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who the hell are these derps going long on bitcoinica?! Why do I see a star
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400 BTC has been filled. Still looking for another 100.
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Let this message be recorded as a note that I, as an individual, have reached my limit for loans for the months of January and February, unless circumstances change, and I will no longer be accepting loans. This includes ones from my other lenders. I look forward to dealing with you in March.  Well, circumstances have certainly changed... the price fell so much!  Due to a bearish February outlook, I am increasing my risk tolerance in Bitcoin to match the new, lower price. Consequently, I need about 500 BTC more in loans. Contact me for details. |
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Disclaimer: this is an Elliott wave post. You might not really believe in them, in which case it's completely meaningless. Wave 2 right now... next stop $4 Dude, I think I caught the proudhon.. Wait what, you're long term bearish too?! What is the world coming to? Or did you just see $4 and go "oh noes?" |
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Disclaimer: this is an Elliott wave post. You might not really believe in them, in which case it's completely meaningless.Wave 2 right now... next stop $4
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I am especially disturbed by the large miners still at deepbit. Miners with 15-20 Ghash/s could pave the way for smaller pool adoption, if they would only take the initiative. And the irony is, these miners have the most to gain by switching away from a pool with such high fees! It's really incredible that these people throw their money away for variance reduction. Over the long term, it's meaningless.
Anyway, it's time for the miners to wake up and protect their paycheck. If you keep the Bitcoin network in a state where too few people have too much control, don't cry when people lose interest in this "decentralized currency" and stop buying it from you.
Frankly, I'm not too disturbed by that. Saddened, yes, but if you're enough of an idiot to mine at DeepBit with your GH then you deserve to lose money. What I'm more concerned about is the effect that these idiots have on the security and the future of the Bitcoin network as a whole. |
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Wow, it looks like there are now bots that are always looking for open bitcoin rpc ports. It took about 4 hours for you to lose 75 BTC.  |
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Nagle could still be proved right, in the end. We could just be witnessing the fighting last breaths.
Paging cypherdoc to the emergency room! proudhon is relapsing! |
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If the past serves as a guide, then we will indeed be experiencing a long, slow correction down below $5 for the next month or so... Look at last March to see what I mean. But then wave 3 comes  |
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It is apparent that Deepbit is now a community enemy.
That is, Deepbit wields too much power, handed to them by ignorant newbie miners who seem to love throwing away money, and uses that power against the democratic consensus of the developers and, perhaps, community as a whole.
There is no fucking reason that anybody should mine at Deepbit (variance is an excuse that anyone who has a working knowledge of statistics would ignore). In fact, Deepbit should have been brought down months ago. It has had close to 50% of the hash power of the network for far too long, and nobody listened. This is what you get for not listening.
If Tycho believes that he has the right to block progress, then Deepbit must be forced from its position as the largest pool.
I suggest that everyone pledge their hashing power, and when enough is collected in pledges, everyone should switch to p2pool at the same time (so that the transition is smooth).
edit: Everyone should copy my sig... we need Deepbit to fall.
i'm with you. Down with deepbit! I will be PM spamming anyone with deepbit sigs I see and I urge everyone to do the same. Kluge: It's the principle of the thing that counts... one man should not have ultimate control over the direction of Bitcoin. Also, BIP 16 and 17 look almost the same, and it's ridiculous that most devs have agreed on 16 but Tycho just refuses to implement it. |
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This thread has been around for as long as I have. I think you win an award! Most persistent seller... |
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It is apparent that Deepbit is now a community enemy.
That is, Deepbit wields too much power, handed to them by ignorant newbie miners who seem to love throwing away money, and uses that power against the democratic consensus of the developers and, perhaps, community as a whole.
There is no fucking reason that anybody should mine at Deepbit (variance is an excuse that anyone who has a working knowledge of statistics would ignore). In fact, Deepbit should have been brought down months ago. It has had close to 50% of the hash power of the network for far too long, and nobody listened. This is what you get for not listening.
If Tycho believes that he has the right to block progress, then Deepbit must be forced from its position as the largest pool.
I suggest that everyone pledge their hashing power, and when enough is collected in pledges, everyone should switch to p2pool at the same time (so that the transition is smooth).
edit: Everyone should copy my sig... we need Deepbit to fall.
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you people are still at it?
bwaha
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As far as the wife gores
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$0 |
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We're rapidly moving to despair, and it will only get worse this month (and maybe Feb and part of March)
Brace yourselves for $4! Down we go!
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Again, there's no fucking way this is a coin... Hey if you want to sell me that coin, that'd be great  |
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It's a fucked up world. A fucked up place. |
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No one at all sees the interestingly similar slopes/duration on a log chart that this rally/correction has/will have with the March rally/correction?
I predict a steady price decay in the next month, during which all the bears will be screaming "I TOLD YOU."
 of course, left unsaid is what comes after that Triple digits coming THIS YEAR to a market near you! Daytraders: Go long, hourly RSI just reached <30 Short-mid term: Go short Long term investors: Go long |
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48 BTC is owed to 17RiZ1eaAB9e29kuTxTh8UdPyWSiisAyaZ for me.
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