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

[jojo69]

I book the profits in BTC, I just choose to do it with the BTC:ETH and BTC:LTC pairs rather than soiling myself with the lowest of shitcoins...USD.

LOL - calling USD coins made me a lot of questions:

1) Does anyone know where to buy the USD miners?
2) Will difficult rise?
3) What algorithm use the USD?

1) no need, just be a well connected corporate bank and the federal reserve will loan you an infinite supply at ZIRP
2) never seems to, in fact they seem to be ever easier to create
3) USD uses the ctrl+P protocol, the Fed chair simply selects a number and presses ctrl P on their keyboard

[Paashaas]

Lawsuit is being organized versus Bitcoin.com for misleading novice Bitcoin users

https://walletinvestor.com/magazine/lawsuit-is-being-organized-versus-bitcoin-com-for-misleading-novice-bitcoin-users/

[Biodom]

Your shitcoin ponzis are collapsing around you, your frauds are exposed, your bags worthless.
We the people hold over 75% of all the sound money there will ever be in this world.
Maybe a few of you have a few thousand btc? So does the guy in his boxers, and he knows how to secure it against you and your black vans.
The bitcoin protocol ticks over with or without you.
Whaddayagonnado?

Don't give them any ideas, please.
Remember what FDR did in 1933?
I fully expect an attempt to dissociate early adopters from their bitcoin in due course.
How? I have a few concerns/potential routes, not going to spell it out.
Will it succeed? Hopefully, not, but you can't seriously expect PTB to acquiesce with just 4-5 mil (at the most) ownership out of the final 21 mil.
I think that PTB did not start buying until the middle of last year, hence the math.

[Toxic2040]

Good morning Observer's.

Bitcoin continues to consolidate at $8.8k as indicators relax and the weekend(oh shit, the banks are closed now) approaches. The Twitterati hive mind indicates some of the MtGox coins are heading towards a BitMex address but I have not seen evidence as of yet. In my humble opinion, the sooner these coins are out in general circulation the better.


I expect the price to remain in a relatively narrow channel over the next 24 hours before more substantial price action this weekend. #dyor

[Ludwig Von]

Good morning Observer's.

Bitcoin continues to consolidate at $8.8k as indicators relax and the weekend(oh shit, the banks are closed now) approaches. The Twitterati hive mind indicates some of the MtGox coins are heading towards a BitMex address but I have not seen evidence as of yet. In my humble opinion, the sooner these coins are out in general circulation the better.


I expect the price to remain in a relatively narrow channel over the next 24 hours before more substantial price action this weekend. #dyor

So it would mean a push down for the (long) weekend ? Sounds plausible.

[JimboToronto]

Good morning Bitcoinland.

I see we're still grinding along sideways... currently $8796USD/$11325CAD (Bitcoinaverage).

It seems $9k is a tough nut to crack. Patience.

Lawsuit is being organized versus Bitcoin.com for misleading novice Bitcoin users

https://walletinvestor.com/magazine/lawsuit-is-being-organized-versus-bitcoin-com-for-misleading-novice-bitcoin-users/

Yes!!! It's about time. Hit the sleazy weasel where it hurts.

Bravo.

Actually, it's not enough. He should be facing criminal charges for fraud. A lengthy prison sentence would do him good.

[Last of the V8s]

Your shitcoin ponzis are collapsing around you, your frauds are exposed, your bags worthless.
We the people hold over 75% of all the sound money there will ever be in this world.
Maybe a few of you have a few thousand btc? So does the guy in his boxers, and he knows how to secure it against you and your black vans.
The bitcoin protocol ticks over with or without you.
Whaddayagonnado?

Don't give them any ideas, please.
Remember what FDR did in 1933?
I fully expect an attempt to dissociate early adopters from their bitcoin in due course.
How? I have a few concerns/potential routes, not going to spell it out.
Will it succeed? Hopefully, not, but you can't seriously expect PTB to acquiesce with just 4-5 mil (at the most) ownership out of the final 21 mil.
I think that PTB did not start buying until the middle of last year, hence the math.

They wouldn't know what to do if an idea was presented on a platter - see 'bitcoin'. They acted too late.
Their attempts to thwart it thus far have been pitiful - cf Mike Hearn all the way through to that idiot founder of paypal via Ver and Vitalik.
They are totally disorganised, but I certainly don't expect them to give in easily. There will be blood, or submission. Theirs.
If you have serious concerns about vulnerabilities, I hope you can discuss them with someone you trust. (granted you personally know all that)
https://github.com/JWWeatherman/bitcoin_security_threat_model is quite good, or there's theymos, Wladimir, Mircea Popescu ...
If you're talking opsec, 'laws' or propaganda, please share, so people can prepare.

[Biodom]

The bitcoin protocol ticks over with or without you.
Whaddayagonnado?

Don't give them any ideas, please.
Remember what FDR did in 1933?
I fully expect an attempt to dissociate early adopters from their bitcoin in due course.

If you're talking opsec, 'laws' or propaganda, please share, so we can prepare.

It's already started:
https://www.technologyreview.com/s/610809/lets-destroy-bitcoin/

some of the suggestions there are silly, especially the one where facebook makes a wallet and that wallet somehow will represent bitcoin takeover by facebok, lol, but more "suggestions" will be coming.

I expect that most will be associated with ownership disclosures, blacklisting/whitelisting, current absence of true fungibility, etc.

[JayJuanGee]

Lawsuit is being organized versus Bitcoin.com for misleading novice Bitcoin users

https://walletinvestor.com/magazine/lawsuit-is-being-organized-versus-bitcoin-com-for-misleading-novice-bitcoin-users/

Even though the idea seems appealing, I don't think that there are very many viable lawsuits that could be filed, unless you could get bcash classified as a security with the SEC, then perhaps some of those SEC related obligations could apply. 

Otherwise, what would be the grounds of such lawsuit against bitcoin.com.. portraying itself as coke when it is really pepsi?  I might get more excited once I see some legal document that is filed, and see what is being alleged.  or otherwise, if someone knows about a decently solid set of allegations that might have some teeth for either damages or injunctive relief, I would be interested to hear those... otherwise such lawsuit, if it were filed, would likely go no where, right?

[Last of the V8s]

It's already started:
https://www.technologyreview.com/s/610809/lets-destroy-bitcoin/

some of the suggestions there are silly, especially the one where facebook makes a wallet and that wallet somehow will represent bitcoin takeover by facebok, lol, but more "suggestions" will be coming.

Funny hitpiece that. Author published https://www.glamour.com/story/meet-the-women-of-cryptocurrency same day; half full of weirdos and scammers.

I expect that most will be associated with ownership disclosures, blacklisting/whitelisting, current absence of true fungibility, etc.

I am lucky enough to believe that there is no taint or title in bitcoin, which solves all that at a stroke, and makes it just another attack.
But you're right, and I fully expect all that stuff to occupy nearly everyone else here till kingdom come.

[Karartma1]

It's already started:
https://www.technologyreview.com/s/610809/lets-destroy-bitcoin/

some of the suggestions there are silly, especially the one where facebook makes a wallet and that wallet somehow will represent bitcoin takeover by facebok, lol, but more "suggestions" will be coming.

Funny hitpiece that. Author published https://www.glamour.com/story/meet-the-women-of-cryptocurrency same day; half full of weirdos and scammers.

I expect that most will be associated with ownership disclosures, blacklisting/whitelisting, current absence of true fungibility, etc.

I am lucky enough to believe that there is no taint or title in bitcoin, which solves all that at a stroke, and makes it just another attack.
But you're right, and I fully expect all that stuff to occupy nearly everyone else here till kingdom come.

Nobody said it was easy. Wars have been made for centuries for a very simple reason: control. This is not the middle-ages but believing that any state really wants to help their citizens is mostly naive and inaccurate. Democracies are no different from dictatorships in terms of control. What changes is how control is being established.
I prefer dangerous freedom over peaceful slavery

[Raja_MBZ]

Hey bitcoin-ers, congratulations on reaching 17 million mined bitcoins so far! ONLY 4 MILLIONS LEFT TO MINE!



Million coming soon?

[infofront]

Lawsuit is being organized versus Bitcoin.com for misleading novice Bitcoin users

https://walletinvestor.com/magazine/lawsuit-is-being-organized-versus-bitcoin-com-for-misleading-novice-bitcoin-users/

Even though the idea seems appealing, I don't think that there are very many viable lawsuits that could be filed, unless you could get bcash classified as a security with the SEC, then perhaps some of those SEC related obligations could apply.  

Otherwise, what would be the grounds of such lawsuit against bitcoin.com.. portraying itself as coke when it is really pepsi?  I might get more excited once I see some legal document that is filed, and see what is being alleged.  or otherwise, if someone knows about a decently solid set of allegations that might have some teeth for either damages or injunctive relief, I would be interested to hear those... otherwise such lawsuit, if it were filed, would likely go no where, right?

The lawsuit can only be successful if it's proven that someone lost money due to his deception.

How many people have actually been fooled? Out of those, how many of them lost money? If there were any people dumb enough to have been fooled into bcash, and lost money on it, they're probably not even going to hear about this lawsuit.

Even if the lawyers manage to sign up people who were stupid enough to buy bcash, and realize losses, it's not over yet. Roger's [highly paid] attorneys would stand a very good chance of being able to convince some ignorant judge that Bitcoin Judas is entitled to use the Bitcoin name for his fork.

TLDR: The lawsuit is going nowhere.

[Gab0]

Bitstamp to be sold to South Korean gaming co

http://cryptocoinjunky.com/bitstamp-will-be-sold-to-south-korean-gaming-company-for-350-million/

Apparently, the list of exchanges sold could increase: https://theicojournal.com/source-coinbase-is-in-initial-stages-of-sale-talks-with-several-big-banks/

[scum]

Bitstamp to be sold to South Korean gaming co

http://cryptocoinjunky.com/bitstamp-will-be-sold-to-south-korean-gaming-company-for-350-million/

Apparently, the list of exchanges sold could increase: https://theicojournal.com/source-coinbase-is-in-initial-stages-of-sale-talks-with-several-big-banks/

Bitstamp's not getting sold, but maybe some other exchanges will be. That video game company has denied it's buying Bitstamp.

https://cointelegraph.com/news/gaming-co-nexon-korea-refutes-rumors-it-will-buy-crypto-exchange-bitstamp

Video game company Nexon Korea has denied that they are in talks to acquire the Bitcoin (BTC) exchange Bitstamp, local news outlet The Korean Herald reported yesterday, April 25.

The company’s denial comes after Business Insider wrote yesterday about a possible deal rumoured between Nexon Korea and Bitstamp, where the latter would acquire the former for around $350 mln.

[AlexGR]

Fair distribution and manipulation proof are the most important elements needed.

Suppose a coin was created and it was fairly distributed (1 coin for each of the 7bn+ inhabitants of the planet) without any pow, pos, or whatever function. What's next?

If the coin has any market value, those in need of fiat, will sell their coins and get fiat for their pressing daily needs. On the other hand, those who have excess fiat will be able to buy coins from those who are willing to part with their coins for a few $$$.

Where do we end up with? An eventual distribution of coins based on the fiat wealth. Why? Because the poor sold their coins. Who can blame them? They had to cover daily needs. But then how can they argue on unfair distribution of crypto. That's not the issue. The issue is unfair distribution of fiat. Because their lack of fiat led them to sell their crypto. And the excess of fiat in other people, made them whale investors in crypto.

The problem is compounded by the fact that fiat can be produced on demand by governments and central banks. This can create holding imbalances / distribution imbalances in every market, from stocks to bonds to real estate, to crypto, to metals, etc etc. The poor will sell their car, home, gold coin or ring, if they need cash. The rich will buy them - due to their excess fiat that must not sit idle. It's how it goes really. But your problem really is with fiat distribution, not crypto (or other markets).

[infofront]

90-99% of all the Bitcoin is owned by 1% of all the users.

Are these numbers include the bitcoin which are unrecoverable?

Both posts deleted.

[Rosewater Foundation]

(TERA Draws His First Bull Chart)

[https://i.imgur.com/n1IuWrB.png[/img]

Seems that you can do whatever you like on the internet, including transforming ur selfie from a she to a he.

I know that this is popular in real life too, but it is still annoying.

Is this the last we've seen of fake Tera then? That's a shame.

[greensheep]

Meanwhile - not that hot of the press anymore- one can book a hotel room in Kalingrad Russia during the world cup soccer.

https://finance.yahoo.com/news/russia-bitcoin-hotels-accept-cryptocurrency-123005886.html?guccounter=1

[Globb0]

Meanwhile - not that hot of the press anymore- one can book a hotel room in Kalingrad Russia during the world cup soccer.

https://finance.yahoo.com/news/russia-bitcoin-hotels-accept-cryptocurrency-123005886.html?guccounter=1

In Russia the room books you