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

[becoin]

I don't buy this "attack on Bitcoin" argument.

Nobody cares what you buy and what you don't. You're a loser!

[bitcoinPsycho]

Want to send $20? Too bad, you will receive $4, it's only fair to pay the Blockstream Corporation for their Bitcoin invention.

Actually you're paying a nice Chinese man to finance his attacks on Bitcoin.

I don't buy this "attack on Bitcoin" argument. So what if the chain gets spammed? That's exposing a weakness. What if Bitcoin actually got the mainstream adoption all these sycophants are constantly proclaiming? That spam would be replaced with "real" transactions. Old dice websites and others used to do 1 satoshi transactions all the time, there are legitimate reasons to send low value high volume transactions that aren't intentionally "malicious".

If core don't like the mempool being filled, they should alter their code to handle this. Unfortunately, they prefer to limit the block size and ensure that fees continue to rise, going so far to say $1,000 fees would be acceptable. Pushing transactions off chain is like a toddler pushing their toys under the bed to clean their room. They say things like it would be fine if it took as long as a year for a payment to settle as long as you could ensure it would eventually settle. That completely changes the fundamental currency claim of Bitcoin. It's not a settlement network.

Um I thought you are only into  Ixcoin?

[Gab0]

Want to send $20? Too bad, you will receive $4, it's only fair to pay the Blockstream Corporation for their Bitcoin invention.

Actually you're paying a nice Chinese man to finance his attacks on Bitcoin.

I don't buy this "attack on Bitcoin" argument. So what if the chain gets spammed? That's exposing a weakness. What if Bitcoin actually got the mainstream adoption all these sycophants are constantly proclaiming? That spam would be replaced with "real" transactions. Old dice websites and others used to do 1 satoshi transactions all the time, there are legitimate reasons to send low value high volume transactions that aren't intentionally "malicious".

If core don't like the mempool being filled, they should alter their code to handle this. Unfortunately, they prefer to limit the block size and ensure that fees continue to rise, going so far to say $1,000 fees would be acceptable. Pushing transactions off chain is like a toddler pushing their toys under the bed to clean their room. They say things like it would be fine if it took as long as a year for a payment to settle as long as you could ensure it would eventually settle. That completely changes the fundamental currency claim of Bitcoin. It's not a settlement network.

+1
I totally agree with you!
It does not matter if it is spam or real transactions. It is a real problem.

[x2666]

I don't buy this "attack on Bitcoin" argument.

Nobody cares what you buy and what you don't. You're a loser!

Nice ad hominem, try to refute my point. You can't.

[becoin]

I don't buy this "attack on Bitcoin" argument.

Nobody cares what you buy and what you don't. You're a loser!

Nice ad hominem, try to refute my point. You can't.

What is your point? You don't like to use bitcoin as a settlement layer? Then don't use it as a settlement layer! Use it as usual. But you say you can't afford to pay the tx fees. Well, you're offered a choice. You either pay the tx fees, if you don't want to use the second bitcoin layer, or you use BCH or some other shitcoin! Hope that solves your dilemma.

[fluidjax]

I don't buy this "attack on Bitcoin" argument. So what if the chain gets spammed? That's exposing a weakness. What if Bitcoin actually got the mainstream adoption all these sycophants are constantly proclaiming? That spam would be replaced with "real" transactions. Old dice websites and others used to do 1 satoshi transactions all the time, there are legitimate reasons to send low value high volume transactions that aren't intentionally "malicious".

If core don't like the mempool being filled, they should alter their code to handle this. Unfortunately, they prefer to limit the block size and ensure that fees continue to rise, going so far to say $1,000 fees would be acceptable. Pushing transactions off chain is like a toddler pushing their toys under the bed to clean their room. They say things like it would be fine if it took as long as a year for a payment to settle as long as you could ensure it would eventually settle. That completely changes the fundamental currency claim of Bitcoin. It's not a settlement network.

Increasing the block size won't stop spam, it will just fill up the hard drives quicker.
To stop spam you need a fee market, which 'prices out' the spammers, coupled with a 2nd tier, low cost, off chain payment system where spam has no effect... oh look thats what we are now getting... great

 

[Meuh6879]

At what point will it cost the same to maintain a node and pay the fees of a transaction?
Would not that be a BIG irony?

Node and fee ... seriously, you ask ?
Bitcoin is a network, and fee is the mecanism to be allow to emit a transaction.

If you don't follow the rules (or choose deliberatly a low fee) : Deal with it.

A full node can process 20 connexions with 10 tx per second (per each connexion) without arming the bandwidth and the power of the node (well, if it's a pi ... ).

Most of the (new ?) users, here, don't understand the "network" in the "B" of the Bitcoin.
bitcoin (with a "b") is money.

But a good part of this forum understand and valuate the Bitcoin, first (and get rich with bitcoins after ... a couple of years).

[BTCtrader71]

Is margin trading considered the same as if you were selling from your previous stash or is it a separate thing?

My guess is that it has to be considered a separate thing. My reasoning is this: suppose someone does the exact same trades as your friend does, but that person does NOT have an extra stash that is kept offline. In his case, it would make no sense to act as if the offline BTC were being sold (and bought back), bc he doesn't have any. So now the question becomes: does it make sense to treat the exact same trades one way for one person, and another way for another person? I would think probably not.

PS I'm no accountant, and this is not tax advice, blah blah blah.
PPS Hopefully I understood your question correctly. Correct me if I did not ...

[blockinoutthehaters]

The altcoin mining market is growing:

http://www.zdnet.com/article/asus-unveils-cryptocurrency-mining-motherboard-that-supports-19-gpus/

If only intel/amd/nvidia start making asic miners...finally some competition.

[harrymmmm]

-----BEGIN BITCOIN SIGNED MESSAGE-----
Ok, so my account yefi got hacked 2017-08-19. I'm a little shocked at this as my p/w was a random 9 digit code with a special character. It was also unique to this site. Anyway, please ignore anything my lobotomised impostor now writes, thank you.
-----BEGIN SIGNATURE-----
1NYG8FXzttGBxeyTpvefkG9qVEQUFRacQo
ILKE74zlefd0JdEr8uhy4EK9XsbeVUuDxPHyoMzPlFl5fJV2k0pmeNU1O7o00kUXY/9t5H7jJh7rXYjwmIYQq0k=
-----END BITCOIN SIGNED MESSAGE-----

Here is the unedited post where I posted that address: https://bitcointalk.org/index.php?topic=996318.msg13422402;topicseen#msg13422402

I didn't see that anyone confirmed this, so let me say I did.
yefi2 possesses the private key that matches the address yefi posted previously.

[cmacwiz]

'bout to smash the ATH! I am hype for this final leg up

[xhomerx10]

'bout to smash the ATH! I am hype for this final leg up

 Huh?  Final?!

[harrymmmm]

Another overnight push. Loving those at the moment.  

Does anyone have a list of airdrop Alts that can still be claimed with my private keys?

I'm not sure how many airdrops are running out there, but these are confirmed running right now:

Stellar Lumens - LAST date 27th Aug
https://www.stellar.org/blog/bitcoin-claim-lumens-2/

Byteball - next round on 6th Sep
https://byteball.org/

Bitcore
https://bitcore.cc/

(And of course, the usual BitCH coins, if you've not already claimed them)

People love these free money things, but I don't see much (any?) discussion of the negative aspects.
The addresses you use to claim these coins are forever linked together and that data will (eventually) make it's way to chain analysis companies (by sale) or governments (by subpoena).

Even worse, when you do this you decrease the privacy of bitcoin for other users as well.

Full disclosure: I tried a clam address to check out (the free money and) use of shapeshift instead of installing a special wallet. It worked well btw.
I'm already seeing single satoshis being sent to that address, I guess in the hope they get merged into a transaction one day when fees work out better, thus linking some extra addresses together.
It only needs one of those clustered addresses to be associated with your actual id for the whole cluster to be linked to you.

edit: for the record I should have added bch into this. Moral of the story - if you have any expectation of privacy, sell your bch  one address at a time

[cmacwiz]

'bout to smash the ATH! I am hype for this final leg up

 Huh?  Final?!

I think this is going to be the local final leg up with a fierce rally to  ~$10k, until a serious market correction or really an interim bear market. I have a feeling $10k is going to be reached before the new year, but then we'll have to "pay" for it

[xhomerx10]

'bout to smash the ATH! I am hype for this final leg up

 Huh?  Final?!

I think this is going to be the local final leg up with a fierce rally to  ~$10k, until a serious market correction or really an interim bear market. I have a feeling $10k is going to be reached before the new year, but then we'll have to "pay" for it

 Thanks for the explanation.  I don't think there is anything the value can do after running up to 10k to make us pay for it... Unless we are buying from here on up and then it tanks.
I welcome any and all increases in value as well as the occaisional healthy correction.

[fluidjax]

-----BEGIN BITCOIN SIGNED MESSAGE-----
Ok, so my account yefi got hacked 2017-08-19. I'm a little shocked at this as my p/w was a random 9 digit code with a special character. It was also unique to this site. Anyway, please ignore anything my lobotomised impostor now writes, thank you.
-----BEGIN SIGNATURE-----
1NYG8FXzttGBxeyTpvefkG9qVEQUFRacQo
ILKE74zlefd0JdEr8uhy4EK9XsbeVUuDxPHyoMzPlFl5fJV2k0pmeNU1O7o00kUXY/9t5H7jJh7rXYjwmIYQq0k=
-----END BITCOIN SIGNED MESSAGE-----

Here is the unedited post where I posted that address: https://bitcointalk.org/index.php?topic=996318.msg13422402;topicseen#msg13422402

This is proof it's yours, especially as it was quoted by another person back on 2/1/16
Based on this, won't the mods give you your account back?

[European Central Bank]

This is proof it's yours, especially as it was quoted by another person back on 2/1/16
Based on this, won't the mods give you your account back?

they're seriously slow with this type of stuff normally. there are sad little threads in the meta section that drag on for ages.

i change my password and email pretty regularly. you never know when the next hack will be.

[kurious]

-----BEGIN BITCOIN SIGNED MESSAGE-----
Ok, so my account yefi got hacked 2017-08-19. I'm a little shocked at this as my p/w was a random 9 digit code with a special character. It was also unique to this site. Anyway, please ignore anything my lobotomised impostor now writes, thank you.
-----BEGIN SIGNATURE-----
1NYG8FXzttGBxeyTpvefkG9qVEQUFRacQo
ILKE74zlefd0JdEr8uhy4EK9XsbeVUuDxPHyoMzPlFl5fJV2k0pmeNU1O7o00kUXY/9t5H7jJh7rXYjwmIYQq0k=
-----END BITCOIN SIGNED MESSAGE-----

Here is the unedited post where I posted that address: https://bitcointalk.org/index.php?topic=996318.msg13422402;topicseen#msg13422402

Sorry to hear this Yefi.

It is of course the lack of security on the site, and no reflection on you.   I know how I would feel, though, having to start as a noob after so many years of posting on here.  You are still a legend to those who know, don't worry!

Hope you can get back your avatar soon, or ideally Theymos will verify the hack and return the account to you - which OUGHT to be possible, given your ability to prove it.

There should be a way to prove their leaky security is at fault - so so many do not suffer this indignity on a site which (ironically) is all about cryptography.

[empowering]

That flash dump on Finex thou'

Calm yo titties bro

Jeeze

(flash drop $120-$150  in under a minute- with low volume.....)

(nothing major but I was looking at it at the time and thinking woahh there buddy)

[podyx]

Just don't tell me this is gonna be a double top and there's gonna be no higher price. That would be nasty