Flashcrash this month - page 4. | Bitcointalksearch.org

JimCGSavings

newbie

Activity: 56

Merit: 0

Quote from: Welsh on June 13, 2013, 03:58:53 PM

Oh, I can't wait for this crash and burn, I don't mean Bitcoins crash and burn, but you're wild ass guesses and claiming insider information. Burn baby burn!

Lesson learned. I'll never make a joke claiming insider information again. Please don't hurt me. (grin)

Oh, and I skipped responding to all that stuff about hashing and editing because it REALLY makes me feel noob and way way way over my paygrade.

mgio

hero member

Activity: 546

Merit: 500

My prediction is nothing terribly interesting going to happen tomorrow at the World Bank event and we are going to see the price rise back up to about $115 by the weekend.

JimCGSavings

newbie

Activity: 56

Merit: 0

Quote from: dwdoc on June 13, 2013, 02:46:43 PM

https://bitcointalk.org/index.php?topic=232950.0;topicseen

Man I'm glad I'm BTC broke! That's 2 coins I'd have to pay out! (grin)

str4wm4n

legendary

Activity: 1611

Merit: 1001

SAW IT COMING

JimCGSavings

newbie

Activity: 56

Merit: 0

I skipped replying to the posts about files and blockchain and stuff because way above my paygrade. Awesome stuff though.

JimCGSavings

newbie

Activity: 56

Merit: 0

Quote from: Rygon on June 13, 2013, 02:04:18 PM

Quote from: Malawi on June 13, 2013, 01:15:04 PM

If you are so sure of this prediction, you should write it down in a textfile, then compress it with a nice and long sting as password. You then post a link to the compressed file here, and give the password after "the event".

+1. That ought to be the standard practice on this forum anytime someone comes in claiming to know some huge news but "can't reveal it until afterwards."

Wouldn't it be easier to just create a subforum off speculation, something like "Noobs without a clue to how things really work throw darts and poke out an eye?"

JimCGSavings

newbie

Activity: 56

Merit: 0

Quote from: randrace on June 13, 2013, 02:17:04 PM

Logged.

Seriously? The Wall of Fame? I guess that means I'm famous! Oh shit! That means I'm famous! Time to head for the bunker and put on my tinfoil hat!

Inedible

hero member

Activity: 700

Merit: 500

What doesn't kill you only makes you sicker!

Quote from: JimCGSavings on June 13, 2013, 11:12:39 AM

Quote from: cbeast on June 13, 2013, 11:07:50 AM

Regulation only affects acquiring bitcoins. The fundamentals do not change. Speculators have already taken this into account.

And this is why I'm a noob. I have no idea how that relates to my prediction. Shocked

And yet you can confidently predict a flash-crash tomorrow?

JimCGSavings

newbie

Activity: 56

Merit: 0

Quote from: cbeast on June 13, 2013, 01:13:43 PM

If it's in references to this thread:
https://bitcointalksearch.org/topic/m.2455940

There is nothing to worry about. The virtual currencies used for crimes are plethora and capitalized in hundreds of billions. That problem predates Bitcoin by decades and will continue to avoid Bitcoin as it is far more traceable than offshore virtual banks.

Damn! I was hoping no one would guess it before tomorrow. Poor you! If I had any BTC, I'd have to pay up. (grin)

JimCGSavings

newbie

Activity: 56

Merit: 0

Quote from: cbeast on June 13, 2013, 12:48:13 PM

Quote from: JimCGSavings on June 13, 2013, 11:12:39 AM

Quote from: cbeast on June 13, 2013, 11:07:50 AM

Regulation only affects acquiring bitcoins. The fundamentals do not change. Speculators have already taken this into account.

And this is why I'm a noob. I have no idea how that relates to my prediction. Shocked

Your "Account Verification" hint infers regulation of some sort. I doubt you have any information that hasn't been considered and extensively discussed on this forum.

Regulation will be one of the reactions to this event. And this was mentioned in the Wall Observer thread. That's my so-called "insider" information.

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: mgio on June 13, 2013, 04:58:34 PM

You could be right, bitcoin is already down to 102 now and it's not even June 14th yet.

this

BitSmile

full member

Activity: 126

Merit: 100

Quote from: JimCGSavings on June 13, 2013, 05:09:28 PM

Quote from: ibminer on June 13, 2013, 11:46:10 AM

Any clues as to a time of this 'event' tomorrow? Grin

9:00 am - 12:00 pm tomorrow.

This is just another mini dump...

mgio

hero member

Activity: 546

Merit: 500

Quote from: JimCGSavings on June 13, 2013, 05:09:28 PM

Quote from: ibminer on June 13, 2013, 11:46:10 AM

Any clues as to a time of this 'event' tomorrow? Grin

9:00 am - 12:00 pm tomorrow.

what time zone?

JimCGSavings

newbie

Activity: 56

Merit: 0

Quote from: Bitbuy on June 13, 2013, 12:33:02 PM

Quote from: JimCGSavings on June 13, 2013, 09:14:52 AM

Quote from: lucas.sev on June 13, 2013, 09:11:49 AM

Haha, as usual, want to bet? Grin

Alas, I have no coin. What would you consider worth my putting up against 1BTC? (grin)

Is the reason you have no coin also the reason for the flashcrash; i.e you're dumping 50K bitcoins or something tonight at 03:00 CET?
Cool

What? Sorry, that made me slip into a fantasy of having 50K BTC for a moment there...No, I have no Bitcoins. It has nothing to do with anything I could possibly do. Noob here with experience as a moderator to a certain group that would have trigger reaction to this event. Blow that up to the general public's love of dirty laundry and you have my arrogant assumption.

JimCGSavings

newbie

Activity: 56

Merit: 0

Quote from: ibminer on June 13, 2013, 11:46:10 AM

Any clues as to a time of this 'event' tomorrow? Grin

9:00 am - 12:00 pm tomorrow.

mgio

hero member

Activity: 546

Merit: 500

You could be right, bitcoin is already down to 102 now and it's not even June 14th yet.

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: Odalv on June 13, 2013, 03:08:54 PM

Quote from: Crypt_Current on June 13, 2013, 03:02:46 PM

So a hash is used to prove the timing of the message, and it is not the message itself? Just want to be clear on this methodology so that noobs can better put it into practice...

1. sha-256("So a hash is used to prove the timing of the message, and it is not the message itself? Just want to be clear on this methodology so that noobs can better put it into practice...") = e48015191601f6621a7ca18f6eefa90c583b9faad3c6d009eef7fd80d39efc6c

2. ripemd-160("e48015191601f6621a7ca18f6eefa90c583b9faad3c6d009eef7fd80d39efc6c") = c439421c3b5c5c695f9d2b5d942748a65960609f

3. bitcoinAddress("c439421c3b5c5c695f9d2b5d942748a65960609f") = 1JtY2yLHmG2yVGhWafVZSup9UJQnYyHNsr

4. sent 1 Satoshi to address "1JtY2yLHmG2yVGhWafVZSup9UJQnYyHNsr" and this will appear in block chain (for ever) => you CAN PROVE (timestamp) when this satoshi was sent.

[edit]
5. address("1JtY2yLHmG2yVGhWafVZSup9UJQnYyHNsr") = public-key("So a hash is used to prove the timing of the message, and it is not the message itself? Just want to be clear on this methodology so that noobs can better put it into practice...") => you proved message, it is you who know public-key => you now message

Excellent! Grin

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: notme on June 13, 2013, 02:43:16 PM

Quote from: Its About Sharing on June 13, 2013, 01:31:21 PM

Quote from: Deafboy on June 13, 2013, 01:21:07 PM

It's easy to prove you were right if something happens tomorrow without revealing so called "insider information" today. Create a document describing what's going to happen, and upload the hash to blockchain. This way we can verify that cause of the crash was known to you before. Otherwise... you know. GTFO Wink

That is a really interesting use of the Blockchain. It is like mailing a letter to yourself, but a bit more secure. Cheesy

I'm naive here. Once the hash is on the blockchain, how do you unlock and share it? Or?

A hash is a different thing entirely from encryption. A hash takes data and scrambles it. It will always scramble the same data the same way, but there is no way to recover the data from the hash. By publishing the hash you establish that at the time of publication you had access to the data. When you later reveal the data, the hash can be verified.

Got it and thanks for the explanation (and to you others guys who jumped in as well).
I know I heard that on a podcast but it skipped me.

Anyway, wow, what a nice way of verification.

Welsh

staff

Activity: 3304

Merit: 4115

Oh, I can't wait for this crash and burn, I don't mean Bitcoins crash and burn, but you're wild ass guesses and claiming insider information. Burn baby burn!

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: notme on June 13, 2013, 03:21:59 PM

Quote from: Odalv on June 13, 2013, 03:20:04 PM

Quote from: Malawi on June 13, 2013, 03:12:04 PM

With a password-protected file that is dl before an event is supposed to happen does not really need a timestamp.

If I'll read this thread next year then I will not know if you edited your post or not. But you cannot edit block chain.

Posts show last edit if you hover over the time... I'll edit this one.

Edit: Edited

Edit2: Well, shoot, it used to.

Edit3: I still see it on other posts, maybe it just doesn't show on your own posts.

If you do it now, it will show up. There is a short time window where it won't. If you ninja edit, no one ever knows!

Topic: Flashcrash this month - page 4. (Read 8228 times)