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121  Economy / Speculation / Re: I can't believe the margin traders haven't liquidated. on: January 27, 2012, 04:10:34 PM
Grin



lol bitcoinica gamblers

The casino is the hoppingest place in Nakamotown, the rest is pretty much one hot stand after another  Grin
122  Economy / Speculation / Re: How long this correction will take? on: January 27, 2012, 03:01:53 PM
The depth chart on bitcoincharts froze before the big sell off.. I'm starting to suspect them of manipulating the charts.

It's been frozen for several days now.

This chart seems to have worked for me right along through the price decline, the values it has shown seem consistent with the activity.

Is there a better chart I'm missing?

http://bitcoincharts.com/markets/mtgoxUSD_depth.html
123  Economy / Speculation / Re: I can't believe the margin traders haven't liquidated. on: January 27, 2012, 08:21:10 AM
I thought this interesting in that it it doesn't attempt to construct a rational internal model of a gambler's thought processes in making irrational choices. I have seen people who knew to a certainty that they would lose if they followed a round to its inevitable losing conclusion, yet nonetheless enjoyed the pursuit of getting there. This could be one reason why.

Gambling
The almost-winning addiction
Near misses could heighten gambling addiction

http://www.economist.com/node/16056339
124  Economy / Speculation / Re: 15K BTC Wall at $6.00 - Real or Fake? on: January 26, 2012, 05:31:09 PM
Isn't the one at $5.40 starting to look more relevant? Also $5.20 if/after that one goes poof.

I agree, the lower walls are looking much more like sport at this point.
http://www.youtube.com/watch?v=WJaSBsJyOoM
125  Economy / Speculation / Re: Smart Money has left the building… Have you? on: January 26, 2012, 01:25:53 PM
The true believers in bitcoin should be buying up all the bitcoins they can while they're this cheap.  There is no asterisk on Bitconica's buy side, and anyway, true believers would use their own cash to reaffirm their convictions.

I think the reality is that there are very few true believers in bitcoin who have a lot of cash or bitcoins at MtGox.  I would be shocked to learn that the biggest players were in this for anything more than fiat profit, and with few exceptions it's the biggest players who move this market around.

+1
That dirty, dirty fiat money, you don't want it, let me rub it all over myself, ummmmm...
126  Economy / Speculation / Re: Lets find out just how powerful the manipulator really is. on: January 26, 2012, 04:41:46 AM
Excuse me but as the founder and owner of DialCoin, BeyondBanks, DCAO, smallplanet, BitDex and BitTalk Media I'd have to say your concept of "The Manipulator" is juvenile at best.

The real manipulators are the ones keeping the gates. You're looking in the wrong direction.

You are so right Matthew, everyone should listen to you closely on this one.
127  Economy / Speculation / Re: Bitcoin about to TAKE OFF!!! on: January 25, 2012, 10:31:44 PM
Look at it go!

http://www.youtube.com/watch?v=_ehvML9vK-Y
128  Economy / Speculation / Re: seems like bitcoinica leverage starvation is the biggest cause of swing now! on: January 25, 2012, 08:57:21 PM
sell bitcoins and deposit USD then * is gone

Yeah, do that.
129  Economy / Speculation / Re: if you just look closely enough... on: January 25, 2012, 05:35:43 PM
Thanks! For a while there I thought I was the only one who saw it, you see it too, huh?  Grin
130  Economy / Speculation / Re: your long position on: January 25, 2012, 05:32:45 PM
My long position? Like a baby's arm holding an apple. Good thing there's no money involved in that  Wink
131  Economy / Speculation / Re: Bitcoin about to TAKE OFF!!! on: January 25, 2012, 03:56:28 PM
You'r at least 99?

Perhaps I should have been more clear. That is a combined years experience.

178 people with .5 years experience.

That is a lot of experience though.
indeed, I can recognize the hand of a 6 month old in your chart.



The kid in the front, that's the one I'd like to see on the tines of pitchfork. That ad campaign has forever changed my feelings about infanticide  Grin
132  Other / Politics & Society / Re: Has Chris Dodd and the MPAA crossed the 'bribery' line? on: January 25, 2012, 12:36:16 AM
There's been entirely too much apologizing about this. The great thing about K Street in Washington DC is that if you are in Congress the whores pick you up.

Grayson Calls Linda Robertson A "K Street Whore"
http://www.huffingtonpost.com/2009/10/27/grayson-calls-linda-rober_n_335447.html
133  Economy / Speculation / Re: Teflone's Technical Analysis on: January 24, 2012, 11:38:35 PM
Exit stage left!
http://www.youtube.com/watch?v=Q3-a4qWCtIg
134  Economy / Speculation / Re: The Doldrums on: January 24, 2012, 09:13:13 PM
There's been so much discussion lately about price stabilization, welcome to the Pax Manipulus  Tongue


False stability..  Until...  Ka-blammooo

Think of it as a sleeping volcano..

Eventually it has to release pressure... then where it goes.. no one knows! Smiley

Give it some time for short attention spans to kick in and new marks to enter the game. New marks are key, their wide eyed bullishness will make those once burned anxious about missing the Next Big Move. Then lather, rinse, repeat.

Relevant joke:
A man noticed a farmer walking with three-legged pig on a leash. It looked very odd. He said, "Farmer, why are you walking a three-legged pig?"

"Why, stranger, this is no ordinary pig," the farmer replied. "One night our barn caught on fire, and before my wife and I even woke up, the pig had called the fire department, and herded all the other animals out of the barn. The next week, a burglar got into the house, and the pig had him tied up and the police were on their way before I even realized what had happened. Then just last week, I fell into the duck pond and was like to drown, except this pig jumped in and pulled me out. Like I say, this is no ordinary pig."

"Well, that truly is a remarkable pig. But tell me, how did he come to have only three legs?" "Are you kidding? A pig this good, you don't eat all at once."


you are retarded and should be labelled SCAMMER based on this post alone

you even used the word 'mark'...

Your naiveté is almost touching. One can be the Bubba or one can be the bitch, evidently the second is a familiar and comfortable position for you.
135  Economy / Speculation / Re: The Doldrums on: January 24, 2012, 08:50:16 PM
There's been so much discussion lately about price stabilization, welcome to the Pax Manipulus  Tongue


False stability..  Until...  Ka-blammooo

Think of it as a sleeping volcano..

Eventually it has to release pressure... then where it goes.. no one knows! Smiley

Give it some time for short attention spans to kick in and new marks to enter the game. New marks are key, their wide eyed bullishness will make those once burned anxious about missing the Next Big Move. Then lather, rinse, repeat.

Relevant joke:
A man noticed a farmer walking with three-legged pig on a leash. It looked very odd. He said, "Farmer, why are you walking a three-legged pig?"

"Why, stranger, this is no ordinary pig," the farmer replied. "One night our barn caught on fire, and before my wife and I even woke up, the pig had called the fire department, and herded all the other animals out of the barn. The next week, a burglar got into the house, and the pig had him tied up and the police were on their way before I even realized what had happened. Then just last week, I fell into the duck pond and was like to drown, except this pig jumped in and pulled me out. Like I say, this is no ordinary pig."

"Well, that truly is a remarkable pig. But tell me, how did he come to have only three legs?" "Are you kidding? A pig this good, you don't eat all at once."
136  Economy / Speculation / Re: The Doldrums on: January 24, 2012, 08:16:18 PM
There's been so much discussion lately about price stabilization, welcome to the Pax Manipulus  Tongue
137  Economy / Speculation / Re: A little more on technical analysis.. on: January 24, 2012, 07:22:00 PM
no one thinks the price is going up?

i'm beginning to think that market is dominated at the moment by one large entity on both sides, 1/3 of bids and 1/2 of asks, probably holds bitcoinica starfished as well. other participants are too rational and refuse attempt to move market in any direction.  over 90% of actual market speculation is gone. we won't move anywhere significantly without new news and new players/money joining in. what we see on the market right now is approximate bitcoin economy volume trading. this is pure speculation and i could be wrong.
+1
138  Economy / Speculation / Re: To Zhoutong/Bitcoinica on: January 24, 2012, 02:04:27 PM
Speaking as someone who has been standing beside Zhou from day 2, watching it grow, hearing about all the issues and how they were being fixed (stuff that most people don't know about still) and discussing all the legal, business, marketing, partnerships, etc, it really annoys me to see people so ignorant as OP try to downplay all the work that's been put into Bitcoinica.

Your lack of understanding is not Zhou's problem.

Do the world a favor and start putting question marks at the end of your drivel.

Whoops, looks like you hitched your wagon to the wrong star  Roll Eyes

It's fun to pretend, isn't it? Perhaps someday you will get a real job, working as a realtor for Second Life properties in receivership would definitely be a step up for you  Wink
139  Economy / Speculation / Re: Goomboo's Journal on: January 24, 2012, 12:17:09 AM
Only 21 million ever.  I'm investing for retirement with a 30+ year timeframe.  I doubt I'm the only one with such an attitude.  At that scale, BTC will either be worth 0 or at least 10.

Trust me, you have no idea what you may do with regard to accumulating wealth over a time frame like that. I seem to have missed the rise of a generation of one eyed mutants herding us all into stinking cattle pens so far, so that may be a consideration that you will want to incorporate in your careful planning  Wink

The one thing I will say is that no strategy or approach lasts, I tend to follow The Church Of Whatever Works Right Now. For example what worked for me superbly in 2008 is a non-starter today.
140  Economy / Speculation / Re: Comcast DNS Now Fails on Bitcoinica? on: January 23, 2012, 11:58:38 PM
i've entered preferred DNS server numbers into my IPv4 LAN connection settings a zillion times but never really understood what the hell i was doing.  so they don't have to be Cox's but any server i so choose? Grin

Right... you can even write your own DNS server that points every name to bitcoinica's IP if you so choose Wink.

FWIW, I've run a local DNS server since my client was OS2 2.0 and my connection was dial up, with a slow connection it did a lot for reducing perceived latency when web browsing.

These days there are a lot of alternatives, but the standard is a program called BIND, which can be had for just about any platform. Linux distributions provide it universally, and it's pretty tolerable to set up on Windows as well. It does things beyond simple caching that the built-in Windows DNS cache does not.

http://www.isc.org/software/bind

The simplest thing to set up with BIND is a caching server with forwarding, the last time I installed it under Windows ( sometime in the 1990s ) this was the default configuration. You do have to add the IP addresses for your forwarding servers ( e.g. your ISP ) and then point your local IP configuration to query the local name server at 127.0.0.1 .

The reason I mention all this is that I had a hard time replicating the problem described here, I'd never seen it. It had been so long since I did my set up I had to consider why.

As it turns out, my DNS forwarders are Comcast and Google. Here's a portion of my named.conf, one of the configuration files for bind ( the program executable is usually "named" or "named.exe" ).

        forward first;
        forwarders {
                75.75.75.75;
                75.75.76.76;
                8.8.8.8;
                8.8.4.4;
        };

Beyond that BIND will identify the authoritative name servers for a given name and query those directly, in this case NS1.XWAYLAB.COM and NS2.XWAYLAB.COM for bitcoinica.com .

So, using BIND can provide robust name resolution from multiple sources, it worked transparently for me with the bitcoinica .com DNSSEC issue present, most likely by using Google to resolve the authoritative servers and then using those to resolve the actual name.

If you do setup your own DNS, its also easy to resolve .bit IP names.

Code:
zone "bit" {
        type forward;
        forwarders {
                178.32.31.41; // French bit DNS
                78.47.86.43;  // German bit DNS
        };
};
zone "onion" {
        type master;
        file "named.empty";
        allow-update { none; };
};

Good stuff. It reminded me that at one time or the other I've configured some of the alternate DNS services that have come and gone over the years this way.

When I first became acquainted with BIND I had to deal with a worldwide private corporate network parts of which were set up by lazy/crazy people who never bothered to RTFM before they started, definitely the bad old days. It made me handier with BIND than I ever wanted to be. Things are so much simpler these days that I'm definitely out of practice  Smiley
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