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gerald's ghost is finding the afterlife pricier than he had anticipated
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Feb 3, 2019 14:04
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Smart contract deadman switch c’mon.
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Feb 3, 2019 14:06
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just read about quadrigacx lmbo
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Feb 4, 2019 01:40
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I absolutely agree that it's more likely that the quadrigacx team is running a scam, but how funny would it be if: - The password was held by only one person who died - They hand off the computer to a 'hacker' to try to guess his password (as they claimed) - He succeeds, moves the cold wallet to his personal files, then hands the computer back claiming he couldn't crack it. - 'Hacker' then immediately starts emptying the wallet.
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Feb 4, 2019 17:45
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Bobulus posted:I absolutely agree that it's more likely that the quadrigacx team is running a scam, but how funny would it be if: It's like a 4-way decision tree that all lead to 
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Feb 4, 2019 17:51
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Harveygod posted:It's like a 4-way decision tree that all lead to All roads lead to loss.jpg
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Feb 4, 2019 17:54
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Just made a QuadrigaCX post. Remember that time your bank manager died, and suddenly all your money was gone?
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Feb 4, 2019 23:59
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It’s like ready player one except sadder because the dude might not be dead and you’re trying to win your own money
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Feb 5, 2019 00:35
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He said the password was under a big "W" and they had a madcap race to find it.
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Feb 5, 2019 04:34
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Hey it’s me! The guy who left 100k for his dogs but had to get my body incinerated immediately in India rather than pay to fly it home
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Feb 5, 2019 08:02
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smellmycheese posted:Hey it’s me! The guy who left 100k for his dogs but had to get my body incinerated immediately in India rather than pay to fly it home This is totally Not a Scam tm. Nothing to see here, move along. Hey have you heard of this great new investment opportunity? It's called crypto currency and it's the FUTURE!
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Feb 5, 2019 08:15
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The headlines about quadriga losing hundreds of thousands in customer funbux are extremely misleading, the hundreds of thousands figure is how much the exchange owes its users, when in reality it hasn't held >100 BTC in months and had been matching withdrawals with new deposits to appear solvent while the owners have been bleeding the exchange dry.
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Feb 5, 2019 08:57
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Feb 5, 2019 11:29
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https://www.bloomberg.com/news/articles/2019-01-25/bitcoin-is-worth-less-than-the-cost-to-mine-it-jpmorgan-says 'frisbee on the roof' scenario is here?
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Feb 5, 2019 11:42
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thoughts and prayers posted:https://www.bloomberg.com/news/articles/2019-01-25/bitcoin-is-worth-less-than-the-cost-to-mine-it-jpmorgan-says Powershift posted:The hashrate is back up to where it was in July 2018.
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Feb 5, 2019 11:50
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Sim Swapping - all the cool kids are getting caught doing it.
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Feb 5, 2019 14:18
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A shitcoin, the least likable currency, has become a sponsor of Red Bull Racing, the least likable Formula 1 team https://www.businesswire.com/news/home/20190205005454/en/FuturoCoin-Unveiled-Partner-Aston-Martin-Red-Bull
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Feb 5, 2019 14:24
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https://arstechnica.com/information-technology/2019/02/researcher-counts-the-reasons-he-wants-cryptocurrency-burned-with-fire/?comments=1
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Feb 5, 2019 17:49
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thoughts and prayers posted:https://www.bloomberg.com/news/articles/2019-01-25/bitcoin-is-worth-less-than-the-cost-to-mine-it-jpmorgan-says Frisbee on the roof won't happen.
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Feb 5, 2019 19:44
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A few weeks ago I saw a homeless guy with a hat that said "hodl" on it and had a Bitcoin logo. Seems like appropriate clothing. Did that weirdo ever eat his dick when Bitcoin didn't bounce back by the end of 2018?
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Feb 5, 2019 21:29
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So, I'm guessing Gerald Cotten either isn't dead or never existed. Which one is more likely?
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Feb 5, 2019 21:51
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EL BROMANCE posted:So, I'm guessing Gerald Cotten either isn't dead or never existed. Which one is more likely? Deep down inside, aren't we all Gerald Cotten? He was in our hearts all along.
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Feb 5, 2019 21:54
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wilderthanmild posted:A few weeks ago I saw a homeless guy with a hat that said "hodl" on it and had a Bitcoin logo. Seems like appropriate clothing. no he’s running for president now
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Feb 5, 2019 21:56
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I am Gerald Cotten.
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Feb 5, 2019 22:06
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I am Gerald Cotten.
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Feb 5, 2019 22:09
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No I am Gerald Cotton
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Feb 5, 2019 22:14
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klafbang posted:Frisbee on the roof won't happen.
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Feb 5, 2019 22:15
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Gobbeldygook posted:Yeah. The "frisbee on the roof" problem assumes that people are using bitcoin but if bitcoin suddenly becomes really slow a lot of people will stop using it. The users of bitcoin that care about 10 minute vs 100 minute transaction times are not particularly relevant. and remember that we saw this already - in late 2017, Bitman and BTC.COM were loving around with moving mining to Bitcoin Cash, and the BTC block time was up to an hour at times. it didn't matter to anyone, because all the action is on the exchanges
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Feb 5, 2019 23:26
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Jack Dorsey, the guy in charge of Twitter despite knowing gently caress all about why people even like or use Twitter. Turns out the reason he doesn’t understand his own website is because he doesn’t understand anything. https://twitter.com/jack/status/1092920168060088320?s=21
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Feb 6, 2019 00:48
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If there is a "frisbee on the roof scenario" wouldn't it cause issue after a few weeks even with exchanges? Won't the ledgers so out of date that it will start creating problem similar to a 51% attack because we wont know who has what? Or is bitcoin so insane that it went beyond fiat money and you do not need to confirm who has what anymore and it only matter what the exchange "have" and result in situation like before where exchange just "make up bitcoin"?
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Feb 6, 2019 01:21
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Bleusilences posted:If there is a "frisbee on the roof scenario" wouldn't it cause issue after a few weeks even with exchanges? Won't the ledgers so out of date that it will start creating problem similar to a 51% attack because we wont know who has what? Or is bitcoin so insane that it went beyond fiat money and you do not need to confirm who has what anymore and it only matter what the exchange "have" and result in situation like before where exchange just "make up bitcoin"? no. it would not say when someone got a 51 percent.There is no reason to do it
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Feb 6, 2019 01:29
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Parkingtigers posted:Jack Dorsey, the guy in charge of Twitter despite knowing gently caress all about why people even like or use Twitter. Turns out the reason he doesn’t understand his own website is because he doesn’t understand anything. lol
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Feb 6, 2019 01:30
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Jack Dorsey is top tier in the list of worst people on the Internet
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Feb 6, 2019 01:33
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Bleusilences posted:If there is a "frisbee on the roof scenario" wouldn't it cause issue after a few weeks even with exchanges? Won't the ledgers so out of date that it will start creating problem similar to a 51% attack because we wont know who has what? Or is bitcoin so insane that it went beyond fiat money and you do not need to confirm who has what anymore and it only matter what the exchange "have" and result in situation like before where exchange just "make up bitcoin"?
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Feb 6, 2019 01:39
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Gobbeldygook posted:No. An exchanges has some bitcoin and their own centralized internal ledger that says "The Vampire King owns of our three of our five hundred bitcoins while the Dread Pirate Tim owns 0.35783 of our bitcoins". The only time they must interact with The Global Ledger is when bitcoin goes in or out of their system and delays are normal. If 95% of bitcoin mining went offline overnight and the average transaction time went to 200 minutes, they'd just tell their customers "it may take up to a day for a withdrawal to process thank you suck my dick". lol
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Feb 6, 2019 01:40
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Gobbeldygook posted:No. An exchanges has some bitcoin and their own centralized internal ledger that says "The Vampire King owns of our three of our five hundred bitcoins while the Dread Pirate Tim owns 0.35783 of our bitcoins". The only time they must interact with The Global Ledger is when bitcoin goes in or out of their system and delays are normal. If 95% of bitcoin mining went offline overnight and the average transaction time went to 200 minutes, they'd just tell their customers "it may take up to a day for a withdrawal to process thank you suck my dick". So business as usual, got it.
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Feb 6, 2019 01:43
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Exchanges would be at a much greater risk of someone executing a successful double spend attack, just like it happened with Bitcoin Gold.
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Feb 6, 2019 01:47
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Gobbeldygook posted:No. An exchanges has some bitcoin and their own centralized internal ledger that says "The Vampire King owns of our three of our five hundred bitcoins while the Dread Pirate Tim owns 0.35783 of our bitcoins". The only time they must interact with The Global Ledger is when bitcoin goes in or out of their system and delays are normal. If 95% of bitcoin mining went offline overnight and the average transaction time went to 200 minutes, they'd just tell their customers "it may take up to a day for a withdrawal to process thank you suck my dick". So the coin exchange uses a non crypto ledger? Too loving good
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Feb 6, 2019 03:06
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Gobbeldygook posted:No. An exchanges has some bitcoin and their own centralized internal ledger that says "The Vampire King owns of our three of our five hundred bitcoins while the Dread Pirate Tim owns 0.35783 of our bitcoins". The only time they must interact with The Global Ledger is when bitcoin goes in or out of their system and delays are normal. If 95% of bitcoin mining went offline overnight and the average transaction time went to 200 minutes, they'd just tell their customers "it may take up to a day for a withdrawal to process thank you suck my dick". 
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Feb 6, 2019 04:20
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Goodpancakes posted:So the coin exchange uses a non crypto ledger? Too loving good Of course. The only way a decentralized system to work is to centralize it. This is why Bitcoin will be the global currency of the future.
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Feb 6, 2019 05:04
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