Specular
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Activity: 180
Merit: 102
dApps Development Automation Platform
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January 14, 2015, 09:26:25 PM |
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Calm before the storm... eerily still considered the last 48 hrs |
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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xyzzy099
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Activity: 1062
Merit: 1041
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January 14, 2015, 09:26:37 PM |
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If they did that, they would have created Yet Another Alt Coin (which happens very frequently), and it would have no effect on Bitcoin at all.
Yes, I know that bitcoiners have taken solace in that belief, since the 51% risk became real. Keep believing. There is no belief involved. What constitutes Bitcoin is defined by the consensus of the miners - period. If a majority of miners were to choose to mine according to a different protocol than what they currently do, that protocol will effectively become Bitcoin. It has nothing to do with what Gavin or the foundation want. |
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Wolf Rainer
Legendary
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Activity: 1960
Merit: 1022
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January 14, 2015, 09:27:46 PM |
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bitcoinwisdom.com under DDOS attack... This is obvious some big group (bank, goverment) attacking bitcoin, that´s why the price keep digging.
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Dump3er
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January 14, 2015, 09:28:12 PM |
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Where is it The Honorable Doctor Professor Jorge Stolfi works again? I need to know so I can advice my children never to apply there.
pretty sure it's an argentinian school. Now THAT is offensive. May you spill coffee all over your paper wallets. (My macumba should get you soon, just waiting for six confrmations.) It´s offensive to born in Argentina? Why don´t you just suck my dick? Pink Ponies will suck your dick... |
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Richy_T
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Activity: 2422
Merit: 2113
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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January 14, 2015, 09:28:38 PM |
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Asks flat but nobody buying, Stamp effectively out of the game...
The next 24 hours are critical.
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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January 14, 2015, 09:29:05 PM |
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I'm starting to think the Four Punch Raiders may have lost control of this market. They need to remember the Hustler's Axiom:
You can sheer a sheep many times, but you can skin him only once.
I ain't buyin' another goddam coin to assist in the short squeeze but I'll short like hell after the pop. BUT this time there may not be a short squeeze. I think there is a real possibility that there will be another drop and the FPRs will get long squeezed themselves.
I thought you were buying even if it fell to $10? I'm long now, but I'm not buying more until the four punch raids stop. This last one was too big. For now I am content with my stash and making money front-running these assholes. To be honest, I simply can't afford to put any additional money at risk. |
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mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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January 14, 2015, 09:29:26 PM |
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I know a couple of large miners that are having a real hard time now, unfortunately not only them but many miners are having the "talk" about if they continue mining and cover the lost from their own pockets, or simply shutdown their operations and sell the BTC they are hoarding in case of the price falls further.
I am also curious if Chinese manufacturers will continue inflating the market with their hardware, and at what point it will become unprofitable for them to continue the production.
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Richy_T
Legendary
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Activity: 2422
Merit: 2113
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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January 14, 2015, 09:30:55 PM |
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What's the most bullish thing imaginable? I would like some brainstorming please.
Greece. Not wishing for it though. Huh? Why? Cause it's going to cause misery and strife for a whole lot of people. I support Bitcoin because I'm hoping we can move away from the systems that cause that kind of thing. |
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Dump3er
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January 14, 2015, 09:32:03 PM |
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bitcoinwisdom.com under DDOS attack... This is obvious some big group (bank, goverment) attacking bitcoin, that´s why the price keep digging.
LMAO. I doubt that they need to attack something sooo tiny small. If they wanted to, the only had to blow soft and bitcoin would be done. Bitcoiners!!  |
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Wolf Rainer
Legendary
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Activity: 1960
Merit: 1022
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January 14, 2015, 09:33:15 PM |
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bitcoinwisdom.com under DDOS attack... This is obvious some big group (bank, goverment) attacking bitcoin, that´s why the price keep digging.
LMAO. I doubt that they need to attack something something sooo tiny small. If they wanted to, the only had to blow soft. Bitcoiners!! 10.000 millons without banks and governments it´s tiny? |
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JorgeStolfi
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January 14, 2015, 09:35:06 PM |
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If they did that, they would have created Yet Another Alt Coin (which happens very frequently), and it would have no effect on Bitcoin at all.
Yes, I know that bitcoiners have taken solace in that belief, since the 51% risk became real. Keep believing. There is no belief involved. What constitutes Bitcoin is defined by the consensus of the miners - period. If a majority of miners were to choose to mine according to a different protocol than what they currently do, that protocol will effectively become Bitcoin. It has nothing to do with what Gavin or the foundation want. Yes, and that is what I meant: if someone with billions to spare offered to buy 25 million bitcoins, the protocol would be immediately changed to create them, with the full cooperation of miners AND approval of developers. |
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coins101
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Activity: 1456
Merit: 1000
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January 14, 2015, 09:36:20 PM |
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bitcoinwisdom.com under DDOS attack... This is obvious some big group (bank, goverment) attacking bitcoin, that´s why the price keep digging.
Could just be a few million panicked Bitcoiners on F5 not believing their eyes at the moment. |
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Wolf Rainer
Legendary
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Activity: 1960
Merit: 1022
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January 14, 2015, 09:37:22 PM |
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bitcoinwisdom.com under DDOS attack... This is obvious some big group (bank, goverment) attacking bitcoin, that´s why the price keep digging.
Could just be a few million panicked Bitcoiners on F5 not believing their eyes at the moment. Bitcointalk was under attack yesterday... Bitstamp hacked... Millions of USD just to push down the price of bitcoin. Yeah, it´s all coincidence. |
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Richard Branson
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January 14, 2015, 09:37:52 PM |
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10.000 millons without banks and governments it´s tiny?
10'000 millions where? Don't extrapolate from tiny exchange volume to the whole market capitalization. That is just plain wrong. Bitcoin is worth a few millions at best. Why should a bank attack bitcoin? Bitcoin needs fiat as long as it is not properly distributed, otherwise nobody can buy bitcoin (or do you accept apples for bitcoin?). Bitcoin has enough problems by itself (scamchanges, scamwallets, hardfork, Transaction Limit, hardfork, centralized mining...) |
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luckygenough56
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Activity: 1526
Merit: 1012
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January 14, 2015, 09:38:16 PM |
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bitcoinwisdom.com under DDOS attack... This is obvious some big group (bank, goverment) attacking bitcoin, that´s why the price keep digging.
LMAO. I doubt that they need to attack something sooo tiny small. If they wanted to, the only had to blow soft and bitcoin would be done. Bitcoiners!!  |
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marcus_of_augustus
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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January 14, 2015, 09:39:01 PM |
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If they did that, they would have created Yet Another Alt Coin (which happens very frequently), and it would have no effect on Bitcoin at all.
Yes, I know that bitcoiners have taken solace in that belief, since the 51% risk became real. Keep believing. There is no belief involved. What constitutes Bitcoin is defined by the consensus of the miners - period. If a majority of miners were to choose to mine according to a different protocol than what they currently do, that protocol will effectively become Bitcoin. It has nothing to do with what Gavin or the foundation want. Yes, and that is what I meant: if someone with billions to spare offered to buy 25 million bitcoins, the protocol would be immediately changed to create them, with the full cooperation of miners AND approval of developers. billions of what? argentian pesos? brasilian rials? get over it, Bitcoin has been defined mathematically with an algo that releases total 21 million whole bitcoin ... else it is something else and you'll need to make up your own nomenclature for defining your new algo and altcoin |
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Erdogan
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Activity: 1512
Merit: 1005
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January 14, 2015, 09:39:09 PM |
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I dont agree with your personal beliefs, so ill call you names and publicly judge you and passive aggressively impose my own world view on you
Yeah, just believe in jesus. He will give you a meal an warm you during the winter. All hail jesus, the fucker of young boys. This comment is just ignorant and shows lack of knowledge about what you are so adamantly against. Im sure you form most of your opinions based on elementary research, and yt videos based on what you just said. Whatevs And you on the bible? Some relevant stuff from the bible. "The king" is in current era the same as the group of government persons: (Samuel 8 ) "10 Samuel told all the words of the Lord to the people who were asking him for a king. 11 He said, “This is what the king who will reign over you will claim as his rights: He will take your sons and make them serve with his chariots and horses, and they will run in front of his chariots. 12 Some he will assign to be commanders of thousands and commanders of fifties, and others to plow his ground and reap his harvest, and still others to make weapons of war and equipment for his chariots. 13 He will take your daughters to be perfumers and cooks and bakers. 14 He will take the best of your fields and vineyards and olive groves and give them to his attendants. 15 He will take a tenth of your grain and of your vintage and give it to his officials and attendants. 16 Your male and female servants and the best of your cattle[c] and donkeys he will take for his own use. 17 He will take a tenth of your flocks, and you yourselves will become his slaves. 18 When that day comes, you will cry out for relief from the king you have chosen, but the Lord will not answer you in that day.”" Except, bad prediction, the slaves do not cry out for relief, they cry "More, more, hit me more"! |
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JorgeStolfi
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January 14, 2015, 09:39:28 PM |
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Where is it The Honorable Doctor Professor Jorge Stolfi works again? I need to know so I can advice my children never to apply there.
pretty sure it's an argentinian school. Now THAT is offensive. May you spill coffee all over your paper wallets. (My macumba should get you soon, just waiting for six confrmations.) It´s offensive to born in Argentina? Try calling a Belgian "Frenchman". Or an Austrian "German". Or an Ukranian "Russian". Or... |
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cbeast
Donator
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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January 14, 2015, 09:39:31 PM |
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I see a lot of other cryptos being developed that offer exciting possibilities for managing data and assets, but none of them are a safe store of value. They all rely on trusting human input. Only Proof of Work can serve this task transparently. Bitcoin is still a vital technology.
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Wolf Rainer
Legendary
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Activity: 1960
Merit: 1022
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January 14, 2015, 09:39:38 PM |
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10.000 millons without banks and governments it´s tiny?
10'000 millions where? Don't extrapolate from tiny exchange volume to the whole market capitalization. That is just plain wrong. Bitcoin is worth a few millions at best. Why should a bank attack bitcoin? Bitcoin needs fiat as long as it is not properly distributed, otherwise nobody can buy bitcoin (or do you accept apples for bitcoin?). Bitcoin has enough problems by itself (scamchanges, scamwallets, hardfork, Transaction Limit, hardfork, centralized mining...) There are more than 6.000 millons just in hardware and services for bitcoin... |
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