I'd rather have a stable non-volatile price, than these Willy Bot spikes.  Things just gets crazy, when the price goes on a sugar rush and the speculators enter the scene for quick profits. A steady increase in small increments will satisfy the merchants and possible NEW adopters... Not this hyped up spikes and terrible drops in the price.  Price moves in monetary goods are like tectonic plates sliding under one another ... stick, slip-bang! with earthquakes. People will get comfortable using ~$2, $12, $100, $250 as the price for denominating goods in btc .... then when it starts to move nobody knows what it is worth so bang! up it goes until it settles out at new equilibrium level. Stick, slip-bang! upward moves are here for foreseeable future as long as bitcoin is still gaining adoption. Mostly nothing to do with willy-bot btw, maybe an extra 5% at most. |
|
|
|
use bitcoin properly and you don't have to worry about corrupt regulators or burdensome, bad, over-reaching regulations ... if you are you are doing it wrong.
The regulations are clearly designed to keep Bitcoin on the fringes. Bitcoin can't win if there's not a level playing field and fiat isn't hard to obtain, you don't need to track capital gains, and you don't need a Bitlicense on top of the standard retail license to accept it. Game, set, and match. You're going to see this times 51 >> http://www.citizen-times.com/story/news/2015/05/25/nc-considers-regulating-bitcoin-virtual-currencies/27912079/Yeah. The US is turning into kind of byzantine backwater with all its mind-bending bitcoin and monetary regulations ... it's the general obsession with money, status, envy and control taken into the digital realm I guess. |
|
|
|
In most (all?) other off-chain systems, the central authority can not only track your payments (you tell them when you want to pay someone) but also control your deposits and withdrawals. Not all, but none widely deployed afaik, however openTXS systems have blind signature cash transfers that are untraceable by the server. The control aspect can be mitigated by a federation of servers facilitating blind transfers of the same/linked instruments. A server or a federation of servers would have to be maintained ($$$) and kept online and in business for the life of the product. It would also still know when a transaction takes place (just not the exact details). With OtherCoin, we don't know when a transaction takes place and even if we go out of business, the system still functions just fine (the software on the cards enforces the rules, not an online entity). This is also the reason I'm removing the centralized balance signing feature from the application and moving towards SPV proofs - even though it would make for a better business model (we could charge people a small fee to sign their balances), it would make the system vulnerable in case we go (or are forced) out of business. OtherCoin should not (and will not) depend on any online entity other than the Bitcoin network and should be as resilient as the Bitcoin network itself. Sounds ideal. Can't wait to test it out. I was merely clarifying your "most(all?)" point(query?), nothing more. |
|
|
|
Down ,down ,down ,down dooooown
Thanks for the "vote". Let's see who wins :-)
The technical picture gets clearer every dayS3052, I would like to hear your opinion about the picture these days, what do you think ? Really? Which way? or are you clueless on that point? |
|
|
|
Recently, wrote something similar to another discussion thread. income should be completely tax free. But, there should be a higher tax for gains on stocks larger than a particular amount -- let's say 1 million. The most rich people had worked hard to get rich but then they get richer just for letting there money work.
Wealth is non-linear because inflationary monetary systems inevitably lead to exponential-like distributions from the underlying compounding interest equation. They get to their extremes of non-linearity as they get closest to their point of obsolescence/collapse. Technological 'unemployment' should be celebrated but I see the socialists have found a new 'cause celebre' for their inner control-freak fantastical projections onto the lives of others. Malthus and global climate control have been dropped and now we have technological abundance as the new 'problem' that only government can solve. I suppose when your political ideology depends on government-only solutions the pool of government-only non-problems starts to look rather infinite? |
|
|
|
Buddy has a point though..
What are you going to do about it? Nothing, I thought so. Not that I am but still.
I completely agree but what can we actually do? This is why I veiw the entire population except those born into owning Central banks salves of those that are. Royal bankers rule this world. Bitcoin is like the gun in france in the late 1700's...
voice or exit? use bitcoin properly and you don't have to worry about corrupt regulators or burdensome, bad, over-reaching regulations ... if you are you are doing it wrong. |
|
|
|
In most (all?) other off-chain systems, the central authority can not only track your payments (you tell them when you want to pay someone) but also control your deposits and withdrawals. Not all, but none widely deployed afaik, however openTXS systems have blind signature cash transfers that are untraceable by the server. The control aspect can be mitigated by a federation of servers facilitating blind transfers of the same/linked instruments. |
|
|
|
BTC_Bear, would you settle for a paid position of the first round (unless you're qualified to be a member on one of the other two rounds, that is)? Hmm... NO, but I will take 1% in perpetuity (those that know me will get that amount) AND a 0.5% stake in all offers funded. Meet Project Crypto Boost (cryptoboost.com was already procured, albeit for sale). Give me some sort of idea as to where the 1% you're requesting would be sourced from. Also, what else can you bring to the table to see this project to fruition? I'm going to claim 1.56% royalty in perpetuity also, for contributing materially to this discussion thread ... my people will contact your people and make it happen. |
|
|
|
some interesting takeaways from the Digital Gold book: - Wences Cesares had ~10% of his net worth in BTC at some point.
- Reid Hoffman, Peter Briger of fortress have significant positions.
- Ver has a market cornering amount of coin.
- Shrem was acquiring BTC for the Winklevoss Twins.
- Lot of circa 2012 businesses buffer coins were on Gox.
Just had a plow through myself. I think the thing that surprised me the most was the amount of buying these heavyweights did on Gox, and on the open market too. I would've expected them to be a bit more diligent and discrete in how they obtained the coins they did. If we guess the amount of coins some of these people bought, and it must be in the hundreds of thousands, that tells us that the price at certain points was founded on the buying of less than ten people. yep ... bullish. What happens when couple of hundred heavy hitter investment funds decide it is time to place 1% risk-on in btc? |
|
|
|
Hello, Jorge.
Honest question: do you agree with the estimation that the more time lapses and bitcoin continues to develop and entrench itself, the less likely it is to outright fail?
I don't believe he answered the question. He'll answer anything you like, as long as it looks bad for bitcoin. The main goal with him seems to be to cast a negative perception in all posts, rather than seriously critique the technology, which is his subterfuge only. Price and perception is the game now. |
|
|
|
Ok, I've just spoken to the Norwegian tax authorities about how to classify my Bitcoin mining business and they've basically sent it back to me and asked how they do it in other countries(?!?!?!). Do any of you know what industry code / tax bracket a bitcoin mining business registers under in your country?
Haha, just tell them it is a non-taxable event in any sane country. It's like finding a piece of gold in your backyard if you are hobbyist. |
|
|
|
Yea seems like someone is trying to hold the price down by flashing ~700 coins.
Same as it ever was since June '14, holding it down until all the wall st. insiders have loaded up. Lawsky's delay, delay, delay on the rulebook is keeping the institutions (client money) themselves out until they have "clarity" so same effect. When the insiders are loaded then regulation fog, FUD and downside manipulation all will suddenly disappear and the institutional pump begins. |
|
|
|
|
Unemployment is an ill-defined concept, as with most of the jargon in economics and the other humanities-side of soft sciences.
So it is easy to have endless debates about nothingness. People are still free to be as lazy or as productive as they choose, generally speaking.
|
|
|
|
How much are you charging or paying? |
|
|
|
|
Interesting to know it is still alive.
|
|
|
|
|
It collapsed 3 times already, it is no mystery what it looks like.
|
|
|
|
|
Neat how this project is branching out naturally based on the original concept.
|
|
|
|
|
Interesting. If they arrested him trying to enter it from the Croatian side then he has just established in law that it is not recognised as part of Croatia by the Croatians, since how could they arrest him from moving freely about Croatia?
Now he needs to do something similar from the Serbian side and he has established that neither side recognise it as part of their territory, otherwise he could freely come and go without any 'border issues', i.e. Serbian and Croatian border authorities themselves are establishing the border by their restriction of movement.
What happens once he gets inside?
|
|
|
|
|
Show Posts
