Shasky is smart to maintain her composure from within her group's purview. (thankfully, she's quite levelheaded)
Shaskey is the 2nd smartest person in the room (behind Ms Satoshi) |
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You don't and you can't Ms. Heitkamp
Senetor Heitkamp: "How do you ring up a pie on a cash register?" (Between the lines "I want a piece of that pie!!") |
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The bank guy seems kind of worthless. Maybe there to defend the status quo?
Cotner bank guy wants to "protect" us. Chilling thought. Keep your consumer protections in your pants mister. |
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Senator asks about CFTC (commodity futures trading regulator). This will start to matter when the Winkle ETF starts up. Is Bitcoin a security? No, but the Second market fund is. OCC = Office of Currency Comptroller: http://www.occ.gov/NCUA = National Credit Union Assoc |
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We really need to come up with a drinking game for these things...
Awesome idea! Take a shot for "terrorism", "laundering" Take two shots for "ripple" For Ripple, you have to drink.... ripple. http://www.youtube.com/watch?v=ciR7Fq2tqJ0 |
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What is the source for this art? |
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yep. and don't forget they already own the top address. that's a good start despite the way they obtained it was kinda scummy.
nonetheless, at the very least, i think they have gone neutral. a hands off approach is just as good as an embrace right now. that could come later.
Scummy to bring the violence back to the drug war? Scummy to sit by and watch as their perp allegedly put a hit on someone, knowing that he is just making more bitcoin for ol' uncle Sam the longer they let him keep it going, and then wait until he receives travel documents to enable him to leave the jurisdiction before they collar him? Scummy is faint praise, it was calculatingly ruthless, worthy of the godfather of the worlds biggest protection racket. Pure police poetry. They laughed all the way to the treasury on that one. |
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I am an american. Deliberately not capitalised. I did NOT vote for Obama. Nor his "rival". If he had not been deliberately shut out, I would not have voted for Ron Paul either, even though I think he's the closest thing to a good man in politics.
...
I wrote in Elizabeth Warren in the last election. Hopefully I'll have the chance to use a convenient mark in the next one. Satoshi, the write-in candidate for 2016 |
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Don't have time for the 3hr hearing? Here it is in 2 lines:
Senate to regulators: What's up with digital currency, you guys need any laws?
Regulators and Law Enforcement reply: Nah, we are good. Didn't you hear about eGold, Liberty Reserve, Silk road and all our child porn busts? We got this.
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I agree this price cannot be sustained. No level headed investor is going to buy in at the top of a huge rally like this. Investing 101 says buy low and sell high, and most investors realize this. They are not going to continue to dump money into it on a huge upswing like this. It has gone up way too high & too fast to be sustained.
I would be very surprised not to see a flash crash down to the $300-$400 range this week. I expect this to happen any moment now. You can already see the market adjusting, but I doubt it will stop at $560. Even at $560 it's gone up too high & too fast to be sustained. Sorry bulls, but Bitcoin is not ready to be steady at >$550 just yet. This is just the middle of yet another bubble... this is not the first and it will not be the last.
/speculation
Keep in mind there are OTC folks wanting to pay a lot more than gox. There were some US$1200 sales in the last 24hours. Localbitcoin is may hit gold parity today. http://bitcoincharts.com/charts/localbtcUSD#rg1zig5-minztgSzm1g10zm2g25zvzli was feeling like shaking the monkeys out da trees this morning..looks like a better footing now!  *you talking LA prices ..i'm in Pasadena ~=) Yeah, a guy last week wanted 5000 coins OTC. There was a 1000 coin buyer today. Get outta the house, I can't fill those orders. Fast coins are worth more than cheap coins. Exchange coins are slow coins. How long does it take to move money to the exchange, and how many % have you lost in that time in the current market environment... 100%? Big premium on OTC. ya we should talk...There are some major developments going on around here with bitcoin! ~ Pacific exchange? hmmmm  *blessed! Yes, we should. We can get together with Travis, CEO of CoinMKT.com, in Santa Monica. He brings in some of the beluga whales. There are a few other folks I know with many many K's of coins in town too, but some of them are.... anonymous. I'm a minnow by comparison, they just like to hang out with smart people that can speak their language so they tolerate me. |
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I agree this price cannot be sustained. No level headed investor is going to buy in at the top of a huge rally like this. Investing 101 says buy low and sell high, and most investors realize this. They are not going to continue to dump money into it on a huge upswing like this. It has gone up way too high & too fast to be sustained.
I would be very surprised not to see a flash crash down to the $300-$400 range this week. I expect this to happen any moment now. You can already see the market adjusting, but I doubt it will stop at $560. Even at $560 it's gone up too high & too fast to be sustained. Sorry bulls, but Bitcoin is not ready to be steady at >$550 just yet. This is just the middle of yet another bubble... this is not the first and it will not be the last.
/speculation
Keep in mind there are OTC folks wanting to pay a lot more than gox. There were some US$1200 sales in the last 24hours. Localbitcoin is may hit gold parity today. http://bitcoincharts.com/charts/localbtcUSD#rg1zig5-minztgSzm1g10zm2g25zvzli was feeling like shaking the monkeys out da trees this morning..looks like a better footing now! *you talking LA prices ..i'm in Pasadena ~=) Yeah, a guy last week wanted 5000 coins OTC. There was a 1000 coin buyer today. Get outta the house, I can't fill those orders. Fast coins are worth more than cheap coins. Exchange coins are slow coins. How long does it take to move money to the exchange, and how many % have you lost in that time in the current market environment... 100%? Big premium on OTC. |
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Not suggesting any conspiracy - just that there's a community of interest amongst players with big holdings that see small fry - like me - as prey. I can't personally see that as being much of any change from the way the current "system" runs.
Current system: Whales exist, they try to prey on you, when they fail you are forced to bail them out. Bitcoin system: Whales exist, they try to prey on you. Quoted for Truth |
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Has anyone tried exploiting the difference between the USD exchanges en the chinese exchange? Moving your coins over there, selling and then waiting until it drops to buy back in... Then moving back. Does anyone daytrade on there?
Arbitrage doesn't work this way. You can wait indefinitely for the price to crash to the other exchanges level. So its even higher risk and you end up with less USD equivalent when you return back to US exchanges. Those aren't money laundering. Bitcoin is too tiny to launder money. Bitcoin is just a baby, and it is out in the open, exposed. I know the folks that launder money, they don't use bitcoin. They use Chase, HSBC, BofA, UBS. You are right they pay a vig. US$1.9Billion to uncle sam on $670B, the top dog in the protection racket paid by HSBC http://www.reuters.com/article/2012/12/11/us-hsbc-probe-idUSBRE8BA05M2012121113Billion paid by Chase today. (they set aside 23Billion just for their lawyers to keep them all out of jail) Bitcoin is peanuts to the money laundering folks, not worth their time. They pay fines bigger than bitcoin's entire M1 Money laundering happens behind closed doors, not on a public internet block chain that doesn't even need to be subpeona'd and can't fit in a paper shredder. The Money laundering bugaboo is a big lie. |
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I love that you are buying bitcoin with cigars. Simple genius.  |
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I agree this price cannot be sustained. No level headed investor is going to buy in at the top of a huge rally like this. Investing 101 says buy low and sell high, and most investors realize this. They are not going to continue to dump money into it on a huge upswing like this. It has gone up way too high & too fast to be sustained.
I would be very surprised not to see a flash crash down to the $300-$400 range this week. I expect this to happen any moment now. You can already see the market adjusting, but I doubt it will stop at $560. Even at $560 it's gone up too high & too fast to be sustained. Sorry bulls, but Bitcoin is not ready to be steady at >$550 just yet. This is just the middle of yet another bubble... this is not the first and it will not be the last.
/speculation
Keep in mind there are OTC folks wanting to pay a lot more than gox. There were some US$1200 sales in the last 24hours. Localbitcoin is may hit gold parity today. http://bitcoincharts.com/charts/localbtcUSD#rg1zig5-minztgSzm1g10zm2g25zvzl |
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Ready to go lower anyone?  Charts look like the trend is somehow in the other direction as yesterday/week.  ZOMG, glad my bitcoinreminder woke me up. Hope the west coasters are awake somehow. edit: Not that anyone should care, but my charts say this (595) is just the dead cat bounce... yuck, guts. Get new charts, and a sextent. And a first mate. |
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Surprised people are selling.
It seems to me that all the craziness of yesterday was fueled only by money already on the exchanges (excluding China). The hearing didn't end til ~6 PM EST so no one could transfer to the exchanges.
Yes, there are some very large buyers who are just now coming into bitcoin for the first time. In the US, the FEC ruling (US politicians can accept bitcoin donations) The senate hearings (US regulators and law enforcement call bitcoin legitimate, innovative, and don't need new laws) This unlocks some serious US players. China front runs these guys, but there is bigger coming. We've not seen it yet. |
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Currently USGovt is holding some 180K bitcoin from just silk road? That's more than the Winklevoss ETF. |
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