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

[FractalUniverse]

there will be hardly anyone to dump those split tokens onto.
current orderbook at finex: [and i doubt it would be much different in case of split]
bccusd:
 2         2.0    2.0    2,329
1         0.0    2.0    2,300
1         2.0    4.0    2,227
1         0.0    4.0    2,000
1         0.0    4.1    1,729
1         0.0    4.1    1,720
1         0.0    4.1    1,600
1         4.9    9.0    1,500
2         22.3    31.4    1,370
........
1         0.1    32.7    3

bcc/btc:
1         5.0    5.0    0.900
1         0.1    5.1    0.8712
1         0.0    5.1    0.8610
4         9.3    14.5    0.8550
2         5.0    19.5    0.8500
1         0.0    19.5    0.8143
......
1         0.0    24.6    0.1100
1         1.0    25.6    0.0920
1         10.0    35.6    0.0141
1         22.0    57.6    0.00023
1         31.0    88.6    0.00022
1         44.0    132.6    0.00021
1         496.1    628.7    0.00020
2         4,000.0    4,628.7    0.00001
1         2,000.0    6,628.7    0.000006
1         2,000.0    8,628.7    0.000005
1         2,000.0    10,628.7    0.000004
2         4,000.0    14,628.7    0.000002
12         24,000.0    38,628.7    0.000001

[1715092099]

1715092099

[BlindMayorBitcorn]

The damage is already done, there will be now 42 million bitcoins, exchanges and merchants are already scrambling to deal with it.

That would also mean I now have twice as many bitcoins.

Exchanges can dump bcc with insane volume.

So it is just a dead altcoin.

Chinese mining cartel can dump BTC proper into oblivion. Let's face it. We're all going to die.

[lost_in_base]

there will be hardly anyone to dump those split tokens onto.
current orderbook at finex: [and i doubt it would be much different in case of split]
bccusd:
 2         2.0    2.0    2,329
1         0.0    2.0    2,300
1         2.0    4.0    2,227
1         0.0    4.0    2,000
1         0.0    4.1    1,729
1         0.0    4.1    1,720
1         0.0    4.1    1,600
1         4.9    9.0    1,500
2         22.3    31.4    1,370
........
1         0.1    32.7    3

bcc/btc:
1         5.0    5.0    0.900
1         0.1    5.1    0.8712
1         0.0    5.1    0.8610
4         9.3    14.5    0.8550
2         5.0    19.5    0.8500
1         0.0    19.5    0.8143
......
1         0.0    24.6    0.1100
1         1.0    25.6    0.0920
1         10.0    35.6    0.0141
1         22.0    57.6    0.00023
1         31.0    88.6    0.00022
1         44.0    132.6    0.00021
1         496.1    628.7    0.00020
2         4,000.0    4,628.7    0.00001
1         2,000.0    6,628.7    0.000006
1         2,000.0    8,628.7    0.000005
1         2,000.0    10,628.7    0.000004
2         4,000.0    14,628.7    0.000002
12         24,000.0    38,628.7    0.000001

 Chain Split Tokens

Chain Split Tokens (CSTs) are the first such product of its kind, allowing Bitfinex customers to speculate on future fork events of the Bitcoin blockchain, specifically, the potential fork between Bitcoin Core and Bitcoin Unlimited by 11:59:59 UTC December 31, 2017. CSTs are designated as BCC (Bitcoin Core) and BCU (Bitcoin Unlimited). CSTs trade as BTC and USD pairs.

Users will be able to create CSTs by “splitting” a bitcoin through the Token Manager (located in the Order Form’s Order Type drop-down menu in the sidebar). Once split, the BTC will be removed from your account for each BCC and BCU added. Through the same Token Manager, you will be able to reverse this process at any time, trading in equal numbers of BCC and BCU to extract BTC.

Learn more about Chain Split Tokens from:

https://www.bitfinex.com/posts/195

https://www.bitfinex.com/cst_token_terms


Shit comes in many forms..

This has nothing to do with bcc , bitcoin cash by VIA

[FractalUniverse]

Shit comes in many forms..

This has nothing to do with bcc , bitcoin cash by VIA

hmmm
Im trying to find out how to make some profit out of this (as i was left without btc because of recent fast pump)
I'll figure this out within few days, give me some time

[lost_in_base]

Shit comes in many forms..

This has nothing to do with bcc , bitcoin cash by VIA

hmmm
Im trying to find out how to make some profit out of this (as i was left without btc because of recent fast pump)
I'll figure this out within few days, give me some time

The problem is when it forks off, whales cash(dump) it to zero.
Just another altcoin that should have no affect on BTC exchanges but japanese will halt some.

Lets get back to ATH!
Only 190 usd to go!

[European Central Bank]

Chinese mining cartel can dump BTC proper into oblivion. Let's face it. We're all going to die.

there's a whole world out there with dollars, euros and more. they can only sell once.

[Icygreen]

Speculation on electricity costs vs. value:

Lets say mining costs (electricity costs) significantly decreased in the next decade or even became free. Would this pull the value out of bitcoin's POW? Or perhaps more nodes could run and value would be placed more on the security of the network.

Surely decreased energy costs would be a global change and difficult to predict.

[bones261]

I'm not sure why changing the POW algo to an Asic resistant GPU friendly algo would really stop a centralization trend. GPUs use electricity, correct? Part of the problem with the "Chinese mining cartel" is that they can get cheaper electricity. Correct? What's to prevent them from just establishing huge GPU mining farms and shutting out the little guys again? Not to mention that the bigger guys will be able to get a deal on the GPUS since they would be able to buy in huge bulk.

I gather you've been (are still?) a miner, so your opinion has weight for me.
Please help me understand.

The cheap (subsidized) electricity argument... yeah, that is probably a show-stopper
However, wouldn't an assortment of algos make life harder to monopolists/producer firms by forcing some kind of specialization?
Besides, they might have GPU farms (I believe they do), but in that case they would still be competing with homespun rigs set up by people who fire their computers anyway, mining or no mining. At the moment, given the monopolist market, few independent actors have modern mining equipments able to compete. Do you think the number and power of "independent" GPU's is too small to be significant?

Yes, people use their computers anyway. However, running a GPU 24/7 at maximum capacity uses a lot more electricity than a computer sitting on idle for most of the day. An assortment of algos only makes it difficult/impossible to make ASICs, which are dedicated chips designed to only do one task very well. Since GPUS are more general purpose, it's only a matter of changing the software to mine a new algo. It is true that an independent miner can possibly find ways to minimize their electricity costs. They may live in an area where it is cheaper. The may also live in a cooler climate, so their coolings costs would go down. The real kicker though is a big guy will almost always be able to buy the equipment (the GPUs) for cheaper than the independent miner. It's the same reason why Wal-mart can get their goods for way cheaper than an independent grocery. I'm not an expert, but one factor is that the cost of shipping goods does not go up proportionately with the amount of goods transported. A bus may use more gas than a taxi, but it can carry up to 50+ passengers and doesn't use 10X the gas. Plus both the bus and the taxi each need only one employee to drive.

[bones261]

Speculation on electricity costs vs. value:

Lets say mining costs (electricity costs) significantly decreased in the next decade or even became free. Would this pull the value out of bitcoin's POW? Or perhaps more nodes could run and value would be placed more on the security of the network.

Surely decreased energy costs would be a global change and difficult to predict.

Even if electricity is free, the equipment needed to mine costs money. Plus the time spent setting up and monitoring your equipment is worth something.

[Ludwig Von]

So the majority of the miners are Chinese? I do not know about the technicals of BTC mining, but I have some experience with Chinese business. And no doubt, these miners are fully controlled by the PBOC. And everything they do is planned at the PBOC.

[European Central Bank]

It's funny to read people speculate about how Bitcoin would look like if mining was fairer when its happening right now with Monero: https://boards.4chan.org/g/thread/61488992#p61492245

that thread is incomprehensible. what does it mean?

[orpington]

It's funny to read people speculate about how Bitcoin would look like if mining was fairer when its happening right now with Monero: https://boards.4chan.org/g/thread/61488992#p61492245

that thread is incomprehensible. what does it mean?

Build your bunker now?

[Meuh6879]

Update : https://www.xbt.eu/ (144 Blocks)

[K~Ehleyr]

Please let me know when this thread gets back to discussing Bitcoin again...

[Mr Frog]

Please let me know when this thread gets back to discussing Bitcoin again...

Bitcoin Cash BCC
Peer-to-Peer Electronic Cash
https://www.bitcoincash.org/

On August 1st 2017, We the People will breathe new life into Bitcoin.
Fork Date: 2017-08-01  12:20 p.m. UTC

Bitcoin Cash (Futures) (BCC)
$509.62
https://coinmarketcap.com/currencies/bitcoin-cash/

https://bitcointalk.org/index.php?topic=2040221.0

How many forks are planned ?

[El duderino_]

The damage is already done, there will be now 42 million bitcoins, exchanges and merchants are already scrambling to deal with it.

That would also mean I now have twice as many bitcoins.

Exchanges can dump bcc with insane volume.

So it is just a dead altcoin.

And if you held both? Any risk in that?

No risk, just stupid.
Dump when there is any value.

This game with bcc will end when big exchanges will announce at monday that they will not support bcc in anyway atall never ever..!

Via will be left alone with its fake volume halting its users real coins.

To be avoided:
Bitbank Inc.
Bitpoint Japan Co. Ltd.
Quoine Co. Ltd.
Fisco Cryptocurrency Exchange Inc.
Coincheck Co. Ltd.
Btc Box Co. Ltd.
Tech Bureau Co. Ltd. (Zaif Exchange)
GMO-Z.com Coin Co. Ltd.
Campfire Corporation
Bit Trade Co. Ltd.
Bitcrements Bitcoin Exchange
Tokyo Bitcoin Co. Ltd.
Minnano Bitcoin

You have the 24th I think e Lets be lucky 😊

[Slow death]

Please let me know when this thread gets back to discussing Bitcoin again...

Bitcoin Cash BCC
Peer-to-Peer Electronic Cash
https://www.bitcoincash.org/

On August 1st 2017, We the People will breathe new life into Bitcoin.
Fork Date: 2017-08-01  12:20 p.m. UTC

Bitcoin Cash (Futures) (BCC)
$509.62
https://coinmarketcap.com/currencies/bitcoin-cash/

https://bitcointalk.org/index.php?topic=2040221.0

How many forks are planned ?

 

Really???

So the nightmare of August 1 is not over? Probably the price of bitcoin will fall on August 1

[lost_in_base]

Please let me know when this thread gets back to discussing Bitcoin again...

Bitcoin Cash BCC
Peer-to-Peer Electronic Cash
https://www.bitcoincash.org/

On August 1st 2017, We the People will breathe new life into Bitcoin.
Fork Date: 2017-08-01  12:20 p.m. UTC

Bitcoin Cash (Futures) (BCC)
$509.62
https://coinmarketcap.com/currencies/bitcoin-cash/

https://bitcointalk.org/index.php?topic=2040221.0

How many forks are planned ?

 

Really???

So the nightmare of August 1 is not over? Probably the price of bitcoin will fall on August 1

I would call it just an altcoin.
https://coinmarketcap.com/currencies/bitcoin-cash/



24, lets roll it.. feeling lucky

[megashira1]

Why is the UAHF considered just an altcoin when the UASF would have been deemed the true BTC?

If UAHF gains significant support and hashing power how is it not a threat?

[David48l]

we have bitcoin gold and bitcoin cash, great