LQuinn
Short

Bubble May Burst Any Moment Now

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
756 10 1
I thought about this before, however, now two Cornell University, Computer Science Researchers are saying it. Here are the links to the articles.
http://www.seattlepi.com/technology/businessinsider/article/Researchers-Say-Bitcoin-Is-Broken-And-Could-4955201.php
http://www.sciencedaily.com/releases/2013/11/131104112234.htm
nebulus
3 years ago
1 word... 'newbs'
Reply
nebulus
3 years ago
Also this. http://blockchain.info/pools
Reply
LQuinn
3 years ago
Yeah, it looks like BTC Guild has already 28% of the Hashrate Distribution.
Reply
afbitcoins
3 years ago
That proposed alteration to bitcoins would be suicide. It would make it so only big pools can use the selfish mining strategy, that patch would be the end of bitcoins (not the selfish mining strategy)
Reply
MRS Watanabe
3 years ago
Academia should stay away from the markets. They know nothing as they do not have to trade it for a living, In my definition of bubble there has to be lots of bit coins for there to be a bubble, you are possibly talking about potential parabolic price action here, but for there to be a bubble we have to be swimming in Bit Coins. But Bit Coins are of very limited supply, unlike fiat it trades against it. The bubble is the US$ you forget the $48billion that the Federal Reserve creates out of thin air every month for their crony friends who are swimming in it. So who is blowing bubbles? Bit Coin market cap is only about 1.5 Billion. that the Fed does is the equivalent of creating 40 new Bit Coin exchanges a month.! So if a selfish miner got loads of Bit Coins you think he is going to sell them all at once or just drip feed those who do not have any at ever higher prices? Common sense is to maximize profits.
Reply
faboose PRO
3 years ago
if you researched this, you would know that they also are purposing a solution to the problem.
Reply
Alex T.
3 years ago
lol. It bursted upwards
Reply
LQuinn
3 years ago
I personally do love the parabolic move. However, I am cautious.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out