dreamspark
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August 21, 2015, 01:41:53 PM |
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Saw an article this morning. http://www.msn.com/en-us/news/technology/the-blackmail-of-ashley-madison-users-has-already-begun/ar-BBlXLTH?li=AA54ur I guess a extortionist group called "Team GrayFlay" is already threatening to blackmail Ashley Madison users in the hack and they want payment only in Bitcoin. From the article Unfortunately your data was leaked in the recent hacking of Ashley Madison and I now have your information. If you would like to prevent me from finding and sharing this information with your significant other send exactly 2.00000054 bitcoins (approx. value $450 USD) to the following address… If Team GrayFlay (or any other blackmailer, for that matter) emailed all 32 million account holders, and just 0.01% of them agreed to pay up the $450 (£288) ransom, it would still earn them $1.4 million dollars (£0.9 million). So I guess this is bullish news? Not sure how I feel about making a profit on the heels of extortion though. Nobody will pay that if they have half a brain. The data is so easily accessible publicly you would get blackmailed repeatedly, you pay this person then you have to pay the 1000 more who also threaten to expose you. Gaining a silence fee only works if you're the sole holder of the information. At this point anybody who finds themselves exposed through this hack is better off just fessing up. Nobody is rich enough to pay off everybody who comes threatening them.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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billyjoeallen
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August 21, 2015, 01:53:28 PM |
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where are the finex walls?
They got eaten. Completely. Didnt you get the memo? BFX's liquidity provider just went fuck this shit and pulled all the liquidity right before the big sell off. There's only one or two big liquidity providers left on BFX, they all moved on after BFX exposed that they were paying 0 trading fees. Everyone's on OKC now. Don't be surprised if BFX becomes just another stamp like fiat gateway. If they pulled out, others will move in to out bid me. Or I make bank. Traders love volatility. Investors don't. I'm both. I ain't worried either way. You're not a liquidity provider in the sense that I'm talking about, yes traders provide liquidity but exchanges have deals with certain parties to provide serious liquidity on their platforms. It's way more complicated than just traders will step in to provide liquidity. Just look at the effect of closing $5mill in longs when Mr MM pulled his liquidity. You do know BFX had to halt margin calls even though they reached liquidation price due to the lack of liquidity on the bid side and how much the cascading calls would move the market. Trust me I've had multiple conversations with Phil about it. If they had let the margin calls and sells carry on organically BFX would have eaten the whole of its book during that crash. "If they pulled out, others will move in to out bid me" They pulled out, have you seen the order books, $2.6 million moves the market down 50%. I know several whales who moved long ago when this 0 fee fiasco happened, nearly all the big traders are on OKC. Those books don't show my hidden lowball orders and I suspect many more on top of mine. I'm HAPPY those longs were closed. They put a ceiling on price. every margin long has to close before profits are taken. I closed a bunch myself when I trippled down AFTER the bottom, got my average buy-in price below spot on the bounce, closed and used the profits to buy MOAR BTC. edit: and screw those guys. Why should they get zero fees when I have to pay?
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BitChick
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August 21, 2015, 01:56:16 PM |
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Saw an article this morning. http://www.msn.com/en-us/news/technology/the-blackmail-of-ashley-madison-users-has-already-begun/ar-BBlXLTH?li=AA54ur I guess a extortionist group called "Team GrayFlay" is already threatening to blackmail Ashley Madison users in the hack and they want payment only in Bitcoin. From the article Unfortunately your data was leaked in the recent hacking of Ashley Madison and I now have your information. If you would like to prevent me from finding and sharing this information with your significant other send exactly 2.00000054 bitcoins (approx. value $450 USD) to the following address… If Team GrayFlay (or any other blackmailer, for that matter) emailed all 32 million account holders, and just 0.01% of them agreed to pay up the $450 (£288) ransom, it would still earn them $1.4 million dollars (£0.9 million). So I guess this is bullish news? Not sure how I feel about making a profit on the heels of extortion though. Nobody will pay that if they have half a brain. Betting that everyone in a pool of 32 million has >1/2 brin is a _____ bet? Fill in blank. All in. Bitcoin is going up!
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ChartBuddy
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August 21, 2015, 02:02:28 PM |
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billyjoeallen
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August 21, 2015, 02:16:57 PM Last edit: August 21, 2015, 02:49:35 PM by billyjoeallen |
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blah blah blah..
exposing wrong doing doesn't make you a hero, Bradley, Edward and Julian. right? Adultery is betrayal of trust and breech of marital contract--whatever your views on promiscuity--right? So it's bad, right? If blackmail was legal, there'd be less adultery, right? Nobody is using violence or threatening to initiate force, right? So why is blackmail wrong? Telling some guy his wife is a slut is not a crime, so why is threatening to do so a crime? Particularly if it's true??? There is no logic to this. Doing something good like donating a kidney is good, but selling kidneys is evil. What the fuck? Getting paid to do something that is arguably good but certainly legal somehow become a crime when you get paid to do it? Getting paid to keep your mouth shut does not make you a privacy advocate. Does this help?
Then explain the legal status of Edward Snowden, Bradley Manning, and Julian Assange.
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hdbuck
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August 21, 2015, 02:20:44 PM |
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Saw an article this morning. http://www.msn.com/en-us/news/technology/the-blackmail-of-ashley-madison-users-has-already-begun/ar-BBlXLTH?li=AA54ur I guess a extortionist group called "Team GrayFlay" is already threatening to blackmail Ashley Madison users in the hack and they want payment only in Bitcoin. From the article Unfortunately your data was leaked in the recent hacking of Ashley Madison and I now have your information. If you would like to prevent me from finding and sharing this information with your significant other send exactly 2.00000054 bitcoins (approx. value $450 USD) to the following address… If Team GrayFlay (or any other blackmailer, for that matter) emailed all 32 million account holders, and just 0.01% of them agreed to pay up the $450 (£288) ransom, it would still earn them $1.4 million dollars (£0.9 million). So I guess this is bullish news? Not sure how I feel about making a profit on the heels of extortion though. Its more like making money from unfaithful little pieces of frustrated shit. Immoral x immoral = moral So bullish to me! ^^
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Adrian-x
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August 21, 2015, 02:25:28 PM |
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Saw an article this morning. http://www.msn.com/en-us/news/technology/the-blackmail-of-ashley-madison-users-has-already-begun/ar-BBlXLTH?li=AA54ur I guess a extortionist group called "Team GrayFlay" is already threatening to blackmail Ashley Madison users in the hack and they want payment only in Bitcoin. From the article Unfortunately your data was leaked in the recent hacking of Ashley Madison and I now have your information. If you would like to prevent me from finding and sharing this information with your significant other send exactly 2.00000054 bitcoins (approx. value $450 USD) to the following address… If Team GrayFlay (or any other blackmailer, for that matter) emailed all 32 million account holders, and just 0.01% of them agreed to pay up the $450 (£288) ransom, it would still earn them $1.4 million dollars (£0.9 million). So I guess this is bullish news? Not sure how I feel about making a profit on the heels of extortion though. It's bullshit news that if you are cheering on you spouse and you want to keep up the moral facade it's can be bought with Bitcoin. For everything else there's Master Card.
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thefunkybits
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August 21, 2015, 02:55:07 PM |
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First time since the flashcrash that i've seen the Bitstamp orderbook stacked higher on the bid side
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billyjoeallen
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August 21, 2015, 03:00:30 PM |
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If the choice is between (living out my days in blissful ignorance) & (learning ugly truth & turning into a bitter wretch), I'll pick ignorance. There is no intrinsic value in truth, especially when it's not life-affirming.
That's your choice. I don't see what's so life-affirming about being a sucker with an unsatisfied spouse. My point stands tho: telling a guy that his wife sucks D at a truck stop doesn't make you a hero. You may disagree. It might if it leads the guy either become a better husband or free of a deceitful woman. Can we at least agree that it doesn't make you a criminal?
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ChartBuddy
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August 21, 2015, 03:02:33 PM |
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billyjoeallen
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August 21, 2015, 03:02:43 PM |
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First time since the flashcrash that i've seen the Bitstamp orderbook stacked higher on the bid side haven't you heard? The Four Punch Raiders-excuse me-"liquidity providers" are on OKC now.
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thefunkybits
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August 21, 2015, 03:04:51 PM |
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First time since the flashcrash that i've seen the Bitstamp orderbook stacked higher on the bid side haven't you heard? The Four Punch Raiders-excuse me-"liquidity providers" are on OKC now. you have any good reading material pertaining to that? is that supposed to be bullish?
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billyjoeallen
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August 21, 2015, 03:06:33 PM |
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It's bullshit news that if you are cheering on you spouse and you want to keep up the moral facade it's can be bought with Bitcoin. For everything else there's Master Card.
Apparently keeping up the moral facade is "life affirming".
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billyjoeallen
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August 21, 2015, 03:12:28 PM |
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First time since the flashcrash that i've seen the Bitstamp orderbook stacked higher on the bid side haven't you heard? The Four Punch Raiders-excuse me-"liquidity providers" are on OKC now. you have any good reading material pertaining to that? is that supposed to be bullish? read up a few posts. It's bullish if you think pump-and dumps are bullish. They always target the margin bears after squeezing the leveraged bulls. We're not going anywhere sustainably until this block size crap is resolved.
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billyjoeallen
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August 21, 2015, 03:30:08 PM |
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After [presumably] learning that your ex was a cheating piece of shit, you became a better husband? A better husband to whom, may I ask, to your cheating ex? Did she ...deserve a better husband?
Doesn't matter. If you love someone, you give them what they need, not what they deserve. If you love yourself, you become the person who has the option to trade up. Farting at the opera doesn't make you a criminal either. Just unpleasant. Can we agree that not everyone who is !criminal = hero?
Sure. But are some criminals also heroes? (this is where people who criminally exposed wrongdoing like Snowden, Manning and Assange factor in).
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ChartBuddy
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August 21, 2015, 04:02:34 PM |
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billyjoeallen
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August 21, 2015, 04:04:15 PM |
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If you love someone, you give them what *you want them to want*--yourself. Your ex, clearly, needed someone else's D, and to deceive you. You, apparently, did not love her, since you did not want to give her what she needed. Needy people are generally unattractive, whether men or woman. Don't be needy. That's all I'm going to say about that. Farting at the opera doesn't make you a criminal either. Just unpleasant. Can we agree that not everyone who is !criminal = hero? Sure. But are some criminals are also heroes (this is where people who criminally exposed wrongdoing like Snowden, Manning and Assange factor in).
Of course. Though I'm not entirely sure the folks you chose as examples. Batman and Robin Hood then. Whatever. The point is there is no logical reason why blackmail should be illegal, regardless of how unpleasant it is. There is a utilitarian case to be made that it does more good than harm. From the natural rights perspective, it doesn't violate any. Good people are not always pleasant and pleasant people are not always good. Laws are not always good and criminals are not always bad.
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ssmc2
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August 21, 2015, 04:05:51 PM |
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If you love someone, you give them what *you want them to want*--yourself. Your ex, clearly, needed someone else's D, and to deceive you. You, apparently, did not love her, since you did not want to give her what she needed. Needy people are generally unattractive, whether men or woman. Don't be needy. That's all I'm going to say about that. Farting at the opera doesn't make you a criminal either. Just unpleasant. Can we agree that not everyone who is !criminal = hero?
Sure. But are some criminals are also heroes (this is where people who criminally exposed wrongdoing like Snowden, Manning and Assange factor in). Of course. Though I'm not entirely sure the folks you chose as examples. Batman and Robin Hood then. Whatever. The point is there is no logical reason why blackmail should be illegal, regardless of how unpleasant it is. There is a utilitarian case to be made that it does more good than harm. From the natural rights perspective, it doesn't violate any. Good people are not always pleasant and pleasant people are not always good. Laws are not always good and criminals are not always bad. [/quote] Morality and truth are both subjective.
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dreamspark
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August 21, 2015, 04:17:54 PM |
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Those books don't show my hidden lowball orders and I suspect many more on top of mine.
I'm HAPPY those longs were closed. They put a ceiling on price. every margin long has to close before profits are taken. I closed a bunch myself when I trippled down AFTER the bottom, got my average buy-in price below spot on the bounce, closed and used the profits to buy MOAR BTC.
edit: and screw those guys. Why should they get zero fees when I have to pay?
Those books also don't show the shit storm of btc that would be sold into those hidden orders as well. Yeah and there's still 100k btc at CURRENT prices of longs open, that's still a hilariously large ceiling on the price if you ask me Because they make markets, have you tried to trade on an illiquid exchange, without market makers and liquidity providers most the exchanges would be hardly more liquid than some shit coin markets, spreads would be massive and us traders couldn't make money, its how this shit works.
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billyjoeallen
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August 21, 2015, 04:21:00 PM |
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Re: Ashley Madison blackmail:
Bitcoin is money that functions on an information network. The two most obvious applications are paying for information and paying to keep information secret. There are good and bad actors who do both. It's morality neutral.
Now, this is the Wall Observer thread, so what is the effect on price? bad publicity is still publicity, but let's call that negative anyway. There will be short term demand as adulterers buy the ransoms, but the blackmailers may cash out at the other end. No or negligible effect either way.
The biggest fundamental concern is the unresolved scalability issue. The biggest fundamental cause for optimism is currency carnage in the EM related to an impending global crash or at least downturn and looming or expanding capital controls.
It's maddening that the core devs haven't fixed the transaction capacity now when the world has a growing need for both better payment systems and stores of value.
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