Get this through your thick heads: Bitcoins = MtGox
No. Because MtGox might fall, but Bitcoin won't. So they're different.
Topic: The Writing on the Wall - page 4. (Read 9848 times)
No. Because MtGox might fall, but Bitcoin won't. So they're different.
Lesson learned. When all the rumors of people getting their mtgox & email account hacked (including those running on Linux, with strong-ish passwords, not re-used) started the obvious conclusion was mtgox is compromised. That was yesterday.
Unfortunately, I didn't believe it. Don't have a huge amount invested in bitcoin, but I'll be a bit sad to see it all gone.
While I don't believe this is the end of bitcoin (there's no such thing as bad publicity) the next few weeks could get exciting. Def. withdrawing everything from mtgox the moment I can. Changed my email password to a 16 character one with lots of mixed case, digits and special characters just to be sure, but I expect to get LOTS more spam since it's not one I hand out to free sites.
Looks like I need to get disposable email addresses for all exchanges, and only keep enough funds in there I won't miss if they're stolen.
Unfortunately, I didn't believe it. Don't have a huge amount invested in bitcoin, but I'll be a bit sad to see it all gone.
While I don't believe this is the end of bitcoin (there's no such thing as bad publicity) the next few weeks could get exciting. Def. withdrawing everything from mtgox the moment I can. Changed my email password to a 16 character one with lots of mixed case, digits and special characters just to be sure, but I expect to get LOTS more spam since it's not one I hand out to free sites.
Looks like I need to get disposable email addresses for all exchanges, and only keep enough funds in there I won't miss if they're stolen.
Oh, I guess you can buy Alpaca socks...
/alpacasocks
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The press don't care that it was an exchange, the blame will get pinned on Bitcoin.
Why are you all so emphatically posing this distinction? The oh-so-loved decentralized nature of Bitcoin was inevitably and ALWAYS bottle-necked by the exchange. The actual value in decentralization has no relevance to a trading market, only (and, even then, supposely) to the benefits of buying and selling actual goods. Since the value of Bitcoins never came from its adoption and use in a tangible goods/services market (apart from drugs and kiddie porn) and only from speculative circlejerking (which is what you all were concerned with), why are you so up in arms about this?
Get this through your thick heads: Bitcoins = MtGox. That's what it has effectively been. That was reality. If it wasn't, you wouldn't be HURTING as you are now. Right now, you have nothing to do with your precious bitcoins apart from using Tradehill which has no effective market to speak of and won't move at all since all eyes are on Mt. Gox. Oh, I guess you can buy Alpaca socks, or some random coffee beans! Or heroin an kiddie porn too...
way to bold your obvious lie pal.
So, if a bank gets robbed then USD is worthless? Brilliant!
Are you that retarded?! That's a serious counter? Wow. You really do NOT understand anything if you are being serious.
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The press don't care that it was an exchange, the blame will get pinned on Bitcoin.
Why are you all so emphatically posing this distinction? The oh-so-loved decentralized nature of Bitcoin was inevitably and ALWAYS bottle-necked by the exchange. The actual value in decentralization has no relevance to a trading market, only (and, even then, supposely) to the benefits of buying and selling actual goods. Since the value of Bitcoins never came from its adoption and use in a tangible goods/services market (apart from drugs and kiddie porn) and only from speculative circlejerking (which is what you all were concerned with), why are you so up in arms about this?
Get this through your thick heads: Bitcoins = MtGox. That's what it has effectively been. That was reality. If it wasn't, you wouldn't be HURTING as you are now. Right now, you have nothing to do with your precious bitcoins apart from using Tradehill which has no effective market to speak of and won't move at all since all eyes are on Mt. Gox. Oh, I guess you can buy Alpaca socks, or some random coffee beans! Or heroin an kiddie porn too...
Don't panic, Bitcoin is a lot tougher than just a single exchange. Better we get these sort of ordeals out of the way at this stage and not later.
It may have slowed things down a bit but I have every confidence that it will all be okay.
It may have slowed things down a bit but I have every confidence that it will all be okay.
That's because you're totally naive.
Bitcoin is dead as a common, widely used...ANYTHING. Not a store of value, not a medium of exchange, not a transaction processor, and certainly NOT a currency...
Again, TOR junkies and criminals might still use it...
So, if a bank gets robbed then USD is worthless? Brilliant!
You admit being a troll Synaptic, why are you trying to harm the project and other people?
Oh shit, did I forget the /sarcasm tag again?
Sorry about that, dumbass.
In school I was picked on for being too smart, so your stupid childish post has no affect on me.
Now why are you obviously trying to harm the project and other people Synaptic?
Well gosh Mr. Aspie, you're so smart why don't you tell me?
There is nothing in this world that I could potentially do to harm "this project" anymore than Mt Gox has done already.
Sorry buddy.
You admit being a troll Synaptic, why are you trying to harm the project and other people?
Oh shit, did I forget the /sarcasm tag again?
Sorry about that, dumbass.
In school I was picked on for being too smart, so your stupid childish post has no affect on me.
Now why are you obviously trying to harm the project and other people Synaptic?
People make up your own minds, dont read all this rah rah. Im done with BTC, should have went with my gut when the
hacks and other garbage started. Its a criminal hacker currency, at some point the mob will control it, whether its a hacker mob or russian mob or whatever.
I had most of my money pulled out, the rest was making a trade today at 17.49 did it get filled I have no clue. I hope not. DONE. Probably too late....
hacks and other garbage started. Its a criminal hacker currency, at some point the mob will control it, whether its a hacker mob or russian mob or whatever.
I had most of my money pulled out, the rest was making a trade today at 17.49 did it get filled I have no clue. I hope not. DONE. Probably too late....
Since the media already reported the "crash" from a week ago, they will probably report this too. But it doesn't matter. This hack has nothing to do with bitcoin itself. We have always known things like this are going to happen; the road is going to be "bumpy" as Gavin has said. But bitcoin itself remains secure. The only reason this hack will be a problem is because people will overreact (like Synaptic). But people will calm down in time.
You just don't get it do you?
All of you kiddos have this incestuous love for bitcoins and keep saying that a family that plays together stays together.
Well guess what dude, bitcoin is fucking dead to the eyes of the public now. That's it. What happened today is the end of anything that was going to happen in the wider market.
I'm not over-reacting in the least bit.
See me in a week/month/year and tell me I'm wrong.
Troll fodder.
"Despite various inducements, none of the royal magicians or advisors can interpret the omen."
Sure thing, Damian. Keep humping that monkey.
Since the media already reported the "crash" from a week ago, they will probably report this too. But it doesn't matter. This hack has nothing to do with bitcoin itself. We have always known things like this are going to happen; the road is going to be "bumpy" as Gavin has said. But bitcoin itself remains secure. The only reason this hack will be a problem is because people will overreact (like Synaptic). But people will calm down in time.
You just don't get it do you?
All of you kiddos have this incestuous love for bitcoins and keep saying that a family that plays together stays together.
Well guess what dude, bitcoin is fucking dead to the eyes of the public now. That's it. What happened today is the end of anything that was going to happen in the wider market.
I'm not over-reacting in the least bit.
See me in a week/month/year and tell me I'm wrong.
Troll fodder.
Don't agree. Very good for disasters happen while Bitcoin is still in fringe use.
Developers of bitcoin and exchanges need to wake up to the significant flaws in their products.
Best outcome would be competition with a product containing similar features. Second best is just for bitcoin to be attacked while it is weak.
Developers of bitcoin and exchanges need to wake up to the significant flaws in their products.
Best outcome would be competition with a product containing similar features. Second best is just for bitcoin to be attacked while it is weak.
Since the media already reported the "crash" from a week ago, they will probably report this too. But it doesn't matter. This hack has nothing to do with bitcoin itself. We have always known things like this are going to happen; the road is going to be "bumpy" as Gavin has said. But bitcoin itself remains secure. The only reason this hack will be a problem is because people will overreact (like Synaptic). But people will calm down in time.
You just don't get it do you?
All of you kiddos have this incestuous love for bitcoins and keep saying that a family that plays together stays together.
Well guess what dude, bitcoin is fucking dead to the eyes of the public now. That's it. What happened today is the end of anything that was going to happen in the wider market.
I'm not over-reacting in the least bit.
See me in a week/month/year and tell me I'm wrong.
You admit being a troll Synaptic, why are you trying to harm the project and other people?
Since the media already reported the "crash" from a week ago, they will probably report this too. But it doesn't matter. This hack has nothing to do with bitcoin itself. We have always known things like this are going to happen; the road is going to be "bumpy" as Gavin has said. But bitcoin itself remains secure. The only reason this hack will be a problem is because people will overreact (like Synaptic). But people will calm down in time.
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He got caught up in the altruism and potential of BTC, not the speculation side.
Now that he finally sees clearly what I was telling him from the beginning, his optimism is gone, and he's not only emotionally destabilized, but financially destabilized.
Added to the fact that I don't give a fuck about you or anyone else here as a person, and yeah, I'm apt to be en garde.
Now that he finally sees clearly what I was telling him from the beginning, his optimism is gone, and he's not only emotionally destabilized, but financially destabilized.
Added to the fact that I don't give a fuck about you or anyone else here as a person, and yeah, I'm apt to be en garde.
so you're 'right' now -- but what about later? like I said, LONG bet.
Yeah.
Good luck with that.
I agree with the OP.
It doesn't matter what the truth is.
Public always get carried away by whatever the dumbass media tell them. Public are too ignorant to see beneath the headlines.
This will destroy BTC. If I owned any right now, I'd dump my entire holdings and cash in. With prices elevated as they are in recent days, you have nothing to lose by doing so.
It doesn't matter what the truth is.
Public always get carried away by whatever the dumbass media tell them. Public are too ignorant to see beneath the headlines.
This will destroy BTC. If I owned any right now, I'd dump my entire holdings and cash in. With prices elevated as they are in recent days, you have nothing to lose by doing so.
Yes, drive the actual price down to 0.1.
Is the OP a dirt-bag troll (no offense intended) or a real person?
Dirt bag troll, reporting in!
And according to a couple of other GENIUS posters here, a Gubmit supported and paid for troll!
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He got caught up in the altruism and potential of BTC, not the speculation side.
Now that he finally sees clearly what I was telling him from the beginning, his optimism is gone, and he's not only emotionally destabilized, but financially destabilized.
Added to the fact that I don't give a fuck about you or anyone else here as a person, and yeah, I'm apt to be en garde.
Now that he finally sees clearly what I was telling him from the beginning, his optimism is gone, and he's not only emotionally destabilized, but financially destabilized.
Added to the fact that I don't give a fuck about you or anyone else here as a person, and yeah, I'm apt to be en garde.
so you're 'right' now -- but what about later? like I said, LONG bet.
There are different kinds of people on this planet, they can be broken down into many different groups, one set of groups they can be broken into are these:
A)Those motivated to do research and make informed decisions. This is the natural, birth state of an awe-filled species.
B)Those not motivated to do research and make informed decisions. This is the state that many people are tricked/scared into.
This recent development will surely cause less (B)s to adapt because they will be told not to adapt by the media, and that is all they have to go off of. (A)s are not going anywhere because they know that what was compromised was some guys webpage in japan, not the structure of bitcoin itself. (A)s will continue to be rewarded for the effort it takes to make informed decisions. it is for the best that (B)s don't have large amounts of money. Bitcoin is fantastic at converting (B)s to (A)s, depending on how hardcore a (B) you are, that is how hard it will be for you to convert.
So, by all means, if you are (B) then please sell your coins, we need as much money in the hands of (A)s as possible for the future of our planet.
A)Those motivated to do research and make informed decisions. This is the natural, birth state of an awe-filled species.
B)Those not motivated to do research and make informed decisions. This is the state that many people are tricked/scared into.
This recent development will surely cause less (B)s to adapt because they will be told not to adapt by the media, and that is all they have to go off of. (A)s are not going anywhere because they know that what was compromised was some guys webpage in japan, not the structure of bitcoin itself. (A)s will continue to be rewarded for the effort it takes to make informed decisions. it is for the best that (B)s don't have large amounts of money. Bitcoin is fantastic at converting (B)s to (A)s, depending on how hardcore a (B) you are, that is how hard it will be for you to convert.
So, by all means, if you are (B) then please sell your coins, we need as much money in the hands of (A)s as possible for the future of our planet.
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