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

[Adrian-x]

Wired, 2014-11-24:
Brock Pierce from The Bitcoin Foundation is bullish about the future of... something?
http://www.wired.co.uk/news/archive/2014-11/24/bitcoin-myspace-cryptocurrency-blockchain

He sounds like a BlockStream yes man.

These people recently put out a proposed change to the Bitcoin protocol to tweak the mining incentives achieve the following:

In this paper, we argue that it is possible to simultaneously achieve these seemingly contradictory goals. The core observation is that
“Bitcoin” the blockchain is conceptually independent from “bitcoin” the asset

[hdbuck]

Could the 50k BTC Marshall auction be BS?

> http://trilema.com/2014/the-united-states-scammers-service-formerly-marshalls-service/

i mean they indeed seem to have pretty bogus terms..

[conspirosphere.tk]

Wired, 2014-11-24:
Brock Pierce from The Bitcoin Foundation is bullish about the future of... something?
http://www.wired.co.uk/news/archive/2014-11/24/bitcoin-myspace-cryptocurrency-blockchain

He sounds like a BlockStream yes man.

These people recently put out a proposed change to the Bitcoin protocol to tweak the mining incentives achieve the following:

In this paper, we argue that it is possible to simultaneously achieve these seemingly contradictory goals. The core observation is that
“Bitcoin” the blockchain is conceptually independent from “bitcoin” the asset

I vote for leaving bitcoin alone

[Plazma]

sup with people posting random comments just to get their post count up?

[Thomas-s]

sup with people posting random comments just to get their post count up?

Like you right now?

[macsga]

Skeptical we'll make it to 400 today. Probably better if we don't, in fact. Closing today above 370 would make me pretty happy already

I will bet you an Ouzo that we will surpass it, just in case you will come over and need an excuse to drink one...

You're not fooling me. I know Ouzo is the stuff you give the tourists, while you reserve the good stuff for yourself

Touche my friend. Rakhee it is for you then without Glycanissos...

Hey. Did I ever tell you the fascinating story about how all good things Greek are actually Turkish

I'll keep the offer in mind, if we happen to be in Greece at the same time. Good chance I'll be in Athens again next year.

Agree. They come from Istanbul which comes from "Eις Tην Πόλιν".
You know where to find me.

[rebuilder]

Could the 50k BTC Marshall auction be BS?

> http://trilema.com/2014/the-united-states-scammers-service-formerly-marshalls-service/

i mean they indeed seem to have pretty bogus terms..

That's pretty damn contrived.

[JimboToronto]

sup with people posting random comments just to get their post count up?

Post counts don't affect activity scores as much as consistently posting in every 14 day period.

A couple of posts per month will do as well as a thousand posts.

[hdbuck]

Could the 50k BTC Marshall auction be BS?

> http://trilema.com/2014/the-united-states-scammers-service-formerly-marshalls-service/

i mean they indeed seem to have pretty bogus terms..

That's pretty damn contrived.

what you mean? the article or the auction?

[rebuilder]

Could the 50k BTC Marshall auction be BS?

> http://trilema.com/2014/the-united-states-scammers-service-formerly-marshalls-service/

i mean they indeed seem to have pretty bogus terms..

That's pretty damn contrived.

what you mean? the article or the auction?

The article.

[hdbuck]

Could the 50k BTC Marshall auction be BS?

> http://trilema.com/2014/the-united-states-scammers-service-formerly-marshalls-service/

i mean they indeed seem to have pretty bogus terms..

That's pretty damn contrived.

what you mean? the article or the auction?

The article.

hmm 

[JimboToronto]

Come on Huobi. Let's see 2400.

 

[NotLambchop]

...

Next you'll be telling us she came on to you and asked you to share your erectile dysfunction pills

[Brewins]

sup with people posting random comments just to get their post count up?

Post counts don't affect activity scores as much as consistently posting in every 14 day period.

A couple of posts per month will do as well as a thousand posts.

Some signature campaigns require at least X post count. Also people say that accounts with more or less same post as activity are shills, so post to boost post count only is reasonable

[Adrian-x]

Wired, 2014-11-24:
Brock Pierce from The Bitcoin Foundation is bullish about the future of... something?
http://www.wired.co.uk/news/archive/2014-11/24/bitcoin-myspace-cryptocurrency-blockchain

He sounds like a BlockStream yes man.

These people recently put out a proposed change to the Bitcoin protocol to tweak the mining incentives achieve the following:

In this paper, we argue that it is possible to simultaneously achieve these seemingly contradictory goals. The core observation is that
“Bitcoin” the blockchain is conceptually independent from “bitcoin” the asset

I vote for leaving bitcoin alone

We don't get to vote it would be a soft fork so only miners need make the change.
BlockStream have derived a way for miners to earn extra income by merge mining SideChains so it's a win win for them and the miners and a threat to Bitcoin as is.

No need to panic yet they are at least 6 months from testing before anything new is proposed.

Just a good idea to get educated.

The irony is to change the block size to allow Bitcoin to grow is a hard fork and requires the majority to agree.

[Fatman3001]

I don´t know if anyone here cares, but pool distribution looks a lot healthier now than it did a month ago.


https://blockchain.info/pools?timespan=24hrs

Unless "unknown" is actually just ghash or dicussfish to hide their true hashing power?

"unknown" has declined too. It´s all the smaller pools that have grown.

[JorgeStolfi]

Could the 50k BTC Marshall auction be BS?
> http://trilema.com/2014/the-united-states-scammers-service-formerly-marshalls-service/
i mean they indeed seem to have pretty bogus terms..

To me, the only thing that is suspicious is their dragging their feet about the FOIA request, and the enhanced emphasis, in this announcement, that they are not going to release any information to the public.  One would think that the People of the US have the right to know how much their property was sold for.

Other than that, the terms of the auction seem pretty standard and logical, in the bureaucrat's way of thinking.

Recall that the price shoot up by ~150$ before the previous announcement, dropped some 75$ the day after the announcement, but recovered fully the day after the auction, when they revealed that all the lots had been bought by one bidder.  I find it hard to square those numbers with the claim that the USMS is trying to keep the price down.

[LFC_Bitcoin]

sup with people posting random comments just to get their post count up?

Like this one ^^^^^

[Newbie1022]

In at 344, out at 389, shorting now (and only for a short while) at 389 with a stop loss at 393... I think we hit a proximate top.

Quickly realized I spoke too soon -- $40 down the drain... no big. Up big on the day and looks like it'll keep moving now that we cleared 390.

[keithers]

Nice little upswing in prices, since the last time I actually looked at the charts.   I would love to see us remain stable at $400+, feels like a long time since we have been able to do that though...