ALPHA.
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November 17, 2011, 03:29:36 PM |
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If it's true, I would take it as nothing more than a compliment.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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racerguy
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November 17, 2011, 03:30:29 PM |
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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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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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November 17, 2011, 03:58:34 PM |
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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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cypherdoc
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Activity: 1764
Merit: 1002
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November 17, 2011, 04:02:00 PM |
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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  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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SaintFlow
Sr. Member
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Activity: 476
Merit: 250
The first is by definition not flawed.
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November 17, 2011, 04:15:43 PM |
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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. |
don't let me make you question your assumptions
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Cryptoman
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November 17, 2011, 04:16:10 PM |
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"A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history." --Gandhi
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P4man
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November 17, 2011, 04:23:35 PM |
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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  . |
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ALPHA.
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November 17, 2011, 04:26:39 PM |
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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.
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deslok
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Activity: 462
Merit: 250
It's all about the game, and how you play it
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November 17, 2011, 04:29:06 PM |
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Nothing like a healthy dose of FUD
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"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
1PczDQHfEj3dJgp6wN3CXPft1bGB23TzTM
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Matthew N. Wright
Untrustworthy
Hero Member
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Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
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November 17, 2011, 04:31:46 PM |
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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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ALPHA.
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November 17, 2011, 04:32:40 PM
Last edit: November 17, 2011, 04:48:23 PM by ALPHA. |
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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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Vandroiy
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Activity: 1036
Merit: 1002
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November 17, 2011, 04:45:26 PM |
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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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Elwar
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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November 17, 2011, 04:49:34 PM |
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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 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. |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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Elwar
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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November 17, 2011, 05:21:59 PM |
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Who could possibly want to hurt Bitcoin?  |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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Steve
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November 17, 2011, 05:50:21 PM |
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Haha…funny! Someone is yanking your chain. 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.  |
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ThiagoCMC
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Activity: 1204
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฿itcoin: Currency of Resistance!
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November 17, 2011, 05:54:53 PM |
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Who could possibly want to hurt Bitcoin? The Establishment, FED, all world's governments, all banks, PayPal and so on... |
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DeathAndTaxes
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Gerald Davis
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November 17, 2011, 06:29:28 PM |
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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. |
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ALPHA.
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Activity: 42
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November 17, 2011, 06:33:51 PM |
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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. |
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d.james
Sr. Member
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Activity: 280
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Firstbits: 12pqwk
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November 17, 2011, 06:34:47 PM |
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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.  Roll me back: 1NxMkvbYn8o7kKCWPsnWR4FDvH7L9TJqGG |
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MatthewLM
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Activity: 1190
Merit: 1004
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November 17, 2011, 08:55:52 PM |
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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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