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

[kurious]

We just need to make a pact to not shut down the last miner.

So you have assumed the persona you're accused of.... Ha!  Respect. 

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[Dakustaking76]

Damn Guys whats happening again?
What a bad Year for bitcoin grr

http://news.cryptoofkorea.com/2018/05/11/upbit-suspected-of-fraud
Reload the exact same Korea FUD.

Too many longs still. Needs moar FUD.

Some bullshit news damnnn the price is only sinking
We were on the road to 10k darn it

[greensheep]

small rebound around 8700, was that it? or a bounce at 8200 ?

[JayJuanGee]

We just need to make a pact to not shut down the last miner.

You come up with all kinds of nonsense.   Bitcoin already has incentives for miners, and if the miners don't think that they are going to make any money, then they will not mine.  No pact is necessary because if no miner has an incentive, then the whole fucking thing might as well be dead.  We are a long way from any kind of death like that. 

Probably, even worse case scenarios of an attempt at a total government crack down that pushes bitcoin into the underground, bitcoin is likely to continue to have value, even in those kind of black market applications... which would likely cause bitcoin to lose some value, especially in the short-term, and may even drive prices into the three digits, and perhaps even as low as two digits....

We are a long way from that negative blackmarket kind of fantasy playing out, too... because it seems that some governments retain a lot of hesitancies in pushing bitcoin into the underground direction because that could cause bitcoin to blow up in various ways too, that causes the underground economy to grow too much, perhaps? 

Anyway, you are talking fantastical trolling nonsense with your assertions that a mining pact would be necessary, when bitcoin already has built-in decentralized free-market incentives.

[promomei]

MtGox is cashing out
relax guys

[realr0ach]

Also the one that isn't here quite yet but is likely to eclipse all of those things into relative insignificance, AI.

Real AI is not possible to create without replicating biological reproduction and evolution.  There are two issues here:  most organisms really are Freudian in nature and are not just spontaneously thinking for no reason, but more like problem solving things that are related to the prime directives they're built with - usually things like reproduction, shelter, food, etc.  For instance, there is enough quantum noise and entropy floating around where a human could record it 24/7 and study it eternally, but they would not because there is no payoff related to their Freudian urges.

A so-called AI, on the other hand, would not have such Freudian prime directives and would get stuck in a hard loop doing things like just staring at random entropy forever.  It has no such Freudian prime directives, so it's either going to have no motivation to perform any action at all, or it's going to get hard locked attempting to endlessly analyze every meaningless detail/noise/entropy that exists.

To create AI, you would be forced to give it some type of identical Freudian prime directives just like humans, such as reproducing itself or what have you.  The 'AI' would then not get continuously hard locked doing seemingly useless things because the artificial Freudian instincts are it's debugging mechanism.  You would likely still need to use magic numbers like:  halt analyzing data after whatever numbers of seconds or power expenditure elapsed with no useful returns to operation.

Trying to create AI this way still wouldn't be real AI, you've just created some type of designer, seek and destroy, self reproducing robot that probably consumes all resources in the universe while obliterating anything that gets in it's way - a physical, macro-scale virus in other words.  It's debugging routines, or artificial Freudian instincts - whatever you want to call them - also sit above anything it does in hierarchy, making it just a complex looping script or algorithm artificially designed by you.

A real AI would be required to be able to rewrite and create all of it's own debugging and prime directives that govern how it operates on the fly in order to not be  considered a script.  When you alter the base debugging code that governs how the entire system runs, some alterations would create hard locks because this process simply cannot be done without trial and error, or harnessing the power of entropy in an infinite monkeys with typewriters phenomenon until you get something that doesn't hard lock.

Since you're 100% guaranteed to have hard locks, it's impossible to proceed past this point without the action of the AI duplicating/copying itself each time it attempts to perform said action.  The old and new copy would then exist in the same physical plain of existence and be forced to compete with one another for resources, thus you have seemingly replicated biological evolution/natural selection, just in the form of silicon.  This form of silicon evolution could pass by much faster than biological evolution, or another possibility is that while the silicon entities can theoretically rewrite their own debugging code and succeed, the chance is so small that every real world attempt fails and only the original, human created one remains which is just a complex script in practice.

As for the whole argument about whether humans are Freudian or not and entirely based around simple prime directives as discussed above, some will argue that since we perform numerous actions seemingly unrelated to Freudian directives that means we aren't.  In reality, it's possible humans have just learned to harness so much energy and data/entropy streams from the environment, that we already are the advanced robots described here and can blow resources at random in any given direction to study and persue an infinite possibility of things while your brain has subconsciously planned that these seemingly wasteful activities unrelated to Freudian directives might occasionally have a payoff towards them. 

TLDR:  Creating real AI is likely impossible because it requires a script performing a trial and error process that theoretically could succeed, but might consume more energy than exists in the universe before doing so.

[LFC_Bitcoin]

MtGox is cashing out
relax guys

Hmmmm could be what it is, I did see a couple of posts about Gox moving coins getting ready to dump them.
I thought they were going to do it OTC in future though to stop the market getting negatively affected like last time.

Just when you think we’re safe from those bastards they come back to Gox us again in one way or another.

Cunts.

[FractalUniverse]

I dont think its  Kobayashi, major alts are dumping much harder than bitcoin.

[greensheep]

MtGox is cashing out
relax guys

Hmmmm could be what it is, I did see a couple of posts about Gox moving coins getting ready to dump them.
I thought they were going to do it OTC in future though to stop the market getting negatively affected like last time.

Just when you think we’re safe from those bastards they come back to Gox us again in one way or another.

Cunts.

Why do people not want their Gox coins back instead of fiat?
I know I would...

[realr0ach]

I dont think its  Kobayashi

There comes a point where people eventually figure out shitcoins are horrifically overpriced due to having zero fundamentals from transaction validators being designed to centralize, and silver and gold are the only assets on earth not already in a bubble.

#hitlerwasright#r0achwasright

[samson]

kobyashi's back in the game?? ... I thought he was on the sidelines until the civil rehabiliation question was decided by the judge?

He has already raised sufficient funds to bring Mt. Gox out of bankruptcy so he has no further authority to be trading in any remaining liquid assets until the civil rehabilitation question is settled.

smells like FUD to get some bankster cheap coins ... probably buffet trying to get bankster dick out of his mouth and mumbled something incoherent.

I'm surprised he continues to sell coins considering he apparently has enough JPY to cover all claims and lawsuits.

Todays dip has nothing to do with Kobyashi, I'm pretty certain of that. Only 8000 coins moved out of the MtGox addresses yesterday.

[promomei]

MtGox is cashing out
relax guys

Hmmmm could be what it is, I did see a couple of posts about Gox moving coins getting ready to dump them.
I thought they were going to do it OTC in future though to stop the market getting negatively affected like last time.

Just when you think we’re safe from those bastards they come back to Gox us again in one way or another.

Cunts.

but its is another thing what can drop BTC - his name is Alexander Vinnik (he got arrested in Greece ) last days someone tried to poisen his cloth with pro Poison , course he knows curruption scheme going thru crypto exchanges with some powerful people

Now his live protecting many officers and he is along behide the bars

[bluebits]

Altcoiners have gone full retard. I still dont underserstand why ETH is above $50. But it seems like theres this tide of $X00B dollars of speculative money that is going in and out of crypto to play the crashes and rebounds and this speculative money is going into all the major coins almost indiscriminately like a vegas casino floor so the smaller cap coins are more affected.

How is there $X00B? I would put total fiat that can 'flow' in and out at something around 10-20 billion.

3 billion tether
5 billion on USD exchanges
3-5 on JPY and KRW exchanges
3-5 Slushing around OTC desks

[bitserve]

Australia banning cash payments over 10k now.
First take their guns then make a move for the cash. http://www.news.com.au/finance/economy/federal-budget/cash-payments-over-10000-to-be-banned-as-government-targets-50-billion-black-economy/news-story/9df0646ba704bd170df5b3996d512f52

Sure, "Black Market", you mean money which you currently don't oversee and have control of?

Are the people just gonna roll over on this?  I suspect some will be looking at BTC as a possible alternative to fight the NWO.

Lol, glad I checked on the site, I was like "shit it's really happening". Lol

Fake fucking news site...

As soon as I read this I was WAT??, no fucking way!

In its response, the government said it agreed with or supported the majority of the recommendations, including potentially requiring wages to be paid into bank accounts, effectively outlawing cash-in-hand payments. Workers in the “gig economy” will also face greater scrutiny.

The cash payments limit is already happening in many countries since a few years ago. Here in Spain we currently have a 2500€ cash limit, and they even tried to lower it to 1000€ a few months ago. It didn't pass this time, but everything indicates it will in the future. It's happening in many countries of the Euro zone.

Governments have realized cash is way harder to control than bank payments.... what a surprise....

P.S.: And no, you can not split a payment into several chunks of 2500€ in cash. That's completely ilegal.

[realr0ach]

Altcoiners have gone full retard. I still dont underserstand why ETH is above $50. But it seems like theres this tide of $X00B dollars of speculative money that is going in and out of crypto to play the crashes and rebounds and this speculative money is going into all the major coins almost indiscriminately like a vegas casino floor so the smaller cap coins are more affected.

How is there $X00B? I would put total fiat that can 'flow' in and out at something around 10-20 billion.

When all this shit comes crashing down to zero, TERA is gonna be the one guy who was all-in on dogecoin trying to do a +1 satoshi per coin flip.

[buyandhold]

^^all 3 of you knob-heads just get a room ffs

[ivomm]

kobyashi's back in the game?? ... I thought he was on the sidelines until the civil rehabiliation question was decided by the judge?

He has already raised sufficient funds to bring Mt. Gox out of bankruptcy so he has no further authority to be trading in any remaining liquid assets until the civil rehabilitation question is settled.

smells like FUD to get some bankster cheap coins ... probably buffet trying to get bankster dick out of his mouth and mumbled something incoherent.

I'm surprised he continues to sell coins considering he apparently has enough JPY to cover all claims and lawsuits.

Todays dip has nothing to do with Kobyashi, I'm pretty certain of that. Only 8000 coins moved out of the MtGox addresses yesterday.

I also think that the trustee is not involved. In Bitfinex for the last 16 hours were traded 35K BTC, while for the previous 24 hours only 16K. Too much people still with thousands of BTC were hoping to sell above 10K, and when they saw it didn't happen for the last 24h, decided to pull the trigger. The volume is much less than the previous dumps, however, so I still expect the bull run from the last month to continue.

[Neo_Coin]

[YourMother]

Some of you just don't get it, it seems. The price started to fall right after Kobayashi started moving the funds, not one day before and not one day after (excepting the Gates/Warren interviews). Now, he might be selling most of the coins OTC, but that still doesn't matter to the beartards, because they are looking even for a mosquito to cling on and justify their short-game.

The price is not going down because of the fundamentals or because it is overpriced. It's going down because of idiotic short-term FUD. In fact, the reasons for shorting this revolutionary technology are becoming more and more ridiculous, up until a point where nobody will give a fuck anymore and just buy regardless. And that moment could come just as unexpected (some time after kobayashi is done selling) as the 2017 20x pump event.

[Globb0]