Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18212. (Read 26623279 times)

What about low volume people? 5%? Crazy Winklevosses.
well that depends of course...
Oh yes, we are all waiting. 

What world does this guy live in where most exchanges charge 5%?

The Winklevosses Have Cracked ETF Fees.

https://www.bloomberg.com/gadfly/articles/2016-10-20/the-winklevosses-have-cracked-etf-fees

Oh??? is that what you goofball fantasyland non-substantive bear trolls are calling your nonsensical attempts at FUD spreading, "thinking outa da box?"   hahahaha       

Torque thinks outa da box like me...maybe makes the most sense around here so I would shut my dumb a$$ mouth and listen up for once!

Is that news bearish, or bullish?    I would think that it is more bearish, yet the question remains whether such bearish news is going to have a bearish impact?  Apparently, according to the article, the ECB (which I believe is European Central Bank) made a very similar observation in 2012, and then what happened in 2013?

http://www.prisonplanet.com/ecb-wants-to-curb-bitcoin-use-over-fears-it-may-lose-control-over-money-supply.html

Yesterday, about 18 hours ago, I did a BTC buying transaction of about 3.5 BTC on the chain.  That was around the peak of the mempool backup.


The guy selling the 3.5 BTC to me was using Mycelium and I was using the Blockchain.info wallet.  I use my local bitcoins advert to establish our agreed to buying price, and the Localbitcoins website gave a warning that  "due to an ongoing attack on the network"  transactions may take more than 3 hours to go through (even though they will show up immediately as "pending").   

Since I had already done several transaction with the guy selling me the 3.5 coins, I felt that the likely delay in confirmation was not a major risk problem for me in terms of the likelihood that he would attempt to pull shenanigans on me, such as attempting a double spend.

He used a fee of about .00015BTC (about $.095 - which is almost 10 cents), and the transaction took 83 minutes for the first confirmation.  I did not watch the transaction, so I am not sure how long it took for the next 2 confirmations and for the coins to become available for my usage.  Usually the first confirmation takes the longest, and the second two confirmations will usually go through within less than 30 minutes from the time of the first confirmation.

Possibly, if i had been dealing with a less trustworthy person, I may have been a bit more hesitant about going through with the transaction during a mempool backup period - though the peak of the backup seemed to have only been a few hours, and currently the back up is down to more "normal" levels.

A new fear could emerge in 2017: The fear of triple digits.

Earwig. Low.

http://fortune.com/2016/10/18/winklevoss-state-street-bitcoin-etf-administrator/

The software code is open source.

I won't get into how hardware can be manipulated.

Look up Stuxnet and other types of government manipulation of every day devices.

Yes that might be a problem in the future.
But Trezor is open source as far as I know right.
So how to put a backdoor in an open device where all the code is visible?

Re: Trezor

Don't be too trusting of hardware. Especially if it is specifically made to hold peoples' Bitcoin (which the government does not like).

Trezor may be perfectly fine now. Just keep in mind those encrypted e-mail hosting services and the letters they received from the government requiring a back door.

talking price we are floating on the $625 mark. Volume is going down almost anywhere: it seems someone needs to load his ammo to start shooting in the air again.

Just use paper wallets (I mostly mine and hold) and have a hot wallet on the laptop for 1 BTC or less .....or same $$$ wise on the LTC wallet

Keeps me honest and holding if I have to go to the bank safety deposit box to move coin about paper wallet wise

sometimes it is just about managing your cyrpto....to make sure what you mine flows in and "MOST" of it after expenses sticks around my grubby little (I want to spend on toys now) hands

^Well said.


Fixed.

yes


It's an HD scheme, so once you save the master seed (24 words), you're guaranteed to be able to restore the wallet fully anywhere that can handle the format (new trezor, various popular wallets, etc).

And, of course, saving that seed is the FIRST thing you do with any new trezor. Backing it up in multiple very safe places is also a no-brainer.

Is the private key stored on flash memory inside the trezor? What happens if the trezor's memory becomes faulty like a flash drive's eventually does? Do you lose your bitcoins unless you have backed up your private key? I don't trust any one storage system with my private keys because they all become faulty eventually.

I have to agree with paashaas here.

When my trezor arrived all the cold storage worries went out the door.
The worries about the pc being keylogged vanished.
It now even handles keys and processing for password management on my various subscription sites, and acts as a 2fa device completely controlled by me.

Very nice and well worth the $100.

I do wish the site had a warrant canary tho, so i could have more trust in the firmware. but hey, it's better than anything else out there.

oh no, we don't ...