giggidy23
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July 03, 2016, 01:02:57 PM |
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TL;DR Bitcoin Uncensored hosts face legal action over Perianne Boring interview. Slow news day.  Bitcoin enthusiasts stick it to The Man by alienating Big Business and needlessly making another enemy. More at 11. |
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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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BlindMayorBitcorn
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July 03, 2016, 01:09:11 PM |
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TL;DR Bitcoin Uncensored hosts face legal action over Perianne Boring interview. Slow news day. Bitcoin enthusiasts stick it to The Man by needlessly making another enemy. More at 11.  |
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Spaceman_Spiff
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₪``Campaign Manager´´₪
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July 03, 2016, 02:28:45 PM |
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Didn't realize he's still posting (not so much in here anymore though). Always felt he was wrong on a number of things in here, stubbornly so unfortunately, but still added the occasional insight, and quite some rigor when it came to modeling (DAE dino graphs?). Agreed. It's funny though, that somebody who is the opposite of bitcoin's economical values target audience, and is "extremely sceptical" of it, is arguing to make it into something more of his liking. Such hubris, much faceplant... |
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ImI
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July 03, 2016, 03:09:56 PM |
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whoo nice drop
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giggidy23
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July 03, 2016, 03:10:29 PM |
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Didn't realize he's still posting (not so much in here anymore though). Always felt he was wrong on a number of things in here, stubbornly so unfortunately, but still added the occasional insight, and quite some rigor when it came to modeling (DAE dino graphs?). Agreed. It's funny though, that somebody who is the opposite of bitcoin's economical values target audience, and is "extremely sceptical" of it, is arguing to make it into something more of his liking. Such hubris, much faceplant... >somebody who is the opposite of bitcoin's economical values target audience What's "bitcoin's economical values target audience"? For that matter, what's "economical values"? Did you mean "economical" as "like economic, but makes people giggle"? (Think using "tragical" in place of "tragic," e.g. "Bitcoin's tankening to $650 a few minutes ago was quite tragical.") https://s32.postimg.org/6bmxut2yd/Capture.jpg |
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JayJuanGee
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Activity: 3710
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Self-Custody is a right. Say no to"Non-custodial"
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July 03, 2016, 03:18:38 PM |
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Crosspost. Because explains our current price predicament  Doesn't explain shit. The article is a miss-mash of bullshit piled upon bullshit, and even likely purposefully misaligned connections in terms of timelines, causative effects and creating incorrect associations. The current price correction likely does not have anything to do with any of the items stated in the article, and bitcoin was likely due for a correction, since the price had shot up from $630 to $705 in the past few days. |
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Spaceman_Spiff
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₪``Campaign Manager´´₪
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July 03, 2016, 03:21:46 PM |
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Didn't realize he's still posting (not so much in here anymore though). Always felt he was wrong on a number of things in here, stubbornly so unfortunately, but still added the occasional insight, and quite some rigor when it came to modeling (DAE dino graphs?). Agreed. It's funny though, that somebody who is the opposite of bitcoin's economical values target audience, and is "extremely sceptical" of it, is arguing to make it into something more of his liking. Such hubris, much faceplant... >somebody who is the opposite of bitcoin's economical values target audience What's "bitcoin's economical values target audience"? For that matter, what's "economical values"? Did you mean "economical" as "like economic, but makes people giggle"? (Think using "tragical" in place of "tragic," e.g. "Bitcoin's tankening to $650 a few minutes ago was quite tragical.") Roughly put, I would say that it is people who like dislike inflationary money. Of course there are other properties of bitcoin that some people might value, but I believe the 21M is the crux. Please spare me the technical "but bitcoin will be inflationary x more years" nitpicking. As far as economical goes, not everybody lives in an English-speaking country Lambsie, but good for you that you can still giggle about something like that. |
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JimboToronto
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Activity: 4004
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You're never too old to think young.
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July 03, 2016, 03:25:02 PM |
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Good morning Bitcoinland. I see we had the predictable retrace/profit-taking after breaking $700 again, but it's a little surprising how deep it went. It's all the way back to where it was 3 days ago.  Not deep enough to buy though, but I'll keep an eye on it while I'm at the ballpark. |
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ImI
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Activity: 1946
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July 03, 2016, 03:27:32 PM |
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watching the okcoin liquidation it seems to be some kind of "long squeeze"
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julian071
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July 03, 2016, 03:39:33 PM |
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watching the okcoin liquidation it seems to be some kind of "long squeeze"
Well they're squeezig my long quite efficiently. |
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giggidy23
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July 03, 2016, 03:46:09 PM |
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Didn't realize he's still posting (not so much in here anymore though). Always felt he was wrong on a number of things in here, stubbornly so unfortunately, but still added the occasional insight, and quite some rigor when it came to modeling (DAE dino graphs?). Agreed. It's funny though, that somebody who is the opposite of bitcoin's economical values target audience, and is "extremely sceptical" of it, is arguing to make it into something more of his liking. Such hubris, much faceplant... >somebody who is the opposite of bitcoin's economical values target audience What's "bitcoin's economical values target audience"? For that matter, what's "economical values"? Did you mean "economical" as "like economic, but makes people giggle"? (Think using "tragical" in place of "tragic," e.g. "Bitcoin's tankening to $650 a few minutes ago was quite tragical.") Roughly put, I would say that it is people who like dislike inflationary money. Of course there are other properties of bitcoin that some people might value, but I believe the 21M is the crux. Please spare me the technical "but bitcoin will be inflationary x more years" nitpicking. As far as economical goes, not everybody lives in an English-speaking country Lambsie, but good for you that you can still giggle about something like that. >Roughly put, I would say that it is people who like dislike inflationary money. So people who don't have a clue about economics, or why the world economy works exclusively on fiat currencies? >there are other properties of bitcoin that some people might value, but I believe the 21M is the crux. Feel free to invest in BBQ coin. Or Beanies, for that matter. The value of both depends on artificial scarcity. >not everybody lives in an English-speaking country Sure. And that's why I see it as my noblesse oblige to educate the underprivileged. P.S. New low hit as I type. How tragical |
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DeathAngel
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#1 VIP Crypto Casino
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July 03, 2016, 03:50:36 PM |
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Good morning Bitcoinland. I see we had the predictable retrace/profit-taking after breaking $700 again, but it's a little surprising how deep it went. It's all the way back to where it was 3 days ago. Not deep enough to buy though, but I'll keep an eye on it while I'm at the ballpark. Sigh! I guess this is all small profit takers. We have to wait to see real money & real profits. Keep HODLING. |
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giggidy23
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July 03, 2016, 03:56:38 PM |
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Crosspost. Because explains our current price predicament Doesn't explain shit. The article is a miss-mash of bullshit piled upon bullshit, and even likely purposefully misaligned connections in terms of timelines, causative effects and creating incorrect associations. The current price correction likely does not have anything to do with any of the items stated in the article, and bitcoin was likely due for a correction, since the price had shot up from $630 to $705 in the past few days. Looks like it's shooting back down |
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dumbfbrankings
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July 03, 2016, 04:05:04 PM |
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Good morning Bitcoinland. I see we had the predictable retrace/profit-taking after breaking $700 again, but it's a little surprising how deep it went. It's all the way back to where it was 3 days ago. Not deep enough to buy though, but I'll keep an eye on it while I'm at the ballpark. Sigh! I guess this is all small profit takers. We have to wait to see real money & real profits. Keep HODLING.Oh, don't you worry about that sonny boy... Besides, can you imagine how long it would take Jimbo to cash out 300 BTC worth of loonies from that silly little ATM? |
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PorkUsher
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July 03, 2016, 04:49:51 PM |
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Gentlemen, it's starting to look like there's no bottom.
If any of you still have the strength to hodl, hodl me. Please. 650 just broke and I'm scairt.
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Bavaria
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July 03, 2016, 04:55:49 PM |
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Gentlemen, it's starting to look like there's no bottom.
If any of you still have the strength to hodl, hodl me. Please. 650 just broke and I'm scairt.
650 is already broken and we are going further down. I think we will stop somewhere 600-630. |
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sniveling
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July 03, 2016, 04:58:05 PM |
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Good morning Bitcoinland.
I see we had the predictable retrace/profit-taking after breaking $700 again, but it's a little surprising how deep it went. It's all the way back to where it was 3 days ago.
Seven days ago it was at $616 and there was panic it was going below $600. A month ago it was at $555 and there was panic it was going below $500. Gaining $100 in a week is more bullish than a retrace back to $644. Anything above $500 is bullish because it's only a little over a month ago that the price went above $500 for the second time since September 2014. |
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giggidy23
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July 03, 2016, 05:02:38 PM |
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Anything above $500 is bullish because it's only a little over a month ago that the price went above $500 for the second time since September 2014.
Exactly! We're probably going into 500s, but I'm OK with that  |
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JayJuanGee
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Activity: 3710
Merit: 10210
Self-Custody is a right. Say no to"Non-custodial"
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July 03, 2016, 05:04:01 PM |
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Crosspost. Because explains our current price predicament Doesn't explain shit. The article is a miss-mash of bullshit piled upon bullshit, and even likely purposefully misaligned connections in terms of timelines, causative effects and creating incorrect associations. The current price correction likely does not have anything to do with any of the items stated in the article, and bitcoin was likely due for a correction, since the price had shot up from $630 to $705 in the past few days. Looks like it's shooting back down Yes, if several of us have been following bitcoin for a while, shooting up and shooting down is part of the price finding dynamics in bitcoin. If we are talking about longer term prospects, rather than shorter term corrections, start worrying if the price goes below $400 and especially if it stays below $400 for any significant period of time.. If this current correction is more substantial, then it is going to challenge $608, but I have my doubts that it is going to be successful in getting below $608; however, nothing should completely surprise us in bitcoin because the market cap continues to be relatively small and the price can be pushed up or down with a relatively small amount of capital. |
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giggidy23
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July 03, 2016, 05:09:52 PM |
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start worrying if the price goes below $400 and especially if it stays below $400 for any significant period of time..
Anything above $500 is bullish because it's only a little over a month ago that the price went above $500 for the second time since September 2014.
Exactly! We're probably going into 500s, but I'm OK with that You gentlemen completely restored my confidence; now I'm not worried at all |
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