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Question: Will you support Gavin's new block size limit hard fork of 8MB by January 1, 2016 then doubling every 2 years?
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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1807343 times)
NotHatinJustTrollin
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April 18, 2015, 11:23:59 PM
 #22881

Somebody's gonna have a problem:


Is that Coinbase?

The same entity put a similar amount on the ask side, so...


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cypherdoc
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April 18, 2015, 11:48:52 PM
 #22882

So sickening:

http://www.washingtonpost.com/local/crime/fbi-overstated-forensic-hair-matches-in-nearly-all-criminal-trials-for-decades/2015/04/18/39c8d8c6-e515-11e4-b510-962fcfabc310_story.html
shmadz
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April 19, 2015, 02:06:01 AM
 #22883


Scandalous. Not surprising, but still, this is the kind of thing people should go to jail for, or at least get fired...

however, I expect no one involved in this scandal will even receive so much as a suspension.

Modern justice at its best.

< tinfoil hat time - this is probably intentionally leaked to provoke the elimination of the death penalty so that penitentiary for-profit institutions can collect more tax dollars and profits instead of killing their meal tickets.. /tinfoil>

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
Erdogan
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April 19, 2015, 02:29:02 AM
 #22884


Scandalous. Not surprising, but still, this is the kind of thing people should go to jail for, or at least get fired...

however, I expect no one involved in this scandal will even receive so much as a suspension.

Modern justice at its best.

< tinfoil hat time - this is probably intentionally leaked to provoke the elimination of the death penalty so that penitentiary for-profit institutions can collect more tax dollars and profits instead of killing their meal tickets.. /tinfoil>

...or... building on that: to apologize more direct killings from the police (criminals are never punished, so we need to put them down..)  The situation we have in Brazil
cypherdoc
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April 19, 2015, 02:53:42 AM
 #22885


Scandalous. Not surprising, but still, this is the kind of thing people should go to jail for, or at least get fired...

however, I expect no one involved in this scandal will even receive so much as a suspension.

Modern justice at its best.

< tinfoil hat time - this is probably intentionally leaked to provoke the elimination of the death penalty so that penitentiary for-profit institutions can collect more tax dollars and profits instead of killing their meal tickets.. /tinfoil>

...or... building on that: to apologize more direct killings from the police (criminals are never punished, so we need to put them down..)  The situation we have in Brazil


Just people with power always needing to be right to justify their existence.
cypherdoc
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April 19, 2015, 05:09:08 AM
 #22886

Somebody's gonna have a problem:


Ltc still didnt hit target it will be dragged down till it does

Nah
sidhujag
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April 19, 2015, 06:52:52 AM
 #22887

Somebody's gonna have a problem:


Ltc still didnt hit target it will be dragged down till it does

Nah
Could be coincedence but most of my targets usually cause strong reactions this was the final one in this bear. Could take months or a year..
Melbustus
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April 19, 2015, 07:43:29 AM
 #22888

Some variation of Peter R's theory still lookin' good:

Quote
Most or all of the missing bitcoins were stolen straight out of the MtGox hot wallet over time, beginning in late 2011. As a result, MtGox operated at fractional reserve for years (knowingly or not), and was practically depleted of bitcoins by 2013.
...

http://blog.wizsec.jp/2015/04/the-missing-mtgox-bitcoins.html?m=1


Also, increasingly seems like the below might be right:

...

I'm very curious if the Gox investigations are going to reveal that their insolvency has something to do with the 2011 hack. I think one possibility that people are overlooking is that perhaps the attacker snagged a whole bunch of code off Gox's servers, and then analyzed it later and found exploitable bugs that allowed the attacker(s) to subsequently bleed Gox over time.


Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
cbeast
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Let's talk governance, lipstick, and pigs.


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April 19, 2015, 10:59:11 AM
 #22889

And yet they still haven't learned to stop using Gox type exchanges.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
cypherdoc
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April 19, 2015, 03:34:07 PM
 #22890

Some variation of Peter R's theory still lookin' good:

Quote
Most or all of the missing bitcoins were stolen straight out of the MtGox hot wallet over time, beginning in late 2011. As a result, MtGox operated at fractional reserve for years (knowingly or not), and was practically depleted of bitcoins by 2013.
...

http://blog.wizsec.jp/2015/04/the-missing-mtgox-bitcoins.html?m=1


Also, increasingly seems like the below might be right:

...

I'm very curious if the Gox investigations are going to reveal that their insolvency has something to do with the 2011 hack. I think one possibility that people are overlooking is that perhaps the attacker snagged a whole bunch of code off Gox's servers, and then analyzed it later and found exploitable bugs that allowed the attacker(s) to subsequently bleed Gox over time.


Peter's is a good theory.  in fact, i take it one step further.  i think it was probably gvt agents who took it down from 17.5 to 0.002 at the time.

what a crazy way to accumulate coins, if it was indeed just a hacker.  if he had really stole source code, he would have just bled 100 coin lots over the next 3 yrs as was apparently done according to WizSec.  no drama.  i remember quite vividly watching the attack take place real time on what was then used, Sierra Charts.  it was a straight down spiral of the price with no intervening buys, just selling.  it reminded me of watching the Bear Stearns chart plummet in real time back in 2008.  it's indescribable seeing such a thing happen right before your very eyes.  it was so public and so obvious that the guy Kevin got identified immediately for having bought 259684 BTC for under $3000:

06/19/11 17:51  Bought BTC  259684.77 for 0.0101

https://bitcointalk.org/index.php?topic=20207.0

no, my bet is on gvt agents who were trying to destroy Bitcoin.  this board was covered with obvious trolls even back then and mtgox had just captured the public's attention for the first time with the run to 32.  since then, we have found out an astounding number of facts about NSA's unabashed unconstitutional actions to invade privacy and perform sabotage such as Stuxnet, Gemalto, Prism, Merkel's cellphone, etc, etc.  The SR agents were methodical, ruthless, and matter of fact about stealing SR coins acting with impunity.  doesn't seem to far a stretch that gvt agents would steal from mtgox while taking it down at the same time.  it would explain the radio silence on the whole issue as well as an attempt to bury the truth forever.
Erdogan
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April 19, 2015, 03:37:02 PM
 #22891

Some variation of Peter R's theory still lookin' good:

Quote
Most or all of the missing bitcoins were stolen straight out of the MtGox hot wallet over time, beginning in late 2011. As a result, MtGox operated at fractional reserve for years (knowingly or not), and was practically depleted of bitcoins by 2013.
...

http://blog.wizsec.jp/2015/04/the-missing-mtgox-bitcoins.html?m=1


Also, increasingly seems like the below might be right:

...

I'm very curious if the Gox investigations are going to reveal that their insolvency has something to do with the 2011 hack. I think one possibility that people are overlooking is that perhaps the attacker snagged a whole bunch of code off Gox's servers, and then analyzed it later and found exploitable bugs that allowed the attacker(s) to subsequently bleed Gox over time.


Peter's is a good theory.  in fact, i take it one step further.  i think it was probably gvt agents who took it down from 17.5 to 0.002 at the time.

what a crazy way to accumulate coins, if it was indeed just a hacker.  if he had really stole source code, he would have just bled 100 coin lots over the next 3 yrs as was apparently done according to WizSec.  no drama.  i remember quite vividly watching the attack take place real time on what was then used, Sierra Charts.  it was a straight down spiral of the price with no intervening buys, just selling.  it reminded me of watching the Bear Stearns chart plummet in real time back in 2008.  it's indescribable seeing such a thing happen right before your very eyes.  it was so public and so obvious that the guy Kevin got identified immediately for having bought 259684 BTC for under $3000:

06/19/11 17:51  Bought BTC  259684.77 for 0.0101

https://bitcointalk.org/index.php?topic=20207.0

no, my bet is on gvt agents who were trying to destroy Bitcoin.  this board was covered with obvious trolls even back then and mtgox had just captured the public's attention for the first time with the run to 32.  since then, we have found out an astounding number of facts about NSA's unabashed unconstitutional actions to invade privacy and perform sabotage such as Stuxnet, Gemalto, Prism, Merkel's cellphone, etc, etc.  The SR agents were methodical, ruthless, and matter of fact about stealing SR coins with impunity.  doesn't seem to far a stretch that gvt agents would steal from mtgox while taking it down at the same time.  it would explain the radio silence on the whole issue as well as an attempt to bury the truth forever.

Nice theory, I like it. Bitcoin responded with distributing trade over hundreds of bourses.
justusranvier
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April 19, 2015, 03:59:11 PM
 #22892

no, my bet is on gvt agents who were trying to destroy Bitcoin.  this board was covered with obvious trolls even back then and mtgox had just captured the public's attention for the first time with the run to 32.  since then, we have found out an astounding number of facts about NSA's unabashed unconstitutional actions to invade privacy and perform sabotage such as Stuxnet, Gemalto, Prism, Merkel's cellphone, etc, etc.  The SR agents were methodical, ruthless, and matter of fact about stealing SR coins with impunity.  doesn't seem to far a stretch that gvt agents would steal from mtgox while taking it down at the same time.  it would explain the radio silence on the whole issue as well as an attempt to bury the truth forever.
Would explain the persistent narrative about how the failure of Mt Gox still impacts the credibility of Bitcoin.

It's just part of the psyop.
lunarboy
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April 19, 2015, 06:10:30 PM
 #22893



Grexit seems almost inevitable these days.

http://www.theguardian.com/business/2015/apr/16/greece-moves-step-closer-to-grexit-after-imf-snub

After that all eyes will be on Spain and Podemos.

From a bitcoin perspective it seems self serving to cheer for currency crisis, but to my mind it appears to be the lesser of two evils. The Third option that nobody is talking about is a federal European union. I just can't see any member state willing to give up autonomy for "the good? of the union'  Huh
rocks
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April 19, 2015, 06:27:45 PM
 #22894

no, my bet is on gvt agents who were trying to destroy Bitcoin.  this board was covered with obvious trolls even back then and mtgox had just captured the public's attention for the first time with the run to 32.  since then, we have found out an astounding number of facts about NSA's unabashed unconstitutional actions to invade privacy and perform sabotage such as Stuxnet, Gemalto, Prism, Merkel's cellphone, etc, etc.  The SR agents were methodical, ruthless, and matter of fact about stealing SR coins with impunity.  doesn't seem to far a stretch that gvt agents would steal from mtgox while taking it down at the same time.  it would explain the radio silence on the whole issue as well as an attempt to bury the truth forever.

If true this would be the biggest endorsement of bitcoin I could imagine. It would mean that despite the government's best efforts and resources, they could not identify any mechanism to attack bitcoin even in it's early days, and so had to resort to attacking 3rd party intermediaries and not bitcoin itself. This implies that the bitcoin distributed computer is already hardened against large scale attacks. Of course it also means that governments are already seeking methods to attack bitcoin, and if they can not stop the DAC, regulation becomes the next obvious choice.
cypherdoc
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April 19, 2015, 06:33:04 PM
 #22895



Grexit seems almost inevitable these days.

http://www.theguardian.com/business/2015/apr/16/greece-moves-step-closer-to-grexit-after-imf-snub

After that all eyes will be on Spain and Podemos.

From a bitcoin perspective it seems self serving to cheer for currency crisis, but to my mind it appears to be the lesser of two evils. The Third option that nobody is talking about is a federal European union. I just can't see any member state willing to give up autonomy for "the good? of the union'  Huh

Good article demonstrating the ongoing fiat monetary problems that will never go away while continuing to fester beneath the surface. My favorite quotes:

" The IMF is a rules-based institution, Lagarde said. While all options were available, she added: “It’s clearly not a course of action that could be recommended in the current situation.”

Until they're not.

" Athens is waiting for the final €7.2bn payment under the second rescue package, but it has been held up after the new radical leftwing-led government scrapped previous commitments to privatise state assets and cut welfare."

Amazing display of parasitic behavior. Otoh, can I haz Santorini pleez?
BldSwtTrs
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April 19, 2015, 06:41:24 PM
 #22896

Guys, governments are structurally inefficient. Do you really think a bunch of bureaucrats could understand the potential of bitcoin back in 2011?

If governments were so smart and visionary, administered economy would work.
cypherdoc
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April 19, 2015, 06:44:36 PM
 #22897

Balaji Srinivasan seeing clearly. Any naysayers better think twice:

"One way to understand mining is that in return for doing transactions you get to add a direct deposit to yourself," Srinivasan said. "For a blockchain to exist, that token introduction needs to be there at least under the paradigm that we had."

Should such a system be capable of existing, he said, it hasn't been discovered.

"We think it's going to be bitcoin or nothing at the present time," he added.

"If we assume there are 10 million Google servers and each of these servers is running. You can multiply that through and you get about one petahash. If they turned off all their data centers and pointed them at bitcoin, they'd be less than 1% of the network," he continued."

"Are there legal issues? I think that was a reasonable concern in 2013, [but] I don't think that's a reasonable thing today," Srinivasan said.

http://www.coindesk.com/21-ceo-balaji-srinivasan-bitcoin-job-fair/
lebing
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Bitcoin: The honey badger of currencies


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April 19, 2015, 06:48:22 PM
 #22898



Grexit seems almost inevitable these days.

http://www.theguardian.com/business/2015/apr/16/greece-moves-step-closer-to-grexit-after-imf-snub

After that all eyes will be on Spain and Podemos.

From a bitcoin perspective it seems self serving to cheer for currency crisis, but to my mind it appears to be the lesser of two evils. The Third option that nobody is talking about is a federal European union. I just can't see any member state willing to give up autonomy for "the good? of the union'  Huh

I can't help but get giddy thinking of this house of cards so near to falling.

Bro, do you even blockchain?
-E Voorhees
Erdogan
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April 19, 2015, 06:50:26 PM
 #22899

Guys, governments are structurally inefficient. Do you really think a bunch of bureaucrats could understand the potential of bitcoin back in 2011?

If governments were so smart and visionary, administered economy would work.

Good point, but it can also be that some people know, but does not care to tell.
cypherdoc
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April 19, 2015, 06:50:54 PM
 #22900

Guys, governments are structurally inefficient. Do you really think a bunch of bureaucrats could understand the potential of bitcoin back in 2011?

If governments were so smart and visionary, administered economy would work.

Yes I do, especially when it comes to threats in monetary matters. They've demonstrated this understanding many times in the past ; Von Nothaus for one.

Did you ever think that the NSA had the capabilities they have been shown to possess from the Snowden documents? And most experts agree that those documents released in 2013 are at least 2 years old. Cracking into mtgox would have been trivial for them.
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