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Topic: get out your tin foil hats (Read 2283 times)

legendary
Activity: 1722
Merit: 1217
April 11, 2013, 10:07:33 PM
#38
There isn't enough tin foil to go around  Sad

anyone who believes that powerful people don't ever conspire has their head in the sand.
full member
Activity: 182
Merit: 100
April 11, 2013, 10:04:08 PM
#37
There isn't enough tin foil to go around  Sad
legendary
Activity: 1722
Merit: 1217
April 11, 2013, 10:01:21 PM
#36
if we were just dealing with run of the mill hackers (like we were with ddos' in the past) i would expect them to be very careful not to kill their cash cow (like they were in the past, they never went overboard). Previously all attacks were at highs, presumably in an attempt to crash the price and buy in lower. All attacks were promptly halted after the price fell.  Now someone is attacking at lows, this is new and not in the interest of someone who is attempting to manipulate the market for profit. This would however be in the interest of someone who sells a currency that competes with bitcoin.

Smells awfully fishy to me. Are we finally seeing TPTB reacting to bitcoin?

What do you guys think?

And if anyone believes that TPTB are blinking an eye at an economy that is completely controlled by Mt Gox, then they truly are living in a bubble.

A+ for creativity, though.

bitcoin was in the middle of a parabolic move. Sure it may have only been valued at 2billion dollars but if it had continued growing at the rate that it was growing it would have over taken the gdp of the world in less than a year. now obviously im not arguing that it would have overtaken world gdp so dont say that i am. My point is that it was growing and rapidly and when is the best time to pull out a weed, when its small or when its large?
legendary
Activity: 2101
Merit: 1061
April 11, 2013, 07:03:25 PM
#35
if we were just dealing with run of the mill hackers (like we were with ddos' in the past) i would expect them to be very careful not to kill their cash cow (like they were in the past, they never went overboard). Previously all attacks were at highs, presumably in an attempt to crash the price and buy in lower. All attacks were promptly halted after the price fell.  Now someone is attacking at lows, this is new and not in the interest of someone who is attempting to manipulate the market for profit. This would however be in the interest of someone who sells a currency that competes with bitcoin.

Smells awfully fishy to me. Are we finally seeing TPTB reacting to bitcoin?

What do you guys think?

I agree with you, something fishy about it. My spider senses are tingling.
legendary
Activity: 2268
Merit: 1011
Be A Digital Miner
April 11, 2013, 06:59:31 PM
#34
1) There must surely be a case study somewhere for a situation where a wealthy investor has shaken up a small market to pump and dump... and enough to control the market completely?

2) There are some people who assign a portion of wealth to the cause and never sell. They sold off costs a long time ago and coldstore buried those keys years ago - this is support at <$0.01.

3) There are also people who just think "what else can I do with my fiat?"

But, we do see bit trading and it's good to see gox attacked. Can we try trading with ripple?

Soros and the british pound?
hero member
Activity: 900
Merit: 1000
Crypto Geek
April 11, 2013, 06:56:25 PM
#33
1) There must surely be a case study somewhere for a situation where a wealthy investor has shaken up a small market to pump and dump... and enough to control the market completely?

2) There are some people who assign a portion of wealth to the cause and never sell. They sold off costs a long time ago and coldstore buried those keys years ago - this is support at <$0.01.

3) There are also people who just think "what else can I do with my fiat?"

But, we do see bit trading and it's good to see gox attacked. Can we try trading with ripple?
legendary
Activity: 2268
Merit: 1011
Be A Digital Miner
April 11, 2013, 06:40:35 PM
#32
They won't ignore it......but they certainly won't waste effort on a 'problem' (yet) that will likely take care of itself.

Don't be naive. They took down Liberty Dollar, with extreme prejudice, when it was valued at about $20 million. It was the second most used currency in the US after the Federal Reserve Note. Bitcoin now occupies that same second place.

Naive users are what will kill Bitcoin.
Yeah, the feds sure went to town on him didn't they?   No sequester funding problems on that prosecution team.   They were given all the resources they needed and more.
sr. member
Activity: 476
Merit: 250
April 11, 2013, 06:06:48 PM
#31
They won't ignore it......but they certainly won't waste effort on a 'problem' (yet) that will likely take care of itself.

Don't be naive. They took down Liberty Dollar, with extreme prejudice, when it was valued at about $20 million. It was the second most used currency in the US after the Federal Reserve Note. Bitcoin now occupies that same second place.

Naive users are what will kill Bitcoin.
member
Activity: 70
Merit: 10
April 11, 2013, 05:05:50 PM
#30

And if anyone believes that TPTB are blinking an eye at an economy that is completely controlled by Mt Gox, then they truly are living in a bubble.

If anyone thinks TPTB will ignore an international and decentralized currency that is growing and is out of their control, they're living in denial.

They won't ignore it......but they certainly won't waste effort on a 'problem' (yet) that will likely take care of itself.

newbie
Activity: 39
Merit: 0
April 11, 2013, 04:45:29 PM
#29
What do we have?
-Crypto currencies are a threat to fiat.
-Mass media creating momentum with there bubble-crash articles.
-Multiple sites under attack.
-Goverment controlled botnets (stuxnet, flame, etc)
I also believe that TPTB don't give up there power without a fight. They have a motive.

I dunno. Fuel enough for some theories.
newbie
Activity: 39
Merit: 0
April 11, 2013, 04:44:55 PM
#28
What do we have?
-Crypto currencies are a threat to fiat.
-Mass media creating momentum with there bubble-crash articles.
-Multiple sites under attack.
-Goverment controlled botnets (stuxnet, flame, etc)
I also believe that TPRB don't give up there power without a fight. They have a motive.

I dunno. Fuel enough for some theories.
newbie
Activity: 39
Merit: 0
April 11, 2013, 04:28:22 PM
#27
What do we have?
-Crypto currencies are a threat to fiat.
-Mass media creating momentum with there bubble-crash articles.
-Multiple sites under attack.
-Goverment controlled botnets (stuxnet, flame, etc)
I also believe that banksters don't give up there power without a fight. They have a motive.

I dunno. Fuel enough for some theories.
sr. member
Activity: 476
Merit: 250
April 11, 2013, 04:19:01 PM
#26

And if anyone believes that TPTB are blinking an eye at an economy that is completely controlled by Mt Gox, then they truly are living in a bubble.

If anyone thinks TPTB will ignore an international and decentralized currency that is growing and is out of their control, they're living in denial.
member
Activity: 70
Merit: 10
April 11, 2013, 04:15:21 PM
#25
if we were just dealing with run of the mill hackers (like we were with ddos' in the past) i would expect them to be very careful not to kill their cash cow (like they were in the past, they never went overboard). Previously all attacks were at highs, presumably in an attempt to crash the price and buy in lower. All attacks were promptly halted after the price fell.  Now someone is attacking at lows, this is new and not in the interest of someone who is attempting to manipulate the market for profit. This would however be in the interest of someone who sells a currency that competes with bitcoin.

Smells awfully fishy to me. Are we finally seeing TPTB reacting to bitcoin?

What do you guys think?

And if anyone believes that TPTB are blinking an eye at an economy that is completely controlled by Mt Gox, then they truly are living in a bubble.

A+ for creativity, though.
full member
Activity: 137
Merit: 100
I was thinking Stay Puft, but Gozer said Grover
April 11, 2013, 03:59:50 PM
#24
But I want to know where you get Tin Foil?  I'm using Aluminum and maybe that's my problem; Aluminum doesn't block as well as Tin?

No, Aluminum is way superior to Tin. As I have explained in detail in my offer:

https://bitcointalksearch.org/topic/wts-tinfoil-hats-different-designs-limited-time-free-dowsing-rod-146580

They are getting cheap again. Maybe you want some?

Damn funny thread.  Great construction quality on the hats, especially the stylish beach hat or whatever kind of hat that is.
member
Activity: 70
Merit: 10
April 11, 2013, 03:59:00 PM
#23
if we were just dealing with run of the mill hackers (like we were with ddos' in the past) i would expect them to be very careful not to kill their cash cow (like they were in the past, they never went overboard). Previously all attacks were at highs, presumably in an attempt to crash the price and buy in lower. All attacks were promptly halted after the price fell.  Now someone is attacking at lows, this is new and not in the interest of someone who is attempting to manipulate the market for profit. This would however be in the interest of someone who sells a currency that competes with bitcoin.

Smells awfully fishy to me. Are we finally seeing TPTB reacting to bitcoin?

What do you guys think?

Fishy?? Mt Gox + bot bids are fishy. It's the reverse of what you all are thinking. For the past 4 minor corrections it's been the same pattern....price rolls over and starts downtrend, lag starts and gets longer as selling intensifies, bots make tiny buys (e.g., 0.02 BTC) well above a stream of much larger block sells that simulate a bounce at key support levels (because for some reason, the bid/ask bounce and stick at a higher, inflated bid/ask), and because this occurs in slow-motion (real-time would crush bot bids), panic psychology is quelled. This has helped us bounce off key support levels. It did not work yesterday because selling was too strong.

https://bitcointalksearch.org/topic/more-bot-bidsto-simulate-interest-173375
https://bitcointalksearch.org/topic/doing-all-they-can-to-hold-it-above-200-172540
https://i.imgur.com/umRmL7b.png

IMO They make absurd statements to pump the price as well.

https://bitcointalksearch.org/topic/m.1805765

The lag/DDoS has become the perfect excuse for any sell-off because Bitcoin is magical, it can't go down, and it's impervious to normal market forces. It must be a nefarious hacker group that is somehow benefiting by completely destroying the market for Bitcoin.
legendary
Activity: 1232
Merit: 1001
April 11, 2013, 03:42:27 PM
#22
But I want to know where you get Tin Foil?  I'm using Aluminum and maybe that's my problem; Aluminum doesn't block as well as Tin?

No, Aluminum is way superior to Tin. As I have explained in detail in my offer:

https://bitcointalksearch.org/topic/wts-tinfoil-hats-different-designs-limited-time-free-dowsing-rod-146580

They are getting cheap again. Maybe you want some?

i want my 24 seconds of my life back with that dumb ass thread. aughhhhhhhhhhhhh i gotta go this place is for people without jobs.

This 24 Seconds are mine know. Muahahaha!
sr. member
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
April 11, 2013, 03:35:08 PM
#21
But I want to know where you get Tin Foil?  I'm using Aluminum and maybe that's my problem; Aluminum doesn't block as well as Tin?

No, Aluminum is way superior to Tin. As I have explained in detail in my offer:

https://bitcointalksearch.org/topic/wts-tinfoil-hats-different-designs-limited-time-free-dowsing-rod-146580

They are getting cheap again. Maybe you want some?

i want my 24 seconds of my life back with that dumb ass thread. aughhhhhhhhhhhhh i gotta go this place is for people without jobs.
full member
Activity: 126
Merit: 100
April 11, 2013, 03:28:16 PM
#20
Maybe there should be a sticky telling new people here what to make of this mess.
http://maxkeiser.com/2013/04/11/inside-mt-gox/
sr. member
Activity: 476
Merit: 250
April 11, 2013, 03:26:39 PM
#19

Can you elaborate please? To my untrained eye this looks like over-the-top FUD

https://www.google.com/#output=search&sclient=psy-ab&q="fred+ehrsam"+goldman+sachs+coinbase
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