Nope... it's just CCMFing at a constant speed... See for yourself!  |
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 CCMF! w00t! Young Bitcoin, let yee value not be judged by the colour of your candles, but by the number of your trains. CC2DAM00NMF! w00t! |
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Come on already with that fekken regulation sh*t. The girls are waiting! Let's...CCMF!!!!!1 What's CCMF? Centralised Control and Monitoring Function Consolidated Collection Management Facility Community Concerns for the Medically Fragile Core component measuring fixture Copenhagen Chamber Music Festival Correctional Care Medical Facility OR  |
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Bitcoin may not be a Ponzi schema itself, but her is how you could run a Ponzi schema with bitcoin:
1, open an exchange.
2. Post yourself a bid at 10% over market price, say 1100$ instead of 1000$.
3. First client rushes in, sells 1 BTC. You credit his account with 1100$, warn him that withdrawal may take a couple weeks.
4. You sell that BTC at another exchange for 1000$.
5. Second client comes and sells 2 BTC. You credit him 2200$ and warn of delays.
6. You sell those two BTC for 2000$, now you have 3000$
7. You pay the first client 1100$, still have 1900$ left.
8. Third client comes in, sells 4 BTC, ...
You guess the rest. Like any Ponzi, it works while the clientele keeps expanding (but you may have to increase the spread, say 20%). Eventually you run pout of fresh clients and the thing collapses.
Which reminds me of an exchange faar faaar awaaaay....  |
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Yep. I've managed to make a USB stick off it. I have started with the original wim file and finally added several stuff (BitcoinQT, TotalCommander, Portable Office to name a few). What I'm considering now is how to make it smaller (removing several obsolete stuff) and make it more secure (Torrify it and such) in order for someone to be able to make a "cold wallet" off it on the 1st boot. My life is more than busy this time of year though, and I haven't been able to mess with it the last 10 days or so... Sorry for the delay; I'm willing to share when its ready (if it'll ever be that is...)  |
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Come on already with that fekken regulation sh*t. The girls are waiting!Let's...CCMF!!!!!1
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Get your tinfoil hats on! Whomever is manipulating the price to keep it in this narrow range is going to run out of bitcoins eventually ;-) I hear bitcoin days destroyed is goin crazy so maybe it's some of the early adopters at work... trying to keep the financial apocalypse at bay for just a little while longer... Close but not quiet there. So Winterflosss' have how many BTC? How about the SecondMarket (think i remember BTC70K been throwing around). That's a lot of BTC. At the meeting IIRC someone from the panel asked where they get their BTC, answer was muffled early adopters and other sources. I doubt early adopters are business people and what price do you offer them? If it was me to entice i'd offer some % on top of current exchange rate who would pass that up? And dump say 10% of the acquired BTC on the market. 70k bought, 7k BTC are dumped on market to guarantee the lower buying price. Small price to pay so you get as many coins and hold it from CCMFing. It'll continue as long as they'll be major trades off the market while relying on the exchange rates (what else would you use). Edit: and for early adopter why sell on exchange and loose on slippage when you can sell for a premium and without slippage Hmm... The FBI now controls more than 144,000 bitcoins that reside at a bitcoin address that consolidates much of the seized Silk Road bitcoins. Those 144,000 bitcoins are worth close to $100 million at Tuesday’s exchange rates. Another address, containing Silk Road funds seized earlier by the FBI, contains nearly 30,000 bitcoins ($20 million).
That doesn’t make the FBI the world’s largest bitcoin holder. This honor is thought to belong to bitcoin’s shadowy inventor Satoshi Nakamoto, who is estimated to have mined 1 million bitcoins in the currency’s early days. His stash is spread across many wallets. But it does put the federal agency ahead of the Cameron and Tyler Winklevoss, who in July said that they’d cornered about 1 percent of all bitcoins (there are 12 million bitcoins in circulation). http://www.wired.com/wiredenterprise/2013/12/fbi_wallet/ |
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Happy Chinese New Year. Wonder where the horse will take us, but I am very tempted to go all in at this time.
I think I might wait for the year of the Goat  I'm so waiting for this. I'm going to have to host a massive party somewhere  bitcoin island comes to mind... Best place evar! as I'm the local tyrant! I'm gonna nominate for your PM. Free BTCooze for everyone. Yeah! |
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Proudhon
A Legend CONFIRMED(TM)
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In case you missed this: Coinbase and Mint Announce First Bitcoin Personal Finance Integration
Jan 30th, 2014
Today we’re excited to announce a new partnership with Mint, the leading personal finance app from Intuit Inc. Now Mint users will be able to view their digital bitcoin transactions processed by Coinbase alongside their traditional financial accounts.
image
As you may know, Mint provides personalized financial insights to 14 million users and links users to more than 20,000 different banks, credit cards, loan and investment accounts, allowing them to view their financial statements in one place.
This partnership marks a milestone in the ongoing evolution of bitcoin as Mint becomes the first personal finance and money management tool enabling users to view their bitcoin transactions. We’re proud to serve as Mint’s official wallet for these bitcoin transactions and look forward to seeing continued adoption of bitcoin. http://blog.coinbase.com/post/75043129266/coinbase-and-mint-announce-first-bitcoin-personalI somehow did miss this! Thanks mac! I'll have to check this out. Trust me for CCMF stuff (strictly)...  |
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In case you missed this: Coinbase and Mint Announce First Bitcoin Personal Finance Integration
Jan 30th, 2014
Today we’re excited to announce a new partnership with Mint, the leading personal finance app from Intuit Inc. Now Mint users will be able to view their digital bitcoin transactions processed by Coinbase alongside their traditional financial accounts.
image
As you may know, Mint provides personalized financial insights to 14 million users and links users to more than 20,000 different banks, credit cards, loan and investment accounts, allowing them to view their financial statements in one place.
This partnership marks a milestone in the ongoing evolution of bitcoin as Mint becomes the first personal finance and money management tool enabling users to view their bitcoin transactions. We’re proud to serve as Mint’s official wallet for these bitcoin transactions and look forward to seeing continued adoption of bitcoin. http://blog.coinbase.com/post/75043129266/coinbase-and-mint-announce-first-bitcoin-personal |
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I expect the regulation will not be ideal, but will be tolerable. It will be enough to get the ETF, an exchange, and a bank or two on board.
And over all, thats a win.
I'll sleep on it. Goodnight from Greece. |
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Who invited those panelists? It's like having a meteorology panel with a couple of rain-dancing indians on it. Still reeling from the claim that coinbase is undercapitalized. They clearly don't understand CB's business model. They take almost no risk and charge me 1% fee in both directions. Got to be just raking in money.
Regulators did. They hoped they had a "global" view on the matter. Hope they got it. |
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It was a great hearing. Leading to a great gearing. CCMF stuff. Let's see if the US can regulate properly this thing. What I'm expecting is a middle-side regulation much like the German part ie: transactions btc->btc and HOLDERS no fee at all, if fiat is involved, a fee has to be paid for taxes. Let's see.
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All the panel needs now is a DOGE fan. Then they all will go "wow" "so much money" "such woof". |
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 she really is a ripple fan She's definitely a HODLER... |
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Yes, volatility has to be manipulated. FED can do it! Give all your bitcoins to FED... |
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I like the lady. I find her HOT! I might get married to her (if I wasn't already married that is)... The guy on the left makes me nervous. Have to lower the volume about 50% every time he talks. Can't believe the chick is the one making the most intelligent remarks. None of these panelists are what I would consider "experts." I could testify with more expertise, and I certainly don't consider myself an expert. She's talking about us... HODLERS! |
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I like the lady. I find her HOT! I might get married to her (if I wasn't already married that is)... The guy on the left makes me nervous. Have to lower the volume about 50% everytime he talks. |
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