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The Dollar is not getting stronger. The Euro is getting weaker faster. ...
If that's so, what of Bitcoin? Fell ~60% rel. $  Uranium was cheap until it was discovered what it could do. Uranium was never expensive and THEN cheap  When they started putting it in tonics, it went up. Then when they found out it killed its imbibers it went down. |
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The Dollar is not getting stronger. The Euro is getting weaker faster. ...
If that's so, what of Bitcoin? Fell ~60% rel. $ Uranium was cheap until it was discovered what it could do. |
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An interesting outcome of this, and i suspect this is similar to other coins, is that the price will tend towards the amount spent to create it.
IIRC that is what the Satoshi White Paper claimed. |
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If the ones do print out paper wallets it'll only be a matter of time before criminals target these atms with tiny cameras to scan the code automatically. They do it on fiat atms to get your pin so they can do it with bitcoin ones too.
That's why I suggested using secure cold storage wallets so a camera only gets an encrypted key. |
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The ATM is online and controlled by the operators. It is not secure enough to create cold wallet through them. But in terms of usability, I would like to transfer my little bitcoin to the printed paper wallet.
They can be designed to print secure cold wallets, but are not there yet. |
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Jim Rickards has made several successful predictions over the years. The most recent to come true is China joining the IMF to position the RMB as a reserve currency. I think he is more than 50% correct. He thinks Bitcoin will fail. I disagree with him on that. I'll BM the link and maybe watch it sometime.
What is his argument bitcoin will fail? He thinks governments will ban it, it's not a store of value, etc. He spews the usual FUD because he wants to promote gold. The same arguments can be made against gold. |
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Jim Rickards has made several successful predictions over the years. The most recent to come true is China joining the IMF to position the RMB as a reserve currency. I think he is more than 50% correct. He thinks Bitcoin will fail. I disagree with him on that. I'll BM the link and maybe watch it sometime.
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sure. What i start to see around here though is this preaching of 'hodling' and 'it will be 10k$ 100% sure' ... i think that's dangerous. And to go to the length of telling people the orders were an illusion tops it off really. Maybe next time better more accurate.
Sure, having certainty about any market is dangerous. But, to a certain degree walls are sometimes used to create misperception of support/resistance. Is something meant to create misperception not the definition of an illusion? I'm not sure what you're trying to say with the bold part, I got a parse error trying to read it. All of those "buy walls" are sooo fake... I watch many of those people cancel ALL THE TIME! That's what happens with unregulated things!!! As a perma-bear, I can tell you BTC price chart looks exactly the same as a penny stock pump and dump that waves widly in the wind back n forth back n forth until its literally worth $0.00 There's no walls high enough for Bitcoin to go to $0 I think double digits are gone for good The "wall" is never ending! There will always be more coins to dump into the market!! There is infinitely more fiat that can be dumped into the market. Yes of course, fiat is created a lot faster but NEVER will it be dumped into the bitcoin market....... Think about it, the people who have the most wealth want the dollar to survive NOT BTCThat is one opinion. Fiat is made to be dumped. That's why folks gamble. That's why banks gamble on sub prime mortgages. Why not gamble on a sure thing like Bitcoin? |
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Bitcoin is the ebola for banks.
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sure. What i start to see around here though is this preaching of 'hodling' and 'it will be 10k$ 100% sure' ... i think that's dangerous. And to go to the length of telling people the orders were an illusion tops it off really. Maybe next time better more accurate.
Sure, having certainty about any market is dangerous. But, to a certain degree walls are sometimes used to create misperception of support/resistance. Is something meant to create misperception not the definition of an illusion? I'm not sure what you're trying to say with the bold part, I got a parse error trying to read it. All of those "buy walls" are sooo fake... I watch many of those people cancel ALL THE TIME! That's what happens with unregulated things!!! As a perma-bear, I can tell you BTC price chart looks exactly the same as a penny stock pump and dump that waves widly in the wind back n forth back n forth until its literally worth $0.00 There's no walls high enough for Bitcoin to go to $0 I think double digits are gone for good The "wall" is never ending! There will always be more coins to dump into the market!! There is infinitely more fiat that can be dumped into the market. |
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Perry would love such a crisis. No matter how badly he spins it, he'll use it politically.
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Havn't see this type ATM that has the option of printing a paper wallet. but if the private key would come hidden as part of a scratch card,that How to ensure the safety,when you accidentally lost your paper wallet.
You shouldn't hang onto a private key given to you by a third party. You need to send the amount to your own created wallet just in case the company that sent it goes bankrupt and someone steals your money. It's like getting a private check and hanging onto it instead of cashing it in. |
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The only paper wallet you should take from anyone is one you can sweep into your own wallet. Never trust your keys to a third party. One exception is using a scheme that creates an encrypted wallet where the third party never sees the private key.
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I don't think they were behind the bubble. Those are all part of the world's only non-regulated speculative market. The bubble was popped by Gox losing 450k bitcoins. Now people are spooked by unregulated exchanges. Volume will return when people have confidence in exchanges again.
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You guys can blast the OP all you want, but he does have some valid points. In my opinion, the biggest weakness of bitcoin from the consumer standpoint is one simple thing: consumer protections.
1) Escrow and 2) Circle are now insuring deposits (bank like) - they won't be the last. (facepalm) Typical gloomy attitude when the exchange rate is depressed.
It's always the same, every single time.
I think this is the crux of the problem here. We all have our moments of doubt - especially when the exchange rate is shit. Over on the speculation section of the forum I think they refer to it as "shaking out the weak hands", or somesuch  Escrow does absolutely *nothing* to protect the consumer and is a false sense of security. I never understood the emphasis on using escrow services in many cases. For most transactions, using an escrow service actually adds risk rather than eliminating it -- instead of having to trust one person, now you need to trust at least two. The only reason escrow is useful on these forums is because you can reasonably determine the authenticity of a reputable member acting as an escrow agent, and you can make reasonable assumptions about what the escrow agent would stand to gain/lose by running off with the money; you can't make the same assumptions about a newbie. I don't understand. Escrow is an essential part of commerce and has been used for centuries. |
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Windows 8 made me once again hate M$
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To segue the conversation from the btchip, I do like the form factor and cheapness. I could see using them for signing multisig transactions. I would only trust the Trezor for transmitting the transaction to the blockchain. Maybe they could sell a set of the smaller USB chips with a multisig enabled Trezor.
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there's no way any of the ETF's will allow settlement for retail investors with the underlying, be it gold or BTC.
This is why any retails who buy a Bitcoin ETF are fools. All they'll accomplish is give Wall Street their money so somebody else can have bitcoins.Is that what you mean? Not everyone has a lot of cash to buy bitcoins. Instead they have funds locked into tax shelters and a Bitcoin ETF might be a good option. |
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[
Let's start with chemical manufacturing. You can be making a product that has good science behind it and a good customer base. Suddenly a lobbyist convinces legislators that claim one of the crucial ingredients may be carcinogenic. It then requires you to ship it as hazmat. Then you find out that some Fortune 100 company is now selling a similar product at Walmart and they don't have to pay large hazmat fees because they use common carriers rather than parcel services. The change in the law was not based in any good science, it was graft. That's just one agency. Then the EPA wants to put their nose into your business and some nobody bureaucrat decides that you are creating toxic waste. You offer to show them your process, but they're not interested. Instead they snoop around your land until they find some evidence of some chemical that may or may not have had anything to do with your business. Now you have an expensive lawsuit on your hands because some prosecutor wants to get promoted as a champion of the environment for political gain.
tl;dr America is toxic for business because China.
What case/incident is this? You example need citation. It's probably in some law library somewhere. I couldn't care less if you believe me or not. I've lived long enough to see many such issues. I've been to almost every state. Look around the small desolate towns where businesses used to thrive. Even NYC had its soul sucked out by franchises that can afford lobbyists. It used to be full of small shops and boutiques. Now you can't throw a stone without hitting a Starbucks. You can defend corporate America if you wish. I've left until it returns to being the free state of my childhood. |
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