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April 17, 2014, 01:08:33 PM *
News: ♦♦ A bug in OpenSSL, used by Bitcoin-Qt/Bitcoin Core, could allow your bitcoins to be stolen. Immediately updating Bitcoin Core to 0.9.1 is required in some cases, especially if you're using 0.9.0. Download. More info.
The same bug also affected the forum. Changing your forum password is recommended.
 
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681  Bitcoin / Bitcoin Discussion / Re: Bitcoin really is in trouble. on: November 06, 2013, 04:54:40 PM
Its funny how such an obvious and easy money-making exploit has been described in detail and broadcast to the world, yet no one has taken advantage of it.

It was only a few days ago. Give it time.

you really think that highly of yourself, eh?
682  Economy / Service Discussion / Re: Bitstamp is down on: November 05, 2013, 10:07:33 PM
probably too many ppl trying to buy.
683  Bitcoin / Bitcoin Discussion / Re: Bitcoin really is in trouble. on: November 05, 2013, 09:56:55 PM
is it already going back up?
684  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin really broken? on: November 05, 2013, 09:56:30 PM
is it already going back up?
685  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Broken on: November 05, 2013, 09:56:06 PM
is it already going back up?
686  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin really broken? on: November 05, 2013, 09:54:42 PM


ROFL!
687  Bitcoin / Bitcoin Discussion / Re: Bitcoin Is Broken on: November 05, 2013, 09:51:35 PM
FUD
688  Bitcoin / Bitcoin Discussion / Re: Bitcoin really is in trouble. on: November 05, 2013, 06:37:20 PM
I agree it is a sham. Bitcoin is not currency it is a speculative bubble.

maybe there are people using it as a sham, but there are also people using it as a currency everyday.


Of course, but the activity of non speculators is not sufficient to support current valuation or anything even close to it; even more so now that Silk Road has gone which did give Bitcoin some unique  utility in terms of accessing that market.

have you ever heard of the phrase "listen to the market"?

you can go on all day long with your false assumptions but at the end of this day, yes TODAY, the market is hitting an all time new high.

the message is loud and clear:  you're wrong.


Does the confidence of rampant speculators in any way ameliorate the fundamental flaw in Bitcoin?

fundamental flaw?  according to whom?  you?  stop making me laugh.

the code along with it's socioeconomic design has lasted 5 yrs now and we're at an all time high.  its been vetted upside down and sideways.  you come along and spout off a few "opinions" and expect everyone to listen?

why haven't you already stolen all the money in the top 10 addresses?  oh yeah, you can't.

Where it not for Bitcoin's defacto central bank several billion Bitcoins would still be in circulation.Your hubris is unwarranted.

take some time to study.  you really do sound like an idiot to ppl around here.

the core development team is not a de facto central bank.  not even close.
689  Bitcoin / Bitcoin Discussion / Re: Bitcoin really is in trouble. on: November 05, 2013, 06:28:28 PM
tell this to Michael Novogratz.


This would be they guy from the investment bank that would have gone bankrupt had its counterparties not been bailed out by the state?

thank you for substantiating my point.

the whole reason Bitcoin is taking off is precisely b/c of those bailout policies.  at least give him credit for realizing it for what it is and taking defensive actions.

So you think this degenerate financial crook is a reformed character?

Bitcoin doesn't care who puts money into it.

it's the economic principles behind the open source protocol that resonates with the majority of ppl worldwide.


How can it resonate with a wordwide majority when only a tiny fraction of the population have ever heard of it? Have you been smoking Bitcrack again?

at least you got one thing right.

we're just getting started.
690  Bitcoin / Bitcoin Discussion / Re: Bitcoin really is in trouble. on: November 05, 2013, 06:27:25 PM
I agree it is a sham. Bitcoin is not currency it is a speculative bubble.

maybe there are people using it as a sham, but there are also people using it as a currency everyday.


Of course, but the activity of non speculators is not sufficient to support current valuation or anything even close to it; even more so now that Silk Road has gone which did give Bitcoin some unique  utility in terms of accessing that market.

have you ever heard of the phrase "listen to the market"?

you can go on all day long with your false assumptions but at the end of this day, yes TODAY, the market is hitting an all time new high.

the message is loud and clear:  you're wrong.


Does the confidence of rampant speculators in any way ameliorate the fundamental flaw in Bitcoin?

fundamental flaw?  according to whom?  you?  stop making me laugh.

the code along with it's socioeconomic design has lasted 5 yrs now and we're at an all time high.  its been vetted upside down and sideways.  you come along and spout off a few "opinions" and expect everyone to listen?

why haven't you already stolen all the money in the top 10 addresses?  oh yeah, you can't.
691  Bitcoin / Bitcoin Discussion / Re: Bitcoin really is in trouble. on: November 05, 2013, 06:23:04 PM
tell this to Michael Novogratz.


This would be they guy from the investment bank that would have gone bankrupt had its counterparties not been bailed out by the state?

thank you for substantiating my point.

the whole reason Bitcoin is taking off is precisely b/c of those bailout policies.  at least give him credit for realizing it for what it is and taking defensive actions.

So you think this degenerate financial crook is a reformed character?

Bitcoin doesn't care who puts money into it.

it's the economic principles behind the open source protocol that resonates with the majority of ppl worldwide.
692  Bitcoin / Bitcoin Discussion / Re: Bitcoin really is in trouble. on: November 05, 2013, 06:21:11 PM
I agree it is a sham. Bitcoin is not currency it is a speculative bubble.

maybe there are people using it as a sham, but there are also people using it as a currency everyday.


Of course, but the activity of non speculators is not sufficient to support current valuation or anything even close to it; even more so now that Silk Road has gone which did give Bitcoin some unique  utility in terms of accessing that market.

have you ever heard of the phrase "listen to the market"?

you can go on all day long with your false assumptions but at the end of this day, yes TODAY, the market is hitting an all time new high.

the message is loud and clear:  you're wrong.
693  Bitcoin / Bitcoin Discussion / Re: Bitcoin really is in trouble. on: November 05, 2013, 06:19:07 PM
tell this to Michael Novogratz.


This would be they guy from the investment bank that would have gone bankrupt had its counterparties not been bailed out by the state?

thank you for substantiating my point.

the whole reason Bitcoin is taking off is precisely b/c of those bailout policies.  at least give him credit for realizing it for what it is and taking defensive actions.
694  Bitcoin / Bitcoin Discussion / Re: Bitcoin really is in trouble. on: November 05, 2013, 06:12:33 PM
tell this to Michael Novogratz.
695  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: November 05, 2013, 03:13:35 PM
Crystallizing...
696  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 05, 2013, 12:29:09 PM
Gold collapsing. Bitcoin UP.
697  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 04, 2013, 08:57:30 PM
why are all these ppl bashing gold? Tongue

http://www.youtube.com/watch?v=_4QFErOdTag

Ringos?  hadn't heard of that one, lol!

very good explanatory vid.
thanks for posting and i'll put it on the documentary thread. (https://bitcointalk.org/index.php?topic=268955.0)

Divisibility is not really a tie -- I doubt I could cut a Maple Leaf in half with a chisel and sell the halves as easily as the whole.  Also gold has too much value to carry small payments easily -- the dusting of gold would be too easily lost.  And in practice the minimum value transfer amount is some function of the cost to validate that the gold is not counterfeit.

I tell people this:
Human technological progress is the story of tools that progress from the use of natural substances with desirable (and undesirable) properties to engineered solutions highly optimized to the problem. The stone axe becomes the bronze then steel axe and finally the chainsaw.

Gold/silver is the natural substance that best meets the properties of ideal money. Fiat currencies are engineered as perfect money but are unsound because they have no guaranteed scarcity. Bitcoin is the first engineered sound money, with the best properties of scarcity, divisibility, portability, transferability, and verifiability of any known currency. 





Well then, how about an update?
698  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 04, 2013, 02:32:54 PM

699  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 04, 2013, 10:44:45 AM
Gold collapsing.  Bitcoin UP.
700  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 03, 2013, 05:59:18 PM
oh so good.

the second economist had it so right:

using money laundering against Bitcoin is not an argument; it's a double standard.

http://www.youtube.com/watch?v=JB0jTL0iyzM&feature=youtu.be&t=4m35s
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