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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26486031 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
rocks
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December 10, 2013, 05:50:33 PM
 #58461

Like most here, I gently smile when I read one of those many mainstream articles claiming "Bitcoin could take off, but they really need to implement reversible transactions". It's a feature, bitch, not a bug.

But I *am* aware that reversible transactions are not per se bad. In fact, in many cases you might want something like that. Enter Paypal.

I have no idea if they're smart and nimble enough to see this huge opportunity, but if I were them, I'd at least have a small internal team dedicated to the possibility of setting something up like this, exploring the legal framework necessary to pull it off, etc.

Great insight, thezerg!

The simple quick answer is if reversible transactions are desired, yes they are possible by layering another service on top of bitcoin. Bitcoin is a protocol and you can build anything on top of it.

For example paypal itself could offer a bitcoin service with reversible transactions. Here payments are given to paypal in a users account, and the bitcoins have to stay in the account for a certain period of time. During that time paypal could reverse the transaction since they still have the coins, and after the time period allow the receiver to withdraw to an external account.  The service would cost x% of the transfer.

Now people/merchants can decide for themselves if they want to use the service or not. Merchants can say, you can pay me X BTC for direct payment or X+4% for through paypal service. Now people that trust each other don't have to pay the fee.

That's how a free market and individual choice works. That is what bitcoin is designed for.
Sitarow
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December 10, 2013, 05:55:16 PM
 #58462

Coma
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December 10, 2013, 05:58:11 PM
 #58463

CHOO²
ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


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December 10, 2013, 06:02:09 PM
 #58464

adsdas
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https://streamies.io/


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December 10, 2013, 06:02:37 PM
 #58465

Time to wake up guys, we're going back to the moon tonight!
Davyd05
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December 10, 2013, 06:03:14 PM
 #58466

Time to wake up guys, we're going back to the moon tonight!


but but but but.. 200... but lol
jones31
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December 10, 2013, 06:03:37 PM
 #58467


Is it diesel or lpg for you?


Bwaahaha..   Cheesy

Nah.. seriously.. i was glad to have work to do today, because it was pretty boring in truth.

It's not funny man!!! It's a critical choice for us in Greece! Our all-knowing government (and the EU along with it) are at the brink of completely banning commuting!!!  Roll Eyes Shocked

How, huh? What?

I like to think I'm usually informed about European politics (EU uber alles! jk.), but what is this about? How can anyone "ban" commuting? Or are they cutting commuting subsidies?

Care to explain? (I have friends in Greece I could ask, but I'm too lazy to write Cheesy)

It's 1.63 per liter of gasoline here, or $8.44 per gallon of it! Do you need more explanation?

It's 1.3 here and you can't even go and compare the income of the average Greek with that of a Romanian.
And still people are driving like nuts all day.
granathus
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December 10, 2013, 06:13:19 PM
 #58468

The eating of the 980 Gox wall has begun. Let's see how hungry they are..
seleme
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December 10, 2013, 06:17:23 PM
 #58469

3rd/4th attack on same resistance point. It's now or not for some time.
JorgeStolfi
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December 10, 2013, 06:18:21 PM
 #58470


On the buyers' side, a few small buyers who were biddiing beween 900 and 915 USD raised their bids by a few dollars.  Nothing else changed. 

In the sellers' side, around 17:10 someone offered ~250 BTC at exactly 950 USD, near the low end of the offers; but the offer was gone 10 minutes latter.  If he sold, it was not to any of the outstanding buyers.

Makes sense? 
Davyd05
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December 10, 2013, 06:25:53 PM
 #58471

wall munching going lol
 250+
I_bitcoin
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December 10, 2013, 06:26:23 PM
 #58472

wall munching going lol
 250+

by by buy baby 980 wall.
alexeft
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December 10, 2013, 06:27:11 PM
 #58473

nomnomnomnom!!!   Cheesy Grin
oda.krell
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December 10, 2013, 06:27:37 PM
 #58474


Is it diesel or lpg for you?


Bwaahaha..   Cheesy

Nah.. seriously.. i was glad to have work to do today, because it was pretty boring in truth.

It's not funny man!!! It's a critical choice for us in Greece! Our all-knowing government (and the EU along with it) are at the brink of completely banning commuting!!!  Roll Eyes Shocked

How, huh? What?

I like to think I'm usually informed about European politics (EU uber alles! jk.), but what is this about? How can anyone "ban" commuting? Or are they cutting commuting subsidies?

Care to explain? (I have friends in Greece I could ask, but I'm too lazy to write Cheesy)

It's 1.63 per liter of gasoline here, or $8.44 per gallon of it! Do you need more explanation?

It's 1.3 here and you can't even go and compare the income of the average Greek with that of a Romanian.
And still people are driving like nuts all day.


Yeah... I'd probably be wise to avoid this discussion, it's a hornet's nest.

But when I read alexeft's comment "Greek government/EU is banning commuting" I already had a hunch they're not doing anything like it. I'm going to guess they're cutting funding for commuting subsidies, which, I'm sure, will make life of the average Greek even harder than it already is, but it's hardly the same as "banning".

However, this way of phrasing things (subsidies being cut <--> "they're banning our freedom") is one of those things I see a bit too often coming from a subset of Greeks :/ Please note: a *subset*. I know plenty Greek people that take a different stance -- they're not exactly happy with their government or the EU, but they're by and large aware that the budget situation of Greece hardly allows for much spending right now.

Anyway.... flames incoming in 3 ... 2 ... 1 Cheesy
Davyd05
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December 10, 2013, 06:33:29 PM
 #58475

no flames I just wanna see wall munching
granathus
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December 10, 2013, 06:33:48 PM
 #58476

What the.... Whale fart and then nothing?
I_bitcoin
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December 10, 2013, 06:34:45 PM
 #58477

Did we remember to leave out macsga?
spooderman
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December 10, 2013, 06:35:13 PM
 #58478

So long bears
KFR
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Per ardua ad luna


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December 10, 2013, 06:36:03 PM
 #58479

That 990 wall is looking very nervous.
seleme
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December 10, 2013, 06:36:38 PM
 #58480

Interesting  Grin
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