... buying opportunity  Back above 1200 by March-April. Some bigger money is getting itself well-positioned, it is how each phase has played out as the total capitalisation value allows bigger players to enter ... as the previous (smaller) fish are trying to exit ... Good luck, I'd rather wait until it actually starts rising. If it doesn't rise, then you could be waiting years. Don't forget the opportunity cost of money. Idiot. Opportunity cost of holding money has been all fiat negative since bitcoin was created .... how does that compute? |
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The idea to rob the bank account originated in Cyprus. I don't get it why the OP is blaming the European Commission.
This is incorrect ... you are tryiing to revision the history. A Dutchman from the EU was the first to officially announce the bail-in as I recall it ... and a special EU board came out with the news shamefacedly not long after. |
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If Wei Dei or Nick Szabo are not nakamoto themselves then they are most surely his parents ... and credit should be placed where credit is due.
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What I was worried about is the tendency of these firms to use their own public statements to game the market.
When I see a Wall Street firm of any kind saying positive things about something, my default expectation is that they are talking the price up because they want to sell it and buy it back cheaper.
Fixed. Which I think they might have just successfully done ... |
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Silly, silly silly.
Oh yeah, crazily, insanely, silly good ... up 70,000 % since feb 2011! That's what you can call silly money kids.
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... buying opportunity Back above 1200 by March-April. Some bigger money is getting itself well-positioned, it is how each phase has played out as the total capitalisation value allows bigger players to enter ... as the previous (smaller) fish are trying to exit ... |
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I've seen an endless series of weeds on farms if you would like to start pulling .... ? |
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ZeroHedge covered this as well, and I find it interesting that they LOVED Hugh Hendry when he was bashing the ECB and the Euro project, but he lets slip one word about liking Bitcoin, and now the gloves are off over at ZH. They're disowning the guy because he likes Bitcoin, and it disgusts me.
The "Tylers" over there are just a bunch of financial shills, and they all probably work day jobs for major investment banks. It shows.
Exactly. Bitcoin has the unique property that it quickly the separates the wheat from the chaff in all dealings financial ... the honest and dishonest are made immediately plain. |
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it is a matter of principle
Let's dig this one a little further, what's the principle at hand exactly? That you should get a free, unlimited and unexpiring deposit insurance? Such a thing does not exist. Even so we committed to guarantee payment of all valid claims up to 50 BTC regardless of the amount left after the theft. I don't like your tone at all, if this is your idea of good and proper business relations you will not be in business for long. Please confirm that you will not be making good on my friends and family few missing btc ... then we can go from there. You should be very careful how you proceed from here. A wise man once said to me that you should treat every customer with the respect as if they can do physical, financial or emotional harm to you because you never know which one actually will ... |
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This is not the way.
A couple of days ago I took time to send you a detailed explanation of the why and how of the claims process, did you get a chance to read it? Please, feel free to tell me how you would have handled things had you been at my place. Yes I read it. But it is quite simple, you do not need to go into the details since it is a matter of principle. If you are still open and trading for business, just make honest people whole. Screwing the little guys because of your incompetence/misfortune is just more banksterism. |
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The problem with refuting the OP is he has already demonstrated that it would be next to impossible to explain it to him. Sometimes we just have to let people learn by shutting our mouth. So I hereby refuse to refute the OP. So you choose to shut your mouth by opening your mouth? You sound like you will get along well with the economists described in the OP. |
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Jav seemed to have no problem keeping Instawallet safe, it was a pillar for getting bitcoins adopted, it featured in Gavin's talk to the CIA in mid-2011 ... yet when you took it over this happens? Your credibility is starting to look tatty davout.
Well, Jav kept IW safe for a year (2011-2012), which is pretty much what we did too (2012-2013). It might also be worth noting that the first thing I did when I discovered the theft was to fly him from Germany to France at my expense so he could provide his insights and help us deal with this in the best possible way. I used to have much respect for you but this episode is looking very shabby indeed.
It'll come back, I'm not going anywhere :-) At this point you are only one grade above being put forth for the "Scammer" title under your forum name, imho. Take a look around and see how reputable businessman behave when hit by theft or disaster. This is not the way. Your businesses will only suffer until you clear this blot from your record. There are forces at work that will see to it. |
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...
seems like just yesterday when we passed silver.
...
Indeed, it does. I remember when we passed silver, thinking something like: "Well, that was fun. Next stop gold, but it'll be a few years.". Heh. Yup, I wouldn't for the life of me have thought that we would catch up to gold this year already. i didn't think so either back then. but i started to get an inkling that we might back in the summer when the HR kept escalating, escalating, and then going parabolic while the price just stagnated in the last 6 mo consolidation. i mine b/c i like to hang out in the Custom Hardware forum to get a feeling about how miners think and what they are doing. most of them never venture over here to Speculation and vice versa. they have their own community and compulsive way of thinking that help educate my speculation/investment mindset. during the summer, we miners were undergoing our own form of breathtaking action in the HR while all the speculation guys were over here wringing their hands about a plunge back to 2. i kept saying in my newsletter we were going to get a "snap UP" to catch the price back up to the HR. guys like Frozenlock kept arguing with me saying that price always leads HR. i even caught evoorhees making a case that mining was irrelevant to the price over on Reddit. not in this case. you could easily see that millions of fiat dollars were being poured into the new gold rush of Bitcoin mining by old and new miners alike somehow thinking they could easily get in on the groundfloor of the new asic mining machines. there was a mentality going around that somehow mining would be more lucrative than outright BTC buying, especially after the price had gone to the "bubble high" of 266. the different buckets of the Bitcoin economy were being filled by raining fiat in an asymmetric pattern with the mining bucket first overflowing. i knew we were going to get that snap UP especially after we double bottomed at 65. i said it more than once in my letter. i could see the frustration and disgust creeping into the miners from the rising difficulty and you could start to pick out more and more comments about giving up mining and going to buy BTC directly around Aug/Sept. and sure enough, we got that snap UP. but i didn't think we'd come this far this fast. that is, until it became clear to me that we are in a logarithmic progression. ... and here is all the evidence you need to know that cost of production places a floor underneath bitcoin pricing ... as it does for many other real world commodities. It is one of the reasons that I got into btc in the first place ... it would never go to zero as long as there is some small demand ... and in fact it would never go far below cost of production because at that point it is cheaper to go and buy in the open market instead of mining. Now the really interesting thing is as the difficulty keeps climbing due to technological advances and greater energy inputs the cost of production is rising all the time also ... effectively placing a rising floor underneath btc pricing. |
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So I sent a few btc to friends and family early in Instawallet days to spread the word, they are now looking for those coins.
What do we need to do to recover them?
thanks davout
Hello I'm afraid it's too late to file a claim, the claims submission was possible for three months with a deadline in July. There was a detailed explanation of the whys and hows of the claims process (and more specifically why there had to be a deadline) posted in this thread, it might be a little hard to find buried in the 40 pages of this thread. Kind regards David This is terrible. Aren't you still trying to run an exchange right now? Jav seemed to have no problem keeping Instawallet safe, it was a pillar for getting bitcoins adopted, it featured in Gavin's talk to the CIA in mid-2011 ... yet when you took it over this happens? Your credibility is starting to look tatty davout. I used to have much respect for you but this episode is looking very shabby indeed. So the few bitcoins of my friends and family are gone and you have no intention to make good on them is what you are saying right? |
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Bullish. Hugh Hendry is a smart guy who has made some good calls based on thorough analysis. If he says it could go to a million, it could. And he is not the first to arrive at such numbers either ....
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Bullish. Best contrary indicator ever, on past performance.
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How is this even possible  I'm pretty shocked. The world's fucked up heavily communistic monetary/economic thinking is playing out to its inevitable absurd ending .... and the silence from the halls of economic academia is deafening. |
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So I sent a few btc to friends and family early in Instawallet days to spread the word, they are now looking for those coins.
What do we need to do to recover them?
thanks davout
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Transfer times will become insane though if usage keeps growing at current rate, things have to be streamlined.
... those are the considerations encapsulated by the big 'IF' |
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