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961  Other / Off-topic / Re: There's gonna be a tidal wave/tsunami on: March 01, 2014, 08:54:19 PM
I get my intel from the Akashic records.  It's very possible those movies accurately depict some upcoming occurrences though.  The elite like to show their power through media, like what the hell's with this Pompeii film where the entire ad consists of nothing but volcanic eruptions and a tsunami?  The purge: anarchy?  Complete fear propaganda.  Previewing 4 months before release at that.

You're a complete crackpot.

I'm sure if nothing physical happens, you'll resort to the usual "crank" fallback, which is "It was a spiritual/metaphysical tsunami."

Fucking pathetic.
962  Economy / Service Discussion / Re: Support a Bailout for (MT)Gox.com on: March 01, 2014, 08:52:07 PM
Things that fail should stay DEAD. Any money given to this FAILED BUSINESS will be an IDIOT TAX that will result in NOTHING POSITIVE.

Not a bailout. Have you read this ? https://bitcointalk.org/index.php?topic=489949 (Voluntary Reorganization Best Option for Us All)
Gox staying dead would have repercussions throughout the entire community. Most people say :"see ? I told you bitcoin would fail" ..and so on.
 
While a GOX rebirth will encourage the newbies that a private bank can fail, but a public run exchange (like bitcoin itself) is better, and it cannot fail.

It will be a great example to the world. All the news/media proclaiming the death of bitcoin because of GOX, will look like idiots.

You haven't been involved with Bitcoin very long, have you.

Bitcoin is declared "dead" almost once every year. Gox is no different, and resurrecting its business won't help anything. You want to help people? Then start a donation fund to restore balances that were stolen to the Gox victims. Gox doesn't deserve to exist, because the CEO has zero ability to run a business.

I can't even believe I have to point this out to you. They tried to reorganize and get new investors - and those investors GOT THE FEDS INVOLVED. That alone should tell you something.

The people who say "Bitcoin is dead" will look like idiots over time - and we don't need some half-baked plan to "save" Gox to achieve that.
963  Economy / Service Discussion / Re: Support a Bailout for (MT)Gox.com on: February 27, 2014, 10:16:03 PM

So please, for all the right reasons, show support for a bailout in this case!

I think this is a true test for Bitcoin and the community.


You are, without a doubt, one of the biggest idiots I've ever seen on this forum - and that's saying something, because I've been here since 2011.

Things that fail should stay DEAD. Any money given to this FAILED BUSINESS will be an IDIOT TAX that will result in NOTHING POSITIVE.

I can only imagine how you are so enured with the current legacy financial system that you'd emulate one of their tricks. Bailouts are for cowards, and they punish the very people they purport to save.

Please throw your computer out of a window.

Thanks.

964  Alternate cryptocurrencies / Announcements (Altcoins) / Master who? Ultracoin from Reggie Middleton Beats MSC To The Punch! on: February 27, 2014, 05:22:05 AM
http://www.meetup.com/Reggie-Middletons-UltraCoin-Create-Use-Thinking-Money/events/167987982/


The Future of Money: Long/short Bitcoin trading strategies without an exchange!

    Friday, February 28, 2014

    6:00 PM
    Bitcoin Center

    40 Broad Street, New York, NY (map)

In the first ever UltraCoin meetup, we will review the UltraCoin client and more importantly, perform live trading between bitcoin (BTC) and over a dozen fiat currencies with near real time settlement and access to your funds - ALL without the use of a single exchange! That's right, trade BTC against USD, EUR, pounds, yen, etc. and collect your profits in minutes instead of weeks. We'll review simple and complex trading strategies and solutions. With UltraCoin, I show you how to short Bitcoin, go leveraged long Bitcoin and hedge against Bitcoin volatility into a variety of fiat currencies.
   
Sounds too good to be true? Well, it's not. Come see us to find out more.

965  Bitcoin / Press / Re: [2014-02-21] Free Market Cafe "Descending Mt. Gox" on: February 25, 2014, 07:04:23 PM
Good coverage of the Gox meltdown, imho.

http://freemarketcafe.com/2014/02/descending-mt-gox/

The author, Joel Bowman, is special for me - I first heard about BTC from his articles shortly before the crash of April 2011 and I signed up with Gox just in time for them to lose my email addy to intruders. As a result I've been getting spam to that email account ever since, so Gox has never been far from my mind even though I never used my account with them. Heh.

Aside: I just took a trip down memory lane by Googling "bitcoin crash april 2011". Do it if you have a free moment - the breathless predictions of doom are hilarious reading today and can help to keep the present situation in perspective.


Quite right, and I'm glad you pointed that out. We've been here before - of course under different circumstances, but the emotions are very similar.

On another note, I sent you a PM a while ago aigeezer, was wondering if you ever got that.
966  Bitcoin / Press / Re: [2014-02-17] Mt. Gox Shows Bitcoin's Growing Pains -- Update on: February 18, 2014, 06:02:57 PM
This is what you get when a programmer is in a position that they can't handle. It is like taking the reclusive engineer and pushing them into a management position. The door is always closed, they don't say much at meetings, and if you really could check behind the door - they're working on whatever captures their interest at the moment - ignoring the glaring red flags of day-to-day operational problems.

Gox will self-gox itself, and Mark is solely to blame for the continued opaque management style, the lack of communication and especially - the lack of staffing from a business that is still pulling in over 1 Million a MONTH on shitty volume compared to the other exchanges.
967  Bitcoin / Press / Re: [2015-02-15] Mt Gox is deploying and testing a fix on: February 17, 2014, 05:53:09 PM

I stand corrected - Gox IS dead, and Mark knows it, he just needs to stop people from withdrawing all their funds. Classy. Just the kind of "goxxing" I would expect from an inexperienced businessman.
968  Bitcoin / Press / Re: [2014-02-16] Investing.com - Bitcoin plunges 50% on Mt. Gox as troubles continue on: February 16, 2014, 10:08:25 PM
More like "mtgoxBTC has become more worthless compared to bitstampBTC, bitfinexBTC and btceBTC".

Gox is in the death spiral, and not even an "exodus rally" will save them when the withdrawal switch is flipped back on.
969  Bitcoin / Press / Re: [2015-02-15] Mt Gox is deploying and testing a fix on: February 16, 2014, 10:07:05 PM
I'm sure they'll have it done in "two weeks". That is, if Mark can stop making too many trips to the coffee shop for his whip-cream cocoa drinks.

Gox is dead, he just doesn't know it yet.
970  Bitcoin / Bitcoin Discussion / Re: Reggie Middleton builds Zero Trust Digital Currency Contracts on Blockchain on: February 16, 2014, 10:05:09 PM
The major difference between Reggie's system and Disastercoin/MSC is that Reggie knows what he's doing, has a track record, and isn't trying to game the blockchain and its miners.

Good job Reggie, glad to see a real competitor step up and take the lead from the squabbling coder-fiefdoms present on these forums.
971  Bitcoin / Press / Re: 2014-02-14 BREAKING: Mark Karpeles posts to say MtGox is implementing a solution on: February 14, 2014, 05:42:17 PM
Gox is dead, Mark just doesn't know it yet.

His trust rating is through the floor.
972  Bitcoin / Press / Re: [2013-01-28] REUTERS New York may offer virtual currency regulations this year on: January 29, 2014, 07:17:27 PM
MAN PROPOSES THE SAME THING HE SAID MONTHS AGO, AGAIN
NO ACTION TAKEN TO MAKE IT HAPPEN. AGAIN

Nicely done, gave me a good laugh.

I love how they think a decentralized system like Bitcoin can be easily controlled and regulated. The ensuing lulz will be rather fun to watch.
973  Bitcoin / Press / Re: 2014-01-28 Alcatel-Lucent files Bitcoin Patent Application: Vault to Wallet on: January 28, 2014, 02:13:11 PM
Here's Alcatel-Lucent's institutional stock holders:

http://www.nasdaq.com/symbol/alu/institutional-holdings

Big names, as expected.

https://en.wikipedia.org/wiki/Alcatel-Lucent

They are a global organization that also owns Bell Labs. This is an interesting development. It isn't some patent-troll trying to do a shakedown. I wonder what they are planning...
974  Bitcoin / Press / Re: [2014-01-27] Popular russian exchange closed due to russian central bank's note on: January 27, 2014, 08:22:55 PM
Had a native russian friend check it out - this is a ban, folks.

But I'm sure reddit and elsewhere will say "this is actually good news".
975  Bitcoin / Press / Re: [2014-01-24] Nobel Laureate Thinks Bitcoin is an “Amazing” Bubble on: January 25, 2014, 04:36:14 PM
You guys are a bunch of idiots. Robert Schiller is a very respected economist and he is a lot smarter than you. He may be getting this wrong but he still deserves a lot more respect than morons like you.

And as for the non-existent Nobel Prize in Economics ... nobody cares. Economists even joke about how it isn't a real Nobel Prize. Anyway, he got the award because he did something that you will never be able to do. So STFU and do something meaningful with your lives.


Appeal to authority eh?

Here's what I think about economists in general.

They are pseudo-scientists, masquerading as practitioners in math and probabilities. I'd love to have a job as an economist, I could rake in a nice salary, and be completely WRONG on all of my forecasts - and still have a job.

The fact you even laud this chump says volumes about your critical thinking skills. You do realize that PhD Economists have single-handedly screwed over the US Economy?

Recall when Greenspan admitted he "didn't realize" that lower interest rates would kick-start the housing bubble?

Recall when Bernanke thought that "subprime was contained" before the final crash in the subprime scandal?

Those are only the highlights - there are plenty more examples to go around.

Do some reading, and when you feel compelled to white-wash the entire community here as "idiots", you may want to check if you're just hearing the echo from your empty skull.
976  Bitcoin / Press / Re: 2014-01-21 - DLD14: Satoshi Nakamoto Reveal Himself? (no evidence of-course). on: January 25, 2014, 04:30:33 PM
I want to take every "find satoshi" try-hard and lock them into a room. Then sink that room into a deep ocean trench. Do they not get why he/she/they are anonymous? Are they absolutely insane? Stop trying to "find" anything, you idiots. It seems critical thinking isn't part of their toolset.
977  Bitcoin / Press / Re: [2014-01-23] Wells Fargo Bitcoin summit on: January 25, 2014, 04:27:31 PM
I'll just come out and say it.

We're on the big boy's radar. And this "summit" is just them picking over Bitcoin to see how they can fuck it up - you better believe it. I know people get orgasmic when they see Bitcoin next to a known big-time "name", but this isn't one of those good news kinds of things.

They see it, and they'll try to either co-opt it, front-run it, or lobby the fuck out of it - getting legislation to protect their interests.

Just watch.

Also, another hearty "Fuck You" to the Bitcoin Foundation for getting the ball rolling early on so these bastards have more time to fuck with us.
978  Bitcoin / Press / Re: 2014-01-23 Bloomberg: Lew calls bitcoin place to hide shares Dimon's Incredulity on: January 24, 2014, 08:42:03 PM

A good friend of mine has a theory of how we use "negative entropy" sources to help us more easily get things done.  An example of a "negative entropy" source are words that create a strong emotional response, like "terrorism." 

His theory is that we will use these words (negentropy) to dump entropy into until we've extracted all of the useful work from that source.  At this point, these words actually begin to have the opposite effect on the public as they once did. 

I think we are nearing that point already.  Whenever I hear "terrorist," "drugs," "money laundering," or "child porn" my instant emotional response is against the person who is trying to use these words to advance their agenda. 

Interesting, because I think they've expended most of their power using these words as well. It will become increasingly obvious that all along they were  just trying to scare people into directions that profited them personally. I think Bitcoin will transform the world, and some of these blood-suckers damn well know it. Why else revert to such emotionally fueled rants? They're losing control, and its about fucking time.
979  Bitcoin / Press / Re: [2014-01-24] BBC.co.uk - Bitcoins and virtual currency - how do businesses cope? on: January 24, 2014, 08:38:56 PM
The fact that Bitcoin is entering into these conversations on national media outlets is important. Bitcoin is now part of the financial lexicon, its just a matter of time before live quotes are flashing up on TV somewhere. Having tracked this since 2011, didn't think we would be at this point so soon.

2014 is going to be a rather pivotal year for Bitcoin, I think.
980  Bitcoin / Press / Re: [2014-01-24] ROBERT SHILLER: Bitcoin Is An Amazing Example Of A Bubble on: January 24, 2014, 08:34:58 PM
I'm glad the pompous richie-rich types at Davos think its a bubble. Perfect. We'll buy more time to infiltrate their entire economy that way. Funny how the forces of power and greed work in Bitcoin's favor, don't you think? Greed over saving fees/future valuations encourage adoption, and technical complexity prevents entitled douchebags from understanding it right away.

Perfect.
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