Here's why Bitcoin is the future of money | Page 5 | TigerDroppings.com
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LSURussian
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Member since Feb 2005
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re: Here's why Bitcoin is the future of money

quote:

a $5000 ransom

Are you saying they didn't ask for the ransom to be paid in bitcoins? Interesting.....


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LSURussian
LSU Fan
Member since Feb 2005
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re: Here's why Bitcoin is the future of money
quote:

I'm surprised it didn't drop lower than that.

The day's still young....


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LSURussian
LSU Fan
Member since Feb 2005
85148 posts
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re: Here's why Bitcoin is the future of money
Why would one retailer's service being interrupted cause such a drastic drop in price for btc?

Don't all of those thousands of other businesses which you claim accept btc carry any weight in the bitcoin criminal......er, uh.......user community?

BTW, btc dropped to $94 a few minutes ago.

ETA: Now $91.

This post was edited on 5/2 at 10:14 am


ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
10176 posts

re: Here's why Bitcoin is the future of money
quote:

Yea, it's being DDOS'ed because they refused to pay a $5000 ransom


I'm telling you, regardless of what happens to bitcoin, this saga is going to become one of the greatest "based on a true story" movies of all time.


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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
17218 posts

re: Here's why Bitcoin is the future of money
So the system you claim can provide absolute anonymity to Bitcoin users cannot prevent a DDoS attack against someone using that system to hide from law enforcement. Why is any other user of Tor immune from such attack? And wouldn't such an attack interrupt Bitcoin transactions if directed against someone desiring to conduct Bitcoin transactions?


C
LSU Fan
The Woodlands, TX
Member since Dec 2007
23016 posts

re: Here's why Bitcoin is the future of money
$5000 is all someone is asking for and he is able to conduct a successful DDOS attack? Damn this market is very fragile. Lots of motivation for manipulation.


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gizmoflak
Georgetown Fan
Member since May 2007
9328 posts

re: Here's why Bitcoin is the future of money
quote:

Now $91.


is that the 52-week low?


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58769 posts
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re: Here's why Bitcoin is the future of money
quote:

is that the 52-week low?


It's the current price for sellers. You know, the important number.


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Here's why Bitcoin is the future of money
quote:

It's the current price for sellers. You know, the important number.


Do you think it stays that price, gets lower, or gets higher within the next 30 days?
This post was edited on 5/2 at 11:17 am


LSURussian
LSU Fan
Member since Feb 2005
85148 posts
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re: Here's why Bitcoin is the future of money
I have no idea what the 52 week low is.

I do know the 30 day high is $266.


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LSURussian
LSU Fan
Member since Feb 2005
85148 posts
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re: Here's why Bitcoin is the future of money
quote:

price, gets lower, or gets higher within the next 30 days?
Based on its recent volatility, it probably goes both lower and higher notwithstanding your claim of its "relative stability."


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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58769 posts
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re: Here's why Bitcoin is the future of money
quote:

Do you think it stays that price, gets lower, or gets higher within the next 30 days?


Absolutely


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gizmoflak
Georgetown Fan
Member since May 2007
9328 posts

re: Here's why Bitcoin is the future of money
quote:

It's the current price for sellers. You know, the important number.


Are you saying past values are irrelevant?


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58769 posts
Online

re: Here's why Bitcoin is the future of money
quote:

Are you saying past values are irrelevant?


To a seller today. Yes


gizmoflak
Georgetown Fan
Member since May 2007
9328 posts

re: Here's why Bitcoin is the future of money
quote:

quote:

Are you saying past values are irrelevant?

To a seller today. Yes



When you sell an asset, commodity, stock, etc. you ignore the valuation history of it?


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58769 posts
Online

re: Here's why Bitcoin is the future of money
quote:

When you sell an asset, commodity, stock, etc. you ignore the valuation history of it?


Well yeah.

Are you trying to move towards the cap gains angle here or what?


gizmoflak
Georgetown Fan
Member since May 2007
9328 posts

re: Here's why Bitcoin is the future of money
I'm just trying to understand why any seller of anything would consider past values to be wholly irrelevant today.

ETA: from an investment standpoint
This post was edited on 5/2 at 11:38 am


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58769 posts
Online

re: Here's why Bitcoin is the future of money
Because if I need to sell today I can't say "well frick, let me sell for the price it was a month ago. Because it was higher then". You sell for todays rate.


Oizers
LSU Fan
Member since Nov 2009
1413 posts

re: Here's why Bitcoin is the future of money
I have an order of two ASIC miners from Butterfly Labs. They have started shipping and I need to confirm my order before they ship mine. Do you think I should keep the order or cancel it?


ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
10176 posts

re: Here's why Bitcoin is the future of money
quote:

I'm just trying to understand why any seller of anything would consider past values to be wholly irrelevant today.


I think a buyer would be a lot more concerned with past prices because he/she is doing the valuation.
This post was edited on 5/2 at 12:02 pm


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