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

[Rosewater Foundation]

https://techcrunch.com/2017/11/07/a-major-vulnerability-has-frozen-hundreds-of-millions-of-dollars-of-ethereum/?ncid=mobilenavtrend

One high-profile company impacted is Polkadot, a project to link private-public blockchains that raised over $140 million in a token sale and was started by Parity co-founder Gavin Wood. Polkadot confirmed its wallets have been frozen and TechCrunch understands that 60 percent of its ICO raise is potentially affected.

I guess in this instance the dog is getting to eat his own vomit ...

The new Constantinople upgrade should unfreeze these funds. Too bad, having that many tokens off the market could have been bullish for them; were it not for the meddling of their pesky benevolent dictator.

[1714865570]

1714865570

[1714865570]

1714865570

[nanobtc]

<snip>

Were you around when Linux was first taking off in the early 2000s? Literally, fly-by-night shoddy companies were popping up everywhere with their own proprietary Linux kernel versions and their own flavors of Linux. Everyone claiming to be the "one true Linux" and trying to take over the core Linux dev team. FUD about Linus Torvalds dev team was constantly flying, chaos was everywhere. HP, Microsoft and Apple were scared shitless, and eventually lost the server market (but sort of "won" the desktop).

All the late comers and crap devs/hacks eventually failed. Open Source Linux kernel eventually reigned supreme.

I don't see all this Bitcoin fork crap as any different. History repeats.

Yes, I was. I erased my last FAT32 partitions for Redhat in 1999. Remember the Santa Clara Operation (SCO Linux)? The lawsuit with Novell? It was pretty much the last gasps of the old school trying to compete with the new.

Sort of like now.

[jbreher]

Also, dont listen to Jbreher, he just a bigblocker who loves centralization while copy pasting all kind of stuff.

Well, that is just a funny assertion.

I'll admit to being a 'bigblocker', whatever that is (when S1X can consume 4MB for 1MB worth of transactions, is that a 'bigblocker'? somehow no).

But 'loves centralization'? Make the case - put up or shut up. For you are wrong.

'Copy pasting'? I challenge you to find a handful of sentences I have copy pasted. Really, fuckface* - find the evidence and post it.

* stated in the most loving manner. Well, the most deserving of someone who randomly asserts false crap about me. Fuckface.

[Rosewater Foundation]

<snip>

Were you around when Linux was first taking off in the early 2000s? Literally, fly-by-night shoddy companies were popping up everywhere with their own proprietary Linux kernel versions and their own flavors of Linux. Everyone claiming to be the "one true Linux" and trying to take over the core Linux dev team. FUD about Linus Torvalds dev team was constantly flying, chaos was everywhere. HP, Microsoft and Apple were scared shitless, and eventually lost the server market (but sort of "won" the desktop).

All the late comers and crap devs/hacks eventually failed. Open Source Linux kernel eventually reigned supreme.

I don't see all this Bitcoin fork crap as any different. History repeats.

Yes, I was. I erased my last FAT32 partitions for Redhat in 1999. Remember the Santa Clara Operation (SCO Linux)? The lawsuit with Novell? It was pretty much the last gasps of the old school trying to compete with the new.

Sort of like now.

Bizcoin supporter detected? This is exactly something Jeff Garzik would say. hmm

[lightfoot]

Back to 7350 or so. Yawn.

[madbyte]

I am thinking the price is going to skyrocket in the next few days:
- There is a lot of cash on the exchanges right now, everyone is waiting to buy the dip that will never happen due to the support from genuine new demand
- A lot of people want to get their coins off the exchanges before the fork & before the exchanges freeze transfers - so that they control the private keys to both sides of the fork - coins on exchanges are going to be in very short supply at the time of the fork
- If there is a significant loss of hash power blocks could take up to 50 mins - this would slow down the resupply of coins on the exchanges. The price will be jaw dropping once we are past the fork but there are no bitcoins to be found anywhere.

Sorry for all the people waiting for the dip to $2k - it ain't going to happen.

Not sure how people even think $2k is even possible anymore. By end of 2017 btc will have hit at least 10k once.

[gwoplock]

I thinking the price is going to skyrocket in the next few days:
- There is a lot of cash on the exchanges right now, everyone is waiting to buy the dip that will never happen due to the support from genuine new demand
- A lot of people want to get their coins off the exchanges before the fork & before the exchanges freeze transfers - so that they control the private keys to both sides of the fork - coins on exchanges are going to be in very short supply at the time of the fork
- If there is a significant loss of hash power blocks could take up to 50 mins - this would slow down the resupply of coins on the exchanges. The price will be jaw dropping once we are past the fork but there are no bitcoins to be found anywhere.

Sorry for all the people waiting for the dip to $2k - it ain't going to happen.

Now that it's a scenario I can see happening.

I never thought about that. I do think there will be a lot of selling before the fork, so exchanges could have coins due to that.

[Rosewater Foundation]

[Heater]

I am thinking the price is going to skyrocket in the next few days:
- There is a lot of cash on the exchanges right now, everyone is waiting to buy the dip that will never happen due to the support from genuine new demand
- A lot of people want to get their coins off the exchanges before the fork & before the exchanges freeze transfers - so that they control the private keys to both sides of the fork - coins on exchanges are going to be in very short supply at the time of the fork
- If there is a significant loss of hash power blocks could take up to 50 mins - this would slow down the resupply of coins on the exchanges. The price will be jaw dropping once we are past the fork but there are no bitcoins to be found anywhere.

Sorry for all the people waiting for the dip to $2k - it ain't going to happen.

Not sure how people even think $2k is even possible anymore. By end of 2017 btc will have hit at least 10k once.

The biggest wall on Bitstamp is at $2k  ~$8m

Edit:

[jbreher]

derp really is cyclical.
Some mustard-head just accidentally locked $180m in ETH in a buggy Parity multi-sig wallet.

https://www.reddit.com/r/btc/comments/7bdlv6/a_kid_just_accidentally_nuked_180m_poking_around/

That's funny. Not funny - haha. Funny - sick.

These ethtards just can't resist destroying the fundamental 'value' of their coin, can they?

Pikers.

[jbreher]

07/Nov/2017 @VitalikButerin on brink of second bailout for dumb contracts

Put it in the next coin's genesis block!

[gwoplock]

derp really is cyclical.
Some mustard-head just accidentally locked $180m in ETH in a buggy Parity multi-sig wallet.

https://www.reddit.com/r/btc/comments/7bdlv6/a_kid_just_accidentally_nuked_180m_poking_around/

That's funny. Not funny - haha. Funny - sick.

These ethtards just can't resist destroying the fundamental 'value' of their coin, can they?

Pikers.

who plays with $180m?!?!?! that absurd.

[jbreher]

-BCH launched and changed one thing: The difficulty adjustment. The one thing they changed, is broken and has to be forked again to fix it...
-Segwit 2x is absolutely reckless and irresponsible: No replay protection...
-Bitcoin Gold guys wanted to add but don't even know how to build a replay protection...

Who in their right mind would even care for this...?

We'll likely have it sorted in a couple of weeks. To that day, let us all raise a toast!

And that's why BTC will be king...

Indeed. Whether the form be Bitcoin Segwit Core, Bitcoin Segwit 2X, Bitcoin Cash....
I remain incrementally increasing my bets.

[gwoplock]

derp really is cyclical.
Some mustard-head just accidentally locked $180m in ETH in a buggy Parity multi-sig wallet.

https://www.reddit.com/r/btc/comments/7bdlv6/a_kid_just_accidentally_nuked_180m_poking_around/

That's funny. Not funny - haha. Funny - sick.

These ethtards just can't resist destroying the fundamental 'value' of their coin, can they?

Pikers.

who plays with $180m?!?!?! that absurd.

I miss understood... WTH I don't think I want eth. anymore.

[jbreher]

derp really is cyclical.
Some mustard-head just accidentally locked $180m in ETH in a buggy Parity multi-sig wallet.

https://www.reddit.com/r/btc/comments/7bdlv6/a_kid_just_accidentally_nuked_180m_poking_around/

That's funny. Not funny - haha. Funny - sick.

These ethtards just can't resist destroying the fundamental 'value' of their coin, can they?

Pikers.

who plays with $180m?!?!?! that absurd.

Yeah. Part of the 'funny' is that these 'investors' were putting their money into 'inviolable contracts, governed not by the whims of humanity, but by the consistency of mathematics'.

Is Vitalik on the line? In either money or significant reputation cost? There's your indicator for how likely a complete roll back is engaged.

[jbreher]

https://media.makeameme.org/created/im-an-egodriven.jpg

Quality meme, tough but fair. I approve of this

You might wanna look into what Jeff has done for the wider computing community -- gratis, and predating the existence of satoshi's whitepaper -- before you start slinging shit at his reputation or motivations.

F'ing lousy ingrates. Get some perspective.

[BlindMayorBitcorn]

https://media.makeameme.org/created/im-an-egodriven.jpg

Quality meme, tough but fair. I approve of this

You might wanna look into what Jeff has done for the wider computing community -- gratis, and predating the existence of satoshi's whitepaper -- before you start slinging shit at his reputation or motivations.

Rosewater may have been a bit out of line. But Jeff is attacking our values, man.

[BlindMayorBitcorn]

here. i decided to up our porn game.

^values

[arklan]

derp really is cyclical.
Some mustard-head just accidentally locked $180m in ETH in a buggy Parity multi-sig wallet.

https://www.reddit.com/r/btc/comments/7bdlv6/a_kid_just_accidentally_nuked_180m_poking_around/

That's funny. Not funny - haha. Funny - sick.

These ethtards just can't resist destroying the fundamental 'value' of their coin, can they?

Pikers.

who plays with $180m?!?!?! that absurd.

I miss understood... WTH I don't think I want eth. anymore.

according to an article on motherboard, it's 300 million, not 180.

https://motherboard.vice.com/en_us/article/ywbqmg/parity-multi-signature-wallet-vulnerability-300-million-hard-fork

[jbreher]

https://media.makeameme.org/created/im-an-egodriven.jpg

Quality meme, tough but fair. I approve of this

You might wanna look into what Jeff has done for the wider computing community -- gratis, and predating the existence of satoshi's whitepaper -- before you start slinging shit at his reputation or motivations.

Rosewater may have been a bit out of line. But Jeff is attacking our values, man.

Hey BMB, I've never had a beef with you. But exactly which of 'our values' do you believe 'Jeff is attacking'? I'd like you to be specific, as I used to have a rough idea about where your values may lie, and I think I may no longer. And the loss of understanding would be a shame.