evoorhees (OP)
Legendary
 Offline
Activity: 1008
Merit: 1021
Democracy is the original 51% attack
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August 02, 2012, 08:25:57 PM |
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BAM, $10 bitches!
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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jwzguy
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August 02, 2012, 08:28:44 PM |
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Vod
Legendary
Offline
Activity: 3696
Merit: 3073
Licking my boob since 1970
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August 02, 2012, 08:32:02 PM |
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BAM, $10 bitches!
It started climbing after Bitcoinica shut down - is that a coincidence? (Not trying to start anything - serious question - I'm all for higher values) |
https://nastyscam.com - landing page up https://vod.fan - advanced image hosting - coming soon! OGNasty has early onset dementia; keep this in mind when discussing his past actions.
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epetroel
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August 02, 2012, 08:40:50 PM |
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BAM, $10 bitches!
It started climbing after Bitcoinica shut down - is that a coincidence? (Not trying to start anything - serious question - I'm all for higher values) I'd say quite possibly yes. With bitcoinica, if you thought bitcoins were going to go up, you could buy them (leveraged if you wanted to). If you thought Bitcoin was a giant ponzi and you wanted to short them, you could do that too. Without bitcoinica, if you think bitcoins are going up, you can still buy them. But if you think they are going down, you now have no way to short. Of course you can sell what you have, but that eliminates a whole swath of people who want to short and don't have any bitcoins. |
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jwzguy
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August 02, 2012, 08:50:01 PM |
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****$11****
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yochdog
Legendary
Offline
Activity: 2044
Merit: 1000
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August 02, 2012, 08:51:44 PM |
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I am a trusted trader! Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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jwzguy
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August 02, 2012, 08:53:48 PM |
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Might be time to take out that 5.5% bank loan and stop shorting BTC yoch. Disclaimer: not that it's any of my business. |
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edd
Donator
Legendary
Offline
Activity: 1414
Merit: 1001
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August 02, 2012, 08:55:37 PM |
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My thoughts exactly. I'm more than a little concerned about the ramifications.  |
Still around.
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01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
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August 02, 2012, 09:02:29 PM |
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BTCoom!!!
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kiba
Legendary
Offline
Activity: 980
Merit: 1014
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August 02, 2012, 09:12:21 PM |
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Must be a bubble!
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paulie_w
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August 02, 2012, 09:18:47 PM |
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do we know _ANYTHING_ about why?
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kiba
Legendary
Offline
Activity: 980
Merit: 1014
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August 02, 2012, 09:19:23 PM |
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do we know _ANYTHING_ about why?
Probably not? |
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brunozisterer
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August 02, 2012, 09:20:13 PM |
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Market Cap >100,000,000 USD
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yochdog
Legendary
Offline
Activity: 2044
Merit: 1000
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August 02, 2012, 09:37:01 PM |
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But if you think they are going down, you now have no way to short.
Borrow Bitcoins. Sell Bitcoins. Congrats, you are now short. Seriously, I LOLed about this...... |
I am a trusted trader! Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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dovewing2000
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August 02, 2012, 09:56:15 PM |
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But if you think they are going down, you now have no way to short.
Borrow Bitcoins. Sell Bitcoins. Congrats, you are now short. Seriously, I LOLed about this...... That's just one part of short... you wait til it goes below 10 and buy back the coins.. and u keep the difference.. that's the short... |
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check_status
Full Member
Offline
Activity: 196
Merit: 100
Web Dev, Db Admin, Computer Technician
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August 02, 2012, 09:57:11 PM |
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Market Cap >100,000,000 USD
You should use the American trillion instead.  So, how many pre-ordered the BFL ASIC SC at ⊅6? If they waited they could've bought 2.  |
For Bitcoin to be a true global currency the value of BTC needs always to rise. If BTC became the global currency & money supply = 100 Trillion then ⊅1.00 BTC = $4,761,904.76. P2Pool Server List | How To's and Guides Mega List | 1 EndfedSryGUZK9sPrdvxHntYzv2EBexGA |
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unclemantis
Member
Offline
Activity: 98
Merit: 10
(:firstbits => "1mantis")
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August 02, 2012, 10:02:18 PM |
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11 12 13!!!
I sold a few at 9.89. I am keeping hold of my bitcoins!
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herzmeister
Legendary
Offline
Activity: 1764
Merit: 1007
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August 02, 2012, 10:04:11 PM |
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up uP UP !!!1  |
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paulie_w
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August 02, 2012, 10:10:42 PM |
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never selling.
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