I registered an amazing 3 letter .bit domain last month. I was really surprised it was available, someone must have slipped up and let it expire!
I'm going to be keeping it forever since they are cheap to renew and possibly using it for a zeronet site.
Cool that good names are still out there available ... which one was it if you don't mind me asking? xyz.bit has a nice ring to it I think. Nice  ... is it for sale? |
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Maybe some chit chat about transport layer security? Yeah, this whole CloudBleed debacle and how it exposes the fundamental flaws in PKI based on certificate authorities using insecure and centralised naming system (DNS) has bought the focus back onto namecoin and rightly so. This should have been worked on for 5 years already but the lazy Sec. industry brushed it under the carpet. Without secure, decentralised naming system and true PFS that does away with centralised CA the whole TLS system is security theatre. Exactly the type of security sham that the spooks, TLA's and other crooks love to exploit quietly and hush up any discussion about. |
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I registered an amazing 3 letter .bit domain last month. I was really surprised it was available, someone must have slipped up and let it expire!
I'm going to be keeping it forever since they are cheap to renew and possibly using it for a zeronet site.
Cool that good names are still out there available ... which one was it if you don't mind me asking? |
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Thats true. I hodl. I think that the Segwit vs BU is the last horde that bitcoin has to take before it moons.
^we just got to find a way to find a middle ground ~ piss EVERYONE off ! :-D lol yeah, if it was a political debate that would be the way forward ... except it isn't, it is about the best technology to function as money on the Internet. This latest ploy by the political animals is a contentious Miner Activated Hard Fork - MAHF which is probably the most dangerous way forward imaginable as it is essentially indistinguishable from a hostile miner 51% attack, even if the idiotic participants are completely genuine in their desire for a 'better' bitcoin, the way they are going about it is crazy ... and it has probably already been co-opted by those wishing to stir up more trouble and mischief, if not yet then it will be. The poor well-intentioned BU crowd have become the poster children for 'useful idiots', seriously. A less than palatable User Activated Soft Fork- UASF is less dangerous but even so not the ideal way forward to increasing bitcoin's native capacity, on or off chain. There is a slim hope for a white knight, 'third way' marvel of technology, solution to emerge from the mist but that window is closing. |
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I think a factor in the high price is that people who thought it would be safer to wait until an ETF was available to get in because of institutional protection, their lack of tech knowledge, whatever, have realised they don't get that luxury and have starting buying directly. This is a bit of a silk road v2 situation IMO, everyone thought the value was due to X and then X vanishes and it retains the value = collect jaw drop and then FOMO.
Yup. Hardware wallets are selling out fast. Why use an ETF when you can hodl your bitcoins at home on a Trezor? (If you can find one to buy). ^paper wallets a thing of the past? :\ Someone who was hoping to click his brokerage site button to buy bitcoin ETF is not going to bother with figuring out how to work paper wallets ... but some of them might take the plunge with an ezy pezy hardware wallet. The demand is still there, it is just very latent, lazy and waiting for convenience. But some of that latent ETF demand will make it to market ... say 5-10% conservatively of the expected, what was it?, $300 million in the first week they were spouting about. |
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I queried some data just now: <gribble> Bitstamp | There are currently 31481.413 bitcoins demanded at or over 100.0 USD, worth 23624826.7678 USD in total. | Data vintage: 0.0134 seconds
<gribble> Bitstamp | There are currently 4035.5572 bitcoins offered at or under 10000.0 USD, worth 6667421.9348 USD in total. | Data vintage: 35.3912 seconds
Feeling bullish yet? How hodlers are with their coins   |
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I think a factor in the high price is that people who thought it would be safer to wait until an ETF was available to get in because of institutional protection, their lack of tech knowledge, whatever, have realised they don't get that luxury and have starting buying directly. This is a bit of a silk road v2 situation IMO, everyone thought the value was due to X and then X vanishes and it retains the value = collect jaw drop and then FOMO.
Yup. Hardware wallets are selling out fast. Why use an ETF when you can hodl your bitcoins at home on a Trezor? (If you can find one to buy). |
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Gold parity is back in play ... but bitcoin is coming out on top for now.
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Fiat baghodlers piling up on the sidelines ... looks like ETF 'announcement' date and dip anticipation was actually holding the price back.
Now we got greedy shorts (probably SEC insiders) who piled on at $1350 manipulated high starting to sweat too ... should be fun watching that particular gas oven blow-up. Plenty of fuel to keep this thing burning.
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Feels like a big disconnect between trader's "sentiment" and the external market here to me.
I think traders got overly focused (obsessed even) with the wtf ETF because it was 'their thing', Wall St., big bucks, yada yada yada, etc BS. So price has been dominated by trader's sentiment towards ETF thinking since at least mid December .... meanwhile the physical market on the street in India, Japan, China, Asia, Brazil, S. America, UK Europe, USA, etc has been picking up some serious exponential growth steam, look at wallet adoption numbers, s/ware downloads, localbitcoins.com.
Just saying you guys might be missing the woods for the trees. Try not to get run over by the bitcoin moon train when scalping your trading card pennies up off the track ...
the question now is, can the market support these prices without this "ETF coming Soon TM" bullishness. i'm betting that it can't, and we in for a sizeable drop, probably Below 1000$.. i'm looking forward to a more reasonable 950 maybe you're asking the wrong question and therefore betting not only on the wrong pony but the wrong race at the wrong track? what if the question actually is, how much has the ETF deadline anticipation held bitcoin price growth below the adoption/halving trend it had been on for the previous 12 months? |
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Would have been surprised if it were the other way round - imagine asking the authorities to put their stamp on Bitcoin. They don't dislike Bitcoin for nothing, it is actually a threat to their survival and relevance and I don't see them undoing themselves.
Why do you think they waited so long to say "No"? Just a cliffhanger. In the sequel they will say "No" again, and again. And you can't even argue against their habit, since Bitcoin mostly positioned itself as an antagonist against their own plot. Any ETF will never succeed. Yeah, I wouldn't be so sure of that. SEC is merely an enforcement arm of the state, not judicial or legislative. It's like going to the cops and asking if you can smoke a dooby in front of them ... unless the cops are you buddies (or dealers) they're gonna throw you in their cruiser. SEC doesn't write the laws or even adjudicate on it. They are merely expected to interpret and enforce the Acts of Law. Do not be surprised if the SEC get sued by the Winklevoss or some other court action going to higher authorities is now going to get set in motion. Hence the reason why it went all the way to a forcing a refusal out of SEC. A simple 'withdrawn' ETF request has no standing in law. Then again SEC is going to be soon populated with Trump appointees who will be especially against over-regulation and may simply overturn these Obama appointees politicised decisions anyway. |
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After ETF, next one along the tracks is the WTF Bitcoin?! moon train.
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Feels like a big disconnect between trader's "sentiment" and the external market here to me.
I think traders got overly focused (obsessed even) with the wtf ETF because it was 'their thing', Wall St., big bucks, yada yada yada, etc BS. So price has been dominated by trader's sentiment towards ETF thinking since at least mid December .... meanwhile the physical market on the street in India, Japan, China, Asia, Brazil, S. America, UK Europe, USA, etc has been picking up some serious exponential growth steam, look at wallet adoption numbers, s/ware downloads, localbitcoins.com.
Just saying you guys might be missing the woods for the trees. Try not to get run over by the bitcoin moon train when scalping your trading card pennies up off the track ...
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what the, Oh shit, OH FUCK! i sold the bottom!  Fiat baghodlers crying over bunch of fiat stinking up the joint in their bitcoin trading accounts ... looks like walls of devaluing, controlled fiat piling up. |
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okay so plenty of people have posted their short-term predictions... but what are we expecting for the weekend? Inclined to go with a couple of bounces but steadily sliding down to about 1000, not sure though
It is entirely possible that the SEC's artificial ETF deadline has actually been keeping a cap on bitcoin price for the last 2-3 months. Now that has passed the underlying natural mega-trend bullrun and secular bull markets will reassert themselves if that was the case. |
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Would have been surprised if it were the other way round - imagine asking the authorities to put their stamp on Bitcoin. They don't dislike Bitcoin for nothing, it is actually a threat to their survival and relevance and I don't see them undoing themselves.
Why do you think they waited so long to say "No"? |
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http://edition.cnn.com/2010/POLITICS/04/23/sec.porn/As the country was sinking into its worst financial crisis in more than 70 years, Security and Exchange Commission SEC employees and contractors cruised porn sites and viewed sexually explicit pictures using government computers, according to an agency report obtained by CNN.
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"It is nothing short of disturbing that high-ranking officials within the SEC were spending more time looking at pornography than taking action to help stave off the events that brought our nation's economy to the brink of collapse," said Rep. Darrell Issa. The Republican is the ranking member of the House Committee on Oversight and Government Reform.
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Separately, a senior attorney at SEC headquarters admitted to downloading pornography up to eight hours a day, according to the investigation.
"In fact, this attorney downloaded so much pornography to his government computer that he exhausted the available space on the computer hard drive and downloaded pornography to CDs or DVDs that he accumulated in boxes in his office," the inspector general's report said.
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One commenter states that the market for bitcoin, by trade volume, is very shallow. This
commenter notes that the majority of bitcoin is hoarded by a few owners or is out of circulation.
The commenter also notes that ownership concentration is high, with 50 percent of bitcoin in the
hands of fewer than 1,000 people, and that this high ownership concentration creates greater
market liquidity risk, as large blocks of bitcoin are difficult to sell in a timely and market
efficient manner. This commenter claims that daily trade volume is only a small fraction of total
bitcoin mined.
This commenter also states that several fundamental flaws make bitcoin a
dangerous asset class to force into an exchange traded structure, including shallow trade volume,
extreme hoarding, low liquidity, hyper price volatility, a global web of unregulated bucket-shop
exchanges, high bankruptcy risk, and oversized exposure to trading in countries where there is no
regulatory oversight. Source : https://www.sec.gov/rules/sro/batsbzx/2017/34-80206.pdfYeah, thanks to such "commenters".. Did the SEC got that commenter in the Trump team ? No. It was that loser Prof. BitKorn himself ... he of the "bitcoin is going to $10 fame". |
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I wonder how much all this has cost the Winklevii.
Maybe there is a lesson here. Why go asking for permission when you already have an asset which doesn't require it? This ETF never made sense to me from the start. The only argument I've ever seen for it is so people can put their 401k in "Bitcoin". Spot on. Also why did the SEC wait until the last possible hour on the thrice extended delays of the deadlines after deadline to announce with great fanfare (and huge insider gaming trading it appears) to disapprove? And it seems they never gave the Winklevoss a chance to withdraw their application before the deadline either it appears ... hung those poor feckers out to dry. I'd be super pissed if I was them. SEC proves to be just another tool for the Deep State to defend the monopoly money powers and entrenched vested interests. No surprises there. |
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 ... notice how they raise their thumb ever so slightly before exercising their putrid powers, like a little FU. |
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