LOL
Children little - "the sky is falling" this cracked me up.
Children little - "the sky is falling" this cracked me up.
Chill out, grandpa
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32059. (Read 26471784 times)
October 25, 2013, 12:39:29 PM
Chill out, grandpa
October 25, 2013, 12:37:03 PM
When others panic and sell at the bottom is when it's time to go long. Already scooped up 2 more BTC from profit during this panic. 
Finger on the trigger.
Finger on the trigger.
October 25, 2013, 12:30:37 PM
It feels like it's crashing, thats cuz they want you to sell. We all know they want all the coins and a high price / coin, I have no doubt they will achieve this. but they won't get my coins! my hand is strong i'm not folding, are you folding? why!!!
yes their is a conspiracy to get control of all our coins.
they hope that you cash them out to pay their debt.
encrypt your ass and refuse to pay!
yes their is a conspiracy to get control of all our coins.
they hope that you cash them out to pay their debt.
encrypt your ass and refuse to pay!
October 25, 2013, 12:23:16 PM
Keep it crypto, dude. Type out your predictions, hash the message and post the hash here.
...I don't even understand Bitcoin. I only trade it.
LOL
Children little - "the sky is falling" this cracked me up.
October 25, 2013, 12:23:00 PM
I meant something like this:
Like a service that holds a wallet of bitcoin, allowing people to purchase bitcoins to immediately buy an item on the internet (this would be a service performed by the company itself). The trick is the customers wouldn't have to hold bitcoin, all they do is deposit money and order their stuff through the website. They would offer a variety of ways to deposit money, the difference is people wouldn't have to deal with the merchant selling the item or the inherent risks of bitcoin. The company itself wouldn't have to pay many fees because of the fact they work with bitcoin.
Merchants accepting payments in bitcoin from this company would have eliminated the need to subscribe to payment processors themselves. They can funnel the bitcoins through some exchange or some other service (like coinbase or bitpay with instant payout) the moment it hits their wallet. Truly frictionless buying/selling for both customers and merchants. The need for merchants to get payment processors like visa or mastercard would be eliminated. Ease of buying for the customer (not having to deal with different payment processors, fees or making several accounts on every website you buy something) and ease of selling for the merchants. The customer wouldn't even have to know they just dealt with bitcoin.
I know we have services already like bitsumo and bitspend (well we used to anyway), but they don't factor in the company selling the items. This would also eliminate paypal and their fee scheme, both for customers (exchange rate fees and transferring money fees) and merchants.
Like a service that holds a wallet of bitcoin, allowing people to purchase bitcoins to immediately buy an item on the internet (this would be a service performed by the company itself). The trick is the customers wouldn't have to hold bitcoin, all they do is deposit money and order their stuff through the website. They would offer a variety of ways to deposit money, the difference is people wouldn't have to deal with the merchant selling the item or the inherent risks of bitcoin. The company itself wouldn't have to pay many fees because of the fact they work with bitcoin.
Merchants accepting payments in bitcoin from this company would have eliminated the need to subscribe to payment processors themselves. They can funnel the bitcoins through some exchange or some other service (like coinbase or bitpay with instant payout) the moment it hits their wallet. Truly frictionless buying/selling for both customers and merchants. The need for merchants to get payment processors like visa or mastercard would be eliminated. Ease of buying for the customer (not having to deal with different payment processors, fees or making several accounts on every website you buy something) and ease of selling for the merchants. The customer wouldn't even have to know they just dealt with bitcoin.
I know we have services already like bitsumo and bitspend (well we used to anyway), but they don't factor in the company selling the items. This would also eliminate paypal and their fee scheme, both for customers (exchange rate fees and transferring money fees) and merchants.
Two problems I see. In the first paragraph, you have destroyed a lot of the value of bitcoin. If you trust another service with your money, you may as well have filthy fiat. In the second paragraph, filtering to exchanges is not good for the Bitcoin economy. Better to keep it circulating (though this is not a good argument against implementing such a scheme).
I was thinking more of a service that would act as a payment processor for merchants, handling the billing functions and the (slightly complicated) attaching of payments to purchases and the multiple public keys required to do so reliably then funneling the payment into the merchants wallet (with optional escrow).
October 25, 2013, 12:22:21 PM
Weak hand capitulation continues. A nice handle forms... 
October 25, 2013, 12:19:14 PM
When will someone make a service that will truly revolutionize the way we use bitcoin? An app/webservice that would oversimplify the use of bitcoin, making it accessible to the common folk who don't want to spend time getting to know bitcoin. Also something that would mitigate the exchange risk/confirmations duration problem.
This is why I'm not a believer in the recent "mass adoption" rants. Bitcoin is still a bitch to get involved in for the computer illiterate and average Joe.
Who's talking mass adoption right now? The recent volley of good news only means relatively greater adoption than before, therefore relatively higher prices.
i think for the disruptive effect btc is representing for the current status quo of financial and economical system she's doing quite good.
Big companies not supporting because they profit much more from current system and already have a plan in their drawer for starting their own currencies in the future. (Apple, Amazon etc)
global community has to do it on their own. (if btc-code would have been patented instead of open source, we wouldn't have heard for decades about it)
October 25, 2013, 12:17:38 PM
If you use Microsoft Windows. They have a free tool for it here, along with some instructions.
http://support.microsoft.com/kb/841290
Download FCIV, then run
FCIV -md5 -sha1 (path/filename)
If you post the hash (the result of running the FCIV program on the text file in which you write your prediction) then you can prove that the prediction is unchanged later when you choose to reveal what it was because people can check the hash and see that it was the same then as now.
http://support.microsoft.com/kb/841290
Download FCIV, then run
FCIV -md5 -sha1 (path/filename)
If you post the hash (the result of running the FCIV program on the text file in which you write your prediction) then you can prove that the prediction is unchanged later when you choose to reveal what it was because people can check the hash and see that it was the same then as now.
Isn't Sha1 already cracked / broken / compromised?
It is secure enough for this. The chances of a non-technical person creating two files that can collide their hashes is not high.
But if you want to be even more provably truthful about your having made the prediction you can use sha256 if you like:
Code:
C:\Users\loozik>copy con prediction
bottom is 160^Z
1 file(s) copied.
C:\Users\loozik>type prediction
bottom is 160
C:\Users\loozik>FCIV -md5 -sha256 prediction
//
// File Checksum Integrity Verifier version 2.05.
//
8b504cd67b545ff72c1ca99c9e17e04d prediction
C:\Users\loozik>
bottom is 160^Z
1 file(s) copied.
C:\Users\loozik>type prediction
bottom is 160
C:\Users\loozik>FCIV -md5 -sha256 prediction
//
// File Checksum Integrity Verifier version 2.05.
//
8b504cd67b545ff72c1ca99c9e17e04d prediction
C:\Users\loozik>
Then you can just post the hash: 8b504cd67b545ff72c1ca99c9e17e04d
And then later when you reveal the contents of the prediction file, we can all see that it was what it was when you made it.
October 25, 2013, 12:14:28 PM
I saw linux installed on a computer once in my life. md5sum ??
Something simpler please
Something simpler please
http://www.pc-tools.net/win32/md5sums/
I will get it checked by my IT buddy.
I will post the bottom prediction (date and price) hash maybe a quarter / month /week before.
October 25, 2013, 12:12:57 PM
I meant something like this:
Like a service that holds a wallet of bitcoin, allowing people to purchase bitcoins to immediately buy an item on the internet (this would be a service performed by the company itself). The trick is the customers wouldn't have to hold bitcoin, all they do is deposit money and order their stuff through the website. They would offer a variety of ways to deposit money, the difference is people wouldn't have to deal with the merchant selling the item or the inherent risks of bitcoin. The company itself wouldn't have to pay many fees because of the fact they work with bitcoin.
Merchants accepting payments in bitcoin from this company would have eliminated the need to subscribe to payment processors themselves. They can funnel the bitcoins through some exchange or some other service (like coinbase or bitpay with instant payout) the moment it hits their wallet. Truly frictionless buying/selling for both customers and merchants. The need for merchants to get payment processors like visa or mastercard would be eliminated. Ease of buying for the customer (not having to deal with different payment processors, fees or making several accounts on every website you buy something) and ease of selling for the merchants. The customer wouldn't even have to know they just dealt with bitcoin.
I know we have services already like bitsumo and bitspend (well we used to anyway), but they don't factor in the company selling the items. This would also eliminate paypal and their fee scheme, both for customers (exchange rate fees and transferring money fees) and merchants.
Like a service that holds a wallet of bitcoin, allowing people to purchase bitcoins to immediately buy an item on the internet (this would be a service performed by the company itself). The trick is the customers wouldn't have to hold bitcoin, all they do is deposit money and order their stuff through the website. They would offer a variety of ways to deposit money, the difference is people wouldn't have to deal with the merchant selling the item or the inherent risks of bitcoin. The company itself wouldn't have to pay many fees because of the fact they work with bitcoin.
Merchants accepting payments in bitcoin from this company would have eliminated the need to subscribe to payment processors themselves. They can funnel the bitcoins through some exchange or some other service (like coinbase or bitpay with instant payout) the moment it hits their wallet. Truly frictionless buying/selling for both customers and merchants. The need for merchants to get payment processors like visa or mastercard would be eliminated. Ease of buying for the customer (not having to deal with different payment processors, fees or making several accounts on every website you buy something) and ease of selling for the merchants. The customer wouldn't even have to know they just dealt with bitcoin.
I know we have services already like bitsumo and bitspend (well we used to anyway), but they don't factor in the company selling the items. This would also eliminate paypal and their fee scheme, both for customers (exchange rate fees and transferring money fees) and merchants.
October 25, 2013, 12:11:16 PM
I saw linux installed on a computer once in my life. md5sum ??
Something simpler please
Something simpler please
http://www.pc-tools.net/win32/md5sums/
October 25, 2013, 12:10:05 PM
No one has built even, say, an iphone app that lets you send bitcoin to friends with the "scary stuff" running in the background (interfacing w/ public keys, etc.).
I don't know about iphone but Android has had BitcoinSpinner for a long time and the developers have something even newer out there.
October 25, 2013, 12:09:24 PM
If you use Microsoft Windows. They have a free tool for it here, along with some instructions.
http://support.microsoft.com/kb/841290
Download FCIV, then run
FCIV -md5 -sha1 (path/filename)
If you post the hash (the result of running the FCIV program on the text file in which you write your prediction) then you can prove that the prediction is unchanged later when you choose to reveal what it was because people can check the hash and see that it was the same then as now.
http://support.microsoft.com/kb/841290
Download FCIV, then run
FCIV -md5 -sha1 (path/filename)
If you post the hash (the result of running the FCIV program on the text file in which you write your prediction) then you can prove that the prediction is unchanged later when you choose to reveal what it was because people can check the hash and see that it was the same then as now.
Isn't Sha1 already cracked / broken / compromised?
October 25, 2013, 12:08:23 PM
It's not even really crypto that's needed. Here's how it could be done in Linux
Code:
$ echo To Da Moon >prediction.txt
$ md5sum prediction.txt
16c02065ecdd742048d78181dbbeae8d prediction.txt
Then just post the md5.$ md5sum prediction.txt
16c02065ecdd742048d78181dbbeae8d prediction.txt
I saw linux installed on a computer once in my life. md5sum ??
Something simpler please
Simpler than two lines? Unpossible!
October 25, 2013, 12:01:45 PM
October 25, 2013, 12:00:30 PM
I've heard Bitcoin related to Linux. Nerd only at the beginning but people have slowly increased it's usability and simplified it over time so that it's now a usable O/S by many non-nerds. I really hope Bitcoin doesn't take that long to reach masses with ease of use.
October 25, 2013, 12:00:21 PM
Since the Bitstamp API is broken, here's the Bitstamp info as of 20 seconds ago.
October 25, 2013, 11:59:28 AM
October 25, 2013, 11:56:09 AM
When will someone make a service that will truly revolutionize the way we use bitcoin? An app/webservice that would oversimplify the use of bitcoin, making it accessible to the common folk who don't want to spend time getting to know bitcoin. Also something that would mitigate the exchange risk/confirmations duration problem.
It's pretty depressing how slow innovation has been in this regard. 5 years later and user friendliness is still a lonnnnnng way off. No one has built even, say, an iphone app that lets you send bitcoin to friends with the "scary stuff" running in the background (interfacing w/ public keys, etc.). Normal people don't give a shit about interfacing with public/private keys. They want to click on a picture of their friend and send them bitcoins. This blows people minds in computer science that everyone isn't "technical minded".
In fact, the closest thing so far to being user friendly and "non scary" is probably Coinbase. Anything else I'd be afraid of recommending to a non-nerd. Seriously... would you send your grandma to blockchain.info?? lol
Just wait for Trezor. Because if you make it look cute and easy through a fancy app, all that'll happen is thousands of lost bitcoins and PR debacle. Things will happen in their due course, each stage happening when it is ready to happen.
October 25, 2013, 11:55:35 AM
Awesome, when can we expect it to release?
Q2 of next year, probably.Jump to: