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

[Equus]

6 weeks ago?   Wow.  I am blonde I guess.   

I think it's spelled "blind."   

Actually, it has been fun to watch several of my favourite posters become heros this summer.  I think you all joined during the fun last spring and are finally coming of age.  The class of 2013. 

[JayJuanGee]

oh cares!

cut your looses!!!

Never!!! I will live proudly in that van down by the river Adam! You will live there with me you permabull!

You can learn to become an expert fisher. That way we wont starve and could make a living. You down?

down. i'll leave my wife & kids tomorrow.

Penguins already have a natural inclination towards fishing.

[spooderman]

6 weeks ago?   Wow.  I am blonde I guess.   

I think it's spelled "blind."   

Actually, it has been fun to watch several of my favourite posters become heros this summer.  I think you all joined during the fun last spring and are finally coming of age.  The class of 2013. 

We did, though I was lurking from mid-2012. I'd be about 800 by now if I'd bothered to make an account.

[edwardspitz]

dont think it would be this one..

Finexers and Huobians seem to think is time to recover a little bit. Stampers are a little more reluctant (can't say that I blame them). 

[adaseb]

I am surprised that there many a massive downwards spike already. We are at the low of the month and the selling isn't accelerating like last time.

I am keeping a small hedge position up just in case we end up breaking down but seems there are hidden buyers here.

[ChartBuddy]

Explanation

[BitChick]

6 weeks ago?   Wow.  I am blonde I guess.   

I think it's spelled "blind."   

Actually, it has been fun to watch several of my favourite posters become heros this summer.  I think you all joined during the fun last spring and are finally coming of age.  The class of 2013. 

So with regards to Bitcoin am I a blonde leading the blind?   That explains it all.   

[adamstgBit]

there we go...

looses are being cut.

[Brewins]

there we go...

looses are being cut.

falllllling, be a good boy and give back adamstgBit's account to his original owner.

btw: we are not going below 450 for now

[adamstgBit]

[mah87]

Adam you need to admit it.

From the Boston Fed paper: http://www.bostonfed.org/economic/current-policy-perspectives/2014/cpp1404.pdf

"The revolution in payments technology pioneered by Bitcoin helps to accelerate
the development of better technologies for making payments and transfers cheaper, faster, and more
secure. For instance, a new technology called Ripple, essentially a protocol that allows disparate systems
to communicate in order to transfer funds and make payments, has recently been developed. One notable
point, made clear by Ripple, is that the development of new technologies for making payments does not
need to be accompanied by a new financial claim.
"

[adamstgBit]

Adam you need to admit it.

From the Boston Fed paper: http://www.bostonfed.org/economic/current-policy-perspectives/2014/cpp1404.pdf

"The revolution in payments technology pioneered by Bitcoin helps to accelerate
the development of better technologies for making payments and transfers cheaper, faster, and more
secure. For instance, a new technology called Ripple, essentially a protocol that allows disparate systems
to communicate in order to transfer funds and make payments, has recently been developed. One notable
point, made clear by Ripple, is that the development of new technologies for making payments does not
need to be accompanied by a new financial claim.
"

No one has a Fing clue!
...I dont have a clue

make up your own damn mind.

[JayJuanGee]

When did I become a "hero member?"  I must not have been paying attention.  I must spend way too much time on here.

I wish the increase in price was tied to my post count.  

From what I can tell, "Hero" status  comes at activity level 490... and since you are Activity 532, Therefore, you would have turned "hero" 6 weeks ago...

YES you must have been a busy Bitchick..........  

And, I am NOT sure whether being a busy Bitchick is better than being a busy penguin.   

6 weeks ago?   Wow.  I am blonde I guess.   

Maybe you are NOT status obsessed?   

[justusranvier]

Adam you need to admit it.

From the Boston Fed paper: http://www.bostonfed.org/economic/current-policy-perspectives/2014/cpp1404.pdf

"The revolution in payments technology pioneered by Bitcoin helps to accelerate
the development of better technologies for making payments and transfers cheaper, faster, and more
secure. For instance, a new technology called Ripple, essentially a protocol that allows disparate systems
to communicate in order to transfer funds and make payments, has recently been developed. One notable
point, made clear by Ripple, is that the development of new technologies for making payments does not
need to be accompanied by a new financial claim.
"

No one has a Fing clue!
...I dont have a clue

make up your own damn mind.

Ripple is a closed, invite-only network.

Regular people can't just download software and start running a validating Ripple node - they have to be invited in by getting added to the trust list of an existing validator.

Of course the Federal Reserve and US banking system in general is going to attempt to push for Ripple instead of Bitcoin - they are going to do as much as possible to divert and extinguish any movement towards P2P financial tools they can not directly control.

[Brewins]

Adam you need to admit it.

From the Boston Fed paper: http://www.bostonfed.org/economic/current-policy-perspectives/2014/cpp1404.pdf

"The revolution in payments technology pioneered by Bitcoin helps to accelerate
the development of better technologies for making payments and transfers cheaper, faster, and more
secure. For instance, a new technology called Ripple, essentially a protocol that allows disparate systems
to communicate in order to transfer funds and make payments, has recently been developed. One notable
point, made clear by Ripple, is that the development of new technologies for making payments does not
need to be accompanied by a new financial claim.
"

There is the ripple proocol and the ripple coin.

The ripple protocol might have some success, but the coin won't.

[JayJuanGee]

6 weeks ago?   Wow.  I am blonde I guess.   

I think it's spelled "blind."   

Actually, it has been fun to watch several of my favourite posters become heros this summer.  I think you all joined during the fun last spring and are finally coming of age.  The class of 2013. 

We did, though I was lurking from mid-2012. I'd be about 800 by now if I'd bothered to make an account.

You must be a quasi-whale by now, to have experienced two 10x-ish bubbles?

[adamstgBit]

Adam you need to admit it.

From the Boston Fed paper: http://www.bostonfed.org/economic/current-policy-perspectives/2014/cpp1404.pdf

"The revolution in payments technology pioneered by Bitcoin helps to accelerate
the development of better technologies for making payments and transfers cheaper, faster, and more
secure. For instance, a new technology called Ripple, essentially a protocol that allows disparate systems
to communicate in order to transfer funds and make payments, has recently been developed. One notable
point, made clear by Ripple, is that the development of new technologies for making payments does not
need to be accompanied by a new financial claim.
"

No one has a Fing clue!
...I dont have a clue

make up your own damn mind.

Ripple is a closed, invite-only network.

Regular people can't just download software and start running a validating Ripple node - they have to be invited in by getting added to the trust list of an existing validator.

Of course the Federal Reserve and US banking system in general is going to attempt to push for Ripple instead of Bitcoin - they are going to do as much as possible to divert and extinguish any movement towards P2P financial tools they can not directly control.

all i know is i'm not going to go around telling poeple " have you heard of ripple "

when poeple ask about alts, I tell poeple what i think.

and i think these little coins are fun speculation, maybe one day one of them will start to displace bitcoin, but at that point you want to be holding bitcoins not Funny colored fiat ( USD included )

i would not have been able to take a heavy position in Ether had i not had alot of BTC at my disposal...

[ChartBuddy]

Explanation

[adamstgBit]

https://www.youtube.com/watch?v=77pnVFLkUjM

such a troll 

[DaSheep]

LOL!

The perfect team for a company trying to compete with bitcoin by pushing a "open" "distributed" "secure" payment system which is actually pretty much completly centralized in their own hands and basically works by playing hot potatoe with debt instead of money and requires each user to buy some of the 100 billion coins they (in an effort to save electricity and to "diversify the distribution methods") created out of thin air and then mostly (just 80 billion) gifted to themself.

But don't worry, forcing you to buy them is just an anti-spam mechanism! Also premining everything is more effective than normal mining () and since ripple is a company you can trust there's no need for satoshis holy grail, so ripples "method of confirmation, called consensus, doesn’t need mining" at all and as a result the network "requires comparatively negligible computing power" (nice!).

There's also no need to worry about the fact that they are in control of almost the whole (imaginary) monetary supply. They know that creating and "distributing value is a powerful way to incentivize certain behaviors" so they will use the your money to manipulate the market and to lure in more people, so they can sell them the rest (71,010,747,718) of the 80 billion useless coins for even higher prices.

We believe that broad adoption of Ripple as a protocol will result in organic demand for XRP () over the long run.

Our goal in distributing XRP is to incentivize actions that build trust, utility and liquidity in the network.
If we distribute XRP with these goals in mind, over time we expect to see an increase in demand for XRP that more than offsets the additional supply we inject into the market. Said another way, we will engage in distribution strategies that we expect will result in a stable or strengthening XRP exchange rate against other currencies.

https://www.ripplelabs.com/xrp-distribution/
http://web.archive.org/web/20140208000504/http://ripplescam.org/


I do what I must, because, I can.
For the good of all of us. Except the ones who were tricked.
And the science was fun, and I got a neat post done,
For the people who are, still alive.