Never pay for porn. Instead, note down the name of the video, and do a quick torrent search in 1337x.org or Piratebay. 99% of the time the torrents are available. If that is not the case, then there are other options.
Maybe someone is advising the banks, and this is part of why they don't want the customers? Or it could be that there are some religious sovereign funds that are large owners and are pushing policy from above. Didn't Saud buy another 10% of Citibank and some others when they were in jeopardy? |
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This guys the best I have bought about 40 ounces of silver specie now!
I first met him in Vegas and found out he's in Agoura Hills CA. I soon followed up with him at a Los Angeles Bitcoin meetup.
Last time I saw him was in Austin Texas.
I have resold about 23 ounces and gave away one as a gift. Time to stock back up on silver when BTC price goes up.
It was a good hedge of money to buy the silver when BTC was high. I got more silver for my BTC and later exchanged it back to more BTC by selling it when Bitcoin had lowered its price.
Precious metals are a great way to hedge!!
Beautiful. Keepsakes. Tradeable. Pure.
Many thanks sebdude420! We have yet to meet though. You probably met Joseph from New Liberty. He is the creator of the Bitcoin Silver Specie. Its a marvelous round and the most significant marriage of precious metals and bitcoin to date. Yes. Watch out for his lovely lady friend though, she drives a hard bargain!  Now we just need Rand Paul to become savvy to Agora Commodities and the Bitcoin Specie: http://www.cryptocoinsnews.com/news/backing-bitcoin-gold-stocks-misses-point-blockchain/2014/05/02He's getting a lot of flack for suggesting that bitcoin be backed with PM or Stocks because he missed the point of DECENTRALIZED backing the currency through voluntary p2p exchange. We are, each of us, the DEcentral bank for bitcoin, and we back it with whatever we choose to. I and many others choose gold and silver. If only he knew... he would have saved a lot of conflict with folks that otherwise might be his supporters... |
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Or maybe they looked over at me in the locker room and assumed I am a porn star?
Well... to make things 100% sure, could you please do a quick Google search and find whether any of your sex videos are out there in the net?  Can't trust anyone these days. Not enough to make me a "star", and certainly haven't made a deposit in a bank related to anything like that. |
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This guy is really loading up on coins without moving the price... makes me very optimistic.
Optimistic that we won't run out of sellers? The net purchase of the last 3-4 days has not overcome the divestment of a week ago. So if the buyer is the dumper from last week, he has managed to buy the dumped coins back more cheaply. Basic accumulation/distribution metrics at play, c.f. William O'Neil. |
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They can open bank account in Russia  Not really, no. |
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Instead, it’s a targeted effort to shut down as many as 30 separate industries by making it impossible for them to access banking services.
In a Wall Street Journal op-ed Thursday, American Bankers Association CEO Frank Keating wrote that the Justice Department is “telling bankers to behave like policemen and judges.” OK.... so the porn industry is just one of the 30 different sectors. I wonder which are the remaining industries. Precious Metals? I've been contacted by two banks in the last few months and informed of their decision to close my company account with them. The bank doesn't say why they are closing the account. They say they don't have to tell me why, and that if I closed the account I wouldn't have to tell them why either. Or maybe they looked over at me in the locker room and assumed I am a porn star? |
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Most importantly, Summers understands gold. He made a major contribution to Gibson's Paradox as it applies to free markets: "Gold prices should move inversely to real interest rates." Not on Summers watch. He has been accused by gold bugs of engineering gov't interference in the gold markets by pushing the price down despite the ongoing drop in interest rates also engineered by gov't so as not to alarm the population. they have been marginally successful in doing so. along comes Bitcoin. a new problem that they potentially can't control and Summers sees it.http://www.coindesk.com/former-obama-advisor-larry-summers-critics-dont-write-bitcoin/Yes, you made good reference to it, and I loved the Summers bit. Which I'd not seen earlier. Keynes usually gets the credit for use of Gibsons, but there aren't a lot of Keynes fans in this crowd. I'd be foolish to ignore what you write, and didn't mean to be negligent in crediting your previous similar analysis. I'm just throwing a few more sticks on the bonfire you are tending. |
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Bitcoin has lost value 65% for only 4 months  Bitcoin has gained value 500% for only 12 months |
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bitcoins arent in any country
They are also in every country that has internet. Bitcoins are in the block chain. So are they crossing borders? Are the words typed on this screen crossing borders? It probably matters a bit more whether the person is free to travel than whether the bitcoins are free to travel. |
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Not if I was on that jury.
"undue" is subjective. How were you going to buy bitcoins if they weren't for sale? If I'm a firefighter (and I am), I can't get credit for putting out a fire when I put oily rags next to a heater. Placing the ad is encouraging and enabling the "crime". If I as a private citizen did it, could be prosecuted for soliciting, then when a policemen does the same thing, he is entrapping. Fucking cops need to understand their job is crime prevention primarily and secondarily to assist in the solving and prosecution of crimes. Turning people into criminals so they can have someone to arrest is itself a criminal act.
So let's say I go onto a website to buy cocaine. I see an ad for cocaine, and contact the seller to buy it. How was I in any way pressured or entrapped to buy cocaine? I clearly was seeking out a way to buy cocaine, and almost certainly would have broken the law regardless of whether that person was an undercover cop. Now replace "cocaine" with "bitcoins" and it is the exact same situation. You absolutely did not go to localbitcoins with the express intent to not buy bitcoins, just like you didn't go onto that drug website to not buy cocaine. There are some gray areas regarding entrapment. This is absolutely not one of them. Even if the ad was sent to me directly regarding the sale, as long as they didn't keep hounding me after I said no, it would not be entrapment. I think this goes back to what Billy said earlier: it's not a cops job to be going around putting up ads for cocaine. It's their job to prevent crime, not incite/entice crime. That is a valid opinion, but not the way the law currently sees it. Indeed. Forfeiture laws create the incentive for LEO to entice folks to commit crimes so that they can seize their property. The LEO department gets to keep a significant percentage of the proceeds. Some of this goes to expense accounts which directly affect the quality of life of the LEOs. Our laws have created law enforcement that is in the business of creating crime. ... oh yea... look at those walls... |
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Buying in the $18s for Ag has been safe for the last few years. So has anything changed? Interest rates look like they will be rising over the next few years. This makes interest bearing instruments look more attractive as PM bears no interest. However...  Recent history shows that this benefit is illusory. Even so, we can expect some percentage of people to ignore the data and trade away their PM for interest bearing investments. This presents some opportunities for the others. |
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Science is all about questioning the "experts". Once that stops, it is no longer science.
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I hope I can heal up enough to go to more events. I would love to meet him.
That is great you got to. I got the impression he is very well spoken and educated as well. Super smart and very introspective.
I wish you all the best in the world and I hope you meet him one day! I was able to go to that convention because I could come to an arrangement with the organizer of the convention (a very nice guy as well). Else it would have been to expensive for a student like me. I really liked the way Joseph looks at things and how he interpreters the world. I enjoyed talking to him and I think I learned a lot because of it. Joseph, I hope we meet again one day, somewhere  I expect to be in Amsterdam for the Bitcoin Foundation gathering. Though not a member myself, I have a strong appreciation for a great many TBF members. If you are around, we should make some time for at least sharing a meal. |
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Surely if we continue dropping we will hit a point where all the bulls will start mass buying and hopefully drive the price back up.
Some people think that this is exactly what happens daily, minute by minute every day... |
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Not really the exchange as we are familiar with. I expected more than that. This is not the exchange they're talking about, this is just how they get their coins for the BIT, its been up for a while now. Incidentally, they're very fast and professional. Great way of selling a large amount, a wire from a large registered broker looks better than "Bitstamp Slovenie" You are showing the transfer to people with whom you spend the lower amount BIT pay than Bitstamp because some vendor will give you discounts? Or is this because the lower payout rate of BIT means you have to find some way to justify to someone that you sold under the market rate so you explain how good the wire transfer "looks"? |
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Still waiting for 3070 on Huobi
BTC-e already in $4xx, looks like other will follow - sooner or later. And you know this is true, because the previous two times that prices went below 400 this year it was at 700 within the week and that sort of thing just never happens 3 times in a row. |
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double bottom on huobi, new low on bitstamp.
China likes bitcoin more than most places, fiat on an exchange there is going to be worth more than fiat off an exchange when it gets hard to deposit.
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Im more optimistic but Im waiting until the exchanges actually lose their bank accounts and the 15th-18th passes nothings really changed in the last few days other than breaking the previous lows. This could easily be retested on any China FUD
China is accumulating, while bitstamp is still selling. The China news is already baked in to the price so unless they start executing people for having bitcoins, the only FUD you are going to see is rehashing old news. |
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How do you distinguish between distribution and accumulation?
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:accumulation_distribIt is a volume weighted metric. Volume manipulation is much more expensive to accomplish than price manipulation (except on exchanges where the transactions are free). It tends to be a much more reliable indication of trend reversals than price, when the preponderance of trade volume is on up time rather than down time. When we go down on big volume and up on small volume, its just whales setting the price up for the next dump. When we go up on volume, whales aren't going to dump but are going to wait for the run to go as far as it can before we sell. This indicated the November climb in October, and the 2013 spring rally almost 2 months ahead. These early warnings are things we need in the US especially because we have no real exchange and it takes so long to move fiat money around unless you are rippling it. |
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 I don't know, this chart is not really screaming reversal. A major support was just broken on LOW volume on bitstamp and everything is still being driven out of china. The only thing fueling this is misinformation and hype over a statement that a banker made and people think it means the bank closures will stop but they are wrong. Yes, not screaming reversal, the volume was pretty thin, good observation. A drop-bounce on such thin volume is sort of weird, as if trying to prove the "bitcoin is too volatile" mantra. For volume, the Dec dip was BTC-e/gox, the Feb was Huobi/BTC-china, and this was mostly on bitstamp. There is distribution on bitstamp and accumulation on China exchanges, so this Chinese ban stuff seems to affect sentiment outside China more than inside. When accumulation does start, it tends to snowball, so accumulation/distribution has been a pretty reliable spike forecaster. |
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