My problem with the 3DMACD signal is that if you switch to 1WMACD, then you still see a lot of negative momentum. It is why I don't trust charts much, the signals seem to change arbitrarily depending on the scale at which you look at them.

That being said, I think it does show a good chance that the big picture may be changing direction soon. We may start seeing some sustainable growth in the value of BTC.

The easiest historical fact to disprove in the bible is the world wide flood. There are ice core samples from the south pole that go back almost 120,000 years. They form layers just like tree rings. Studies of ice core samples reveal a lot of information about weather each year and these show that there was no world wide flood anywhere near that time.

For me, the closest thing to God is the mathematical nature of the universe. Sometimes when I learn a new theorem or procedure, I can see such beauty in it that I wonder if this is what people mean when they say they saw the face of God.

Chaos theory says that the length of fractal (like a coastline) depends on the length of your ruler.

It seems to me that they have 3 main options:

1) Demonize Bitcoin. It is unstable, used mainly for drugs and child porn, not safe for average person, ect. I think this is the main strategy right now.

2) Start their own government & bank sanctioned blockchain. I don't want to guess how it will work, but they could easily throw a trillion dollars into it. It appears that Ecuador and Philippines are already planning this, although their chances of success are absolutely nil.

3) Jump in with their own money. This would actually be the smartest move. The sooner they do it, the faster they can lock down their own cache of bitcoins.

I wish to thank all the people who have taught me that TOR and online wallets don't mix.

As for 2FA, I did that on my own.

Why give them away? Send me your BTC, I will sell them and send 90% of what I get for them to your paypal account.

I think they are trying to break Bitcoin. It won't suceed, but it is doing damage as can be seen with OP's case.

Israeli - Arab Conflict

The core issue is that Arab will not agree to Israel's right to exist. Until this changes, the fighting will continue. I have no doubt that Israel commits war crimes (just like the Arabs do with suicide bombs and missiles against civilians), but I feel that the conflict has gone on for so long now, that both sides just don't care anymore about preventing civilian casualties.

Since this is mainly a religious war, lets just let them fight it out to the bitter end. May the people with the greater god win.

Unfortunately..yes, but probably only momentarily. Regardless..I will hold to the bitter end 

Warren Buffet on a forum? Didn't he brag recently that he doesn't own or know how to use a computer?

The rise of christianity threatened to wipe out all advances in mathematics, reason and philosophy. The final blow was the murder of Hypatia by a christian mob in Alexandria.

At this point, the Pythagoreans & Neoplatonists went underground. They pretended to be christians while secretly passing on mathematics.

At some point the Pythagoreans & Neoplatonists began referring to themselves as the Illuminati and began using secret symbols to communicate amongst themselves.

Later they hid within the ranks of the Freemasons.

After the renaissance, mathematics was able to return from hiding without as much persecution by christians. There was still some problems as witnessed by the trial of Galileo by christians, but soon an agreement was reached. Science and mathematics would be separated from religion. Science would be confined to the observable and testable realm. Math would only be a tool that just "happened" to coincide with physical phenomena. Religion would still rule the realm of the untestable.

After this, the Illuminati split up into several groups. Some groups kept the name, other groups changed their name. Most eventually died out as the need for secrecy was greatly reduced.

Due to their deep understanding of math and philosophy, some became bankers and accumulated great wealth and power.

Bitcoin will change that. In a way, we are the new Illuminati. We will illuminate the world.

This power of the court is often abused. I had a bank account with about $800 wrongfully garnished once. About 2 weeks later, after a hearing, the judge returned the money. However, in this time, the overdrafts and fines by merchants actually exceeded that original $800. Basically, the collateral damage exceeded the original damage.


Not if it has been properly secured.


The most secure online wallets do not hold your public key. They hold a data file that can be decrypted with your password. They do not have a copy of this password as that would make your private key susceptible to any hacker. They might be able to freeze your online account, but if you have a backup, you could just import your private key to another wallet. I actually did this when blockchain.info was not working for a couple days and needed access to some btc. I just downloaded electrum and imported one of my private keys.


If the wallet is not properly secured, then yes. It appears that Ross Ulbricht did not secure his bitcoin wallet sufficiently. The FBI were able to confiscate his bitcoins when they arrested him and got his laptop. Then again, they may only have confiscated the bitcoins associated with silk road. He might have a separate stash elsewhere that hasn't been touched.



No, the private key is used to encrypt the transaction. The transaction is then sent over the network. It must match the public key located on the blockchain. The private key is not normally sent over the internet, although online wallets often have weaknesses associated with this.


They can't if it is properly secured.

In a world full of corrupt power hungry governments, Bitcoin returns power over money back to the people.

Nobody owns any bitcoins. The fact that they even ask the question shows a mis-understanding of the nature of decentralized cryptocurrency. If makes as much sense as asking if you own the number seven. Numbers are transcendent, nobody can own them.

In my case, I don't even own a cryptographic key to any bitcoins. I will admit that I do know a phrase that if you perform a HASH-256 on it, then convert to base-58, then add a checksum, then you could sweep an address and get some bitcoins.

But do I own any bitcoins? The answer is definitely "no".

Incredibly long article, but it was interesting in a twisted kind of way. Here are some random thoughts on it.

This punk rock girl is just flat crazy. She has totally internalized a bunch of US ghetto trash rap. With her vocabulary and attitudes, are you really sure that she is native filipina?

You are absolutely right on with this comment: White Privilege In The Philippines Means Getting Charged More For Everything. This decreases as you learn the language. If you are new and don't know any tagalog, expect to pay almost double for everything. If you can argue prices in tagalog (since they suddenly lose all ability to speak english), you can get that "white privilege tax" down to almost nothing.

I even had a cashier try to overcharge me in grocery store with fixed prices. I had picked up a string of 8 powdered milk for about 20 pesos each (not sure price anymore), which would be 160 pesos. She tried to charge me 160 pesos for each milk making the price 1280 pesos. I argued with her, then the manager. They each insisted that I was wrong on the price. Finally I walked to the counter, picked up a large powdered milk package for about a 100 pesos, told them to cancel the strip and I would buy the package instead. Suddenly, the manager spoke english and said "oh, never mind, I sell you those others for 20 pesos each". I could say I wasted half an hour arguing, but I will just think of it as a free tagalog lesson instead.

The easiest way to avoid all of this for most people is just to make sure you have a filipina girl with you. Let her do the negotiating. I guess that is where white privilege has it's benefits.

I like the girls calling me "joe". They usually smile and I take it as a term of endearment.

The cure for racism is intermarriage. Resources are shared, an understanding of each others culture is learned.

I do believe a bitcoin will be worth over $100,000 but not till much later. I expect a pair of bubbles in/near 2016 to push the price up near $10k, then  things will slow down for a while till the last sustainable bubble  near 2020 gets us up near the $100k mark. There may be one more bubble after that, but it won't be sustainable and will drop back to the pre-bubble price.

That being said, I don't give my own opinion much value. A major event could really change things. For instance, if several oil sheiks decided to start keeping a large portion of their wealth on the blockchain. As part of that, they would probably set up a mining operation to help stabilize their wealth. As part of their mining, they might decide to keep all the bitcoins as they would have plenty of fiat to continue operations without selling any of their mined bitcoins.

Try to imagine what would happen if they also demanded btc for oil.

My brother used to work in a technical in-bound call center. The following is what I have learned from him:

These type of technical support call centers often have various levels of technicians. The idea is to have a low level technician fix simple things, while moving more complex problems up a chain of expertise. However when things get busy, the upper level technicians will often take random calls too.

You also have people who love their job or just love being in the IT industry, even if they are just an in-bound technician. They end up making friends with the upper level technicians and often have a lot of insight into what is going on.

Then again the support guy may just have an active imagination.

6 Years hard labor. Sounds fair. Great learning experience for this kid.

Major lessons to be learned:

• Actions have consequences
• Communism sucks
• Prison sucks
• North Korea sucks
• Korean

This will help straighten out some of his flawed thinking. From his picture, I bet he is a virgin. Between being toughened up a bit and the free korean lessons, he will find it much easier to get laid after he gets out.

I just don't get him asking for help from the USA after asking for asylum. Sounds a bit hypocritical to me. But I will give him the benefit of the doubt on that one. He may have been tortured and asked under duress.

I was stopped once and the police asked for permission to search my vehicle. I said "no". So more cops showed up. They pestered me and I said "no". Eventually there were about 10 cops and the last one came up, told the rest to search my vehicle. One cop told him that I refused to give permission. This last cop, who seemed to be in charge, laughed & said "We are cops. Search his vehicle, if we find anything, just claim he gave up permission."

BTW, I had nothing illegal in my vehicle.

My uncle is a retired cop and he use to brag about lying in court. And he wonders why I hate cops.

This may have worked 30 years ago, but no more. Refusing to answer questions is not only considered suspicious, but "failure to worship the ground that a cop walks on". They will search your vehicle without permission. If they find anything, they will just claim you gave them permission.

Most people just say "yes" to anything a cop wants. They have no idea how petty and vengeful many cops can get if you don't appease them.

80% chance that the next bubble won't appear till we are approaching 2016. We are seriously overbought as you can  see from the following chart. About a 50/50 chance that we could even drop below $400 for a few weeks or more. Best scenario for the near future is that we retrace the last few months.

Regardless, I will still continue to HODL. You never know, a couple big whales could show up and push the price back up to near a $1000. The odds of that happening before the end of the year though is less than 10%.

The year 2014 will be known as the year of Bitcoin Fundamentals Growth. Think of this as a good thing. More opportunities for the little guys to get in before Bitcoin does it's final explosion in value. Nobody in the first world will have an excuse for not being rich by the year 2020. I have spread the word to everyone I know. Any of them could scrape up enough money to buy at least one bitcoin. They just chose not to do so. When that time comes and they complain about being poor, I will be able to honestly say that they chosed poverty.