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the founder (OP)
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November 01, 2011, 02:06:43 PM |
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ok I got some feedback, there are going to put SOME (not all, not even close to all, but some) of that 1/2 million they collected as an insurance policy if the banks decide to wikileaks them... I got this from a valid source.
We're talking a few percentage points.... nothing more for now.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Gabi
Legendary
 Offline
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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November 01, 2011, 02:32:41 PM |
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A wise choice.
Not too much so they don't risk too much due to bitcoin volatility
But still enough in case banks decide to freeze their accounts
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the founder (OP)
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November 01, 2011, 02:33:43 PM |
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A wise choice.
Not too much so they don't risk too much due to bitcoin volatility
But still enough in case banks decide to freeze their accounts
that was exactly why... it was viewed almost as if BTC was like buying a bunch of silver or something like that... prices go up and down but at least the banks can't steal it from them. |
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deepceleron
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Activity: 1512
Merit: 1025
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November 01, 2011, 04:32:37 PM |
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Get people to believe in your new movement and rally to your cause, then disappear with their money? Where have I seen this before?
Raising half a million is quite a feat, especially considering that any organizers are disparate, and the most official group is likely the one that got the best twitter name with a linked bank account set up first.
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bitstarter
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November 01, 2011, 05:20:24 PM |
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This is good news because it protects what they have  |
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johnj
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November 01, 2011, 05:35:21 PM |
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ok I got some feedback, there are going to put SOME (not all, not even close to all, but some) of that 1/2 million they collected as an insurance policy if the banks decide to wikileaks them... I got this from a valid source.
We're talking a few percentage points.... nothing more for now.
What's the source of your information? Even at 3% of 500k, that's 15k - which at current market (as I write this) would buy up to 3.60, from current 3.10. That's a 14% jump. Now my math may be in error, but when someone claims 'Hey I have inside information that the market may jump 14% today due to 15k being pumped in', OWS or not, it's silly to make or believe those claims w/o more proof. |
1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym
TradeHill Referral TH-R120549
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deepceleron
Legendary
Offline
Activity: 1512
Merit: 1025
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November 01, 2011, 05:41:27 PM
Last edit: October 25, 2013, 10:53:03 AM by deepceleron |
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ok I got some feedback, there are going to put SOME (not all, not even close to all, but some) of that 1/2 million they collected as an insurance policy if the banks decide to wikileaks them... I got this from a valid source.
We're talking a few percentage points.... nothing more for now.
What's the source of your information? Even at 3% of 500k, that's 15k - which at current market (as I write this) would buy up to 3.60, from current 3.10. That's a 14% jump. Now my math may be in error, but when someone claims 'Hey I have inside information that the market may jump 14% today due to 15k being pumped in', OWS or not, it's silly to make or believe those claims w/o more proof. Not proof, but showing it's not easy to dismiss either, here's an 18k buy three days ago: |
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johnj
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November 01, 2011, 05:43:31 PM |
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ok I got some feedback, there are going to put SOME (not all, not even close to all, but some) of that 1/2 million they collected as an insurance policy if the banks decide to wikileaks them... I got this from a valid source.
We're talking a few percentage points.... nothing more for now.
What's the source of your information? Even at 3% of 500k, that's 15k - which at current market (as I write this) would buy up to 3.60, from current 3.10. That's a 14% jump. Now my math may be in error, but when someone claims 'Hey I have inside information that the market may jump 14% today due to 15k being pumped in', OWS or not, it's silly to make or believe those claims w/o more proof. Not proof, but showing it's not easy to dismiss either, here's an 18k buy three days ago: Ahh yes, I was under the assumption it hadn't happened yet, due to the 'are going to'. And that it'd be one lump order. Though plausible, I still prefer more proof. Were you (flexcoin) at the assemblies where they decide this stuff? |
1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym
TradeHill Referral TH-R120549
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ineededausername
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November 01, 2011, 06:33:26 PM |
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Though plausible, I still prefer more proof. Were you (flexcoin) at the assemblies where they decide this stuff?
+1, I want proof too. |
(BFL)^2 < 0
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the founder (OP)
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November 01, 2011, 09:46:17 PM |
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I was not in the assemblies... and it was from a friend that was there... so my knowledge is technically second hand and also delayed a few days because I was told "we discussed this in the assembly last week" ... my guess is that spike in the price was exactly what it was if I were to guess based on what I understood was happening.
again I might be wrong... I am not trying to spread crap... just what I believe is accurate based on who told me.
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johnj
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November 01, 2011, 09:53:49 PM |
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I was not in the assemblies... and it was from a friend that was there... so my knowledge is technically second hand and also delayed a few days because I was told "we discussed this in the assembly last week" ... my guess is that spike in the price was exactly what it was if I were to guess based on what I understood was happening.
again I might be wrong... I am not trying to spread crap... just what I believe is accurate based on who told me.
Okay, even with that, it makes framing the OP more legitimate. Sorry if I was unnecessarily harsh. |
1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym
TradeHill Referral TH-R120549
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