I think it changed some people's world to a greater or lesser degree, but the actual world? Too early to tell. The general public still see bitcoin as some weird internet fad, I hope that will change, but I'd much rather the public understand the true nature of the state, violence, it's effect on everyone's lives and the value of freedom from coercion in all aspects of life.
I don't plan my life on things that will never happen in my lifetime or things so unlikely that they might as well not happen though. I think many others should think hard about what bitcoin was, is and will likely be in the future.

Bingo. The problem with the public is that they have been easily led to demonise banks (which are only reacting) to the incentive created by giving  governments too much power to fuck (taxpayer backstop) with the market in the first place. It's like a feedback loop that not only increases moral hazard but it is also enabling greater and greater degrees of clueless fuckups and power grabs by government.

When people can't see the ultimate result of attempting to control nature, it gives me no hope that a reasonable outcome will come from predominant attitudes.

Bitcoin on its own will not help Africa, some form of innovative business filling the role of banking for the unbanked utilizing Bitcoin may be more of a spark to create adoption in Africa, but I believe we are many years off. I also do not believe adoption in Australia will be so fast, but the technology is here in the west, so it's just a matter of time before the efficiencies it creates are capitalized on by companies.

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I agree, MA's dissection of the matter (and debunking of conspiracy) is an enlightening read, extremely well written too.

I agree, perhaps the bag holders are simply disgusted or just hodling. Which only leaves whales and day traders circle jerking the price around. Either of these is not conducive to a stable or steadily rising price. And factoring in mining coins? I'm not sure it's a rosy picture despite the huge decline.

We're crazy oversold on a lot of timeframes. It is tempting, but I think it would be more tempting if it pushes down lower. I feel like I'm second guessing myself and the market right now.

Is it just me or does this decline feel methodical rather than panic driven as in the last severe sell off?

One thing I find hard to imagine is all those that bought in $260+. I'm not really an early adopter myself, I was just familiar with bitcoin enough to see the makings of a bubble when the craziness began, so I got some 'cheap' (less than $100). But if I had bought in higher, in the quantities and amounts consummate with financial mania... Makes me feel like we still need a seriously big washout for the real capitulation.

I have no idea where that may be, but it is looking to me to be at least close to $160 at this point, just thinking out loud though. All the technical analysis I've been reading has been incredibly mixed and confused lately.

I thought I learnt this the hard way selling at a higher price, turns out it was a good decision. You need to be long term for sure and not get caught up in the emotion.

I have some financial commitments coming up so I'm simply sitting this volatility out. Well, if waiting for another major low can be considered sitting it out

I sold around 60% of all my gox coins (wasn't much). @ between 60cents on the dollar and 40cents. I still think it was a good deal. The last few coins in there are a gamble on the bankruptcy proceedings.

So if I understand this correctly, this is another dog and pony show before the ECB starts outright buying Greek bonds?

Still organizing the next run with a little surprise

I have 2 'imperfect' coins left going for £24 each. Numbers 32 and 36.



Pop me a PM for payment details if you're interested!

Good to hear Tookdk, I'll send a message right away.

Great! Shipping to Denmark should be around £4

Updated the OP with a lower price- now just £22!

Let me know if you're interested and we can work something out.

That is an incredibly collectivist lens to view this situation through. I assume you are referring to Fujimori- his reforms were not miraculous (though they might seem so considering Peru's politcal history), simply reversing some of the collectivist madness that Peru had suffered up until then, many of his style of reforms will probably not be enacted in Greece any time soon. The Greeks likely feel cheated and resentful of the financial system that has allowed their government to mire themselves in this situation, there may be a will to work but the majority of young Greeks with any initiative have or will be trying to leave their home country.

I disagree with your collectivist viewpoint that everyone needs to pitch in for something that they really didn't understand or truly have a say in, but I agree that change will come when maximum pain is reached.

They certainly do not need to. But it's wether it will be more painful to continue the current path or strike out for instant pain and faster recovery. I'm very interested to see what the ultimate outcome will be. As an earlier post wrote, it's also about setting a precedent for the situation.

Exactly, they are between a rock and a hard place. Only when the pain becomes unbearable will the option of default become a possible reality. The western banks are fighting tooth and nail against a possible restructuring, it's ironic considering Greece's financial history of defaults. I'm not familiar with the government as I should be to comment, but my understanding is that there is not much real will to reform in Greece- I suppose far too many people are dependant on the state.

I agree with many other posters. Greece will not default (any time soon), but will have to either have the debts restructured at some point in the future or default is a certainty further down the line. The current political class were elected in to play hard ball with the EU. If it goes wrong, the next successful government will be the ones that run on the platform of grexit. But Greece will have to go through more pain for that to be a reality IMO.

Remember that most of the money is being recycled straight back to Western banks. It's in the EU's (vested) interest to keep the can kicking going for as long as possible.

It would be funny if it wasn't so tragic.

Just to clarify, I was specifically banned recently for 'insubstantial posts' and having a sig campaign was the reason for the ban (I assume). I posted on this on my silver bar thread here, due to this fact I didn't consider the message unsolicited I just thought it relevant to recent events on my account. Generally I do not report any messages I receive as unsolicited unless it is an outright scam.

Any communication like this contains some risk I suppose (of being reported), if a long standing member wishes to take that risk then I'm not sure it's a problem.

Frankly I don't like being in the middle of something like this, but I wanted to post my take on it.

Yep, I hope that anonymint decides to join us again, this thread has been by far my favourite on bitcointalk. Learnt a lot, and it's nice to be made to think once in a while Gotta say that CoinCube and many other posters on here have been awesome too.

On another note I met a couple of Singaporeans at dinner the other night. They were fascinating and very intelligent, with an excellent understanding of a government's role in (their) society, but were made extremely uncomfortable by the idea of questioning it and fully acknowledged the harsh restrictions under the surface of their society. I hope that they really are smart enough to learn from the West, I'm not so sure that I have that much faith in humanity. I hope I'm wrong and that their pragmatism prevails.