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

[bones261]

Bitmain and Bitfury are most likely to deploy many of their new ASICs on their own farms, and I believe their cost to produce is way less than the price they give to the public. I suspect that most large mining farms in China will be able to recoup their equipment cost in a few months, if that long.

Hmmm. And here I thought that the WO consensus was that Bitmain was circling the drain, and were destined to kill BCH in the process. Guess that must have been a premature call.

Yes, it was looking rather bleak for Bitmain. However, it appears Bitmain has pulled through once again. Also, it appears that with this new development, they will be able to ensure they will have the hashrate to make sure the Bitcoin ABC hardfork goes through. Poor Craig Wright will probably be rebuffed again. 

[serveria.com]

Bitmain and Bitfury are most likely to deploy many of their new ASICs on their own farms, and I believe their cost to produce is way less than the price they give to the public. I suspect that most large mining farms in China will be able to recoup their equipment cost in a few months, if that long.

Hmmm. And here I thought that the WO consensus was that Bitmain was circling the drain, and were destined to kill BCH in the process. Guess that must have been a premature call.

This is their last chance to stay afloat. And I guess the miner is far from production there's a lab sample at best. It's just a show off for investors and public...

[bones261]

This is really concerning and I'm pretty sure that this was not the last bug to be found. Bitcoin is still under heavy development and some bugs are very hard to discover. New code can introduce new bugs.

Banks, media, governments, whales, ..., nobody can kill bitcoin. Only a critical bug can stop this project immediately.

But

Every day bitcoin survives without an exploited bug proofs the stability and secureness of this technology.

I am confident that even if a critical bug is discovered only by it actually being triggered on the mainnet,  the problem will be mitigated quickly. Honey badger will continue to survive. There are already quite a few instances of this happening in Bitcoin's history, and each time the development team pulled through.

https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposures

[realr0ach]

While I'm pouring all my savings into BTC, all my friends have been going on and on about weed stocks: Tilray

It's a classic, textbook pump and dump...kind of like bitcoin.  You guys are never going to grow up to be Nazi supersoldiers if I have to keep explaining things like this to you.  

[Wekkel]

10,000 LTC buy in Binance.  .

Just looked up some - as they would call it here - shitcoins and, remarkably, volume on quite a few of them is significantly increasing since mid August. Smart players loading up?

[Deeyoh]

10,000 LTC buy in Binance.  .

Just looked up some - as they would call it here - shitcoins and, remarkably, volume on quite a few of them is significantly increasing since mid August. Smart players loading up?

Thought it would get pulled but someone sold 2500 into it and it didn't budge.  Ok, real wall and someone wants 1/2 million dollars of LTC. Doh

[Hueristic]

I just meant capitulate on the poll. Or are you saying that hodlers don't even do that? If so than I guess I'm not part of the hodlgang any more

Oh, sorry. I think it's acceptable for hodlers to capitulate on the poll.

I think he's referring to the inevitability of the price going up when I sell and crashing right after I buy.

@Anon136, I don't think that works with the poll, I have to actually put my money on the line for that triggered event.

Here is an excerpt from a recent post by Greg Maxwell. It appears that this is indeed true.

..snip
Through all the history of Bitcoin, altcoin forks copying the code, other reimplementations and many other consensus bugs, some serious and some largely benign,  this is the first time someone working on another serious implementation that someone actually uses has actually found one.  I might be forgetting something, but I'm certainly not forgetting many. Kudos to awemany. In all other cases they either had the same bugs without knowing it, or accidentally fixed it creating fork risk creating vulnerability without knowing it. It also isn't like there being multiple implementations is new-- for the purpose of this point every one of the 1001 altcoins created by copying the Bitcoin code count as a separate implementation too, or at least the ones which are actively maintained do.
..snip

Thats kinda cool to see actually. how much is a bug bounty worth these days?

Beauty!

10,000 LTC buy in Binance.  .

Just looked up some - as they would call it here - shitcoins and, remarkably, volume on quite a few of them is significantly increasing since mid August. Smart players loading up?

Thought it would get pulled but someone sold 2500 into it and it didn't budge.  Ok, real wall and someone wants 1/2 million dollars of LTC. Doh

Unless they sold to themselves and want you to think that before their P&D.

[kirreev070]

[bones261]

Here is an excerpt from a recent post by Greg Maxwell. It appears that this is indeed true.

..snip
Through all the history of Bitcoin, altcoin forks copying the code, other reimplementations and many other consensus bugs, some serious and some largely benign,  this is the first time someone working on another serious implementation that someone actually uses has actually found one.  I might be forgetting something, but I'm certainly not forgetting many. Kudos to awemany. In all other cases they either had the same bugs without knowing it, or accidentally fixed it creating fork risk creating vulnerability without knowing it. It also isn't like there being multiple implementations is new-- for the purpose of this point every one of the 1001 altcoins created by copying the Bitcoin code count as a separate implementation too, or at least the ones which are actively maintained do.
..snip

Thats kinda cool to see actually. how much is a bug bounty worth these days?

In his Medium post, he states that he requested a bounty be paid in BCH to this address: bitcoincash:qr5yuq3q40u7mxwqz6xvamkfj8tg45wyus7fhqzug5. So far he has been given a little over 38 BCH, which is currently worth a little less than $18,500. Not sure if any of the tips sent to this address is a bug bounty from Blockstream, the Bitcoin Foundation, or Bitcoin Core team.

[El duderino_]

Just saw deadpool 2 ..... when there are mutant and normal people ,its a little bit the same as coiners and nocoiners
There are always Those That are jealous to the superior beeing

[HairyMaclairy]

I don't fit the target demographic

[bitserve]

Here is an excerpt from a recent post by Greg Maxwell. It appears that this is indeed true.

..snip
Through all the history of Bitcoin, altcoin forks copying the code, other reimplementations and many other consensus bugs, some serious and some largely benign,  this is the first time someone working on another serious implementation that someone actually uses has actually found one.  I might be forgetting something, but I'm certainly not forgetting many. Kudos to awemany. In all other cases they either had the same bugs without knowing it, or accidentally fixed it creating fork risk creating vulnerability without knowing it. It also isn't like there being multiple implementations is new-- for the purpose of this point every one of the 1001 altcoins created by copying the Bitcoin code count as a separate implementation too, or at least the ones which are actively maintained do.
..snip

Thats kinda cool to see actually. how much is a bug bounty worth these days?

In his Medium post, he states that he requested a bounty be paid in BCH to this address: bitcoincash:qr5yuq3q40u7mxwqz6xvamkfj8tg45wyus7fhqzug5. So far he has been given a little over 38 BCH, which is currently worth a little less than $18,500. Not sure if any of the tips sent to this address is a bug bounty from Blockstream, the Bitcoin Foundation, or Bitcoin Core team.

I hope he gets more than that. And so do other researchers that follow responsible disclosure in the future. Decentralisation in this case makes it very hard to have a proper bug bounty rewards program but maybe donations can properly make for it.

[HairyMaclairy]

Full credit to Awemany.  Just goes to show that not everyone involved in BCH is a criminal and fraudster. 

[becoin]

Full credit to Awemany.  Just goes to show that not everyone involved in BCH is a criminal and fraudster. 

Actually everyone involved in BCH is a criminal and fraudster. The bug was introduced in the code before Bitmain Cash fork took place. They revealed the bug because they couldn't exploit it in any other way.

[Hueristic]

Just saw deadpool 2 ..... when there are mutant and normal people ,its a little bit the same as coiners and nocoiners
There are always Those That are jealous to the superior beeing

Yah know Deadpool II could be a good meme with a shot of DP as BTC and a shot of him with baby legs as BCH.

[El duderino_]

Just saw deadpool 2 ..... when there are mutant and normal people ,its a little bit the same as coiners and nocoiners
There are always Those That are jealous to the superior beeing

Yah know Deadpool II could be a good meme with a shot of DP as BTC and a shot of him with baby legs as BCH.

yeah would be funny , if i wasn't deadtired i probably made one 

[crypmike]

Found this on Twitter
Not as simple as it looks alike
Your bets

[bitserve]

$2K

How is it not simple?

[Anon136]

Found this on Twitter
Not as simple as it looks alike
Your bets

You have 0 btc left so you don't have any money and if you had made money then you certainly would have at least some.

Do I get a cookie?

[sirazimuth]

Found this on Twitter
Not as simple as it looks alike
Your bets

You have 0 btc left so you don't have any money and if you had made money than then (ftfy) you certainly would at least have some.

Do I get a cookie?

no cookie for you... (I know, I'm such a prick ,aint I?  )