Ethereum guys are running away with the money similarly how pirate40 did  , ironically it was August back then too. |
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that millionaire's son is secretly cashing out some SR bitcoins to pay for hookers and drugs.
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it's ok, altho i do agree their selling is hurting the price.
this is how coins get distributed. the further the better.
unfortunately, i think Ethereum is a big failure. even worse than an altcoin that would at least have it's protocol already coded and a clear decision made on mining. lots of ppl are going to lose money on that one.
their biggest failure is Vitalik's lack of vision and failure to understand economic motives and reasoning. all that naivete will be built into Ethereum's protocol as we see with their leanings toward scrypt mining.
for some reason I support your hostility towards ethereum. it seems like a couple of good programmers feel butthurt for not inventing bitcoin themselves and now they want to compensate by "making it right". this is a common pitfall of a typical programmer --- they get idealistic and want to make the ultimate platform for everything. while great in theory, in practice they soon discover that for some reason people don't give a fuck. People are happy with IPv4 and no one gives a shit that conceptually IPv6 is so much better. |
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Speaking of a summertime drop, I always remind myself the August 2012 when BTC dropped from 12$ to 8$ and I was about to panic sell. Luckily, I was too lazy to actually sell anything and 8$ turned out to be the bottom. However a drop from 12 to 8 is 33%. We were hovering around 590 for quite a while so a comparable drop would bottom out at 393$. Current prices of 500 are nothing compared to pirate40's defaulting. My reaction to this drop: "bitch please, we've seen worse".
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This is huge! Check it out: https://www.youtube.com/watch?v=ovk-G_sgwmcInfoWars now accepts bitcoin in their store and what not. Anyone who knows what a tinfoil hat propaganda machine that Alex Jones is should know that this is just a beginning. This is all positive propaganda for Bitcoin and I'm sure he will refer to Bitcoin in the future a lot. Same happened to Christopher Greene from AMTV a while ago and I hope David Icke will soon start promoting Bitcoin too. I have personally sent Christopher Greene and David Icke e-mails about accepting Bitcoin donations a couple of years ago but they did not respond. At least now we are finally seeing progress in the tinfoil hat community  It's funny though how Alex Jones is a bit butthurt about not getting into Bitcoin 4 years ago: https://www.youtube.com/watch?feature=player_detailpage&v=ovk-G_sgwmc#t=390Next bull run will be driven by the non-tech-savy-tinfoil-hatters, people such as Rusty Shackleford:  |
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So far, so good with my prediction. Btc is at it's lowest in a long time, here on the second week of august. I expect more drop as the week progresses, but who knows
Good to see this topic revived. Interesting times ahead. |
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http://www.ibtimes.co.uk/bitcoin-suspected-be-nsa-cia-project-1460439The interesting part was that topics referring to NSA/CIA connections were deleted from bitcointalks. Will this topic be deleted? I know this NSA-created-bitcoin conversation is very old but the cited article introduces some pretty nasty claims: The group added that the common program used by most cryptocurrencies to create secure keys is suspected to be back-doored by the NSA.
It noted that a recent WikiLeaks document exposed the NSA's connection with the program used by most cryptocurrencies.
The fact that bitcoin did not use the most popular program to create secure keys shows that the NSA already had full information about bitcoin, according to the group.
"While bitcoin believers portray bitcoin as a new centralised currency, the command structure of bitcoin core development is 100% centralised," CIA Project says.
Smells like FUD, don't you think? But even if some aspects of this are true then Bitcoin indeed gains a fishy smell.
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what you use for it ? for website gambling bitcoin or what ?
interested but im confused.
I don't understand your question, please use proper English. I develop this service because it's interesting to discover what people have stored in the block chain. I secretly hope to find information that is censored and banned in other media. Information regarding the Hollow Earth Theory and aliens for example. Stuff like that: http://www.disclose.tv/action/viewvideo/177726/THIS_WILL_BLOW_YOUR_MIND_Anunnaki_in_the_ANTARCTIC/ |
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what are the practical uses of this, i'm sure there are loads  Let's say you are the owner of the bitcoin address that receives donations for Bitcoin protocol development. You can publish the fingerprint of the new Bitcoin core release in the bitcoin's block chain, having it signed by the address that receives donations. Everyone can then verify the integrity of the new version and be sure that it was released by the person who controls the donation address. If the named address is a multi signature address, the whole development team could sign the release. In addition, let's say you want to donate to erowid.org: http://www.erowid.org/donations/donations_cryptocurrency.phpThey have a static address available for bitcoin donations: http://bitinfocharts.com/bitcoin/address/1BuA9NqUa66k3aVVYExo22rBZRRyJ2vCFrWith cryptograffiti you can compile an additional output address to be included in the donation's transaction. For example, you enter the text "Thank you, Erowid!" and receive the according bitcoin address: 18hJoc46nY3aTL7cFa2Wt88WMHbT7wcdiX Now you make a transaction to these two bitcoin addresses: 1BuA9NqUa66k3aVVYExo22rBZRRyJ2vCFr (donation) 18hJoc46nY3aTL7cFa2Wt88WMHbT7wcdiX (Thank you, Erowid!) and once the transaction gets saved into block chain, the message you attached to your donation is saved forever. Everyone can decode the donation transactions made to erowid and see if there are any messages attached. Similarly, services could be paid for, having short messages attached. Let's say I run an automatic SMS sending service that takes payments only in bitcoins. The SMS sending engine detect a new incoming transaction and decodes the message attached to the payment. The message includes the target mobile number and a short message to be sent. SMS gets automatically sent and the operator gets paid. Endless possibilities amongst others, I have discovered love messages and web address advertising in the block chain. In early blocks there were even links to child porn. gets controversial |
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I just want to say how much I love your product. I have started putting my git commits in the block chain as a proof of existence experiment and recently at the World Crypto Network we put a hash of our Town Hall Meeting in there. This is a very powerful idea. Thanks so much. I hope there will be updates. Thank you for the positive feedback. My service was dying a while ago because I did not get any feedback but then someone had written an instant message with a donation of 0.5$ worth of bitcoins attached. This combined with your reply makes me optimistic about the service. Latest developments (thanks to donations and people showing interest): * optimized the decoder's HTTP queries by initiating cURL only once instead doing it for every query * fixed a minor bug which made a wrong time to be written in the log at 100% CPU occasions * CG Decoder now decodes randomly chosen blocks from the beginning of Bitcoin on its "free time" * added a timeout of 30 seconds for the Decoder's HTTP queries (this should keep the service online more persistently) Already working on: * fix a bug in the user interface that currently obstructs the interface from decoding more messages after some time everyone is welcome to write me their ideas for new changes either personally or in this topic |
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However, deflation is generally regarded as a very bad thing. First, it greatly reduces consumption - why would you pay for something today if you KNEW the price would be lower tomorrow? Second, it hurts investment as it serves as an additional cost to borrowers (assuming you can't really have negative interest rates - something that kind of happened during the financial crisis).
First, this is only the case with hyperdeflation. If the deflation is small enough, no one would care to wait 5 years to buy something with noticeable discount. Second, loans are evil to begin with. They were invented by people who were lazy to do physical work Deflation does not necessarily destroy investing into businesses. It just adds some additional risk that the business generates less money than it was initially given. However, I'd call it diversification. Even though gold gives me much less returns than Bitcoin, I would still hold some gold too for the sake of not holding all my eggs in the same basket. |
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I bet you can rent a lot of ass and pussy in Argentina for bitcoins and get favorable treatment.
So your solution is prostitution?  I wouldn't mind, considering...  Rocío Guirao Díaz Model Rocío Guirao Díaz is an Argentine fashion model from Muse Management. Wikipedia Born: June 27, 1984 (age 30), Buenos Aires, Argentina Someone had to do it... |
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I will panic sell if it drops below 1$.
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After each new order of magnitude in prices sell 10% of your holdings at that moment
this way you will (practically) never run out of initial bitcoins but you will get to diversify into a lot of things
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I just want to thank falllling for making it seem as if things ain't that good in the bitcoin world. I remember a couple of months ago we had a serious problem in the forums --- there were absolutely no bears around. Everyone were anticipating for a rally. Now, at least there's a chance for bears to spawn and weak hands to lose their money. People MUST lose money because the pyramid structure of the global wealth distribution is a primal law of the cosmos that cannot be broken. The pyramid must remain. For the sake of biodiversity, we must have all kinds of losers: the ones who didn't buy in when it was cheap and the ones who sold everything at a wrong time. Falllling's propaganda effectively contributes to the latter.
you forgot to mention those losers who bought bitcoins at high but don't sell them in time to cut loose, there are always bag holder kind losers in the bubble market or ponzi scheme Yeah sure, there are all kinds of losers, thank you for completing my list but I'm sure you forgot to add a whole lot of other types in turn. I gave you n and (n+1), it's called mathematical induction. I see no point in explaining (n+2), (n+3) and so on |
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I just want to thank falllling for making it seem as if things ain't that good in the bitcoin world. I remember a couple of months ago we had a serious problem in the forums --- there were absolutely no bears around. Everyone were anticipating for a rally. Now, at least there's a chance for bears to spawn and weak hands to lose their money. People MUST lose money because the pyramid structure of the global wealth distribution is a primal law of the cosmos that cannot be broken. The pyramid must remain. For the sake of biodiversity, we must have all kinds of losers: the ones who didn't buy in when it was cheap and the ones who sold everything at a wrong time. Falllling's propaganda effectively contributes to the latter.
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It has been coming since the beginning of times The comment in the end is funny though: Underperformance Guaranteed
Sorry, this is going to be a failure of epic (hate using that term, but it fits) proportions.
You say that the CFTC's classification of bitcoin as a commodity is a positive; however, proponents of bitcoin are pushing for a currency classification...you can't have it both ways
I imagine the APs will be thrilled when the value of their baskets are misaligned with the Winkdex spot price.
In the risk factors: "To the extent a private key is lost, destroyed or otherwise compromised and no backup...is accessible, the Trust will be unable to access the bitcoins held..." I'm glad that the safety of the asset is based on whether or not a backup is created
the Winkdex basically has no history, how can we trust the actual pricing accuracy, using momentum of a spot price to establish a spot price for an index is questionable?
This is the greatest risk factor for me: "if APs are able to purchase or sell large aggregations of bitcoins in the open market at prices that are different than the Winkdex spot price, the arbitrage mechanism...may not function properly..." my confidence in this product is increasing exponentially. Give me confidence in the iNAV calculation process for the ETF, how can ETF shareholders trust what is being published, what is to prevent massive intraday swings in premiums and discounts? are the ETF shareholders speculating what the speculators are speculating on? now that's a lot of speculating
It's amazing to me that the Winklevoss twins are going to convince the SEC that this is a legitimate product when there hasn't even been full market acceptance of the underlying to begin with. You are asking regulators to regulate a product holding unregulated securities.
August 06, 2014
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So they say indeed. However, less consumption means less wasting the Earth's resources. Who gives a shit about GDP. Anyone can invent their 3-letter economic evaluation indicator. I can suck one out from my finger right now if needed. If it is so god damn important then why not develop a 3-letter variable that is especially designed for deflation? edit: can't believe GDP is recognized by the Firefox spell checker and DMT is not. CONSPIRACY!!! They want us to be obsessed by GDP. |
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cuz they're fudsters.
Fudsters were used to look like this:  They were originally known as "sceptics" nowadays they are just pathetic attempts to gain status without the hard work |
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Is this from somekinda of vampire softporn movie? Why do these people in that pic look like a bunch of faggots? |
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