Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27194. (Read 26710020 times)

legendary
Activity: 1512
Merit: 1000
@theshmadz


Worst a 51% attack could do is halt confirmations of all transactions until the hashrate drops. Not really a problem.

that's still a dos attack, and that's still a problem

until the hashrate drops or like within 10 minutes.

I'm not sure I understand, if the hashrate drops significantly, it could take longer than 2 weeks for it to adjust.

blocks would be very slow in the meantime,

it's still a denial of service attack.

is it not?
sr. member
Activity: 336
Merit: 250
Haha... It's running out of fuel  Grin
full member
Activity: 154
Merit: 100
BTC = FREEDOM IS OUR ONLY HOPE!
such action


i'm going to buy all 17million in silk road coins inna couple days have you seen smoothie around?lol  Cheesy weeee
full member
Activity: 238
Merit: 100


Worst a 51% attack could do is halt confirmations of all transactions until the hashrate drops. Not really a problem.

that's still a dos attack, and that's still a problem

until the hashrate drops or like within 10 minutes.
legendary
Activity: 1512
Merit: 1000
@theshmadz


Worst a 51% attack could do is halt confirmations of all transactions until the hashrate drops. Not really a problem.

that's still a dos attack, and that's still a problem

also withholding blocks, to manipulate the perceived hashrate and effectively attack other mining pools, is a problem
full member
Activity: 238
Merit: 100
the double bottom is in
we are way over sold because of FUD 30K BTC is not going to kill bitcoin
all you fools that are manipulated by market depth are about to get schooled

I feel like the drop was mainly due to 51% attack fear.

I wish someone would just attempt a real 51% attack already and prove how futile or destructive it is.

seriously, if it's such a big problem, then how can you ever trust the blockchain with your life savings? until it is tried, and defended against, it will always be a potential "deal-breaker" for bitcoin. kinda like the fork that happened a while ago. (that moment is also the reason I'm still mining at btcguild, even though we're getting crushed right now) - but I am thinking of creating a ghash.io account and pointing my negligible hashrate over there just so we can see what happens...

If there is anything that can break bitcoin, it is better to get it out of the way now, better than later...

Worst a 51% attack could do is halt confirmations of all transactions until the hashrate drops. Not really a problem.
legendary
Activity: 1512
Merit: 1000
@theshmadz
the double bottom is in
we are way over sold because of FUD 30K BTC is not going to kill bitcoin
all you fools that are manipulated by market depth are about to get schooled

I feel like the drop was mainly due to 51% attack fear.

I wish someone would just attempt a real 51% attack already and prove how futile or destructive it is.

seriously, if it's such a big problem, then how can you ever trust the blockchain with your life savings? until it is tried, and defended against, it will always be a potential "deal-breaker" for bitcoin. kinda like the fork that happened a while ago. (that moment is also the reason I'm still mining at btcguild, even though we're getting crushed right now) - but I am thinking of creating a ghash.io account and pointing my negligible hashrate over there just so we can see what happens...

If there is anything that can break bitcoin, it is better to get it out of the way now, better than later...
full member
Activity: 238
Merit: 100
the double bottom is in
we are way over sold because of FUD 30K BTC is not going to kill bitcoin
all you fools that are manipulated by market depth are about to get schooled

I feel like the drop was mainly due to 51% attack fear.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
the double bottom is in
we are way over sold because of FUD 30K BTC is not going to kill bitcoin
all you fools that are manipulated by market depth are about to get schooled
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
This price is gonna last until the SR auction. Probably. So that whales can get cheaper coins.

2 weeks of sideways

that would suck



Maybe not sideways, maybe lower.

nonsense, we'll be back over 600 b4 i goto bed....


I would consider any BTC prices between $570 and $610 to be sideways, and I have my doubts about whether the SR auction is THAT BIG of a deal.

Some people are suggesting "screw the government" and let's keep the prices for the BTC low, yet I am thinking the direct opposite.  The govt can print as much money as it wants, so a measly 18 million or even 30 million is chicken feed to it.  On the other hand, those BTC were gotten for free, and people who buy them are really getting stolen property.. b/c those coins should have been in the rightful hands of various customers who were buying and selling through SR services.... Anyhow, any purchaser should be forced to pay premium for those coins... accordingly, it would be nice to see a doubling or tripling of the BTC price before the end of the month in order that the buyer(s) will have to pay a premium price for those ill-gotten BTC. 

Probably, I am being a little unrealistic in my hope for BTC prices to go up in the coming two weeks, b/c I am anticipating that BTC prices may NOT move too much in that period of time.. merely b/c this news seems to cause a certain amount of uncertainty regarding the direction of BTC.





legendary
Activity: 1512
Merit: 1000
@theshmadz
In the meantime..




congratulations, I hate spainish football, so defensive and boring.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
<4 hours till price is above 600

get your ticket to the moon at BearStamps because its cheapest!
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
This price is gonna last until the SR auction. Probably. So that whales can get cheaper coins.

2 weeks of sideways

that would suck



Maybe not sideways, maybe lower.

nonsense, we'll be back over 600 b4 i goto bed....

When's your bedtime? I'll be off in half an hour.
in 4 hours
hero member
Activity: 812
Merit: 587
Space Lord
This price is gonna last until the SR auction. Probably. So that whales can get cheaper coins.

2 weeks of sideways

that would suck



Maybe not sideways, maybe lower.

nonsense, we'll be back over 600 b4 i goto bed....

When's your bedtime? I'll be off in half an hour.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
This price is gonna last until the SR auction. Probably. So that whales can get cheaper coins.

2 weeks of sideways

that would suck



Maybe not sideways, maybe lower.

nonsense, we'll be back over 600 b4 i goto bed....
hero member
Activity: 812
Merit: 587
Space Lord
This price is gonna last until the SR auction. Probably. So that whales can get cheaper coins.

2 weeks of sideways

that would suck



Maybe not sideways, maybe lower.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
This price is gonna last until the SR auction. Probably. So that whales can get cheaper coins.

2 weeks of sideways

that would suck

hero member
Activity: 812
Merit: 587
Space Lord
This price is gonna last until the SR auction. Probably. So that whales can get cheaper coins.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
its worth noting that well over 30K coins have been dumped on the market in the past 24hour.

not sure why people think the FBI's coins are so scary

... because it is the US Government who is selling them.  Wink

The official FBI address still has all the BTC

https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
thats the coins they want to hodl
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