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Showing 17 of 17 results by oliveforever
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Re: delete
by
oliveforever
on 23/09/2014, 20:23:13 UTC
Checkpoints would require a TW attack to start after the CP, and is a manual intervention.  The devs probably did it to help restore calm more than anything else.

I wasn't disagreeing with you in my prior post (hadn't even read your post yet), because I meant the TW attack could intermix the legitimate and attack chains from the CPs forward.

I like disagreements.  It often means I am about to learn something, which generally makes my day.

I think you have the concept accurately.  Any miners with current code (that include the CP) will not honor a chain having a block at the height of the CP that doesn't match the CP hash, but from there forward, it is open season once again.

I think we need a community started for Monero Miners to share their CP, to be sure they all have the legitimate copies.
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Re: delete
by
oliveforever
on 23/09/2014, 19:54:26 UTC
MEW - dressed up bitcoin foundation. Despite what is wrote certain entities are aiming to control Monero at the top like puppetmasters.
Eschew this if you know what is best for the coin.

MEW is not part of the Monero core team, and we are not part of MEW. They have zero control over the decisions the Monero core team make, and no influence on us. They are always welcome to make suggestions (as anyone can) and we appreciate the financial support, but that is where the line starts and ends.

Of course MEW have influence on Monero core team.  You visit Rpietila for Pinot Grigio and pole cigar smoking sessions regularly.
You mean to say your good buddy, the guy at the top of the Monero pyramid with uncuntainable ego won't be tempted whisper softly anything in your ear for his own agenda?
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Re: delete
by
oliveforever
on 23/09/2014, 19:38:22 UTC
Speaking as one of the Monero core team members, I can assure you that there will NEVER be a Monero Foundation. If anyone starts something like that we will reject it, and will encourage the community to reject it.
....
the development and future of Monero will be as decentralised as the cryptocurrency itself.




Quote
MEW is:
- a voting system for XMR holders to vote proportionally to their holdings, and
- the project platform for XMR enthusiasts to take action based on the decision of the community.

Who belongs to it now?
It is not yet established, but we have and initial workgroup of about 15 people, developing the thing, distilling the vision and discussing the practicalities

...

What is required for joining?
Short answer: that you are interested XMR holder with a significant holding (at this stage 2,000-5,000 XMR) or even more interested, if the holding is smaller.


Is it possible to become an anonymous member?
...

To become an executive, a background check and reputation thread test will be conducted.

Membership fee.. Sound familiar?


4. Rather high percentage of all moneros outstanding are owned by the people in the group;



MEW - dressed up bitcoin foundation. Despite what is wrote certain entities are aiming to control Monero at the top like puppetmasters.
Eschew this if you know what is best for the coin.
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Re: The Truth About Monero's Risto Pietila (rpietila XMR)
by
oliveforever
on 23/09/2014, 16:18:53 UTC
My greatest contribution to bitcoin economy was the calculation that 1 Bitcoin is worth $300,000 U.S. Dollars

That suddenly became this

The most egregious prediction I actually have made, is the belief that Bitcoin would reach $300,000 by the end of 2013. Because I believed this myself, I went nearly all-in when the price was $100, and sold a few months later to buy a castle and other nice things. So I was wrong with the number but right on the timing.

Now we have this (notice similarities and inconsistencies?) Did he buy at $3 like he said there? $10, like he said otherwise, or $100 like he said above? - Also about him being present in 2010- Complete lie.

I thought about investing a few months, and when decided to invest, the high price delayed it an additional few months. Bought in starting at $3 and made my first meaningful exit at $675, trading here and there.

Currently I am more interested in Monero, though. Monero makes me feel like Bitcoin in 2010, tons of potential and a $6MM market cap. I actually was there so I can compare the feeling. It will become really big, 1000x gain just to match what Bitcoin is now.


http://barnapkinmemoirs.com/wp-content/uploads/2014/07/picard-facepalm.jpg

You could not make this shit up...

Risto buys over 200,000 XMR. Now he intends to pump n dump again with same tactic. He tells everyone it will rise 1000x (netting him ~350 Million dollars if that were to become true  Roll Eyes  )

What do you think he will do? Same as he did before which pre-emptively dump on all the noobs who were suckered into his honeytrap and insane predictions backed up by nothing more than fantasy and wishes. Already we have a small army of bagholders.

  The man is unstable, infesting the altcoin subsection with his latest cashgrab. Fluffypony, mircea popescu's asslicking troll buddy, watch out for these disinformation merchants also. Do not believe for a second they do not have sustained paid PR campaign on this forum.

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Re: delete
by
oliveforever
on 23/09/2014, 16:02:40 UTC
My greatest contribution to bitcoin economy was the calculation that 1 Bitcoin is worth $300,000 U.S. Dollars

That suddenly became this

The most egregious prediction I actually have made, is the belief that Bitcoin would reach $300,000 by the end of 2013. Because I believed this myself, I went nearly all-in when the price was $100, and sold a few months later to buy a castle and other nice things. So I was wrong with the number but right on the timing.

Now we have this (notice similarities and inconsistencies?) Did he buy at $3 like he said there? $10, like he said otherwise, or $100 like he said above? - Also about him being present in 2010- Complete lie.

I thought about investing a few months, and when decided to invest, the high price delayed it an additional few months. Bought in starting at $3 and made my first meaningful exit at $675, trading here and there.

Currently I am more interested in Monero, though. Monero makes me feel like Bitcoin in 2010, tons of potential and a $6MM market cap. I actually was there so I can compare the feeling. It will become really big, 1000x gain just to match what Bitcoin is now.


http://barnapkinmemoirs.com/wp-content/uploads/2014/07/picard-facepalm.jpg

You could not make this shit up...

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Re: delete
by
oliveforever
on 23/09/2014, 15:42:01 UTC
He was posting that as evidence that everything was running as planned, not trying to make false claims.

It is sad that this thread has turned to be worship of me, but since the matter has surfaced:

The Haikko conference for me was more like a dream.

Lol, you barefaced liar. It was a nightmare for you!

http://paste.ee/p/nv6e1#ETTSpaJkqv5t4RM4kJ2vh9qw6kieSf8z

You legitimately tried to sue the hotel for 10 million euros ~100,000 BTC at the time
because you forgot your laptop in the sauna and the staff were walking around
You suspected the staff members of hacking you, you suspected the other attendees of conspiring against you.
you went CRAZY. bonkers crazy.
you were then taken into pyschiatric ward in finland shortly afterwards against your own will. literally had no shoelaces and no access to sharp cutlery for your own safety.

I am currently detained in a psychiatric institution in Helsinki

that was your manic phase. 1 million USD per BTC phase. Now you tell everyone the same old shit with XMR- that it will reach few thousand dollars.. 35 biillion dollar market cap? you are crazy.

I don't hate you for your issues, but warn investors to be careful. You wouldn't take trading advice from a schizophrenic bum on the street, so don't do it on forums


I will have to eat medication, though. .... As long as I do eat them, I will probably not be able to see the revelation of Bitcoin going to $300 per mBTC. But who cares, since my absence cannot in any way prevent it from doing just that, and I already had a difficult time with seeing so many truths where not many of the others saw them!


So from 15:00 I will be denied communication, and the prevention is to take away my communication equipment.

The meeting with the doctor ended in a mutual agreement that I am too manic to continue posting on this forum.


I think it's time to take away your communication equipment again. You are again entering your manic phase, risto

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Re: delete
by
oliveforever
on 23/09/2014, 15:20:33 UTC
.
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Re: delete
by
oliveforever
on 23/09/2014, 14:58:35 UTC
...snip

Nobody will care brother
but with all due respect predicting 1 milllion USD per bitcoin within 7 months (as rpietila did), and within 30 years are two vastly different things.
So his predictions are less than worthless to me. Now I notice him making same crazy nonsense predictions about Monero which he says will have over 30 billion dollars in market capitilization? Do you know if this is true he will earn more than 350 million dollars? if he just keeps his current stash and not buy more? I know now to stay WELL away from this


Warren Buffet , Carlos Slim , Zuckerburg and many more billionaires work very hard for many hours a day.What for?
(not saying Rpietla is in the same catagory (yet?) but it proves a point.



Sorry but pumping altcoins @ polo trollbox does not put you more than 1/3 of the way to billionare status.
It's easy money but not that easy yet.

anyone can see his BTC to 1 million dollars by 2013 prediction was at best a wildly optimistic fantasists concotion, (probably why he was booked into that padded room) or at worst a downright manipulative lie designed to seperate the greedy and the foolish from their money. Apply the same to his current BS prediction. I will happily put down funds to bet otherwise if he can put his money where his mouth is.
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Re: delete
by
oliveforever
on 23/09/2014, 13:18:12 UTC
...snip
But All that time he was predicting a million dollars PER bitcoin by the end of last year. He got is so wrong it's too big to ignore. he was detained in mental clinic afterwards. you could accumulate thousands upon thousands of BTC easily not so long ago. The only hard part was holding on to them.
 ...snip

maybe you are right- and maybe not.
But in 30 years and assuming bitcoin does become all that it can ,who will care if he was off on his prediction by a few years?



Nobody will care brother
but with all due respect predicting 1 milllion USD per bitcoin within 7 months (as rpietila did), and within 30 years are two vastly different things.
So his predictions are less than worthless to me. Now I notice him making same crazy nonsense predictions about Monero which he says will have over 30 billion dollars in market capitilization? Do you know if this is true he will earn more than 350 million dollars? if he just keeps his current stash and not buy more? I know now to stay WELL away from this
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Re: delete
by
oliveforever
on 23/09/2014, 12:59:13 UTC


Risto could buy all XMR in existence with his stash of BTC, you dont know what you are talking about and should ask for return of money for your 101 psychology course. You failed.

Where is his stash? Where is proofy?


He is a poor man stuck in a rich mans lifestyle, before he emulated it:


http://i.imgur.com/JiYOga7.jpg

Obviously not his car. Then he sold some BTC to buy a castle to refurbish it and stock the wine and cigar cellar and actually live like he is rich.
 Monero core team are invited to stay so they all lick ass. The rest of the poorfags are in awe at this guy who can afford to live in a castle out of buttcoins
they see rich and follow blindly so they can be led down the path to fortune too.

I don't know what you want. want me to give awards to a guy who brought in at $10 and sold at $700?

It's a good trade, who can deny?

But All that time he was predicting a million dollars PER bitcoin by the end of last year. He got is so wrong it's too big to ignore. he was detained in mental clinic afterwards. you could accumulate thousands upon thousands of BTC easily not so long ago. The only hard part was holding on to them.

There are plenty like him without so much ego. Plenty who are around long before. Those that remember BTC well before dollar parity are not so quick to follow the advice of self-proclaimed BTC oligarchs flaunting their wealth because it was so easy to obtain. And his predictions catastrophically overreaching-

 Those who do not know history's mistakes are doomed to repeat them
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Re: delete
by
oliveforever
on 23/09/2014, 12:29:36 UTC
Anonymint, in reply to you deleted post

https://pbs.twimg.com/media/BldQ7P2CEAAbtQm.png

This is szabo.The reason gavin andresen pic shows up when searching for szabo is what is known as SEO (not a conspiracy)
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Re: delete
by
oliveforever
on 23/09/2014, 12:10:42 UTC
Rpietila calculates that if crypto-currency can be used by even a small segment of the world's population, then the market cap has to rise to those lofty levels.

He genuinely believes that. It is not some ploy.

My disagreement with him is that there are other powerful interests trying to be the one to spread electronic money globally, e.g. Apple Pay, Paypal, and now even IBM is going to fork Ethereum.

Something amazing is going to happen, it just isn't clear yet whether we small investors can be part of it or not.

We developers need to do everything within our abilities to make it so.

So rpietila may or may not choose the correct horse and racetrack. But he will not be wrong about electronic currency taking over globally.

He's might be right about crypto taking over but criminally wrong in the magnitude and timeline of his price predictions

And you are just an attacker of XMR. You are one of the individuals along with BCX who caused the price to crash without concrete evidence, now you are stepping backwards on your exaggerated claims, along with him. Just as predicted.  They were only intended to create FUD and drive the markets down.
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Re: delete
by
oliveforever
on 23/09/2014, 12:03:47 UTC
The fact is risto made a colossal fuck up in predicting 1 Million USD BTC price within 2014

Technically not yet, but in any case this wasn't anywhere near as colossal a fuck up as you claiming that making bad predictions is a crime.



That was a typo, he actually predicted 1 Million USD per Bitcoin by the end of 2013. (later he backed out and predicted $300,000. Don't be silly what he said was much worse.

The 10-30% weekly increase in adoption (weekly % growth of the # of bitcoin users), will turn this discussion completely ridiculous before the end of this month:
January: 10, February: 20, March: 40, April: 80, May: 160, ... December 20480.
Even the above contains more valuable advice than most said in this thread, although it is public knowledge that this kind of behaviour cannot just increase exponentially. It will go parabolic, crash, and repeat. Not only I believe it will go to $1M this year, I have not heard very many good arguments from anyone, what can hinder it  Huh

I am a perma-bull like you, but you are really overstating the trend!
It is indicating $200 by the end of 2013, $500 by May next year and $1000 at the end of next year. Still fantastic growth  Smiley

http://farm9.staticflickr.com/8257/8705727117_15e8d4e2dd_b.jpg



XMR looks really strong in the market. I've been accumulating the past 5 days and seen with my own eyes the buy support grow from 60 to 300+ btc. Meanwhile the price is only up less than 50% from the bottom and still less than the average over time.

It is easy to see a continued uptrend from here.

Monero price is not cheap even now, but it will not stay this cheap for long


http://barnapkinmemoirs.com/wp-content/uploads/2014/07/picard-facepalm.jpg


we're NOT hitting $1 Million this year.

Holders will be too horny not to Profit take and make a lot of money before the price is anywhere near $1,000,000

Only about 1.5 million bitcoins in speculative (fiat-denominated) hands now. All the rest are owned by the likes of me, I am not selling any bitcoins below the long term realistic value of $300k/BTC (except in anticipation of a correction and purchase of more bitcoins).


Guess what, he sold well before that (600 dollars is a way of from 300 thousand dollars, no guys?? ) to by real-estate to refurbish.
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Re: delete
by
oliveforever
on 23/09/2014, 11:57:47 UTC
I do remember rpietila specifically recommending some fairly conservative ratios with regard to speculations in XMR vs holdings in BTC. So many of these people who have seemingly gone 'all in' have done so against the advice of people they're supposed to be following.

True, I remember that. I think the number was something like 40/1 but I might be mistaken. It was definitely a recommendation to keep your XMR exposure limited relative to BTC and also I think to keep your BTC exposure limited as well.

It is funny how people cherry pick the quotes they want to make a point and ignore others.

Quote
I expect that things will calm down with regard to Monero rhetoric after all that has happened in the last month. The amount of drama has been unparalleled and spawned zealotry on both sides.

I hope you are right!

Quote
People should always remember that many of the people they follow are already wealthy individuals who can afford to lose. Just because they speculate on something doesn't mean that you should too. Everyone needs to be in control of their own personal financial situation and take some responsibility.

Well said, especially the part about other people you may follow being wealthy and not to be copied by others in a very different position.

Nice post!




The fact is risto made a colossal fuck up in predicting 1 Million USD BTC price within 2014 to his followers before he was involuntarily detained in pyschiatric facility in finland. (He sold before the peak)

Now he is again in his manic phase- he predicts XMR will go up a thousand times. Surely he will be back in padded cell again soon, not before dumping his load all on unexpecting noobs
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Re: delete
by
oliveforever
on 23/09/2014, 11:10:26 UTC
I think it is a punishable crime to attach a website or a service?

Market manipulation and stock fraud are also crimes.

WTF?!

Predictions, even wild and stupid ones are not market manipulation or fraud. (Also coins are not stocks, a relatively minor, but not entirely insignificant point.)

Also, even if you weren't completely clueless on the above points, how would this relate at all to a DDoS on a business?

See

Maybe there is a third person involved, trying to profit and buy cheap.

This aspect should not be forgotten. Basically, the price of 1 XMR was 361-366 before the attack. Before the debacle, it actually was around 400. Using these as a baseline, just evaluate what is the % risk that Monero suffers from the attack, and how much, or is there even the chance to emerge out stronger.


DDOS supposeduly impacted the price of XMR.
Well guess what, It works both ways.

He has made announcements on trollbox the price will spike shortly due to a 4 minute phone call he is having, added large buy walls only to pull them away and lie about the future prices based on nothing but fantasy on occasions- he claimed 1 Monero will be few thousand dollars, Just like he claimed BTC will be worth 1 million dollars. Both are lies only told to bring suckers in. He cash out long before. One is driving the price up, the other driving the price down, both are criminal
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Re: delete
by
oliveforever
on 23/09/2014, 11:01:21 UTC
Market manipulation and stock fraud are also crimes.

I hope we can create an anonymous world where they are not provable crimes.

Humans are always competing in any way they can. This is nature. Nature is not a crime. It just is.

I am suffering from some stupid decisions in life that put me in situations of higher risk and thus now am blind in one eye, have an (supposedly incurable) infection which usually results in head and throat cancer and automunity. I have symptoms that is underway. So nature has been tough of me, but I accept nature. I prefer my freedom (to destroy myself), than a guarantee hell of collective insurance.

Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety.

    Benjamin Franklin, Historical Review of Pennsylvania, 1759
    US author, diplomat, inventor, physicist, politician, & printer (1706 - 1790)

I'm sorry but I listened to him and invested into Bitcoins and lost large sums of money. (It was my own choice to invest, acknowledged)
I now have followed his second pump, I entered at the wrong time . He announced it was going up and I'm at a big loss again.
Again it was my own choice, I am responsible but beware listening to his insane price predictions because it's evidenced he will pull the tablecloth from underneath you.
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Re: delete
by
oliveforever
on 23/09/2014, 10:43:57 UTC
well if I was Poloniex and I was really attacked I would go after whoever tried to take me down.

I think it is a punishable crime to attach a website or a service?

Market manipulation and stock fraud are also crimes.

XMR looks really strong in the market. I've been accumulating the past 5 days and seen with my own eyes the buy support grow from 60 to 300+ btc. Meanwhile the price is only up less than 50% from the bottom and still less than the average over time.

It is easy to see a continued uptrend from here.

Monero price is not cheap even now, but it will not stay this cheap for long


http://barnapkinmemoirs.com/wp-content/uploads/2014/07/picard-facepalm.jpg


For those that don't know, last year rpietila was predicting 1 BTC will be valued 1 Million USD by the end of 2013.  (Which he later adjusted to "just" $300,000. You can find numerous references to his bold claims with your friend google

The 10-30% weekly increase in adoption (weekly % growth of the # of bitcoin users), will turn this discussion completely ridiculous before the end of this month:
January: 10, February: 20, March: 40, April: 80, May: 160, ... December 20480.
Even the above contains more valuable advice than most said in this thread, although it is public knowledge that this kind of behaviour cannot just increase exponentially. It will go parabolic, crash, and repeat. Not only I believe it will go to $1M this year, I have not heard very many good arguments from anyone, what can hinder it  Huh

I am a perma-bull like you, but you are really overstating the trend!
It is indicating $200 by the end of 2013, $500 by May next year and $1000 at the end of next year. Still fantastic growth  Smiley

http://farm9.staticflickr.com/8257/8705727117_15e8d4e2dd_b.jpg



That was whilst he was in a manic phase, during which his behavior on these forums, as well as in real life caused much sensation and is well documented for those interested in using the search function.

He was subsequently involuntarily hospitalized in a psychiatric facility, diagnosed with Bipolar Affective Disorder, with multiple delusions of grandeur.

Despite telling many Bitcoin is heading to 1 Million USD he sold off significant portions below that level.
A moderate 50,000 USD purchase at the time of his market entry would have netted 5 million USD cashing out at 1000.

Now, he returns making the same crazy claims XMR (By the way, he was not invested in bitcoin in 2010. This is another one of his delusions.)

Currently I am more interested in Monero, though. Monero makes me feel like Bitcoin in 2010, tons of potential and a $6MM market cap. I actually was there so I can compare the feeling. It will become really big, 1000x gain just to match what Bitcoin is now.

This pump-master, the largest Monero holder is now luring a new set of invididuals into his honey-trap, making a number of false statements and ludicrous price targets backed by NOTHING. Enter into this scheme at your own peril.