no....see people are used to thinking its all about them.
Bitcoin is decentralized anyone can code for it, fork it.
other people are used to thinking singular people are important.
here's a hint. Satoshi made btc, and he disappeared.
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Can people enter their alts ITT and what about date they had trouble withdrawing that alt.
This will give us an idea if Vern was drawing down on alts which alts and from when.
Or if it was all at once, and their as at the time of the announcement a swag of alts in the cold storage. Also look out for out of normal large transactions on your alt chain.
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I had a withdrawal "pending" for over 5 days before the new freeze. FU obvious criminals! I stood up for you in public long after your reputation was slipping because trading at your site used to be so much fun. Rot in jail and enjoy your cellmate Big Boy. which coin were you trying to get out?
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Even if you take the blog post at face value, it's essentially an admission of fraud. They've been unable to fully pay out their customers for a year and a half now, apparently, and never said a thing.
trading while insolvent can be another cause of action
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Cryptsy has failed to explain why they aren't returning the millions of alts still stored in its cold-storage coffers.
Why not return those coins to the rightful owners?
I second this question. He offers no explanation on this, which shows either incompetence or something else is afoot eg seized and was selling off to get btc back to himself, so drawing down on remainder when people withdrew, so balances are fraudulent anyway or is keeping for sale. I *feel* he may have been drawing down in the hope that he could recover enough profit to make up. can any one confirm what alts were hard to withdraw leading up to this?
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because the alts are now assets in bankruptcy proceedings/buyout/takeover
well presuming he has filed petitioned and/or been given a sequestration order by a court .....he may be holding onto the alts to try and attract a buyer ....which could work out...... where is big vern anyway which country?
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this will sort itslef out either by fork or not. I am not that worried.
cuo bono for MH to make such a public commentary though.
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if ltc and btc were taken...then should not the remainder of alts be still ok to take?
even if Vern sold alts for btc that was left, but even then the alts should still be on their exchange
accordingly, why should Vern shut up shop and not at least let people get thier alts out?
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..hmm...it looks...dodge I mean would you not run coin on VM sandboxed from everything else? so that a trojan simply can not claw its way back up?
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it looks like a DDOS
.....hope this IS the case
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you want some good down in an up trend....it sets more of a stable floor inmho
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yeah sound liek he wanted to be found,
Doesn't sound liek Satoshi....Satoshies posts were all business, no bullshit
IF satoshi was going to out he/she/it would just go sign his pgp key or whatever end of.
Damn I just realised this guy live right near me....
for me the best candidate for satoshi I have seen is sunnyking and or whoever made NXT, which may be the same person as sunny king.
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newb op. Bait
yeah no bitcoin has not failed
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when btc goes well nova....
test net btc will likely be traded......
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I dont quite grok the politcs of it,
however, debt is sort of immaterial in a fiat system as 0's are free to add.
eg 100
1000 10000000
10000000000000000000000000
etc.
The US can print its way out of anything. (by print I also me issue debt instruments etc)
Yea but the fiat money is representative of the economy (although not 100% correlation), but it still affects it very much. The derivative bubble and other ponzi instruments, if the fail, no big deal. But if they start taking the collaterals: confiscate houses, cars, land, etc.. That will mess up the economy + a treasury bond default = no pensions & no welfare. You underestimate the enormous damage it can cause when it gets defaulted. There is no way Fiat represents he economy as to value. Eg x trillion added in houseprice, negligible renovations or house building.
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sure the official interest rate looks low, but govs politically cannot move that up so much. They however are into QE and similar in a massive way which is hyper inflation.
Look at the house price increase in alot of countries, it has gone 100% in the last year or two. Where that's extra money coming from, well wages did not go up, so it through money printing via debt instruments such as loans. 99% of people simply do not understand the money printing part of the inflation equation.
Look at the costs of goods and services going up much much more than inflation of 2% or whatever it is.
The price of housing has risen a lot in many countries. But the inflation figure reported is very low. That is because house price is not included in the price index, only the maintenance cost is included. So the inflation figure is lower than we feel. House price can only go up where more money is printed by issue of debt instruments.(where velocity remains the same)
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I don't completely grok the whole argument blocksize arguments, however XT seem to be a bridge to far due to the steepness of the exponent. We likely need larger blocks, but not in the XT way. Its too much too soon. I *think* BP100 seemed reasonable if that quote below is true forget that. I have not run the maths on it though nor have the time to right now.
To my mind a slower increase or the ability to increase based on demand seems reasonable. However the latter may be spamable, the former what is the right rate is the killer question.
I *think* satoshi envisaged larger block in the first instance (was it 33mb?).
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Fiat is largely irrelevant to BTC for the most part in my case.
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we are already in hyper inflation, notice cost of living going up alot, exponentially.
Sigh... I assure you, this is not the case. "The latest inflation rate for the United States is 0.0% (unchanged) through the 12 months ended September 2015 as published by the US government on October 15, 2015." Similar things in the UK too, we actually were in deflation for a short while. We are definitely nowhere near hyper inflation, we are infinitely closer to deflation itself. sure the official interest rate looks low, but govs politically cannot move that up so much. They however are into QE and similar in a massive way which is hyper inflation. Look at the house price increase in alot of countries, it has gone 100% in the last year or two. Where that's extra money coming from, well wages did not go up, so it through money printing via debt instruments such as loans. 99% of people simply do not understand the money printing part of the inflation equation. Look at the costs of goods and services going up much much more than inflation of 2% or whatever it is.
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it will go on forever with centralised exchanges
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