bitcoin tinfoil-hattery
Theory of the day: 1) Naked short bitcoin (not sure how, but I'm sure some bankster did) 2) http://blog.cex.io/news/cex-io-temporarily-suspends-cloud-mining-services/ 3) use profits from shorting to hire cex.io 'idled' capacity 4) double-spend on competing exchanges (or against competing investors funds) 5) buy an island or three, or a politician or 5 Plausibility on a scale of 1-5 .. I say 4, what say you all?
On Tue, Jan 13, 2015 at 3:01 PM, Troy Benjegerdes <hozer@hozed.org> wrote:
Theory of the day:
1) Naked short bitcoin (not sure how, but I'm sure some bankster did) 3) use profits from shorting to hire cex.io 'idled' capacity 4) double-spend on competing exchanges (or against competing investors funds) 5) buy an island or three, or a politician or 5
Plausibility on a scale of 1-5 .. I say 4, what say you all?
There are certainly some people with a plan... make money on both the up and down. Mining is experiencing a hiccup but not affecting tx flow or fees yet. What will the next Bitcoin peak and return look like? The path new currencies and economic models take to stady state is interesting. It's good to have them appear once in a while. If you're buying politicians from your Bitcoin plays, both of you probably need Bitcoin to continue to exist. Longer existance results in better legitimacy, stability, and more participants in the average... making some games a bit harder to play.
Plausibility on a scale of 1-5 .. I say 4, what say you all?
When trying to execute a pump&dump scheme, it is more effective to attack something thinly traded, assuming, of course, that there are enough marks available to fleece. In other words, pick a different coin: http://alt19.com/19/cryptocurrency.php --dan
On Wed, Jan 14, 2015 at 10:46:40PM -0500, dan@geer.org wrote:
Plausibility on a scale of 1-5 .. I say 4, what say you all?
When trying to execute a pump&dump scheme, it is more effective to attack something thinly traded, assuming, of course, that there are enough marks available to fleece. In other words, pick a different coin:
http://alt19.com/19/cryptocurrency.php
--dan
Interesting, what do they mean by 'capitalization hard limit' A couple of those coins have ongoing block rewards that never drop to zero, or proof-of stake, so there's not really a hard limit. And then there are non-obvious bugs that can blow up.. And it's rather important to read the code and not the coins marketing. Some of this stuff is kinda hilarious https://github.com/fourtytwo42/42/blob/master/src/main.cpp#L835
A couple of those coins have ongoing block rewards that never drop to zero, or proof-of stake, so there's not really a hard limit. And then there are non-obvious bugs that can blow up..
To a libertarian, inflation is a "bug", but not necessarily to others. Models that allow infinite inflation over a long time-period are different economic models, rather than badly implemented crypto-code. Personally, I think inherently deflationary is a bad economic model, so I'd be more inclined towards an inflationary currency. On 15/01/15 04:24, Troy Benjegerdes wrote:
On Wed, Jan 14, 2015 at 10:46:40PM -0500, dan@geer.org wrote:
Plausibility on a scale of 1-5 .. I say 4, what say you all?
When trying to execute a pump&dump scheme, it is more effective to attack something thinly traded, assuming, of course, that there are enough marks available to fleece. In other words, pick a different coin:
http://alt19.com/19/cryptocurrency.php
--dan
Interesting, what do they mean by 'capitalization hard limit'
A couple of those coins have ongoing block rewards that never drop to zero, or proof-of stake, so there's not really a hard limit. And then there are non-obvious bugs that can blow up..
And it's rather important to read the code and not the coins marketing. Some of this stuff is kinda hilarious
https://github.com/fourtytwo42/42/blob/master/src/main.cpp#L835
-- Twitter: @onetruecathal Phone: +353876363185 miniLock: JjmYYngs7akLZUjkvFkuYdsZ3PyPHSZRBKNm6qTYKZfAM peerio.com: Use email or phone. Uses above miniLock key.
On Thu, 15 Jan 2015 11:26:22 +0000 Cathal Garvey <cathalgarvey@cathalgarvey.me> wrote:
A couple of those coins have ongoing block rewards that never drop to zero, or proof-of stake, so there's not really a hard limit. And then there are non-obvious bugs that can blow up..
To a libertarian, inflation is a "bug", but not necessarily to others.
LMAO!!!! Of course. To a parasite, the ability to steal isn't a 'bug' but a feature.
Models that allow infinite inflation over a long time-period are different economic models, rather than badly implemented crypto-code.
Personally, I think inherently deflationary is a bad economic model, so I'd be more inclined towards an inflationary currency.
On 15/01/15 04:24, Troy Benjegerdes wrote:
On Wed, Jan 14, 2015 at 10:46:40PM -0500, dan@geer.org wrote:
Plausibility on a scale of 1-5 .. I say 4, what say you all?
When trying to execute a pump&dump scheme, it is more effective to attack something thinly traded, assuming, of course, that there are enough marks available to fleece. In other words, pick a different coin:
http://alt19.com/19/cryptocurrency.php
--dan
Interesting, what do they mean by 'capitalization hard limit'
A couple of those coins have ongoing block rewards that never drop to zero, or proof-of stake, so there's not really a hard limit. And then there are non-obvious bugs that can blow up..
And it's rather important to read the code and not the coins marketing. Some of this stuff is kinda hilarious
https://github.com/fourtytwo42/42/blob/master/src/main.cpp#L835
On Thu, Jan 15, 2015 at 02:52:22PM -0300, Juan wrote:
On Thu, 15 Jan 2015 11:26:22 +0000 Cathal Garvey <cathalgarvey@cathalgarvey.me> wrote:
A couple of those coins have ongoing block rewards that never drop to zero, or proof-of stake, so there's not really a hard limit. And then there are non-obvious bugs that can blow up..
To a libertarian, inflation is a "bug", but not necessarily to others.
LMAO!!!!
Of course. To a parasite, the ability to steal isn't a 'bug' but a feature.
Libertarians are such easy marks... http://quickercoins.com/42coins/ Can you tell if 42coin is inflationary, or follows proper orthodoxy and actually has a hard limit? The problem with Ultra-orthadox religious libertarians is they can't seem to believe that the code might do anything other than what the marketing says it does.
participants (5)
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Cathal Garvey -
dan＠geer.org -
grarpamp -
Juan -
Troy Benjegerdes