Ouch. Time for a banhammer? On the other hand, he could always registered as somebody else. |
|
|
|
|
The image link doesn't work.
|
|
|
|
The only person scammed was Blitzboom, not Tolsi (see the writeup).
Thanks for the information. |
|
|
|
What makes you think it was me? I'm not trying to get my money back, I lost them on their stupidity. I've changed my wallet. I do not understand how I was tied up with Hummer? He is not me!
Communication misinterpretation? |
|
|
|
|
Woah. Somebody actually hijacked a scammer to get back bitcoins.
|
|
|
|
|
Is this the same Russian scammer who got his wallet emptied after being tracked down? Will the owner get their bitcoin back?
|
|
|
|
|
We have a new lesson:
1. Never download anything from a forum member who do not release the source code or have no history with the community.
2. You should separate your wallet into two type: A spending wallet, and a saving wallet.
|
|
|
|
I really don't think "bitcoin has an immutable destiny therefore we shouldn't try to avoid problems" is a great philosophy.
Rule #1: We aren't invincible. The men who run the bitcoin markets and the exchange services are not anonymous ghosts. We are real people in meat space with reams of law to obey, ID documents, bank accounts, offices and licenses. We can very easily be tapped by the lawmen. Rule #2: Don't endanger men who have nothing to do with your dangerous exchanges. If you guys want to be agorists, that's fine. Please, for the love of Eris, be a lot more cautious. People like me are above-ground persons, not a real agorist. By the way, don't tell me and everyone else your illegal activities. I don't want to be forced t to be a police witness to some illegal activities that's taking place but nonetheless consensual(drug, sex for hire, etc). It is wrong to force your friends into ethically impossible situations. |
|
|
|
Sure, if bitcoin is accepted it would change the world, spur unprecedented economic growth, etc. But it is reasonable to say that acceptance will take time. Ten years, twenty, who knows?
I believe it takes 4 or 5 years for wikipedia to mature, and less than 10 years that people start shutting up about wikipedia and accept it as part of daily life. Bitcoin will grows the same way, as it benefit from network effects. Personally, I estimated a 49 chance of death and 51 chance of extremely wild success in a 5 years period. |
|
|
|
Then how come the price of BTC has gone from 1$ = 0.95 BTC to $1 = 1.06 BTC overnight? The bid price on mtgox is now 0.91 ($1 = 1.1 BTC)
Price is starting to swing now that the effect of the dark pool's coverup is weakening.
Everytime the currency market experience a deep plunge, people goes panickly: "IT MUST BE A BUUBBBBBBBBBLE! WAAAAAAAAAAAAAAAAAAAAI!"  What do you expect? Price is going to keep going up and up? It's going to correct sooner or later. For the love of Eris, we experienced the greatest height of bitcoin popularity so far. And we're going to make an all time high bitcoin posting record, made membership record, and made all-time high downloads. We got slashdotted again, and a popular radio show sent us a gigantic amount of traffic! It's going to takes a few weeks for new services and goods to pop up eventually. |
|
|
|
|
For the love of Eris, stop proposing causes about things you don't know!
|
|
|
|
perhaps we should just table the discussion.
You're welcome to discuss it in the economic forum. I was merely trying to get people to think about their position more carefully, not winning debates. |
|
|
|
Time to get assertions out of the way: http://mises.org/daily/320Speculators, in essence, absorb the risks of trying to prices commodity, and gave us a more stable price for commodities. Let put it this way: In time of plenty, the speculator save up food. In time of famine, the speculator sell food to the starving populace. If he make mistakes in the prediction of the future, he will be punished for it. If he make successful prediction, he will be more wealthy. Thus, we can see how prices are smoothed throughout time. |
|
|
|
Hi, I think speculation stabilizes markets.
I was waiting for this  It is no good that the other side decide to be lazy about it, but you're still not off the hook for making a claim without backing it up. |
|
|
|
|
Did you guys check the block number downloads?
|
|
|
|
The assertation of speculation=wild swings is proven in the commodities market, which is notoriously volatile because of all the speculation that goes on in those markets. To do statistical analysis is above my economic abilities, but I have never met anybody who believes that speculation stabilizes a market.
You can say it's "proven" but that doesn't mean anything. I can say it's proven that free markets work, but nobody should believe my conclusion because I didn't provide any evidence. |
|
|
|
If bitcoins are primarily used by speculators, it will lead to wild swings in the price of bitcoins as they buy and sell, resulting in a fear by the average person of getting into the bitcoin market. There will be rushes where the price goes way up, and drops where speculators are trying to sell them before losing more money/buy them cheaply before it goes up. Many commodities that are heavily speculated with/against/[whatever the right term here is] do the same thing now, and it hinders using them as a currency. Not that they don't make fine currencies, but that the wild swings in what people are willing to trade for it (it's market value) scare people away.
Still an assertion. 1. Speculation. 2.  3. Wild swing. |
|
|
|
The exchange of things of value, whether tangible or not, in the economy is the real measure of how healthy the currency is, speculation just leads to instability. If Bitcoins end up being a speculator's plaything, I don't think adoption of BTC will ever take off in a meaningful way.
An assertion that must be backed up with logical reasoning. |
|
|
|
I think these drops are healthy things
Having learned my lesson from the last crash, I am not surprised. |
|
|
|
|
This is only on MtGox. If other markets follow, than the price drop is for real.
Otherwise, somebody happens to panic in a strong growth period of the bitcoin economy.
|
|
|
|
|
Show Posts
