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

[empowering]

I ain't gettin on no plane, fool!  (I only travel by trains and rockets, and now and then a vandura with a mean paint job and rims and trims)

[empowering]

In 1972, a crack commando unit was sent to prison by a military court for a crime they didn't commit. These men promptly escaped from a maximum security stockade to the Los Angeles underground. Today, still wanted by the government they survive as soldiers of fortune. If you have a problem, if no one else can help, and if you can find them....maybe you can hire The A-Team.

(they would be in gitmo having their boards watered if it was 2014)

[ChartBuddy]

Explanation

[spooderman]

In 1972, a crack commando unit was sent to prison by a military court for a crime they didn't commit. These men promptly escaped from a maximum security stockade to the Los Angeles underground. Today, still wanted by the government they survive as soldiers of fortune. If you have a problem, if no one else can help, and if you can find them....maybe you can hire The A-Team.

(they would be in gitmo having their boards watered if it was 2014)

So you're saying, it's still a bear market?

[grappa_barricata]

So you're saying, it's still a bear market?

This market is a torture device!  

[empowering]

In 1972, a crack commando unit was sent to prison by a military court for a crime they didn't commit. These men promptly escaped from a maximum security stockade to the Los Angeles underground. Today, still wanted by the government they survive as soldiers of fortune. If you have a problem, if no one else can help, and if you can find them....maybe you can hire The A-Team.

(they would be in gitmo having their boards watered if it was 2014)

So you're saying, it's still a bear market?

I WILL NEVER ADMIT IT!!!

(glug glug glug)

HODL!!


(glug glug glug)


HOD..(glug glug glug)


Oh ok yeah maybe it is a bear market


BUT THE TIDE WILL TURN THIS IS NOT (glug glug glug)


(fml)

[empowering]

bids on order book at finex is rather high (for what it is worth)

but......it is Friday

[noobtrader]

bids on order book at finex is rather high (for what it is worth)

but......it is Friday

not to worry... bullish trend is coming. because new bitcoin feature will be implementend.

"...that it may become impossible to seize coins from websites in the future. Such a feature could certainly prevent economic catastrophes like Mt. Gox. It also means the current US Marshals bitcoin auction may be the last one of its kind in history...."

https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/

[mmitech]

not to worry... bullish trend is coming. because new bitcoin feature will be implementend.

"...that it may become impossible to seize coins from websites in the future. Such a feature could certainly prevent economic catastrophes like Mt. Gox. It also means the current US Marshals bitcoin auction may be the last one of its kind in history...."

https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/

did you say good news ? let the dumps start again   .... otherwise this is really huge (especialy escrow and refunds) if they can make it happen.

Edit: after thinking more about it, it seems that they are trying to edit and change the core protocol... at the end Bitcoin wont be any different from Paypal or any other existing electronic payment system, because later they will try to alter the blockchain when it gets really big that the end user cant maintain.

[empowering]

bids on order book at finex is rather high (for what it is worth)

but......it is Friday

not to worry... bullish trend is coming. because new bitcoin feature will be implementend.

"...that it may become impossible to seize coins from websites in the future. Such a feature could certainly prevent economic catastrophes like Mt. Gox. It also means the current US Marshals bitcoin auction may be the last one of its kind in history...."

https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/

[ChartBuddy]

Explanation

[mooncake]

670BTC dump on Stamp.

No kidding.

[marcus_of_augustus]

not to worry... bullish trend is coming. because new bitcoin feature will be implementend.

"...that it may become impossible to seize coins from websites in the future. Such a feature could certainly prevent economic catastrophes like Mt. Gox. It also means the current US Marshals bitcoin auction may be the last one of its kind in history...."

https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/

did you say good news ? let the dumps start again   .... otherwise this is really huge (especialy escrow and refunds) if they can make it happen.

Edit: after thinking more about it, it seems that they are trying to edit and change the core protocol... at the end Bitcoin wont be any different from Paypal or any other existing electronic payment system, because later they will try to alter the blockchain when it gets really big that the end user cant maintain.

... because you have any clue about the "core protocol"?

[btcney]

bids on order book at finex is rather high (for what it is worth)

but......it is Friday

not to worry... bullish trend is coming. because new bitcoin feature will be implementend.

"...that it may become impossible to seize coins from websites in the future. Such a feature could certainly prevent economic catastrophes like Mt. Gox. It also means the current US Marshals bitcoin auction may be the last one of its kind in history...."

https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/

This + Russia ban = Moon + Next Halving = BOOM

[findftp]

670BTC dump on Stamp.

No kidding.

Plus about 1k on okcoin. By now anyone trusting an exchange or online wallet to hold their coins should be asking themselves "are the coins being dumped mine?".

Well, I'm a permabull with permawallets so I don't care.

[empowering]

Dumper playing with himself again

Plus about 1k on okcoin. By now anyone trusting an exchange or online wallet to hold their coins should be asking themselves "are the coins being dumped mine?".

Wrote something similar few days ago. This dumping isn't "normal behavior" anymore, something can easly go wrong. Good example is Mtgox, but looks like many already forgot about it. Exchanges are far from trustful.
I took al the coins out of exchanges.... I only have fiat on bitfinex for my long positions.

http://youtu.be/XQGd0mA67uU

[mmitech]

... because you have any clue about the "core protocol"?

yes in fact I do...

[justusranvier]

"...that it may become impossible to seize coins from websites in the future. Such a feature could certainly prevent economic catastrophes like Mt. Gox. It also means the current US Marshals bitcoin auction may be the last one of its kind in history...."

https://www.cryptocoinsnews.com/checklocktimeverify-means-bitcoin-escrow-refunds-fork/

I understand how timelocked refunds can make privacy-destroying tracking wallets like GreenAddress unable to steal deposits, to better convince users to voluntarily submit to the Panopticon.

I don't see any way at all they can be useful for an exchange, nor have I ever heard a satisfactory explanation.

Example:

1. Alices wires $1000 to Mt Gox, and receives credit for this deposit in her account.
2. Bob deposits 1 BTC to a 2-of-2 multisig address negotiated with Mt Gox with a time-locked refund and receives credit for the deposit in his account.
3. Alice places a limit buy order for 1 BTC @ $1000
4. Bob places a market sell order for 1 BTC.
5. Bob's BTC balances is now 0 and his USD balance is $1000
6. Alice's BTC balance is now 1 and her USD balance is $0

What's the state of the time-locked refund transaction?

If it changed at some point in this procedure, where and how did it change?

Did any step 3-6 need to be delayed in order to wait for blockchain confirmations of a new transaction?

Do Alice and Bob have equal protection against BTC loss throughout the entire procedure?

[hd060053]

another round of dumping on stamp.

[justusranvier]

Not sure but I'd imagine the exchange does settlements each block, the orders and matching is internal and the final settlements happen every 10 min or so. That would probably need contracts for the fiat side and should be able to expand to contracts for both sides to allow trading of regular stocks in the same way, the trades are settled with verifiable contracts recorded in the blockchain.

EDIT: Multisig would allow users to withdraw coins only with the exchanges sig (and the exchange to move funds only with the users sig), if the exchange disappears then the timelock function would allow users to access their wallets without needing the exchanges sig after a time value, maybe 30 days for example.

This is too vague to answer the questions, but I'll go with it anyway.

How do you suppose this "every 10 minute settlement" would work?

To illustrate one potential problem, let's add another detail to the example:

3a: Alice immediately goes offline after placing the limit buy order (so she's not available to sign any transactions).