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They only say what they're paid to say. I thought everyone knew this by now.
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The national debt is the sum of the budget deficits through the years. The government funds the deficit by selling treasuries and then using the cash to pay for government spending.
US Treasuries can also be issued to help banks and other institutions with market liquidity. For example suppose Goldman Sachs might have a "billion dollars" worth of shitty derivatives on its balance sheet which nobody wants (this means their true value is significantly less than a billion dollars). GS can swap their toxic shite for US Treasuries which were issued for sole purpose of facilitating this trade. The shitty derivatives stay on the balance sheet of the Fed and are never sold or spent so they don't add to the national debt.
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Price stagnates for a bit and everyone is out writing Bitcoin obituaries. It's been like this every since 2011.
All Bitcoin has to do is survive longer than the current private bank credit system and it's widespread adoption will be guaranteed.
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Oh the sweet irony if the hackers wanted payment in bitcoins  Contact details stolen from ECB databaseEmail addresses and other contact information have been stolen from a European Central Bank database following a security breach. The ECB said the information related to those who had registered to attend its events, such as conferences or visits, and was not encrypted. However it said other details in the dataset, such as downloads made from its website, were encrypted and no system or market-sensitive information was taken in the attack. The ECB said the matter first came to its attention after it received an anonymous email seeking money in return for the stolen data.It said it had contacted German police about the theft and an investigation is under way. The ECB also said it was in the process of contacting those who may have had their contact information stolen, while all passwords on its website have been changed as a precautionary measure. http://www.rte.ie/news/business/2014/0724/632765-ecb-data-theft/ |
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I think that there are a lot of fools who dream of riches but who aren't ready to do any hard work for it.
what about those of us that work damn hard at our jobs in order to earn as much money as we can to then buy bitcoin. I work as much overtime as i am offered, and save as hard as i can so i can buy bitcoin, and i would imagine i am not alone. i do not dream of riches - i just feel alot safer having my holdings in BTC which i control rather than in a bank which i do not. If i am making more than the current pittance offered by interest on savings accounts then i am even happier. I would recommend you to look at better investment opportunities. In my idea, the best way would be to invest in yourself. Obtain a needed skill, save up and start your own company. It isn't as easy as buying bitcoins, but it's A LOT more certain and you can have more control of your own wealth.Because... what good is having control of bitcoin units, if you can't control the unit value? If you can't control bitcoin unit value, then you still can't control your wealth. With holding bitcoins, your wealth is just as much or even more out of your control, then holding your money in the bank. If you want to buy a commodity as an investment and stay in control, then buy something that's value isn't highly speculative. (golds value for instance is also highly speculative) Starting your own company is extremely risky and VERY FAR FROM certain. The majority of company start ups fail within two years after the owner has burned through their savings and remortgaged their house. Troll harder next time |
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Hi, Everything is stabilized today  I was to Fibank for my business account and checked verything is ok. No waiting on long tales anymore Please calm down BR Everything is okay until you ask to cash in your Fibank IOUs. |
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This is a nice read for those who do not grasp the issue of concentration of power into one mining pool. http://hackingdistributed.com/2014/06/13/time-for-a-hard-bitcoin-fork/Excerpts: But the fact is, this is a monumental event. The Bitcoin narrative, based on decentralization and distributed trust, is no more. True, the Bitcoin economy is about as healthy as it was yesterday, and the Bitcoin price will likely remain afloat for quite a while. But the Bitcoin economy and price are trailing indicators. The core pillar of the Bitcoin value equation has collapsed.Worse, GHash has a well-known track record of actually engaging in double-spend attacks even when they did not command a majority of the hashing power. GHash used its hashing power to attack a gambling site that accepted 0-confirmation transactions. In essence, they would make a bet, as in red-or-black in roulette, and if the virtual roulette wheel spin came out the wrong way, they would cancel their losing bet and place a new one. This is outright theft: GHash stole from a gambling operator. I was led to believe by the starry-eyed bull tards that it's all nothing but FUD. And in November 2013 I was led to believe by the douche who wrote the article (Emin Gün Sirer) that Bitcoin should be dead and buried by now. Bitcoin is broken. And not just superficially so, but fundamentally, at the core protocol level. We're not talking about a simple buffer overflow here, or even a badly designed API that can be easily patched; instead, the problem is intrinsic to the entire way Bitcoin works. All other cryptocurrencies and schemes based on the same Bitcoin idea, including Litecoin, Namecoin, and any of the other few dozen Bitcoin-inspired currencies, are broken as well. Specifically, in a paper we placed on arXiv, Ittay Eyal and I outline an attack by which a minority group of miners can obtain revenues in excess of their fair share, and grow in number until they reach a majority. When this point is reached, the Bitcoin value-proposition collapses: the currency comes under the control of a single entity; it is no longer decentralized; the controlling entity can determine who participates in mining and which transactions are committed, and can even roll back transactions at will. This snowball scenario does not require an ill-intentioned Bond-style villain to launch; it can take place as the collaborative result of people trying to earn a bit more money for their mining efforts. http://hackingdistributed.com/2013/11/04/bitcoin-is-broken/The guy has a history of spreading baseless bullshit to garner clicks. Just like the case of Professor Bitcorn, trolling Bitcoin seems to be good for an academic CV. |
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This is looking like a 2012 after 2011 bubble, while the infrastructure was not there for the last year valuation ($1200 bubble ) I thought somehow the price will hold for it to catch up..... but it seems that I was really wrong.
I also thought that there will be a bubble between May and the half of June so I kept holding, I bought most of my coins between $10-100 and did cash just small amount of it at the December bubble, bet hell I wont be greedy and watch the price fall even further, I sold Half of my holdings yesterday, This will give me a free couple of years vacation...
Are you keeping your vacation stash in a euro area bank and if so are you worried about the EU wide stress tests coming up this year. only if you have more than €100K in one bank account. My advice to you is spend it quick and enjoy. Force majeure will become a common phrase after the stress tests are done. |
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This is looking like a 2012 after 2011 bubble, while the infrastructure was not there for the last year valuation ($1200 bubble ) I thought somehow the price will hold for it to catch up..... but it seems that I was really wrong.
I also thought that there will be a bubble between May and the half of June so I kept holding, I bought most of my coins between $10-100 and did cash just small amount of it at the December bubble, bet hell I wont be greedy and watch the price fall even further, I sold Half of my holdings yesterday, This will give me a free couple of years vacation...
Are you keeping your vacation stash in a euro area bank and if so are you worried about the EU wide stress tests coming up this year. |
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TL;DR dude sells coins because of some FUD he believed in. Peter Todd is a Bitcoin core developer. FUD = Facts U Dislike. Peter Todd is NOT a Bitcoin core developer. https://bitcoin.org/en/developmentFacts U Dislike |
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Wow. Risto sure has charisma. I can't think of any other poster who garners so much gossip and personal attention. No wonder he's not lacking in self esteem.  Jorge, Goat in his day, BJA when active. It tends to be pettier with Risto, I think. He's actually pretty inoffensive, and rather clever, generally a helpful man of good-will and a contributor to the community. Certainly observing his fate has convinced me to maintain pseudonymity while feasible. For some reason, although I think less flush than Goat, Risto seems to focus all the jelly. Perhaps because he started another thread to get away from the nastiness on this one, the nasty types think he's putting on airs. Amusingly, Goat actually started another forum site to get away from this trash. The signal/noise ratio there is vastly better. But it's not an external face of bitcoin, so I see value in posting here, where google is likely to take novices. +1 on all of that. Who is BJA? |
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I've seen the future. The price will bounce around 500-700 for the next couple of weeks and then a positive Bit-License thing from Lawsky will be the rocket fuel to make Bitcoin go batshit insane again. Mark my words, $2000 by July  When are the regs supposed to be ready? No later than the end of Q2 Approved applications will ultimately be required to adhere to the proposed regulatory framework NYDFS puts forward for virtual currency firms operating in New York. NYDFS is also providing notice today that it intends to propose that regulatory framework no later than the end of the second quarter of 2014. Given that proposals and applications for virtual currency exchanges often take time for firms to develop, today's public order clarifies that NYDFS will consider such proposals and applications.
http://www.dfs.ny.gov/about/po_vc_03112014.htm |
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I've seen the future. The price will bounce around 500-700 for the next couple of weeks and then a positive Bit-License thing from Lawsky will be the rocket fuel to make Bitcoin go batshit insane again. Mark my words, $2000 by July |
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There's always the possibility that a bank account can be frozen at any time for spurious reasons. That's the exact reason why people should get into Bitcoin.
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Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?
Don't worry, we're definitely heading back down to the low 300s. Teratheterrible and Mattheshat said so and they wouldn't lie |
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How would someone with euros in a Cyprus bank use bitcoin to move the money to a bank outside Cyprus?
Simple, all you had to do was find someone in Cyprus with bitcoins who was willing to swap them for Cypriot bank credit. Euro IOUs were still exchangeable between Cypriot banks during the capital controls period. That does not seem to violate capital controls... Note that no euros, real or virtual, left Cyprus; they aonly moved between Cypriot bank accounts. Meanwhile, some bitcoins that were out there somewhere in the ether and were owned by one Cypriot became owned by another Cypriot. The total wealth of the Cypriots, whether measured in euros, bitcoins, or material goods, was not changed by that operation. Or am I missing something? Yes, like the majority of your posts you're missing the big picture. The Cypriot who swapped Cypriot bank IOUs for bitcoins is now free to leave Cyprus with a brainwallet and swap his bitcoins for bank IOUs in another country. The net position of the Cypriot banks hasn't changed in the whole transaction but the net worth of Cyprus has decreased because they've lost some bitcoins. Much easier than swallowing diamonds or shoving a gold ounce "where the sun don't shine". |
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I am curious about the statement the use of Bitcoin to transmit funds out of Cyprus post bailout I wonder how that worked out exactly? How would someone with euros in a Cyprus bank use bitcoin to move the money to a bank outside Cyprus? Simple, all you had to do was find someone in Cyprus with bitcoins who was willing to swap them for Cypriot bank credit. Euro IOUs were still exchangeable between Cypriot banks during the capital controls period. |
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He really must be a genius, I have never was able even imagine negative bitcoin price.
Nagle was infamous during the 2011 bear market for his ridiculously gloomy predictions. He was certain the Bitcoin price was heading to zero and then onwards to the depths of hell. |
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Right. Their Bitcoin EFT is a way for them to get out of Bitcoin. If they sold on any of the existing exchanges, they'd either crash the price or be ripped off.
You are smarter than "twins". How it is possible that you do not have the same(even a lot of more) amount of money/bitcoins. Because Nagle is still waiting for the price of a bitcoin to hit negative numbers. Waiting since 2011. |
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