Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17716. (Read 26715742 times)
March 06, 2017, 05:53:08 PM
GBTC spiked today... institutional money betting on approval..... ?
March 06, 2017, 05:26:15 PM
Anybody else getting nervous about next week?
I don't know whether to sell or buy right now.
I don't know whether to sell or buy right now.
March 06, 2017, 05:24:22 PM
You can use a Trezor with Electrum. If you are going to use a local bitcoin wallet like Core that does not support hardware wallets YET use a real good password.
Okay, one more question, why should I combine Trevor with electrum? I thought only online wallets such as blockchaininfo wallet are vulnerable to hackers.
I thought that Electrum wallet is not possible to be hacked (if yes, how?).
Any wallet that exposes your private keys can be hacked. Keylogger malware can steal your password or a trojan could substitute a different bitcoin address. Bitcoin Core is still the most private way to use bitcoin but it is ultimately not as secure as a hardware wallet. The most secure way to use Bitcoin Core is to run Armory on top of it in cold storage mode. Needs two computers one always offline for the Armory wallet with private keys.
March 06, 2017, 05:20:47 PM
Bitcoin is too volatile to act as a currency.
After all that time you've only just figured that out? Off you go then and let me offer a friendly pat on your silky buttock to help you along. If you find a cheeky finger in your crack then I hope you take it in the spirit it was intended.
March 06, 2017, 05:17:54 PM
Anybody else getting nervous about next week?
I don't know whether to sell or buy right now.
I don't know whether to sell or buy right now.
March 06, 2017, 05:14:27 PM
Bitcoin is too volatile to act as a currency.
After all that time you've only just figured that out? Off you go then and let me offer a friendly pat on your silky buttock to help you along. If you find a cheeky finger in your crack then I hope you take it in the spirit it was intended.
March 06, 2017, 05:11:32 PM
You can use a Trezor with Electrum. If you are going to use a local bitcoin wallet like Core that does not support hardware wallets YET use a real good password.
March 06, 2017, 05:03:04 PM
Can someone explain we what is going on? For the last few days everyone was talking about EFT, but today from few hours you are talking about some "BU", "Antpool", "pool"and other stuff. I'm pretty new in BTC and I don't understand what you are taking about, could someone help me?
I wouldn't know how to summarize or distill it further as you have to be somewhat familiar with bitcoin to grasp it. Bottom line if you are a new user. You are safe if you keep your coins off online wallets and exchanges as this blows over. Secure them in Hard ware wallets if you can or an offline computer.
Why do you recommend this ? Some people are here to trade and invest and buy-sell- sell-buy... why if i have coins to the exchange i maybe have problem?
( don't tell me is not safe like gox we all know that but it's the price to pay if something happen in case of hacker - or government
we know that, at least we took a lesson with gox )but what this have to do?
It is all about having options. If there is an imminent hard fork you want to have possession of your private keys as you have more options. The safest most private way is to run a Bitcoin Core node on a home computer. Second would be a hardware wallet like Trezor or Ledger Nano S.
March 06, 2017, 05:01:17 PM
Bitcoin is too volatile to act as a currency.
After all that time you've only just figured that out? Off you go then and let me offer a friendly pat on your silky buttock to help you along. If you find a cheeky finger in your crack then I hope you take it in the spirit it was intended.
March 06, 2017, 05:00:08 PM
Bitcoin is too volatile to act as a currency there will be soon no point to owning it.
Oh. Pack it up everyone, no point in owning any bitcoin anymore
March 06, 2017, 04:59:14 PM
Can someone explain we what is going on? For the last few days everyone was talking about EFT, but today from few hours you are talking about some "BU", "Antpool", "pool"and other stuff. I'm pretty new in BTC and I don't understand what you are taking about, could someone help me?
I wouldn't know how to summarize or distill it further as you have to be somewhat familiar with bitcoin to grasp it. Bottom line if you are a new user. You are safe if you keep your coins off online wallets and exchanges as this blows over. Secure them in Hard ware wallets if you can or an offline computer.
Why do you recommend this ? Some people are here to trade and invest and buy-sell- sell-buy... why if i have coins to the exchange i maybe have problem?
( don't tell me is not safe like gox we all know that but it's the price to pay if something happen in case of hacker - or government
we know that, at least we took a lesson with gox )but what this have to do?
March 06, 2017, 04:58:12 PM
Bitcoin is too volatile to act as a currency there will be soon no point to owning it.
March 06, 2017, 04:47:56 PM
Can someone explain we what is going on? For the last few days everyone was talking about EFT, but today from few hours you are talking about some "BU", "Antpool", "pool"and other stuff. I'm pretty new in BTC and I don't understand what you are taking about, could someone help me?
I wouldn't know how to summarize or distill it further as you have to be somewhat familiar with bitcoin to grasp it. Bottom line if you are a new user. You are safe if you keep your coins off online wallets and exchanges as this blows over. Secure them in Hard ware wallets if you can or an offline computer.
March 06, 2017, 04:25:52 PM
That discounts the possibility that our annoying mining friend personally controls far, far more mining firepower than he's going to publicly admit to. Bad for business too. He probably operates more than half the pools to give us the illusion that centralisation isn't an issue.
Perhaps , either way he than has to make the economic decision to ignore profits while the economic majority dumps his coin. If he takes the loss and mines at a negative return for a while than we will be forced to change the PoW algo.
March 06, 2017, 04:21:36 PM
Acutally if a hostile fork happens then almost the whole network will reject the invalid blocks 
They could fuck up bitcoin really bad.
They could fuck up bitcoin really bad.
Yes, 91% of nodes will reject BU blocks and ban all nodes relaying them -
http://luke.dashjr.org/programs/bitcoin/files/charts/software.html
Jihan is either bluffing to renegotiate (not going to happen) or he is serious and hoping that 91% of nodes will suddenly switch to BU (also not going to happen)
There are 32610 Core nodes on the network ? How this Nr is measured ?
http://luke.dashjr.org/programs/bitcoin/files/charts/services.html
This includes listening nodes with broadcasting. Anyone can log what nodes are peers if they run a full node.
https://bitnodes.21.co/ only represent a smaller subset of broadcasting nodes.
We need to refer to all nodes in this scenario as listening nodes also validate the rules and will reject any BU coins and ban any peers that relay invalid blocks exactly like we say with that buggy BU code caused a BU miner to lose ~13k
Is https://bitnodes.21.co/nodes/ more reliable?
No , for this exercise we need to also include listening nodes as they effect the outcome.
March 06, 2017, 04:20:03 PM
The biggest mining pool Antpool made wrong business assumption while planning their expansion and investment last year. They didn't anticipate bitcoin's rapid appreciation. They might have sold customer bitcoins to finance that. Now they will make some noise to cause price pullback. However, this will be their second wrong business decision... and might turn to be lethal for the pool. But hey, other miners will be happy. Bitcoin doesn't care for exceptionally greedy miners.
That discounts the possibility that our annoying mining friend personally controls far, far more mining firepower than he's going to publicly admit to. Bad for business too. He probably operates more than half the pools to give us the illusion that centralisation isn't an issue.
March 06, 2017, 04:19:46 PM
Acutally if a hostile fork happens then almost the whole network will reject the invalid blocks
They could fuck up bitcoin really bad.
They could fuck up bitcoin really bad.
Yes, 91% of nodes will reject BU blocks and ban all nodes relaying them -
http://luke.dashjr.org/programs/bitcoin/files/charts/software.html
Jihan is either bluffing to renegotiate (not going to happen) or he is serious and hoping that 91% of nodes will suddenly switch to BU (also not going to happen)
There are 32610 Core nodes on the network ? How this Nr is measured ?
http://luke.dashjr.org/programs/bitcoin/files/charts/services.html
Is https://bitnodes.21.co/nodes/ more reliable?
March 06, 2017, 04:15:06 PM
Acutally if a hostile fork happens then almost the whole network will reject the invalid blocks
They could fuck up bitcoin really bad.
They could fuck up bitcoin really bad.
Yes, 91% of nodes will reject BU blocks and ban all nodes relaying them -
http://luke.dashjr.org/programs/bitcoin/files/charts/software.html
Jihan is either bluffing to renegotiate (not going to happen) or he is serious and hoping that 91% of nodes will suddenly switch to BU (also not going to happen)
There are 32610 Core nodes on the network ? How this Nr is measured ?
http://luke.dashjr.org/programs/bitcoin/files/charts/services.html
March 06, 2017, 04:12:15 PM
Acutally if a hostile fork happens then almost the whole network will reject the invalid blocks
They could fuck up bitcoin really bad.
They could fuck up bitcoin really bad.
Yes, 91% of nodes will reject BU blocks and ban all nodes relaying them -
http://luke.dashjr.org/programs/bitcoin/files/charts/software.html
Jihan is either bluffing to renegotiate (not going to happen) or he is serious and hoping that 91% of nodes will suddenly switch to BU (also not going to happen)
March 06, 2017, 04:11:40 PM
Ok, this is the time for summarize things....can someone help me in simple words and explain what is going on with the block chain the fork etc?
The biggest mining pool Antpool made wrong business assumption while planning their expansion and investment last year. They didn't anticipate bitcoin's rapid appreciation. They might have sold customer bitcoins to finance that. Now they will make some noise to cause price pullback. However, this will be their second wrong business decision... and might turn to be lethal for the pool. But hey, other miners will be happy. Bitcoin doesn't care for exceptionally greedy miners.
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