jbreher
Legendary
Offline
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
|
|
July 31, 2015, 02:42:40 AM |
|
Most people are still so dumb that they don't even realise what money is, how it is created, or how they are being robbed. It might take a generation for this sort of change to come about. ie, they die off and are replaced by (hopefully) more intelligent informed people.
FTFY. If you are counting on subsequent generations becoming smarter, I am afraid you will be sorely disappointed. If anything, average intelligence will decrease, due to the fact that society subsidizes stupidity, allowing the incompetent to survive to procreational age, and 'nurture' their defective genetic offspring through to their subsequent dependent 'adulthood'. And having worked in the financial servies indusrty I KNOW that we are years away from incorportaing complex derivatives onto 'the blockchain'. Not only would it be technically extrememly difficult, but this is also where all the 'off balance sheet' transactions occur and it will be fought tooth and nail. Stock ownership using satoshis is trivial by comparison. Lets see how Nasdaq Private Market gets on first before drawing any conclusions about how deep 'this blockchain' can permeate.
Good. The financialization of derivatives is a theft of wealth from the rest of us. Derivatives are not true wealth. You can't eat a derivative, and a derivative cannot paint your house. Absolutely worthless in terms of things that add value to human lives. The only value that they have is gained in skimming purchasing power from everyone else.
|
|
|
|
Richy_T
Legendary
Offline
Activity: 2562
Merit: 2264
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
|
|
July 31, 2015, 02:47:26 AM |
|
Coindesk has picked up the story and gives the same account as that reddit post translation of the original Nikkei story. I'm surprised he hasn't been charged until now, but it often takes the police a long time to gather evidence. How long would his sentence be if he's found guilty of all charges?
Forget gathering evidence, it probably took a long time just to work out wtf they could charge him with.
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
July 31, 2015, 03:02:19 AM |
|
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
July 31, 2015, 04:02:19 AM |
|
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
July 31, 2015, 05:02:22 AM |
|
|
|
|
|
Brewins
Legendary
Offline
Activity: 1120
Merit: 1000
|
|
July 31, 2015, 05:25:12 AM |
|
$2-3 fall by day.
steady and slow, yay
|
|
|
|
stopthe_bomb
Newbie
Offline
Activity: 50
Merit: 0
|
|
July 31, 2015, 05:29:43 AM |
|
and down we are going D:
|
|
|
|
JorgeStolfi
|
|
July 31, 2015, 05:45:25 AM |
|
But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, ...
|
|
|
|
Brewins
Legendary
Offline
Activity: 1120
Merit: 1000
|
|
July 31, 2015, 05:48:51 AM |
|
But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, ...
except by the fees or when the gov block you from accessing bank stuff, like happened in Greece and other countries in different times
|
|
|
|
coinpr0n
|
|
July 31, 2015, 05:56:13 AM |
|
It sure isn't taking very much to push the price down a few dollars. Went to bed with the ask walls popping up and wake up to this. Nothing major, but for now the upward momentum has been squashed.
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
July 31, 2015, 06:02:20 AM |
|
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
July 31, 2015, 07:02:18 AM |
|
|
|
|
|
Bagatell
|
|
July 31, 2015, 07:06:15 AM |
|
But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, ...
except by the fees or when the gov block you from accessing bank stuff, like happened in Greece and other countries in different times Bitstamps debit card fees.. Transaction type Fee Fee for loading up to $1000.00 $10.00 Fee for loading more than $1000.00 2% Purchase Fee (in-store/online) $0.35 Purchase with Cashback $3.45 Credits for Refund $0.35 PIN Retrieval $0.75 Cash Withdrawal $3.45 Cash Withdrawal Decline $0.55 Account Monthly $1.95 Replacement Card Fees (lost or stolen) $15.00 Dormancy $5.00 ATM Balance Inquiry $1.00
|
|
|
|
noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
|
|
July 31, 2015, 07:15:02 AM |
|
281 testing or is it karpeless dumping coin ?
|
|
|
|
Karpeles
Legendary
Offline
Activity: 1162
Merit: 1000
|
|
July 31, 2015, 07:20:27 AM |
|
The dump has begun, cut your looooses while you can. Another failed 300 break try
|
|
|
|
stopthe_bomb
Newbie
Offline
Activity: 50
Merit: 0
|
|
July 31, 2015, 07:23:08 AM |
|
The dump has begun, cut your looooses while you can. Another failed 300 break try
too funny good one karpeles
|
|
|
|
Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
|
|
July 31, 2015, 07:44:35 AM |
|
Well, if community would want the price to go up no market maker would be strong enough to push the price down... Everyone (existing bitcoiners) should simply buy one more bitcoin and hold it for a month or two.
my opinion is that the demand is too low for a strong upward trend at the moment. but the situation maybe change after the halfing next year.
|
|
|
|
Gyrsur
Legendary
Offline
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
|
|
July 31, 2015, 07:56:18 AM |
|
we are testing again. crowd want to see the price go down.
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
July 31, 2015, 08:02:29 AM |
|
|
|
|
|
GaliX
|
|
July 31, 2015, 08:04:53 AM |
|
But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, ...
except by the fees or when the gov block you from accessing bank stuff, like happened in Greece and other countries in different times you know how expensive a bitcoin TX is without the subsidized Blockreward would be? The ~50$ a current transaction costs makes the traditional system look cheap as fuck... Somebody has to pay all the THs of mining power burning all the electricity 24/7... Well, if community would want the price to go up no market maker would be strong enough to push the price down... Everyone (existing bitcoiners) should simply buy one more bitcoin and hold it for a month or two.
my opinion is that the demand is too low for a strong upward trend at the moment. but the situation maybe change after the halfing next year. I think that demand is big enough... Fact is that someone with lots of coins is shitting around for a year now. Also community has changed big time and bitcoin use to grow on it. Halving sure will bring the spike! Many are already buying coins just because of that, after all it is less than a year until halving Not really... A real demand is almost not existing. It's purely driven by speculation ...
|
|
|
|
|