All posts made by SnowMonkey_CG in Bitcointalk.org's Wall Observer thread
1.
Post 3686234 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.28h):
Learnt my lesson in the past... holding through this.
Edit.. Stamp 834, Gox 817. Makes me nervous when Stamp's ahead.
2.
Post 3686368 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.28h):
Learnt my lesson in the past... holding through this.
Big mistake... It's never gonna pop back up. Just sell everything and take your losses.
Ok I
will won't take your word for it.
845... 846... 847? Stamp already bouncing back.
Learnt my lesson in the past... holding through this.
Edit.. Stamp 834, Gox 817. Makes me nervous when Stamp's ahead.
That should be a big clue that the 'crash' is artificial.
Thanks for this, wasn't sure how to interpret!
3.
Post 3686763 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.28h):
Gox ahead of Stamp again. Back in the comfort zone.
4.
Post 3739205 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.29h):
So can we start using mBTC now? Please?
5.
Post 3750428 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.30h):
6.
Post 3751689 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.30h):
Yep, just read it. Surprised? No. I've read many like it. Old school establish ecconomists dismissing bitcoin as just another tulip story.. or just another blah blah..
Yeah.. spare me please.
The comments section is even worse. Everytime i read comments on a bitcoin story on the web.. you see the same ill-informed opinion, and the same questions raised again and again.
Though it is hardly surprising that these are questions raised by people who have not done any research into it.
What is it backed by?? Cryptography and maths.
How do we know there will only be 21 Million ever?? Cryptography and maths.
Yes agreed. The concern is the general public (read potential future bitcoiners) are put off by the negative aspect of articles like this. Unfortunately not everybody understands cryptography or maths.... but however this is a short term problem that will be overcome as bitcoin becomes more user friendly, just like the early internet.
I read the first couple of comments then dismissed them after reading somebody trying to say that 'they' (whoever 'they' are) can increase the 21M limit at will.
7.
Post 3764916 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.30h):
One thing that didn't come across/wasn't discussed is that you can divide Bitcoins into smaller parts.
I think we need to move to mBTC before folk begin to understand this.
8.
Post 3781451 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.31h):
British Island Wants to Make Physical Bitcoins with UK Royal Mint Deal
http://www.coindesk.com/british-island-physical-bitcoins-uk-royal-mint/A tiny island in the English Channel, Alderney, wants to mint physical bitcoins as part of a larger campaign to become one of the world’s first financial services centers devoted to digital currency.
9.
Post 3781618 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.31h):
They are made of gold so when the price collapses you can melt it down to recover some of the investment.
I find this not the least but ironic.
that article is weird, it says they wont have the private key on them. So it's just a lump of gold with the bitcoin symbol on it?
Not sure but it does sound bizarre. The original Financial Times article might give more details but it's behind a paywall... anybody have access?
It says an independent company would hold the coins' private keys in escrow ready to be exchanged by paying a visit to the island. Can anyone else see the problem with this? Doesn't this open the door to fractional reserve? What's to stop them issuing more coins than they have keys?
10.
Post 3781716 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.31h):
They are made of gold so when the price collapses you can melt it down to recover some of the investment.
I find this not the least but ironic.
that article is weird, it says they wont have the private key on them. So it's just a lump of gold with the bitcoin symbol on it?
Not sure but it does sound bizarre. The original Financial Times article might give more details but it's behind a paywall... anybody have access?
It says an independent company would hold the coins' private keys in escrow ready to be exchanged by paying a visit to the island. Can anyone else see the problem with this? Doesn't this open the door to fractional reserve? What's to stop them issuing more coins than they have keys?
Paying a visit to Alderney is not exactly easy....! Seems daft the Bitcoin will probably be worth more than the coin, but you need to turn up
in person to a tiny Island in the English Channel to redeem the Bitcoin part of it. Odd. Not very 'digital' is it!
Nope. I'm from the UK and can say I've never been to Alderney, and I can't imagine going there to exchange a bitcoin.
What a bizarre concept.
11.
Post 3793373 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.31h):
Well we're seeing some action. Anybody panic sold yet?
12.
Post 3793393 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.31h):
Well we're seeing some action. Anybody panic sold yet?
The other way buddy... the other way...
Haha. There was once a I time would have panic sold and rebought at a loss but this ship aint going down, just wondering who's doing the same now.. Unfortunately I have no fiat in the sidelines to go 'the other way'
13.
Post 3793507 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.31h):
And bounce! Been to 758 Gox, now at 891
14.
Post 3819179 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.31h):
Gox just touched 1.2 USD/mBTC...
15.
Post 3819230 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.31h):
Gox just touched 1.2 USD/mBTC...
no it didn't. Also stop with dumb mBTC. We don't say google costs 1mUSD.
EDIT: Now it did.
I prefer mBTC... now we're passed it $1,203/BTC, $1.203/mBTC.
16.
Post 3820142 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.31h):
Wow, such strong feelings on the matter.
To me mBTC makes much more sense, I was all for it when price passed $0.50/mBTC OR $500/BTC... whichever you prefer
we can use them interchangeably easily enough.
I just think it removes a psychological barrier for folk still getting into bitcoin who think the price is 'too high' because they don't necessarily understand the divisibility aspect.
As for what to verbally call them... then I don't know, milibits? I'll leave that to the crowd!
17.
Post 3821756 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.31h):
Wow, such strong feelings on the matter.
To me mBTC makes much more sense, I was all for it when price passed $0.50/mBTC OR $500/BTC... whichever you prefer
we can use them interchangeably easily enough.
I just think it removes a psychological barrier for folk still getting into bitcoin who think the price is 'too high' because they don't necessarily understand the divisibility aspect.As for what to verbally call them... then I don't know, milibits? I'll leave that to the crowd!
Agreed, just saw this on the newegg facebook page.
http://s27.postimg.org/do9r4l6yr/newegg.png
EDIT : Not sure how to resize the imageWow some people
my point exactly.
18.
Post 3863582 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.33h):
Head, shoulders, knees and toes formation.
Looks like we're going up.
19.
Post 3863631 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.33h):
A moment of silence for all the panic sellers who will have lost in this most recent, but oft repeated bitcoin ride. We've all been there. Your initiation is complete. Welcome to the club.
I learned my lesson not to panic sell a while back. I resisted the temptation to sell at around 1.000, but wish I hadn't
20.
Post 3863835 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.33h):
Gox going for 0.800! (0.790 atm)
21.
Post 4772851 (copy this link) (by SnowMonkey_CG) (scraped on 2020-04-04_Sat_11.59h):
Morning all... this morning new's here in the UK included the University of Cumbria accepting BTC:
http://www.independent.co.uk/student/news/cumbria-becomes-first-public-university-in-the-world-to-accept-bitcoin-in-tuition-fees-9074700.htmlhttp://www.bbc.co.uk/news/uk-england-cumbria-25824968This is very close to home for me!
EDIT: Just realised this is old news, from 21st. It was reported only this morning on TV.
