Ok, i have a question.
It's clear that this small auction completely controls the market. The market is filled with fear.
Apparently people expect a rally or a dump depending on the outcome.
I have 2 simple questions:
1: What will cause the rally and what will cause the dump.
2: Why is this considered so extremely important at the moment.
I really must be missing something. Hopefully someone can fill me in
I think that this forum acts as a magnifier... (of peoples opinions) there are far larger forces at play here than this auction... but the market likes any excuse, also the market does not need an excuse and the market is not always smart... lots of posturing and positioning and speculation from speculators... the market will shake this off like a case of the fleas and a few weeks down the line it will be all forgotten and there will be another thing to focus the magnifying glass on.. there will be dips and peaks, highs and lows... the market will move because that is what markets do. All the while there are several larger forces at play... tick tock tick tock |
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Often don't agree with what you write. With this, I do. =   |
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There would have been a set date that the coins would have had to have been sold by...(?) Regardless... Mark Williams is such a douche. |
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Guys, just a few moments ago there was another USMS auction email fuckup... this time, they leaked the form every potential bidder had to fill before submitting a bid: We received your bid request. As your bid request met some of our volume and frequency thresholds, we will have to kindly ask you to help us better understand the nature of your relationship with Bitcoin. In order to do so, we require that an additional KYC (know your customer) procedure is completed before we can proceed with the processing of your bid.
We kindly ask you to answer the following KYC questionnaire:
1. How did you learn about Bitcoin?
2. The purpose of buying Bitcoins?
3. When and how did you obtain your USD?
4. What is the reason for your activity - depositing BTC, selling, withdrawing?
5. What are your future plans and activities planned during your life?
6. Do you plan more of such bids in the future? If yes, how many and why?
8. Which bank are you using? Please provide the complete address and SWIFT code.
9. The diameter of your rectum ?
10. Are you susceptible to any diseases?
11. Are you a member of the communist party?
12. How did J.F.K get shot?
We kindly ask you to submit your answers and documents in a reply to this ticket. |
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Bid submissions for the SR coin auction are now closed, so we can no longer claim it's interested parties attempting to keep the price down until Friday  Is it not "bid registration" that is now closed... bidding is 27th ?  Phase II: Online Auction Period Date: Friday, June 27, 2014, from 6:00 AM EDT to 6:00 PM EDT Only eligible registered bidders may participate in the online auction. In order for your bid to be considered by the USMS, you must send a signed pdf copy of the Bid Form to a separate email address that will be provided to eligible bidders only within the online auction period window, which extends from June 27, 2014 at 6:00 AM EDT until 6:00 PM EDT. Bids received before or after the online auction period will not be considered. Bids that do not conform to the following instructions will not be considered. Details. |
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Tripple'ish bottom maybe?
 Bouncy (oh and the asses too) |
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 Little to no feeling about this. |
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Interesting week so far  |
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Going to be an interesting few weeks methinks...
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The USMS is a public entity. I hardly see how they could keep the result secret.
That is what it says in their auction announcement FAQ. I suppose that they consider it private information about the bidders. But they give instructions on how to submit FOIA request in the folowing line, although it is not clear whether that will allow the results to be disclosed. By the way, I must correct an earlier post of mine: the same person CAN submit two or more bids at different prices, using separate bid forms. and separate deposits? (edit= yup) |
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I wonder how that bet will be settled. The USMS will not publish the outcome of the auctions, and other people (winners, losers, and those who choose not to bid) may have strong motivation to lie about it, in any sense. Good point Jorge good point... although I would not put it past the USM somehow accidentally sending e-mails out to everyone on their address book with all the auction winning bids |
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I said this sell off had bear trap written all over it! Also... if you think the answer is no, you could double your BTC or triple your btc if it turns out you are correct, but then that would mean that none of the class A blocks sells over market price on the day. Hardly any volume on the bet either but still at 0.01 BTC you get 287.5% ROI! put a whole coin down and you would double it.. so for those of you certain that all the blocks will go under market- a good bet! |
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Lets just keep agreeing on infinite rise and saying how everyone is clever and good. Much adoption, such future, many volume, no bubble because we all experts.
Lets just keep saying that we are all stupid and the price is going to zero, that we do not believe in bitcoin and think it will fail and that the adoption going on by more and more entities is not really happening and pretend we know fuck all. oh and continue to frequent Bitcoin forums of course - makes a lot of sense |
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I totally agree. Naples is really bad, apparently waste management is big business in Italy. I haven't been to Italy very often so I'm not the best source of information, but there is an eye opening movie made from a book that kind of sums it up called "Gomorrah".
thanks will check that out. |
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I heard that there has been a lot of crackdown on the mafia in recent years, but because of it's highly distributed nature it will likely prove impossible to stamp out completely.
Hmm tell that to the people of Naples - the mafia are still in charge there, the pile of rubbish is one of many physical manifestations easy enough to see- talking of which careful where your mozzarella comes from. Though you may be right there has been a crackdown- the Italians are on the brink, the mafia have more money and a closer network ... than the Italian government..... I think you are also right that it will be impossible to stamp out completely or even meaningfully for quite some time. Edit: Talking of organised crime adopting tech- I see a world where illegal drugs are delivered by drones - cryptos could be a part in that , but more worryingly would organised crime need to use contract killers, (teenagers as is the craze atm) buried exploisives/carbombs to take care of a problem- when they can send a weaponised drone over to see you.... (in a robot voice- "Gimme the f'kin BTC!!" electric shock) yikes. |
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