ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 06, 2015, 01:57:58 AM |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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BlindMayorBitcorn
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Activity: 1260
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May 06, 2015, 02:03:24 AM |
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Is there anybody...
out there?
No , it's just you , the walls , and that mysterious wall on an unknown exchange tabata11 was talking about. I'd be happy to observe walls with you, brother. Unfortunately I'm just sort of the entertainment. (Imagine an unpopular lounge act playing the night show in a closed theatre.)  |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 06, 2015, 02:57:57 AM |
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JorgeStolfi
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May 06, 2015, 03:03:27 AM |
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As I am one who is part of everyone the answer would have to be one.
Bertrand Russel "If we assume that a single false statement is true, for example that one plus one is one, then we can prove anything -- for example, that I am the Pope" Skeptic: "I doubt that you can do that. Show it." Bertrand Russel: "I am one, the Pope is one. If one and one is one, then the Pope and I are one." |
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Chef Ramsay
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Activity: 1568
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May 06, 2015, 03:08:09 AM |
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This page is over 50% ignored and a quarter of chatbuddy, lovely. If you know you're not comprehensive or needed here, just bow out would ya.. Leave this place to respectables, mods could help the cause.
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Omikifuse
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Activity: 1750
Merit: 1009
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May 06, 2015, 03:23:05 AM |
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This page is over 50% ignored and a quarter of chatbuddy, lovely. If you know you're not comprehensive or needed here, just bow out would ya.. Leave this place to respectables, mods could help the cause.
your post is the first one in this page. Are you predicting the future? |
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Walsoraj
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May 06, 2015, 03:25:50 AM |
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As I am one who is part of everyone the answer would have to be one.
Bertrand Russel "If we assume that a single false statement is true, for example that one plus one is one, then we can prove anything -- for example, that I am the Pope" Skeptic: "I doubt that you can do that. Show it." Bertrand Russel: "I am one, the Pope is one. If one and one is one, then the Pope and I are one." See also, the BOOM argument. http://en.wikipedia.org/wiki/Principle_of_explosion |
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Wary
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May 06, 2015, 03:56:32 AM |
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ChartBuddy
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Activity: 2156
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May 06, 2015, 03:58:04 AM |
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JimboToronto
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Activity: 3990
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You're never too old to think young.
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May 06, 2015, 04:02:47 AM |
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You ignore Chartbuddy? I consider Richy_T's bot to be perhaps the most valuable poster here. To group it in with a bunch of trolls is unfair IMHO. |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 06, 2015, 04:58:26 AM |
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Wary
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May 06, 2015, 05:29:34 AM |
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You ignore Chartbuddy?
I consider Richy_T's bot to be perhaps the most valuable poster here.
To group it in with a bunch of trolls is unfair IMHO.
Don't anthropomorphize bots. They don't like it Ignoring somebody is not value statement or token of (un)appreciation, but matter of convenience. When I want to look at Chartbuddy, i do. |
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macsga
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Strange, yet attractive.
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May 06, 2015, 05:38:27 AM |
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Well, there's a Greek saying that goes like this: "Among the funny things, pretty serious things are spoken" Except you don't believe in "conspiracy theories"... Here's a nice one for you then. If you ask me, yes; I believe that Greece should be the 1st one to incorporate BTC as a second currency. This way Gresham's law will take over and the debt will be eliminated (BTC=Non inflationary, EUR=inflationary). One after another the other -in debt- countries will follow... EU will be the 1st continent to test the new digital currency as it was the 1st one to test the EURO. Too crazy to be real? Remember: Fantasy has limits; Reality has not.  Generally, it's bad idea for a state to switch from fiat to bitcoin: they wouldn't be able to print money anymore. While printing money is important (and sometimes even major) part of their income. All states prefer fiat to bitcoin. However, a state-traitor that adopts bitcoin first, would reap huge benefits of it's to-the-moon rise. IMO, the time for it has not come yet, but in a year or two ... Unfortunately you're right. Nevertheless, Greece (and any EU country, AFAIK) cannot "print" money anyway. Only ECB & M. Draghi can. In any case I too believe the catalyst will be the country adoption, not the coin itself. I agree that it's a bit early to see such a move right now; but still...  |
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ChartBuddy
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May 06, 2015, 05:57:56 AM |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 06, 2015, 06:58:03 AM |
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gizmoh
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May 06, 2015, 07:21:02 AM |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 06, 2015, 07:57:58 AM |
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Hunyadi
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☑ ♟ ☐ ♚
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May 06, 2015, 07:59:25 AM |
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sAt0sHiFanClub
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May 06, 2015, 08:44:11 AM |
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I think the take away from that article is this: But to be perfectly clear these HFT/algo hedge funds make their money on the order flow not the fundamental appreciation of the underlying security I think anyone who thinks that "wall street' wants to buy bitcoin because Moon need to keep the above in mind. As long as there is enough volatility and volume, they will make money, much the same way as any disinterested day trader can ( and has) made money on the weekly 240 - 220 cycles we see every week. Additionally, the presence of professional traders in the market should be seen as merely a reinforcement of bitcoins underlying value as an exchange of value - not a get rich quick token. we should use this news as an excuse to further the acceptance and use of bitcoin by the general public. Lets have a thinner, less technical entry point for Joe Public. If we could combine this greater interest in the market, with a greater interest from the public ( and end the scams) then I think we can comfortably start to say: This is gentlemen. |
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billyjoeallen
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Hide your women
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May 06, 2015, 08:50:25 AM |
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After such long, unexpected and exhausting bear stretch I'm just afraid to be an optimist. Being cynical simply to avoid ridicule is the way of the coward. Rejoice and praise the rocket gifs! We are going to da blimmin mooooon!!!! Also, I'm a miner so I don't really have a choice. Granted, cynicism is just the same error as naivety, just in opposite direction. But it's not ridicule what I'm afraid of. It's making wrong bet. As for "no choice", remember: Even if you are swallowed, you still have two exits. No one is going to be churned up in the guts of anything. Stop being so negative all the time! I'm NOT sure about whether the question is about being too negative or NOT... It just seems that the reality of the matter is that we are going to need to see quite a few changes in market dynamics to reverse the bear trend. Surely, if BTC prices were to double, then a lot of press would come to BTC, and maybe we could continue the upward price trajectory.... on the other hand, now-a-days, as compared with 18 months ago, there are a lot more market mechanisms that allow the shorting of bitcoin... and therefore, it seems that people do NOT even need to hold bitcoin in order to bet against them (or to sell them)... In that regard, seems like that there is some fractional reserve banking going on in the bitcoin world (which seems to be contrary to the public ledger and contrary to the original blockchain design of BTC). It seems possible that some day, bitcoin market mechanisms will be created that will recognize more value to those people who actually hold actual bitcoins.... but at this point, there seems to be too much diluting of the value of bitcoin going on which seems to be causing downward price pressures, including keeping these prices in the $200s territory for more than 4 months. Shorting does not hurt an asset's long term value. Shorts all have to cover at some point and that can be instrumental in halting a crash. Also, if the short-sellers gets squeezed, it can be a huge spike. There is no evidence of naked shorts (people selling coins that don't exist) and if it's happening at all it is being done by the exchanges themselves and they have no incentive to do this. They all explicitly claim they don't do or allow naked shorts. What we are seeing is relative stability. Bitcoin has traded in the same $150 range for over four months, a situation that hasn't happened in years. This is a very good thing as it draws in investors who get frightened off by excessive volatility. Generally speaking investors buy and hold while traders pump and dump. |
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