None of the bitcoin markets can withstand any real test of traffic, liquidity, and money flow. They don't even have the competency or tech support to handle all the issues once traffic starts. Right now traffic is a joke and is just major bubble/overbuying.
Telling bitcoin to hit the moon (i mean like more than 1k-2k), but the space station is busto...
You're using Bitcoin version 0.8.6  0.8.6 (beta) Edit: the 'official' release party should be a doozy, good for major rally too maybe? |
|
|
|
Oh and here we go with the strict regulators of newyork. I think they wouldn't be able to stop it of course but they might make it illegal to just send btc's without a licence. I think we should wait and see.
No, now they realise they can't stop it they want to do the next best thing, take a cut. The elite ticket clippers always use 'licenses' to get their skim up front. |
|
|
|
What would it take for Bitcoin to go back to $10? I don't forsee that happening.
Because bitcoin is a bubble with no real value. Someday this will appear clearly. why dont you enlighten us all. I never really thought about it. ... you're implying he did? All money is a bubble. The monetary premium placed upon a good, over and above it's cost of production, is the shared confidence of the users of the money, i.e. a bubble. Houses are being monetised, art is being monetised, antique cars and machinery are being monetised. The grand fiat monetary experiments have fucked up the money markets beyond all recognition. Money, confidence and value are pouring out into every other asset class capable of being monetised. Bitcoin is in bubble yes. But the higher and longer up the adoption curve we go the LESS risk we have of ever coming back down in the near future, probably not in any of our lifetimes. As bitcoin grows in size, acceptance, recognizability and price the longer the total life of bitcoin is assured. The bubble will eventually deflate but not soon enough for mah87 to remain bearish for his entire life. |
|
|
|
You choose Zimbabwe as a good example, because its a totally screwed up country run by a total evil, screwed up dictator. Perfect for a bitcoin revolution. But how many Zimbabwians actually hold bitcoins even given their inflation rate? Argentina is falling over but no evidence Argentinians are buying bitcoins in any numbers.
The revolution is coming. But it won't be parabolic. It will be a long hard fight to be free.
... the long hard fight has already been. Cryptographers have been working on this concept for ~ 20 years. The end will come quicker than you can imagine and fiat will simply expire with a whimper not a bang, like snailmail, when was the last time you wrote a love letter? |
|
|
|
Is it safe to use it?
Moot question ... unless it was directed at a third party? |
|
|
|
|
... the cash notes technically are not owned by you either, even if you have them in your hand legitimately.
Take a look on the front, it says right there on it that it is debt belonging to the Bank of England.
... the rabbit hole of the monetary deception is very deep once you choose to go down it. The whole system is one layer of debt built on top of another. Get this in your head, they let YOU OWN NOTHING.
|
|
|
|
|
... yet another economist has jumped the shark on bitcoin. And not the first 'nobel' laureate either from that dismal field.
It's going to be great trawling out all these stupid-ass comments from the establishment in a few years time to rub their noses in their own BullShit.
Edit: also means more time for the little people to get in to bitcoin and protect themselves from the ravages of fiat that these would-be-master have wrought on their life savings. The arrogant will be the last to enjoy the benefits, and so they should.
|
|
|
|
... it is fast approaching, once passed there will be no going back. No one will want to be left holding devaluing currency, history is replete with many, many examples. This is what makes central bankers so nervous, they know history and they are trying with all their might to prop-up an unstable equilibrium. Wealth and value always naturally flow to the medium of most utility, best store of value (i.e. the best money). The forces they are fighting are immense and powerful, the tide of human nature will not be contained.  USD$100 trillion notes are the kind of crazy things you will witness inside the fiat black hole ... |
|
|
|
for former NSA contractor Edward Snowden if he took responsibility for leaking classified documents that exposed the agency’s vast surveillance operations. ... yeah, just as soon as NSA is going to take responsibility and consequences for violating and systematically undermining the Fourth Amendment and Rule Of Law ... |
|
|
|
... because the NY financial regulators have done such a stellar job with the criminals infesting Wall St.  ... keep smoking that delusion pipe, it seems to be working for you. |
|
|
|
So Lew and Dimon working together to talk down bitcoin? ... ergo, they want to buy in lower |
|
|
|
These guys only ever talk their book ... i.e. he's looking to buy in lower A quintessential Goldman Sachs "rip-the-faces-off-the-muppets" moment, cherish it. |
|
|
|
Turns out I underestimated the power of bullshit
I love how gold-bugs are never wrong but it's the real world that's astray because of divine intervention. Deus ex machina... or aurum ex machina? .. the real world is astray because of central bank intervention, that much is obvious ... not sure CB's are 'divine'? maybe in your world? |
|
|
|
Yer dreaming. I watch these shows on cable TV of these schmucks working their asses off mining gold in AK, the Yukon and even offshore to mine gold at $1200/oz. if the price doubles, every swinging dick with a shovel and a gleam in his eye will be out there with them. Gold WAS money. real money. free market money. It's easily recognizable, fungible, divisible portable and scarce. Bitcoin is MORE fungible, recognizable, divisible, portable and scarce. There's enough gold on the planet to cover the surface eight feet thick. You wanna dig it out of one hole, put it in another and pay someone to guard it. Good luck with that. It was awesome 18th century technology, but this is the 21st century.
We are never going back to a gold standard. I hate to agree with the asshole Kenesians, but they're right on this. You might use it like Goat does to trade in some mountain village in Burma, but in the real world you live in, it's good for speaker plugs and trinkets. Five thousand years was a good run. It's over. over. We used horses for five thousand years too.
Yep. Took me a long time to see that too. The reason why gold cannot be a principal currency in daily use ever again is because it is so unwieldy for face-to-face transactions and can't be used for remote transactions, which are most, by value in a modern economy. A gold-backed debit card is very nice, but who can trust someone else with their gold? Even the German government can't get its gold back. So fiat is needed, was needed until recently when crypto was invented. All in then?  |
|
|
|
Extreme wealth may be insanity, but bitcoin is the most democratic money on the planet. in a free market, wealth distribution is still unequal, but less so because the marginal utility of money is like any other marginal utility. Only with the uneven playing field created by the State can wealth disparity reach the levels we see today. I want to see some rigorous studies done to demonstrate these facts unequivocally ... I'm quite sure it is the case. If we had some good observational evidence of this we could rub the Statists' noses in it every time they bring up their mad-cap wealth inequality and taxation, property redistribution propaganda. The wealth inequality is the direct product of the State, and mostly Central Banks, interfering in natural free market processes of creative destruction that remove wealth from incompetent, corrupt or simply unfortunately-timed ventures and places it in areas society demands. With the massive capital mis-allocation practised by the Central banks, and their cronies in the Mega banks, wealth is pooling in ever increasing size in essentially useless holdings, while much of the world starves for liquidity and is over-run with unpayable government debts. |
|
|
|
I wonder what a Forth expert would make of Satoshi's choice of opcodes. Did he lift it from somewhere, does it look like the work of an experienced Forth hacker? My only experience with Forth is playing around with PostScript a bit, so I can't tell.
... rich vein this one, imo. |
|
|
|
Interesting that Bloomberg is publishing an article like this ... first of its kind in mainstream financial press I think. Who would have thought 18 months ago Bloomberg would give 2 secs to write about bitcoin market sentiment? Portends of wall st. money in the game ... looking to buy lower no doubt  |
|
|
|
Gold still has uses. I can trek anywhere in Myanmar pull out some gold or silver and buy whatever I need. If I tried to use BTC I would starve. I would have to tell them how a computer and internet worked before I could even start to tell them about BTC...
Gold is not dead yet but yes, crypto-coins have made many a gold bugs worry I'm sure.
Anyway I'm still holding to the 5% to 10% of my holdings in PMs and think we will have at least one more massive run up in price before its dead for good.
I'm like 85% crypto and 5% cash.
what the hell did you do to your name? ... It's tough at the top? ...  |
|
|
|
Yep, looks like the germanic branch of the cartel has taken umbrage at not getting it's gold back from the yanks in a timely manner ... we are v. close to the full-blown family bust up ... I believe old Queen Lizzie poking her nose around in basement of Bank of England last year was no accident and more than merely symbolic, something's up ... |
|
|
|
|
Telegraph is officially the shits ... it used to be okay and informative, now it is thorough soft-prop drenched establishment rag.
|
|
|
|
|
Show Posts
