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

[FattyMcButterpants]

monkey gave up on getting btc any cheaper.
monkey is all-in.

ouch. i'm seeing a topping formation here. will take the next few hours (at least) to confirm one way or the other. i think if 2900 goes, it could get ugly in a hurry.

[1714818875]

1714818875

[1714818875]

1714818875

[grappa_barricata]

Hey Justus, I just read your 'bitcoin is sedition' article and I wish to thank you, the best read in a while! And your analysis is very interesting!

[justusranvier]

you clearly have not taken any cyber space physics classes

all kinds of possibilities open up

I was wrong anyway. The Earth has enough rotational energy to winch the Moon down to the surface. (21x10²⁸ vs 8x10²⁸ J)

On the bright side, we'd have more hours in the day.

Hey Justus, I just read your 'bitcoin is sedition' article and I wish to thank you, the best read in a while! And your analysis is very interesting!

Thanks. I'm glad you liked it.

[TheJuice]

you clearly have not taken any cyber space physics classes

all kinds of possibilities open up

I was wrong anyway. The Earth has enough rotational energy to winch the Moon down to the surface. (21x10²⁸ vs 8x10²⁸ J)

On the bright side, we'd have more hours in the day.

Hey Justus, I just read your 'bitcoin is sedition' article and I wish to thank you, the best read in a while! And your analysis is very interesting!

Thanks. I'm glad you liked it.

It's amazing it's so close.

I think today was the turning point. Expect a run up again.

[justusranvier]

It's amazing it's so close.

I suspect something about how the Moon was formed in the first place has something to do with it. The difference in energy is probably came from whatever hit the Earth hard enough to knock part of it up there in the first place.

[ChartBuddy]

Explanation

[adamstgBit]

http://bitcoinism.liberty.me/2014/06/11/bitcoin-is-sedition/

Even if they manage to completely co-opt Bitcoin development, the global insurrection against the status quo will not simply evaporate. It will simply move on to a different venue and all the resources they put into neutering Bitcoin will be wasted.

wait a min.
"Even if they manage to completely co-opt Bitcoin development"
isn't that what we want?
we want the world on board,
that in itself will satisfy the " global insurrection against the status quo "

what more do you want? control of the world? ya  cool join the club and buy some bitcoin.

bitcoin is the decentralization of world domination

[grappa_barricata]

http://bitcoinism.liberty.me/2014/06/11/bitcoin-is-sedition/

Even if they manage to completely co-opt Bitcoin development, the global insurrection against the status quo will not simply evaporate. It will simply move on to a different venue and all the resources they put into neutering Bitcoin will be wasted.

wait a min.
"Even if they manage to completely co-opt Bitcoin development"
isn't that what we want?
we want the world on board,
that in itself will satisfy the " global insurrection against the status quo "

what more do you want? control of the world? ya  cool join the club and buy some bitcoin.

Have a look here http://morgana.unimore.it/bertocchi_graziella/papers/cooptweb.pdf for what, in my opinion, he mean for co-option.

[adamstgBit]

http://bitcoinism.liberty.me/2014/06/11/bitcoin-is-sedition/

Even if they manage to completely co-opt Bitcoin development, the global insurrection against the status quo will not simply evaporate. It will simply move on to a different venue and all the resources they put into neutering Bitcoin will be wasted.

wait a min.
"Even if they manage to completely co-opt Bitcoin development"
isn't that what we want?
we want the world on board,
that in itself will satisfy the " global insurrection against the status quo "

what more do you want? control of the world? ya  cool join the club and buy some bitcoin.

Have a look here http://morgana.unimore.it/bertocchi_graziella/papers/cooptweb.pdf for what, in my opinion, he mean for co-option.

no i get it, they will try to, co-opt bitcoin and "rule it" how they see it.

i dont know who rules bitcoin right now, nor do i care.

point is we all want to.

thats what gives it value.

you can't just move to a new venue, thats admitting defeat and then going to play another game.

[grappa_barricata]

http://bitcoinism.liberty.me/2014/06/11/bitcoin-is-sedition/

Even if they manage to completely co-opt Bitcoin development, the global insurrection against the status quo will not simply evaporate. It will simply move on to a different venue and all the resources they put into neutering Bitcoin will be wasted.

wait a min.
"Even if they manage to completely co-opt Bitcoin development"
isn't that what we want?
we want the world on board,
that in itself will satisfy the " global insurrection against the status quo "

what more do you want? control of the world? ya  cool join the club and buy some bitcoin.

Have a look here http://morgana.unimore.it/bertocchi_graziella/papers/cooptweb.pdf for what, in my opinion, he mean for co-option.

no i get it, they will try to, co-opt bitcoin and "rule it" how they see it.

i dont know who rules bitcoin right now, nor do i care.

point is we all want to.

thats what gives it value.

you can't just move to a new venue, thats admitting defeat and then going to play another game.

Let's imagine the beginning of the press era. A few revolutionaries tried to print their ideas and spread them far and wide, to the uttermost disconcert of the ruling class that at that point controlled the mean of mass information (papers nailed outside the churches), almost without effort.

Now, we know how it all ended: the ruling class just saw the potential of the medium not to spread potentially destabilizing information, but to spread stabilizing ones. I bet that Gutenberg didn't see that coming.

[adamstgBit]

also the idea of "co-opting" bitcoin is silly we can all see the code.... and thats all that matters, who cares if USA or CHINA or a group of hackers, holds more, point is everyone can clearly see they played by the rules and won.

[adamstgBit]

492. CO-OPT ME YOU KNOW YOU WANA.

[Torque]

Yep, I could sense a big dump was coming.

[blaaaaacksuit]

... time to be all in now, nuff said.

edit: oh, and get your coins off the exchanges if you value them.

Do you know secret things?

[grappa_barricata]

also the idea of "co-opting" bitcoin is silly we can all see the code.... and thats all that matters, who cares if USA or CHINA or a group of hackers, holds more, point is everyone can clearly see they played by the rules and won.

You say it is impossible, but I was able to come up with a co-opt strategy in 10 minutes. Keep reading.

Let's say that a powerful actor want to disrupt bitcoin (or any blockchain / 'mining' based technology).
He can build mining facilities, careful to not disclose that they are associated and can act in accordance.
With time, he obtain the vast majority of the hashing power.
Then, it start to inhibit transactions at random.
At this point users realize that the system is unusable and try to switch to another similar system.
The actor repeat the process.
The only solution at this point is another technology shift in these matters, with the same benefits of bitcoin but without his (by now perceived) drawbacks.

[adamstgBit]

Yep, I could sense a big dump was coming.

will it bounce back like its done all day?

probably not, b4 now we had painted a series of higher lows, this trend is broken, epic knife coming everyone run to darkcoin!

[adamstgBit]

also the idea of "co-opting" bitcoin is silly we can all see the code.... and thats all that matters, who cares if USA or CHINA or a group of hackers, holds more, point is everyone can clearly see they played by the rules and won.

You say it is impossible, but I was able to come up with a co-opt strategy in 10 minutes. Keep reading.

Let's say that a powerful actor want to disrupt bitcoin (or any blockchain / 'mining' based technology).
He can build mining facilities, careful to not disclose that they are associated and can act in accordance.
With time, he obtain the vast majority of the hashing power.
Then, it start to inhibit transactions at random.
At this point users realize that the system is unusable and try to switch to another similar system.
The actor repeat the process.
The only solution at this point is another technology shift in these matters, with the same benefits of bitcoin but without his (by now perceived) drawbacks.

hashing power will ALWAYS service us the moment it doesn't we ignore it

[Torque]

Yep, I could sense a big dump was coming.

will it bounce back like its done all day?

probably not, b4 now we one whale had painted a series of higher lows [while selling coins to himself], this trend is broken, epic knife coming everyone run to darkcoin Ripple!

FTFY 

[adamstgBit]

Yep, I could sense a big dump was coming.

will it bounce back like its done all day?

probably not, b4 now we one whale had painted a series of higher lows [while selling coins to himself], this trend is broken, epic knife coming everyone run to darkcoin Ripple!

FTFY 

yes the same whale everywhere at the same time, and no one else contributed to this...

[adamstgBit]

good drop! most volume we've seen all day.