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

[BlindMayorBitcorn]

The world computer, 12 transactions a second and counting.

Dumbfounded.

We could take a leaf out of their book and dream a little more expansively.

Use one of our 4 tx/sec for one continent to pay off their yearly wheat bill to another.

We can put it all on a smart contract that we can fork off if too many people start to go hungry.

[Last of the V8s]

The world computer, 12 transactions a second and counting.

Dumbfounded.

We could take a leaf out of their book and dream a little more expansively.

Use one of our 4 tx/sec for one continent to pay off their yearly wheat bill to another.

We can put it all on a smart contract that we can fork off if too many people start to go hungry.

Wonder if the bitcoin community would reach consensus on that. Maybe we bung both forks on a decentralized exchange and let the market decide?

[Ibian]

Please cite names. I'd love to know who you're talking about.

it's probably gonna curse us to say his name. the guy was relentless.

but here it is - jorge stolfi.

FIFY

He has his own show now.
https://www.reddit.com/r/Buttcoin/comments/6fmutm/learn_how_to_buy_bitcoin/dik9rto/?context=3

I really can't understand someone wasting so many time in something he is not invested in. If instead he would have invested when he decided to start his campaign against Bitcoin he would be somewhat rich now and could just go living its life. But no, he chose to keep living a frustrated pointless life for no reason.

I have heard that about 5% of the population has some degree of mental issues.... But I don't think there's one out of 20 with his rating. No way.

It's way more than 5%.

[Denker]

Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.

Oohh shitcoin shilling detected!
Who gives a damn about a metric which makes aboslutely no sense with all those locked up coins due to ICO scams.And let's not forget the 70million Ether premine!The switch to shi*** POS will be hilarious by the way!
But keep on pumping that scam! What goes up that kind of parabolic will come down as well! Extremely hard and incredibly fast! I just sit and watch the shitshow happening.Soon noobs will cry and complain like headless chickens and so on! A coin lead by one 30kg guy where Putin and all the other mighty ones already put their paw around him!Totally decentralized and immutable as we know right?!

[bitserve]

But keep on pumping that scam! What goes up that kind of parabolic will come down as well! Extremely hard and incredibly fast!
[/quote]

Careful, we're all in the same boat, remember bitcoin has tripled in 65 days.  
[/quote]

Wrong! Bitcoin has tripled doubled in 3-4 years

[Qartada]

Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.

Oohh shitcoin shilling detected!
Who gives a damn about a metric which makes aboslutely no sense with all those locked up coins due to ICO scams.And let's not forget the 70million Ether premine!

Oh look, a meaningless slur about altcoins again.  How original.

Market cap makes little sense - but pretending that ETH is insignificant at this point is just straight up lying.  We've all been pretending it's going to crash for long enough, but it hasn't come true.

By the 70 million Ether premine, you mean the 60 million crowdsale?
Look.  Ether is centralised as hell and Buterin is an idiot, so I'm not investing.  But does anyone here really think that it doesn't matter?    All these new alts are being created on Ethereum, they're marketing like absolute geniuses...

[Eric Cartman]

But keep on pumping that scam! What goes up that kind of parabolic will come down as well! Extremely hard and incredibly fast!

Careful, we're all in the same boat, remember bitcoin has tripled in 65 days. 

Wrong! Bitcoin has tripled doubled in 3-4 years

Both are right, and we we all know the top of 2013 would never happen under normal conditions.

[SaintFlow]

Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.

Bitcoin deserve that. Slow, pricy, china centered. I used to like Btc, but not anymore. I make transaction with HYPER inflated fees and wait 10 years for confirmation to go through... F* it...

Last night I waited 12 hours for confirmation at the standard fee.

I understand that the miners want to turn a buck and that they are throwing around
massive amounts of energy and hardware...

Somehow I wonder if this is still elegant enough for the top of the
line cryptocurrency.

[iikun]

Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.

Bitcoin deserve that. Slow, pricy, china centered. I used to like Btc, but not anymore. I make transaction with HYPER inflated fees and wait 10 years for confirmation to go through... F* it...

Last night I waited 12 hours for confirmation at the standard fee.

I understand that the miners want to turn a buck and that they are throwing around
massive amounts of energy and hardware...

Somehow I wonder if this is still elegant enough for the top of the
line cryptocurrency.

I paid extra today for a speedier transaction & it still took half an hour. If the miners keep being part of the problem rather than the solution something else is going to come along and spank Bitcoin's ass.

[talkbitcoin]

Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.

Bitcoin deserve that. Slow, pricy, china centered. I used to like Btc, but not anymore. I make transaction with HYPER inflated fees and wait 10 years for confirmation to go through... F* it...

haha, so go have fun with your super duper cheap ethereum transaction which is not at all costing nearly $1 to make a transaction these days. and good luck with the next time when some other sleazy genius exploited the platform and caused another "roll back".

[SaintFlow]

@talkbitcoin

don't get me wrong. Ethereum has a long way to go to build anything close to the trust bitcoin has gained.
I am in it for the long haul and no I have not gotten rich, yet. I think Vitalik is probably in more trouble/minute
than he bargained for and I would not for the life of me want to be in his shoes.
Satoshi was smart not to give his identity away. Vitalik ... well, time will tell.

And it isn't that Bitcoin didn't have its shares of mishaps and major scams.
For example: I do not shed a tear for the GLBSE (Global Bitcoin Stock Exchange) and all its mining contracts.
I view the token sales as nothing more than GLBSE all over again and hope that it will end better this time.

I still chuckle from time to time at what people went through with Butterflylabs or Mt. Gox.
You remember the time when the coins from the Deep Web Drug market Silk Road where suddenly
up for auction and the price had to deal with the sudden availability of more Bitcoins?
I still cry for the sudden disappearance of ASICMINERs Friedcat cause it did loose me a true fortune!
Do you remember Bitcoincourt? A shame it never manifested, we would still need it.


edit: spelling

[bitserve]

Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.

Bitcoin deserve that. Slow, pricy, china centered. I used to like Btc, but not anymore. I make transaction with HYPER inflated fees and wait 10 years for confirmation to go through... F* it...

Last night I waited 12 hours for confirmation at the standard fee.

I understand that the miners want to turn a buck and that they are throwing around
massive amounts of energy and hardware...

Somehow I wonder if this is still elegant enough for the top of the
line cryptocurrency.

I paid extra today for a speedier transaction & it still took half an hour. If the miners keep being part of the problem rather than the solution something else is going to come along and spank Bitcoin's ass.

I use the Ledger Wallet. It has three fee recomendations, fast, standard and slow. I always chose fast until yesterday. For fast it was a 2.19€ fee, for standard 1.70€, for slow i don't remember. I chose standard, so 1.70€. The confirmation hapened in around 1 hour, maybe even a little more. It has been the first time I have experienced such a big delay. It's not such a big deal but yes, even if I think most people are exaggerating their issues I must conclude it is a shame.

Bitcoin needs to solve its scaling problem NOW. Not only because of the fees, but because I am sure the price would have SKYROCKETED if it had been solved already.

[Meuh6879]

looking good for a week-end.
it doesn't drop in the cave like all sunday ...

[Arcteryx]

Ethereum's market cap is rising so fast that if Bitcoin's price does not increase soon, Ethereum will be number 1 in Market Cap. That will be a sad day for Bitcoin.

Bitcoin deserve that. Slow, pricy, china centered. I used to like Btc, but not anymore. I make transaction with HYPER inflated fees and wait 10 years for confirmation to go through... F* it...

Last night I waited 12 hours for confirmation at the standard fee.

I understand that the miners want to turn a buck and that they are throwing around
massive amounts of energy and hardware...

Somehow I wonder if this is still elegant enough for the top of the
line cryptocurrency.

I paid extra today for a speedier transaction & it still took half an hour. If the miners keep being part of the problem rather than the solution something else is going to come along and spank Bitcoin's ass.

This was strange to me too.
I had a send with a 65 sat/KByte fee attached to it and didn't expect it to get confirmed for hours or if at all.
Note, I didn't put the transaction fee on it mind you, it was in the wallet's hands I was sending from.
But it got first confirmation in less than 10 minutes.
So something happened to the miners getting enough since the pump up in bitcoin price or blockchain is feeling the heat from what ethereum is capable of doing the same thing but for much much cheaper and faster.
Competition is always a good thing in the end to the end user.

[JimboToronto]

Good morning Bitcoinland.

Pretty much going sideways after a little dip and bounceback... currently $2877USD (Bitcoinaverage).

Right where we were yesterday. Ho hum.

A late good morning Bitcoinland. A little hung over.

So what'd ya drink?

Lots and lots of Guinness Extra Stout (the 5% alc/vol Ontario stuff, not the 4.2% Irish kind) with numerous shots of Jagermeister, tequila and Jamieson's in between. All on an empty stomach.

I'm getting too old for this kinda shit. Gotta remember to eat first and lay off the hard stuff, or at least stick to only one kind.

Feeling much better today. Just had a few Guinness and a couple shots of applejack after dinner last night.

[bitserve]

ATH @ BITSTAMP

[AZwarel]

WTF happened on finex??? someone bought 2k BTC?

[HI-TEC99]

ATH @ BITSTAMP

And it's another weekend pump with another ATH. How long until it breaks $3000 on stamp?

[bzzard2]

https://image.prntscr.com/image/AjAqiasdTzyjpSv1UOpmDg.png

[JimboToronto]

Wow, got out of the bathtub to see an ATH.

Go Bitcoin go.