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

[JayJuanGee]

Gentlemen, the reason behind the recent bitcoin pump can finally be shared

Companies Are Stockpiling Bitcoin to Pay Off Cybercriminals

A small survey by corporate networking company Citrix indicates that some IT professionals are even stockpiling bitcoins so they can pay up quickly in the event ransomware strikes their network. Out of 250 IT and security workers at U.K. companies with more than 250 employees, a third said they were stockpiling the currency. A researcher at Cornell recently tweeted that the university’s treasurer created an account with the Bitcoin exchange Coinbase so as to be ready if ransomware struck.

https://www.technologyreview.com/s/601643/companies-are-stockpiling-bitcoin-to-pay-off-cybercriminals/

Yeah right.....   This is one thing that they can do, but probably a better thing that they can do is to spend some money to improve the security and vulnerabilities of their computer systems.

I got an even better thing they could do: Call the jackbooted gubermint Jews, and explain how beetcoin criminals are stealing the shekels that rightfully belong in their secret Jew caves.
But hey, feel free call up those companies; share your valuable network security wisdomz.

You cannot be serious to actually believe that one news article (like the one you provided) reflects any kind of accurate rendition of various approaches that actual UK companies with more than 250 employees are actually taking in respects to preparing for possible ransom attacks and preventative measures as well? 

And, surely, once they are in fact attacked, they may have to reconsider how they are going to handle the actual attack when it converts from hypothetical to actual.

A survey of 250 IT and security workers at U.K. companies with more than 250 employees. Either a statistically meaningful sample, or it isn't. My personal beliefs are neither here nor there. It's a survey, not even a formal study, I can't begin to guess how accurate it is.
If you feel that ransomware isn't a a real threat, you're mistaken. It's real.

Actually, newbie, I mean Lambie, I agree with you regarding these last points.

[Assmaster2000]

Ether

Keep posting about your Ethereum IPO scamcoin trying to trick people into buying it so I can post this every single time you do:

The Ethereum Paradox

Modern Crypto 2.0 currency makes its investors more than 10 times richer in just 6 months, amd continues to skyrocket.
Meanwhile, back at the crypto 1.0 ranch, outmoded beetcoin struggles to recapture JUST HALF of its former glory
How is such a thing even possible?! It really is a paradox, c0ckr0ach.

[r0ach]

More attempts to try and trick people into buying an IPO scamcoin called Ethereum

Keep going, I can do this all day.  The more you try to shill for the Ethereum IPO scamcoin, the more people will see this post.  Yes, they might get upset about spamming, but it will do more damage to your Ethereum scamcoin for people to see this than it does to me:

The Ethereum Paradox

http://bitcointalk.org/index.php?topic=1361602.0

Why proof of stake has no value:

Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary.  So why are two confirmations more useful in Bitcoin (PoW) than one?  Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there's no upper limit to confirmations.

Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails.  The act of introducing interest compounds this problem even more.  This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.

On top of being worthless, proof of stake is also a permissioned ledger.  The purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.

[Assmaster2000]

More attempts to try and trick people into buying an IPO scamcoin called Ethereum

Keep going, I can do this all day.  The more you try to shill for the Ethereum IPO scamcoin, the more people will see this post.  Yes, they might get upset about spamming, but it will do more damage to your Ethereum scamcoin for people to see this than it does to me:

The Ethereum Paradox

That leveraged long ain't working out too good, huh?

[rjclarke2000]

What is ETH actually for? What's so good about it?

I no nothing about it apart from its premined right? And there is no cap.

What are the good points?

[Assmaster2000]

What is ETH actually for? What's so good about it?

I no nothing about it apart from its premined right? And there is no cap.

What are the good points?

It can do everything that bitcoin can, plus can scale and do stuff that bitcoiners used to talk about, like smart contracts.
Oh, did I mention it's not a SHA256 coin, meaning it's not controlled by the Chinese exchange/mining cartel?

But, to be honest, that's just a backstory too, like people totally using BTC because it's simpler than using a CC. In truth, it's just a really profitable coin with good volume

[dumbfbrankings]

^^^^ Horrible lies by a shameless pumper

What is ETH actually for? What's so good about it?

I no nothing about it apart from its premined right? And there is no cap.

What are the good points?

It's a premined scam coin with ever-accelerating inflation. No one uses it, it has no exchanges or services, and it has been crashing since May 28th. Or so I hear from a c0ckr0ach.

Best just stay 100% BTC, sell your house and buy more at $580, get loans or leverage to go above 100% if you can.

Cheers

[doc12]

What is ETH actually for? What's so good about it?

I no nothing about it apart from its premined right? And there is no cap.

What are the good points?

It can do everything that bitcoin can, plus can scale and do stuff that bitcoiners used to talk about, like smart contracts.
Oh, did I mention it's not a SHA256 coin, meaning it's not controlled by the Chinese exchange/mining cartel?

But, to be honest, that's just a backstory too, like people totally using BTC because it's simpler than using a CC. In truth, it's just a really profitable coin with good volume

Mind to give a proof about eth can scale ?

Bitcoin is a supersecure blockchain, other thinks can be bulid on top of it, e.g. rootstock or lightning .  No need for fancy feutures. Just a good secure protocol.

And if bitcoin enters the next hyper bubble the red candle in your eth chart will be EPIC.

[podyx]

chinaman will pull his gambit tonight or one of these days anyway.

exchanges will go offline, get ddosed. bulls trading there with get caught with their pants off. profits from this rise evaporating in seconds. ah!

When you've been talking about bitcoins downfall ever since you sold at $10 and price just keeps going up.

[rjclarke2000]

^^^^ Horrible lies by a shameless pumper

What is ETH actually for? What's so good about it?

I no nothing about it apart from its premined right? And there is no cap.

What are the good points?

It's a premined scam coin with ever-accelerating inflation. No one uses it, it has no exchanges or services, and it has been crashing since May 28th. Or so I hear from a c0ckr0ach.

Best just stay 100% BTC, sell your house and buy more at $580, get loans or leverage to go above 100% if you can.

Cheers

Oh don't worry I have more than enough btc and I paid nowhere near $580 for them. I will be selling my house but then buying another right away and starting on renovation number 2. I believe in Bitcoin but I also believe in making money or acquiring assets elsewhere.

[becoin]

What is ETH actually for? What's so good about it?

I no nothing about it apart from its premined right? And there is no cap.

What are the good points?

There is only one good point - HOPE!

All eth cheerleaders have missed bitcoin (and continue missing it). They hope that Ethereum will do what Bitcoin did for its early adopters.

[Assmaster2000]

What is ETH actually for? What's so good about it?

I no nothing about it apart from its premined right? And there is no cap.

What are the good points?

It can do everything that bitcoin can, plus can scale and do stuff that bitcoiners used to talk about, like smart contracts.
Oh, did I mention it's not a SHA256 coin, meaning it's not controlled by the Chinese exchange/mining cartel?

But, to be honest, that's just a backstory too, like people totally using BTC because it's simpler than using a CC. In truth, it's just a really profitable coin with good volume

^^^^ Horrible lies by a shameless pumper

You mean "just a backstory" bit? Because everything else is simple facts.
Don't understand all the buttrage, why is it so hard for you to accept that other coins are making bank while your retrocoin can't even bank the halvening?

[Assmaster2000]

Literally every alt coin has proven to be a scam to earn a quick buck.

There. Fixed it for you. It's all a question of timing. I mean look at JJG, brother bought in @$1,200, and still hodling.
Talk about putting a ring on it...

When you've been talking about bitcoins downfall

Maybe he meant rel. ETH? Because man, rel. ETH bitcoin just tanked

[dumbfbrankings]

What is ETH actually for? What's so good about it?

I no nothing about it apart from its premined right? And there is no cap.

What are the good points?

There is only one good point - HOPE!

All eth cheerleaders have missed bitcoin (and continue missing it). They hope that Ethereum will do what Bitcoin did for its early adopters.

They even lie about seeing 1000% gains in 2016. Just jealous scam victims.

They will remain poe.

[doc12]

Literally every alt coin has proven to be a scam to earn a quick buck.

There. Fixed it for you. It's all a question of timing.

When you've been talking about bitcoins downfall

Maybe he meant rel. ETH? Because man, rel. ETH bitcoin just tanked

Well its just an question of time till bitcoin switches from linear to parabolic growth, m(eth) will be a good fuel ( and the tears of eth bagholders too    )

[Assmaster2000]

REEEEeeEEe!

Learn to lose  gracefully, Gentlemen

[kodtycoon]

Literally every alt coin has proven to be a scam to earn a quick buck. If you stick with a tanking alt coin you're stupid.
I'm a blockchain specialist. Respect my authority.

thats incorrect. after being heavily involved with nem since day one i can tell you that is certainly not true. even with literally millions in funding, only a tiny fraction of it has actually been spent/used and all for good purposes.

[gentlemand]

Literally every alt coin has proven to be a scam to earn a quick buck. If you stick with a tanking alt coin you're stupid.
I'm a blockchain specialist. Respect my authority.

Scam in what sense? From the first moment it was created? There are alts that had a legit birth. It's the exchanges where the scamminess occurs.

[savetherainforest]

Ether

Keep posting about your Ethereum IPO scamcoin trying to trick people into buying it so I can post this every single time you do:

The Ethereum Paradox

Modern Crypto 2.0 currency makes its investors more than 10 times richer in just 6 months, amd continues to skyrocket.
Meanwhile, back at the crypto 1.0 ranch, outmoded beetcoin struggles to recapture JUST HALF of its former glory
How is such a thing even possible?! It really is a paradox, c0ckr0ach.

To be honest... I think Ethereum is sh!t ...

Bitcoin is good because you can apply it to global scale in most of the countries and its limited.



But what I saw interesting is "Bitgold" ... and I don't know exactly too much about it, but I would not buy it until it would be applied on a global scale backed by a vault of that metal in all countries on the planet, also to be able to ask for the physical demand of it and also to be anonymous like Bitcoin. And to have a global plethora of exchanges like Bitcoin all over... And what I would like to see is this concept for "BitSilver", "BitCopper" , "BitAlluminium" , "BitIron" , "BitSteel" , "BitStainlessSteel" , "BitDiamond" , "BitMarble" , "BitCuartz" , "BitCoal" , "BitMapleWood" , "BitMapleSirup" , "BitWater" , "BitProstitute" , "BitBrothleHouse" , ... etc.. Because I think that might be a thing of the future ... but of course ... some of the more invasive ones should be having some standards, renting a sex hoe robotic doll should require some kind of psych eval or some kind of stamp of approval that you are a decent human being.

[Assmaster2000]

Ether

Keep posting about your Ethereum IPO scamcoin trying to trick people into buying it so I can post this every single time you do:

The Ethereum Paradox

Modern Crypto 2.0 currency makes its investors more than 10 times richer in just 6 months, amd continues to skyrocket.
Meanwhile, back at the crypto 1.0 ranch, outmoded beetcoin struggles to recapture JUST HALF of its former glory
How is such a thing even possible?! It really is a paradox, c0ckr0ach.

To be honest... I think Ethereum is sh!t ...

No need to love it, or even sleep with it. This is a trading sub, the goal is to make mega cheddar, my impertinent homeslice
Think of it as a game.