And of course, my $289 sell order that I pulled would of been perfect Always this shit...   Make a plan and stick with it. It's not hard to come up with a different plan but it is hard to come up with different emotions. |
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Know when it's starting up? I doubt I'll get CB on it right away but starting to gather the data should be straightforward enough. The posts I have seen say today (Monday). I can't tell whether they are correct, of course. The domain in the docs is not yet resolving. I've set up what it should be so we'll see if/when it starts coming in. |
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Know when it's starting up? I doubt I'll get CB on it right away but starting to gather the data should be straightforward enough. |
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The real question is which exchange will Bitcoinity be using for when the animated gifs start up again?
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We could be seeing a fight for 300 tonight. Time for a celebratory drink methinks.
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280? So 15 minutes ago...
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280 is here. Is it time for NLC to post that gif?
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Whats the difference? The only real argument is that you can send btc to an exchange in an hour but may have to wait 24 for your fiat.
Don't forget bank fees. And 24 hours can be optimistic. Fiat is just a PITA, honestly. |
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It's getting a bit late for me to totally understand that but if I recall correctly, not so long ago, there was a bit of a fuss because someone in country A that was not the USA was transferring money to someone in country B that was also not the USA but for some reason, the money ended up being routed through a country that was the USA and they gobbled it up. That might be something they need to watch for.
If Bitinka works as stated, there is no transfer of ordinary currency across borders. Remitting client X in Peru gives soles to Bitinka-Peru, Bitinka-Peru gives soles in Peru to bitcoin seller Y. Eventually Y's bitcoins end up in the address of a bitcoin buyer Z, who gives pesos in Argentina to Bitinka-Argentina, which gives the pesos to the recipient client W in Argentina. I think this makes sense. |
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If that upper part was Bitcoin it'd break the fuck off and hover slightly above the waves right now  Just before the rockets kick in! (ya it'd be made with rockets too)  |
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The two prmary parties in a money transfer from P to A can be lumped together as one "family", so the sending and receiving cancel out: the "family" does not lose or gain anything, except some fees, and can be excluded from the analysis. The remaining net money flow is: someone in A gave his money (and got some bitcoin) to someone in P (who parted with some of his bitcoin).
Thus, apart from the implied change of currencies, the situation is the same as when someone buys BTC from someone else, with dollars or any other currency. Any profit that the seller makes comes out of the buyer's pocket. If the seller bought for 500$ and is selling for 200$, then he is keeping 300$ of his initial 500$ loss, and passing the other 200$ to the buyer.
In summary, the matched trades that Bitinka propose to do would be proper use of bitcoin, but by themselves they would not generate much demand: the bitcoins would be kept by Bitinka only for a few days at most. Bitinka will be "good for bitcoin" (i.e. help push the price up) mainly if it encourages people to buy bitcoins and hold them (like that guy in A who bought the bitcoins from the company). And you already know what I think about investing in bitcoins...
Moreover, if Bitinka is successful, it would be "stealing" remittance service customers from the local banks, by undercutting their fees. Good luck getting bank accounts and the necessary approvals from the local governments...
It's getting a bit late for me to totally understand that but if I recall correctly, not so long ago, there was a bit of a fuss because someone in country A that was not the USA was transferring money to someone in country B that was also not the USA but for some reason, the money ended up being routed through a country that was the USA and they gobbled it up. That might be something they need to watch for. |
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Strong rally and then Bitcointalk goes down...
Theymos *is* Mark Karpeles. |
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Microsoft and Dell adopting Bitcoin smacks of desperation.
The days of "blue chip" companies maintaining their place on the fortune 500 for years and years is over.
In 10 years, many of today's so-called "blue chip" companies will be dead and companies we've never heard of will be on the list.
Hah. You can forget seeing the back end of that as long as government can still be bought to write protectionist legislation and dish out pork. |
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Conflict of interest happens even on traditional platforms.
However a decentralized exchange would solve this age old issue.
Yep, there are many complaints of users of Forex exchanges having to compete with the exchange's own currency desk. Of course, the government can always pass laws. Then everyone thinks they're protected and it still happens anyway. |
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Conflict of interest happens even on traditional platforms.
However a decentralized exchange would solve this age old issue.
Yep, there are many complaints of users of Forex exchanges having to compete with the exchange's own currency desk. Of course, the government can always pass laws. Then everyone thinks they're protected and it still happens anyway. |
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Transparency to pricing, lol. Sounds like they are investing to undermine and eliminate the competition. Well played, NYSE. No, that's not the way you do it these days. You buy the company, fire 3/4 of the staff immediately, list the company name in your holdings, fire the rest of the staff six months later then quietly drop their name from your holdings 2-3 years later. |
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Why do loads of you guys want the price to stay low?
I'll never understand it.
Personally, I just want it to be at the right level for smooth adoption. |
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such a spastic!
he makes people with learning difficulties sound smarter than stephen hawkings
literally derp, Derp, DERP!!
For sure. I couldn't listen to him whatever position he held. I guess some people find that kind of shtick entertaining. |
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Dinosaur spotted. Choo choo. |
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+1. had a listen. posted it here. this is 1 BIG news in 2015. Noticed how he said BitLicense would pretty much be a template Nationwide and possible other fglobal financial hubs? That is BIG Yes, everyone is lining up to copy New York as businesses and people and tax revenues flee from there. |
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