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

[pariahbit]

I think you'll find that any widely used currency will see a substantial amount of it being spent on criminal shit, obviously, so that points invalid really imo.

Most currencies aren't used *primarily* for khrymez. Bitcoin is an unnoticeable fraction of a fraction of 1% of world's currencies, yet it's already responsible for 40% criminal to criminal payments (c2c) on the interweb.

Only 40% really?? wow I thought it would be way more than that, plus the media has spewed alot of bs demonizing BTC on behalf of the government and central banks etc. to add to that. Anyway you have to respect BTC if you have any respect for crypto currency cos it is and always will be the daddy, so pay homage little pheasant to the daddy of all crypto currencies. Also idc if you can buy drugs over the web, using BTC or not, people will always purchase and abuse drugs, at least this way they can do it safely without having to deal with shady ass street dealers and anonymously cos were not all shameless and think it looks good to be seen buying drugs or some shit.

40% is sorta a lot. But sure, anyone willing to pay too much for drugs on the internet because too pussy to actually leave Mom's basement? Yeah, they probably could find an alternative to bitcoin. Just like anyone determined enough to kill a bunch of people could probably smother them to death with a pillow. OTOH, bitcoins and auto/semi auto weapons are far more practical. See where this is going?

Finally, I didn't mean to imply that I'm anti-crime or anti-drug. Simply pointing out that those are bitcoin's only unique use cases.

P.S. Bitcoin is doing x20 worse than ETH. Where's your god now?
http://s31.postimg.org/4x9picsi3/Capture.gif

[TERA]

I think Bitcoin's one use case as a banking system to take over a $20 trillion+ banking system is far more than enough. The average person isn't going to care about "my money can also be used natively to pay for slow cloud computing services, without having to bother exchanging it first". They just want the most secure banking/payments system, which is Bitcoin.

[pariahbit]

I think Bitcoin's one use case as a banking system to take over a $20 trillion+ banking system is far more than enough. The average person isn't going to care about "my money can also be used natively to pay for slow cloud computing services". They just want the most secure banking/payments system, which is Bitcoin.

Banking system doesn't need bitcoin any more than it needs cancer. The banks handle fiat, why in the world would they support something that's openly anti-bank & anti-fiat?
What are you thinking?

Re ETH being Turing complete: It's a nice gimmick, even "The DAO" is up 18%, and you need ETH to buy that, so DIY demand -- closest to a closed-loop economy crypto ever got.
Vitalik's a clever guy.

[Jord33]

I think Bitcoin's one use case as a banking system to take over a $20 trillion+ banking system is far more than enough. The average person isn't going to care about "my money can also be used natively to pay for slow cloud computing services". They just want the most secure banking/payments system, which is Bitcoin.

Banking system doesn't need bitcoin any more than it needs cancer. The banks handle fiat, why in the world would they support something that's openly anti-bank & anti-fiat?
What are you thinking?

Eh? Because if it becomes as popular as most people here would love it to become, it will destroy their evil fucked up financial system they've created and used to enslave us for decades now and with the damage the banks have done in the past decade especially I hope to see that happen, maybe within the course of a revolution, but hey even better. 

[TERA]

I think Bitcoin's one use case as a banking system to take over a $20 trillion+ banking system is far more than enough. The average person isn't going to care about "my money can also be used natively to pay for slow cloud computing services". They just want the most secure banking/payments system, which is Bitcoin.

Banking system doesn't need bitcoin any more than it needs cancer. The banks handle fiat, why in the world would they support something that's openly anti-bank & anti-fiat?
What are you thinking?

The banks don't need to cooperate. I'm talking about when the people choose to use Bitcoin instead of banks so Bitcoin gains some of the market share. I don't when you got here but I've been here for many years since before all these lame 'banking-integration' and 'blockchain' crap started.

[pariahbit]

I think Bitcoin's one use case as a banking system to take over a $20 trillion+ banking system is far more than enough. The average person isn't going to care about "my money can also be used natively to pay for slow cloud computing services". They just want the most secure banking/payments system, which is Bitcoin.

Banking system doesn't need bitcoin any more than it needs cancer. The banks handle fiat, why in the world would they support something that's openly anti-bank & anti-fiat?
What are you thinking?

The banks don't need to cooperate. I'm talking about when the people choose to use Bitcoin instead of banks so Bitcoin gains some of the market share. I don't when you got here but I've been here for many years since before all these lame 'banking-integration' and 'blockchain' crap started.

Ah, sorry, misinterpreted the "one use case as a banking system to take over a $20 trillion+ banking system." My mistake.
You feel that world economy is going to go bitcoin? Sounds plausible.

[TERA]

Well, the entire world economy doesn't need to go Bitcoin. However, if even 1% of the world economy goes Bitcoin, you have an amount equal to a few thousand percent of the current market cap.

[Jord33]

P.S. Bitcoin is doing x20 worse than ETH. Where's your god now?
http://s31.postimg.org/4x9picsi3/Capture.gif

ETH is worth waaaay less tho so obviously it dosen't have to increase as much in price in order for it to be doing "better" than BTC. I mean I only heard about this ETH today here but how long has it even been around? Don't get me wrong it does look promising but it could just be increasing from the BTC increase could it not? I'm not as clued up as many on here but that's the way it seems to me.

[BlindMayorBitcorn]

Isn't ETH supposed to switch to POS at some point? What the hell am I missing here?

[TERA]

Who knows. ETH can just do anything because there is a centralized team of developers led by one king controlling it.

[pariahbit]

Well, the entire world economy doesn't need to go Bitcoin. However, if even 1% of the world economy goes Bitcoin, you have an amount equal to a few thousand percent of the current market cap.

You ever consider how much it would cost to secure a "$20 trillion+" POW network? Taking into account that it costs ~25BTC/10 mins to secure it now, when the market cap is a mere 10 billion?

[BlindMayorBitcorn]

Who knows. ETH can just do anything because there is a centralized team of developers led by one king controlling it.

I'm bitter; there's no real reason for me to have missed that train. I just think the DAO is a substantially stupid idea. Am I wrong?

[pariahbit]

P.S. Bitcoin is doing x20 worse than ETH. Where's your god now?
http://s31.postimg.org/4x9picsi3/Capture.gif

ETH is worth waaaay less tho so obviously it dosen't have to increase as much in price in order for it to be doing "better" than BTC. I mean I only heard about this ETH today here but how long has it even been around? Don't get me wrong it does look promising but it could just be increasing from the BTC increase could it not? I'm not as clued up as many on here but that's the way it seems to me.

I'm not a macroeconomist. All I'm concerned with is how much more money I make by investing in gambling on ETH vs. BTC. Regarding how long it's been around: BTC has been around for a laughably short 7 years, while ETH has been around for 2. On the plus side, ETH isn't struggling to maintain just HALF of its all-time high after spending years in the toilet

[JayJuanGee]

[edit]

And again: You can't see the pertinence due to not understanding what I said, and you didn't understand what I said because you're stupid.
Work on not being so stupid, JJG.

Just because I did not respond to your tangent of baloney does not mean that I do not understand your various attempts at stretching logic into incredulity.

You know what, if you were genuinely attempting to engage in material and relevant points and addressing those kinds of more central matters, then maybe it would be acceptable, from time to time, to explore some of your baloney, abstract and minutely relevant puzzles of a point.  

It does not do a whole hell of a lot of good to talk about various abstractions, when there is plenty of concrete and more relevant points (that you conveniently like to ignore with your broad generalized nonsense).

[TERA]

Who knows. ETH can just do anything because there is a centralized team of developers led by one king controlling it.

I'm bitter; there's no real reason for me to have missed that train. I just think the DAO is a substantially stupid idea. Am I wrong?

I don't know. I bought a small amount of DAO just because the entire thing was bought out in an IPO at that level and rising, plus it's backed by ETH. Strictly a supply/demand play. And now I'm thinking of selling due to an equally abstract reason - so I don't get in trouble with a court.

[JayJuanGee]

I think Bitcoin's one use case as a banking system to take over a $20 trillion+ banking system is far more than enough. The average person isn't going to care about "my money can also be used natively to pay for slow cloud computing services, without having to bother exchanging it first". They just want the most secure banking/payments system, which is Bitcoin.

 


OMG


TERA turning into a real and meaningful bull.



 

[Jord33]

P.S. Bitcoin is doing x20 worse than ETH. Where's your god now?
http://s31.postimg.org/4x9picsi3/Capture.gif

ETH is worth waaaay less tho so obviously it dosen't have to increase as much in price in order for it to be doing "better" than BTC. I mean I only heard about this ETH today here but how long has it even been around? Don't get me wrong it does look promising but it could just be increasing from the BTC increase could it not? I'm not as clued up as many on here but that's the way it seems to me.

I'm not a macroeconomist. All I'm concerned with is how much more money I make by investing in ETH vs. BTC. Regarding how long it's been around: BTC has been around for a laughably short 7 years, while ETH has been around for 2. On the plus side, ETH isn't struggling to maintain just HALF of its all-time high after spending years in the toilet

Sounds good, but I love BTC ever since I got into it and unless it collapses I'll stand with BTC I mean just look at the last few days, if I'd hoarded all my BTC like a smart person instead of spending it on shit (drugs) I'd be alot richer than I am right now anyway. And it's the volatility that makes BTC so good to make money with if your patient with your investment and wait for times like these and it will struggle to hold half it's all time value when it rose to such a high price, what's the highest this ETH has been @?

[pariahbit]

what's the highest this ETH has been @?

In USD? Today is the ATH, I think.

And again: You can't see the pertinence due to not understanding what I said, and you didn't understand what I said because you're stupid.
Work on not being so stupid, JJG.

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcSl9Od6rqxLjtVdJ6PwtSuGtWkC8HPAPRB_v9fwuRYRDtmhDdGB

http://s32.postimg.org/bn46l51x1/dontbeupset.jpg

[Mrpumperitis]

btc pump over for time being...watch out for auction

[marcus_of_augustus]

Vitalik is not clever at all, he's a naive kid. He's just being exploited by a group of ruthless bankers who get to pump a wunder-kid 'back-story', while painting a $1.5 billion target on Vitalik's head ... and they can disappear when it collapses and Vitalik get's left dealing with the fallout, if he survives that long.