The Writing on the Wall - page 5. | Bitcointalksearch.org

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: bitcola on June 19, 2011, 04:23:39 PM

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.

Yes, drive the actual price down to 0.1.
Is the OP a dirt-bag troll (no offense intended) or a real person?

newguy05

hero member

Activity: 1316

Merit: 503

Someone is sitting in the shade today...

Quote from: qbg on June 19, 2011, 04:11:11 PM

Time will tell if this is Bitcoin's darkest moment or finest hour.

please explain under what situation can this be bitcoin's finest hour lol

Synaptic

member

Activity: 84

Merit: 10

Quote from: paulie_w on June 19, 2011, 04:42:23 PM

Quote

I have been playing therapist over the phone to a friend who just majorly bought into this shit on Friday.

He's pretty much fucked now, and probably out of his girlfriend too, and is probably going to have to move out.

Unless he can still find enough suckers to sell out his holdings to before the price completely crashes...

where to begin? btc is a LONG bet -- he should know that. and if a little bit of gambling is enough to cause a split... come on now.

it sounds like your friend suffers from a bit of stupidity/naïvete, but that doesn't mean you have to spit it back in OUR faces.

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.

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

LOL people are so flimsy. Did you not expect grand events like this as Bitcoin rises? Did you not expect calamities?

There was no issue with the Bitcoin protocol or code. It was one business (albiet a very important one) that was hacked. Many more will be hacked! Many more will lose money in the ups and downs of a volatile new market. Have some nerve for crying out loud.

Bitcoin is just getting started, calm the F down. And PM me if you want to sell me your coins.

Oldminer

legendary

Activity: 1022

Merit: 1001

Aww you didn't benefit from the actions of a scammer. So sad. Stop spreading your doom and gloom shit. No-one cares.

paulie_w

sr. member

Activity: 420

Merit: 250

Quote

I have been playing therapist over the phone to a friend who just majorly bought into this shit on Friday.

He's pretty much fucked now, and probably out of his girlfriend too, and is probably going to have to move out.

Unless he can still find enough suckers to sell out his holdings to before the price completely crashes...

where to begin? btc is a LONG bet -- he should know that. and if a little bit of gambling is enough to cause a split... come on now.

it sounds like your friend suffers from a bit of stupidity/naïvete, but that doesn't mean you have to spit it back in OUR faces.

DamienBlack

jr. member

Activity: 56

Merit: 1

Quote from: Synaptic on June 19, 2011, 04:36:15 PM

Quote from: paulie_w on June 19, 2011, 04:33:03 PM

Quote

Fortunately I disposed of all 10 of them on Mt. Gox just last night on a hunch that some kinda shit was going to happen.

I'm pretty insightful that way.

And thanks for being a patsy.

Cheers.

wait... 10? really? come on man, do you have to fill the forums with all this hate over *10* btc?

I have been playing therapist over the phone to a friend who just majorly bought into this shit on Friday.

He's pretty much fucked now, and probably out of his girlfriend too, and is probably going to have to move out.

Unless he can still find enough suckers to sell out his holdings to before the price completely crashes...

After the sell off, prices bounced right back to 15. Tradehill is still selling around 14, everything is fine. Quit your lame doom spreading. You do it all the time, on every subject and none of us believe you. Have over. You just fill every thread with crap. Give it a rest.

Synaptic

member

Activity: 84

Merit: 10

Quote from: paulie_w on June 19, 2011, 04:33:03 PM

Quote

Fortunately I disposed of all 10 of them on Mt. Gox just last night on a hunch that some kinda shit was going to happen.

I'm pretty insightful that way.

And thanks for being a patsy.

Cheers.

wait... 10? really? come on man, do you have to fill the forums with all this hate over *10* btc?

I have been playing therapist over the phone to a friend who just majorly bought into this shit on Friday.

He's pretty much fucked now, and probably out of his girlfriend too, and is probably going to have to move out.

Unless he can still find enough suckers to sell out his holdings to before the price completely crashes...

paulie_w

sr. member

Activity: 420

Merit: 250

Quote from: Synaptic on June 19, 2011, 04:33:20 PM

Quote from: Torminalis on June 19, 2011, 04:29:43 PM

Certainly not a good place for the faint of heart though.

Like 99% of the rest of society that could have actually added and real goddamn value, to what now WHOLLY amounts to a speculator's community Fleshlight.

Let me how many strokes you last...

i really want to coddle you, and tell you some sweet bed time stories.

Synaptic

member

Activity: 84

Merit: 10

Quote from: Torminalis on June 19, 2011, 04:29:43 PM

Certainly not a good place for the faint of heart though.

Like 99% of the rest of society that could have actually added and real goddamn value, to what now WHOLLY amounts to a speculator's community Fleshlight.

Let me how many strokes you last...

paulie_w

sr. member

Activity: 420

Merit: 250

Quote

Fortunately I disposed of all 10 of them on Mt. Gox just last night on a hunch that some kinda shit was going to happen.

I'm pretty insightful that way.

And thanks for being a patsy.

Cheers.

wait... 10? really? come on man, do you have to fill the forums with all this hate over *10* btc?

Synaptic

member

Activity: 84

Merit: 10

Quote from: wol-va-rine on June 19, 2011, 04:26:05 PM

Quote from: Synaptic on June 19, 2011, 03:43:54 PM

It's written in blood this time I'm afraid guys...

As soon as the media gets a hold of this story, that's pretty much the end of BTC as anything but a backwater fringe item of TOR connoisseurs and trivial web-developers, hosts, and hippy products.

So, just like it was before the hacks, except with pretty much zero potential for any legitimacy at this point.

And legitimacy was really the only thing that mattered.

No more.

Was a fun couple of weeks guys.

yep, oh well...

btw Synaptic, send all your bitcoins here...

1NsozTfNyoWXyF2i4GaJwNDbMTpHYWRp7m

I will dispose of them in a proper way...

Fortunately I disposed of all 10 of them on Mt. Gox just last night on a hunch that some kinda shit was going to happen.

I'm pretty insightful that way.

And thanks for being a patsy.

Cheers.

Torminalis

newbie

Activity: 39

Merit: 0

Quote

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...

I am not naive, I just have faith in the idea and see these events in the larger context. If you are only interested in a quick buck then you are quite right. Run. Go, we are better off without you.

The fact that people have resorted to hacking an exchange and not the protocol speaks volumes about both the systems security and the burgeoning interest in the the thing.

Certainly not a good place for the faint of heart though.

wol-va-rine

newbie

Activity: 42

Merit: 0

Quote from: Synaptic on June 19, 2011, 03:43:54 PM

It's written in blood this time I'm afraid guys...

As soon as the media gets a hold of this story, that's pretty much the end of BTC as anything but a backwater fringe item of TOR connoisseurs and trivial web-developers, hosts, and hippy products.

So, just like it was before the hacks, except with pretty much zero potential for any legitimacy at this point.

And legitimacy was really the only thing that mattered.

No more.

Was a fun couple of weeks guys.

yep, oh well...

btw Synaptic, send all your bitcoins here...

1NsozTfNyoWXyF2i4GaJwNDbMTpHYWRp7m

I will dispose of them in a proper way...

Tx2000

full member

Activity: 182

Merit: 100

I think the problem is not the fact that the guy/girl got away with a potentially crazy amount of BTC. It's the fact that there does not seem to be anything in place to prevent this from happening again in the future. And thusly, BTC will continue to suffer until people drop support for it.

People in the same way that bitcoin hashing provides "security" for the network, the same needs to be applied to exchanges? I'm not exactly qualified to know how it would work but the premise, I believe, is still applicable.

bitcola

full member

Activity: 210

Merit: 100

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.

Synaptic

member

Activity: 84

Merit: 10

Well, possibly guys.

Personally, I think it's dead in the water.

However one nice side effect over this though is that it might not be as nice of a target for all the pump and dumpers...

...but then again, the opposite might be true, since there's obvious still a bunch of easy patsies still willing to believe in this shit.

Either way, it's going to be an interesting couple of weeks from here.

Firstly, the miners are going to shit themselves when they see the price bottoming out after the media attention starts to hit.

Then, it will likely just cascade from there, creating a feedback loop of FUD all the way down...

And unfortunately, it will be completely justified FUD.

jatajuta

sr. member

Activity: 365

Merit: 250

The leaking of accounts show some great statistics, only 60.000 people registered, imagine what would happen when 1.000.000 are trading bitcoins and interested on the matter.

We are only at the beginning of a long ride. The techonology behind bitcoins is just too good to be wash away and as soon more people realize that by reading how it works will just be a matter of time for the mass adoption begin.

imperi

full member

Activity: 196

Merit: 101

All publicity is good publicity. The worst thing that could happen to Bitcoin is nobody even being aware of it (like the months before April or so).

jatajuta

sr. member

Activity: 365

Merit: 250

Quote from: DamienBlack on June 19, 2011, 04:14:05 PM

I don't think this is a fatal blow. Bad press is still publicity. In three months, or a year, all that will matter is that the name bitcoin got out, not what exactly happened.

+1

Topic: The Writing on the Wall - page 5. (Read 9848 times)