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

[r0ach]

Growth in Jewish banking = growth in nationalism in the US, France, and other parts of Europe to get rid of them until they get put in front of firing squads for financial terrorism:

You forgot western imperialism, illuminati and the reptilian aliens... their lifeforce is also drained from your bitcoins getting cheaper. Tough luck.

Yes, the standard Zionist tactic.  When people mention the #1 financial terrorists on earth like Soros and Bernanke are all Jewish, bring up some nonsense about "reptiles".  Sorry, that doesn't work.  Nationalism is on the rise in the US and all of Europe.  They will all be in front of firing squads soon.  You can't propagandize your way out of it with the media.  The perpetrators of global financial terrorism will eventually pay for their crimes like any other petty thief.

[Ultrafinery]

Growth in Jewish banking = growth in nationalism in the US, France, and other parts of Europe to get rid of them until they get put in front of firing squads for financial terrorism:

You forgot western imperialism, illuminati and the reptilian aliens... their lifeforce is also drained from your bitcoins getting cheaper. Tough luck.

Yes, the standard Zionist tactic.  When people mention the #1 financial terrorists on earth like Soros and Bernanke are all Jewish, bring up some nonsense about "reptiles".  Sorry, that doesn't work.  Nationalism is on the rise in the US and all of Europe.  They will all be in front of firing squads soon.  You can't propagandize your way out of it with the media.

[r0ach]

[podyx]

Why is ETH moving up so damn much?

[Mervyn_Pumpkinhead]

#1 financial terrorists on earth like Soros and Bernanke are all Jewish

But they are also human, should I fear and hate all humans also? And they're also men, should I fear and hate all men now? And Americans.. now I have to fear and hate Americans also.

Over generalized hatred has always been attractive for the weak, dumb and incompetent. It's a tool for dealing with ones self-loathing. More exactly, one wants to over generalize groups, so one can feel good about himself for belonging in a specific group.
"I may have failed in school, in work, in social life and finding a partner among the opposite sex, but at least I'm *insert race/nationality/subculture/etc*!"
If one can be proud of himself as an individual, then one will see others also as individuals. But if one can only feel pride for the group he belongs to, then one will see others only through groups they belong to.

[Ultrafinery]

Why is ETH moving up so damn much?

https://bitcointalk.org/index.php?topic=1469361.msg14827821#msg14827821

[podyx]

Why is ETH moving up so damn much?

https://bitcointalk.org/index.php?topic=1469361.msg14827821#msg14827821

That's a poor excuse, you could probably dump plenty of ETH without much slippage

[BitUsher]

Why is ETH moving up so damn much?

Like all alt premines , when almost all of the tokens are controlled by the original investors it is really easy for them to manipulate the price and hold the once worthless tokens and let any new investor drive up the price. Unlike with bitcoin where 100% is mined causing inflationary pressure, the mined % is insignificant compared to the premine. This indicates that Eth is still wildly unstable and volatile and the market cap is very misleading.

[Ultrafinery]

Why is ETH moving up so damn much?

Like all alt premines , when almost all of the tokens are controlled by the original investors < ... >

Speaking of original investors, you suppose we'll have to hardfork bitcoin to take away satoshi's booty, or maybe we can just sneak it into a softfork/core 0.12.2?

@podyx: Not sure, you'll have to talk to cockroach, it's his brainchild.

[Cassius]

Down for 5% looks approximately like this:

BuyPrice   BTC_tobuy           $Amt_ToBuy

$423.00   0.20263425   $85.71
$426.00   0.20120724   $85.71
$429.00   0.19980020   $85.71
$432.00   0.19841270   $85.71
$435.00   0.19704433   $85.71
$438.00   0.19569472   $85.71
$441.00   0.19436346   $85.71
$443.00   0.19348597   $85.71
$444.50   0.19283304   $85.71
$446.00   0.19218450   $85.71
$447.50   0.19154030   $85.71
$449.00   0.19090041   $85.71


Up for 5% looks approximately like this:

SellPrice   BTC_toSell           $amt_toSell
      
$453.50   0.15750512   $71.43
$455.50   0.18817626   $85.71
$457.50   0.18735363   $85.71
$459.50   0.24871755   $114.29
$462.00   0.24737168   $114.29
$464.50   0.24604029   $114.29
$467.00   0.24472316   $114.29
$469.50   0.24342005   $114.29
$472.00   0.24213075   $114.29
$474.50   0.24085504   $114.29
$477.00   0.23959269   $114.29
$479.50   0.23834351   $114.29

$2.50 increments at $450 = 0.56%. I can only hope you have set your spread accordingly, or use a zero-fee exchange. And a bot. Otherwise that's a lot of monkey-clicking to give an exchange money.

[r0ach]

Why is ETH moving up so damn much?

Probably because they have to raise it in order to drop the hammer and exit.  What kind of complete idiot would be holding Eth this close to BTC halving?

[Ultrafinery]

Why is ETH moving up so damn much?

Probably because they have to raise it in order to drop the hammer and exit.  What kind of complete idiot would be holding Eth this close to BTC halving?

[Globb0]

Have we destroyed the Satoshi coins yet? Just checking...

I've seen some recent discussion of such.. ..

Whoever came up with that....

   Dumb idea...

If he really wanted there to have been confidence in the economics of a deflationary currency he ought to have done it himself. The fact he didn’t leads one to believe he wants the dough. And I suppose he’s entitled to it. Either way it’s an ungodly hoard of coins that’s impossible to ignore.

I don't think that's what the discussion is about.

At some point old pubkey coins might be easily hackable. At that point, millions of BTC can be looted for the lolz by those having the tech to do it. The question is what can you do about it so that they can be moved to safety, locked, etc. Otherwise you'll have millions of BTC looted AND a PR fiasco like "ohhh Bitcoin got HACKED AND PEOPLE LOST THEIR MONEY!!! ITS UNSAFE, RUN FOR YOUR LIVES". So you have hackers dumping, people panicking, etc etc. It's a complex issue.

Wouldn't vastly more coins be in danger than just those ones in this scenario?

[Elwar]

Kraken added ETH margin trading.

So the price rise is a bunch of traders going long on ETH.

[AlexGR]

Have we destroyed the Satoshi coins yet? Just checking...

I've seen some recent discussion of such.. ..

Whoever came up with that....

   Dumb idea...

If he really wanted there to have been confidence in the economics of a deflationary currency he ought to have done it himself. The fact he didn’t leads one to believe he wants the dough. And I suppose he’s entitled to it. Either way it’s an ungodly hoard of coins that’s impossible to ignore.

I don't think that's what the discussion is about.

At some point old pubkey coins might be easily hackable. At that point, millions of BTC can be looted for the lolz by those having the tech to do it. The question is what can you do about it so that they can be moved to safety, locked, etc. Otherwise you'll have millions of BTC looted AND a PR fiasco like "ohhh Bitcoin got HACKED AND PEOPLE LOST THEIR MONEY!!! ITS UNSAFE, RUN FOR YOUR LIVES". So you have hackers dumping, people panicking, etc etc. It's a complex issue.

Wouldn't vastly more coins be in danger than just those ones in this scenario?

No, the early coins (not just Satoshis - all of the coins) use an obsolete scheme that hasn't been used in years. Essentially they don't have addresses, like now, but naked/exposed public keys.

Quantum computers can reverse a public key as long as they know it. Our modern addresses use hashes so you first have to reverse the hash, find the pubkey and then break the pubkey/privkey to access the funds. This is way more quantum-proof, as long as you don't reuse addresses (and thus expose your pubkey for long periods of time).

[Ultrafinery]

No, the early coins (not just Satoshis - all of the coins) use an obsolete scheme that hasn't been used in years. Essentially they don't have addresses, like now, but naked/exposed public keys.

Quantum computers can reverse a public key as long as they know it. Our modern addresses use hashes so you first have to reverse the hash, find the pubkey and then break the pubkey/privkey to access the funds. This is way more quantum-proof, as long as you don't reuse addresses (and thus expose your pubkey for long periods of time).

In the old days, we used to expose our private keys to everyone, often to underage minors (miners?).
Now we keep our public keys private. I like that.

[Elwar]

No, the early coins (not just Satoshis - all of the coins) use an obsolete scheme that hasn't been used in years. Essentially they don't have addresses, like now, but naked/exposed public keys.

Quantum computers can reverse a public key as long as they know it. Our modern addresses use hashes so you first have to reverse the hash, find the pubkey and then break the pubkey/privkey to access the funds. This is way more quantum-proof, as long as you don't reuse addresses (and thus expose your pubkey for long periods of time).

Quantum computers = magic.

You need more energy than what is in the sun to break the pubkey/privkey.

[AlexGR]

No, the early coins (not just Satoshis - all of the coins) use an obsolete scheme that hasn't been used in years. Essentially they don't have addresses, like now, but naked/exposed public keys.

Quantum computers can reverse a public key as long as they know it. Our modern addresses use hashes so you first have to reverse the hash, find the pubkey and then break the pubkey/privkey to access the funds. This is way more quantum-proof, as long as you don't reuse addresses (and thus expose your pubkey for long periods of time).

Quantum computers = magic.

You need more energy than what is in the sun to break the pubkey/privkey.

Their energy requirements are normal. You do need to have many qubits though - and, supposedly, that's what is currently lacking. Although we would have no clue if there are QCs with a big number of qubits, as most QCs are funded by governments and intelligence agencies and we shouldn't assume they'll tell us how successful they are in their pursuits. That would be like giving away their cryptographic advantage.

[Mrpumperitis]

Why is ETH moving up so damn much?

495.66 M
DAO Tokens Created 
4.96 M
Total ETH
51.80 M
USD Equivalent
1.00
Current Rate ETH / 100 DAO Tokens
42 hours
until next price change
15 days
Left Ends 28 May 09:00 GMT

[Denker]

Dumpsters without luck it seems.
Back to 452.
445 was very quick rejected as the 465 on the way up a few days ago.
Expect some more sideways movement.