i was telling everyone to sell, if you did not listen to me when the price at $650 $620, now it's your last chance
ie:
https://bitcointalk.org/index.php?topic=623161.msg6966288#msg6966288https://bitcointalk.org/index.php?topic=623161.msg7209769#msg7209769https://bitcointalk.org/index.php?topic=178336.msg7247949#msg7247949https://bitcointalk.org/index.php?topic=649234.msg7266246#msg7266246GHash, a colossal threat, can now control the bitcoin system and bitcoin's destiny, those "bulls" who were saying this will never happen, now changed their mind and telling you "GHash is good company with good moral, they will voluntarily distribute themselves, things like "51% attack which would DESTROY Bitcoin by undermining our confidence in it" will never happen"
The fact is, bitcoin relies on GHash now, you have to trust on Ghash not to destroy it, how can a claimed p2p trustless math bulletproof world money system relies on a single company GHash?
"Ghash please don't be evil, our hopes are all counting on you, the world's future is counting on you, please be farsighted, Seriously?"
Overstock CEO, do your board members and investors know that you put your company under GHash's control because you decided to keep company revenue in bitcoins?
All these big companies, better take over GHash before start keeping any bitcoins
Satoshi did warn us about this, however people dont realize how serious a 51% attack is, Let me tell you how bad the real situation is now:
GHash is hiding their real power. GHash has MUCH more than 51%, i would say more than 60% !
Do remember,
they can low the rate to 4x% in short time by blocking some of their miners and shutting down their own units ,
they can then also raise back to 60% in seconds by just turnning on all their mine units,
why? because greed is part of human nature, goverments,organisations etc can simply take over GHash and destroy bitcoin!
undestroyable decentralized math-proof-of-stake money system? boom! > 60% double spends, confidences gone, bitcoin end!
The community has already appealed to GHash.io to voluntarily restrict their mining (as did BTCGuild before them) in order to avoid going over 40% and you see what they returned
some might say: Put another way, in 5 months when Ghash is at 100%, we can still have bitcoin, and it can still be working fine as a cryptocurrency
acoindr: No, it can't.
It would work in the technical sense, but not in the currency one. Money is a funny thing. To become a currency, something commonly accepted as having monetary value, requires confidence. This is true of any currency, but is especially of something like fiat paper, only backed by government decree, in contrast to gold which has been valued globally for thousands of years. Bitcoin, which isn't physical or backed by decree, is especially quirky in regards to confidence.
If people perceive the integrity of [bit]coins held as subject to too much risk of losing day to day value, due to double spend risk etc., they will not desire to hold them for longer periods of time, or eventually at all, meaning confidence could be lost in the currency completely.
I suspect people are not so concerned with the GHash situation because they appear to be on 'our side', and disrupting the network would run counter to their self-interest. However, there can be a limit to that threshold of trust.
I also believe people recognize there is a viable fallback in Litecoin, for example, if some short-term issue affects Bitcoin, because it's an entirely separate system. That's something I preached a lot about in the past. I would feel more nervous if there was only Bitcoin in which the community placed all its eggs.
No institutional investor is going to put millions of dollars into something that can be killed off by a few douchebags like Ghash, the huge sub $500 crash is coming very soon, no more than 5 days from now, you have to sell all of your GHash Coins now or you will lose your investment!
no more listen to those "bulls" lying to you to hold or buy more, we are now watching a bitcoin dead cat bounce, the price will go much lower after every bounce, that means after $1000 you see $800, after $800 you see $600, now after $600 you will soon see a $400(bounce from $3xx), then a $200 after $400, $100 after $200, etc... you lose all you have at the end
+ remind you one more thing, crackers and governments and shit having 1224k coins, mtgox 200k, fbi 174k, crackers: 850k
