Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[empowering]

Maybe you guys have missed this article from the Guardian...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis

TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.

Well, it won't be boring...

Saw that, interesting.

[macsga]

Maybe you guys have missed this article from the Guardian...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis

TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.

Well, it won't be boring...

Saw that, interesting.

Things have been seemingly normalized for the time being, so such a scenario is rather distant, but... it could be really funny to see what happens when such a coin emerges.

[silverfuture]

Maybe you guys have missed this article from the Guardian...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis

TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.

Well, it won't be boring...

I hope he doesn't try to make a competing alt to bitcoin. Possibly bullish for bitcoin in the short term but I think that would be bad for Greece in the longer term when considering this: http://www.joecoin.com/2015/02/crypto-20-and-other-misconceptions.html

[hdbuck]

Maybe you guys have missed this article from the Guardian...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis

TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.

Well, it won't be boring...

Saw that, interesting.

No, its not. Thats just plain BS. Pointless political gesticulations.
Like how they are just backing up for 4 miserable months of further debt.
Truely pathetic.

[empowering]

Maybe you guys have missed this article from the Guardian...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis

TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.

Well, it won't be boring...

Saw that, interesting.

No, its not. Thats just plain BS. Pointless political gesticulations.
Like how they are just backing up for 4 miserable months of further debt.
Truely pathetic.

meh... it is interesting that Blockchain tech is being talked about in these contexts (and being covered by the guardian) is all I meant.... I do not think they are likely to actually do anything like this anytime soon.

[macsga]

I've long considered a country to back bitcoin as a second currency. I couldn't think about Greece though. I mean; imagine that every citizen would have to pay -inside the country- in Bitcoin.

Then every person wanted something that Greece produces would have to pay in Bitcoin (exports). The debt would be in Euro, but Gresham's law is relentless. I'm sure Varoufakis is smart enough to think this long before I did; but still, I don't know if it's feasible for such a policy to be formalized in Greece under the current circumstances.

I think the EU won't let it happen.

[NotLambchop]

GreeKoin is the next cryptofad.  Time to pass the baton, Bitcoin!

[hdbuck]

Maybe you guys have missed this article from the Guardian...
http://www.theguardian.com/commentisfree/2015/feb/22/can-a-parallel-digital-currency-solve-the-greek-financial-crisis

TL;DR
Varoufakis may have considered a parallel "bitcoin-like" tax currency.
If things go badly for Greece, finance minister Yanis Varoufakis has said he would consider creating a parallel digital currency, using Bitcoin’s digital security and transparency, but doing the exact opposite of what the money fundamentalists intend.

Well, it won't be boring...

Saw that, interesting.

No, its not. Thats just plain BS. Pointless political gesticulations.
Like how they are just backing up for 4 miserable months of further debt.
Truely pathetic.

meh... it is interesting that Blockchain tech is being talked about in these contexts is all I meant.... I do not think they are likely to do it anytime soon..

Sure sure, but that 'blockchain technology is what matter' is typical of the BS destabilization of bitcoin discourse by govs and other powers in place.

Just remember, Bitcoin's fundamentals are not fungible with government interests. Never.

That's the essence of Bitcoin. That's why it shall succeed.

Let them dream about their debtcoin and other fedcoin. There wont be anything innovative about that anyway.

[NotLambchop]

^Moving.  Leveraged long, I take it?

[hdbuck]

^Moving.  Leveraged long, I take it?

actually im short of a bit. but the remaining longs are QE leveraged. yeah.

[manfred]

Thankfully, the Silk Road was eventually shutdown - the price of the bitcoin dropped immediately and sharply (though today reincarnations of this dark bazaar now exist).

After 14 days, the price was higher than before Silk Road was shut down. Then the price increased 10x in two months.

Look what happend to bitcoins price once it broke free from the shady silk road dealings

[NotLambchop]

^Moving.  Leveraged long, I take it?

actually im short of a bit. but the remaining longs are QE leveraged. yeah.

Not even gonna ask...

[macsga]

@hdbuck: I agree; there are paradigms of digital currencies that have a centralized authority to monitor/mine for them (ie: Ripple). I'd say though; incorporating bitcoin instead is not a bad idea at all. Maybe it would have been the BEST idea as a move towards a better/healthier monetary system. We only need a spark for a fire...

[hdbuck]

^Moving.  Leveraged long, I take it?

actually im short of a bit. but the remaining longs are QE leveraged. yeah.

Not even gonna ask...

cool. now get back to your trolling. you shoudl feel itchy by now.

[ChartBuddy]

Coin
Explanation

[NotLambchop]

@hdbuck: I agree; there are paradigms of digital currencies that have a centralized authority to monitor/mine for them (ie: Ripple). I'd say though; incorporating bitcoin instead is not a bad idea at all. Maybe it would have been the BEST idea as a move towards a better/healthier monetary system. We only need a spark for a fire...

[hdbuck]

@hdbuck: I agree; there are paradigms of digital currencies that have a centralized authority to monitor/mine for them (ie: Ripple). I'd say though; incorporating bitcoin instead is not a bad idea at all. Maybe it would have been the BEST idea as a move towards a better/healthier monetary system. We only need a spark for a fire...

Governments are incapable of implementing a 'healthier' monetary system.. Thats why they passed the baby on to banksters.

Just let the people decide. Im kinda sick of all those people begging for permission and regulation. Viva le free market.

[AtheistAKASaneBrain]

Im going to develop priapism in a couple of years looking back at all the no-coiners vomiting against Bitcoin in threads.

[silverfuture]

Im going to develop priapism in a couple of years looking back at all the no-coiners vomiting against Bitcoin in threads.

Put that woody away!  They aren't no-coiners. They are working scammers.

Good morning gentletrolls. Don't forget to punch in...

NotSheepDog

[NotLambchop]