CNN did a quite sympathic cover on this with his family making the basic point that the punishment outweighed any personal involvement he had in the trade.    Im not sure how guilty he is but I'd guess 10 to 15 years as a normal punitive sentence.   No violence was involved by him I believe, bank robbers with shotguns fired would get like 20 ?

He is basically a victim of a over developed government with no limitations on its spending or accountability to its actions it seems.  His best hope is the government goes broke or defaults and a radical change to the current big gov thinking comes about.   No localised system of justice would require someone like him to die after decades in prison, he is a political pawn.

USA is not isolated in this kind of thing, I believe its relatable news that a citizen was fined for photographing a police car and complaining on facebook about their parking.  This is considered a crime of citizen persecution of government or some weird thinking.  My take, Ulbricht upset the gods and they are wrathful lol  his appeal is not likely to succeed in mitigating that effect but if they even cut it to 40 years that'd be something

https://www.fbi.gov/baltimore/press-releases/2009/ba121109a.htm

Im no way trying to defend him, I think he was an idiot but his sentence is more to do with the system then him personally

^^  It also depends on what worth dollars hold at that time, we're not talking fixed exchange.  The argument I read was always that dollars are produced at a far greater rate then actual natural growth or popular use but bitcoin is relatively limited.  Of course dollars are world currency and its hard to gauge demand.  Bitcoin had aspirations towards the same global use but though its widespread its very sparsely used of course, longevity might save bitcoin but Im not sure

Thats alot of lurking, must be more active then me because Im logged in reading a thread but not browsing as such so you got me beat:
14 days, 16 hours and 50 minutes

& you registered before me so wtf  

May I join for sig/av please, full member if no hero available at that time

Rank: full member
post: 1084
Address BTC: 12NSiJ3HJaMvYBj83wycPCZQVuWYicNKZF

No medal for spelling thats for sure


I dont think people are lying just the amounts actually held vary.   I hold a bit not much, I spent most just like I do with any cash spare sorry

Its hardly an arcane reference, you know the California three strikes rule.   Clearly this guy is a loon because his third crime was to steal a toy

From wiki:

NMC  ? Im going to have to check as I dont think I ever withdrew.   End of era this is, never a legendary tag more appropriate

 
Seems necessary and 'side chains' not a distraction but required, I wonder how/if things will progress or fall apart.  Creative destruction is a natural thing not a one off

Theres a guy in prison for life for stealing a fluffy bunny toy, such a harsh crime put him behind bars till he dies so Im not surprised this guy will never be seen again

Seems a tad limited, how many transactions does Mastercard process every second.   Im kinda amazed, waiting for the but actually part...
Not sure if such a person could be banned or declined service, restricted in their access or priority over others with reference to their previous (recent) use perhaps.     The natural state of all capitalist systems is be thrown apart and in a way its a positive because it forces a tendency towards competitive useful products, sure this is a fool screwing things up but it has to be anticipated he wont be the last to try or even that it might occur naturally under stress

Thats not the exception its the norm.   People need to realise most of the world does not live in USA yet the dollar is world currency.   So most people are wondering how it is you only accept things you can control, this is a luxury in monetary terms.   The whole concept a country sets its own interest rates rather then the circumstances they navigate is not a good working idea

Gold is not a currency controlled by government yet has been the baseline for many centuries, it was in national use in many places without any real mining source


An exponential chart recognises a trend more then a linear chart can show.   So so say technology growth is exponential which has been shown true, some tech companies might go grow similarly and be described best in that way.  BTC could also fit such a trend if we consider its growth globally still possible

He isnt flying, the clouds are water vapours and he is light enough to swim within them.   Not sure what that is to do with bitcoin but the fishing boat is less fortunate and is denied its quarry by its less noble means

Yep basically this.   Whats happened here is you believed the hype of government, who want you to believe in such things as official prices.   Or regulated markets with government official stamps, with tariffs and taxes of course are what BTC needs, too dangerous otherwise.  
 To me the whole point of BTC is it should be self regulating.   There is never an official price, capitalism is a free market and I'll give you however many dollars or euros for your BTC that I personally feel like and it is upto the other party to find the best price not a centrally dictated or controlled idea what is allowed
 
Some countries do have fixed exchange rates, usually these are communist or similar dictatorships with punishment possibly with death for those who have another price in mind.    Well meant ideas unfortunately turn to force to ensure their success.  Even in USSR their fixed exchange rate was false, people did use dollars and the price varied every day.   Nixon was a person who put in price controls at one point, you get the idea hopefully

36% is too centralised, seems like its a problem even when not apparent that BTC has become too much about bigger is better.  Will it converge with traditional banking on the same basis, maybe its meant to be
Its a mistake to me, if you want to represent capitalism then the capital value and/or means of production should be within the population ideally

Communism idealism, dreams are dangerous when you act without thought.    Money is nothing but a marker, it allows us to count more precisely thats all really.   Pure barter or voluntary sharing as this is framed is a step backwards very simply because its less precise and harder to describe or plan for in a business cycle.    Sounds like just somebody who should be respecting or at least examining with a level head ideas in wealth of nations or similar, comparative advantage is a massive thing especially now with global trading.  Pure barter across such gaps does not work, or even a plain montary fixed ratio does not work as well as the free flow of money and varied contracts every day.  It disables some trade, discourages speculative ventures that might take place; in a small town setting, agrarian cooperative shared resource planning and ideas such as that could be a positive.

Chesapeake also but should be able to meet drilling costs and debts but this is a guess, the shares are in a five year low even while USA begins to export worldwide LNG a first in many decades.     Low world growth and higher supplies of energy with the Saudis offering to meet any future demand just to let speculators know they have the upper hand on this price, greatly helps the case for deflation
Its quite surreal they have become so determined to keep the price low, its to do with Iran having a higher cost of production and more investment needed and Saudis dont want them to expand their influence at all.  Im told Iran have been nominated as the strong man in the room for the middle east by the powers that be, this makes no sense to me as they fight in Syria but are opposed to Isis at least I suppose

My only thought is a quote from a former president The main point being there I think that its the whipsaw effect that does most damage, the volatility of a swing between the two extremes causes most loss.  While we certainly appear to have deflation on many fronts, it is certain they have expanded the total money supply greatly and GDP has not

Why does the wallet not stake now ?  I have not been keeping upto date and trying to update the wallet, its taking over a week but that might just be my crappy wifi.   Whats a normal time to be full upto date with a wallet

Some good charts but more depth to movement comes from the volume of trading at each price I think.    If all while the price fells the volume has been lower then it rose on, it suggests a possible spike upwards is more possible then just examining the price alone.
If the majority of the volume was while falling then it helps confirm that direction

Two would be a smarter thing to say since you have massive trading risk with only one large element in any market.   The JPmorgan whale comes to mind, a bit of a mistake for just one hedge fund to get involved solely as it really would need overall trading to rise between countries probably merely facilitated by these entities.   

Its not people who hold that really matter with a coin system such as bitcoin.   Those who actually use it as a means of exchange over the world especially on fast velocity transactions, they create value and likely determine where the coin is headed in future.    

If we all just held the coin and thats it, just smoked a pipe dreaming of what it could be worth then its value is essentially zero at that time and my guess in future for all time also.   You want to know the btc price in years then ask those actually use it most.  If its not useful to its users, its not valued is likely how it goes

"Too large"   This is assuming the dollar holds all its current value and this is highly unlikely to last forever.    Right now USA dollars are used as global money, not quite explicitly but its well known that oil wherever its produced is then sold in dollars.
This does not have to continue and if you believe in natural progression, its certain to change so can bitcoin go up by some exponential amount I believe so.   however it will have to compete vs other mediums and long term we cant know which

It doesnt take alot but this is assuming btc could replaced into all those markets and accepted by both parties