Volatility Research has uncovered — quite by accident while studying Bitcoin volatility — a new Bitcoin system defect we've named Bitcoin Doomsday Defect. This defect is particularity alarming because it can quickly destabilize Bitcoin pricing, causing massive price changes up or down in a short period of time (days not weeks.) This defect can either blow the bowels out of Bitcoin — its doomsday — or blast Bitcoin price to the moon, whichever! The necessary brevity of this announcement does not convey our concern. For obvious reasons we are reluctant to post any more about this defect now or to publish our white-paper describing it. Updates will be posted here and at http://redd.it/1zwcyw. Please disregard below this line Volatility Research has uncovered a new Bitcoin defect — quite by accident — while studying Bitcoin volatility. This defect is particularity alarming because it can quickly destabilize Bitcoin pricing, considerably up or down in a short period of time (days not weeks.) Sorry, we cannot post more detail now for obvious reasons. March 8 As posted on reddit.com by bc2014 7:07 AM EST http://redd.it/1zvx4e Bitcoin Doomsday Defect Volatility Research has uncovered — quite by accident while studying Bitcoin volatility — a new Bitcoin defect we've named Bitcoin Doomsday Defect. This defect is particularity alarming because it can quickly destabilize Bitcoin pricing, considerably up or down in a short period of time (days not weeks.) The necessary brevity of this announcement does not convey our concern. Sorry, we cannot post more detail now for obvious reasons. March 8 As posted on reddit.com by bc2014 11:35 AM EST http://redd.it/1zwcyw Volatility Research has uncovered — quite by accident while studying Bitcoin volatility — a new Bitcoin defect we've named **Bitcoin Doomsday Defect**. This defect is particularity alarming because it can quickly destabilize Bitcoin pricing causing massive price changes up or down in a short period of time (days not weeks.) The necessary brevity of this announcement does not convey our concern. Sorry, for obvious reasons we cannot post any more about this defect now or publish our white-paper describing this defect. March 8 As posted on reddit.com by bc2014 2:36 PM EST Volatility Research has uncovered — quite by accident while studying Bitcoin volatility — a new Bitcoin system defect we've named **Bitcoin Doomsday Defect**. This defect is particularity alarming because it can quickly destabilize Bitcoin pricing causing massive price changes up or down in a short period of time (days not weeks.) This defect can either blow the bowels out of Bitcoin — its doomsday — or blast Bitcoin price to the moon, whichever! The necessary brevity of this announcement does not convey our concern. Sorry, for obvious reasons we cannot post any more about this defect now or publish our white-paper describing it. March 10 As posted on reddit.com by bc2014 12:52 PM EST **Bitcoin Doomsday Defect** is like the pretty girl at the prom nobody dances with — she emasculates men! Hey, I'm not surprised our announcement of this defect has been flooded with down votes and got banned on bitcointalk.org within 6 hours of posting. If I were one of the technical geniuses developing the bitcoin protocol, I wouldn't want to hear either how my superb efforts could die, and certainly not without description of the defect. Again, we are reluctant to post a description of the defect because that could, and possibly would, unleash the "critter" for mass bitcoin destruction. So, again for the record, Volatility Research has accidently uncovered a bitcoin system defect that 5 people in 5 minutes over 5 days could essentially wipe out all bitcoin value. I say this with confidence and without reservation or equivocation. Our other posts about the defect: http://www.reddit.com/r/Bitcoin/comments/1zwcyw/bitcoin_doomsday_defect/ http://www.reddit.com/r/Bitcoin/comments/200fsw/why_bitcoin_doomsday_defect_is_like_the_atom_bomb/ 5:46 PM comment Our commentators viscerallity is exceeded only by bitcoin community insularity — Just a perfect engine can't win the Indianapolis 500. If you can take off your bitcoin blinders, you'll see the wolves ready to devour your beautiful bitcoin baby. |