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12621  Other / Politics & Society / Re: UNESCO declares Islam as the most peaceful religion of the world on: February 10, 2017, 08:23:59 PM
I think it's relatively easy to figure out that our ISIS friends may not be interpreting Islam in the way many people would choose to. And it's rather revealing that many of these Islamic terrorists usually turn out to be drug taking alcoholics who are busy trawling gay dating apps in between munching bacon sandwiches.
12622  Other / Politics & Society / Re: Brexit may soon become a reality? on: February 10, 2017, 05:23:46 PM
They're charging full bore into it and hardly anyone has piped up about it not being the best of ideas. I think we'll find out in a protracted and agonising manner that early optimism might have been unjustified.

Most people polled said they wouldn't vote for it if they ended up worse off. Well, it's bleedin' obvious you'll end up worse off. And the stat about 'what is the eu' being one of the number one searches after the vote says plenty.

The referendum question was purely about being in the EU. It said nothing about leaving the single market or customs union or even immigration. And another thing I find a tad mysterious is that non EU immigration, which is something the UK does have far more control over, has usually been higher but no one seems to have done anything to address that. That probably includes students, but I assume the EU figure does too.

The sum of it will probably add up to broadly similar immigration than before, more expense and hassle operating abroad, humongous expense in terms of disentangling and the country plenty more divided.

Result.

12623  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 10, 2017, 04:31:59 PM
i have seen bitcoin entering a multiyear downtrend based on a china ban that never existed.  Wink

I'd say it was partly inspiration for an outrageous overshoot that was inevitably going to deflate horrifically anyway.

Anyone offering odds on an ETF approval is just pissing into the wind. Still, if people can make money then why not?
12624  Economy / Speculation / Re: What are the odds of Winklesoss ETF passing? [POLL] on: February 10, 2017, 01:18:21 PM
I think there are chances of this occurring, but there is a possibility that the process may be delayed.

This upcoming deadline is the final one. There can't be any more delays. It's either a yes or a no by then. That's why people are getting ever hotter under the collar.
12625  Economy / Speculation / Re: What are the odds of Winklesoss ETF passing? [POLL] on: February 10, 2017, 01:10:38 PM
On a side note you can bet on the outcome of this happening......see link below

Interesting. It would be a better punt if that  bet didn't single out the Winklevoss ETF. In some ways the SolidX one looks like a hotter prospect.
12626  Bitcoin / Bitcoin Discussion / Re: Scaling Argument is Ridiculous on: February 10, 2017, 01:51:28 AM
People here sometimes act like Bitcoin has already won. In reality it's a dot and right now it needs as many people coming on board as possible, not pulling up the drawbridge before it's occurred to the vast majority to approach it.  

There still doesn't seem to be anything other than gridlock when it comes to scaling. If it can't be pulled off now when it's still so small then it's hard to imagine anything'll change further down the line unless it's developed 100% on top of BTC and does nothing to change the original chain.

12627  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: February 10, 2017, 12:53:16 AM
Only because it's zero fee. The Chinese refugees will be heading there so they'll mainly be foreign. Still, hopefully it'll inspire some Japanese folks. The government there seems to be moving more positively towards crypto than the actual population.
12628  Economy / Speculation / Re: What are the odds of Winklesoss ETF passing? [POLL] on: February 09, 2017, 06:21:40 PM
I can not see it happening if bitcoin keeps on this downward trend and if it reaches below what it was from before last year's end then it won't get passed.
That is for certain. Embarrassed

What does price have to do with anything? There are tons of ETFs that have lost shit tons of money. What they care about is safety and viability. The price is someone else's problem.
12629  Economy / Speculation / Re: PBOC really wants to keep the price of BTC suppressed it seems on: February 09, 2017, 06:17:04 PM
It is a big IF rather than when. So far we have no luck with any ETF. Winklevoss, known for theirs by the book approach wanted to establish ETF since mid-2013 - with no effects.
Every time they were denied by SEC. Feds know that if they accept 1st fund of this kind there is no going back so they will try to hinder and slow this process as much as they can.

NASDAQ were the ones who were denying them as far as I can tell. They were the ones who couldn't be arsed to implement the rule change that BATS is.

And this is how real world finance works. If I remember rightly the first gold ETF took considerably longer than four years. This is probably the world's first financial application rabidly watched over by a bunch of brats who live on the internet.
12630  Bitcoin / Bitcoin Discussion / Re: [China's fakeness] Before and after on: February 09, 2017, 06:02:26 PM
I don't buy the mining chart. All a miner has to do is start a second pool and point towards that. They know perfectly well how sweaty people get when the proportions get too high. You wouldn't stop mining, you'd disguise it as someone else. They don't care enough about decentralisation to sacrifice profit. They'll assume that they know best as long as no one else does.

I get the feeling that if we had a glimpse of who's really in charge of mining and how they can all fit on the back seat of a family car we might all cream our knickers in horror.
12631  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NODE Revolution "Your money - your way" -Temp. discussion thread- on: February 09, 2017, 05:54:36 PM
Forget BTER. The Alcurex guy is very helpful. I'm not sure whether they've retained any Node infrastructure though.

Why is anyone bothering with this? I seem to remember a lot of scepticism from other projects regarding the near instant transactions. It might all have been utter bilge as they never released any code.
12632  Economy / Economics / Re: BTC price should have risen after China froze exchanges on: February 09, 2017, 05:52:08 PM
You can still get money out of those exchanges by selling your BTC. Who wouldn't do that just in case? And there certainly won't be as many buyers as there once were on there.
12633  Economy / Service Discussion / Re: Bitcoin transaction accelerator is it true or not? on: February 09, 2017, 05:50:35 PM
Very fair point. It's worth noting, though, that technically, it doesn't go against the decentralization. The coin itself is still decentralized, whether or not a miner or two decide to custom implement block transactions. And they aren't pushing through all, just a few at a time, so it should make little difference, if any.

It's not about decentralisation as such, it's purely usability. If you have to go to a third party to get something done that you could previously do entirely on your own with Bitcoin, then that signals that something's broken somewhere.
12634  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 09, 2017, 05:46:10 PM
Fuck China and their Bitfinex a million fold disaster for bitcoin! Angry

Why would anybody find this surprising in any way? I would class it as growing pains as opposed to a disaster. Something like this was wholly predictable, Bitfinex wasn't, then again considering their numerous failures in the past perhaps it was.
12635  Other / Politics & Society / Re: Cops Mistake 81yo Grandma in Her Backyard for a ‘Suspect’ Have K9 Maul Her on: February 09, 2017, 05:43:15 PM
You cant compare old lady in a shed on HER property and war situations.

US police seem to believe they're at war every single day of the year. I love spending time there. I certainly wouldn't want to live there because of the sheer boneheadedness and corruption of the pigs there.

Any country that cheerfully supports civil forfeiture doesn't really strike me as one up from any other third world toilet.
12636  Other / Politics & Society / Re: Brazils Purge, disarmed civilians being slaughtered in the streets. on: February 09, 2017, 05:39:47 PM
I wonder what it is with Southern America and violence. Isn't it something like 40-45 of the world's 50 most violent cities are located there? There are poorer places where life isn't anywhere near as cheap as it is there.
12637  Economy / Economics / Re: How much are you willing to pay in fees for a Bitcoin transaction? on: February 09, 2017, 01:01:44 AM
I think it should stay low so people are not discouraged from making Bitcoin transactions. The problem is that miners need to get paid. Small transactions are not worth it if the fees are too high.

The block reward pays them plenty. Its up to the users to decide whether they want to carry on once the reward is borderline negligible. I have a feeling they won't be too keen if each transaction is ten dollars plus.

At a certain point someone's going to bail, either the serious miners because it's no longer worth their while or the users who go off in search of something cheaper and less crippled.

And as is often pointed out more nimble miners will take their place, but if the users are gone they'll probably stay gone.
12638  Economy / Service Discussion / Re: Bitcoin transaction accelerator is it true or not? on: February 09, 2017, 12:55:34 AM
I've heard of a fair few people making use of it. It kind of feels like the tip of the iceberg to me though.  Unless summat gets sorted out bitcoin will be smothered by 'bespoke' blockchain services doing what the raw chain should be doing itself.
12639  Bitcoin / Legal / Re: Silent miner on 30+ PCs on: February 08, 2017, 07:32:15 PM
An alt, yes. Bitcoin, forget about it. You'd probably need 300,000 PCs to match one ASIC or something. And it's something increasingly prevalent and increasingly frowned upon. They'd nail you to the wall for it.
12640  Economy / Speculation / Re: Today's volatility with 1009 bottom proved Chinese news has no power anymore on: February 08, 2017, 07:07:54 PM
The PBOC is just trying to get on with their job. If you want to get arsey with anyone then blame the hair trigger pussies on the exchanges.
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