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

[JayJuanGee]

this is going to be a long weekend.

if rpietila is calling final capitulation wait for 266 at least.

HELLO?

He is preparing for it... NOT calling it... ..


You bear trolls seem so inclined to take a mile when you get an inch.

OOFTA!!!!  

Yes, a little comedy, diversion...      I hope you are buying some bitcoins.. they are cheap this week, so far.   

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[JayJuanGee]

I bought $10K worth of another coin (not really an alt) that I am not going to reveal so no one will call me a pumper or have some agendas for "fulfilling my books"... when time comes I will talk about it

You will talk about it if you profit, but if you don't you will NOT (except to the extent that you will just make shit up)  ///  already got you pegged, too well. . 

[JayJuanGee]

I bought $10K worth of another coin (not really an alt) that I am not going to reveal so no one will call me a pumper or have some agendas for "fulfilling my books"... when time comes I will talk about it

+11111    he  hehe... had to LOL with that one..

[NotLambchop]

Gentlemen!  Your troubles are over!

[jeezy]

Cryptocoins are always "cheap" because Fiat is destined to fail in the long run. But it's hard to free yourself from coupling BTC<->Fiat I know 

[JayJuanGee]

I call it now. I can bet on it. This is the lowest you can ever buy for the next 100 years. Take it or leave it.

I have heard that before, several times... though I am glad that I bought 1 btc today at $380... I am running out of money.. fml...

[DutchTrades]

Kggg... Sir, we have movement, i repeat, we have movement kgggg.

[MinermanNC]

wow no new blocks for almost 1h.

I wonder how big the transaction volume will be in the next block.

miners already shutting down or variance?  

I shut down everything last night. BTC and Alts. Only running enough to keep a little hash on my little p2pool lol

[uhoh]

<===

[marcus_of_augustus]

... there was a network scale attack I pointed out to Gavin and the other devs after observing namecoin network getting "hung" for months by miners joining and leaving en-masse due to mining incentives and price fluctuations ...

if a well-resourced 'dishonest miner' attacker could build up a significant of quantity of mining power and ramp up hash-rate by bringing on-line an ever-increasing amount of compute, selling all btc the whole way and simultaneously drive price lower over the same period, squeezing out 'honest' miners ... then in a final act take all their mining power off-line during a final dump of price then it would leave the network hanging at very low block solving rate (long confirms) waiting forever for the next retargetting and a low price and take a toll on confidence ... the fix was to allow for a 'special' retargetting on the downside if it hasn't happened after a time-out, not just the set 2016 blocks.

[CryptoFuture]

Does everyone here only check blockchain.info for blocks?

Block discovery is fine... working as normal

[empowering]

Kggg... Sir, we have movement, i repeat, we have movement kgggg.

Foxtrot Uniform Charlie Kilo , Yankee Echo Sierra!

Hotel Oscar Papa Echo , India Tango, Kilo Echo Echo Papa Sierra, Golf Oscar India November Golf.

Over.

(green on green has a different meaning in this context)

[derpinheimer]

Ok ok, here is a good bull trap brewing. Target 430?

[Grafzep]

... there was a network scale attack I pointed out to Gavin and the other devs after observing namecoin network getting "hung" for months by miners joining and leaving en-masse due to mining incentives and price fluctuations ...

if a well-resourced 'dishonest miner' attacker could build up a significant of quantity of mining power and ramp up hash-rate by bringing on-line an ever-increasing amount of compute, selling all btc the whole way and simultaneously drive price lower over the same period, squeezing out 'honest' miners ... then in a final act take all their mining power off-line during a final dump of price then it would leave the network hanging at very low block solving rate (long confirms) waiting forever for the next retargetting and a low price and take a toll on confidence ... the fix was to allow for a 'special' retargetting on the downside if it hasn't happened after a time-out, not just the set 2016 blocks.

Was this fix put in place?

I've had similar concerns about a "remove hashing power" attack

[MinermanNC]

... there was a network scale attack I pointed out to Gavin and the other devs after observing namecoin network getting "hung" for months by miners joining and leaving en-masse due to mining incentives and price fluctuations ...

if a well-resourced 'dishonest miner' attacker could build up a significant of quantity of mining power and ramp up hash-rate by bringing on-line an ever-increasing amount of compute, selling all btc the whole way and simultaneously drive price lower over the same period, squeezing out 'honest' miners ... then in a final act take all their mining power off-line during a final dump of price then it would leave the network hanging at very low block solving rate (long confirms) waiting forever for the next retargetting and a low price and take a toll on confidence ... the fix was to allow for a 'special' retargetting on the downside if it hasn't happened after a time-out, not just the set 2016 blocks.

Wow that seems to be a very possible scenario, but would have to be a very large hash to make that happen. Hard to imagine but the results would be as you said, left hanging" interesting  

[Malin Keshar]

FUUUU almost a hour and a half and no confirmation.


Why the price crashed just when I needed to transfer some coins

[_javi_]

and now they decided to buy...

sheeps!! follow!!! (in 300s voice)

[derpinheimer]

... there was a network scale attack I pointed out to Gavin and the other devs after observing namecoin network getting "hung" for months by miners joining and leaving en-masse due to mining incentives and price fluctuations ...

if a well-resourced 'dishonest miner' attacker could build up a significant of quantity of mining power and ramp up hash-rate by bringing on-line an ever-increasing amount of compute, selling all btc the whole way and simultaneously drive price lower over the same period, squeezing out 'honest' miners ... then in a final act take all their mining power off-line during a final dump of price then it would leave the network hanging at very low block solving rate (long confirms) waiting forever for the next retargetting and a low price and take a toll on confidence ... the fix was to allow for a 'special' retargetting on the downside if it hasn't happened after a time-out, not just the set 2016 blocks.

Was this fix put in place?

I've had similar concerns about a "remove hashing power" attack

Would never happen to a big coin like btc: to much power needed. Like 99% attack...

[Cassandra_PR]

http://s12.postimg.org/55hmevrn1/poor.jpg

[jl2012]

FUUUU almost a hour and a half and no confirmation.


Why the price crashed just when I needed to transfer some coins

blockchain.info is broken. The height now is 321524