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Author Topic: What the #$%& did you guys do!?!  (Read 4600 times)
jag2k2 (OP)
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April 10, 2013, 10:45:20 PM
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I step away from my computer for ONE DAY and everything goes to hell!?!

I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. - Thomas Jefferson
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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hubbabubbabaker
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April 10, 2013, 10:45:54 PM
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"To know your Enemy, you must become your Enemy." -Sun Tzu
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April 10, 2013, 10:45:57 PM
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Should have stepped away for a week - then you'd be thanking us.
chrsjrcj
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April 10, 2013, 10:46:12 PM
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We ran out of bear spray. Distributor no longer accepts BTC.   Sad
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April 10, 2013, 10:46:34 PM
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I step away from my computer for ONE DAY

This was your fault.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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April 10, 2013, 10:49:41 PM
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Wuji
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April 10, 2013, 10:50:47 PM
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Why on earth would you step away for a day after the huge run up in the past 2 days?
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April 10, 2013, 10:52:12 PM
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“'Tis but a scratch'
'A scratch?! Your arm's off!'
'No, it isn't.'”

Haha great pic, reminds me of so many posts that made me sad today.
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April 10, 2013, 11:42:10 PM
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What we did was prove that all that talk about how the recent growth was mostly driven by "fundamentals" was hogwash. At least half the price was due to speculation and not by experienced traders either, which is why it could still evaporate at the slightest sign that something is wrong with a major exchange website. Yet people still won't learn, so 1. we will still see too many newcomers concentrate their activity on the one largest exchange (which is the same kind of herd behaviour that has been making huge corporations excessively powerful and hurting the economy for a long time now) and 2. we will still hear the wide-eyed fanatics claim that every psychotic rally was driven by pure fundamentals and that we should expect another tenfold increase over the next week or what have you.

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April 10, 2013, 11:45:23 PM
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What we did was prove that all that talk about how the recent growth was mostly driven by "fundamentals" was hogwash. At least half the price was due to speculation and not by experienced traders either, which is why it could still evaporate at the slightest sign that something is wrong with a major exchange website. Yet people still won't learn, so 1. we will still see too many newcomers concentrate their activity on the one largest exchange (which is the same kind of herd behaviour that has been making huge corporations excessively powerful and hurting the economy for a long time now) and 2. we will still hear the wide-eyed fanatics claim that every psychotic rally was driven by pure fundamentals and that we should expect another tenfold increase over the next week or what have you.
Ding ding ding. Round two of the ponzi? Suckers, please line up in the Gox queue. Idiots ruining a good thing.

Elon Krusky
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