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861
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Other / Off-topic / Re: Bitcoin's lament...
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on: May 09, 2014, 12:59:27 PM
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Curse you, Blitz!
And, thanks for the link, t.stuart. Jaques Loussier is great, and I didn't know this performance. Love it.
Did you recognise the piano riff starting at 3.35? It comes from another Loussier tune, Pulsion. Dr Dre ripped it off for Eminem's The Marshal Mathers LP. They settled out of court when Loussier sued them for $10 million!  |
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862
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 09, 2014, 10:51:19 AM
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I hate censorship, but I must point out that reading that note as "China is afraid of bitcoin" is just wishful thinking.
That's the great thing about it. They are banning it too quickly which will leave them with less control in the long term - thus the FUD is running out and in my opinion people will once again be taken by surprise at Bitcoin's resilience. |
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863
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Other / Off-topic / Re: Bitcoin's lament...
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on: May 09, 2014, 10:36:22 AM
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Just thought trolling could perhaps be a little more musical at times...
Thanks for the great links!
Quick, post more links, before Blitz ends our little classical music party... https://www.youtube.com/watch?v=1xhCdyQ_8Wg(Heifetz is already is already quite old in that one, maybe not hitting all notes quite as precise as when he was younger. Still, it's my favorite recording of the Chaconne, particularly from around 4:40 onwards) Very nice video. I am not such a fan of the violin but when you watch and hear technique like that I find it can take over any personal preference of instrument. Still Bach, but a light version (too light some might say!): http://www.youtube.com/watch?v=eaobMVdhUC8I love the bassist accompanying Jacques Loussier. A musician called Vincent Charbonnier, who sadly had to give up performance after very serious health problems. Annoyingly the sound is slightly out of synch with the video but it's still great to watch. |
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867
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Economy / Speculation / Re: I give up
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on: May 07, 2014, 06:17:21 PM
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During the coming uptrend, which is a continuation of the past uptrend, and which will last maybe 5 years, maybe 10, maybe more, there will always be a large number of people who think they are too late. This is probably the main reason why there is a stretched out uptake, even after the point that everybody know what bitcoin is.
+1 |
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873
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: April 28, 2014, 07:09:51 AM
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The discussion may have gotten too confusing. I am trying to understand why the Chinese government felt necessary to further restrict the money flow to the exchanges, if they do not intend to ban bitcoin outright.
Until a month ago, the bitcoin situation in China seemed to be "safe" enough from the Chinese government's viewpoint. Bitcoins could not be used in commerce (so the yuan's role as the only currency was assured), could not be handled by banks (so their financial stability was assured), and could not be bought through e-commerce sites. For the most part, they could only be exchanged by yuan inside the exchanges, who would surely hand over all their deposits and withdrawals records to the police if requested.
So it would seem that there was no room to use the exchanges for illegal money transfers (bribing, money laundering, drug traffic, whatever) without the police being able to detect and trace them.
But the Chinese government was not satisfied, and the apparent reason for the further round of restrictions was continuing concern about illegal money transfers in or through the exchanges. So, what were they still worried about?
I believe the way you are thinking is exactly the outcome hoped for by the Chinese government. They know that if they simply ban Bitcoin outright then there will be no more downside to the price. There will be no more tools left to manipulate the market downwards. Price discovery based on a Chinese black market will become established; then Bitcoin is on its next bull run. They prefer to depress the market with myriad smaller rules and regulations, disseminated via third-party rumours and in an atmosphere of confusion: the most effective way to keep Bitcoin in check. For Bitcoiners, thinking Bitcoin is banned in China would actually be the way forward. Too many are intent on yelling "Bitcoin is not banned in China!" from the rooftops. Until this stops the FUD remains. |
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880
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Economy / Speculation / Re: DID GOLD JUST HIT THE FAN?
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on: April 24, 2014, 12:02:34 PM
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Just out of interest, what generic term would you apply to people of your disposition? I mean, you go on about Bitcoin Nutter, the Man, etc. What would you class yourself as? (No more than 2 words please)
'Silver Sucker'. I have drank the Kool Aid (Silver Stacker's Kool Aid) I know it's dangers, and I won't drink it ever again, regardless of what flavour it is. Thanks for the insight! |
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