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Mike Hearn makes some good points
The resolution of the Bitcoin experiment
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.amm8ayvz2
The resolution of the Bitcoin experiment
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.amm8ayvz2
Reads to me like a baby with a Degree.
"In the span of only about eight months, Bitcoin has gone from being a transparent and open community to one that is dominated by rampant censorship and attacks on bitcoiners by other bitcoiners. This transformation is by far the most appalling thing I have ever seen,"
Lucky boy
Drama queen
Didn't get his XT mwah mwah mwa...
Mike Hearn makes some good points
The resolution of the Bitcoin experiment
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.amm8ayvz2
The resolution of the Bitcoin experiment
https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7#.amm8ayvz2
Reads to me like a baby with a Degree.
"In the span of only about eight months, Bitcoin has gone from being a transparent and open community to one that is dominated by rampant censorship and attacks on bitcoiners by other bitcoiners. This transformation is by far the most appalling thing I have ever seen,"
Lucky boy
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
if there is some a big move into bitcoin in greece, say this time next year 10% of greek pop uses bitcoin and its accepted everywhere in greece we could very well see 32,000$ in less than 2 years. 10% of greece's pop is ~1 million poeple, assuming these 1million poeple hodl a 500$ balances in bitcoin we're looking at half a billion dollars pumped into bitcoin, but it won't stop there, having a real world economy use bitcoin is going to improve investor confidence, and i could easily see 10-20billion get pumped into bitcoin as a result, but it won't stop there, economies will crash around the world one by one, and seeing how greeks all got rich off of using bitcoin, they will all want to do the same thing, the decentralization of world domination is well under way! but it won't stop there aliens will come down from the heavens and buy bitcoin.
but it won't stop there...
because the aliens being pan-dimensional beings see a big market in selling Bitcoin to HELL. Lower order daemons appreciate a transactional medium which is not controlled by Beelzebub and develop a thriving black market (Fire Road) in soothing ointments, freeze sprays and menthol cigarettes (you're dead already - what's your issue?). Beelzebub promptly bans Bitcoin, but things have gone too far and the denizens of HELL revolt: break the chains of eternal damnation and vault back into the present world. Where do they end up? I think you know.
but it won't stop there...
Wouldn't there be an issue with double-spending if Bitcoin goes multidimensional?
Where's dev?
Fuck - I thought bitcoin was quantum enabled? Jeezus fuck!ng Chryst!
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
if there is some a big move into bitcoin in greece, say this time next year 10% of greek pop uses bitcoin and its accepted everywhere in greece we could very well see 32,000$ in less than 2 years. 10% of greece's pop is ~1 million poeple, assuming these 1million poeple hodl a 500$ balances in bitcoin we're looking at half a billion dollars pumped into bitcoin, but it won't stop there, having a real world economy use bitcoin is going to improve investor confidence, and i could easily see 10-20billion get pumped into bitcoin as a result, but it won't stop there, economies will crash around the world one by one, and seeing how greeks all got rich off of using bitcoin, they will all want to do the same thing, the decentralization of world domination is well under way! but it won't stop there aliens will come down from the heavens and buy bitcoin.
but it won't stop there...
because the aliens being pan-dimensional beings see a big market in selling Bitcoin to HELL. Lower order daemons appreciate a transactional medium which is not controlled by Beelzebub and develop a thriving black market (Fire Road) in soothing ointments, freeze sprays and menthol cigarettes (you're dead already - what's your issue?). Beelzebub promptly bans Bitcoin, but things have gone too far and the denizens of HELL revolt: break the chains of eternal damnation and vault back into the present world. Where do they end up? I think you know.
but it won't stop there...
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
1500 years? I think the bad news is that we might not make it that far - we'll be lucky to make it through the next hundred. Which is why I can confidently predict that the bitcoin price in 2020 will be... - oh I don't know, ask the honey badger...
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Yeah ok i get it, but why is it critical? trollers with no explanationary power?
Has this been confirmed?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
That's what Big Trade is buying into - the utility, not the speculative opportunity, so I'm not expecting another "launch". I'll be very surprised if we see $1000 again - there's no good reason for it at the transactional level.
That belief is certainly the goal which the present psyop against Bitcoin is attempting to achieve.Don't understand - why would a view that emphasizes Bitcoins utility be a hostile operation?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What if BTC stabilises here?
I'm just getting the feeling recently that all the Bull/Bear nonsense is based on the belief that BTC is a speculative instrument (or still in the speculative phase) and that may not be true.
Take Dell for instance and personalise it for understanding. Michael Dell is already rich beyond the dreams of Croesus - he's not taking BTC because he needs the money/fiat/crypto and he doesn't need to hodl to achieve some future dream of luxury. It's an optional transactional medium for him to continue to accrue wealth - that is all.
As it gets easier to obtain, and easier to disburse the price is going to settle down as a matter of course. BTC has already become a global currency (it happened while we werenot sleeping) and after all the excitement about China - and then then the come-down - we're all still holding coin with the most amazing utility.
That's what Big Trade is buying into - the utility, not the speculative opportunity, so I'm not expecting another "launch". I'll be very surprised if we see $1000 again - there's no good reason for it at the transactional level.
I'm just getting the feeling recently that all the Bull/Bear nonsense is based on the belief that BTC is a speculative instrument (or still in the speculative phase) and that may not be true.
Take Dell for instance and personalise it for understanding. Michael Dell is already rich beyond the dreams of Croesus - he's not taking BTC because he needs the money/fiat/crypto and he doesn't need to hodl to achieve some future dream of luxury. It's an optional transactional medium for him to continue to accrue wealth - that is all.
As it gets easier to obtain, and easier to disburse the price is going to settle down as a matter of course. BTC has already become a global currency (it happened while we were
That's what Big Trade is buying into - the utility, not the speculative opportunity, so I'm not expecting another "launch". I'll be very surprised if we see $1000 again - there's no good reason for it at the transactional level.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What will happen if gox liguidators just dump all the coin on the market at once (could happen it is a gov't)
[ ... ]
(again these are japanese bureaucrats...they could just keep their job safe and dump it all on the market ...quick/fast/dirty like a regular gov't auction
A public auction is the normal way to liquidate the assets of a failed company. Any other method (such as selling them in the open market, or to a private buyer) would expose the liquidator to charges of favoritism, incompetent trading, etc.. That also holds for the coins that the FBI seized from SilkRoad.[ ... ]
(again these are japanese bureaucrats...they could just keep their job safe and dump it all on the market ...quick/fast/dirty like a regular gov't auction
The FBI will use their government auction staff, but the MtGOX liquidator will probably hire some private auctioning firm. Presumably they will divide the coins into a couple dozen lots, each auctioned separately, in order to attract more buyers. Other than that, I don't expect them to worry much about getting the best possible price.
The people who will buy those coins at the auction will then dispose of them according to their interest.
By the way, I suppose that the prices off-market for "bulk" trades are not much different from the open market price. If the off-market price was much lower, there would be people buying bitcoins in bulk off-market to sell them little by little on the open market.
Conversely, if the off-market price was much higher. Is this correct?
Not if they're hodler's and are buying for mid-term - long term. The sense that Bitcoin isn't going to crash back down to pre $266 levels and will actually continue some incremental increase (because of it's utility) is strong. I predict, that at some point in your life you will look back to the lowest price you could have ever bought bitcoin for....with some regret.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I am in the UK and it works for me
Yep - up for me now. Looks like they had to do some kind of rollback as before I got that 522 I did manage to log into my wallet but it wasn't showing any transactions past Feb '02. Had an exciting moment looking at a wallet balance 1/20th of what it should be. Phone app is working now too.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Lol - guess I chose the worst possible moment to make a shared coin withdrawal from Blockchain - it's been spinning around "getting unspent outputs" for the last 30 mins. These were just a few coins from my hot wallet - I've got the private keys for everything else.
Fonzie - DO NOT PANIC
Fonzie - DO NOT PANIC
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Learn to sell and take profit during an uptrend, the train isn't going to the moon so soon, there will be a deep correction soon.
Learn bitcoin. The train IS going to the moon ($5000-$6000 in this case most likely). ...
Trains don't go to the moon. No tracks, weird gravity, other stuff. I'm super serious.
Okay, attack the metaphor ...
Take the train by the horns and block that metaphor!!1
Trains don't have horns!
Oh yes they do!
http://www.bnsf.com/communities/safety-and-security/train-horn/
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
something feels odd about this picture, not sure what it is.
Nobody in the shot knows wtf he's talking about. "So it dispenses Pearls? Speak up young man!"
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
No real broker will do this.
Broker? That's odd language. Are you old?
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
even if you are a large, old and successful business, you don't mess with the US government. Pokerstars is a billion dollar business but still not legit in USA, and Bitstamp could totally have its Black Friday considering that legit US exchanges are about to open and they are an "unfair" competitor.
Yes, why would anybody mess up with the entity that has more firepower than the rest of the world combined..
But wait a minute, they must be
Right is not Might - just to flip some Medieval reasoning on you
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Funny, since the rally began, the price stops increasing for a few hours, every day, around 03:00 am China time. How weird.
I speculate subconsciously there are algorithms at play, if you read enough and take note of the diapering posts, you get a feel for the magic maths that makes bitcoin work. "diapering posts" - oh NO!
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Oh yeah - Brazilians love there tax regime - it's so efficient!
http://blogs.ft.com/beyond-brics/2014/04/22/study-finds-brazils-state-to-be-tax-guzzling-inefficient/
Just like in the US, the opposition party loves to blast the current government for overtaxing and wasting money. Only to do even worse when they get to power. http://blogs.ft.com/beyond-brics/2014/04/22/study-finds-brazils-state-to-be-tax-guzzling-inefficient/
When they were in power, those neocons who set up the "impostômetro" created a huge public debt by borrowing money at 40% interest per year or more. Even today, 12 years after they lost the national government, more than half of all the tax revenue goes to pay interest on that debt, which only keeps growing. (THAT is real armed robbery, because if the government tried to reject that debt, even with popular support, it would probably be toppled in short time.) Still, "taxing Dilma" stands a good chance of winning a second term, with support not only from the lower- and middle-class "parasites" but from business people in general.
So the Neocons created the debt 12 years ago at exactly the same time you were running around downtown with your scary "nota fiscal" that made everyone shut up shop because they thought you were a tax inspector? Pardon me if I say I can't work out which side you are on.