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

[ChartBuddy]

Explanation

[JorgeStolfi]

The luls continue
Bitcoin Trader Customers Face Losses After Management Disappears

Fixed link (coindesk not bitcointalk)

[NotLambchop]

.@JorgeStolfi: Thanks.

[redsn0w]

I think the price of bitcoin at the end of this week will raise to  $430 .

[Pala_00]

I think the price of bitcoin at the end of this week will raise to  $430 .

Eat dat wall in one gulp!

[noobtrader]

The luls continue
Bitcoin Trader Customers Face Losses After Management Disappears

Fixed link (coindesk not bitcointalk)

oh missing link 

[ChartBuddy]

Explanation

[dprophet]

Prediction: W3C web payments group meeting in Santa Clara 27-31 October will take up integration of bitcoin payments into W3C global standards.

Not correct but not a lie. Many know me and I have been involved in the Bitcoin space for a few years. I am definitely aware of the advantages & disadvantages of this wonderful technology stack.

IMO, its yet to be determined if Bitcoin technology is the future or the future of the future.  Right now Bitcoin needs more standards not code before it can be integrated as a global standard.

I expect the web payments committee to seek to be neutral to competing transmission vectors.

Correct. We must be neutral but also open minded.

However, among transparent blockchain vectors, bitcoin is the obvious beneficiary.  Any expansion in crypto use-cases is likely to increase bitcoin's leadership over other transparent-chain systems.

This is about payments not bitcoin but there is a synergy of efforts. Bitcoin may be an beneficiary but cryptocurrencies need to "grow up" and have standards. W3C Web Payments is committed to help provide the standards so potential future payment technologies can mature.

The beneficiaries we are the targeting are the unbanked, unbankable, and those not having access to financial infrastructure. We cant achieve this goal without integrating into the core of the browser technologies layered with security to create frictionless & borderless payments. We will help connect up another billion+ people to the global economy.

Any source ?

A member of the committee

You dont need a source as the W3C activities are public.

You can read our initial charter here.
http://www.w3.org/2014/04/payments/webpayments_charter.html

Few more links for you
http://www.w3.org/Payments/IG/
http://www.w3.org/2014/10/payments.html.en
http://www.w3.org/2013/10/payments/

We want to help build standards and simple easy to use API's around abstracting the need for people to worry about past and future payment infrastructure/technologies. Developers writing and deploying their own payment infrastructure is very costly for business to adopt. We will reduce the cost of entry so companies can focus on business use cases not not technology.

Capitalistic - 10 seconds to send an email, 172,800 seconds to send money. The Internet as financial infrastructure will lead to a more agile global economy. The infrastructure will be embedded in the browser and deployed on billions of computers and mobile devices world wide to help connect another billion+ people an "Internet of Money". Capital markets rarely benefit the poor but W3C aims to help change that.

We believe these efforts are achievable because W3C has been around for a long time and is one of (if not thee) the largest consortium of technology giants/companies in the world.

We encourage you to engage, collaborate, discuss and get involved in the W3C because the Web Payment has many challenges to overcome.

Erik Anderson
Bloomberg & Co-Chair W3C Web Payments IG/SG

[Pala_00]

[justusranvier]

This is about payments not bitcoin but there is a synergy of efforts. Bitcoin may be an beneficiary but cryptocurrencies need to "grow up" and have standards. W3C Web Payments is committed to help provide the standards so potential future payment technologies can mature.

The beneficiaries we are the targeting are the unbanked, unbankable, and those not having access to financial infrastructure. We cant achieve this goal without integrating into the core of the browser technologies layered with security to create frictionless & borderless payments. We will help connect up another billion+ people to the global economy.

No offense, but I've been watching the W3C since the days of HTML 3 and your track record of creating successful web standards has been... mixed.

It's not obviously apparent that a W3C Web Payments standard would be useful or relevant.

[BBmmBB]

...
is there some significance to this masked green dude?

It is I, your cold-blooded overlord.  This isn't even my final form.

http://s14.postimg.org/v2ip6rksx/Kermit_stool.gif

http://files.sharenator.com/kermit_weed_gif-s320x240-93065-580a.gif
 BTCBTCBTCBTCBTCWEEEEEEEEEEEEEEEEEEEE!!!!!! $BTC

[yraskk]

price seems very stable. in the next month there will be an opening of an etf and we will see a new bubble  . however, don't sell now.

[aminorex]

Right now Bitcoin needs more standards not code before it can be integrated as a global standard.

A formal protocol standard is not always better than an implicit standard.  Formal protocol standards are first and foremost an interoperability aid.  The interoperability challenges of bitcoin are distinct from systems which are not blockchain systems, and it is not at all clear or given that a formal spec in the style of an IETF RFC would provide superior interoperability, without creating much more serious risks.

An RFC for the RPC interface would be sensible and has little potential to do harm.  That would probably be a relatively non-controversial interoperability aid, and quite sufficient and appropriate to the w3c's interests.

[Walter Rothbard]

This is about payments not bitcoin but there is a synergy of efforts. Bitcoin may be an beneficiary but cryptocurrencies need to "grow up" and have standards. W3C Web Payments is committed to help provide the standards so potential future payment technologies can mature.

The beneficiaries we are the targeting are the unbanked, unbankable, and those not having access to financial infrastructure. We cant achieve this goal without integrating into the core of the browser technologies layered with security to create frictionless & borderless payments. We will help connect up another billion+ people to the global economy.

No offense, but I've been watching the W3C since the days of HTML 3 and your track record of creating successful web standards has been... mixed.

It's not obviously apparent that a W3C Web Payments standard would be useful or relevant.

Plus, I don't much like being told to "grow up."  It's possible to tell me respectfully what you think is in it for me without calling me names should I choose to not do things your way!

[NotLambchop]

...
is there some significance to this masked green dude?

It is I, your cold-blooded overlord.  This isn't even my final form.

 BTCBTCBTCBTCBTCWEEEEEEEEEEEEEEEEEEEE!!!!!!

>hand-rolling filters
>smoking Marlboro Lights

Degenerate

[xyzzy099]

Right now Bitcoin needs more standards not code before it can be integrated as a global standard.

A formal protocol standard is not always better than an implicit standard.  Formal protocol standards are first and foremost an interoperability aid.  The interoperability challenges of bitcoin are distinct from systems which are not blockchain systems, and it is not at all clear or given that a formal spec in the style of an IETF RFC would provide superior interoperability, without creating much more serious risks.

An RFC for the RPC interface would be sensible and has little potential to do harm.  That would probably be a relatively non-controversial interoperability aid, and quite sufficient and appropriate to the w3c's interests.

Maybe you guys should start a thread in the "Development & Technical Discussion" section about this stuff, so that people actually doing the implementation may join in the discussion.

[mmitech]

price seems very stable. in the next month there will be an opening of an etf and we will see a new bubble  . however, don't sell now.

How the ETF is going to push the price up ? Winklevoss already owns a shitload of coins that will be liquidating at that ETF, with this kind of really slow demand and with the amount of coins they own it will be a long time before anything could happen, them holding that shit load of coins is one of the reasons the price is still holding.


Beside, don't even mention wall street and this ETF until we see how the Bitlicence is going to look like, if it will be remotely close to what the regulators of NY state are aiming for, then you just kiss wall street and that ETF goodbye.

[dakota neat]

Bullstamp keep going. Bearfinex go home.

[JayJuanGee]

Redditor takes out $30,000 on a credit card in order to "invest" (read:speculate) it all in Bitcoin.
https://www.reddit.com/r/personalfinance/comments/18gcmt/redditor_takes_out_30000_on_a_credit_card_in/

Potentially that guy made a killing, if he bought BTC around $100.. b/c the postings are from over a year ago.  A problem is knowing when to get out... at least to get out sufficiently to pay off the credit card and then keep the remainder for continued investment or otherwise diversifying to the extent necessary.

[mmitech]

what? did you change your mind ?