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81  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 14, 2015, 07:29:35 PM
Has anyone interviewed Professor Bitcorn lately about his predictions? Becaus I'd really like some $15 coins and I'd like to know where to get them.

Ask Stolfi instead.

He says BTC is doomed long term(no date so we will never the wrong), and posts here(has this thread in his watchlist)

It doesn't work like that, he would just come up with some passive-aggressive way to change the subject to the fact that you're asking, then pose some seemingly innocuous question to the floor, to which he responds with some trolling that's already locked and loaded.
82  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 13, 2015, 10:15:55 PM
Ripple is an impressive and astounding accomplishment in marketing hoax. Ripple Labs has successfully painted their brand as friendly and amenable to establishment players, yet there is practically zero adoption whatsoever, and Ripple requires establishment adoption because there is essentially no way for it to be useful on a purely peer-to-peer basis. The business model of Ripple Labs depends on XRP being preferred as a reserve currency for building exchange paths, yet the massive founder holdings and mickey mouse lolfunbucks distribution swings like a sword of damacles of counterparty risk over any possible appreciation due to adoption in that way. Ripple is absolutely terrifying, because I am hard pressed to think of any FUD story that is unfairly hoisted upon Bitcoin that doesn't turn out to be literally true about Ripple.
The way I understand it is that the ripple network is less dependant on XRP that what you are describing. It is mostly a bridge currency, useful but not that necessary in my view.

Also, we perfectly know who holds the XRPs, the same cannot be said for the top bitcoin whales who own 50k-100k coins.

Recently we have seen integration with Fidor bank, Earthport and others. The "adoption" ripple labs is going for is doing pretty fine if you ask me. On top of that, the technology is still very new.


I think the dudes at Ripple Labs are onto something huge, and that is actually useful. I'm not 100% convinced on XRP as an investment long term tho.

This is 100% a regurgitation of Ripple Labs disingenuous PR.
83  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 13, 2015, 09:51:46 PM
Ripple is an impressive and astounding accomplishment in marketing hoax. Ripple Labs has successfully painted their brand as friendly and amenable to establishment players, yet there is practically zero adoption whatsoever, and Ripple requires establishment adoption because there is essentially no way for it to be useful on a purely peer-to-peer basis. The business model of Ripple Labs depends on XRP being preferred as a reserve currency for building exchange paths, yet the massive founder holdings and mickey mouse lolfunbucks distribution swings like a sword of damacles of counterparty risk over any possible appreciation due to adoption in that way. Ripple is absolutely terrifying, because I am hard pressed to think of any FUD story that is unfairly hoisted upon Bitcoin that doesn't turn out to be literally true about Ripple.
84  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 13, 2015, 09:43:34 PM
Any speculations on what will happen with the price, once the Ethereum comes in next month ?

Ethereum launching to a jawbreaking yawn closes the door on Vitalik's year-long FUD tour de force and triggers renewed interest in Bitcoin.
85  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 13, 2015, 08:32:29 PM
Contrarian projection: by the end of the year, Ripple will drown in a puddle of AIDS.
86  Economy / Economics / Re: Peter Schiff about the Winklevoss twins interview about the future of Bitcoin on: February 13, 2015, 03:56:38 AM
Peter Schiff is a great commentator on topics he has background and expertise in, and unfortunately this isn't one of those areas.
87  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2015, 09:56:13 PM
So what I've learned catching up on the thread the last couple days is that this is basically the personal blog / tumblr of a few high profile obnoxious idiots, and that "bitcoiners" are apparently stupid assholes because they have high expectations that are often wrong of a completely new technology that nobody has ever seen before and nobody actually knows how to value or project yet.
88  Economy / Scam Accusations / Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s on: February 06, 2015, 09:48:15 PM
RMA?? Please share the drugs you're enjoying!

These guys routinely take a month plus to get back to you if at all over things that wouldn't even be in your favor. What incentive do these criminals have to do any customer service at all, when they're convinced their "contract" allows them to do whatever they want?

On a lighter note, is it possible legendary Internet faggot Alex Sovu is one of the infamous sociopathic Ceaușescu orphans? If so it's unfortunate he wasn't among the percentage of babies who actually die from lack of physical contact.
89  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum made their single biggest bitcoin dump yesterday (80% dumped since Oct) on: February 06, 2015, 08:14:47 PM
This is sucks! They will creating endless coins to themself.

Not only that, the organization dissolves once it's released, so the donations are pretty much a "thanks idiots, later" move.
90  Economy / Speculation / Re: Will buy HUGE amounts of Bitcoins the next hours on: February 04, 2015, 08:19:18 PM
This is adorable, like watching a child first discover the magic of pump and dump.
91  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 30, 2015, 05:39:35 AM
Its hilarious how quiet this thread goes when the price is rising compared to when it falls $10. Just trolls left = confirmed.

10,000 pages ago there actually were interesting posts where people were really analyzing TA and tossing ideas around. Now the best we have is TL;DR walls of text from concern trolls. Lately they've been coming for /r/bitcoinmarkets too.
92  Economy / Scam Accusations / Re: Black Arrow weekly scam update on: January 29, 2015, 07:12:22 PM
Update: 20 January 2015
 
1. Promised shipping date: 24 February 2014.

2. Shipping: refused.

3. Refunds: refused.

4. Black Arrow "claims" that if customers contact them they can have their $5000 2Th/s@1W/Gh X3 miner shipped.

5. No comment on what X1 customers get.

6. Current bidding price on an X3:
7. This is not cool.

have you called them?

There has never been a way to call them. There are bogus numbers listed on the website. When I tried to private message user blackarrow asking how to get in touch with them by phone, I got brutally trolled, threatened, and harassed.
93  Economy / Scam Accusations / Re: Black Arrow weekly scam update on: January 28, 2015, 02:26:09 AM
I'm pretty convinced that they just bought GH/s on cex.io with customer funds for the units their "partner" is supposedly hosting and their Rent-Some-Minions. Unless somebody has experienced otherwise, it just seems like way too much of a coincidence that they went completely dark and ceased all payout almost exactly the moment cex.io announced that they were suspending their cloud mining operations.

It also explains why they insist on ghash.io when the original purchase stated that a Black Arrow pool would be available as well as all public pools, yet from the supposed location of their farm f2pool is the large pool that wound have the best connectivity.
94  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2015, 07:48:40 PM
Why aren't the Greeks and Russians buying?

Can't say anything for Greeks, but Russians are buying USD, because RUB is being inflated much faster than USD, so the majority of the people don't notice any USD inflation.

I'm skeptical of any capital flight pump theories (including Cypress 2013), because lacking robust Bitcoin remittance flows entering the country, if for example a Russian had a way already to put USD or euro on an exchange in the first place, the Russian has already solved his capital controls problem prior to even purchasing Bitcoin. Also in the case of stringent capital controls in these scenarios, I have a hard time seeing what mechanism will arbitrage that local price action into a rising price on the exchanges. Cypress is understandable as a eurozone nation, but ostensibly the buys would've happened after the haircuts already transpired, and what would the supposed Russian oligarchs purchase Bitcoin in Cypress instead of freely converting USD accounts within the eurozone (ostensibly there may be frictions here of which I'm not aware).
95  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 27, 2015, 07:40:05 AM
Good news for bitcoin, like always...



Smiley

Why would an organization that is literally tasked with the legal authority to create what amounts to database entries even consider adopting all this trustless third-party-free blockchain stuff? There is no point to them volunteering to put Bitcoin on the map, when all they really need is their own proprietary shitty Ripple. If the Fed ever has anything to do with Bitcoin it wouldn't be this, it would be interacting with it as an asset after it had already established itself outside of their purview.
96  Economy / Scam Accusations / Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s on: January 19, 2015, 03:22:50 PM
Has Alex Sovu been picked up by UK law enforcement? I've never seen them this dark since after the ASIC came back but they didn't want to admit they had no product ready.
97  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 18, 2015, 08:53:51 PM
Bitcoin wont fail because the technology was revolutionary.  But I cant argue with someone who says its worth .50 cents or someone else who ways 1 unit is worth 1 million dollars

Apparantly someone thought 10000 of them was worth a large pizza, and another person thought it was worth $1200 last spring

Bitcoin acquires value exactly like anything else--bread, tulip bulbs, SexCoin.  The value of USD is not "set" by any authority (you're free to ask $1 or $1,000 for your BTCeanie).
Speculative value is fine.

That's technically true in a somewhat meaningless tautological sense, but highly disingenuous because the explicitly stated purpose of monetary policy via central banking is to produce intentional macroeconomic outcomes through manipulating money. Using the word "set" to describe the alleged mechanism is a strawman oversimplification of very basic facts.
98  Economy / Scam Accusations / Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s on: January 15, 2015, 07:57:11 PM
Throwing people under the bus is just a PR game, they're just finding new ways to play good cop / bad cop and mindfuck you into not going after them. If anything, this is just a sneaky way of having plausible deniability of any promises made by Alexey Andreev via email.

The only change that people are really reporting now is that it seems they're suddenly too busy to pay their Rent-Some-Minions customers.
99  Bitcoin / Bitcoin Discussion / Re: Did pools scare Satoshi away? on: January 13, 2015, 04:25:54 AM
I think coming up with a way to break blocks up so that 250 computers could mine 1/250th of a block while maintaining hash power in the network would help solve the pooling/central hashing issues.

That's exactly what p2pool is, it's a secondary blockchain responsible for trustlessly splitting the coinbase tx by mining lower difficulty shares on the p2pool blockchain.
100  Economy / Scam Accusations / Re: Black Arrow 28nm 100Ghash Bitcoin ASIC from $0.49/GH/s on: January 12, 2015, 10:33:30 PM
The timing and quantity of units they claim MS fraudulently took delivery of looks suspiciously like they may be inventing a cover story for diverting real units toward their Rent Some Minions customers now that cex.io GH's won't generate income.
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