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

[Meuh6879]

It's all about perspective I guess.
I know I'm retiring "soon", just "not yet".
KnowwhatImean ?

Yes ... but working is slavery (except when you grow foods for you and others peoples).

[jojo69]

If it gets to a point I don't have to work I will spend lots more time with my family like we should all being doing instead of leaving early to go to be a slave and then come back to eat and then go to bed.

Most of the people posting here don't know how it feels to be rich. Sooner than later they'll be tempted to sell their bitcoins to buy their little dreams. Big money will come and buy out all their bitcoins. At the end, rich will be rich again and slaves will be slaves again.

little dreams are all I need my friend, only got about 40 years to live in them

[infofront]

I love all the talk of early retirement.
I'm in my 30s, and I feel too young to retire. Besides, if I wasn't working, I'd just be playing World of Warcraft or something. Maybe 50 would be a good retirement age to shoot for.

[realsteelboy]

Okay, I admit it. This is fucking awesome.

And also this.

Purchased. Thanks 

[gembitz]

BTCBTC huge whalezzz involved >.> millins hedge funds weeeee

[gwoplock]

Lets eat that wall

[Icygreen]

I recently heard (cant remember where) that bitcoin is the largest computational achievement in history. Couldn't seem to validate this with a search. Anyone else hear this or have links to articles?

[Dabs]

@Bob ... more than a thousand coins?

Yes.

Yeah! Awesome for you!

That's about how much money Bill Gates said he though most people would need to be comfortable without running a charitable foundation like he does. Or if you have more than 10k BTC, you could be like him and say "I have no use for money. This is God's work." And then go out find a cure for cancer or polio or fly a shuttle into space, literally go to the moon.

[Dabs]

I recently heard (cant remember where) that bitcoin is the largest computational achievement in history. Couldn't seem to validate this with a search. Anyone else hear this or have links to articles?

It's been that way for awhile. I'll look it up, something about distributed computing. I remember when I used to look for digits of pi for free, or folding proteins, or looking for aliens. Just like in bitcoin, it was fun overclocking my 300 mhz Celeron to 350 mhz, then interesting when GPU computing came into the picture, boring when people started farming GPU clusters, and I don't know if ASICs or that other thing FPGA ever got into the picture.

I saw DES get cracked by some 300,000 chips in a few hours, with the help of distributed computers.

The bitcoin network in 2011 was already more powerful than several supercomputers worldwide. Today, its a lot more powerful.

I can't seem to find it right now, I'll go look some more later, or maybe someone else can find it.

[jojo69]

@Bob ... more than a thousand coins?

Yes.

ffs Bob

buy your own ranch, populate it with every 20 something gay cowhand west of the Mississippi and enjoy life in the big house

[El duderino_]

With This kind of rising i cannot find a suitable game ..... btc is Going to fast

[jojo69]

I recently heard (cant remember where) that bitcoin is the largest computational achievement in history. Couldn't seem to validate this with a search. Anyone else hear this or have links to articles?

far and away, by orders of magnitude

Network hashrate is currently around 10 ExaH/s (10,000,000 TH/s) which roughly converts to 127 ZettaFLOPS, though there is no direct conversion between FLOPS (floating point operations per second) and hashes because hashes involve integer operations (whole number math) and FLOPS involving obviously floating point math. Any claim of Bticoin is x flops is simply an approximation of the potential floating point power.

At any rate, far and away the largest computational effort humanity has yet achieved. I do not think "astronomical" is hyperbole in this case.
 

the Bitcoin network dwarfs all extant supercomputers put together



yes, the supercomputers are still measured in PetaFLOP/s (10E15) while bitcoin is running over 100ZettaFLOP/s (10E21) estimated equivalent, believe it or don't, it is true

[conspirosphere.tk]

Now that they rekt the shorts by conjuring tens of millions of tethers out of thin air they might as well screw the longs as a next step.

[ivomm]

576BTC wall at bitfinex eaten like snacks  6600 incoming!

[gwoplock]

576BTC wall at bitfinex eaten like snacks  6600 incoming!

I almost missed it. Choo Choo

[btcbeliever]

And then go out find a cure for cancer or polio or fly a shuttle into space, literally go to the moon.

Dabs: cancer has already been cured: http://www.beating-cancer-gently.com/cancer-treatment-options

And polio as an interesting history as well:
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1383764/
http://www.nbcnews.com/id/21149823/ns/health-infectious_diseases/t/polio-outbreak-sparked-vaccine-experts-say/#.WfnzeVtSyUk

we would go a long way towards a polio cure if we had a healthier skepticism towards vaccines.

[AlexGR]

576BTC wall at bitfinex eaten like snacks  6600 incoming!

You mean 6666

[soullyG]

[Last of the V8s]

now you boys are just showing off

[Icygreen]

Thanks for that Jojo.
I mentioned this to a few folks the other day and realized I never fact checked. 

Wonder how p2p torrent hash power stacks up against Bitcoin.
Been around longer although not a single focus application unlike BTC