You put far too much focus on governments. Is this how things are taught these days, government needs to allow everything first in order for us to be able to do it?
We are all born free, able to do what we want. It is government that steps in and prevents us from doing certain things. Not the other way around.
I wasn't trying to put to much emphasis on governments. I was only trying to learn more about how bitcoin received it's permission to be able to exchange it into a nations currency. I mean lets be honest, if the government wanted to shut down bitcoin tomorrow they could. They might not be able to shut down the exchanging of a paintings value exchanging hands between two people but they certainly can shut down a virtual currencies method of exchanging it into there currency. Isn't that what Russia is doing or has done? If you need a government's permission on how to use their currency...why use their currency? Why use their currency at all? Not much reason for it. I'm working via bitwage.co to get paid in bitcoins so I'll have that part taken care of. |
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We buy stuff, then buy a big house to keep and protect our stuff, then we pay to protect and maintain our house.
Not something people can do with kids but I got rid of all of my stuff and downsized to the point of being able to put everything I own into a carry on and a backpack. It is very liberating.
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You put far too much focus on governments. Is this how things are taught these days, government needs to allow everything first in order for us to be able to do it?
We are all born free, able to do what we want. It is government that steps in and prevents us from doing certain things. Not the other way around.
I wasn't trying to put to much emphasis on governments. I was only trying to learn more about how bitcoin received it's permission to be able to exchange it into a nations currency. I mean lets be honest, if the government wanted to shut down bitcoin tomorrow they could. They might not be able to shut down the exchanging of a paintings value exchanging hands between two people but they certainly can shut down a virtual currencies method of exchanging it into there currency. Isn't that what Russia is doing or has done? If you need a government's permission on how to use their currency...why use their currency? |
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The only members of ISIS that would be able to understand the technology enough to use Bitcoin are the CIA agents.
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You put far too much focus on governments. Is this how things are taught these days, government needs to allow everything first in order for us to be able to do it?
We are all born free, able to do what we want. It is government that steps in and prevents us from doing certain things. Not the other way around.
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What gives a painting value? Does it require government intervention to convert a painting to USD?
Like you said, you and your friends can trade things. You can also trade things for dollars. No government required.
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Ahh...the sky is falling!!! Sell your yachts and limousines!!
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You don't short Bitcoin in November.
This...there are 2 golden rules. Never get involved in a land war in Asia. and Don't short Bitcoin in November. |
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A fun thread to list all of the things that governments can do but regular people cannot. Such as:
Government can take your money by force (taxation).
Government can kidnap people and put them in a cage (arrest and detain).
Government can decide what you can and cannot eat/drink/smoke (food bans, alcohol laws, drug laws)
Government can force you to inject chemicals into your body (vaccination laws)
Government can inject chemicals into your body to kill you (death penalty)
Government can balance their budgets by printing more money (Federal Reserve)
Can you think of any others?
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what goes up most come down eventually.
That would be true if Bitcoin was a physical object affected by gravity. But it is not. We may have seen the last chance to buy in the 300s (like we haven't seen 100s since last year). |
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I'm not sure why this would be considered not true unless the CTO of OKCoin is lying.
"Also very exciting is we have a new client, I cannot disclose the name yet. It's a 3 billion euro market cap client they just do hedge fund trading and they're going to trade on our platform so that's a pretty big institution."
--CZ (CTO of OKCoin)
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If you think because it has declined from $450 that that was the bubble, then you haven't been around for many bubbles.
Best thing to do is strap yourself in and be prepared for the ride of your life.
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I have 5. There is no option for me  |
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$3 billion hedge fund company starts investing in Bitcoin via OKCoin.
Their CEO had made it clear that there was not such thing of $3 billion hedge fund investing in Bitcoin via OKCoin, so i think this is not the reason. perhaps more and more ppl believe in BTC. Apparently it is a 3 billion euro hedge fund. From their CTO: https://www.youtube.com/watch?v=I4oiQriC0n8&feature=youtu.be&t=4m57s |
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@Elwar
You are probably referring to nLockTime and yes the issue is that nLockTime txs whose time (or block) is in the future are not accepted by peers (so your client would have to re-broadcast the tx after that point in time).
It still has some value in that the tx could be manually sent to another person (thus acting like a last will) provided that they eventually broadcast in order to make sure the transfer actually happens.
Yes, that is what I was talking about. This would actually make a pretty good Bitcoin service. |
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There are ways to add time delays to a transaction but from everything I have seen you have to run the client the whole time.
I checked into it a while ago, basically you can add code to a transaction but the code lives on your wallet and executes only if that wallet is running (there is more to it but that was the high level impression I got out of it).
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Is that the most reasonable explanation?
It's like getting a taste of what the ETF will do. |
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$3 billion hedge fund company starts investing in Bitcoin via OKCoin.
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