Speaking of manipulation, did you guys hear the one about the country that supposedly more than doubled it's GDP output in a single quarter? Har har I mean just look at all that economic growth, it's out of control! https://fred.stlouisfed.org/series/M2V |
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How long has vorhees not been a bitcoin fan? Is Vorhees bcash? I’m confused. This was back last year pre-HF, when Erik was a big blocker fan and was skeptical of SW and LN. Today, not so much. And I think he's fallen out with Roger Ver now because of Roger's constant insistence that BCash "is Bitcoin." |
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https://www.rollingstone.com/culture/culture-features/brock-pierce-hippie-king-of-cryptocurrency-700213/And with that, Pierce takes a hit of rapé, lets it wash over him, then leaps up and leads his entourage into the streets of San Juan, where he will walk around like the living embodiment of decentralized blockchain technology: jumping from node to node, making bold promises about the future of money, the Internet and humanity – and leaving most everyone in his wake inspired, confused and hoping that this dream will come true. Yep, read the whole article. His heart might be in the right place, but a man-child pied piper running around snorting weed and yelling "blockchain is the future!" and encouraging aimless millennials to create even more shitcoin ICOs with zero plan for profitability has massive Dot Com-era failure written all over it. No, it's not "different this time."  His laid back, hands-off approach will surely give him an easy out when it all collapses or at least goes nowhere. When the smoke clears, all that will be left is a bunch of smart hippies living in Puerto Rico, as broke and as poor as the people they are there to reportedly save. Meanwhile Brock will just shrug, hop a private jet, and head back to Europe. |
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I just think it’s kinda cute how most of the Republican administration seems to be in bed with Russia. Quite literally.
It’s also fun to point out how many right wingers are traitors, prepared to sell democracy down the river for a few bucks.
I know right? It's like you can just feel the anger and tension in these photos, it's so palpable :    |
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Literally who gives a shit. Point me to one person in the world who gives a public shit about some random spy that got caught doing spy shit.
------------------------------------------>>>> HairyMaclairy |
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From https://www.sec.gov/news/public-statement/peirce-dissent-34-83723By precluding approval of cryptocurrency-based ETPs for the foreseeable future, the Commission is engaging in merit regulation. Bitcoin is a new phenomenon, and its long-term viability is uncertain. It may succeed; it may fail. The Commission, however, is not well positioned to assess the likelihood of either outcome, for bitcoin or any other asset. Many investors have expressed an interest in gaining exposure to bitcoin, and a subset of these investors would prefer to gain exposure without owning bitcoin directly. An ETP based on bitcoin would offer investors indirect exposure to bitcoin through a product that trades on a regulated securities market and in a manner that eliminates some of the frictions and worries of buying and holding bitcoin directly. If we were to approve the ETP at issue here, investors could choose whether to buy it or avoid it. The Commission’s action today deprives investors of this choice. I reject the role of gatekeeper of innovation—a role very different from (and, indeed, inconsistent with) our mission of protecting investors, fostering capital formation, and facilitating fair, orderly, and efficient markets. Accordingly, I dissent.
Hester M. Peirce, Commissioner Well that... that is the fucking issue right there, isn't it. Just buy the fucking coins directly, investors! Sheesh, what is the problem? Coinbase and Gemini are offering custodial services for this very reason. Just buy the goddamn coins and be done with it. Oh... but you say you can't run derivatives against it and leverage up to the moon? You can't loan your shares out as collateral for other investments? Well too fkn bad. Buy the coins! |
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Also, I think perhaps you might be stuck in an unhelpful mindset. You think that the gamble I spoke of earlier was a bad one to make. Let's concede for the sake of argument that it was. Perhaps if that was true than bcash would have been meritorious at the time. However, now that we have evidence showing that the gamble is paying off, is it wise to financially back bcash on the grounds that it made sense at the time? Perhaps it is time to reconsider your allegiance to a project that may have made sense at the time but in light of new evidence no longer does.
Bbut... but Anon, it's like when you want a car engine to 'scale' to higher horsepower and speed, the most straightforward way is to simply add more cylinders! V32 engines for everyone so we can get places faster, amiright? /s |
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23andMe : The next Theranos story. |
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Imagine how crazy that would have sounded not even that many years hence. In the near future, central banks and hedge funds will me reliant on a social media app where people share pictures of food and cats. Nobody would have believed it.
Yeah true. The best part is that the ignorant public believes that this is how these social media companies actually make money.... with memes, cat pics and grandmas baked goods. Not even close. They make 99.9% of the money from selling user data to other companies, who then use that data to target ad campaigns, email and telemarketing.... and sell to govt agencies to spy on us. So when a social media company like Facebook essentially tells their investors that they have stopped growing more user accounts, the investors dump the stock. Because they are not going to pay the same subscriber money to FB for access to the *exact same user account data* as they paid for last year, and the year before that, and so on. They already have that data. |
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I mean, I thought he had entirely restricted stock, which meant it could only be sold/bought within a designated trading window every quarter.
The implication I get from the article is that he's dumping outside the trading windows (unless I'm reading too deep into it), and that's why I'm confused.
Zuckerberg isn't personally dumping. It's the central banks and hedge funds that are dumping. They all have their wagons hitched to FB. |
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The whole U.S. stock market is just insane. They keep lying to the public quarter after quarter, year after year that everything is great, the economy is getting better and better, and profits are up YoY. If anyone believes this nonsense, they need their head examined. Just one look at this chart proves that nothing has improved with the U.S. economy in the last decade, it has actually cratered. Companies only profit when money moves. https://fred.stlouisfed.org/series/M2V |
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Remember ladies and gentlemen, these types of stories only come out AFTER the big boys have invested.
I suspect Mike Novogratz is talking his book. He said in December that he wasn't interested in bitcoin - that was a sign he was shorting. Now he's announced that it's bottomed out - that's a sign he bought in around $6300.
Ditto stuff coming out from the likes of Soros. When they're slamming it, it means they're short. When they suddenly turn around and praise bitcoin, that means they've gone long and are trying to encourage the general public to get in, to force the price up.
This. |
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Did it have an effect on Bitcoin
Facebook plunges 24% as of Wednesday
Is this a shitcoin chart?  Nope. Just Facebook Gotta love the sweet sweet sound of Central Bankers dumping and going short on the very shares they've been propping up for so many years now. What a coincidence that they did it after hours, eh? |
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In the interest of full disclosure, it should be admitted that I have not contributed code to any cryptocurrency project.
And neither have the incompetent BCash devs. So why don't you take your "response to the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions blah blah blah" and shove it up your arse. |
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I don't really have an opinion on them. But I think it's hilarious that SALT was already doing this business model and for much longer, and then this company comes along and gets huge funding just like that. Lol. One of the many reasons I never invested in SALT (mainly because I believe all ICOs are shit) is that I *knew* that the crypto loan collateral space would eventually get saturated very quickly, with lots of competition. And it looks like there are already quite a number of them, with more on the way. Glad I didn't, as SALT's token price is in the shitter. https://coinmarketcap.com/currencies/salt/#charts |
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Honestly this feels like the beginnings of just another big bull trap to me. You can tell by all the bullish shill posting on /r/bitcoin right now.
The SEC is likely to deny or at least delay a ruling on an ETF in August. And they'll likely be another big short/sell off on the news.
Smells exactly like when the WinkleVii COIN ETF got denied in March 2017. Crashed from $1300 all the way back down to $800-ish.
Of course it won't be the end of the story, just another setback.
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