criptix
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Activity: 2464
Merit: 1145
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June 27, 2015, 01:14:19 PM |
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 why are the stupid greeks standing in line to take their euros and not bitcoin? This is why.  They better keep euros and stay away from 85% dropped scamcoin. Some money is better then no money  |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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JorgeStolfi
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June 27, 2015, 01:15:31 PM |
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I still don't get why we call "how many USD per BTC" BTC/USD and "How many BTC per USD" USD/BTC.
Price of bitcoin now = 245 USD/BTC. But 245 = (value of 1 BTC)/(value of 1 USD), or 245 = BTC/USD for lazy typists. |
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JorgeStolfi
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June 27, 2015, 01:21:33 PM |
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From Nathaniel Popper's book: > "Not long after that, Gates made his first public comments praising at least some of the concepts behind Bitcoin, if not the anonymity." Here is what Bill Gates wrote in Jan/2015> "Bitcoin is an exciting new technology. For our Foundation work we are doing digital currency to help the poor get banking services. We don't use bitcoin specifically for two reasons. One is that the poor shouldn't have a currency whose value goes up and down a lot compared to their local currency. Second is that if a mistake is made in who you pay then you need to be able to reverse it so anonymity wouldn't work." So, bitcoiners need only make sure that the price of bitcoin will remain at 245 forever, abolish anonymity, and make transactions reversible. Then Bill Gates will sure have thrird thoughts. |
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tarmi
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Activity: 1218
Merit: 1010
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June 27, 2015, 01:21:51 PM |
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why are the stupid greeks standing in line to take their euros and not bitcoin?
Cuz if they already had bitcoin, they wouldn't have to wait in line to grovel and beg for "the bank" to allow them the privilege of access to their own money?   |
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Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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June 27, 2015, 01:26:02 PM |
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why are the stupid greeks standing in line to take their euros and not bitcoin?
Cuz if they already had bitcoin, they wouldn't have to wait in line to grovel and beg for "the bank" to allow them the privilege of access to their own money? If it weren't for the fact that you're so good at it, I would really hate you for being such an asshole. |
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Omikifuse
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Activity: 1750
Merit: 1009
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June 27, 2015, 01:37:54 PM |
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why are the stupid greeks standing in line to take their euros and not bitcoin? Since I believe that even in Greece there are more than a computer in each city, I think there is no need because everything is done online |
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shmadz
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Activity: 1512
Merit: 1000
@theshmadz
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June 27, 2015, 01:42:37 PM |
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why are the stupid greeks standing in line to take their euros and not bitcoin?
Cuz if they already had bitcoin, they wouldn't have to wait in line to grovel and beg for "the bank" to allow them the privilege of access to their own money? Kudos for the lulz, I guess some bitcoiners are stupid enough to use "banks" as well... I'm looking at you coinbase and circle users |
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tarmi
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Activity: 1218
Merit: 1010
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June 27, 2015, 01:43:59 PM |
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This is why.
They better keep euros and stay away from 85% dropped scamcoin.
that graph is the bitcoiners version of "privatizing profits and socializing losses". |
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Norway
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June 27, 2015, 01:56:25 PM |
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I still don't get why we call "how many USD per BTC" BTC/USD and "How many BTC per USD" USD/BTC.
Price of bitcoin now = 245 USD/BTC. But 245 = (value of 1 BTC)/(value of 1 USD), or 245 = BTC/USD for lazy typists. I would like to buy 245 BTC for 1 USD from you, sir. If you believe inverse notation is equal to the original notation, you should not teach. Do you write miles per hour as hpm? h/mi? |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 27, 2015, 01:57:01 PM |
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inca
Legendary
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Activity: 1176
Merit: 1000
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June 27, 2015, 01:58:55 PM |
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This is why.
They better keep euros and stay away from 85% dropped scamcoin.
that graph is the bitcoiners version of "privatizing profits and socializing losses". One day you'll show us your amazing history of short trades! Until then you keep taking our money by shorting a rising market.. |
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LFC_Bitcoin
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Activity: 3528
Merit: 9556
#1 VIP Crypto Casino
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June 27, 2015, 02:20:07 PM |
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Small move upwards I see, hope it doesn't stop here. Any chance of sneaking up to 250 over the weekend? Must be because it's pay weekend (in the UK at least). Great chance to buy some cheap coins people, don't miss the train, it only stops once  |
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Dump3er
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June 27, 2015, 02:42:06 PM |
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Until then you keep taking our money by shorting a rising market..
Muhammad, is it you? Are you invested in bitcoin now?   |
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inca
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Activity: 1176
Merit: 1000
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June 27, 2015, 02:43:48 PM |
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Until then you keep taking our money by shorting a rising market..
Muhammad, is it you? Are you invested in bitcoin now? Keep shorting, double digits around the corner! |
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Sitarow
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Activity: 1792
Merit: 1047
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June 27, 2015, 02:45:03 PM |
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Does this look familiar to anyone? All charts today. June 27, 2015    Been going since the LTC rise. LTC/USD Target Price Low $2.80 - High $3.00 Market exuberance pushed the pendulum between $2.60 - $3.20. LTC/BTC Target Price Low 0.0118 - High 0.012 Market exuberance pushed the pendulum between 0.0110 - 0.0125. BTC/USD Target Price Low $240 - High $250 Market exuberance pushed the pendulum between $240 - $255. We have fewer who may be participating in the BTC market vs LTC. Leaving those who can influence the LTC/USD LTC/BTC price free reign. How long until we have a repeat from earlier this year... LTC/BTC down - BTC/USD up. |
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Dilla
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June 27, 2015, 02:47:54 PM |
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A nice inverse head a shoulder formation fromed in the last 3 months? If we can pass $260, up to $300 we go!  |
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Dump3er
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June 27, 2015, 02:52:10 PM |
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Until then you keep taking our money by shorting a rising market..
Muhammad, is it you? Are you invested in bitcoin now? Keep shorting, double digits around the corner! I’m long, baby, since weeks. It always hurts to be on the same side as the cheerleaders, but as long as it results in money I ignore the pain. |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 27, 2015, 02:57:05 PM |
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klee
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Activity: 1498
Merit: 1000
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June 27, 2015, 02:57:33 PM |
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This gonna hurt some bear asses
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tarmi
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Activity: 1218
Merit: 1010
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June 27, 2015, 03:02:09 PM |
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yeap, worst time to close shorts, time to open new one soon.
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