My Chinese fellows are lining up to buy gold, my sympathy for them.  |
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Can someone explain why dump 4500K BTC on the market with such slippage. Are there not trading programs that will slice the order up into smaller, random appearing pieces and consume tasty bids from time to time until the whole order is filled? One could do that manually too.
The slippage is not that great, consider what we had been having. |
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I can talk a bit more about the implications of Xiaolai's experiment here, and why it's worth doing for its own sake: there are high financial barriers restricting money flow from/into China(no international credit card acceptance, paypal operates separated from its other branches, etc), this, combined with the facts that it's simply practically impossible to register a charity organization accepting foreign donations without heavy government interference(even government employees have difficulties getting permission for receiving foreign grants--they may suspect that you will work as an agent for foreign anti-CCP organizations, yes I know, incredible isn't it?) and government-sanctioned "charity" organizations are so hopelessly corrupt that the state-operated Red Cross is actually one of the most hated organizations in China, has prevented foreign donations from going to those they are intended to help.
With Bitcoin, this financial barrier can be effectively circumvented, any trustworthy individual can accept donations from anywhere in the world, something no other payment method can achieve currently. SO Xiaolai is eesentially going to set a precedent with his actions.
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I can guarantee OP's trustworthiness, as you can see by checking his weibo/twitter account, he is a very famous public intellectual /activist/speaker in China.
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After watching the other wall charts/wall chart thread for a long time and noticing along with some other people that there was a 10 pages to 1 bitcoin ratio most of the time.
I think it's funny that that thread is now locked at 1200 posts and the price is right around 120, there's my observation.
adam, unlock the old thread!!! Please not, too much centralization. |
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It seems to return the correct value for platform.system() at least. pi@raspberrypi ~/BitcoinArmory $ python -i
Python 2.7.3 (default, Jan 13 2013, 11:20:46)
[GCC 4.6.3] on linux2
Type "help", "copyright", "credits" or "license" for more information.
>>> import platform
>>> print platform.system()
Linux
>>> platform.processor()
''
And putting in the "raise" as you say makes Armory start properly. Yay! How is the speed? Acceptable I hope? |
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Did they really receive $100 million worth of bitcoins from preorders? It's almost like they are a dotcom bubble startup, wow.
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Agreed. The uncertainty is killing me.
Hmmm....what about stability? Fit for a...currency? Way too early. Read:"I am not rich enough yet so it's way too early."  |
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Agreed. The uncertainty is killing me.
Hmmm....what about stability? Fit for a...currency? |
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So... everyone is asleep.
I notice the reduction in your post count. |
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OP please try to understand Bitcoin before you talk OK?
I probably understood it better than you will even in your whole life. The market just needs a trigger to fall, and this can be it. Or maybe not. and the supply will increase
Nuff said. |
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electricmucus is by far the most pathetic troll of them all, i very much doubt anyone even bothers reading the crap he comes out with, because all he does is spread FUD all over every forum thread, it's very sad and very pathetic that such a lame troll has to be so desperate as to troll all the threads and be so desperate as to try and make people listen to him
Maybe one day he'll do everyone a favor and just leave, but until then i hope that everyone just ignores him, because really it's quite sad to see a person be so pathetic and desperate.
The ignore button is your friend. I can only imagine how dark EM's "ignore" button is at this moment. To mentally ignore someone is more important than technically ignoring him. |
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That's right. Just sell - my wire only clears after several hours, so you have plenty of time to take it to 80 now..
Depends on if they still have enough to sell to $80...  |
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I am pretty sure the only reason that is stopping this from turning into a major panic is bears' empty pockets.
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I can log in but just can't trade now !
Confirmed, no trading even on BFX. |
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OP please try to understand Bitcoin before you talk OK?
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Don't overestimate the bureaucrats in Beijing, and don't underestimate the adventurers in Shenzhen. What's going on in Shenzhen ? Well, it's a general analogy actually, but yeah, I seem to recall Roger Ver settle with his business partners in Shenzhen using bitcoins from time to time, not to say most of the ASICs are manufactured there. This quartz article, I believe, is spot on. I have been saying for months Chinese people will be interested in bitcoin as a medium of exchange for buying things oversea, all we need is the American/European merchants to wake up to this profiting opportunity and start accepting bitcoins, it is good to see finally some first-world people catching up with the idea. I totally agree that bitcoin is a great thing that would suite Chinese people very very fell. I do however feel that due to the internet/news censorship out here that it will be hard if not nearly impossible for bitcoin ever to really get a strong foothold in China. Also I believe if it does that the government would act quickly, if there's every a government that would be fearful bitcoin China's government would be near the top of that list, no? Will be interesting to see what happens though. The government hates us for doing many things, like oversea purchasing itself, like browsing "reactionary" websites, most of our businesses need to play this "cat-and-mouse" game with the authorities on a daily basis, it's just part of our life, sounds incredible? If you live in China you need to get used to it. Besides, why should the Party go totally crazy on Bitcoin if they finally can wrap their rotten brain around it? The government is consisted of a bunch of vested interest groups, and some of them happen to want to...surprise, make money, and for some of those who want to move their money to a foreign bank account, this could really help....and yeah, yeah, comrades, what happen to the resolution of challenging U.S financial hegemony? Did you all forget so soon?  The worst that can happen, I think, is the propaganda bullhorn will max out its volume, and those who can not live without getting brainwashed will shy away from bitcoins, which is, after all, what happened every single day after 1949. |
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Don't overestimate the bureaucrats in Beijing, and don't underestimate the adventurers in Shenzhen. What's going on in Shenzhen ? Well, it's a general analogy actually, but yeah, I seem to recall Roger Ver settle with his business partners in Shenzhen using bitcoins from time to time, not to say most of the ASICs are manufactured there. This quartz article, I believe, is spot on. I have been saying for months Chinese people will be interested in bitcoin as a medium of exchange for buying things oversea, all we need is the American/European merchants to wake up to this profiting opportunity and start accepting bitcoins, it is good to see finally some first-world people catching up with the idea. |
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Don't overestimate the bureaucrats in Beijing, and don't underestimate the adventurers in Shenzhen. |
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