Bitcoin Report Volume 21 (Right Thing, Right Time)

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I just wanted to also point out that personal skills,education and tallents are also assets depending on if they can give valu to others. People should most importantly acquire that too.

The purpose of the spamming is not to cause anything to break or anything that you said LoL. If you notice each of those videos has a link in the description to "Get Bitcoins". Clicking on that link brings you to bitcoin7.com with the YT owner's ref.number and they get 20% commission on your purchases (bitcoin7's promotional campaign). They are just professional internet marketing link ninjas trying to make easy money. Any site offering referral rewards has corresponding spammers on YT.

markpasky08. You may be right. If you are I would request that they don't steal my video titles for their marketing efforts.

@BitcoinChannel Oh I'm right. They are stealing any bitcoin video's titles and then adding "get Bitcoins" at the end. It may be just one person or a group of related people spamming YT in this way. If anyone is interested in "getting bitcoin" they are confident they'll click their video and click the link in the description and create an account on bitcoin7 using their reference number. If you click the link in the description and take note of the URL you will see what I mean.

Good to know that you're alive. The YT spam has four possible aims: 1) for profit through referrals through the provided url's 2) the link could be a hack as well, though I'm sure how this might work 3) These vids are made to associate Bitcoins with mass spamming, causing negative views. 4) And/or this is just another method used to prevent people from getting legitimate and updated info on what's going on in the Bitcoin world. Either way, it's very very lame to steal titles from real videos.

@christpunchers 2) I meant, I'm not sure how the link could be embedded with a hack or malware but it could be possible.

@christpunchers 2) I meant that the link could be embedded with malware or some sort of hack. But I'm not technically able to prove this.

I've been jonesing all week for a new report, thanks.

Hey you could also report that trading opened up in CANADIAN dollars at cavirtex (dot) com (sorry I don't have no spam referral code ;-) but been using it all last week and works slick... bit simple of a site though.

The hack makes sense. If you crash the price to a penny you can withdraw 10k bitcoins instead of like 60 at $15. Ya, the hacker could have come up with something better, but this is real life not a movie plot where creative people can spend however long they want coming up with something amazing. We have no idea what actual or perceived pressures or constraints the hacker was operating under or the cleverness of the hacker in the first place. Maybe that was just the best he came up with.

The MTGox hack makes tons of sense. Run it down to a penny and take out $1000 worth because he knows it will rebound almost immediately and it did. It went up to 13 before they (mtgox) pulled their famous mulligan card.

I also realized TONS of these spam videos, because I search for videos the same way. Now do you think it makes sense to flag these videos or should I just don't click on it?

The purpose of the bitcoin spam videos: A link to Bitcoin7 with a referral code from the spammer.

BitcoinChannel: I appreciate all your various channels and videos. Excellent stuff! You can filter out all the Bitcoin spam by adding -"Get Bitcoin" as well as -"Get Bitcoins" to your search. Be sure to include the quotes and minus just as I have typed it. That should eliminate the bulk of the irrelevant posts.

The reason as to why he had to drop the Mt. Gox price is because Mt. Gox has a $1000 limit, so you can only take out $1000 or $1000 WORTH OF BITCOINS, so by dropping it to 0.01 he could take out a whole lot more than if the price was $20

Also, currently BTCGuild has 6,267 workers at 1555.27 GH/s. It used to have 9000+ - and this is most likely because BTCGuild is not protected against BOTNETS (if you know what that is). I would recommend a pool like Slush's instead

@FreidenkerDeluxe sure, let's all do this. I just flagged like few of them. Brotherjohnf thanks for a great channel and keep it up!

Aren't the green/red arrows indicating if it's a higher price per BTC than previous line? If the price goes up, then there's a green arrow. If the price goes down, a red one.

A lot of the spam videos have been taken down now.

The reason for dropping the price on MtGox before withdrawing the bitcoins was that MtGox by default limited withdrawals to $1000 in value a day. At $20, that's 50 BTC, but at 0.01, it's 100,000 BTC. Which would you rather have. Not the limits are $1000 and 100 BTC.

@dscomp maybe the Situation has finally caught up lets face it Bitcoin currently 4.68476 with a Hight of 5$ thats like a farcry from what it was and what was predicted and its getting lower by the week even every month i check and its just keeps getting lower and lower. I for one am out of the Experiement there is just no Demand for Bitcoin cause no one accepts them on a large business Scale atleast here in Germany so all you can do is trade like probaly 95% of all users its not going to work.

I love how you conveniently disappeared as soon as the Bitcoin value started dropping.

Happy Saturday

a link to technocat's channel might have been nice. keepup the good work though.

2000 ghs in a pool! My God these videos are historic!