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

[altsheets]

Possible WOB interpretation: Totally balanced BTC orderbooks --> neither strong up nor strong down movements are imminent. No guarantees, though ;-)

[bobabouey2]

https://www.cryptocoinsnews.com/breaking-tokyo-trustee-completes-review-mt-gox-claims/

So even after taking out the one claim for $2.3 trillion, there are still $32 billion of claims...  And $91m of assets.

[r0ach]

I expect the sell side to list something like 75 million coins for sale eventually.  It's kind of a useless metric unless all the exchanges listed actually do proof of solvency.

[becoin]

I expect the sell side to list something like 75 million coins for sale eventually.  It's kind of a useless metric unless all the exchanges listed actually do proof of solvency.

Yep, it is useless metric. Most of the exchanges allow placing hidden orders if order is bigger than 50 btc.

[Assmaster2000]

*teletype noises*

Reuters Madrid! Reuters Barcelona! Reuters Valencia!! Reuters Cordoba!!

Spain arrests 30 suspected of laundering money in bitcoin centers

"Spanish police said on Wednesday they had arrested 30 people suspected of illegally distributing pay television content and of laundering the proceeds by investing in bitcoin "mining" centers for processing transactions in the digital currency, which use intensive computing power to generate more bitcoins.

Police said the bitcoin "mining" operations had also been fraudulently using vast amounts of electricity to keep their computing systems running."

http://www.reuters.com/article/us-spain-[Suspicious link removed]ests-idUSKCN0YG1YQ <==censorship! can't post link!!

[r0ach]

Spain arrests 30 suspected of laundering money in bitcoin centers

Many wow, they seize an amount of Bitcoin equal to robbing a gas station:

"They did not say how much money had been laundered through the bitcoin mining operation but added they had for now seized 31,320 euros ($34,903) worth of the currency as well as cash, motorbikes and luxury cars and a small aircraft."

Fiat currencies such as the USD and Yuan will now crash from them auctioning off "a small aircraft".

[Assmaster2000]

Spain arrests 30 suspected of laundering money in bitcoin centers

Many wow, they seize an amount of Bitcoin equal to robbing a gas station:

"They did not say how much money had been laundered through the bitcoin mining operation but added they had for now seized 31,320 euros ($34,903) worth of the currency as well as ca$h , motorbikes and luxury cars and a small aircraft ."

Fiat currencies such as the USD and Yuan will now crash from them auctioning off "a small aircraft".

Why would they store their precious bodily fluids value in rapidly depreciating, illiquid assets like btcoins? Not all criminals are crazy/stupid, you know .

[Tzupy]

https://www.cryptocoinsnews.com/breaking-tokyo-trustee-completes-review-mt-gox-claims/

So even after taking out the one claim for $2.3 trillion, there are still $32 billion of claims...  And $91m of assets.

32 billion $ you say? What are you smoking, I want some too... It's about 415 million $ of accepted claims.
But there is no mention of the 202k BTC auction, I am very disappointed...

[finkelsteinMonster]

But there is no mention of the 202k BTC auction, I am very disappointed...

+1, won't lie.

[jbreher]

“Rootstock ... Bitcoin ... Ethereum

Anyone have a handy Venn diagram of features for Etherium, Rootstock, Counterparty, and any other smart contracts contender?

[adamstgBit]

https://www.cryptocoinsnews.com/breaking-tokyo-trustee-completes-review-mt-gox-claims/

So even after taking out the one claim for $2.3 trillion, there are still $32 billion of claims...  And $91m of assets.

32 billion $ you say? What are you smoking, I want some too... It's about 415 million $ of accepted claims.
But there is no mention of the 202k BTC auction, I am very disappointed...

The total amount claimed to date stands at 263,519,268,303,371 JPY, approximately $2,411,412,137,427 USD.

there was 2,4Tillrion USD in Fiat on mtgox?!?!?!

[jbreher]

Segwit is agreed to

...by some unquantifiable subset of actual stakeholders...

while 2mb increase is

...by some similarly unquantifiable -- though mostly complementary -- subset of actual stakeholders.

... Therefore, segwit comes first.... why do some people keep whining about matters that are pretty much already settled. 

Obviously because they are not 'pretty much already settled'.

Neither XT nor classic were able to achieve support,

Hmmm. Neither has any implementation of The SegWit Omnibus Proposal as of yet. Funny, that.

so they are currently dead (or pretty close to being dead

I'm still pushing for BU. So sue me.

Both XT and Classic attempted to create artificial deadlines in order to cause an emergency..

Well, no. Don't lie to try to make a point. Both XT and Classic were proposed solutions to what their proposers saw as an actual emergency. I still agree with their viewpoint.

those two fake proposals.

Obviously an improper use of English. What is your definition of 'fake proposal'?

[adamstgBit]

with a 1/2 trillion dollar market cap, each bitcoin will be worth ~32,000$

just say'n

[jbreher]

Yes. Let's just argue that Black is white.

You already have by arguing that a fixed cap on block size is anything other than identical to a resource with an inelastic supply.

[adamstgBit]

Newbium WOB preview

Proudly presenting a new tool, which -e.g. for Bitcoin-
is aggregating all available orderbook data from
52 markets in 13 currencies on 27 exchanges.


(click for larger)

We call the approach WOB = "world order book".
Already working & useful, within our Newbium beta (preview).

WOB Explanations: pt1 and pt2



--> Medium Blog, and Whitepaper (8 levels are planned) --> chat (soon)
--> fully functional  Preview beta: WOB within MVP (minimum viable product) for "view live data + trade"
--> Crowdsale (ends May 31st), with Affiliate Program - please use this link, thx.


Really interested to hear your opinion!
Perhaps PM me geeky questions, and we later publish a summary.

 

Edit: retweet - thx.

nice work, we'll keep an eye on it for you

[adamstgBit]

Yes. Let's just argue that Black is white.

You already have by arguing that a fixed cap on block size is anything other than identical to a resource with an inelastic supply.

altho i dont believe a cap is nessary, i think it is not a good idea for miners to create blocks >4MB at this time. but minners know this, and since they are strongly incentivized to keep everyone happy they dont need a hard cap... But Core devs are playing it safe and enforcing a 1MB limit, they will NOT be able to enforce this limit for ever, miners are demanding HF code to be part of the next release and they will have it. we will have segwit + 2MB block this time next year. the order in which they get rolled out is not (very) relevant in the long term.

Thanks to miners having a strong incentive to "keep everyone happy" some of them are demanding the 2M HF code to be put in place.

the way i see it, this proves the bottom up governance of bitcoin is working pretty well.

>32,000$ in <2 years.

[jbreher]

https://www.cryptocoinsnews.com/breaking-tokyo-trustee-completes-review-mt-gox-claims/

So even after taking out the one claim for $2.3 trillion, there are still $32 billion of claims...  And $91m of assets.

32 billion $ you say? What are you smoking, I want some too... It's about 415 million $ of accepted claims.
But there is no mention of the 202k BTC auction, I am very disappointed...

"The total amount claimed to date stands at 263,519,268,303,371 JPY, approximately $2,411,412,137,427 USD. The total amount of bitcoin held by the MtGox estate is approximately 202, 185 XBT, or approximately $91.2 million, which bitcoin exchange Kraken will help distribute among the claimants."

Wonder how much of the $91 M$ will be left after the lawyers get their cut?

[jbreher]

there was 2,4Tillrion USD in Fiat on mtgox?!?!?!

I'm assuming the $2.3T outlier claim was/will be rejected.

[JayJuanGee]

Is it just a coincidence that the big-block shills and trolls get into a shrill, shilling, ranting, rampage whenever bitcoin starts going up ... especially around chart resistance levels?

They might blow a gasket when it really starts to rally and Core improvements get rolled out uneventfully, smoothly upgrading capacity.

Not only will they be irrelevant they will be shown to be uselessly, worthlessly wrong ...

They keep saying the same thing over and over and over.... but then coming up with some new twist on the analogy, but their assertions rise to the same baloney point.. "gotta increase blocksize now, emergency".. yeah, right, its an emergency.. and we want to rush to make bitcoin into a fucking manipulatable play toy (of governments and financial institutions) because we buy into their ongoing false assertions about an emergency....

RIGHT NOW we need to compete with visa, mastercard, paypal, and microtransactia, blah blah blah.. otherwise bitcoin is going to bigblocksia...   ok. fine fine fine ... all in due time, whiners, all in due time.. ... we not going to rush into competing directly with these payment processors right away.... in other words, HAVE SOME PACIENCIA... because the way developments are currently going in bitcoinlandia, even though it seems slow and nailbiting at the moment, in a few years, bitcoin is going to be able to compete on its own decentralized and immutable terms with a lot of payment processing and value storage entities, and likely those super big business and governments are gonna have to recognize the power of the immutable system and give in to the ways of bitcoin and similar decentralized/immutable products.

[jbreher]

RIGHT NOW we need to compete with visa, mastercard, paypal, and

"There you go again" - Ronald Reagan

Lying to try to make a point, that is. Show me more than one quote which supports your claim that bigblockers assert we need to scale to visa levels today.