The authors don't detail much experimental evidence about their new taint model (basically FIFO accounting for taint), but they do offer a couple of numbers which, if supported by more testing, would be quite impressive. At any rate, there's ample food for thought. If the legislative landscape they hint at really comes into being, I don't know where I'd stand on the line between "hard" and "soft" approaches. Bitcoin enthusiasts? Investors? Law enforcement? All of these positions would entail both "good" and "bad" practical consequences from my self-interested point of view. Nice piece of work. Computer scientists discussing legal implications with a practical, technically sound background. A rarity. Tasty find merited. One of the problems with such a 'taint' system that it doesn't address, is what of coins falsely declared stolen? In the paper they seem to assume all such declarations to be honest, but in practice it just moves the arguments to the lawyer-enriching 'how to get these coins declared stolen or not' level. Hm, I hadn't thought of that. Can you name a scenario where the game of falsely reporting a crime ("someone stole my coins!") has a positive probabilistic sum? Penalties can be harsh, and partners in crime won't be happy to see their newly tainted coins decrease in value. |
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The only way is down now
no chance we are reaching 8k for a very long time.
The way I see it, in this particular moment it's very hard to name a "no chance" event. Merited. Wise words. While catching up on this thread gradually you see how unwise and price prediction in any direction is, on any near/medium term time frame. TA / price analysis is fun to see, but so much of it is as accurate as a stopped clock, as all we can do is to try to set up for whatever happens. I was watching your 'short insurance' strategy, seemed to make sense - may I ask how it has panned out? Or is it just too much work to keep on top of it? Thanks for the appreciation. My insurance is doing fine! With today's dip, I'm comfortably in the money. With the latest fluctuations, I'd already managed to nurse it to a higher entry point with incidental small profit. My aim isn't maximum profit, but maximum comfort, as JayJuanGee said. This makes it a little easier, but it's still hard work for me. Of course there's a different "hard work" threshold for each one of us. With the position moving to a higher entry point, the amount of work decreases. However, if it doesn't hurt at times, I feel I'm doing it wrong. It's supposed to hurt a little now and then, unless you're magically able to spot either tops or bottoms (which would make hedging moot anyway). I'm not closing it yet. Bring it down to 5k or 3k, will you? Please??  I've also worked out a "pain threshold" in advance. That's where I'll close the insurance hedge (at a loss) before liquidation if I don't manage to close gradually on the way up while still in the money. The numbers are good: by the time we reach that threshold, it will be Carolina Train time around here. That's just my play money, of course. If it was my stash at stake, I wouldn't be so detached or cool headed in making difficult decisions. |
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The authors don't detail much experimental evidence about their new taint model (basically FIFO accounting for taint), but they do offer a couple of numbers which, if supported by more testing, would be quite impressive. At any rate, there's ample food for thought. If the legislative landscape they hint at really comes into being, I don't know where I'd stand on the line between "hard" and "soft" approaches. Bitcoin enthusiasts? Investors? Law enforcement? All of these positions would entail both "good" and "bad" practical consequences from my self-interested point of view. Nice piece of work. Computer scientists discussing legal implications with a practical, technically sound background. A rarity. Tasty find merited. |
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The only way is down now
no chance we are reaching 8k for a very long time.
The way I see it, in this particular moment it's very hard to name a "no chance" event. |
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How unexpected! A plunge on Monday. I'd have thought it wouldn't happen before, say, tomorrow or better yet Wednesday.
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Recently, fiat settled derivatives are one of my pet worries. There is no proof that they actually did much real damage by themselves yet: some reasonable sounding opinions argue that it's more of a psychological thing, like metaFUD/metaFOMO. These opinions sound reasonable on the basis of the numbers reported. Volume on futures was - is! - too low to harm seriously (although, with the underlying bitcoin market as thin as it is now, nothing is impossible).
However, if Soros and other big players are really getting into the cornfield, it's going to be tough play. I really hope the SEC approves some ETF, but backed by actual bitcoin, stored in blockchain addresses known to the public.
Along the same lines, futures and similar derivatives should be entirely bitcoin-backed. "For delivery", as they say, since delivering bitcoin is as easy as can be. BY doing so, you can push and pull the market only according to how many coins - not dollars - you hold. You can probably push/pull a bit further than that, because exchanges are quick to kiss the right ass, but when you finally have to deliver, you have to buy or sell actual bitcoin. Let the markets (and the unavoidable slippage) do the rest.
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Re the wall, I am pondering whether the tax due date is a buy the rumor sell the news sort of thing.
Not many folks buying the rumor though. |
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$12288 game - it's gonna be 11th June.  Bitcoin trying to gain resistance support strength at ~$6900 right now. Fixed for you. Btw, this is the first Sunday we actually see a little upward move instead of the dumps we are used to in the last months. Happy (protestant) Easter all! As someone posted before, if Jesus can do it, so do BTC!  Actually, I think we had another green weekend recently. Just a small thing in the general wasteland. However, I think it's all a bit of a show. No real meaning to it right now. The numbers (volume) just aren't there yet, and we're being inundated with FOMOish news. A good deal of care is advisable. There might be a sudden, violent mid-of-week dump for all we know. That would be more unexpected than the usual weekend move, therefore more fruitful for the actor doing it. My gut tells me we aren't done with the shakes yet. Now if the month-long triangle goes on (higher lows, lower highs), maybe we might be on to something in late April/May, when people on the stock market traditionally lick their wounds. The previous paragraph is a SOMA Analytics guaranteed forecast! Enjoy! Straight Off My Ass Analytics(TM) - Almost always wrong, almost all the time! |
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my money's on the skinny Russian kid
Oops, it was Jojo's money, not Hairy's. Sorry for the mixup. I'm far from being a fan, but my money's on the skinny one too, FWIW. |
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Why do you even need a traveling salesman if you have the internet? Everyone just does online shopping.
It's old stuff, actually. Computer stuff, I think, but they figured these useless complicated things before Amazon. Now there's obviously no need. |
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No big deal. Eclair or not eclair, you have to solve some very very hard (NP, even!) traveling salesman stuff to find a path through the LN. Or at least that's what Satoshi said. Right? (No, not that Satoshi. I mean the con artist Satoshi, you know, the jerk?) /s Of course your money is on the skinny guy. |
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Masterluc: Here such a promising bull wedge on daytime drew ... If it works, there will be a double bottom. In general, there may be some bullish move in the short term with the prospect of escalation. (chart snipped) I’m going to quote Tera and complain that the bottom line doesn’t line up nice with anything. Indeed, Masterluc's magic only works in the medium-long term. We've all seen his short term predictions get a little off. |
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Good morning Bitcoinland. Back in the frozen north.
I see we're back up over $7k... currently $7044USD/$9010CAD (Bitcoinaverage).
I wish spring would hurry up, both for the Toronto weather and for the price of Bitcoin.
I left for Mexico during a snowstorm in mid-March and arrived back last night to freezing temperatures. Winter is starting to get as tedious as 4-digit Bitcoin prices.
____
Finally got my temporary dentures 3 hours before hopping on the plane and they'll take some getting used to. They feel like I have a mouthful of plastic. Halfway though my flight back I had to take them out.
They look good when they're in though. I'd almost forgotten how to grin. I'm sure I'll get used to them fairly soon but I'll still have to wait a couple more weeks before I can start chewing with them.
By next year they'll just be an unpleasant memory when I have solid zirconia teeth anchored securely in my skull. Being a Bitcoin holder definitely teaches you patience with optimism.
Thank you Bitcoin for my lovely new teeth and winter estate in sunny Mexico. Go Bitcoin go.
Good to hear you're rolling as usual. Hard as a rock! You've been missed, Jimbo. Of course we're all rational guys and all (well, most of us anyway), but "Good morning bitcoinland" messages disappearing from our discussion and an unpleasant red area appearing in the charts couldn't go unnoticed. After some exercise, looking for correlations becomes second natures, so some rationalities are being gently swayed. You are positive you have nothing to do with it, right? |
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very quick short list for a small "game list" or how i have to call it..... only when breaking 12288 dollar price..... almost same rules as the list before just a winning date AND .15 BTC for correct date only accounts with minimum 5 Merit and 20 activity (last time to many new pop't up  ) LIST CLOSES tuesday 12 CET allways CET time no execptions just for quick enjoyment normal tommorrow i look @the dates.... firts one posted has the choosen date , some one with the same date have too take another one so look out a bit.... DATES sended in PERSONAL MESSAGE will NOT count let us break back 5-digits Oh yeah - micgoossens and his games! Smells like bulls from far away...? I pick June 15 2018. I think it's not taken. If it's taken, I'd pick the closest available following day (16, 17, ...) THANK YOU MIC! |
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With apologies, well, to all, we were riffing last night on what the Linnaean classification for certain terms might be.
Things are somewhat hazy, but I remember thus far
Capitulator ad ursos - weak hand
Adsiduus ad bellos - taxpayer
Emptor fomoensis - noob investor
Anima elota - rekt
Ferox tenator - hodler
May I add, singing along the same score, Fautor sepum - hedger Fautor neapecuniarum - shitcoin shill Fautor tremens - very scared ("shitting bricks") bull Fautor prudens - somewhat wary ("ginger") bull Fautor tribuspictus - calico bull Hm, ok, maybe the last one was a bit over the top. |
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Related sentiment news.
DJIA +0.96, S&P500 +1.16, NASDAQ +1.45.
Influential Wall Street people in a closed invitation-only meeting voted against tweaking the well-known old adage. No replacement, no March, May stays. For the time being. Thanks to the Plunge Protection Team.
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Deer Gentlmen. I haven discover market he manipulate. Wales is full very badman, understand? Much times I seen big dumpings like 3-4 bitscoin alsogether, then too will buyback same big numbers coins like that much less pesos is very wicked. How you thinking my analyze? Shall perhaps we see ending of cryocurrency if happened this too much times? Is very dirty fighting this way, in my country we call him grasp the donkey by the cojones before the cocks just awake. I fear.
That's why I advocate 2-factor authentication all the way. If you solve lightning, then you solve the hard log problem. Hard log problem very easy solving. Is many hard logs in Wales. You go Wales bring good timber ax, maybe 2 (1 for bakup), make many hard good logs. Problem solve. But careful! Becase Wales full very badman, as gentlman V8 say. |
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Deer Gentlmen. I haven discover market he manipulate. Wales is full very badman, understand? Much times I seen big dumpings like 3-4 bitscoin alsogether, then too will buyback same big numbers coins like that much less pesos is very wicked. How you thinking my analyze? Shall perhaps we see ending of cryocurrency if happened this too much times? Is very dirty fighting this way, in my country we call him grasp the donkey by the cojones before the cocks just awake. I fear.
That's why I advocate 2-factor authentication all the way. |
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in this down days ... the situation is clear ... anyone manipulate the btc value.... who? (this is not a question of bulla vs bears or whales....) if a big Istitution can try to kill btc??
yeah they do... their sex pets must always at all costs accept those little pieces of papers they can print at will... anyway, I read a lot about the venezulians bitcoiners... what about the iranians? SCO security and safety from the globalists roaches + cheap and plentiful nat gaz... sun, gravity... I mean... the next china? can they produce a decent hasher? Bitmain gets the most benefit from these low prices. Jihan's demon hole has infinite number of ASIC miners so he has absolute control over the network. He is just manipulating the prices to drive out his recent competitor Halong. Halong is a newer player and don't have a big capital as bitmain so Bitmain hopes halong will eventually go bankrupt just like other European companies did. (like KNC) If Halong doesn't die soon, we can expect even lower prices. Good for us for having cheap coins, bad for us in the long term because Halong has almost zero chances to win this game. That's my guess. An interesting take. The BCH ship is sinking fast, so Dr. Wu turns to other feats. One reason why I find your guess unlikely is that IMO when Halong embarked on this endeavor, they couldn't possibly ignore the ensuing battle and its perils. So I guess their pockets are deep enough to wait out for the markets to get back to rational before their firm gets insolvent. |
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Related ill sentiment news. Have you noticed the latest days? There's rumours Wall Street people are setting up a meeting to revise the well-known adage to
"Sell in March or you'll parch."
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