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

[ardana123]

Since bitcoin is p2p, can't the US gov just make isp's block that specific protocol?

You simply do not block p2p. You have to take down the internet to do that.

EDIT: p2p means that I connect to you directly, without going through a central server. You cannot block that, unless you block the internet.

They can throttle/block bittorrent, why can't they do the same with bitcoin?

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[Coinseeker]

Since bitcoin is p2p, can't the US gov just make isp's block that specific protocol?

You simply do not block p2p. You have to take down the internet to do that.

EDIT: p2p means that I connect to you directly, without going through a central server. You cannot block that, unless you block the internet.

They can throttle/block bittorrent, why can't they do the same with bitcoin?

They don't have to stop Bitcoin.  All they have to do is publicly link it to terrorism and block the flow of money.  It will then be unpatriotic for any US business to even ACCEPT Bitcoins, let alone become a legal money transmitter.  Delusions, delusions...everywhere delusions.  Without the US, Bitcoin is DEAD!

[Vicus]

They will make it hard to get money into and out of Bitcoin.  This will affect the value of Bitcoin but its not a fundamental threat.

I'm something missing? Is US only country on the earth? If they want to block it, no problem... It will be USA and US citizens problem, not Bitcoin itself.

[Hawker]

Any chance you could take the "Coinseeker is a fool" chat to another thread, say in Off Topic?

[Rampion]

The issue is that the US government quickly dismantles any business that allows such a thing. Literally every single US based service ever that has enabled irreversible fast payments has been shut down. I'm not joking.

Good luck with "shutting down" Bitcoin.

I'm really hoping the US is so blind and short-sighted to officially outlaw Bitcoin, so a) Coinseeker and his likes stop using it because of that mental illness named "patriotism", and b) they learn in the very hard way that Bitcoin was designed to be resilient to both bans and regulation.

Anyhow, I guess all the financial institutions and their sockpuppets (AKA the three-letter agencies) have looked into it and realized they cannot just ban it, so they will play their cards differently.

Well, so far Bitcoin or should I say the infastructure Bitcoin needs to be anything more than a speculative and black market sideshow, is losing that battle.  And DHS only served ONE warrant.  Talk all the big guy trash you want but people with actual businesses, fear the USG and FinCEN regulations are preventing any real launch of Bitcoin.

Look at the ATM's.  There could be thousands by now...but these people aren't going to jail for it.  Businesses are voluntarily closing or rejecting US users because they know the truth. All while you simply sit on your computer and pretend to be "hardcore", living in a delusional world that only sees Bitcoin increasing in value, even if no one in America can legally access it.     And please don't give me that, "the US isn't the whole world" nonsense either.  If there rest of the world was even remotely close to the volume of the US, the markets wouldn't be dead all night while you wait for us to wake up and of course...lead the world.  

If you had read *something* about BTC, you would know that it was designed taking into account a very likely government ban on it. A ban on BTC wouldn't do shit to stop it, to the contrary it would just make it stronger in the long term.

And by te way... With "black market sideshow" you mean an economy worth $1,800,000,000,000 per year? Yeah, that's 1,800 BILLION. That's good enough.

As I told you in another thread: if BTC is banned GLOBALLY, it will still go to 4 digits, probably 5. Do the maths, assuming you know how to google and count.

[Vicus]

They can throttle/block bittorrent, why can't they do the same with bitcoin?

That is  not problem too. Bitcoin client then will learn to encrypt own traffic...

[wonkytonky]

The issue is that the US government quickly dismantles any business that allows such a thing. Literally every single US based service ever that has enabled irreversible fast payments has been shut down. I'm not joking.

Good luck with "shutting down" Bitcoin.

I'm really hoping the US is so blind and short-sighted to officially outlaw Bitcoin, so a) Coinseeker and his likes stop using it because of that mental illness named "patriotism", and b) they learn in the very hard way that Bitcoin was designed to be resilient to both bans and regulation.

Anyhow, I guess all the financial institutions and their sockpuppets (AKA the three-letter agencies) have looked into it and realized they cannot just ban it, so they will play their cards differently.

Well, so far Bitcoin or should I say the infastructure Bitcoin needs to be anything more than a speculative and black market sideshow, is losing that battle.  And DHS only served ONE warrant.  Talk all the big guy trash you want but people with actual businesses, fear the USG and FinCEN regulations are preventing any real launch of Bitcoin.  So Bitcoin's "resilience" is only in your own mind.

Look at the ATM's.  There could be thousands by now...but these people aren't going to jail for it.  Businesses are voluntarily closing or rejecting US users because they know the truth. All while you simply sit on your computer and pretend to be "hardcore", living in a delusional world that only sees Bitcoin increasing in value, even if no one in America can legally access it.     And please don't give me that, "the US isn't the whole world" nonsense either.  If there rest of the world was even remotely close to the volume of the US, the markets wouldn't be dead all night while you wait for us to wake up and of course...lead the world.  

seriously ..    what is this..   this is not a Role Playing Game server you know..  
i'm sure you have an alt char somewhere here to play the bullish  female  high elve ..or something

[Rampion]

They can throttle/block bittorrent, why can't they do the same with bitcoin?

That is  not problem too. Bitcoin client then will learn to encrypt own traffic...

Or we will just connect through Tor. There's no technical way to effectively stop Bitcoin (or Bittorrent, BTW).

I would love so much to see the US banning BTC because of "terrorist links", and to read a last post by Coinseeker:

This is my last post. Bitcoin is unpatriotic, and therefore I'm handling my private keys to the DHS.

[ardana123]

They will make it hard to get money into and out of Bitcoin.  This will affect the value of Bitcoin but its not a fundamental threat.

I'm something missing? Is US only country on the earth? If they want to block it, no problem... It will be USA and US citizens problem, not Bitcoin itself.

The US has reach all over the world... All they gotta do is say they're doing it in the name of stopping terrorism and they can do just about anything. They don't even need proof (eg Iraq).

[Vicus]

The US has reach all over the world... All they gotta do is say they're doing it in the name of stopping terrorism and they can do just about anything. They don't even need proof (eg Iraq).

Really? Let US say it about Russia or China for ex.

[telemaco]

You can always use a VPN or route the connection through a TOR proxy. And there will be dozens of countries that won't have any problem with bitcoin, like Canada, Netherlands, Switzerland, northern countries and dozens more that have many more important things to regulate because they either have a very low adoption or they are don't care about it.

USA has a currency that does not defend itself well lately because they are destroying it themselves printing it massively and they are now in the need to defend it.

But they will have to defend the dollar AGAINST the insterests of all the other countries of the world that after a POST-POST-IIWW don't think Breton Woods or Nixon's plan to abandon the gold are fair anymore. We are on the XXI century. Inmediately after WWII, United States was the only real power. That is not so clear at the moment and there are many superpower wanna-be countries that want to remove the dollar as default world currency. Bitcoin could very well help them in their interests and not only them but also any other country where the financial system is not working properly.

As someone had in his signature: Bitcoin is a hedge against the actual financial system

[ardana123]

Ya, and if bitcoin actually requires us to use TOR or a VPN, how would that benefit mass adoption? That would kill it entirely.

[Miz4r]

They don't have to stop Bitcoin.  All they have to do is publicly link it to terrorism and block the flow of money.  It will then be unpatriotic for any US business to even ACCEPT Bitcoins, let alone become a legal money transmitter.  Delusions, delusions...everywhere delusions.  Without the US, Bitcoin is DEAD!

You know it's people like you who make me wish the rest of the world would just drop all their nuclear bombs on the US and wipe it from the face of the earth. Bitcoin doesn't need you or the US, I hope they officially ban it today in your country and label it as terrorism so I don't have to deal with pompous US nationalist people like you ever again.

[Coinseeker]

[Coinseeker]

They don't have to stop Bitcoin.  All they have to do is publicly link it to terrorism and block the flow of money.  It will then be unpatriotic for any US business to even ACCEPT Bitcoins, let alone become a legal money transmitter.  Delusions, delusions...everywhere delusions.  Without the US, Bitcoin is DEAD!

You know it's people like you who make me wish the rest of the world would just drop all their nuclear bombs on the US and wipe it from the face of the earth. Bitcoin doesn't need you or the US, I hope they officially ban it today in your country and label it as terrorism so I don't have to deal with pompous US nationalist people like you ever again.

I wish they'd ban it too actually.  We have Ripple coming so, what do I care.

[MAbtc]

You know it's people like you who make me wish the rest of the world would just drop all their nuclear bombs on the US and wipe it from the face of the earth.

Nice one....

[Rampion]

Ya, and if bitcoin actually requires us to use TOR or a VPN, how would that benefit mass adoption? That would kill it entirely.

You do not need mass adoption. Sure, to see the $300k per BTC predicted by rptard you need mass adoption. But I personally don't need to see $300k per BTC.

I'm happy with a system that gives me and the ones like me monetary freedom. A decentralized, trust-free system which allows me to store and transfer value independently from financial institutions. A system that no Government can kill, where my funds cannot be seized.

Yes, it sounds like "paradise" for black market. The truth is that it is, and what Coinseeker does not seem to understand is how fucking big is black market's economy. But it's also a paradise for those who want an hedge on the current, rotten financial system - as telemaco just said.

If you are worried about not seeing mass adoption and thus "cheaper" coins, do not worry. As you can see with drugs, everything that is banned and difficult/dangerous to get comes with a premium. Yet, I do not think there will ever be 6 figures coins in a global ban scenario - but 4 figures coins? You can take them for GRANTED.

[Coinseeker]

.

Heads up chart buddy....



   

[Rampion]

You know it's people like you who make me wish the rest of the world would just drop all their nuclear bombs on the US and wipe it from the face of the earth.

Nice one....

Indeed. I have to admit that sometimes I have the same feelings, but then I realize that it's absurd to punish normal people because they had the bad luck to be born in a certain country where mentally ill people like Coinseeker live.

[Coinseeker]

Ya, and if bitcoin actually requires us to use TOR or a VPN, how would that benefit mass adoption? That would kill it entirely.

You do not need mass adoption. Sure, to see the $300k per BTC predicted by rptard you need mass adoption. But I personally don't need to see $300k per BTC.

I'm happy with a system that gives me and the ones like me monetary freedom. A decentralized, trust-free system which allows me to store and transfer value independently from financial institutions. A system that no Government can kill, where my funds cannot be seized.

Yes, it sounds like "paradise" for black market. The truth is that it is, and what Coinseeker does not seem to understand is how fucking big is black market's economy. But it's also a paradise for those who want an hedge on the current, rotten financial system - as telemaco just said.

If you are worried about not seeing mass adoption and thus "cheaper" coins, do not worry. As you can see with drugs, everything that is banned and difficult/dangerous to get comes with a premium. Yet, I do not think there will ever be 6 figures coins in a global ban scenario - but 4 figures coins? You can take it for GRANTED.

What I know is the US dollar is by far the most popular black market currency.  Again, maybe in bizzaro world, it's bitcoin but here on Earth, the US dollar is king.  Bitcoin...ummm....what's a Bitcoin?