Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
June 27, 2016, 08:22:04 PM |
|
|
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
|
|
|
Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
June 27, 2016, 08:28:18 PM |
|
|
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
|
|
|
Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
June 27, 2016, 08:29:11 PM |
|
|
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
|
|
|
Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
June 27, 2016, 08:29:36 PM |
|
|
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
|
|
|
600watt
Legendary
Offline
Activity: 2338
Merit: 2106
|
|
June 27, 2016, 08:29:55 PM |
|
just in case that you mist it
600watt Legendary
...snip
it is really funny to see my post made it to your thread. i was considering it myself to post it here, but then didn´t really wanted to "mess" with your thread.
|
|
|
|
Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
June 27, 2016, 08:34:44 PM |
|
just in case that you mist it
600watt Legendary
...snip
it is really funny to see my post made it to your thread. i was considering it myself to post it here, but then didn´t really wanted to "mess" with your thread. To be honest, you made me jealous because you posted it there and I wanted to have a min-fight with you over the PM Please 600watt, I consider myself a friend and brother of yours, call this thread, the thread or "OUR" thread, guys, really I mean it, it's OUR thread, not mine. Second, it really makes me happy mate to see you paste any bullish news here, and it makes me more happy to see you here frequently. The news is awesome and your commentary nailed it beautifully If I saw you've posted any bullish news out of MY thread, consider yourself dead
|
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
|
|
|
Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
June 27, 2016, 09:09:45 PM |
|
|
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
|
|
|
Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
June 27, 2016, 09:15:51 PM |
|
|
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
|
|
|
Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
June 27, 2016, 09:44:10 PM |
|
|
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
|
|
|
Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
June 27, 2016, 09:51:38 PM |
|
|
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
|
|
|
Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
June 27, 2016, 09:56:14 PM |
|
|
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
|
|
|
Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
June 27, 2016, 09:57:19 PM |
|
|
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
|
|
|
Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
June 27, 2016, 09:58:45 PM |
|
|
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
|
|
|
Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
June 27, 2016, 10:07:34 PM |
|
|
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
|
|
|
Fakhoury (OP)
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
|
|
June 27, 2016, 10:09:03 PM |
|
|
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
|
|
|
JayJuanGee
Legendary
Online
Activity: 3878
Merit: 11051
Self-Custody is a right. Say no to"Non-custodial"
|
|
June 28, 2016, 03:43:42 AM |
|
The article linked within the below linked reddit thread, describes very large increases in local bitcoin trade volume occurring in several countries, and notes that Norway's volume has nearly doubled. http://www.reddit.com/r/Bitcoin/comments/4q77xt/new_records_in_localbitcoins_volumes_in_several/Seems sufficiently bullish to me, and worthy of addition to this thread. Furthermore, increased trade volume seems to imply the potential for increases in the price - except if the increased trade volume were coming from folks wanting to dump their BTCs.
|
1) Self-Custody is a right. There is no such thing as "non-custodial" or "un-hosted." 2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized. 3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
|
|
|
600watt
Legendary
Offline
Activity: 2338
Merit: 2106
|
|
June 28, 2016, 12:45:05 PM |
|
i just stumbled over the potential bullish news OF THE YEAR (if true!) (sorry fakhoury ) (forum member elwar pointed it out in the wall observer thread.) http://btckan.com/news/topic/20469With the publication of the Civil Code General Provisions Draft, virtual properties and data have officially become Chinese people’s rights, what this means is that cryptocurrencies e.g. Bitcoin, virtual currencies e.g. online gaming tokens and data information, e.g. Big Data, shall all be officially recognized as Civil Right Objects.
Yesterday(June 27th ), the session of the 12th National People’s Congress Standing Committee(China’s Congress or/and Senate) was held in Beijing. The session reviewed, for the first time, the illustration on the PRC Civil Code General Provisions(Draft) Proposal, which was brought to the floor by the Chairman Meeting of the NPC Standing Committee. Within the draft, we see articles on virtual properties and data information, classifying them as new type of civil right objects, this means that virtual properties and data shall officially become people’s rights.
There are 2 articles concerning virtual properties and data information. Article 104: Objects includes immovables and movables. Specific rights or virtual properties defined as property rights objects by the Law, shall be treated accordingly. Article 108.2.8: (Intellectual Properties includes)data information.
Previously, the Constitution and the General Provisions of Civil Law had blurred articles on virtual properties, but, left room for further clarification: the Amendment of the Constitution in 2004 explicitly confirmed the protection on citizen’s legal private properties. This term of legal private properties had left great room for the clarification of Civil Law Property. While in the Civil Law,“private properties of citizens include legal income, real estates, deposits, livelihood appliances, historical relics, books and materials, forests and woods, livestock, other means of production granted by laws and other legal properties.” Virtual properties were not explicitly defined as citizen’s legal properties, but the term“other legal properties” left room for further clarification.
Also, China Central Bank’s The Notification on Preventing Bitcoin Risk in 2013 also clarified bitcoin’s nature. The Notification addressed that bitcoin is not published by monetary authorities hence lacking currency nature such as law-enforced-compensation and enforceability, and concludes that bitcoin is not a true currency. From its nature, bitcoin is a certain type of virtual commodity. It does not enjoy the same status of a currency in law. It cannot and should not be circulated and used in the market like a currency. But, bitcoin transactions is an online transaction of commodities, ordinary citizen enjoy the freedom of participation on their own risks.
if true, china is legalizing bitcoin. full blown. last bubble collapsed 2013 because china unofficially banned bitcoin. if no more "china-bans-bitcoin" damocles sword is hanging over bitcoin, rockets will ignite.
|
|
|
|
|
Denker
Legendary
Offline
Activity: 1442
Merit: 1016
|
|
June 28, 2016, 01:08:05 PM |
|
|
|
|
|
Bitmore
Full Member
Offline
Activity: 413
Merit: 100
https://eloncity.io/
|
|
June 28, 2016, 08:20:07 PM |
|
i just stumbled over the potential bullish news OF THE YEAR (if true!) (sorry fakhoury ) (forum member elwar pointed it out in the wall observer thread.) http://btckan.com/news/topic/20469With the publication of the Civil Code General Provisions Draft, virtual properties and data have officially become Chinese people’s rights, what this means is that cryptocurrencies e.g. Bitcoin, virtual currencies e.g. online gaming tokens and data information, e.g. Big Data, shall all be officially recognized as Civil Right Objects.
Yesterday(June 27th ), the session of the 12th National People’s Congress Standing Committee(China’s Congress or/and Senate) was held in Beijing. The session reviewed, for the first time, the illustration on the PRC Civil Code General Provisions(Draft) Proposal, which was brought to the floor by the Chairman Meeting of the NPC Standing Committee. Within the draft, we see articles on virtual properties and data information, classifying them as new type of civil right objects, this means that virtual properties and data shall officially become people’s rights.
There are 2 articles concerning virtual properties and data information. Article 104: Objects includes immovables and movables. Specific rights or virtual properties defined as property rights objects by the Law, shall be treated accordingly. Article 108.2.8: (Intellectual Properties includes)data information.
Previously, the Constitution and the General Provisions of Civil Law had blurred articles on virtual properties, but, left room for further clarification: the Amendment of the Constitution in 2004 explicitly confirmed the protection on citizen’s legal private properties. This term of legal private properties had left great room for the clarification of Civil Law Property. While in the Civil Law,“private properties of citizens include legal income, real estates, deposits, livelihood appliances, historical relics, books and materials, forests and woods, livestock, other means of production granted by laws and other legal properties.” Virtual properties were not explicitly defined as citizen’s legal properties, but the term“other legal properties” left room for further clarification.
Also, China Central Bank’s The Notification on Preventing Bitcoin Risk in 2013 also clarified bitcoin’s nature. The Notification addressed that bitcoin is not published by monetary authorities hence lacking currency nature such as law-enforced-compensation and enforceability, and concludes that bitcoin is not a true currency. From its nature, bitcoin is a certain type of virtual commodity. It does not enjoy the same status of a currency in law. It cannot and should not be circulated and used in the market like a currency. But, bitcoin transactions is an online transaction of commodities, ordinary citizen enjoy the freedom of participation on their own risks.
if true, china is legalizing bitcoin. full blown. last bubble collapsed 2013 because china unofficially banned bitcoin. if no more "china-bans-bitcoin" damocles sword is hanging over bitcoin, rockets will ignite. This is profound. I believe that there is a perfect storm forming: -Brexit, maybe more exiting, -BTC seen now as a safe place to store wealth -now China is accepting the inevitability of BTC -Greenspan claiming a disaster is coming to the dollar -The halving A perfect storm. Now seriously, any one of these can be positive for BTC, but the explosive possibility exists that we will be having a Bitcoin investors party for those who own a few BTC, on some tropical beech somewhere within the next two years, not to have to work another day in our lives if we wish. This is the most fun you can have with your pants on and without wearing a straight jacket.
|
|
|
|
|