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

[luckygenough56]

golman sachs advice :

Sell eth ---> sell bitcoin ---> fiat

[1714020859]

1714020859

[1714020859]

1714020859

[spiderbrain]

I legitimately get myself upset everytime i come here and debate this. its not healthy. i have to stay away....

Keep it up! I'm surprised anyone has the energy any more

[mymenace]

Huge, game changer


....' The “corporate capital of the world” has just made it legal for corporations to use blockchain technology for stock trading and record-keeping. At the same time, a digital currency trading platform has been authorized to provide clearing services.

The new blockchain rules will go into effect by August 1, 2017.

“LedgerX will be authorized to provide clearing services for fully-collateralized digital currency swaps,” the announcement said, adding that LedgerX “initially plans to clear bitcoin options.” '....


https://www.rt.com/usa/397397-blockchain-delaware-bill-passes/

[Slow death]

Speaking on August 1, viabtc already removed its txaccelerator


https://www.viabtc.com/tools/txaccelerator/

It's still there. You just need to click "txaccelerator" twice.

Oh yes, I saw it now

[mymenace]

Huge, game changer


....' The “corporate capital of the world” has just made it legal for corporations to use blockchain technology for stock trading and record-keeping. At the same time, a digital currency trading platform has been authorized to provide clearing services.

The new blockchain rules will go into effect by August 1, 2017.

“LedgerX will be authorized to provide clearing services for fully-collateralized digital currency swaps,” the announcement said, adding that LedgerX “initially plans to clear bitcoin options.” '....


https://www.rt.com/usa/397397-blockchain-delaware-bill-passes/

seems all the changes in the crypto industry are happening on or just before August 1st

[luckygenough56]

bitcoin cash is quite nice

segwit seems like a trojan horse to me and i don't like the idea of off-chain txs (lightning network)

[r0ach]

but it's about ensuring the network is de-centralised.  

I've seen all kinds of stupid explanations on these forums for what constitutes "decentralized".  The current bitcoin core explanation is basically "the ability to run a node".  Lol?  Then you got Adam and the 400 MB block gang who didn't even bother to come up with some type of poorly constructed defintion.  In reality, it's the ability for people to mine the coins directly which requires commodity off the shelf mining hardware - meaning the network is currently completely centralized.  Therefore, anyone who actually cares about decentralization would be campaigning for a PoW change to GPU, otherwise there's no reason for bitcoin to exist.

[Spaceman_Spiff]

bitcoin cash is quite nice

segwit seems like a trojan horse to me and i don't like the idea of off-chain txs (lightning network)

off-chain is a misnomer for LN

[ivomm]

Look at the requirements for 32M blocks, 400GB daily, 128Gb ram.
At 32M, this excludes 95% of the current bitcoin nodes creating almost total miner centralisation.

There's this new coin called physical silver bitchez that fixes horrific bitcoin centralization, blockchain bloat, and scaling.
....
Because the sheklers at Goldman Sachs told people to buy bitcoin with both hands, which means it's probably going to 12 cents

None of the above statements is sane. R0ach, we all know your story. You were really 'smart' to buy silver around 50$ instead of bitcoin which was 200-300$. Now the silver is 16$ and bitcoin is 3000$. Silver hardly ever will return to 50$, while bitcoin will continue to rise.  You can still cover your losses and buy bitcoins, if you are not broke of course  .

[marcus_of_augustus]

I legitimately get myself upset everytime i come here and debate this. its not healthy. i have to stay away....

Cognitive dissonance can do that to a guy when reality starts to poke it's ugly head through the fog of self-delusion.

You "hard-fork now" guys have dug such a deep hole for yourselves using lies and ego butt-hurt and then back-filled it with sloppy FUD, propaganda, bad ideas and worse programming. There's basically no coming back without major crow-eating humble pie and general all around ugliness.

No-one is against 'scaling' bitcoin. No-one is actually against a safe, timely hard-forking and very few are actually against bigger blocks. Your biggest problem really boils down to being butt-hurt about no-one listening to you so you kicked up a stink about things not happening on your timetable. Transaction capacity increases will be achieved in a myriad of ways. Sometimes in ways you haven't thought about and 'don't feel good about' and other times in ways you'll love ... but in the end no-one really cares about how you "feel" about a technical solution to bitcoin capacity increases.

Several 'core' BIP proposals included HF yearly block increases, even a 20% increase per year and a 2MB, 4MB, 8MB block increase ... either of which would have been in place by now and delivering bigger blocks than your recent pathetic 2MB now! current obsession, without all the governance and control shenannigans, stalling and mud-slinging at good people. The bitcoin market place for technical ideas can be brutal but it's time you built a bridge and got over yourselves.

No-one has yet proposed the solution to the problem of long-term evolution for transitioning from block rewards to a fees regime for incentivising network security. Not long after that happens the hard fork will get scheduled and then activated a year later.

[fluidjax]

but it's about ensuring the network is de-centralised.  

I've seen all kinds of stupid explanations on these forums for what constitutes "decentralized".  The current bitcoin core explanation is basically "the ability to run a node".  Lol?  Then you got Adam and the 400 MB block gang who didn't even bother to come up with some type of poorly constructed defintion.  In reality, it's the ability for people to mine the coins directly which requires commodity off the shelf mining hardware - meaning the network is currently completely centralized.  Therefore, anyone who actually cares about decentralization would be campaigning for a PoW change to GPU, otherwise there's no reason for bitcoin to exist.

If everyone mined that would help de-centralise the network, however there is no PoW change that fixes the current one's problems.
GPU's, different algorithms, they all simply kick the centralisation problems a few months down the road. We need something new, but until that comes we are stuck with what we've got.

[micalith]

but it's about ensuring the network is de-centralised.  

I've seen all kinds of stupid explanations on these forums for what constitutes "decentralized".  The current bitcoin core explanation is basically "the ability to run a node".  Lol?  Then you got Adam and the 400 MB block gang who didn't even bother to come up with some type of poorly constructed defintion.  In reality, it's the ability for people to mine the coins directly which requires commodity off the shelf mining hardware - meaning the network is currently completely centralized.  Therefore, anyone who actually cares about decentralization would be campaigning for a PoW change to GPU, otherwise there's no reason for bitcoin to exist.

If everyone mined that would help de-centralise the network, however there is no PoW change that fixes the current one's problems.
GPU's, different algorithms, they all simply kick the centralisation problems a few months down the road. We need something new, but until that comes we are stuck with what we've got.

I can't ever see Bitcoin switching to proof of stake, even if the cryptography mathematicians do find or have found a workable solution

[r0ach]

but it's about ensuring the network is de-centralised.  

I've seen all kinds of stupid explanations on these forums for what constitutes "decentralized".  The current bitcoin core explanation is basically "the ability to run a node".  Lol?  Then you got Adam and the 400 MB block gang who didn't even bother to come up with some type of poorly constructed defintion.  In reality, it's the ability for people to mine the coins directly which requires commodity off the shelf mining hardware - meaning the network is currently completely centralized.  Therefore, anyone who actually cares about decentralization would be campaigning for a PoW change to GPU, otherwise there's no reason for bitcoin to exist.

If everyone mined that would help de-centralise the network, however there is no PoW change that fixes the current one's problems.
GPU's, different algorithms, they all simply kick the centralisation problems a few months down the road. We need something new, but until that comes we are stuck with what we've got.

There's no reason for any common man off the street to support bitcoin unless he can mine it himself.  Supporting bitcoin at this juncture simply means helping Jihan Wu and a handful of other monopolies become richer.  Bitcoin would likely have already died if it wasn't for altcoins that could be mined then converted to BTC, otherwise the ecosystem would be entirely walled off.

[edgar]

you must really really love us a lot to spend so much time, energy & effort trying to save us all from our own stupidity & ignorance 24/7.

none of my parents, siblings or mates have ever shown such enduring consideration.

will you adopt me?

#baggage!

[marcus_of_augustus]

Price is going lower again
What happend?
Small drop i know But just asking Why aint we going forward

... looks like the hard-fork-now fail army are back out on the intertubes doing the FUDster rounds again.

Everytime they show up with latest hard-fork-now FUD price dumps. They probably don't realise they are tools (useful idiots) of the bankster players.

[Last of the V8s]

https://twitter.com/timpastoor/status/889769689458585600
I figured we'd all enjoy an updated version of Bitcoin's development visualization. Dramatic music for effect. https://youtu.be/kyi8ac4jrOs
-actually, the music is frightful

[r0ach]

Price is going lower again
What happend?
Small drop i know But just asking Why aint we going forward

... looks like the hard-fork-now fail army are back out on the intertubes doing the FUDster rounds again.

Everytime they show up with latest hard-fork-now FUD price dumps. They probably don't realise they are tools (useful idiots) of the bankster players.

As opposed to the other useful idiots who hype blockchains where every transaction is traced and monitored - the ultimate Orwellian police state dream - while also helping in the banker's goal to eradicate cash from society so they can then control the remaining digital infrastructure and turn everyone into a slave instead of people just using gold and silver to defeat them?  Did you mean those other useful idiots?

[chesthing]

Roach, you went from the biggest bitcoin shil to the biggest troll.
It's really obvious you shorted, hope it wasn't on margin. 

[hv_]

Price is going lower again
What happend?

Because the sheklers at Goldman Sachs told people to buy bitcoin with both hands, which means it's probably going to 12 cents:

http://www.zerohedge.com/news/2017-07-24/goldman-nervous-bitcoin-traders-be-patient-next-surge-will-take-it-above-3600

yup, lots of good news, so final chance of selling manipulation for buying 'cheap coin'

http://www.nasdaq.com/article/ledgerx-gets-us-approval-for-derivatives-on-digital-currencies-20170724-01338

Sounds huge!

Here as well

http://www.reuters.com/article/us-usa-cftc-digitalcurrency-idUSKBN1A92FZ

[Last of the V8s]

LedgerX has 11 million usd in collateral.  

also Ethereum hacked 4th time this month ~8 million usd. can't be bothered to link cos who cares at this stage

bonus http://www.phneep.com/projects/bitcoin-propaganda/