Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22165. (Read 26609692 times)

Hey bears, still borrowing bitcoins so you can sell them?

Blockchains, not that silly bitcoin, are the future. They are secured by Proof of Hand Waving (POHW).

Hey I heard on the news that Bitcoin was bad, but The Blockchain is amazeballs. Where do I buy Blockchains??

That was at $210

IDK i was taking a shit and missed it

What did $166 feel like?

feels more like the 2$ bottom

Coin
Explanation

3K btc borrowed by bears in the face of this rise. Margin longs don't seem to have played much of a role. Bid book looks primed for dumping on, but so far no takers. Let's see if it can break out of this mid term channel.

indeed.

Is it just me? Or does $250 in 2015 feel a lot like $5 in 2012?

"Even before this, David Chaum, an American cryptographer, had been investigating what it would take to create electronic cash. His views on money and privacy led him to believe that in order to do safe commerce, we would need a token money that would emulate physical coins and paper notes: specifically, the privacy feature of being able to safely pay someone hand-to-hand, and have that transaction complete safely and privately.

All of this interest and also the Netherlands’ historically feverish attitude to privacy probably had a lot to do with David Chaum’s decision to migrate to the Netherlands. When working in the late 1980s at CWI, a hotbed of cryptography and mathematics research in Amsterdam, he started DigiCash and proceeded to build his Internet money invention, employing amongst many others names that would later become famous: Stefan Brands, Niels Ferguson, Gary Howland, Marcel “BigMac” van der Peijl, Nick Szabo, and Bryce “Zooko” Wilcox-Ahearn.

The invention of blinded cash was extraordinary and it caused an unprecedented wave of press attention. Unfortunately, David Chaum and his company made some missteps, and fell foul of the central bank (De Nederlandsche Bank or DNB). The private compromise that they agreed to was that Digicash’s e-cash product would only be sold to banks. This accommodation then led the company on a merry dance attempting to field a viable digital cash through many banks, ending up eventually in bankruptcy in 1998. The amount of attention in the press brought very exciting deals to the table, with Microsoft, Deutsche Bank and others, but David Chaum was unable to use them to get to the next level. At one point Microsoft offered Chaum $180 million to put DigiCash on every Windows PC. But Chaum that it was not enough money, and the deal fell through, and Digicash ran out of money.

Second Wave – Web Based Money

On the coattails of Digicash there were hundreds of startups per year working on this space (ROFL @ the similarities), including my own efforts. In the mid 1990s, the attention switched from Europe to North America for two factors: the Netscape IPO had released a huge amount of VC interest, and also Europe had brought in the first regulatory clampdown on digital cash: the 1994 EU Report on Prepaid Cards, which morphed into a reaction against DigiCash.

Yet, the first great wave of cryptocurrencies spluttered and died, and was instead overtaken by a second wave of web-based monies. First Virtual was a first brief spurt of excitement, to be almost immediately replaced by PayPal which did more or less the same thing."

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Not the first time i'm reading this story, but now it makes much more sense.

Edit: Dgicash started in 1990 and died in 1998 (bankruptcy), because nobody gave a shit about it, other than some companies like Microsoft and Friends.

Grandpa Bitcoin is celebrating almost 7 years of existence and from what i see, it lives in the same obscure environment as Digicash.

Maybe you should start realizing that 7 Billion people really don't give a fart about cryptocurrencies.

My goodness, this thread is becoming nothing but trolls and newbie sock puppet accounts.

Millions are being spent even as we speak, so hold tight!

I'm thinking unless the new site is up soon and fantastic, jumping ship becomes more and more attractive.

Those Jews with thermite!  How can we stop them?  What's to be done?!