I'm pretty pleased with the stability tbh. We could well hit 550 tomorrow but it looks like we'll settle at 650 come monday. I don't expect much volume over christmas and once we get back over 800 we'll have officially shaken off china. We'll probably have a lot of panics as china exists but we'll be 800 into the new year regardless
Have you ever watched the price of petrol/gasoline during a global crisis? It increases dramatically. When the event is over and the market stabilizes the price drops but never to the level that it was before the event that moved it. Bitcoin is proving to be a commodity the reacts similarly. |
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In what way has the bitcoin foundation hurt bitcoin? I don't really care about the foundation one way or another but as bitcoin continues to expand I don't see how the foundation has been hurting bitcoin.
As far as working with VC's , isn't that a good thing ? It's VC's that are pouring money into bitcoin related companies that are helping drive bitcoin to the "mainstream" and make it easier for everyday people to use and stay safe which is what you need if you ever want bitcoin to be more than just a fringe group of techies and liberations using it.
By becoming a centralized point of exposure for government attack, that's how. Strange that the first thing all these decentralization nuts want to do is create a centralized organization. If the lead dev is harassed and jailed in one country, another lead dev pops up in another country. If you're exchange can't survive in France, move it to Japan. Stop trying to make an org to communicate with lying, backstabbing and oppressive fucking governments or to centrally control a system that's supposed to be free from that kind of control. You don't need it. |
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There's no reason why it's impossible we can keep going up, the trend needs to be broken at some point. A few weeks back lots of people were saying that a major retailer adopting bitcoin was the thing that was needed for higher prices. Now it's happened, but everyone is still reeling from China and expecting impending doom.
What happened? Overstock will accept bitcoin, not exactly eBay or Amazon, but it's making news in the US. And where do you buy your Bitcoins in the US? localbitcoins.com? So your going to shop online at overstock because it's convenient but first buy your Bitcoin to use there from some guy after setting up a meet or trusting an online trade. Forget about the US, those idiots are gone from the game. Focus on the rest of the world. Coinbase. US is the largest player in the BTC game. Not for long! Who, QA? Coinsetter, Kraken or someone else? Their government is a horrible monster (like a Kraken) that will oppress its people eventually and keep them from using it or wage some ad campaign that pollutes the mind of the citizenry until no one will want to touch it. Just wait and see. |
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There's no reason why it's impossible we can keep going up, the trend needs to be broken at some point. A few weeks back lots of people were saying that a major retailer adopting bitcoin was the thing that was needed for higher prices. Now it's happened, but everyone is still reeling from China and expecting impending doom.
What happened? Overstock will accept bitcoin, not exactly eBay or Amazon, but it's making news in the US. And where do you buy your Bitcoins in the US? localbitcoins.com? So your going to shop online at overstock because it's convenient but first buy your Bitcoin to use there from some guy after setting up a meet or trusting an online trade. Forget about the US, those idiots are gone from the game. Focus on the rest of the world. Coinbase. US is the largest player in the BTC game. Not for long! |
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look at this chart, bulls think it is undervalued Bitcoin and are not selling, bears thinks it is overvalued and are not buying, there is no action or whatsoever.  Finally stability! |
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There's no reason why it's impossible we can keep going up, the trend needs to be broken at some point. A few weeks back lots of people were saying that a major retailer adopting bitcoin was the thing that was needed for higher prices. Now it's happened, but everyone is still reeling from China and expecting impending doom.
What happened? Overstock will accept bitcoin, not exactly eBay or Amazon, but it's making news in the US. And where do you buy your Bitcoins in the US? localbitcoins.com? So your going to shop online at overstock because it's convenient but first buy your Bitcoin to use there from some guy after setting up a meet or trusting an online trade. Forget about the US, those idiots are gone from the game. Focus on the rest of the world. |
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Bitcoin doesn't scale. Saying that 3rd party companies and offchain transactions will solve this goes against the very idea of bitcoin.
Also the deva saying "ohh, don't worry, we will look into it when it becomes a real problem" is a very bad sign IMHO.
Not true. The devs have been saying for quite a while "we're looking into it, and we'll be ready with a solution by the time it becomes a problem", which is quite different. What you're suggesting is turning the steering wheel now because there's a bend in the road three miles ahead. He's right, the steering wheel might need to be turned sooner than you think. Remember what Erik Voorhees did to the system with SatoshiDice? When confronted about bombing the blockchain with micro transactions he didn't care because he was "testing the system". Greed will force things on Bitcoin before it's ready. The only thing that can really destroy Bitcoin are the users or lack of users (see my previous post above). |
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Most convincing argument for failure? Ok, I'll try. Complacency and greed should do it.
Too many people are here to line their pockets by starting that next great Bitcoin gambling site or develop that next great multimillion dollar app that skyrockets them to fame and fortune or to buy cheap and sell high. In other words - profiteering scumbags.
Too few people exist on the planet that would use Bitcoin simply for altruistic reasons. The average person (not the ideologically pumped up college student or recent graduate) is concerned more about themselves and their little life than how great Bitcoin would be for the end of (insert name of the political philosophy/economic system you don't like here).
tl;dr
Mass adoption requires humans that don't exist en masse. Most are too greedy and stupid for Bitcoin to spread much beyond the pseudo–intellectual fringe and common crooks.
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sorry I am pretty new here. Does this chart say that the price will go up?
Thanks
The chart only tells about market depth/orders. Price at 666.666 which is a crazy coincidence. Regarding price, it is likely to go down (not based on chart) Mark of the beastcoin? So satan much devil wow very demon |
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It is all important because I'm hodling.  |
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That's a vulgar display of wealth. I hope the Bitcoin haters are looking at this thread. You fools could have one too but you all hate Bitcoin. lol
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TD of that video production has a thing for the geek girls Good luck finding non-geek girls in a Bitcoin conference... (except Vorhees' but who knows? maybe she is a geek too?) Are you calling Erik Voorhees a girl. lol Haha no ! There's an apostrophe: "except Vorhees' (girl) but who knows?" Maybe you're not a native English speaker, but when there's already an "s" in the end of the word, the apostrophe goes after: Vorhees' car/house/girl.. Oh, I was just going to agree with you because I think he's a girl too. lol That Andreas Antonopoulos is a radical genius. I loved the part of telling them fuck off Bitcoin isn't broken. |
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TD of that video production has a thing for the geek girls Good luck finding non-geek girls in a Bitcoin conference... (except Vorhees' but who knows? maybe she is a geek too?) Are you calling Erik Voorhees a girl. lol |
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How about this?
The shop only accepts gold and silver bullion, no FRNs allowed.
Granted, it ads another annoying step for depositors, but then we are never touching their fiat so those rules no longer apply.
That could work. Certain forms of gold which trade as commodity contracts fall under the Broker Reporting Act of 1982. Specifically named are South African Krugerrands, Canadian Maple Leafs, and Mexican gold Onzas in quantities of 25 ounces (one 'contract') or more. Sales of these in contract quantities require a 1099B IRS information form, reporting the sale of a regulated commodity contract. There is no branch of federal, state, or local government that is interested in how much gold you might own. The U.S. Mint strikes the gold Eagle bullion coins so I wouldn't trust selling their coins but everything else should be fair game. |
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Perhaps this might be a good idea to pass on to entreprenerial shops on indian reservations that sell cigarettes without the usual tax. They can also buy and sell bitcoin for USD maybe?
Indian reservations are just likes states and have no autonomy from federal laws. They are treated like states when running a business. Indian "Smoke Shops" only sell cigarettes without the state tax but you still pay federal excise taxes which are included in the sale price. It would be the same as driving to Nevada to buy cheap cigarettes and taking them back to California. Avoiding the state tax is still quite a bonus and can be very high depending on which state the reservation is located. It's federal law that requires Bitcoin businesses be licensed and comply with AML/KYC so that would still apply on an Indian reservation. |
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You don't have all the options. You should include, "Slashdot told me I could buy drugs online at SR only with Bitcoin".
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They can't have their own currency because that was not specifically negotiated in a treaty. They don't have to pay taxes on income earned and they are raping the American dollar away from citizens with casinos. Why would they want to change that situation anyway? http://www.bia.gov/FAQs/Limitations on inherent tribal powers of self-government are few, but do include the same limitations applicable to states, e.g., neither tribes nor states have the power to make war, engage in foreign relations, or print and issue currency. how is an exchange or a bank involved in printing or issuing currency? I think the spirit of the actual law would keep them from running an unlicensed bank or exchange unless it was only for the Indians to use within the boundaries of the reservation. They can trade river rocks with each other and call it cash but they can't leave the reservations and trade those rocks with palefaces. They can smoke peyote in a religious ceremony but they can't sell controlled substances to palefaces. Besides they have the same limitations applicable to states. "spirit of the law". wow, that's an interesting one. almost sounds beneficial. exchange or banking over the internet will be an interesting question while the exchange is housed on a reservation. i see your point but it's muddied and not spelled out clearly as far as i know. otoh, it might be an interesting experience to travel to a reservation if one had to exchange or bank onsite. That is a funny phrase isn't it. When I was young the legal system interested me and I would read transcripts of landmark cases. Attorneys use that term to attempt to apply meaning where none really exists. Letter and spirit of the law
The letter of the law versus the spirit of the law is an idiomatic antithesis. When one obeys the letter of the law but not the spirit, one is obeying the literal interpretation of the words of the law, but not the intent of those who wrote the law. It would be a very muddy legal battle were it not for one phrase, "the same limitations applicable to states". |
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They can't have their own currency because that was not specifically negotiated in a treaty. They don't have to pay taxes on income earned and they are raping the American dollar away from citizens with casinos. Why would they want to change that situation anyway? http://www.bia.gov/FAQs/Limitations on inherent tribal powers of self-government are few, but do include the same limitations applicable to states, e.g., neither tribes nor states have the power to make war, engage in foreign relations, or print and issue currency. how is an exchange or a bank involved in printing or issuing currency? I think the spirit of the actual law would keep them from running an unlicensed bank or exchange unless it was only for the Indians to use within the boundaries of the reservation. They can trade river rocks with each other and call it cash but they can't leave the reservations and trade those rocks with palefaces. They can smoke peyote in a religious ceremony but they can't sell controlled substances to palefaces. Besides they have the same limitations applicable to states. |
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I think the best way is porn referral links and selling adult paraphernalia online. I make a tidy little income selling fake dicks.
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Because I'm a quadriplegic that types by sucking through a straw and my entertainment options are limited.
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