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1101  Economy / Speculation / Re: the FUD campaign started on: April 04, 2013, 03:50:56 PM
This thread is the best reason to sell since BTC broke 20.

OK, I hold so.
Thanks ElectricMucus.  Grin
1102  Economy / Speculation / the FUD campaign started on: April 04, 2013, 12:14:06 PM
http://www.bbc.co.uk/news/technology-22026961
http://www.guardian.co.uk/commentisfree/2013/apr/03/bitcoin-currency-bubble-crash-not-rocking-financial-markets

This reminds me of 18+ years ago, when the public disregarded internet geeks by labelling them "hackers" or perverts of some sort anyway.

Why so much hatred? What do you think?

UPDATE: more negative press coming today

http://buzz.money.cnn.com/2013/04/05/bitcoin-bubble/?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29
http://news.discovery.com/tech/bitcoin-currency-attacked-130405.htm
http://www.bloomberg.com/news/2013-04-04/sorry-libertarians-history-shows-bitcoin-isn-t-the-future.html

the last one being the most informed article.
1103  Economy / Speculation / Re: OK, THIS IS FUCKING INSANE on: April 03, 2013, 09:00:40 AM
Whatever. I'll die of a heart attack soon enough and my private keys will be lost.  Shocked
1104  Economy / Service Discussion / bitbet.us down on: April 02, 2013, 03:35:18 PM
 Just saying.

Not even sure this is the right forum... in case sorry for OT.
1105  Economy / Speculation / Re: Sold all my BTC@ $94 each on: April 01, 2013, 07:19:14 AM
I NEVER bought any BTC. I mined everything Smiley

Someone paid for your bitcoins. The hardware and electricity was not free.

Electricity was free (college). I flipped my Hardware until it was free.

Which means that someone paid for your bitcoins.
1106  Economy / Speculation / Re: CRASHHHHHHHHHH!!!11 on: March 23, 2013, 09:27:58 AM
somebody is purposely bringing the prices lower wit low transactions and causing people to panic... look at the mtgox trading engine... If you think about it... NO ONE TRADES LATE AT NIGHT!

"The pump & dump Gox robots war"
1107  Economy / Speculation / Re: CRASHHHHHHHHHH!!!11 on: March 23, 2013, 09:25:09 AM
Now will linger around 60 for the rest of the weekend and monday shoot up to 80$. Mark my words!
Yea, I think so. Smiley

+1. Dead cat bounce in progress. Please wait...
1108  Bitcoin / Bitcoin Discussion / Re: Alert: chain fork caused by pre-0.8 clients dealing badly with large blocks on: March 12, 2013, 07:20:20 PM
I'm glad they addressed the issues quickly and in a professional manner though.

Doesn't look resolved to me.
The limit is still there.

OK you can configure 0.8 to reject troublesome blocks to make it same as 0.7.

But the limit is still there.
So I guess the devs will have to wait till 0.7 miners are, say, 1% of the network before releasing  a v0.8.1 without the limit. But then the 0.8 miners are being limited by configuration right now. So again the 0.8.1 miners will need to have some sort of logic that makes them wait till they are a large majority, before accepting larger blocks.

(Almost) catch 22? Or where did I get it wrong?
1109  Bitcoin / Bitcoin Discussion / Re: Alert: chain fork caused by pre-0.8 clients dealing badly with large blocks on: March 12, 2013, 05:06:22 PM
I blame SD.  SD pushed our beta product way too far.  Shame on eric and his greedy little BS company.  I hope its stocks tanks.  I hope miners filter out the 1Dice.  Fuck that noise!

This is witch hunting. And unfair to SD. Which provided and provides a great service to this community.
1110  Other / Beginners & Help / splitting private key in two and giving it to two people on: March 11, 2013, 05:12:19 PM
I'm bothering with a way for the people I care the most to be able to recover the bitcoins in case of my demise.

Let's say there are two people I trust the most in my life and let's call them A and B.

What I have come up with at first was to create an offline paper wallet and give the details of it to them.

But that approach is not enough to give me peace of mind because empowering them with full access to my investments still has risks.

E.g. person A's partner might try to convert my BTCs to fiat and buy me real estate with them because he/she worries about my future and holds the belief that this "internet money thing" is too dangerous for me.

Or e.g. person B's partner is not trustworthy enough to me.

It is unlikely that person A and person B or their respective partners will ever join forces, unless in case of my demise.

So I am thinking: what if I split the private key in two, and I give half of it to each person?

To my understanding, with BTC we use 256bit encryption but in reality we only are 128bit secure. So if I split the private key in 2 each party would have to guess 64bit to recover the full key.

Your thoughts?
1111  Economy / Speculation / Re: MTGO API lag the ultimate indicator ? on: March 11, 2013, 10:07:42 AM
So you say that when people buy and sell much then the price moves?  Shocking!

He is saying: every time the lag goes up to the roof, it's popcorn time. Or heart attack time. In both cases having an alarm about it sounds like a good idea to me. At least until Gox replaces their cardboard-quality-but-working systems with something more solid.
1112  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 07, 2013, 12:18:24 AM
gox trade lag = 12 minutes

Seriously, MagicalTux, you there?

It looks like your active-passive cluster can't really handle the spikes. Where is the bottleneck? CPU? I/OF transactions?
Wouldn't it be time to replace that active-passive cluster with something more distributed?
Transactional integrity is a problem in such systems. Maybe Galera Cluster?
1113  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 07, 2013, 12:09:04 AM
The battle of the titans. On Gox live tonight.

Third day in a row I can't sleep for more than two hours.
1114  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: March 06, 2013, 04:19:07 PM
Quote from: creativex link=topic=85687.msg1590778#msg1590778
Sweet...think I have time to make a sandwich?

Just... don't falt asleep.

I miss the time I could sleep without having the urge to check the ticker every 5 minutes.

Can't this market slow down a bit? Otherwise I'll have a heart failure soon and my coins will be lost.
1115  Economy / Speculation / Re: Breaking solid through $20 ... No going back afterward on: January 30, 2013, 08:13:10 PM
It is just a matter of a few hours.
The 20$ wall will soon be eroded.
It is happening.
It is epic.
And we're here ready for the party.
Oh it feels good. Damn good.
1116  Bitcoin / Mining speculation / Re: I see no sudden increase in total network hashrate. on: January 29, 2013, 07:20:04 PM
Seriously. 10 days with no update and no tracking numbers. And you still believe they have shipped on the 20th.

Of course they have. After all, they are "Avalon". A respectable company with a proven success record aren't they?

But wait. They are shipping from China! Ah sure that must be the reason for the delay. And the lack of updates. And the missing tracking numbers.
1117  Economy / Speculation / Re: Significant press today on: January 28, 2013, 08:39:53 PM
Damn it. I smell the beginnings of a bubble. And I kind of promised to myself I wouldn't get involved in day trading.

ok, look at it this way.  this is just the fundamentals asserting themselves.



 Cheesy
1118  Bitcoin / Mining speculation / Re: I see no sudden increase in total network hashrate. on: January 27, 2013, 08:11:08 AM
Keep in mind the difficulty only changes every 2016 blocks.

The first guy who puts an ASIC miner on the bitcoin network will likely be able to generate a lot of coins before the difficulty reacts to ASICs.

And yet http://bitcoin.sipa.be says that the growth rate is negative. Uhmmmm...
1119  Bitcoin / Mining speculation / Re: I see no sudden increase in total network hashrate. on: January 27, 2013, 08:09:25 AM
Avalon said they shipped but no tracking #'s and they blame customs...didn't you read the avalon thread? it's a good read

I have some experience with receiving shipments from Chinese marketplaces and have had shipments often stopped at customs.

The fact is that a tracking number is always there when the seller has, at the very least, reserved one with the courier. Even the cheapest and dead slow couriers (China Post, HongKong post, EMS) have tracking numbers.

if it the tracking number is not there, the seller has not shipped. Plain and simple. Now of course he will try to reassure you. He will lie to you. Say he has already shipped. This is quite common. He is only trying to keep you quiet while he keeps trying to source the item in that big  mafia of no-name factories and dodgy distributors which is Shenzen. That's why reputable Chinese marketplace sellers generally don't have the very latest unobtainium in their catalogs till production is good enough to guarantee some reasonable supply without having to bribe someone too much.

IMO:
One thing you can rest assured of is that, if there is no tracking number yet, nothing has been shipped yet. And these Avalon guys, assumed they aren't scammers, better know how to get things going in China because if their devices draw too much attention (as they probably do) they will "disappear" from the factories well before their contact can ship them.
1120  Bitcoin / Mining speculation / I see no sudden increase in total network hashrate. on: January 26, 2013, 07:38:02 PM
As one would expect since Avalon DHL shipment officially happened almost a week ago.

Instead I see a slight decrease in both hashrate and difficulty.
As if no ASICs were actually mining, and as if  some GPU rigs were getting retired without replacement.

Just sayin'.
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