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3941  Economy / Speculation / Re: SecondMarket Bitcoin Investment Trust Observer on: April 02, 2015, 09:09:55 PM
Any trades yet?
3942  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 01, 2015, 11:58:05 PM
...
most ppl still have not caught onto the idea that Bitcoin is fundamentally about honesty and hope...

... the fact that bitcoin is used mainly to commit various flavors of crime? ...

... you have zero evidence for this shameful lie. You are just a propaganda shill for stupidly repeating it, calling it a "fact" makes you a prime AH.

Bitcoin is used no more, but probably less to "commit crime" than fiat currencies as a percentage of total bitcoin usage. In terms of total overall usage, cash USD by many orders of magnitude has the largest volume in criminal activity.
3943  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 01, 2015, 06:16:03 PM
Well now, this made me sit  up and listen:

“The future starts in Greece and we will be the first country to use the currency of the future, a currency that doesn’t allow third parties to tell us what to do or how to live, this is the Greek thing to do,” said the Greek minister.

http://greece.greekreporter.com/2015/04/01/yanis-varoufakis-greece-will-adopt-the-bitcoin-if-eurogroup-doesnt-give-us-a-deal/

May be an April fools joke. Can't tell yet:.

It may be a joke and he may not believe it, but in the era of austerity, NIRP, unemployment and fighting against the interests of powerful institutions, it is a pretty powerful statement.

... joke's on them when you know they actually would be better off going with bitcoin but are so stupid they still treat it like a joke.

Long way to go ... "then they laugh at you"
3944  Economy / Speculation / Re: Is 2015 The Year? on: April 01, 2015, 09:22:54 AM
At some point in the near future bitcoin will begin it's next run, basing off the ~$250 mark (interestingly very close to previous ATH before last bubble ~$266 and even closer when viewed in total market cap not price.)

When it begins bitcoin will double in value in a relatively short time frame, say 6-8 weeks to $500. Then it will top off and base some more maybe months to a year (halving) ... OR it will continue to run in a new mania, doubling again to $1000 in a shorter time frame, say 3-4 weeks, at which point the new mania will be fully-blown, it will double again in 2 weeks to 2000 and then to 4-6000 range in a week and then 8-12,000 in a matter of days, before popping and collapsing ... but not below 1200 again.
3945  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: March 31, 2015, 08:24:39 PM
This is where BTC goes tits up, when someone pulls the plug -

http://www.zerohedge.com/news/2015-03-31/massive-blackout-hits-turkey-grounding-planes-stopping-subways-terror-not-ruled-out

Holding some wealth in physical form always recommended.

bitcoin doesn't stop, only in the affected area. Physical cash and gold (or ticket out) are all good small position diversifications.
3946  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: March 31, 2015, 09:53:44 AM
I don't know how anyone reads this SR shit and fails to feel unease. How safe are we really?

... well you got to wonder about the Judge for sure, and probably higher ups too. Having money in a seizable bank account makes little sense at this point given the wanton disregard of rule of law all about the place.
3947  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: March 31, 2015, 02:40:26 AM
For the first time, when I look at the offers on LocalBitcoins.com, there are a half-dozen currencies ahead of the US dollar, offering a higher price for Bitcoin than US dollar users.

Euros, South African Rands, New Zealand Dollars, Hong Kong Dollars, Polish Zloty, Malaysian Ringgits.

It is no longer just the US, EU or even China driving adoption.  There is a market for Bitcoins in major countries all over the world.

Yes, sure. Bitcoin will become a popular payment method all over the world in the future

Disruptive technologies begin by servicing niche market cases that incumbents serve poorly or not all. As the new ways take root, become stronger, better adapted and more familiar, then they start encroach on existing markets, eventually overwhelming them with better services, efficiency and economies of scale. Expect the peripheral economies and niche markets inside the large countries, to lead the way with real bitcoin economic activity. Bitcoin speculative activity however could well be concentrated in the large centers since these are basically just speculative hubs now after 4 decades of fiat financialisation of the real economy led by central banks driven on by predatory multinational banking mega-corporations.
3948  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 31, 2015, 02:22:10 AM
trolls are probably crooked federal agents on crack ... the only dump they'll be getting is laundered cash in their cayman accounts.
3949  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 30, 2015, 02:53:59 AM
My guess: The desire to be long for monday morning news. The possibility of GBTC doing something. Expect covering and sell off if nothing.

Winkies have been pretty quiet lately. Could be gemini news.

could be any number of wall st. driven upside surprises at this point ... total minefield for over-leveraged shorts, one wrong step here could be fatal.

Seems the atmosphere has become quite expectant, due any day now?
3950  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 30, 2015, 01:46:01 AM
Kim is our savior hail jesus
https://mobile.twitter.com/KimDotcom/status/582050310132117504

The amount of retweets o.o
https://www.techdirt.com/articles/20150326/18041530458/how-us-government-legally-stole-millions-kim-dotcom.shtml

I actually didnt know much about the background but this is kinda crazy what the US can do on a whim

/edit

Memo to myself: never ever have any assets in reach of US gov or you are fu*ked

... not to mention that they totally hacked the NZ law enforcement, justice and political systems to impose the will of the recording industries. Formally one of the least corrupt countries in the world in these respects now defiled permanently.
3951  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: March 29, 2015, 01:18:36 AM
More regulation for the legacy payments and banking means more epic failures and unknowable wealth destroying outcomes for them ... go all in bitcoin.
3952  Bitcoin / Development & Technical Discussion / Re: Lightning Network (another proposal to make bitcoin scale) on: March 28, 2015, 10:49:49 AM
http://www.coindesk.com/could-the-bitcoin-lightning-network-solve-blockchain-scalability/

"If the bitcoin blockchain were a horse, ordinary hub-and-spoke payment channel proposals would be proposing to replace that horse with a truck; the Lightning guys are proposing to replace that horse with a rocket ship."  -- Peter Todd

Requires some more work and a soft fork to implement. The future looks bright Smiley

A leading candidate for testing the soft-fork on a sidechain perhaps.

Merge-mined sidechains require a fork too!  Cheesy

I guess a federated sidechain could do it.

The reason being, federation functionaries could be the lightning transaction routing hubs incentivised through fees ... so yes a fed peg fork for a lightning network.
3953  Bitcoin / Development & Technical Discussion / Re: Lightning Network (another proposal to make bitcoin scale) on: March 27, 2015, 09:06:58 AM
http://www.coindesk.com/could-the-bitcoin-lightning-network-solve-blockchain-scalability/

"If the bitcoin blockchain were a horse, ordinary hub-and-spoke payment channel proposals would be proposing to replace that horse with a truck; the Lightning guys are proposing to replace that horse with a rocket ship."  -- Peter Todd

Requires some more work and a soft fork to implement. The future looks bright Smiley

A leading candidate for testing the soft-fork on a sidechain perhaps.
3954  Economy / Speculation / Re: SecondMarket Bitcoin Investment Trust Observer on: March 26, 2015, 08:39:48 PM
Quote
snip ... have your shares electronically transferred via Direct Registration System (DRS)

... should have used the blockchain for clearing and settlement ...??
3955  Economy / Economics / Re: Technological unemployment is (almost) here on: March 25, 2015, 12:01:28 AM

Similar to what Bill Gates said, during the same interview when he talked about bitcoin iirc.

But the problem of AI taking over is not necessarily directly related to technological unemployment. Maybe AI will employ every human to do some kind of dirty work for 18 hours a day in exchange for a bowl of rice and glass of water...

no, the AI will keep you in a continually doped and attention-distracted state such that your reality would appear to be that you are living a nirvana-like existence when in reality you are an undernourished peasant slave doing little more than working, eating, sleeping ...

edit: wait, the State is an AI?
3956  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: March 24, 2015, 04:54:19 AM

mmm, I know but it bears some watching, the reactions are always informative and the lulz are worth it.
3957  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: March 24, 2015, 04:42:03 AM

and an armada of robotic mining craft returning from the asteroid belt laden with precious metals .... sometimes the future is closer than is imaginable when the theoretical ground shifts ... other times it is father away when engineering is more difficult than imagined too.

Because everyone knows that asteroids, comets, planetoids, moons, etc are primarily composed of gold while containing significant fractions of silver, platinum, and other valuable rare-earth metals as well.  I mean, if these elements are rare here on earth they must be somewhere else instead.  Logic 101.


... you need to do some more homework instead of demonstrating your ignorance in something outside your field?

Hint: the extreme, and comparatively "unusual" press., temp. history of asteroids (orbiting a star in a vacuum) means indeed they sometimes have pure deposits (i.e. read come and pick me up pure) plat. group metals and other metals in quantities quite uncommon in the Earth's crust, everything else has boiled or sublimated away. What were you expecting Hawaiian volcanic loam? Or Texan alluvial plains? Sheesh. Troll 101.
Thanks for the field report Dr. Spock.

You're welcome cowpoke Earthling.  Wink
3958  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: March 24, 2015, 04:26:55 AM

and an armada of robotic mining craft returning from the asteroid belt laden with precious metals .... sometimes the future is closer than is imaginable when the theoretical ground shifts ... other times it is father away when engineering is more difficult than imagined too.

Because everyone knows that asteroids, comets, planetoids, moons, etc are primarily composed of gold while containing significant fractions of silver, platinum, and other valuable rare-earth metals as well.  I mean, if these elements are rare here on earth they must be somewhere else instead.  Logic 101.


... you need to do some more homework instead of demonstrating your ignorance in something outside your field?

Hint: the extreme, and comparatively "unusual" press., temp. history of asteroids (orbiting a star in a vacuum) means indeed they sometimes have pure deposits (i.e. read come and pick me up pure) plat. group metals and other metals in quantities quite uncommon in the Earth's crust, everything else has boiled or sublimated away. What were you expecting Hawaiian volcanic loam? Or Texan alluvial plains? Sheesh. Troll 101.
3959  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: March 24, 2015, 03:45:19 AM

and an armada of robotic mining craft returning from the asteroid belt laden with precious metals .... sometimes the future is closer than is imaginable when the theoretical ground shifts ... other times it is father away when engineering is more difficult than imagined too.
3960  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: March 24, 2015, 03:05:23 AM
http://www.gizmag.com/cannae-reactionless-drive-space-propulsion/33210/
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