Sorry for continuing an off topic discussion, but if your interested in the instability of Bitcoin, I recently did an in-depth analysis of some of the recent market behavior. You can find it here: The Bitcoin Bubble http://xqz3u5drneuzhaeo.onion/users/shew2/decentralization/20110615-the-bitcoin-bubble.php On Thu, 16 Jun 2011 05:40:27 +0200 andre76@xxxxxxxxxxx wrote: > Bitcoin is a scam. Money or value can't be created on a computer > (unless you consider the phoney fiat currency of the USD "money"). At > best bitcoin is a ponzi scheme where the initial holders of the digital > money get to see the increase in the computer value of the bitcoins they > "own" only to, at the right time, dump them onto suckers that got in the > this new fangled trickery at the end. Those that hold bitcoins at the > end will be at a loss as in reality, they're worth nothing. Bitcoins > are a classic example of the Wall Street method of Pump and Dump. Fake > or unrealistic information is circulated around the web about a certain > stock and how it's to perform which is always UP UP UP in value. This > is the Pump phase. The unsuspecting and gulible public rushes in to > purchase massive amounts of the (really) junk stock. The price rises > dramaticly. Those that promoted the stock then Dump it....fast. They > make their profit and the dummies that believed the junk about how great > the equity was get stuck with a loss as the stock plummets. -- Shew
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