 /thread |
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PR, no gloating about how poopscoop supposedly predicted the gox clusterfuck?
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Somehow this looks reminiscent of ppl trading their pirate debt, or matthew's 10kUSD bet. I may be exaggerating but oh well  |
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here's a quick way to get your USD's out of Gox: Buy Bitcoin!And that would result in a short squeeze because what? How is that even related to buying Bitcoins? |
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 made it on feb. 9th.  |
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Seriously why don't you just take a loan and buy on gox, that wouldn't be as reckless. would be as reckless but you wouldn't have to deal with another shady, possible fraudulent entity.
Because btc.sx isn't anywhere near as fraudulent as gox itself, and its hard as fck to get a fiat loan on Gox itself, and it would be stupid to borrow fiat and promptly exchange it for devalued gox bux?In a way you are planning to do just that, only you borrow the fiat with worse conditions. You're borrowing Gox Fiat, at Gox Fiat collateral rates, with a promise of repaying Gox fiat. Not borrowing real fiat and exchanging it for Gox fiat. If you put it like that it makes sense. But then do you expect to see anything of these "funds" in any useable form again? |
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Suppose Gox resumes withdrawals but enforces a 10 btc per day limit. Bullish or bearish?
Suppose Gox resumes withdrawals but enforces an arbitrary limit on everybody differently.  |
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Bitcoin seems intuitively faulty to people who do not understand Austrian economics the same way heliocentric theory seemed intuitively bad to non-astronomers a few hundred years ago. The truth is only obvious once the paradigm shift has been made.
lol you people just keep giving and giving. |
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who is joe?
do you mean jorge? (hint read slowly with eyes open) JorgeStolfi ... some self-styled 'academic' who showed up here recently pontificating (wrongly) about bitcoin. ok thanks, Jorge Stolfi is a full professor of computer science at the State University of Campinas, working in computer vision, image processing, splines and other function approximation methods, graph theory, computational geometry, and several other fields. He's a computer scientist who's made a statement about the economic aspect of Bitcoin, congrats you "debunked" a out of profession statement of somebody! Come back if he writes something about the protocol or software. |
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Jorge is wrong; bitcoin would be a zero sum game if it operated inside a closed system, it clearly does not.
Bitcoin provides a superior medium of exchange and makes private international value transfer more efficient, by orders of magnitude, as but one example. These increased efficiencies are net gains for the wider economy and for economic actors outside the bitcoin ecosystem. Some of the increased value bought about by these efficiencies naturally flow to Bitcoin, the asset, since that is part of the mechanism they derive from. Note also that some of that net value increase flows to bitcoin, the payment network, in the form of venture capital, new businesses and amazingly volunteer coding time.
Bitcoin is absolutely Not a zero sum game. That is a stupid, shallow statement from someone with very little understanding of economic systems, or a hidden agenda to push.
It is analogous to saying the back-hoe digger is not providing any advanced utility over men with shovels and no one can make money from building and using back-hoe diggers.
who is joe? |
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gox is flat-lining. pieeeeeeeeeeeee.....  |
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Seriously why don't you just take a loan and buy on gox, that wouldn't be as reckless. would be as reckless but you wouldn't have to deal with another shady, possible fraudulent entity.
Because btc.sx isn't anywhere near as fraudulent as gox itself, and its hard as fck to get a fiat loan on Gox itself, and it would be stupid to borrow fiat and promptly exchange it for devalued gox bux?In a way you are planning to do just that, only you borrow the fiat with worse conditions. |
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Seriously why don't you just take a loan and buy on gox, that wouldn't be as reckless. would be as reckless but you wouldn't have to deal with another shady, possible fraudulent entity.
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where is your stoploss OP?
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retarded
retards
At this point this word is all I'll be using in regards to the still remaining ripple haters. |
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Let's hope the SR 2 folks turn themselves in to the authorities before their customers find them.
The wrath of a horde of potheads, terrifying. What they gonna do, blow smoke on them and call them names? Pull a bong over their heads? |
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Nope, bitcoin bubbles don't work this way. Based on historical data (except the starting 2011 bubble), the top is about 15x - 20x
the bottom from which is starts. So with a bottom of 100$ - 300$ for this bubble, the top of the next could be in the 1500$ - 6000$ range.
If you care to notice, the thread I referenced gives you a reason why this extrapolation isn't necessarily true. |
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Missed this mornings activities - what's the reason for the drop this morning?
Idiots selling worthless promises to other idiots, as usual. |
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