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Author Topic: Downfall of Bitcoin (fiction)  (Read 791 times)
Tzupy (OP)
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June 07, 2014, 08:10:23 AM
 #1

Is this plausible? Links to article:
http://www.cryptocoinsnews.com/news/downfall-bitcoin-need-responsible-mining-practices/2014/06/03
http://www.cryptocoinsnews.com/news/downfall-bitcoin-part-2/2014/06/04
http://www.cryptocoinsnews.com/news/downfall-bitcoin-part-3/2014/06/07

Sometimes, if it looks too bullish, it's actually bearish
franky1
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June 07, 2014, 09:32:43 AM
Last edit: June 07, 2014, 10:04:30 AM by franky1
 #2

reading part one, i get the feeling that this is a finshaggy fiction story.. not sure why its on a "news" site.

EDIT
read all 3 parts and all i can say is boring fiction, badly written, and the bits that are suppose to b factual were not well understood

" Cody noticed that Oakmine was missing between 5-7 blocks an hour"

... bitcoin only has 6 blocks an hour, so this means the ficticious pool was not mining anything.

as for the skills of cody, i cant see his character ever working as a reporter. when on the phone he never countered objections he simply said "no that is all, have a nice day"

and as for hiding the true hashrate. th story writer has no concept of mining, and thinks that reading the mining results from someones webpage is how people see the hashrate, and not checking the blockchain.info charts.

and lastly the $900 million dollars (at the stories $2000 top price=450k coins) would take atleast 125 days to amount such from mining.

so with the outspend of buying other services and the giveaway. i cant see this lame assed piece of written material even having logic.

its not fiction. is a 9yo's fantasy story.. i definitely smell finshaggy as being the writer


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franky1
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June 07, 2014, 10:05:42 AM
 #3

Is this plausible?

NO.

too many factual events that would prevent such an actual scheme like this to occur

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
mysore
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June 07, 2014, 10:15:28 AM
 #4

not a great fictional story Cheesy

nothing
DolanDuck
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June 07, 2014, 12:30:31 PM
 #5

It isn't plausible, bitcoins has too many aces in the hole to downfall, but I enjoyed the story.

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Meuh6879
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June 07, 2014, 12:47:57 PM
 #6

Is this plausible?

Este Nuno
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June 07, 2014, 01:41:55 PM
 #7

not a great fictional story Cheesy

I have to agree with this. This story is really weak. The writing leaves a lot to be desired.

Is there a lot of bitcoin related fiction out there? I haven't seen much.

Do you think people in general would be interested in well written bitcoin fiction?
franky1
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June 07, 2014, 03:02:31 PM
 #8

not a great fictional story Cheesy

I have to agree with this. This story is really weak. The writing leaves a lot to be desired.

Is there a lot of bitcoin related fiction out there? I haven't seen much.

Do you think people in general would be interested in well written bitcoin fiction?

'almost human', Tv show set in the future where bitcoin is the currency Cheesy

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
TheTruth4
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June 07, 2014, 06:12:42 PM
 #9

Bitcoin's bubble will burst when the entire internet is shutoff around the world. Until then, Bitcoin's price will go up,down, up, down, up...
Repeat until central banking is subsumed and governments are put on a leash.
unexecuted
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June 07, 2014, 06:44:01 PM
 #10

Don't want this fiction to turn into a realism  Undecided
waldox
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June 07, 2014, 07:03:24 PM
 #11

Bitcoin's bubble will burst when the entire internet is shutoff around the world. Until then, Bitcoin's price will go up,down, up, down, up...
Repeat until central banking is subsumed and governments are put on a leash.

someone would come up with a way to hand compute the bitcoin ledger by paper and ink in global bitcoin clubs by mail
we would have like a 1 month block time tho

*sarcasm

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Bitcoin Magazine
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June 07, 2014, 07:12:55 PM
 #12

bitcoin was so easy in the beginning, i set up a *&*(quantum) algorithm to mine 1 block, create new address, mine repeat..  etc.. lOLLSSZZZ//;/...

i am here.
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