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

[Last of the V8s]

https://medium.com/mit-media-lab-digital-currency-initiative/reducing-the-risk-of-catastrophic-cryptocurrency-bugs-dcdd493c7569 https://archive.is/zqc3h
'everyone' loves Neha because she did something clever last year (https://github.com/mit-dci/tangled-curl/blob/master/vuln-iota.md) ffs

projects

Awarding bug bounties worth a multiple of the black-market value of the exploits

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[Hueristic]

Alas, at last years BTC prices...I could afford them. (ie...keep them in the lifestyle such 'trophy girlfriends' require.)
 

er NOW...not so much...can't afford the lifestyle of a female sales clerk at J.C. Penny.....


the universe is 'cruel'


alas...

Don't forget you can always just get them from a different country.

Core dev Cory Fields saved Bcash from collapsing....

https://medium.com/@coryfields/http-coryfields-com-cash-48a99b85aad4

W0w i's crazy that those tards don't a secure means of submitting catastrophic bugs!!!!!!!!!

What fucking amateurs.

Great read , thanks.

er NOW...not so much...can't afford the lifestyle of a female sales clerk at J.C. Penny.....


the universe is 'cruel'

Remember my friend, you don't pay for them to come into your life.

You pay them to leave.

Very important to always remember this.

Toys have an upkeep cost if you don't want to share them.

[josephpogi]

[withlove99]

My feeling that every day I look at Bitcoin prices as shown in the picture below



What is your feeling?

[jonemil24]

~ this remind of Papa Laszlo the man who bought 2 pizza with 10,000 bitcoin back in the year 2010 and I knew he will surely regret doing that now.~

Really dude?

According to laszlo;

You know, I don't regret it. I think that it's great that I got to be part of the early history of Bitcoin in that way, and people know about the pizza and it's an interesting story because everybody can kind of relate to that and be [like] - "Oh my God, you spent all of that money!" I was also kind of giving people tech support on the forums and I ported Bitcoin to MacOS, and you know, some other things - fix bugs and whatnot, and I've always kind of just wanted people to use Bitcoin and buying the pizza was one way to do that. I didn't think it would get as popular as it has, but it's gotten to be a really catchy story for people.

Source

Bitcoin was cheap back then, and we can never tell the future. Both laszlo and jercos made a sacrifice, and it became a history.

Who knows, he might be hodling more than BTC10k.

[gentlemand]

Absolutely cause anybody that sell his or her holding in other not to loose because of the dump in price of the market such person person is already loosing. How ever, this remind of Papa Laszlo the man who bought 2 pizza with 10,000 bitcoin back in the year 2010 and I knew he will surely regret doing that now. Guys don't sell your bitcoin now if it not for an important or urgent situation so you won't regret it.

He was the first GPU miner. He'll have tens of thousands more coins.

[Last of the V8s]

thought it was ArtForz

[lightfoot]

Absolutely cause anybody that sell his or her holding in other not to loose because of the dump in price of the market such person person is already loosing. How ever, this remind of Papa Laszlo the man who bought 2 pizza with 10,000 bitcoin back in the year 2010 and I knew he will surely regret doing that now. Guys don't sell your bitcoin now if it not for an important or urgent situation so you won't regret it.

He was the first GPU miner. He'll have tens of thousands more coins.

Truth be told if he hadn't spent those bitcoins on a pizza, and if CNN hadn't picked it up as a "story" then Bitcoin would have gone the way of flooz and all the other weird payment methods. It was that event IMO that got bitcoin something more than "stupid idea" into "hey, someone will actually pay for this stuff".

Laszlo died for your sins....

[LFC_Bitcoin]

Imagine having 10,000 bitcoin’s these days, Jeez!

I’d possibly kill to even have 1,000 bitcoin’s.

[keyboard warrior]

Absolutely cause anybody that sell his or her holding in other not to loose because of the dump in price of the market such person person is already loosing. How ever, this remind of Papa Laszlo the man who bought 2 pizza with 10,000 bitcoin back in the year 2010 and I knew he will surely regret doing that now. Guys don't sell your bitcoin now if it not for an important or urgent situation so you won't regret it.

He was the first GPU miner. He'll have tens of thousands more coins.

No  he has no coins left. He sold his remaining coins for next to nothing and didn't buy back. He must hate every bitcoin pizza day.

Sadly the guy who was paid those bitcoins sold them for a few hundred dollars which he used to pay for a holiday.

https://cointelegraph.com/news/bitcoin-pizza-guy-laszlo-hanyecz-on-why-bitcoin-is-still-the-only-flavor-of-crypto-for-him

Jercos – the man who earned 10,000 BTC by selling two pizzas

Cointelegraph also had the chance to speak with Jeremy Sturdivant, also known as Jercos, who participated in the original Bitcoin pizza deal as the recipient of those 10,000 BTC that he turned into two pizzas. Sturdivant, who told CT that he turned Hanyecz’s BTC into fiat for a trip when they were worth a couple of hundred dollars,

[AlcoHoDL]

Absolutely cause anybody that sell his or her holding in other not to loose because of the dump in price of the market such person person is already loosing. How ever, this remind of Papa Laszlo the man who bought 2 pizza with 10,000 bitcoin back in the year 2010 and I knew he will surely regret doing that now. Guys don't sell your bitcoin now if it not for an important or urgent situation so you won't regret it.

He was the first GPU miner. He'll have tens of thousands more coins.

No  he has no coins left. He sold his remaining coins for next to nothing and didn't buy back. He must hate every bitcoin pizza day.

Sadly the buy who was paid those bitcoins sold them for a few hundred dollars which he used to pay for a holiday.

https://cointelegraph.com/news/bitcoin-pizza-guy-laszlo-hanyecz-on-why-bitcoin-is-still-the-only-flavor-of-crypto-for-him

Jercos – the man who earned 10,000 BTC by selling two pizzas

Cointelegraph also had the chance to speak with Jeremy Sturdivant, also known as Jercos, who participated in the original Bitcoin pizza deal as the recipient of those 10,000 BTC that he turned into two pizzas. Sturdivant, who told CT that he turned Hanyecz’s BTC into fiat for a trip when they were worth a couple of hundred dollars,

Lesson learned:

HoDL!

[gentlemand]

No  he has no coins left. He sold his remaining coins for next to nothing and didn't buy back. He must hate every bitcoin pizza day.

You think a publicly known early miner would admit to still retaining coins? I sure as shit would not.

[JayJuanGee]

https://status.pro.coinbase.com/

Update - The BTC-USD order book did not meet sufficient liquidity needed to enter limit-only mode. We have cleared the book and expect to re-open the book in post-only mode at 9:00am PT.
Aug 10, 00:31 PDT
Update - The BTC-USD order book is now in post-only mode. We will remain in post-only mode for a minimum of 10 minutes.
Aug 10, 00:01 PDT
Update - We have cleared all resting orders on the BTC-USD book. We will enter post-only mode at 12:00am PT.
Aug 9, 23:57 PDT

How are you meant to get out to usd in a dump?

you gotta be first, or at least in the front of the pack... 

[LFC_Bitcoin]

No  he has no coins left. He sold his remaining coins for next to nothing and didn't buy back. He must hate every bitcoin pizza day.

You think a publicly known early miner would admit to still retaining coins? I sure as shit would not.

Fair point.

He probably created a bogus business & just pays himself a salary (essentially living off the thousands of bitcoin’s he still holds)

[keyboard warrior]

No  he has no coins left. He sold his remaining coins for next to nothing and didn't buy back. He must hate every bitcoin pizza day.

You think a publicly known early miner would admit to still retaining coins? I sure as shit would not.

Perhaps, but if he was prepared to part with 10k for two pizzas then he was probably prepared to part with the rest of his coins for an extremely low price.

[JayJuanGee]

Imagine having 10,000 bitcoin’s these days, Jeez!

I’d possibly kill to even have 1,000 bitcoin’s.

[Torque]

Meh, I kinda cringe when I see that quote. Not because the guy would've been rich, but because :

1. Steve Jobs and others would have diluted the fuck out of that guy's shares, leaving him with a pittance left in stake. (Of course he could have sued all Eduardo Saverin style, but still)

2. He probably wouldn't have held all of his stake until now. Not even close. He likely would have dumped his remaining shares during the late 90's when Apple was about to go completely bankrupt from incompetence.

[Last of the V8s]

[STT]

Truth be told if he hadn't spent those bitcoins on a pizza, and if CNN hadn't picked it up as a "story" then Bitcoin would have gone the way of flooz and all the other weird payment methods. It was that event IMO that got bitcoin something more than "stupid idea" into "hey, someone will actually pay for this stuff".

Laszlo died for your sins....

Pretty much agree with that, its only the usage which will prove any value eventually and BTC is fast, global and cheap.  If its not capable of those things, another product will beat it fairly sure.  Not using it ever seems a fail and the super obvious thing is there is no reason after spending the BTC he cant get more. Using the BTC created demand

If he could use his GPU then great, why wouldn't he use it then or even if he had to rebuy the BTC it was still useful at that moment to be able to use them.  Really it was just a demo anyway.
The guy who sold his house for BTC was probably a bigger deal and that thread was updated by that house seller over years but the thread got locked because too many people were commentating on the thread which is unfortunate.

The secure token for 'internet money' idea goes back 25 years at least and its a reality now, I just think its a shame if its only held not used.  Before BTC alot of monetisation came in via advertising and before that I just remember alot of home built web pages made in notepad and not alot of organisation as it was not as business orientated or motivated.  Low monetary velocity, the tech boom was stocks large companies perhaps not especially at ground level and I count the ground up as the most genuine long lasting economic growth.
   If BTC moved like stocks inflating and deflating, its not as important as actual usage and some of tech boom stocks blew up and never came back which is how many view BTC just a name not a new use


   BTC is useful for pushing useful exchange to areas of the world and population that otherwise are chaotic and not effectively monetised, stuck in bargaining maybe.    There is a kind of elitism behind the Global reserve system of money, presently tied to Dollar it revolves around politics but I believe every human born has the capability to be a genius who changes the world but that wont happen if they are born into the wrong country or situation.    Enabling those people is growth productive and more then justifies BTC existence and ongoing operation, I hope it can be something for the smallest people and the most growth

That exponential picture of the Turkish Lira decline back there, as well a set of numbers it represents paupers being created, whole sections of society who will struggle just to exist and very unlikely to be a productive situation.  Ditto Venezuela and anywhere else, eventually I expect similar in the west even

BTC price is sideways out of a negative channel which could prove positive if it closed daily above 6400 or so

[Last of the V8s]

cataclysmic dump in 137 mins