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millsdmb
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September 27, 2013, 03:55:17 PM |
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LTC RIP due to Atlantis shutdown?
Nah, it wasn't Atlantis that drove LTC price above BTC0,01, though it played a part. General speculation, particularly over Mt Gox trading LTC with its new engine, probably drove it a lot more. I don't think that's the end of Litecoin, any more than SR closing would signal the end of Bitcoin. But what is the LTC good for now? buying BTC |
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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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niko
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September 27, 2013, 06:20:15 PM
Last edit: September 27, 2013, 06:47:06 PM by niko |
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Just an excercise in free and anonymous market strategies:
If operators of SR were selfish assholes (they seem to be nice folks, but let's forget that for now), they would absolutely start a fake competitor, then scam users and vanish. They get free press (every Atlantis article mentions SR), they get coins, they distract the authorities and divert their resources, and they make themselves look great in comparison.
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They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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TheButterZone
Legendary
 Offline
Activity: 3052
Merit: 1031
RIP Mommy
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September 27, 2013, 09:25:44 PM |
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LTC RIP due to Atlantis shutdown?
Nah, it wasn't Atlantis that drove LTC price above BTC0,01, though it played a part. General speculation, particularly over Mt Gox trading LTC with its new engine, probably drove it a lot more. I don't think that's the end of Litecoin, any more than SR closing would signal the end of Bitcoin. But what is the LTC good for now? It is the Shol'va to BTCs Goa'uld. HAHAAH! |
Saying that you don't trust someone because of their behavior is completely valid.
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bumpk1nK
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September 27, 2013, 09:43:53 PM |
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Just an excercise in free and anonymous market strategies:
If operators of SR were selfish assholes (they seem to be nice folks, but let's forget that for now), they would absolutely start a fake competitor, then scam users and vanish. They get free press (every Atlantis article mentions SR), they get coins, they distract the authorities and divert their resources, and they make themselves look great in comparison.
Is there any way how often this market strategy can be executed, I mean for optimal profit? |
dc98wdHhcjkwleHUnBce8gd87teibN9ys38y3uTgsHG02e9-ok my keyboard works!
Insurance is a ripoff.
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xsfgsdrwe
Newbie
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Activity: 56
Merit: 0
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September 27, 2013, 10:35:02 PM |
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Is the owners personal information known? How can they shut down without allowing people to withdraw and not be sued?
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t3xasdolly
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September 27, 2013, 10:39:43 PM |
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Is the owners personal information known? How can they shut down without allowing people to withdraw and not be sued?
LTC are just tokens  |
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xsfgsdrwe
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September 27, 2013, 10:56:34 PM |
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Is the owners personal information known? How can they shut down without allowing people to withdraw and not be sued?
LTC are just tokens Does the same go for quarters? |
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millsdmb
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September 27, 2013, 11:45:15 PM |
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xsfgsdrwe
Newbie
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September 28, 2013, 12:22:58 AM |
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Well I didn't lose any money through them so I find it amusing you guys are laughing about it.
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millsdmb
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September 28, 2013, 12:30:38 AM |
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im laughing at the question because if anyone knew who they were they wouldn't be running swindling Atlantis. Not everyone is edward snowden. The assholes who ran atl used cryptocat for an interview when the people who wrote it dont even claim to have a full grasp on crypto, of course someone found a vuln which was patched but not without the dev of cryptocat getting a severe lyrical asswhooping by the guy who found the hole. I'll dig for sources and update this post momentarily. Its pretty interesting stuff.
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niko
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September 28, 2013, 03:16:16 AM |
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Just an excercise in free and anonymous market strategies:
If operators of SR were selfish assholes (they seem to be nice folks, but let's forget that for now), they would absolutely start a fake competitor, then scam users and vanish. They get free press (every Atlantis article mentions SR), they get coins, they distract the authorities and divert their resources, and they make themselves look great in comparison.
Is there any way how often this market strategy can be executed, I mean for optimal profit? Yes, however the equation is a trade secret. It's based in quantum mechano-economics. If it were revealed to the public, it would quit working. |
They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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b!z
Legendary
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Activity: 1582
Merit: 1010
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September 28, 2013, 06:37:45 AM |
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Just an excercise in free and anonymous market strategies:
If operators of SR were selfish assholes (they seem to be nice folks, but let's forget that for now), they would absolutely start a fake competitor, then scam users and vanish. They get free press (every Atlantis article mentions SR), they get coins, they distract the authorities and divert their resources, and they make themselves look great in comparison.
But that is too much effort, and they even risk losing their existing customers. It is illegal, anyways so i do not think it is a good idea. |
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utarinues
Member
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Activity: 114
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September 28, 2013, 08:52:43 AM |
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Just an excercise in free and anonymous market strategies:
If operators of SR were selfish assholes (they seem to be nice folks, but let's forget that for now), they would absolutely start a fake competitor, then scam users and vanish. They get free press (every Atlantis article mentions SR), they get coins, they distract the authorities and divert their resources, and they make themselves look great in comparison.
But that is too much effort, and they even risk losing their existing customers. It is illegal, anyways so i do not think it is a good idea. Do you think they would care it is illegal? |
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niko
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October 02, 2013, 08:24:21 PM |
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Just an excercise in free and anonymous market strategies:
If operators of SR were selfish assholes (they seem to be nice folks, but let's forget that for now), they would absolutely start a fake competitor, then scam users and vanish. They get free press (every Atlantis article mentions SR), they get coins, they distract the authorities and divert their resources, and they make themselves look great in comparison.
EDIT - in the light of revelations from the FBI files, the chief operator of SR was a total ass. Murder-for-hire level ass. Just saying. He had all these memorable quotes, all while being a total ass. Not as bad, deceptive, and murderous as a typical president of his country, but still. |
They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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pedrog
Legendary
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Activity: 2786
Merit: 1031
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October 02, 2013, 08:34:23 PM |
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Just an excercise in free and anonymous market strategies:
If operators of SR were selfish assholes (they seem to be nice folks, but let's forget that for now), they would absolutely start a fake competitor, then scam users and vanish. They get free press (every Atlantis article mentions SR), they get coins, they distract the authorities and divert their resources, and they make themselves look great in comparison.
EDIT - in the light of revelations from the FBI files, the chief operator of SR was a total ass. Murder-for-hire level ass. Just saying. He had all these memorable quotes, all while being a total ass. Not as bad, deceptive, and murderous as a typical president of his country, but still. I don't find anything at the FBI website... |
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