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

[r0ach]

Because the shark scammers that PnD'ed Bitcoin in the beginning years have run out of hacks, flaws, DDoS attacks, media-created FUD, etc. to work with. Bitcoin is more rock-solid, distributed, and secure now than it has ever been in its 8 year history. The only thing they have left is to try and divide the community and slow things down.

I consider everything about the bitcoin price a scam until we have an exchange leading the market that is NOT Bitfinex.  There is zero difference in Finex and Gox.  The price could be $20,000 or $2 at any second with this fraud exchange.

[Holliday]

I'm expected to trust these people with the Bitcoin network?

this is the problem... you shouldn't have to trust anyone with the Bitcoin network, the network should be able to choose what it wants, not what one team wants.

you're looking for someone to trust, obviously its easier to TRUST core more than BU devs, this is perfectly rational, they have dozens more devs, and these devs have been at it for twice as long as BU devs.

but we shouldn't trust any of these people( BU or Core), we should trust in the network to be able to pick and choose between BIP these teams produce, and NOT trust a team to choose whats best for the network.

we need dev teams with competing interest to produce different proposals, the more we have to choose from the better!

Way to ignore the meat of my post and focus on my flippant comment at the end.

When I say "trust these people with the Bitcoin network", I'm referring to their ability to employ responsible techniques when dealing with their own code base and when dealing with those who choose to run their software. I'm talking about all the BUtcoiners, who are so worried about paying some tiny ass fee because they want to use the best tool for censorship-proof value transfer in the world to purchase a fucking cup of coffee, pushing this shit down our throats and having the entire fucking network run according to it's fucked up rules.

You run BU and you apparently don't give a shit about how this entire event surrounding this bug went down. I'd be pissed. I was certainly pissed when rnike heam's migration to leveldb caused a fork.

[Holliday]

I think, in the grand scope of things, the way the bug was handled is the bigger issue (even though the bug itself was terrible). Every step of the way BU handled the situation poorly. The code was apparently barely reviewed in the first place. Publishing the fix on a public technical platform, such as github, does little to warn the actual users, while highlighting the issue for any savvy malevolent attackers! What was BU's plan to inform users, after-the-fact ridicule memes on r/Bitcoin? Then... they have the nerve to blame Core for their own fuck up. This is hardly inconsequential.
 

I think you need to readjust your shit code parameters there, buddy.  If you think for one second that crappy "assert-as-input-checking" is unique to BU or Classic then you are deluding yourself. This sloppy coding style in endemic in the bitcoin codebase (wbat is now called "Core"), and any attempt to characterize it as a BU thing is dishonest.

Have a read of this for some examples

Maybe you have reading comprehension issues, but I just said I'm less worried about the shit code than the way the entire thing was handled. Oh, no, you intentionally ignored that part and focused on something else entirely.

It's a shit show, and I'm expected to trust these people with the Bitcoin network?

Welcome to Bitcoin! Thank$ for your fiat.

Bwhahahahahahahahahaha.

[r0ach]

because they want to use the best tool for censorship-proof value transfer in the world

If it was censorship proof you could just steal a bunch of bitcoins then simply dump them on Coinbase...but you can't.  Anything that's not fungible is a permissioned ledger by default.

[PoolMinor]

because they want to use the best tool for censorship-proof value transfer in the world

If it was censorship proof you could just steal a bunch of bitcoins then simply dump them on Coinbase...but you can't.  Anything that's not fungible is a permissioned ledger by default.

I want to know where to purchase food directly with gold.

[bones261]

because they want to use the best tool for censorship-proof value transfer in the world

If it was censorship proof you could just steal a bunch of bitcoins then simply dump them on Coinbase...but you can't.  Anything that's not fungible is a permissioned ledger by default.

I want to know where to purchase food directly with gold.

I'm sure that if you had a gold coin, you could go to a neighbor, state "this is all I have and I'm hungry," and your neighbor is more than likely to let you help yourself.

[PoolMinor]

because they want to use the best tool for censorship-proof value transfer in the world

If it was censorship proof you could just steal a bunch of bitcoins then simply dump them on Coinbase...but you can't.  Anything that's not fungible is a permissioned ledger by default.

I want to know where to purchase food directly with gold.

I'm sure that if you had a gold coin, you could go to a neighbor, state "this is all I have and I'm hungry," and your neighbor is more than likely to let you help yourself.

The point is a gold transaction only occurs during a permissioned transaction.

[HI-TEC99]

It's hit a daily high of $1260 on stamp again. That news about the FED raising the rate might be filtering through to the early risers in China. Lets see what happens when they've all woken up and heard the news. Bitcoin up, Yuan down?

[r0ach]

I want to know where to purchase food directly with gold.

Do you think this guy is more likely to accept bitcoin or gold?

[Torque]

I want to know where to purchase food directly with gold.

Do you think this guy is more likely to accept bitcoin or gold?

In Venezuela, definitely bitcoin.

[marcus_of_augustus]

Whew, what's it gonna take?

The BU shitshow rolls on ... ok, we get that the big blockers are butthurt about being told to sit down and shut-up when their ruckus became unseemly but why the fuck are they persisting to fuck everything up that they do and righteously insist they have bitcoin's best interests at heart and they have the best possible solution?

Bitcoin needs a long-term max_block_size increasing solution, everyone knows that, BU is not it, an interesting idea that brings something to the table but definitely not The One, they need to get over that. Anyone who thinks they have IT, put it up on github and let's talk about it ... same as it ever was.

[PoolMinor]

I want to know where to purchase food directly with gold.

Do you think this guy is more likely to accept bitcoin or gold?

The esoteric nature of that transaction is not a feasible scenario.

[Holliday]

because they want to use the best tool for censorship-proof value transfer in the world

If it was censorship proof you could just steal a bunch of bitcoins then simply dump them on Coinbase...but you can't.  Anything that's not fungible is a permissioned ledger by default.

Remember that time when the culprits who stole 850,000 bitcoins from Gox were caught thanks to block chain forensics?

Besides, I'm referring to moving bitcoins from address to address via the block chain, and you know that. I'm trying to think of an instance where trading one asset for another with another party doesn't require permission.

[r0ach]

In Venezuela, definitely bitcoin.

I've already looked up info on Venezuela before.  I expected bitcoin to sell for a premium there...but no..it seems to sell at a loss if anything for the only instances I could find.  Metals seem to have an enormous premium, though.  I also expected lots of cheap real estate deals you could buy using external currency, but nope.  Real estate is actually sky high with shitty houses for high amounts of cash.  People seem to be buying up housing to avoid hyperinflation/currency collapse.

[bitserve]

Altcoins market cap now more than 6billion$. It has almost doubled in... a week? In the meantime, bitcoin price being rock solid.

Let's see what happens when the altcoin bubble explodes...

[DieJohnny]

Altcoins market cap now more than 6billion$. It has almost doubled in... a week? In the meantime, bitcoin price being rock solid.

Let's see what happens when the altcoin bubble explodes...

Dash will tank but only probably 30%, ETH is just getting started and everything else is pretty stable. In 10 years this won't be remembered just as the age of bitcoin. It will be the birth of several coins that will have multiple billion market caps. Each with uniquely different reasons to own each. Bitcoin is clearly positioning itself very narrowly. ETH incredibly broadly. Dash and XMR as fungible anonymous money. I own them all except Dash... i am a dash hater not sure why.

[Torque]

Altcoins market cap now more than 6billion$. It has almost doubled in... a week? In the meantime, bitcoin price being rock solid.

Let's see what happens when the altcoin bubble explodes...

'Cause things like this totally makes sense, right? Lol

https://coinmarketcap.com/currencies/shadowcash/#charts

[bitserve]

Altcoins market cap now more than 6billion$. It has almost doubled in... a week? In the meantime, bitcoin price being rock solid.

Let's see what happens when the altcoin bubble explodes...

Dash will tank but only probably 30%, ETH is just getting started and everything else is pretty stable. In 10 years this won't be remembered just as the age of bitcoin. It will be the birth of several coins that will have multiple billion market caps. Each with uniquely different reasons to own each. Bitcoin is clearly positioning itself very narrowly. ETH incredibly broadly. Dash and XMR as fungible anonymous money. I own them all except Dash... i am a dash hater not sure why.

I don't understand what you mean by this statement:

Bitcoin is clearly positioning itself very narrowly. ETH incredibly broadly.

(Not sure if it is because english is my second language or because the meaning is not clear)

I agree with all the rest... except that dash will probably tank much more as soon as masternodes try to sell their stash and force a cascading dump.

[jbreher]

I'm expected to trust these people with the Bitcoin network?

This is Bitcoin. If we need to trust anyone with it, it has already failed.

[blockcha1n]

I'm expected to trust these people with the Bitcoin network?

This is Bitcoin. If we need to trust anyone with it, it has already failed.

Amen to that brother.....
Amen to that.