Why not indeed, this is precisely how people justify the claim that any XBT price is a good price.
This has always been true year over year. Buy as much as you can use commercially, and a little more when you can. Also generally true for gold, just not to the same degree. Its just a different group of manipulators. Pick whether you like your store of value pump/dumped by bullion banks or technocratics. |
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There might be a more misguided segregation request in this forum somewhere, but I haven't seen it.
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Fuck me, i blame it on those 350ug acid tabs, but i´m feelin bullish for BTC again. I hope i won´t get burned for all that love about BTC(price).  Just bought 30 new coins. If we go below 490$ i will never post again, promised. better get your last posts in quick bud : -) riiiight, because the price of BTC in USD depends on the amount of micrograms of LSD that fonzie takes? |
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so i've been offline the last week while moving. wtf caused the dip into the 500's? anything specific or just general movement?
China fake news precipitated this last drop. Same thing happened in June 2013 at the bottom of the trend. Hacked news post caused the final drop to the bottom of the market for the inter-spike interval. Hackers want your coins. Sell them to the hackers along with the sheeple, or call it capitulation if you like. Its all the same to me, I'll buy them along with the hackers and thank you for them. As you know, most of the dips and bear trends are stimulated by hacking activity, DDoS, and cracked exchanges. |
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It's something to be aware of, the thread OP was updated & yes it can still happen, it's not meant to, it will likely take hours to sort out, the person reversing the deposit is effectively stealing the money from the bank & not you, but you may get tared with the same brush though as the bank may suspect you of doing something that attracts dodgy scammers, ie selling irreversible crypto for cash deposits which they may argue is not something they like you to do with a personal account or even a business one for that matter so they may just shut down your accounts anyway. Solution, to wait one day = np.
Sure in theory it can happen, but the bitcoin-broker system and procedure prevents this from any ill effect and protects all parties. Copies of the receipt and information of the teller including their phone number accepting the deposit are recorded. If a bank violates its procedure, and a harm is suffered from a bank processing the fraudulent reversal, the bank is strictly liable. So not only would any issue like this be swiftly resolved, it could turn into the proverbial "bank error in your favor" due to the banks liability in the matter. Banks are insured for this sort of thing, but the tiny amounts transacted through this service wouldn't reach the deductible. The fraudulent depositor who did so under camera has the biggest risk here, probably not worth it for a scammer. tl;dr - I hope it happens to me. |
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This feels like capitulation.
You can sense the despair on r/Bitcoin. the permabulls are starting to question themselves lol everywhere, on r/bitcoin r/bitcoinmarkets and on the speculation forum here Everybody's confused by what's happening, I certainly am. Don't you think this whole situation is stupid? Someone posts fake news on some Chinese blog, Chinese idiots panic, the rest of the exchanges follows, the news are confirmed to be fake, scared sheep keep selling... Hackers sold at a higher price, and they now want the coins back. Will you give your bitcoins to them? This is not the first time, CNN had a news hack too. Remember this, July 1 2013? http://news.softpedia.com/news/CNN-s-Political-Ticker-Blog-Hacked-Fake-Bitcoin-Operator-Story-Published-364494.shtmlFake article was published Near the end of June, the low for the that whole inter-spike period was July 7. Since it worked so well last time, why not again. Buying between the fake article and when the rise starts again is about as good a deal as anyone can get. |
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"es tanto el cinismo del banco central y el gobierno de ese país al decir que ellos son los que deben mantener el monopolio en la nación Latina."
Ellos no tienen el monopolio de la nada
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Why Proof-of-stake is bad: http://mises.org/daily/1121The collapse did not occur until after almost three centuries of relatively peaceful living had gone by. Roderick T. Long states, "We should be cautious in labeling as a failure a political experiment that flourished longer than the United States has even existed."
When one truly looks at Iceland's history objectively, one can see what the real causes of Iceland's collapse was. The lack of competition and the monopolistic qualities that eventually came about when five families cornered the chieftaincy market was one reason. These five families bought the majority of chieftaincies. They controlled the court and legal system to a significant extent. This meant that there were not as many chieftains to choose from. This led to less competition, creating opportunities for increased exploitation over the free farmers, eventually leading to a revolt against the 5 families. I like that you are looking at this issue. Most any system is broken in isolation. Can it be useful anyhow? Can it be implemented with proper checks and balances? For example, like separate houses of Parliaments with equal power but different style? And then coded in, cryptographically secured, with a verifiable and predetermined protocol. |
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so music, very lyrics, such sound, much terrible. Much terrible indeed, we taped the first rehearsal now, still not up to speed yet though. When your chorus is up to doing hymns too, please join the fun. https://soundcloud.com/newliberty-dollar/bitcoin-ghost-minersEdit: I sped it up to give my friends a tempo for which they can strive. |
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There are many east coasts in English speaking areas that might make use of this, not just USA.
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it's okay to go over 51% as long as the pool has no bad intentions and uses it to double-spend. cex.io is making a ton of money. Why would they chew their own foot off? Think about it.
If the "unknown" was that high then I would share your concerns.
You are considering only the intent of cex.io (and I agree with that, great folks). But... Consider also the intent of those that might be able to exert coercion upon them. In our fast paced world of social media that would be known about almost instantly and miners would switch away. It is also pretty easy to exclude an abuser as Gavin once blogged about. People worry too much. Perhaps, and perhaps not. There are quite a few things about which social media is entirely unaware even after years of attempting to discover. Either way, you have missed the point. In order to reduce the pool owners security and safety requirements, it is in both our and their best interests not to approach a large percentage. |
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The upside potential implied is truly mind boggling.
This. And also most people are not very good at predicting their own future actions. |
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Just in case any btc sellers aren't yet aware, cash deposits in to many US banks can be reversed later the same day, even when a deposit slip has been stamped (or printed out) & online banking shows the funds deposited, so unless you know that you can trust the buyer best not to release coins until the day after cash has been deposited, perhaps even withdraw it from your account first if in any doubt. http://www.reddit.com/r/Bitcoin/comments/1zruvf/warning_cash_deposits_can_be_reversed_at_bank_of/Doesn't the link you posted show the opposite of what you claim here? The cash deposit can not be reversed without the permission of the account holder. If something else happens, it is bank error and the money given back to the account holder. That's the debate, though. There's a reasonable chance it would take a lawsuit to make the bank admit this, and most people can't afford a lawsuit against a bank, even if they're moderately wealthy and in the right. Nah, the bank has way more to lose from a lawsuit than a customer. A letter from a lawyer is plenty to get things set right. Filing a suit with such excellent just cause, would be a landslide win. If this ever happens to you, let me know. This would be a fun case, and the settlement would be sweet (no way they would let this go to trial). |
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UK only  but the guy has a load of other vids  Thanks. VPN bro. Its worth a watch. Seriosly, fuck this geofencing shit! Why do I need to bother with proxies and shit? I hope those media companies die in a fire. Fuck! Even if I lived there, I would not see any of their adverts, because that shit is blocked. Not cool, man. Its the BBC, so there arent any ad's, thats kinda the point - the brits pay tv tax for it, so why should anyone else get to watch it for free who hasnt paid? (thats the govt sentiment, not mine -before you shoot me down!) So the taxpayers get to pay more tax to afford the extra development so that they can stop everyone else from watching what's already been paid for... Genius! Is the UK government position that if it is made and advertised in the UK it is worthless elsewhere? Why wouldn't they export their media and let non UK folks pay (either with ads or whatever) they don't like exporting? Governments are so silly sometimes. |
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it's okay to go over 51% as long as the pool has no bad intentions and uses it to double-spend. cex.io is making a ton of money. Why would they chew their own foot off? Think about it.
If the "unknown" was that high then I would share your concerns.
You are considering only the intent of cex.io (and I agree with that, great folks). But... Consider also the intent of those that might be able to exert coercion upon them. It protects the pool owner to keep a smaller pool as they are less of a target. No one likes getting a ransom call. |
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Looking forward to the next one and trading bits for java.
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Just in case any btc sellers aren't yet aware, cash deposits in to many US banks can be reversed later the same day, even when a deposit slip has been stamped (or printed out) & online banking shows the funds deposited, so unless you know that you can trust the buyer best not to release coins until the day after cash has been deposited, perhaps even withdraw it from your account first if in any doubt. http://www.reddit.com/r/Bitcoin/comments/1zruvf/warning_cash_deposits_can_be_reversed_at_bank_of/Doesn't the link you posted show the opposite of what you claim here? The cash deposit can not be reversed without the permission of the account holder. If something else happens, it is bank error and the money given back to the account holder. |
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One of my favorite pictures of these. These keychains are also a form or esoteric currency of their own. I bummed a ride back to where I was staying from a friendly bitcoiner who went out of his way to be nice and wouldn't accept any payment (even though he saved me an hour wait and a $30 taxi ride). He DID accept the bkeychain though. So it is currency in ways that even bitcoin isn't. His delivering me with his car was proof of work, and having a car was proof of stake... OK, that last bit was silly, but I haven't had my coffee yet. |
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