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

[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

[mmitech]

FUUUU almost a hour and a half and no confirmation.


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

are you kidding ? did you include a fee with your transaction ? because lats hour we had at least 6 blocks

[Malin Keshar]

FUUUU almost a hour and a half and no confirmation.


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

are you kidding ? did you include a fee with your transaction ? because lats hour we had at least 6 blocks

I got the transference.

Seems blockchain.info is in problems, like someone said before.


(and of course I included the fee)

[uhoh]

blockchain.info has been broken ever since their database problems earlier in the year. Its a mess.

[spooderman]

......we heading up now?