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sullat posted:Who wouldn't want to live in the Amazon company town? with no way to get back to earth
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I would say that the big boys just slapped the poo poo out of the unsophisticated investors who think they have been in the casino for the last few months. It all looks like a well rehearsed choreography to me. Let’s see what has taken place: Massive bull run Futures markets are created (to allow profiting off of losses) Litecoin founder sells all his holdings at a massive profit right before a series of bad press hits the market and gets the ball rolling down hill. Big boys execute massive sell offs turning the hill into a cliff. The weak and the weary sell because they were playing with money they can’t stomach losing (and never thought they would). Oh and what do we have here? Some nice low prices to get back into the market? As I write this (09:50 CST 12/22/17), buy orders are rolling in in very large quantities on LTC ,and the prices are recovering significantly from their 24hr lows. Now who do you think is benefiting from this? I can tell you if you don’t have champagne in your orange juice this morning - it isn’t you. 28.8k Views ·
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Dec 26, 2017 02:51
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shitcoin(s)
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Dec 26, 2017 03:01
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I don't get any of this. You use your computer to solve a really hard math problem or something and are rewarded with a fake coin?
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Dec 26, 2017 03:44
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Grem posted:I don't get any of this. You use your computer to solve a really hard math problem or something and are rewarded with a fake coin? that is the long and short of it
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Dec 26, 2017 03:47
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Grem posted:I don't get any of this. You use your computer to solve a really hard math problem or something and are rewarded with a fake coin? except you're not solving an actually useful really hard math problem, you're just encrypting the log of transactions of fake coins
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Dec 26, 2017 03:47
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No, you use your computer to pick a random number and hope that number meets a specific requirement when it's hashed. You guess random numbers as quickly as you can on as many machines as you can. It's LITERALLY running its backbone on a lottery
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Dec 26, 2017 03:48
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hailthefish posted:except you're not solving an actually useful really hard math problem, you're just encrypting the log of transactions of fake coins Dude, my rig is breaking SHA-256, one coin at a time.
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Dec 26, 2017 03:49
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Sentient Data posted:No, you use your computer to pick a random number and hope that number meets a specific requirement when it's hashed. You guess random numbers as quickly as you can on as many machines as you can. It's LITERALLY running its backbone on a lottery No I’m a crypto hacker
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Dec 26, 2017 03:50
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wow that's even dumber than I imagined amazing
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Dec 26, 2017 03:54
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I wish they did this using MD-5.
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Dec 26, 2017 03:59
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Perfectly following the dead cat bounce trajectory. If it continues to match the bubble graph, it’ll bounce up to 16-18k, followed by a major price correction to 5k or so. That should all happen within the next month or two max.
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Dec 26, 2017 04:00
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The alternative is that they will test and break the 20k ceiling which will turn it onto a floor (doubtful) or test and fail to break the 20k ceiling repeatedly followed by a big gap down (possible). Or it’ll just move unpredictably because bitcoin is retardedly volatile.
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Dec 26, 2017 04:03
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Ruggan posted:Perfectly following the dead cat bounce trajectory. If it continues to match the bubble graph, it’ll bounce up to 16-18k, followed by a major price correction to 5k or so. That should all happen within the next month or two max. I thought that was the bull trap
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Dec 26, 2017 04:09
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Sentient Data posted:No, you use your computer to pick a random number and hope that number meets a specific requirement when it's hashed. You guess random numbers as quickly as you can on as many machines as you can. It's LITERALLY running its backbone on a lottery No way. This big ol' thread and cultural phenomenon can't be about something so retarded.
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Dec 26, 2017 04:11
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I wonder what happened to this guy? Man sells house to invest in bitcoin
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Dec 26, 2017 04:14
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Say Nothing posted:I wonder what happened to this guy? I’m not certain what my electric co-op would say if my bill went up 1000%. Is that an issue from an infrastructure or consumer residential perspective?
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Dec 26, 2017 04:19
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I bet they would say “wow! A Bitcoin captain of industry! We are lucky that they are steering us towards a brave new future, free from the yoke of bankers and government regulation. March on, Bitcoin Master!”
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Dec 26, 2017 04:21
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Comfy Fleece Sweater posted:I bet they would say “wow! A Bitcoin captain of industry! We are lucky that they are steering us towards a brave new future, free from the yoke of bankers and government regulation. March on, Bitcoin Master!” Checks for line splicing next morning
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Dec 26, 2017 04:22
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 Catch Phrase: Sorry Type: Mascot Name: The Quite one Real name: Marian Phoebe Nickname: Phobia (everyone) Mary (Sally) Items: A pencil or crayon and a notebook Killing methods : -She doesn't kill- Age: 12 Abilities: Can control spiders and swim really good Weaknesses: Talking, Meanness, and the scary man Bio: 7/12/2013 Marian had gotten in a argument with her mother over how her grades were dropping /it ended up being her brothers/, Marian being not kin to arguments ran outside and hid from her mother. Later on she comes out but, ends up being kidnapped by a older man in his late 20's, he ended up cutting her hair and dying it a Gingerbread brown and making her wear green contacts. She was then sold online to a bidder by the name 'ScaryMan' for 1,000,000 Bitcoins. To this she was tortured and raped multiple times by the scary man and was later killed on accident during a rough sex with a rope being tightly pulled around her neck to much. Scary man then took her nose away for a safe keep and stitched her mouth up to a smile before he buried her. She was then summon on accident by Essence.
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Dec 26, 2017 04:47
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Dec 26, 2017 07:32
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Dec 26, 2017 11:07
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Burt Sexual posted:I’m not certain what my electric co-op would say if my bill went up 1000%. Is that an issue from an infrastructure or consumer residential perspective? They'd probably think you had a major indoor grow.
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Dec 26, 2017 13:16
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Burt Sexual posted:I thought that was the bull trap The bull trap is a dead cat bounce. Same thing: short term recovery in a downtrend. https://www.investopedia.com/articles/00/101700.asp
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Dec 26, 2017 16:32
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Burt Sexual posted:MD-5.
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Dec 26, 2017 16:35
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Jikes posted:They'd probably think you had a major indoor grow. I thought that isn't even a thing anymore since you get LED lights that only put out the wavelengths that the plants need. Using like 1/100th of the energy
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Dec 26, 2017 17:05
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In further crypto news it seems that many coinbase customers have found their SEPA deposits held in pending by coinbase for weeks after they were recieved. That these incidents started occuring en masse around the time where people were cashing out into real money in droves because of the price boom is purely coincidental and you should in no way be concerned about any liquidity issues at trustworthy coinbase.
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Dec 26, 2017 17:15
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Well, thread, I have just found that I have a whole bitcoin in a wallet that I forgot existed on an exchange that I thought had vaporized. If I had remembered it six weeks ago, I'd have 20k, lol!  Offer me advice. I can't withdraw USD directly from Celery, and leaving it there isn't an option, they're shutting down and their security is such poo poo that I'm astonished the coin is even still there. I can transfer the balance, minus fees of course, to another exchange as either. Bitcoin, Litecoin, or Dogecoin. With Bitcoin fees through the roof, maybe Litecoin or  Dogecoin is a better value? And once I get it to my current exchange, do I cash out or do I, the proud owner of one whole Bitcoin, now HODL like a loving champ just to see what happens next? I'm trying desperately to remember where we are in this dead cat bounce. Bonus round: I get an equivalent amount of Bitcoin Cash on January 1st Edit: I'm a moran and this is slightly more than a quarter Bitcoin. A Bitcoin case quarter. Still would have been a lot more six weeks ago.
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Dec 26, 2017 18:22
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buy drugs with it
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Dec 26, 2017 18:24
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You should transfer it into another vegetable-based exchange and grow your investment.
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Dec 26, 2017 18:25
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Jikes posted:Well, thread, I have just found that I have a whole bitcoin in a wallet that I forgot existed on an exchange that I thought had vaporized. If I had remembered it six weeks ago, I'd have 20k, lol! Transfer to Litecoin then sell it off immediately. Move your BTC Cash to another exchange and rinse repeat, or let it ride if you want to keep gambling. Don't worry about fees since you basically just found a bunch of money in your jean's pocket.
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Dec 26, 2017 18:25
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So I saw a cousin who went to Stanford over the holidays and he's involved with the first cryptocurrency arbitrage firm. His take on crypto is that no one in finance is looking to solve the transaction time and security issues because those are complicated and difficult. Eventually they may be solved by computer scientists but not soon. Blockchain solved a byzantine problem in computer science and is mainly useful for pumping up user numbers because ICOs bring in rushes of users and cash. This isn't intrinsic to blockchain, it's just that blockchain as a marketing term is very attractive to investors at this point in time. By positioning themselves as the first arbitrage firm in this space they're hoping to make massive amounts of money. He thinks crypto could be as big as social media but only if the currently unconquerable problems are eventually solved. Until then it'll be a process of fleecing as many people out of their money as physically possible.
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Dec 26, 2017 18:27
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I'm just stunned. It's the first time I've ever been rewarded for financial carelessness, but I hear that happens sometimes. Johnny Aztec posted:buy drugs with it  What are litecoin fees like these days? And dogecoin apparently is one of the more solid ones, how does anyone take this poo poo seriously Jikes fucked around with this message at 18:31 on Dec 26, 2017 |
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Dec 26, 2017 18:27
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Solice Kirsk posted:Transfer to Litecoin then sell it off immediately. Move your BTC Cash to another exchange and rinse repeat, or let it ride if you want to keep gambling. Don't worry about fees since you basically just found a bunch of money in your jean's pocket. Do not rinse, and do not repeat. Get money and be happy with that.
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Dec 26, 2017 18:41
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Burt Sexual posted:You should transfer it into another vegetable-based exchange and grow your investment. this is a good one, thanks
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Dec 26, 2017 18:46
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Paladinus posted:Do not rinse, and do not repeat. Get money and be happy with that. Words of wisdom. There is no way I'm telling anyone I know in real life about this, it was stupid luck from a decision made two years ago but I know it'll get someone to put their money in it. Still, I'm tempted to keep like $500 or so in there, just to enjoy the crypto-investor ride. More thrills than Vegas! Am I understanding this bitcoin fork thing correctly? I get the same amount of Bitcoin Cash on January 1st, and I can transfer it to my current exchange and cash it out just like the other internet play money? And if that's right, how the hell are the exchanges affording and surviving this hit? It's like a stock split to your bank balance.
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Dec 26, 2017 18:50
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Shouldn't you also own some Bitcoin Gold? Wasn't that a fork as well?
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Dec 26, 2017 18:52
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Jikes posted:Well, thread, I have just found that I have a whole bitcoin in a wallet that I forgot existed on an exchange that I thought had vaporized. If I had remembered it six weeks ago, I'd have 20k, lol! Oh, NOW you believe in Bitcoin... You don’t understand the Soul of Bitcoin, you fool. You have to Hodl until you die. Otherwise you’ll never get any profits, just like you now did.
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Dec 26, 2017 18:53
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Jikes posted:Words of wisdom. There is no way I'm telling anyone I know in real life about this, it was stupid luck from a decision made two years ago but I know it'll get someone to put their money in it. Still, I'm tempted to keep like $500 or so in there, just to enjoy the crypto-investor ride. More thrills than Vegas! It's surviving by witch majicks. Just take your money and run if you don't wanna keep gambling.
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Dec 26, 2017 18:56
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Ccs posted:Blockchain solved a byzantine problem in computer science  what problem of the ages have computer science scholars been struggling with that was supposedly solved by blockchain?Paladinus posted:Do not rinse, and do not repeat. Get money and be happy with that.
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Dec 26, 2017 18:58
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