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

[hyphymikey]

I used apple pay today, if only bitcoin were so simple.

We are getting there slowly though

Sarcasm detector malfunctioning...But yeah what was simple about it?

I'm just hoping one day bitcoin apps are as easy as apple pay. I bought something from walgreens today by just putting my phone near the register, doesn't get any easier than that

So you want someone to be able to steal your Bitcoins by getting near your phone?  Cryptocurrency uses a push model for payments, not a pull model.  Pull models only work when transactions are reversible.  That said, there is no reason why credit cards can't exist denominated in Bitcoin instead of USD.  There is also no reason why Apple Pay couldn't support Bitcoin as a currency in addition to USD as well.  Bitcoin should be considered as cash, offering the same consumer protection as cash: none.

Consumer protections will come when we have Bitcoin-denominated credit/debit cards.  We don't need Visa/Mastercard for this.  We just need a Bitcoin card that uses smart contracts to hold a transaction in escrow until approved by both parties, disputed, or timed out (auto approve after 30 days).  On dispute, an escrow agent gets involved for a small fee and sends the money to the right place.  This should all be built into what I will dub a "Bitcoin Consumer Card" or "Bitcoin Consumer App", the latter which could support NFC like Apple Pay.

I am hoping one day Apple Pay does support Bitcoin. That's what I'm trying to say.

[ChartBuddy]

Explanation

[Raystonn]

Feel free to add support to my project request here for a Bitcoin Consumer Wallet with the previously discussed features.  This should help enhance mass adoption.  Complaints about the inability to reverse transactions would disappear completely if everyone were to use this.

[BBmmBB]

how many apple pays can you get for a bitcorn? 

[JimboToronto]

list of ignored trolls

LOL

I'm surprised you didn't include MatTheTwat. He's the only troll on my list.

At least you didn't include the most entertaining ones like Proudhon and Electric Mucus.

Many trolls can be amusing but some can just be annoying.

[spooderman]

Haven't seen proudhon for ages.

[JimboToronto]

Haven't seen proudhon for ages.

Probably too busy counting his bitcoins. 

[ChartBuddy]

Explanation

[touhonoob]

https://i.imgur.com/uw0l8Yt.png

[touhonoob]

Gavin Andresen, Chief Scientist at the Bitcoin Foundation, will be doing an AMA tomorrow at 11:00 EDT (15:00 UTC)
http://www.reddit.com/r/Bitcoin/comments/2ju4o7/gavin_andresen_chief_scientist_at_the_bitcoin/

[kingscrown]

bitpay should stop dropping coins on the markets heh

[ChartBuddy]

Explanation

[Walsoraj]

Can't decide whether to take a nap. How important are the next 24 hours? Serious responses only, please.

[ChartBuddy]

Explanation

[spooderman]

See you all in 2017 or so when things liven up again (probably 2015 tbh).

[touhonoob]

Manipulator on Bitstamp is trying to suppress the price   
https://i.imgur.com/J1uWHts.png
https://i.imgur.com/AdfIhUp.png

[solex]

See you all in 2017 or so when things liven up again (probably 2015 tbh).

Are you taking a break from the Wall Observer, lounge, rats nest?

[jaberwock]

Manipulator on Bitstamp is trying to suppress the price   

why some green dildos more or less the same size of the red ones are missing the highlight?

[ask]

3d MACD is still green. If it will close green today, some move (up) must happen in the near future.

[BitChick]

Can't decide whether to take a nap. How important are the next 24 hours? Serious responses only, please.

Seems like a long nap. (shrugs shoulders)

The 3day MACD indicator could be something to watch. 

Hopefully it is a sign of good things to come. . .