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Author Topic: 8/2/11 Downturn / Speculation Thread  (Read 1875 times)
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August 06, 2011, 02:14:35 PM
 #21

$7.7 at present
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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August 06, 2011, 02:35:19 PM
 #22

Looks like bitcoin is on the way out. Don;t let the door hit your ass on The Way Out lol.
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August 06, 2011, 02:49:42 PM
 #23

I'm trying to get in before it goes back up, but dwolla takes forever to do a bank transfer...

GOD, tell me about it. It is the longest effin process in history. Trying to find a way around that, but it's not workin out so well.
Maybe it is a blessing, the way the market is going right now, waiting is not such a bad thing.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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August 06, 2011, 03:21:28 PM
 #24

The issue simply is not speculation there appears to be a botnet purposely devaluing bitcoin,I wouldn't be so quick to disperse the fact this or around sometime soon it is probably a great time to start either buying or thinking about it.

It is so bloody weird,when I asked for it at around $8 and that is what the price is at now.Might be a good time to have proper antivirus in place such as F-secure or any that can detect the bot.

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August 06, 2011, 10:48:15 PM
 #25

if a bot is driving down the price then we should be taking advantage of its work. This is a perfect time to get into or increase your share of the market.

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August 06, 2011, 11:28:10 PM
 #26

Someone explain how a botnet can depress the value beyond increasing the difficulty?
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