Ian Grigg is working with R3 banking consortium (with Mike Hearn, etc) ... full guns blazing that Wright is Satoshi. Has R3 given money to Wright? "So if I am doing a trade with some counterparty, I will be able to check the provenance of that person very clearly because that's what the technology provides; it provides information about who that person is and if we have appropriate systems in place we can get good information on who that person is.
"So it may not need to be a fully controlled walled garden if I trust the source of the information that's coming from the other side. That becomes interesting if you have got, for example, a consortium of banks, or a consortium of companies working together, you can't really do appropriate due diligence on everybody. You'll always know that you are talking to somebody on the other side of the world so you need the information on that person.
"It's not getting into the chain that's the issue, it's finding out who you are talking to. Once you have that, you have the ability to layer different industries together on the same fabric, if you like, and you don't have to worry too much about KYC and AML on the entry point; you do it on the trade point. So there are a range of options here." |
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My indiegogo order arrived in Australia this morning!
Is that you Craig? |
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So he should just move to a country which has no tax agreements with Australia. It would be way less trouble than to set up all this mess. .... assumption being that he set up this mess. He's opening up lots of doors for the govvy boyz to get inside bitcoin every step of the way, ATO especially so far, making it almost too easy for them. |
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Little know HLoDers fact, the coinbase address for Block #2, yes the second spendable bitcoin key ever created has the address 1 HLoD9E4SDFFPDiYfNYnkBLQ85Y51J3Zb1 HLoDlet that sink in, are we really in a time loop here? edit: second not first key. |
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He wants to raise money from other people (by convincing them he is satoshi) to settle his tax dispute, apparently ... he can't sell his coins because they (him and Kleiman) locked them up in a Seychelles trust.
The tax dispute stemmed from him claiming tens of million of dollars in R&D tax credits (note not avoiding unpaid taxes) by claiming to transfer notional amounts of bitcoins in the tens of millions between companies that he owns, i.e. the transfers were not done on the blockchain but just by producing a document that said Company B now has private keys that Company A once held.
... and that's the tl;dr.
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Why ? Because wealthy people will seek safe heavens more than ever and Bitcoin welcomes them as a reliable choice.
What do you think ?
Yes, long term it is bullish but how long that long term is depends on the development pace of tools to make handling (storage/transacting) bitcoins privately and securely convenient. The technically-competent wealthy are probably mostly already exposed to bitcoin but there is definitely still a lot of 'dumb' money who feel quite uncomfortable at the thought of having the power to be their own bank with a digital currency (yet will happily hand over millions to Panamanian lawyers because of a recommendation from a wealthy friend "'cause there are hundreds who are already doing it"). Bitcoin management tools need to reach that tipping point in the convenience stakes whereby a herd of wealthy people will happily take control of their own wealth and exit the fiat system "'cause there are hundreds who are already doing it". When that happens wealthy people will most definitely seek safe haven in bitcoin, in my opinion private wealth management represents the premiere use case in the long term. In the short to medium term, cross border transactions, niche internet commerce innovations, currency trading speculative activity and other weird/wonderful things you can only do with a digital money data type will drive interest. |
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until new blood shows up to kick ass and take names.
shithead miners trying to centralise through anti-competitive pricing will get what's coming to them, they pissed off the wrong guys. bitstamp is open for business.
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Seems we need to call in the exterminators tho ... the stench of parasites is strong here  Indeed. Except mat is just another of the parasites competing for a free lunch ... he's like one of those squiggly little round worms that you sometimes in the stool of children, and he's complaining because the tapeworms are strangling him to death. Now if he and the rest of the parasites actually tried to contribute to bitcoin instead of gratuitous blood-sucking that might graduate to symbiotic level status. |
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Who were the dumb-asses selling at 435? ... seemed contrived all that panic selling in one day after weeks of steady rises and now back to regular scheduled programming.
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 poor kids ... happy to be the fiat bag holders. Everybody can be a billionaire in Fiatlandia! |
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Interesting, the last few pages have been regulars responding to trolls -- wonderful. Did we get that all out of our systems? I hope. i guess it boils down to some news is better than no news. Carry on, yo!
When trolls feel the urge to troll, it's usually a bullish sign. After having spent quite some time here, I now think that TA actually stands for Troll Analysis. yes, trolls are nasty bottom feeders ... you can smell the crap on their breath ... trolling time is buying time. |
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I wonder.. what will be the next unicorn for bitcoiners after the halving...
You again. Why are you here? How many unicorn horns have you got stuck through your pumpkinhead already? ... |
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I have an idea:
Put up an advert with clickbait headline "2500$ for your idea" on a bitcoin forum and wait to see what it brings in? Can I haz my 2500$ in bitcoin now?
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marcus_of_augustus, what do you think about the latest investors in Barry Silbert’s DCG (WU and others) ?
I'm still digesting this news ... intentionally slowly. It is one of those moves that could have long term implications ... Larry (gold-trashing) Summers and Gavin Andresen getting in bed together just gives me the shivers as a first impression but it needs some pondering. WU is just having a "me too" moment, I don't think they can gain anything from this in terms of materially changing their current technology infrastructure ... just street cred to be not seen as being left behind by their investors/owners. |
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I am claiming that the halving is already at least partially priced in.
This. It's a sliding scale. As we near halving, the halving becomes more priced in. There won't be an instant price jump the moment the halving occurs. This. Is. What. Is. The halving will be priced in on the day of the halving, not today. But on the day after the halving the material effect of the halving will be begin to be felt, and then that will be 'priced in'. 6 months after the halving the effect of 180,000 coins not coming to market will be then priced in also. |
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time to #rekt some idiot chinese miners who think it is cool to short their own product ...
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WTFs going on on Bitstamp ?  holy crap. that does not look like a healthy market at all. Bear swamp going to implode spectacularly? Maybe they are finally ridding themselves of the bad actors and this was them throwing the toys out of the cot ragequitting bear swamp? |
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