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GREECE is an excellent reason for there to be more BTC ATMs. Last I heard there was just one for all of Greece.
There is talk of a 30% haircut for bank accounts over $100,000 euros there in Greece...
We need more BTC ATMs everywhere. And STAT!
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... BitAmigos  Well, this has been perhaps my most exciting Friday night looking at BTC transactions. But, maybe the excitement is over, for now. I have seen unflattering references to AntPool landing a lot of blocks with just their win as the only transaction. This kind of thing why I (as a non-tekkie) have no interest in trying to mine BTC, too complicated. * * * OK, back to my Lee Child book... |
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... AntPool just put up another "bad one", selfish bastids... Block 363741. Whee... (?) Penalty box for miners who do that? But with everything so de-centralized, how would THAT work? EDIT: Thanks, BitUsher, that explains something for me. |
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And WHAT has happened to all the transactions that occurred during that time frame? Do they all get recorded in new blocks? Block 363737 only has some 166 trx listed.
Maybe other tools are better than blockchain.info?
Is there a way to see recently orphaned blocks?
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... Been over 30 minutes since the 5 suspicious blocks... Um, an interesting way to spend a Friday night? * * * turtlehurricane, a PM for you. That phone number of yours seems to place you near me. EDIT: Has anyone checked the other blockchain tools? blockexplorer appears to be down / not working. |
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Just saw that myself at blockchain.info and came over here for an explanation, right place!
Chinese miners ought to take care not to screw the pooch through selfishness or whatever.
Very unusual things happening are often a bad sign. I will not do ANY transactions until we get some clarity.
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LDA
I am another who thinks that bitmixer.io offers a great service, I have used them many times. bitmixer does a great job of hiding origin / destination addresses (at least superficially -- which is all I care about, I doubt that you could hide anything from .gov...). I used their service several times, THEN I went with their Signature Campaign.
blockchain.info's SharedCoin also mixes coins, and for very cheap, but it does not do as good a job of breaking the link between sending & receiving address. If you do not have to have ABSOLUTELY 100% anonymity, it may be good enough.
You can also run both bitmixer and SharedCoin "in sequence". That, I think, would hide your trail about as well as possible (and cost 1% or less), perhaps barring the TOR (".onion") services.
EDIT: No registration (or other ID) is needed for either bitmixer or SharedCoin. Follow instructions carefully! <===
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TPTB
I responded in "the other thread", but so as not to cheat bitmixer, I do not want to duplicate my message here.
I applaud ANY efforts to make BTC better (or create a better successor).
* * *
Yes, I see LOTS of people paying with cards too (esp. at 7-11s). And there IS a War on Cash, no doubt. But, IMO, the War on Cash may be slowed in that cash is great for corruption... But, you and Armstrong are right, the War on Cash is the likely trend, even if it takes a while (my guess).
Re gold, I have taken careful note of your predictions, in particular 2017. Should there be a combination of 1984-style Big Brother and a sharp rise in the price of gold (say $3000) around that time, yes, OK I will sell some. And probably buy a crypto that I can figure out and that seems more .gov resistant. Balance the portfolio. If gold does not reach the $3000 or so, well tough luck. Life is an experiment.
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... TBTP Yes, much of my motivation to buy gold and other PMs has been based on fear, fear that our financial system is (will be) FUBAR, with very bad consequences to everyone, but more so to the unprepared. Gold is part of what I hold, and I have been a small-time buyer of gold since the 1980s. I am well diversified outside of PMs, they in total are less than 12% of my net assets. Much of my diversification desire is based on the fact that I have been a lousy predictor of the future. I have no idea of which scenario(s) will play out. Some of them may be very ugly. If things do get very ugly, gold will be a part of the solution (perhaps, perhaps not). Throughout history, there has always been someone around who will take your gold. They would have to confiscate the guns before they try for the gold, there will be resistance.[My comments in no way diminish any work you are doing re making our future more secure via the Knowledge Age] <--- * * * cypherdoc There is a BIG DIFFERENCE between gold miners and gold held in your warm hand... Miners are stocks, and often miners are very poorly run. Mines can also be confiscated easily by the countries where they are located. The fate of actual gold vs. the gold miners is likely to be very different as time goes by. There is a wonderful quote by Mark Twain to the effect of "A mine is hole on the ground with liar on top." I have visited gold mines, and I own no gold miners. |
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nutildah
That's an interesting report, thanks for sharing.
Encryption is wildly complex, I am happy to see that MIT may find a way for others to use encrypted data without having to expose "the family jewels" to the public (or competitors). I can see the use of such technology to analyze our own company's data when it gets tot he point where it is too much for me. And yet be able to keep such data confidential.
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... "Paper Gold" may indeed drop to $400. The physical, held in your own possession, will likely do just fine. Silver, well, I have some doubts. The Central Banks hold no silver, just gold.Silver (and platinum & palladium) is used in industry. Silver DOES have a historical role as money, platinum and palladium do not. Platinum and palladium perhaps are for optimists (as the world economies do better, so should the platinum group metals). Silver perhaps as well. * * * Note that I do not think that silver will fall into a role again as "money". In recent hyperinflations (Yugoslavia, Zimbabwe), silver was not used in retail commerce. What did they use? Currency. Sometimes local, sometimes US$, sometimes DM. Still, if anyone likes precious metals, consider holding more than just gold. My analysis above could very well be wrong, or a bad prediction of the future. What you really want is diversification! Bitcoin counts as diversification... Perhaps another "coin" will come along and work better than BTC, I know that some here are working on it... |
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galdur
That's a great chart there (S&P and margin debt), it sure puts those two indices into perspective.
I am not into technical analysis, but I do like studying financial history. That chart is part of today's lesson. The other part of today's lesson is what happened in stock markets around the world re Greece.
Next up? China? Spain/Portugal/Italy?
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I gotta say that PM's today are at there sucky low levels in spite of a decline in the USDX. This surprises me more than a bit.
You wouldn't be the least bit surprised had you been following Armstrong since he has been predicting that and has explained long before it happened why it would be the case. My sense is that there is a lot happening behind the scenes and I'm inclined to be prepared for anything as a result of the grexit or threat there-of. Thankfully I don't have to worry about a lot of other 'vestments since I deliberately keep my 'portfolio' pretty simple. Were I not to do so I imagine that I might have some trouble sleeping over the next block of time.
You should be worried, because it appears you don't have a correct conceptualization and thus you could lose a lot on those few investments. In particular, Bitcoin is going to take a nose dive to double-digits after this current bounce (which should top out at about $315). Actually, tvbcof, a diversified portfolio (but not so complex that it's hard to manage) should make you sleep better. TPTB and I have been trading, erm, "suggestions" re gold, and I would have to admit that he is right so far (gold has been going nowhere lately). I hold Bitcoin as well. And a variety of other assets as well. But, I am taking a longer view, and I am more uncertain than TPTB is. I HODL BTC and gold. My BTC investment is relatively small, it's really more for my education than looking for a big payback. I am trying to keep up with the current BTC issues/problems, but the nitty-gritty is WAY above my paygrade. I also am looking forward to substantial improvements that TPTB says may be coming soon. TPTB's recent record (all I have convenient access to anyway) is quite good. I am paying attention to his call re BTC to go to perhaps $315 or so before tanking to double-digits. Perhaps if we move up $30 - $40 more per BTC "soon", I may buy a wee-bit more gold with some of it. But, no way I am cashing in "my experiment" in digital money. [Edited above for clarity] |
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It might be hard in the very short-term for Greeks to pile into BTC now, at least with the idea of taking wealth out of Greece (to Switzerland, etc.). But, Greeks will remember these days, and I would think it very likely that once the banks are open again, there will be a nice of Greek euros into BTC. If I were Greek, I sure would be buying BTC as able, now and in the future...
Greece is pretty small to affect the BTC prices worldwide. But, it may not be too much longer until the next financial crisis, and people will start putting together an ugly picture: Cyprus, Greece and Xxxxxx (Portugal, Spain, etc.). THAT is when, IMO, BTC starts revving, at least in Europe.
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I was only five years behind you, TPTB! I got out in 2008 right before the big storm hit.
Retirement accounts are one of the last "Big Pots of Easy Money" for .gov to steal. If my figure is correct, that is over a trillion dollars. That would cover the budget deficit for two years (not counting budget tricks).
I am looking forward to Armstrong's comments re Greece tomorrow and the near-future.
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Yes, I too would be interested in learning more about "other ways" to mix BTC.
I do not use (nor even know how) to use TOR, so I cannot comment on the .onion sites, but, I would presume that bitmixer.io's site would work pretty well. Juat make sure that you have the genuine bitmixer.io .onion site.
I would also invite anyone's comments who has used either dark mixing site.
* * *
Given enough bother, I think that a technique *sort-of* similar to what hua_hui outlined might help a little: sending BTC to many sites (using many wallets as origins and destinations), and then several times, might work a little to disguise a trail, but would not likely work against a determined opponent.
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Here's what I would be watching for.
1) If there is a "contagion" (problems similar to Cyprus & Greece spreading to countries like Spain & Italy), and if the negotiations for other countries go poorly, then bigger countries like France are at risk. If France has big problems, then Germany will for sure. If Germany looks like it will go over the falls, then the USA will too -- in 48 hours, maybe less.
2) Perhaps the ECB and European leaders will decide to "Ctrl P", print the money to cover losses from Greece. Zero Hedge JUST reported that the Euro was down almost 1.5% (trading started some 40 minutes ago if I read that right). 1.5% is a big move in foreign exchange.
3) One should not forget about or ignore Japan and China. Both are places where an accident could easily happen.
4) My guess is that the US$ will be a relative safe haven, for at least a while.
* * *
Watching and taking action are two different things. Even in America it now seems prudent to have a big chunk of CA$H outside the banks now.
Gold and Bitcoin too.
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Breaking news at various news sites state that the banks in Greece will be closed on Monday, maybe for a while. The Troika and Greek .gov finally hit an impasse. No ATMs working, and cannot get cash from the banks.
To my knowledge, this has not happened in the USA in my lifetime.
Reuters also reports that the Athens Stock Exchange will not open.
Imagine you are a tourist in Greece now... Or you (a Greek) never took some money out of the bank...
* * *
BTC price (various sites) around $248 - $250. Let's see if this changes during the course of the day.
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K0ji
I always welcome new BTC mixers, as having more options is a good thing. But, a 5% fee for small amounts (under 25 BTC) is very high.
bitmixer.io charges an amount that you can vary somewhat, but it comes in at roughly 0.7% or so.
SharedCoin (blockchain.info) comes in at around 0.5%, but they recently changed their system, I will have to look again.
I have used both bitmixer.io and Sharedcoin many times, they both are perfectly legitimate services that do as they promise (although SharedCoin is sometimes down). They are not questionable at all. Your fee of about EIGHT times as much as your competitors is likely to not attract too many customers...
* * *
As always, anyone using bitcointumbling.com is more than welcome to tell us about it!
Did their service work as advertised? Any problems? Low taint?
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