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China-Bans-Bitcoin -> FED-Silk-Road-Auctions -> SEC-Denies-ETF
gubmint insiders manipulating/trading price on events they control ... same thing has been going on in precious metal markets for decades, they're all as corrupt as fuck and they control the monopoly money racket.
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There is NO free shit army without toilets, without free shit toilets, it's axiomatic.
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Elwar, can you repeat the story here that you've told here before, about a local bitcoin sale you did long ago, that did not go well?
 Is that a real animal? it looks like a juvenile of a species from the Galaxiidae family of freshwater fish ... native to NZ (and a few other s. hemisphere countries). Colloquially know as whitebait and considered a delicacy. |
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bitcoin is currently undergoing it's last great accumulation phase ... so far we have had around 4 or 5 of these, depending on how you do the math on those crazy times when bitcoin was ripping from 0.1 cents to $32 ...  those were the real crazy days guys ... anyway back to the present we now have the largest financial entities on the planet, NYSE, Goldman, UBS, etc trying to figure out what their "bitcoin strategy" is going to be, and this is in the next 1 to 2 years max ... not 5-10 year, note this is a full 5-7 years after the cypherpunks suggested these guys needed to develop a bonafide bitcoin strategy or get left behind. So the various fudsters, scam artists and goldbugs are trying to sell you something and keep you out of the greatest monetary revolution in 500 years are lining their pockets, telling lies and shilling for frauds, pyramids and ponzis, will always show up here to stop you filling your boots in this last great accumulation, like every other time the easily deceived millions have gotten left behind when the inevitable next adoption wave comes rolling over. The market forces swelling up beneath bitcoin valuations are unstoppable, like a tsunami coming ashore in ever greater tidal pressure waves, the financial incentives and energy behind bitcoin are vast, on global and intergenerational scales in space and time. Fighting against them is the ultimate in an exercise in futility and stupidity. Once the largest financial pools of global capital are completed hedging themselves from monetary risks with the first true global currency, bitcoin, then the extreme volatility and large adoption waves phase will be over ... there just doesn't exist the capital on the planet to create such conditions again. Your children, grand-children or descendants for 5 generations will never see what you are witnessing in these times. Bitcoin value will keep climbing steadily after this last great run, and maybe volatile but once a large portion of global capital is engaged in bitcoin as a monetary instrument the times of massive gains and extreme volatility will be largely behind us (save for some contrived scares and mini-bubble hypes). Bitcoin value will then begin to come more attached to the underlying economic activity executed using the deflationary coin (all hodlers benefit from economic and technological advances in bitcoin-denominated businesses). Bitcoin's already impressive decentralised and robust nature will only increase after the great adoption waves are finally subsiding and mining will become more widely distributed globally and into smaller more distributed devices as the mining chip technology reaches state-of-the-art, commoditised, leading edge maturity. This is your time people, fill your boots or doom your descendants to also ran status ( you should be able to pick some up all the way down to ~$2500 in the next 18 months with good timing and preparation, anywhere below $5k is a steaming hot buy and hodl). See you at $300k in 2025. |
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http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/It's really worth a read. This guy is big wig of ICE, a major player when it comes to global financial exchanges, who knew he got started when Enron went bust and left an open field in energy trading .... and later dragged NYSE out of stoneage and back from the death after 2008. Sounds like an interesting guy. What is not so interesting is his insistence that he can centralise bitcoin global trading around his ICE-NYSE-BAKKT network (providing settlement for the one-true global currency) ... he sounds very dismissive of the decentralised and distributed nature of bitcoin that gives it's desirability and strengths. Doesn't sound he quite "get's it", but that seems hard to believe given his background so what he says and what he does need to watched, closely. Chances are he will get rekt like every other exchange owner who has tried to be bigger than the coin and he'll be talking his own book too ... but he doesn't mind taking on the banks for cross-border currency settlement, and that's a good thing. Ultimately, though he is just providing another siloed counter-party solution where bitcoin natively provides a platform for moving security to the edges of the network ... the tools and technologies for individuals and institutions to confidently manage their own coins and connect directly to btc network are very slow to come to the market, except for hardware wallets. snippets ... The founding imperative for Bakkt will be to make Bitcoin a sound and secure offering for key constituents that now mostly shun it—the world’s big financial institutions.
Along the way, Sprecher built a flailing electricity exchange that he reportedly purchased for $1 into a global trading and data empire now worth $44 billion. “In 25 years he’s gone from nothing to the most powerful exchange entrepreneur in the world,”
Sprecher and Loeffler disagree, arguing that a strong central infrastructure is precisely what’s needed, and that ICE and its partners are the ones to supply it.
The big institutions are ICE’s main customers, and Sprecher and Loeffler understood their thinking about crypto-currencies. They reckoned that Bitcoin could thrive as a mainstream investment because the big money managers recognize that ten of millions of their current and future investors want to own it––if it can be packaged as mutual funds and ETFs. “The institutions saw that Bitcoin had lots of appeal as a store of value like gold or silver,” says Loeffler.
Once Wall Street gets the flywheel whirring, Bitcoin would gain the liquidity to become a bona fide currency. Sprecher and Loeffler predict that multinationals would then adopt Bitcoin for international payments. “The banks control international payments, and the system is very expensive,” notes Sprecher.
Bakkt would be connected to the ICE Futures U.S. exchange, so that customers could seamlessly trade Bitcoin for dollars or Euros. Then, the Bitcoin would simply shift from the seller’s lockbox in the ICE warehouse to the buyer’s lockbox, as if a forklift were transferring gold bars from one storage locker to another.
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From https://www.sec.gov/news/public-statement/peirce-dissent-34-83723By precluding approval of cryptocurrency-based ETPs for the foreseeable future, the Commission is engaging in merit regulation. Bitcoin is a new phenomenon, and its long-term viability is uncertain. It may succeed; it may fail. The Commission, however, is not well positioned to assess the likelihood of either outcome, for bitcoin or any other asset. Many investors have expressed an interest in gaining exposure to bitcoin, and a subset of these investors would prefer to gain exposure without owning bitcoin directly. An ETP based on bitcoin would offer investors indirect exposure to bitcoin through a product that trades on a regulated securities market and in a manner that eliminates some of the frictions and worries of buying and holding bitcoin directly. If we were to approve the ETP at issue here, investors could choose whether to buy it or avoid it. The Commission’s action today deprives investors of this choice. I reject the role of gatekeeper of innovation—a role very different from (and, indeed, inconsistent with) our mission of protecting investors, fostering capital formation, and facilitating fair, orderly, and efficient markets. Accordingly, I dissent.
Hester M. Peirce, Commissioner   |
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I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?
You merely misunderstand the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions. ... or you do? Why don't you just write down this ever-so-simple equation that explains where everybody else fucked up and shows simply why Bcash is the embodiment of the time derivative ratio of adoption to technology? You are so full of shit ... isn't it time you got the fuck outta here with your Bcash shilling and pumping? |
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.... right JJG, where's that beer? ... thirsty work destroying walls, agile killer whales help.
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the ETF application will fail
I'm hoping this is already priced in. Idk. Just because I'm all doomed out doesn't mean the market is, I guess. Still, poor Jay tho.  You are starting to act like fatty with your pussified passive aggressive irrelevant and nonsensical comments. By the way, I like to see that there are about three walls of 500 coins each for sale between $7800 and $8k, and perhaps they will be eaten through quickly given our current price movement? .... here, hold my beer, I'll show you something ... |
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Definitely going down now. It's busted, never gonna work, doom forever!
See you at $2500.
Losers.
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There are actual physical differences between people. Get over it.
Um, that falls into the study of anatomy. It's not novel or particularly controversial, what particularly do you expect me to "get over" exactly? |
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Anyone heard from masterluc?
Last I heard he was working on a rocket design Hydrazine or kerosene? |
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gawd, how does this place go down the shitter so quickly ?
bronie pics, racial baiting, nasty taxation debates ... and we only dropped less than 1% in price.
Blonde girlz rule, taxes are theft, bitcoin is money ... let's move on now?
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Guys look at this. From the paper Scalable Funding of Bitcoin Micropayment Channel NetworksWe propose a new layer that sits in between the blockchain and the payment channels. The new layer addresses the scalability problem by enabling trust-less off-blockchain channel funding. It consists of shared accounts of groups of nodes that flexibly create oneto-one channels for the payment network. The new system allows rapid changes of the allocation of funds to channels and reduces the cost of opening new channels. Instead of one blockchain transaction per channel, each user only needs one transaction to enter a group of nodes – within the group the user can create arbitrary many channels. For a group of 20 users with 100 intra-group channels, the cost of the blockchain transactions is reduced by 90% compared to 100 regular micropayment channels opened on the blockchain. This can be increased further to 96% if Bitcoin introduces Schnorr signatures with signature aggregation. Does everyone else know about this? I have a night ahead of me trying to comprehend this white paper but man I'm actually excited to dig into this one! ... yeah, sounds awesome right? Signature and transaction aggregation was always the way forward, exchange TX aggregation, payment channels, lightning network and other stuff are the best examples of that so far. Every BTC blockchain TX is sacred, it's like that monty python song (ask LukeDashJR), any number of sub-transactions, sub-sub-transaction and etc ... can be scaled into any single BTC blockchain transaction, it's merely a problem of trustless, anonymous coordination of the aggregation of signing parties, which is evidently soluble. Big whorls have little whorls
That feed on their velocity,
And little whorls have lesser whorls
And so on to viscosity.
-- Lewis F. Richardson Scaling down and in-between the cracks was always superior to scaling up for fungibility, robustness, censorship-resistance, decentralisation and etc. It just needs brains, vision and sweat to imagine and implement. Self-similarity is a property based on fractal mathematics that happens to the right of the decimal, you need to divide not multiply. Self-similarity and fractal scaling (scale-free networks) is the true power of networks with organic growth. Buh, buh muh-bigger-blocks-now crowd can go shove it ... they were so wrong in how this was going to go and they lost because they bet on idiot ideas, hurt pride and rekt wallets from hubris (and a little dumb-assness). |
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Next time just buy moa on the way up, and sell moa on the way down.
^^ guy gets it. I'm feeling a medium to return to secular bull run is in the making. Lorra lorra peonple waiting to get in sub-5000 and hasn't happened so plenty of fuel in the tanks for the fomo momo rocket train ... but wtf would I know? |
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the window leading up to CME futures option expiry 6/29 should present some good buying opportunities.
Bears have been sitting short for a long time on those will be wanting to take their cash profits ... maybe they'll but bitcoin with them eh TERA2?
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