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Author Topic: Guy admits it is his job to destroy Bitcoin.  (Read 8317 times)
ALPHA.
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November 17, 2011, 03:29:36 PM
 #21

If it's true, I would take it as nothing more than a compliment.
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November 17, 2011, 03:30:29 PM
 #22

Bring it on, if bitcoin isn't resistant to all kinds of attacks then there's no point in it existing, and we can all go back to using scam money.
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November 17, 2011, 03:58:34 PM
 #23

He's not doing a very good job if he's letting us know in advance...

some ppl just can't help attracting attention to themselves.  i would take this guy seriously.  this has always been my contention.
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November 17, 2011, 04:02:00 PM
 #24

You cant drive price down without driving it up first. The idea is ludicrous "lets buy a million bitcoin so we can sell them later and crash the exchange rate ". Yeah that works  Roll Eyes

but they could use 5:1 leverage on Bitcoinica.  i've always been against short selling BTC at such a young stage.  too vulnerable.
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November 17, 2011, 04:15:43 PM
 #25

Guys,

 What about this:

 'Devastating' protocol flaw could paralyze Bitcoin system:
 http://www.theregister.co.uk/2011/11/15/bitcoin_flaw/ ?

Best,
Thiago

Honestly - i think what they propose is that you should get a reward for letting your client app running?
Reasoning is that if you don't get a reward for it why should you? And if your not online with your client
app the network is weak ...... 

To me this is anything but 'devastating' - more like a 'consultant' type buisnessperson said: We make it
more efficient so buy my solution or it is devastating for you.





account resurrected
the lurking ends
Cryptoman
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November 17, 2011, 04:16:10 PM
 #26

Guys,

 What about this:

 'Devastating' protocol flaw could paralyze Bitcoin system:
 http://www.theregister.co.uk/2011/11/15/bitcoin_flaw/ ?

Best,
Thiago

Discussed extensively here: https://bitcointalk.org/index.php?topic=51712.0

"A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history." --Gandhi
P4man
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November 17, 2011, 04:23:35 PM
 #27

but they could use 5:1 leverage on Bitcoinica. 

It doesnt matter. Its easy enough to achieve short time price spikes or drops (particularly after you spiked it) if you throw enough money at it, but no amount of money is going to keep the price down. The only thing  that can keep the price down is lack of demand. You cant buy lack of demand Wink.

ALPHA.
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November 17, 2011, 04:26:39 PM
 #28

Bitcoinica is generally a wonderful thing. I've doubted its wealth creation before but assuming Bitcoin ever becomes the popular currency it deserves to be, Bitcoinica is going to keep the price nice and stable with a lovely pool of doubters. Quite a tool and Zhou has my reverence.
deslok
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November 17, 2011, 04:29:06 PM
 #29

Nothing like a healthy dose of FUD

"If we don't hang together, by Heavens we shall hang separately." - Benjamin Franklin

If you found that funny or something i said useful i always appreciate spare change
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Matthew N. Wright
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November 17, 2011, 04:31:46 PM
 #30

Bitcoinica usually something wonderful. I doubted, wealth creation before, but assume an increasingly popular coin seems Bitcoin, Bitcoinica will keep the price nice and stable, with a lovely pool of skeptics. A tool Zhou and my deepest condolences. Pharmacy online buy new drugs cheap

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November 17, 2011, 04:32:40 PM
 #31

Nothing like a healthy dose of FUD
Fear makes the world go round. It keeps you from losing your virginity and killing the kids down the street. It's what allows the few to control the many.

As for the men who sober themselves from its grasp, nothing can stop them. A lack of fear is what separates the men from the boys.  
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November 17, 2011, 04:45:26 PM
 #32

Fear makes the world go round. (...) However, for the men who sober themselves from its grasp, nothing can stop them.

Strong agree.

Look around, idiotic panic driving irrational decisions everywhere. Even inside Bitcoin now. "Speculators" screaming like babies or flaming like idiots just because there was a crash. These people are irrelevant, they won't move a thing anyways. Just pawns on the board.

Politicians and their string puppets are nothing but manifestations of all these fears and "easy" ideas. Come on, some troll with a mission to destroy Bitcoin? He succeeded in his mission to have his own thread here, I give him that.
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November 17, 2011, 04:49:34 PM
 #33

You cant drive price down without driving it up first. The idea is ludicrous "lets buy a million bitcoin so we can sell them later and crash the exchange rate ". Yeah that works  Roll Eyes

Only a small portion of the Bitcoin pie is traded on the exchange. If a large chunk (say $500k) is used just for manipulation, it manipulates the whole currency worth over $10 million.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
Elwar
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November 17, 2011, 05:21:59 PM
 #34

Who could possibly want to hurt Bitcoin?


http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
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November 17, 2011, 05:50:21 PM
 #35

Haha…funny!  Someone is yanking your chain.  Wink

If the banking industry is really that worried about bitcoin, my advice is to cash out your 401k's your IRA's and buy gold, silver, bitcoins, toilet paper, land, guns and just about anything else you can get your hands on because the financial system is in far worse shape that anyone can imagine.  One small puff and the whole house of cards is likely to blow away.

If you are part of an organization whose mission it is to destroy bitcoin, my advice to you is to take the opportunity to skim a few bitcoins off the top for yourself.  You are in a unique position to be trading with someone else's money and could easily and anonymously trade against them.  You won't be sorry you did.   Grin

(gasteve on IRC) Does your website accept cash? https://bitpay.com
ThiagoCMC
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November 17, 2011, 05:54:53 PM
 #36

Who could possibly want to hurt Bitcoin?



The Establishment, FED, all world's governments, all banks, PayPal and so on...

Mercado Forex acessível para todos os Brasileiros que tenham Bitcoins! Cadastre-se hoje mesmo! Bastar acessar aqui: https://1broker.com/m/r.php?i=8879
DeathAndTaxes
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November 17, 2011, 06:29:28 PM
 #37

He's not doing a very good job if he's letting us know in advance...

Plausible deniability.

I don't think those words mean what you think they mean.
ALPHA.
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November 17, 2011, 06:33:51 PM
 #38

He's not doing a very good job if he's letting us know in advance...

Plausible deniability.

I don't think those words mean what you think they mean.
He does. You just don't understand where he is getting at.
d.james
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November 17, 2011, 06:34:47 PM
 #39

Who could possibly want to hurt Bitcoin?



Please update to the latest BTC logo

You can not roll a BitCoin, but you can rollback some. Cheesy
Roll me back: 1NxMkvbYn8o7kKCWPsnWR4FDvH7L9TJqGG
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November 17, 2011, 08:55:52 PM
 #40

Some people are just childish and find these things funny. I've removed the stupid responses that I've seen. If people see more of them, you can send the ID to matthewmitchell at godofgod dot co dot uk.

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