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1441  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2014, 08:35:51 AM
You're all spreading FUD.

Now you're gonna say that Bitstamp is gonna die like MtGox Cheesy
1442  Economy / Exchanges / Re: Which Bitcoin Exchange do you use and why ? on: June 13, 2014, 08:27:10 AM
I personally prefer Bitstamp.
I like the simple, neat and efficient design of the site. The trading screen is not cluttered up like some of the other sites.
You'll have to get verified before you can deposit USD but it's definitely worth it.

You have to get verified before doing any deposits/withdrawals, either BTC or fiat.
1443  Economy / Economics / Re: Silkroad seized bitcoins to impact price? on: June 13, 2014, 07:36:38 AM

Buying them cheap(er) is not a bad idea...right... Wink


So, the logic would be: 30k will be bought cheaper on the private auction, then sold on the public exchange for higher price, resulting in lowering the price?

Is there any explanation/guide on internet how selling of 30k would impact the price - I mean some basic calcs?

Hardly would impact the price. 27k BTC isn't much. It's 0.1% of all that are in circulation. This much is mined in a week.
1444  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2014, 07:27:01 AM
https://twitter.com/jeff_smith01/status/476652314221367297

This is nice. Let's hope they do something fast Smiley
1445  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: June 13, 2014, 07:23:11 AM
What's your take on the 51% situation with GHash.io. Do you think it will harm us?
1446  Bitcoin / Bitcoin Discussion / Re: It's already 48%, No one care about Ghash? on: June 13, 2014, 07:21:28 AM
This gives some comfort: https://twitter.com/jeff_smith01/status/476652314221367297
1447  Bitcoin / Bitcoin Discussion / Re: It's already 48%, No one care about Ghash? on: June 13, 2014, 07:14:25 AM
They just went from 50% to 49%.
ghash.io currently down to 44%.  We are heading in the right direction fellas! Smiley

Still at 49%, where did you see 44?
1448  Bitcoin / Bitcoin Discussion / Re: It's already 48%, No one care about Ghash? on: June 13, 2014, 07:03:47 AM

I'm seeing 3 double-spends out of 500,000 recent transactions, and all 3 are < 1 bitcoin.
Ghash is earning hundreds of thousands of dollars a day. Why would it put that at risk for a couple of bitcoin in a double-spend?

Proof of them being able to do it... I dunno.

Gbozo works in bank and earns millions. He sees some small change on his boss's desk and grabs it. Why? Maybe so he could prove he could do it. Genius!

Whatever, point is they have 50% and they aren't doing anything about it. They should split to 3-4 different pools.
1449  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2014, 07:01:26 AM
Dear god!

https://i.imgur.com/UsTkUQ0.png

I'm scared. I'm really scared.

Are you gonna sell your coins?


No. No way. Let's just hope Ghash.IO stops doing this and possibly returns to 49%.

Guys, 50% is not a magical number. A pool at 49% is almost as dangerous as a pool at 51%.

The probability of a pool solving another 5 blocks in a row after solving the first one is 2.8% at 49% of total hashrate and 3.45% at 51% of total hashrate. Sure there is a difference, but you can't say a pool at 49% isn't something to worry about.

Still it gives a fake sense of safety... I realize we're fucked if GHash.io doesn't do something about this.
1450  Bitcoin / Bitcoin Discussion / Re: It's already 48%, No one care about Ghash? on: June 13, 2014, 06:57:25 AM

I'm seeing 3 double-spends out of 500,000 recent transactions, and all 3 are < 1 bitcoin.
Ghash is earning hundreds of thousands of dollars a day. Why would it put that at risk for a couple of bitcoin in a double-spend?

Proof of them being able to do it... I dunno.
1451  Economy / Speculation / Re: GHash.IO hashrate on: June 13, 2014, 06:55:18 AM
It happened: https://blockchain.info/double-spends

Ghash is moving between 50 and 49%... New people registering most definitely, and then GHash shuts down their own units.
1452  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2014, 06:50:05 AM
Dear god!

https://i.imgur.com/UsTkUQ0.png

I'm scared. I'm really scared.

Are you gonna sell your coins?


No. No way. Let's just hope Ghash.IO stops doing this and possibly returns to 49%.

No way one pool should have all that power..they should split it up into 2 or more pools.

That's what I was saying since the beginning of this "crisis". I have no idea why didn't they do it already...
1453  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2014, 06:41:54 AM
Dear god!

https://i.imgur.com/UsTkUQ0.png

I'm scared. I'm really scared.

Are you gonna sell your coins?


No. No way. Let's just hope Ghash.IO stops doing this and possibly returns to 49%.
1454  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2014, 06:38:42 AM
Dear god!



I'm scared. I'm really scared.
1455  Bitcoin / Bitcoin Discussion / Re: It's already 48%, No one care about Ghash? on: June 13, 2014, 06:34:18 AM
This is good for bitcoin because

Who said it's good? This is awful.
1456  Bitcoin / Bitcoin Discussion / Re: It's already 48%, No one care about Ghash? on: June 13, 2014, 06:28:03 AM
They just went from 50% to 49%.
1457  Economy / Lending / Re: Does fiat currency count as collateral. on: June 13, 2014, 06:24:51 AM
IMHO i wouldn't call it best form of collateral, wire transfers are expensive and take ALOT of time.

Depends what's expensive for you. It's cheaper than WU and it takes max. 3-4 working days.
1458  Bitcoin / Bitcoin Discussion / Re: Do you think future employees of Fortune 500 companies will be paid in Bitcoin? on: June 13, 2014, 06:22:08 AM
I'd accept it definitely.
Now I really wish my paycheck was in BTC, instead I have to do wire transfers all the time.
1459  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 13, 2014, 06:16:38 AM
do we all agree now that we are going down to $500 and $3xx very soon?

LOL, no. What makes you think that?

he is a troll, he lives in his moms basement. Let him be. Ignore.

Done. Phew, I haven't used that one in a while Cheesy


It started happening: https://blockchain.info/double-spends
1460  Economy / Economics / Re: Silkroad seized bitcoins to impact price? on: June 13, 2014, 06:15:11 AM
I don't think someone would dump these coins on the market. Why buy them in the first place?
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