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Everything posted by nuckin_futz
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The Everything Bitcoin Thread
nuckin_futz replied to MillerGenuineDraft's topic in Off-Topic General
Hey I am all for scalping dead cat bounces, but you have to be able to trust the exchanges and trust that you'll get your funds back. That trust has been broken. Anyone opening an account with these exchanges must be allergic to money. -
The Everything Bitcoin Thread
nuckin_futz replied to MillerGenuineDraft's topic in Off-Topic General
While I personally have not traded BTC. I have friends who have. They all say the same thing, the executions are terrible. The support from the sites is abysmal. One friend has an account at Mt.Gox, he's been trying to fund it for three and a half months. The support is just that inept. Panic trading is great, but there has to be liquidity. There isn't much in BTC at all. Right now the exchanges have zero credibility. I can't imagine what they can do at this point to gain any back. Can you? You can't unload those coins directly on to other exchanges. Perhaps you could arb your position through a second exchange. But then you have money tied up at 2 Donkey exchanges that you can probably kiss goodbye as these markets and brokers are unregulated. If you're bored in the evening and want to trade something nutty I suggest looking into Hang Seng (Hong Kong), or KOSPI (Korea) futues. Both instuments are pretty nutty and may provide excitement and opportunity if that's what you seek. This whole BTC thing reeks of Tulip Mania or better yet Kuwait's Souk Al Mankh bubble. I'll post a link for you as you may find it interesting. Some highlights from the article ************************************* "Perhaps the greatest speculative mania of all time was Kuwait’s Souk al-Manakh stock bubble in the early 1980s, which is as fascinating as it was devastating. The bull market began when investing in local “Gulf Companies” became in vogue with Kuwaitis who wished to ride the coattails of the Middle East’s oil-driven economic boom of that time. A peculiar Kuwaiti custom allowed traders to pay for stocks using post-dated checks, under the assumption that default would be unthinkable. Unsurprisingly, human avarice prevailed as some traders speculated in stocks paid for by billions of dollars worth of unsecured checks, causing the stock market to inflate like a balloon and pop in a most analogous manner." "The height of the society-wide insanity occurred when eight speculators, known as “the Cavaliers,” floated a total of $55 billion in postdated checks, seemingly in an attempt to corner the market. The most prolific check writer among the Cavaliers was Jassim al-Mutawa, a Passport Office employee in his early-twenties, who managed to pass off $14 billion all by himself. Sloppy accounting on the part of his brother and partner, Najeeb al-Mutawa, caused Jassim to become a staggering $3.4 billion overdrawn. (1) According to “Collapse of the Souk” “Eventually, approximately 29,000 checks – amounting to $93 billion – were estimated to have been written against the shares of companies that were, for practical purposes, worthless.”" "In August of 1982, a female speculator presented one of Jassim al-Mutawa’s postdated checks for payment ahead of its due date, catching him unable to pay his debts. Within an instant, the Souk al-Manakh house of cards imploded" http://www.thebubble...souk-al-manakh/ ******************************************** At it's height the Souk Al Manak had a market capitalization that ranked it 3rd in the world. Only behind the US and Japan. It was valued at more than the London's FTSE exchange. -
The Everything Bitcoin Thread
nuckin_futz replied to MillerGenuineDraft's topic in Off-Topic General
Silk Road 2.0 'Hack' Blamed On Bitcoin Bug, All Funds Stolen The same bug that has plagued several of the biggest players in the Bitcoin economy may have just bitten the Silk Road. On Thursday, one of the recently-reincarnated drug-selling black market site’s administrators posted a long announcement to the Silk Road 2.0 forums admitting that the site had been hacked by one of its sellers, and its reserve of Bitcoins belonging to both the users and the site itself stolen. The admin, who goes by the name “Defcon,” blamed the same “transaction malleability” bug in the Bitcoin protocol that led to several of the cryptocurrency’s exchanges halting withdrawals in the previous week. “I am sweating as I write this… I must utter words all too familiar to this scarred community: We have been hacked,” Defcon wrote. “Our initial investigations indicate that a vendor exploited a recently discovered vulnerability in the Bitcoin protocol known as “transaction malleability” to repeatedly withdraw coins from our system until it was completely empty.” Just how many bitcoins were stolen wasn’t said in the post, although it listed a series of Bitcoin addresses that the Silk Road administrators believe to have been involved in the heist. Those transactions seem to point to a single Bitcoin address that contains 58,800 coins, worth more than $36.1 million at current exchange rates. But tracing Bitcoin’s pseudonymous transactions is always tricky–other estimates range from 41,200 by a Silk Road user and 88,000 by the Bitcoin news site. Update: Nicholas Weaver, a researcher at the International Computer Science Institute, estimates the total theft of Silk Road’s bitcoins at a much lower number: just 4,400 or so coins, worth around $2.6 million. Based on the Silk Road’s data about the attack, the site’s staff point to three possible attackers, two in Australia and one in France. “Stop at nothing to bring this person to your own definition of justice,” Defcon writes. Silk Road’s users, predictably, didn’t take the announcement at face value, and many instead suspect that the site’s staff have used the “transaction malleability” bug as a scapegoat to cover their own incompetence–the site has been plagued with more pedestrian bugs since launching in November–or even that they’ve run off with the users’ bitcoins themselves. “Transaction malleability,” after all, has been a known issue with Bitcoin for two years, and is described by most Bitcoin security experts as more of a major nuisance than a real threat that would allow funds to be stolen. “Something’s not correct: The bug…can’t be made responsable if bitcoins are missing now!” writes a user named pathfinder. “Oh, this is rich. How many users called for the shutdown of SR2 to fix the problems? They were ignored,” writes a user named aqualung on the site’s forums. “Admins did this. Not some vendor.” Defcon denied those accusations, but took full responsibility for allowing the theft. “I didn’t run with the gold,” he writes. “I have failed you as a leader, and am completely devastated by today’s discoveries…It is a crushing blow. I cannot find the words to express how deeply I want this movement to be safe from the very threats I just watched materialize during my watch.” The hack is just latest in a series of mishaps, crackdowns and scams that have roiled the “dark web” drug market since the shutdown of the original Silk Road anonymous drug site in October by the FBI. Among the more than half dozen sites that have sprouted to pick up Silk Road’s lucrative stream of Bitcoin-based drug transactions, at least three have run off with the users’ funds and two have shut down after being hacked. Several drug site administrators have also been arrested, including three former Silk Road staffers and five men in the Netherlands and Germany who launched their Silk Road copycat, Utopia, earlier this month. Amidst that chaos, the relaunched Silk Road has been perhaps the most stable and popular marketplace for drugs and other contraband, with over 13,000 product listings at last count. And its hacking and sudden bankruptcy shakes the anonymous ecommerce community more than any of those other dark web eruptions. While some Silk Road users wrote on the site’s forums that they planned to take their business to other marketplaces like Pandora and Agora, others declared the Silk Road model altogether dead. All the sites currently keep users’ bitcoins in “escrow” before a transaction is complete to prevent fraud, a model that often allows the funds to be stolen, seized. Defcon ended his message to the site’s users by announcing that the Silk Road will no longer use an escrow, and will instead ask users to send money directly between buyers and sellers, a model that will no doubt lead to many more scams on the site. But he said that the site will move to so-called “multi-signature” transactions, a largely experimental use of Bitcoin that would require multiple users to “sign off” on a transaction before it’s made. That means a third party could serve as a trusted escrow with no way to steal a user’s funds. He promised a “generous bounty” to anyone who could help Silk Road to implement the change. “Silk Road will never again be a centralized escrow storage,” Defcon writes. “Hindsight is already suggesting dozens of ways this could have been prevented, but we must march onward.” http://www.forbes.com/sites/andygreenberg/2014/02/13/silk-road-2-0-hacked-using-bitcoin-bug-all-its-funds-stolen/ ********************************************** The party's over. -
The Everything Bitcoin Thread
nuckin_futz replied to MillerGenuineDraft's topic in Off-Topic General
European Bitcoin exchanges paralyzed by hackers. Hacker attacks have forced two large Bitcoin exchanges, Slovenia-based Bitstamp and Bulgaria's BTC-e, to suspend withdrawals. The attacks seem to have focused on Bitcoin's vulnerability called "transaction malleability," which allows a hacker to change a transaction record in a way that allows double spending. Earlier, the Bitcoin universe's biggest exchange, MtGox, stopped external transfers because of the same design flaw. Other exchanges will spring up or expand, but for now much of the Bitcoin infrastructure is paralyzed, showing that the system is still too experimental for broad acceptance and, for not, fit only for the most reckless of speculators. ********************************************* Price was north of $800 USD 10 days ago. Now fetching $583. The paralyzed Mt.Gox exchange has it priced at $400, but who cares when they won't let you withdraw your money. What a disaster. -
If Linden were still captain he'd have called a players only meeting and called some floaters out. I just can't see Henrik doing that. Hank leads in his own way and that's fine but this group has lost it's way and he is the captain.
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These guys couldn't score in a brothel with a fistful of hundred dollar bills. Man I miss this guy .......
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Bieksa insisting that wasn't him in the hallway. Said laughingly Shane Obrien photoshopped it. He's a hoot.
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If anyone cares (and I know some of you do). The odds makers have spoken. Denver is an early 2.5 favorite. Looks like the lines opened up tighter than that, then early money came in on Denver. Some places still have Denver as only a 1 point favorite.
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Torts should tell Campbell that he's still new to the building and got lost on his way to the washroom.
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too young to
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Are you aware they played the entire game with 4 defensemen and still managed to beat an NHL club? Henrik was gimpy then pulled, Burr was rusty, Santo was missing. Need I go on? You expected them to pound them 9-1? For real? One more thing. Please stop with hashtag everything. It's silly, you're better than that Mr Heretic.
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Sage advice. Wish someone would have said that to me many years ago.
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In 1984 the Edmonton Oilers went into Hartford and got smoked 11-0. It happens it's just one game. That said this team is on a downward trajectory and it needs to stop.
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The Everything Bitcoin Thread
nuckin_futz replied to MillerGenuineDraft's topic in Off-Topic General
As someone who has traded nearly every financial instrument over the last 15 years all I can say is: -
The Everything Bitcoin Thread
nuckin_futz replied to MillerGenuineDraft's topic in Off-Topic General
This screen grab cuts off on Dec 15. It was 1090 a few days ago and is currently fetching about 940. One of the nuttier financial instruments I have ever seen. -
The Everything Bitcoin Thread
nuckin_futz replied to MillerGenuineDraft's topic in Off-Topic General
If anyone cares for a price chart of Bitcoin. Here ya go: http://bitcoincharts.com/charts/mtgoxUSD#rg180zigDailyztgSzm1g10zm2g25 There's a definite lack of liquidity in the Bitcoin market. -
[GDT] Vancouver Canucks vs Chicago Blackhawks - December 20, 2013
nuckin_futz replied to canucktican's topic in Canucks Talk
Lack better be sporting a Haida hat this evening. -
Click on "share" then copy the URL in blue and and paste it here.
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Brilliantly used in the movie Zodiac.
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Lucic says he'll never go to DT Vancouver
nuckin_futz replied to TheRussianRocket.'s topic in General Hockey Discussion
First point, I am not certain if we've seen the same video of the incident. The one posted in this thread, does not show any punches being thrown. All it shows it 2 belligerent men who are most likely intoxicated exchanging tough talk. Until one of them (Lucic) threatens to kill the other. So why should the "immature kids" here who according to you "lack respect" jump to the same unfounded conclusion that you have? All I see is one man who is most likely intoxicated in public claiming he was struck three times. The police are present. Was there a police report filed? Do you have access to it? Have you seen a video of this incident where punches were thrown? Sure sounds like you have. Second point, I am unclear how you determined who the "perpetrator" was? Is it simply because one guy claimed the other one was with no supporting evidence? -
Lucic says he'll never go to DT Vancouver
nuckin_futz replied to TheRussianRocket.'s topic in General Hockey Discussion
Then why not go to one of their homes or a smaller pub? Where he can visit in peace. Why put yourself in a vulnerable position? Why head down to Dbag central on a Saturday night? If you go looking for trouble you usually find it. A little personal responsibility goes a long way in situations like this. Sure he has the right to go anywhere in the city and do whatever but that doesn't mean it's a good idea. Just because I have the right to don a white robe and pointy hood and wander around Watts County in LA. Does not make it a good idea. Also, someone should inform him that threatening to kill people is a criminal offense. While we're on the subject of class.