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

[Last of the V8s]

BCH pumping pretty hard today.

I hope that means Roger is losing money...

Maybe the opposite.

Then who be pumping 

Oh. I thought he meant 'Roger's making money by pumping'. No?

Who else would buy this shit if not Roger and his friends?

The daft Korean newbs

[erre]

BCH pumping pretty hard today.

I hope that means Roger is losing money...

Maybe the opposite.

Then who be pumping 

Oh. I thought he meant 'Roger's making money by pumping'. No?

Who else would buy this shit if not Roger and his friends?

The daft Korean newbs

Kim jong un 

[erre]

You really opened my mind, now I understand who is buying all the bcc

[Last of the V8s]

The daft Korean newbs

Kim jong un  

Lol yes. N Korea was the first nation state reported by the MSM to be mining bitcoin.
No Roger has connections all round the Far East, can pump bch at the exchanges and at this conference mentioned^.
also Wu is a bit of a god it seems to lotsa Chinese miners - they do as he says - all the while hating him for mining for a month before sending them their rigs.

[jojo69]

all the while hating him for mining for a month before sending them their rigs.

I know the feeling...

What ever happened to that Josh motherfucker anyway?

[Last of the V8s]

all the while hating him for mining for a month before sending them their rigs.

I know the feeling...

What ever happened to that Josh motherfucker anyway?

so many Josh motherfuckers in that game.

guess you mean the butterfly labs one? idk sorry

[jojo69]

yeah...that one...

[Last of the V8s]

yeah...that one...

ooh I say

and was just about to say BobLawblaw seems to know a thing or 2 about all that
https://bitcointalk.org/index.php?topic=114329.msg18783000#msg18783000

JOSHUA ZERLAN,
Serve: Joshua Zerlan 26163 W 108th Terrace Olathe, KS 66061
Defendants.
Cause No. Division No.
PLAINTIFF DEMANDS  TRIAL BY JURY

COMPLAINT

Plaintiff Marc Bevand brings this Complaint for violations of the Racketeer Influenced and Corrupt Organizations Act (“RICO”), breach of contract, unjust enrichment, conversion and violation of the Missouri Merchandising Practices Act (“MMPA”) against Defendants BF Labs, Inc. d/b/a Butterfly Labs, Sonny Vleisides, Darla Jo Drake a/k/a Jody Drake, Jeff Ownby, and Joshua Zerlan (collectively (“Defendants”).

NATURE OF THE ACTION

1. Plaintiff seeks recovery of the purchase price and consequential damages for Bitcoin mining machines Plaintiff purchased from Defendants but which Plaintiff never received, and for which Plaintiff never received a refund, despite multiple promises of a refund over several years.

2. This suit also seeks treble damages and attorneys’ fees under RICO for Defendants’ illegal scheme to obtain customers’ money by making fraudulent statements via mail, wire, and the internet, omitting and concealing material information in order to induce customers to make pre-payments for non-existent Bitcoin mining equipment, failing to ship Bitcoin mining equipment orders for which Plaintiff pre-paid, profiting from Bitcoin mining for Defendants’ own benefit using Plaintiff’s equipment without permission or authorization from Plaintiff, and retaining both the prepayments and the equipment ordered by Plaintiff without providing a refund.

[Last of the V8s]

wow testing private blockchains https://www.scribd.com/document/358181061/Ecb-stella-Project-Report-September-2017
tl;dr they don't work duh

[surix]

Can I understand Segwit 2x like this:

Let's say:
-  most of the initial NYA miners switch to Segwit 2x (BTC1), which represents >80% of total hashing power;
-  most of the nodes (>80%) stayed with core (as of today: 6344 core nodes vs 184 BTC1 nodes, source: coindance; perhaps we can throw in also bitcoin 920 ABC nodes and 694 BU nodes to BTC1 side?)

In this case, hard fork happens, and Segwit 2x coin gets >80% of hashing power but only <20% nodes;
Core coin gets <20% of hashing power but >80% nodes;

Then which one is Bitcoin? the one with more hashing power? Or more nodes (users?)?

I'm very confused.

[jojo69]

the one with more users

[Meuh6879]

Yep.

Users forward transactions (and filters with the rules of the network).

Users matter.
And Bitcoin Core have P2Pool miners, too ... to mitigate the lost of "somes" POOL.

[jojo69]

this shit will probably be coming to a head just about the time the weather starts cooling off, guess I should blow the dust out of all the old crap and figure out how to get on a core supporting pool

hell we ran the network just fine on this stuff a couple years ago, every little bit helps right?  plus FREE HEAT!

[Arriemoller]

/ignore

To be fair, the (increasingly large) logarithmic spike followed by an (increasingly long) 75% retractment is, probably the, defining long term pattern of Bitcoin.  Personally I think this log spike has quite a bit more to go.  Actually, I think it is just getting started.  But BNM has correctly identified the pattern.

Aren't you ignoring the fact that the  two previous bubbles were artificialy made by MtGox?
After Gox closed the price just went down to where it should have been, and would have been, had there never been a MtGox.

[empowering]

/ignore

To be fair, the (increasingly large) logarithmic spike followed by an (increasingly long) 75% retractment is, probably the, defining long term pattern of Bitcoin.  Personally I think this log spike has quite a bit more to go.  Actually, I think it is just getting started.  But BNM has correctly identified the pattern.

Aren't you ignoring the fact that the  two previous bubbles were artificialy made by MtGox?
After Gox closed the price just went down to where it should have been, and would have been, had there never been a MtGox.

yeah...wherever would we be without MtGox?  

/s

ps 2014 just called- apparently they want their post back   ^^

[jojo69]

Aren't you ignoring the fact that the  two previous bubbles were artificialy made by MtGox?
After Gox closed the price just went down to where it should have been, and would have been, had there never been a MtGox.

Now hold on a minute, let's flesh this out.  You believe the Willy bot produced the 2013 spikes?  What is your basis for this?

[Arriemoller]

Aren't you ignoring the fact that the  two previous bubbles were artificialy made by MtGox?
After Gox closed the price just went down to where it should have been, and would have been, had there never been a MtGox.

Now hold on a minute, let's flesh this out.  You believe the Willy bot produced the 2013 spikes?  What is your basis for this?

I don't know exactly how Marc did it.
But the price on Gox was alway higher than on all other exchanges, making all other follow. And when gox went away, so did the bubbles.
My guess would be that he just made the figures up, Willys part in that is unknown to me.

[jbreher]

In other news, Roger Ver and big blockers rekt again:
https://twitter.com/alansilbert/status/905106387260370945

Anecdotal evidence is anecdotal. Mayhaps we ponderate the average:



Bitcoin Cash users are paying 1/1066 the amount per transaction than are Bitcoin Core users. Bigblockers R3KT? Hardly. More the other way around.

[empowering]

In other news, Roger Ver and big blockers rekt again:
https://twitter.com/alansilbert/status/905106387260370945

Anecdotal evidence is anecdotal. Mayhaps we ponderate the average:
 
Bitcoin Cash users are paying 1/1066 the amount per transaction than are Bitcoin Core users. Bigblockers R3KT? Hardly. More the other way around.

What users?

[jbreher]

Thanks for posting the text. I suppose it's juvenile, but I can't help but draw attention to one passage in the translation:

... the Shanghai Stock Exchange trading volume of tens of thousands of penis per second.

Whatever could they have meant?