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Last of the V8s
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July 06, 2017, 01:02:05 PM |
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some recent USG misinfo using the quantum word to try and scare the wimmin an chilluns https://eprint.iacr.org/2017/351.pdf"... Our batch prime-generation algorithm suggests that, to help reduce energy consumption and protect the environment, all users of RSA—including users of traditional pre-quantum RSA—should delegate their key-generation computa- tions to NIST or another trusted third party. ..."
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Torque
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July 06, 2017, 02:27:26 PM Last edit: July 06, 2017, 03:13:44 PM by Torque |
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^aha that's brilliant thank you so much for your insights.
Elwar gave you the official story heard in the MSM and the rumor mill. The unofficial story is this -- In 2013, some very deep pocket insider whale pumpers were privy to two events about 6-12 months in advance: 1) That in November 2013 the U.S. Fed was going to give a soft thumbs up to Bitcoin being considered a "legal" commodity for purchase in the U.S. (because lets face it, they couldn't really ban it anyway) 2) That the FBI was going to move in on Mt. Gox and shut it down because they already knew the exchange was insolvent (likely because they either hacked it themselves or were tipped off to it being hacked) and that it had been for quite a while. At the time, Mt. Gox accounted for 80-85% of all Bitcoin trading activity. So what did these whale insiders do? They ran up the market as far as possible using leverage (and perhaps using the Willy Bot too), timing the top with event #1 above. The price peaked in late November 2013. Then they coordinated their massive bear raid short with the timing of a) Fake FUD "China Bans Bitcoin!" in December 2013, and then again with b) FBI shuts down Mt. Gox by cutting off their bank account access. Mt. Gox implodes in March 2014. Mark Karpeles arrested later on. The moral of the story is: Whale insiders don't just massively run up a thin market with leverage, unless they've got a way to also bring it down waiting in their back pocket....
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r0ach
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July 06, 2017, 03:21:51 PM |
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Last of the V8s
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July 06, 2017, 03:26:43 PM |
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oho thanks to you too The moral of the story is: Whale insiders don't just massively run up a thin market with leverage, unless they've got a way to also bring it down waiting in their back pocket....
I don't suppose you would give any names? ... (moving on) they didn't run up the 2017 market. Or am I getting that wrong?
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Torque
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July 06, 2017, 03:37:17 PM Last edit: July 06, 2017, 03:50:05 PM by Torque |
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I don't suppose you would give any names?
Haha, we'll never know ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ... (moving on) they didn't run up the 2017 market. Or am I getting that wrong?
I guess we'll have to see what their ultimate plan is on that one. It looks to me like maybe the alt coin market was their real target so far this year. I would say that the vast majority of the leverage is in the altcoin market, as their floats are so much thinner and prices started much lower. That's how they ran them up so high pricewise. But is Bitcoin in a bubble too? Well, if you pull back and look at the chart from about March 2017 onward... it would be hard to say that it isn't. The chart does sorta look like a bubble. But then you ask "OK then, so where's the crash?" We haven't seen that event yet, if there is even going to be one. Who knows. Maybe after SegWit we get the real crazy run up. Or "sell on the news." Again, who knows. One thing I'm fairly certain of, is that we aren't just going to go sideways from here forever. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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infofront (OP)
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July 06, 2017, 03:58:27 PM |
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I don't suppose you would give any names?
Haha, we'll never know ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ... (moving on) they didn't run up the 2017 market. Or am I getting that wrong?
I guess we'll have to see what their ultimate plan is on that one. It looks to me like maybe the alt coin market was their real target so far this year. I would say that the vast majority of the leverage is in the altcoin market, as their floats are so much thinner and prices started much lower. That's how they ran them up so high pricewise. But is Bitcoin in a bubble too? Well, if you pull back and look at the chart from about March 2017 onward... it would be hard to say that it isn't. The chart does sorta look like a bubble. But then you ask "OK then, so where's the crash?" We haven't seen that event yet, if there is even going to be one. Who knows. Maybe after SegWit we get the real crazy run up. Or "sell on the news." Again, who knows. One thing I'm fairly certain of, is that we aren't just going to go sideways from here forever. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I discount the "sell on the news" event because there hasn't been much "buying of the rumor".
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Torque
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July 06, 2017, 04:00:31 PM |
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I discount the "sell on the news" event because there hasn't been much "buying of the rumor".
But how do you know that this run up to August 1st scaling resolution is not "buying the rumor"?
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JimboToronto
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July 06, 2017, 04:07:32 PM |
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Good AM Bitcoinland. Other than one little fat finger at Stamp, we seem to be continuing our trek sideways... currently $2593USD (Bitcoinaverage). Indeed $2600 ain't a bad place to be stuck during consolidation. They just installed one in the 24/7 store less than a block from my home, the day before last. My friend asked me about the BTC ATM she saw there when she went to use the fiat ATM there that night. Needless to say, I ran over in the morning to check it out. It's a 2-way floor-standing Lamassu with no apparent ID snooping. The owner/manager said he installed it after several requests, none of which was from me. He seemed surprised I was inquiring until I pointed out the BTC logo on my ballcap. He'd seen it thousands of times before but didn't know what it represented. They're still playing with their fees. The first day, they wanted 9% to buy, 3.5% to sell. Yesterday it was up to 10% and 3.5%. Today it's down to 9.3% and 2.8%. It makes me wonder if my conversation with the merchant had any influence. I told him I would have used it multiple times if he'd had it earlier but that the buy fees were a little high. I told him I would probably continue buying mostly OTC from individuals at a lower fee except when the amounts were small enough for transportation times and costs to offset the higher fees. I also told him that he was my new go-to if I ever needed to sell some coin. My guess is that the 2.8% goes completely to the merchant with none to the ATM operator. He may have reduced his fee voluntarily. The fiat ATM in his store has the lowest fees in the area, half of what they charge at the nearest bank. I don't know what the transaction limits are but the only local machine with a lower sell fee (Deloitte) has a $100/day limit. The closest ATM with a 3% sell fee (York Foreign exchange) has a $2000/day limit. New BTC ATMs seem to be popping up like mushrooms everywhere. A friend in the west-end Parkdale neighborhood told me that a machine was recently installed in her nearest 24/7 convenience store. I don't know anything about it because it's not listed on Bitcoin ATM Radar and I haven't been out to see it yet. Apparently the 60 machines listed on Bitcoin ATM Radar are just the tip of the iceberg. We've always been very active in Bitcoin and altcoins here in Toronto (Ethereum started here) but the level of awareness among the non-tech-savvy seems to be exploding, as it seems to be worldwide. 2017 may indeed be the year of Bitcoin.
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BlindMayorBitcorn
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July 06, 2017, 05:10:16 PM |
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You should buy one for your living room. You'll never have to leave the house.
Of course you'll have to buy your own coins. But otherwise it's the perfect plan.
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Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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Iranus
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July 06, 2017, 05:33:03 PM |
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You should buy one for your living room. You'll never have to leave the house.
Of course you'll have to buy your own coins. But otherwise it's the perfect plan.
You could buy one for your mate, and then rely on them to fill it up with coins. Then they could set a normal fee. It'd still be better than the crazy >7% that most of the places near me charge.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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JimboToronto
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July 06, 2017, 07:06:48 PM Last edit: July 06, 2017, 07:56:08 PM by JimboToronto |
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You should buy one for your living room. You'll never have to leave the house.
Of course you'll have to buy your own coins. But otherwise it's the perfect plan.
What a great way to anonymize coins traceable to your identity. Just make sure you use a machine that doesn't ask for ID. Your coins get "sold" to an anonymous "buyer"... all within the privacy of your own home. When you're done you find a merchant/restaurateur with whom to place the machine for further earnings. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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Arcteryx
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July 06, 2017, 09:02:56 PM Last edit: July 06, 2017, 09:56:09 PM by Arcteryx |
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So is this thread which was created by admin and curator here pertaining to this particular thread? https://bitcointalk.org/index.php?topic=2004227Then who will take the reigns of this new Wall Observer thread! Only One Thread to Rule Them All! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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| .......High ROI Social Ethereum Games ........BENEFITS WHITEPAPER ANN THREAD GITHUB REDDIT TWITTER........ | ░░░░░░░░░░░▄██████████████▀░░░░░ ░░░░░░░░▄█████████████▀▀░░░░░░░░ ░░░░░░▄██████▀░░░░░░░░░░░░░░░░░░ ░░░░░██████▀░░░░░░░░░░░░░░░░░░░░ ░░░░░██████░░░░░░░░░░░░░░░░░░░░░ ░░░░░░██████▄░░░░░░░░░░░░░░░░░░ ░░░░░░░▀███████████████████▄░░░░ ░░░░░░░░░▀▀██████████████████▄░░ ░░░░░░░░░░░░░░░░░░░░░░░███████░░ ░░░░░░░░░░░░░░░░░░░░▄▄██████▀░░░ ░░░░░░░▄█████████████████▀▀░░░░░ ░░░░░▄████████████████▀▀░░░░░░░░......................
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BlindMayorBitcorn
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July 06, 2017, 09:16:21 PM |
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You should buy one for your living room. You'll never have to leave the house.
Of course you'll have to buy your own coins. But otherwise it's the perfect plan.
What a great way to anonymize coins traceable to your identity. Just make sure you use a machine that doesn't ask for ID. Your coins get "sold" to an anonymous "buyer"... all within the privacy of your own home. When you're done you find a merchant/restaurateur with whom to place the machine for further earnings. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) You evil genius!
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Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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FractalUniverse
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July 06, 2017, 09:23:52 PM |
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looks like the price is heading for minor breakout above 2550btce, 2650stamp, 2630 finex within next few hours. (at least price action is telling me.. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ) [so please, local whales, no dumping now//]
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leowonderful
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Bitcoin FTW!
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July 06, 2017, 10:11:56 PM |
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So is this thread which was created by admin and curator here pertaining to this particular thread? https://bitcointalk.org/index.php?topic=2004227Then who will take the reigns of this new Wall Observer thread! Only One Thread to Rule Them All! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) I wonder how they'll transfer ownership of the thread, does the new administrator of the thread get Theymos to modify the first post or will the first post stay the first and Theymos modifies the title and author? Either way, it'll be good to not have to scrounge for information so much anymore. Can't belive how bad Speculation is without the Wall Observer, no matter how bad people claim it to be.
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Ludwig Von
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2017, 10:16:30 PM |
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looks like the price is heading for minor breakout above 2550btce, 2650stamp, 2630 finex within next few hours. (at least price action is telling me.. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ) [so please, local whales, no dumping now//] Why would we want them not to dump, if they want to pump, let 's say around July 20 ? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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I am bad in catching falling knives, always get hurt... .
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FractalUniverse
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2017, 10:19:46 PM |
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because they would ruin my price action analysis based on years of staring at charts and i would be disappointed ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Ludwig Von
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2017, 10:42:57 PM |
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because they would ruin my price action analysis based on years of staring at charts and i would be disappointed ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) That sounds like a very good point. I am staring at people and their behaviour for years and I still cannot reduce that to a chart... . So the point will probably stay open until somewhere in August... . ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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I am bad in catching falling knives, always get hurt... .
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Arcteryx
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 07, 2017, 12:26:28 AM |
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So is this thread which was created by admin and curator here pertaining to this particular thread? https://bitcointalk.org/index.php?topic=2004227Then who will take the reigns of this new Wall Observer thread! Only One Thread to Rule Them All! ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) I wonder how they'll transfer ownership of the thread, does the new administrator of the thread get Theymos to modify the first post or will the first post stay the first and Theymos modifies the title and author? Either way, it'll be good to not have to scrounge for information so much anymore. Can't belive how bad Speculation is without the Wall Observer, no matter how bad people claim it to be. I typically just treat it as a place to go to that isn't to serious about how bitcoin is going good or bad. And just to have a chuckle at the posts once and while. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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| .......High ROI Social Ethereum Games ........BENEFITS WHITEPAPER ANN THREAD GITHUB REDDIT TWITTER........ | ░░░░░░░░░░░▄██████████████▀░░░░░ ░░░░░░░░▄█████████████▀▀░░░░░░░░ ░░░░░░▄██████▀░░░░░░░░░░░░░░░░░░ ░░░░░██████▀░░░░░░░░░░░░░░░░░░░░ ░░░░░██████░░░░░░░░░░░░░░░░░░░░░ ░░░░░░██████▄░░░░░░░░░░░░░░░░░░ ░░░░░░░▀███████████████████▄░░░░ ░░░░░░░░░▀▀██████████████████▄░░ ░░░░░░░░░░░░░░░░░░░░░░░███████░░ ░░░░░░░░░░░░░░░░░░░░▄▄██████▀░░░ ░░░░░░░▄█████████████████▀▀░░░░░ ░░░░░▄████████████████▀▀░░░░░░░░......................
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