It’s only ridiculous because we implemented all those Wall Street regulations to avoid market manipulation.

Oh, well if that’s all that’s needed to increase the price I’m sure you guys can handle it.

Damn, I hate it when I’m the problem.

What happened? I thought you people were bitcoins first line of defense? Why are you all sleeping on the job?

He was the first and largest pirate pass-through operator. As far as I’m concerned he, PatrickHarnett and all the other PPT operators/BTCST criminals should be in a cell next to Trendon Shavers. He made all his coin cheating people on this forum.

This photo shows pirateat40 and all the PPT scammers meeting in Las Vegas.
https://m.imgur.com/oL1GtPN

Trendon Shavers (Pirate) is third from the right and Goat is right next to him giving all of you the finger as he takes your money.

He stole a bunch of btc, got pissed at theymos, threw a tantrum, changed his name, left to start his own forum and spend his stolen money. Good riddance.

Don’t worry, no one is selling bitcoin, no one is buying bitcoin, bitcoin isn’t moving at all.

The daily BTC/USD volume is only $200m and the worldwide all fiat volume is only 1.4b.

I know that sounds like a lot but think of it this way.

The U.S. government spends $1.4b just on taking care of the President each year.

Donald trumps net worth is around $1.4b.

The edible marijuana market in the U.S. is about $1.4b.

Internet giant Alibaba's annual Single's Day sale 2018 made $1.4 billion worth of sales in its first 85 seconds.

The largest lotto jackpot was about $1.5b.

George Clooney sold his tiny tequila company Casamigos for $1b.

Jay, just before he left to start his own forum he changed his name to “El Cabron” and deleted more than half of his posts. You’re right about the wink though. As I remember, his wink started in his pirate pass-through thread and again in the BTCST thread. At the time, pirate and his merry band of shitheads (which included goat) were essentially controlling the price. After that, he would do it occasionally when he had some kind of insider info.

Bitcoin (and cryptocurrencies really) started and became popular because of Silk Road. Galker and Slashdot both published articles explaining how to use bitcoin to make drug purchases on Silk Road. The “people” were using it to circumvent the government’s stranglehold on the purchase of controlled substances.

Massive numbers of people buying on Silk Road caused a continual increase in the exchange rate. The constantly increasing value, combined with illicit exchanges willing to ignore government regulations pertaining to money laundering, created the perfect growth medium for scammers. Fraudulent services and businesses of all kind began springing up around bitcoin. Bitcoin then evolved from a “tool of freedom for the people” to the “greatest criminal invention of all time”.

Several visionary’s understood that they could convince VC money to invest in this new profitable commodity. One of the most notorious of these new investors was the Winklevoss twins. They gave a later convicted felon a large injection of cash to operate an exchange called Bitinstant. The owner/operator of Bitinstant was summarily arrested and convicted of laundering illegal drug money. Attempting to recapture their investment, the Winklevoss twins distanced themselves from Bitinstant and went on to submit an application to the SEC to run their own exchange which was rejected twice. I suppose that makes the Winklevoss twins the dumbest VC investors in the history of the world.

Many young tech savvy bitcoin users (with dollar signs bouncing in front of their eyes) kept soliciting VC money from anyone that would listen. Because venture capital only cares about growth potential, many were drawn to the lofty promises made by starry-eyed bitcoiners. Big money was now investigating bitcoin like never before. This close scrutiny made them realize that the blockchain (distributed database) used by bitcoin was the real prize, not bitcoin the token. A frenzy began where everyone connected with databases in any form or for any purpose wanted to use “blockchain technology” to make themselves rich. Everything from smart contracts, to home sales, to chocolate pudding was going to be using “blockchain technology” from now on. I’m pretty sure Bill Cosby even used blockchain technology to rape a couple of women.

So where does that leave bitcoin? All of the media attention revolving around “bitcoin’s blockchain technology” started creating feverish buying and hoarding around the world by fools that did not realize bitcoin is unnecessary to use blockchain technology. All the while, mining scams, exchange scams, hacks, long cons, scammers and even kidnappings became a plague on bitcoin. The thieving was so good and easy that people began making their coins to recreate the good old days of bitcoin crime. Titcoin, mooncoin, dogecoin, and hundreds more sprang up in cryptoland like someone dumped a pile of manure on a Casascius Coin and grew them.

Media attention and the ETF blunders of the Winklevoss sent the money grubbing brains on Wall Street spinning with dancing sugar plums and dollar signs. This is leading us to Bakkt. Bakkt will be the final nail in the coffin of “bitcoin-the people’s decentralized money” and began the “bitcoin-the centralized pride of Wall Street”. This progression really began when unregistered money laundering exchanges were attacked worldwide. The days of TradeHill, Bitinstant, MtGox and BTCe are long behind us now. Enter the days of AML/KYC, two forms of government ID and big brother. Bitcoin is no longer the “people’s money” it fully belongs to corporations and government regulation. I shed a tear for what could have been.

Bakkt can begin to operate a Bitcoin futures market without direct approval from the CFTC by filing a license application prior to its launch on December 12. The kicker is whether or not the filing is accepted and approved. The Bakkt exchange satisfies both requirements from the SEC if Bakkt continues to establish its focus on finding a trusted price formation. The Winklevoss Bitcoin ETF filed with the Bats BZX Exchange failed twice because strictly regulated exchanges like Gemini operating in the US market with a proper license are still not resistant to manipulation so there is still a risk involved in basing the base value of a bitcoin ETF on the price listed on exchanges. A centralized entity controling access to cryptocurrencies is not a good thing because they can ban or block users at will. This is the first major step toward sacrificing decentralization for profit. Here’s a good idea, let’s centralize and institutionalize bitcoin. I hate both companies (Microsoft and Starbucks) so I hope they invest a ton of cash only to crash and burn. LOL

Walmart needs more customers like the ocean needs more water.

I know it took a long time to make this post (especially considering English is a second language for you). I appreciate all your time and effort. BTW: Walmart is already in the money transfer business. I doubt they would see any benefit from their own token.

“Isoroku Yamamoto believed that Japan could not win a protracted war with the US. Moreover, he seems later to have believed that the Pearl Harbor attack had been a blunder—even though he was the person who came up with the idea of a surprise attack on Pearl Harbor. It is recorded that "Yamamoto alone" (while all his staff members were celebrating) spent the day after Pearl Harbor "sunk in apparent depression".”



Sorry, my minor in college was history. I was being funny but your analysis is so completely wrong I had to respond.

Why are all you people necro bumping these old threads with dead accounts in them? Do you actually expect someone like the OP to respond to you when they’ve been gone for a long time?

Open source means no one can take it over without someone seeing it.

You do know you already live in a cashless society, right?  Diversification is always a good idea.

Preppers are loonatics that watch too many zombie movies. Precious metals would have no value in a society free world. You want to prep? Store antibiotics, bandages and bullets.

Good luck with the whole certainty thing. Nothing is certain or guaranteed in life except death.

You do know that bitcoin is open source, right? Not just the wallet software but also the protocol that controls the network.

There’s always a good bitcoin Black Friday because hodlers realize in December they have been buying bitcoin all year and don’t have any cash to buy gifts for anyone. 

Time to pry that bitcoin out of your ass whether you want to or not. LOL

So what, American intelligence agencies created cryptography itself. Does that mean we shouldn’t use it at all? The American war machine created GPS technology. Does that mean I should stop using the maps app on my phone to look up addresses and guide me to them?

Sweetheart, I got some really bad news for you. Military establishments and governments have created most of the really cool useful shit throughout known history. Without the U.S. government there would be no internet for me to tell you this. LOL

Japan, a country slightly smaller than the state of California, decided it was a good idea to attack the United States (a country with nearly limitless natural resources to create a war machine). I’m thinking they don’t always make the best decisions. Maybe the radioactivity from the nuclear bombs the U.S. dropped on them is finally effecting their brains.

Bitcoin itself is a protocol that is virtually impervious to hacking because if harmed the items hackers want to steal become worthless.

Bitcoin wallets are just public domain application software. The source code is readily available. Exploits against bitcoin wallets are so easily preventable that no one should ever become a victim. The problem is created when lazy people want convenience and sacrifice security to get it.

The problem with altturds (cryptocurrencies other than bitcoin) is they are created by sharks whose self interest eliminates the ability to trust the coin. Roger Ver doesn’t adore BCH because he loves bitcoin. He wants to be king of the hill again. Does anyone believe J.P Morgan Chase, Microsoft and Intel invested in Ethereum for altruistic reasons? No, they want to be at the front of the line when it’s time to fleece the sheep. I hope they get hacked to death. Do you really feel safe using crime coins like Monero? If there was ever a coin waiting for government attack it’s Monero. Most altturds are just so stupid it’s hard to believe they really exist. Mooncoin? Seriously? One coin for each millimeter of distance from the earth to the moon? If you put real money in altturds Darwin is going to catch up with you eventually and ensure you stay on the bottom of the food chain.

Exactly what is making BTC so stable right now?

“Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? ..... ”

They fell back to bitcoin in a panic because bitcoin is propped up by investors that have a lot to lose if it fails.

Bitcoin doesn’t bring value to them. There’s safety in numbers, i.e., if I lose a little then you lose millions.

Bitcoin was on the way to becoming a popular tool for the payment industry thanks to Tony Gallippi and crew at BitPay. The problem is when major businesses started accepting bitcoin no one was using it for purchases because everyone feels they have to hodl. That result forced the major businesses to stop accepting bitcoin.