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

[r0ach]

You are literally complaining that bitcoin is so successful than people other than internet nerds are becoming interested. This is Good News™.

Are you the new worst commenter on the forum?  The entire point of bitcoin is "decentralization".  To mine things like gold you have to go through the government itself and get permits and also deal with entities like the EPA, yet even with all that bureaucracy, gold and silver mining is still more decentralized than bitcoin mining is.  This is not a good thing when "decentralization" is it's entire selling point.

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[Ibian]

You are literally complaining that bitcoin is so successful than people other than internet nerds are becoming interested. This is Good News™.

Are you the new worst commenter on the forum?  The entire point of bitcoin is "decentralization".  To mine things like gold you have to go through the government itself and get permits and also deal with entities like the EPA, yet even with all that bureaucracy, gold and silver mining is still more decentralized than bitcoin mining is.  This is not a good thing when "decentralization" is it's entire selling point.

Welcome to the real world. Other people have Agendas. This was never not going to happen.

[Searing]

You are literally complaining that bitcoin is so successful than people other than internet nerds are becoming interested. This is Good News™.

Are you the new worst commenter on the forum?  The entire point of bitcoin is "decentralization".  To mine things like gold you have to go through the government itself and get permits and also deal with entities like the EPA, yet even with all that bureaucracy, gold and silver mining is still more decentralized than bitcoin mining is.  This is not a good thing when "decentralization" is it's entire selling point.

Welcome to the real world. Other people have Agendas. This was never not going to happen.

Worse then that....2 camps..both have a big block solution...neither can muster enough to get their way.....but to top it off Bitcoin Core which currently is in control
of the project...does not care about block size increase....thus a stalemate with 1 party just fine if it goes no place.

stagnation

So until both parties come to the table on solutions OTHER then the ones they have already proposed...this could go on for years yet. (assuming BTC price lasts that long)

Thus no communication (beyond twitter wars) no protocol change ..simple as that

(all parties being btc whales from back in the day is not helping this any either..with I'll sink the ship first attitude if I lose from both sides..actions....imho anyway)

[r0ach]

You are literally complaining that bitcoin is so successful than people other than internet nerds are becoming interested. This is Good News™.

Are you the new worst commenter on the forum?  The entire point of bitcoin is "decentralization".  To mine things like gold you have to go through the government itself and get permits and also deal with entities like the EPA, yet even with all that bureaucracy, gold and silver mining is still more decentralized than bitcoin mining is.  This is not a good thing when "decentralization" is it's entire selling point.

Welcome to the real world. Other people have Agendas. This was never not going to happen.

Please make a comment that makes some type of sense.  You first said I'm "complaining that others besides internet nerds are interested in bitcoin".  LOL, they are not interested in "bitcoin", they're interested in inserting themselves as middlemen and extracting usury and seigniorage fees from you.  The exact thing that bitcoin is supposed to prevent.  If bitcoin developers themselves can't even mine the coin they develop for and have to pay tribute to some cartel, I'm not sure there is much point in this because this thing has clearly gone off the rails.

[savetherainforest]

This is fucking hilarious.  Bitfury sues to prevent bitcoin from being un-centralized!  This is why I can't stand bitcoin now.  These idiots even think it's supposed to be centralized.

https://www.reddit.com/r/Bitcoin/comments/60ast5/bitfury_george_pledges_to_sue_all_involved_with/

Good luck with the lawsuit in China! ... you will need it!  


http://www.bbc.com/news/business-36200481   (Short version:  "Apple lost trademark lawsuit in China over their own product name.")


*edit: Keep smoking that hopium r0ach!   

[mymenace]

I love using a currency that is decentralised and I can profit from myself via mining or trading. As well I can transfer my money anywhere in the world and buy anything in the world with it.

What a great idea this bitcoin is..

[rjclarke2000]

Been away from here for a few days and I see we are lower in price and it's the same fork bullshit as usual. Wake me up when this is all over.

[Torque]

Here's something different:
http://www.bbc.com/news/uk-politics-39325561

[Torque]

corrupt miners

Define what a "corrupt miner" is. I hope you have something better than "miners who do things that I just don't approve of".

corrupt miner = "miners who do things that EVERYONE ELSE (users, exchanges, brokers, merchants, investors) in Bitcoin doesn't approve of."

You might then say, "yeah, well at that point people will just vote with their feet."

Not if the Bitcoin ecosystem is big enough. Everyone will be too invested in Bitcoin's success at that point. Give miners enough power and control, and it won't matter anymore.

[Ibian]

corrupt miners

Define what a "corrupt miner" is. I hope you have something better than "miners who do things that I just don't approve of".

corrupt miner = "miners who do things that EVERYONE ELSE (users, exchanges, brokers, merchants, investors) in Bitcoin doesn't approve of."

You might then say, "yeah, well at that point people will just vote with their feet."

Not if the Bitcoin ecosystem is big enough. Everyone will be too invested in Bitcoin's success at that point. Give miners enough power and control, and it won't matter anymore.

Okay so basically the same thing. If the majority disapproves of whatever then it doesn't matter because they have the majority of the hashpower. It's a shit definition and in practice pretty worthless.

[Torque]

corrupt miners

Define what a "corrupt miner" is. I hope you have something better than "miners who do things that I just don't approve of".

corrupt miner = "miners who do things that EVERYONE ELSE (users, exchanges, brokers, merchants, investors) in Bitcoin doesn't approve of."

You might then say, "yeah, well at that point people will just vote with their feet."

Not if the Bitcoin ecosystem is big enough. Everyone will be too invested in Bitcoin's success at that point. Give miners enough power and control, and it won't matter anymore.

Okay so basically the same thing. If the majority disapproves of whatever then it doesn't matter because they have the majority of the hashpower. It's a shit definition and in practice pretty worthless.

When faced with truth, you troll. 

You want miners to take over centralized control of Bitcoin, at the expense of the rest of the users in the ecosystem. Got it.

Fascist much?

Sorry Ibian, but when r0ach starts making more sense than you, you have to go to my ignore list.

[Cassius]

Here's something different:
http://www.bbc.com/news/uk-politics-39325561

Well, not sure about USD prices but it looks like BTC will soon get a bump against Sterling.

[Ibian]

corrupt miners

Define what a "corrupt miner" is. I hope you have something better than "miners who do things that I just don't approve of".

corrupt miner = "miners who do things that EVERYONE ELSE (users, exchanges, brokers, merchants, investors) in Bitcoin doesn't approve of."

You might then say, "yeah, well at that point people will just vote with their feet."

Not if the Bitcoin ecosystem is big enough. Everyone will be too invested in Bitcoin's success at that point. Give miners enough power and control, and it won't matter anymore.

Okay so basically the same thing. If the majority disapproves of whatever then it doesn't matter because they have the majority of the hashpower. It's a shit definition and in practice pretty worthless.

When faced with truth, you troll. 

You want miners to take over centralized control of Bitcoin, at the expense of the rest of the users in the ecosystem. Got it.

Fascist much?

Sorry Ibian, but when r0ach starts making more sense than you, you have to go to my ignore list.

You gave your opinion. I gave my opinion of your opinion. None of that is trolling. Not even your part, or so I choose to presume. If it's not too presumptuous.

[Killerpotleaf]

corrupt miner = "miners who do things that EVERYONE ELSE (users, exchanges, brokers, merchants, investors) in Bitcoin doesn't approve of."

miners wont signal somthing they dont believe in.

maybe you should try to take a more objective view, and realize that asking everyone to bank on an unproven concept is not a viable way forward at this point.

and "everyone else" is not the case in this case, OBVIOUSLY

[Dafar]

https://www.reddit.com/r/Bitcoin/comments/60gem4/jihan_wus_latest_weibo_post_looks_like_an_offer/

Jihan willing to talk is a GREAT sign! I really believe once he folds the scaling debate will start coming to a conclusion. The fact that he admits that he finds 2nd layer solutions a threat is telling, but he will realize that he cannot force the rest of the community to hold back on achievements to benefit the miners. A prosperous $2K+ bitcoin is much better for him than half a bitcoin with less users

[Holliday]

maybe you should try to take a more objective view, and realize that asking everyone to bank on an unproven concept is not a viable way forward at this point.

Wait... I thought you were a BU supporter? What happened?

[aztecminer]

i hope you guys make up your minds this time bitcoin .

[STT]

Well, not sure about USD prices but it looks like BTC will soon get a bump against Sterling.

Brexit anticipated weakness is already in the price for sterling, certainly cable I think has a fair chance to be neutral to positive this year.  Dollar has its own news and dynamics vs world trade, obviously brexit is stated a reference to the current changes passing in USA for its trade agreements.    
Overall the trend for sterling is negative for some years now, long before Brexit.  Fiscal and trade deficit but vs dollar it may stay quite level.

BTC in CNY I think has held a lower point and is not negative.  I think its showing neutral action and may hold till news effects it further.

Dollar strength has come off some as less rate rises are seen likely.  $1060 and above is more positive action if it can hold that but overall it looks less positive then the CNY charts I see.  It'd be good to see if Dollar index shows weakness does this help the price for bitcoin

[alexeft]

https://www.reddit.com/r/Bitcoin/comments/60gem4/jihan_wus_latest_weibo_post_looks_like_an_offer/

Jihan willing to talk is a GREAT sign! I really believe once he folds the scaling debate will start coming to a conclusion. The fact that he admits that he finds 2nd layer solutions a threat is telling, but he will realize that he cannot force the rest of the community to hold back on achievements to benefit the miners. A prosperous $2K+ bitcoin is much better for him than half a bitcoin with less users

If he's asking me, I don't negotiate with blackmailers. Segwit node up and running and not going down.

[Paashaas]

https://www.reddit.com/r/Bitcoin/comments/60gem4/jihan_wus_latest_weibo_post_looks_like_an_offer/

Jihan willing to talk is a GREAT sign! I really believe once he folds the scaling debate will start coming to a conclusion. The fact that he admits that he finds 2nd layer solutions a threat is telling, but he will realize that he cannot force the rest of the community to hold back on achievements to benefit the miners. A prosperous $2K+ bitcoin is much better for him than half a bitcoin with less users

Thx for sharing Dafar!

Jihan is finished, this is his only solution to compromise. Bugs, BU=ALT-coin, no propper support and his raging from past weekend made him realize that his whole PR battle is ruined 

Jihad Jihan Wu is going down this week!

Well, that escalated fast...