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If you think about it, governments/central banks crackdown actually helps Bitcoin business.
Now the early adopters with plenty of coins can not just cash out big on the exchanges and withdraw the fiats(even if they manage to pull it off they will probably face taxation problems), what option is left? Buying things with bitcoins! It would be way more difficult for government agencies to go after the thousands of businesses which will only redeem a dozen or so coins a time.
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我就是要用网店买卖5000块一张的明信片，有人知道我私下里转手的是BTC么？  |
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I've heard a saying about when someone starts believing his company's marketing. "Smoking your own exhaust" Stupefied to find a financial engineer ignorant about escrowing. Seriously, I have heard enough of that same bullshit, customers must be protected(read: spoiled) with the right to call back a transaction whenever they want blahblahblah, Chinese people have never had a proper credit card system, yet their online C2C industry alone creates 20 million jobs and processing trillions each year, upon a payment system designed around escrowing. In fact, chargeback spares not only fraudulent buyers but fraudulent sellers as well(those it is designed to punish), because it makes seller fraud indistinguishable from buyer fraud. |
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Seems that Loaded's purchase indeed works, Chinese price has been climbing. But won't he have to sell on his return to turn a profit, or will he hodl? Whales don't move coins to arbitrage, if they want to sell they will do immediately after the purchase is done, otherwise other big whales can one-up you and crash the market, especially if you made the whole deal public. |
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Seems that Loaded's purchase indeed works, Chinese price has been climbing. |
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Someone please produce a news article with this sensational title :" The Bitcoin creator's $ 1 billion hidden reward to those who break NSA's super secret algorithm".
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So because the price is up all the bulls come out?
Real investors don't give shit about what others have to say, but they usually brag once in a while. |
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The way I see it is that there are the big players, who can individually move the price to wherever they want, and the rest of the market that can collectively move it, but not where any individual wants it. But if any of the big guys does something that the majority of the market disagrees with, or any one of the other big players, they get burned...
Big guys hardly ever agree with each other as well, what Loaded called "whale eating"... |
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Maybe Loaded just got back with his cheap coins and wants some bucks back. He must play both ways, after all. You can't blame him for needing a little cash back - it ain't all his own money.... EDIT - everyone was asking 'how do you arb China'? Answer - take a plane full of USD over  He has said it's not him, but one of his clients is eager to buy. Also he has been careful to not panic the market(at least that's what he said), so he just facilitates trade between his customers, and I guess charge transaction fees. And yes, this market is prone to manipulation, but anyone here who thinks the posters on this thread are relevant enough to make Loaded keep coming back and playing tricks is clearly delusional. |
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Dead/dying now. Going to sleep for 15 hours. Expect some upside IF I had any successful.
Yes, I did specifically have to request a normal toilet in a five star hotel suite. They put it in the bathroom away from where I'm sleeping. I ruined a thousand dollar suit the last time I had to use one of those.
You must have been a frequent traveler to China, otherwise how could you get a visa so quickly? |
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走上BTC这条船，那就是立志做空全世界的现状，与全世界的利益集团为敌，专制的，民主的......还有什么好抱怨的？
说真的，能看到它走到这么大，很满足了，如今已经能用gyft以比店面价低3％的价格海淘亚马逊，就算是一分钱没赚也该高兴啊，赚那么多钱，锦上添花而已啦。
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finally got around to finding it:
Thanks. You should've had way more upvotes. miscreanity,
is it time yet?:
If you hold dividend-paying stocks for the long-term, the price doesn't matter very much. If you trade for a living, price is all that matters. Either way, there's some level of exposure to the cannibalistic system. So I don't care  A few months ago, I suggested that the USD$1k level might be the point where war would be declared on Bitcoin. It's starting to look like it has been. Both banks and gov't will protect their routes to conquest -- Bitcoin is finally being seen as a legitimate threat to their highly controlled regime of fiat and gold. Those plans will not endure intact, but having been laid down over decades there is a lot of interest in preserving those investments in time and resources. I think it maybe quite the opposite:the fact that the banks and gov't resort to fight a dorky online interwebz currency with regulatory means, rather than allowing the investors to make decisions for themselves, shows how unconfident they are with those "investments" themselves. Smart investors will take note and start exiting. |
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1. You need to be clear that it's all the bitcoins that have been minted.
2. It maybe news to some, but U.S gov actually controls more gold than all of their citizens' combined.
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Sooner or later the system called government is not going to make the cut, better start researching right now.
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I wondered myself ... a lambo?
LOL. It has to be the most useless thing I can think of to spend money on! For some reason, it seems to fit Goat! (I mean that in a good way Goat, someone has to have all the fun!) If I had that kind of money, I would probably buy a tractor and some nice tools! That way I can uhh... work better.  it was a PR stunt for BTC. if people are like well, i can use BTC for Lambos maybe this is something i should look into. yes, we got yellow cuz btc, yes it is not practical at all esp as i wont even be in the country (most of the time) it is located in. this wont fit on a plane to thailand. lol If you are into PR stunts, I have one for you! Although, it's not for the faint of heart! 1. Publicly announce your bitcoin address along with proof of ownership. 2. Get arrested for some high profile crime where you are required to pay fines of an amount that is impossible with your non-bitcoin assets. 3. Don't pay, go to jail. 4. Wait (be a good prisoner). 5. Get out of jail. 6. Publicly announce your bitcoin address (unchanged) along with proof of ownership. I think DPR had the opportunity to pull this off, but failed miserably for whatever reason. LOL I think the 5m BTC wrench will change step #6 Yes, you must be very strong willed to pull this off. In no way do I endorse drug trading, but in certain ways the bad guys are doing good for us all. One of my teachers often use the analogy that the bad guys are like the insurance fee we paid, they go out there to pull off the most bold, brazen, and reckless endeavors possible, employing the same kind of protection we use, if it's proven that they don't get busted in the end, then those of us who are not as reckless can be sure that the same kind of protection mechanism must be safe for us too. |
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Yeah, those god-damn activists on the street are certainly going to kill the stability of the nation blahblahblah, how many times have I heard that? Sounds like an argument Chinese communist party routinely employs.
The technology is out there in the field, if you don't learn and evolve, you will get killed regardless, the bad guys will get there in warp speed, why don't you just learn and evolve then? Not because you are too fat and lazy I hope?
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The platinum trillion dollar coin would sound a lot more impressive.  |
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You thought you have money on your Paypal account? You don't, all you have is numbers, they can freely decide to freeze your funds, all you can do afterwards is to plead them again and again. Also, it's important to point out, that Paypal personal account is beyond the reach of citizens of certain developed nations(like Japan) see here: http://en.wikipedia.org/wiki/Paypal#Japan , Paypal division in China is also forced to operate in a separate network, in short, all these services branded collectively as Paypal hardly interact with each other, unlike the seamless payment network that is Bitcoin, the purported global accesibility of Paypal is just an illusion. Finally, Paypal doesn't even offer an escrowing service! Shocking, isn't it? |
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As long as you are allowed to sell $500 postcards or lousy artifacts(pretty much the same as the survival of market economy), you can't stop people selling bitcoins.
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It can be done, you just need to be a bit tech-savvy, e.g., see the part (1) of this: https://bitcointalk.org/index.php?topic=66862.0; . The seller should be asked to put his part of the private key on the outside of his package, in the form of, say, a QR code, and have it delivered to the buyer, the buyer will scan the QR code and verify that it indeed multiplies with his own key to create the correct private key, then he will sign the package, otherwise he will refuse it. What is needed, though, is a phone app that can do all this automatically so that the postman won't have to wait for too long. |
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