Back on topic, and to stay on the perspective that will lead the BTC up to the $325 level here's something worth reading: Blockchain technology, which underpins the digital currency bitcoin, is receiving significant capital investment from banks thanks to its potential to be the ultimate disruptor in today’s financial system, according to the latest report issued by BBVA Compass economists.
Blockchain technology first became part of the public conversation via bitcoin, the peer-to-peer electronic currency system that runs without government backing. It provides the underlying mechanics that allow the digital currency to exist. The bank’s economists say that while interest in bitcoin has evened out, blockchain is drawing more attention because of its ability to safely conduct transactions with no middleman and its potential for applications beyond purely digital currency transactions.
“A technology that has the ability to conduct and verify transactions via an immutable, time-stamped record that is replicated on servers across the globe has immense implications for the banking sector,” said BBVA Compass Chief Economist Nathaniel Karp. “We’re talking about a massive overhaul of the banking industry’s processes and a significant reduction in costs.”
Blockchain is effectively a high-tech public ledger, or a book of recorded transactions, maintained by a community-agreed, distributed network of computers. It requires no central authority or third-party intermediaries. Blockchain has three key components: a transaction, a transaction record and a system that verifies and stores the transaction. It operates similarly to how a bank tracks the money in each of its accounts, but the technology is entirely transparent and distributed widely.
https://ihb.io/2015-08-10/news/bbva-blockchain-technology-poised-financial-industrys-biggest-disruptor-yet-22330Edit: News courtesy of gotmilk from another thread. |
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FWIW: Today's news in Greece reveal 11 points of agreement with the EU representatives. What is significant enough, is the fact that they seem NOTHING like the austerity measures we expected! Maybe we're on a verge here or (maybe) there's a change of plans after the global situation (mainly signals from China) seems to go down the drain. If this turns out to be a success, then we got out of the "punishment" procedures we were, during the last five years and -hopefully- initiates a more "people-friendly" policy towards the people of EU. Too good to be true? Let's just wait and see. Please use Google translate: http://www.imerisia.gr/article.asp?catid=26516&subid=2&pubid=113654588 Direct question: How much does this agreement cost Germany? Direct answer: Ask Merkel why she pays for something she won't [ever] get back. |
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FWIW: Today's news in Greece reveal 11 points of agreement with the EU representatives. What is significant enough, is the fact that they seem NOTHING like the austerity measures we expected! Maybe we're on a verge here or (maybe) there's a change of plans after the global situation (mainly signals from China) seems to go down the drain. If this turns out to be a success, then we got out of the "punishment" procedures we were, during the last five years and -hopefully- initiates a more "people-friendly" policy towards the people of EU. Too good to be true? Let's just wait and see. Please use Google translate: http://www.imerisia.gr/article.asp?catid=26516&subid=2&pubid=113654588
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Congratulations sir; I enjoyed reading this so much that I will let you have the joy of my non-disputatious response. For what it's worth though, and to arise a virus on your theoretical approach here's a thought: Pragmatic approaches always have a falsifiable end; except for those whose limits tend to be abstract. Is the Reality pragmatic? Can you falsify its existence when you have none of the instruments of observing such a "reality"? How could you tell? My best regards  |
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Last post is compliant with Martin Armstrong predictions as far as I understand. TPTB? I do believe BTC will make new all time highs 2017 or thereafter.
This is probably right, since the USD/BTC price works -up until now- like a clockwork. The value projection of the next ATH would've been an interesting thing to calculate, though... I've heard thoughts about $3500/BTC maybe they're not far off. PS: I know I'm talking about these things while we're on a bear trend, but I remember predicting the $1200 ATH with a friend, during the previous consolidation period with pretty high accuracy, back then. Let's see. |
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More sockpuppets added for today, not sure we will stop here, please update your ignore lists. Latest additions to The List as of 2015-08-10:LPBeria
l0ngsh0t
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There have been a total of 19 additions in July: robashen
bradleyj
LD50
TheRealistMassiah
Mistered
Maytag
WilhelmB
molecularod
luckyhash
Superfineco
Blackwulf
blancmangere
andrew67
EvugBo
2doorsdown
cholered
huffington
panic_time!
sayitagain
A single user was removed from the list: Hfertig
Posted on the first page. If you want to keep up the statistics, it's fine by me. Regards. |
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Getting back on topic, this is from NYT: Capitalists, Arise: We Need to Deal With Income InequalityBy PETER GEORGESCU AUG. 7, 2015 I’M scared. The billionaire hedge funder Paul Tudor Jones is scared. My friend Ken Langone, a founder of the Home Depot, is scared. So are many other chief executives. Not of Al Qaeda, or the vicious Islamic State or some other evolving radical group from the Middle East, Africa or Asia. We are afraid where income inequality will lead.
For the top 20 percent of Americans, life is pretty good.
But 40 percent are broke. Every year they spend more than they have.
While so many people are struggling, even those on the higher end of the middle class have relatively little after paying the bills: on average, some $1,300 a month. One leaky roof and they’re in trouble.
If inequality is not addressed, the income gap will most likely be resolved in one of two ways: by major social unrest or through oppressive taxes, such as the 80 percent tax rate on income over $500,000 suggested by Thomas Piketty, the French economist and author of the best-selling book “Capital in the Twenty-First Century.”http://www.nytimes.com/2015/08/09/opinion/sunday/capitalists-arise-we-need-to-deal-with-income-inequality.html?action=click&_r=1Reminds me of an article of MA I've read a couple of months ago regarding this. Funny to see this posted on NYT though... |
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Handpicked: P. 219: In reality, nothing seems to be 'truly random, because all events have a deterministic value. Many events, such as weather, the movements of billions of atoms, or even a lottery extraction, can be based on a complex series of mechanistic events and reactions, making it appear 'random' to us, because we are not recognizing the exact deterministic values at work. P. 274: What I'm trying to express here is that the notion of "free will" is completely bogus. If people were to behave more 'randomly' than not, we would be unable to communicate with each other, or have any kind of society for that matter, as all people would be doing very different things.
oh man, that's so 200 years ago philosophy. https://en.wikipedia.org/wiki/Laplace%27s_demon(and still even older of course, Aristotle etc) Is there a reason to believe that this is obsolete? Could you elaborate by contributing alternate (more sophisticated) principles in order to present a better definition of, let's say, "random"? I'm Greek, I know EXACTLY the Aristotle's philosophical approach on science, I cannot say I follow everything he told. OTOH, Laplace's equations still remain, why not his "demon"? (I know he got it defied by science, but look it as a concept) We're way better science-wise right now, but certain sacrosanct truths still remain (until proven wrong). Just my 20c. |
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RxIxP BTC 2015
Game over for one of the biggest scams(ideology wise) in this decade .
Thanks for your superb, well thought out post. Brilliant analysis. Can you please elaborate & explain to us mere mortals on how you came to the conclusion bitcoin is dead & wishing it to rest in peace. What's happened today that signals the end of bitcoin? Thanks in advance. Tremendous amount of experience there, extraordinary depth. Brilliantly put comment. We need this kind of commenting, it is surely progresses the thread towards a scrupulous tool of BTC price prediction without unnecessary exaggerations. Congrats my friend. You've gained your position to my favorite users list.  |
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Do you find anything useful amongst TvP crowd as a general rule? I have found them frustratingly close minded in the past- though I think that they somewhat embody what I imagine Marx had initially envisioned in his post-capitalism paradigm. I'll take a look. Never judge a book by the cover, or a magazine from the old issues. It's a rule I always keep. The generalization of a medium's "attitude" does not always describe a certain article and vice versa; it may well be the exeresis that certifies the rule. I just found the subject that expounds a nice read (not that I do agree with all of their opinions). It's an interesting article; you'll like it. Handpicked: P. 219: In reality, nothing seems to be 'truly random, because all events have a deterministic value. Many events, such as weather, the movements of billions of atoms, or even a lottery extraction, can be based on a complex series of mechanistic events and reactions, making it appear 'random' to us, because we are not recognizing the exact deterministic values at work. P. 274: What I'm trying to express here is that the notion of "free will" is completely bogus. If people were to behave more 'randomly' than not, we would be unable to communicate with each other, or have any kind of society for that matter, as all people would be doing very different things.
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You know, I'm anxiously waiting for this prediction to become true. If it does, (which at some point I've bet against it, for the sake of argument) it will mean that the entanglement of Gold & Bitcoin (also other commodities as well) is true. Which is something that I find awesome! So, to some extent, I wish my prediction (that BTC won't crash) that we're heading for a Bull run sometime after late September - beginning of October, is wrong... I know, I'm in desperate need of psychiatric attention...  macsga, could you elaborate this more please "it will mean that the entanglement of Gold and Bitcoin is true" In other words, I'm trying to understand why you are happy about this as you are serious as me. On an elder scroll older post, I've argued with TPTB_need_war about his prediction that when Gold will start to fall, BTC will follow. He's most probably right, but since nobody argued about it, I thought it was fun to do so. In case I'm wrong and he's right, that means (even vaguely) the link between the two (BTC & Gold) truly exists! So, in essence, I wish I am wrong.  |
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You know, I'm anxiously waiting for this prediction to become true. If it does, (which at some point I've bet against it, for the sake of argument) it will mean that the entanglement of Gold & Bitcoin (also other commodities as well) is true. Which is something that I find awesome! So, to some extent, I wish my prediction (that BTC won't crash) that we're heading for a Bull run sometime after late September - beginning of October, is wrong... I know, I'm in desperate need of psychiatric attention... |
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A few more additions for today: Latest additions to The List as of 2015-08-09:AmericanInternational
Spider-Carnage
SomeTroll
Dr. F-e
asmal
Edit: I've also added asmal into The List; he's probably a hacked account - please DON'T click at his link. Please update your lists. |
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I have another suggestion, however this time it is not a member that deserves to be on the list.
Could you keep a count of the number of members on the list? Also you could add a separate quote for monthly additions such as Danny Hamilton does.
That should not be too much work and would be quite useful. If it is too much work, send me a PM and I could help.
The idea of The List is one and only: To keep this place as clean as possible from heretic posts that distract our attention from what this forum tends to serve; Information on BTC/Crypto. I have been keeping this simple in order to be able to update it as often as possible. The alphabetical list is incorporated for easy search (though one could Ctrl+F to do so in the OP) but I decided to do it anyway. The 1st post has the newest "members" added on the bottom, there's a reason for this. Also I have been progressively posting the additions every day/or every update. If you want to help by contributing your ideas, please, by all means do so. When you have it ready either post it here or PM me and I will add it on the 2nd post of this thread. Regards. |
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But if they instead distribute the BTC through Kraken, some of the victims may choose to sell anyway, expecting a fall in the price -- and thus causing it. (I don't see how the price could rise, in either case, as a result.)
If an ETF acquires the funds, the BTCs will practically remain "offline" while dividends or "shares" will be distributed instead. Thus no extra liquidity on the market. In this case we may have a rise in BTC's price, otherwise (if everybody choose to sell) the price will go down. |
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is there any hope for refund BTCs ?
Sure, if you filed the claim you will most likely get some %. I think the BTC's will be auctioned and he will get japan currency instead, and will only be able to withdraw in Japanese banks or maybe in cash. Not good if your balance is not high This will be the worst case scenario, since if they decide to auction the BTCs *some* of them will end up on the free market (even if their auction is OTC). The amount of BTCs in free circulation will rise (we're talking 1000s here) and will probably drop the price to sub $200 or even further. This is only a hypothesis, since if there's ONE buyer (or ETF) we may have a different outcome. We will know sooner or later. |
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look how the cocksuckers rape this six year old child. i hope you die.
If macsga is honest about putting quite offensive Bulls also on "THE LIST"... ...you must be on "THE LIST" for a time. You are one of those bulltards that are more offensive and embarrassing than a legion of trolls. You've been provocative to him as well, not to mention, you never check my thread, so how could you know? Me provocative?  But seriously: Cocksucker and raping childs (even if it is in a in a metaphorical sense) is a bit more than provocative...thats quite offensive shit. But I take his 100$ tip as a apologize, so its okay  Totally agree; but admit it, you rarely visit "The List"... 'cause if you did, you'd know by now he's in for at least half an hour. Behave people; we're all human beings - those who aren't; just try to act like one, mmmkay? |
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look how the cocksuckers rape this six year old child. i hope you die.
If macsga is honest about putting quite offensive Bulls also on "THE LIST"... ...you must be on "THE LIST" for a time. You are one of those bulltards that are more offensive and embarrassing than a legion of trolls. You've been provocative to him as well, not to mention, you never check my thread, so how could you know? |
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