So what happens to Bitcoin now? - Page 3 - TigerDroppings.com

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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: So what happens to Bitcoin now?


quote:

Sounds like a corporate raider. Sorta


Yea, I mean, they only listed Facebook pre-IPO, but yea

Facebook on SecondMarket

you guys crack me up.

and I hope you morons don't actually believe a thing that LSURUssian posts because I really believe he is mentally retarded.






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
55628 posts

re: So what happens to Bitcoin now?


quote:

Yea, I mean, they only listed Facebook pre-IPO, but yea


Then you really have proven Russian right. It says that they were contacted by Facebook owners (former employees) looking for liquidity. I imagine that they gave them liquidity at a huge discount.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80169 posts

re: So what happens to Bitcoin now?


quote:

I hope you morons don't actually believe a thing that LSURUssian posts

I was quoting the links you provided or the corporate links which were within the links you provided. Are you now saying your links contained incorrect information? Is there any more incorrect information you've provided us which we should ignore?


quote:

because I really believe he is mentally retarded.
Don't judge me!!!






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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: So what happens to Bitcoin now?


quote:

Then you really have proven Russian right.




come on dude, you can't be that stupid, can you?

Facebook was a "distressed asset" pre-IPO?






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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
55628 posts

re: So what happens to Bitcoin now?


quote:

come on dude, you can't be that stupid, can you?

Facebook was a "distressed asset" pre-IPO?


It's the same concept. Someone was looking for liquidity. And that market likely bought it for a song. I don't think it's distressed but the concept was buy below value and sell above that for a profit.


ETA: the same thing happened this year in the REIT market. No liquidity but users wanted out. Tons of companies opened up to buy those REITS for a song



This post was edited on 10/2 at 2:17 pm


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BennyAndTheInkJets
Arkansas Fan
NYC
Member since Nov 2010
3845 posts

re: So what happens to Bitcoin now?


"Wow, so much going on the markets right now"

"Fiscal policy is in shambles and Obama himself saying monetary policy is taking the market's burden entirely"

"Italian politics have had a roller coaster the past couple days"

"Japan raises consumption taxes for the first time in two decades and the second time EVER"

"Let me go over and look at Money Talk, I'm sure there are some interesting discussions going on."


First thread: So what happens to Bitcoin now?

goddamnit.jpg






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80169 posts

re: So what happens to Bitcoin now?


quote:

Facebook was a "distressed asset" pre-IPO?
Yes. Once again you show your complete financial ignorance. Facebook was very illiquid pre-IPO. SecondMarket Holdings provided liquidity to FB because of that.

quote:

Founded in 2004 by Barry Silbert, SecondMarket Holdings, Inc. (DBA as SecondMarket) is an online marketplace for illiquid, restricted, and alternative investments.
LINK






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80169 posts

re: So what happens to Bitcoin now?


Benny, it looks like wiki is needing another of your finance lessons like you gave him on currency pricing procedures a few months ago. You remember the one, where he disappeared completely for weeks after you schooled him on currency exchange operations and pricing after he made of fool of himself making up his own version of how currency exchanges set their bid/ask prices.







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boosiebadazz
Member since Feb 2008
45284 posts

re: So what happens to Bitcoin now?


I have to admit that I'm not well-versed enough in high-level finance to offer you a meaningful discussion, but I'll read the shite out of whatever you write.





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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
55628 posts

re: So what happens to Bitcoin now?


quote:

Facebook was very illiquid pre-IPO. SecondMarket Holdings provided liquidity to FB because of that.


I ALREADY SAID THAT YOU a-hole PLAGIARIST






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80169 posts

re: So what happens to Bitcoin now?


Well.....that means you were right.





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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
55628 posts

re: So what happens to Bitcoin now?


You should cite my work from now on





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80169 posts

re: So what happens to Bitcoin now?


Yessir, boss.





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BennyAndTheInkJets
Arkansas Fan
NYC
Member since Nov 2010
3845 posts

re: So what happens to Bitcoin now?


Honestly, I have almost the exact same thoughts on BTC as boosie posted on the previous page:
quote:

For the record, I don't "hate" on it. I think the technology is interesting, but I don't see it being as ubiquitous and revolutionary as you do.

I really like the technology, it's interesting and beautiful in its simplicity. I just don't see any possible way that crypto currency will be accepted as widely as is implied by the supporters in its current form.






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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
14995 posts

re: So what happens to Bitcoin now?


I recall telling you one of the vulnerabilities to the anonymous use of Bitcoins are the access and egress points of the Tor network. Well the feds hit a home run, and got them for one user. Identifying DPR is just the tip of the ice berg, and they will now have fixed points from which to track everything that hit the Silk Road server. The feds will be able to analyze traffic to and from the server for Silk Road, and hone in on every user they wish. This includes all of their Bitcoin transactions. I expect we will be reading about the feds seizing large numbers of Bitcoins from persons who were conducting illegal activities on the Silk Road.

When do you think the feds actually identified DPR, and how long have they been monitoring Silk Road and gathering usable information about the user of Silk Road? I'd be willing to bet is has been for more than one year. The NSA, and law enforcement agencies, will be busy for quite some time analyzing all of the information they will have gathered from the Silk Road server.






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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: So what happens to Bitcoin now?


quote:

are the access and egress points of the Tor network.


and they didn't use those to identify him at all.


they identified him because he was a dumbass and used a screen name early on to promote SR that was also associated with his real name on other forums

so, once again, Poodlebrain rambles on about technology when he really has absolutely no understanding of what he is talking about






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80169 posts

re: So what happens to Bitcoin now?


quote:

he was a dumbass and used a screen name early on to promote SR that was also associated with his real name

Are you saying he previously used as his screen name his first name plus his initials and used that screen name across many forums and social media sites?

Who would be so stupid to do something like that?






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PhifeDogg
New Orleans Saints Fan
Stankonia
Member since Mar 2006
3214 posts

re: So what happens to Bitcoin now?


quote:

. Well the feds hit a home run,



I guess, kinda.. But I don't think all that you think was compromised, was actually compromised.


SR never had a record of the sellers (names, addresses). a few may get popped if they have incriminating evidence in their SR inbox, but most will be able to move their biz to BMR and continue with just a small hiccup in their life.

Buyers had more risk
in this business model than sellers, and the reputable sellers were beasts from what I hear. "Beasts" in that their usernames are like brand names in the underground market. Just using their usernames on whatever new market they choose will bring their legions of buyers back to them.







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CP3LSU25
LSU Fan
Lafayette
Member since Feb 2009
34896 posts

re: So what happens to Bitcoin now?


quote:

Translation: "Russian and several other posters on this board predicted this would happen and I was wrong when I said it wouldn't happen which is really, really embarrassing since I called all of them dumbasses many times. Now it's obvious I'm the dumbass so I'll just continue to call them trolls. "


I've been lurking the bitcoin threads for a while and this is perfectly said






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80169 posts

re: So what happens to Bitcoin now?








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