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Parazyd
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June 13, 2014, 06:41:54 AM |
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Are you gonna sell your coins? No. No way. Let's just hope Ghash.IO stops doing this and possibly returns to 49%. |
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kehtolo
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June 13, 2014, 06:46:35 AM |
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Are you gonna sell your coins? No. No way. Let's just hope Ghash.IO stops doing this and possibly returns to 49%. No way one pool should have all that power..they should split it up into 2 or more pools. |
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Parazyd
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June 13, 2014, 06:50:05 AM |
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Are you gonna sell your coins? No. No way. Let's just hope Ghash.IO stops doing this and possibly returns to 49%. No way one pool should have all that power..they should split it up into 2 or more pools. That's what I was saying since the beginning of this "crisis". I have no idea why didn't they do it already... |
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Cassius
Legendary
 Offline
Activity: 1764
Merit: 1031
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June 13, 2014, 06:54:07 AM |
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Woke up to find my $550 order got filled on Stamp. Looks like I somehow got lucky as the bottom of the candle seems to be around $560.
Any thoughts on volume? Was that our bottom?
Fonzie et al need not reply; I already know what you're going to say.
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TERA
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June 13, 2014, 06:57:03 AM |
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It took about 2 weeks to break that 2 week old trendline and fall. I think it'll take at least a month or two to break the 2 year old trendline if it does so.
Repeat trendlines with pics please.  something like this |
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gimme_bottles
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June 13, 2014, 06:58:47 AM |
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Are you gonna sell your coins? No. No way. Let's just hope Ghash.IO stops doing this and possibly returns to 49%. Guys, 50% is not a magical number. A pool at 49% is almost as dangerous as a pool at 51%. The probability of a pool solving another 5 blocks in a row after solving the first one is 2.8% at 49% of total hashrate and 3.45% at 51% of total hashrate. Sure there is a difference, but you can't say a pool at 49% isn't something to worry about. |
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ChartBuddy
Legendary
Offline
Activity: 2590
Merit: 2221
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 13, 2014, 07:00:59 AM |
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Parazyd
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June 13, 2014, 07:01:26 AM |
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Are you gonna sell your coins? No. No way. Let's just hope Ghash.IO stops doing this and possibly returns to 49%. Guys, 50% is not a magical number. A pool at 49% is almost as dangerous as a pool at 51%. The probability of a pool solving another 5 blocks in a row after solving the first one is 2.8% at 49% of total hashrate and 3.45% at 51% of total hashrate. Sure there is a difference, but you can't say a pool at 49% isn't something to worry about. Still it gives a fake sense of safety... I realize we're fucked if GHash.io doesn't do something about this. |
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ejinte
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June 13, 2014, 07:03:52 AM |
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Are you gonna sell your coins? No. No way. Let's just hope Ghash.IO stops doing this and possibly returns to 49%. Guys, 50% is not a magical number. A pool at 49% is almost as dangerous as a pool at 51%. The probability of a pool solving another 5 blocks in a row after solving the first one is 2.8% at 49% of total hashrate and 3.45% at 51% of total hashrate. Sure there is a difference, but you can't say a pool at 49% isn't something to worry about. Could some miners change their pool?? Like immediately. What's so special about Ghash.IO that they get so many miners connected??? |
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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June 13, 2014, 07:04:11 AM
Last edit: June 13, 2014, 07:17:26 AM by gizmoh |
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Are you gonna sell your coins? No. No way. Let's just hope Ghash.IO stops doing this and possibly returns to 49%. Guys, 50% is not a magical number. A pool at 49% is almost as dangerous as a pool at 51%. The probability of a pool solving another 5 blocks in a row after solving the first one is 2.8% at 49% of total hashrate and 3.45% at 51% of total hashrate. Sure there is a difference, but you can't say a pool at 49% isn't something to worry about. Its a psychological number, the main strength of bitcoin is to be a decentralized system, is now more and more concentrated by a single entity. It shall make headlines! |
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JayJuanGee
Legendary
Offline
Activity: 4130
Merit: 12421
Self-Custody is a right. Say no to "non-custodial"
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June 13, 2014, 07:07:30 AM |
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Woke up to find my $550 order got filled on Stamp. Looks like I somehow got lucky as the bottom of the candle seems to be around $560.
Any thoughts on volume? Was that our bottom?
Fonzie et al need not reply; I already know what you're going to say.
Even the bitcoin wisdom 30 minute candles show that the price on Stamp got down to $550 for three candles in a row. I was watching the price fluctuations as the candles were forming, and I surely saw a lot of orders filled at $550. |
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JayJuanGee
Legendary
Offline
Activity: 4130
Merit: 12421
Self-Custody is a right. Say no to "non-custodial"
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June 13, 2014, 07:11:51 AM |
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Are you gonna sell your coins? No. No way. Let's just hope Ghash.IO stops doing this and possibly returns to 49%. Guys, 50% is not a magical number. A pool at 49% is almost as dangerous as a pool at 51%. The probability of a pool solving another 5 blocks in a row after solving the first one is 2.8% at 49% of total hashrate and 3.45% at 51% of total hashrate. Sure there is a difference, but you can't say a pool at 49% isn't something to worry about. Still it gives a fake sense of safety... I realize we're fucked if GHash.io doesn't do something about this. I thought that the problem with the 51% is the allowing transaction confirmations rather than whether your pool receives a block award... but it has to do with being able to transact with money that you do NOT have to then steal and then to undermine confidence in the network b/c you control the approvals of the transactions. |
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elebit
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June 13, 2014, 07:13:37 AM
Last edit: June 13, 2014, 08:14:09 AM by elebit |
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Woke up to find my $550 order got filled on Stamp. Looks like I somehow got lucky as the bottom of the candle seems to be around $560.
Any thoughts on volume? Was that our bottom?
550.0 was the bottom I saw. That was the second drop, the first one bottomed at 550.6 or something. Consider yourself lucky, my order didn't get filled  edit: fat fingers! 550, not 500... |
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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June 13, 2014, 07:18:46 AM |
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Woke up to find my $550 order got filled on Stamp. Looks like I somehow got lucky as the bottom of the candle seems to be around $560.
Any thoughts on volume? Was that our bottom?
500.00 was the bottom I saw. That was the second drop, the first one bottomed at 500.3 or something. Consider yourself lucky, my order didn't get filled Lolz Bottom at stamp: 550.61 |
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ejinte
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June 13, 2014, 07:19:47 AM |
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Woke up to find my $550 order got filled on Stamp. Looks like I somehow got lucky as the bottom of the candle seems to be around $560.
Any thoughts on volume? Was that our bottom?
500.00 was the bottom I saw. That was the second drop, the first one bottomed at 500.3 or something. Consider yourself lucky, my order didn't get filled This is how we know we problaby wont go that deep again. Regarding silk road coins, if you had around $1.809.000 and bough BTC for it, would you sell them straight away? I don't think so. Anyone buying those coins will be longterm holders. |
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ErisDiscordia
Legendary
Offline
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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June 13, 2014, 07:26:13 AM |
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I'm happy to hear that the US government has decided to sell 0.1% of all coins which will ever be mined for a couple of million of their own currency. Way less than they keep creating in one day, actually. Now Uncle Sam, please hurry up with the DPR trial (free him btw!) and sell off the rest of your coins  EDIT: actually looking at the terms of the auction...these coins might just be going from bad to worse hands Oh, well...it's just 30K BTC  |
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raid_n
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June 13, 2014, 07:38:22 AM |
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I thought that the problem with the 51% is the allowing transaction confirmations rather than whether your pool receives a block award... but it has to do with being able to transact with money that you do NOT have to then steal and then to undermine confidence in the network b/c you control the approvals of the transactions.
The problem with an entity having more than 50% of the hashing power is that it basically can decide the winning chain. Below 50% it can't go off and do its own thing as it needs others to contribute. With more than 50% it will always eventually make a chain that is longer than a competing one |
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JorgeStolfi
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June 13, 2014, 07:44:14 AM |
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Regarding silk road coins, if you had around $1.809.000 and bough BTC for it, would you sell them straight away? I don't think so. Anyone buying those coins will be longterm holders.
I have this notion (please correct me) that government auctions of other kinds of property, such as cars and houses, generally are closed well below the respective market prices. It seems that the people who bid at government auctions usually include "professionals" who buy only to resell. Those people place bids significantly below market price; if there are no higher bidders, they have made their day; otherwise they just retrieve their deposit and move on to the next auction. People who are not "professionals" tend to be scared away by the bureaucratic requirements and the large deposit. Since there will be some delay between sending the payment and receiving the coins, the bidders will also have to factor into their bids the likelihood of the market price falling in that interval and then taking months to recover. In summary, it is by no means assured that the auction will close above market. I rather expect the opposite. |
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YipYip
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June 13, 2014, 07:44:57 AM |
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Quiet Please ....600 passing ... choo choo |
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