yes some have bought in low to average down.

but that just adds more ammo to suggest now they averaged down they will be "at profit" when they get the $1200 again. thus more inclined to cash out.

and as i said before. it does NOT require 8million coins to cause a crash, and thus a bank run to cause exchanges to run scared and scream 'hacked'. it requires alot less coins.

put it this way. imagine there are only 300,000 coins that are 'supposedly' in an exchanges reserves.
knowing exchanges are probably spending the reserves through the back door (fractional reserving) while the customers are playing with false mysql orderlines and balances.. it only requires less than 300,000 coins to go in the wrong direction to cause a bank run and the exchange wont have those coins available to allow for all withdrawals. because there isnt 300k coins to repay all customers

they would be required to hold their hands up and reveal they embezzled the funds. meaning criminal act and prison time..(bing honest hurts them so dont expect them to be honest)
or
fake a hack and walk away leaving customers in a cluster-f**k of legal actions with some high spending lawyers in bankrupcy court over a 2-5 year period. while the exchange owner sips cocktails on a beach.

i know what your trying to say. but right now.. india doesnt by default treat everything as illegal until they say yes..
bitcoin doesnt need indian government to say yes to make bitcoin legal.. bitcoin is already legal by default.

what should not happen is for india to get a grasp of bitcoin because to get control. they have to first rule it out and then they get to play around with exceptions, licences, allowances, and other things..

so logically its better to not rule it out in the first place to then play around with licences, but instead get india to strengthen the FIAT edges into and out of bitcoin. by requiring FIAT touching exchanges to require consumer protection insurance. and tax filings. rather then trying to go for bitcoin itself

in other words dont tax bitcoin.. just tax people when they withdraw fiat

exchanges need to change

firstly
exchanges should ask their customer to register an empty public key. (emphasis PUBLIC)
the customer keeps the private key a secret.

next to log in users are shown a message. and the user has to paste in the signed message, to prove who they are.
that way 'passwords' are not saved on databases or involved because the message and reply(signature) is unique at each login.

next
the public key is used with a public key belonging to the exchange to form a multisig.
the multisig becomes the deposit address.

then when users want to make an order they sign a multisig transaction to give the exchange X of total balance. to place that X onto an order.
this way funds are made more so as a 50% user-50% exchange control of funds. and outside and inside hackers cannot take 100% control

lol dig deeper. try serving a court order or slapping him with a wet fish and you notice all of his public addresses lead to PO/drop boxes

my rule is never to trade with someone that you cant find where they really reside to slap them with a wet fish should they do you wrong

what you have to realise is that although there are 16mill coins in circulation.. the bitcoin price is not managed/caused by 16million coins. it moves based on ALOT less coins. not all 16 mill coins are held in exchanges. only a fraction of circulation are in exchanges

it only takes a few thousand/few hundred thousand coins to shift the price because the resistance walls are lacking.
take MTGox. at most they had was 1mill coins out of 12mill coins at the time.. yet mtgox caused a price crisis of $1200->$250

now there are less than 1mill coins per exchange so there is less resistance, thus it does not take as much to cause price movement.

so im not going to say it needs 8million coins to change hands to cause a dump because that if factually untrue. it only needs a couple hundred thousand coins at most to cause a dump.

just think about that

poloniex and bitmex seem to be the 2 top volumes that would suffer most.
though its more diverse. doesnt mean that their isnt obvious targets for 'inside jobs' crying hack

when you start looking at poloniex and find they dont really show real CEO office addresses and only show PO/drop box addresses. meaning you cant exactly serve them papers.. you can see they are able to run fast after a hack

there is if you see the price jump from $700-$1000 in a month.. you get the fear that its another pump and dump and dont want to have had a chance to break even should it reach $1200 and be left at a loss should it drop below $1000 again soon after

personally im still holding alot of coin from the days of the $6 btc so im in for the long, and hoping merchant adoption expands to never need to directly return to fiat.

but those that made a bad decision in 2013 hoping for a quick profit and then get out.. but left stuck at a loss, would have now come to the conclusion of just hoping for a break even and never return.

anyone caring about the fiat price so much obviously is not thinking about staying in bitcoin.
anyone caring about the bitcoin for a 20+ year investment obviously is not caring about the daily-monthly price drama..

so those looking daily-monthly at fiat, or only talking about fiat rather than bitcoins utility.. obviously want to get out asap

i have a feeling as soon as we get to $1200 we will see those that bought in late at the '2013 all time high' will want to exit out of fear of being burnt twice and having to wait another 3 years to exit. so they will jump out as soon as they can break even.

which will trigger a bank run and reveal the secret spending of exchanges who then cant pay out the coins that they were suppose to hold for their customers but didnt.

the government OWN their fiat. so they can ban THEIR OWN old currency.
but by governments getting involved in bitcoin they then become controllers of it.

best thing to do is leave bitcoin as it is and just make laws around their fiat.

no no no

the best thing is for the government to do nothing and not get involved in bitcoin.
just leave it free and open for people to do what they like.

EG indian government dont care about people growing garden plants in their own garden.. but as soon as you grow rice. suddenly you have the government breathing down your neck.

this is not because garden plants are legalised and regulated and rice is illegal.. its that rice is regulated and garden plants have NOT been classified, touched, cared about, or regulated so free to do anything with.

thus by doing nothing to classify bitcoin means people are free to do as they please.
yes india should regulate businesses that want to profit from FIAT trading. and tax people when they convert to fiat.. but going for bitcoin directly is silly and foolish

part of loosening the grip of the dollar is by china being part of BRIC's* where several countries join together to have their own pricing arrangement away from the dollar
*
Brazil
Russia
India
China

ofcourse the IMF are still top of the financial pyramid but it has become widely known that the IMF is moving away from the dollar as the dollar is losing power.

as for blockchain based info.. this will be part of hyperledger. and not related to using bitcoin

as for america's reaction..
well forget syria, forget russia.. trump is obviously got his sights set on china.. just look at his pre election speaches and obsession about the word china.
look at the american 'patriots' on this forum who are obvious trump supports shouting and crying about china's dominance of bitcoin.
its obvious the propaganda machine of fox news will start pushing for support to go to war with china for any little reason they can find

---

in the early 2000's america got saudi arabia onboard. they are now getting russia onboard (yea forget the fox news spit for spat against russia), america loves russia and gives them billions to help nasa..

whats gonna happen next is after the saudi landgrab of UAE, syria, lybia is over.. america along with their new allies and this will include australia. uk france saudi, etc will start in the mongolia region of china and then move east while also attacking from the oceans on the east heading west to flank on both fronts.

bitcoin fee's need to drop first then india would be more interested.
so far its only western countries that love bitcoin because they see the fee's as less than a minute of minimum wage labour or 1% of a loaf of bread.
yet developing countries see the tx fee's as valued at alot more than just a few minutes labour and alot more than a slice of bread

there i even made it red..
strange thing is that other clients are not just going to reject core positive blocks purely because they are core positive.
other clients are just not going to want segwit by not flagging desire.

even funnier is that this intentional orphaning and blacklisting opposition is the controversial chain splitting thing they cried doomsday.
gmaxwell actually wants to intentionally split the pools just to activate a soft fork.
thats pure desperation to the Nth degree.
not only is it an intentional split. but its also mining collusion by getting them to ignore other competing pools.

if your still defending maxwell even with this announcement by him.. then you have definitely been led down the rabbit hole

if you cant see the difference between voting no vs trying to write off an opposition from the ballot sheet. then your not seeing the corruption.
also core are trying to activate segwit without using node consensus. they bypassed it by going soft. all they need is to bribe a few pool owners with a few free weekend all inclusive vacations/parties/social events.
so please dont try assuming cores methodology is consensus or the peoples choice

lol..
yet you "trust" gmaxwell and sipa.. and think core deserve to dominate, thus giving core the power to do what they like.
we are no longer in the days of true diversity. even gmaxwell knows this. and this is why he calls anything not core an altcoin because he wants his codebase to be "the bitcoin". and be at the CORE of what bitcoin becomes. hence why they chose the name in 2013. they want to be the engine that drives bitcoin. maxwell has been very public about that

---

imagine it this way. lets use the american presidential elections as an analogy
other implementations want a public vote by citizens (full nodes) not for a president. but for a set of laws and human rights.. that each state senator and citizen should obide by

core want only senators(mining pools) to vote and will shred the ballot papers of senators that vote for hillary to ensure that trump gets a 95% victory, before the citizens even get to see the reality of what trump wants to push next

nah. i said all inclusive, im sure adam back and his playboy matt corallo will be there to supply those.. oops did i just out them
and yes i have noticed that at a few events even when only one is set to make a speech, the other is nearby with a weird eerie shadowing for emotional support body language, kinda not subtle.

im 50% thinking its the booze hookers and blowjob weekend you are choosing..
and 50% fear that core will blacklist your blocks out of spite if you opposed core. not due to any bad data, but just not going with them you'll lose income.

free weekend all inclusive at blockstream sponsored next roundtable?

im laughing
firstly
gmaxwell is still pushing the anything not core is an altcoin. yet he doesnt realise if they were an altcoin they would already be on a separate network. so the altcoin wont be part of bitcoins network or concensus

but here is the kicker.. gmaxwells mindset is this twisted because he has an agenda..
he wants to intentionally ignore those opposing.. thus forcing an activation by denying other non-favoring blocks

what a sore loser.
first not releasing a version of core to let users even choose dynamic blocks. thus making a self fulfilling prophecy that his flock of sheep hate dynamic blocks.. not due to giving them the option.. but denying them an option and thus using no choice to fulfil his rhetoric for his flock of sheep
seems he is too afraid to release code that includes dynamic blocks because he fears people will download and use it, ruining his rhetoric

next telling non-core code to stop running on bitcoin main net and telling them to F**K off.. ofcourse thats not gonna happen, but yet maxwell is again scared that the consensus mechanism can ruin his rhetoric if his sheep decided they had enough of cores antics.

lastly he wants to intentionally and biasedly ignore opposition.. not because block data is invalid, but because he wants to twist the numbers to his favour to force his favoured code into activation. thus not using true consensus.

what a loser maxwell has become. im starting to think he has lost all care and understanding of bitcoin ethos and is willing to do anything to meet some corporate target to release the next tranche of investment

seriously he has lost grip of bitcoins ethos and has become a fiat money man. only thinking of the commercial services to make returns for his investors.

such a corrupt loser maxwell has become

its been a couple years since i used blockchain.info as a wallet but i remember that used to bleep
anyone can confirm if it still does?

though i only watched 2 minutes of it because by that point i counted 6 facepalms of mistakes she made. i also started thinking. she is obviously of russian ancestry, while trying to sound american but trying to use subtle canadian terms. im thinking she is trying too hard to think of the right basic words to say rather than actually getting the right message/point across

as for the facepalm
1) she talks of economics but seems to not understand the basics

2) there is not a grand total of $12-$13billion invested.. there is a grand total of a few million that has pushed the price of a few thousand coins on an exchange. which then has made a vapour VALUATION cap of $12-$13billion.. but that does not mean every coin in existence was paid for at that calculation.

3) currency is anything. money is a subset of currency that is more of a recognised and utilised medium of exchange. so she would have been better off saying how bitcoin is not as common as money. rather than saying bitcoin is not currency

4) there is not $12-$13billion 'making a bet' either.

5) paypal is not a currency.. its a service.. should we start calling bitstamp a currency, using her logic.. um no

i may listen to the rest. but im wondering if it was her looks that got her a speaking spot. because it doesnt seem she knows much of economics

edit i watched a bit more.. and now laughing at the fake advertising of dash..
um.. dash is not used by 300,000+ merchants.. bitcoin is.. so dash is not 'the only' crypto she see's where people are holding for its utility.
dash's utility is way way way down compared to bitcoin.

ok i watched it all..

middle of video she is right that the devs have been drawn to the darkside of corporate sponsorship that want to take bitcoin into commercial services such as LN to rake in fee's to repay their investors.

end note
dash is like bitcoin 2011.. no localbitcoin.. only 60 merchants... but coming soon
dash will have a local bitcoin and a blockchain.info competitor..

overall.. boring

if i was you i would look at who wrote the story and utilise that person.

start a local meetup for bitcoiners in your area. maybe as just a social discussion at a cheap cafe/bar/pub to start with. and get the writer to make a story about it.
while socialising, let the group that turn up due to the story start brainstorming how to involve your local community more in bitcoin.
get them to make a short list of regular stores they visit alot and make that the hotlist of stores to prioritise adopting bitcoin so you can all use bitcoin locally regularly.

also use the meetup to do face to face trading. or business networking(startups/partnerships/concepts/idea's).
use the momentum to keep growing bitcoin in your area. learn as much as you can about bitcoin and then teach it to others.

dont just treat the article in the OP as a 2 minute of fame for your town and forget about it. use the article writer as a stepping stone to help you do something productive as its obvious the article writer has an interest in bitcoin, so utilise that interest

look for the most popular (largest volume) exchange. and then look for the point of no return.. when everyone wants to cashout/withdraw.
then you will find who and when an exchange will make the warcry of "we been hacked"