cbeast
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Let's talk governance, lipstick, and pigs.
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June 13, 2013, 04:07:50 PM |
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Regulation only affects acquiring bitcoins. The fundamentals do not change. Speculators have already taken this into account.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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JimCGSavings (OP)
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June 13, 2013, 04:12:39 PM |
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Regulation only affects acquiring bitcoins. The fundamentals do not change. Speculators have already taken this into account.
And this is why I'm a noob. I have no idea how that relates to my prediction. ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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JimCGSavings (OP)
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June 13, 2013, 04:26:13 PM |
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Great, another idiot who thinks regulation lowers price. "Hint" or not, that's baloney. If destroying bitcoin were as easy as that, FinCEN would have done it ages ago. Be as vague as possible and provide no information (other than the classic "I have insider info, I swear!") A few people might believe you! Good luck It will cause short term lower price, because people will think that it may cause it. I'm saying the event that will happen tomorrow will cause it. Period. No short term lower price. Flash Crash starting at below 99 tomorrow. No ifs ands or buts, no well, not enough people understood me, no oh well, it will happen if given enough time...no excuses, no equivocation, no vagueness. Tomorrow. And this isn't insider information. It's a conclusion I don't think people without my personal experience would reach. I'm either right, or I'm wrong.
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JimCGSavings (OP)
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June 13, 2013, 04:27:35 PM |
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Good guess! Wrong though. Something else completely.
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ibminer
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Goonies never say die.
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June 13, 2013, 04:46:10 PM |
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Any clues as to a time of this 'event' tomorrow?
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Bitbuy
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June 13, 2013, 05:33:02 PM |
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Haha, as usual, want to bet? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Alas, I have no coin. What would you consider worth my putting up against 1BTC? (grin) Is the reason you have no coin also the reason for the flashcrash; i.e you're dumping 50K bitcoins or something tonight at 03:00 CET? ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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cbeast
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Let's talk governance, lipstick, and pigs.
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June 13, 2013, 05:48:13 PM |
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Regulation only affects acquiring bitcoins. The fundamentals do not change. Speculators have already taken this into account.
And this is why I'm a noob. I have no idea how that relates to my prediction. ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Your "Account Verification" hint infers regulation of some sort. I doubt you have any information that hasn't been considered and extensively discussed on this forum.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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cbeast
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Let's talk governance, lipstick, and pigs.
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June 13, 2013, 06:13:43 PM |
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If it's in references to this thread: https://bitcointalk.org/index.php?topic=232950.msg2455940#msg2455940There is nothing to worry about. The virtual currencies used for crimes are plethora and capitalized in hundreds of billions. That problem predates Bitcoin by decades and will continue to avoid Bitcoin as it is far more traceable than offshore virtual banks.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Malawi
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One bitcoin to rule them all!
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June 13, 2013, 06:15:04 PM |
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If you are so sure of this prediction, you should write it down in a textfile, then compress it with a nice and long sting as password. You then post a link to the compressed file here, and give the password after "the event".
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BitCoin is NOT a pyramid - it's a pagoda.
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Deafboy
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June 13, 2013, 06:21:07 PM |
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It's easy to prove you were right if something happens tomorrow without revealing so called "insider information" today. Create a document describing what's going to happen, and upload the hash to blockchain. This way we can verify that cause of the crash was known to you before. Otherwise... you know. GTFO ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Its About Sharing
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Antifragile
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June 13, 2013, 06:31:21 PM |
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It's easy to prove you were right if something happens tomorrow without revealing so called "insider information" today. Create a document describing what's going to happen, and upload the hash to blockchain. This way we can verify that cause of the crash was known to you before. Otherwise... you know. GTFO ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) That is a really interesting use of the Blockchain. It is like mailing a letter to yourself, but a bit more secure. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I'm naive here. Once the hash is on the blockchain, how do you unlock and share it? Or?
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BTC = Black Swan. BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
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Rygon
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June 13, 2013, 07:04:18 PM |
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If you are so sure of this prediction, you should write it down in a textfile, then compress it with a nice and long sting as password. You then post a link to the compressed file here, and give the password after "the event".
+1. That ought to be the standard practice on this forum anytime someone comes in claiming to know some huge news but "can't reveal it until afterwards."
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randrace
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LTC -> BTC -> Silver!
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June 13, 2013, 07:17:04 PM |
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notme
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June 13, 2013, 07:43:16 PM |
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It's easy to prove you were right if something happens tomorrow without revealing so called "insider information" today. Create a document describing what's going to happen, and upload the hash to blockchain. This way we can verify that cause of the crash was known to you before. Otherwise... you know. GTFO ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) That is a really interesting use of the Blockchain. It is like mailing a letter to yourself, but a bit more secure. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I'm naive here. Once the hash is on the blockchain, how do you unlock and share it? Or? A hash is a different thing entirely from encryption. A hash takes data and scrambles it. It will always scramble the same data the same way, but there is no way to recover the data from the hash. By publishing the hash you establish that at the time of publication you had access to the data. When you later reveal the data, the hash can be verified.
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dwdoc
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- - -Caveat Aleo- - -
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June 13, 2013, 07:46:43 PM |
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Crypt_Current
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June 13, 2013, 08:02:46 PM |
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It's easy to prove you were right if something happens tomorrow without revealing so called "insider information" today. Create a document describing what's going to happen, and upload the hash to blockchain. This way we can verify that cause of the crash was known to you before. Otherwise... you know. GTFO ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) That is a really interesting use of the Blockchain. It is like mailing a letter to yourself, but a bit more secure. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I'm naive here. Once the hash is on the blockchain, how do you unlock and share it? Or? A hash is a different thing entirely from encryption. A hash takes data and scrambles it. It will always scramble the same data the same way, but there is no way to recover the data from the hash. By publishing the hash you establish that at the time of publication you had access to the data. When you later reveal the data, the hash can be verified. So a hash is used to prove the timing of the message, and it is not the message itself? Just want to be clear on this methodology so that noobs can better put it into practice...
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notme
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June 13, 2013, 08:05:14 PM |
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It's easy to prove you were right if something happens tomorrow without revealing so called "insider information" today. Create a document describing what's going to happen, and upload the hash to blockchain. This way we can verify that cause of the crash was known to you before. Otherwise... you know. GTFO ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) That is a really interesting use of the Blockchain. It is like mailing a letter to yourself, but a bit more secure. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I'm naive here. Once the hash is on the blockchain, how do you unlock and share it? Or? A hash is a different thing entirely from encryption. A hash takes data and scrambles it. It will always scramble the same data the same way, but there is no way to recover the data from the hash. By publishing the hash you establish that at the time of publication you had access to the data. When you later reveal the data, the hash can be verified. So a hash is used to prove the timing of the message, and it is not the message itself? Just want to be clear on this methodology so that noobs can better put it into practice... The message can be used to verify the hash, but the message can not be recovered from the hash.
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Odalv
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June 13, 2013, 08:08:54 PM |
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So a hash is used to prove the timing of the message, and it is not the message itself? Just want to be clear on this methodology so that noobs can better put it into practice...
1. sha-256("So a hash is used to prove the timing of the message, and it is not the message itself? Just want to be clear on this methodology so that noobs can better put it into practice...") = e48015191601f6621a7ca18f6eefa90c583b9faad3c6d009eef7fd80d39efc6c 2. ripemd-160("e48015191601f6621a7ca18f6eefa90c583b9faad3c6d009eef7fd80d39efc6c") = c439421c3b5c5c695f9d2b5d942748a65960609f 3. bitcoinAddress("c439421c3b5c5c695f9d2b5d942748a65960609f") = 1JtY2yLHmG2yVGhWafVZSup9UJQnYyHNsr 4. sent 1 Satoshi to address "1JtY2yLHmG2yVGhWafVZSup9UJQnYyHNsr" and this will appear in block chain (for ever) => you CAN PROVE (timestamp) when this satoshi was sent. [edit] 5. address("1JtY2yLHmG2yVGhWafVZSup9UJQnYyHNsr") = public-key("So a hash is used to prove the timing of the message, and it is not the message itself? Just want to be clear on this methodology so that noobs can better put it into practice...") => you proved message, it is you who know public-key => you now message
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Malawi
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One bitcoin to rule them all!
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June 13, 2013, 08:12:04 PM |
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With a password-protected file that is dl before an event is supposed to happen does not really need a timestamp.
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BitCoin is NOT a pyramid - it's a pagoda.
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