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

[jbreher]

Adam Back reveals Blockstream's plans to make bank off of enabling sidechains.

Everybody is allowed to make and sell BTC sidechains including big blocktards that still hold BCH.

Yes, I agree that this is a decentralized, permissionless environment. Accordingly, anyone is able to implement what they damned well please.

What seems new here is an open admission by Blockstream CEO that their business plans are predicated directly on Blocking the Stream.

As if we hadn't already surmised...

[assbot]

Adam Back‏ @adam3us  12h12 hours ago
because the "anonymous" hashpower is @BITMAINtech that's why. @JihanWu is undermining the value of his large BCH hodlings by centralising it

for example if @BITMAINtech were asked to freeze it, mechanically they could because they're majority of the hash rate.

being in central control of a coin is risky for you, and makes the coin less valuable because people understand that risk of freeze.

for BCH that may be ok as a medium security slightly higher scale, on-chain only retail coin, and his choice. but for Bitcoin that is NOT ok

[becoin]

What seems new here is an open admission by Blockstream CEO that their business plans are predicated directly on Blocking the Stream.

Blocking the Stream... Well, did you derive this nonsense from Blockstream?

[BlindMayorBitcorn]

What seems new here is an open admission by Blockstream CEO that their business plans are predicated directly on Blocking the Stream.

Blocking the Stream... Well, did you derive this nonsense from Blockstream?

Trolling corporate interest in the space is a righteous time-honoured tradition. I trolled Blockstream for a good while, it didn’t get me anywhere—compared to the DCG they might as well be saints.

But I’m still watching…

Deep movie voice: In a world lorded over by corporate gargoyles, one man could sort of appreciate how having one of your own might be a necessary evol. 
 
@Torqe And I appreciate you, too

[Searing]

still waiting on butterfly lab$ to ship!

I hope their former management are doomed to live a life of mediocrity, until they die from wasting away due to some horrifying malignant disease.

Sorry. BFL Corp took the fall with SEC. I think one person had a 30k fine for mining issues
on site. From what I understand they otherwise kept all the ill gotten BTC.

They are reading this post and ROFLAO at our puny curses 3years later

[BlindMayorBitcorn]

still waiting on butterfly lab$ to ship!

I hope their former management are doomed to live a life of mediocrity, until they die from wasting away due to some horrifying malignant disease.

Sorry. BFL Corp took the fall with SEC. I think one person had a 30k fine for mining issues
on site. From what I understand they otherwise kept all the ill gotten BTC.

They are reading this post and ROFLAO at our puny curses 3years later

Every once in a while I think back to the shady exchange that absconded with my Litecoins. Still irks me. I can imagine how some of these scoundrels still get your goat. 3 years may be an eternity in crypto, but it all feels like yesterday to me.

[sohail85]

I see all these old prices and predictions and people claiming 50$ as floor some claiming 250$ as ATH lmao! What a beautiful time it was now the fucking price moves in thousands of range every month! Hope all those people held their coin!

[BlindMayorBitcorn]

I see all these old prices and predictions and people claiming 50$ as floor some claiming 250$ as ATH lmao! What a beautiful time it was now the fucking price moves in thousands of range every month! Hope all those people held their coin!

Here's my spot-on prediction from the heady days of 2015.

Bitcoin is too expensive to pump now. I honestly don't expect it back above 300USD. But revolution doesn't come cheap. I ain't mad at it

Not sure if I really believed that. But I was really prepared to accept it.

Edit: Here's what I know now I didn't know then. Bitcoin isn't a censorship resistant value transfer protocol. It's a piece of land on which censorship resistant value transfer occurs. It's real estate. And I'm a rent-seeking land owner. Just like R0ach said I was.


Happy Friday Bitcoinland!

[assbot]

I came to Casablanca for the waters.

















I was misinformed.

[windjc]

Naw, just pulling your chain a bit.

Hehe... yeah I'm a head case for sure. Too bad once the rubberband gets stretched far enough, it never goes back to the same shape it was before.

Btw, you have to be at the top of the list for one of the most likeable people here. You kinda fill that hole that Adam left behind. Cheers brother.  

Did Adam leave? If so, when where and why?

[vit05]

It will be really difficult pass 6k now. Probably $5400

[jojo69]

They are reading this post and ROFLAO at our puny curses 3years later

sleep tight Josh...I will never forget

[savetherainforest]

Naw, just pulling your chain a bit.

Hehe... yeah I'm a head case for sure. Too bad once the rubberband gets stretched far enough, it never goes back to the same shape it was before.

Btw, you have to be at the top of the list for one of the most likeable people here. You kinda fill that hole that Adam left behind. Cheers brother.  

Did Adam leave? If so, when where and why?

His account got hacked or something like that. And he didn't bothered to get his sh!t back. Something like that, that's the short version, ask him the longer version on the other place.

[RoomBot]

The fact people aren't migrating away from Coinbase en masse tells me something about people--they're mostly a bunch of apathetic wankers.

They can't leave now or they will forfeit their BCH which is airdropping on CoinBase sometime next year, lulzzzzzzzzz

CoinBase isn't even sharp enough to be embarrassed by their own nutty & ever-changing fork policies and their premature announcement of the BTG Launch.  If I was CEO I'd step down...  but then, this is Crypto.   

[Searing]

still waiting on butterfly lab$ to ship!

I hope their former management are doomed to live a life of mediocrity, until they die from wasting away due to some horrifying malignant disease.

Sorry. BFL Corp took the fall with SEC. I think one person had a 30k fine for mining issues
on site. From what I understand they otherwise kept all the ill gotten BTC.

They are reading this post and ROFLAO at our puny curses 3years later

Every once in a while I think back to the shady exchange that absconded with my Litecoins. Still irks me. I can imagine how some of these scoundrels still get your goat. 3 years may be an eternity in crypto, but it all feels like yesterday to me.

Off topic...but that is a lot of coin they walked away with in 2014....they got away with almost all of it...BFL labs that is..the owners and principles involved...

https://arstechnica.com/tech-policy/2016/02/bitcoin-startup-butterfly-labs-settles-with-ftc-for-38-6m-but-it-cant-pay/?comments=1&post=30676079

main player got a 15k fine...sheesh....again, I'm sure they are on this thread.....currently laughing their ass off ..especially if they  held the coin...worth mega millions now

I got banned from their chat room in August 2014 ...for bringing up all the things the SEC finally proved.....alas the SEC was only interested in settling with the BFL corp

and getting all that nice $$ from bankrupting it and fines to the US Gov't

anyway, crime pays  in crypto it seems

[Rosewater Foundation]

It's real estate. And I'm a rent-seeking land owner.  

Every grotesquely rich American represents property, privileges, and pleasures that have been denied the many. Perhaps it's time to start giving back. Look into a charitable cause. And be kind to people.

Just like R0ach said I was.

Like all real heroes, roach had a fatal flaw. He refused to believe that he had gonorrhea, whereas the truth was that he did.

[CristiTCM]

price so boring now, nothing happens...not up, no down...got my money ready for a dump but nowhere to come..

[Rosewater Foundation]

price so boring now, nothing happens...not up, no down...got my money ready for a dump but nowhere to come..

Post plum pudding plod at the foundation next year if you can hodl through it. Date yet to be determined.

[Karartma1]

On Electrum you go on Coins tab and you spend them from there, one by one. Didn't you know that?  

I was a Core man, but have been using Electrum recently and have been quite impressed. Watching-only wallets, like Armoury offers, was a deal sealer for me.

I'm planning to have a machine that is online 24/7 on a fast broadband connection so that I can set up a full bitcoin node that will help the network and that will be used with my Electrum wallet and all my other lightweight wallets.
Electrum is my choice since 2014, I would say that it has everything most bitcoiner need.

[Denker]

price so boring now, nothing happens...not up, no down...got my money ready for a dump but nowhere to come..

Man we got price action over so many weeks and months.
This is just another sideways movement because nobody knows where we will hit next. Up or down?
I think we are way too spoiled at the moment. You can not expect the price to jump up every 2-4 weeks without any timeouts.
Would like to see how you would react if we for instance would go down 3.5-4k and see no real movements, just plain sideways, for 8-12 months!!
Times like this will happen! Question is only what the level of price will be.