WTF with network hash rate 
what about it? looks pretty normal to me
more then half network gone fishing
http://allchains.info/
next diff -64%
same on blockchain
https://blockchain.info/charts/hash-rate
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28754. (Read 26619966 times)
March 23, 2014, 10:50:37 AM
what about it? looks pretty normal to me
more then half network gone fishing
http://allchains.info/
next diff -64%
same on blockchain
https://blockchain.info/charts/hash-rate
March 23, 2014, 10:46:31 AM
WTF with network hash rate
what about it? looks pretty normal to me
March 23, 2014, 10:46:27 AM
WTF with network hash rate
Grows about 500thps/diem. Evidently about 400 modern units come online daily.
March 23, 2014, 10:42:35 AM
Something weird is going on at Huobi (in bitconwisdom's charts). A large chunk of the lowest "ask" list (from ~3460 to ~3478) is being moved to the "bid" side and then immediately moved back. But the only trades are in the ~3460 range. A bug in bitcoinwisdom's scripts, or in Huobi's chart server?
March 23, 2014, 10:38:20 AM
WTF with network hash rate
March 23, 2014, 10:02:12 AM
The problem is not the money but the theft
The theft is a problem.The unwillingness of the community (including members of the Shrem Karpeles & Friends Foundations who allegedly lost money in MtGOX) to call the cops is another -- it only encourages other bitcoin businessmen to do the same.
And 10% of all the money that exists being owned (note, "being owned", not just "having passed through the hands of") thieves and scammers is another. Although it is only a detail of the bigger problem of 100% of all the money that exists being owned by a few thousand people.
Quote
For info quite a few criminals using bitcoins have been prosecuted, ex : http://www.bloomberg.com/news/2014-02-09/miami-bitcoin-arrests-may-be-first-state-prosecution.html alleged criminals
That case (like Silk Road and Charlie Shrem) is an example of people being prosecuted for other crimes that just happened to involve the use of bitcoins. BTW, I found another case, of hackers in Germany caught for spreading a bitcoin-mining virus. The GBL case in China is the only one I know of someone being prosecuted for stealing bitcoins (or collecting money through some bitcoin business, such as an exchange, and then failing to deliver the bitcoins).
Here is a link for German hackers and GBL: http://www.bbc.com/news/technology-25217386
March 23, 2014, 09:49:45 AM
There is only one riskless profitable trade at present: Buy on bfx and sell on another exchange. The 563 seller appears to have infinite coins. For more than 24 hours now one person has had total control over the Btcusd rate worldwide. And that person is evidently a self-destructive lunatic.
March 23, 2014, 09:48:28 AM
March 23, 2014, 09:39:08 AM
One is clear, most of these days sellers will regret it quite soon.
March 23, 2014, 09:34:34 AM
I have watched that the HODL word is so much used in this forum. I have searched in almost the whole internet and didn't found anything about its meaning. So I registered exclusively to ask this:
What the f+ck does HODL mean?
What the f+ck does HODL mean?
AFAIK, HODL is a typo that someone made in this forum (maybe on this thread, was it?) which later became a backronym for "Hold On for Dear Life".
It is the advice given by those who want to dump to those who are supposed to sacrifice their money for the noble cause of pushing the price up.
https://bitcointalk.org/index.php?topic=375643.0;topicseen
obligatory reading
March 23, 2014, 09:33:12 AM
The problem is not the money but the theft
This is true of BTC. It is not true of USD.
The principal export of the US is 100$ bills. If Jorge were truly concerned about these issues he would be warning against USD, not BTC, which is currently humanity's best shot at throwing the dollar monkey off its back.
March 23, 2014, 09:26:06 AM
Yes, but then those coins are sold or traded or used to purchase items, they always eventually make their way back into the regular economy or are lost. Just like 99.9% of US dollars have traces of drugs on them. If you don't think that every single paper dollar in existence hasn't been used or will be used for some sort of shady transaction, you are very mistaken. Just because people steal bitcoin doesn't mean that bitcoin shouldn't be used.
The problem (actually, just an aggravant to the main problem) is not coins that have passed through the hands of criminals, but coins that are STILL in the hands of criminals.Quote
Criminals should be stopped and prosecuted, not the currency they use.
Agree 100%, but very few of those criminals seem to be prosecuted. (I know of one case in China,, are there any others?) The vast majority of the "thieves" remained unknown and kept their booty.Quote
I doubt a large percentage of these criminals are just hoarding the bitcoin, they are probably selling it, buying things, and probably losing their private keys to their shady partners
Is that so? If a thief spends a few bitcents of his booty now to buy a pizza, the payment will be visible and the police could catch him by following the delivery boy. As long as he leaves the coins untouched, he cannot be traced through them, and they cannot be taken from him. If he waits for a few yers he may even be beyond the reach of the law. And the problem does not get solved if he has to give the keys to other criminals like him.
EDIT: furtehrmore, 600,000 BTC are not easily spent or sold...
The problem is not the money but the theft
For info quite a few criminals using bitcoins have been prosecuted, ex : http://www.bloomberg.com/news/2014-02-09/miami-bitcoin-arrests-may-be-first-state-prosecution.html alleged criminals
March 23, 2014, 09:23:26 AM
But let's assume for the sake of argument that 10% of bitcoins, at some point was acquired by criminals.
Let us also assume that 100% of all USD originated in a crime.
March 23, 2014, 09:09:32 AM
I have watched that the HODL word is so much used in this forum. I have searched in almost the whole internet and didn't found anything about its meaning. So I registered exclusively to ask this:
What the f+ck does HODL mean?
What the f+ck does HODL mean?
AFAIK, HODL is a typo that someone made in this forum (maybe on this thread, was it?) which later became a backronym for "Hold On for Dear Life".
It is the advice given by those who want to dump to those who are supposed to sacrifice their money for the noble cause of pushing the price up.
March 23, 2014, 08:29:09 AM
Very telling that no bounce is achieved even at current levels. Sorry to be the bearer of bad news, but bear with me: This thing needs to capitulate on incredible volume and a low <50 before we bottom out for good.
Agreed. Also agree 'wot no bounce' looks bad as does spiking number of coins on offer
Question is when is the capitulation, and what happens between now and then
I highly doubt we will be seeing the final capitualtion any time soon, but we may make a new low on this move before it ends.
Time will tell ...
March 23, 2014, 07:47:26 AM
I was surprised to see on this forum (not this thread) people openly asking for "good Ponzi schemes" to invest in. Well, as long as all investors are aware that something is a Ponzi, I suppose that it can be considered a kind of gambling, so it is their problem, their money, and their fun. What is not OK is people who know it is a Ponzi trying to lure new investors without telling them that.
I personally feel that all business startups are Ponzi schemes, say computer, internet, etc. Ponzi is the pattern how the universe operates. It's not a matter of good or bad but a matter of true or false. A Ponzi scheme can only be true by more and more people joining in to the extent that whole community can not live without it. I hope I'm correct here.
The only chance for bitcoin scheme to be true is to let more and more people join in, until the day people can not live without it. Standing at this point though, no body knows whether this will happen. Those who bet bitcoin will win must realize this is a gamble, or currently at Ponzi stage. It could turn out true, or turn out false as well. And they should tell new investors this, if they like. If they don't, that's their right.
What they should not do is telling its a winwin investment by hyping people to join in, some even in an excuse 'religious' of freedom, which is not good, methinks.
March 23, 2014, 07:33:16 AM
seems like a bot is messing with Huobi. the spread is often 3470-3475, but the price keeps falling to 3450 without any volume or trade.
March 23, 2014, 07:23:47 AM
Huobi is getting hot..... wonder why.
March 23, 2014, 07:17:06 AM
I have watched that the HODL word is so much used in this forum. I have searched in almost the whole internet and didn't found anything about its meaning. So I registered exclusively to ask this:
What the f+ck does HODL mean?
What the f+ck does HODL mean?
HODL means HOLD it was an honest mistake from an English teacher who created a Thread "I AM HODLING" he was angry about his girlfriend going to a lesbian bar and Bitcoin price crashing and the fact that he is a bad trader all happening in one day.... so he gave us a good laugh and since then we use HODL, SODL, SHOTR as a slang
this is the original thread if you want to check it https://bitcointalk.org/index.php?topic=375643.0;topicseen
March 23, 2014, 07:16:40 AM
I have watched that the HODL word is so much used in this forum. I have searched in almost the whole internet and didn't found anything about its meaning. So I registered exclusively to ask this:
What the f+ck does HODL mean?
Foundational thread: https://bitcointalksearch.org/topic/i-am-hodling-375643 What the f+ck does HODL mean?
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