BITCOINS - Could it be the end ????

Discussion in 'Digital Currencies' started by argento, Oct 3, 2013.

  1. argento

    argento Well-Known Member Silver Stacker

    Joined:
    Oct 7, 2011
    Messages:
    1,211
    Likes Received:
    103
    Trophy Points:
    63
    Location:
    Adelaide
  2. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,611
    Likes Received:
    4,396
    Trophy Points:
    113
    And there's another image of a pretend gold coin LMAO

    :rolleyes:
     
  3. mrg9grn

    mrg9grn New Member

    Joined:
    Aug 11, 2013
    Messages:
    461
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Adelaide
    I wonder what thos twin brothers are gonna do with there percentage now
     
  4. mrg9grn

    mrg9grn New Member

    Joined:
    Aug 11, 2013
    Messages:
    461
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Adelaide
    My bad i did fail englsh but not math
     
  5. beeteecee

    beeteecee New Member Silver Stacker

    Joined:
    Sep 6, 2013
    Messages:
    274
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    On a scale of 1 to 10, this is about a 1.5 on my could-this-be-the-end-of-bitcoinometer. Like every other movement/crash/rally it will fade into the overall trend, up, when you zoom out enough.

    http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zl

    I'm doubtful the site in question had all that high a volume and non-speculative influence on the price of btc anyway. It just made for great headlines, with the site being so brazen.
     
  6. Dabloodymess

    Dabloodymess Active Member

    Joined:
    Jul 7, 2010
    Messages:
    1,347
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Russia
    This paper linked from a forbes article (that was linked in the article posted) should be of interest to any using bitcoin for anonymous payments.

    http://cseweb.ucsd.edu/~smeiklejohn/files/imc13.pdf

    It seems this researcher has developed means to in part track transactions with bitcoin. She does offer some tips on keeping your transactions immune to snooping though, so this method is by no means widely useful. However given that these guys and whole other bunch of egg heads globally are busy working away on ways to track bitcoin payments, it does not bode well.

    I know anyone who questions the safety/anonymity of bitcoin regularly gets slammed as 'not understanding'. But very well known people involved in technology over the years have made predictions like the famous 'there is a global market for only 5 computers' and been badly wrong... some bitcoin champions may need to entertain the idea that a day may come (maybe sooner than they thought possible) when bitcoin will indeed become hackable and traceable.
     
  7. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    It's weird how many people are enthusiastic about this digital fiat currency. Although the idea is very original, if you take a look at the enormous price fluctuations, you'd rather have US dollars than Bitcoins.
     
  8. dozerz

    dozerz Well-Known Member Silver Stacker

    Joined:
    May 21, 2013
    Messages:
    2,248
    Likes Received:
    1,204
    Trophy Points:
    113
    Location:
    straya
    end? barely has begun...as the stackers say time to back up the truck :)
     
  9. Altima

    Altima Well-Known Member Silver Stacker

    Joined:
    Feb 7, 2013
    Messages:
    4,178
    Likes Received:
    58
    Trophy Points:
    48
    Location:
    Canada/Singapore
    One thing I never get is how stackers always have that saying "if you don't hold it you don't own it."

    BitCoin to me feels so much like a game of musical chairs. It's all fine and dandy now but when the music stops, how sure are you that you can cash out in time?
     
  10. beeteecee

    beeteecee New Member Silver Stacker

    Joined:
    Sep 6, 2013
    Messages:
    274
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    I agree short term although I read in a Forbes article that the US government will probably liquidate their stolen coins when the dust settles. Hopefully they do it on mtgox. :D
     
  11. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    580
    Trophy Points:
    113
    Not just 30,000 - DPR's personal wallet allegedly holds 600,000 coins (5% of all in circulation), and it's encrypted, so they haven't been able to seize them.

    Bet there's some pressure being out on him to divulge the private key.
     

Share This Page