Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17079.

legendary

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Quote from: mindrust on May 30, 2017, 04:34:26 PM

I fought for Bitcoin till now but i am tired now.

ETH does everything which bitcoin can't. It doesn't have malicious greedy piece of shits like Jihan BU and Roger ver in the first place. ETH don't have ASICs. Mining power is greatly distributed among people because people mine with GPU's.

No stupid scaling debates. The only thing keeps me moving from btc to eth is that i feel like it is too late now. I feel like shit. We will lose the market cap to ETH...

and do you not think it was intended to make you feel that way?

etheruem is currently in the told you so phase. there'll come a time when that pendulum swings back.

and whatever happens bitcoiners should let go of the idea of bitcoin being it.

it's a big old world with more ideas and agendas than we can guess at.

BlindMayorBitcorn

legendary

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ETH investors be like https://youtu.be/QnmZeGOkWC4?t=4m50s

leowonderful

legendary

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Bitcoin FTW!

Quote from: mindrust on May 30, 2017, 04:34:26 PM

Quote from: ?? on ??

Quote from: simmo77 on May 30, 2017, 10:19:04 AM

Quote from: leowonderful on May 30, 2017, 10:18:29 AM

Quote from: ?? on ??

Now I feel foolish, traded the top of the BTC/ETH bubble, now a big dive on polo. Cry

... don't buy ETH.

FTFY

ETH is already at 20 billion marketcap Grin

This will be a complete bloodbath once people realize that no real use cases for ETH exist...

I fought for Bitcoin till now but i am tired now.

ETH does everything which bitcoin can't. It doesn't have malicious greedy piece of shits like Jihan BU and Roger ver in the first place. ETH don't have ASICs. Mining power is greatly distributed among people because people mine with GPU's.

No stupid scaling debates. The only thing keeps me moving from btc to eth is that i feel like it is too late now. I feel like shit. We will lose the market cap to ETH...

Look what OKcoin said:
https://www.okcoin.com/t-387.html

That's because ETH is centralized as hell and they don't need insanely large battles like we're having in BTC. Let's face it, a centralized coin will never work. We just need Jihan to stop this madness and the dominos will begin to fall. ETH might have ASICs in the future but it's unlikely due to the incoming difficulty bomb. Hell, once they switch to PoS they won't even have any hashrate supporting them!

mindrust

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Quote from: ?? on ??

Quote from: simmo77 on May 30, 2017, 10:19:04 AM

Quote from: leowonderful on May 30, 2017, 10:18:29 AM

Quote from: ?? on ??

Now I feel foolish, traded the top of the BTC/ETH bubble, now a big dive on polo. Cry

... don't buy ETH.

FTFY

ETH is already at 20 billion marketcap Grin

This will be a complete bloodbath once people realize that no real use cases for ETH exist...

I fought for Bitcoin till now but i am tired now.

ETH does everything which bitcoin can't. It doesn't have malicious greedy piece of shits like Jihan BU and Roger ver in the first place. ETH don't have ASICs. Mining power is greatly distributed among people because people mine with GPU's.

No stupid scaling debates. The only thing keeps me moving from btc to eth is that i feel like it is too late now. I feel like shit. We will lose the market cap to ETH...

Look what OKcoin said:
https://www.okcoin.com/t-387.html

nathalie20

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Activity: 952

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Quote from: Torque on May 30, 2017, 04:29:03 PM

Quote from: nathalie20 on May 30, 2017, 04:23:17 PM

Half the crypto coins have no real value in the world. People's dreams that these coins will be great.
Most are just internet and nothing else

Half?? Now you're just being generous.

Let's put it this way:

All altcoins believe they are competing directly with Bitcoin for crypto dominance.

But Bitcoin only has ONE direct competitor: the U.S. dollar (or the entire rigged, debt-fueled worldwide banking fiat system). It could give 2 shits about anything else.

Yes it's true.
Ethereum worth $ 200 just for what? In my opinion 5 $ is max

jbreher

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lose: unfind ... loose: untight

Quote from: BlindMayorBitcorn on May 30, 2017, 03:15:48 PM

In what universe could you have predicted an OMNI would double overnight?

Qartada

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Quote from: ?? on ??

Quote from: simmo77 on May 30, 2017, 10:19:04 AM

Quote from: leowonderful on May 30, 2017, 10:18:29 AM

Quote from: ?? on ??

Now I feel foolish, traded the top of the BTC/ETH bubble, now a big dive on polo. Cry

... don't buy ETH.

FTFY

ETH is already at 20 billion marketcap Grin

This will be a complete bloodbath once people realize that no real use cases for ETH exist...

Care to elaborate? I can already set up a smart contract online via blockchain. But yes, many of the ideas are works in progress. Point being, people can visualize the implementation of the ideas. Apple became extremely successful after suggesting an idea of a smartphone before delivering it.

There are already cryptocurrencies, like Byteball, which are offering actual use cases for smart contracts. Oracles, for example, can base a smart contract on several different events such as the outcome of a sports event. For trustless escrow, smart contracts have many use cases, but ETH have not implemented them properly.

A lot of money from ETH will flow into Bitcoin as the ICO hype dies down. This may be quite a bit later in 2017, but it'll happen sometime - most of these blockchain applications are just ploys for money in an ICO, and they have no reason for a new token.

I can see the Bitcoin price rising when this happens considering just how significant ETH has become now in terms of hype and price.

Torque

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Quote from: nathalie20 on May 30, 2017, 04:23:17 PM

Half the crypto coins have no real value in the world. People's dreams that these coins will be great.
Most are just internet and nothing else

Half?? Now you're just being generous.

Let's put it this way:

All altcoins believe they are competing directly with Bitcoin for crypto dominance.

But Bitcoin only has ONE direct competitor: the U.S. dollar (or the entire rigged, debt-fueled worldwide banking fiat system). It could give 2 shits about anything else.

pfrtlpfmpf

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Quote from: Ted E. Bare on May 30, 2017, 04:15:07 PM

I don't even know what that means!

Me too !

nathalie20

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Half the crypto coins have no real value in the world. People's dreams that these coins will be great.
Most are just internet and nothing else

Ted E. Bare

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Bear with me

I don't even know what that means!

pfrtlpfmpf

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Quote from: European Central Bank on May 30, 2017, 03:17:06 PM

Quote from: bitebits on May 30, 2017, 03:10:49 PM

Quote from: Elwar on May 26, 2017, 01:25:43 AM

[...] For some of my bitcoins I recently purchased some crypto-steel and stored some bitcoins on those. I just moved from Afghanistan to Korea spending a few weeks in Thailand, Cambodia, Vietnam and French Polynesia. By moving, that meant bringing my crypto-steel with me (not trusting it to some post office). So here I am traveling with these metal squares through various security. I spent about 15 minutes in Dubai trying to explain my crypto-steel to security (I had them wrapped in metalic tape to ensure nobody tampered with them). I finally had to unwrap one enough to show what was inside (I also had full chemical gear so that was part of the inquisition as well....long story). I ended up checking my bag in with the crypto-steel from there on out and was paranoid every minute that they were not in my possession. Every hotel I went to had to have a safe. I ended up in one hotel without a safe and I only left briefly to eat. I ended up using a bus instead of going on airplanes when I traveled due to the difficulty. Flying from Vietnam to French Polynesia I decided to keep the crypto-steel with me to avoid the worry I had before. I had to explain to a Vietnamese security guard what they were, I used pictures on my phone and was ok after 5 minutes (I was surprised when he said "oh, Bitcoin!").
[...]

Thanks for sharing your experience Elwar. Had a similar one explaining a few Casascius coins.

I am wondering though why you carry the cryptosteel around. Just remember a 12 word Electrum seed and you have no explaining to do crossing borders, and no worries of being robbed when away from 'home'. Still each time I punch in those 12 words from memory to cold sign a transaction, it feels like magic internet money. It makes me again experience how powerful and independent Bitcoin really is.

does cryptosteel disguise your seed in any way or is it written down raw? it seems kind of stupid to have something so unusual that will attract attention not adding some extra security.

I have written "pfrtlpfmpf" on the side of it, that should distract any reader !

FractalUniverse

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Activity: 1034

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Quote from: ?? on ??

Quote from: simmo77 on May 30, 2017, 10:19:04 AM

Quote from: leowonderful on May 30, 2017, 10:18:29 AM

Quote from: ?? on ??

Now I feel foolish, traded the top of the BTC/ETH bubble, now a big dive on polo. Cry

... don't buy ETH.

FTFY

ETH is already at 20 billion marketcap Grin

This will be a complete bloodbath once people realize that no real use cases for ETH exist...

they dont even need to put much effort and money into this pump now, as the sheep are flocking in and pumping it all by themselves

BTCtrader71

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Activity: 784

Merit: 1001

Quote from: European Central Bank on May 30, 2017, 03:17:06 PM

does cryptosteel disguise your seed in any way or is it written down raw? it seems kind of stupid to have something so unusual that will attract attention not adding some extra security.

it's intended to be written down raw, although of course there's no reason you can't scramble it in some fashion, like reverse the order of the words. or something more complex than that if you wish

bitserve

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Activity: 1862

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Self made HODLER ✓

Quote from: Dabs on May 30, 2017, 03:26:23 PM

Here's an idea. Get a dictionary. (or any book for that matter). Instead of writing down the private key or code, you circle a few letters per page starting from somewhere in the middle, and skip a few pages.

Sort of steganography. I'm sure you can think of more ways to use every day things that will not attract airport security.

In-flight magazines that you're allowed to take home, tour book. A bunch of letters in a necklace. Handwritten with a sharpie on the inside of your undershirt.

Or my personal favorite, a microSD card hidden on or about your person, shoes, belt buckle, stitched to the hem of your pants or shirt sleeves, taped under your watch, or just stuck in your leather wallet (where you hold your credit cards, if you have those.)

A bunch of coins in a coin purse with one fake hollowed out coin; or two coins taped together with the card in the middle, should work just as well.

I think Elwar doesn't own a "home" so that's why he carries his valuables with him on his travels.

The idea of the microSD with an encrypted (with a simpler password than a full seed) file with the private keys is very good. You can even carry it in one of these:

http://the-gadgeteer.com/2009/09/19/hide-a-microsd-card-inside-a-nickle-spy-coins/

Or hid it inside any other valuables.

If I were Elwar I would have already bought some cheap real state somewhere even if just to store my stuff. There are many places in first world countries where you can buy one for just a few tens of thousands.

Also, memorizing the seed is not that bad IF YOU HAVE BACKUPS somewhere. You don't want to rely just on your brain when in case of failure is when you would most likely need the money.

Dabs

legendary

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The Concierge of Crypto

Here's an idea. Get a dictionary. (or any book for that matter). Instead of writing down the private key or code, you circle a few letters per page starting from somewhere in the middle, and skip a few pages.

Sort of steganography. I'm sure you can think of more ways to use every day things that will not attract airport security.

In-flight magazines that you're allowed to take home, tour book. A bunch of letters in a necklace. Handwritten with a sharpie on the inside of your undershirt.

Or my personal favorite, a microSD card hidden on or about your person, shoes, belt buckle, stitched to the hem of your pants or shirt sleeves, taped under your watch, or just stuck in your leather wallet (where you hold your credit cards, if you have those.)

A bunch of coins in a coin purse with one fake hollowed out coin; or two coins taped together with the card in the middle, should work just as well.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: bitserve on May 30, 2017, 03:18:07 PM

As a spanish speaking guy I can tell you it doesn't sound like that. It sounds like "Monedero" which literal translation is wallet for storing coins.

I don't like it anyways.

it's esperanto i believe.

there are worse names out there. but anyone basing financial decisions on names is kinda weird in my opinion.

bitserve

legendary

Activity: 1862

Merit: 1530

Self made HODLER ✓

Quote from: Torque on May 30, 2017, 03:11:41 PM

Quote from: bitserve on May 30, 2017, 03:05:07 PM

Quote from: FractalUniverse on May 30, 2017, 02:38:02 PM

Quote from: pfrtlpfmpf on May 30, 2017, 02:15:53 PM

I think, people (currently japan) are just buying by name, bitcoin beeing number one, ethereum sounds good too, but man, satoshi picked the best name, right off the start.

ethereum doesn't sound good to me. there are much better names of altcoins out there.
but i agree that bitcoin is the best brand for foreseeable future.

Dash sounds to me like a very good name from a marketing view. Never owned one myself though... neither I plan to.

Ripple, on the other hand, is an awlful name. It sounds like "Rip off". I have been "Rippled".... you know... But i am not english native so maybe I am totally wrong on MY perception.

I don't think most people is "investing" on the names. They just follow the trend and while it is giving paper book profits they go on... until a good portion of them start trying to take profits from it and the price plunges.

Monero: something a Spanish street gang uses to buy drugs with

As a spanish speaking guy I can tell you it doesn't sound like that. It sounds like "Monedero" which literal translation is wallet for storing coins.

I don't like it anyways.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: bitebits on May 30, 2017, 03:10:49 PM

Quote from: Elwar on May 26, 2017, 01:25:43 AM

[...] For some of my bitcoins I recently purchased some crypto-steel and stored some bitcoins on those. I just moved from Afghanistan to Korea spending a few weeks in Thailand, Cambodia, Vietnam and French Polynesia. By moving, that meant bringing my crypto-steel with me (not trusting it to some post office). So here I am traveling with these metal squares through various security. I spent about 15 minutes in Dubai trying to explain my crypto-steel to security (I had them wrapped in metalic tape to ensure nobody tampered with them). I finally had to unwrap one enough to show what was inside (I also had full chemical gear so that was part of the inquisition as well....long story). I ended up checking my bag in with the crypto-steel from there on out and was paranoid every minute that they were not in my possession. Every hotel I went to had to have a safe. I ended up in one hotel without a safe and I only left briefly to eat. I ended up using a bus instead of going on airplanes when I traveled due to the difficulty. Flying from Vietnam to French Polynesia I decided to keep the crypto-steel with me to avoid the worry I had before. I had to explain to a Vietnamese security guard what they were, I used pictures on my phone and was ok after 5 minutes (I was surprised when he said "oh, Bitcoin!").
[...]

Thanks for sharing your experience Elwar. Had a similar one explaining a few Casascius coins.

I am wondering though why you carry the cryptosteel around. Just remember a 12 word Electrum seed and you have no explaining to do crossing borders, and no worries of being robbed when away from 'home'. Still each time I punch in those 12 words from memory to cold sign a transaction, it feels like magic internet money. It makes me again experience how powerful and independent Bitcoin really is.

does cryptosteel disguise your seed in any way or is it written down raw? it seems kind of stupid to have something so unusual that will attract attention not adding some extra security.

BlindMayorBitcorn

legendary

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Quote from: pfrtlpfmpf on May 30, 2017, 02:39:52 PM

Quote from: BlindMayorBitcorn on May 30, 2017, 02:32:11 PM

I'm just sitting here watching the world get rich with alt coins. But that's none of my business.. Lips sealed

It should be !

In what universe could you have predicted an OMNI would double overnight?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17079. (Read 26585961 times)