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

[Rub3n]

Buy Buy Buy, Space X might embrace BTC as their intergalactic currency tomorrow. (Did you hear that as well?) #HYPE

[doc12]

Antpool third block is not BU , he was bluffing or testing , the drama continues.

So lets change the POW now ...

[HI-TEC99]

1000 BTC buy wall @ BITSTAMP @ $ 1275


what is the meaning of this ?

is it gentleman?

We had a good pump after the weekend before last. Perhaps we'll get another good pump this week too. That wall could be due to money from bank transfers arriving in bitstamp again now the banks are open. We keep getting close to $1300, maybe this is the week we break above it.

[BitUsher]

Antpool third block is not BU , he was bluffing or testing , the drama continues.

So lets change the POW now ...

Nah , too soon ...


Jihan may be bluffing , but we must prepare for the worst. Take you bitcoins off exchanges and we will give tutorials to safely split your coins when the time is right.

After the chain splits we can still win back a majority of hashpower by dumping our BUfork coins and reinvesting in the original chain. Exchanges will list both coins as there are profits to be made and miners also follow profits so Jihan may come running back to the original chain with a lot less resources when he finds out he made a mistake by turning on the economic majority.

[gentlemand]

Antpool just started mining BU blocks.

And there seems to be some brewing drama regarding UASF and dingy miners who are threatening to split the network with BU (shitcoin)

The sooner Chinese miners are sold for body parts by their government the better. They shouldn't have the power that they do. Let them fork off but it would be a worry unless there was some way of truly disposing of them with a PoW change. That may well invalidate the non BU miners too though.

[petahashminer]

1000 BTC buy wall @ BITSTAMP @ $ 1275


what is the meaning of this ?

is it gentleman?

We had a good pump after the weekend before last. Perhaps we'll get another good pump this week too. That wall could be due to money from bank transfers arriving in bitstamp again now the banks are open. We keep getting close to $1300, maybe this is the week we break above it.

lol. i agree and hope with you that.

so far, that buy WALL still there...

and nobody is willing to sell to that wall..

[becoin]

Antpool just started mining BU blocks.

The biggest pool is heading to bankruptcy. Any idea why? 

[promomei]

Antpool just started mining BU blocks.

The biggest pool is heading to bankruptcy. Any idea why? 

to run with lots of BTC

[becoin]

Antpool just started mining BU blocks.

The biggest pool is heading to bankruptcy. Any idea why? 

to run with lots of BTC

So, it is time to withdraw all our bitcoins from hashnest?

[doc12]

Better withdraw all funds from all services, this is a hostile takeover and could end up very messy ...

Actually its a bit hard for me to understand how someone who has invested millions in hardware can risk that by running untested stoftware coded by some hobby programmers, but stupidity seems popular these days...

[Karpeles]

100k unconfirmed transactions while things just get even messier with the Antpool thing.

I think something will happen in less than 1 week.

And maybe the Antpool riot will be used as an excuse for the ATF not being approved

[gentlemand]

Better withdraw all funds from all services, this is a hostile takeover and could end up very messy ...

Actually its a bit hard for me to understand how someone who has invested millions in hardware can risk that by running untested stoftware coded by some hobby programmers, but ok ...

Condoms and dental dams for all too.

There's a world of difference between squealing and actually murdering your own cash cow. Let's see how Satoshi's careful balance of incentives pans out.

[promomei]

Antpool just started mining BU blocks.

The biggest pool is heading to bankruptcy. Any idea why? 

to run with lots of BTC

So, it is time to withdraw all our bitcoins from hashnest?

need some more info and links to start doing that

[bitcoinvest]

Ok, this is the time for summarize things....can someone help me in simple words and explain what is going on with the block chain the fork etc?

[doc12]

Acutally if a hostile fork happens then almost the whole network will reject the invalid blocks   
They could fuck up bitcoin really bad.

[promomei]

Antpool just started mining BU blocks.

The biggest pool is heading to bankruptcy. Any idea why? 

to run with lots of BTC

So, it is time to withdraw all our bitcoins from hashnest?

need some more info and links to start doing that

https://twitter.com/WhalePanda

[BitUsher]

Ok, this is the time for summarize things....can someone help me in simple words and explain what is going on with the block chain the fork etc?

Jihan a few days ago verbally attacked core because he wants to control bitcoins development and BU advocates are happy to give it to him
2 of the last 3 antpool blocks signalled for BU
Bitmain sells 70% of all ASICs , and its possible that they control over 51% of mining hashpower directly and indirectly
He could be bluffing or committing a hostile takeover without consensus
Like most BU miners he has set EB1/AD6 which means taht they wont break consensus at 51% and still have to manually activate at 75% or where they want to.
There is no way of know if he is false signalling as a bluff or really using BU code, my guess he is running core nodes still but signalling for BU.
If BU forks that that means the monetary supply has doubled and the 21million limit is false.
Keep you coins off exchanges during this time so you can split the duplicated coins and that "coin vote" by dumping on the chain you don't want to follow.

[becoin]

Ok, this is the time for summarize things....can someone help me in simple words and explain what is going on with the block chain the fork etc?

The biggest mining pool Antpool made wrong business assumption while planning their expansion and investment last year. They didn't anticipate bitcoin's rapid appreciation. They might have sold customer bitcoins to finance that. Now they will make some noise to cause price pullback. However, this will be their second wrong business decision... and might turn to be lethal for the pool. But hey, other miners will be happy. Bitcoin doesn't care for exceptionally greedy miners.

[BitUsher]

Acutally if a hostile fork happens then almost the whole network will reject the invalid blocks   
They could fuck up bitcoin really bad.

Yes,  91% of nodes will reject BU blocks and ban all nodes relaying them -

 http://luke.dashjr.org/programs/bitcoin/files/charts/software.html

Jihan is either bluffing to renegotiate (not going to happen) or he is serious and hoping that 91% of nodes will suddenly switch to BU (also not going to happen)

[doc12]

Acutally if a hostile fork happens then almost the whole network will reject the invalid blocks    
They could fuck up bitcoin really bad.

Yes,  91% of nodes will reject BU blocks and ban all nodes relaying them -

 http://luke.dashjr.org/programs/bitcoin/files/charts/software.html

Jihan is either bluffing to renegotiate (not going to happen) or he is serious and hoping that 91% of nodes will suddenly switch to BU (also not going to happen)

There are 32610 Core nodes on the network ? How this Nr is measured ?

http://luke.dashjr.org/programs/bitcoin/files/charts/services.html