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

[dumbfbrankings]

Surely this is just a brief pause on the way to JJG's 3 year investment coming out of the red... right guise?

Bye KnC. Guess you shoulda decentralized your operations to China. 

[gentlemand]

Hopefully, they won't drag XBT Provider ETNs down with them. If this comes to pass, the loss of investor confidence in all future bitcoin-pegged assets may be devastating...

So far, they claim that all the ETN funds were fully hedged, but who knows: http://xbtprovider.com/lang_en/news

Wasn't the main downer regarding ETN's the fact that they depended on the health of the guarantor? ETFs don't which is why they're so much harder to create. I assume this has happened plenty of times in investmentland.

[AlexGR]

Bye KnC. Guess you shoulda decentralized your operations to China. 

The West has a huge technological advantage in things like silicon design expertise and lithography in low nm, yet it is not using it.

On top of that, western businesses are bloated compared to how lean Chinese businesses do their work. "Let's open some fancy offices that cost a million bucks, hire 3-4 secretaries for eye candy paying them 100-150k, hire a PR firm another 200-400k, hire a legal firm or a bunch of lawyers for another half a million etc etc. For a westerner it might be "reasonable" to pay tens of thousands of dollars for ...rack mounts, for a chinese it makes way more sense to go to a local metal worker and tell him to make custom steel frames for pennies.

The Chinese laugh all the way to the bank with how suicidal the Western OPEX and CAPEX are.

[Assmaster2000]

On top of that, western businesses are bloated compared to how lean Chinese businesses do their work. "Let's open some fancy offices that cost a million bucks, hire 3-4 secretaries for eye candy paying them 100-150k, hire a PR firm another 200-400k, hire a legal firm or a bunch of lawyers for another half a million etc etc.

Paying western minimal wage is a part of "etc., etc."?

[r0ach]

Bitcoin (BTC) $474.37 5.01%

[fichtn12345]

Confirmed.

[600watt]

Bye KnC. Guess you shoulda decentralized your operations to China.  

The West has a huge technological advantage in things like silicon design expertise and lithography in low nm, yet it is not using it.

On top of that, western businesses are bloated compared to how lean Chinese businesses do their work. "Let's open some fancy offices that cost a million bucks, hire 3-4 secretaries for eye candy paying them 100-150k, hire a PR firm another 200-400k, hire a legal firm or a bunch of lawyers for another half a million etc etc. For a westerner it might be "reasonable" to pay tens of thousands of dollars for ...rack mounts, for a chinese it makes way more sense to go to a local metal worker and tell him to make custom steel frames for pennies.

The Chinese laugh all the way to the bank with how suicidal the Western OPEX and CAPEX are.

not sure if you aimed your comment towards knc. i went to stockholm to check out the company when they offered their first mining hardware while everyone in the forums yelled SCAM. i run a business myself (not IT) for 20 years and i could see they were managing their business properly. so i became their first customer. sam cole is brilliant and a nice guy on top of it. i never understood all the hate. knc was at least trying to keep western companies in the race. and they did for some years. sad that it is not possible anymore.


edit: typo

[Fatman3001]

Bye KnC. Guess you shoulda decentralized your operations to China.  

The West has a huge technological advantage in things like silicon design expertise and lithography in low nm, yet it is not using it.

On top of that, western businesses are bloated compared to how lean Chinese businesses do their work. "Let's open some fancy offices that cost a million bucks, hire 3-4 secretaries for eye candy paying them 100-150k, hire a PR firm another 200-400k, hire a legal firm or a bunch of lawyers for another half a million etc etc. For a westerner it might be "reasonable" to pay tens of thousands of dollars for ...rack mounts, for a chinese it makes way more sense to go to a local metal worker and tell him to make custom steel frames for pennies.

The Chinese laugh all the way to the bank with how suicidal the Western OPEX and CAPEX are.

not sure if you aimed your comment towards knc. i went to stockholm to check out the company when their offered their first mining hardware while everyone in the forums yelled SCAM. i run a business myself (not IT) for 20 years and i could see they were managing their business properly. so i became their first customer. sam cole is brilliant and a nice guy on top of it. i never understood all the hate. knc was at least trying to keep western companies in the race. and they did for some years. sad that it is not possible anymore.

The hate came with the Neptunes and Titans

[gentlemand]

Why's anyone sad about this anyway? I thought folks here enjoyed the Free Market in action.

[600watt]

The hate came with the Neptunes and Titans

no, the hate started right the moment knc announced their first product. literally thousands of posts full of hate.

[AlexGR]

Bye KnC. Guess you shoulda decentralized your operations to China.  

The West has a huge technological advantage in things like silicon design expertise and lithography in low nm, yet it is not using it.

On top of that, western businesses are bloated compared to how lean Chinese businesses do their work. "Let's open some fancy offices that cost a million bucks, hire 3-4 secretaries for eye candy paying them 100-150k, hire a PR firm another 200-400k, hire a legal firm or a bunch of lawyers for another half a million etc etc. For a westerner it might be "reasonable" to pay tens of thousands of dollars for ...rack mounts, for a chinese it makes way more sense to go to a local metal worker and tell him to make custom steel frames for pennies.

The Chinese laugh all the way to the bank with how suicidal the Western OPEX and CAPEX are.

not sure if you aimed your comment towards knc. i went to stockholm to check out the company when they offered their first mining hardware while everyone in the forums yelled SCAM. i run a business myself (not IT) for 20 years and i could see they were managing their business properly. so i became their first customer. sam cole is brilliant and a nice guy on top of it. i never understood all the hate. knc was at least trying to keep western companies in the race. and they did for some years. sad that it is not possible anymore.

edit: typo

Not it's not aimed towards knc - the comment is generic. I have no idea how KNC run their business.

[Fatman3001]

The hate came with the Neptunes and Titans

no, the hate started right the moment knc announced their first product. literally thousands of posts full of hate.

ah, that hate. that's just bitcoin

[DeathAngel]

Was a bit exciting seeing a decent sized pump from 450 - 476 but the spark seems to have been put out.
Hopefully we don't get dumped all the way back to 450.

[dumbfbrankings]

Why's anyone sad about this anyway? I thought folks here enjoyed the Free Market in action.

Yeap, we're all about Free Markets here.

[edgar]

The hate came with the Neptunes and Titans

no, the hate started right the moment knc announced their first product. literally thousands of posts full of hate.

you exaggerate a bit - it wasnt 'literally thousands' nor right from the moment the announced their first product.

there was skepticism, there was disbelief, there was hope that this wasnt going to be another ass-raping of tens of thousands of dollars..

if you truly never understood the hate, there is something very wrong.

have you always been 600watt or have you had other handles?

[becoin]

i never understood all the hate. knc was at least trying to keep western companies in the race.

I can understand this hate. From the very beginning of their operations KnC copied BFL practice to scam their customers!

[finkelsteinMonster]

Yeah I'm feeling pretty smug thinking about all the shorts that are getting squeezed. Where the shills/trolls at?

The big short who was paying them just got scorched by the dragon ... they'll be licking their wounds for a while.

Where're eth pump trolls today?

Pumping bitcoin. Variety: the spice of life

Guys, how's about some help? y'all forgotten how to pump?

Bitcoin (BTC) $474.37 5.01%
http://s33.postimg.org/stw03s267/congrats.gif

https://i.imgur.com/iX3ki5T.jpg

http://s33.postimg.org/q34wo2a4f/jjewstar.jpg

[John Constantine]

Nice thread to follow the events. This halving will be a very interesting moment.

[Gyrsur]

i never understood all the hate. knc was at least trying to keep western companies in the race.

I can understand this hate. From the very beginning of their operations KnC copied BFL practice to scam their customers!

BTW i found who could play mark karpeles in the upcoming mt.gox movie.

[edgar]

i never understood all the hate. knc was at least trying to keep western companies in the race.

I can understand this hate. From the very beginning of their operations KnC copied BFL practice to scam their customers!

late delivery

shitty work

fires

favouritism for shills

50/50 (at best) if they would replace broken hardware #returneverythingfirstandmaybewellshipoutanothershitonemaybenotatall

im not going over it all again!

@thatpic - 3 thieves and your hero sam the brilliant...

also, the thread was opened in early april 2013 - you arrived at the end of may. on the payroll with bitcoinorama? already under an NDA??


E2A - I must say, they were silent miners. that much was commendable.

the penny pinching and rip off shipping etc was disgusting


bankrupt??!!

about as honest/morally bankrupt as he's ever been!! (and the rest of the hangers on)



Quote from: edgar on 26 September 2013, 22:08:34
im not sure who said it was knc, but there are now 7 or more pages worth of posts deleted