Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19602. (Read 26608500 times)

legendary
Activity: 1639
Merit: 1006
solidarity?Huh what planet are you living on.... this is wild west, war zone, chaos rule, dystopia we are in and will be in for ever.

Solidarity exists within the "wildwest" as we are speaking about humans with complex incentives and needs. Solidarity is a form of selfishness practiced by rational actors(and yes, humans can sometimes be reasonable)

This ecosystem is so complex and constantly evolving that there is no consensus on rationality.

I have far less faith in humans than you do I am afraid.
hero member
Activity: 910
Merit: 1003
Hey, what is happening?  Back below $380?

I thought that bitcoin was a honey badger in a titanium armor, protected by patahashes of math and a bajillion moogawatts of electric juice. 

But then a single whiny blog post, by a young loner who had already left the stage, brings the price down by 20% in a few hours? 

How is that?

[/troll]
hero member
Activity: 824
Merit: 712
Better dump everything now. This is going to negative digits!
legendary
Activity: 2170
Merit: 1094
With the latest dumps, daily MACD crossed to negative on all exchanges, including mainland Chinese ones.
sr. member
Activity: 284
Merit: 250
Crypto Future here i come
legendary
Activity: 1639
Merit: 1006
Consensus is forming, brace yourselves
The 21 million cap should also be raised. It is an obstacle for bitcoin growth and adoption. People have no incentive to own bitcoins if they can't  afford to easily purchase at least 1 bitcoin. This is why this cap should be removed. First double it then quadruple and then "classic" unlimited bitcoin will be the final solution.

WTF is this about.... you are insane.... we just need to numerate transactions by a uBTC.... get real
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Cryptsy dying a slow and painful death

http://www.coindesk.com/digital-currency-exchange/

There's something very "controlled demolition" about all of this. Paul Vernon was in army intelligence after all.

Paul Vernon had at least one contact in the Secret Service intelligence community. That Coindesk story says Cryptsy had a relationship with the former Secret Service agent Shaun Bridges who was sent to prison for money laundering. It will be interesting finding out what the relationship was.

Quote
The post also claimed that the company had a prior relationship with former Secret Service Agent Shaun Bridges tied to "an unrelated matter". Bridges was sentenced to five years and eleven months in federal prison in December following his conviction on obstruction of justice and money laundering charges.

so Cryptsy is operation linked to intelligence services has substantial funds "stolen", possible inside job, that are dumped on the market the same day 'limited hang-out' huckster hearn is posting FUD hit piece articles (in NYTimes) coordinated with his new employers bankster consortium R3 testifying to Washington??

sounds legit, legit spook tactics.
legendary
Activity: 3431
Merit: 1233
Consensus is forming, brace yourselves
The 21 million cap should also be raised. It is an obstacle for bitcoin growth and adoption. People have no incentive to own bitcoins if they can't  afford to easily purchase at least 1 bitcoin. This is why this cap should be removed. First double it then quadruple and then "classic" unlimited bitcoin will be the final solution.
legendary
Activity: 994
Merit: 1035
solidarity?Huh what planet are you living on.... this is wild west, war zone, chaos rule, dystopia we are in and will be in for ever.

Solidarity exists within the "wildwest" as we are speaking about humans with complex incentives and needs. Solidarity is a form of selfishness practiced by rational actors(and yes, humans can sometimes be reasonable)
member
Activity: 84
Merit: 10
Oy vey! There go my shekels Cry
legendary
Activity: 1639
Merit: 1006
I love P2P pool, yes that is a great plan, but manufacturers are too greedy and want all of the profits. However, we should be DDOS every large miner constantly making it hell to scale as one entity. Make the cost of doing business as a large miner not worth it.... better to sell your miners to people and try and make money that way.

Encouraging a more combative environment instead of a collaborative environment can lead to potential consequences. I>E> Right now bitfury has indicted they are going to sell their new chips to the widest group of people to insure decentralization, similarly some chinese mines will lease hashing power to their competitors in solidarity without profit if there is a power outage.

Encouraging DDOS attacks will break these bonds of solidarity that lead to greater security.

There are other incentives that naturally promote decentralization that we can focus on -

1) The costs to secure a large mining farm are much more than 10k routers with mining chips in many homes. One requires no extra security, and the other is a target

2) Centralized mining farms have to deal with excessive heat which requires cooling and elaborate ventilation costs while thousands of individuals with small miners can recycle the heat and not worry about excessive heat

3) The liability of fire and damage from failed cooling systems is large with a mining farm , vs almost no liability for millions of small utility miners

ect...

solidarity?Huh what planet are you living on.... this is wild west, war zone, chaos rule, dystopia we are in and will be in for ever.
sr. member
Activity: 345
Merit: 250
So, I'm not really all that worried about the hard fork. Seems quite a few people are looking to instill as much panic as possible, and we've just barely dropped to high $300s. It's kind of funny, really.

yes it is not so long ago that "volatility" was a much talked about topic on this thread but the $200-$300 "long" period killed it off. I happen to think manipulators stopped it going down below $200 and so it 'appeared' as though volatility was less. Now that they seem to be happy with a price over $300  they have left bitcoin to ride a lot more and hence when we have a bit of a minor panic like now we will get to a period of 10% or more changes in price in a short time (ie days).. the old normal is back.

It was this time last year there was that giant crash down to $150. People have bills to pay after Christmas and New Year, and they must wait weeks for their monthly pay. The nights are long, and it's the most depressing time of the year. It only seems to need a trigger event to spark a crash in mid-January, and we had two today.
hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista

according to the figures I see bitcoin is down 9.67%in USD but only 6.76% in CNY. Is such a gap usual?


depends on how usd/cny diverge during the day.
legendary
Activity: 994
Merit: 1035
I love P2P pool, yes that is a great plan, but manufacturers are too greedy and want all of the profits. However, we should be DDOS every large miner constantly making it hell to scale as one entity. Make the cost of doing business as a large miner not worth it.... better to sell your miners to people and try and make money that way.

Encouraging a more combative environment instead of a collaborative environment can lead to potential consequences. I>E> Right now bitfury has indicted they are going to sell their new chips to the widest group of people to insure decentralization, similarly some chinese mines will lease hashing power to their competitors in solidarity without profit if there is a power outage.

Encouraging DDOS attacks will break these bonds of solidarity that lead to greater security.

There are other incentives that naturally promote decentralization that we can focus on -

1) The costs to secure a large mining farm are much more than 10k routers with mining chips in many homes. One requires no extra security, and the other is a target

2) Centralized mining farms have to deal with excessive heat which requires cooling and elaborate ventilation costs while thousands of individuals with small miners can recycle the heat and not worry about excessive heat

3) The liability of fire and damage from failed cooling systems is large with a mining farm , vs almost no liability for millions of small utility miners

ect...
member
Activity: 115
Merit: 10

according to the figures I see bitcoin is down 9.67%in USD but only 6.76% in CNY. Is such a gap usual?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
member
Activity: 72
Merit: 10
Below $375, I am a buyer. Come on, make it happen!
legendary
Activity: 1639
Merit: 1006
You can't, so what we need is a open policy, no pool can exceed 5%. Then we need policemen to enforce that policy, how, DDOS attacks. Wild west baby, comply or get killed.

Problems -
A pool with 20% hashing power can be split in 4 , appoint separate managers in separate locations and have a single owner or company control all 4 pools through convoluted shell companies

or

4 pools of 5% collude together

Either way the better solution is to focus on getting users back into mining(there are natural incentives that can accomplish this) and to improve p2p pools

I love P2P pool, yes that is a great plan, but manufacturers are too greedy and want all of the profits. However, we should be DDOS every large miner constantly making it hell to scale as one entity. Make the cost of doing business as a large miner not worth it.... better to sell your miners to people and try and make money that way.
hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista
looks like Core devs have thrown Theymos under the bus....

They are starting to distance themselves from the bitcoin reddits....

And bitcoin.org will now be bitcoinco.re

That'd be great. But what makes you think so? (Besides there's bitcoinco.re now)

From what has been said to me on another forum.

And this reddit which hasn't been censored yet!!
legendary
Activity: 994
Merit: 1035
You can't, so what we need is a open policy, no pool can exceed 5%. Then we need policemen to enforce that policy, how, DDOS attacks. Wild west baby, comply or get killed.

Problems -
A pool with 20% hashing power can be split in 4 , appoint separate managers in separate locations and have a single owner or company control all 4 pools through convoluted shell companies

or

4 pools of 5% collude together

Either way the better solution is to focus on getting users back into mining(there are natural incentives that can accomplish this) and to improve p2p pools
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