tarmi
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Activity: 1218
Merit: 1010
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June 24, 2015, 01:43:55 PM |
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keep dreaming about greece. I find this post post about the spam test interesting. and I kinda agree. Maybe the Bitcoin XT developers did this to spread FUD about bitcoin's integrity?
There's been no updates about results even though the test is over, I think their attack was way less harmful than projected and they don't even wanna talk about it, 20 BTC was gone within a few hours since the transaction fees went up and they didn't properly account for that.
There's delays of a few hours sometimes even when the bitcoin network is totally normal, so this didn't prove much. If someone really hated Bitcoin and had a million dollars to blow it wouldn't last more than a day, so it's an unlikely threat.
In fact, I think this proved that Bitcoin naturally responds to such an attack/transaction volume increase naturally and eliminates the problem. Transaction fees simply go up so people stop sending spam/dust transactions and only important transactions. This suggests a blocksize increase isn't necessary.
Real scientists would be happy to have a result and discuss it rather than disappear. This was not done by scientists, the illusion that it was an experiment to better understand Bitcoin is false. Those behind this 'test' only wanted to make Bitcoin look like it needs XT to survive. I'm fairly certain this was a stunt by Gavin and his buddies. If my suspicion is right then we certainly cannot trust the Bitcoin XT devs, they are willing to destabilize the inner workings of Bitcoin and hurt the Bitcoin economy, in order to spread fear among Bitcoiners so that they can gain control of Bitcoin's code. Fortunately it backfired, I think they were willing to delay transactions for over a day and cause some real damage.
Who else would spend 20 Bitcoins on this and try to be completely anonymous? No one...
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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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ejinte
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June 24, 2015, 01:55:24 PM |
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Die litecoin die!!
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ChartBuddy
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Activity: 2156
Merit: 1745
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June 24, 2015, 01:57:41 PM |
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cyclotronmajesty
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June 24, 2015, 02:03:03 PM |
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OK... I think I figured it out...
Those 237 coin price walls are in fact fake. That guy/girl has no intention of selling.
Because if they wanted to sell at 241.8 they could have done that 5 hours ago without any protest.
But 5 hours ago they wanted to sell at 50¢ higher than the ticker price. Thus the scam.
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Sitarow
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Activity: 1792
Merit: 1047
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June 24, 2015, 02:18:29 PM |
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tomothy
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June 24, 2015, 02:20:19 PM |
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Die litecoin die!!
Yeah, that was a slightly significant decrease. Now with the LTC drop I'm wondering if we coil for a BTC spring... however, it's not Thursday yet so i'm thinking down and sideways until tomorrow? |
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_javi_
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June 24, 2015, 02:29:04 PM |
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LTC predicted BTC´s rise last time.. wanna bet where is BTC heading now?  |
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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June 24, 2015, 02:34:14 PM |
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keep dreaming about greece.
Capital controls are coming. Greeks are loaded up on physical cash. If you run a business in Greece and depend on foreign suppliers, How will you pay them? You're gonna find a seller on localbitcoins.com and trade those euros under your mattress for BTC. |
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tarmi
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Activity: 1218
Merit: 1010
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June 24, 2015, 02:37:19 PM |
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lel
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cyclotronmajesty
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June 24, 2015, 02:41:05 PM |
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There it goes... ~286 bitcoin sale on bitfinex... goes up again... now disappears.
If those guys really wanted to sell them at that price the sale wouldn't be visible.
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Hfertig
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June 24, 2015, 02:49:27 PM |
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There it goes... ~286 bitcoin sale on bitfinex... goes up again... now disappears.
If those guys really wanted to sell them at that price the sale wouldn't be visible.
What are you trying to tell us? Fake walls exist since Bitcoin is traded on exchanges and 286 Coins is not even considered a wall.... Why do you care? Nervous holding coins? |
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ChartBuddy
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Merit: 1745
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June 24, 2015, 02:57:11 PM |
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tomothy
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June 24, 2015, 03:08:21 PM |
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Sitarow, I've missed your commentary as of late. Any thoughts concerning what may happen over the next 60 days; especially concerning various exchanges, ny, & regulation? To me, it really is all feeling like the calm before the storm... Just wondering They finally published: Financial Services, Department of 7 / Regulation of the Conduct of Virtual Currency Businesses (A) http://docs.dos.ny.gov/info/register/2015/june24/toc.html |
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JimboToronto
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Activity: 3990
Merit: 4460
You're never too old to think young.
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June 24, 2015, 03:31:42 PM |
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Good morning Bitcoinland.
5 days now going sideways in the $240s. Same slanted bidwall as last week.
Summer doldrums or the calm before the storm?
Hmmmm.
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emelac
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June 24, 2015, 03:43:43 PM |
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Good morning Bitcoinland.
5 days now going sideways in the $240s. Same slanted bidwall as last week.
Summer doldrums or the calm before the storm?
Hmmmm.
It could have been the calm before the storm, there was a 3k dump into that wall on finex that dumped the price down to a low of 239. That 22k wall's now gone down to 18k. A thousand Bitcoins in that sell wall must have been fake because they got pulled after someone started dumping. |
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cyclotronmajesty
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June 24, 2015, 03:45:11 PM |
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There it goes... ~286 bitcoin sale on bitfinex... goes up again... now disappears.
If those guys really wanted to sell them at that price the sale wouldn't be visible.
What are you trying to tell us? Fake walls exist since Bitcoin is traded on exchanges and 286 Coins is not even considered a wall.... Why do you care? Nervous holding coins? I'd prefer the price goes up while I have coins. This decline I think it's it's all btc-e's fault. Everyone else was buying except BTC-e. Now it broke 240. |
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Sitarow
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Activity: 1792
Merit: 1047
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June 24, 2015, 03:49:13 PM |
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aztecminer
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Activity: 1092
Merit: 1000
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June 24, 2015, 03:54:39 PM |
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i might have to buy some coins this summer before everything starts to go crazy later this year or next year.
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bananaControl
Sr. Member
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Activity: 322
Merit: 250
Decentralize All The Things!
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June 24, 2015, 03:56:09 PM |
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i might have to buy some coins this summer before everything starts to go crazy later this year or next year.
Or the year after, or perhaps in a decade or maybe two. |
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ChartBuddy
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June 24, 2015, 03:57:10 PM |
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