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Showing 20 of 39 results by eric345
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Re: [2014-01-29] The Emerging Bitcoin Civil War
by
eric345
on 05/02/2014, 21:54:04 UTC
The Emerging Bitcoin Civil War.  Huh

It looks more like a start of a classic divide and conquer tactic.

So many things that are suggestive and untrue in that article..

Anyway, if regulation did work for the commercial sector we didn't need bitcoin in the first place.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
eric345
on 10/12/2013, 19:48:24 UTC

Is it diesel or lpg for you?


Bwaahaha..   Cheesy

Nah.. seriously.. i was glad to have work to do today, because it was pretty boring in truth.

It's not funny man!!! It's a critical choice for us in Greece! Our all-knowing government (and the EU along with it) are at the brink of completely banning commuting!!!  Roll Eyes Shocked

How, huh? What?

I like to think I'm usually informed about European politics (EU uber alles! jk.), but what is this about? How can anyone "ban" commuting? Or are they cutting commuting subsidies?

Care to explain? (I have friends in Greece I could ask, but I'm too lazy to write Cheesy)

It's 1.63 per liter of gasoline here, or $8.44 per gallon of it! Do you need more explanation?

€1.63?
That's expensive, but not that much.
Norway, oil-producing country has it at ~NOK15/l (~€1.79/l)

Land of SHELL (Netherlands) it's € 1,765, or € 1,834 for super.
In Saudi Arabia it's € 0,087.
http://www.fuel-prices-europe.info/

Life must be good as a oil importer with your own refinery.
http://www.shell.com/global/aboutshell/contact-us/contact/contact-saudiaarabia.html

But, I prefer bitcoin  Grin

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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
eric345
on 09/12/2013, 20:01:52 UTC

I don't think he gives a solitary fuck about any part of Bitcoin besides the price.

I don't think he gives a solitary fuck about ANYTHING besides himself... I don't like these type of guys like him. Angry

Apparently he got a lot of people into gold and silver just before the bubble popped.

I can't agree with that.
http://www.youtube.com/watch?v=rIP4YGXo8Nk&feature=player_detailpage#t=1041

17:20 They explain that they're promoting gold&silver against inflation and, initially, bitcoin as a hedge against gold&silver manipulation.
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Re: 2013-12-04 nutech.nl (ANP): Nout Wellink: 'Bitcoin worse than Tulip mania'
by
eric345
on 07/12/2013, 15:11:00 UTC
Why do people comparing tullips with bitcoin  Roll Eyes?.

Back in the 17th century, rich people in Holland bought tullips to show off their wealth. The tullips had to be imported from Turkey, they where rare.
Back then, having tullips in your garden is the same thing as having a Lamborgini in front of your house. Looks nice, but it's kind of useless. Nothing more, nothing less.

Oh btw, back then we had gold and silver coins. With other words, there was no reason to store your wealth in flower bulbs.
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Re: 2013-11-28 NBC News: Virtual currency bitcoin bursts through real $1,000 barrier
by
eric345
on 28/11/2013, 13:48:32 UTC
Same message hit Dutch national news last night. Great press coverage!

RTLZ / RTL business (private news coop) is less positive. Actually it's quite negative.

3 RTLZ headlines from today (roughly translated);

Schoenmaker: 'bitcoins zijn uiterst vaag en uiterst riskant'
Schoenmaker: bitcoins are very vague and extremely risky

'Bitcoin zal niet lang onder ons blijven'
Bitcoin won't stay long among us.

'Als belegger zou ik snel uit bitcoins stappen'
As an investor I should step out of bitcoins as soon as possible

http://www.rtlnieuws.nl/economie/home/bitcoins#node_554256

They probably get sponsor money from big banks...
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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
eric345
on 23/10/2013, 19:23:13 UTC
Google trends image. What exactly is fueling this rally? This tells me it's old money doing the same all over.

http://i.imgur.com/KWVGz4R.png



maybe there is a service called "baidu trends"?

Zero trade fees in china is fueling this pump/fake-rally.

Zero trade fees are what's called "free market." So I have no idea why you think that would distort the market.
It's pretty easy to fake volume when there are no financial constraints to doing so. Don't you think? A single whale can repeatedly buy and sell his own coins. (That's not to say the market won't roll over him or that this is what is happening)

Sure you can manipulate volume. How will that help in manipulating price?
You don't think manipulating volume can affect price action? Re price manipulation, that would depend on how much of the coins/fiat on the exchange is controlled by the whale. Is it impossible that one could drive up the inter-exchange rate this way? Or would he just be run over by arbitrage? I don't really know, I'm just brainstorming...

No one can arb using an exchange located in a country that has capital controls!!!  Go ahead try to move fiat money out of China... and you thought Gox was hard...

I'm pretty sure people can arb. After all lots of the people who have money in stuff like OKPay & LibertyReserve were Chinese. Obviously if you can get money into those types of things you can use similar approaches to arb.

http://thegenesisblock.com/wp-content/uploads/2013/10/btc-usd.png
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Re: 2013-10-08 TheTimes.co.uk - Beware turning drug dealers into folk heroes
by
eric345
on 08/10/2013, 15:00:27 UTC
The title is correct, but the rest is a biased opinion.
Technically speaking, the pirate behind sr. wasn't a drug dealer, he was a broker. The pirate sr programmer made a platform so that drug dealers could sell there stuff on-line, with a third party for save transactions.
Second, it's not just about politics, it's a lot more than that. For example, in the medical encyclopaedic cannabis is a medicine, but it's a illegal product in most countries. Same thing with opium. Besides that, the most lethal drugs, like herion, are created by pharmaceutical companies, or government controlled research departments.
Sr. gave people the option to choose between the two.
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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
eric345
on 29/05/2013, 23:42:22 UTC
Fuck Godwin, you can play that game with any iconic figure (infinite monkey theorem?). I know that it's a slipperyslope fallacy. I'm just saying that fear is a bad advisor and that certain propaganda can be vey harmful. (Maybe I should just have said that in the first place:)).
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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
eric345
on 29/05/2013, 22:46:46 UTC
I wish you "bulls" would put your money were your mouths are and start BUYING!!  At least we'd have some action.  As far as I can tell, that's why you hate FUD...because you're so easily shaken in your faith.

FUD is what placed Hitler to power.
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Re: 2013-5-29 Sovereign Man: Is this the next shoe to drop for Bitcoin?
by
eric345
on 29/05/2013, 22:06:44 UTC
lets face it, the only reason BTC is at $130 is because its a shelter for criminal money. If you think otherwise I may have a bridge you maybe interested in buying.

There's at least 21 Trillion dollar stored in taxhavens.

The world's super-rich have taken advantage of lax tax rules to siphon off at least $21 trillion, and possibly as much as $32tn, from their home countries and hide it abroad – a sum larger than the entire American economy.

In fact, some experts believe the amount of assets being held offshore is so large that accounting for it fully would radically alter the balance of financial power between countries. The French economist Thomas Piketty, an expert on inequality who helps compile the World Top Incomes Database, says research by his colleagues has shown that "the wealth held in tax havens is probably sufficiently substantial to turn Europe into a very large net creditor with respect to the rest of the world."
http://www.stwr.org/globalization/the-price-of-offshore-revisited.html

That's a shelter!
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Re: 2013-05-21 Could an Inside Sneak Attack on Bitcoin Destroy It?
by
eric345
on 25/05/2013, 00:32:34 UTC
Yep, he is.
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Re: Is this a coordinated attack?
by
eric345
on 13/04/2013, 02:32:14 UTC

The bankers don't support libertarian technology as pet projects and if it was one of theirs you'd see hints of their mindset in the design of the project itself.

In addition, no central banker could ever conceive of releasing a decentralized currency and diminishing their own power. It's like imagining that a priest would tell people to just go start their own religion.

Why not? Central bankers are just trying to de-legitimatize the idea of decentralized currency. Why not release their own version of one, then smack it down to prove a point.

For them, that's like opening pandora's box.
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Re: Stop freaking out. We lost 2 weeks & returned to a sane exponential line.
by
eric345
on 11/04/2013, 23:23:26 UTC
Now I know how it feels to play high stakes poker  Grin. I'm used to swings, but not this large. The last 2 weeks was real rollercoaster.
Still up overall, so I can't complain.
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Re: get out your tin foil hats
by
eric345
on 11/04/2013, 20:45:29 UTC
What do we have?
-Crypto currencies are a threat to fiat.
-Mass media creating momentum with there bubble-crash articles.
-Multiple sites under attack.
-Goverment controlled botnets (stuxnet, flame, etc)
I also believe that TPTB don't give up there power without a fight. They have a motive.

I dunno. Fuel enough for some theories.
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Re: get out your tin foil hats
by
eric345
on 11/04/2013, 20:44:55 UTC
What do we have?
-Crypto currencies are a threat to fiat.
-Mass media creating momentum with there bubble-crash articles.
-Multiple sites under attack.
-Goverment controlled botnets (stuxnet, flame, etc)
I also believe that TPRB don't give up there power without a fight. They have a motive.

I dunno. Fuel enough for some theories.
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Re: get out your tin foil hats
by
eric345
on 11/04/2013, 20:28:22 UTC
What do we have?
-Crypto currencies are a threat to fiat.
-Mass media creating momentum with there bubble-crash articles.
-Multiple sites under attack.
-Goverment controlled botnets (stuxnet, flame, etc)
I also believe that banksters don't give up there power without a fight. They have a motive.

I dunno. Fuel enough for some theories.
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Re: 2013-04-10 Bitcoin Bubble Bursting in Real Time on the Internet
by
eric345
on 10/04/2013, 22:13:16 UTC
Good, now if all of the articles say that the Bitcoin bubble popped, their future articles talking about a bubble will be even more silly.

I thought that the bubble popped back in 2011.
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Re: Youre Being Lied too (crash)
by
eric345
on 10/04/2013, 21:54:19 UTC
Quote
Is Bitcoin open to value manipulation?

The current low market cap of Bitcoin means that any investor with deep enough pockets can significantly change/manipulate the rate. Is this a problem?

This is only a problem if you are investing in Bitcoin for short period of time. A manipulator can't change the fundamentals, and over a period of 5-10 years they will win over any short term manipulations.
https://en.bitcoin.it/wiki/FAQ#Is_Bitcoin_open_to_value_manipulation.3F
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Re: Mistakes you made...
by
eric345
on 10/04/2013, 21:22:27 UTC
I removed my lowball buy order a couple of days ago.
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Re: Wall Observer - MtGoxUSD wall movement tracker
by
eric345
on 10/04/2013, 21:03:54 UTC
As for the price action... trollolol. It'll be even harder to keep the bubble going after this wake-up call.

It'll burst, then you'll get time to make up fantasy stories, and when the bust sets in there'll be drama for everyone.


Ok, I guess this is my cue to take you down a notch.

-After an 85% increase in 3 days, a 50% "crash" is nothing more than a minor correction.
-It didn't even break a rolling week's low
-We're back at the price we were a few days ago.

It absolutely ASTONISHES me to think people actually see this as a "bubble popping."


Besides the manipulation (ddos), these things are just growing pains.