The track to less than $100 btc is on the way, many exchanges will close along with coinbase by Friday.. Prepare, get your coins out, sell now or wish you did.. more news coming soon.
Fail. Stop posting. Thanks. |
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Full Disclosure:
The ranting lunatic above (mr bitcoin"litcoin"ltcbtcomgwtf!) is extremely vocal about bitcoin ultimately never amounting to a hill of beans.
This is the true motivation behind his anger. Not the isolated prediction in the original post.
He posts things about Bitcoin ultimately failing, all the time.
k thanks.
-B-
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Without a doubt - get Andreas Antonopoulos there. Even if something crazy comes up where you can't swing his flight expense or something (im sure this wont be an issue but still..) we could even crowd fund his way there. Its that important to get Andreas on the stage. His voice is that influential, articulate, and authoritative. I believe the local culture will respect his presentation. In fact, see if you can make him the keynote speaker. The introduction to Bitcoin. The main event with BTC 101 as the topic. OH: and i dont know what your prices are going to be, but keep in mind Bitcoin is still new. Especially out there. I think you could fill a conference hall if you had an open invite to all the locals. Put some serious "flyer" marketing into it ahead of time. Get the word out everywhere to business owners, calling it "The new Economy". Spark their curiosity. Now is their chance to get in on the ground floor. etc. And get everyone into that room with Andreas for the intro to Bitcoin speech. Rather than charging $250 per head just to get in, and ending up with 200 people. Start charging a lot in 2015. Here is his official conference invitation page: http://antonopoulos.com/conference-invitation/-B- |
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Another episode of "Drunk Bitcointalking" ? Or do you just like making yourself a:  PS: anyone who says "bro" is on my "barf" list. |
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Signed.
Gox should be banned forevermore.
-B-
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Guess one has to be super extra special smart to figure out the point of this thread.
-B-
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Bitcoin is a protocol which can be built on top of.
Bitcoin is not the end-all be-all to its own functionality.
Services can be created on top of the Bitcoin protocol which provide instant transactions necessary for different types of commerce.
We need to stop thinking of Bitcoin itself as the "whole package".
It is a foundational layer like TCP/IP. On top of that layer, you've got Ebay, Monster, Esurance, Napster (lol)...etc
On top of Bitcoin you've already got MasterCoin Foundation, Gyft, and even insurance services guaranteeing the security of your wallets.
Much more is coming.
-B-
Bitcoin is supposed to be a currency controlled by predefined algorithms, the rational behind using bitcoin is that traditional fiat currencies are getting devalued by governments and gold is hard to verify and transport. if by services created over bitcoin to provide instant payment you mean a third party company that clears transactions then we might as well just use fiat money, because this clearing company can now print bitcoins out of thin air just like banks do today. if the transaction is not processed and verified on the blockchain there is no point in using bitcoin No. This would not require or imply "printing Bitcoins out of thin air". Not only is that impossible, but that's not how the service would work. They would more likely hold a stash of coins and enable immediate transaction within a system they've built. if the transaction is not processed and verified on the blockchain there is no point in using bitcoin. Coinbase operates outside the blockchain for many of their transactions. They are not an exchange, but moreso a broker. They purchase in bulk ahead of time, and sell at their own prices. This enables additional features like (surprise) immediate availability of BTC purchases, before they've even taken the money out of your bank account (a process that takes 3-5 business days). If your point is that it "could have been coded better for microtransactions" ? I think everyone already agrees. If your point is that Bitcoin is one big fail because it wasn't .. thats not rational. "Might as well just use fiat" That doesn't make any sense. Why would all of Bitcoins benefits be nullified simply because certain aspects work better with 3rd party services built on top? In the future Bitcoin is going to be 1% Bitcoin Protocol 99% 3rd party services built on top of it / latched into it. Even for the things it already does well. Just to add 100 more perks on top. -B- |
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Why would we listen to the biggest crooks on the planet, here is a list of current JPM fines since 2010, these are the ones they were caught for or owned up to, god knows how many went hidden.
Get the FUD out of here, JP morgan.
Oct. 2013: $100 million: Agreed to pay a $100 million fine and admit to reckless conduct and market manipulation in connection with its 2012 "London whale" trading debacle, the Commodity Futures Trading Commission announced.
Sept. 2013: $920 million – Paid to the Federal Reserve, Securities and Exchange Commission, Office of Comptroller of the Currency and the United Kingdom's Financial Conduct Authority to settle claims about management and oversight of traders involved in the "London Whale" disaster. The bank also admitted wrongdoing in the trading episode, which caused roughly $6 billion in losses.
REPORTS: JPMorgan strikes tentative $13B mortgages settlement
Sept. 2013: $389 million – A total of $80 million in fines paid plus $309 million in refunds after regulators charged that more than 2.1 consumers were harmed by unfair billing practices that charged for credit monitoring services they did not receive. The settlement also covered allegations that consumers were harmed by mistakes in thousands of debt-collection lawsuits.
July 2013: $410 million – Penalties and repayments related to Federal Energy Regulatory Commission findings of alleged bidding manipulation of California and Midwest electricity markets from Sept. 2010 through Nov. 2012.
January 2013 and Feb. 2012: $1.8 billion – Two agreements in which JPMorgan joined other major banks in a nationwide settlement over allegations the institutions improperly carried out home foreclosures after the housing market crisis. JPMorgan also agreed to $3.7 billion for financially troubled homeowners and roughly $540 million in refinancing.
November 2012: $296.9 million – Paid to settle SEC allegations that the bank misstated information about the delinquency status of mortgages that served as financial collateral for a securities offering underwritten by the bank. JPMorgan received more than $2.7 million in fees on the offering, while investors sustained at least $37 million in losses.
August 2012: $1.2 billion – The bank's share of a broad settlement resolving a class-action lawsuits that alleged JPMorgan, other banks, Visa and Mastercard improperly conspired to set the price of credit and debit card interchange fees.
April 2012: $20 million – Paid to settle Commodity Futures Trading Commission allegations that the bank improperly extended credit to Lehman Brothers based in part on customer funds that were required to be kept separate.
August 2011: $88.3 million – Fines settling allegations by the Treasury Department's Office of Foreign Assets Control that the bank improperly processed transactions involving Cuba, Iran and Sudan.
July 2011: $228 million – Settling SEC allegations that the bank fraudulently rigged at least 93 municipal bond transactions in 31 states, generating millions of dollars in ill-gotten gains.
June 2011: $153.6 million – Penalties to the SEC in settling allegations that the bank misled investors about a collateralized debt obligation it marketed without telling them a hedge fund chosen the underlying collateral and made investment bets it would fail.
April 2011: $56 million – Paid to settle claims the bank overcharged active-duty service members on their mortgages. The agreement included $27 million in cash to approximately 6,000 military personnel, lower interest rates on soldiers' home loans and the return of homes taken in improper foreclosures.
June 2010: $48.6 million – Fine paid to settle allegations by Great Britain's financial regulator that the bank's London unit failed to maintain required separation between clients' accounts and JPMorgan funds.
Gold ^^^^^^ Repost this in the comments section of every article mentioning banks and their take on Bitcoin. Needs to be repeated ad nauseum. -B- |
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Bitcoin is a protocol which can be built on top of.
Bitcoin is not the end-all be-all to its own functionality.
Services can be created on top of the Bitcoin protocol which provide instant transactions necessary for different types of commerce.
We need to stop thinking of Bitcoin itself as the "whole package".
It is a foundational layer like TCP/IP. On top of that layer, you've got Ebay, Monster, Esurance, Napster (lol)...etc
On top of Bitcoin you've already got MasterCoin Foundation, Gyft, and even insurance services guaranteeing the security of your wallets.
Much more is coming.
-B-
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Dear Weak Hands:
If you can't handle the ups and downs of the Bitcoin landscape, my request is that you don't invest in the first place.
Its because of all of you that the price fluctuates wildly at the slightest bit of bad news. None of this superficial nonsense this past week should have caused the price to change 1 penny.
But because of you overemotional opportunists who know nothing about the infrastructure going up, and who have "0" confidence in the very thing you're investing in, we see dramatic price fluctuations.
This in turn makes Bitcoin look unstable and weak, because those doing the analyzing also ignore the infrastructure and commerce happening.
Please: If you can't handle Bitcoin, stop investing in Bitcoin.
Its only going to get worse. Entire countries are going to wage war on it eventually.
Central banking systems will go out of their way to bring it down.
If you think this week was bad, you will not make it through the next 2 years.
This message is also to you "day traders" who are playing a huge role in screwing with the price by your intentional panic sells and panic buys. Just so you can make $5 one day ... $10 the next day. You'll spend all day just to turn a miniscule profit, at the expense of the stability of the price. You're embarrassing.
Stop making Bitcoin look "weak" when it is as resilient as ever. You are the weak ones. Invest in Google or something. Please. Shoo...!
Thank you.
-B-
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I knew there was a super cool hip trading word for it.
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So yes, technically you could transfer in and purchase, you would just have to sit and wait until everything gets restored.
Ok: 1) last I heard its just wire time to send money in. so 3-5 business days. but that was months ago. anyone know if sending from US accounts takes longer than that going IN? 2) Can you clarify - wait until what is restored? If all they've done is halt fiat withdrawals, then putting money in and buying BTC should be unhindered, no? -B- |
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Well i was always under the impression that you could wire *in* to Gox even from the USA
You just couldn't cash out to USD ...
False?
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I know Gox can't do "withdrawals". is that withdrawals of BTC from their online wallet to another one?
In other words, could someone get USD *in* to Gox right now and purchase BTC then transfer that BTC out to a local wallet?
At a price of $416 it would be worth the effort.
-B-
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I personally believe that the "comments" section has more power than the article itself, to sway public opinion.
-B-
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nail-gun suicide?
that's creative.
Actually it reeks of a mafia hit.  -B- |
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This is something I think we need. Badly.
I have a Google news feed on my phone and day after day, read ignorant articles on Bitcoin, written by uneducated journalists. Then have to struggle through paragraphs of inaccurate comments from that publications' readers. I have intentionally set up accounts on most of the sites, purely for the purpose of replying to comments under the articles. I try my best to correct misinformation, present alternative viewpoints to the "ponzi scheme" crew, and explain what Bitcoin is doing to benefit the world. But I can't keep doing this alone.
We need a group of people who truly knows Bitcoin, can articulate it well, and who will dedicate themselves to correcting misinformation in articles, and comments.
I honestly think it will be fun to engage in. A team of people who has the Google news feed on their phones, has accounts set up on all the main sites (Business Insider, The Verge, Bloomberg, TechCrunch, Forbes), and who will make a point of it to saturate the comments area with *accurate* information and corrections. Not childish attacks like "You clearly know nothing about Bitcoin". But intelligent, impressive counter-comments, fixing misinformation.
This would take some organization, but I am willing to help try and coordinate it. I don't have a medium for gathering people, other than maybe an IRC channel, so I put one into freenode at #btcnews. I'll park my butt in there and anyone who is interested in an ongoing participation, please feel free to come by. We can post the latest articles and engage folks in discussions that paint Bitcoin accurately. Do our part to grow this technology and help sway public opinion with accuracy.
-B-
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It just doesn't make sense.
Regulators are *salivating* for a regulated cryptocurrency right now. Ripple has been sitting there the whole time, touting itself as the "backbone to the existing banking system". Yet I have google news feeds set up for Bitcoin, Ripple, Ethereum, etc and there hasn't been a single article in the last 5 months on Ripple.
I guess its good for Bitcoin.
-B-
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I had a quick PM with Gavin about this a few weeks ago. He said he is in full support of a decentralized development team, and has absolutely zero desire for he and his foundation buddies to be the end-all be-all of Bitcoin development. He said he is actively pursuing ways to decentralize the development around the world, effort even further. I think he is fully aware of the weaknesses of any form of centralization. Especially in development. He was responding to a question I asked him: "What happens when powerful people come to you and try to force you to change the code, since you're the "go to" guy?"
-B-
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