Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18899. (Read 26629132 times)

I don't think that various responders here are retarded. 

You know we are also responding to new news, which in part is the market's reaction (and possibly over-reaction to news that seems highly likely to be fraudulent). 

If it does turn out within hours or even days that the news is discovered to be fraudulent, then that could provide a decent springboard for an upward BTC price trajectory, like you suggested; however, sometimes stupid-ass news like this gets way too much attention (and yeah, we are discussing it too), weight and credibility and it takes longer to figure out to have been false in the first place.....  that was true with the mike hernia news, remember how long it took to figure out to be whining... even though it seems ridiculous to even have much credibility.

 And, just like within your comment, you seem to already be given too much potential legitimacy to the claim that Wright could be Satoshi when you say:  "Imo its a good thing, now he can speak his mind over the block discussion." 

In fact, your kind of statement is kind of an internal contradiction (and possibly seeming a bit retarded (i'm not trying to call any names here) ), because you could not really believe that if Wright were in fact Satoshi that his chiming in on the block discussion would be a good thing for bitcoin when it had begun to appear 1) the block size limit debate was coming around to seemingly temporarily resolutions with seg wit etc and 2) those big block claims of Wright of 340 mg blocks were just non-sensical to the real original visions of bitcoin in attempting to keep bitcoin decentralized.  You not going to really achieve decentralization and/or manageability of spam with something like 340 mg blocks.. that's pure ridiculous and distracting to bitcoin's current decentralized and scaling trajectory that seg wit seems to allow in a much more manageable way.  In that regard, Wright would be opening a can of worms that really don't need to be opened... and yeah, this seems to be convenient for Gavin and some of the other big blockers to want to keep this nonsense alive.

I didn't say "300$ right away", did I? But this dump is damaging the bullish scenario, so the probability of testing 300$ increases.
I wasn't shorting, on the contrary I had a small long, and the dump triggered the stop loss.

Yepp that's the reason for the actual dive.
See it from other side of the medal.
Might be a good opportunity to accumulate more coins when you have some spare fiat left.

fud, if he paid out 2m he gonna pay 300-600k cash, not gonna crash the market.

.... and "the Internet" is able to investigate and debunk this fraud in minutes while investigative journalists are fooled once again.

https://www.reddit.com/r/Bitcoin/comments/4hflr3/craig_wrights_signature_is_worthless/



Pathetic that Gavin went along with this without being more skeptical.

According to the bbc story the reason Craig Wright's house was raided by police was due to money he owes the Australian tax man. I can't remember the details, but if he owes a lot, he could dump a load of Bitcoins to pay the debt off if he really is Satoshi.

Frequently, you can be a reasonable guy, but comments like these are just way too much....

How retarded are you guys..
There is no reason for a btc drop, it doesnt matter if he is revealed. Imo its a good thing, now he can speak his mind over the block discussion.
If btc will nosedive it will rise till new hights very soon. Maybe this is the news that will be manipulated for a dump in to flash spike.

Yeah, convenient if Gavin is the corroborator of evidence.  That guy comes off as credible to mainstream, but he certainly has lost a lot of credibility with the bitcoin community with his recent big blocks and attempts at changing bitcoin governance shenanigans.

Seems like every time Gavin opens his mouth the price takes a dive ...

This could be like the Silk Road drop.

Gavin Andresen says he's seen proof from signed keys only Satoshi could have controlled. I'm sure we all want to check for ourselves rather than take his word for it. Can anyone post a link to some cryptographic proof that we  can check for ourselves?

http://gavinandresen.ninja/satoshi

Bottom is at around 440.

Market's reaction suggests back to 300$...

Just wow!
Wright again comes up again with another story that he is Satoshi, Gavin is supporting that and the price takes a dive.
Let's see how low we will go.
If it's sub 400 this could become ugly.

Maybe he does not know how Bitcoin works at all

O.k.

Now that we have preliminarily concluded that Wright's claim to being Satoshi is less than about .1% likely, one of the questions seems to be how far this fake news dump, including the spreading of FUCD, is going to take down BTC prices... gosh?  This could cause us to revisit $420  and likely even $400 if the likely fraud is not clarified, soon.

Mainstream media, just loves to present this kind of nonsense as if it were 99% likely rather than .1% likely.

so after bitcoin creator unmasked, and people trust craig wight is satoshi nakamoto the price will be back to $500 ?

But he claims to still have access to the coins but doesn't want to move them out of a trust. Wright appears to trying to pull a con where he makes the world believe he is in possession of 1 million btc locked in a "trust" so he can get respect and investments from people who assume he is insanely wealthy.

The ridiculous thing is that exchanges move their reserves all the time without any problems for auditing and security purposes , because there are practically an infinite amount of public addresses to use, this can be done securely without risk, and doesn't effect the legal ownership he claims to be so concerned about.



Worse than this ... how Satoshi must have loved large companies and banks controlling all the nodes with 340GB megablocks....


Ridiculous.

Someone who built a currency out of a mistrust of the government puts all of his bitcoins (which are not secure unless you own the keys) in the hands of a trust which is enforceable by government.