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Showing 20 of 217 results by techstorm2
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Topic
(Unknown Title)
by
techstorm2
on 25/01/2020, 02:24:00 UTC
My 1st 2 rigs, bit of a mess but cant find the time to build a case for them, running in my garage so cooling no problem.

Now switched to litecoin.

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Topic
Board Service Discussion
Re: Official Money Lost in Mt. GOX Thread
by
techstorm2
on 25/02/2014, 12:51:31 UTC
Gained 10000 through double spends! only joking!!    Grin
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Topic
Board Service Discussion
Re: Official Money Lost in Mt. GOX Thread
by
techstorm2
on 25/02/2014, 12:50:31 UTC
0$ and 0 BTC!  Grin


ditto

dont hold anything on exchanges
Post
Topic
Board Economics
Re: Price is going downhill !
by
techstorm2
on 25/02/2014, 12:46:26 UTC
Looks at all the cheap coins going to china, if you can believe fiatleak stats.

 Grin
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Board Service Discussion
Re: UPDATE: MtGox OFFLINE (good news)
by
techstorm2
on 25/02/2014, 12:40:11 UTC
In the medium to long term, that's absolutely correct

In the short term it is spooking a lot of late adopters with a shallow understanding of the btc protocol

Have you seen fiatleak, if the stats are correct, a tsunami of cheap coins are going to china.


 Grin
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Topic
Board Service Discussion
Re: What is the greatest lesson of MtGox?
by
techstorm2
on 25/02/2014, 12:34:40 UTC
Exchange is not a bank!
Never sleep with BTC on an exchange.
Send -> Negotiate -> Move your wallet.
Give preference to trade with more coins types, it becomes easier to exchange and have to where run.


Agree, i never leave anything on exhanges, if i lose it from my machine/wallet, its my F??K up only.

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Topic
Board Bitcoin Discussion
Re: IS everyone insane?
by
techstorm2
on 25/02/2014, 12:31:07 UTC
oh.

everyone wants regulation now -

WHEN THEY LOSE THEIR ASSES!

I feel no sympathy for anyone who would keep large amounts of BTC on any exchange.

I keep nothing on exchanges, if i lose them, its my F??K up, no one else to blame.


Post
Topic
Board Bitcoin Discussion
Re: I am pretty confident we are the new wealthy elite, gentlemen.
by
techstorm2
on 21/02/2014, 13:54:52 UTC
Dear 2018, sorry pussies, I bought Bitcoin at $600!!!! Lmao you're buying at $600,000??


What! you bought bitcoins, i mined mine, lol, only joking, good luck, cant wait for 2018.  Grin
Post
Topic
Board Bitcoin Discussion
Re: "‘Bad news is good news for Bitcoin" - nice article about BTC.
by
techstorm2
on 13/02/2014, 14:17:06 UTC
$10

are you crazy? Smiley

Do you realy want 10$ for BTC or you are only playing with us Tongue

that would be a huge crash. Bitcoin might never get up again from that crash.

So don't even think about it please.


Can you imagine how many buy orders will go through even if it got down to $100, $10 is not feasible, IMHO
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Topic
Board Bitcoin Discussion
Re: Situation under control!
by
techstorm2
on 13/02/2014, 13:53:42 UTC

I suggest - sell, buy, sell, buy, sell, buy

This is how I am doing.


Im contrarian, im doing buy, sell, buy, sell, buy, sell

 Grin
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Topic
Board Bitcoin Discussion
Re: BREAKING NEWS: Major Multinational Bank Trials Integration with Bitcoin
by
techstorm2
on 12/02/2014, 14:41:05 UTC
Post
Topic
Board Bitcoin Discussion
Re: JP Morgan Disses Bitcoin
by
techstorm2
on 12/02/2014, 13:38:35 UTC
Post
Topic
Board Bitcoin Discussion
Re: JP Morgan Disses Bitcoin
by
techstorm2
on 12/02/2014, 13:21:52 UTC
Why would we listen to the biggest crooks on the planet, here is a list of current JPM fines since 2010, these are the ones they were caught for or owned up to, god knows how many went hidden.

Get the FUD out of here, JP morgan.

Oct. 2013: $100 million: Agreed to pay a $100 million fine and admit to reckless conduct and market manipulation in connection with its 2012 "London whale" trading debacle, the Commodity Futures Trading Commission announced.

Sept. 2013: $920 million – Paid to the Federal Reserve, Securities and Exchange Commission, Office of Comptroller of the Currency and the United Kingdom's Financial Conduct Authority to settle claims about management and oversight of traders involved in the "London Whale" disaster. The bank also admitted wrongdoing in the trading episode, which caused roughly $6 billion in losses.

REPORTS: JPMorgan strikes tentative $13B mortgages settlement

Sept. 2013: $389 million – A total of $80 million in fines paid plus $309 million in refunds after regulators charged that more than 2.1 consumers were harmed by unfair billing practices that charged for credit monitoring services they did not receive. The settlement also covered allegations that consumers were harmed by mistakes in thousands of debt-collection lawsuits.

July 2013: $410 million – Penalties and repayments related to Federal Energy Regulatory Commission findings of alleged bidding manipulation of California and Midwest electricity markets from Sept. 2010 through Nov. 2012.

January 2013 and Feb. 2012: $1.8 billion – Two agreements in which JPMorgan joined other major banks in a nationwide settlement over allegations the institutions improperly carried out home foreclosures after the housing market crisis. JPMorgan also agreed to $3.7 billion for financially troubled homeowners and roughly $540 million in refinancing.

November 2012: $296.9 million – Paid to settle SEC allegations that the bank misstated information about the delinquency status of mortgages that served as financial collateral for a securities offering underwritten by the bank. JPMorgan received more than $2.7 million in fees on the offering, while investors sustained at least $37 million in losses.

August 2012: $1.2 billion – The bank's share of a broad settlement resolving a class-action lawsuits that alleged JPMorgan, other banks, Visa and Mastercard improperly conspired to set the price of credit and debit card interchange fees.

April 2012: $20 million – Paid to settle Commodity Futures Trading Commission allegations that the bank improperly extended credit to Lehman Brothers based in part on customer funds that were required to be kept separate.

August 2011: $88.3 million – Fines settling allegations by the Treasury Department's Office of Foreign Assets Control that the bank improperly processed transactions involving Cuba, Iran and Sudan.

July 2011: $228 million – Settling SEC allegations that the bank fraudulently rigged at least 93 municipal bond transactions in 31 states, generating millions of dollars in ill-gotten gains.

June 2011: $153.6 million – Penalties to the SEC in settling allegations that the bank misled investors about a collateralized debt obligation it marketed without telling them a hedge fund chosen the underlying collateral and made investment bets it would fail.

April 2011: $56 million – Paid to settle claims the bank overcharged active-duty service members on their mortgages. The agreement included $27 million in cash to approximately 6,000 military personnel, lower interest rates on soldiers' home loans and the return of homes taken in improper foreclosures.

June 2010: $48.6 million – Fine paid to settle allegations by Great Britain's financial regulator that the bank's London unit failed to maintain required separation between clients' accounts and JPMorgan funds.
Post
Topic
Board Speculation
Re: Bitcoin will plummet to $10 by first half of 2014
by
techstorm2
on 12/02/2014, 12:45:02 UTC
Even if it goes to that level i'll still be using it..! whats going wrong is most people just taking bitcoin as money making opportunity and forgetting why btc came to existence..! We need to think little deeper..!   

Theyre forgetting the underlying protocol is the game changer, not the currency.

2014/15 will be the year of the killer apps on top of the protocol.

Think HTTP as the protocol, appson top email/facebook/twitter/reddit/amazon/ebay
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Topic
Board Speculation
Re: Bitcoin will plummet to $10 by first half of 2014
by
techstorm2
on 12/02/2014, 12:42:53 UTC
Shows what education can do to the brain. Makes you unable to think outside of whatever dogma you were taught.





Some of the greatest minds ever have made the same silly mistakes by trying to predict the future.

"No one will need more than 637KB of memory for a personal computer. 640KB ought to be enough for anybody." --Bill Gates, co-founder and chairman of Microsoft

"There is no reason for any individual to have a computer in his home." --Ken Olsen, founder of Digital Equipment Corp.

"I predict the Internet 0x2026 will soon go spectacularly supernova and in 1996 catastrophically collapse." --Robert Metcalfe, founder of 3Com, inventor of Ethernet, tech pundit and columnist

"There is practically no chance communications space satellites will be used to provide better telephone, telegraph, television, or radio service inside the United States." --T. Craven, FCC Commissioner (said in 1961)

"There's just not that many videos I want to watch." --Steve Chen, CTO and co-founder of YouTube

"The Americans have need of the telephone, but we do not. We have plenty of messenger boys." --Sir William Preece, chief engineer, British Post Office

"Television won't be able to hold onto any market it captures after the first six months. People will soon get tired of staring at a plywood box every night." --Daryl Zanuck, film producer, co-founder of 20th Century Fox

"We will never make a 32-bit operating system." --Bill Gates, co-founder and chairman of Microsoft

Full story -  http://www.informationweek.com/it-leadership/12-worst-tech-predictions-of-all-time/d/d-id/1096169?page_number=12
Post
Topic
Board Economics
Re: New Price Peak incoming
by
techstorm2
on 12/02/2014, 12:37:48 UTC
Think the US stock market in 1987... look familiar?  Bitcoin has demonstrated an immense amount of strength in how it handled todays news. 2014 is gonna be a huge year br BTC, bigger than last year. 2000...5000?  There are so few bitcoins, and there will be so much money flowing into it, Currency prices are just ratios, big numbers mean nothing.  Most of the "reasons" why I hear BTC can't go much higher  just has to do with "how much higher can it go".  If Bitcoin were a stock I would say it's Appl at $10.  Lots of money has been made, especially if you bought in at $1.  But those who held on because they saw real value as opposed to a quick pump and dump were/will be the real winners.

BTC is an all or nothing sort of thing IMO.  Either something catastrophic like the encryption getting cracked will turn it into a failed experiment, or it will take its place as a truly market and world changing innovation in currency (among other things).

A currency whose value is solely determined by market forces, that is a better store of value than any other, as well as better transactionally, we just have to get the world used to it.  Which is ok, if everyone thought it was a sure thing there wouldn't be fortunes to be made.

If the encryption is cracked we have much bigger problems, like every online banking website, SSL, credit cards, tomahawk launch codes. Bitcoin would be easier to fix, we'd just fork to using SHA512 or something stronger.

Instruct miners that at X blocks we now use SHA512, changing bitcoin would be simpler than the other things which use SHA256.

my 2 cents
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Topic
Board Economics
Re: Killer app for bitcoin
by
techstorm2
on 12/02/2014, 12:33:38 UTC
Hello Everyone,
I was just reading a post of Edan Yago and I started thinking about this : Bitcoin still has not produced a killer app
Why don't we make a simple program which adds a bar-code to the end of each video for tipping the users, which is very easy to use by everyone. People producing video's will have the incentive to use it as they'll get money, people who really like some videos will have a chance to easily tip the producers and the community will benefit from the expanded adoption of bitcoin.
What do you think about it? Is there anyone interested in creating such a product?
Sincerely,
Shenol

What is a killer app?

A killer app is an application/program which drives mass adoption and makes the underlying technology ubiquitous.

examples

the spreadsheet was a killer app for PCs in usage in businesses.

my 2 cents
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Topic
Board Announcements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
by
techstorm2
on 12/02/2014, 11:00:36 UTC
Ive been mining for a couple of days on this using CPU and GPU, tried various pools, currently on stratum+tcp://cryptopool.cloudapp.net:9171   in my cgminer im showing 25000 accepted shares but not had any coins hit my wallet sine 10th feb, anyone know what im doing wrong?

 Sad
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Topic
Board Altcoin Discussion
Re: Thoughts on Max Keiser's coin (Maxcoin)
by
techstorm2
on 12/02/2014, 10:53:35 UTC
I personally believe the launch and coin were appalling. The value is now dropping so fast that the Devs and mk got their wish to create a perfect example of a pump and dump coin with no innovations.

Kudos to those that made money on it but for the majority, the frustrations of a messy and appalling launch made this coin all but impossible to mine. Added to that it was supposed to be CPU only and 30 mins before it's final launch cudaminer comes along giving some users unheard of hash rates with nvidia cards, the whole thing should serve as an example of everything that's wrong with crypto and the fact that greed and making a quick buck reigns supreme.

Anyways, that's my opinion on it and I doubt I will be agreed with Smiley

Ditto

appalling launch, i wasted 2 days on this frustrating shit!

No windows client even though a large % of miners use win 7.

unbelievably poor communications from the dev team. I had high hopes for this but was extremely disappointed.  Angry

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Topic
Board Bitcoin Discussion
Re: Petition for iPhone wallets
by
techstorm2
on 12/02/2014, 10:46:53 UTC
Over 120,000 people use a Bitcoin wallet on their iPhones and iPads.  Petition for Apple to rescind their ban.

Sign here:  http://chn.ge/1jiZQzi now!  Share with anyone you know and get the word out.

Signed!  Grin