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141  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: February 17, 2015, 12:01:41 PM
so sad:

AT&T charges $29 more for gigabit fiber that doesn’t watch your Web browsing

http://arstechnica.com/business/2015/02/att-charges-29-more-for-gigabit-fiber-that-doesnt-watch-your-web-browsing/
A good VPN is about 5 euros/month.

Take the $29 discount, route 100% of your traffic through a VPN, and you still come out ahead.

but how can you know that the VPN won't watch you?

you pay with bitcoin and it doesnt matter if they watch you. they won't know who "you" are.
142  Economy / Speculation / Re: Why I believe bitcoin will never reach 1 million per coin on: February 16, 2015, 01:31:08 PM

Oh look its a post on buttcoin. I trust that source completely.  Roll Eyes
143  Economy / Speculation / Re: Critical Levels - EW analysis on: February 15, 2015, 09:01:34 AM
From a non EW perspective there is little chance we will see sub $100. I think this is where EW analysis falls down honestly, as if looking at arbitrary (albeit possible) market patterns will explain what the largest and most influential traders are doing in this market, because it does not.

The charts reflect the forces acting upon them. There may be large players accumulating bitcoin, but large money wise investors still have trust issues depositing large sums of money into exchanges, and their demand will not be expressed on the main exchanges. By your logic, $150 should never have happened. Would you really be surprised by a brief spike down to $100?

Its not a matter of certainty, but all factors remaining the same, I expect it in principle.

Coinbase now makes that problem obsolete
144  Economy / Speculation / Re: Analysis never ends on: February 03, 2015, 05:22:53 PM
Awaiting current thoughts from the Master...  Smiley

Pretty much nothing to say until we go over 350 or under 160.
145  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 27, 2015, 06:27:07 PM

It's a mockup of the potential design.
https://twitter.com/ryanxcharles/status/559832931112202240/photo/1
146  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 27, 2015, 06:22:55 PM


BAM!
147  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 27, 2015, 06:17:50 PM
oh wait... that's the bank bitstamp is working with and where the funds are  Shocked

you're kidding?

no its, true. But why would that matter? This is related to bonds and I believe there is insurance on deposits in Slovenia.
148  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 27, 2015, 03:57:47 PM
is this just from a blizzard?  Huh Why today?
149  Economy / Speculation / Re: Analysis never ends on: January 27, 2015, 03:56:05 PM
I know longterm (4+ years) long position from current levels down to zero is safe enough.


I am usually pretty good at deciphering the Lucif code, but today I am at a loss.
 Huh
150  Economy / Speculation / Re: Analysis never ends on: January 26, 2015, 02:43:23 PM

Secondly, at what price level in the next week or so would you say with certainty "We're in an uptrend again!" ?

Pretty sure you will know it if/when it happens. Like Luc says, it will be epic. I wouldn't be surprised to see 450-500 in short order.
151  Economy / Speculation / Re: Analysis never ends on: January 25, 2015, 08:20:31 AM
Looks like we passed through the SMA20 for the first time since November. Upper bound on bollinger here is 300, so I wouldn't be surprised to see us hit that or exceed before correcting.

152  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 24, 2015, 10:32:25 AM

For a second I got excited thinking it was this Bill Gross.
http://www.forbes.com/profile/bill-gross/

153  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 20, 2015, 05:23:20 PM
so much good news....time to short?

The New York Stock Exchange are going to be such bag holders... lol Cheesy

Only if bought Bitcoin.  NYSE didn't.  You, OTOH, prob'ly did Smiley

Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?

Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?

Profitability has nothing to do with market cap.
154  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 20, 2015, 05:20:06 PM
What exactly does "transparency to pricing" mean?
All Your Bitcoin Are Belong To Banksters

good luck for them putting their hands on my private keys.

They don't want yours. They already got their hands on hundreds of thousands of cheap coins during the last month. We know what comes next.
155  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 20, 2015, 04:37:08 PM
What exactly does "transparency to pricing" mean?

It means in the future Wall St will be the speculative market setting the price like Gold and GLD ETF with BTC ETFs

Well, yes then I believe this is a big fucking deal.
156  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 20, 2015, 04:22:44 PM
Ummm, so is this not massive news or what!?

https://twitter.com/nyse/status/557544864821542912

Yes, I would say that's very big news.
They are going to bring the same transparency to Bitcoin pricing that the bring to gold pricing. Or mortgage-backed security pricing.

Remember that if you don't have exclusive control over the private keys, you don't actually own any bitcoins.

What exactly does "transparency to pricing" mean?
157  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 20, 2015, 09:06:38 AM

honestly are they just trying to fuck people over? Or is this guy just a fucking moron?
158  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 18, 2015, 06:11:09 PM
Everything you need to know about Factom:

https://twitter.com/koinify/status/556495234478407682

i dont get it
159  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 16, 2015, 03:41:47 PM
Alpari, who have gone into insolvency today, released this statement from their CEO


"I'm sure this isn't the last we'll hear on the subject and the SNB are going to be heavily scrutinised in the coming weeks for what appears to be a horribly irresponsible move on their part. For years central banks have tried to avoid days like today by being transparent and making moves like this over time while drip feeding their intentions to the markets. The SNB have shown themselves to be amateurs today and there is many people that will suffer considerably as a result."



wow. I used to be a customer there. Amazing that they allowed that to happen.
160  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 16, 2015, 10:16:58 AM
Cypher (or someone who feels like they can properly explain it): can you please ELI5 why sidechains will break the incentive mechanism? I haven't been able to follow this thread as well as I used to.

I think (cypher can correct me) its because taking transactions off (main)chain reduces fee-based income for miners. When the block reward dwindles after several halving that is their only incentive to mine. If they have no incentive, then they will not mine, the network will become more vulnerable.

eh ok, there must be some way to count off chain transactions and then credit the miners appropriately. I'm not saying this would be a trivial change, but this scenario is probably 10 years away minimum and I find it fairly difficult to believe that there is no way to get around this between now and then.

it has already been coded.

secure, cheap, off-chain tx is a solved problem. SC or max block size increases are not needed for increasing max TX throughput.

PM me if you are genuinely interested and not just shooting the breeze on a forum.

What say you now Cypher?
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