Bitcoin breaks $200

guerilla said:
Read Antifragile. I think you will really like it.
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The thing is taleb isn't taken too seriously...quants and economists are well aware of the limitations of their models but use them as starting point or to help explain existing phenomena.
 


mGrunin said:
You have to love this. Mtgox opens up, BTC pushes past $100. Now Mtgox goes down and the prices drop down to $68. Who wants a currency that is so dependable on whether an exchange site is up or not?
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Thanks for this tip, I got 30% return buying just before it went back online
 
cpauser said:
taleb isn't taken too seriously...
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You guys are gay. I've been fighting Lukegay on this whole subject for months and the same shit I've been saying for months gets repeated here...

Rodney-Dangerfield-Rappin-Rodney-No-Respect-Album-Cover.jpg


I hate you all
 
Well, looks like these things are probably going to go the way of tickle-me elmo dolls now. Their 15 mins of fame are over, so here on in, nobody is going to give a shit about them except a bunch of redditors.

I just hope the volume and fluctuations stays pretty decent. I want to see if I can take advantage of this. And different exchanges having wildly different prices would be good to. Keep that aspect of our new global currency.
 
erifdekciw said:
You guys are gay. I've been fighting Lukegay on this whole subject for months and the same shit I've been saying for months gets repeated here...

Rodney-Dangerfield-Rappin-Rodney-No-Respect-Album-Cover.jpg


I hate you all
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its funny how they crawl outta the wood work after the crash.
 
guerilla said:
Stop posting.
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It is hard to take Taleb seriously when he posts articles like this one and tries to pretend he's making some profound point. Anybody with a basic understanding of probability and statistics is aware of the kind errors he's talking about, even xkcd made the point:

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Mikesev said:
It is hard to take Taleb seriously when he posts articles like this one and tries to pretend he's making some profound point.
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Ok, I am in no position to defend Taleb, but can you tell me where he is "pretending to make some profound point"?

Mikesev said:
Anybody with a basic understanding of probability and statistics is aware of the kind errors he's talking about
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You are aware that the audience at Wired is probably not exclusively people who understand statistics and probability?

That constituency is probably less than 1% of the population in North America. Hence why xkcd made the comic. It's only funny because it's non-obvious.
 
mGrunin said:
Someone loses 34 BTC due to a javascript injection on a phony site:

https://bitcointalk.org/index.php?topic=173227.0
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Not Javascript, that's a Java exploit that's been around for 3-4 years+. I think most news institutions have reported on it at least a year ago. For the people that fall for that, losing some BTC is the least of their worries, you can install any software you want and therefore have access to everything they do on their computer. Not to mention that the Java exploit's fairly obtrusive, there are much more subtle exploits out there.
 
SeoReborn said:
» Bitcoin crashes over 50% just one day after bold public prediction by Mike Adams of Natural News Alex Jones' Infowars: There's a war on for your mind!
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The author seriously thinks that one guy on Reddit giving away 50 or so coins to 11 or whatever other users caused the crash? :ugone2far:

He basically just took 50 Bitcoins and spread them out to 11 other Reddit Bitcointip wallets. No buying or selling was involved, and even if there had been on MtGox, it still would have been a relatively small transaction in comparison to the total trading volume.
 
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