DeathAndTaxes
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Gerald Davis
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November 14, 2012, 11:05:35 PM |
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I'm long.
Tangible Cryptology can't seem to keep coin in stock. You could probably do the math based on his thread updates. If I had to guess he's easily moving up to 10K BTC/week by now.
Other signals here on the boards and IRC that indicate a lot of large private buying is going on.
A little bit more than that but 10K is conservative.  |
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ArticMine
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Monero Core Team
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November 14, 2012, 11:16:02 PM |
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When it comes to Bitcoin online retail there is a new player in town. http://www.bitcoinstore.com/ which can have a greater market impact on the BTC / USD rate than SilkRoad, and without the "legal" issues. |
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adamstgBit
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Trusted Bitcoiner
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November 14, 2012, 11:43:04 PM |
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When it comes to Bitcoin online retail there is a new player in town. http://www.bitcoinstore.com/ which can have a greater market impact on the BTC / USD rate than SilkRoad, and without the "legal" issues. I only wish their was a Canadian version of this kind of site.... shipping is just to damn high for International shipping |
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niko
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November 15, 2012, 12:44:28 AM |
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SR volume is a tiny fraction of Bitcoin economy. There are convincing estimates based on the academic study of SR published about four months ago.
I call bullshit on that. If you were writing the truth you'd cite that study in detail. But you didn't. Two million per month. http://arxiv.org/pdf/1207.7139v1.pdfThat, and welcome to my "ignore" list. Doesn't look like SR volume is a tiny fraction of bitcoin economy The study estimated ~$2M in sales per month. MtGox volume is ~$10M per mo th, being ~65% of the total volume of all "legitimate" exchanges. Add to this OTC. SR is at most 10% of trade volume. Note, most SR merchants would not use AML-compliant exchanges anyway. Further proving that there is no coupling is the fact that - despite this thread - the price did not sink at all, on the contrary. |
They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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MysteryMiner
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Death to enemies!
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November 15, 2012, 02:34:12 AM |
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DoS attacks are really easy against Tor hidden services. The service can't block the attacker because all clients are anonymous. Tor hidden service introduction points can sometimes also be DoS-attacked. I wouldn't use Tor to run a site like this.
Theymos You shocked me! Where You will host Silk Road if not Tor for it to not be found and taken down? Freenet, I2P? The .onion server cannot block the anonymous traffic, but also the attackers cannot utilize several orders of magnitude superior bandwidth because they are forced to use Tor and nodes have varying speeds. They can set up own nodes and force Tor to connect though them but even then only the guard nodes will be DDoSed. With clearnet server also the blocking helps only partially. With powerful enough botnet the upstream links will fail. If someone set us up the botnet, we are on our way to destruction  If botnet was used to setup tor nodes. How many would be necessary to locate silkroad server? Is that possible? Silk Road probably have configured guard nodes and not selected on random. I don't know exactly how many nodes will take to compromise majority of circuits but it will require hundreds or even thousands of nodes. Ant the compromising of Tor by single entity holding majority of relays will help only against clearnet traffic going trough Tor. For hidden services timing attack is still best that can be done. I'm not expert on this maybe someone can explain more on this subject. Try to guess why the Tor network have become much much faster then it was ever before? And the SR is up and running as well as SR forums. And no major change in price. |
bc1q59y5jp2rrwgxuekc8kjk6s8k2es73uawprre4j
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ArticMine
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Monero Core Team
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November 15, 2012, 06:40:08 AM |
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When it comes to Bitcoin online retail there is a new player in town. http://www.bitcoinstore.com/ which can have a greater market impact on the BTC / USD rate than SilkRoad, and without the "legal" issues. I only wish their was a Canadian version of this kind of site.... shipping is just to damn high for International shipping They have added USPS as an option and now shipping rates a very reasonable and competitive. |
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Beans
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November 15, 2012, 06:41:18 AM |
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When it comes to Bitcoin online retail there is a new player in town. http://www.bitcoinstore.com/ which can have a greater market impact on the BTC / USD rate than SilkRoad, and without the "legal" issues. There have been sites like that one for a long time. The one your referring to has the worst java script I have seen a while. It's not going to amount to anything. |
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mem
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November 15, 2012, 10:41:00 AM |
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If it continues to be down, this weekend? Next week?
as long as it takes to churn to a new hosting company again. |
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molecular
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November 15, 2012, 12:57:58 PM |
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When it comes to Bitcoin online retail there is a new player in town. http://www.bitcoinstore.com/ which can have a greater market impact on the BTC / USD rate than SilkRoad, and without the "legal" issues. I only wish their was a Canadian version of this kind of site.... shipping is just to damn high for International shipping They have added USPS as an option and now shipping rates a very reasonable and competitive. who cares about shipping cost when all products cost 0.0 BTC ;-) |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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BC12345
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November 17, 2012, 12:48:35 AM |
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Registration for new members is open again.
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Crypt_Current
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November 20, 2012, 06:46:41 PM |
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Registration for new members is open again.
buy buy buy??  |
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adamstgBit
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November 21, 2012, 04:05:20 AM |
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Registration for new members is open again.
buy buy buy?? time is now |
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niko
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November 24, 2012, 02:06:17 AM |
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What is the lesson we learned from the title of this thread and the past two weeks of bitcoin price?
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They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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notme
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November 24, 2012, 04:12:39 AM |
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What is the lesson we learned from the title of this thread and the past two weeks of bitcoin price?
We learned that SR was down for only two days and the majority of this thread is a waste of disk space and bandwidth. |
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thebaron (OP)
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November 24, 2012, 02:41:35 PM |
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What is the lesson we learned from the title of this thread and the past two weeks of bitcoin price?
That when SR goes down, the supply of BTC goes down because sellers are unable to cash out. Therefore, the price goes up. It would be interesting to see what would happen to the price if it was down for a month. Not sure how it would go either way. |
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notme
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November 25, 2012, 08:05:42 PM |
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Is it really down?
Two posts above yours: What is the lesson we learned from the title of this thread and the past two weeks of bitcoin price?
We learned that SR was down for only two days and the majority of this thread is a waste of disk space and bandwidth. |
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