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There will be an avalanche-like adoption of bitcoin at any moment. I can smell it. And I'm never wrong at what I smell.
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but when bulls are starting to get overconfident, bears tend to come out of the woods.
Good. A bear trap can't work without bears. |
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Everyone knows we're heading for the moon as soon as we climb.
What's the deal with just sitting around and waiting? Get us up dammit
Margin trading means you can sell bitcoins without having a single bitcoin. Banks with unlimited access to freshly printed dollars by Fed printing press can sell bitcoins and manipulate price as they wish. It is the same price manipulation of gold and silver we see for many years. This is why derivatives books of leading banks are of gigantic proportions. This is the way it will be until corrupt fiat system collapses. And collapse will be spectacular. Is there a single exchange that offers margin that would ever be legit enough for a bank to have a play? I don't know of one. All the fancy ones in the US with proper licences don't offer it. There re many bitcoin exchanges that offer margin tarding. Not sure what do you mean by 'legit enough'? there is not enough liquidity in any of these exchanges for banks to start margin trading. try and open 5 million$ worth of shorts, you'll drive up the cost of borrowing to astronomical levels. Why do you think borrowing 11000 bitcoins will drive up the cost of borrowing to astronomical levels? |
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Everyone knows we're heading for the moon as soon as we climb.
What's the deal with just sitting around and waiting? Get us up dammit
Margin trading means you can sell bitcoins without having a single bitcoin. Banks with unlimited access to freshly printed dollars by Fed printing press can sell bitcoins and manipulate price as they wish. It is the same price manipulation of gold and silver we see for many years. This is why derivatives books of leading banks are of gigantic proportions. This is the way it will be until corrupt fiat system collapses. And collapse will be spectacular. Is there a single exchange that offers margin that would ever be legit enough for a bank to have a play? I don't know of one. All the fancy ones in the US with proper licences don't offer it. There re many bitcoin exchanges that offer margin tarding. Not sure what do you mean by 'legit enough'? |
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Everyone knows we're heading for the moon as soon as we climb.
What's the deal with just sitting around and waiting? Get us up dammit
Margin trading means you can sell bitcoins without having a single bitcoin. Banks with unlimited access to freshly printed dollars by Fed printing press can sell bitcoins and manipulate price as they wish. It is the same price manipulation of gold and silver we see for many years. This is why derivatives books of leading banks are of gigantic proportions. This is the way it will be until corrupt fiat system collapses. And collapse will be spectacular. |
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problem is even the noobs now use google and have access to a wealth of information unlike 2013 when everybody was a noob,lol.
You're still a noob, pumpy. Stick to eth pump thread! |
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Nobody ever seems to be fond of the idea that the NSA could of course very well have invented the Bitcoin project in the first place. Really why not?
Most arguments are about "why should they invent an open source project, that could interrupt the banking system?" By the end of 2008 the banking system was already 'interrupted', remember? And since then there is no banking system as we know it, it is command-and-administrative system which has nothing to do with free market. At that time the main danger for masters of the Universe was re-emerging gold standard and shifting monetary power to BRICS countries. This project is for digital gold and could have been started as an alternative to physical gold. But now the masters of the Universe have problems both with gold and bitcoin. What could have happened, what is happening, and what will happen is told here: https://www.youtube.com/watch?v=lUekh6bMKJ8 |
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I'd prefer to be controlled by the US or EU (my personal "big brother" fave btw) rather than China I don't want to be controlled by anyone but if its inevitable I'd prefer China. US and EU is one and the same. EU is a subsidiary of US when it comes to control and surveillance. |
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Now that the world knows the Satoshi coins are safely tucked away in the bosom of the Tulip Trust...
Are they? |
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The figures build on previous statements from the agency regarding cryptocurrencies as a key factor in the development of the so-called "crime-as-a-service" ecosystem."
This is the way it is supposed to be. Every service that is not under government control is a crime. Bitcoin separates money from state. It is a crime by definition! |
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It would be easier for them to reverse engieer every address as there will be similarities between that and the rivate keys.
Are you sure you know what are talking about? |
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If the NSA was really hell-bent on taking over Bitcoin, they would have to basically get at the core of Bitcoin; the miners. If they can control them, either through technical or physical control, then they can decide how to move coins, restrict blocks, and other various things. They would have to strike at the heart in order to kill it, anything outside of that wouldn't mean anything.
So, bitcoin is safe because majority of miners are beyond the reach of NSA in China. Safe from NSA, not safe from Communist government which can make BTC illegal/nationalize mines  Capitalist governments can also make BTC illegal/nationalize mines and even peoples possessions. Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States". The effect of the order, in conjunction with the statute under which it was issued, was to criminalize the possession of monetary gold by any individual, partnership, association or corporation. |
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I have yet to see a single feasible idea of how bitcoin can be "destroyed". Not in this thread, not in any thread in the last 6 years. The only possible concern I have is a loss of net neutrality. If that happens all decisions about what will be allowed on the internet are in the hands of a few people. It would be the end of all electronic privacy and bitcoin may be the least of our concerns.
This thread is not about destroying Bitcoin. You can control bitcoin if only you show heavily invested miners that you can destroy it. |
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If the NSA was really hell-bent on taking over Bitcoin, they would have to basically get at the core of Bitcoin; the miners. If they can control them, either through technical or physical control, then they can decide how to move coins, restrict blocks, and other various things. They would have to strike at the heart in order to kill it, anything outside of that wouldn't mean anything.
So, bitcoin is safe because majority of miners are beyond the reach of NSA in China. |
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You don't have good reasons to find theirs.
I do have. Taxpayers have very good reasons to know what their taxes are spent for. |
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If you are like 99.999% of us, then let them try to do the monitoring they want; you will not be caught in their patterns, they will not care of your secrets.
I will not give them my taxpayer money to let them monitor me! I'm not an imbecile. Case solved. |
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.. whatever, I hope you've got my point.
I've got your point. Let me summarize it: - everybody can have secrets and that is OK - NSA have secrets and taxpayers are not allowed to know them because taxpayers will not be safe if they know them. - If taxpayers have secrets NSA have the right to know them because taxpayers will be safe if NSA know their secrets However silly it sounds, yes, this is the big picture. If it sounds silly and it looks silly most probably it is silly. |
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.. whatever, I hope you've got my point.
I've got your point. Let me summarize it: - everybody can have secrets and that is OK - NSA have secrets and taxpayers are not allowed to know them because taxpayers will not be safe if they know them. - If taxpayers have secrets NSA have the right to know them because taxpayers will be safe if NSA know their secrets |
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But normally such agencies have a lot to hide and it's OK.
Really? Is it really OK? But why for all of us is NOT OK if we hide something? Why are such animals (aka agencies) more equal than others? Are we living in a Democratic Republic or in Orwellian Animal Farm? If they are special agency then I'm special person... Where can I apply for a special person status, so that I can have the right to hide something? |
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And actually I feel that Bitcoin is safe from NSA intrusion since they don't have much to gain from it and the costs could be big.
They don't have much to gain but they have much to lose. Their budget is in dollars not in bitcoins. What will happen if dollar value plummets? |
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