does Mycelium give the option to input Trezor 24 word seeds for recovery? the default Mycelium seed is 12 words. |
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Whoah, I get it. I get what's going on here. They're backdooring Bitcoin into the mainstream. Connect the dots: 1) No mention of Bitcoin on Align's website, except in the press section headlines, even though they use it. Only ever mention "the blockchain" and "blockchain technology." 2) Somehow this has escaped mention on /r/Bitcoin and elsewhere, even though it's gigantic news. They've deliberately not associated with "Bitcoin" overtly. It seems at first strange, because they could have had a bunch of easy customers from the Bitcoin community, as well as its support. Think: Overstock's Bitcoin acceptance launch where they got a bit of a sales boost. But it makes perfect sense when you realize they're gunning higher. The old paradigm is to offer service for the Bitcoin community; the new paradigm is to offer services that use Bitcoin and include no reference to it, because customers don't need to understand it, know how to secure it, or deal with it at all. 2) The recent trend of, "We don't know about this Bitcoin thing, but blockchain technology is the future" is turned on its head by Align's strategy. What was a sort of backhanded dismissal becomes a Trojan horse. Bitcoin quietly becomes the payment rails for better bank wires, stigma intact but irrelevant because no one knows they're using Bitcoin. 3) The general sense among some thinkers in the space that "when Bitcoin succeeds it'll be because people don't even know they're using it." The implications for investment are obvious, but users of Align's service are completely removed from that. Investing in Bitcoin, to them, would be like investing in Cisco because they like buying books on Amazon.com. But Cisco still did very well because it was needed for the backbone infrastructure and investors recognized that. sounds like the Coin.ph model except for businesses only. |
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rapidly approaching the danger zone. this is good for Bitcoin:  |
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As has been said, the irony of criminals fleeing bitcoin for cash would be hilarious.
looking forward to flipping Gresham's Law on its head; good money drives out bad. |
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we're getting close.
the stars are aligning.
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Or is bitcoin simply bringing to light corruption that is already there. I believe it is the later.
yes, it has to be. when one reads the documents carefully, it's clear that the brazenness with which these guys operated implied a certain level of comfort, familiarity, and hubris with the process that repeated itself numerous times during those months. |
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this sounds generally positive: "Regarding FATF’s proposal, she said: "In a way the organisation is supportive of bitcoin businesses and them not being denied bank accounts. I think that there is also concern that by denying [bank accounts to] whole industries or sectors of industries there is the unintended consequence of driving the money transmission systems underground." http://bitcoinvox.com/article/1581/fatf-proposed-new-aml-guidelines |
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most ppl still have not caught onto the idea that Bitcoin is fundamentally about honesty and hope... ... the fact that bitcoin is used mainly to commit various flavors of crime? ... ... you have zero evidence for this shameful lie. You are just a propaganda shill for stupidly repeating it, calling it a "fact" makes you a prime AH. Bitcoin is used no more, but probably less to "commit crime" than fiat currencies as a percentage of total bitcoin usage. In terms of total overall usage, cash USD by many orders of magnitude has the largest volume in criminal activity. surely you are not talking about these pallet fulls of Bitcoin. are you?:  |
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Although trading has not begun for the fund, there are already several pending orders, Sonnenshein said, with the lowest bid at $20 and the highest topping $35. The latter offer would value a bitcoin at more than $350. The cryptocurrency traded around $244 Monday afternoon.
"That's a pretty meaningful premium," Silbert said, explaining that the business model calls for the share price to eventually come closer to reflecting the trading price of bitcoin. For now, however, he said he expects that investors will be willing to pay some premium for BIT shares because it offers them ease of use and storage. http://www.cnbc.com/id/102549768
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most ppl still have not caught onto the idea that Bitcoin is fundamentally about honesty and hope... Could that have anything to do with the fact that bitcoin is used mainly to commit various flavors of crime? I mean, Bitcoin Foundation's Vice Chairman is doing time for money laundering  you're confounding the dishonest users of Bitcoin from the protocol itself which cannot be exploited to alter it's preprogrammed supply unlike we have now with fiat. |
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if the Transports drop below the SL line, look the hell out, as in confirmation of the non-confirmation:  |
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May be an April fools joke. Can't tell yet:. It may be a joke and he may not believe it, but in the era of austerity, NIRP, unemployment and fighting against the interests of powerful institutions, it is a pretty powerful statement. ... joke's on them when you know they actually would be better off going with bitcoin but are so stupid they still treat it like a joke. Long way to go ... "then they laugh at you" most ppl still have not caught onto the idea that Bitcoin is fundamentally about honesty and hope. the last couple of days worth of SR reading surely should highlight how deep the corruption runs into our gvt agencies that were supposed to help and protect the public good. they have morphed into just the opposite; a threat feeding off the free money and the masses. this is why the inflation/deflation debate is a non-starter. the current inflationary system is corrupt and serves a small financial elite who control the money supply or who are in important authoritarian positions as were the 2 agents. those of us early Bitcoin adopters are not demanding a new system that allows us to replace those corrupt individuals; all we want is a fair system. what we've done is also put our money where our mouths are; into a risky new currency that introduces a level playing field for all involved. it could just as easily fail. but at this pt i think it is highly unlikely given how far we've come. the cat is out of the bag and Bitcoin is stimulating concerned discussions in all gvts worldwide. there is enough decentralization at this pt where no one gvt can shut it down. the corruption has got to stop. |
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May be an April fools joke. Can't tell yet:. |
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