Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27203. (Read 26709943 times)
June 13, 2014, 09:43:51 AM
I hope we will break this downward short term trendline soon. That would be bullish!
June 13, 2014, 09:43:37 AM
Now Bitcoin isn't trustless anymore. That's unfortunate.
Yeah true, so much true now sodl and gtfo, go play with wow gold.Bitcoin cannot grow worldwide if its faith depend on the hypothetical good behavior of some human beings, the stakes are too high to afford to trust somebody.
So as I understand it from what you write the smart thing to do is to sodl nau and gtfo is that right?
Solution is to run away from ghash.io and not be to greedy for couple of extra bucks from theirs no fee and merged mining.
Ah yes u are right stupid me . People cant not be greedy LOL .
Damn this conversation should be in a philosophy text somewhere.
June 13, 2014, 09:39:02 AM
LMAO
The bitcoin info network was just 'digesting' the snack the Fed's offered in seized coin
(heh not sure how to tell but i'd bet China took more then 1 piece of the pizza (damn it!)
Searing
Yes, ... the 30K coins seem to be a test run, and the 144k coins will be a bigger deal... a bit more difficult to absorb
June 13, 2014, 09:38:50 AM
We should be much closer to $10 by now. Bitcoin makes no sense. 
I have been wondering exactly the same thing.
If this keeps up Bitcoin may get to a new all time high!
June 13, 2014, 09:35:12 AM
Now Bitcoin isn't trustless anymore. That's unfortunate.
Yeah true, so much true now sodl and gtfo, go play with wow gold.Bitcoin cannot grow worldwide if its faith depend on the hypothetical good behavior of some human beings, the stakes are too high to afford to trust somebody.
So as I understand it from what you write the smart thing to do is to sodl nau and gtfo is that right?
Solution is to run away from ghash.io and not be to greedy for couple of extra bucks from theirs no fee and merged mining.
Ah yes u are right stupid me . People cant not be greedy LOL .
Damn this conversation should be in a philosophy text somewhere.
June 13, 2014, 09:34:49 AM
He's just a troll looking for a reaction.... People usually have skin in the game if they post on threads like this one.
June 13, 2014, 09:26:27 AM
We should be much closer to $10 by now. Bitcoin makes no sense.
Why do you want bitcoin to fail?
hes just talking shit for giggles
And we're not?
June 13, 2014, 09:25:23 AM
We should be much closer to $10 by now. Bitcoin makes no sense.
Why do you want bitcoin to fail?
hes just talking shit for giggles
June 13, 2014, 09:22:35 AM
We should be much closer to $10 by now. Bitcoin makes no sense.
Why do you want bitcoin to fail?
June 13, 2014, 09:21:14 AM
Ghash.io is back to 45%. Hope it's a temp fix. It's still too much.
June 13, 2014, 09:19:50 AM
The limited buyer group tends to insure that auctions go below market.
Unless these coins are more valuable than others.
The bigger the buying audience, the better the auction pricing and closer to market.
The sheer price also reduces the market. 3000 at current prices is $1.8 million. And there's more than one package too so supply is fairly high. Some will likely go for not too far below market value but I expect a few to go for 40% or more discount. Though I wouldn't be shocked to see the whole lot go for really cheap.
this auction is a great entry point for large buyers without moving the market. try buying volume like this on an exchange without sending us to the moon.
I think the auction will end above market price but no where near where market price would be if that volume were bought on an exchange.
saying that, it depends if all the billionaires out there see it the same was a simpleton like myself
June 13, 2014, 09:17:39 AM
It's not possible to add some kind of Proof of Stake feature to solve this? It would solve also the declining number of full nodes, because there would be some reward for running full node via "minting" or "forging" or how they call it...?
June 13, 2014, 09:17:34 AM
The limited buyer group tends to insure that auctions go below market.
Unless these coins are more valuable than others.
The bigger the buying audience, the better the auction pricing and closer to market.
The sheer price also reduces the market. 3000 at current prices is $1.8 million. And there's more than one package too so supply is fairly high. Some will likely go for not too far below market value but I expect a few to go for 40% or more discount. Though I wouldn't be shocked to see the whole lot go for really cheap.
this auction is a great entry point for large buyers without moving the market. try buying volume like this on an exchange without sending us to the moon.
I think the auction will end above market price but no where near where market price would be if that volume were bought on an exchange.
June 13, 2014, 09:14:17 AM
Sorry if OT, but with all the mining pool discussions...
Greetings Eligius miners,
So, after some investigation over the past month or so, it turns out a couple of clients/addresses were involved in a “block withholding attack” against Eligius which has cost us an estimated 300 BTC, and likely miners of other pools as well. A block withholding attack is where a miner submits low difficulty shares but does not submit block solutions— so they appear to be working for the pool and continue to get paid while not actually doing useful work for the pool.
[...]
So, after some investigation over the past month or so, it turns out a couple of clients/addresses were involved in a “block withholding attack” against Eligius which has cost us an estimated 300 BTC, and likely miners of other pools as well. A block withholding attack is where a miner submits low difficulty shares but does not submit block solutions— so they appear to be working for the pool and continue to get paid while not actually doing useful work for the pool.
[...]
June 13, 2014, 09:12:29 AM
This is probably illegal in every possible jurisdiction.
Is it really? The exchanges aren't regulated by the financial authorities.Though even if it is, it's almost assuredly happening.
I think so, and if they're very evil (like some banksters) they could even frontrun the trades of their clients by some milliseconds when they find it profitable.
June 13, 2014, 09:07:40 AM
Is the ghash directly from people using cex. Those fees are crazy.
The insanity at CEX is a direct result of them not having effective competition because all their potential competitors are legally shut out of the market.As a result, you get a situation where people will pay 1 BTC to buy a fixed amount of hashing power with a net present value of 0.5 BTC, because apparently nobody buying mining shares at CEX has any fucking idea what they are doing (or if they do get it, they just don't care because they think there will be a greater fool they can sell to).
June 13, 2014, 09:07:25 AM
Its a psychological number, the main strength of bitcoin is to be a decentralized system, is now more and more concentrated by a single entity. It shall make headlines!
I honestly thought that miners, with all they have invested and have to have invested these days would not be so stupid as to let this come about. Maybe it's time to diversify a little.
People will mine at GHash.io, just like people will order hardware from bfl, there's always fresh meat.
June 13, 2014, 09:05:03 AM
Now Bitcoin isn't trustless anymore. That's unfortunate.
Yeah true, so much true now sodl and gtfo, go play with wow gold.Bitcoin cannot grow worldwide if its faith depend on the hypothetical good behavior of some human beings, the stakes are too high to afford to trust somebody.
So as I understand it from what you write the smart thing to do is to sodl nau and gtfo is that right?
Solution is to run away from ghash.io and not be to greedy for couple of extra bucks from theirs no fee and merged mining.
Ah yes u are right stupid me . People cant not be greedy LOL .
June 13, 2014, 09:04:52 AM
So where is the 51% attack?
June 13, 2014, 09:02:42 AM
No way they will sell at a 40% discount. That's an incredibly idiotic thing to say. No offense, but give me a freakin break.........
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