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

[Holliday]

From now on, who actually quotes the idiot, get's ignored aswell. 

If you do this in the speculation forum, you won't have anything left to read.

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[7thKingdom]

We need a Schoolcoin for school ecosystems, where a students worth is no longer measured by grades, but through the number of coins they have.  Coins can be used to redeem grades as well as other items like extra pudding at lunch.

I can see it now... This will create a thriving school based economy where the smart students could trickle their coins down to the dumb kids for various goods and services.  Giving each member of the school society a valuable role.  The smart kids are encouraged to do good work and the dumb kids benefit by finding what they're valuable at as well.

Naturally, the bullies will eventually realize they can just beat up the smart kids and get them to give up their private keys, thereby giving the bullies access to all the smart kids coins.  That is, until the smart kids begin to pay off other big kids for protection from the bullies.  Meanwhile, there will be a couple super smart geeks who figure out how to game the system and steal the coins of everyone, but when people realize whats happened, those geeks will have to pay off the majority of bullies even more so that they become allies.  

The result will be a few super rich geeks with a thriving class of rich mob like thug bullies who ensure the super rich geeks stay protected and in the shadows (so long as the thugs get their cut).  Meanwhile, the other 99% of students will continue about their days working hard and earning Schoolcoins based on the quality of work they do, none the wiser that the majority of their coins are being funneled to the super smart geeks who know how to game the system.

Eventually though, cracks will start to appear as most students begin to realize that they're only making enough coins to afford C level grades and some measly square lunchroom pizza when they are really a B level student who should be getting quality chicken tenders at lunch.  Slowly, they'll begin to figure out that something is up.  Walking down the halls, they can't help but notice that there are a select few students who no longer eat lunch in the lunch room.  They have a private room to themselves where they get all kinds of different takeout each day.  They also no longer attend class, instead spending all their time working on various projects in secret.  Yet they keep receiving a large amount of Schoolcoins for the classes they no longer attend.

As the pieces begin to fall into place, it dawns on the regular students that they've been gamed by the system and at that point, a revolution is inevitable.  Unfortunately, all this will play out over many many years.  All the while, there will be generations of students who were unable to afford good colleges because they couldn't to save up enough Schoolcoin to pay the entry fee, since cardboard pizza and a few luxuries like 30 minutes of recess a day ate up their entire savings.

An uncharacteristic flair of irony and, dare I say it, humility for this thread.  Cheers, 7K!

Haha, thank you.  I'm here to entertain!

[bassclef]

From now on, who actually quotes the idiot, get's ignored aswell.  

If you do this in the speculation forum, you won't have anything left to read.

Ignore button is useful to judge bears' desperation. Edit: this usually happens when speculators are mostly short.

[spooderman]

8k btc just disappeared off gox asks.

[beaconpcguru]

8k btc just disappeared off gox asks.

You mean approximately the same number of coins that was added to it seven days ago is now not there again?

[HairyMaclairy]

Is it just me or is the forum being ddosed again.

[MANofthePEOPLE]

Is it just me or is the forum being ddosed again.

Yep, was expecting a huge dump

[fonzie]

8k btc just disappeared off gox asks.

It seems like SR2.0 /MTGox coins are finally arriving on Bitstamp. 100BTC asks get added one after another.

[phyros]

8k btc just disappeared off gox asks.

It seems like SR2.0 /MTGox coins are finally arriving on Bitstamp. 100BTC asks get added one after another.

are you serious?

[HairyMaclairy]

There's only 4000 SR 2 coins.  Even if it's true market an easily absorb it.

[fonzie]

8k btc just disappeared off gox asks.

It seems like SR2.0 /MTGox coins are finally arriving on Bitstamp. 100BTC asks get added one after another.

I´m not sure about Mt.Gox coins. But if you look at the orderbook, those 100BTCasks get refilled all the time.
Someone with huge pockets full of BTC is actin(sellin).
There is also the possibilty that someone is buyin his own asks,to unleash some bullish sentiment, cause it looks quite unnatural.
No trading at all , just those 100BTC buys in one bite.
As far as we know there are quite a lot of stolen coins out there, just think about those 100k sheepmarketplace coins.
It takes time to convert these into USD. With that amount of coins you can play the market in every direction.

[fonzie]

There's only 4000 SR 2 coins.  Even if it's true market an easily absorb it.

But there are confirmed 100k from sheepmarketplace.
http://www.coindesk.com/sheep-marketplace-track-stolen-bitcoins/

[HairyMaclairy]

Is it just me or is the forum being ddosed again.

Yep, was expecting a huge dump

Yes I generally take ddos as a buy signal (or get ready to buy).

[OldGeek]

Stamp and BTC-e flatlined.  Something in the wind?

[pjviitas]

8k btc just disappeared off gox asks.

It seems like SR2.0 /MTGox coins are finally arriving on Bitstamp. 100BTC asks get added one after another.

I´m not sure about Mt.Gox coins. But if you look at the orderbook, those 100BTCasks get refilled all the time.
Someone with huge pockets full of BTC is actin(sellin).
There is also the possibilty that someone is buyin his own asks,to unleash some bullish sentiment, cause it looks quite unnatural.
No trading at all , just those 100BTC buys in one bite.
As far as we know there are quite a lot of stolen coins out there, just think about those 100k sheepmarketplace coins.
It takes time to convert these into USD. With that amount of coins you can play the market in every direction.

Actually, I know how GOX can get out of this...make a crypto-currency called GOX coin

[fonzie]

Is it possible to launder stolen BTC through alt-coins, so that the owner couldn´t be traced anymore like it was done with sheepmarketplace coins in the blockchain?
That would explain those crazy alt-pumps on BTC-E in the last months?

[HairyMaclairy]

Stamp and BTC-e flatlined.  Something in the wind?

Balanced market.  Waiting for Gox Monday combined with reduced weekend volume.

[empowering]

meh I have a hangover from hell and I feel like I have been fingered by satan or maybe someone gave me a lobotomy... I am to old for this.

Anyways can anyone give me an update please? any newses in the past 24hrs of note? Mtgox etc

Thanks

edit (kill me now)

[derpinheimer]

Stamp and BTC-e flatlined.  Something in the wind?

We're just stuck, wait for it to snap. Like so:

[empowering]

Stamp and BTC-e flatlined.  Something in the wind?

We're just stuck, wait for it to snap. Like so:

That is how my face feels right now