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

[BBmodBB]

This price is gonna last until the SR auction. Probably. So that whales can get cheaper coins.

2 weeks of sideways

that would suck

Maybe not sideways, maybe lower.

nonsense, we'll be back over 600 b4 i goto bed....

BTC will catch up to AU by august for sure...in the meantime buy/flip volitile altcoins like: SILK(ROAD)COIN LOL ===>

https://www.poloniex.com/exchange/btc_sc

https://www.mintpal.com/market/SC/BTC


jmho

;-)

chooo choooooooooooooo

[phosphorush]

51% attack only becuase it's more than half of the network, but from what i saw it seems it can be done with any %, it just increases teh probability of success...?

[Gingermod]

Worst a 51% attack could do is halt confirmations of all transactions until the hashrate drops. Not really a problem.

that's still a dos attack, and that's still a problem

until the hashrate drops or like within 10 minutes.

I'm not sure I understand, if the hashrate drops significantly, it could take longer than 2 weeks for it to adjust.

blocks would be very slow in the meantime,

it's still a denial of service attack.

is it not?

When the POOL'S hashrate drops.

ah, ok, so they drop below 50 and the attack is dead?

my point is that the possibility of the 51% attack is something that needs to be addressed. so we either test it and find out now, or we just sit around and talk about it until some time down the road someone pulls it off and kills the network?

"kill the network"

Didn't we just go over this

[shmadz]

"kill the network"

Didn't we just go over this

sorry, by "kill the network" I mean that enough distrust will build up and people will move their value into another medium of exchange.

[ChartBuddy]

Explanation

[justusranvier]

also withholding blocks, to manipulate the perceived hashrate and effectively attack other mining pools, is a problem

The block withholding attack might actually end up being what limits the size of pools in the end.

If it's no longer safe to accept random members of the public into a pool, then the pool membership needs to be limited to trusted hashers.

This means a larger number of pools for a given number of hashers.

[GreekGeek]

nice bump on wikipedia's "bitcoin" article traffic
http://stats.grok.se/en/latest90/bitcoin

[shmadz]

also withholding blocks, to manipulate the perceived hashrate and effectively attack other mining pools, is a problem

The block withholding attack might actually end up being what limits the size of pools in the end.

If it's no longer safe to accept random members of the public into a pool, then the pool membership needs to be limited to trusted hashers.

This means a larger number of pools for a given number of hashers.

I used to really like small pools, until the hashrate started going nuts.

when your profits are being cut by 30-40 percent every couple weeks (every 10 days sometimes) it's hard to stay at a small pool that is having a "dry spell"

having said that,
305673   5 minutes   150   638.12 BTC   BTC Guild   86.09
305672   8 minutes   193   204.05 BTC   Discus Fish   115.96
305671   10 minutes   351   477.82 BTC   BTC Guild   202.79
305670   22 minutes   394   973.33 BTC   GHash.IO   193.73
305669   32 minutes   447   1,595.25 BTC   GHash.IO   290.72
305668   42 minutes   111   798.10 BTC   GHash.IO   91.57

woohoo! btc guild! stuff it in their stupid ghash faces! 

[ChartBuddy]

Explanation

[shmadz]

Explanation

exactly right buddy!

oscillations



up or down, only 2 directions in my mind, moon or bust!

[ChartBuddy]

Explanation

[shmadz]

We choochoose to go to the moon.

https://www.youtube.com/watch?v=yY_LtUQlHKs

[adamstgBit]

its over folks
its been a real pleasure
i'm going down with the ship

[fonzie]

It was a pleasure to work for you, but this ship is goin down hard!



Edit: Goddamn i love those 4 figure BTC market sales  

[adamstgBit]

[ChartBuddy]

Explanation

[Bitcoin_is_here_to_stay]

Another round of dumps. this is getting old Any particular reason this time, all just 51% attack, selling Silk Road coins, and reiteration of China ban?

[fonzie]

[fonzie]

Another round of dumps. this is getting old Any particular reason this time, all just 51% attack, selling Silk Road coins, and reiteration of China ban?

It´ain´t over till it´s over which is BTC / USD = 0$

[Raystonn]

We haven't made any new lows here.  I'm not sure what you're complaining about.  My own analysis shows we could go down as low as 420 before the exponential rise.  Any lower and then I start to worry.