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

[Richy_T]

Keep it crypto, dude. Type out your predictions, hash the message and post the hash here.

How technically should I approach this (this hashing and stuff)? I am a newbie in crypto. Should I use some software to do it?

I don't even understand Bitcoin. I only trade it.

It's not even really crypto that's needed. Here's how it could be done in Linux

Code:

$ echo To Da Moon >prediction.txt
$ md5sum prediction.txt
16c02065ecdd742048d78181dbbeae8d  prediction.txt

Then just post the md5.

[Loozik]

Are you the prophet of the all knowing spaghetti monster?

I'm more about her <--- But the FSM gets respect.

''Her'' meaning the pregnant virgin?

I highly respect the FSM.

[maz]

When will someone make a service that will truly revolutionize the way we use bitcoin? An app/webservice that would oversimplify the use of bitcoin, making it accessible to the common folk who don't want to spend time getting to know bitcoin. Also something that would mitigate the exchange risk/confirmations duration problem.

This is why I'm not a believer in the recent "mass adoption" rants. Bitcoin is still a bitch to get involved in for the computer illiterate and average Joe.

[Richy_T]

When will someone make a service that will truly revolutionize the way we use bitcoin? An app/webservice that would oversimplify the use of bitcoin, making it accessible to the common folk who don't want to spend time getting to know bitcoin. Also something that would mitigate the exchange risk/confirmations duration problem.

I have had some plans to. I just haven't moved on them. I'm surprised somebody else hasn't already.

[Richy_T]

Are you the prophet of the all knowing spaghetti monster?

I'm more about her <--- But the FSM gets respect.

''Her'' meaning the pregnant virgin?

The what?

http://principiadiscordia.com/

[Loozik]

It's not even really crypto that's needed. Here's how it could be done in Linux

Code:

$ echo To Da Moon >prediction.txt
$ md5sum prediction.txt
16c02065ecdd742048d78181dbbeae8d  prediction.txt

Then just post the md5.

I saw linux installed on a computer once in my life. md5sum ??

Something simpler please  

[Zangelbert Bingledack]

Stamp is having API issues, and maybe trading issues. Losing its virginity in this choppy market action I guess.

[SheHadMANHands]

When will someone make a service that will truly revolutionize the way we use bitcoin? An app/webservice that would oversimplify the use of bitcoin, making it accessible to the common folk who don't want to spend time getting to know bitcoin. Also something that would mitigate the exchange risk/confirmations duration problem.

It's pretty depressing how slow innovation has been in this regard.  5 years later and user friendliness is still a lonnnnnng way off.  No one has built even, say, an iphone app that lets you send bitcoin to friends with the "scary stuff" running in the background (interfacing w/ public keys, etc.).  Normal people don't give a shit about interfacing with public/private keys.  They want to click on a picture of their friend and send them bitcoins.  This blows people minds in computer science that everyone isn't "technical minded".

In fact, the closest thing so far to being user friendly and "non scary" is probably Coinbase.  Anything else I'd be afraid of recommending to a non-nerd.  Seriously... would you send your grandma to blockchain.info??  lol

[justusranvier]

When will someone make a service that will truly revolutionize the way we use bitcoin?

Working on it now.

[hlynur]

SR merchants simply changed marketplaces and do the same as before

A, yeah? Then where did the 95% of my pre-SR bust sales volume go? Sheepmarket and BMR are pretty much dead at this point and don't even have a fraction of the volume SR used to have. Add a permanent DDoS of BMR to it's lack of volume and you'll start to get the picture: this industry needs at least a year to recover.

I might have misunderstood this. Did you you type that you were a Silk Road vendor?

Man, on his profile used to say "top SR vendor". It was never a secret.

thanks for the insight. my infos just come from consumers so I don't know nothing about merchant side.
i still think this will get stronger in coming months. perhaps depends on variety of products (just saw your cigs offers on bitmit).
SR shutdown was just recently, markets will decentralize until one site will get monopoly status again. it will take its time, but not a year imo (demand too high).

[impulse]

When will someone make a service that will truly revolutionize the way we use bitcoin?

Working on it now.

Awesome, when can we expect it to release?

[Zangelbert Bingledack]

When will someone make a service that will truly revolutionize the way we use bitcoin? An app/webservice that would oversimplify the use of bitcoin, making it accessible to the common folk who don't want to spend time getting to know bitcoin. Also something that would mitigate the exchange risk/confirmations duration problem.

This is why I'm not a believer in the recent "mass adoption" rants. Bitcoin is still a bitch to get involved in for the computer illiterate and average Joe.

Who's talking mass adoption right now? The recent volley of good news only means relatively greater adoption than before, therefore relatively higher prices.

[Loozik]

The what?

http://principiadiscordia.com/

I'm sorry I thought there is marry the so called holly virgin in your avatar. I have bad eyesight  

[maz]

When will someone make a service that will truly revolutionize the way we use bitcoin? An app/webservice that would oversimplify the use of bitcoin, making it accessible to the common folk who don't want to spend time getting to know bitcoin. Also something that would mitigate the exchange risk/confirmations duration problem.

This is why I'm not a believer in the recent "mass adoption" rants. Bitcoin is still a bitch to get involved in for the computer illiterate and average Joe.

Who's talking mass adoption right now? The recent volley of good news only means relatively greater adoption than before, therefore relatively higher prices.

All I've seen the past 2 weeks is references to mass adoption, primarily related to China...

[justusranvier]

Awesome, when can we expect it to release?

Q2 of next year, probably.

[NewLiberty]

It's not even really crypto that's needed. Here's how it could be done in Linux

Code:

$ echo To Da Moon >prediction.txt
$ md5sum prediction.txt
16c02065ecdd742048d78181dbbeae8d  prediction.txt

Then just post the md5.

I saw linux installed on a computer once in my life. md5sum ??

Something simpler please  

If you use Microsoft Windows.  They have a free tool for it here, along with some instructions.
http://support.microsoft.com/kb/841290

Download FCIV, then run
FCIV -md5 -sha1 (path/filename)

If you post the hash (the result of running the FCIV program on the text file in which you write your prediction) then you can prove that the prediction is unchanged later when you choose to reveal what it was because people can check the hash and see that it was the same then as now.

[impulse]

Awesome, when can we expect it to release?

Q2 of next year, probably.

Can't wait to see what you have come up with. I think that next year will be really exciting from a development/services point of view. This year brought a lot of strong developers into bitcoin.

[Zangelbert Bingledack]

When will someone make a service that will truly revolutionize the way we use bitcoin? An app/webservice that would oversimplify the use of bitcoin, making it accessible to the common folk who don't want to spend time getting to know bitcoin. Also something that would mitigate the exchange risk/confirmations duration problem.

It's pretty depressing how slow innovation has been in this regard.  5 years later and user friendliness is still a lonnnnnng way off.  No one has built even, say, an iphone app that lets you send bitcoin to friends with the "scary stuff" running in the background (interfacing w/ public keys, etc.).  Normal people don't give a shit about interfacing with public/private keys.  They want to click on a picture of their friend and send them bitcoins.  This blows people minds in computer science that everyone isn't "technical minded".

In fact, the closest thing so far to being user friendly and "non scary" is probably Coinbase.  Anything else I'd be afraid of recommending to a non-nerd.  Seriously... would you send your grandma to blockchain.info??  lol

Just wait for Trezor. Because if you make it look cute and easy through a fancy app, all that'll happen is thousands of lost bitcoins and PR debacle. Things will happen in their due course, each stage happening when it is ready to happen.

[sarc]

ooooh, very clever....!

[Zangelbert Bingledack]

Since the Bitstamp API is broken, here's the Bitstamp info as of 20 seconds ago.