Many of us jumped into Bitcoin for ideological reasons that aligned with the Genesis Block message regarding central banks and quantitative easing. Some of us also blame this unrestricted printing as part of a shadow government that plans wars using central banks to fund them. They go to war, blackout the media, then tell us to forget about it and go shopping. Some of us abhor unnecessary violence and want to stop using the product created by these banking cartels. If only we could go back to the days when money was backed by precious metals. For many, Bitcoin could help create a beautiful society. But there was a snake in the garden. Silk Road created a black market that allowed criminals to become parasites to the Bitcoin development community. The bad press and negative impact of this crime wave hindered Bitcoin adoption. It wan't until Silk Road was closed down that Bitcoin adoption began to take hold and investment grew. It is a mark of human nature that new technologies are always weaponized before they are developed for beneficial tools. Metal was forged into swords before plows. Volatile substances were used to make bombs for centuries before generating steam power. Technology scares people. Now we have stealth address technology that will make creating black markets easy. They think that using normal distribution channels is unfair because there are restrictions and costs they feel should not apply to them. They think they are solving a social problem by treating a symptom instead of the organism. They could accomplish the same thing by re-inventing the distribution system rather than weaponizing it. But they are driven by fear. It will take grown-ups to create real tools that provide transparency instead of making it easier for nefarious groups to flourish. They say that if you live long enough you become your own enemy. We are seeing this happening. Let's hope the black hat secret squirrel group doesn't destroy the infant Bitcoin project before it leaves the cradle.  |
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You want a serious answer? Ok, as soon as it is proven that an assassination market exists that uses cryptocurrencies and that there is no other way to defeat it than drastic measures.
Assassination market = Dead pool. Example: stiffs.com Clint Eastwood even had a movie about it in 1988, 20 years before btc existed. The assassination market stuff is pure hype. That's because it wasn't feasible. Clint Eastwood made the movie as a social commentary because it could come true, and it did. With a good mixing service any 4chan psycho could make some quick weekend money by calling in a bomb threat from a throwaway phone or email address unless funds are sent to a bitcoin address. Hear me now, believe me later. |
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Am I missing the obvious? What about BTC or XBT?
Damn. They might as well. If they don't, someone else will. |
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Surprised that no one said "Twink" lol...
Congratulations, you win the Internet Current Clockcycle Award. |
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There is a good chance the USSA will do the same as China and restrict banks and payment processors from touching cryptocurrencies. That would test below 400, I assure you.
interesting. i tend to agree on the outcome, but what kind of probability do you put on this, and what kind of time frame? it seems like, thus far, USA has been pretty favorable to crypto. Good lord, yet another clown to put on ignore. You want a serious answer? Ok, as soon as it is proven that an assassination market exists that uses cryptocurrencies and that there is no other way to defeat it than drastic measures. |
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Version 0.0.7 (beta) is released: http://chromawallet.com/#downloadThis version implements SPV and fixes some bugs in p2ptrade. There is still a number of smaller issues which we need to fix. I'm getting the following error: <urlopen error [Errno 185090050] _ssl.c:343: error:0B084002:x509 certificate rou
tines:X509_load_cert_crl_file:system lib>
The client is downloading the blockchain headers, however it fails to show a balance in bitcoin or any assets. I'm getting the same thing with Win8. |
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http://www.techhive.com/article/2159380/quickcoin-app-lets-users-send-bitcoin-through-facebook.htmlsorry, I know I'm always dragging up old shit, but.. am I the only one that thinks it looks like quickcoin is trying to get bought by facebook? it would be a nice payday for quickcoin, and it would offer facebook a nearly turn-key solution to offer facebux. I'd recommend they design it as an off-chain wallet where your facebux are held and transferred from user to user. with sidechains or treechains or whatever it should be possible to build it in an open, trustless manner. though I suspect facebook will build it as a black-box type of off-chain abomination a'la mtgox. interesting times. It is an off-chain wallet. You don't have the private keys. You can transfer to a Bitcoin address if you want to move to the blockchain. |
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There is a good chance the USSA will do the same as China and restrict banks and payment processors from touching cryptocurrencies. That would test below 400, I assure you.
interesting. i tend to agree on the outcome, but what kind of probability do you put on this, and what kind of time frame? it seems like, thus far, USA has been pretty favorable to crypto. |
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The problem here is that you don't know the difference between reality and projection. Your apocalypse fantasy (bitcoin=plutonium) is something you should be talking about with a therapist - it has nothing to do with Bitcoin.
At worst it is an exaggerated analogy. The analogy relates to the newness of the technology. Bitcoin is based in math theory and the technology is accessible to all. Just because we have a technology, does that mean everyone should be allowed to use it? Does that go for any technology? Howabout drug manufacturing? Howabout explosives? Should anyone be able to do anything they want without restrictions? |
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There is a good chance the USSA will do the same as China and restrict banks and payment processors from touching cryptocurrencies. That would test below 400, I assure you.
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I remember people saying something similar when something called 'the Internet' started to gain momentary popularity in the late 90s.
Did they? Lots of stupid things were said about the internet back then, but scamming was not as big a problem for the internet as it is in the bitcoin world. Perhaps because it was mostly classical scams (such as chain letters and credit card theft) that the police already knew how to recognize and handle. One big "advantage" of bitcoin is that law and police often cannot even tell whether a crime was committed. Online dating in the 1990s. How did anyone survive that? |
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I'm glad I had a buy order at 555. I'm using my "rule of thirds" and "superstitious numbers" hypotheses for trading.
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Bitcoin is just too difficult to understand for some. I tell loads of people about it but most arent interested or dont get it.
The "killer app" will be the one that makes Bitcoin invisible, yet does things that no other technology can do affordably. This is why, although it is not getting much press it appears, that the Quickcoin app on Facebook will be huge for adoption into mainstream. Sending tips or cash for things in a secure way over social media, and hopefully in a more "invisible" way, will be the first step.  I love that app. I am sending bits everywhere. |
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Bitcoin is just too difficult to understand for some. I tell loads of people about it but most arent interested or dont get it.
The "killer app" will be the one that makes Bitcoin invisible, yet does things that no other technology can do affordably. |
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"The Digital Currency Tribute to the Philippines Nation" should be Republic rather than Nation. They're rather proud of their chosen political doctrine. I would also change "The" to "A" so as to not try to make it sound like you are officially representing the Philippine government without licensing. They are pretty hardcore about that. |
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Version 0.0.7 (beta) is released: http://chromawallet.com/#downloadThis version implements SPV and fixes some bugs in p2ptrade. There is still a number of smaller issues which we need to fix. Outstanding! I will give it a try! |
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whats goin on?  Chinese traders playing hardball now. |
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As stands, it seems like $585 is the mark that we need to break through before we can even start thinking about $600
Yep. Not enough volume to break the resistance level set in March. |
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