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1  Economy / Speculation / Re: The manipulator is back!!! on: October 06, 2011, 10:18:17 AM
That mountain of bids at $4.47 and $4.45 right now looks rather impressive.  Someone with a lot of cash doesn't want bitcoins to fall much further (than they already have).  They really put a floor underneath the falling market.  Will it hold?
Well, let's see ... the "wall" is 60,000 BTC strong ... there is 216,000 BTC generated *every month* ... so no, unless the fundamentals change (bitcoin starts to be actually useful and used because of that as a currency) then the downward spiral will continue until such change or the final death of bitcoin.
2  Other / Politics & Society / Re: Ron Paul Cheering Entrance California on: October 02, 2011, 10:19:58 AM
You're preaching to the choir, Macho.  Notice the quotes on my statement about voting in a Republican.  I know very well that the two party system is a sham.  I was making fun of the people who think that simply by getting Obama out of the office and putting a Republican in things will get better.
Oh, ok then ... I misunderstood because as bizarre as it is there are people who actually think like that so it's hard to tell sarcasm from serious statement Wink

I guess I get confused by people who think that some of his policies are "nuts" and that he's "fringe" and similar things that are just irrelevant in the big scheme of things ... and don't look at the very important issues that actually matter and do have huge impact on people's lives. He is not going to be an exact mirror image of your beliefs, it's silly to expect that ... but he is 100x better than any other candidate and finally there is someone who can be voted FOR as opposed to voting AGAINST someone as happens too often unfortunately - lesser evil is still evil. I really hope he'll win, it would be the best thing that happened to America in a long time ...
3  Other / Politics & Society / Re: Ron Paul Cheering Entrance California on: October 01, 2011, 10:26:10 PM
I agree.    "But if we just vote in a Republican everything will be better!"

I'm not an American but this is not a matter of parties, those who support Ron Paul do not want to vote for him because he is a republican but because he is Ron Paul! Because of his principles that he advocates for several decades without flip-flopping, ever. I also see that Ron Paul supporters see right trough the BS of Perry the bankster puppet (just like Obama) or Bachman or similar posturing clowns so no ... it's not a matter of "electing a republican", look at the person not the party. He would run like an independent if he had any chance to get into debates like one - but thanks to the  two-party worshiping corporate media he doesn't.

There are really only few extremely important points that I care about with Ron Paul:

1. Ending the FED - which is an entity outside of any oversight by congress wielding huge powers and they're the ones impoverishing Americans and indeed by proxy the whole world. They're the arm of private banksters and wall street sharks stealing the shit out of America ...

2. Ending the useless and pointless wars that are not only costing trillions of dollars further impoverishing people and growing the military-industrial complex but cost the lives of over million innocent people. And are making America less safe, in fact pose a threat to national security by creating enemies all over the middle east and elsewhere ... a principle called blowback.

3. Repealing the blatantly unconstitutional PATRIOT Act that authorizes spying, surveying and kidnapping of American citizens without due process of law, no trial, no jury. There is no more anti-american and indeed anti-human legislation than that ...

NO OTHER CANDIDATE is willing or even speaking of these fundamental issues - not even Obama (who predictably broke his promise regarding wars and pushed for PATRIOT Act renewal), frankly I believe that anything else is more or less a distraction ... it pales in significance in comparison to these things. If I were a gay person, should I worry more about some paper I can hang on my wall or that I actually have a wall and do not live in a tent under a bridge in a security police state surviving on food stamps.

I found this video, it sums up RP's foreign policy and FED stance pretty well:

http://www.youtube.com/watch?v=ohKz9OeiI0g
4  Other / Beginners & Help / Re: Mt Gox & Britcoin have sold out to The Big Brother on: June 16, 2011, 09:54:47 AM
BTC transactions "protected" by TOR can be trivially stolen by malicious TOR end nodes.
Yeah, just like they can be "stolen" by the bitcoin node receiving the transaction Roll Eyes
5  Economy / Economics / Re: Bitcoins price trends (and why the price will be lower later today) on: June 16, 2011, 03:02:17 AM
Then again, the whole point of bitcoin at this starting stage is growth and adoption. If some people dont believe that lots of new people will become interested in this venture, I wonder why are they here here in the forums at all??
I do believe in long term adoption, that's why I'm here and invested in bitcoin but we need to keep it real ... who in their right mind believes the bitcoin economy (that is real products and services exchanged) is anywhere near $120,000,000 which is the current value of all bitcoins? I would be hard pressed to consider it's 1/1000 of that ... this is pure speculation - which doesn't mean it isn't justified but speculation nonetheless which can evaporate overnight.

That's the issue ... if confidence remains high and there is constant influx of new investors/users we may avoid a crash and smoothly transition into more productive economy - it may happen, but I do not give that too much chance after I saw how reactionary is the market. A small fluctuation in the downward direction and the panic will probably start. That's just the way I see it. There is no way a $140,000 worth of products and services is being added to the market every day - I don't think anybody would dispute that.

And why would I want to manipulate the market ... after it crashes I do not think it's coming back any time soon.
6  Bitcoin / Bitcoin Discussion / Re: Why the price didnt go up ? on: June 16, 2011, 02:03:11 AM
Of course he can! He even used a percentage that doesn't end in 5 or 0!! What more do you need??
I think he just missed zero key at the end there ... Wink
7  Economy / Economics / Re: Bitcoins price trends (and why the price will be lower later today) on: June 16, 2011, 01:57:19 AM
It jumped up again dancing in the middle between $19 and $20 ... but sell@20 is consistently rising while buy@19 is consistently declining ... so the trend is clear and quite understandable - as you've said $140,000 new injected money a day is clearly unsustainable by the current bitcoin economy. So it all depends on what the hoarders do ... if only few decide to cash out the panic is on.
8  Economy / Economics / Re: Bitcoins price trends (and why the price will be lower later today) on: June 16, 2011, 01:29:24 AM
W/e, panic is a great way to make fast cash. Just discover some more tactful means of delivering your fear propaganda Cheesy
Fear propaganda? Cheesy

Since I posted that comment, price has gone under $19 and I doubt it has anything to do with my "propaganda" lol, most folks do not even read these forums. Just watch, we'll see Wink there is always that possibility that some big investor will step in but short of that, it's going down like a rock Smiley That's just my wild guess or maybe not so wild ... feel free to take it as an insane ramblings of a guy on an internet forum which you should!
9  Economy / Economics / Re: Bitcoins price trends (and why the price will be lower later today) on: June 16, 2011, 01:07:55 AM
...its been bouncing between 19.1-19.9 for days now. Nice try.
No, it IS going down ... it's just a matter of buyers realizing that fact and that it isn't going any higher (and that around 7000 new BTCs enter the market every day) which is going to happen soon and then ... PANIC TIME! Wink The only question is, how low will it go before it stabilizes ...
10  Economy / Trading Discussion / Re: Price stabilization on: June 16, 2011, 12:31:09 AM
It will be a panic sell, I bet.
You can literary bet, sell your bitcoins and buy when the crash happens ... that's what I'm doing, the crash is imminent any moment now. It depends only when will the buyers realize the price isn't going any higher, it's going to slowly decline instead as new coins are mined and sold off until the panic happens Wink watch, it will be fun soon IMO!
11  Economy / Trading Discussion / Re: Is Bitcoin/Mt.gox under an orchestrated attack to destroy confidence? on: June 16, 2011, 12:14:33 AM
Even a 100mbit/s downlink DDoS costs about $500 per day on russian forums by western union.
Utilizing a big botnet is not free at all.
Not if you own the botnet and do it "for the lulz" which may be the case ...
12  Economy / Economics / Re: Bitcoin price being artificially stabilized? on: June 16, 2011, 12:10:35 AM
The price has stabilized because the speculators bailed (after they've played the market with pump and dump). What you see now is just an intertia from eirlier, it will come down ... significantly! Probably to a few dollars bitcoin. If no more speculators with a lot of money come of course to execute another pump and dump Wink
13  Economy / Economics / Re: Bitcoins price trends (and why the price will be lower later today) on: June 16, 2011, 12:04:02 AM
I could start an order right now for $20 and bring the price back up.
Yeah, feel free to do that ... everybody has his own way to burn money Cheesy

But seriously, the only thing you would accomplish by buying that much bitcoins is lose shitload of money ... that's the reason nobody is doing it as you may have noticed Wink unless you have several hundred thousand and the guts to do  pump&dump scheme ...
14  Economy / Trading Discussion / Re: Price stabilization on: June 15, 2011, 05:10:40 PM
Stupid

Not installing chrome just so I can see those two webpages, there is nothing chrome does that FF3 can't do. Fuck forcing users of your website to use only a specific browser
Actually ... there is - websockets. FF3 can't do it and it's disabled in FF4 by default ... so, that's why chrome. I'm using FF too but installed chromium for these two sites, I'm back to FF as soon as it supports websockets by default.
15  Bitcoin / Bitcoin Discussion / Re: Oddly Stable on: June 15, 2011, 12:57:25 PM
What is your basis for believing BTC's actual value is "hundreds of times its current value?"
I think he is right, just got the direction wrong Wink
16  Bitcoin / Bitcoin Discussion / Re: Oddly Stable on: June 14, 2011, 09:33:11 PM
Big guys have taken a nap in the face of the recent turbulence Smiley As soon as things stabilize a little they'll come back and the roller-coaster in on Wink
17  Economy / Trading Discussion / Re: Is Bitcoin/Mt.gox under an orchestrated attack to destroy confidence? on: June 14, 2011, 09:10:01 PM
seems like TradeHill is now under attack Sad
Hm, in what way? Works for me it seems ...
18  Economy / Trading Discussion / Re: Is Bitcoin/Mt.gox under an orchestrated attack to destroy confidence? on: June 14, 2011, 06:01:31 PM
http://securityforthemasses.blogspot.com/2011/06/bitcoin-exchanges-hacked-by-buttsec.html

Looks like Mt Gox has been compromised, but more to prove lack of security and less to do with destroying bitcoin confidence.

Well, the statement implies that Mt.Gox is down because it was "compromised", as far as I understand it is actually under DDoS attack ... if it's "compromised" what is the need for a DDoS to take it down? I don't know ... by whatever the case, it seems "Buttsec" doesn't have evil intentions Wink

Quote
"ButtSec

Oh hai. We've gained access to some Bitcoin exchange sites. Obviously this includes Mt Gox, which is currently down. Hm wonder why?

Here at Buttsec we're fans of Bitcoin, but we must get the message out there that security is sorely lacking on many of the exchange sites! We will speak with some of these sites in the coming days. If your users aren't given answers, expect some information to make it to the public! ;-)

Yours truly, Buttsec

Bitcoin donations: 15gvHsFAq5RQaFSzUFQUCTCqAjrVoMjv2P
Twitter: @buttsecurity"
19  Economy / Trading Discussion / Is Bitcoin/Mt.gox under an orchestrated attack to destroy confidence? on: June 14, 2011, 04:34:28 PM
This got me thinking ... a bunch of interesting events happened recently:

1) first there was a panic sell off which was further fueled on these forums by a group of trolls until measures were taken to get it under control
2) Mt.Gox got crashed what was a middle of the night in Japan where it is located
3) DDoS on Bitcoin website along with Mt.Gox again in the middle of the night and previously other sites
4) mounting suspicious cases of reported "hacked accounts" on Mt.Gox

Any one of these events alone would be non-conclusive and probably coincidence or true incident but taken all together it may appear there is a group that is trying to ruin confidence in Bitcoin. Motives to do so may be numerous ... the simplest one is profit, make people sell and then buy cheap, wait for the price to go up again - profit!

Has any of the "hacking incidents" got confirmed or acknowledged by by Mt.Gox? I'm not aware of such a confirmation ... I would push for an official statement to make sure this is not a FUD campaign by some people ... I do not want to accuse anyone of anything but this is the Internet - it generally isn't a good idea to take a word of some anonymous pseudonym on a forum seriously especially in cases where money is involved.

In one instance the "victim" claimed to have $7,000 withdrawn even that only $1,000 is possible a day, something doesn't smell right here.

So be careful people and do not panic, it's possible that's exactly the goal of such campaign. Every time someone alleges his funds got stolen demand official statement from Mt'Gox whether they can confirm or deny such claims.
20  Other / Beginners & Help / Re: MT. Gox seems down on: June 14, 2011, 03:10:37 PM
Ah, we need more exchanges ... ideally with cross-connected trades like suggested by Rick Falkvinge of the Swedish Pirate Party - http://falkvinge.net/2011/06/10/bitcoins-four-hurdles-part-four-exchanges/

Good that TradeHill is starting to gain some momentum already - but they need pretty charts Tongue
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