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1341  Economy / Speculation / Re: Should we ask bitstamp who is that seller? on: October 07, 2014, 04:17:00 AM
is there a proper accounting of the whole event? did the entire 30k get bought? what was the total $ take? I'm not even sure why someone would do that let alone who. craziest thing I ever saw.

this is beautiful https://www.youtube.com/watch?v=-uX_bB_4VJk&feature=youtu.be

I suppose the facts may become slightly more clear in the following days, but wow, just WOW!
1342  Bitcoin / Bitcoin Discussion / Re: Bitcoin was an answer to a question on University Challenge (BBC quiz show) on: October 07, 2014, 04:03:06 AM
LOL I've never seen University Challenge before, but I knew about it from great Irish punk band The Undertones!!!

from "My Perfect Cousin"

He's got a degree in economics
Maths, physics and bionics
He thinks that I'm a cabbage
'Cause I hate University Challenge


I was mental for this stuff when I was a kid
https://www.youtube.com/watch?v=Pgqa3cVOxUc
1343  Bitcoin / Bitcoin Discussion / Re: Did you notice the silence about this bitcoin crash in Mainstream media! on: October 07, 2014, 03:55:42 AM
I saw a link to a time magazine article today... if time magazine is even relevant? NYT's resident nobel lauriate took time to gloat...

reddit and twitter were all over it. But I mean, let's face it, unless you are invested there's really no story unless BTC is prepared to sh&t or get off the pot. If it dies, they will all have their say, if it "to the moon" they will also have something to say. I would bet there are journalists out there with both stories ready to go to press. Meanwhile, to everyone who does not have any btc...this has basically been a non-event. A boring story.

Like the world of finance in general. Most people dont want to know how finance works. And they find it dull unless it is associated with scandal. (or ridiculous winfalls of great luck)

As for financial journalists, how often can you reiterate that btc is unpredictable and nobody knows where its going to go next?

caveat - I find btc fascinating. when else has a commodity transformed into a currency before our very eyes?

EDIT- I DID notice that the 30k sell wall manbearwhale thing got very little mention anywhere but the most entrenched niche news sources. The sell wall and the reletive ease with which it manipulated the price, not to mention....who exactly was responsable for that???  IS interesting news imho.
1344  Bitcoin / Bitcoin Discussion / Re: Any reference books or scholarly books about cryptocurrency? (Bitcoin) on: October 07, 2014, 12:11:46 AM
Andreas Antonopoulos just released (or is just about to release) a book on bitcoin. here you can purchase as ebook here http://shop.oreilly.com/product/0636920032281.do. from what ive heard it is quite good, for both general readersv and advanced students of crypto. not a physical book, but has all the library #s and ISBN etc, so its a legit publication.
1345  Economy / Securities / Re: Invest in a profitable and established eBay store on: October 06, 2014, 11:31:58 PM
yeah, I dont really understand where you are going with this either. Dont get me wrong, most of what I buy online is vintage stuff (clothing and books) and I have messed around with ebay to very little success. Most clothing I get from either etsy or private retailers like rustyzipper.com, ebay isnt that great really. books i get from abebooks usually, or i go to a vendor aggregator like alibris for rare stuff.

I would first gather more stuff to sell. Then I would divide my stuff up - old video games and tech stuff like the projector I would for sure leave on ebay, the briq-a-brak and decorative stuff I would get onto etsy (keep in mind, etsy has an aesthetic standard and your collection should look like you put some effort there, not a church jumble sale.)

Anyway, it is interesting to see the first public attempt to sell vintage for BTC, as I have looked at the notion of selling collectibles for btc, but unfortunately, for the majority of the btc hodlers, vintage means sofubi from the 1990s and maybe old commodore 64 game cartridges.

EDIT- actually, now that I think about it, you have inspired me to get off my butt and photograph the thousands of dollars worth of 50s-60s vintage clothing and accessories I have laying around and put them up on etsy. Etsy allows vendors to accept btc. you just mention it in your item description and the buyer sends you a pm to set the deal up. Wink

1346  Bitcoin / Bitcoin Discussion / Re: Bill Gates: Bitcoin Is 'Better Than Currency' on: October 04, 2014, 07:13:31 PM
Jumped the shark
1347  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: October 04, 2014, 06:59:37 PM
Ken Slaughter is a tough guy to track down but after months of dogged pursuit all my hard work was about to pay off. The email, from the current cryptically titled corn_holio@intellyhahs.com mocked me from my inbox even before I saw it. Seems as though Kenny is back and he's up to his old tricks once again. The email contains a telephone number and instructions as how to use it, from the pay phone, beside the gent's in back of Popeyes, kenninge court shoppers concourse keninge south pol hill Newburyport. I can't understand what it says. I only speak English, but fortunately I do have connections. An old buddy of mine is a linguistics and dialects specialist with the DoD and he just so happens to appear as a pop-up screen as I am still lingering over Kenny's puzzling electronic mail.

"Hey-yo 10-4 good buddy... Just a 109 on the roger delta over and out!" Shouts my old chum in his endearing military clip. It really is good to see him, but why now?

"Operations have been narrowing in for quite some time mi compadre, quite some time," he pauses briefly to turn the gooey cigar butt in his war-battered jaw."you might say we are approaching an event horizon concerning all things Kenny "little G" Slaughter, and it looks like the chickens are coming home to roost!"

This is incredable,  almost too good to be true, but it is not, not by a long shot. No siree. Uh-uh. We haven't even opened the mysterious email from Kenny and already it seems international events are in escalation as we speak! What will happen next?

Stay tuned to this thread for more shocking adventures of two fisted microchip engineering and rye-soaked "coding" from the dossier marked "Kenny, a fool in the city"
1348  Other / Meta / Re: We Don't Accept Unconfimed Transactions, Why Accept BS Posts All Day? on: October 04, 2014, 06:10:30 PM
So... Youse guys looking to hire some editors?
1349  Bitcoin / Bitcoin Discussion / Re: Coins in the Kingdom: The Bitcoin Conference at the Walt Disney World Resort on: October 04, 2014, 05:50:28 PM
This thread makes me suicidal ideation. Disney is nothing more than marketing taken to a level of science. Aimed at kids?!? And people line up to buy it?!?! Paying thousands. I can't imagine.
Walt was one crack'd genius, though.
1350  Bitcoin / Bitcoin Discussion / Re: Bill Gates on bitcoin technology on: October 04, 2014, 12:58:20 AM
He is very careful to mention that he doesn't think BTC will be the one. More and more I get the feeling that btc is the experiment. They will watch it and learn as it fails, then make a crypto that fixes everything that is wrong and copies everything that works, put their billions into marketing and infrastructure (or hop on btc's existing infrastructure) and go from there. Like he says - most don't care about anonymity, they want security and convenience.

Not good news for btc imo

Actually, bollocks. Neither you nor Bill Gates have a clue what your talking about.

For a start, Bitcoin is not a centralised money issuer, so who is "they" in the phrase "They will watch it and learn as it fails" ? There is no "they" other than the flotilla of alt coins that has emerged and consistently failed to get anywhere near Bitcoin's market cap. Not a single one of them has made the merest dent - apart from maybe Litecoin which for a few weeks managed to reach a paultry 5-10% before falling back into oblivion.

Secondly - hashrate. The bitcoin network hashing power is now measured in "Peta" hashes. That is a phenomenal amount of network power that dwarfs everything else into insignificance. That kind of network power doesn't appear overnight. JP Morgan, Goldman, Microsoft, the NSA could spend as much money as they like and never get near that hashrate and level of redundancy. What that means for holders is **security**.

Thirdly - network effect. It takes years for the kind of infrastructure that Bitcoin has (and is evolving) to be built up. Just looks at the latest Circle offering for example. For an enterprise like that to get off the ground takes years of evolution. No VC is going to go near a digital currency that hasn't proven itself. Bitcoin has been Hacked, Goxed, "China"d, "Malliability"'d and generally kicked to death in the press and emerged from all of that without a scratch. You can't spend your way into that kind of confidence. After 6 years it's now having a ton of investment ploughed into it and we've yet to see the half of that start to bear fruit.

Fourthly - institutions. It takes 1-2 years for an ETF to make its way through the regulators red tape. Towards the end of this year we're going to start to see the first major vehicle for institutional investment in Bitcoin. That will be a game changer and probably the final nail in the coffin for any potential contenders.

Make no mistake, alternatives had their chance and didn't even get near - Bitcoin is simply too far down the line already for any turning back. Whatever technology enhancements are needed from now on will be applied to Bitcoin itself rather than starting from scratch.



actually, you are missing my point. Maybe I wasnt clear when I mentioned btc being the "experiment" and you interpreted that as my beleif that it is doomed, this is not my belief.

I was trying to point out the bias of the reportage. Bill was careful to put out that he "doesnt think btc will be the one" right away at the beginning when asked about it. That is not a pro-btc stance imo. What he implies is that the technology is good, but the specific product of "BTC" wont make it. I want toi disagree wholly with his opinion, for sure (I back the btc) but none the less, his position is to not definitively name btc as the winner of the crypto race. Of course these type of billionaires are usually vague about the future and careful to not say anything that could be interpreted as investing advice, so he is more or less obliged to appear to not definitively support it or oppose it in any way.

That "they" are watching to see what it does is not ridiculous at all. "they" meaning tech and financial giants. They know they cant do anything about btc, they cant stop it or control it, so what do they do? they watch, they look for weaknesses, something to exploit. They hope it fails and they can replace it with their pony. Good luck. The thing is, btc could fail. Sorry to burst your bubble, but it could dwindle and fade just as easily as it could "to the moon" no one knows which way it will go, me, the banks, bill gates, or you. I am sure that "the powers that be" are paying close attantion and have duly noted the successes of btc, hoping to exploit any failures to their advantage. Not FUD, just the way it is.

That said, his words are good for the idea of cryptos in general (good for joe sixpack to hear this) but not for btc specifically. From what I can tell from his statements is he's looking towards something like ripple or similar (please, again, not me saying this but BILL!)

Its inconsequential nonetheless. I feel like I felt on New Years Eve 1999. Everyone was dancing around, partying and shouting at midnight. "Yay Happy Millenium!!!" and there's me ... "Shut up! Shut UP! The Millenium doesn't begin until 12AM January 1st 2001!!!!!"

Nobody wants to listen.
1351  Bitcoin / Bitcoin Discussion / Re: Steve Jobs was Satoshi. on: October 04, 2014, 12:20:57 AM
If Steve Jobs were Satoshi, the only Bitcoin exchanges allowed would be run by dorks in turtlenecks calling themselves "geniuses."

and the wallets would cost 1000$ and be useless in 3 years
1352  Bitcoin / Bitcoin Discussion / Re: Why do most of FUD creators are newbies! Whats their plan? on: October 04, 2014, 12:18:16 AM
...and sig campaigns help the manipulators cover their costs. Here's how; some kid starts an account and posts many, many insignificant posts to drive up his activity and his ranking because he hears that people will purchase accounts with high ranking. He acheives "full member" status then sells account. Buyer of account joins whatever sig campaign will take him, hires some trolls over in Services section, puts each troll in charge of a handfull of sock-puppet accounts and sends them out on "missions" manipulating valuations of securities, businesses, btc itself. There is an ulterior motive to holding fake accounts, but thanks to sig campaigns, manipulators can most likely make back all their expenses and spread FUD for free.

You will notice I advertise in my sig. I do so with a clear conscience because I know I have no hidden agenda here. If banning sig campaigns will limit the trolls ability to operate I have no problem with that.

1353  Bitcoin / Bitcoin Discussion / Re: OReilly@FOXNews.com on: October 04, 2014, 12:05:32 AM
oreilly is a sociopath and a bully. His only true agenda is to rant and rave and do it in the spotlight. I honestly think the guy would embrace anything that will keep his fanbase happy i.e. xenophobic sexist right wing alarmism.

Bitcoin would just irritate a guy like oreilly because he cant understand it and it threatens his current lifestyle.

Oreilly is just a talking head, he doesnt even rate a response from me most of the time. His fans on the other hand...they scare me

the less attention from oreilly we get, the better.
1354  Other / Meta / Re: Someone BUYING older accounts here for mass propaganda.... on: October 03, 2014, 11:40:15 PM
I think banning all sig campaigns would be a good idea. I have an ad in my sig because I spend a lot of time in this forum plus I am an investor in the company that advertises in my sig and I support them. I can use the money but I dont need it, and as for quality of posts, in my case, I dont really know if that has changed much. I am very engaged in some conversations, some I just feel a need to chime in on, sometimes I want to make a little joke. Nothing that is going to change the world, but I get a lot of good use out of this forum, have solved more than a few issues thanks to my fellow helpful members and do my best to be respectful and polite (which considering the behavior of some of the trolls in here is quite a feat sometimes)

Still I can appreciate what sig campaigns have done to the general atmosphere here.

If the sig campaigns were removed it would strike a serious blow at who ever it is that is buying accounts. I understand that they have ulterior motives for aquiring these accounts and want them for manipulation purposes, but they have an easy time because their expenses are compensated with these sig campaigns. Fine by me if it all gets curtailed.

Also, the manipulation I speak of, especially in the securities section, I believe there are laws regarding this type of behavior, arent there? I've heard of people using sock puppet accounts to manipulate stock prices online, and that is in the traditional stock market. You can be sent to jail for such things. What I'm saying is- bitcointalk admins could be culpable if there is legal action, so I would crack down hard on that kind of stuff, not sure how, but "turning off their water and heat" i.e. removing their sig income, would definitely be a start.

I just discovered this "Meta" section of the forum looking to complain about a paid trolling ad I saw in the services section, and I've spent all day here. Funnily enough, this section is a lot more interesting than much of the rest of the forum. To me at least. I guess its time for me to go outside and play...
1355  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: October 03, 2014, 10:22:55 AM
I got a e-mail from Missouri Attorney General‏ yesterday. They where asking for information regarding the refund. I hope that the investigation will lead to something.

What did you tell them? Did they have anything to say about the MSD investigation? The MSD asked me if I felt ken had been deceptive. It seems as though he liked to make promises to delivery of goods he did not possess which is mail fraud in of itself, but pretty indicative of an overall deceptiveness of character  as well. Not that he didn't basically lie every time he uttered breath...
1356  Other / Off-topic / BITCOIN CONSPIRACY THEORIES on: October 03, 2014, 08:14:24 AM
I like to think I don't even believe in conspiracy theories in general and as a rule tend to dismiss them outright. However, this afternoon, I fell prey to the unique psychosis by which the conspiracy theorist conjures his visions. Something about btc being a covert experiment created by the illuminati and designed to ultimately fail but not before providing a working study model to use in the creation of a similar network that they could exploit more fully.
Might happen...
1357  Economy / Speculation / Re: very simple question on: October 03, 2014, 07:51:42 AM
If anything the institutional players are satoshi.

Here is why I am starting to think so; the institutional players (banks, govt, corporations, tech giants, and financial industry) have known for a long time that they need a digital solution LIKE Bitcoin, but since nothing quite like it has existed before and the transition from fiat-based to digital economy has never been witnessed before they need to do field research on test subjects. They also need to protect themselves from all the guinnea pigs that are going to suffer great losses when it fails.
Invent a crypto, attribute it to a made up person, then release it into the wild. Presto. They get to observe how crypto integration goes, how cryptos work in real world situations, and see what flaws and bugs may crop up, all "hands free" and totally insulated from any sort of culpability regarding disaster. When they have gathered all the info they need they can release a "new, improved" btc-style crypto that mostly suits thief own needs but gives the consumer what he really wants - security and convenience.

I hope I'm just paranoid and it isn't true, but it is one conspiracy theory I can see some probability in.

They do the same thing with experimental medicines, have done so for decades.

Banks and Governments would have never even allowed the IDEA of distributed open source ledgers where anyone can profit from participating as a middleman transaction verifier. It's a Power killer.
Plus, how do you convince everybody to stop using BTC and go to FedCoin or whatever?  Doesn't pass the smell test
You'll please forgive me if I dabbed a few to many pheonix tears and read that Bill Gates thing then got carried away. You are right, they ain't satoshi, but they most certainly are paying attention. If they could exploit a similar network they will, and if Bitcoin dies, they will also learn from this. Bill said the technology and utility are exciting but he also said he was specifically unsure if Bitcoin itself will be the one. He was careful to put that out there right away. I guess that says what you did as well though. They simply can't stand the fact that they don't own it!
1358  Economy / Speculation / Re: very simple question on: October 02, 2014, 11:59:08 PM
If anything the institutional players are satoshi.

Here is why I am starting to think so; the institutional players (banks, govt, corporations, tech giants, and financial industry) have known for a long time that they need a digital solution LIKE Bitcoin, but since nothing quite like it has existed before and the transition from fiat-based to digital economy has never been witnessed before they need to do field research on test subjects. They also need to protect themselves from all the guinnea pigs that are going to suffer great losses when it fails.
Invent a crypto, attribute it to a made up person, then release it into the wild. Presto. They get to observe how crypto integration goes, how cryptos work in real world situations, and see what flaws and bugs may crop up, all "hands free" and totally insulated from any sort of culpability regarding disaster. When they have gathered all the info they need they can release a "new, improved" btc-style crypto that mostly suits thief own needs but gives the consumer what he really wants - security and convenience.

I hope I'm just paranoid and it isn't true, but it is one conspiracy theory I can see some probability in.

They do the same thing with experimental medicines, have done so for decades.
1359  Bitcoin / Bitcoin Discussion / Re: Bill Gates on bitcoin technology on: October 02, 2014, 11:38:15 PM
He is very careful to mention that he doesn't think BTC will be the one. More and more I get the feeling that btc is the experiment. They will watch it and learn as it fails, then make a crypto that fixes everything that is wrong and copies everything that works, put their billions into marketing and infrastructure (or hop on btc's existing infrastructure) and go from there. Like he says - most don't care about anonymity, they want security and convenience.

Not good news for btc imo
1360  Economy / Securities / Re: [ActiveMining] Official Shareholder Discussion Thread [Moderated] on: October 02, 2014, 11:30:21 PM
I can't believe cryptotrade still allows this turd to be traded. fuuuuuuuuuuu
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