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161  Economy / Speculation / Re: No bearwhale is dumping along with those retail bears. Time to buy the dip. on: January 08, 2015, 06:33:18 AM

By influencing the reserve, we can affect the short interest.


Nah, I'll just keep my coins on BitFinex and offer to lend them to short sellers at 1% a day.

Where do you get the 1% figure? I am only seeing 0.05% a day for lending out btc.
162  Economy / Economics / Re: Questions regarding MT.GOX fall and Willy the Bot. on: January 08, 2015, 06:28:57 AM
How can a single bot create such price explosion?

Willy bot price manipulation is a myth created by half-asses journalist.

163  Bitcoin / Bitcoin Discussion / Re: Techcrunch Awards: Vote for the Blockchain :-) on: January 08, 2015, 06:25:29 AM
Consumers who value privacy should not vote for blockchain technology.
164  Other / Politics & Society / Re: HONGKONG DEMO on: January 08, 2015, 06:24:11 AM
Surprise the protest is still on going.
165  Other / Politics & Society / Re: Why is Africa stuck in the stone age? on: January 07, 2015, 08:39:42 AM
This is not meant to be an offensive post, I am genuinely curious as to why Africa is so far behind the rest of the world.

The Roman Empire had running water, amenities, reliable shelter and clothing for its entire populace 2,000 years ago. 2,000 FRIGGIN YEARS AGO. They created art, sculptures, vast architecture using 2,000 YEAR OLD technology yet if you go to a random area in Africa, it is plagued by poverty, destitution and just overall squalor.

Why is Africa 2000+ years behind the rest of the world and what can be done to correct this??

http://en.wikipedia.org/wiki/Colonialism
I would say that it is the general lack of current (and recent) colonialism in Africa that would contrubate to it's general lack of technology. When a country starts a colony it will generally bring in resources and it's new technology to it's colony in order for the colony to thrive and to succeed. Without many colonies in Africa it is not importing technology at a as high of a rate that it otherwise would be

Low production cost will bring in new technologies and expansion if basic infrastructure and security are in place. If a country can not provide simple need and security for its own citizen, why would anyone invest in the country?
166  Other / Politics & Society / Re: Why is European Union Fundamentally doomed... on: January 07, 2015, 06:49:33 AM
European Union will fail because their citizens are over paid and over feed.
167  Bitcoin / Bitcoin Discussion / Re: Why are cryptocurrencies the future? on: January 07, 2015, 06:48:01 AM
Max Keiser is only supporting something for his own benefit.

Several banks have already said that the technology behind Bitcoin is something that can change how we do payments.

It's the blockchain that they are interested in, not so much Bitcoin as coin.

If the blockchain technology is widely adopted by bank, many banks will go bust because end consumers will be able to deal with each other and no need to use them.
168  Economy / Economics / Re: The big wave is coming on: January 07, 2015, 06:44:39 AM
What do you think will be the highest value this year? Below or above $1000?
I have an optimistic view .. so I guess we will fly above 2k

And your justification for over 2k?
169  Economy / Speculation / Re: Let us return to early 2013 on: January 07, 2015, 06:43:08 AM
You see, on 2013 the price always going up. Reaching 2 amazing all time high. While on 2014 the price only decreasing. And now we're under $300, just like early 2013.
2013 had two Bitcoin bubbles - the Silk Road drug bubble and the China exchange controls evasion bubble. The Silk Road crowd is in jail, and the People's Bank of China cut off the air supply of the China bubble.

Another bubble would require a new use case for Bitcoin. None was found in 2014.

Can't find another market as big as China. Price will continue downtrend until new market emerges.
170  Economy / Speculation / Re: Why exactly is the bitcoin price so high? on: January 06, 2015, 06:52:45 AM
Hello! I've been out of the bitcoin scene for a few weeks and I come back to see the prices dropping a lot. I saw that BitStamp is down for now but that can't be the only reason, can it?
Of course I have faith in the price rising again, but I would like if someone elaborated to me why this is happening ^^

Simply law of supply and demand. When the supply is higher than demand, price will need to go down to find buyers.
171  Other / Politics & Society / Re: Lithuania joins Euro-zone on: January 06, 2015, 06:51:09 AM
I am Lithuanian. Read independand press. I can post in Lithuanian, predicions are different. Sorry, but we don't want to live again in russian occupation, we want to live in eu occupation, i think it's better.. have a good day.

Joining EU sounds like a good reason to be invaded by Russia judging by recent events.
172  Other / Politics & Society / Re: Why Bitcoin Will End the Nation State on: January 06, 2015, 06:48:17 AM
Delusional to think a new technology can destroy a government.
173  Economy / Trading Discussion / Re: Do you know these people who got destroyed by BTC? on: January 06, 2015, 06:46:54 AM
At least they didn't end up in jail like some of the bitcoin brokers.
174  Bitcoin / Bitcoin Discussion / Re: 2015: the year of the decentralized bitcoin exchange? on: January 06, 2015, 06:44:55 AM
Decentralized concept is a pipe dream. Large scale efficient manage of data and resources required a seed server (centralized) to keep track of everything.
175  Economy / Speculation / Re: Could someone help teaching me how to short on: January 06, 2015, 06:36:20 AM
LOL. This has to be a parody account starting this thread. If not, a good sign that the bottom will be in before long.

Cost of production is way below current market for a while now. If ASIC development cycle is any guide, 9-12 months is the period needed to get rid of excess capacity unless manufacturers think they can out-smart the market by keeping up production level.
176  Other / Politics & Society / Re: Why is Africa stuck in the stone age? on: January 06, 2015, 06:28:14 AM
This is not meant to be an offensive post, I am genuinely curious as to why Africa is so far behind the rest of the world.

The Roman Empire had running water, amenities, reliable shelter and clothing for its entire populace 2,000 years ago. 2,000 FRIGGIN YEARS AGO. They created art, sculptures, vast architecture using 2,000 YEAR OLD technology yet if you go to a random area in Africa, it is plagued by poverty, destitution and just overall squalor.

Why is Africa 2000+ years behind the rest of the world and what can be done to correct this??

http://en.wikipedia.org/wiki/Colonialism

When people or historians pointed colonialism as an excuse, they should ask why the continent is so prone to colonialism and not able to defend itself. The truth is obvious for non-politically corrected historians.
177  Economy / Speculation / Re: The first prediction/playgame for 2015 on: January 06, 2015, 06:25:12 AM
I think the price would raise from $270 to $300 within one or two weeks, and next the price will have two paths to go, one is that it continues to raise to $450 then fall to $450, and wander at $400 for a long time; the other path is that the price would fall to $250 when it reach $300, and then hold at $200~$250.


200-250 is a good entry point for short term trade. Hard to see how price can not go up when so many mining farms going bust.
178  Economy / Economics / Re: Wow look at the prices changes ! on: January 06, 2015, 06:23:32 AM
I don't think the price will raise 300$ this month

300 dollars is just barely 10% away from around 275. Wild fluctuation is the norm for bitcoin price.
179  Economy / Speculation / Re: Still too many bulltards on: January 04, 2015, 05:59:12 AM
I actually believe that a lot of the really weak hands have already left the game. Maybe for good. Some of them may have even reached the acceptance phase by now. Also some of the more risk-prone people could be wiped out completely cause they've been margin-called already.

Yes. Got to wonder who still hold more than 10 btc at this stage.
180  Economy / Services / Re: GAW MINERS PAYS FOR YOUR SIGNATURE >>> HIGH RATES 50posts = 0.1BTC JOIN US! on: December 23, 2014, 05:24:54 PM
Re-enrolling.

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