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As you know, sailing the seven proxseas is a tiring and expensive adventure, which is why we sometimes need additional cargo or booty trades... We accept the saltiest of sea currencies, also known as BitCoin. - http://lulzsecurity.com/donateYou think the scurviest of pirates wouldn't want a treasure chest of booty? Bitcoin Booty no less? I hoist my quart of grog toward their salty sails! Yo ho!
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Yeah, probably, so why don't everyone with more than a few k of bitcoins do that all the time? Morals?
You have to automate all the code to exchange and cash out, and use many endpoints while remaining anonymous (enough) to bypass volume restrictions at exchangers and simulate enough activity to be effective manipulating the market. |
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I don't understand what you're trying to say. Once funds are on mtgox there wouldn't be a transaction like that.
You sell coins to precipitate a drop. You buy more back at bottom after inciting excess liquidity. You export your winnings across all accounts - meaning large withdraw from dark pool. Thus many old legitimate coins from virgin blocks into a single booty account outside exchanger(s). LulzSec got the booty! (watch it rise to new highs over coming week, especially with difficulty hitting new high...) |
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I'm certain those blocks of 50 coins were mined, and this transaction was one of the early adopters transfering his bankroll to mtgox.
You don't know how long these were sitting in a dark pool or other reserve before changing hands to someone who actually "withdrew" them from the dark pool / exchanger. |
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MtGox doesn't let you take out more than $1000 a day or $10000 a month. So 1 guy made himself look like a ton of guys who rushed to sell.
If you want pretty graph pull up market volume chart, like http://bitcoincharts.com/markets/mtgoxUSD.html , then click on 10day range or so. Observe the giant red spike that is negative sales flood and volume of sales total. See how this drastically alters the supply/demand curve across multiple exchangers. (Note that you could spike high just as easy with same approach.) Lots of you charting the bitcoin seas with your eyes closed. Not a good idea when the LulzBoat is prowling... ;P |
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... So this basically means they did loopback sales (for lack of a better term) of 17,000 coins to crush the market?
Used to be you could crush supply/demand curve across multiple exchangers for much less... They picked the perfect day, as volume always depressed over weekend. |
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Green line: profit (linear scale)
Orange line: MtGox price (log scale)
OBJECTION!
Sssh, that's supposed to be sekrit. Look at that exponential return on investment instead! |
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...when I start up the last miner, my system blackscreens and I have to shut off the psu and reboot.
Is this something I can troubleshoot with code, or is it some sort of instability? I dont have a kill-a-watt on the system yet, but the power suply Im using is an OCZ GameXstream 700w...
Power to 1kw will fix. If you have supported sensor on motherboard you could perhaps watch voltage drop to confirm. Check for supported lm-sensors or sensor-applet. |
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I wouldn't call bullshit so quickly. I have some suspicions that there are a couple of major problems lurking.
Jacob Applebaum is probably sniffing Tor exit traffic again and some people are using bitcoin miners insecurely or something much less interesting than he is making it out to be. Do not feed the drama queens! |
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why doesn't he just say what it is? why do some people choose to create panic?
Because Jacob Applebaum is an idiot, and has only heard things second hand (rumor). And that is assume he even knows what he is talking about. (Doubtful) Look at all of the "security work" he's been involved in. He is Press Frontman, not actual hacker or talented coder! Jacob Applebaum is idiot! |
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My understanding of Appelbaum is that he would not risk his reputation on spreading lies, but I don't know him personally.
Jacob Applebaum is an idiot! I repeat: Jacob Applebaum is a fscking idiot! He is a posturing publicity whore who cannot hack shit. Just look at this Tor commits - all he works on is lame stuff, not core Tor code! |
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Dollar is strong in Russia, been that way a few decades, at least.
Dollar is global reserve currency... for now. Some in east bloc just early adopters it seems.  Every nation except USA would love new reserve currency, but changing one fiat fad for another is not winning strategy. But non-fiat, non-physical reserve? That could be interesting! |
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<Gavin> So... thanks for the flight?
<CIA> How much cash can we pump into bitcoin exchangers before the community freaks out?
<Gavin> Huh? , uh not more than a $20 per coin exchange rate. probably.
<CIA> That little? We were hoping for ...
<Gavin> I mean, probably two hundred to..
<CIA> ..yes?
<Gavin> Two thousand dollars a coin. That's a good number.
<CIA> Thanks for your time! Have some <REDACTED> and <REDACTED> on us!
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Is this true story? Or onion ?
Of course it is true, facts stranger than fiction. I however remain calm with towel. |
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opensource the mtgox and silk road...
How much is copyleft source worth? I bet it could be made to appear for some reasonable number of coins. |
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They send a letter to cry baby to DOJ, DEA ... I am thinking they will be disappoint. The 'tubes man, always thwarting a good senator's will! |
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An 850kw power supply would blow up your house anyway.
Clearly you don't have enough mining gear... |
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topic is "850 kilowatt power supply" and then i find 850watt?
please to not be teasing me, ~_~;
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One thing I never considered about bitcoin. How am I supposed to pay a hooker with bitcoins?
There's an app for that... |
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