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

[2586]

Posting guild lines:
 Please lets keep this thread clean. ( I will be removing any off topic posts )
 Do not post random comments on this thread, unless it is directly related to the last wall update (ex. The 20K ask was was NOT sold into, it was removed after being tested)

So did adamstgBit just give up on moderating, or what?

[Coinseeker]

Maybe this is just the arrogant American in me but, without America, Bitcoin is little more than frequent flyer miles.  We set the trends, we say what's hot and what's not.  Russia?  When's the last time anything "cool" ever came out of Russia besides snow?    

Don't forget, America is not America without Russian software engineers, for example. Also, Sergey Brin, Google co-founder, comes from Russia.

Google hardly makes "America".  Thats as silly as saying there's no America without Apple.    

And regarding "all the cools things come from US": make a poll among citizens of all nationalities and ask which is the country doing the uncoolest things ATM. You will surprised by the results. Hint: Guantanamo, drones and so on.

I think the top uncool things would probably go to the middle east.  I personally think drones are awesome but hey, that's just me.  



Don't feed the trolls.   

[dexX7]

Where the hell is rpietila? I demand some balance in this thread. Also he was way more entertaining than this.

[Richy_T]

These are really good points and I don't necessarily disagree.  I'm not writing Bitcoin's obituary yet, but times are changing faster than Bitcoin developers can keep up, it would seem.  I mean, the diehards who have been mining since the beginning should be sitting on 100's of millions of dollars at todays prices.  It's really hard to make the legitimate argument that it's still "not big enough", to make the changes and updates the mainstream demands, when you're sitting on that kind of cash.  How much "bigger" does it need to get?  

But consider how long "Todays prices" would last if someone tried to cash out hundreds of millions of dollars worth of bitcoins. Many of the issues would be issue for the alt-coins too and since some of the issues are due to solid design, where they are not issues for other coins, that is likely because unfortunate compromises have been made in the design. If you just want something simple to use, Paypal and credit cards are there (for their faults, which are many, they are very easy to use).

A little patience is in order. I am sure there is much in the works that we will not be aware of until it launches. I suspect much was started in 2012 but it takes time to go from idea to design to implementation to testing to release.

Ironically, the thing probably most holding Bitcoin back now is the weaknesses of the methods it was designed to supplant. Payments are reversible, governments control banks. Surely, one day it will break free from that constraint but in the meantime, solving this issue would be a real killer app.

[wachtwoord]

Where the hell is rpietila? I demand some balance in this thread. Also he was way more entertaining than this.

Apparently, in a psychiatric hospital.


And @Coinseeker: I am pretty sure Cryptocurrencies will outlive America 

[Coinseeker]

These are really good points and I don't necessarily disagree.  I'm not writing Bitcoin's obituary yet, but times are changing faster than Bitcoin developers can keep up, it would seem.  I mean, the diehards who have been mining since the beginning should be sitting on 100's of millions of dollars at todays prices.  It's really hard to make the legitimate argument that it's still "not big enough", to make the changes and updates the mainstream demands, when you're sitting on that kind of cash.  How much "bigger" does it need to get?  

But consider how long "Todays prices" would last if someone tried to cash out hundreds of millions of dollars worth of bitcoins. Many of the issues would be issue for the alt-coins too and since some of the issues are due to solid design, where they are not issues for other coins, that is likely because unfortunate compromises have been made in the design. If you just want something simple to use, Paypal and credit cards are there (for their faults, which are many, they are very easy to use).

A little patience is in order. I am sure there is much in the works that we will not be aware of until it launches. I suspect much was started in 2012 but it takes time to go from idea to design to implementation to testing to release.

Ironically, the thing probably most holding Bitcoin back now is the weaknesses of the methods it was designed to supplant. Payments are reversible, governments control banks. Surely, one day it will break free from that constraint but in the meantime, solving this issue would be a real killer app.

Again, these are really good and fair points.  I was speaking more to the incentive side, for getting things done and that doesn't require cashing out. Seeing an investment that initially was worth pennies, and seeing it now should be incentive enough.  But this is why I'm hopeful of Ripple.  They make up for many of Bitcoins issues, in one fail swoop.  It does not make Bitcoin development irrelevant, actually its the opposite.  But with decentralization comes the downside of things being unorganized.  It's hard to get things done when everyone is disorganized.  I'm sure you can agree with that.

Simple is what the masses want.  That's why Paypal is successful.  Couple that with rediculously low transaction fees and the ability to come in and out of the financial sectors of the world through gateways, and you've got the future of world currency.  Bitcoin is just one piece of that.  It must learn to coexist with the rest of world currencies.

[Coinseeker]

Where the hell is rpietila? I demand some balance in this thread. Also he was way more entertaining than this.

And @Coinseeker: I am pretty sure Cryptocurrencies will outlive America 

Really?  I think the world will run out of oil long before that.  When that happens, the world goes dark so, not sure I believe you.

[oda.krell]

Maybe this is just the arrogant American in me but, without America, Bitcoin is little more than frequent flyer miles.  We set the trends, we say what's hot and what's not.  Russia?  When's the last time anything "cool" ever came out of Russia besides snow?   ;D  

Don't forget, America is not America without Russian software engineers, for example. Also, Sergey Brin, Google co-founder, comes from Russia.

Google hardly makes "America".  Thats as silly as saying there's no America without Apple.   ;D  

Coinseeker, we've been tolerating your FUD spreading and trolling, but you are really pushing it.

Bitcoin without the USA is no more than frequent flyer miles? "You" set the trends?

What you are saying is beyond stupid.  To how many countries have you traveled in your life? What do you know about economy? Do you by chance know the growth % of countries like Russia or China?

You know nothing Coinseeker. Nothing about Bitcoin. Nothing about economics. Nothing about the reality we are heading to.

And you're stupid and superficial American nationalism is an insult to intelligence.

And regarding "all the cools things come from US": make a poll among citizens of all nationalities and ask which is the country doing the uncoolest things ATM. You will surprised by the results. Hint: Guantanamo, drones and so on.

Thanks. This really needed to be said.

Coinseeker switches between outright trolling (e.g. the "only US matters for bitcoin" comments), and semi-serious discussion (for example his response to your post where he admits you have a point). Unfortunately, the majority of his posts in the last few days fall into the first category :/

[Richy_T]

Where the hell is rpietila? I demand some balance in this thread. Also he was way more entertaining than this.

Apparently, in a psychiatric hospital.


And @Coinseeker: I am pretty sure Cryptocurrencies will outlive America 

"I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of."


yeah, silver in free fall might not be good for him i guess.

Do we have any independent confirmation that the supernode conference actually happened?

[dexX7]

Where the hell is rpietila? I demand some balance in this thread. Also he was way more entertaining than this.

Apparently, in a psychiatric hospital.


And @Coinseeker: I am pretty sure Cryptocurrencies will outlive America 

"I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of."


yeah, silver in free fall might not be good for him i guess.

Do we have any independent confirmation that the supernode conference actually happened?

I went to the bitcoin summit and I do not regret going.

https://bitcointalk.org/index.php?topic=174620.msg2130190#msg2130190

And some guy here in the thread.

[Rampion]

Where the hell is rpietila? I demand some balance in this thread. Also he was way more entertaining than this.

Apparently, in a psychiatric hospital.


And @Coinseeker: I am pretty sure Cryptocurrencies will outlive America 

"I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of."


yeah, silver in free fall might not be good for him i guess.

Wow,  he actually wrote that. It's clear to me the guy suffers from a textbook "delusion of grandeur", and I'm sure half of this ramblings are just delusions and lies.

As Blitz said, "a crazy guy going nuts"

Honestly, I feel sorry for Rontus (his employee)

[fr33d0miz3r]

It makes them human with their own minds and the ability to think beyond cult talking points.  

"own minds" and "nonsense" are different things

[fitty]

Wow,  he actually wrote that. It's clear to me the guy suffers from a textbook "delusion of grandeur", and I'm sure half of this ramblings are just delusions and lies.

As Blitz said, "a crazy guy going nuts"

Honestly, I feel sorry for Rontus (his employee)

I doubt anyone went. I doubt Rontus exists. The supernode conference drama sounded like he took his rejected James Bond script (where he plays James Bond) and he modified it for the supernode conference. At the very least he's autistic. He's entertainment, like a tabloid. You don't really take it seriously.

[Coinseeker]

It makes them human with their own minds and the ability to think beyond cult talking points.  

"own minds" and "nonsense" are different things

Yes, one is an actual part of the human body and the other is a completely subjective statement.

[MickeyT2008]

Where the hell is rpietila? I demand some balance in this thread. Also he was way more entertaining than this.

That picture of him with the Rolls Royce that someone photoshopped and coloured pink now makes me think of him as Parker (or Lady Penelope?) from Thunderbirds

[BitPirate]

@coinseeker... you're trying too hard.

Come clean then, have you shorted BTC? Might be easier for you to just give up now and liquidate your position early. It'll be a lot less stressful for you in the long run.

[BitPirate]

Where the hell is rpietila? I demand some balance in this thread. Also he was way more entertaining than this.

That picture of him with the Rolls Royce that someone photoshopped and coloured pink now makes me think of him as Parker (or Lady Penelope?) from Thunderbirds

Imagine Parker and Penelope showing off about how expensive their hotel was... and then refusing to pay the bill at the end...  FAB...

Not quite the same.

[Pzi4nk]

Wow,  he actually wrote that. It's clear to me the guy suffers from a textbook "delusion of grandeur", and I'm sure half of this ramblings are just delusions and lies.

As Blitz said, "a crazy guy going nuts"

Honestly, I feel sorry for Rontus (his employee)

I doubt anyone went. I doubt Rontus exists. The supernode conference drama sounded like he took his rejected James Bond script (where he plays James Bond) and he modified it for the supernode conference. At the very least he's autistic. He's entertainment, like a tabloid. You don't really take it seriously.

I don't take him seriously but I do like reading his posts. It's like a man getting eaten by an alligator, you don't want to see it but it's hard to tear your eyes away.

[MickeyT2008]

Wow,  he actually wrote that. It's clear to me the guy suffers from a textbook "delusion of grandeur", and I'm sure half of this ramblings are just delusions and lies.

As Blitz said, "a crazy guy going nuts"

Honestly, I feel sorry for Rontus (his employee)

I doubt anyone went. I doubt Rontus exists. The supernode conference drama sounded like he took his rejected James Bond script (where he plays James Bond) and he modified it for the supernode conference. At the very least he's autistic. He's entertainment, like a tabloid. You don't really take it seriously.

I don't take him seriously but I do like reading his posts. It's like a man getting eaten by an alligator, you don't want to see it but it's hard to tear your eyes away.

+1  He's amusing, that's for sure.  He might be a fruitcake but good luck to him anyway

[fitty]

@coinseeker... you're trying too hard.

Come clean then, have you shorted BTC? Might be easier for you to just give up now and liquidate your position early. It'll be a lot less stressful for you in the long run.

He's been here 3 weeks. His wife only let him buy 1.5 BTC. He doesn't even know what shorting is.