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Fiat Faith Faltering? Bitcoin Surges 12% Post-Greferendum Announcement
Like it or not, Bitcoin is an alternative to the fiat fraud money that is the backbone of the status quo. Since Tsipras announced the Greferendum, Bitcoin has surged 12% as perhaps - away from the cornered and manipulated precious metals markets - faith in fiat is faltering...
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What?? JPM need to find a way to corner BTC futures IMMEDIATELY! This cannot stand!
No they Don't....
I am not a fan of bitch-coin but.....
TPTB's goal is to keep assets, savings, investment- whatever you want to call it, IN THE DIGITAL REALM...
With ZIRP and NIRP- i.e Sovereigns no longer want to pay interest on their debt, DIGITAL "CARROTS" MUST BE PRESENTED TO KEEP ALL THOSE DIGITS FROM OVERFLOWING INTO THE PHYSICAL REALM....
ThiS is the essence of PM manipulation. The reason for JPM's massive increase in commodity derivatives.
ALL DIGITAL "CHUTES" ARE PREFERABLE TO PHYSICAL. IF BITCOIN ACHIEVES THAT END, TPTB WELCOME IT.....
A big bitcoin critic has advocated a small allocation. Still don’t trust it but he makes a good argument.
BITCOIN ROCKS !!!
FUCK THE ZH FLAT EARTH SOCIETY !!!!!!!!!!!!
https://www.youtube.com/watch?v=w0aXdY9EcD8
"Surge"?
"You keep using that word; I do not think it means what you think it means."
Just take a look at the right half of this chart:
http://www.kitco.com/finance/bitcoin/
[If it were a patient; the doctors would have called it months ago...]
Your just a little minnoe that will soon be eaten by another little minnoe.
You can cherry pick chart data all you want , fact is bitcoin has increased in price by over 5 million percent in 5.5 years.
Atleast use some data that does not destroy your own argument.
Bitcoin, schmitcoin! What are gold and silver, chopped liver?!? WTF?
SATOSHI WE LOVE YOU UNTIL DETONATION DOES US PART!!!!
If you are not a radical Bitcoiner, you are not worthy of Satoshi!
https://btc-e.com
Bitcoin has forced everyone, life-long paper bugs and gold bugs to re-evaluate what they thought they knew about money.
That's right crazytechnician! Fonestar is still with you, everyone here... the rejects underestimated the tenacity of the radicalized Bitcoiner. Thought this was some fad that was going away... bunch of morons!
Stop please. I'll need to find comparable entertainment if zh retards start to embrace btc.
ZH retards embrace bitcoin ?????????? Will never happen , they are bunker dwellers , addicted to 30 years old prepper food ....
I dont own any, nor will I....
my sole point was: TPTB will endorse any virtual/digital investment over a physical investment....
I did not mention explicitly but it goes without saying that the primar "DIGITAL CARROT" is obviously, equities. That is why the system managers will fight tooth and nail to keep it afloat....
DECENTRALIZED. The single most underestimated characteristic of Bitcoin network. Why? Because before blockchain was invented, building decentralized networks was not possible.
Who has complete control over existing, centralized, digital clearing systems? Banks, govts. Can you view the software source code to validate the system does what it claims it does? Hell no.
Who has complete control over decentralized digital clearing system? Nobody. Can you view the software source code to validate the system does what it claims it does? Yes.
Nothing beats Bitcoin. Nothing!
cryptozealot, here's a flail, the mussies lash themselves to show their loyalty. Prove its better by how hard you strike yourself.
"A big bitcoin critic".... yeah where is Chis Duane with his apology to the cryptocommunity? Peter Schiff? Bill Fleckenstein? Nothing?
The Fed and CB's built a bridge to nowhere...and now the supposed handoff from government and CB's back to private sector is supposed to take place in a rising rate environment and with demographic winter upon us...
http://econimica.blogspot.com/
No, you don't get it. Bitcoin and digital dollars are the difference between going to Australia as a free man to start a mining company and being shipped there as a criminal. Just because the two are in the same domain doesn't mean they are the same, any more than your house is the same as a North Korean death camp.
Their version of the digital realm is centralized and controlled. Bitcoin is decentralized and uncontrollable. If market manipulation is suspected in a given market, the users abandon it for any of the dozens or hundreds of others. It has happened before, and most users are on the lookout for it, and weary, as opposed to users of the various banking systems around the world, who sleepwalk into bank holidays like we saw in Greece.
"Uncontrollable"
Even if that were true - how does that bode well for its users?
In that respect it is like physical gold, etc. Nobody can effectively control what you hold, sell, mine or lose in an unfortunate boating accident.
Hey anony , that's about 80 pip's above their IQ level.
If you want these Flat Earthers to understand that , you need to speak Sloooowwwwllyyy , try explaining a simple equation like 2 x 2 to a retard , they may get it eventually ........
https://www.youtube.com/watch?v=rUa7s3xuqxI
But then how you control its not getting duplicated?
Physical gold has the inherent difficulty of doing that. Digital data... not so much.
1. Within each cryptocurrency's consensus network there are rules. If you follow those rules then you are part of the network - your blocks and your transactions are accepted in the blockchain when you publish them. If you don't - your blocks and transactions are not accepted on that blockchain. Maybe they satisfy some different rules. Then those may form a different consensus network and a different blockchain and a different cryptocurrency. In that case, see 2. The rules of Bitcoin are that you can't duplicate anything and you can only produce so-and-so much bitcoins through such-and-such mining. If you don't know yet why this is and want to learn - you should study Bitcoin's design.
2. For every given amount of cryptocurrency you can very clearly and definitely determine which cryptocurrency it belongs to. That is like telling gold from silver or some other substance. Given that there is no confusion which is which, they are going to have their own market prices, based on their own characteristics, merits and subjective factors. You don't care if there are 10 or a million copycats. If I invent a new base metal alloy and call it NeoGold it does not affect gold or gold's price in any way at all. Not the slightest.
3. As mentioned in 2, each (crypto)currency has its own merits, reasons to value it, reasons to use it, etc. Some factors are quite important. Cryptocurrencies that are based on the same consensus mechanism as Bitcoin need a network of miners in order to be secure (i.e. have limited risks). Nobody knows for sure exactly how much mining power is necessary and how wide a distribution of miners is desirable, but generally, the more - the better. So there are going to be cryptocurrencies that are quite insignificant and others that are quite important for quite a long period of time without being easily affected by the former or by other things.
Another of the usual dancing around the elephant exercises.
The rules of Bitcoin are that you can't duplicate anything
Oh really. So how are those rules enforced?
By consensus too?
If I invent a new base metal alloy
Oh? So why don't you try to invent a new base metal?
Precisely. Is there anything unclear?
When aluminium was first discovered and produced it was a great and very promising thing. It had some great properties, but it didn't completely replace the other metals in their uses. It didn't diminish their value. But it did enable new applications, for which it was used a lot. Same with plutonium. As for, e.g. technetium or francium... not so much. The point is it's not about how many different things you can come up with, it's about their properties.
The crypto-anarchists were fighting the good fight before Zerohedge existed and before 90% of you were stacking. Maybe y'all should try shuttin' up and learnin' somethin'.....
I just saw Jamie trying to corner the LocalBitcoins market.
Bitcoin is one hack away from worthlesness.
Yep, but any lifeboat when the ship is sinking.......
Even a virtual one? No thanks, we'll swim.
Well, I can virtually swim...
I'll bet 1 satoshi you can virtually swim which is a derivative of actually swimming.
I'll then bet 2 satoshi you can't virtually swim which will insure my derivative twice the value hedging me to win when we fail.
Or at least I'll get paid before you do and buy a physical life raft. Sucker.
Too lazy to research the technology before forming an opinion?
But I can't hold it! Blythe Master! Ahhhhhhhhhhhh!
It's like people fighting SMTP because they can't hold their letters when they read them.
Buy you can hold it. And in fact you should.
I strongly urge anyone owning any bitcoin to print their private keys on paper and hold it in a safe. Ideally encrypt it beforehand.
Encrypt by hand, on paper, too?
Reverse the characters back to front and then change every other character to it's next alphanumeric character. Or multiply each character with your dogs age , there are infinite ways to create your own cipher.
And all of those infinite ways constitute strong encryption, correct?
Considering you're encrypting a hash, not english text where language analysis would be useful, good luck knowing if you've managed to crack it or not.
I would assume the hash comes with a checksum... otherwise good luck (to the previous poster) scribbling down bitcoins on paper!
First of all, private keys of the most common standard come with a checksum which can be quickly checked during a brute force attack. Second of all, if there are any bitcoins spendable using the private key that too can be checked for using the information in the blockchain, which is public.
You can't get around either having to remember a relatively strong passphrase or other secret information (this is actually not that hard at all) or having really good physical security (or both).
Bullshit. There is not a checksum involved in keys at all.
Further, adding a check against the blockchain (massive) to brute forcing against a key (multiplied times however many cryptographic implementations you've decided to implement) means timely decryption is *highly* unlikely. Further, private keys do not manifest in the block chain (because they're PRIVATE) so the only way you'd be verifying that would be through actually re-performing the encryption against a transaction known to use the pcorrespodning public key, again, adding massive computational complexity to any brute forcing.
See Wallet Import Format (WIF). We were talking about exporting Bitcoin private keys and printing them on paper, so this is the standard for such purposes. If you encrypt that I will easily know if/when I've cracked it, likely before I even have to go to the blockchain data.
But it looks like you have in mind the raw, 32-byte private key representation, which indeed comes from a random or pseudorandom source. To prove the point about brute force attacks aided by the blockchain data I suggest the following:
Take one of your raw private keys that secures a non-trivial amount of bitcoins (say at least 1 BTC - I don't feel like spending my time for less than that). Encrypt it in a way that leaves a search space of reasonable size, say 100,000,000 possibilities. For simplicity, let's use one known algorithm with 100,000,000 possible encryption keys instead of 100,000,000 different possible algorithms with no secret key (we're only proving the part about checking the blockchain). For example, choose a stream cipher (like something based on XOR) and a key that has about 26-27 bits of entropy in it (67-134 million possibilities), e.g. a random number between 1 and 100,000,000. Send me the encrypted private key, exact algorithm used (could be anything, but please no key stretching and super computationally expensive algorithms, or else reduce the search space) and a definition of the search space (e.g. "the key is 3 bytes of random data" or "the password is a number between 1 and 100000000") and you keep the encryption key to yourself. If I crack it, I keep the coins. Agreed?
Given that a priv_key is just a random number, that would be mostly correct, for no statistical attack can be made.
See my post above.
This is bad advice considering that people have already though of good, peer reviewed algorithms and standards for such purposes. Creating your own cryptography without really, really knowing what you're doing can very easily backfire.
BIP38 is a good and popular standard for encrypted Bitcoin private keys that resists attacks and doesn't require you to remember anything besides the passphrase (a.k.a. password). It is based on AES-256 as the encryption algorithm and scrypt for key derivation. For anyone interested, https://www.bitaddress.org makes it easy to generate BIP38 encrypted paper wallets (source is available, can be run offline).
Apart from BIP38 one could use an Armory wallet encrypted paper backup; Electrum wallet seed, which is easy enough to memorize and practically be used like a brainwallet (without needing any physical storage) among others.
True, true.. But, to be fair, that's not exactly holding "it". It's the means to send "it". Which is all that really matters. It's control without the burden of holding your single valuable object. It's power to transfer without the risk in stashing / moving physical objects.
Bitcoin is a derivative of glass beads and tally sticks. Just a different medium and its subject to a global hacking network. No fucking thank you.
Strange thing to say because the Tally Stick system worked exceptionally well for over 700 years , the gold standard only lasted around 200 years by comparison. Shells also worked for 5000 years. Bitcoin is superior to all of them , in fact it integrates the best features of them all and removes the negative attributes.
https://www.youtube.com/watch?v=rUa7s3xuqxI
Save us the lecture Bill Still. We all know what money is and isn't. If you can't buy your grandfather's neighbors farm with it because he doesn't understand what the fuck it is, it ain't worth shit.
"We all know what money is and isn't."
Hilarious .......
Have you ever considered what money has been , what it could be , and what it should be...
Metals are a shit version of money in the digital age.
https://www.youtube.com/watch?v=rUa7s3xuqxI
I would never expect a flat earther to get past the first 10 minutes ..
LOL@retard.
Please never stop being yourself.
.?
com , net, info, suckadick
mind the trap bitch.
The same can be said about gold.
I hold a lot of gold but I always test my theories. Gold has the potential to be reproduced (possibly), extracted from the sea (at a stupid cost at the moment), or mined from asteroids (in the future possibly)
The dollar global ledger is on it's last legs. Gold either becomes the defacto means of international settlements (after substancial debt builds as it's not that easy to move) or bitcoin..or similar becomes the clearing house as the defacto worldwide ledger.
The days of settling debt by trust is ending rapidly. Trustless and REAL settlement via a decentralized ledger (gold, bitcoin, or a combination to make things move quicker) will happen within 5 years at the absolute maximum.
Hold both and eat your popcorn as paper and debt burns.
potential to be reproduced (possibly)
Yeah, and possibly gravity forces go on strike tomorrow.
https://en.wikipedia.org/wiki/Synthesis_of_precious_metals
Necessary energy investment? Harvest factor?
Resulting rough estimated minimum cost of such an approach?
The public internet is a harsh environment. If something's going to get hacked it's gonna get hacked almost right away...
Technology obsoletes itself, has been exponentially. What are you going to do to protect the block chain from the future of quantum computing hackers doing cyberwarfare?
NOTHING.
Hey heres an idea.. you get silver considering the elemental make up is perfect as a raw resource for technology. Amongst other fantastic properties.
But that would be a stupid idea. Dump that fiat into bitcoins.
Quantum hacks bitcoin, yawn. Do some googling instead of making a nonsense claim.
Oh this shit is real.
I am sorry, but I just don't believe that bitcoin is somehow not part of controlled opposition. There are a lot of other "digital currencies' and you never hear about them. So for me, that is a give away. Just saying. They run pretty much everything we see. Frankly it is always difficult to sort fact from fiction. And that includes Bitcoin. http://www.thetruthaboutthelaw.com/they-promote-every-side-to-constantly...
You don't hear about them because they have very small market caps. Bitcoin has the first mover advantage, but the technology is outdated and will get harder and harder to use as time goes on. I personally like Dash, with its instant transfer confirmations and strong transaction obfuscation (ie anonymity) abilities. But I dumped it for Bitcoin because that is the only one anyone has heard of, and it will be the go-to crypto for circumventing capital controls for the next little while.
It's only about 2% of my portfolio, but it is very, very important to the future. Those who naysay it are going to be kicking themselves in the future. Technology will continue to progress. We aren't going back to carts and buggies after this crisis. Much more likely the people will move to crypto, and then the blockchain will enter the public consciousness, and they will finally find colored coins, which make nearly all the internal functions of governments obsolete.
But... but what if you miss out in Dogecoin, Sagecoin, or ReggieCoin?
Do you also play every lottery each week?
Remember: you gotta be in it to win it!
Remember the Alamo?
You got to be out... to redoubt.
And that's the problem with cryptos. There are an infinite supply of alternatives that do exactly the same thing. That's whey they are fine for transactions, but not as a store of value.
Here's a cool image of distributed networks
http://networkcultures.org/unlikeus/wp-content/uploads/sites/2/2013/03/n...
There is no point of control
Afterall .... Blythe Masters is on the fluffer pump team for bitcoin. She left the precious metals rigging department at Chase JP Morgue to hand job the bogus bitcoin market.
BTW, have you pro bitcoin pumpers sniffed out the pump and dump teams on twitter? They're like Fury Road War Boys. The FTC doesn't give a fuck about bitcoin going to the moon and cratering to the center of the earth.
Bitcon is an intentionally failed paradigm to prepare you emotionally for the real deal digital beast the Phoenix. Then you'll really squeel like the little girls you are.
Please stop spreading misinformation.
Blythe Masters is doing her own thing which has nothing to do with Bitcoin itself. She is trying to profit from the current spotlight on Bitcoin, but her "technology" is just bloatware, a cheap copy of the real thing without any of it's inherent benefits. She intentionally never mentions the word Bitcoin in any of her interviews or statements as she is of course scared of Bitcoin and it's decentralized nature. Her "technology" is obsolete but maybe she can IPO quick enough before anyone gets it so someone else will be left holding the bag... again.
It's open source software with a transparent ledger for fucks sake. Wtf is wrong with you?
apparently, the govt has no interest in manipulating BC. is because they can't or because they choose not to?
If you see a Bitcoin derivative market being created then you will know that .gov is on the case.
The giggle is any asset transfer and settlement network will be much more expensive to operate than Bitcoin network itself. Trading gold derivatives makes sense because gold is hard to move. Trading Bitcoin - self-policing, decentralized, provably correct - using old fashioned centralized, slow to clear and reconcile settlement networks would be pure idoiocy.
You should really know your enemy better: listen to Blythe Masters - she actually understands that Bitcoin blockchain is a revolution in asset registration and settlement. Obviously since she or her minions can't beat it, she will join it and try to leverage it. (By the way, watch her pathethic attempt to avoid the word "bitcoin" and replace it with "digital ledger").
https://www.youtube.com/watch?v=PZ6WR2R1MnM
She will not join it though, her company is not using the Bitcoin blockchain. That's why she is trying to avoid the word, Bitcoin is a direct competitor to her service. It's going to be beautiful to watch her attempts falter.
Try to get your facts straight. They are using the OpenAssets system, which lives directly on the Bitcoin blockchain ....so her company IS using Bitcoin
No bitcoin derivatives just yet, but how does an ETF strike your price manipulating fancy?
http://www.cnbc.com/id/102549768
Or the fact that bitcoin transfers are notoriously easy to trace, even when using proper address hygine with recursive wallets like Electrum?
http://cointelegraph.com/news/113207/coinbase-is-tracking-how-users-spen...
Crypto as a concept still fascinates me; own some for a rainy day. But fuck, if you still think the blockchain is "private" in any sense of the word, you're an idiot. Here's one such company dedicated solely to blockchain analysis, including attaching names and IP addresses to transactions. And with the centralization of mining through large (mostly Chinese) ASIC farms, it's hardly even decentralized these days.
Other coins have come along to fix these flaws and then some, but bitcoin remains the "Gold Standard" here; a dangerous gambit, as its most ardent and vocal supporters are also the same crowd who refuse to acknowledge basic flaws in the protocol and FIX THEM.
But hey, sidechains are coming sometime next year, right? Fuck me.
It's being sabotaged from the inside, lobbies realized they can just buy some devs to create controversy. This will not stand for long though.
Altcoins are even more dangerous so I wouldn't advocate them to someone who doesn't really understand crypto at all yet.
Sidechains or not, you can't really improve traditional money while Bitcoin will remain in constant development.
While lobbying groups, chain analysis companies, Trojan Horses like CoinBase, and the rise of bitcoin ETFs are more than disconcerting enough, who needs them when you've got the impotent, corrupt Bitcoin "Foundation" controlling which versions of the codebase get pushed to the miners? What incentive do these massive and centralized ASIC farms have to jump ship to a more secure, private fork if it means rejected shares?
What incentive do people have to abandon centralized, closed-source payment platforms like PayPal that track and trace you twelve ways to Sunday for a somewhat less centralized, open-source payment protocol like bitcoin that still tracks and traces you?
I hope you don't take this as a personal affront, but your attitude is precisely what concerns me about bitcoin development over the past two years. "Things will continue to develop in the bitcoin space, just chill and ride your coins to the Moon" is the creedo today. Well, things are certainly developing, just not in line with the principles that originally underlined decentralized crypto. Quite the opposite.
I agree with Peter Todd when he said (and I paraphrase), "The only thing needed to destroy bitcoin is a lot of money." Well, the money's here now, and the bitcoin "community" embraces it as "exciting venture capitol investments." Puh-leeez. Of course, Todd was referring to a 51% attack, (which should probably be referred to as a ~30% attack as it can be accomplished with this small a network percentage,) but why destroy bitcoin when you can subsume it? Just wait until pricing mechanisms for BTC are set on Wall Street via ETFs as opposed to the coin exchanges of today, that's when things get really interesting.
...but hopefully soon, sidechains are coming, and after that, smart contracts! By then, I'm sure the Russkies and the Chiners will be air-dropping gold to the dairy farms of the Midwest and we'll all be geared up to move to Mars with Elan Musk, where we can build an anarchist compound overlooking Olympus Mons free from the rule of Central Banks.
Reductio ad absurdum aside, I'll believe it when I see it.
-Love,
A Disheartened Crypto User and Miner
I'm on your side here, I just think the protocol is designed in a way that will survive most attempts at sabotage.
First a X% attack is just not really useful as you can double-spend only once per successful attack, with everyone seeing it happen live, which would in turn lead to counter-measures and probably devaluation. Also the network is growing and even if there is some venture capital now, it's far from the money you need to build a server farm to attack the Bitcoin network.
About innovation - well just tell me a single open source project that grows at the same pace and attracts the same kind of people (smart ones) and money. Innovation was confined to closed up secretive private companies, who really only are about making a profit and not necessarily benefitting anyone. Yes they might do a valuable service sometimes, but that's not a given, just look at HFT - the last innovation coming out of Wall Street, zero value for the common individual. With Bitcoin there will only be adoption if it provides some kind of value or use to the people, so there is no capitalist afterthought here, it's about usefulness.
Miners have incentive to keep their investment alive, those rigs need to run for some time before they start being profitable. They also want to stay in a network where transactions are happening (fees).
The "foundation" was a shitty idea from the beginning. I don't think they can push any versions onto miners though, from what I know they have no real power.
People don't need to abandon PayPal if they like how they conduct their business, but what if the company goes bankrupt? What if they get in a dispute and their account gets closed? It's a free world, but I think people will realize which option is best for them. Some might just take way longer than others.
I'm certain we have far more ideological camraderie in this sphere than our conversation thus far has enumerated; I merely seek to challenge the more utopic (or even overly idealistic) aspects of bitcoin as a whole. Transferring money around the world with little to no fees and no middlemen. Get it, got it, good.
But "Open Source" isn't some Silver Bullet against financial (or even software-based) tyranny. Look at the Linux space: Wonderful, open-source software with lots of free programs and unparalleled customizibility. Its most popular distributions in the modern era, however, are overwhelmingly based on Canonical codebase, whose operating systems have essentially become Amazon spyware.
Is this still better than Windoze? Sure, but the difference seems more marginal by the day. Much like is currently happening in bitcoin, Linux users are now forced to choose between corporate distros that are ready "out of the box" and spyware-free distros that require much more technical know-how; the former are, by far, the larger install base, even among this OS niche.
The financial niche of crypto is evolving in an almost identical manner; I would liken the number of CoinBase users to Electrum users who practice proper cold-storage and encryption with the number of Ubuntu users versus, say, FreeBSD. Both are open-source, but only one of those users is actually "secure" in any meaningful sense of the word.
I've also never seen a full code audit of either Ubuntu or bitcoin. One could exist, but not that I've personally come across.
I love technology, the liberation it provides, the friends I've made through it... but dude, we live in a world where NSA spyware is installed in the BIOS of HDDs and SSDs by the manufacturers themselves. Maybe, just maybe, bitcoin is a part of the plan. Just like the Federal Reserve Act was passed initially as a measure against the overtly dictatorial "Aldrich Plan" and later morphed into the monstrosity it is today, perhaps bitcoin will follow the same fate, whether synthetically or organically?
Regardless, the trajectory of bitcoin's course is NOT positive for human Freedom at the moment, nor has it been for at least the past year. This much is undeniable.
Expect that bitcoin has a public, publicly verifiable ledger.
You can create as many derivatives as you want, the blockchain does not give a shit.
Right now they choose not to, but it's important to remember that our fair and open minded government is deeply inside the internet backbone and it's a very simple thing to stop bitcoin transactions from routing.....
You would have to pull the plug on the entire internet to stop bitcoin , in every country on the planet. That would stop everything , including ZH , and online banking.... You think that's feasable ?
Nope, the thing that makes it secure also gives it a unique 'fingerprint'. We've had deep packet inspection for a long time and it would be easy to drop packets, but not to worry, the NSA can track where they came from and where they went. Of course our govenment would NEVER come knocking at your door at 4am with a swat team.
Your talking about 1 country that's about to get flushed down the shitter. Where we are we can route IP over a CB radio if necessary. Let's see some deep packet inspection on that.
BTW , never hear of ToR ?
Bandwidth, and ham radio would work better under the right conditions. As for the one country thing, external routing is even easier to suppress......
You clearly have never heard of ToR or VPN ? If you want to argue the point atleast get something valid before pitching it.
You mean this VPN?http://www.businessinsider.com/vpn-vulnerabilities-compromise-user-priva... You also might want to remember how they shut down Silkroad.......
Silkroad was shut down because a forged passport was posted to an incorrect address by accident. It was not a compromise of ToR. And BTW , if you set up your own private VPN with strong private keys then it cannot be compromised. If you use an external VPN Service Provider then of course they can pass any of your meta data to the athorities in fact they are required to by law.
Your arguments are weak at best.
https://www.youtube.com/watch?v=rUa7s3xuqxI
Still nope, good old social engineering...from the inside... did it. Read the trial transcripts......
http://www.pcworld.com/article/2928752/tor-connections-to-hidden-service... You might want to remember, your relying on the public backbone and the NSA flags EVERYTHING that's encrypted. By the bye, I read 'Atlas Shrugged' in 1972....
" I read 'Atlas Shrugged' in 1972...."
Shame you did not 'get it' , same as you do not 'get' bitcoin.
Yeah, ever heard of the various successful attacks by infiltrating the endpoints?
CBs are a bit low frequency for that, but the ham/GMRS bands would be suited for the task. In fact, there's already a group hard at work trying to do just that, but it ain't as simple as you're making it out to be:
http://www.broadband-hamnet.org/
Repeaters are still your centralized bottleneck, though. Thirty years ago there were probably enough amateur (and pirate) setups to facilitate a nationwide (or even statewide) network of this ilk, but from my experience trying to hit towers lately, the coverage simply isn't there anymore.
Wish there were, though, because with all this blathering on about encrypted tunneling and military-created routing technology, the analog bands remain almost entirely unmonitored in the 21st Century. A good portion of the NSAs job used to be combing the airwaves for Morse Code transmissions; now everyone who knows how is either dead or retired.
I used that as an example , as a kid I managed to get around 2600 baud over a couple of miles on audio @ 27Mhz FM , full of errors of course.
Fascinating! The era of BBSes, 300 baud connections, and Phone Phreaking are a bit before my time, but it's encouraging to know it can be done.
It was a golden age , and I was just a kid (still am really!!)
That's pretty fascinating in itself seeing as how 27MHz/11Meters is the nosiest band out there... well maybe except for 2.4GHz. Fonestar hangs out at 27.425 MHz LSB.
Yeah , we made our own RTTY frequency shift keyers , supposed for phone lines they worked okay over CB as well . fkin hilarious when I look back at it.
You can't do DPI on encrypted traffic, so that's one easy way to make DPI ineffective.
It's hard to manipulate a market that is decentralized. This is why gold and silver can be down in the face of Armageddon--its price is set by a single futures market which is in theory influenced by OTC markets. Once the centralization breaks down, it will again be impossible to keep the prices down. BTC is already that way, just with a lot less exposure--market cap is something like 0.1% that of heavily manipulated gold.
It is hard to manipulate unless you've written and handpicked the crptography. Open source is futile when it takes decades or centuries to crack backdoors. Why do you suppose the big banks promote it?
The paper trade is the "preferred method" to discredit any decentralized global currency. May be banksters will start trading bitcoin futures as part of their commodities/fx business.
Bitcoin cheerleaders in 3...2...1...
ZERO...
BITCOIN ROCKS !!!!!!!!!!!!!!
https://www.youtube.com/watch?v=VsuSpei9cf8
BITCOIN = FREEDOM
Right, where's the Chief Bit Clown that was active here in 2013?
You mean the clown who is now probably sitting on his yaght in Tahiti surrounded by a bunch of tanned 19 year old honeys ? Yeah , fonestar , yeah , what a dumb-a$$ he was ....
Indeed, what a kook! But you're right, he's probably on his virtual yacht, having his very real ego stroked by virtual honeys....
The jerk who promoted it when it was high then disappeared can buy a yacht with the loot he sold his soul for.
He was promoting it at 10 bucks. Call me back when it hits 10k.
Survivorship bias?
(For the mentally challenged: so nobody else was promoting other stuff here which then cratered?)
Ahh , you must be talking about the gold & silver promoters on here then ?
https://www.youtube.com/watch?v=rUa7s3xuqxI
gold & silver became close to worthless? When, enlighten us!
gold & silver have a cost of production just as bitcoin has a cost of production. But for arguments sake gold & silver will become worthless around the same time bitcoin will became worthless.
Much of Silver mined is costed as a byproduct credit, its true cost not fairly represented, or at least respresented within the price of copper or payable metal to which it is being credited against.
If your theory holds up, that is.
Thanks, but thanks, I chose not to depend on that.
(Ever estimated the cost to design a competing crypto-currency, or even lots of them?)
"He was promoting it at 10 bucks. Call me back when it hits 10k."
fonestar's PAL bought his first Bitcoin at $16. It was a definite life-changing experience for fonestar firing up the QT client for the first time and sending BTC. Will never forget it!
Yeah , sorry man I thought it was around 10 bucks , not far off though hey ..
Nice to get your new handle fonestar ....... These Flat Earth fuckers will soon be taking it up the shitter large style by slagging off the bitcoin baby ....
Bitcoiners should have been their natural ally, instead they want to spew stupid conspiracies about how Bitcoin is a TPTB ops. Bitcoin is the very last thing TPTB want.
I'm hearing you loud and clear on that one ... Seems like not only are they not interested in learning anything at all about this brand new technology , demostrating some extreme ignorance but they also somehow want to fuck themselfs at the same time. Very bizarre behaviour if you ask me ..... Each to their own I suppose.
"Indeed, what a kook! But you're right, he's probably on his virtual yacht, having his very real ego stroked by virtual honeys...."
Well n0 virtual Y@cht yet, but fonestar PAL has been doin' alright with the ladies this summer lol......
"Right, where's the Chief Bit Clown that was active here in 2013?"
Right here. Right now in 2015. Clowning out your douchehole. Rounding the crownflopper.
2015 there's a whole lot of clowns around now, I like it.
I remember times when I thought this fonestar guy was the only sane person on this blog, people are still very negative towards this amazing technology but I can feel the ice melting.
Bitcoin cheerleaders are here!
Cryptocurries have allowed anyone to become their own hedge fund. And yes, this means accepting the same level of risk...
No risk no fun, the constant "de-risking" banks are trying to force down our throats is nothing but fraud.
Sure they take no risk because the taxpayer does instead. Awesome.
Whats up with flash smash higher in PM's?
DB in trouble??
Who cares what Bitcoin is worth? You can use it to get around capital controls regardless of price..
and the CIA/NWO then knows exactly how much money you have and right where it went.
Bitcoin isn't used to transfer holdings, it is used to identify and track them. The blockchain stores the record forever.
Indeed it stores the record forever, but identification of users is not as easy as you make it out to be.
I can anonymously get Bitcoin from a local merchant or tumble them online to make tracking impossible. Also, nobody will ever know if I actually have the keys to any given address. Plausible deniability is big here, and it's not even necessary as there are ways to just stay completely anonymous.
So, for now there are some small hurdles to completely mask your financial information, but it's possible and it will get easier with further development.
yep, look into Monero for what a real electronic-cash is like, don't buy into this Bitcoin/NWO propaganda.
The blockchain stores the ledger of spent coins so they cannot be double spent you moron. If there was no ledger then coins could be spent multiple times or fake coins could be created from thin air.. With sensible wallet use it is possible to have 100% absolute privacy with bitcoin. In fact you decide your own personal level of privacy with bitcoin.
That's a little too much information for Flat Earthers to understand.
But gold and silver are down again today....WTF....the world is falling apart and even Bill Gross says go to cash...and gold and silver are down...I just do not understand...anymore
That's exactly what TPTB wants us to think.
I bought some fairly recently at a slightly higher price, but if the prices drops more I'll have to buy more.
It looks like Greece is too small to make enough people panic. Remember how people ignored Hendry's "I recommend you panic" few years back? And that was before the CB fucks promised they'll print until they drop.
Thats the whole arguement for Bitcoin - do you think you can get out of Greece with $100,000 in gold coins? You can transfer Bitcoin into an exchange like Bitgold instantly - and buy physical gold today - to be stored and insured in a Brinks vault of your choice...
100k in gold, takes up about the same volume as 3 rolls of quarters. I'd bet many a greek cornholes more than that on a regular basis.
Point taken, but why take the risk and discomfot?
Hegelian Dialectics at play.
EURO ZONE OFFICIAL SAYS "NO WAY" EUROGROUP WILL RELEASE FUNDS FOR GREECE TO MEET IMF PAYMENT TONIGHT - RTRS
...and stocks rally on this news?
No big deal. It is the first global currency. But the price move is nothing. It did much more than this 2 months ago and fell back down. I believe it is one of JPM commodities/FX markets now.
I thinlk you will find gold & silver to be the first global currencies. BTW , dismiss bitcoin at your own expense. This technology will not be superceded in the forseeable future.
BTC.
BTChez.
So when everything shits the bed a digital currency is going to be worth? I'll take gold and silver, in physical form.
You really think Greek Grannies are buying Bitcoin? Or anyone else facing a currency crisis? Do you really think you can trust something Wall Street is using to gamble with.
Bitcoin is going up because people are trying to frontrun others on a momentum trade based on pure bullshit. That is how Bitcoin launched over $1000 during its mania phase. Morons chasing other morons. Wall Street pigs have millions of Bitcoin they want to unload for a handsome profit. They use their tactics of propping up value to get people to chase the wagging tail.
Bitcoin was created by the same people the supporters of Bitcoin are trying to rebel against. You defeat a revolution by secretly getting the revolutionaries to fight for you. Bitcoin was used to root out competition to the CIA drug/arms/human trafficking rings. Getting suckers to trade real money for computer code was just a bonus.
Oh and I have researched Bitcoin, a lot. I was aware of Bitcoin when it traded for fractions of pennies before the cryptocurrency craze. A few CS friends of mine mined some Bitcoin with their GPUs for fun and made a couple hundred dollars. They all said they wouldn't touch it again, knowing where it really came from.
It wouldn't be surprising, if what you say is true. But can you stand it up with some evidence? TIA.
@adr
just saying.... if you owned bitcoin for pennies and sold too early (premature evacuation happens), of couse you would never touch Bitcoins again because the fear of being a loser after giving up a momentous profit.