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

[bitserve]

Bitfury:
https://www.bloomberg.com/news/articles/2018-02-12/bitcoin-chip-battle-brewing-behind-hut-8-s-canadian-listing
A new stock listing in Canada will soon give investors their first chance to buy into the booming market for computer chips driving most of the world’s bitcoin mining farms.
 ... Bitmain co-founder Jihan Wu didn’t respond to requests seeking comment.

That sound like very good news but... I have never really understood what Bitfury really does.... Everyone and their mother have a Bitmain miner, but... anyone does have a Bitfury miner? What are the specs?

No for a long time now they've only sold to corporates, or rather in bulk. By the container load. Sometimes their other projects are a bit mysterious - maybe it's comms problems - like they made the cops some chain analysis stuff.
edit: looking around, there were a few smaller projects using their chips recently, but basically they haven't dealt with little sods like us for a while now. v. sensible

Ok, but.. are their chips for real? Where can i find an analisys/review of any of them? I find it very suspecting the lack of information about their operations. Don't get me wrong, I consider Bifury one of the good "actors" here. I just would like to know more about them.

[Last of the V8s]

https://markets.bisq.network/

bisq does fiat and is what they're calling a 'decentralized exchange'

[Wekkel]

I sold some Bitcoin for a couple of $100s of USDT, just to be sure that we reach $9k-10k soon 

[Last of the V8s]

Bitfury:
https://www.bloomberg.com/news/articles/2018-02-12/bitcoin-chip-battle-brewing-behind-hut-8-s-canadian-listing
A new stock listing in Canada will soon give investors their first chance to buy into the booming market for computer chips driving most of the world’s bitcoin mining farms.
 ... Bitmain co-founder Jihan Wu didn’t respond to requests seeking comment.

That sound like very good news but... I have never really understood what Bitfury really does.... Everyone and their mother have a Bitmain miner, but... anyone does have a Bitfury miner? What are the specs?

No for a long time now they've only sold to corporates, or rather in bulk. By the container load. Sometimes their other projects are a bit mysterious - maybe it's comms problems - like they made the cops some chain analysis stuff.
edit: looking around, there were a few smaller projects using their chips recently edit link added https://bitcointalk.org/index.php?topic=1651958.msg17187794#msg17187794, but basically they haven't dealt with little sods like us for a while now. v. sensible

Ok, but.. are their chips for real? Where can i find an analisys/review of any of them? I find it very suspecting the lack of information about their operations. Don't get me wrong, I consider Bifury one of the good "actors" here. I just would like to know more about them.

more mystery yes. they're real. (wasn't ghash.io originally powered by aging bitfury gear?)

We invite you to watch our video of the new 16nm chip! https://www.youtube.com/watch?v=3zPpj1JYw38

This is first out of 3 videos in series about our new 16nm Bitcoin Mining ASIC where we demonstrate the low power performance of the chip. Notice that there is no heat sink attached. In the next videos we will demonstrate high power performance and higher hash rate that can be achieved by using a heat sink.

We expect mining devices with the 16nm chip to start appearing on the market as soon as by the end of March 2016.

Please beware of scammers and check our website for listing of confirmed integrator and reseller partners. We will be listing them in the coming weeks.

You vill vatch our wideos. Specially for you.
https://bitcointalk.org/index.php?topic=1360038.0 funny thread
https://bitcointalk.org/index.php?topic=1072425.0 light bulb mining

[vroom]

I sold some Bitcoin for a couple of $100s of USDT, just to be sure that we reach $9k-10k soon 

thanks for your sacrifice

[Aqualung89]

I see it as optimistic that it's going back and forth and now it's so wavy. After that, what is going to happen is that a rise has to begin.

[cAPSLOCK]

Opening/closing a channel is done by a bitcoin transaction on bitcoin network. Haven't you heard of bitcoin tx fees?

Yes yes, I know... which is why I'm admitting my initial experiments with going hog-wild funding channels, willy-nilly, was an ill-conceived idea.

Going to need to re-think the game-theory of this.

I think eventually LN will develop a fee market just the same as on chain transactions have.  But the main difference is a single on chain transaction drives as many LN transactions as you have the channel open for.  So if you handle lots of transactions you can spread the cost, and also your profit over the entire batch.

Right now the LN is probably not exactly super active.  So you are incurring a fee to just play with it.

In a sense LN brings a sort of decentralized bank layer to the blockchain.  Complete with teeny little interest.

[d_eddie]

There are trading bots. They buy low and sell high. The whole day. Keep the spreads small, and it will be profit. Still doesn't beat a half decent hedge fund manager, you know, the real ones that make good decisions. (And yes, humans make bad decisions too.)

Most hedge funds get floored by the average equity market growth rates. And those that are the most competitive are highly data driven and rely on machine learning. The amount of data that goes into the trading decisions by a decent bot is something that no human could ever dream of processing himself. Especially not in realtime. If ML isn't the norm in hedge funds yet, it's only because of a lack of ML talent due to the relatively young age of the industry and not because humans can outperform the best algorithms.

^ This.

[Elwar]

https://markets.bisq.network/

bisq does fiat and is what they're calling a 'decentralized exchange'

Bisq does p2p matching much like localbitcoins. They use their app to match people and one or two guys act as arbitrators in case of dispute.

The idea is that there will be many arbitrators but when you look closer, it's basically the two guys that created the software. That's how they make money on it. Certainly a step in the right direction.

[d_eddie]

https://markets.bisq.network/

bisq does fiat and is what they're calling a 'decentralized exchange'

Bisq does p2p matching much like localbitcoins. They use their app to match people and one or two guys act as arbitrators in case of dispute.

The idea is that there will be many arbitrators but when you look closer, it's basically the two guys that created the software. That's how they make money on it. Certainly a step in the right direction.

Bisq jumped on the BCH bandwagon during the fork trouble. Let's not forget that.

[Last of the V8s]

https://markets.bisq.network/

bisq does fiat and is what they're calling a 'decentralized exchange'

Bisq does p2p matching much like localbitcoins. They use their app to match people and one or two guys act as arbitrators in case of dispute.

The idea is that there will be many arbitrators but when you look closer, it's basically the two guys that created the software. That's how they make money on it. Certainly a step in the right direction.

lol not a great model then

[mymenace]

I guess nobody cares about this: http://money.cnn.com/2018/02/11/investing/lagarde-bitcoin-regulation/index.html

Wow was 8000 the new bottom retest?

Where’s Smokey the Bear?

Maybe that IMF statement was too pathetic sounding?

Why would anybody give a rat's ass about regulation when decentralized exchanges are on the horizon? For the very first time in history regulators won't be able to dictate their rule upon citizens.

Yea that sounds very interesting i’ll have to read about what that means... how they work etc.

It means that they can't be taken down, because just like Bitcoin they would be a distributed peer to peer platform. The details are more complex, with atomic swaps and whatnot, but basically you'd be trading with people directly via smart contracts, which would actually be safer than traditional exchanges as well due to the abolishment of counterparty risk (as long as there's no Parity style fuck ups).

I looked into it a bit and it looks awesome. But I’m still not sure how you get fiat in and out of the exchange if it’s decentralized. Sure u can do p2p fiat transactions like on localbitcoin but beyond that I don’t see how u could cash out so easily unless u find one person who wants all your coin ur selling.  

I think it will be more like a decentralized Tether where you will do p2p like localbitcoins to get your crypto-fiat, but from there you can participate in crypto exchanges just as if you were on a regular exchange. Most people only put their money on the exchange or take it off once in a while. The p2p transactions would not be too frequent in that case.

from decetralized exchange to a
decentralized atm

that would be awesome or shops just accept btc

auscoin.io
Bringing AUSCOIN to the mainstream consumer market through the implementation of its world-first ATM network;

atm - btc to cash, cash to btc - wallet of your choosing i think

promising

[Torque]

Round 2...

[jojo69]

auscoin.io
Bringing AUSCOIN to the mainstream consumer market through the implementation of its world-first ATM network;

atm - btc to cash, cash to btc - wallet of your choosing i think

promising

oh man

the cops are going to just love the shit out of that


/s

[mymenace]

auscoin.io
Bringing AUSCOIN to the mainstream consumer market through the implementation of its world-first ATM network;

atm - btc to cash, cash to btc - wallet of your choosing i think

promising

oh man

the cops are going to just love the shit out of that


/s

Already 3 btc atms operating in Sydney Australia by a company called "Bitrocket"

https://coinatmradar.com/city/157/bitcoin-atm-sydney/

http://www.bitrocket.co/

Available in Sydney, Melbourne, Tasmania. Coming In 2018: Parramatta, Gold Coast, Brisbane, Hobart, Perth, Newcastle and Adelaide.

[Elwar]

Round 2...

Could happen.

[Neo_Coin]

[Dakustaking76]

Oh bitcoin Why cant we go through $9k struggling

[Elwar]

Oh bitcoin Why cant we go through $9k struggling

Instead of bitcoin users buying bitcoins they are creating 9k memes. While Wall Street is selling.

Put away the Windows Paint and buy fools!

[Dakustaking76]

Oh bitcoin Why cant we go through $9k struggling

Instead of bitcoin users buying bitcoins they are creating 9k memes. While Wall Street is selling.

Put away the Windows Paint and buy fools!

If i had the Damn money  i woud buy them all