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

[marcus_of_augustus]

As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals.

where's the intrinsic value? i don't believe anything has intrinsic value in the great scheme of things. value's awarded and mutually agreed, it's not a concrete thing.

you're right, all value is necessarily subjective because value is a human construct that doesn't have an object existence you can prove with experimental or observational evidence.

However, Landauer's principle of information theory ensures that entropy-increasing, irreversible computations (like bitcoin's proof-of-work hashing) consume a quantifiable minimum requirement of energy. Energy is an objective, extrinsic property associated with many different tradeable commodities that are widely marketed. i.e. valuable, across the planet.

[redsn0w]

Hello from comely Bulgaria!
Tell please , how many block left til the Halvening ? I and Nika excited !

Save this website:

 - http://www.thehalvening.com/

[ProfessionalBitsurgeon]

Only 110 blocks to ne plus ultra monetary extacy, gentlemen.
Can you even believe it?

[smracer]

There is about to be a short squeeze shit storm.

[Meuh6879]

[angaper]

As long as bitcoin has intrinsic value (which we agree it does), the price can boom due to economic conditions, just like the precious metals.

where's the intrinsic value? i don't believe anything has intrinsic value in the great scheme of things. value's awarded and mutually agreed, it's not a concrete thing.

you're right, all value is necessarily subjective because value is a human construct that doesn't have an object existence you can prove with experimental or observational evidence.

However, Landauer's principle of information theory ensures that entropy-increasing, irreversible computations (like bitcoin's proof-of-work hashing) consume a quantifiable minimum requirement of energy. Energy is an objective, extrinsic property associated with many different tradeable commodities that are widely marketed. i.e. valuable, across the planet.

But energy is just an underlying need in all things based on computational technologies, and we have just founded this critical issue a priori, so the potential value of bitcoin was never calculated based on its energy consumption.

[spacehopper]

https://www.youtube.com/watch?v=9jK-NcRmVcw
The Final Countdown    http://www.bitcoinblockhalf.com/   Bitcoin Block Reward Halving Countdown

Bitcoinity's showing the number of blocks until the halving too. It wasn't showing earlier today, but now it's in a prominent place above the charts (which show a healthy price rise as we approach the moment we've been waiting for).

[orpington]

all roads lead to 666.66 haha

[marcus_of_augustus]

yous girls ready to party?

[numismatist]

Jesus loves bitcoin

And the devil adores money. Not so sure about these rumors

[yefi]

Can't believe we're nearly at the second halving - just one hundred more blocks to go.

[soullyG]

98

[savetherainforest]

yous girls ready to party?

Here! ... I added a nice track to it!


And... 94!

[orpington]

93

[toknormal]

92

[Patel]

90

[JayJuanGee]

89  (but who's counting?)

[BlindMayorBitcorn]

More small miners on the verge of dropping out? No problem. The Chinese mining cartel has our back. Let's centralize celebrate!!

Edit: 88

[orpington]

                                              87

[PoolMinor]

86