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

[Dotto]

Jorge, definitely added to my ignore list  

Your partners:

AnonyMint
MatTheCat
hamiltino
fonzie
JorgeStolfi
Sawadekub
Zapffe
Mervyn_Pumpkinhead
UglyTroll
RandomPedestrianN9
falllling

[1715290388]

1715290388

[1715290388]

1715290388

[wachtwoord]

Since it is FUD time, why not:

I wonder how many people here know how this pic is related to bitcoin:
Bogart Pediatric 2009 Wine Aficionado Dinner
Here is another one (the URL is a spoiler):
Bogart Pediatric 2010 Wine Aficionado Dinner

There are several things to worry about re this person, but one in particular that may be relevant is that, before getting interested in bitcoin, that man went into the business of acquiring and selling virtual currencies and goods in internet games, and took over the entire market.

Are you suggesting that he is going to buy all the bitcoin?

Every. Single. One.

[akujin]

Most of the hashrate at GHash.io is external. If they play evil, they will massively lose hash power.

Bitcoin is heavily resilient, there's no need to worry all that much.

Precisely.

No it is not precise.

Quite the opposite. Someone calculated all the Ghash that is floating on the exchanges(was traded). Plus the normal poeple that just point their miners on the pool. MORE than half of the hashrate was unaccounted for, so Ghash is just farming away 1/5~ of the total network.

The point is that a malicious pool won't retain its full hashrate for very long.  51% should not be seen as a cataclysmic Bitcoin-ending event as it has often been portrayed.  Rather it should be seen as a redline indicator to miners using that pool that they should switch unless they really want to jeopardise most of their crypto investment.

It is massively in a pool owner's interests to ensure they don't risk the network by retaining more than 50% for any significant length of time.

I'm confident that in the fullness of time the protocol will be adapted to mitigate this threat however in the meantime, P2Pool.

What if they get hacked?

[KFR]

What if they get hacked?

Same answer...

Can't tell if you're trolling. 

[akujin]

What if they get hacked?

Same answer...

Can't tell if you're trolling. 

I never used any smileys 

How long does it take to perform a 51%  attack and how long til it gets noticed? What if the hacker have spare miners to maintain their hashrate?

[ChartBuddy]

Explanation

[roslinpl]

I like to see how estimated transaction volume is goin up from a day but I don't understand the price falling ... I believe we are close to bounce from it

We already saw >$666 this week so we fight the devil back and waiting for out train to come at last ...

[KFR]

What if they get hacked?

Same answer...

Can't tell if you're trolling.  

I never used any smileys  

How long does it take to perform a 51%  attack and how long til it gets noticed? What if the hacker have spare miners to maintain their hashrate?

There is no such thing as a 51% attack per se.  If you're interested see the link I posted in this thread a couple of pages back.  TLDR: relax.

[Wary]

We are here: (56% of the last peak, 40 days till the next peak)

[wachtwoord]

We are here: (56% of the last peak, 40 days till the next peak)

What are the bars? It doesn't seem like 1d or 3d are correct are they?

[Wary]

We are here: (56% of the last peak, 40 days till the next peak)

What are the bars? It doesn't seem like 1d or 3d are correct are they?

3d.

[ErisDiscordia]

I am beginning to like you, ErisDiscoria, even in the midst of all of this supposed "major disagreement."   

I feel like difference in opinion, even in fundamental assumptions about life, shouldn't ruin peoples ability to enjoy a beer together and/or have a friendly discussion

[Adrian-x]

Since it is FUD time, why not:

I wonder how many people here know how this pic is related to bitcoin:
Bogart Pediatric 2009 Wine Aficionado Dinner
Here is another one (the URL is a spoiler):
Bogart Pediatric 2010 Wine Aficionado Dinner

There are several things to worry about re this person, but one in particular that may be relevant is that, before getting interested in bitcoin, that man went into the business of acquiring and selling virtual currencies and goods in internet games, and took over the entire market.

Are you suggesting that he is going to buy all the bitcoin?

Nice find, it just implies Brock Pierce is someone you don't want to hang with if you are into a Bitcoin business. If you get a little close you may jump out a tall building without leaving a note.

Wow we are getting class act undesirables involved in Bitcoin my bet is Brock is washed out before Bitcoin turns 11.

Virtual Currency Trading: The Past And The Future…: Autumn Radtke with the inside scoop.

[hyphymikey]

According to Bitcoinwisdom, the week ends in 26.5 hours. Should we expect a push up to try and close out the 1W MACD in green?

edit: utc timezone

[adamstgBit]

[zimmah]

According to Bitcoinwisdom, the week ends in 6.5 hours. Should we expect a push up to try and close out the 1W MACD in green?

To be honest I expected the MACD to be green a week ago, but it didn't happen.

I guess the 51% FUD keeps the price down but I'm nut sure if that's the only thing keeping it down.

I don't think a 51% attack will happen! but regardless there should be some more pools instead of a single large pool. But sadly no one goes and creates a competing pool. I would it I could but I can't. Maybe the other existing pools should just step up their game and get more popular by implementing the same features like ghash.

More P2Pool mining could also help.

I personally just want a mining pool that
1) has reasonably low variance
2) offers the possibility to split the mining income between multiple addresses automatically
3) shows the hashrate in apps/chrome plugins
4) has low fees, merged mining and includes miner fees

As far as I know the only pool offering that whole package is ghash.io

[Chalkbot]

Cheers! I used this as my opportunity to learn how to sweep a private key. Not as difficult as I thought it might be.

[adamstgBit]

Look out for free beers on the Wall Observer Thread

Cheers! I used this as my opportunity to learn how to sweep a private key. Not as difficult as I thought it might be.

I will be sending out free beers like this at random times (11am - 11pm EST)

read this thread with a device ready to scan and spend a private key fast and you'll undoubtedly get really dunk of all those bits!

PM me if you would like to contribute the free beer fund, all funds collected will be past out as free beers.


1. log in to your blockchain.info account  (there is a  page to import private keys )
2. in a new tab goto: http://zxing.org/w/decode.jspx
3. when a beer shows up, copy the image url and decode
4. copy the decoded private key and paste it in blockchain.info. Click "sweep key"
5. order a cold beer Wink

[bitcoinsrus]

is there an online app that can be used to scan (i have no smartphone)

[Chalkbot]

is there an online app that can be used to scan (i have no smartphone)

I used this site for the image above, and it worked fine:
http://zxing.org/w/decode.jspx