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valta4065
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January 29, 2017, 12:07:34 PM |
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Year of the rooster, not chicken Indeed. There is a cock of difference. I wouldn't have the balls to confuse the two.
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bitebits
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Activity: 2245
Merit: 3541
Flippin' burgers since 1163.
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January 29, 2017, 12:30:21 PM |
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Which of the below you think is more true?
1. When the price is kept just above $900 you fear it will drop into the 800's. 2. When the price is kept into the high $800's you fear it will go into the 900's.
I think the first over the second. This could be a little whale psychology: whale(s) accumulating vs. whale(s) exiting.
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0xfff
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January 29, 2017, 12:55:06 PM |
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Which of the below you think is more true?
1. When the price is kept just above $900 you fear it will drop into the 800's. 2. When the price is kept into the high $800's you fear it will go into the 900's.
I think the first over the second. This could be a little whale psychology: whale(s) accumulating vs. whale(s) exiting.
When price is > 650 I fear it will crash When price is < 600 I buy buy buy Very simple. I think btc isn't worth $800 or even $900. I do like seeing moon rocket though. Good fun
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European Central Bank
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Activity: 1288
Merit: 1087
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January 29, 2017, 12:58:19 PM |
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600 is just as arbitrary a figure as 900. it's worth whatever anyone's willing to sell for and someone else is willing to buy. the price is 95% hot air anyway.
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bitebits
Legendary
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Activity: 2245
Merit: 3541
Flippin' burgers since 1163.
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January 29, 2017, 01:04:39 PM |
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Which of the below you think is more true?
1. When the price is kept just above $900 you fear it will drop into the 800's. 2. When the price is kept into the high $800's you fear it will go into the 900's.
I think the first over the second. This could be a little whale psychology: whale(s) accumulating vs. whale(s) exiting.
When price is > 650 I fear it will crash When price is < 600 I buy buy buy Very simple. I think btc isn't worth $800 or even $900. I do like seeing moon rocket though. Good fun I consider your gut feeling as well falls under point 1: you are more bearish when the price is in the $900's than in the $800's. Good.
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valta4065
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January 29, 2017, 01:29:17 PM |
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600 is just as arbitrary a figure as 900. it's worth whatever anyone's willing to sell for and someone else is willing to buy. the price is 95% hot air anyway.
Agreed here. It's true for pretty much anything but it's REALLY TRUE for bitcoin. Material things have a clear and defined utility. There is some kind of internal values for objects. But btc? It's just... An idea. It worth nothing more than what people are willing to pay for this idea.
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gembitz
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January 29, 2017, 01:33:58 PM |
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600 is just as arbitrary a figure as 900. it's worth whatever anyone's willing to sell for and someone else is willing to buy. the price is 95% hot air anyway.
Agreed here. It's true for pretty much anything but it's REALLY TRUE for bitcoin. Material things have a clear and defined utility. There is some kind of internal values for objects. But btc? It's just... An idea. It worth nothing more than what people are willing to pay for this idea. ^a REVOLUTIONARY IDEA that will change the world !! *be blessed*
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conspirosphere.tk
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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January 29, 2017, 01:40:23 PM |
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But btc? It's just... An idea. It worth nothing more than what people are willing to pay for this idea.
What could be worth the only thing in the universe that the state cannot take from you?
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gembitz
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January 29, 2017, 02:35:01 PM |
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But btc? It's just... An idea. It worth nothing more than what people are willing to pay for this idea.
What could be worth the only thing in the universe that the state cannot take from you? ^watch i think there is going to be a major shakeup of bitcoin this year! *satoshi designed this to be a currency OF THE PEOPLE >>FOR THE PEOPLE. ==> the haters who are now trying to control bitcoin i'm going to laugh at so hard! :-D
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DARKHOLDER
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January 29, 2017, 04:28:36 PM |
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But btc? It's just... An idea. It worth nothing more than what people are willing to pay for this idea.
What could be worth the only thing in the universe that the state cannot take from you? ^watch i think there is going to be a major shakeup of bitcoin this year! *satoshi designed this to be a currency OF THE PEOPLE >>FOR THE PEOPLE. ==> the haters who are now trying to control bitcoin i'm going to laugh at so hard! :-D For my dying hope to 700$ btc!!! Listening https://youtu.be/5RDOny0efzU
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JimboToronto
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Activity: 4158
Merit: 4811
You're never too old to think young.
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January 29, 2017, 05:01:43 PM |
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Good morning and Gong Xi Fa Cai Bitcoinland, or as they say in Hong Kong and most of Toronto, Gong Hei Fat Choy. No little red envelopes for us Bitcoiners today so far... still going sideways at $923USD (Bitcoinaverage). Maybe the year of the Cock will be even luckier than the year of the Monkey.
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gembitz
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January 29, 2017, 05:48:56 PM |
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Good morning and Gong Xi Fa Cai Bitcoinland, or as they say in Hong Kong and most of Toronto, Gong Hei Fat Choy. No little red envelopes for us Bitcoiners today so far... still going sideways at $923USD (Bitcoinaverage). Maybe the year of the Cock will be even luckier than the year of the Monkey. ^Bitcoin heading up! ** whereas it's beginning to spark a paradigm shift !!
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r0ach
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Activity: 1260
Merit: 1000
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January 29, 2017, 05:56:16 PM |
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What could be worth the only thing in the universe that the state cannot take from you?
If the state has the power to take everything from you, I'm not sure how useful a bitcoin brain wallet is gonna be while you're hammering rocks in the gulag.
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Holliday
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Activity: 1120
Merit: 1012
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January 29, 2017, 06:19:01 PM |
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What could be worth the only thing in the universe that the state cannot take from you?
If the state has the power to take everything from you, I'm not sure how useful a bitcoin brain wallet is gonna be while you're hammering rocks in the gulag. The thing that came to my mind immediately is that your family can use that money while you are imprisoned. (On a side note, there are far better methods than a brain wallet to protect your coins from seizure. In fact, most people would break and give up the brain wallet quite easily.) But anyway, it's really great how you take one of the best properties of Bitcoin and make it look bad in that statement. Like, we should all just give up and embrace the chains...
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HI-TEC99
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Activity: 2772
Merit: 2846
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January 29, 2017, 06:27:24 PM |
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What could be worth the only thing in the universe that the state cannot take from you?
If the state has the power to take everything from you, I'm not sure how useful a bitcoin brain wallet is gonna be while you're hammering rocks in the gulag. The thing that came to my mind immediately is that your family can use that money while you are imprisoned. (On a side note, there are far better methods than a brain wallet to protect your coins from seizure. What methods?
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Holliday
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Activity: 1120
Merit: 1012
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January 29, 2017, 06:38:04 PM |
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What could be worth the only thing in the universe that the state cannot take from you?
If the state has the power to take everything from you, I'm not sure how useful a bitcoin brain wallet is gonna be while you're hammering rocks in the gulag. The thing that came to my mind immediately is that your family can use that money while you are imprisoned. (On a side note, there are far better methods than a brain wallet to protect your coins from seizure. What methods? The most obvious, some version of: https://en.wikipedia.org/wiki/Shamir%27s_Secret_SharingUsing that in a certain way, I could limit my own access while providing access to someone I trust completely (immediate family). That way, my money can not be tortured from me, and my family can continue to use those funds to live, provide me with an attorney, flee, etc. when I am imprisoned.
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conspirosphere.tk
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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January 29, 2017, 06:44:17 PM |
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If the state has the power to take everything from you, I'm not sure how useful a bitcoin brain wallet is gonna be while you're hammering rocks in the gulag.
to buy anything in the gulag's black market? Maybe a ticket to the outside too.
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HI-TEC99
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Activity: 2772
Merit: 2846
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January 29, 2017, 06:45:38 PM |
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What could be worth the only thing in the universe that the state cannot take from you?
If the state has the power to take everything from you, I'm not sure how useful a bitcoin brain wallet is gonna be while you're hammering rocks in the gulag. The thing that came to my mind immediately is that your family can use that money while you are imprisoned. (On a side note, there are far better methods than a brain wallet to protect your coins from seizure. What methods? The most obvious, some version of: https://en.wikipedia.org/wiki/Shamir%27s_Secret_SharingUsing that in a certain way, I could limit my own access while providing access to someone I trust completely (immediate family). That way, my money can not be tortured from me, and my family can continue to use those funds to live, provide me with an attorney, flee, etc. when I am imprisoned. Yes, unless enough other members of your family get imprisoned to reveal the private key. If hammering rocks in the gulag/torture is enough to make you reveal a private key, it's probably also enough to make you reveal which members of your family hold a shared secret.
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lightfoot
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Activity: 3164
Merit: 2258
I fix broken miners. And make holes in teeth :-)
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January 29, 2017, 07:00:49 PM |
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Yes, unless enough other members of your family get imprisoned to reveal the private key. If hammering rocks in the gulag/torture is enough to make you reveal a private key, it's probably also enough to make you reveal which members of your family hold a shared secret.
Likewise if they are torturing you for information and you don't have it but they think you do then you will be in for what one could call a "really long night". Better to use steg and a variation of rubber hose to double encrypt keys to two wallets, one with some money to satisfy the torturers, the other with the real money. Of course torturers could torture everyone further to look for a "second key" but at some point they have to go home for dinner and a good game of Splatoon, so that's kind of self-limiting. C (BTDT)
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