mymenace
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Merit: 1061
Smile
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July 25, 2018, 07:22:35 PM |
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Interesting not sure if a larp more to look into We be hunting Roger and Shills?
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Hueristic
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Activity: 3962
Merit: 5376
Doomed to see the future and unable to prevent it
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July 25, 2018, 07:27:02 PM |
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After publishing the article, Meduza added an update to clarify that the former Qiwi programmer could not take advantage of the 500,000 mined bitcoins, as they were “lost” at some point. I'll believe that when they provide the address.
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gentlemand
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Activity: 2590
Merit: 3014
Welt Am Draht
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July 25, 2018, 07:32:10 PM |
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Russian CEO of QIWI company, which make payment terminals around Russia, said that their ex-worker mined 500,000 of BTC in 2011.
So some of these managed to get 20-50% of daily blocks for months when there were hundreds or thousands of GPUs? Riiiiiiiiiiiiiiight.
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4rt3m
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July 25, 2018, 07:34:10 PM |
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I'll believe that when they provide the address.
Fair enough. May be a PR trick, consider that they are planning to include crypto in their payment system soon. Russian CEO of QIWI company, which make payment terminals around Russia, said that their ex-worker mined 500,000 of BTC in 2011.
So a GPU vs some of these? Riiiiight. No
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gentlemand
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Activity: 2590
Merit: 3014
Welt Am Draht
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July 25, 2018, 07:35:46 PM |
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No
Damn. I forgot about the Cabinet Effect tm
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Ibian
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July 25, 2018, 07:39:48 PM |
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Good article. That was an explanation for the recent rally that I hadn't heard before. Really, I thought that was pretty common knowledge? I remember the merits of gold vs fiat vs bitcoin being discussed quite a bit in the first years after I joined, with comparisons like this going about: Also sites like forbes with their popups and random page scrolling are fucking awful to use, wasted a few minutes trying to find where I was interrupted at one point. Just another reason nobody likes them anymore.
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Last of the V8s
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Be a bank
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July 25, 2018, 07:45:45 PM |
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No
Damn. I forgot about the Cabinet Effect tmAlso odd is that 657,000 bitcoins altogether would've been mined in that '3 months in 2011' So the Cabinet botnet 'was' the large majority of the hashrate.
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gentlemand
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Welt Am Draht
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July 25, 2018, 07:48:10 PM |
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Also odd is that 657,000 bitcoins altogether would've been mined in that '3 months in 2011' So the Cabinet botnet 'was' the large majority of the hashrate.
It makes a glimmer of sense if it was 2009, but even then something like that is going to have a shit CPU. By 2011 GPUs were already in full swing and they're gawd knows how many times faster. But perhaps in Russia they have Gamer Edition terminals to pass the time.
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mymenace
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Smile
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July 25, 2018, 07:50:14 PM |
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The Shady History of Brock Pierce https://www.reddit.com/r/btc/comments/7qlfqn/brock_pierce_chairman_of_the_board_of_directors/Roger knows Brock right What paid shills here are keeping quiet, speak up Money is missing - thousands of users, customers, investors. And paid shills want to support this guy, We are Satoshi We see all We do not forget This market is about to go through some dramatic changes All good and well if we knew, only those in the know understand how it all transitions.
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Ibian
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Activity: 2268
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July 25, 2018, 08:19:33 PM |
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Frieza killed Vegeta.
But Super Saiyans can't be killed.
He'll come back, blonde and powerful
Too good to pass up.
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Last of the V8s
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Be a bank
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July 25, 2018, 08:21:19 PM |
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Wekkel
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yes
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July 25, 2018, 08:36:48 PM |
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My thoughts for the moment (alts not joining this rally so I expect a dud): We have about 12-14 days now to set the "2nd top" which should roughly come out at $8,4xx again. Then, I make my move
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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July 25, 2018, 08:47:12 PM |
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Rosewater Foundation
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July 25, 2018, 08:50:26 PM |
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My thoughts for the moment (alts not joining this rally so I expect a dud): We have about 12-14 days now to set the "2nd top" which should roughly come out at $8,4xx again. Then, I make my move Is it a dance move?
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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July 25, 2018, 08:51:14 PM |
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My thoughts for the moment (alts not joining this rally so I expect a dud):
Does anyone know the exact relationship between alt coins and bitcoin, except that bitcoin is the dog and altcoins are the tail? At the same time, alt coins can lead a rally or they can trail a rally or they might not come along because there is more froth in them, so I do not deny any relationship between alts and bitcoin, but I doubt that the mere fact that they are not coming along would preclude bitcoin from rallying and continuing to rally. For other reasons, including the fact that we seem to be in a consolidation zone that might not be easy to break out of, I do agree with any assertion that BTC might not go directly up from here and break above $8,600, for example... so maybe now, our consolidation zone has moved to a range of $7,000 to $8,600, so accordingly, there would not be any reason to write home (or to get excited) about any movement within such current consolidation range.
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Wekkel
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yes
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July 25, 2018, 08:52:39 PM |
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Here from another source (TradingView): From my perspective: invalidated if the 2nd top is way beyond $8,4xx.
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mindrust
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Activity: 3402
Merit: 2509
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July 25, 2018, 08:59:48 PM |
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My thoughts for the moment (alts not joining this rally so I expect a dud): We have about 12-14 days now to set the "2nd top" which should roughly come out at $8,4xx again. Then, I make my move
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Robin,Hood
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Activity: 462
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July 25, 2018, 09:02:01 PM |
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My thoughts for the moment (alts not joining this rally so I expect a dud):
Does anyone know the exact relationship between alt coins and bitcoin, except that bitcoin is the dog and altcoins are the tail? At the same time, alt coins can lead a rally or they can trail a rally or they might not come along because there is more froth in them, so I do not deny any relationship between alts and bitcoin, but I doubt that the mere fact that they are not coming along would preclude bitcoin from rallying and continuing to rally. For other reasons, including the fact that we seem to be in a consolidation zone that might not be easy to break out of, I do agree with any assertion that BTC might not go directly up from here and break above $8,600, for example... so maybe now, our consolidation zone has moved to a range of $7,000 to $8,600, so accordingly, there would not be any reason to write home (or to get excited) about any movement within such current consolidation range. Some do come along give me a little while i will update.
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mymenace
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Activity: 1596
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Smile
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July 25, 2018, 09:13:27 PM |
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The Shady History of Brock Pierce https://www.reddit.com/r/btc/comments/7qlfqn/brock_pierce_chairman_of_the_board_of_directors/Roger knows Brock right What paid shills here are keeping quiet, speak up Money is missing - thousands of users, customers, investors. And paid shills want to support this guy, We are Satoshi We see all We do not forget This market is about to go through some dramatic changes All good and well if we knew, only those in the know understand how it all transitions. Future proves past
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