Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29590.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: hmmmstrange on February 18, 2014, 12:12:59 AM

don't use mob tactics to force someone to follow your rules. All trade should be as free from 3rd party pressure.

wonderful polysemy there. by mob tactics do you mean to refer to la cosa nostra, or to market forces?

i'm finding it difficult to extract any argument against a certification program from your text, although one seems intended. perhaps you could clarify.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: hmmmstrange on February 18, 2014, 12:12:59 AM

I agree with the result but not with the path to get there. I would prefer to trade with the exchange that is the most transparent as i'm sure the majority would agree.

The problem I have is with standards based on coercion. Creating a body of power to force businesses to follow certain rules, stymies businesses to improve on the standards and eventually results in businesses becoming mediocre and complacent and no longer compete. The free market will naturally favor the best.

I was thinking of an international society with no other power than to write standards and grant "seals of approval" to exchanges that want to get them. There are many examples, like ISO, CIE, ANSI, W3C, NERC, ...

Some governments may make their standards mandatory or even delegate their enforcement to them (e.g. NERC in the US) , but the origanizations themselves are non-governamental.

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: keithers on February 17, 2014, 11:58:17 PM

I think we may be headed back towards some slow growth, bitcoin has withstood the latest barrage of bad news/bad press, and I think we will start seeing some slow appreciation again. I don't think it will be the meteoric rise we saw in Nov/Dec of last year, but it is a start...

By when are we gonna make a new all time high? Maybe by June-ish? The other problem is potentially more intense attacks from banks and governments when they really begin to see BTC as a thread... Many of those attacks would likely be behind the scenes... .. but there could be some direct attacks as well.. especially when BTC is being used to fund contrary forces...

xulescu

sr. member

Activity: 263

Merit: 250

Is finex down?

EDIT: Nope, just a fluke

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: aminorex on February 17, 2014, 11:56:13 PM

Choo (up) choo (down). I'm starting to feel rather masticated.

Half-fiat/half-btc or so, and it's good whatever happens.

hmmmstrange

hero member

Activity: 669

Merit: 500

Quote from: JorgeStolfi on February 17, 2014, 08:59:00 PM

Quote from: mellowyellow on February 17, 2014, 08:45:25 PM

https://www.change.org/en-GB/petitions/petition-to-remove-mark-karpeles-from-the-board-of-the-bitcoin-foundation

I don't think that the Bitcoin Foundation can or should be salvaged. Since the other board members haven't given any sign that they are displeased with Mark's actions at MtGOX, one cannot assume that they are better than him.

Besides, it is not clear whose interests the Foundation is supposed to represent: small investors, big investors, traders, exchange owners, developers, or people who just want bitcoin to be used for commerce?

Methinks that bitcoin owners should create an independent Bitcoin Investors Association, supported by fixed low fees and accepting no donations (so that it does not become a Bitcoin Whales Association). Its first priority should be to write a set of standards for exchanges (including transparent accounting), audit them, and certify them for compliance.

I agree with the result but not with the path to get there. I would prefer to trade with the exchange that is the most transparent as i'm sure the majority would agree.

The problem I have is with standards based on coercion. Creating a body of power to force businesses to follow certain rules, stymies businesses to improve on the standards and eventually results in businesses becoming mediocre and complacent and no longer compete. The free market will naturally favor the best.

I'm all for multiple "foundations" for inert bitcoin promotion but please don't use mob tactics to force someone to follow your rules. All trade should be as free from 3rd party pressure.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: JorgeStolfi on February 18, 2014, 12:02:04 AM

Quote from: HairyMaclairy on February 17, 2014, 11:54:08 PM

Relevantly Mr Nakamoto has not spent any of his premined coins. The day that happens you will have cause for complaint. Until then, no.

Is that for me? I did not complain of anything, someone just had asked "who has 1 million coins".

Maclairy was probably reacting to some hypothetical interpretation of my tone causing one of his guard hairs to twitch.

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: kkaspar on February 17, 2014, 10:16:10 PM

Bitcoin source code doesn't bring anything new to the table, [...] innovative idea.

Do you even dictionary?

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: HairyMaclairy on February 17, 2014, 11:54:08 PM

Relevantly Mr Nakamoto has not spent any of his premined coins. The day that happens you will have cause for complaint. Until then, no.

Is that for me? I did not complain of anything, someone just had asked "who has 1 million coins".

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: aminorex on February 17, 2014, 11:51:35 PM

"Pre-mined" is a term of art signifying that coins were generated before the general public could participate. Pre-mining is generally regarded as a scam, and pre-mined coins as scam coins. To use that word with regard to Saint Nakamoto is gross sacrelege. Rather say "previously mined" or better yet "mined by early adopters" (because being an early adopter implies that any privileges were merited by your foresight, or because you were one of the Chosen).

Oops, thanks!

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

I think we may be headed back towards some slow growth, bitcoin has withstood the latest barrage of bad news/bad press, and I think we will start seeing some slow appreciation again. I don't think it will be the meteoric rise we saw in Nov/Dec of last year, but it is a start...

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Choo (up) choo (down). I'm starting to feel rather masticated.

HairyMaclairy

legendary

Activity: 1442

Merit: 2282

Degenerate bull hatter & Bitcoin monotheist

Relevantly Mr Nakamoto has not spent any of his premined coins. The day that happens you will have cause for complaint. Until then, no.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: JorgeStolfi on February 17, 2014, 11:45:57 PM

Quote from: bassclef on February 17, 2014, 09:46:14 PM

Quote from: JorgeStolfi on February 17, 2014, 09:37:23 PM

Net says that Satoshi owns 1 M pre-mined BTC, perhaps other "founding fathers" too? Although of course they are not "known people".

Bitcoins are pre-mined now, Mr Stanford educated computer scientist? Get thee to the developer forum, go!

I am sorry, which word should I have used?

"Pre-mined" is a term of art signifying that coins were generated before the general public could participate. Pre-mining is generally regarded as a scam, and pre-mined coins as scam coins. To use that word with regard to Saint Nakamoto is gross sacrelege. Rather say "previously mined" or better yet "mined by early adopters" (because being an early adopter implies that any privileges were merited by your foresight, or because you were one of the Chosen).

The likelihood is that private keys of that vintage are no longer extant. Most of those coins have never been touched. They are still in their original reward.

KeyserSoze

hero member

Activity: 560

Merit: 500

Quote from: creekbore on February 17, 2014, 10:04:11 PM

Keyser/Bill, You're a sensible sort. What do you think of Jorge's proposal?

I wouldn't rely on me for sense. I just call bullshit when I see it. It makes me a bit of a contrarian because the world is 87.08% bullshit. That includes Jorge's proposal for an Investment Club which sounds more like the birth cry of a brand spanking new scam. But such a thing could never happen here, of course.

Quote from: creekbore on February 17, 2014, 10:04:11 PM

... I'm a bit crook today (that's Australian for sick).

i find this kind of stuff neato. Thx for sharing!

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

WALL DOWN, WALL DOWN! aLERT ALERT!

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: bassclef on February 17, 2014, 09:46:14 PM

Quote from: JorgeStolfi on February 17, 2014, 09:37:23 PM

Net says that Satoshi owns 1 M pre-mined BTC, perhaps other "founding fathers" too? Although of course they are not "known people".

Bitcoins are pre-mined now, Mr Stanford educated computer scientist? Get thee to the developer forum, go!

I am sorry, which word should I have used?

creekbore

full member

Activity: 210

Merit: 100

Lazy, cynical and insolent since 1968

Looks like just another day to me...we creep up on low volume, then the US wakes up and we scuttle back down.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: adamstgBit on February 17, 2014, 11:21:13 PM

you guys can stop the rally, i'm log off again, bears feel free to kept telling us about how bitcoin is on the verge of total collapse.

Total??

I thought we were told that it was only supposed to go down to single or double digits. Some bears just aren't pessimistic enough. Must be a bunch of Pollyanna goody-two-shoes optimists who don't realize how rotten life is. Over a buck a coin is obviously way too optimistic. If you really hate your parents, teachers, and life, you'll realize that 10 cents per coin is excessive and this pyramid Ponzi scam is about to implode, taking your hard-earned allowance with it.

Trade for Dogecoins while you still can.

Wink

NWOreptilian

newbie

Activity: 20

Merit: 0

I'm starting to think that perhaps returning withdrawals will bolster consumer confidence instead of haze it and create a massive buying spree rather than a selling spree.

Of course we also have to consider moving cheap coin from shitgox to another exchange to sell on the cheap will bring down the price

TBH i can't read this trend. not 8 hours ago I was going to suck up my fail purchase and get "prepared" to rebuy on the low. Now I'm strangely comfortable with it...well only because of this slow price increase

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