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421  Economy / Speculation / Re: Butterfly Crash on: January 09, 2013, 02:13:08 AM
You must be Sherlock Kholmes
FTFY
422  Economy / Speculation / Re: Butterfly Crash on: January 09, 2013, 01:33:06 AM
Hehe. I pleased you like my Iranian emphasis
С каких пор иранцы пишут кириллцей?
423  Economy / Speculation / Re: Butterfly Crash on: January 09, 2013, 01:15:11 AM
First ASIC arrived! BUUUUUUUUUUUYYYYYYY!

http://youtu.be/e4wFkhafEdA
Quote
gigakhashes
424  Economy / Service Discussion / bASIC sold to "the Asians", ASIC delivery postponed to the end of March on: January 08, 2013, 11:50:20 PM
https://www.btcfpga.com/forum/index.php?topic=954.0

your thoughts on this? (please read the whole thread)
425  Economy / Speculation / Re: Butterfly Crash on: January 08, 2013, 10:10:08 PM
I don't know who is who, but the one next to Pirate looks a bit like Stephen Hawking  Wink
That's Goat!
Well, that explains a lot.
426  Economy / Speculation / Re: Butterfly Crash on: January 08, 2013, 09:50:17 PM
[quote author=kokojie link=topic=135295.msg1442371#msg1442371 date=1357680963
Which victim did pirateat40 personally meet? also I thought we only have pirateat40's suspected name and address, not a confirmed one. Maybe I'm wrong about that.
[/quote]
uhh.. I can't believe I have to do this, but just for the sake of the argument. Behold :


A photo from Las Vegas. (I couldn't find the original one without captions, but whatever)
I don't know who is who, but the one next to Pirate looks a bit like Stephen Hawking  Wink


Pirate himself

source : https://bitcointalk.org/index.php?topic=91252.60  (you could have found it in 5 second if you wanted to)..


BFL = scam possible, but unlikely.
Let me repeat it for you, in case you didn't understand : BFL managers were convicted of a huge scam in past. They took several million dollars.
427  Economy / Speculation / Re: Butterfly Crash on: January 08, 2013, 08:50:53 PM
Let's see how they are similar:
1. BTCST was operated by one unidentified unknown person. BFL has nearly 20 employees and we know exactly who their CEO is or where he's located at.

2. BTCST promised something that was mathematically impossible to sustain for any extended period of time. BFL promises something that is very possible by utilizing known technology, and the same product is being worked on by several other companies.

1. wrong. people knew his name, face and address. he even personally met with his victims prior to the scam. regarding BFL, yes, we know their management. we also know that prominent members of BFL were convicted for a multi-million scam in the past.

2. feasibility of scammer's promises has nothing to do with his willingness to fulfill them.

it seems that Pirate and BFL guys have more in common than you previously thought, right?
428  Economy / Speculation / Re: Butterfly Crash on: January 08, 2013, 08:03:47 PM
Pics of bfl "rigs" from CES

http://codinginmysleep.com/coding-in-my-sleep-goes-to-ces/

But chips... Are there any chips?
Wow. Three plastic boxes. Must be an ASIC without a doubt.
429  Economy / Speculation / Re: Butterfly Crash on: January 08, 2013, 07:47:26 PM
Not what you said, but totally the ranting, hard to follow, no evidence for claims way you said it.

hard to follow? well, let me sum it up for you then.
1, BFL is likely a scam
2, thus its bankrupcy is only a matter of time
3, if it goes bankrupt, the price is bound to fall rapidly

As for evidence, the burden of proof is on BFL, as they were originally supposed to deliver in November.
Price going down after a major scam is a common knowledge. Go to your local library and ask for a university textbook on economics.
430  Economy / Speculation / Re: Butterfly Crash on: January 08, 2013, 07:35:02 PM
I don't say this often, nor lightly but...

Cool story, bro.
Yeah, that's exactly what people said when the thinking minority warned them about Pirate.
431  Economy / Speculation / Re: Butterfly Crash on: January 08, 2013, 06:47:04 PM
Although I shouldn't be saying this, because I'm holding mah btcs, I have to say : guys, you're fucking stupid.

Some of the you claim to not see any link between potentional BFL failure scam and a price crash. You obviously don't understand how markets work. Trust is the single most important thing on financial markets. If people are upset that they got scammed (again!), they quickly get the feeling that bitcoin is doomed. Yes, it is strongly exaggerated, but investors tend to exaggerate. Also, since bitcoin is an emerging market it needs new investments. Bad publicity = close to no new investments.

And before you start saying : 'hurr durr, real life scams don't make dollar price fall' let me say that you can't compare bitcoin to dollar.

Also, for those of you who say that bad news in 2012 didn't affect the price at all, please go see a doctor. There's something wrong either with your memory or eyes.

If When BFL managers hit the road with gullible people's money in their pockets, the price is going to go down for at least a few days. The only reason why I'm holding btcs right now is to exploit the recent discrepancy between Bitstamp and MtGox prices.
432  Other / Politics & Society / Re: Breakthrough in understanding reality (The Farsight Institute) on: December 05, 2012, 11:48:35 AM
Is this one of dank's sockies?
Doubt it.
Dank's posts are not this long and coherent and usually contain more bullshit per letter.
433  Economy / Service Discussion / Re: I lost my job, because of bitcoins! on: December 04, 2012, 11:42:18 PM
Start traficking drugs. It's basically the same job for a better wage.
434  Economy / Speculation / Re: can we have a RALLY! thread yet? on: December 04, 2012, 10:20:33 PM
News has been good, but I feel its more of a pull from the reward halving than a rally of newcomers.  Look at the size of the ask depth dropping, supply is dropping with the reward halving, just took a few days.

Geez, didn't you hear?! The reward drop was already priced in!

 Grin


Exactly... EVERY reward drop from here till 2040 has already been priced in... In fact, everything has already been priced in. This is about as good as it will ever get, it's just crash and burn from here on fellows. FUD FUF troll troll FUD troll.  Grin

Generally anticipated events are always more or less priced in. If we knew, half a year ago, that wordpress would accept bitcoins on a certain date, there would be no rally.
435  Economy / Speculation / Re: can we have a RALLY! thread yet? on: December 04, 2012, 06:57:59 PM
Fear and greed...

Everytime something fucks up, the forum goes like "oh, fuck, we're doomed. btc is dead."
When something mildly positive happens, people scream in ecstasy as if btc was going to become the new reserve currency. You guys are overreacting.
436  Economy / Marketplace / Re: Underground business... on: December 03, 2012, 10:47:05 PM
I've been asking myself the same question. Speaking of which, if you guys want to invest some money and you don't mind technically breaking the law, you know where to find me.
437  Economy / Speculation / Re: It's quiet, too quiet. Especially after everyone predicted a major rocket. on: December 03, 2012, 07:15:42 PM
If BFL fails to deliver its non-existent ASICs, there will be a sudden fall and a quick recovery.

That depends on your definition of quick. If they fail to deliver there will be lots of rage quitting. Not only from those who got burned but also from people who expected the community to get it's shit together by this time.
I wouldn't be surprised if the whole thing would last over a year.

The recovery after Pirate's antics came after a few days. Bitcoiners are die-hard optimists.

By the way, weren't ASICs supposed to be shipped by the end of the year? What happened?
438  Economy / Speculation / Re: It's quiet, too quiet. Especially after everyone predicted a major rocket. on: December 02, 2012, 06:59:01 PM
If BFL fails to deliver its non-existent ASICs, there will be a sudden fall and a quick recovery.
439  Other / Off-topic / Re: You believe in god on: November 19, 2012, 10:23:38 PM
shitposting at its best
440  Other / Beginners & Help / Re: Got scammed while buying BTC with paypal, what should I do now? on: November 19, 2012, 03:21:22 PM
Is 4chan giving you troubles?
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