All posts made by belmonty in Bitcointalk.org's Wall Observer thread
1.
Post 9545935 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_13.31h):
The price has been flatlining for a while today.
I wonder if we'll go up or down by tomorrow morning (GMT)
Judging by bitcoin's past performance if it flatlines for a couple of months it probably means it's going to the moon afterwards.
2.
Post 9546413 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_13.32h):
'Dem Chinese' be waking up soon to buy, buy, buy.
When is the peak Chinese trading time according to the bitcointalk clock?
3.
Post 9546799 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_13.32h):
The movements have dried up. It is now going to resolve one way or the other. I think it will go downwards but not confident to actually trade on it.
Downward probably, as that is the safe bet. No one knows if we left the bear market yet, and without any serious good news or extremely high volume to sustain another rally people will get out again.
The fact that bank deposits will soon no longer be considered money but paper investments might make a big difference in the long term. I don't know about the short term though.
http://www.economicpolicyjournal.com/2014/11/warning-bank-deposits-will-soon-no.htmlThis weekend the G20 nations will convene in Brisbane, Australia to conclude a week of Asian festivities that began in Beijing for the developed countries and major economies. And on Sunday, the biggest deal of the week will be made as the G20 will formally announce new banking rules that are expected to send shock waves to anyone holding a checking, savings, or money market account in a financial institution.
On Nov. 16, the G20 will implement a new policy that makes bank deposits on par with paper investments, subjecting account holders to declines that one might experience from holding a stock or other security when the next financial banking crisis occurs. Additionally, all member nations of the G20 will immediately submit and pass legislation that will fulfill this program, creating a new paradigm where banks no longer recognize your deposits as money, but as liabilities and securitized capital owned and controlled by the bank or institution.
In essence, the Cyprus template of 2011 will be fully implemented in every major economy, and place bank depositors as the primary instrument of the next bailouts when the next crisis occurs...
4.
Post 9546821 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_13.32h):
The movements have dried up. It is now going to resolve one way or the other. I think it will go downwards but not confident to actually trade on it.
Downward probably, as that is the safe bet. No one knows if we left the bear market yet, and without any serious good news or extremely high volume to sustain another rally people will get out again.
The fact that bank deposits will soon no longer be considered money but paper investments might make a big difference in the long term. I don't know about the short term though.
http://www.economicpolicyjournal.com/2014/11/warning-bank-deposits-will-soon-no.htmlThis weekend the G20 nations will convene in Brisbane, Australia to conclude a week of Asian festivities that began in Beijing for the developed countries and major economies. And on Sunday, the biggest deal of the week will be made as the G20 will formally announce new banking rules that are expected to send shock waves to anyone holding a checking, savings, or money market account in a financial institution.
On Nov. 16, the G20 will implement a new policy that makes bank deposits on par with paper investments, subjecting account holders to declines that one might experience from holding a stock or other security when the next financial banking crisis occurs. Additionally, all member nations of the G20 will immediately submit and pass legislation that will fulfill this program, creating a new paradigm where banks no longer recognize your deposits as money, but as liabilities and securitized capital owned and controlled by the bank or institution.
In essence, the Cyprus template of 2011 will be fully implemented in every major economy, and place bank depositors as the primary instrument of the next bailouts when the next crisis occurs...
Is this fucking real? I'm on a mobile device right now, can people help me out with credible sources please
I have not researched it yet or checked out the link provided. It was posted in the alt section and there has not been much discussion about it yet. It's a big deal if it's true.
5.
Post 9547145 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_13.32h):
The movements have dried up. It is now going to resolve one way or the other. I think it will go downwards but not confident to actually trade on it.
Downward probably, as that is the safe bet. No one knows if we left the bear market yet, and without any serious good news or extremely high volume to sustain another rally people will get out again.
The fact that bank deposits will soon no longer be considered money but paper investments might make a big difference in the long term. I don't know about the short term though.
http://www.economicpolicyjournal.com/2014/11/warning-bank-deposits-will-soon-no.htmlThis weekend the G20 nations will convene in Brisbane, Australia to conclude a week of Asian festivities that began in Beijing for the developed countries and major economies. And on Sunday, the biggest deal of the week will be made as the G20 will formally announce new banking rules that are expected to send shock waves to anyone holding a checking, savings, or money market account in a financial institution.
On Nov. 16, the G20 will implement a new policy that makes bank deposits on par with paper investments, subjecting account holders to declines that one might experience from holding a stock or other security when the next financial banking crisis occurs. Additionally, all member nations of the G20 will immediately submit and pass legislation that will fulfill this program, creating a new paradigm where banks no longer recognize your deposits as money, but as liabilities and securitized capital owned and controlled by the bank or institution.
In essence, the Cyprus template of 2011 will be fully implemented in every major economy, and place bank depositors as the primary instrument of the next bailouts when the next crisis occurs...
Is this fucking real? I'm on a mobile device right now, can people help me out with credible sources please
I have not researched it yet or checked out the link provided. It was posted in the alt section and there has not been much discussion about it yet. It's a big deal if it's true.
Spain, Canada, and New Zealand passed legislation declaring bank deposits as unsecured credit, over a year ago. Not following it closely but i suspect others have followed suit over the last year.
I found these links about it but I'm not sure how reliable their content is.
http://www.zerohedge.com/news/2014-11-12/russell-napier-declares-november-16-2014-day-money-dieshttp://www.examiner.com/article/bank-deposits-will-soon-no-longer-be-considered-money-but-paper-investmentsThey say a TLAC proposal will be submitted to the 2015 G20 which proposes people with bank deposits over a certain limit can have them used to bail out failing banks in most developed countries.
I found this one official document that mentions the TLAC proposal, but I'm not sure if there is anything specific about people's bank deposits in there.
http://www.rba.gov.au/publications/fsr/2014/sep/pdf/dev-fin-sys-arch.pdf
6.
Post 9550642 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_13.32h):
What's up with ChartBuddy's charts? These are the prices I see at present.
7.
Post 10005882 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_13.42h):
That sideway movement makes me crazy. I want a bull run again
This sideways movement is making it frustratingly impossible to trade.
8.
Post 10195700 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_13.50h):
What price when we get some short squeezing? Only 150 closed so far.
More than 1k shorts already closed in last 4h
I think 235$ is the mark when the losses are going to get to high. For real short squeeze we need 260$ or more.
Anyone looking at that volume on finex? Crazy!
1w volume in finex and stamp should indicate that we sow the bottom.
Was the volume on the last low not enough to indicate a bottom to you?
9.
Post 11619126 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.17h):
The currency markets will become far more volatile than Bitcoin if Greece defaults. The Euro had one of its biggest ever crashes the last time Greece came close to defaulting. Most people price Bitcoin in Dollars but I expect a Euro crisis will have some sort of effect on it.
10.
Post 11718410 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.18h):
The only people with money left in China will be the people who sold stocks and shares to the investors who lost out yesterday. The majority of investors must have lost fortunes. They are unlikely to have much money left to invest in Bitcoin and they might have been put off investing because once burned, twice shy.
11.
Post 11911475 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.21h):
Back from the beach. Price flat. Longs/shorts not doing much.
Right off for a cycle.
Beach? Thought you were from Birmingham mate? Yeah price flatlining atm. Pretty dull but this is a long game, we're in this for years. No rush for huge price surges, sideways = still opportunity to keep accumulating. I'm going to a party in an hour or so. Bitcoin can take a back seat until tomorrow
In Greece going slowly brown
Have you sold any Bitcoins to Greeks through local Bitcoins yet? They were selling for way above the market rate last week but I haven't heard how much they are selling for since the Grexit fears subsided. Somebody from Greece quoted a very high figure last week and I'm interested in hearing if it's still the same.
12.
Post 12167611 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.23h):
so nothing is going to happen until 2016?
since I can't wait that long I couldn't help myself and just bought some more.
what can you do with these things anyway?
Someone mentioned "hodling" them for a year, and then selling them @ half price, but I don't get why anyone would want to do that. Why not just flush half of your money down the toilet? Or would it clog do you think?
My toilet is from 1927 although I have only been using it for 22 years during which time it has never clogged.
I was a bit late to the party so my avg price was $32. I was forced to sell some ~$600 and yes a year later they where half price when I bought them back and more as well. I have no idea what my avg is now.
Have you not had the modern "water saving toilet" experience yet then? Modern "water saving toilets" are designed with U-bends that are so small they are guaranteed to block if you try to flush so much as a small piece of toilet paper down them. Flushing half your money down them would be 100% guaranteed to block them.
Ironically unblocking them requires flushing them so many times that it uses more water than one flush of an old fashioned toilet. Official places like libraries that are supposed to be environmentally friendly are installing more and more "water saving toilets", so you will sooner or later encounter one and find yourself blocking it so badly you have to leave it blocked, then having to face a queue of irate people waiting outside.
13.
Post 12767837 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.28h):
It feels like the old days.
Major Alts are lagging like hell while Bitcoin (modestly) soars. A good sign, I would say.
What am I missing? I see Bitcoin at $276.
Soars?
For most of the past week the alts were mostly dropping in price while Bitcoin went up in price. It was almost as if people were dumping their alts to but Bitcoin, which was a nice turnaround. People usually dump Bitcoin to buy the latest flavor of the month alt that's being pumped.
14.
Post 12768198 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.28h):
For most of the past week the alts were mostly dropping in price while Bitcoin went up in price. It was almost as if people were dumping their alts to but Bitcoin, which was a nice turnaround. People usually dump Bitcoin to buy the latest flavor of the month alt that's being pumped.
With a couple of exceptions, altland looks increasingly like the complete and utter dead end many think it is. I don't think there's anywhere near the enthusiasm there was a couple of years ago.
I remember a couple of years ago the alt board was the most active one here and there were hundreds of new coins launched each week. Now it's a shadow of its former self and new coin launches have vastly been reduced. Hopefully it's no longer profitable to launch new alts based on cutting and pasting the Bitcoin code.
15.
Post 13119830 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.35h):
Has there been any news to go with this retracement? My guess is that there was too much optimism about a consenus on BIP 101 as the blocksize solution.
That's what I checked out this thread to find out. That kind of price drop is usually due to some news and this thread's the best place to find out about the latest thing. I can't find any links yet, but there will probably be links all over this thread that explain the drop in another hour.
edit
The post above me mentions Cybermonday, perhaps this is the post Cybermonday dump.
16.
Post 13120973 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.35h):
The huobi and okcoin volume spikes are out of chart. Fucking madness.
According to its charts OKcoin has traded more than 400 million Bitcoins today, and I thought there would only ever be 21 million. The OKcoin bots went haywire today with all the volatility. I still can't find a reason for this dump except maybe post cybermonday dumping, or the bots getting bored.
for bots 1 second is an eternity so they tend to get bored easily
I deleted that post after realizing it was only 400k Bitcoins on OKcoin, not 200 million. I don't usually look at the Chinese exchange charts and didn't realize I had it set to show milli Bitcoins until after I posted. After I changed the chart settings to show Bitcoins I realized it was only 400k Bitcoins on OKcoin.
17.
Post 13121032 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.35h):
Today in Bitcoin:
https://www.rt.com/business/324107-greece-banks-hackers-bitcoin/At least three Greek banks have been hit by cyber-attacks from a group of hackers demanding a bitcoin ransom. The group called Armada Collective threatened to disrupt the banks’ electronic transactions unless each paid a 20,000 bitcoin ($7 million) ransom.
Banks hit by hackers demanding BTC ---> banks forced to buy massive amounts of BTC ---> price skyrockets due to demand from banksters!
The rt story does say no banks responded to the attackers demands, and that they thwarted attacks over the weekend and on Monday by using extra computer resources. But it makes me wonder if the banks hadn't been buying Bitcoins as a contingency plan.
18.
Post 13250468 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.37h):
Didn't they write something last week saying Bitcoin's going to the moon?
They are probably butthurt because they published something saying that Australian scammer's Satoshi, then had to publish another story explaining he's not Satoshi and they were tricked.
Their revenge os probably this Bitcoin funds terrorism story.
19.
Post 13685604 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.42h):
Massive pumps in tons of alts. Doge +76%. Some others less known +117%. Someone has a theory to explain this move?.
This doge is soo shortable that im tempted...
Is it some hacker laundering massive quantities of stolen Bitcoins through altcoin trading? When I see obscure coins getting pumped like UnionCoin with $157,810 daily volume I often wonder if it's being used for laundering. Maybe they are genuinely being pumped, but you never know. I hope whoever's profiting from those altcoins doesn't sell their Bitcoin stash.
20.
Post 13685880 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.42h):
Is it some hacker laundering massive quantities of stolen Bitcoins through altcoin trading? When I see obscure coins getting pumped like UnionCoin with $157,810 daily volume I often wonder if it's being used for laundering. Maybe they are genuinely being pumped, but you never know. I hope whoever's profiting from those altcoins doesn't sell their Bitcoin stash.
It's happened plenty of times in the past too. It's often orchestrated by pump groups who then run away with vast profits. I can't see much has changed and if I was laundering I'd be using something dependable like LTC.
I was checking which exchanges had the most volume on coinmarketcap, and an exchange I have never noticed before called Jubi has the highest volume for some coins. BTC38 is the other high volume exchange today. If it's a pump group responsible it seems to be a Chinese group pumping mostly on Chinese exchanges. They must already have vast profits which could damage Bitcoin's price if they convert to fiat.
Infinitecoin
1 Jubi IFC/CNY $ 51,628 $ 0.000009 92.69 %
2 BTER IFC/CNY $ 3,168 $ 0.000009 5.69 %
3 Poloniex IFC/XMR $ 718 $ 0.000009 1.29 %
4 BTER IFC/LTC $ 187 $ 0.000009 0.34 %
Vertcoin
1 Jubi VTC/CNY $ 89,361 $ 0.043608 83.72 %
2 Poloniex VTC/BTC $ 9,199 $ 0.039420 8.62 %
3 Bittrex VTC/BTC $ 4,744 $ 0.039227 4.44 %
4 BTER VTC/CNY $ 2,787 $ 0.036467 2.61 %
5 BTER VTC/BTC $ 602 $ 0.039101 0.56 %
Dogecoin
1 BTC38 DOGE/CNY $ 2,699,170 $ 0.000369 63.06 %
2 Jubi DOGE/CNY $ 596,870 $ 0.000380 13.94 %
3 Poloniex DOGE/BTC $ 524,357 $ 0.000347 12.25 %
4 Bittrex DOGE/BTC $ 167,072 $ 0.000355 3.90 %
5 BTER DOGE/CNY $ 75,496 $ 0.000349 1.76 %
6 BTER DOGE/BTC $ 73,332 $ 0.000355 1.71 %
21.
Post 13804962 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.43h):
Christ....I remember when this thread was about walls, trading, speculation and general 'doom' or 'moon'...now its just page after page of people talking incomprehensible blockchain bollox and petty politics.
There has always been some sort of crisis threatening the very existence of BTC, get used to it.
So, all the bed-wetters getting worked up about this: you do realise there are entire sections of this site devoted to these topics. Perhaps you could all fuck off to those pages and stop boring everyone me to tears with your endless segwit, hardfork fuckwittery.
I hoped to find out a reason for the $6 price increase in this thread, and I hoped people would be discussing it. Instead I found a wall of posts about segwit combined with acronyms like hf and sf. Once upon a time people would have discussed whether the bottom of this dump was in, but now it's all block size debates.
22.
Post 13805550 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.43h):
Christ....I remember when this thread was about walls, trading, speculation and general 'doom' or 'moon'...now its just page after page of people talking incomprehensible blockchain bollox and petty politics.
There has always been some sort of crisis threatening the very existence of BTC, get used to it.
So, all the bed-wetters getting worked up about this: you do realise there are entire sections of this site devoted to these topics. Perhaps you could all fuck off to those pages and stop boring everyone me to tears with your endless segwit, hardfork fuckwittery.
I hoped to find out a reason for the $6 price increase in this thread, and I hoped people would be discussing it. Instead I found a wall of posts about segwit combined with acronyms like hf and sf. Once upon a time people would have discussed whether the bottom of this dump was in, but now it's all block size debates.
I like the convenience of finding all my Btc news in one thread. If i want to expand my understanding of any of it I can do so.
As to why Btc went up 1.5%? Noise, somebody bought a few Btc and it wasn't me. I am merely hodling until last year's tax burden is settled.
It's less than a quarter of an hour to go until Chinese New Year and I thought that might be influencing the price, but it seems it probably didn't now it's going back down to where it started. Most of the Chinese are probably partying too hard to consider trading Bitcoins or look at the charts.
23.
Post 14612297 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.49h):
Great fireworx going on huobi
BtcChina's getting some massive buys too. Seems like the Chinese are leading this bull run. The West has insignificant volume compared to China since its government started letting people deposit directly on exchanges from their bank accounts again.
24.
Post 14624516 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.49h):
I'm staying here, the activity on the other site is abysmal. Even if this forum is filled with shit topics or non-native English speakers, I couldn't be bothered to wait for long periods of time just to read something else.
That site, started and controlled by cypherdefendant, is an exercise in group narcissism and Core dev hatred. Half the posts over there are cut/pastes of reddit posts made by the forum poster themself - "look what I made!!!"
cypher doesn't run the site...
so he got mixed up in a mining operation that when BOOM and now he's in court because of it.... life's a bitch sometimes... wtv.
mostly he keeps to his thread anyway.
yes the forum is dominated by big blockers so what, why not make an account and add small blocker's perspective?
I just checked out that forum's homepage and found this Bitcoin price there.
Coinmarketcap says the average is $446.26 and the new forum is quoting Firebase's price of $416.28. Firebase should be fired and replaced with a believable average price ticker. $416.28 is way off.
25.
Post 14633731 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.49h):
Adams, could we have this poll please.
Bitcoin price at September would be ?
September is a long time away my old friend, let's predict more short term, maybe end of June - 500 USD?
My dear brother, I know it's a long time, but I asked for september exactly because it will be post-halving and most probably we will have fireworks
Oh ok I see. Well yes I'd like to see a few fireworks in September then
I'm 95% sure about this
I checked the charts for the last halving, it went up a bit then flatlined for a month or two afterwards. A few months later was when it started going up in price, then mooning. If history repeats itself then September sounds good for fireworks.
26.
Post 14729027 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.49h):
Just wow!
Wright again comes up again with another story that he is Satoshi, Gavin is supporting that and the price takes a dive.
Let's see how low we will go.
If it's sub 400 this could become ugly.
Gavin Andresen says he's seen proof from signed keys only Satoshi could have controlled. I'm sure we all want to check for ourselves rather than take his word for it. Can anyone post a link to some cryptographic proof that we can check for ourselves?
http://gavinandresen.ninja/satoshi
27.
Post 14729193 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.49h):
How retarded are you guys..
There is no reason for a btc drop, it doesnt matter if he is revealed. Imo its a good thing, now he can speak his mind over the block discussion.
If btc will nosedive it will rise till new hights very soon. Maybe this is the news that will be manipulated for a dump in to flash spike.
According to the bbc story the reason Craig Wright's house was raided by police was due to money he owes the Australian tax man. I can't remember the details, but if he owes a lot, he could dump a load of Bitcoins to pay the debt off if he really is Satoshi.
28.
Post 14729476 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.49h):
How retarded are you guys..
There is no reason for a btc drop, it doesnt matter if he is revealed. Imo its a good thing, now he can speak his mind over the block discussion.
If btc will nosedive it will rise till new hights very soon. Maybe this is the news that will be manipulated for a dump in to flash spike.
I don't think that various responders here are retarded.
You know we are also responding to new news, which in part is the market's reaction
...
The thing is Craig Wright's claim is backed up by Gavin Andresen this time. Gavin lost some of the credibility that he used to have, but he's still a heavy weight in the Bitcoin world. I don't think he would be easy to trick, but if he has been tricked he's going to be a laughing stock.
Gavin saying Craig Wright proved he's Satoshi to him carries a lot of weight. If Craig Wright really is Satoshi he can start selling Satoshi coins that would have been almost impossible to spend without revealing himself. That possibility can spark a dump from panicking holders.
29.
Post 14732376 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.49h):
Gavin has not posted anything to reddit in the past 10 days. Are there any recent posts by him anywhere else? Any OTHER posts where he confirms Craig's claim?
Gavin has now posted
a bit more information on redditApparently he verified the signature on a laptop provided by Craig, using software downloaded by Craig. And was not allowed to keep the laptop or the signed message.
Who can see what is wrong with that?
I managed to get a quick look at it, refreshed the page and got a 503 error. That reddit thread must be getting so many hits it's suffering worse than if it had been DDOSed. I will probably have to wait until next week before I get another chance to read that thread now!.
30.
Post 14733567 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.49h):
Craig Wright better buy us up back to $452 asap
Yeah right... I believe that even if he is not Satoshi, he now has more wealth in bitcoins than in fiat, so...
I know he was being investigated by the Australian VAT man, and coindesk said he told them his companies were worth $300m in market capitalisation backed through bitcoin. If he gets charged VAT on that $300m he'll have a whopping big bill to pay.
http://www.coindesk.com/australia-government-bitcoin-creator-craig-wright-tax-investigation/"The [ATO] team has been interviewing Mr Wright’s former business associates in Sydney about tax claims he made through businesses and as an individual, while the ATO has been questioning former associates on supposed deals done through Mr Wright’s network of companies that claim to have about $300m in market capitalisation backed through bitcoin."
31.
Post 14733767 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.49h):
So his only way out, if he doesn't have the bitcoins, is to say "I'm satoshi"... lol?
Yeah, funny. Lol. Did you know that Mr. Jon Matonis, @jonmatonis, Founding Director at Bitcoin Foundation, CEO of Hushmail, Columnist at Forbes, Chief Forex Dealer at VISA, Economist, has confirmed Dr. Wright to be the real Satoshi Nakomoto?
Not to mention that
Dr. Gavin Andresen, Chief Scientist of the Bitcoin Foundation, said at a conference today that he believes Craig Wright is Satoshi Nakamoto, the pseudonymous inventor of Bitcoin.
So how about you stop with the FUD, huh? No one's buying.
I don't think Gavin Andresen has a PhD doctorate degree, and if that's true he's not a doctor. His linkedin profile only lists a Bachelor's degree as his education. If he's got a PhD then he's Dr. Gavin Andresen, otherwise he's only Mr Gavin Andresen.
https://www.linkedin.com/in/gavin-andresen-6987971Education
Princeton University
Bachelor's
1984 – 1988
As for FUD we only want to see a signed message we can check for ourselves. We'll all believe it if we are given a signed message, otherwise most of us won't.
32.
Post 14734006 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.49h):
So his only way out, if he doesn't have the bitcoins, is to say "I'm satoshi"... lol?
Yeah, funny. Lol. Did you know that Mr. Jon Matonis, @jonmatonis, Founding Director at Bitcoin Foundation, CEO of Hushmail, Columnist at Forbes, Chief Forex Dealer at VISA, Economist, has confirmed Dr. Wright to be the real Satoshi Nakomoto?
Not to mention that Dr. Gavin Andresen, Chief Scientist of the Bitcoin Foundation, said at a conference today that he believes Craig Wright is Satoshi Nakamoto, the pseudonymous inventor of Bitcoin.
So how about you stop with the FUD, huh? No one's buying.
What FUD?
Wright shall prove it cryptographically to all of us. Open in the public. It's so easy if he really would be Satoshi.
But he isn't doing it! Why?
Furthermore the people here give a damn what Gavin Andresen or Jon Matonis say.And why? Because it doesn't matter.
This can be solved in a few minutes.Cryptographic prove and that's it. Or move one of the early mined coins. The story with the coins locked in a trust was just another story to fool us all.
+1
Gavin elaborated the "proof" he claims to have seen on gizmodo, but it all relies on his belief Craig Wright's computer had not been tampered with, and the Electrum software he used had not been tampered with.
http://gizmodo.com/gavin-andresen-i-was-not-hacked-and-i-believe-craig-w-1774226431Andreen said that he had privately witnessed Wright giving more thorough and convincing cryptographic proof of his identity than what had been offered in the blog post, a claim he also made earlier this morning on Reddit.
“He signed, in my presence, using the private key from block one—block number one, the very first mined Bitcoin block, on a computer I’m convinced had not been tampered with, on software that I’m convinced had not been tampered with, a message of my choosing. And so that kind of sealed the deal for me, convincing me that he does have that private key,” Andresen said. “My interactions with him feel like this is the inventor of Bitcoin.”
Bitcoin was invented a trustless. We don't want to have to trust Gavin's appraisal of whether Wright's computer had been tampered with, we want cryptographic proof we can check ourselves.
33.
Post 14734634 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.49h):
why would someone claim to be satoshi fully knowing he won't be able to prove it when the time comes
did he really think we'd take gavin's word " i verified his key " as irrefutable proof?
Adam, I have my own doubts about this use of indirect and flimsy evidence.. and it just seems so amazing that Gavin and Wright are conceiving the bitcoin community to be so gullible as to go along with this bullshit... You gotta wonder whether they sold some coins before they did this? (O.k. maybe I am going a bit far because short term profits are not necessarily in order for them still to have motivations to attempt to undermine bitcoin's current non XT and non Classic direction).
Surely, I can recognize and appreciate that the BTC market is going to react with some irrational exuberance, and accordingly, it could take some time to correct the market's downward movement on bad information; however, these lack of evidence claims gotta have an impact on Gavin's credibility.
I recall at one point within the last month or two that you (Adam) asserted that you "fully and completely" trust Gavin with leading the direction of bitcoin.
Are you have second thoughts about his credibility after this public display, drama and assertions based on a lack of evidence?The BBC has published a new story about our scepticism.
It quotes Gavin as saying:
"It is impossible to prove something like that 100%."
concerning the "proof" Wright showed him.
Bitcoin industry 'sceptical' of SatoshiIs he trying to cover his ass for if/when it gets out he got tricked?
Andreas M. Antonopoulos got invited to the "proof" part too, but turned it down because he was asked to sign a NDA. If Gavin signed one then what does it stop him talking about? How many of its clauses make him keep his mouth shut even if it turns out to be a scam?
See how Andreas M. Antonopoulos got contacted (
https://www.reddit.com/r/Bitcoin/comments/4hj1xu/why_i_declined_to_verify_sns_identity_two_weeks/ ) :
About two weeks ago I was contacted and asked to offer security advice for a project. I was asked to sign an NDA in order to discuss the project itself, something I am reluctant to do, in general. Once I received the NDA however, it became obvious that the project was related to verifying the identity of Satoshi Nakamoto. I immediately declined the offer, declined to participate and declined to sign the NDA.
I'm sure many people will think I was wrong to decline the "opportunity" to verify SN's identity. From my perspective, the request for me to verify his/her/their identity is in itself an appeal to authority. It is replacing public cryptographic proof with endorsement by a third party. If SN wants to "prove" their identity, they don't need an "authority" to do so. They can do it in a public, open manner. To ask people in the space who have a reputation to stake that reputation and vouch for SN's identity raises many red flags in my mind.
I don't know if Craig Wright is SN. I don't care and I don't want to know.
As I have expressed many times in the past, I think the identity of Satoshi Nakamoto does not matter. More importantly I think it serves to distract from the fact that bitcoin is not controlled by anyone and is not a system of Appeal-to-Authority. Identifying the creator only serves to feed the appeal-to-authority crowd, as if SN is some kind of infallible prophet, or has any say over bitcoin's future.
Identity and authority are distractions from a system of mathematical proof that does not require trust. This is not a telenovela. Bitcoin is a neutral framework of trust that can bring financial empowerment to billions of people. It works because it doesn't depend on any authority. Not even Satoshi's.
Back to work.
34.
Post 14736458 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.50h):
Whatever the reason(s) why Gavin believes in Wright might be, I don't believe in bad intentions. And he has (had) to handle more impressions and informations then the rest of us, also more subjective information (direct communication) etc. And the situation with Wright most likely was convincing.
With other words: I don't blame him for believing it. What I see as a mistake is that he (Gavin) wrote a blogpost. That was premature and I'm sure he regrets it.
No, it isn't just an example of a simple mistake , but gross negligence with extreme levels of credulity after a great amount of evidence discrediting Wright from last year, now more evidence from many different sources discrediting wright further with clear explanations on how and why Craig Wright is a likely fraud and at minimum lying with evidence provided.... and after all this Gavin still suggests he believes CW is Satoshi. This is far beyond any mistake , and raises some serious questions to either his competence or authenticity. Either way, both classic and core should permanently revoke his commit access.
I'll wait for the next days to see if G.A. distances himself from his post and gives further explanations.
...
I'll give it a few days until the dust settles too. If Wright hasn't signed a message by then Gavin's reputation will be destroyed.
Do you remember that guy who moved coins mined in 2009 last year, and we all thought he was Satoshi? He signed a message on reddit saying "It was me" to prove he controlled those coins, then denied he was Satoshi. I'd be more inclined to believe he was Satoshi than Wright unless Wright signs a message like him.
https://www.reddit.com/r/Bitcoin/comments/3ln77n/coinbases_from_feb_3_2009_just_moved_for_the/cv7pyrabtcthwy 30 points 7 months ago
"It was me 20/9/2015" IC8oSnQ+CNMhqDYu7hTQXb+kvrbu/r3EXjiLjLvFIsQuDlxUSqXWZj7TRiLcLnmT+ErjgjOr7dVRC/GB47IKYk0=
I want to be able to sign coinbase transactions (you must possess the private key to be able to transact), but is not an option in bitcoin-qt
[–]chinawat 19 points 7 months ago
Excellent. Verifies for me with address:
1HUidFPHZ7cJ6WYmR8nMPQCmmE3mbVKYjM
Congrats on being a true Bitcoin elder. Enjoy those satoshis!
35.
Post 14868984 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.50h):
Very very exciting news! It seems there will be many different Lightning Networks
yes its good that there will be at least 2 teams competing for the best second layer solution.
I'm still not sure i like second layers scaling, but at least there's a good chance this health competition results in a strong second layer.
Will thunder go from alpha to beta, then to release faster than it takes lightning to go to release? The one with the first mover advantage will probably win the competition. All the publicity I read was about lightning, and now it seems thunder might beat lightning to market.
36.
Post 15308013 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.54h):
Never feel quite as alive as during a big Bitcoin price change
I love it when the price collapses so fast Coinmarketcap can't keep up. Powerful.
I hate it when bitcoinity screws up so badly that it can't keep up with the price. I thought Huobi had gone offline until I switched to bitcoinwisdom. As for coinmarketcap, relying on its up to date prices cost me money one time when it was hours out of sync.
37.
Post 15309604 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.54h):
I think it's bullish in the long run. Last year Bitfinex flash crashed down to about $150 and two months later the price mooned to $500. None of the other exchanges flash crashed so low. Today Bitfinex going offline sparked this dump, and I wonder if there will be another moonshot in two months from now. Bitfinex starting a flash crash can precede a moonshot.
38.
Post 15310413 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.54h):
We were in the 300's not too long ago, this dump shouldn't bother people too much. The price will rise again significantly after the halving.
Remember you haven't lost anything if you're HODLING.
A week ago I din't think the price would break $700. It's $664 on Bitfinex, which isn't much different to a week ago. The price can't endlessly rise without some corrections, and that's all this is.
39.
Post 15564231 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.55h):
The price is back to $666 on finex AGAIN.
What is it about this $666 price? It's been gravitating back to it for weeks and weeks, no matter where the price goes it always comes back to $666. Is it going to carry on like that for months longer?
40.
Post 15821538 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.56h):
from a reddit post
Is that saying Bitcoin is dead and is heading nowhere but down?
From Bitcoinity
If Bitcoin is dead why has it bounced back to $580? Shouldn't there only be dump after dump until it's back below $1?
Its price is volatile today but its staying above $500, and keeps testing the high $500s.
Bullish
41.
Post 15821700 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.56h):
Zanetackett says the Bitfinex site might be back up in view balance only mode by the end of today EST, although that probably means by tomorrow. He's also talking about making an update of where everything stands, but he's refusing to discuss reimbursing customers until after the site's back up.
I doubt we will find out if that tweet is true until after Bitfinex is online again.
https://www.reddit.com/r/BitcoinMarkets/comments/4w2osg/daily_discussion_thursday_august_04_2016/d64fayyI'm not sure if we'll be able to get it up today but we're trying as hard as we can. As it is getting late i'll try to see if i can get an update of where everything stands and make another post updating everyone with where things stand for now.
https://www.reddit.com/r/Bitcoin/comments/4vtuxo/bitfinex_security_breach_trading_will_be_halted/d6481sbWe're planning on getting it up today EST.
42.
Post 15821885 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.56h):
I thought they lost less than half the coins, so why the 63% haircut? I wouldn't be surprised if they did try to go down this route, however. When Poloniex got hacked for 10-15% they did similarly, with a haircut and then gradual reimbursement from their trading fees. Running fractional reserve, in contract, would just cause a run on withdrawals.
Zanetackett refuses to dismiss the haircut route, but says any haircut estimations (like 63%) are false. Poloniex got hacked for a relatively small amount, and still took forever to pay everyone back. How much does Bitfinex earn in fees, and how long would it take to pay everyone back out of them?
https://www.reddit.com/r/BitcoinMarkets/comments/4vtv1m/bitfinex_down_due_to_bitcoin_security_breach/d64magfSo you're confirming that there are no plans for a haircut of any kind?
https://www.reddit.com/r/BitcoinMarkets/comments/4vtv1m/bitfinex_down_due_to_bitcoin_security_breach/d64m7qdNo. I'm saying that any haircut estimations are false.
43.
Post 15822690 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.56h):
Thanks for that link ECB... The post pretty much states that Bitfinex is going to make a more official update tomorrow, but in the meantime, like you said, Bitfinex is considering a way to socialize losses amongst Bitfinex BTC holders.
I don't really have a problem with socialized loss in the sense that Bitfinex would later pay back those "losers"... yet, I believe that they are not considering paying back the "losers"...
I think that it is a bit irresponsible to cause the users to hold the bag... and even though we are finding out some details, we still have to wait for more specifics, which seems to be scheduled to come out tomorrow.
Although Zanetackett keeps talking about scenarios he has stated twice that USD funds will not be susceptible to the socialised loss. I feel for the Bitfinex Bitcoin holders, but it seems the Bitfinex USD funds holders dodged a bullet, provided Bitfinex implements its socialised loss scenario.
https://www.reddit.com/r/btc/comments/4w7o1j/itfinex_update_regarding_margin_funding_providers/d64q1b3So USD funds (that were simply held and not lent out) would not be affected at all by the hack, correct?
In that scenario, they would not be susceptible to the socialized loss.
https://www.reddit.com/r/BitcoinMarkets/comments/4vtv1m/bitfinex_down_due_to_bitcoin_security_breach/d64qhkrIm presuming the BTC I was holding may be subject to socialized losses, but not the USD in my account?
That would be correct.
44.
Post 15822925 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.56h):
05 Aug 2016 at 12:09 AM (UTC)
We are still working out the details so nothing is set in stone, however we are leaning towards a socialized loss scenario among bitcoin balances and active loans to BTCUSD positions. The numbers being quoted are erroneous as nothing has been decided as of yet and we are still in the process of settling positions and balances. More details are to follow tomorrow along with a FAQ answering most of the questions we have been asked over the past couple days.
erroneous loss or erroneous amount of bitcoin available to "socialize" the loss.
if bitfinex held ~230K BTC everyone gets a 50% hair cut
We NEED a rough estimate of bitfenix's total BTC holdings
this info is simply not available
here we go some conjecture....
https://www.reddit.com/r/Bitcoin/comments/4md665/coinbase_may_have_lied_about_the_number_of/Coinbase is now storing 'about 10% of all bitcoin in circulation'.
you'd think bitfinex had a similar amount of coins? right?
so like ~1.5million coins
everyone gets a ~10% hair cut?
wouldn't that be lovely
An ibtimes story quotes Charles Hayter estimating that 20% of all funds were lost, provided it had double the coins on deposit compared to last year.
The story says the hack in May last year lost it 1,459 BTC which represented 0.5% of all customer deposits.
If Bitfinex had the same number of coins deposited this year then the hack might have lost it 41% of all customer deposits.
http://www.ibtimes.co.uk/hong-kong-bitcoin-exchange-bitfinex-reports-65m-btc-stolen-by-hackers-1573968Charles Hayter, CEO and founder of CrytoCompare told IBTimes UK: "It is not clear on what the capital buffers are at Bitfinex, although if we take last year's figures of 300,000 bitcoin and apply a generous doubling, we can speculate that 20% of all funds have been lost.
Bitfinex was hacked last year in May when 1,459 bitcoins were lost. Their hot wallet system for customer deposits was breached, which at the time represented 0.5% of all customer deposits. Bitfinex subsequently teamed up with BitGo to implement individual multi signature wallets for users.
45.
Post 16730878 (copy this link) (by belmonty) (scraped on 2020-04-04_Sat_14.58h):
If bitcoin will go up to $800 then we could see a new all time high in my opinion. We have to cross and destroy the latest 2016 ATH to be ready for the moon take off.
A lot of new money is flowing into btc and this means only one thing, that the way is up.
Christmas gifts are just around the corner
If Bitcoin goes up to $800 it will probably continue going up to the 2013 ATH, but there might be a retrace off it back down before it goes any higher. Some predict it will surge straight through the 2013 ATH and continue to $2000 or $3000. Others predict it will go up in steps with retraces in between them, and I think that's what will happen.
