Brexit, once confirmed, over 800$ then halving over 2000$ Then I sell my coins and I go to Bahamas.
Brexit and politics are, generally speaking, not serious pump material. The Elite will manage any eventuality. On the other hand, concerning BTC supply, minus 666666* bitcoins per year, in annual production, yes, that's the good stuff. If 10-20-40k coins auctions are "big news", imagine -666k coins per year  * Approximation by <2%. |
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Someone really wants the price to be 666
Best price ever  |
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If you are talking about Monero the difficulty retargets at every block, such attack is not possible. Cryptonight isn't very ASIC-friendly so you'll have to spend in real GPUs and CPUs to attack.
Renting cpu power shouldn't be a problem. |
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The wall observer post was probably removed for mentioning DASH. Too many complains of altcoin pumping (specifically ETH).
Yes. I mentioned Dash. Thats why it got deleted. I'm usually scrupulously careful about not mentioning Dash on there but thew my scruples out the window on that particular post cos I saw Bitcoin was rolling over anyway and the fun was up for a while. (P.S. They don't mind anybody mentioning Ethereum  ) I've seen people complaining about lost posts containing the word. |
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The wall observer post was probably removed for mentioning DASH. Too many complains of altcoin pumping (specifically ETH).
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You have to remember that there are some pretty big whales that pumped it to 1bn+ marketcap. They may not want to write off their losses, doing whatever it takes. Trade ETH with caution, either way.
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Even more amazed by the opinion that if you make softporn or hardwork and return those coins then lost confidence in the coin, price will crash and all is lost.
 Is that google translate or something? |
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We are talking about bubbles in a highly undervalued asset, just because price appears "high" due to a small number of coins.
The exact same asset, if counted in 21bn millibits, would sound "very cheap" at ...75 cents and people would be like "ohhh it'll go to 1-2-10-100$ easy".
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Did any of you made even made a small thinking exercise, on the matter: What happens when BTCitcoin actually costs too much fiat paper to be bought?!?!!
How much is too much though? I mean people are buying ounces of gold at ~1400 per coin and kilobars at 42.000 per bar, so, there's definitely a looooooot of upside. |
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What I mean is, you go to a country where its laws can target you if you reveal yourself as satoshi. You decide to do it despite that but then remember that if you do it you'll have an "issue". That's not logical. It sounds like excuses for the last step of verification.
In any case, if local laws were the problem, he could have done it elsewhere...
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The next day, he sent me an email. It linked to an article headlined ‘UK Law Enforcement Sources Hint at Impending Craig Wright Arrest’. The article suggested that the father of bitcoin might be liable, under the Terrorism Act, for the actions of people who used bitcoin to buy weapons. Under the link, Wright had written an explanation: ‘I walk from 1 billion or I go to jail. I never wanted to be out, but if I prove it, they destroy me and my family. I am the source of terrorist funds as bitcoin creator or I am a fraud to the world. At least a fraud is able to see his family. There is nothing I can do.’
So he went to the UK to make a revelation that would target him with the local UK-antiterrorism law, and despite already having one similar experience in Australia where he started being chased down by the authorities after some press articles, he pretended that this was not an issue (is he a total idiot?), until he was asked to sign something for the public when he "remembered" that he would be ...targeted for revealing his id so he had to ...back off. Seriously?  |
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Now think again on what is happening. It's just too sad that the lightning network isn't here already. If it had been, venezuelas economy would bleed off into bitcoin in no time. At least a part.
It wouldn't, because people don't have tons of USD to spend buying bitcoins. Nevertheless it creates an interest. And I didn't say the whole economy moves over. It doesn't have to anyway. 10% Gross domestic product. 443B Dollar. There is value being created and circulating. You can offer services for bitcoin. I assume a lot of dudes there doing online business and any form of self directed creative work already do. Other people have commodities. And a currency with currently almost 500% inflation rate per year (the figures in the original post only go to dec 2015) doesn't cut it for almost anything. It's getting significantly less valuable if you don't spend it directly. Even bitcoins worst drop from 1200 to 200 is only as bad as that inflation rate. And now it is worth more again. So, whomever can get their hands on bitcoins down there will do so. The arguments regarding inflation are valid but finding bitcoin in countries with capital controls is very hard - unless the country is mining them. You are a venezuelan. Where do you find bitcoins? You can't buy them online, you can't wire money abroad to buy them, so? You'll have to either find them from another venezuelan (who has the same problems as you in obtaining them), or start selling things or services abroad, for BTC. But if you are gonna go that way, you can also ask USD. It will be -for practical intents and purposes- equally safe from inflation compared to the local currency, and more accepted than BTC. Granted, BTC has greater upside potential, but that's where the arguments end. At most a few "pockets" within the economy, surrounding extroverted sectors that are involved in cross-border trade and selling of services, can benefit from hard currencies, BTC, etc - and these alone are not enough to create a spillover effect to the rest of the economy. BTC is better suited to countries like China which has trade surpluses, huge deposits but also experiences fears of devaluation and stock market crashes - so even if Chinese use it as a small percentage of their portfolio, they are ok. They can also mine BTC locally which means they are not handicapped even in a capital control scenario - as they have a big internal market all of their own in CNY. Other countries that are good candidates for BTC, are those who don't have capital controls, have a good level of wealth and their currency is problematic in terms of devaluation. Good candidates are also countries which *might* impose capital controls - so you want to be ready there. |
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Now think again on what is happening. It's just too sad that the lightning network isn't here already. If it had been, venezuelas economy would bleed off into bitcoin in no time. At least a part.
It wouldn't, because people don't have tons of USD to spend buying bitcoins. |
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Hackers ain't gonna wait 30-35 years. If the security scheme is obsolete, they'll hack his money at first opportunity.
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One of the interesting side effects here, is that while regular contracts need lawyers to check them for loopholes, now smart contracts need coders-hackers-security specialists to check them for code exploits...
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Winter Weekend is coming...
Curious to see what happens by Monday morning.... 700, 800, 900, or even 1000+ ?...
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