Dude had a dream to grow a pony tail and he just DID IT |
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It is really possible to arb BTC with LTC? Or with XMR?. Since they are based in BTC seems like a flawed logic...
They are not 'based in BTC'. LTC or XMR or any other cryptocurrency can be used to quickly get funds from 1 exchange to another. As long as the LTC/BTC or XMR/BTC pair remains the same at 2 exchanges, while there is a difference in the USD/BTC exchange rates, you can use it to arb. Thing is that the LTC/BTC pairs have less liquidity, and will probably quickly become the same or similar at the various exchanges. (I don't have any experience doing this, just based on theory) I'm not sure if whoever's hoarding LTC is trying to make money on the arb or just trying to manage the BTC pump. hoarding is very different from arbing. Arbing (arbing BTC prices and using LTC as a money transfer between exchanges) would't move up the price of LTC (only very slightly), as it would get sold again on the other exchange after a few minutes. Retard question: Is it reasonable to assume that the LTC is being bought to help distribute the pump then or are these things totally unrelated? LTC has usually followed the Bitcoin price. During the jump to $1200/BTC it got up to around $40/LTC. Crashed in the same way. I believe it is generally believed that if Bitcoin becomes a major currency, then Litecoin will be one as well. Just less so. |
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I think a great thing for the Bitcoin community would be to have an annual contest where the highest concentration of Bitcoin tourism businesses in a 1-2 mile radius is rewarded (somehow).
Something where someone can go to that town, have a nice weekend as a tourist spending only bitcoins.
So it would need at least one hotel that accepts bitcoins. Transportation (if necessary, at least from the airport). At least 4 sources of food (2 restaurants that could be visited for dinner). Some activities (tour/excursion/etc) that can be done during the day. At least one night time activity (bar, club, etc). And one place to buy souvenirs.
Maybe the reward could consist of publicity, money for advertisements, a year long designation as the "Bitcoin city", whichever...
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what is this childish crap with flashing walls on bistamp anyway. some rich kid had to many squishees?
If it was another market I would say it was someone working to hold the price down until the US got in but this is bitcoin so. I think it also possibly speaks to a lack of fiat on Bitstamp. Or someone's bot broke. |
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I'm not a big fan of such a huge rally based on nothing.
While I believe the price should be closer to $400 I am skeptical of a 10+% rise out of nowhere.
If it is based on the Grexit thing (as Reuters claims) then that just leaves the price to go back down when they bail out Greece in the next week or so.
Regardless, I hope it stabilizes above $240 for a while putting a final nail in the bear market.
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In the end people just love taxes. That's all there is to it.
Without taxes, how would Hitler be able to fund his armies and gas chambers?
Hmm... when I first registered as a member on this forum, there were hardly anyone who was supporting taxation by the government. Times have changed. Now the thinking is like: "I am not ready to work. I'll live on government wlefare payments. So others should pay more and more taxes to the government, so that I'll get my welfare payments on time"It's mostly the racists that can't personally do anything directly to harm minorities that love taxes the most, leaving it in the governments' hands. They look at their paycheck and think "well at least my taxes are going toward putting some black person in prison on drug charges" or "I hope this gets some muslim killed in some far off country" or "If this was the 1940s the amount taken out of this paycheck could have easily killed 2 or 3 jews" |
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The next bubble will be the bubble of altcoins. Those, who know what they're doing, have already positioned themselves under select altcoins.
The excitement and crazy gains will be in the alts. Bitcoin will slowly implode on the weight of it's wasteful mining network. Speculators will stay away from bitcoin for the same reason - the mining network just siphons too much speculator money from the market. Some corporate fools will try to keep the bitcoin hype going, but nobody will eventually care. Money has moved into the bitcoin market mainly because of speculation, and the odds are currently very bad for everyone, because it's not even a zero-sum-game anymore, it's a game where the speculators have to feed large mining farms whose contributions are marginal in return.
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In the end people just love taxes. That's all there is to it.
Without taxes, how would Hitler be able to fund his armies and gas chambers?
I think everyone goes back to that thought when they think of taxes and are grateful that he was able to get the funding necessary.
How would we be able to pay for drones to kill our own citizens? Would Bush have been able to bomb Fallujah with white phosphorous melting the skin of any women and chlidren within a few hundred feet?
How else would our governments have had the money to fund ISIS?
I think everyone looks at their paycheck and sees the portion of the tax money taken out of their paycheck and thinks "I hope that went to fund a terrorist this week."
And what about the roads??? Right? Tanks and troop carriers can roll down roads a lot easier than some unpaved span of dirt.
We can all agree on that right?
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This move is impressive. I don't see indicators that it will fall back down again.
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Do we go to the moon ? ^^
We choose to go to the moon, not because it is easy but because it is hard. |
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Free trade does not require a law to be passed.
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We should all go see a movie with bitcoin that is about bitcoin! I'm serious though. I want to see a feature film about Bitcoin with big name actors (think like the Facebook movie) and I want to pay to see it with bitcoin. Actually, it would be cool if they made it something like half-off if you pay with bitcoin. How cool would that be!?!!?
It looks like the movie they set this up for is about Bitcoin: http://www.thewrap.com/dope-to-become-first-movie-to-accept-bitcoin-for-ticket-purchases-exclusive/ |
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I am HUGELY in favor of OpenBazaar .. but I'm not entirely sure how it will attract mainstream users to compete with eBay and Amazon. Mainstream users still use paypal and CC. OpenBazaar will no doubt give darknet markets pause for concern, but I don't see mainstream users flocking to it, unfortunately. I hope I am WRONG
Bitmit was a bitcoin based ebay and it had a lot of users. There is definitely a need. Others pop up here and there but without everyone rallying around one service it does not have the seller and customer base needed to take off. |
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Welcome to the price of 30 days ago.
Next stop:
6 months ago
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Xapo anyone? They charge a fee to hold your bitcoins in a vault.
Exchanges? They provide bank like services to get your fiat.
Why is this seen as such a negative? We already have plenty of third party services that do many different things. Just because this third party service has the word "bank" in it does not mean that all of the sudden Bitcoin is not somehow controlled by bankers.
What I can see a bank doing is providing things like direct deposit to your bank account with any currency being converted directly to bitcoins.
I see debit cards that you can spend anywhere and it automatically converts it to the currency you need from your bitcoin balance.
Other than that it will be like having your coins on any other web wallet.
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Greece capital controls will not affect Bitcoin. Greece leaving the eurozone will wreak havok on the markets and more likely send more people to Bitcoin. |
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So we don't like bitcoin banks but we're ok with bitcoin exchanges...
Not much difference.
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Check out https://www.coinprism.com/You can see Overstock's bond on there too. I checked it out quickly and this is what I think it is: When you make an account there you can make any colored coin you want, IPO's, assets, collectibles, you can select how many shares etc. there will be. You get an asset address (starts with an a) that's coupled with your BTC address, your own colored coins can be distributed/sold from that address. You don't need 100 BTC or something just a bit to pay miner's fees. So in short you can launch an IPO or whatever you want for cents on the blockchain. Ok, I think if I read over the white paper on that about 20 more times I might finally understand. I think the key for me is that it is using OP_RETURN to store the hash on the blockchain (if I'm reading it right), which means that it is not using some third party or a separate blockchain which was my main concern. I also found this site: http://coinsecrets.org/ which dislays all of the OP_RETURN data being inserted to the blockchain. It shows one transaction: https://blockchain.info/tx/9805d9729e86168c55575dd1cbcdd65737123eff924f3d409c24d8b77b408793?show_adv=truewith the OP_RETURN of " jWOW, WHAT AN ASSHOLE" wonder what that's all about...lol |
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