I'm impressed by the sheer amount of people who advocate regulation and centralization. Even more interesting is the fact that most people argue that Bitcoin is a bad idea because it's not accepted by your local grocery store. If I was pessimistic, I would believe that nothing bottom-up would ever work in the real world. The reality is, you don't need to attack Bitcoin, the drones are doing it for you. 
Topic: Price Conspiracy - page 2. (Read 2809 times)
At the risk of sounding more crazy I'd say the biggest conspiracy is how people are programmed to behave in the 21st century. I'm impressed by the sheer amount of people who advocate regulation and centralization. Even more interesting is the fact that most people argue that Bitcoin is a bad idea because it's not accepted by your local grocery store. If I was pessimistic, I would believe that nothing bottom-up would ever work in the real world. The reality is, you don't need to attack Bitcoin, the drones are doing it for you.
I'm impressed by the sheer amount of people who advocate regulation and centralization. Even more interesting is the fact that most people argue that Bitcoin is a bad idea because it's not accepted by your local grocery store. If I was pessimistic, I would believe that nothing bottom-up would ever work in the real world. The reality is, you don't need to attack Bitcoin, the drones are doing it for you. Well, I am a bit concerned that the network now shows 75% as other.
A bank or credit company would not care if the lost money doing this. Bitcoin is a very small economy, and only some of it is being traded in the markets. It seems to me this would be possible.
A bank or credit company would not care if the lost money doing this. Bitcoin is a very small economy, and only some of it is being traded in the markets. It seems to me this would be possible.
It shows a large amount as 'other' since at the moment a lot of people are switching to smaller pools because the largest pools are getting ddos'd(my primary and first two failovers are down, personally), and the not-so-large-but-still-big-pools are getting overloaded because people are switching to them suddenly, also crashing those, so the smallest pools that are not well known publicly are taking over(there are numerous pools in the <100 GH/s range that are not included in graphs and would fit in the 'other' portion).
tl;dr the hashrate of the 'top 10' pools has tanked thanks to a kind of chain-effect from the largest couple getting attacked
Well, I am a bit concerned that the network now shows 75% as other.
A bank or credit company would not care if the lost money doing this. Bitcoin is a very small economy, and only some of it is being traded in the markets. It seems to me this would be possible.
A bank or credit company would not care if the lost money doing this. Bitcoin is a very small economy, and only some of it is being traded in the markets. It seems to me this would be possible.
+1
Bitcoins are still worth a hell of a lot more than before they got media attention.
Plenty of people have made panic posts in an attempt to drive down prices ahead of a buy. Not sure about the efficacy of this technique. If someone does a good job, it may be very hard to tell how well it worked.
Now, I expect bitcoin to be volatile, and you would have to expect a pretty big drop after the rise it took, but something doesn't seem right here.
The lower the price gets the more I am considering the possibility that this is intentional.
Two theories:
1. Banks/Credit Cards/Govt or someone else who has money and doesn't like bitcoin, is buying coins on the DL from people in places other than the exchanges and are dumping them to push the price down in the hopes of killing bitcoin, or reducing the network to the point where a hostile takeover is possible.
2. Someone who does believe in the future of bitcoin is using the same tactic to drive the price down so they can load up at a very low cost.
Thoughts?
The lower the price gets the more I am considering the possibility that this is intentional.
Two theories:
1. Banks/Credit Cards/Govt or someone else who has money and doesn't like bitcoin, is buying coins on the DL from people in places other than the exchanges and are dumping them to push the price down in the hopes of killing bitcoin, or reducing the network to the point where a hostile takeover is possible.
2. Someone who does believe in the future of bitcoin is using the same tactic to drive the price down so they can load up at a very low cost.
Thoughts?
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