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Author Topic: the dirty secret behind bitcoin  (Read 3462 times)
adamstgBit
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June 01, 2012, 01:55:46 AM
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           No one knows what will happen next



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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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ajk
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June 01, 2012, 02:01:44 AM
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are you trying to entice people to sell here? its been stable for the longest ive been following bitcoin for Up seems to be the only direction in my eyes

then again what do I know I only have 15 posts!!! Shocked
notme
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June 01, 2012, 02:02:43 AM
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           No one knows what will happen next




Anybody want to sell at 5.25?


https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
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June 01, 2012, 02:03:03 AM
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I don't understand this.
cypherdoc
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June 01, 2012, 02:12:09 AM
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I don't understand this.

you're not alone.
adamstgBit
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June 01, 2012, 02:13:36 AM
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did you guys not see the video someone made a few weeks back? "the dirty secret behind bitcoin"

Blazr
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June 01, 2012, 02:16:35 AM
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did you guys not see the video someone made a few weeks back? "the dirty secret behind bitcoin"

Nope, link?

Busy ATM.
goxed
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June 01, 2012, 02:16:46 AM
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video someone made
Link please

Looking to review Bitcoin / Crypto mining Hardware.
adamstgBit
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June 01, 2012, 02:17:01 AM
 #9

ops he called it "Bitcoins a Year Later"
http://www.youtube.com/watch?v=9yHGMTIsXlA

he looks at the crazy bubble / early adopter unfairness


I'm saying we should look at the support we saw in Aug 2011

in the most desperate hour of bitcoin's history, Aug 2011 we saw support at 6$ and rise to 10$,
what dose that tell you?




dree12
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June 01, 2012, 02:19:28 AM
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ops he called it "Bitcoins a Year Later"
http://www.youtube.com/watch?v=9yHGMTIsXlA

he looks at the crazy bubble / early adopter unfairness


I'm saying we should look at the support we saw in Aug 2011
That was not a support; it was a rebound. There is no bubble. This time, it's another stair in steady growth.
proudhon
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June 01, 2012, 02:22:39 AM
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Wuh, huh?
cbeast
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June 01, 2012, 03:46:07 AM
 #12

I don't understand this.

you're not alone.
Even with the link I still don't understand this.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
waspoza
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June 01, 2012, 07:28:31 AM
 #13

Quote from: adamstgBit
No one knows what will happen next

But but, u said next will be $8.

ops he called it "Bitcoins a Year Later"
http://www.youtube.com/watch?v=9yHGMTIsXlA

Ah, famous Albanian socks guy.
da2ce7
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June 01, 2012, 08:00:24 AM
 #14

 Cry  I somehow still don't understand this thread.

One off NP-Hard.
proudhon
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June 01, 2012, 01:16:44 PM
 #15

Cry  I somehow still don't understand this thread.

Me either.
Brunic
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June 01, 2012, 06:29:45 PM
 #16

ops he called it "Bitcoins a Year Later"
http://www.youtube.com/watch?v=9yHGMTIsXlA



It reminds me of the drunk bald guy with the yellow t-shirt of last year that was spamming the web with his shitty videos.
herzmeister
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June 01, 2012, 08:01:52 PM
 #17


It reminds me of the drunk bald guy with the yellow t-shirt of last year that was spamming the web with his shitty videos.

omg thanks for the reminder! almost forgotten him! where has he gone? can't seem to find any of his vids

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
miscreanity
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June 01, 2012, 08:23:23 PM
 #18

What the 2011 bounce highlights is a potentially strong technical level based on a trading perspective, not much more.

As for the video - there was nothing in it to suggest the poster had any fundamental understanding of the Bitcoin network, only it's behavior in relation to other traditional investments. The whole rehash of early adopter 'unfairness' sob story is immature and naive.

Regarding value, the argument of bitcoins not having any value is also a load of ignorant claptrap. There is no universal interpretation of value. A number like 7610598101114116121 has no more meaning than 自由 to anyone who doesn't have a reference point, and so might be claimed as 'valueless'. Yet with an appropriate understanding, both communicate information. Without context, their value is unknowable.

What is worthwhile is the suggestion that volume is as important as price, if not more so. The differences are more pronounced on a weekly scale, and it can be seen that large outflows of USD in the mtgoxUSD charts are often met with an even greater shift in bitcoin holdings. To me, that suggests there is an interest in accumulation of bitcoins, outweighing the preference for USD. This is especially evident from late 2011 to now, where relatively small shifts in exchange rates result in comparatively large transfers of bitcoin holdings.

omg thanks for the reminder! almost forgotten him! where has he gone? can't seem to find any of his vids

Fools fade fast Smiley
herzmeister
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June 01, 2012, 09:17:32 PM
 #19


 Cheesy

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
MoonShadow
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June 01, 2012, 09:36:58 PM
 #20

I wonder how long this guy is going to keep this video up.  I doubt that he will ever acknowledge bitcoin's virtues no matter how successful it is in the future.

"grandpa, can I have some bitcoins for my birthday?  I want to buy a new game."

"No! bitcoins are not money!  They don't have any value, even if someone else thinks that they do!"

"But grandpa, no one takes paypal anymore!"

"Here, have some real money!  I know I've got some dollar bills around here somewhere."

"Grandpa, no one takes paper anymore except to roll dope!"

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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