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

[Meuh6879]

Dimon conclusion : http://www.zerohedge.com/news/2017-09-12/dimon-doubles-down-my-daughter-bought-bitcoin-it-went-now-she-thinks-she-genius

Two numbers that stand out:

- Over $13b in fines paid by JPM because of fraudulent mortgage practices
- Over $1b in separate fines paid because of its role in the Madoff scheme.

All under Jamie's watch. But it's Bitcoin he's worried is the fraud?

Bankster ...

[RoomBot]

SOUR GRAPES?  or SORE LOSER?

You pick.

[Last of the V8s]

https://bitcointalk.org/index.php?topic=2172056.0 BlueBorne Virus affects all bluetooth devices. Turn your bluetooth off!

[itod]

Riddle me this: Why are regulators so allergic to ICO's, while they "tolerate" BTC? Not that I like ICO's, but I fail to see how are they more disruptive than BTC?

[marcus_of_augustus]

Jamie Dimosaurs daughter walks amongst us! ... Lauda is that you? ... NotLambChop?

[AlexGR]

Ultimately Dimon does grasp the implications, because as he told CNBC, "I'm not saying go short. Bitcoin can hit $100,000 before it goes down. This is not advice of what to do."

[empowering]

Riddle me this: Why are regulators so allergic to ICO's, while they "tolerate" BTC? Not that I like ICO's, but I fail to see how are they more disruptive than BTC?

Because ICOs are relatively easy to stop - if they are public- if the owners are public- if the platforms they launch on are public- then it is a bottleneck- one that is easily attacked - its a weak point.

If you stuck an ICO and an address onto  a forum (I knew a forum once where this happened regularly) and ask people to send BTC- and your OpSec was up to scratch - and you could then make use of  the funds - and access your profits..
then it is far tricker to stop. Thing is... if you raise 100 million - in a non public - platform based manner... then you have 100 million for your ICO- but how do you use those funds? (unless you pay for everything in cryptocurrency) it is trickier the larger the sum involved. You could fly under the radar and legitimise a mil-but over that and its going to start throwing obstacles at you...

The other thing is- sandboxing ICOs in your own country is one problem...  sandboxing the entire country from the rest of the world is not so easy... (i.e China cannot make France also ban ICOs and also control if Chinese people decide to evade  the rules and invest in a french based ICO)

To police it is difficult- to stop it is near on impossible - their best bet is to go after the bottlenecks and to legislate and criminalise and threaten violence and incarceration.

BTC is anti fragile - China has no control over which other countries allow BTC and have little recourse to stop their own, nor any other countries citizens to stop using BTC.

In short - they just want to get their hands around ICOs iMO and they will be back in the future- executed by smart contracts- and linked into digital identities... - linked to digital assets- all linked to PBOC - -everyone paying their taxes- all KYC'd up and with some perceived control over capital outflow. They know better than to try to stop BTC - it would be a futile and monumental waste of time and resources- plus they will fail.





 

[Last of the V8s]

Riddle me this: Why are regulators so allergic to ICO's, while they "tolerate" BTC? Not that I like ICO's, but I fail to see how are they more disruptive than BTC?

They hate ICO's because they are scams and little people are getting ripped off.
They tolerate btc because it's not a scam. You're right that it's way more disruptive, but also

...
http://www.columbia.edu/~jl4130/BTC.pdf sorry for pdf
An Economic Analysis of the Bitcoin Payment System

Bitcoin is not regulated. It cannot be regulated.

[Torque]

Riddle me this: Why are regulators so allergic to ICO's, while they "tolerate" BTC? Not that I like ICO's, but I fail to see how are they more disruptive than BTC?

They hate ICO's because they are scams and little people are getting ripped off.

I believe they are a headache to regulators primarily because most are scams. They don't want to deal with the public fallout if ICOs don't deliver on promises or disappear with investor funds.

But also, because ICOs do an end-around the existing company IPO process... which is a rigged system for the 1% where only the company founders, the initial angel investors and the VCs get rich by receiving the lion's share of the stock (> 95%) before launch. ICOs have the potential to disrupt that rigged system and allow more Average Joes to invest very early (like crowdfunding but getting a major stake).

With Bitcoin, there is nothing they can do. Bitcoin is no company, has no CEO, is decentralized, and therefore nothing they can shut down. They have to tolerate it. But boy oh boy, if they could easily shut it down they would in a heart beat.

[Ted E. Bare]

More haircuts. Will $4000 break?

[lemmyK]

"""China has no control over which other countries allow BTC and have little recourse to stop their own, nor any other countries citizens to stop using BTC.""

you brainwashed american diot: chinese just stop scam. poor people invest to ponzi.  also russia give "green" to cryptos.. noobody want stop your false gold. just fed finishing printing .panic mode
without chinese you dont have todays 4100 . you are in rekt! chinese are boss. if all cryptos will help damage china or russia.. whole shitrica and wall streek will "massive invest and propagand all cryptos years before from now.
but btc is unstopable soo its double sharped "sword" can damage whole petrodollar.

chinese move bitcoin from icos to state controled "waters"
just look , no moooon 4129.....
bitcoin its ponzi becouse you are scary to some news and only one fake  news can make 0 from you ricchness..   on gold bar you can put milions fake news from cnn , us congres", pentagon.. and it will by still gold

[Ibian]

Riddle me this: Why are regulators so allergic to ICO's, while they "tolerate" BTC? Not that I like ICO's, but I fail to see how are they more disruptive than BTC?

Can't shut down bitcoin. By design. Any random alt, easy to shut down.

[empowering]

Some next level incoherent batshit crazy goobledygook

Are you ok ?

Can one of us call someone for you?

(Ps I may be an idiot - but I am not American)

[jojo69]

Some next level incoherent batshit crazy goobledygook

Are you ok ?

Can one of us call someone for you?

(Ps I may be an idiot - but I am not American)

Hey! lay off my fool!

I got Lemmy's back, his shit is comedy gold

[empowering]

Some next level incoherent batshit crazy goobledygook

Are you ok ?

Can one of us call someone for you?

(Ps I may be an idiot - but I am not American)

Hey! lay off my fool!

I got Lemmy's back, his shit is comedy gold

I was just checking the poor chap is alright... because he really doesn't seem to be - also I am pretty sure he has gotten the wrong end of the stick- can't tell though because well his post is rambling nonsense.

[Wexlike]

Riddle me this: Why are regulators so allergic to ICO's, while they "tolerate" BTC? Not that I like ICO's, but I fail to see how are they more disruptive than BTC?

They hate ICO's because they are scams and little people are getting ripped off.

I believe they are a headache to regulators primarily because most are scams. They don't want to deal with the public fallout if ICOs don't deliver on promises or disappear with investor funds.

But also, because ICOs do an end-around the existing company IPO process... which is a rigged system for the 1% where only the company founders, the initial angel investors and the VCs get rich by receiving the lion's share of the stock (> 95%) before launch. ICOs have the potential to disrupt that rigged system and allow more Average Joes to invest very early (like crowdfunding but getting a major stake).

With Bitcoin, there is nothing they can do. Bitcoin is no company, has no CEO, is decentralized, and therefore nothing they can shut down. They have to tolerate it. But boy oh boy, if they could easily shut it down they would in a heart beat.

Yeah Torque, but please don't forget that already now mining pools are bribed to handle specific ICO transactions before any other transactions. This is still not a fair market.

[flounderella]

LOL ... this puts Jamie Dimon into perspective:

Two numbers that stand out:
Over $13b in fines paid by JPM because of fraudulent mortgage practices
Over $1b in separate fines paid because of its role in the Madoff scheme.

All under Jamie's watch. But it's Bitcoin he's worried is the FRAUD

[Searing]

LOL ... this puts Jamie Dimon into perspective:

Two numbers that stand out:
Over $13b in fines paid by JPM because of fraudulent mortgage practices
Over $1b in separate fines paid because of its role in the Madoff scheme.

All under Jamie's watch. But it's Bitcoin he's worried is the FRAUD

Even if the FUD is fierce...and price drops to 2k this year ..that means I only DOUBLED my money this year in crypto and mining..boo hoo

I sure would have taken that bet in Jan/Feb

and regardless .... even if we go sideways and down the rest of the year....we will come back (remember 2015 and 1.80 LTC price from a $10 dump...same $$$ down for BTC)

let the assholes whine and get it out of their system...worse case is everyone looks at all the FUD being tossed.....price goes sideways a bit..then everyone shrugs

and the moon ride ramps up again

[Paashaas]

China ''bans Bitcoin exchanges''

Mainstream media slams Bitcoin into the ground even further by that FUD.

China bans ICO's.

Mainstream media slams Bitcoin into the ground by telling the whole world that ICO's are Bitcoin.

JPMorgan CEO Jamie Dimon warns that Bitcoin is a fraud.

Mainstream media slams Bitcoin into the ground again.

So sad that nobody in the media has the balls to prove him wrong, but what about those so called ''tech reporters'' they shoud know better.

Sub $4000 incoming, i get my fiat ready.

[Dakustaking76]

So all the poeple who haves bitcoin
Are in a panic situation right now...
Beceause of the JPMorgan he says bitcoin is shit And the price is sinking again
If we can hit €4170 kraken price, then the poeple are dumb as fuck those they are in panic mode.
Get your self together man! Market manupilation they bring the price down to buy cheap again.
Suckers who are selling right now


Damn i know the price had a blow When etf was rejected from €1071 to €700

Look were we are now +€3000