Genuinely LOLing at people suddenly promoting windows.
I mean LOLING.
ok.
So you're saying windows updates faster than free software, therefore is more secure.
lol I can't even
Can someone else deal with this?
edit: by the way I'm not advocating OSX in ANY WAY.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25604. (Read 26609691 times)
September 25, 2014, 09:16:01 AM
September 25, 2014, 09:11:14 AM
He was the earliest adopter and probably had 500,000 coins.
Where did you get the figure from?
just a guess.
I read somewhere that he mined the first few blocks. Back then there were 50 BTC in 1 block. I did a rough calculation and concluded he had less than 4000 BTC.
September 25, 2014, 09:01:20 AM
September 25, 2014, 09:01:03 AM
He was the earliest adopter and probably had 500,000 coins.
Where did you get the figure from?
he pulled it out of his ass...
Hal refers to mining block 70 something, and finding several blocks.
https://bitcointalksearch.org/topic/bitcoin-and-me-hal-finney-155054
However only 1 block in the 70s has ever moved and into a wallet that had an aggragate of 40 block rewards.
edit* https://blockchain.info/address/14yF89mjn831zpbrX7TW2HExLGuqXaK3hc
made up of 40 50 BTC blocks.
those 2000 coins started to move again last year.
September 25, 2014, 08:58:37 AM
Guys, why even bother keeping up with the minute to minute.
Here's a summary:
1. Whale pumps bitcoin on PayPal news, hoping to spark a mini-rally
2. Mini rally fails
3. Whale slowly sells off coins
4. Price grinds back down to where it was before rally
Gee, whouda thunk it huh?
Here's a summary:
1. Whale pumps bitcoin on PayPal news, hoping to spark a mini-rally
2. Mini rally fails
3. Whale slowly sells off coins
4. Price grinds back down to where it was before rally
Gee, whouda thunk it huh?
Occam's Razor at its finest
I think Occam's Razor applies to my theory of the price action since June 1st,
Hal Finney's coins are being sold.
PossiblyHe was the earliest adopter and probably had 500,000 coins.
In June, he started selling because he needed the money for medical bills and the cryo project.
So you know for a fact that he didn't have health insurance to cover the majority of his medical bills? Very unlikely.In June, he started selling because he needed the money for medical bills and the cryo project.
His family is still selling. Soon they will be done selling and up we will go.
Possibly, but health insurance should cover the bulk of his base medical bills. But probably not the cryo stuff. Then again, he would have to pre-pay for most of cryo setup, not after.Also, his wife would be an absolute FOOL to sell all of their btc!! She could live off of that slowly for the rest of her life, and still end up a gazillionaire at the end of it.
BTW the days destroyed won't show it because he moved his coins around a lot.
Hmmm... maybe
Hmmm... maybe
Occam's razor != wildly guessing
Hal stated he did not have a very large stash (I believe it was a few k coins) He did mine in the early days but stopped. (At least that's what I recall from an interview I once read)
There was some analysis on the blockchain showing very very early coins being sold around the peak of the last bubble and it is believed that those were some of his
September 25, 2014, 08:52:19 AM
U.S. citizens (and residents?)
Yup. Basically anyone who is supposed to be filing taxes in the US I believe, including many people who aren't aware of it. FBAR is particularly nasty. Though enforcement appears to be almost nonexistent. Penalties appear to be aimed at Donald Trump's level over sums that would buy a low-end used car.
September 25, 2014, 08:51:42 AM
Guys, why even bother keeping up with the minute to minute.
Here's a summary:
1. Whale pumps bitcoin on PayPal news, hoping to spark a mini-rally
2. Mini rally fails
3. Whale slowly sells off coins
4. Price grinds back down to where it was before rally
Gee, whouda thunk it huh?
Here's a summary:
1. Whale pumps bitcoin on PayPal news, hoping to spark a mini-rally
2. Mini rally fails
3. Whale slowly sells off coins
4. Price grinds back down to where it was before rally
Gee, whouda thunk it huh?
Occam's Razor at its finest
I think Occam's Razor applies to my theory of the price action since June 1st,
Hal Finney's coins are being sold.
PossiblyHe was the earliest adopter and probably had 500,000 coins.
In June, he started selling because he needed the money for medical bills and the cryo project.
So you know for a fact that he didn't have health insurance to cover the majority of his medical bills? Very unlikely.In June, he started selling because he needed the money for medical bills and the cryo project.
His family is still selling. Soon they will be done selling and up we will go.
Possibly, but health insurance should cover the bulk of his base medical bills. But probably not the cryo stuff. Then again, he would have to pre-pay for most of cryo setup, not after.Also, his wife would be an absolute FOOL to sell all of their btc!! She could live off of that slowly for the rest of her life, and still end up a gazillionaire at the end of it.
BTW the days destroyed won't show it because he moved his coins around a lot.
Hmmm... maybe. But his wife would likely have a hard time keeping track of all those wallets. Don't assume that she was tech literate. He most likely consolidated the majority of btc for her to deal with.
September 25, 2014, 08:51:01 AM
gnu bash vulnerability fear mongering going on /r/bitcoin, be safe do your research.
This is why you keep you wallet on a window system
I know this is supposed to be funny, but try to take a look at how long time it takes MS to close their holes compared to the open source world, now thats a real joke.
September 25, 2014, 08:49:18 AM
Just to point out, if you generate your private key on a computer that is connected to the internet, the NSA and a probably a bunch of other people know your private key.
Windows not affected.
No need either, the NSA already have all the holes they could wish for.
September 25, 2014, 08:47:34 AM
gnu bash vulnerability fear mongering going on /r/bitcoin, be safe do your research.
This is why you keep you wallet on a window system
September 25, 2014, 08:47:06 AM
Just to point out, if you generate your private key on a computer that is connected to the internet, the NSA and a probably a bunch of other people know your private key.
Windows not affected.
September 25, 2014, 08:45:46 AM
Ok well done traders and dumpers. Quite the achievement. Pretty much the biggest news we could hope for, Paypal accepting Bitcoin, and you managed to kill the last bit of confidence buyers had and we're back where we were before. But hey, you got your 200 bucks profit right! Edit: actually funny enough most of you most likely ended up losing money because that is simply what the majority of traders do.
Really, well played. I couldn't make this shit up because nobody would believe me that people are this stupid.
Really, well played. I couldn't make this shit up because nobody would believe me that people are this stupid.
Dude, relax. Bitcoin moving from the unpatient to the patient is... actually good news.
September 25, 2014, 08:45:26 AM
He was the earliest adopter and probably had 500,000 coins.
Where did you get the figure from?
just a guess.
September 25, 2014, 08:41:29 AM
Is this something we should be concerned about?
No. If you are running linux, update your system, problem solved.
all the mac users are fucked
oh noez!
(anyone with a mac that has their coins on a hot wallet was likely to have had them stolen before this was discovered)
and now that likelihood increases even more...
September 25, 2014, 08:39:18 AM
Just to point out, if you generate your private key on a computer that is connected to the internet, the NSA and a probably a bunch of other people know your private key.
One doesn't do that. Period.
September 25, 2014, 08:38:54 AM
He was the earliest adopter and probably had 500,000 coins.
Where did you get the figure from?
September 25, 2014, 08:38:10 AM
Just to point out, if you generate your private key on a computer that is connected to the internet, the NSA and a probably a bunch of other people know your private key.
September 25, 2014, 08:37:33 AM
Is this something we should be concerned about?
No. If you are running linux, update your system, problem solved.
all the mac users are fucked
oh noez!
(anyone with a mac that has their coins on a hot wallet was likely to have had them stolen before this was discovered)
September 25, 2014, 08:35:49 AM
Is this something we should be concerned about?
No. If you are running linux, update your system, problem solved.
all the mac users are fucked
September 25, 2014, 08:35:34 AM
Is this something we should be concerned about?
No. If you are running linux, update your system, problem solved.
Thanks!
Jump to: