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Topic: Flashcrash this month - page 4. (Read 8229 times)

newbie
Activity: 56
Merit: 0
June 13, 2013, 05:44:48 PM
#66
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.
hero member
Activity: 546
Merit: 500
June 13, 2013, 05:40:45 PM
#65
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.
newbie
Activity: 56
Merit: 0
June 13, 2013, 05:39:54 PM
#64

Man I'm glad I'm BTC broke! That's 2 coins I'd have to pay out! (grin)
legendary
Activity: 1611
Merit: 1001
June 13, 2013, 05:36:53 PM
#63
SAW IT COMING
newbie
Activity: 56
Merit: 0
June 13, 2013, 05:35:57 PM
#62
I skipped replying to the posts about files and blockchain and stuff because way above my paygrade. Awesome stuff though.
newbie
Activity: 56
Merit: 0
June 13, 2013, 05:33:33 PM
#61
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?"
newbie
Activity: 56
Merit: 0
June 13, 2013, 05:30:11 PM
#60

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!
hero member
Activity: 700
Merit: 500
What doesn't kill you only makes you sicker!
June 13, 2013, 05:28:30 PM
#59
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?
newbie
Activity: 56
Merit: 0
June 13, 2013, 05:26:25 PM
#58
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)
newbie
Activity: 56
Merit: 0
June 13, 2013, 05:22:25 PM
#57
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. Smiley
legendary
Activity: 2338
Merit: 2106
June 13, 2013, 05:21:41 PM
#56
You could be right, bitcoin is already down to 102 now and it's not even June 14th yet.

this



full member
Activity: 126
Merit: 100
June 13, 2013, 05:19:31 PM
#55
Any clues as to a time of this 'event' tomorrow?   Grin
 

9:00 am - 12:00 pm tomorrow.
This is just another mini dump...
hero member
Activity: 546
Merit: 500
June 13, 2013, 05:18:32 PM
#54
Any clues as to a time of this 'event' tomorrow?   Grin
 

9:00 am - 12:00 pm tomorrow.

what time zone?
newbie
Activity: 56
Merit: 0
June 13, 2013, 05:18:17 PM
#53
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.
newbie
Activity: 56
Merit: 0
June 13, 2013, 05:09:28 PM
#52
Any clues as to a time of this 'event' tomorrow?   Grin
 

9:00 am - 12:00 pm tomorrow.
hero member
Activity: 546
Merit: 500
June 13, 2013, 04:58:34 PM
#51
You could be right, bitcoin is already down to 102 now and it's not even June 14th yet.
hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
June 13, 2013, 04:37:21 PM
#50

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  Smiley
legendary
Activity: 1442
Merit: 1000
Antifragile
June 13, 2013, 04:00:10 PM
#49
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.
staff
Activity: 3304
Merit: 4115
June 13, 2013, 03:58:53 PM
#48
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!
hero member
Activity: 826
Merit: 508
June 13, 2013, 03:56:40 PM
#47
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!  Smiley
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