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Space Shuttle Karpeles is ready for take off on its mission to the Moon. Its payload? Bitcoin. Bears remaining on the launch pad may suffer burns on blast off.
"I am pretty confident we are the new wealthy elite, gentlemen." -- Atlas
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If you guys don't stop picking on my person, I will have to take an extremely harsh punitive measure that you will not ever forget. You have been warned.
More slumber posts? |
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Mt. Gox callcenter should be available now, did anyone of you guys get through?
I ordered a large pepperoni pizza and a bottle of soda. |
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Is that rocket fuel I smell? Perhaps I need a bath.
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The Bitcoin Foundation, set up to develop the software that runs the currency and to lobby governments and regulators, is searching for staff and office space in London, according to board executive director Jon Matonis.
Perhaps they should UNfound it it then REfound it so they can have a majority of Founding Members who haven't been criminals. |
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Any speculation as to why LTC/BTC and LTC/USD are going down a bit? Litecoin seems to be an even bigger bear market atm.
No need for speculation. It is nearly worthless. The price is simply catching up with that fact. |
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How is the situation in Ukraine going to affect Bitcoin ? What if a new war in Europe starts ?  I'm tense... Every event is bullish for Bitcoin. Imagine all the arms deals that will be paid for with it! Soldiers from either side will be ransomed with it! Perhaps even the following armistice agreement would be entered into the blockchain! OK... maybe my exuberance is unlikely. |
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Christopher Walken, it's great to have you on board with Bitcoin.
What is the point about Walken? Can you explain? I looked up Walken, and surely I cannot figure out the reference. More cowbell! (Walken talks erratically. You type erratically) |
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We should get together and buy an island with bitcoins, call it Satoshi Island and have the currency as BTC of course, use the bitcoin protocol to vote trade etc.. and live happily ever after.
It would be nothing but endless Goxings. And as with any utopia, who would clean the toilets? |
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...the middle class is pretty much disappearing.
Edit: sorry, for international folks this post is very US-centric... It's an interesting topic, the shrinking middle class. It was easier once upon a time to just say, "hey auto workers, sorry but develop some other skill." But more and more industries are falling into this pit of either "industry sent overseas" or "industry has been automated." Today, what industry can an autoworker retrain for? We don't make much of anything here anymore. And we keep giving away newer industries like green tech. And now we're taking our sweet time on Bitcoin tech while other nations more quickly allow for growth in this industry. I believe America will fall on very hard times for quite a long time because we simply have been making too much money for too long. We're accustomed to it; many feel entitled to it. Unions have made us believe we're worth more than the market wants to pay. Hubris has made us believe we are worth more than the world wants to pay. Couple this with disappearing/automated industries and it spells trouble. An example of this is a web development company I worked for some time ago. They decided if they couldn't charge at least $50,000 for a web site then they didn't want the contract. Needless to say, web sites came down in price since then and this company went out of business for lack of being "hungry." So I think America will have some hard times coming, perhaps rightfully so. Great place to live but everyone needs to relearn lessons now and again. The pendulum swings. Fortunately I am over the hill and could kick the bucket before it gets too bad. I'm not a "stockpile beans and guns" kind of person so I wouldn't last long anyway. |
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If you have to ask then PT Barnum was correct. |
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Doesn't that go against the whole guilty until proven innocent thing?
People often joke that "America has the worst form of government on the planet except for all the others." It ain't perfect. There's a "stop and frisk" law in New York now. Basically if you look suspicious they can just stop you and search your person. That seems incredibly un-American to me (an American) yet it exists, seemingly in direct contradiction to "innocent until proven guilty" and the search laws we already have on the books. False, "looking suspicious" isn't enough legally: http://law.onecle.com/new-york/criminal-procedure/CPL0140.50_140.50.htmla police officer may stop a person in a public place located within the geographical area of such officer's employment when he reasonably suspects that such person is committing, has committed or is about to commit either (a) a felony or (b) a misdemeanor defined in the penal law, and may demand of him his name, address and an explanation of his conduct. Legally, lol, but in real life how does it work? There's a Youtube video of a kid who was tired of being harassed for "looking suspicious" so he records his next stop. http://www.thenation.com/article/170413/stopped-and-frisked-being-fking-mutt-videoThere's plenty of other violations of this ridiculous law, which is why there shouldn't be a fucking "stop and frisk" law. Stop and frisk AFTER a crime has been committed. You know, that crazy "innocent until proven guilty" thing. Troubling, I know. We do not arrest for thought crimes, or at least we're supposed to have grown beyond that. |
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Doesn't that go against the whole guilty until proven innocent thing?
People often joke that "America has the worst form of government on the planet except for all the others." It ain't perfect. There's a "stop and frisk" law in New York now. Basically if you look suspicious they can just stop you and search your person. That seems incredibly un-American to me (an American) yet it exists, seemingly in direct contradiction to "innocent until proven guilty" and the search laws we already have on the books. |
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Maybe a good time to run, this news will be lost in the Gox fallout.
My thought as well. They'd know this is the perfect time to fold. |
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Jorge they filed for bankruptcy protection.
is this true? I thought they filed for bankruptcy. I don't know Japanese law, but I have seen a Canadian company go through a bankruptcy protection. Some people at the company were fired, some quit, some stayed... Within 2 years they were back to business as usual. Admittedly, I watched this from the outside, I have no idea of the internal workings of the procedure. In the U.S. there are various types of bankruptcy ("Chapters") some of which protect assets while a company reorganizes. Of course Japan is likely different but may be similar. I am under the impression Gox may be under an "asset protection" type of bankruptcy which could explain why he continues to say there is hope he can restore things. I have been trying not to be obsessive about Gox news though because so much crap swirling around it. http://www.uscourts.gov/FederalCourts/Bankruptcy/BankruptcyBasics/Chapter7.aspx |
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The big weekend dip is coming...  shhhh... let us sell quietly before then. |
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How could they possibly have lost 850,000 BTCs? Hookers, blow and Pez. |
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