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lemmyK
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February 17, 2016, 06:47:11 PM |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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BlindMayorBitcorn
Legendary
 Offline
Activity: 1260
Merit: 1115
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February 17, 2016, 06:50:25 PM |
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It's going back up! Come on, Adam. It's only four bucks.
na i gata go to bed if i bet 4$ i will stay up, and my girl will be sad, and thats just no good for me. but hey $4 says >412.5 by morning, take it or leave it. you've made $2 so far, why not bet $4 i really gtg, let's make a few more bets on some 2hr candles or somthing tomorrow, it's fun! Why the hell not? You've been a good sport, so ok. deal. GOOOOOD morning  yeah, you won your two bucks back. Congratulations. We're even. ok now... 300$ says every single month price will be > then the previous month for the next 10 years. I'd take you up on that, but I don't want to have $300 tied up in escrow for ten years. My short is in eminent danger of getting rekt, so I'd have to pull it out of cold storage. If you're right, $10 worth of bitcoin today would more than cover it! I agree with you, it looks like the bear market is finally over, but there will be down months after the next bubble. I guess people figured out even a contended hard fork would not leave two chains for more than a day or two, tops. This blocksize issue is not going to go away, but remember in 2013 we all suspected Gox was insolvent, but it didn't stop the Great Bubble. Markets can stay irrational longer than you can stay solvent. Now I'm thinking fullblocalypse and the halving cancel each other out. Either way, they're both well known and likely priced in. Of course we'll have down months. Just after the halving for example ^^ nah, halving will be a boom, if anything. On the next reward halving hundreds of millions of dollars in obsolete mining hardware will be sold cheaply privately or online. This will open a window of vulnerability giving an attacker the possibility to buy a huge amount of hashing power for very little money and execute a 51% attack.  |
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xslugx
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February 17, 2016, 06:53:36 PM |
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nah, halving will be a boom, if anything.
So you think. And so EVERYONE thinks. Which means everyone is holding and buying for after the halving. Which means there will be a huge dump after the halving. Which means... Well I think you understood ^^ |
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arklan
Legendary
Offline
Activity: 1778
Merit: 1008
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February 17, 2016, 06:55:35 PM |
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nah, halving will be a boom, if anything.
So you think. And so EVERYONE thinks. Which means everyone is holding and buying for after the halving. Which means there will be a huge dump after the halving. Which means... Well I think you understood ^^ interesting thought. we'll see, i suppose. |
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blunderer
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February 17, 2016, 06:58:13 PM |
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... On the next reward halving hundreds of millions of dollars in obsolete mining hardware will be sold cheaply privately or online. This will open a window of vulnerability giving an attacker the possibility to buy a huge amount of hashing power for very little money and execute a 51% attack. Right, or simply a mega factory mine which hasn't bought into the latest generation gear & is stuck with hangars already built out & running. Unable to mine by the rules, so no longer invested in BTC, but able to form an axis of evol with other newly-obsoleted factory mines & wreak havoc  |
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mainpmf
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February 17, 2016, 06:59:55 PM |
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nah, halving will be a boom, if anything.
So you think. And so EVERYONE thinks. Which means everyone is holding and buying for after the halving. Which means there will be a huge dump after the halving. Which means... Well I think you understood ^^ interesting thought. we'll see, i suppose. Problem being that in fact you absolutely can't know because of all the parameters... I find the idea interesting but... Well it's all a bet I suppose. But in the end the price will rise that's for sure! |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 17, 2016, 07:00:57 PM |
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Warrior B
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February 17, 2016, 07:07:08 PM |
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420 Yeah |
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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February 17, 2016, 07:19:41 PM |
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... On the next reward halving hundreds of millions of dollars in obsolete mining hardware will be sold cheaply privately or online. This will open a window of vulnerability giving an attacker the possibility to buy a huge amount of hashing power for very little money and execute a 51% attack. Right, or simply a mega factory mine which hasn't bought into the latest generation gear & is stuck with hangars already built out & running. Unable to mine by the rules, so no longer invested in BTC, but able to form an axis of evol with other newly-obsoleted factory mines & wreak havoc This is a very strange experiment. |
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blunderer
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February 17, 2016, 07:24:45 PM |
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... On the next reward halving hundreds of millions of dollars in obsolete mining hardware will be sold cheaply privately or online. This will open a window of vulnerability giving an attacker the possibility to buy a huge amount of hashing power for very little money and execute a 51% attack. Right, or simply a mega factory mine which hasn't bought into the latest generation gear & is stuck with hangars already built out & running. Unable to mine by the rules, so no longer invested in BTC, but able to form an axis of evol with other newly-obsoleted factory mines & wreak havoc This is a very strange experiment.  |
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Chef Ramsay
Legendary
Offline
Activity: 1568
Merit: 1001
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February 17, 2016, 07:27:19 PM |
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Lol! Well I'm glad I hold everything, I'd just like to find somewhere to trade correctly... Anyone has a site? I don't really like kraken... Kraken is awesome! Well what do you find so awesome? No margin trade and leverage is only in EUR/BTC no? Maybe it changed but last time I went on it it was only that :/ Low fees, few documents required for reasonably high limits, they dont ask you where your money comes from (bitstamp!!!), fast processing time. I would never use margin in non-mature markets and with extreme caution in developed markets. Margin will kill you. Tarmi being a prime example of getting killed on margin. |
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Laosai
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February 17, 2016, 07:29:11 PM |
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... On the next reward halving hundreds of millions of dollars in obsolete mining hardware will be sold cheaply privately or online. This will open a window of vulnerability giving an attacker the possibility to buy a huge amount of hashing power for very little money and execute a 51% attack. Right, or simply a mega factory mine which hasn't bought into the latest generation gear & is stuck with hangars already built out & running. Unable to mine by the rules, so no longer invested in BTC, but able to form an axis of evol with other newly-obsoleted factory mines & wreak havoc This is a very strange experiment. But that could be the best opportunity for governments to take control of btc ^^ |
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bargainbin
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February 17, 2016, 07:37:58 PM |
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...
But that could be the best opportunity for governments to take control of btc ^^
Come on. "The governments" could offer to buy out the Chinese miners, how much more than a rounding error do you suppose that'd take? *taking into account how stable and profitable the mining industry is... |
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Morecoin Freeman
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February 17, 2016, 07:41:12 PM |
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Tarmi being a prime example of getting killed on margin.
Who's next? |
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ImI
Legendary
Offline
Activity: 1946
Merit: 1019
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February 17, 2016, 07:45:07 PM |
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Tarmi being a prime example of getting killed on margin.
good ol tarmi. i simply loved that fart.  |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 17, 2016, 08:00:56 PM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 17, 2016, 08:05:17 PM |
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WOOT, bears are powerless!
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aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
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February 17, 2016, 08:05:20 PM |
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It's going back up! Come on, Adam. It's only four bucks.
na i gata go to bed if i bet 4$ i will stay up, and my girl will be sad, and thats just no good for me. but hey $4 says >412.5 by morning, take it or leave it. you've made $2 so far, why not bet $4 i really gtg, let's make a few more bets on some 2hr candles or somthing tomorrow, it's fun! Why the hell not? You've been a good sport, so ok. deal. GOOOOOD morning yeah, you won your two bucks back. Congratulations. We're even. ok now... 300$ says every single month price will be > then the previous month for the next 10 years. I'd take you up on that, but I don't want to have $300 tied up in escrow for ten years. My short is in eminent danger of getting rekt, so I'd have to pull it out of cold storage. If you're right, $10 worth of bitcoin today would more than cover it! I agree with you, it looks like the bear market is finally over, but there will be down months after the next bubble. I guess people figured out even a contended hard fork would not leave two chains for more than a day or two, tops. This blocksize issue is not going to go away, but remember in 2013 we all suspected Gox was insolvent, but it didn't stop the Great Bubble. Markets can stay irrational longer than you can stay solvent. Now I'm thinking fullblocalypse and the halving cancel each other out. Either way, they're both well known and likely priced in. u really are short ?? no wonders this thing pumped. .. i disagree that halvening cancels out bitcoin that cant scale.. it aint gonna matter how many coins are mined... if this thing still cant scale after the halvening .. well it will only have been a YEAR and HALF of waiting. #ridiculousness #GimpedCoin |
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aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
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February 17, 2016, 08:06:56 PM |
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WOOT, bears are powerless!
a more true statement would be: "WOOT, bitcoins are paralyzed!" |
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