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1581  Bitcoin / Press / Re: [2014-11-28] Wall Street Daily: Bitcoin Accepted Into the Mainstream on: November 30, 2014, 01:55:36 AM
Did anyone click the ad at the bottom? There's an ad for a get rich quick book and program. It's about investing in corporate reward programs and claims they are as limited as Bitcoin and have just as much growth potential. It uses many Bitcoin analogies which I find hilarious.
1582  Bitcoin / Press / Re: [2014-11-28] Wall Street Daily: Bitcoin Accepted Into the Mainstream on: November 30, 2014, 01:35:29 AM
Friday is the best day to get financial news stories. They are more likely to be true. Most people don't read on Friday because they are living for the weekend. That's the best time to release bad news and hope it gets ignored. This story is in the Friday edition because only serious people read them.
1583  Bitcoin / Bitcoin Discussion / Re: What is your favorite Satoshi quote? on: November 30, 2014, 01:24:34 AM
Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
1584  Bitcoin / Bitcoin Discussion / Re: What is your favorite Satoshi quote? on: November 30, 2014, 01:22:40 AM
What about the line from the end of his whitepaper where he says this is only a proof of concept and anyone dumb enough to invest money in it deserves to lose it all?
You made me look.  Tongue
1585  Bitcoin / Bitcoin Discussion / Re: Decentrally mined currency has failed and can't possibly be rescued on: November 30, 2014, 01:16:19 AM
Bitcoin as a virus can be easily controlled (no need to kill it for as long as government can regulate, tax, and confiscate it) as I explained in the prior post about regulating the mining pools. The people can't stand up and fight if their weapon is fundamentally impotent, regardless of how many people adopt it.

For those who say the government can't confiscate your private keys, my prior post says that it is irrelevant. They can block you from transacting, so then your private key is useless.

History is full of examples where common citizens ignored ridiculous laws until they went away. Alcohol prohibition in the 1920s didn't stop people from drinking. Doctors prescribed alcohol as medication. Private drinking clubs proliferated. Police were easily bribed because they didn't believe in that law. Slavery laws were often disregarded in favor of human decency. Traffic laws are routinely ignored.

The thing about Bitcoin is that there is no moral reason to ban it. In fact, it's just the opposite. Cash is used for violent crimes because it is untraceable and anonymous. Since paper money technology isn't banned, there is no worry that Bitcoin will be outlawed.
1586  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 30, 2014, 12:57:45 AM
oh no volume again, i hope the price is not going to dive atm  Sad
There is volume in China. Hey, that's a financial koan.
1587  Bitcoin / Hardware wallets / Re: [ESHOP launched] Trezor: Bitcoin hardware wallet on: November 30, 2014, 12:52:31 AM
Now I'm really confused. Which one is the malware, the trexor or the treXor? I guess I should hold off on buying a Trezor until I know which plugins I can use.
1588  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 30, 2014, 12:01:19 AM
Old people are stealing the future of young people, but young people are too stupid to do anything about it. Until there is a political solution for the rights of freedom from debt, they have Bitcoin.
1589  Bitcoin / Bitcoin Discussion / Bitcoin development and NDAs on: November 29, 2014, 08:15:10 AM
It's too quiet in development space. All we hear about anymore is altcoins and payment protocol layers. There's a few small hardware projects that have been slowly improving. I'm concerned that hardware development has nearly stopped, but find myself doubting that possibility. Somebody somewhere is working on something big in complete secrecy.

I wonder at the value in such a policy in this new spirit of openness. Other have expressed suspicion at hushed motives by core developers in private efforts. While some secrecy is important during startup phases, full disclosure of development should be SOP. After all, all bitcoin holders are also investors in all Bitcoin projects.

I can understand if a large enterprise doesn't want to associate its image with a politically charged topic, but we're beyond that now. Bitcoin is ready for some serious R&D for protocol hardware. I can only hope NDAs are why it's so quiet lately.
1590  Economy / Speculation / Re: Chart Porn: 30d and 6mo trends. on: November 29, 2014, 02:37:51 AM
Maybe if those were lines of coke. Wait, did I say that out loud?
1591  Economy / Speculation / Re: Do you plan to get out of bitcoin? on: November 29, 2014, 01:51:29 AM

Szabo and Wences Casares (among others) make the point that we only used gold as jewelry *because* it was monetarily valuable, so that mucks with the idea of jewelry being an "intrinsic" use for gold.
http://szabo.best.vwh.net/shell.html
http://www.youtube.com/watch?v=NERAN-89j8M



When the ladies start wearing bitcoins formed into jewelry, then I'll buy into that argument, lol.
Show me a lady that doesn't want money.
1592  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: November 29, 2014, 12:17:02 AM
The OP of this thread was banned after this thread was created,hence it shows as anonymous...AFAIK

I've heard his name was Atlas and he was just a kid
"His name was Atlas."
1593  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 29, 2014, 12:14:58 AM
Ripple is dead
Ripple is a virus. It's neither living nor dead. Its sole purpose is to suck value out of currency transactions through its non-currency xrp.
1594  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 29, 2014, 12:04:10 AM
CHOO CHOO

funny to see such an optimistm with only like 10$ pump to dump

It was $355 today and came up to $387 (Bitfinex). One of us, should seriously take some math lessons. Grin

https://cryptowat.ch/bitfinex/btcusd/3min/

Sure, in last 10 months price dropped like more than 50% , call it whatever you want, i call it bullshit

And it was like 1000% more every year, for the last 6... what's your point exactly? And why are you here? Sell it and go away... Angry

i'm here to bother you, can i?

it's about reality that BTC is dead, 5 years it was working just fine, i agree, but last year is showing that there is no more developement going on, no more new people addopting it, so fuck it, it's lost in history, believe it or not.
Google "bitcoin is dead"
About 37,900 results (0.21 seconds)
1595  Economy / Speculation / Re: Why the winklevoss ETF failed on: November 29, 2014, 12:01:23 AM
Maybe Zuckerberg is lobbying against the ETF just as a revenge against the twins.
This isn't a congressional issue. Lobbyists wouldn't have any effect. If true the drama would make a good sequel movie someday.
1596  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2014, 04:09:59 PM

CCMF
1597  Economy / Speculation / Re: Why the winklevoss ETF failed on: November 28, 2014, 04:03:26 PM
Enjoy getting burned buying on the way down.

Anyone with any real helpful opinions, knowledge, or facts???
The Winkelvoss ETF is still pending. Fact.  This thread title is false. Fact. Anything else is speculative. Fact.
1598  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2014, 01:57:33 PM
We're seeing superstition in CNY with support at 2222. China will eat your bitcoins at that price.
1599  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2014, 12:46:12 PM
Bitcoin back on track! $364...and up to infinity.
Yeah it doesn't seem to be falling into a Rule of Thirds cycle after all after the dumps. We should see a 300 EU in the next few hours.
1600  Economy / Speculation / Re: Why the winklevoss ETF failed on: November 28, 2014, 09:46:45 AM
There are many types and risk levels for investments. There's plenty of room for a Bitcoin ETF and certainly far riskier options.
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