Is the Reddit "BitcoinBillionaire" a Ron Paul supporter? likely!

[eleganz]

http://www.businessinsider.com/who-...708971712":"og.recommends"}&action_ref_map=[]

Read the whole thing (its not that long anyways) to find a nice surprise at the end.

Today, something pretty strange happened.
Someone gave away over $13,000 worth of Bitcoins to complete strangers on Reddit.
Some context: For the last few months, Reddit users have been able to "tip" each other with Bitcoins. Basically, the user sets up a "Bitcointip" account. They are then able to tip other users using simple commands within Reddit.


Read more: http://www.businessinsider.com/who-is-bitcoinbillionaire-2013-4#ixzz2Q5YrwIhi

 

[ClydeCoulter]

If not a supporter, (s)he's been listening...

 

[Tod]

http://www.naturalnews.com/039865_bitcoin_crash_prediction_Mike_Adams.html

Wednesday's wild ride came as someone gave away thousands of dollars worth of Bitcoins on Reddit, the social news site. News blog Business Insider calculated a Reddit user under the name "Bitcoinbillionaire" had given away $13,627.69896 worth of Bitcoins to Reddit users over the day.

This giveaway is what apparently caused the bitcoin crash. But I have news for everyone. Having now made, on the record, the single most accurate crash prediction ever publicly announced on bitcoin, I think I've earned the credibility to tell you more: Bitcoinbillionaire is almost certainly not a friend of bitcoin. He is likely working for the central banks.

How do I know that? Because the "bitcoin giveaway" that crashed the market today was a calculated stress test to determine the "buoyancy" of the bitcoin market. By injecting a predetermined amount of supply into the market and watching the price reaction, it can easily be calculated how many bitcoins will be required to crash the entire market down to a desired price level, causing a runaway panic.

This engineered crash was, in effect, a currency war probe attack designed specifically to calculate what is needed for a much larger attack planned for the future -- an attack that will decimate bitcoin and cause long-lasting distrust in non-centralized currencies.

 

[dannno]

lol, I actually heard about this on the btc-e chat but didn't take it seriously.

 

[juleswin]

http://www.naturalnews.com/039865_bitcoin_crash_prediction_Mike_Adams.html

Very interesting. Only 13K to crash a $16 million commodity market.

 

[eleganz]

http://www.naturalnews.com/039865_bitcoin_crash_prediction_Mike_Adams.html

I thought the temporary crash was because the exchange bitcoin traded on received a DDOS attack?

 

[NoOneButPaul]

The feds are testing the market so they can figure out how to manipulate and suppress it... just like the paper price of gold and silver.

Like I said from the beginning, the Feds will never allow something like bitcoin to compete against the all mighty dollar...

People getting into bitcoin are being conned.

 

[juleswin]

The feds are testing the market so they can figure out how to manipulate and suppress it... just like the paper price of gold and silver.

Like I said from the beginning, the Feds will never allow something like bitcoin to compete against the all might dollar...

People getting into bitcoin are being conned.

Not if you can get out before the manipulating starts. I truly hope everybody on RPF got got after it hit $200+ and made some sweet profits.

 

[mczerone]

The feds are testing the market so they can figure out how to manipulate and suppress it... just like the paper price of gold and silver.

Like I said from the beginning, the Feds will never allow something like bitcoin to compete against the all mighty dollar...

People getting into bitcoin are being conned.

Not if you can get out before the manipulating starts. I truly hope everybody on RPF got got after it hit $200+ and made some sweet profits.

(1) Where's the evidence that: (a) the reddit giveaway was a fed ruse, (b) that those $13k in BTC were immediately sold, or (c) that the massive price drop was related to however many were sold.

(2) Even if it was a fed ruse, what did it accomplish, and what would a "full scale attack" accomplish? It gave the recipients free money, and it gave people that want into bitcoins a buying opportunity. A full scale attack would just give random people free money and would expand the use of bitcoin further because the feds wouldn't be bogarting them as much. Just because the price drops doesn't kill their use as internet cash - in fact it helps this cause because less people will be investing with them and more people will be putting them into circulation.

 

[sailingaway]

Well, if he gets in the random mood to bankroll Ron, that would be great.....

 

[eleganz]

The feds are testing the market so they can figure out how to manipulate and suppress it... just like the paper price of gold and silver.

Like I said from the beginning, the Feds will never allow something like bitcoin to compete against the all mighty dollar...

People getting into bitcoin are being conned.

Just because you said it, doesn't mean you're right.

 

[sailingaway]

Just because you said it, doesn't mean you're right.

I'm concerned about it being a bubble, not having intrinsic value, itself. But anything can be in a bubble, including gold. I just remember Buffet saying he never got into derivitives because he 'didn't understand them'. That is sort of how I feel about the value behind bitcoin, as a personal matter. But people can do what they want.