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

[Richy_T]

All Bitcoin has to do is drop it's "libertarian, destroy every government nonsense" and SUBMIT to regulations.  That's all.  And Bitcoin will be $300k per coin in no time.  What's it going to be?

Bitcoin can't. And that's its strength. There's already plenty of regulated currencies around. Good luck with those. Buy your wheelbarrow quick before it costs more money to buy one than it can hold. Or just put a bitcoin aside.

[1714919772]

1714919772

[rezurect]

It's boring now so which channel can I watch paint dry?

Not quite what you were looking for, but just as interesting.


http://www.watching-grass-grow.com/

lol

[telemaco]

To pay back one million dollars, at a rate of one dollar per second, would take you 11.5 days.
•         To pay back one billion dollars, at a rate of one dollar per second, would take you 32 years.
•         To pay back one trillion dollars, at a rate of one dollar per second, would take you 31,688 years.
The median American household income is about $50,000 per year. That translates to less than one tenth of one cent per second.
So, if your family earns $50,000 per year, and if you spend none of that on food, rent, transportation, income tax or even pursuing your own happiness, and if you take all of your family’s household income and use it — not to pay down the government’s current debt, but just to pay down the $1 trillion in new debt that the government overspends each year – it would take your family 32 million years to pay for it.
                                                                        
Now, multiply that by 16 – because the government is now $16 trillion in debt – to see how long it will take for you to pay it back.  

That’s five hundred and twelve million years.  Yes, 512,000,000 years.

On the other hand the only way to pay this might be another World War and who knows how will bitcoin work on a war economy with internet severely censored on most countries. Will Gavin wear a general hat and join the war efforts?

[Rampion]

All Bitcoin has to do is drop it's "libertarian, destroy every government nonsense" and SUBMIT to regulations.  That's all.  And Bitcoin will be $300k per coin in no time.  What's it going to be?

Bitcoin can't. And that's its strength. There's already plenty of regulated currencies around. Good luck with those. Buy your wheelbarrow quick before it costs more money to buy one than it can hold. Or just put a bitcoin aside.

Don't discuss with the guy. He just does not understand/does not know anything. He doesn't seem to grasp that Bitcoin is in fact trust-free and decentralized, which is a big no-no for the US Government. The Gov needs to control the currency, because there is where true power resides, at least in a capitalist society. And there is no "regulation" in Bitcoin, because they cannot print more of it - and that is the only regulation they really care about.

As Rothschild said:

Give me control of a nations money supply, and I care not who makes it’s laws

[rezurect]

Something resembling a tiny wall @ 130.   

[prof7bit]

It's boring now so which channel can I watch paint dry?

Not quite what you were looking for, but just as interesting.
http://www.watching-grass-grow.com/

lol

better watch the paint dry webcam, you can even move the cam with remote control: http://pattiann.com/webcam/paint.html

[ardana123]

http://www.itechpost.com/articles/9817/20130527/what-happens-when-digital-currency-bitcoin-gets-shut-down.htm

do people even know what they're writing about these days?

"Similar accusations have been leveled at Bitcoin, though that virtual currency hasn't been shut down. Bitcoin is currently under investigation by the Department of Homeland Security. The nature of that investigation is unknown."

[ChartBuddy]

[samson]

Total ban of the Unted States. USA is becoming like Northern Korea soon. Isolated totalitarism/socialism.
But Bitcoin grows up.


Perfect Money:



BTC-E:



WebMoney:



Coinseeker, you are stupid nationalist & pseudo patriot.

Land of the free......

[adamstgBit]

seeing all these methods of cashing in and out of bitcoin in the US is making me freak out a little....  

the market is surprisingly calm about all this FUD....

[Hawker]

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/28/feds-shut-down-payment-network-liberty-reserve-is-bitcoin-next/

Everything Rampion has been banging on about endorsed by Wonkblog.  Eat your heart out Coinseeker

[Rampion]

seeing all these methods of cashing in and out of bitcoin in the US is making me freak out a little....  

the market is surprisingly calm about all this FUD....

Adam, the only way to cash in and out significant money are bank wires. Do not freak out. Even if suddenly the US bans BTC... Who cares? Don't tell me this wasn't a very possible outcome from the very beginning.

And anyhow: I don't see these news as "US is going after Bitcoin". They just want to regulate and control it, at least for the moment. If they really were going after it, first thing was to ban bank wires to exchange - that's how the big money moves, Dwolla, OKpay and the likes are for small-timers.

[TheKoziTwo]

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.

+1

[Ultraviolet]

US Government making a move on Bitcoin is inevitable. The telegraphing thereof has already begun. Bitcoin has to survive the tribulation if it wants global adoption. If it doesn't survive, it'll fall into obscurity or be marginalized.

[ChartBuddy]

[Xrim]

US Government making a move on Bitcoin is inevitable. The telegraphing thereof has already begun. Bitcoin has to survive the tribulation if it wants global adoption. If it doesn't survive, it'll fall into obscurity or be marginalized.

Sadly, I belive this too. Bitcoin have to survive this and become accepted by the common man and the governments . Otherwise all you can do with it is buy weed. Iwant to be able to buy a car with my coins someday.   

[gizmoh]

Topping google news:

Bitcoin being amalgamated to Liberty Reserve story:

"A top Bitcoin exchange, Tokyo-based Mt. Gox, failed to register with FinCEN earlier this month and had its U.S. dollar accounts seized by authorities.

Over the past week, a Bitcoin unit has traded at around $130, according to the website Bitcoincharts.com."
 

http://www.reuters.com/article/2013/05/28/net-us-cybercrime-libertyreserve-charges-idUSBRE94R0KQ20130528

[wonkytonky]

Topping google news:

Bitcoin being amalgamated to Liberty Reserve story:

"A top Bitcoin exchange, Tokyo-based Mt. Gox, failed to register with FinCEN earlier this month and had its U.S. dollar accounts seized by authorities.

Over the past week, a Bitcoin unit has traded at around $130, according to the website Bitcoincharts.com."
 

http://www.reuters.com/article/2013/05/28/net-us-cybercrime-libertyreserve-charges-idUSBRE94R0KQ20130528

whats new? thats the dwolla story.. 

[adamstgBit]

US Government making a move on Bitcoin is inevitable. The telegraphing thereof has already begun. Bitcoin has to survive the tribulation if it wants global adoption. If it doesn't survive, it'll fall into obscurity or be marginalized.

Sadly, I belive this too. Bitcoin have to survive this and become accepted by the common man and the governments . Otherwise all you can do with it is buy weed. Iwant to be able to buy a car with my coins someday.   

there's a truck for sale right now, check out good subsection.  

so far the US government team america world police has reacted well, I don't think they will outright outlaw bitcoin or else the news from FINCEN and Homeland security would have had a different tone. all they seem to care about is regulating the cash flow in and out of bitcoin, its more then likely this is all they will ever do. Other governments have reacted with much more open arms, a few months ago finland government said bitcoin is A OK and not subject to regulation, the canadian government recently came out and said the same thing.

[Piper67]

US Government making a move on Bitcoin is inevitable. The telegraphing thereof has already begun. Bitcoin has to survive the tribulation if it wants global adoption. If it doesn't survive, it'll fall into obscurity or be marginalized.

Sadly, I belive this too. Bitcoin have to survive this and become accepted by the common man and the governments . Otherwise all you can do with it is buy weed. Iwant to be able to buy a car with my coins someday.   

www.bitpremier.com