imminent choo choo.
monkey is sad about bitcoin this week.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27077. (Read 26710201 times)
June 23, 2014, 11:21:06 AM
monkey is sad about bitcoin this week.
June 23, 2014, 11:19:32 AM
Welp, we are back firmly under the $600 levels. Still have not been able to consistently stay above. Depending on how the auction goes...things could get interesting..
June 23, 2014, 11:12:16 AM
I do not think a 51% attack would mean the end. The pool would have to have a malicious intent. The people in the pool, probably would switch over to another pool (or the smaller pools could form together).
The 51% attack could only affect future blocks and not past blocks so, people could just stop using btc or blockchain could shut down until issue is resolved.
New modifications can prevent future attacks. I just do not see it as a serious threat. Does anyone agree with me on here (or am I missing something?)
I meant a 51% attack by a government.The 51% attack could only affect future blocks and not past blocks so, people could just stop using btc or blockchain could shut down until issue is resolved.
New modifications can prevent future attacks. I just do not see it as a serious threat. Does anyone agree with me on here (or am I missing something?)
From what I've read, it seems that a 51% attack can be detected pretty easily and dealt with when it happens, even without modifications to bitcoin to prevent it. What I haven't seen is what exactly is the procedure to deal with it when it happens. I think it is this uncertainty that has become an endless source of fear and doubt, because just having faith in the mining pools to act appropriately is not enough.
June 23, 2014, 11:11:31 AM
All I know is buying more back in the 330's looks so good right now 
I think that it would look good only if you were just beginning to invest in BTC or that you had recently sold your BTC investment to buy in at a lower price. Otherwise $330s would be seriously problematic for BTC and would delay what seems to be our upcoming, pending and seemingly imminent choo choo.
June 23, 2014, 11:09:52 AM
June 23, 2014, 11:09:13 AM
June 23, 2014, 11:00:52 AM
June 23, 2014, 10:45:08 AM
https://www.jpmorgan.com/ https://Ghash.io - Join us - High reward - Lots of fun
"To have failed in everything, always, out of a love of discouragement." aka Bitcoin 2014 - Emil Cioran
"To have failed in everything, always, out of a love of discouragement." aka Bitcoin 2014 - Emil Cioran
So, what project are you managing at JP Morgan? New JP Morgan coin? The conflict of interest here is amusing.
I am not allowed to disclose that right now. Let´s just say, when you´ll hear about it Bitcoin will already have been hit Nagasaki style.
It doesn't take much to figure out what JP is doing.
What's low is trolling to downplay BTC...
http://www.zerohedge.com/news/2013-12-10/chasing-bitcoin-jpm-preparing-unveil-its-own-electronic-currency
June 23, 2014, 10:41:40 AM
I do not think a 51% attack would mean the end. The pool would have to have a malicious intent. The people in the pool, probably would switch over to another pool (or the smaller pools could form together).
The 51% attack could only affect future blocks and not past blocks so, people could just stop using btc or blockchain could shut down until issue is resolved.
New modifications can prevent future attacks. I just do not see it as a serious threat. Does anyone agree with me on here (or am I missing something?)
I meant a 51% attack by a government. The 51% attack could only affect future blocks and not past blocks so, people could just stop using btc or blockchain could shut down until issue is resolved.
New modifications can prevent future attacks. I just do not see it as a serious threat. Does anyone agree with me on here (or am I missing something?)
June 23, 2014, 10:41:11 AM
Yeah, what do you mean, Tera?
Lol
Possibly Tera means that there is finally a green 1wk macd candle on Bitstamp. It was sort of confirmed with high volume. It is barely lit
It could be positive if we are dealing with macd obsessed whale Long time ago I remember Tera said that a green 1 wk macd could indicate that it is a good time to buy (or maybe build on a position?). I can't tell if that was a joke or not. Tera likes to be a bit cryptic sometimes. 
June 23, 2014, 10:40:35 AM
I do not think a 51% attack would mean the end. The pool would have to have a malicious intent. The people in the pool, probably would switch over to another pool (or the smaller pools could form together).
The 51% attack could only affect future blocks and not past blocks so, people could just stop using btc or blockchain could shut down until issue is resolved.
New modifications can prevent future attacks. I just do not see it as a serious threat. Does anyone agree with me on here (or am I missing something?)
The 51% attack could only affect future blocks and not past blocks so, people could just stop using btc or blockchain could shut down until issue is resolved.
New modifications can prevent future attacks. I just do not see it as a serious threat. Does anyone agree with me on here (or am I missing something?)
June 23, 2014, 10:36:56 AM
Only deposits via banks or payment processors are blocked. Withdrawals via banks are still working, and the exchanges have found alternative not-so-convenient deposit channels. But further restrictions are still possible.
Which means they can still ban it... Again... On the other hand, if they wanted to shut it down, wouldn't they have done it by now? It's been over six months!
*shakes head*
As time passes, bitcoin will become unstoppable. Only a major 51% attack could
I agree with your modification.
June 23, 2014, 10:35:47 AM
Only deposits via banks or payment processors are blocked. Withdrawals via banks are still working, and the exchanges have found alternative not-so-convenient deposit channels. But further restrictions are still possible.
Which means they can still ban it... Again... On the other hand, if they wanted to shut it down, wouldn't they have done it by now? It's been over six months!
*shakes head*
As time passes, bitcoin will become unstoppable. Only a major 51% attack could
June 23, 2014, 10:21:17 AM
Only deposits via banks or payment processors are blocked. Withdrawals via banks are still working, and the exchanges have found alternative not-so-convenient deposit channels. But further restrictions are still possible.
Which means they can still ban it... Again... On the other hand, if they wanted to shut it down, wouldn't they have done it by now? It's been over six months!
*shakes head*
As time passes, bitcoin will become unstoppable. Only a major 51% attack could block it.
June 23, 2014, 10:17:14 AM
Only deposits via banks or payment processors are blocked. Withdrawals via banks are still working, and the exchanges have found alternative not-so-convenient deposit channels. But further restrictions are still possible.
Which means they can still ban it... Again... On the other hand, if they wanted to shut it down, wouldn't they have done it by now? It's been over six months!
*shakes head*
June 23, 2014, 10:09:59 AM
Yeah, what do you mean, Tera?
Lol
June 23, 2014, 10:05:18 AM
Yeah, what do you mean, Tera?
June 23, 2014, 10:00:52 AM
June 23, 2014, 09:39:59 AM
Only deposits via banks or payment processors are blocked. Withdrawals via banks are still working, and the exchanges have found alternative not-so-convenient deposit channels. But further restrictions are still possible.
Which means they can still ban it... Again... On the other hand, if they wanted to shut it down, wouldn't they have done it by now? It's been over six months!
*shakes head*
June 23, 2014, 09:10:26 AM
China is so strange right now. Fiat transfers are supposed to be banned several times over now, so how would they even get yuan out of them if not via foreign accounts?
EDIT: (to clarify) ... Which should drive Stamp lower than Huobi, not the other way around which is what we've seen during last week.
Only deposits via banks or payment processors are blocked. Withdrawals via banks are still working, and the exchanges have found alternative not-so-convenient deposit channels. But further restrictions are still possible. EDIT: (to clarify) ... Which should drive Stamp lower than Huobi, not the other way around which is what we've seen during last week.
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