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1961  Bitcoin / Bitcoin Discussion / 10 Commandments of BitCoin on: April 11, 2013, 09:51:10 PM
Here's an Idea...but I've only got a couple, we should make a 10 commands sort of like chan's "rules of the internet" but for a healthy BTC economy. help me complete/improve upon it plox...
1) BTC shalt not be a commodity.
2) BTC shalt not be an investment vehicle.
3) BTC shalt not be regulated
4) BTC shalt not be channeled into centralized exchanges.
....I'm gonna continue working on this...could be a very useful tool for the uninitiated.
what do you think?
1962  Economy / Speculation / Re: Max Keiser hired hackers? New BTC exchange coming soon ;) on: April 11, 2013, 09:43:44 PM
yeah, besides.... HES A BROADCASTER! what he spends most of his time on is appearing in the media as a pundit. I know he's got legit history, tons of money, and I like his ideas... but seriously... his main gig is putting his face out there. he's too busy with that to get too seriously invested in that to bother with hacking or scripting or whatever peeps wanna believe he's up to. (protip; NO WAY IS HE SATOSHI, sorry tinfoilhats)
He does have a devious looking face though.
1963  Economy / Speculation / Re: Losers on: April 11, 2013, 09:37:21 PM
I'm a poor-ass son of a bish, but have been following BTC since late 2010... stuck on the frickin sidelines  Angry... however I won a settlement last year and waited for my payday...chomping at the bit to get money in my hand so I could get me some BTC...  Lips sealed ! fucking lawyers! took them until march to get me my moolah, which I dumped a bit (not more than I could stand to lose, but not insignificant all the same) into BTC at 80$. would have 4x as much if I had been liquid a month earlier, because I had already decided how much dollars I was going to risk.
on the upside, I used the last year to study and learn about BTC (even though I still consider my self n00bish) and I really only want BTC to hold forever or until I can pay my rent and electricity with it. Hopefully the wheels of oldworld commerce will not destroy this beautiful cryptocurrency, but if it does, I'm only out a few grand and I will survive.
That said...when it drops under 50$ I'm going in in a much larger way.
fuck da police.
1964  Economy / Speculation / VirTex and other exchanges vulnerable? on: April 11, 2013, 09:28:25 PM
What's to stop whoever was messing with mtgox to now go mess with any or all of the other exchanges? personally I want my BTC to keep, and I still believe in the idea of a complete BTC economy independent of fiat. Day trading and selling short etc. is impeding BTC from reaching the goal where I can do ALL my purchasing with BTC and never even needing to own any fiat ever.
Since mtgox was the largest and richest, ofc they got hit first, but now that they are closed (however temporary that may be) the other smaller exchanges would most likely be the targets now. I cant see any of them having anything close to the security in place that mtgox had, so it will be like shooting fish in a barrel.
this is my paranoia, but still, I'm saying; stay away from the exchanges. best case scenario; you get ripped off...
worst case; continued hacks and security breaches destroys BTC and makes future versions only that much harder to "sell" to a dubious and ignorant general population.
This BTC experiment should be just that! an experiment, and in as much, the community should be a little more experimentally minded and try to do thing differently than was once the norm with fiat. we will never stop the day traders etc. (unless BTC matures into an ubiquitous currency independent of fiat rendering speculation obsolete) but we can move to leave the exchanges to the fiat pigs and try to exist outside of that game. like organic foods...20 years ago you would be hard pressed to find any at your local supermarket. today its everywhere. why? because a small group of informed consumers put a constant demand for impeccability that won over the larger group of sheep who will eat anything as long as it is cheap. the sheep eventually came around to the wisdom of the few.

just a thought (or 3)
1965  Economy / Service Discussion / Re: I think Gox is Lying on: April 11, 2013, 11:26:22 AM
I'm a whole seller of the DDos thing.  I was watching it trade, it happened just as before.  The prices started to sell off for about 20 minutes and then started to lag, and then slower and slower till they were down.

These are customers running to trade btc, either to join the selling or buy the dip.  But when the price moves a bunch, in these 2 cases down, then the lag, then the crash.  DDos wouldn't progressively set in like that.  Ddos hits a site quickly.

I think they opened way too many accounts and can't handle the volume.  Their tx engine keeps crashing/freezing.  Just go offline guys.  It is healthier that way, go offline till you fix your code and upgrade your capacity.

Enough bullshit, there is no evil demon ddosing you.  Who would it profit to do this?  This guy wants to buy back lower? gimme break, he's breaking the back of btc trading.
+10 most sense I've heard all day
1966  Economy / Service Discussion / Re: Dear Mt.Gox, you are not a success on: April 11, 2013, 11:04:36 AM
in my mind i want to tie mining to banking. but maybe thats too fiat
after all the 21 million BTC are mined, wont the miners will essentially be the bank, keeping all transactions working? In a way its similar to the function banks are supposed to do, but with BTC instead. The hardware is the backing, I guess? Its hard for me to completely envision how a BTC economy would look like because not everything has a counterpart, and the motives are (should be) different.
yeah, exchanges...never go there.
1967  Economy / Speculation / Re: How does DDoS affect BTC price on: April 11, 2013, 10:39:39 AM
so, mtgox is pump & dumping themselves?
1968  Economy / Speculation / For $1000000 on: April 11, 2013, 10:36:19 AM
I saw on a different board where a guy did a 5000 Btc cash out late yesterday at peak prices, then the DDoS which is simply trade-bots doing 0.000001 BTC trades and creating the lag.
pump n dump
i can't figure out why people gotta take the very lowest and worst aspects of fiat capatalism and try to force it into bitcoin. I know, because; money, but srsly.
on the other hand, cashing out 5000 BTC is pretty understandable for an early adopter. Making pennys for the last few years...1mil in the hands would feel pretty good rewards.
fuck the police.
1969  Economy / Service Discussion / Re: Bitcoin "crash" Please read news on mtgox on: April 11, 2013, 10:18:32 AM
meanwhile http://blockchain.info/address/1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx

could that be construed as disruptive to the economy?
1970  Bitcoin / Legal / Re: Countries with least regulatory burden for new finanacial institutions? on: April 11, 2013, 10:13:44 AM
There's a few, but you have to pay off the regimes first.
1971  Bitcoin / Bitcoin Discussion / Re: 69,000 Bitcoin Transaction? on: April 11, 2013, 10:11:36 AM
From the latest press release from MtGox about their new servers...they may have moved wallets.

Are you saying the 69,000 wasn't a sale, just moving bitcoins around?
I thought that too, then I thought about the aircraft carrier thing too.
wouldn't either transaction kind of fuck up the economy?
all the guys watching Listen To Bitcoin and see this ginormous bubble and panic sell!
and why would they store that much in one wallet? how much Btc does Mtgox hold?
1972  Economy / Scam Accusations / Re: is cloudhashing.com a scam?? on: April 11, 2013, 09:57:30 AM
anyway, give the guy a break for asking an honest question
Quote
And posted in an inappropriate section before being moved, wow.
n00bz got nowhere else to post
1973  Economy / Scam Accusations / Re: is cloudhashing.com a scam?? on: April 11, 2013, 09:40:44 AM
I think the most accurate scam indicator right now is a newbie with single digit posts registered recently posting "Is [blah] a scam?".

And posted in an inappropriate section before being moved, wow.
mebby...just happens I was looking into cloudhash right before OP posted here. are you a shareholder? or familiar with user BitManiac? Like I was saying... I want to believe...
1974  Economy / Scam Accusations / Re: Bryan Micon's Butterfly Labs Scammer Investigation including Josh Zerlan on: April 11, 2013, 09:36:57 AM
only whores and scumbags actually live in vegas.
1975  Economy / Scam Accusations / Re: is cloudhashing.com a scam?? on: April 11, 2013, 09:09:38 AM
If they are legit, it looks like a good business model, fair payouts. they say they begin in june 2013 but if they are using BFL ASICs that date could be a little optimistic. I've heard that if BFL is actually in the final stages of completing the first run of units (which are all earmarked for developers) and about to ship, that the people at the beginning of the queue might get thiers by june, but more likely, most later orders will see units in about 4-6 months time...plus its BFL...so add a few more months on top for good measure.
Also-the company is run by bitcointalk.org member Bitmaniac, who as you can see https://bitcointalk.org/index.php?action=profile;u=35484 is a "newbie" member since july 2011 and has posted 3 times here. that doesn't look too good to me.
I might consider risking it if he had shorter contracts, but I wouldn't want to lose any substantial money if 1) a scam, or 2) BTC crashes and cant recover.
PS also it says on the site that they have sold over 5000 out of a total 6000 shares. there must be a few shareholders around these forums to prove that claim.
PPS the wiki says they plan to run Minrigs. At 30k a pop that's a hefty investment, even if he just runs one. somehow i don't really believe this guy. its too bad because it would be a nice opportunity if it was true and run honestly. but unfortunately my inner voice is also saying;
"If it sounds too good to be true then it probably is"

oh yeah, he also says on the site that the last bitcoin will be minted in 2040. (off by a hundred years)
1976  Bitcoin / Mining / what will be the date of last bitcoin mined? on: April 11, 2013, 08:47:15 AM
I have read 2140 as well as 2040, even 2114 once.
which is the correct answer? there's a lot of conflicting numbers.
1977  Economy / Service Discussion / Re: MtGox claims no DDoS, can other exchanges confirm? on: April 11, 2013, 03:35:01 AM
This very forum can confirm it:
I think that it is legitimate traffic, but there is a ridiculous amount of it: ~250 requests per second.
indeed, there are now major investors playing with bitcoin, but they play it like every other investment they trade; pump & dump. they are all over the exchanges trying to profit from the fluctuations in price and jamming up the system and bringing the price down. Bitcoin was not intended to be an investment vehicle, but at these ridiculous price jumps, you can't expect the moneyboys to treat it like anything else. could spell the demise of this little experiment we got here.

but yeah, I believe MtGox. Just hoards of greed-head bottomfeeders stripping the tree bare.
1978  Other / MultiBit / Strange behavior in my multibit wallet. on: April 10, 2013, 05:19:24 AM
My bitcoins still show. their dollar valuation does not.
I have 2 tickers - virtex and mtgox but only mtgox shows any numbers.
not totally frightening but worrysome. If one thing goes wrong, what else?
please help me resolve this issue, blocks seem to load fine, if a little slow.
I dont know whats wrong here?
1979  Bitcoin / Bitcoin Discussion / Re: Bitcoins article on the front page of Financial Times on: April 09, 2013, 07:53:46 AM
"on its way to becoming the next bubble"
I agree. We aint seen nothin yet!
1980  Bitcoin / Press / 2013-04-08 Forbes "Will BitCoin Be A Facebook or A MySpace? on: April 09, 2013, 07:41:27 AM
I'm liking Forbes magazine's coverage of BitCoin in general, but I found this one quite well thought out.

http://www.forbes.com/sites/kellyreid/2013/04/08/will-bitcoin-be-a-facebook-or-a-myspace-either-way-its-a-revolution/
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