computers connect to.

I would not doubt it if they take a percentage of every microtransaction.

The microtransactions work by going to the 21inc server and then they get combined into one transaction. There they can easily pull bitcoins from that transaction.

They initially promised that they had a chip that could mine 10 times faster than what was on the market. This helped to get them the investments. They did not quite deliver on that promise.

So they're trying to do something like lightning network, only by mining? Last I've heard they weren't getting any blocks.

[alesx.onfire]

[snoovering]

Remember when bitcoin wasn't a dirty word & we didn't need to hide our unnatural carnal desire for bitcoins?
Now everybody's like "who, me?! I got NOTHING! to do with bitcoin!"

[Hunyadi]

Dat spike! 

[Fatman3001]

Yeez, Louise! Podyx is Swedish!

Edit: Tjenare, grabben!

[Fatman3001]

Craig Wright interview (3 parts), supposedly from June 10th, 2014:

vimeo.com/149035662  
vimeo.com/149115042



Check out "part 2" (vimeo.com/149115042), starting at about ~9min 50sec mark.  

Has he been planning this for years?

That part is the most convincing evidence thus far.

[USB-S]

[Fatman3001]

img width=1000]https://i.imgur.com/NHALXUj.png?1[/img]

img]http://www.islamicmeditation.com/site/wp-content/uploads/2011/12/grateful-arms-open-300x248.jpg[/img]

Yeez, Louise! Podyx is Swedish!

Edit: Tjenare, grabben!

haha, tja

I should have known. I see your avatar is Christer Fuglesang.

[Tzupy]

This is just from the Craig Wright media exposure, which could turn into bad publicity. Don't pin your hopes on it.