Rampion
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Activity: 1148
Merit: 1018
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April 01, 2013, 09:01:31 PM |
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I think Proudhon is so rich in BTC that he finds a perverse joy in making predictions against his own interest. And if then indeed goes down, hey... He was right  |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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humanitee
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April 01, 2013, 09:26:10 PM |
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Wow, way to not let the only guy who knows a shred about Bitcoin talk. Nobody can explain it adequately in these terrible 6 minute time slots. It is rather unfortunate. |
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| Whitepaper
Medium
Reddit
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Cablez
Legendary
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Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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April 01, 2013, 09:30:28 PM |
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Its so hard to watch people who have no idea about bitcoin talk about it. |
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Richy_T
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Activity: 2422
Merit: 2112
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 01, 2013, 09:31:46 PM |
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It's not about discussing bitcoin. It's not even about putting down bitcoin. It's about talking smack and ratings. TV news has turned into the WWF. |
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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mccorvic
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April 01, 2013, 09:33:02 PM |
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Wow, way to not let the only guy who knows a shred about Bitcoin talk. Nobody can explain it adequately in these terrible 6 minute time slots. It is rather unfortunate. It's really a problem of letting "both sides" have an "equal" say. The news org wants to appear unbiased and thus compelled to let a nay-sayer on for this reason no matter what the subject, but what happens is that it is infinitely easier for the nay-sayer to just make-up facts or talking points on the spot without any thought and, thus, get more talking time. |
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The-Real-Link
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April 01, 2013, 09:42:23 PM |
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This wasn't appearing on Bitcoinity but someone, somewhere just did some insane buys. Listen to Bitcoin is perhaps a nice secondary source to see insanity if you wish.    None of those huge buys showed up on Bitcoinity so if it's not coming from Gox, then where? |
Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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thoughtfan
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April 01, 2013, 09:43:54 PM |
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Wow, way to not let the only guy who knows a shred about Bitcoin talk. Nobody can explain it adequately in these terrible 6 minute time slots. It is rather unfortunate. 'Wow' was my first reaction too. Yet if you think about it this seems to be what we need to be expecting really looking at what's come out in recent days. I think it's even worse in the US because all these shows seem to have cheerful dumb one (I guess supposedly representing their viewership), a supposedly more informed one whose job it is to give a neutral analysis, you've got one 'expert' for and one against. Of those only one will really understand for the simple reason the dumb one is dumb and won't get it, the 'informed' one will not stick his neck out but will want to sound knowledgeable whose focus is to ask questions that make him sound good but won't listen to the answers. The chances of finding an 'expert' against who understands basically anything about Bitcoin is slim because if you understand it you most probably 'get' it and therefore won't be against it and the poor expert 'for' might understand it well enough to make business decisions based on his confidence in his own understanding but might not be familiar enough with the dumbest questions to be able to sneak in the 'best' answers in the few second gaps between when they all are talking over one another. Way to go America  |
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solex
Legendary
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Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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April 01, 2013, 09:45:06 PM |
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Real-Link, What makes you so sure those big transactions aren't real-world purchases of products, or inter-wallet transfers?
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thoughtfan
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April 01, 2013, 09:47:24 PM
Last edit: April 01, 2013, 10:06:56 PM by thoughtfan |
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This wasn't appearing on Bitcoinity but someone, somewhere just did some insane buys. Listen to Bitcoin is perhaps a nice secondary source to see insanity if you wish. None of those huge buys showed up on Bitcoinity so if it's not coming from Gox, then where? If those big bubbles didn't have both a Bitcoin and Fiat figure in them then they are not exchange trades but Bitcoin transactions that have come from the BlockChain.info api. Most of those tiny bubbles with just btc prices too are the SatoshiDice betts being picked up. That is not to say they weren't currency exchanges - the LocalBitcoin and other off-exchange exchanges are going to show up but it could just as well have been someone transferring bitcoin from one wallet to another of his own, an international transfer or whatever. |
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The-Real-Link
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April 01, 2013, 09:50:49 PM |
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Ah, thank you. I thought the B with the Fiat price below was someone cashing out and they received that much fiat. There is still potential that all that coin could be used to buy, sell, or be used though. Sorry to spook the thread but hey, now we know what a 6K transfer on LTB looks like . |
Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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April 01, 2013, 10:03:53 PM |
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I think Proudhon is so rich in BTC that he finds a perverse joy in making predictions against his own interest. And if then indeed goes down, hey... He was right My theory is that proudhon made 100x his money by buying at 5c and selling it all at $5. Now he hurts from kicking himself so much. |
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mccorvic
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April 01, 2013, 10:07:18 PM |
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I think Proudhon is so rich in BTC that he finds a perverse joy in making predictions against his own interest. And if then indeed goes down, hey... He was right My theory is that proudhon made 100x his money by buying at 5c and selling it all at $5. Now he hurts from kicking himself so much. The question now is how high into triple-digits will we need to get until he starts warning us of "crash to double-digits!"? |
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Newscastix
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April 01, 2013, 10:09:21 PM |
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105.80 again!
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The-Real-Link
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April 01, 2013, 10:30:02 PM |
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Watched that CNBC clip. It seemed like they started off alright but they certainly didn't want to give the Expensify guy any chance of redemption at the end. That's too bad.
Let us mere nerds continue on then and maybe once we hit $500, they'll change their tune.
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Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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thoughtfan
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April 01, 2013, 10:46:35 PM |
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3rd highest volume day and all time highest green volume @ $8,450,532.23 ......and the day's not over yet (but I'm going to bed!) 
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thoughtfan
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April 01, 2013, 10:48:53 PM
Last edit: April 02, 2013, 03:12:41 AM by thoughtfan |
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And in the meantime the bid/ask sum ratio is creeping back up again as the ask sum drops off.  |
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BitcoinTate
Full Member
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Activity: 224
Merit: 100
DigiByte Founder
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April 01, 2013, 11:28:38 PM |
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Any thoughts on where we will be by this time tomorrow? $115? $125?
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- aka The "DigiMan"
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samson
Legendary
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Activity: 2097
Merit: 1068
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April 02, 2013, 12:40:02 AM |
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Any thoughts on where we will be by this time tomorrow? $115? $125?
I think $102-$109 if we're lucky. If lots more asks aren't placed above $109 I suspect it's going to turn very bad very quickly. |
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