Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21321. (Read 26714860 times)

I don't feel sorry for those weak hands. If you can't keep your BTC safe, sell with loss. People who realise this opportunity will gladly buy them coins and make huge profits on short term.

Three hundred dollars!

That is the definition of a weak hand.

For what its worth,,,,  Last night I was watching on the news an interview with a Greek retailer, his words essentially were: I wont get stuck in this situation again, and I am implementing a means to except crypto currency, so next time when they freeze and or limit withdrawals I can have access to money and my customers can pay me in crypto currency.

He didn't say bitcoin however.... but all roads lead to bitcoin  

I am assuming that once we pass the $300 mark things really start getting fun.  

I am a little frustrated today though.  My husband told me that his aunt, which decided to purchase a few coins at $650 a while ago, called yesterday and wanted to bail out and told him to sell them all (he was holding them for her because she seemed to have difficulty with computer security).  Really?  Right when the rally is just getting started?  Sigh.  Now is the time to buy or at least HODL!

Listen to some sexy music while we're waiting for Bitcoin to hit 300

-.-

The bitcoin protocol is a great advance towards an old computer ssience problem, and was a very interesting experiment in payment technology.  As a computer scientist, I could like that. 

But I wrote "was" because that experiment has been turned into something that is not nice at all.  Mainly, a huge pyramid scheme that is sucking millions of dollars every day from hundreds of thousands of ill-informed people, burning much of it in useless computations, and giving the rest to some smart and/or lucky people.  That scheme has ruined the experiment, by pumping up its value to 1000 x what it should have been, and centralizing mining into a handful (literally, 5) of companies.

Bitcoin could still go back to being a nice computing experiment, as it was in 2009, if the price crashed back to cents. It should do that eventually, because the investment pyramid cannot go on forever.  But now there is a new unexpected threat: Blockstream has taken control of the reference implementation (BitcoinCore) and intends to turn it into a channel for settlements among big entities, drive all person-to-person traffic off the bitcoin network, to offchain solutions like Coinbase, Circle, or the hypothetical Lightning Network.  To achieve that goal, they are refusing to make what should be a no-brainer maintenance fix (raising the block size limit) , spreading FUD about centralization, and trying to descredit Gavin and Mike Hearn.

So I am taking side in this dispute because it is a technical computer science question, and I cannot avoud giving my technical opinion about it.  Plus, I have this psychological problem about scammers and cheats -- and I feel that the Blockstream guys are getting pretty close to that...