So the little spike up to $2.50 that we just saw, did that take out a bunch of short orders? Maybe Bitcoinica caused it, since the price has now dropped back down almost to where it started 15 minutes ago.
Nah, that was someone trying to troll all the shorts. I hope none of you were liquidated and that you're hanging on. I hope that a few of the people praying for $1 $100 BTC were liquidated. Other than that I hope everyone else was ok though. That was quite the little rally though. |
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I can't believe how much energy posting i used to have when I was younger. There are so many classic quotes in this thread and such wow memories.
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Where oh where did BitMagic go?: i usually stay away from the Spec forum to avoid idiots like you but its kinda fun to mess up all the planned Bear raids.
Keep it coming, friend. You may yet reach Atlas status. said like a true short seller. Uh, I'm holding a long position. Don't you look like an idiot. obviously, but 10:1 you're net short otherwise you wouldn't be getting so angry at a Bull like me who keeps messing up your grand plans. |
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Ah, the days when we used to follow the "mtgox connected" : mtgoxlives's connected = 918
somethings brewing...
Wonder what happened to all those colorful personalities I used to argue with so much? |
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I'm havinga good laugh taking a walk down memory lan. For those of you who hate on Bitcoin for volatility: Bitcoin is so volatile I really don't see why people want to short it. Today we saw the price go from $2.83 to $2.44 to $3 and back to $2.64 within 2 hours. One super spike can wipe out most positions.
Pick any moment in time and bitcoin could be worth 20% less or 20% more within minutes. Impossible to predict.
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a) I think that the only random event is creating "master seed".
b) Then there is not more random events and everything is deterministic. (or can be done using SHA-256)
=> I hope (I do not use it) you can import any "master seed" into trezor.
that is all correct. If you're paranoid, you can use dice to determine the seed and restore it to your trezor. Make sure you check for hidden cameras (don't forget laptops, smartphones, tables, the fridge, microwave, toaster and smoke detectors) and pull down the shades ;-) Just use the Snowden Hood. |
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A problem greece cant fix it based on production.
They have no export/import things from their own country. Meanwhile china, we all love almost everything we have here in the U.S is "Made in China" so it creates millionaires for them.
Greece is nothing but a tourist attraction, unless they understand their own mechanics to the problem.
Well, if they don't export anything, then Bitcoin theoretically would be precisely the type of currency the Greek people should want to adopt. It goes up in value over the long run as well their purchasing power. Just sit back and consume. |
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Wences is a smart guy. This is basically clickbait for the schadenfreude crowd. Then they read it and it makes them think about what money is and what bitcoin's role is. At first glance, proponents of Bitcoin reading the title would get alarmed but upon deeper reading he's saying that gubmint objectives in terms of monetary thrift are oftentimes diametrically opposed to those of their people. Which nowadays is the majority of the time. |
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reading those links and not fully understanding the code, those links don't answer my question. is the hardware drawing from a entropy source, like static electricity? or is it algorithmically generated? |
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molecular, what is the source of randomness inside the Trezor?
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It's quite likely we passed a complexity point where a small group of people can't perfectly manage this system around the end of the last century.
any systems related to human society have always been to complex to handle efficiently by a small group of people. The delusion that they can do so efficiently is a dangerous one and lies at the root of pretty much every problem human society is facing today. The basic problem has to do with information not being able to flow without distortions in a centralized system and executive power not lying about where there is the biggest abundance of relevant information (with the individuals directly involved with a given situation) |
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this is gonna be really interesting esp given tonites Bitcoin breakout:  |
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Turn on BBANDS. It was getting really tight, which only happens before a big move.
BBANDS ?? I don't even know what that means. Bollinger Bands=coiled spring=calm before the storm. |
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it's called a breakout.
b/c it's time.
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