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hmm interesting
in BTC / cryptos 10x a month is normal in both directions.
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can we pay this guy some BTC?
can some one ask him to get an address,
this guy actually is the best advertisement/advocacy/apologist for bitcoin!
the more you watch the funnier it gets
computers wont have terabyte hardrives....right?
maybe the pic of bulls in the background is a give away?
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Financial institutions deal with currency, and the Chinese government wants to keep it that way. Bitcoin Exchanges and related companies deal with Bitcoin, and the Chinese government wants to proceed this way. It's only clarification of separation between THESE businesses, not Bitcoin in general. Agreed. A big part of the motivation is probably to stem potential capital flight out of China via bitcoin. Not there was likely much of that going on, but the gov probably wants to get out ahead of matters. Which means eliminating layers of financial intermediaries that could obscure identity (hence why "payment processors" might not be allowed to interact with bitcoin exchanges, but banks are ok). All in all, it will probably indeed dampen the mania to some degree, but it's by no means as hostile as many are making it out to be. Bingo! Good to see you all are starting to understand finally. For the record, we can fully expect governments everywhere to demand the equivalent of AML/KYC, which is more or less what this China action likely amounts to (though more rigidly). That AML/KYC status-quo permeates the global financial system; not just the US.
Yes and they will collect capital gains and/or VAT taxes on Bitcoin appreciation as an investment even if you are trying to use it as a currency (medium-of-exchange), thus it can not be a currency. But developers of altcoins will rise to the opportunity and create truly anonymous coins. Anoncoin isn't it. Bitcoin isn't it. I will soon publish a whitepaper to explain why. In short, you need to understand that Chaum mix-nets (e.g. Tor) are vulnerable to timing attacks, and even honeypotting given only 3 hops. They NSA and spy agencies in each country are likely still able to track your identity much of the time. And VPNs are likely all controlled/backdoored/hacked/rooted by the NSA. And exchanging through mixers and altcoins does not obscure your IP address no matter how many times you do it. Also even across these proxies, your identity is tracked in other ways such as browser plugins trojans, cookies, patterns of internet uses such as favored search terms, facbook et al tracking the way you type, etc.. Even if you are one of the lucky few who manages to keep your anonymity assured by careful mix of the above methods, the point is the majority will not. And thus it is very simple for the government to make your anonymous coins practically unspendable and useless. The government simply sends a tax bill and put criminal liability for all activity on a coin since mining until present, until those non-anonymous coins holders (or former holders) can provide the identity of whom they bought from and sold to. Thus all users will become afraid and only accept coins and sell coins from those who provide their complete identity. Thus only a coin with widespread assured anonymity would be able to become a currency and remain immune to government control. So clearly you can see that you never will have anonymity with Bitcoin nor any current altcoins. Thus Bitcoin and the current altcoins can never be currencies (unless the governments take them over somehow and make them legal tender), and the government will essentially control them. emunie solves the anonymity problem |
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you mean, after all that chagrin, I get to win? wow. Can I donate the dogecoins to charity please. I really didn't want them in the first place, no offence  yes of course just give me the address you want doge sent to |
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I have been waiting for a good market shake out to give me more confidence in long term growth, this is a good sign. Also long termers have been through several "crashes" already and some newbs taken a good look at the entire BTC history this had shaken out a lot of "weak" hands.
It going to 10k then 100k and up maybe level out at 100K - 1M per coin.
newbs just running around with their hair on fire going derp derp derp and selling their way into oblivion, takeing a loss. Just hold for a year or 2, sell at 10K if you must.
If you have to "day" trade just use a small portion so feel like your not missing out.
BTC is not about a country or a government or the decisions they make. These will all be arbitraged out by BTC.
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I can't see any actual official document or reference unlike the last one that was signed by several Chinese gov agencies.
Can anyone else find an official reference, rather than my friend's cousin knows this guy who works in the bank or china and had a meeting with some other high up person who said....this is really really going to happen
Also the real money *I* think is going to come from the City of London when they get exchanges going. There's about 1.8T a day in forex trade there.
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This looks like carefully organised FUD.
No official document like last time.
I await the official document
and thanks for the cheap coins
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not so much balls of steel as,
I could have sold out at 300 and never buy in at the same level agian....this always for BTC, under 1c, $1, $10 $100 etc etc
the risk of being out of BTC far out weighs a short term gains in being in fiat.
Think about I'm so glad I sold 20K BTC at $2, bought in at $1!
yes good at the time, but you $20K profit is going get you $20 -30 coins now
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headlines give short term reactions for the most part that soon revert back,
unless they are major like USA adopts bitocoin, scraps USD
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Btcchina has just introduced a 0.3% trading fee.  this |
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as the title says
Do you have to wait for the whole block chain to download in the reference qt client before sending coins?
what happens if you send coins before you down load the entire block chain.
Is an effect you will only see your send in your client when that block is downloaded as well
Are there any other effects, risks etc.
1000 doge bounty to answer I like the best.
yep, the software is so user-unfriendly you have to wait for the whole chain to download before you can do anything at all. Great isn't it. Why not use a client like electrum that doesn't download the blockchain? Its up and running in 5 mins. Even if I win, no dogecoins for me please  this is the best to an answer so far the other point just downloading faster http://www.livechains.net have a large libary of updated blockchains so you can speed up the initial sycn is orthogonal to the questions |
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as the title says
Do you have to wait for the whole block chain to download in the reference qt client before sending coins?
what happens if you send coins before you down load the entire block chain.
Is an effect you will only see your send in your client when that block is downloaded as well
Are there any other effects, risks etc.
1000 doge bounty to answer I like the best.
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Just found 54mio Doge coins Somebody lost them ? Time to dump them. ++doge much immune to fud because already ironic wow |
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1 time offer, I will sell a million at .60. First to pm.
If you need me to explain, do not pm, you get it.
Come on, sell at 1. You dog. Such rise. Such profit. Such patient. Such adult. Not random. You are correct! You so not get! Much DOGE love here. I no explain. Will do better! I retract my offer for .60 per meelion, and raise it to .80! I so devalue, I so make large mistake. Very counterpoint. Such pricefix, wow, many crash. So market price, much invisible hand. Want my standard add? or what our exchange that is launching tmw has? Pricefix my ass. This is called viral. Coins out there, go get em. Mine them the same as each and every person, pay electric, invest in equipment. THEN talk to me. You sound like a pissed off WDC owner. if you look through scrappy posts you will see he spent some serious $$$ and time gearing up to mine. He took this risk, and now has a reward. there is no issue here |
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This is interesting and useful but as all the others say BTC Is NOT A STOCK and will never be one.
ok. a lot of people say this, though, without adequately explaining how its price movement does and will differ, specifically. in other words, it is an excuse to do no analysis whatsoever. Glad to see someone else calling people out on this bullshit. Just because bitcoin isn't a company issued stock doesn't mean that it won't react to the same market psychology and supply/demand forces. this is a good point. the difference is stocks swaps around existing gov FIAT money supply so they all swim in that pool of money neither creating or destroying money or wealth just swapping it round and changing the velocity of the money. By printing more money makes any individual denomination less valuable. BTC is competing with the FIAT pool itself. That is an entirely different proposition to a stock. The fluctuations come from the un even transfer of value in an out of BTC but mainly in as the log graph shows rather convincingly |
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its hard too know where to start with this guy its so full off errors
here the first one, gov currency is also made up, eg needs to understand FIAT currency and fractional reserve banking.
Peak Month and Rate of Inflation: Nov. 1923, 29,525% Germany, that makes BTC deflation look rather tame.
What is happening now is the Govs just keep printing and taxing, and the whole edifice pumping, while we see cost of living go up while buying power goes down. BTC can now catch all this excess printing
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4 DogeDeV treasure fnud noa, breed want best fastest, doge much groomed
+++I have put in 100,000 seed Doge for this.....
DogeDev address
DUN3aXQESpRD9rvGo1wPk43AGanJGG4eET
to ensure lite coin control is put in and bugs get fixed also for clients wallets like electrumDoge
pls put ur DogieDev wish
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We naed to set Up a DogeDeV treasure fnud noa
+++I will put in 100,000 Doge for this.....
to ensure lite coin control is put in and bugs get fixed also for clients wallets like electrumDoge
DogeDev address
DUN3aXQESpRD9rvGo1wPk43AGanJGG4eET
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How Bubbles Grow: 12 Easy Steps
1. A believable concept offers a revolutionary and unlimited path to growth.
>>no limited coins, and s curve event so not unlimited
2. Surplus of funds and lack of opportunities lead to buying or investing in anything available.
>>no its an evaluation even the "funds" are the over printing, devaluation and bad economic decisions of the banks/gov for oh, 100+ years
3. An idea is complex and cannot be totally explained or related to an investor. [/b]
its easy, we bank now.
4. The crowd imitates the leader. All Aboard! Even the gardener has a tip!?
nope a fraction of a fraction know about BTC in any meaningful way.
5. Prices fluctuate from traditional level to overvalued level, THEN to all new ground and all time highs.
there are no traditonal levels nothing had been done like this before
6. New levels are sanctioned by experts. "We are in a new Paradigm!"
the "experts" decry BTC
7. Fear of missing the boat takes over.
Cloning of the idea occurs as many new overvalued competitors enter the market.[/b] this may be true
8. Lending practices are eased. Money flows like water to anything or anyone with a new idea.
no alot of forces make it hard to get FIAT in
9. Cult figures emerge for the new paradigm. The media promotes lifestyles, not substance.
No satoshi disappeared at the beginning...because he realized the implications of what he had just done....
10. The Bubble lasts longer than expected. Critics are dismissed. The last suckers are sucked in.
This think has gone up and down to the complete misitification of the "experts" who have pronounced BTC dead several times.
11. Fraud emerges as partly responsible for the bubble as the first cracks show in the bubble.
Nope. If anything the opposite.
12. Finally, everyone has a reason why it cannot continue. But nobody dumps, and all hold onto their profits. No new buyers. Market stalls.
Ok some truth, but the reason no one dumps is because they have seen it happen too many times, eg dumping, then the price going and order of 10 leaving them with FIAT never to be able to buy back in.
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OP is all true, please send me your soon to be worthless BTC
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