All posts made by meanig in Bitcointalk.org's Wall Observer thread
1.
Post 1993510 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_10.55h):
I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.
If the Bitcoin protocol goes beyond repair, we will develop a new coin, and the party will continue. I go to have a bath in the spa and then some dinner, see you in 2 hours!
It is called LTC.
Bitcoin is Litecoins test trial.
When BTc got forked LTC users were not effected.
I thought Litecoin changed its name to Feathercoin.
2.
Post 2781763 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.11h):
It won't make any difference to Bitcoin if 'Portugal, Ireland or whatever' as you put it go bust tomorrow.
These are tiny bankrupt countries where the people have no money due to their economy being broken for years now.
Irish banks hold approximately €150 billion of retail customer deposits. That's an average of €60,000 per adult. Hardly a case of people having no money. There's plenty of rich baby boomers who could potentially invest in Bitcoin if another country has depositor haircuts. Alas unfortunately I feel they might put it into property instead
Also in absolute terms (repeat ABSOLUTE TERMS) Ireland has the eighth highest external debt in the world at $2.3 trillion. Ireland going down the toilet could cause a ripple around the world.
http://en.wikipedia.org/wiki/List_of_countries_by_external_debt
3.
Post 3043133 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.14h):
Over $1 million in five minutes
4.
Post 3295044 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.16h):
I'll never understand people who don't retire after banking a couple of mil
Nothing to do with the money. All about the feeling of being powerful and important.
5.
Post 3409348 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.18h):
SR merchants simply changed marketplaces and do the same as before
A, yeah? Then where did the 95% of my pre-SR bust sales volume go? Sheepmarket and BMR are pretty much dead at this point and don't even have a fraction of the volume SR used to have. Add a permanent DDoS of BMR to it's lack of volume and you'll start to get the picture: this industry needs at least a year to recover.
WTF! You're admitting to being a SR vendor
Even if your products are legal the commissions you gave SR were funding a criminal organisation. I don't think you should be so open about what you are doing. But thanks for the insight on sales volumes. The sheepmarket/reloaded subreddits have been very active so I presumed volume hadn't been affected at all.
6.
Post 3651693 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.26h):
Every time it's a bigger bubble, bigger losses, and more negative publicity. Which is why they won't buy in.
Which is why they will never buy. Which is why there will never be mass adoption. Which is why Bitcoin will never become all of the things we had hoped it would.
What are you talking about? The 2011 bubble was the biggest bubble of all and those who bought at the top would be sitting on huge profits right now. This drop from $900 to $453 is also peanuts compared to the crash in April, so the bubbles are only getting smaller and the losses as well. There is no such thing as negative publicity for bitcoin.
The only people who bought in 2011 are people who understand Bitcoin.
Again my point is take yourself to a normal person thinking strategy. Okay let me spell it out for you.
You now only have a high school diploma. You work at a factory, walmart, you're a waiter bartender whatever.
You have 3 kids, a tiny house, and a minivan.
You live paycheck to paycheck. You took your savings ($10,000 or so) you put it into this Bitcoin thing. Now you have $5000 worth of Bitcoin/savings.
You think they are still holding and hoping?
You think they haven't sold and are screaming and cryin at the top of their lungs I lost half of my life savings Bitcoin is the devil to everyone they know?
This is why it is bad. Because the people investing in bubble rises are people who think they will get rich quick (99% of the population which is why lottery is the most profitable thing for states) and when "healthy corrections" happen it's devastating to the reputation to Bitcoin and the bigger they get and the harder they fall the more negative news and I promise you the 99% don't know, care or believe in BTC technology they believe in their dollar and you Bitcoin took it from them.
How can you be living 'paycheck to paycheck' if you have $10,000 savings
7.
Post 3651891 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.26h):
If your life savings is only $10,000 that may be emergency medical money for your family, money set aside over the last 10 years because you may need a new roof, or furnace for your house etc. is not a lot of savings. Or you could have borrowed against your 401k. $10,000 is not changing anyone's life and it damn sure doesn't mean you're not living paycheck to paycheck.
You guys win, I'm just a silly bear. I'll check back in with you guys every now and again. See how things are going.
Living paycheck to paycheck means that you have no money to cover any unexpected events such as losing your job or a medical emergency. Literally if you miss a paycheck you have no money. Quiet simple really. Anyway, someone living paycheck to paycheck or someone doing a low paying job with $10k in the bank is never going to make any sort of investment in anything.
The people getting into Bitcoin over the coming weeks will be the rich guys who were previously sitting on the sidelines over the legality issue. Now that they've heard Bitcoin isn't illegal expect them to start dropping a few tens of million here and there into the exchanges.
8.
Post 3679967 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.28h):
Max Keiser was live on the BBC a few minutes ago preaching about Bitcoin. Even the token city banker douche bag arguing against Bitcoin conceded that it's turning into a major social movement.
I can feel the tide turning.
9.
Post 3715427 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.29h):
BOOM Gox Bid Sum is over $35million
10.
Post 3722403 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.29h):
Gox people are afraid price isn't going lower like they hoped, so they have to buy back in like they are doing now. The majority didn't sell because they wanted cash, they sold because the rise was to fast and they thought they could buy back in lower. Before we see new money coming in the next weeks. Stamp people actually can cash out, so there is more resistance, that's why their price is lower and rises slower. This is the exchange to watch in my opinion. China still spooked, because they had a bigger correction and some minor bearish news ( CCTV ). They will catch up when they see new ATH's on american exchanges.
What was the minor bearish news about?
11.
Post 3722532 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.29h):
Gox people are afraid price isn't going lower like they hoped, so they have to buy back in like they are doing now. The majority didn't sell because they wanted cash, they sold because the rise was to fast and they thought they could buy back in lower. Before we see new money coming in the next weeks. Stamp people actually can cash out, so there is more resistance, that's why their price is lower and rises slower. This is the exchange to watch in my opinion. China still spooked, because they had a bigger correction and some minor bearish news ( CCTV ). They will catch up when they see new ATH's on american exchanges.
What was the minor bearish news about?
About advising people that the price is unstable and it's not safe to invest too much in it during this time.
Is that it!!! I thought it was going to be about shutting down the exchanges or something like that
12.
Post 3737313 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.29h):
Meanig was here for the first $1000 bitcoin
13.
Post 3836546 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.32h):
What are the chances of Chinese banks boycotting btcchina and other exchanges now? I can imagine the banking partners of btcchina getting antsy at this news.
My thoughts also. But don't try and be open minded on this thread, it's not allowed. Put your blinkers on and reach for the moon!
If the Chinese government were serious about hindering Bitcoin, Bobby Lee would have "disappeared" by now and BTCChina would have been scrubbed from the face of the internet. They don't need excuses or legal niceties to get things done over there.
I can only imagine that Bobby has paid the necessary bribes and Bitcoin is safe in China for the time being.
14.
Post 3921005 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.36h):
Hahha nice rally going on once again
Theorize with me here, I've heard some grumblings if we don't attack the ATH this week blah blah we'll regress by the weekend. I believe another sell off Friday or over the "weak-end" would require some bad enough news or be easily misinterpreted. That being said I would like to just see us consolidate for a whole week and move horizontal which in my opinion would confirm were building a base for our next liftoff.
Stress tests on the Slovenian banking system will be released on Friday evening. Speculation is that the government will have to find 4billion Euro from somewhere to recapitalise its banks. My guess is that they announce a bail-in on Saturday morning (the Cyprus bail-in was also announced on a Saturday morning). Fuck knows what that will do to Bitstamp and the price on other markets.
15.
Post 3921253 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.36h):
Hahha nice rally going on once again
Theorize with me here, I've heard some grumblings if we don't attack the ATH this week blah blah we'll regress by the weekend. I believe another sell off Friday or over the "weak-end" would require some bad enough news or be easily misinterpreted. That being said I would like to just see us consolidate for a whole week and move horizontal which in my opinion would confirm were building a base for our next liftoff.
Stress tests on the Slovenian banking system will be released on Friday evening. Speculation is that the government will have to find 4billion Euro from somewhere to recapitalise its banks. My guess is that they announce a bail-in on Saturday morning (the Cyprus bail-in was also announced on a Saturday morning). Fuck knows what that will do to Bitstamp and the price on other markets.
If memory serves and for what is worth Bitstamp's bank is italian.
Bitstamp is a UK registered company with a Unicredit Slovenia bank account. Unicredit Slovenia is owned by the Italian parent company Unicredit but since they have a Slovenian banking license they follow Slovenian laws. Maybe they'll escape the shitstorm because they have a big parent bank or maybe they'll be dragged into it by the politicians to appease voters that foreigners aren't getting off lightly.
16.
Post 3952947 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.37h):
In reality its more like using one credit card to pay off another, we're all waving flags and patting ourselves on the back here but most don't realise we've not actually paid back anything significant yet and that government gluttony is still hanging around our necks. It gets those IMF bastards out of here though so its not totally stupid.
Is AIB is still in deep shit, and 98% state-owned?
All of the Irish banks are in deep shit. People who took out mortgages between 2003-2007 (boom years) aren't making payments and the banks are ignoring the issue. They're adding the missed payments onto the mortgage total giving negative amortization. As for leaving the bailout, what a joke! The country is still on life support. With a national debt of €200 billion and a tax income of €40 billion things a looking bleak. A small rise in the cost of borrowing will make the country bankrupt.
17.
Post 3993029 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.39h):
IF CHINESE PEOPLE ARE WORRIED THAT BANKS WILL STOP PROCESSING PAYMENTS TO EXCHANGES WHY ARE THEY SELLING THEIR COINS ON THOSE EXCHANGES FOR FIAT. WOULDN'T IT MAKE MORE SENSE FOR PEOPLE WITH FIAT TO BUY LIKE CRAZY SO THEY CAN EASILY GET THEIR COINS OUT OF THE EXCHANGE ?
18.
Post 4000668 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.40h):
Have a feeling Bobby Lee is going to announce that bank wires in and out will continue to work.
19.
Post 4026571 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.42h):
What are the chances South Korea, Japan, Taiwan, HK etc start pumping Bitcoin to piss off Beijing.
They could offer Chinese importers/exporters special deals if they use Bitcoin.
Flooding China with bitcoins will be like flooding them with Opium
20.
Post 4031958 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.42h):
Will the majority of the sellers buy back in after it's clear the bottom has been hit? That's the real question here.
Yeah, what else are they going to do? Put it a bank and watch it earn 0.5% APR or worse take a -50% haircut when their bank goes bust.
21.
Post 4058111 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.43h):
Gox BidSum over $42 million. Wowser
22.
Post 4058153 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.43h):
trading.i286.org says $42.8 million
23.
Post 4073343 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.44h):
Xiaoxiao, I have a couple of questions for you.
What do people in China think about the health of the economy?
How do you buy precious metals in China?
Thanks
24.
Post 4073592 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.44h):
yes this thread is really silent .... nervous people or it is the weekend effect ?
Christmas shopping
25.
Post 4144794 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.46h):
If anyone wants to kill the Dogecoin spam dead here is your chance
http://www.reddit.com/r/dogecoin/comments/1tp40b/dogecoin_is_broken_merry_christmas/The creator really screwed up the fee rules. You can add 1GB of transactions to the blockchain with only 1 Dogecoin
26.
Post 4156238 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.46h):
Have you looked at the Bid sum we've been talking about the last few pages?
we're back at $42+ million again
where are you pulling these numbers from ? it is constantly getting higher and higher !!!
Edit: the ask is getting lower though....
trading.i286 and blockchained.com give different figures for the bid/ask sums. Blockchained is always less. Is there an answer for which is correct?
27.
Post 4626701 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.57h):
Every other exchange looks poised for a down move IMO, except silly Gox levitating $130 above all others.
What, you mean that rigged exchanged dominated almost entirely by bot trading with the odd hapless soul buying coins in order to transfer to the Stamp where he can actually get his fiat back at a 10% loss?
Yeah, I noticed that on Gox, an all important resistance level was taken out which seems to have lead to a lot of
fools market analysts forecasting a big rally over the next few days. But as you say, on the exchanges where BTC can actually be exchanged for fiat that can actually be withdrawn to a bank account, a drop back down to $700s looks a near certainty.
So who do I believe to most realistically represent the workings of global Bitcoin trade, Gox, or all the other ones?
Today, I doubled my short position at $832, if that helps clarify my position.
There's no problem withdrawing your money locally to a Japanese bank in Yen. I suppose the big players can arrange foreign accounts without any difficulty.
With Mtgox the rich get richer while the poor get poorer.
28.
Post 4647632 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.57h):
In NYC bitcoin was on the front page of the Times last week
Speaking of which, I was touristing in NY over the year-end holidays (yes, it was
cold). We went to see Wall Street one evening, and was surprised to see a "Bitcoin Information Center" right next door to NYSE. Behind a small lounge one could see a room where someone was presenting a talk to a small audience.
My sons, who knew of my
obsession strong scientific interest in the matter, urged me to go in and pretend I was some rich
sucker would-be investor. While we were at it, a fellow came out and invited us inside, saying something about something being already up to some zillions of dollars. But I was too tired and thinking only of getting back to my hotel.
The rent for that place must be a small fortune. That's one thing that I find off-putting about Bitcoin: too much lavish marketing for a project by a bunch of young digital subversives whose goal is to steal a highly lucrative business from banks and undermine the governments' control of money flow, worldwide.Bitcoin has had very little marketing or advertising. The only things that come to mind are the GOX advert in the G20 magazine and the billboards that have been put up around California.
For most people something doesn't exist until they seen an advert for it. Maybe Circle will make a splash with advertising.
29.
Post 4780363 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.59h):
Um, he is not just owner of an exchange, but a founding member of the Bitcoin Foundation? and Marc Karpeles is another?
Whatever one thinks about the morality or legality of the arrest, I expect it will be very bad for Bitcoin's image. Many common people will probably stay away from any X when they learn that a top honcho of the "X Foundation" was charged with criminal use of X.
Most people outside of the bumfuck bible belt dislike laws criminalizing drugs. The general public won't be shocked.
30.
Post 4780409 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.59h):
A flash crash is always fun to watch.
Also, why is china barely gives a fuck?
China doesn't give a fuck because Charlie's arrest isn't a big deal (except for him and his family). Bitinstant hasn't been around for a year and Bitcoin has got on fine without it.
31.
Post 4780484 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_11.59h):
Huge dumps happening on Stamp. Who are these morons
32.
Post 4823185 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.00h):
Has the live feed disappeared?
33.
Post 4824639 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.01h):
34.
Post 4824669 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.01h):
My ears. You're killing me Mark.
35.
Post 4825053 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.01h):
Mark Williams: "The value proposition hasn't changed to justify the 9000% increase"
Da fuk. Did he not hear what happened in Cyprus. Someone needs to school this dick.
36.
Post 4841692 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.01h):
Indeed.
This is probably the beginning of lots of panic buying, can't see this turning sour now, we are at january 31. in China, and now with the BTCChina news... I'm glad I am all in BTC.
lmao.. the PBOC will respond on business days, currently it's a holiday. Just wait and see.
Lol, they execute people seven days per week in China. The PBOC wouldn't stop a public holiday from letting them do their stuff.
37.
Post 4859859 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.01h):
That's a misquote. She doesn't mention being optimistic nor pessimistic. All she states is that it's unlikely to be approved in 2014 which isn't unusual for a new type of ETF.
38.
Post 4861749 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.01h):
Get your tinfoil hats on! Whomever is manipulating the price to keep it in this narrow range is going to run out of bitcoins eventually ;-)
I hear
bitcoin days destroyed is goin crazy so maybe it's some of the early adopters at work... trying to keep the financial apocalypse at bay for just a little while longer...
Looks normal to me, perhaps even a bit low:
https://blockchain.info/charts/bitcoin-days-destroyedIt does
feel like the price is being stabilized through some active effort. But, if that's the case, are they running out of bitcoins or dollars?
Hmm, that's an interesting idea: run a "market stabilizer bot" for a month (with really deep pockets). Eventually you'll either have too many bitcoins or too many USDs. You now know the direction the market wants to move before every one else. I wonder (but doubt) if such a scheme could be profitable....what does "bitcoin days destroyed" mean exactly???
If an address with 1 BTC which hasn't moved for 100 days is spent today then "100 Bitcoin days" have been destroyed or if 0.5 BTC hasn't been spent for 1000 days and it's spent today then "500 Bitcoin days" have been destroyed. You sum up all the days destroyed to get a total and people try to draw inferences from the number.
39.
Post 4903390 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.02h):
Wow. Such crash. Doge hurtin' today.
All cryptocoins are brothers in fate, if one fails the others will suffer too.
Pure bitcoiners may rejoice in the demise of a competitor, but people out there will wonder: if Dogecoin crashed without warning or reason, why wouldn't Bitcoin too?
there was very good reason for the doge crash
Thanks, I suppose you mean this:
http://www.businessinsider.com/dogecoin-crashed-this-weekend-2013-12So its
price crashed because its
popularity soared. That may be good news for Bitcoin indeed.
It's only dawning on the Dogecoiners now that 10,000 coin block rewards in perpetuity might not be enough to secure their blockchain if the price doesn't increase 50x in the next year.
40.
Post 4917009 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.02h):
Yeah man it's game over. Putin is going to invade a sovereign EU and NATO member state to shut down BTC-e and enforce Russian law because Russian law is the only law.
Tanks rolling through the streets of Sofia as they zero in on the building hosting BTC-e servers is going to be box office gold.
41.
Post 4917082 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.02h):
Russia must be dangerously close to a currency crisis. Does the Russian central bank publish how much foreign reserves they hold?
42.
Post 4917454 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.02h):
So you're saying they're based in Russia?
43.
Post 4917543 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.02h):
So you're saying they're based in Russia?
Yes.
Then why hasn't Putin sniffed them out and fed them to a pack of wild wolves. Due process isn't a thing over there.
44.
Post 4943329 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.02h):
Pray for a takeover
What would that mean?
If an exchange's outstanding obligations (the sum of its client's account balances, plus pending bills etc.) are more than its assets (furniture, cash in bank, and coins in wallet), why would anyone want to buy it?
Tens of thousands of verified customers ready to trade
45.
Post 5004780 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.04h):
So just before all this excitement started i sent a request to stamp support to ask about which bank account to use as I have GBP and EUR
"You can deposit funds from or withdraw to any bank account held in your name.
Which account your chose to deposit from is completely up to you and we can not offer any advice on the subject.
Should you require any additional assistance, please feel free to contact us."
so you can't offer any advice but i should feel see to contact you to seek it? erm
well ok i know what he was getting at, but not very good answer...
what i was really wanting to know was it there any difference in speed and cost between a GBP or EUR based account with BitStamp.
Does anybody have any experience?
Use your EUR account. UK banks take the piss with their SEPA fees.
46.
Post 5082424 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.06h):
Standard Bank is huge!!!!!!!
47.
Post 5082858 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.06h):
Rich South Africans will try anything to avoid the Rand. The Rand isn't even welcome in Zimbabwe now its lost so much value.
48.
Post 5083311 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.06h):
Amazing, a double spend was detected and stopped. I jizzed my pants
49.
Post 5087348 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.06h):
Hey i just woke up and theres 20 new pages in this thread, can someone update me on the news/ is there a news-related reason why the exchanges are dropping or was yesterday just a bull-trap
Its over. This is final capitulation. Move your assets to Dogecoin.
No, move into Nyancoins
50.
Post 5092104 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.07h):
Of course Bitcoin is winning
http://www.reuters.com/article/2014/02/11/kazakhstan-tenge-rate-idUSL5N0LG06J20140211The official rate of the Kazakh tenge fell to 163.90 to the dollar on Tuesday from 155.56 in the previous trading session, shortly after the central bank announced that it would allow the national currency to devalue to around 185 per dollar
51.
Post 5104070 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.07h):
If you look at the comments he says that Bitcoin mining will use more electricity than the whole of Germany in a few years
52.
Post 5129674 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.08h):
in the meanwhile, fiat is vanishing from Gox's order book
But where to? It's not like people can withdraw it
53.
Post 5132020 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.08h):
Where are all the hodlers and bulls now?
All the time this exaggerated price postings, and now time is changing and no more hodl, no more buy, buy! Poor Bears?
Only sodl?
Now i can see here only a handful people with eggs, the rest has gone, converting to fiat or dogecoin.
Dogecoin is vulnerable to transaction malleability as much as Bitcoin.
PLZ stop trollin. We both know that DOGE has already solved this.
Show me.
They solved it using hugz and amaze in their awesome community. Everyone that uses doge is so awesome they wouldn't dream of mutating someone else's transaction
54.
Post 5133308 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.08h):
So the value of one Bitcoin you can't withdraw has fallen from 400 dollars you can't withdraw to 300 dollars you can't withdraw.
Word
55.
Post 5133327 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.08h):
So i am guessing its impossible or very hard to get fiat on gox? Since you can sell goxcoins for 70-80% people would be buying to arbitrage.
They'll take your money no problem. They'll even take it if you're not verified and then make you get your passport certified by the pope before you can trade with it. It's getting it back that's impossible.
56.
Post 5133408 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.08h):
4786 users on the Bitcoin subreddit. Never seen it so high. It's the end of days
57.
Post 5142288 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.09h):
Has anyone even tried doing a withdrawal with stamp or BTC-e?
BTC-e withdrawals have been working all week
58.
Post 5186402 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.11h):
Monday 17th of February 2014. 7 Am, Japan local time
Remember this day. Wether it's good or bad news. Remember.
Karpeles is still in bed scratching his balls. Don't expect anything for another few hours.
59.
Post 5190443 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.11h):
Does it bother anyone else that MtGox used the wrong "effected" in their press release?
I missed that-- yes, bothered, and a bit sad.
Edit: Title reads: "Maintenance Announcement Effecting Bitcoin transfers![sic]"
Did you see that they corrected on the website news?
They are watching us...
Holy shit... they are watching us
Hey watching eyes from gox, you forgot to correct the spelling in the pdf.
60.
Post 5248303 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.13h):
If they were going to begin withdrawals today they'd announce it early so they could be in the office to supervise the process for most of the day. If we don't hear something in the next couple of hours don't expect any withdrawals today.
61.
Post 5250267 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.13h):
After waiting up half the night I need to sleep now. Expect the next gox announcement to be in 10mins
62.
Post 5273005 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.15h):
Euros on the way to Stamp! If you're reading this Mark please stay in bed until Monday. Thanks
63.
Post 5338434 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.17h):
If we haven't seen over $1k coins by June 1 it will be a pretty big disappointment. Bear market due to FUD is one thing, due to Gox is another. Good news does not seem to affect the price in any positive way, and the NeoBee news is no exception.
The only good news people are waiting for is gox opening up withdrawals again.
64.
Post 5341063 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.18h):
Gox just admitted insolvency...
link?
For fuck sake like. Who the fuck is going to admit their insolvency at 2.19am local time. You're so desperate to fill your boots with cheap coins it's laughable.
65.
Post 5341646 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.18h):
But Bitcoin is a protocol and therefore it is more sensible to compare it to the history of other protocols rather than computer games?
To an extent I agree I do not think this is a Higlander scenario
There can be more than one
Bitcoin is different from protocols because it does have a very specific unit price.
Imagine if e-mail would have been created in a way that later adopters have to fill the pockets of early adopters, so they can also send an e-mail.
People wouldn't accept this and would create an alternative where everyone has a fair chance with using this protocolSo, in my idea, bitcoin is not neutral enough to be called an protocol. Gaming suits better to it, especially with the amount of gambling that's happening at the markets.
Flesh out this hypothetical currency where early adopters have no incentives and the luddites take most of the spoils. What would the incentive for adoption be?
66.
Post 5341955 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.18h):
We are in a downtrend. The question is, how long will it last?
Until the gox situation is clear.
67.
Post 5350370 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.18h):
For anyone still interested in true and verified news Playboy has started using BitPay
http://www.coindesk.com/playboy-plus-accepting-bitcoin-payments/Playboy, the iconic media company that publishes Playboy magazine, is now accepting bitcoin payments for its adult entertainment content through at least one of its web properties.
Though not yet formally announced to the public, the payment option is currently live on the Playboy Plus website, and is available to those purchasing one-month, six-month and lifetime memberships through Georgia-based merchant processor BitPay.
Formerly the Playboy Cyber Club, according to its official Twitter account, Playboy Plus is an online component to Playboy magazine that provides original nude picture content.
Playboy’s online branded assets are operated by Montreal-based adult entertainment conglomerate MindGeek, and as such, the bitcoin rollout appears to be part of a broader move toward acceptance from MindGeek, not necessarily Playboy.
68.
Post 5351232 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.18h):
bitstamp down??
gentlemen this could very well be the end
Nope, up for me.
69.
Post 5366290 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.19h):
The comments on CNN's
front page story really shows how the public is rooting for bitcoin to fail.
Jeez, I can't believe people think this will actually kill Bitcoin. Have they not learned anything from the last 3 years.
70.
Post 5366896 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.20h):
The comments on CNN's
front page story really shows how the public is rooting for bitcoin to fail.
Boy, I can't wait to see those bashers' faces when we get to $10,000.
It will be the same as the bashers who called it a dead ponzi after the first crash and then continued to call it a ponzi during the next boom. They have no interest in learning about it. I think it will take full blown currency crisis before they spend some time trying understand what Bitcoin is.
71.
Post 5368269 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.20h):
So supposedly 750k coins were stolen? How could they not have noticed that? Did it happen in one go or over the course of years? Surely they must have noticed their cold storage getting smaller every day.
If that supposedly leaked document had said 75k it would have been believable but 750k is total bullshit.
72.
Post 5373864 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.20h):
I still can't believe they've lost all their coins due to the malleability issue. Just how can it be possible
And those IRC logs didn't make it sound like there is a saviour waiting to buy them out. This is the mother of all fuck ups.
73.
Post 5391789 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.20h):
I urge the regulators to work together, act quickly, and prohibit this dangerous currency from harming hard-working Americans.
Hahaha what a tool. Any politician that uses the "hard working" sound-bite is a moron.
74.
Post 5396189 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.21h):
Those funds are no more. They have has ceased to be. They have expired and gone to meet Satoshi. They are late funds. They are vapor. Bereft of existence, they rest in peace. If Karpeles hadn't left them on the balance sheet, they would've been written off ages ago. They've rung down the curtain and joined the choir invisible. They are ex-funds.
Okay okay we get it
75.
Post 5396361 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.21h):
No rally tonight?
The night is young
76.
Post 5398215 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.21h):
Haven't caught up with the thread so not sure if it's been said but over 10,000 people viewing /r/bitcoin and no threads are on the front page.
Huge
The press has been huge over the last couple of days. Even my old man asked me if my Bitcoin had crashed and don't be sad if you lost it all coz your health is your wealth etc
77.
Post 5398589 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.21h):
Be wary of the two-bit idiot guy. Just found some CONFIRMED bullshit in his gox blogs.
He says in this post from Wednesday 26th
http://two-bit-idiot.tumblr.com/post/77920927310/i-retract-nothing-i-have-written-so-far-regarding-mtSecondMarket was, in fact, approached by Mt. Gox some time last weekend. Mark Karpeles approached Barry Silbert to solicit an acquisition offer, and it seems likely that Silbert, who had already committed privately to building a US-based exchange bitcoin exchange, jumped at the opportunity to explore the deal.
However, when the magnitude of the theft and potential fraud became free, Silbert and his team quickly pulled out of discussions, sent an email to all employees over the weekend banning them from buying or selling bitcoin indefinitely, and most likely reported the suspicious activity to the authorities. As a regulated entity that probably signed a non-disclosure agreement before learning the full extent of the Mt. Gox damage, SecondMarket would have had no other choice, but to keep this out of the public eye, even if it was acting honestly behind the scenes.
But if you look at the numbers from the BIT thread you'll see that they've bought over 500 bitcoins this week.
https://bitcointalk.org/index.php?topic=337486.msg5398518#msg5398518
78.
Post 5413336 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.21h):
Bitcoin was already trusted in around 2011. Mainly in a drug community, but still.
The new currency needs security and a more user-friendly usability. The attention will come quickly because there is already a lot of attention on the subject. Bitcoin had to catch the attention on the entire subject itself. If a crypto emerges with better qualities, then people will start jumping cryptos fast. It's the nature of products that are supported mostly by hype. Support from hype is a fragile thing because people will get amazed by new alternatives very quickly. I think that doggecoin perfectly showed the nature of bitcoin. You don't even need a better quality product and simplistic lowbrow hype was all it needed to become quite popular.
Are you fucking joking? Bitcoin had no credibility in the eyes of the outside world back in 2011. SilkRoad was very small back then so you can't even say the online drug community trusted it. One fuckup after another along with the slow slide in price gave the few people who had heard of it ammunition to shit on Bitcoin at every opportunity. It all culminated in the infamous Rise and Fall of Bitcoin article in Wired at the end of the year. I need to stop now or I'll have nightmares about Bruce Wagner's grin and the mybitcoin heist. Where are you Tom Williams???
79.
Post 5415568 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.21h):
I really, really doubt that.
Reading that 400m of investor money was stolen (again, read) from the "biggest[or "one of the biggest"]" exchanges is 100% bad.
Go read any news article and check the comments on it. "I knew it was a scam" "Get rich quick fail" basically this re-assured everyone bitcoin was a scam.
Those people will never change their opinion so it doesn't matter what they think. It will have to get to the stage where they are using Bitcoin without evening knowing it before they recant.
For the people who were already thinking about getting into Bitcoin hopefully the gox failure will make them more cautious about who they deal with and how they store their coins. A good thing in my opinion.
80.
Post 5415662 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.21h):
I would really like to meet this person who goes "Hey! Look! People who invested in bitcoin lost money because the exchange service turned out to be fraudulent. Wife, give me my wallet, I'll better transfer some money to a bitcoin exchange quickly to buy those bitcoins"
Why don't you stop spouting nonsense and reply to my sharp observation
Bitcoin was already trusted in around 2011. Mainly in a drug community, but still.
The new currency needs security and a more user-friendly usability. The attention will come quickly because there is already a lot of attention on the subject. Bitcoin had to catch the attention on the entire subject itself. If a crypto emerges with better qualities, then people will start jumping cryptos fast. It's the nature of products that are supported mostly by hype. Support from hype is a fragile thing because people will get amazed by new alternatives very quickly. I think that doggecoin perfectly showed the nature of bitcoin. You don't even need a better quality product and simplistic lowbrow hype was all it needed to become quite popular.
Are you fucking joking? Bitcoin had no credibility in the eyes of the outside world back in 2011. SilkRoad was very small back then so you can't even say the online drug community trusted it. One fuckup after another along with the slow slide in price gave the few people who had heard of it ammunition to shit on Bitcoin at every opportunity. It all culminated in the infamous Rise and Fall of Bitcoin article in Wired at the end of the year. I need to stop now or I'll have nightmares about Bruce Wagner's grin and the mybitcoin heist. Where are you Tom Williams???
81.
Post 5417266 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.21h):
<RogerVer>MTgox claims that someone was using the transaction malability exploit for years to steal coins, and they never noticed until they ran out of coins.
They'd have more credibility if they blamed it on aliens
82.
Post 5434600 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.22h):
Price is still holding strong though
Famous last words
83.
Post 5528803 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.24h):
I informed Bitstamp that they had at least a breach on their email list, if not the rest of their system. At first they denied it, but in a follow up they eventually admitted to it.
I think if eleuthria is to be trusted, then there is probably no question in it. Furthermore, Bitstamp themselves distributed email warnings of phishers I think shortly afterwards. It's possible that only a part of the mails were leaked, or that somehow yours wasn't sent to.
If we do some digging, maybe we can get it officially from a Bitstamp rep.
I didn't receive any phishing emails.
84.
Post 5550158 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.24h):
how do you know that was Satoshi who wrote that, I can make a better picture than the one above and sign it with his name, also everything on that story fits perfectly to that man, I am almost convinced that is him...
and by the way, he used his real name, nice move last thing expected....
A big piece of evidence that's missing is a link between this guy and crypto mailing lists. The real Satoshi was heavily influenced by cryptographers that went before him so I would have though it highly likely that he would be a subscriber to these lists.
85.
Post 5550340 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.24h):
Seriously now, the part of the article that made we wince was the comment by the guard when the reporter told them who the guy was. I do not know why, but that detail flashed a yellow light in my mind...
Yes, it read too much like dialogue from a novel than real life. As for the quote it's highly likely it was taken out of context or just made up. It's her word against his and she's more media savvy so she can drown out any complaints that he makes.
86.
Post 5651706 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.26h):
China may have realized that it cannot stifle bitcoin.. and china has a mixed set of motives including a desire to have some kind of investment vehicle separate from the dollar... .. so China is likely torn about bitcoin and about whether they like it or hate it... maybe they are frienemies with bitcoin?
From what Iknow, Chinese residents cannot pay for goods or services using bitcoin; banks and other financial institutions cannot deal with bitcoin; bitcoins cannot be sold by e-commerce sites; and e-payment services cannot be used to pay for bitcoin. So what is left?
I believe there are other cointries which have taken similar measures; Russia and India, perhaps? (A thread was started in this forum to build a list the legal status of bitcoin in each coutry, but it never got beyond the first draft.) Some countries (like the US) have not banned crypto-coins explicitly, but their existing regulations alerady prevent some of those uses.
If crypto currencies will only be used for
clandestine private commerce between peers,
under risk of legal penalties who don't care about regulation, they will have
failed succeeded in their goal.
FTFY
87.
Post 5665223 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.26h):
insight: friend of mine working in JP Morgan in London also confirmed they are kinda elaborating their own coin as we speak..
They may succeed with novices but only until the banks fuck it up somehow, at which point people will begin to understand why they should support a coin not backed by any company/cartel.
Agreed.... In the end, these kind of endeavors are likely to bring more attention and credibility to bitcoin... even though they may seem to mimic or compete.
Bitcoin will likely prevail - yet, we may want to see how these various competitive cryptos play out... and these additional cryptos will likely create hype and even pump and dump opportunities... for day traders.
Yes you're probably right. But a centralized bitcoin clone kind of defeats the purpose. Who will mine? JPMorgan? The public? A "trusted" central banker type entity? What if they need to change the rules, will they just hard fork it forcing everyone along? Sounds like a total disaster in the making.
A Bitcoin like currency issued by a business or governing body makes no sense and will never happen. Bitcoin only works because there's nobody in charge and there's no guarantees. If a currency came out "backed" by a business then that business would want to have very firm control over how it was used. JPMorgan wouldn't be too happy about people using JPMorganCoin for kiddie porn or ransoms. Also by the saying that they "back" it they would have to subsidise it somehow, possibly by guaranteeing that it can be exchanged for something. That's quite a big financial commitment to uphold. Also if the company is issuing the currency why go to the bother of mining. They could just issue it in exchange for cash. I think the nearest any company comes to a digital currency will be some kind of E-Gold copy where all users have full KYC checks. Doesn't sound very exciting.
88.
Post 5719689 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.27h):
holy shit, i have never seen this low volume
this is truly the calm before the storm i've been waiting for, i believe
Stock up on the Red Bull and get some sleep. The fireworks always start when you least expect it.
89.
Post 5897558 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.29h):
The Neo & Bee bitcoin bank in Cyprus seems to be stalled, I can't find any news after this:
http://www.cryptocoinsnews.com/2014/03/20/neobee-responds/(And their reply to the Central Bank of Cyprus, like their pre-launch commercials, reads more like a post from this thread than a professional statement. Do they really expect to convince the Central
Bank to authorize their
Bank to function, by insinuating that bankers are the biggest criminals in the world?)
You think they've stalled because they don't send an update to your inbox every morning. How important you are
90.
Post 5940108 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.29h):
475
91.
Post 6463370 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.41h):
So no fiat deposits on thursday or friday this week.
You mean into the Chinese exchanges? Is that a fact?
Huobi has not modified their homepage or posted new notices for the last 12 days. The homepage still shows their prepaid cards (火币 点卡充值) as the only deposit method. Perhaps the cards themselves cannot be recharged, if they depended on 3rd party payment processors or bank deposits. I could not fiind Huobi's client blog, it would be interesting to see what is there. Will they gox their clients without prior warning?
Over the weekend I poked abit into OKCoin's blog and their reddit thread. Their "recharge code" system based on (two) private brokers seemed to be working, not clear how effectively; but in the end OKCoin said that they would not post any more public announcements about that system in order to not perturb the market. Will they [ ditto ]?
Stamp.
Why are Bitstamp not accepting deposits?
Edit; they have two banks holidays for Labour day
92.
Post 6817845 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.45h):
I am curious about the statement
the use of Bitcoin to transmit funds out of Cyprus post bailout
I wonder how that worked out exactly? How would someone
with euros in a Cyprus bank use bitcoin to move the money to a bank outside Cyprus?
Simple, all you had to do was find someone in Cyprus with bitcoins who was willing to swap them for Cypriot bank credit. Euro IOUs were still exchangeable between Cypriot banks during the capital controls period.
93.
Post 6833221 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.45h):
How would someone with euros in a Cyprus bank use bitcoin to move the money to a bank outside Cyprus?
Simple, all you had to do was find someone in Cyprus with bitcoins who was willing to swap them for Cypriot bank credit. Euro IOUs were still exchangeable between Cypriot banks during the capital controls period.
That does not seem to violate capital controls...
Note that no euros, real or virtual, left Cyprus; they aonly moved between Cypriot bank accounts. Meanwhile, some bitcoins that were out there somewhere in the ether and were owned by one Cypriot became owned by another Cypriot. The total wealth of the Cypriots, whether measured in euros, bitcoins, or material goods, was not changed by that operation.
Or am I missing something?
Yes, like the majority of your posts you're missing the big picture.
The Cypriot who swapped Cypriot bank IOUs for bitcoins is now free to leave Cyprus with a brainwallet and swap his bitcoins for bank IOUs in another country.
The net position of the Cypriot banks hasn't changed in the whole transaction but the net worth of Cyprus has decreased because they've lost some bitcoins.
Much easier than swallowing diamonds or shoving a gold ounce "where the sun don't shine".
94.
Post 6851969 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.45h):
Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?
Don't worry, we're definitely heading back down to the low 300s. Teratheterrible and Mattheshat said so and they wouldn't lie
95.
Post 7045201 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.48h):
I've seen the future. The price will bounce around 500-700 for the next couple of weeks and then a positive Bit-License thing from Lawsky will be the rocket fuel to make Bitcoin go batshit insane again. Mark my words, $2000 by July
96.
Post 7045595 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.48h):
I've seen the future. The price will bounce around 500-700 for the next couple of weeks and then a positive Bit-License thing from Lawsky will be the rocket fuel to make Bitcoin go batshit insane again. Mark my words, $2000 by July
When are the regs supposed to be ready?
No later than the end of Q2
Approved applications will ultimately be required to adhere to the proposed regulatory framework NYDFS puts forward for virtual currency firms operating in New York. NYDFS is also providing notice today that it intends to propose that regulatory framework no later than the end of the second quarter of 2014. Given that proposals and applications for virtual currency exchanges often take time for firms to develop, today's public order clarifies that NYDFS will consider such proposals and applications.
http://www.dfs.ny.gov/about/po_vc_03112014.htm
97.
Post 7099823 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.50h):
Wow. Risto sure has charisma.
I can't think of any other poster who garners so much gossip and personal attention.
No wonder he's not lacking in self esteem.
Jorge, Goat in his day, BJA when active. It tends to be pettier with Risto, I think. He's actually pretty inoffensive, and rather clever, generally a helpful man of good-will and a contributor to the community. Certainly observing his fate has convinced me to maintain pseudonymity while feasible. For some reason, although I think less flush than Goat, Risto seems to focus all the jelly. Perhaps because he started another thread to get away from the nastiness on this one, the nasty types think he's putting on airs. Amusingly, Goat actually started another forum site to get away from this trash. The signal/noise ratio there is vastly better. But it's not an external face of bitcoin, so I see value in posting here, where google is likely to take novices.
+1 on all of that.
Who is BJA?
98.
Post 7293976 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.52h):
TL;DR dude sells coins because of some FUD he believed in.
Peter Todd is a Bitcoin core developer. FUD = Facts U Dislike.
Peter Todd is NOT a Bitcoin core developer.
https://bitcoin.org/en/developmentFacts U Dislike
99.
Post 7311718 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.53h):
This is looking like a 2012 after 2011 bubble, while the infrastructure was not there for the last year valuation ($1200 bubble ) I thought somehow the price will hold for it to catch up..... but it seems that I was really wrong.
I also thought that there will be a bubble between May and the half of June so I kept holding, I bought most of my coins between $10-100 and did cash just small amount of it at the December bubble, bet hell I wont be greedy and watch the price fall even further, I sold Half of my holdings yesterday, This will give me a free couple of years vacation...
Are you keeping your vacation stash in a euro area bank and if so are you worried about the EU wide stress tests coming up this year.
100.
Post 7311909 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.53h):
This is looking like a 2012 after 2011 bubble, while the infrastructure was not there for the last year valuation ($1200 bubble ) I thought somehow the price will hold for it to catch up..... but it seems that I was really wrong.
I also thought that there will be a bubble between May and the half of June so I kept holding, I bought most of my coins between $10-100 and did cash just small amount of it at the December bubble, bet hell I wont be greedy and watch the price fall even further, I sold Half of my holdings yesterday, This will give me a free couple of years vacation...
Are you keeping your vacation stash in a euro area bank and if so are you worried about the EU wide stress tests coming up this year.
only if you have more than €100K in one bank account.
My advice to you is spend it quick and enjoy.
Force majeure will become a common phrase after the stress tests are done.
101.
Post 7314512 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.53h):
This is a nice read for those who do not grasp the issue of concentration of power into one mining pool.
http://hackingdistributed.com/2014/06/13/time-for-a-hard-bitcoin-fork/Excerpts:
But the fact is, this is a monumental event. The Bitcoin narrative, based on decentralization and distributed trust, is no more. True, the Bitcoin economy is about as healthy as it was yesterday, and the Bitcoin price will likely remain afloat for quite a while. But the Bitcoin economy and price are trailing indicators. The core pillar of the Bitcoin value equation has collapsed.Worse, GHash has a well-known track record of actually engaging in double-spend attacks even when they did not command a majority of the hashing power. GHash used its hashing power to attack a gambling site that accepted 0-confirmation transactions. In essence, they would make a bet, as in red-or-black in roulette, and if the virtual roulette wheel spin came out the wrong way, they would cancel their losing bet and place a new one. This is outright theft: GHash stole from a gambling operator. I was led to believe by the starry-eyed bull tards that it's all nothing but FUD.
And in November 2013 I was led to believe by the douche who wrote the article (Emin Gün Sirer) that Bitcoin should be dead and buried by now.
Bitcoin is broken. And not just superficially so, but fundamentally, at the core protocol level. We're not talking about a simple buffer overflow here, or even a badly designed API that can be easily patched; instead, the problem is intrinsic to the entire way Bitcoin works. All other cryptocurrencies and schemes based on the same Bitcoin idea, including Litecoin, Namecoin, and any of the other few dozen Bitcoin-inspired currencies, are broken as well.
Specifically, in a paper we placed on arXiv, Ittay Eyal and I outline an attack by which a minority group of miners can obtain revenues in excess of their fair share, and grow in number until they reach a majority. When this point is reached, the Bitcoin value-proposition collapses: the currency comes under the control of a single entity; it is no longer decentralized; the controlling entity can determine who participates in mining and which transactions are committed, and can even roll back transactions at will. This snowball scenario does not require an ill-intentioned Bond-style villain to launch; it can take place as the collaborative result of people trying to earn a bit more money for their mining efforts.
http://hackingdistributed.com/2013/11/04/bitcoin-is-broken/The guy has a history of spreading baseless bullshit to garner clicks. Just like the case of Professor Bitcorn, trolling Bitcoin seems to be good for an academic CV.
102.
Post 7643138 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_12.57h):
I think that there are a lot of fools who dream of riches but who aren't ready to do any hard work for it.
what about those of us that work damn hard at our jobs in order to earn as much money as we can to then buy bitcoin. I work as much overtime as i am offered, and save as hard as i can so i can buy bitcoin, and i would imagine i am not alone. i do not dream of riches - i just feel alot safer having my holdings in BTC which i control rather than in a bank which i do not. If i am making more than the current pittance offered by interest on savings accounts then i am even happier.
I would recommend you to look at better investment opportunities.
In my idea, the best way would be to invest in yourself.
Obtain a needed skill, save up and start your own company. It isn't as easy as buying bitcoins, but it's A LOT more certain and you can have more control of your own wealth.Because... what good is having control of bitcoin units, if you can't control the unit value? If you can't control bitcoin unit value, then you still can't control your wealth. With holding bitcoins, your wealth is just as much or even more out of your control, then holding your money in the bank. If you want to buy a commodity as an investment and stay in control, then buy something that's value isn't highly speculative. (golds value for instance is also highly speculative)
Starting your own company is extremely risky and VERY FAR FROM certain. The majority of company start ups fail within two years after the owner has burned through their savings and remortgaged their house. Troll harder next time
103.
Post 8012141 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_13.00h):
Oh the sweet irony if the hackers wanted payment in bitcoins
Contact details stolen from ECB databaseEmail addresses and other contact information have been stolen from a European Central Bank database following a security breach.
The ECB said the information related to those who had registered to attend its events, such as conferences or visits, and was not encrypted.
However it said other details in the dataset, such as downloads made from its website, were encrypted and no system or market-sensitive information was taken in the attack.
The ECB said the matter first came to its attention after it received an anonymous email seeking money in return for the stolen data.It said it had contacted German police about the theft and an investigation is under way.
The ECB also said it was in the process of contacting those who may have had their contact information stolen, while all passwords on its website have been changed as a precautionary measure.
http://www.rte.ie/news/business/2014/0724/632765-ecb-data-theft/
104.
Post 8302855 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_13.03h):
Bid/Ask depth is only dickwaving. If the price gets a bit of momentum going in either direction walls appear and vanish in an instant.
105.
Post 8927112 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_13.15h):
Can somebody quote me on calling the bottom?
I would like to say "told you" in the future.
Today I had a new insight which confirms my previous prediction about the next bubble start (which you can read at the left)
Do tell?
I will, afterwards. I don't want to look like a moron if I'm wrong
Only morons are allowed to post in this thread
106.
Post 8972868 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_13.16h):
A real Ripple user
107.
Post 8980543 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_13.16h):
wtf is taking so long for my fiat transfer
Should have used Bitcoin
108.
Post 9248015 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_13.25h):
People who try to sell bitcoin as a way to protect one's investment from inflation should be jailed, IMHO.
Surely everybody who has a different economic opinion than yours deserves to rot in jail.....
No, just those who try to swindle others by selling them shares of dry oil wells, water-powered cars, ponzi schemes, etc..
No sane person would invest in cash, unless the money came from some illegal activity, or one is trying to evade taxes.
Real estate, and stocks of large, established and diversified companies are usually a safe investment. Even if they are overpriced at some point, and may crash eventually, there is a limit to how much they can go down before hitting their fair price. Since they are material property, their real value will not be affected by inflation. For those who are too lazy or small to use those investments, there are many bonds and investment funds that are somewhat riskier and offer smaller returns, but will still protect from inflation.
I don't have much to say about gold, except that it seems to be vastly overpriced, and its price charts are not nice at all.
No one can honestly predict the future of bitcoin. It may rise again to thousands of dollars, or it may be superseded by something else and go down to zero. It is a big gamble, a lottery ticket with unknown odds. People should be free to gamble, but must know that it is gambling and not investment.
Yeah real estate is a really safe investment. No bubbles or wild speculating going on in any real estate market ever. I'm going to buy a house right now. How about this one. The razor wire in the back garden is cute.
http://www.rightmove.co.uk/property-for-sale/property-48145727.html
109.
Post 17366809 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_15.00h):
Hi everyone. I was here in 2013 for the last run up to 1000 dollars and now I'm back.
It's been a tough three years but now I just want to hug all you bastards and sing we shall overcome
110.
Post 17366896 (copy this link) (by meanig) (scraped on 2020-04-04_Sat_15.00h):
1000 ... cool but not shocking or even that surprising really, where to from here?
i) Consolidate around the $1k mark, some chance of rather deep dump also but eventually coming back to $1k mark.
ii) New ATH $1165 is now definitely on the top of the list for upside targets. From there $1500, $1800 and $2000 have to be good psych attractors also.
iii) Mad bullish (5th adoption wave) scenario is to keep trucking on the doubling trend, $1800 by end of March, $3600 mid-May, $7200 early June, $9588 blow-off top late June early July.
The next target is 10,000 CNY
