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Topic: Bitcoin hacked? Cryptography broken? Banned US and EU? or everybody just crazy? (Read 3406 times)

legendary
Activity: 1778
Merit: 1008
yea, that... that totally sounds reasonable, banning end to end encryption. uh huh. i'll get right on supporting that for my country!

or... perhaps not.
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
China thinks David cameron and NY are going to ban Bitcoin shortly.

There's some noise about UK banning all crypto, ALL crypto, not just coins. "It's only for terrists" etc.

I don't think it's cryptocurrencies specifically just encryption, which is going to be difficult because of course all sorts of technology falls under that category, as I've said before I think it's David Cameron tryig to appeal to his social conservative base, unfortunately I'm probably going to have to take a closer look at what the politicians are planning on this.

Cameron wants to ban end-to-end encryption so that his spy-agencies can (continue to) snoop on everyone. This affects messaging apps, email etc.
Bitcoin is not affected, though they will want to de-anonymize all transactions eventually.

Good luck with that, Cameron Clown, especially when you are voted out in 4 months time.
legendary
Activity: 1540
Merit: 1000
China thinks David cameron and NY are going to ban Bitcoin shortly.

There's some noise about UK banning all crypto, ALL crypto, not just coins. "It's only for terrists" etc.

I don't think it's cryptocurrencies specifically just encryption, which is going to be difficult because of course all sorts of technology falls under that category, as I've said before I think it's David Cameron tryig to appeal to his social conservative base, unfortunately I'm probably going to have to take a closer look at what the politicians are planning on this.
legendary
Activity: 1176
Merit: 1011
crashes happen in markets from time to time.  it happens at the nyse, ftse, tokyo, hongkong.. etc..  what makes crypto markets different?
So essentially you're saying: just like other markets, the only rationale here is the lack of rationale amongst people. Hence the occasional crash with no legit reason in particular.
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

You miss that Bitcoin mining is based on wrong assumptions. What until hashrate drops 2-fold if the flaw is not obvious to you.

Can you please explain this to me as if I were a 7 year old?

Translation: CFB wants you to buy NXT as it's a PoS coin.
hero member
Activity: 518
Merit: 500
Hodl!
China thinks David cameron and NY are going to ban Bitcoin shortly.

There's some noise about UK banning all crypto, ALL crypto, not just coins. "It's only for terrists" etc.
newbie
Activity: 35
Merit: 0
Just shut that bad noize about Bitcoin. Too big companies and investors entered the game during 2013 year.
legendary
Activity: 1540
Merit: 1000
Yep, it's all mass hysteria, no one really has any proof for the bullshit they're peddling, I suspect some of them are just trying to take advantage of the Bitstamp hacking, the others just don't know any better.
legendary
Activity: 1096
Merit: 1067
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?



China thinks David cameron and NY are going to ban Bitcoin shortly.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?



The rational is the high inflation - the crash is fully expected and 100% rational.

The people calling this back in November/December have been called names and labeled 'trolls'.

You've been on the forum for a month.
It's about perspective. We are still in the early stages on Bitcoin and inflation is necessary in the beginning. A decade from now (after a couple of halvings), people are going to wish they were around in 2015 (and earlier).

dont worry, he's just trolling.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
Big hodlers getting out of the market and maybe a reverse willy bot acting somewhere.

Or maybe Bitstamp is doing it to avenge the hack, so the hacker will get less money in the end.

or maybe bitstamp doing it to make it easier to pay back the stolen BTC.  Grin.

j/k
legendary
Activity: 1260
Merit: 1019
Quote
...but I do not get reason for double attack...
The reason is dollars.
Nobody cares about the value of bitcoin anything when he is able to make profit in dollars.
legendary
Activity: 924
Merit: 1002
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

You miss that Bitcoin mining is based on wrong assumptions. What until hashrate drops 2-fold if the flaw is not obvious to you.
Simple.
There will be 50% of power
- not suitable for mining
- switched off
- at zero cost
- ready for doublespending attack


I understand that mechanism, but I do not get reason for double attack. What will be benefit, the trust in the system will destroy whole value.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?



crashes happen in markets from time to time.  it happens at the nyse, ftse, tokyo, hongkong.. etc..  what makes crypto markets different?
sr. member
Activity: 311
Merit: 250
legendary
Activity: 1260
Merit: 1019
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

You miss that Bitcoin mining is based on wrong assumptions. What until hashrate drops 2-fold if the flaw is not obvious to you.
Simple.
There will be 50% of power
- not suitable for mining
- switched off
- at zero cost
- ready for doublespending attack
hero member
Activity: 658
Merit: 500
This is interesting.

https://blockchain.info/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

It is hashrate chart .

13.1.2015 there was 358.478.251 GH/s, 14.1 it fell to 229.513.534 GH/s and today it´s back at 345.363.222 GH/s.

I hope we do not face 51% attack from some major pool.



Do you even know how those network's "Hashrates" are derived from?

Because it seems you're just a clueless fcktard.
sr. member
Activity: 406
Merit: 250


I hope we do not face 51% attack from some major pool.



These 'ultra secure' cryptos are only secure until the ones who protect the network (miners) stop dropping out in troves...





Oh wait.
legendary
Activity: 1064
Merit: 1000
This is interesting.

https://blockchain.info/charts/hash-rate?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

It is hashrate chart .

13.1.2015 there was 358.478.251 GH/s, 14.1 it fell to 229.513.534 GH/s and today it´s back at 345.363.222 GH/s.

I hope we do not face 51% attack from some major pool.

hero member
Activity: 882
Merit: 500
My bet: nobody has any rationale for this hysterical selling and dumping. Or did I miss something?

You miss that Bitcoin mining is based on wrong assumptions. What until hashrate drops 2-fold if the flaw is not obvious to you.

Can you please explain this to me as if I were a 7 year old?
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