I just cashed out my lot of Bitcoins for Gold. Here's why. - page 3.

lophie

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Unlimited Free Crypto

Quote from: lophie on June 09, 2013, 09:24:35 AM

Quote from: molecular on June 09, 2013, 08:48:54 AM

Quote from: lophie on June 08, 2013, 10:26:00 PM

Here is your proof, I just sent a Bitcoin to 1BitcoinDiesWithSHA256As0f09062013 and will spend it in less than 24 hours. That would mean that I successfully broken up SHA256.

I will give you all 24 hours to sell all bitcoins and avoid a major loss.

- Lophie

Timer removed. End time: 2013-06-10+3:00:00UTC

congrats for making me check. good troll tolls well.

gonna make a dedicated thread for this now.

posted, It might shake a few noobs but I hope it wont escalate to getting my account banned Sad

lophie

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Unlimited Free Crypto

Quote from: molecular on June 09, 2013, 08:48:54 AM

Quote from: lophie on June 08, 2013, 10:26:00 PM

Here is your proof, I just sent a Bitcoin to 1BitcoinDiesWithSHA256As0f09062013 and will spend it in less than 24 hours. That would mean that I successfully broken up SHA256.

I will give you all 24 hours to sell all bitcoins and avoid a major loss.

- Lophie

Timer removed. End time: 2013-06-10+3:00:00UTC

congrats for making me check. good troll tolls well.

gonna make a dedicated thread for this now.

molecular

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Quote from: lophie on June 08, 2013, 10:26:00 PM

Here is your proof, I just sent a Bitcoin to 1BitcoinDiesWithSHA256As0f09062013 and will spend it in less than 24 hours. That would mean that I successfully broken up SHA256.

I will give you all 24 hours to sell all bitcoins and avoid a major loss.

- Lophie

Timer removed. End time: 2013-06-10+3:00:00UTC

congrats for making me check. good troll tolls well.

jubalix

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Quote from: Revelation 22:13 on June 08, 2013, 02:39:42 PM

Short-term:

- Things are crashing hard this Summer. The media bubble has faded. We might see ourselves at $80 again. Even $30.

Long-term:

- Gold is going to recover. Hidden economic trouble is brewing. 'nuff said.

- The NSA has full control of Bitcoin through holes in SHA-256 and DSA that the mass of the public has yet to find. The whole blockchain might find itself worthless within the decade.

It was fun but Bitcoin is going to need a judgement day before cryptocurrency can become mainstream.

Here's my prediction: Bitcoin is going to be blown apart. The price will go to zero by 2020.

To those looking at this from the future: I told you so.

no maths to back up sha 256 claim

*ignore*

manfred

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Energy is Wealth

Straight question on OP: Are you Satoshi? (Revelation 22:13)

Westphalian

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Quote from: Revelation 22:13 on June 08, 2013, 02:39:42 PM

Short-term:

- Things are crashing hard this Summer. The media bubble has faded. We might see ourselves at $80 again. Even $30.

Long-term:

- Gold is going to recover. Hidden economic trouble is brewing. 'nuff said.

- The NSA has full control of Bitcoin through holes in SHA-256 and DSA that the mass of the public has yet to find. The whole blockchain might find itself worthless within the decade.

It was fun but Bitcoin is going to need a judgement day before cryptocurrency can become mainstream.

Here's my prediction: Bitcoin is going to be blown apart. The price will go to zero by 2020.

To those looking at this from the future: I told you so.

If you believe this then I have a previously unknown impossible to mass-produce quantum computer to sell you.

lophie

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Merit: 1001

Unlimited Free Crypto

Quote from: NewLiberty on June 08, 2013, 11:59:22 PM

l0phie.

, I am cryptolarious.

NewLiberty

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Gresham's Lawyer

Quote from: lophie on June 08, 2013, 10:35:34 PM

Quote from: notme on June 08, 2013, 10:32:58 PM

Quote from: lophie on June 08, 2013, 10:26:00 PM

Here is your proof, I just sent a Bitcoin to 1BitcoinDiesWithSHA256As0f09062013 and will spend it in less than 24 hours. That would mean that I successfully broken up SHA256.

I will give you all 24 hours to sell all bitcoins and avoid a major loss.

- Lophie

Timer removed. End time: 2013-06-10+3:00:00UTC

Nice try, but even if that was a valid address, it is not SHA256 that secures coins. It only is used to confirm blocks, not to sign transactions.

Dude -_-!, Go along with a nice joke when you find one, I wanted Elmer FUD to have a good "I told you so" moment before we all pee on him with laughter and shrugs.

The subtle humor of the address was a delight. and the count-down is precious.
Thank you for that.
Another tax on people bad at math is Darwin's 21's century gift to the cognizant delivered by santa l0phie.

NewLiberty

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Gresham's Lawyer

Quote from: notme on June 08, 2013, 07:53:04 PM

Can you provide a source that demonstrates your claim that interest in bonds from entities other than the Fed is falling? I'm not saying it's incorrect, I've just not seen any evidence.

The data is here:
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/tressect.txt
From the US Treasury.

The monthly variation has a fairly high beta compared to 12 month rolling, of course.

lophie

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Activity: 924

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Unlimited Free Crypto

Quote from: notme on June 08, 2013, 10:32:58 PM

Quote from: lophie on June 08, 2013, 10:26:00 PM

Here is your proof, I just sent a Bitcoin to 1BitcoinDiesWithSHA256As0f09062013 and will spend it in less than 24 hours. That would mean that I successfully broken up SHA256.

I will give you all 24 hours to sell all bitcoins and avoid a major loss.

- Lophie

Timer removed. End time: 2013-06-10+3:00:00UTC

Nice try, but even if that was a valid address, it is not SHA256 that secures coins. It only is used to confirm blocks, not to sign transactions.

Dude -_-!, Go along with a nice joke when you find one, I wanted Elmer FUD to have a good "I told you so" moment before we all pee on him with laughter and shrugs.

notme

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Activity: 1904

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Quote from: lophie on June 08, 2013, 10:26:00 PM

Here is your proof, I just sent a Bitcoin to 1BitcoinDiesWithSHA256As0f09062013 and will spend it in less than 24 hours. That would mean that I successfully broken up SHA256.

I will give you all 24 hours to sell all bitcoins and avoid a major loss.

- Lophie

Timer removed. End time: 2013-06-10+3:00:00UTC

Nice try, but even if that was a valid address, it is not SHA256 that secures coins. It only is used to confirm blocks, not to sign transactions.

lophie

hero member

Activity: 924

Merit: 1001

Unlimited Free Crypto

Here is your proof, I just sent a Bitcoin to 1BitcoinDiesWithSHA256As0f09062013 and will spend it in less than 24 hours. That would mean that I successfully broken up SHA256.

I will give you all 24 hours to sell all bitcoins and avoid a major loss.

- Lophie

Timer removed. End time: 2013-06-10+3:00:00UTC

Zaih

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Onya OP.

notme

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Quote from: Elwar on June 08, 2013, 07:46:43 PM

Quote from: notme on June 08, 2013, 07:19:47 PM

Quote from: Elwar on June 08, 2013, 06:39:05 PM

At least you are not buying dollars with your bitcoins.

My prediction is that by August the dollar will be half the value it is today. Though it may take some time for that value drop to be noticed as it spreads throughout the economy. But it will be felt.

How is that going to happen with a long term trend reversal forming on all major stock indices? When stocks go down, the dollar rises.

What could possibly trigger hyperinflation at this point in time?

The Federal Reserve is currently buying 73% of Treasury Notes, which are used to print money for the Federal Reserve who turns around and buys 74% of Treasury Notes which are used to print money for the Federal Reserve who turns around and buys 75% of Treasury Notes...etc...

It is estimated that at the current rate, the Federal Reserve will be buying 100% of Treasury Notes by mid July.

What this means is that no other country is willing to buy our debt. The only way our debt can be funded at that point is from printing money. Printing enough money to fund our government means the value of our currency will go down by that much on a daily basis.

It will not be pretty.

Even if the Federal Reserve stops buying our Treasury Notes...we only have 27% of the customers we used to have. In order to entice the other 73% into buying we have to sell cheap. Or jack up the interest paid on our debt.

Can you provide a source that demonstrates your claim that interest in bonds from entities other than the Fed is falling? I'm not saying it's incorrect, I've just not seen any evidence.

Elwar

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Viva Ut Vivas

Quote from: notme on June 08, 2013, 07:19:47 PM

Quote from: Elwar on June 08, 2013, 06:39:05 PM

At least you are not buying dollars with your bitcoins.

My prediction is that by August the dollar will be half the value it is today. Though it may take some time for that value drop to be noticed as it spreads throughout the economy. But it will be felt.

How is that going to happen with a long term trend reversal forming on all major stock indices? When stocks go down, the dollar rises.

What could possibly trigger hyperinflation at this point in time?

The Federal Reserve is currently buying 73% of Treasury Notes, which are used to print money for the Federal Reserve who turns around and buys 74% of Treasury Notes which are used to print money for the Federal Reserve who turns around and buys 75% of Treasury Notes...etc...

It is estimated that at the current rate, the Federal Reserve will be buying 100% of Treasury Notes by mid July.

What this means is that no other country is willing to buy our debt. The only way our debt can be funded at that point is from printing money. Printing enough money to fund our government means the value of our currency will go down by that much on a daily basis.

It will not be pretty.

Even if the Federal Reserve stops buying our Treasury Notes...we only have 27% of the customers we used to have. In order to entice the other 73% into buying we have to sell cheap. Or jack up the interest paid on our debt.

NewLiberty

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Gresham's Lawyer

Quote from: ecliptic on June 08, 2013, 07:21:25 PM

The value of a break on SHA-256/ECDSA far outweighs even the full market cap value of bitcoin

+1

ecliptic

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The value of a break on SHA-256/ECDSA far outweighs even the full market cap value of bitcoin

notme

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Quote from: Elwar on June 08, 2013, 06:39:05 PM

At least you are not buying dollars with your bitcoins.

My prediction is that by August the dollar will be half the value it is today. Though it may take some time for that value drop to be noticed as it spreads throughout the economy. But it will be felt.

How is that going to happen with a long term trend reversal forming on all major stock indices? When stocks go down, the dollar rises.

What could possibly trigger hyperinflation at this point in time?

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

At least you are not buying dollars with your bitcoins.

My prediction is that by August the dollar will be half the value it is today. Though it may take some time for that value drop to be noticed as it spreads throughout the economy. But it will be felt.

CanadianGuy

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Bitcoin is whatever we want it to be

Topic: I just cashed out my lot of Bitcoins for Gold. Here's why. - page 3. (Read 6277 times)