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Can I ask, what has blockchain.info hyped in the past?
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Let say you are satoshi. Do you will use identity forever? Do you feel safe? Do you not think there thousand hacker will try to get your btc? And many more question
If I was satoshi I would never feel safe again. I mean you disrupted history forever... you are disrupting the very status quo.. soo better watch your back. |
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I don't think it's outdated... far from it. I also don't think those alternatives you mentioned offer anything truly exciting. Besides, bitcoin could evolve to implement future changes anyway so I think it'll be a lot harder to kill off bitcoin than you might think.
Decentralized asset exchange: no Turing complete contracts: no Market-pegged assets: no Fast confirmation time: no Environment friendly distributed consensus: no Adjustable inflation: no (the list goes on) Bitcoin is outdated. All of these are being addressed on as we speak and some are at least debatable if they are legitimate objective problems. No other coin will take Bitcoin's spot, sorry to burst your alt bubbles. |
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I'm a bit perplexed.
I thought bitcoin ownership and conversion is perfectly legal in the U.S. Or is it a state-by-state basis?
Or perhaps he was just doing this unreported and did not pay a single penny of tax on it? If so, then I have no sympathy for him, that's clearly breaking the law.
Ofcourse thats not a whole story. Seriously think hes only buying and selling for his own investment? Thats what he will use for defense. FEDs might have more than that. That's what I'm thinking. Otherwise, FEDs would be having a field day prosecuting thousands of sellers on localbitcoins over the past 2 years. There's got to be more on this story regarding some deeper illicit activities, and most likely tax evasion on a grand scale (which, does not matter whether you're selling bitcoins or shit on ebay...you'll eventually get hit) It is perfectly possible that he traded coins connected to illicit activities, without knowing. Normally people don't talk about that, unless they are really really stupid, or sting agents. And naturally, the Feds will go after the source. Another possibility is that they are going for the big fish first, trying to scare the "thousands of sellers on localbitcoins" because it is a bit too expensive even for big government, to send 35 highly paid henchmen after each of them. This is what the German Bafin is doing, they scare individuals to stop them selling Bitcoins (which is possibly the reason why LBC banned Germany). It is not illegal in Germany to trade BTC without a license on a non-business basis, but the legal threats stop most people because they don't want the hassle and expense.  It's not really expensive since there is a 1/4 million dollar fine and all his bit coins and money and property will be seized as well as all computer equipment I think that's more than enough to cover the price of sending some goons to his house for an hour or two so a nice profit to be made busting anyone else who is doing anything "illegal" in btc Yeah easily..they would be making really good profit out of it..without a doubt.! Going to bust Charlie schrem made them another million usd The silkroad btc seller guy got $950,000 fine as well as some jail iirc That's an easy 2 million from two quick arrests, I assume burtw will be another easy million $ for them Let's not even talk about ross ulbright and his hundreds of millions of dollars worth..... Although they probably wasted more money looking for him You need to take into consideration the money it will cost to prosecute them as well as the cost of a trial. I don't know if it would cost a million dollars or not, however they would need to pay for the DA, the staff in the DA's office, they need to give all the evidence against them to the defendant (this alone probably cost close to a million dollars in Ross's case), pay for court security, for the judge, for the jury (potentially for hotels/meals for the jury if they are sequestered ). The list goes on. who do you think pays the wages of the police and courts ? they are not working solely from the bitcoins they can seize  they get their salary from the taxpayer anyway feds getting millions of btc to auction off is just a christmas bonus lol The money collected from fines and civil forfeiture goes from the general fund that pays for the government. The general fund is also paying for these expenses. However if something is not going to be cost effective then the government is not going to pursue it. For example they are not going to prosecute a speeding ticket if it will cost them thousands of dollars, doing so would just not make any sense. it all depends on the situation ....... ive seen them waste shitloads of money before on charges where they would never make a profit on someone speeding on a car or motorcycle who fails to pull over will result in a police chase involving maybe a dozen cars on the ground and even police helicopters theres no way theyre going to recover whatever all that cost from a drunk driver or whatever ............ I think it really depends on the crime. If it is something like murder or drunk driving or kidnapping then they are going to be more willing to spend a lot of money to catch them and convict them. However for more miner offenses where there is really no victim they will be more conservative. The thing with all of this is there doesn't even need to be an actual crime. They are just going for the headlines "this guy got raided during a localbitcoins exchange" so you get scared and stop using the service. Same good ol technique. |
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Nice peak at 309, we'll see, I think OP might be right, good opportunity to short and buy more cheap coins later.
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not received payment ?
is this weekly or
When we join after 7 days we will get payout
Name: suman66
Posts: 344
Posts to pay: 37
January 19 0.0000000000 yes, 7 days from enrollment date is means 26 Jan , you will receive your payment
I just rejoined last Saturday. By rejoined I mean that I used to be in this campaign a long time ago and then I was away and on Saturday I re-added the sig and hit the signature.html page. Now, I notice that on Tuesday it said payment 0.000 (however, it *is* properly counting my posts since Saturday). I'm assuming that this is because when I originally signed up (over a year ago), I did so on a Tuesday. Now I'm just trying to figure out if I'm going to get paid this Saturday (when I readded the sig and hit the signature.html page) or on Tuesday. Any guesses? Anyone know for sure?
bump on this question. anyone know? I guess I'll find out for sure either way soon and I'll let y'all know. I think 7 days after you added the signature January 19 0.0000000000 I also got that in my profile, its 26 and waiting for payment, nothing thus far, I guess it takes some hours inside day 26 for the payment to happen. Also I hope this campaing continues hopefully at same rates, the rest are not as good, they cant run it as smooth. |
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Anybody here long enough to see Mtgox, Tradehill, BitInstant, many other scams and hacks and scandals, will surely be looking forward to have a regulated, insured exchange leading the way from now on.
This is a turning point in confidence and many have been waiting some years for this to happen.
The fact that Coinbase is already popular is killer and makes all the difference.
This is the day you can have your cake, and eat it too.
To celebrate, we post pictures of cake.
[imghttps://i.imgur.com/0WOJmbA.jpg[/img]
There have been regulated US exchanges for a while. This won't change much. Indeed, but none as serious as the Gemini exchange. But still, it only takes a group or even a single person to do an inside job and steal the private keys. We'll see. If Gemini fails then that would be catastrophic. It would mean any sort of regulation for Bitcoin is impossible and its the wild wild west. |
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If Greece leaves the Euro zone, that would make the Euro stronger, and that may happen.
I dont think that Greece will leave because if they do leave the Greek government will have to force people to accept the new currency and they will have to revalue everyone's bank accounts into the new currency which is wont happen overnight. Greece will not leave, the will be kicked out when they keep saying they will not pay the debt. It's either this, or Alexis betrays everyone that voted him and deals with Merkel's orders. |
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Dude, haven't you realized the fucking game yet? It's "are you smart enough to have been the guy holding the bitcoins?"
Through thick and thin, they'll try to get you to give up your coinz. If you're smart, you'll say no. If you're a loser you'll say yes. Such is the story of life.
Yeah but everyone wants to be rich, and you are not going to be rich holding the same amount of BTC (he probably hasn't got much). So he wants more. No one wants to hold 1 BTC only and pray to St Satoshi that it will ever be worth 1 million. You need at least 100 or something. Only holding gets you nowhere. |
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From the days bitcoin made headlines for being the magic tool for crypto anarchism the scene has now changed so that news like Coinbase and Gemini which are going to launch a fully regulated exchange in the United states are widely celebrated!
Would the founding fathers of bitcoin (Satoshi,Finney,Szabo) really like this evolution?
The general public has really accepted the news as good, that is why the price has been increasing this week!
Is this evolution in right direction?
It's interesting and a double edged sword. Sure, this is against what Satoshi would have liked.. but on the other hand, whats the alternative? having morons like Karpeles running the exchanges? what do you propose? |
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What if when whales die, they decide to not give their sons and families their Bitcoin wallets? these would be lost forever in time. Sometimes it happens now that parents are mad with sons and do not give them inheritance, except the money doesnt get lost forever lol.
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If it survives the first 3 days of the following week we may be actually on the begining of a decent uptrend. Expect corrections tho, but if you have balls you can short and win some coins.
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This is almost as bad as the The Wall Street Journal video they did about the guys that wrote a Bitcoin book the other day. Hosts are legit clueless about how the whole thing works.
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Ripple should not be on the list, it is not a decentralized "Alternate cryptocurrency".
Ripple Labs marketing folks certainly would not want to be ranked alongside geek coinz, ponzi coinzs, hippie coinz, black market coinz and terrorist coinz. It would be wrong to say Ripple is centralised. It's not. It's distributed. they would know starting by the name they already lost against something as cool sounding as Bitcoin. Enjoy bag holding. Have you ever marketed anything in your life? You do know that the "Bitcoin" brand is toxic, right? You should have a look at the LinkedIn profiles of the non-technical folks at Ripple Labs. Oh wait, you won't bother, because YOU know better. Best of luck with everything. Oh yeah, its so toxic that Microsoft and Paypal just partened with Bitcoin related businesses. Dude we are on the early days and Bitcoin is already lightyears from what Ripple will ever try to amount. Ripple will always be a boring knockout, Bitcoin is the real shit, deal with it. |
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Yes I do understand how high frequency trading works.
- snip -
Glad to hear it. Since BitStamp (and BitFinex, and all other known bitcoin exchanges) don't offer high frequency trading, the rest of your post is off-topic and irrelevant to this thread. Meanwhile, the bitcoin exchanges (which are on-topic and relevant to this thread) are all able to engage in their own "insider trading" before the order book is updated. Proper regulations and good audit practices from trusted third parties can significantly reduce the incentives and likelihood of exchanges engaging in such conduct. True that - my bad. Didn't mean to get so engrossed in the subject  It is difficult if not impossible to provide hard evidence of deliberate insider trading misconduct at bitcoin exchanges. That is not to say that there are no obvious signs that it is happening (at Bitfinex and some of the other large exchanges). I trade on more than 10 different exchanges and track "slippage" on each trade. Slippage occurs when trades are not executed as expected for one reason or another. I don't dwell too much on why it is happening and just respond to it by "penalizing" exchanges with significant execution slippage and re-route orders to other exchanges. Do you care to share your list? Sure. We trade mostly on a subset of the following: Bitstamp Bitfinex ANX LakeBTC Kraken BTC-China BTC-e Cryptsy Ok Coin Coinsetter I am debating putting together a more in-depth analysis on trade execution. If you are interested follow @ https://twitter.com/LiquidXCoin or sign-up at liquidX.io Whats your opinion on Poloniex? I've moved everything there for my occasional altcoin daytrading, im paranoid about exchanges dissapearing these days, im not sure what to do, im starting to think i should put all on my local wallet but i want to daytrade. |
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Only if you are in the USA you should be paranoid. Afaik outside the USA no one is caring enough to put honeypots in LocalBitcoins.
But just in case im staying off LocalBitcoins for a while and see how it goes.
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Will they talk about Gemini as well, or only about the ETF? I need to know more about it. |
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You are basically asking how to make money, post this in the marketplace imo.
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As of right now, 150 is the bottom. All time bottom? no one knows, some people aim at 2 figures, its doable if things doesnt change much in terms of surplus of coins being mined and not sold.
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Ok I short at $245. Wish me luck.  You sold at 245, means you have a safe margin to make 40 dollars as I expect another test of 200ish waters.. lower than that and you are on risk, still doable at 200-170, lower than that and then you require balls of steel to hold on fiat. Just my view. |
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