creekbore
Full Member
 Offline
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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February 17, 2014, 09:20:31 AM |
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This week has demonstrated how one man, who owns a badly run exchange but has a good PR team, can do massive damage to BTC.
Massive damage? I know this is spec forum, but the price remains one of the least important things. It is undeniable, bitcoin is the future. What we have here is a massive disconnect. Many participants insist on conflating the price of the miner’s reward, which is what we are trading, with the worth of the blockchain/protocol. This is not Bitcoin, Inc. There are no shares of the blockchain for sale. The asset, protocol, cannot be bought. Good luck trying to overcome the biases that are evident in a great many posts on this forum in general, and this sub-forum in particular. Good point. Well, don't know what you're drinking...I've got a South Australian Shiraz. When does the main feature start? |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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ChrisML
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February 17, 2014, 09:22:35 AM |
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This is going to be a very, very interesting day!
in tokyo, the day is over. what happened ? nothing ? so another day of fud here in the forums...  It's 18:22 in Tokyo right now. So, the day is not over yet. |
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FTWbitcoinFTW
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February 17, 2014, 09:25:05 AM |
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This is going to be a very, very interesting day!
in tokyo, the day is over. what happened ? nothing ? so another day of fud here in the forums... It's 18:22 in Tokyo right now. So, the day is not over yet. Expect gox wait for US wake up so i'll gues 14:00 GMT |
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Hypnoise
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February 17, 2014, 09:28:34 AM |
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this thread sounds more and more like "BFL is a scam" threads, from pre asic era..
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ChrisML
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February 17, 2014, 09:29:05 AM |
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This is going to be a very, very interesting day!
in tokyo, the day is over. what happened ? nothing ? so another day of fud here in the forums... It's 18:22 in Tokyo right now. So, the day is not over yet. Expect gox wait for US wake up so i'll gues 14:00 GMT My thoughts aswell. |
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F-bernanke
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February 17, 2014, 09:30:09 AM |
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Expect gox wait for US wake up so i'll gues 14:00 GMT
To maximize the panic effect? Makes sense. |
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OldGeek
Sr. Member
Offline
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
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February 17, 2014, 09:31:23 AM |
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Good point.
Well, don't know what you're drinking...I've got a South Australian Shiraz.
When does the main feature start?
I think that we don't see the feature tonight. Perhaps tomorrow, but that is still doubtful in my mind. MK seems to have a way of underdelivering. ie, this could go for days. The Shiraz sounds intriguing. I'll have to see if my local establishment can get some. Tonight I'm having a home-brewed Tokay. (not recommended for the faint hearted) See here if you are unfamiliar with this delight. http://www.lodiwine.com/blog/the-fiery-fall-and-resplendent-resurrection-of-flame-tokay |
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FTWbitcoinFTW
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February 17, 2014, 09:34:48 AM |
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Expect gox wait for US wake up so i'll gues 14:00 GMT
To maximize the panic effect? Makes sense. No To be fair with everyone for reacting in any way they want. No point to release a sansible update if they all sleep |
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Blue
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February 17, 2014, 09:37:37 AM |
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It's actually 5 years. The Black Swan would need to solve a problem that Bitcoin doesn't. First you need to find that problem, then the Open Source community will work on it. So far all the best solutions include Bitcoin.
Quote from: TERA on Today at 01:45:08 AM
This is exactly what I was talking about in my other thread "the irony of a decentralized currency with a development team" but they don't get it ... Quote from Blitz:
Congrats my friend, seriously. I remember that thread. You grasp what the Bitcoin cultists do not.
However, a certain degree of centralization is useful as we have seen, and I don't think it is a fundamental concern except in the very, very long term. Still, it is good to be aware of it. However, the point is that a Black Swan event can be anything. This week has demonstrated how one man, who owns a badly run exchange but has a good PR team, can do massive damage to BTC. So what is this "Black Swine" event, possibly  |
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Tas
Newbie
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Activity: 30
Merit: 0
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February 17, 2014, 09:40:08 AM |
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Rannasha
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February 17, 2014, 09:41:05 AM |
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Check the date for that Pastebin, it was posted saturday. |
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Tas
Newbie
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Activity: 30
Merit: 0
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February 17, 2014, 09:43:22 AM |
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Check the date for that Pastebin, it was posted saturday. Hmmm, you're right. |
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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February 17, 2014, 09:44:05 AM |
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Today is announcement day to give ETA for another announcement day. Buying time it is..
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F-bernanke
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February 17, 2014, 09:44:52 AM |
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Today is announcement day to give ETA for another announcement day. Buying time it is..
My bet aswel. |
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creekbore
Full Member
Offline
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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February 17, 2014, 09:45:31 AM |
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Good point.
Well, don't know what you're drinking...I've got a South Australian Shiraz.
When does the main feature start?
I think that we don't see the feature tonight. Perhaps tomorrow, but that is still doubtful in my mind. MK seems to have a way of underdelivering. ie, this could go for days. The Shiraz sounds intriguing. I'll have to see if my local establishment can get some. Tonight I'm having a home-brewed Tokay. (not recommended for the faint hearted) See here if you are unfamiliar with this delight. http://www.lodiwine.com/blog/the-fiery-fall-and-resplendent-resurrection-of-flame-tokayNever heard of that variety, but good for you with the home viniculture and thanks for broadening my knowledge...loving the 'young girls in togas'  |
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yrtrnc
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February 17, 2014, 09:48:46 AM |
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Its already past bedtime for mark kraphead in tokyo, make this announcement already!
Did they even say they were going to make an announcement on Today??
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Rannasha
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February 17, 2014, 09:51:25 AM |
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Its already past bedtime for mark kraphead in tokyo, make this announcement already!
Did they even say they were going to make an announcement on Today??
Check their previous update, they said a new update would come on monday. |
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Davyd05
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February 17, 2014, 09:52:03 AM |
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Its already past bedtime for mark kraphead in tokyo, make this announcement already!
Did they even say they were going to make an announcement on Today??
I was doing some reading on Japan work hours, they're longer sounding then the western world. I wonder if the update rolls in when the night shift starts its shift. |
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yrtrnc
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February 17, 2014, 09:52:16 AM |
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Its already past bedtime for mark kraphead in tokyo, make this announcement already!
Did they even say they were going to make an announcement on Today??
Check their previous update, they said a new update would come on monday. Cheers |
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GaliX
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February 17, 2014, 09:59:06 AM |
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somebody got cold feed on bitstamp or an insider?  |
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