PoolMinor
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XXXVII Fnord is toast without bread
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November 08, 2014, 05:21:18 AM |
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JimboToronto
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You're never too old to think young.
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November 08, 2014, 05:21:29 AM |
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What happened to the benevolent reptilians
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ChartBuddy
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Activity: 2282
Merit: 1800
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 08, 2014, 06:00:21 AM |
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simmo77
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November 08, 2014, 06:50:49 AM |
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ChartBuddy
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Activity: 2282
Merit: 1800
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 08, 2014, 07:00:21 AM |
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ChartBuddy
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Activity: 2282
Merit: 1800
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 08, 2014, 08:00:21 AM |
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ChartBuddy
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Activity: 2282
Merit: 1800
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 08, 2014, 09:00:20 AM |
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cbeast
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Activity: 1736
Merit: 1010
Let's talk governance, lipstick, and pigs.
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November 08, 2014, 09:24:42 AM |
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it's amazing, literally amazing how all these bear trolls got in under $10 and sold off at over $1000 they all have perfect timing. Not a single one missed the boat, or is bitter about it, they all "got lucky" then turned bearish. Apart from the mathematically challenged mathematician of course, he never got on board because he knew all along that he'd double his ripple daily until he had $100 billion ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs27.postimg.org%2Fx9w3acln7%2Fdrevil.jpg&t=665&c=woQnjUxsJp9QIg) Those who were greedy waiting for their delusional 100k/coin prices got screwed or missed out on some awesome profit. The signs were there that the market could turn at any time, so those who took profit on the way up made out, and those that didn't, didn't. I remember there being a guy on here who bragged about his strategy of buying at the all-time high and it being fine because it's made him money up to this point. The idea being that every time it hits the ATH it breaks it. Clearly this couldn't go on forever, but in this person's mind it could. When people start acting like that, it's time for smart holders to be very nervous. That's exactly what people said about $33 and $266 and will say again at $xxxx
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cheekychap
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November 08, 2014, 09:27:24 AM |
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It has been strong the stable the last 2 days . Lets see what the week brings in.
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octaft
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November 08, 2014, 09:39:56 AM |
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it's amazing, literally amazing how all these bear trolls got in under $10 and sold off at over $1000 they all have perfect timing. Not a single one missed the boat, or is bitter about it, they all "got lucky" then turned bearish. Apart from the mathematically challenged mathematician of course, he never got on board because he knew all along that he'd double his ripple daily until he had $100 billion ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs27.postimg.org%2Fx9w3acln7%2Fdrevil.jpg&t=665&c=woQnjUxsJp9QIg) Those who were greedy waiting for their delusional 100k/coin prices got screwed or missed out on some awesome profit. The signs were there that the market could turn at any time, so those who took profit on the way up made out, and those that didn't, didn't. I remember there being a guy on here who bragged about his strategy of buying at the all-time high and it being fine because it's made him money up to this point. The idea being that every time it hits the ATH it breaks it. Clearly this couldn't go on forever, but in this person's mind it could. When people start acting like that, it's time for smart holders to be very nervous. That's exactly what people said about $33 and $266 and will say again at $xxxx Yeah, and those people made out like a bandit when they rebought at $6 and $100, and if we're ever at $xxxx (I say "if," not "when," because I don't know about you, but I'm not a psychic), the same people bragging about buying at ATH will come out of the woodworks, start shouting the same thing about 100k coins, and then holders should be worried again.
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ChartBuddy
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Activity: 2282
Merit: 1800
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 08, 2014, 10:00:21 AM |
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MrPiggles
Sr. Member
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Offline
Activity: 980
Merit: 256
Decentralized Ascending Auctions on Blockchain
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November 08, 2014, 10:09:36 AM |
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I remember there being a guy on here who bragged about his strategy of buying at the all-time high and it being fine because it's made him money up to this point. The idea being that every time it hits the ATH it breaks it. Clearly this couldn't go on forever, but in this person's mind it could. When people start acting like that, it's time for smart holders to be very nervous.
i was being sarcastic abut how many of the trolls claim to have got lucky and made a fortune off bitcoin. they all timed it perfectly apparently, not one of the trolls on here will admit to missing out on any money.
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JorgeStolfi
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November 08, 2014, 10:11:27 AM |
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It was a perfect storm of carelessness to be sure.
Indeed, the following information ought to be widely known: SECURITY PRIMER FOR DRUG SITE OPERATORS* Never use your real life name for any purpose related to your site. * Choose a secure moniker: 10 or more characters, including at least two digits and a spelling error, e.g. "PyrateAt17". * Keep a low web profile: gray background, 8 pt fonts max, no flashy images. * Paint your server with camouflage pattern. * Be sure to wear the Guy Fawkes mask and hat whenever you log into your server. * Always use a condom when plugging the internet cable into your computer. * To receive payments from customers, never use blockchain addresses generated in your own country. When needed, take a weekend trip to Mexico (or, better, North Korea) and generate a few thousand addresses there. (If you can't travel, find someone in those places who is willing to do that for you and send you the address-key pairs by email.) * To protect your coins and records from being seized, spell all file names in your laptop backawards, e.g. "tad.tellaw". * Post an "EXIT" sign on your front door. That may give you a few precious extra minutes in case of a raid. * If a customer insists on picking up the merchandise in person, before giving him your location make him swear that he is not from the FBI.
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MrPiggles
Sr. Member
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Offline
Activity: 980
Merit: 256
Decentralized Ascending Auctions on Blockchain
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November 08, 2014, 10:15:28 AM |
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It was a perfect storm of carelessness to be sure.
Indeed, the following information ought to be widely known: SECURITY PRIMER FOR DRUG SITE OPERATORS* Never use your real life name for any purpose related to your site. * Choose a secure moniker: 10 or more characters, including at least two digits and a spelling error, e.g. "PyrateAt17". * Keep a low web profile: gray background, 8 pt fonts max, no flashy images. * Paint your server with camouflage pattern. * Be sure to wear the Guy Fawkes mask and hat whenever you log into your server. * Always use a condom when plugging the internet cable into your computer. * To receive payments from customers, never use blockchain addresses generated in your own country. When needed, take a weekend trip to Mexico (or, better, North Korea) and generate a few thousand addresses there. (If you can't travel, find someone in those places who is willing to do that for you and send you the address-key pairs by email.) * To protect your coins and records from being seized, spell all file names in your laptop backawards, e.g. "tad.tellaw". * Post an "EXIT" sign on your front door. That may give you a few precious extra minutes in case of a raid. * If a customer insists on picking up the merchandise in person, before giving him your location make him swear that he is not from the FBI. I know you're joking but the sad thing is both DPR and Defcon wouldn't be in jail if they'd followed this
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oda.krell
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Merit: 1007
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November 08, 2014, 10:21:15 AM |
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Re: darknet market places, and anonymity vs. security. Here's a comment I thought was pretty much spot on, on the usage of Tor (from r/bitcoin). Bolded part for emphasis: The problem is that 95% of people who use Tor are using it for the wrong reason or have a total misconception of what it's for.
It provides no security. It doesn't provide real anonymity. The ONLY thing it does is mask your source IP address, that's it. The trade-off is that you're routing your traffic through a known hostile network.
If your traffic isn't 100% encrypted, you are fucked. If you don't pay attention to certificate warnings, you are fucked. If the site you're connecting to is compromised, you are fucked. If your browser has any security vulnerabilities, you are fucked. Tor doesn't add security, it removes security and adds a tiny bit of anonymity.
It's a huge problem that people get a false sense of security from using Tor. How may people are going to end up in prison over the recent darknet busts when they thought Tor was keeping them safe?
Tor doesn't need compromised to be dangerous, it already is dangerous even if it works 100% as advertised and has no vulnerabilities. A false sense of security means there are plenty of other weak links in the chain that governments/criminals can exploit to target Tor users.
I maybe don't completely agree with his conclusion (essentially, that it causes more damage than it does good because it provides a false sense of security - similar to a recurring argument about antivirus software), but he is right in pointing that a lot of users are under a false impression what the Tor network does and what it doesn't do.
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octaft
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November 08, 2014, 10:31:02 AM |
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I remember there being a guy on here who bragged about his strategy of buying at the all-time high and it being fine because it's made him money up to this point. The idea being that every time it hits the ATH it breaks it. Clearly this couldn't go on forever, but in this person's mind it could. When people start acting like that, it's time for smart holders to be very nervous.
i was being sarcastic abut how many of the trolls claim to have got lucky and made a fortune off bitcoin. they all timed it perfectly apparently, not one of the trolls on here will admit to missing out on any money. Yes, I understand you were being sarcastic, but I'm not. The price cannot simply go up (or down) forever, and when 95% of people are bullish, there's a ton of green on the charts, and people start ranting about 100k/coin, that's a serious warning sign for anyone that is remaining objective. The reverse is true when the doomsayers come out of the woodworks screaming the end, and especially when some people who were seemingly permabulls during big rises start talking about shorting. Now, whether the permabears knew this, or are just bitter that they sold at whatever much lower price, I couldn't tell you, and I imagine it would be different for each individual. It's like, people are being mocked for buying at these prices, but in my opinion, anyone that was patient and waited to buy at these prices is doing it way more right than the guys who bought at 800+, even if it does turn out to be wrong.
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inca
Legendary
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Activity: 1176
Merit: 1000
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November 08, 2014, 10:37:57 AM |
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Yeah, and those people made out like a bandit when they rebought at $6 and $100, and if we're ever at $xxxx (I say "if," not "when," because I don't know about you, but I'm not a psychic), the same people bragging about buying at ATH will come out of the woodworks, start shouting the same thing about 100k coins, and then holders should be worried again.
The point is that most traders lose money. The forum is littered with people who sold early and wished they hadn't. There may be a very select few who have sold at near a peak and bought in much lower. It isn't the vast majority of the bearish posters on here who simply wish to buy at a low price. I would say buying at a third of the previous ATH is a decent entry.
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octaft
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November 08, 2014, 10:44:14 AM |
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Yeah, and those people made out like a bandit when they rebought at $6 and $100, and if we're ever at $xxxx (I say "if," not "when," because I don't know about you, but I'm not a psychic), the same people bragging about buying at ATH will come out of the woodworks, start shouting the same thing about 100k coins, and then holders should be worried again.
The point is that most traders lose money. The forum is littered with people who sold early and wished they hadn't. There may be a very select few who have sold at near a peak and bought in much lower. It isn't the vast majority of the bearish posters on here who simply wish to buy at a low price. I would say buying at a third of the previous ATH is a decent entry. Most traders lose money because most traders trade with emotion. If most traders lose money, shouldn't you be betting against most traders? During the last bubble, most traders were shouting "TO DA MOON," and when that happens during what has already been a huge run up, and the greed factor is at the absolute maximum, that's when you should start worrying. The forum is also littered with people who bought at 30 during the run up to 32 and are happy with their profit, when if they had shown a little patience and didn't let emotion get the best of them, they could have waited until even $15 (let alone $5 or even $2) and doubled (or more) their profits.
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bitebits
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Activity: 2236
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Flippin' burgers since 1163.
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November 08, 2014, 10:53:42 AM |
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Thanks! Interesting discussion (starts @17:43 minutes) with the dynamic block size, bassed on the block size of the 100 or so previous blocks. Sounds like a more future proof and solid solution, it basically does the same as with the current dynamic difficulty adjustment.
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