...
How many people in these countries will be able to buy bitcoins? You need sellers willing to take these collapsing currencies.
Indeed, that is a problem. I dont know what methods you would have to exchange your currency in that situation. I guess you could always find speculators that will buy you some for USD. Why not just hold USD, which is not tanking like BTC at the moment? |
|
|
|
... I really hope, that Bitcoin will prove again to these idiotic trolls (i mean you), that they are idiotic trolls and will finally shut them up...Last year i started as a noob "investor", now i feel like BTC dinosaur when i am seeing these new kids shouting the final doom is coming  ... Hope in one hand and spit in the other, buddy  |
|
|
|
...
yeah, i guess...but we all know that btc will not die, it will rise again as always, it has to, because ... Stay beneath the earth, monstrosity!  |
|
|
|
it only takes top 1% of billionaires putting wealth into btc for it to be worth orders of magnitude higher.
It only takes 0.1% of billionaires putting wealth into BTCeanie BTCabies for them to be worth orders of magnitude more, what's your point? |
|
|
|
You sound as certain & use the same logic as the intrepid NeoBee investors did when I questioned the integrity of Mr. Danny Brewster (see pic). I am not sufficiently familiar with this and don't see how it pertains to the matter discussed. You don't see how it's relevant because you're not familiar with it. I even took the time to post his pic, here:  Google is your friend tho, educate yourself. ... 2. Registering a company in Cyprus is trivial, registering an exchange is not. Registering a financial (stocks, bonds, currencies) exchange most likely isn't but Bitcoin is new. I can't easily check its legal status in Cyprus but... Find out, instead of guessing. Knowledge is power 2(a). If BTC-e is registered, and has not provided the registration to its clients, why? I don't know. And I don't care. But ...you will make lengthy posts about it. Why not play some vidya instead? It seems that you are trying to imply that BTC-e is a shady business. I am not inclined to argue with you on this - mostly because I don't care what kind of business it is; I have no financial stake in it. I simply reported what I knew about it since the subject arose.
Right. See above. 3. Regardless, not registering a company is easier still, especially when one wishes to obscure the names of the key players. It is simply not possible when you have to deal with large amounts of money in various currencies going through the fiat banking system. They could, however, refrain from revealing the fact that their company was registered in Cyprus. Yet they didn't do so. You don't understand the rudiments of lying. "We're a legit business" sounds much less trustworthy than "Legend Machine is a tool & die manufacturer based in Lincoln, Nebraska." So now you know. 4. Registering a shell requires a name. Even when said name belongs to some carder degenerate willing to lend it for a nominal sum. Such people are easy to flip when shit gets real. You have to provide the name and identification to the company registrar, however - not necessarily to the whole world. What is it about not giving investigators more leads/greater attack surface don't you get? 5. Assuming that an anonymous Bitcoin financial institution will hang around when things go wrong, or when it becomes more profitable to walk with the money, is the stuff bitcointalk legends are made of. I don't see how this is related to the subject of what kind of operation (Bulgarian, Russian or whatever) BTC-e is and where it is registered. As I wrote above, if what you are harping at is that it is a shady business and shouldn't be trusted, I am simply not interested in debating this issue with you and would readily accept your opinion on it. No. You are, once again, mistaken. I'm saying that dealing with any anonymous financial institution is a recipe for disaster, a notion which is self-evident to every child, everywhere but here on bitcointalk. I hope this makes things bit clearer. |
|
|
|
From http://www.investopedia.com/articles/analyst/030102.aspS&D players clutter message boards, so optimistic information cannot easily be found. "Get out before it all comes crashing down" and "Investors who wish to enter a class action lawsuit can contact…" are typical posts, as are their projections of $0 stock prices and 100% losses. If their strategy is suspected by "longs", they attack the person who has caught them. In other words, the market manipulator will do everything in his or her power to keep buyers out of the stock and keep the price heading south.Sounds familiar? Whatever helps you deal with your slick Bitcoin "investment," brah  |
|
|
|
is crypto done??  No, but smart money is dumping & leaving Bitcoin  |
|
|
|
You do realize Bitcoin is over a hundred times more valuable that any of it's competitors? Bitcoin is doing fine.
Maybe is overvalued and other altcoins are undervalued Or maybe it's not. Who knows? Let's let the market decide, shall we? The market has decided. Bitcoin is kill  |
|
|
|
Everybody here is a bull in the wrong run. It makes sense to be a short time bear when the value is going down to make profits.
$1200 to $300, being a bear means 4 times profit.
True. Good luck continuing that trend! Good morning inca. Seems to be working rhus far    |
|
|
|
Good morning, gentlemen. |
|
|
|
Looks like China decides up. Let's see how it evolves. $1000 by 1st of January?  Looks like a no. Again When will you & poor inca finally learn that Bitcoin goes up only to slam back down harder? How much longer will you two keep regluing together your broken dreams, just to have them shattered again minutes later? |
|
|
|
... Transparency & openness are not features of proprietary, centralized ledgers. Also, crypto has nothing good to offer in terms of security or "ease of maintenance" for a centralized network. It's like you're suggesting Paypal integrates cryptography, do you realize how stupid the idea is Software doesn't need to be proprietary to be centralized. Payment processors can, and do rely on cryptography. Your inability to conceive of cryptography benefiting payment processors? Why, it strongly hints at you lacking that outside-the-box thinking, the daring to dream in paradigm-shifting, disruptive black swannish visionary manner of a truly exalted Bitcoiner |
|
|
|
Good.
Fewer miners means fewer coins on the market which means higher prices.
How is it you're invested in BTC and don't understand how mining works? The depths of ignorance on these fora are unplumbable  |
|
|
|
^Been working great thus far This Bitcoin thing, OTOH... Much fail & aids |
|
|
|
...
That being said, explain me why a private police would not work and make the debate progress.
Private police exists--see shopping mall cops, etc. Also learn about the Pinkertons, here: http://en.wikipedia.org/wiki/Pinkerton_(detective_agency) If you mean getting rid of publicly funded police, then what you're essentially asking for is placing the power of enforcement in the hands of the moneyed elite. If, OTOH, you're asking about the actual mechanics of why private police would not happen, the answer is simple: The real police would own the lunatics & throw them in jail. Hope this helps. *I still suggest studying Go, Dog, Go! in greater detail, and getting up to speed before typing on the interwebs Edit re. "Come on give me some statist author, books, video that made you vibrate and want to pay your taxes": I don't "vibrate" about paying taxes any more than I vibrate about going to the dentist or wiping my ass after taking a dump--I don't get excited about these things, frankly don't even enjoy them, but shit got to be done (no pun intended). Interesting to note that vandalism more often happen in public area than private one. That's because private areas are protected by an extra layer of security, see mall cop. The real ones still show up when shit happens & serve as a deterrent. I'm talking about private police with private courts. (as explained https://www.youtube.com/watch?v=jTYkdEU_B4o) No monopoly of force in the hand of the state. (and no tax to pay for it) I am surprised you think law enforcement would be in the hands of the moneyed elite... because this is already the case with the current system. ... So to counter the fact that the rich already have disproportionate legal power, you want to hand it to them implicitly? Not following your logic. I don't get excited about these things, frankly don't even enjoy them, but shit got to be done (no pun intended). No, it is not. You have to eat, you have to shit, but you don't have to pay taxes. You decide to. Most people do it voluntarily convinced by the moral good of this obligation. No. I decide to eat because I don't like being hungry. I decide to wipe my ass because I was brainwashed by patriarchal oligarchy and their toadies, the mainstream press. Learn to paranoid delusions, brah. ~The Jews Did It! |
|
|
|
|
That graph! Bitcoin has finally reached singularity!
|
|
|
|
...It would be considerably less efficient to use cryptography in a centralized model.
Why? Remember, it doesn't need to be a proof-of-work coin, so doesn't need to rely on burning tons of electricity on high-speed thumb twiddling. No reason for V2.0 distributed ledger to be wasteful Why bother with crypto in a centralized model? There's no risk of double spending or option for pseudonymous transactions with a central issuer. Transparency, improved security, ease of maintenance, ease of KYC/AML enforcement, etc., etc. Governments can get behind it Remember, open ledger! |
|
|
|
It's certainly straightforward enough, but it's starting to show some ...drawbacks? My point is pretty trivial--it's nice to have the ability to adjust the money supply in response to changing conditions. Clockwork inflation guidance can't do that, and that's why V1s were so wildly inaccurate  Retrofitted with a driver's seat  |
|
|
|
I know you have daddy issues with the FED, but I simply used it to illustrate why mining more BTC makes the BTC you hold worth less. We can also infer from this that lowering the total of BTC mined (printed) would reduce the supply of BTC on exchanges, thus twerking the supply/demand equation just right & making the coin you hold be worth more. But you can't do that, because predefined, like clockwork, like a V1 rocket. Nothing can be done Or maybe we can just wait a bit for market demand to pick up, waddayathink Yeah, "Wildly fluctuating & tanking price? It's actually a good thing, we meant to do that."  Come on |
|
|
|
This just in ... President Obama told a press conference today that he is "madder than hell" and "no one is angrier than I am" after a routine test of new $100 billion software intended to allow him to play computer-simulated golf rounds accidentally triggered World War III.
The president told the assembled journalists he only found out about the war while watching the news on TV. The inadvertent conflict is expected to kill upwards of one billion people.  Strategic response:  |
|
|
|
|
Show Posts
