Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30160. (Read 26712953 times)
January 26, 2014, 02:59:47 PM
Wow, these guys sure have some artistic talent.
January 26, 2014, 02:59:18 PM
GOING DOWN LIKE TITANIC NOW
https://www.youtube.com/watch?v=DNyKDI9pn0Q
SHIT IS GOING DOWN DOWN DOWWWWWWWWNNNNNNNN YEEEHHHHHHHH
https://www.youtube.com/watch?v=DNyKDI9pn0Q
SHIT IS GOING DOWN DOWN DOWWWWWWWWNNNNNNNN YEEEHHHHHHHH
January 26, 2014, 02:57:51 PM
Mtgox dump down to 980. Looks like there's still faith in Mtgox after all! 
January 26, 2014, 02:54:35 PM
Just as expected, the market is crashing just as we get more confirmed bad news out of China.
This article is silly. Really it is.
better it's shit.
January 26, 2014, 02:52:54 PM
Just as expected, the market is crashing just as we get more confirmed bad news out of China.
This article is silly. Really it is.
January 26, 2014, 02:46:35 PM
Just as expected, the market is crashing just as we get more confirmed bad news out of China.
Is this news? Welcome to my ignore list!
January 26, 2014, 02:45:42 PM
Do you all think that prevalent use of a protocol such as colored coins could make each bitcoin even more rare and thus drive up price beyond the theoretical future valuations we have predicted?
no, loss of neutrality would be the end of bitcoin
http://www.youtube.com/watch?v=jy6XIBnThpY&feature=youtu.be
I don't think you understand colored coins. They are not part of the fluid money supply.
January 26, 2014, 02:43:25 PM
Just as expected, the market is crashing just as we get more confirmed bad news out of China.
January 26, 2014, 02:41:05 PM
Do you all think that prevalent use of a protocol such as colored coins could make each bitcoin even more rare and thus drive up price beyond the theoretical future valuations we have predicted?
no, loss of neutrality would be the end of bitcoin
http://www.youtube.com/watch?v=jy6XIBnThpY&feature=youtu.be
January 26, 2014, 02:02:45 PM
January 26, 2014, 02:01:40 PM
What price did Willy stop buying? Anyone know?
Didn't notice. A couple of hours ago. It is probably a badly programmed perl script that crashed. Wait for the operator to come to work monday morning. January 26, 2014, 01:56:45 PM
What price did Willy stop buying? Anyone know?
January 26, 2014, 01:49:15 PM
Thanks. My data was obsolete. It should really be considered a parameter of the universe physics, not a unit of currency. Gavin's number, or Gavin's constant.
January 26, 2014, 01:45:56 PM
It is the dust limit. Currently 5,430 satoshis.
January 26, 2014, 01:41:04 PM
I imagine that, as the value is in the asset associated with a coloured bitcoin, rather than the bitcoin itself, a Satoshi would function just as well as a bitcoin for that purpose, to merely place a record on the blockchain.
It would, if you could get it into the chain. But current software gives zero priority to transactions smaller than a gavin.
What's a gavin ?
You'll know when you're older
Denomination Name Legend
21000000 The Coinbase
10000000 Menger Carl Menger, founder of the Austrian School of Economics
1000000 Nakamoto possible number of BTC owned by SN
100000 Hayek Nobel prize for contribution to the Austrian Theory of the Business Cycle
10000 Pizza first Bitcoin transaction - 10000BTC for a couple of pizzas
1000 Mises In "Monetary Reconstruction" (1953) Ludwig von Mises argued for a fixed money supply
100 Milton Milton Friedman proposed replacing the FED with a computer
10 Murray Murray Rothbard argued for competing private currencies
1 Bitcoin
0.1 Finney Hal Finney created the first reusable proof of work system
0.01 bitcent
0.001 milicoin
0.0001 Chaum David Chaum - ecash
0.00001 Szabo Nick Szabo - bitgold
0.000001 microcoin
0.0000001 Gavin
0.00000001 Satoshi
January 26, 2014, 01:39:43 PM
I imagine that, as the value is in the asset associated with a coloured bitcoin, rather than the bitcoin itself, a Satoshi would function just as well as a bitcoin for that purpose, to merely place a record on the blockchain.
It would, if you could get it into the chain. But current software gives zero priority to transactions smaller than a gavin.
What's a gavin ?
242 satoshi, IIRC.
January 26, 2014, 01:25:32 PM
I imagine that, as the value is in the asset associated with a coloured bitcoin, rather than the bitcoin itself, a Satoshi would function just as well as a bitcoin for that purpose, to merely place a record on the blockchain.
It would, if you could get it into the chain. But current software gives zero priority to transactions smaller than a gavin.
What's a gavin ?
You'll know when you're older
January 26, 2014, 01:24:34 PM
Notice that the price is crashing, based on this analysis, which lines up nicely with other confirmed bad news. To summarize, all the data is pointing to a continuation of the downtrend, and a strong bullish case is forming for continuing with the maxleverage martingale SHOTR strategy. Thank you for your help and confirmation, ChartBuddy. You truly are a buddy.
January 26, 2014, 01:21:19 PM
I imagine that, as the value is in the asset associated with a coloured bitcoin, rather than the bitcoin itself, a Satoshi would function just as well as a bitcoin for that purpose, to merely place a record on the blockchain.
It would, if you could get it into the chain. But current software gives zero priority to transactions smaller than a gavin.
What's a gavin ?
January 26, 2014, 01:19:40 PM
I imagine that, as the value is in the asset associated with a coloured bitcoin, rather than the bitcoin itself, a Satoshi would function just as well as a bitcoin for that purpose, to merely place a record on the blockchain.
It would, if you could get it into the chain. But current software gives zero priority to transactions smaller than a gavin.
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