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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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Fatman3001
Legendary
 Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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March 17, 2015, 09:38:36 PM |
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 cos that's how we all live our lives, in a perpetual state of social networked paradise...  Idk. Looks quite sad. He's texting to himself. |
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michaelGedi
Sr. Member
Offline
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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March 17, 2015, 09:40:02 PM |
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...
Idk. Looks quite sad. He's texting to himself. at 8:32 in the morning... Awesome! |
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BitcoinIsLiberty
Newbie
Offline
Activity: 55
Merit: 0
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March 17, 2015, 09:42:31 PM |
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http://www.otcmarkets.com/stock/GBTC/quoteI can't remember the warnings that were on the page before but it looks like it was updated a bit today and shows BIT by Greyscale and OTC Pink. I wonder when it will go live.
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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March 17, 2015, 09:45:56 PM |
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...
Idk. Looks quite sad. He's texting to himself. at 8:32 in the morning... Awesome! A sad image of the social media generation. I bet there are no tickets. |
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coinableS
Legendary
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Activity: 1442
Merit: 1179
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March 17, 2015, 09:48:18 PM |
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So "pay" is trending I see. Apple Pay Facebook Pay ... what's next? PayPalPay? IBM Pay? |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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March 17, 2015, 09:49:48 PM |
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So "pay" is trending I see. Apply Pay Facebook Pay ... what's next? PayPalPay? IBM Pay? BitPay |
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4482
You're never too old to think young.
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March 17, 2015, 09:50:57 PM |
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...
Idk. Looks quite sad. He's texting to himself. at 8:32 in the morning... Awesome! 8:20 AM? Past my bedtime.  |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 17, 2015, 09:59:04 PM |
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tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
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March 17, 2015, 10:00:49 PM |
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how's your longs doing bulls?  |
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YourMother
Legendary
Offline
Activity: 1281
Merit: 1046
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March 17, 2015, 10:01:27 PM |
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It's time to bury some bulltards  |
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Meuh6879
Legendary
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Activity: 1512
Merit: 1011
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March 17, 2015, 10:07:06 PM |
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hyphymikey
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March 17, 2015, 10:09:28 PM |
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how's your longs doing bulls? Farther in the green than your shorts. Much farther if you only shorted in the 290s. |
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Cconvert2G36
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March 17, 2015, 10:10:30 PM |
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Been a rough month for the longs.  |
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hyphymikey
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March 17, 2015, 10:11:38 PM |
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Been a rough month for the longs. Sarcasm? |
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tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
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March 17, 2015, 10:12:47 PM |
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how's your longs doing bulls? Farther in the green than your shorts. Much farther if you only shorted in the 290s. you didnt lock your profits? good. I will make more money. |
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4482
You're never too old to think young.
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March 17, 2015, 10:13:28 PM |
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LFC_Bitcoin
Legendary
Offline
Activity: 3528
Merit: 9552
#1 VIP Crypto Casino
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March 17, 2015, 10:14:10 PM |
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Epic bear trap this.....
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hyphymikey
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March 17, 2015, 10:14:51 PM |
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how's your longs doing bulls? Farther in the green than your shorts. Much farther if you only shorted in the 290s. you didnt lock your profits? Some. But reloaded Friday the 13th. It seems we are repeating a previous pattern. I'd close those shorts as close to 280 as possible if I were you. Before the weekend as well. |
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JorgeStolfi
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March 17, 2015, 10:15:20 PM |
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There could have been no rational justification for the choice of the initial block reward and its evolution over time, nor for the maximum number of coins -- although these parameters are obviously linked. Arbitrary for arbitrary, halving the rewards at fixed intervals was chosen because it was the simplest schedule to explain and implement. The next decision was to limit the number of atomic units (satoshis) to about 2^51 - 1 = 2'251'799'813'685'247, which is the maximum range of integers that can be safely manipulated in IEEE double-precision floating point without rouding. That would allow any bitcoin accounting to be done on an Excel spreadsheet without losing a satoshi. (Excel, and many other programs, use double-precsion floating point for all numbers, Most computer nerds would never have tought of that. They generally avoid floating-point because of its complicated rounding, and would have picked 2^63 or 2^62 instead. But Satoshi obviously was not a typical computer nerd, knew how Excel works, and knew how to use FP without rounding.) Once fixed 2^51 a limit for the max number of satoshis in the system, Satoshi had to choose the initial block reward and the halving period. 50 BTC is not a round binary number satoshis, but it is a nice round number of BTCs. WIth that initial reward, the halving had to be every ~210'000 blocks, to keep the total number of satoshis below 2^51. It was rounded to 210'000, meaning that the total will be a little less than 21 million. If the initial reward had been set at 100 BTC/block, for example, the halving period would have had to be ~105'000 blocks, or about 2 years. |
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