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

[stereotype]

but then, do you want to attract the attention of the EU?

What do you mean?

This can swing both ways, good or bad.

If you attract the attention of the EU officials (in Brussels, you cannot *not* bump into them), you put BTC on the EU map which is potentially a good thing, but you also risk exposing it to unwanted regulation, which could be a hindrance.

I'd be interested to know how things turn out in Helsinki.

Would you be surprised if senior members of HM Government (HMRC/MOD/Treasury), are talking to prominent members of the UK Bitcoin community? The attention phase has passed.

Oh, I think it's just starting.

It started a few months ago, and is a continuing dialogue.

[wolongong]

but then, do you want to attract the attention of the EU?

What do you mean?

This can swing both ways, good or bad.

If you attract the attention of the EU officials (in Brussels, you cannot *not* bump into them), you put BTC on the EU map which is potentially a good thing, but you also risk exposing it to unwanted regulation, which could be a hindrance.

I'd be interested to know how things turn out in Helsinki.

Maybe a stupid question from my side, however i could not think of a answer.
How do you see Brussel ( or an other government ) regulate Bitcoin?

Once they start there will be no end. In no time you will have to prompt your peers for permission before adding them to peers.dat.. put a big warning sign saying THIS IS NOT MONEY on any physical bitcoins.. register all your addresses with the ECB.. their imagination has no end. They even regulate how deep your tractor is allowed to make tracks on your own farmland.

[ShroomsKit]

This is the "unknown" type of stuff that can make BTC run again. Another Cypress and we all saw what that did to BTC.

Actually, no, we didn't.

Maybe you work better with pictures.  

"On 25 March 2013, a €10 billion bailout was announced in return for Cyprus..."
Note, it was talked about before it happened. Just look at mid to late March and what followed. Clearly no coincidence.

Sorry, not seeing. Do you have any proof? Or just a guess presented as a fact?

[ChartBuddy]

[Its About Sharing]

This is the "unknown" type of stuff that can make BTC run again. Another Cypress and we all saw what that did to BTC.

Actually, no, we didn't.

Maybe you work better with pictures.  

"On 25 March 2013, a €10 billion bailout was announced in return for Cyprus..."
Note, it was talked about before it happened. Just look at mid to late March and what followed. Clearly no coincidence.

Sorry, not seeing. Do you have any proof? Or just a guess presented as a fact?

My bad, must have been one of those coincidences...

[hlynur]

Once they start there will be no end. In no time you will have to prompt your peers for permission before adding them to peers.dat.. put a big warning sign saying THIS IS NOT MONEY on any physical bitcoins.. register all your addresses with the ECB.. their imagination has no end. They even regulate how deep your tractor is allowed to make tracks on your own farmland.

eu even regulated to what degree a banana has to bend to sell it as that. (no joke!)

[ShroomsKit]

This is the "unknown" type of stuff that can make BTC run again. Another Cypress and we all saw what that did to BTC.

Actually, no, we didn't.

Maybe you work better with pictures.  

"On 25 March 2013, a €10 billion bailout was announced in return for Cyprus..."
Note, it was talked about before it happened. Just look at mid to late March and what followed. Clearly no coincidence.

Sorry, not seeing. Do you have any proof? Or just a guess presented as a fact?

My bad, must have been one of those coincidences...

Look, i'm not saying it is completely impossible but not one person so far has been able to prove the connection. I was just checking if you were the first. And you weren't.

[hlynur]

Just watch the first 10 mins or so of todays Max Keisser https://www.youtube.com/watch?v=-J2tlG6gmnc&list=SPPszygYHA9K2ZtV_1KphSugBB7iZqbFyz&index=56

thanks for that one.
loved the comparison to some hookers beating up a mom because she looked like competition.

btc is gonna get the hell speculated out of it by USD.

[Rampion]

Selling pressure slowly building up.

[KS]

but then, do you want to attract the attention of the EU?

What do you mean?

This can swing both ways, good or bad.

If you attract the attention of the EU officials (in Brussels, you cannot *not* bump into them), you put BTC on the EU map which is potentially a good thing, but you also risk exposing it to unwanted regulation, which could be a hindrance.

I'd be interested to know how things turn out in Helsinki.

Maybe a stupid question from my side, however i could not think of a answer.
How do you see Brussel ( or an other government ) regulate Bitcoin?

They could ban the use of the Bit-tips, for ex. That would put a stop to the initiative.

[KS]

but then, do you want to attract the attention of the EU?

What do you mean?

This can swing both ways, good or bad.

If you attract the attention of the EU officials (in Brussels, you cannot *not* bump into them), you put BTC on the EU map which is potentially a good thing, but you also risk exposing it to unwanted regulation, which could be a hindrance.

I'd be interested to know how things turn out in Helsinki.

Would you be surprised if senior members of HM Government (HMRC/MOD/Treasury), are talking to prominent members of the UK Bitcoin community? The attention phase has passed.

Oh, I think it's just starting.

It started a few months ago, and is a continuing dialogue.

They're only a few years late...

[stereotype]

but then, do you want to attract the attention of the EU?

What do you mean?

This can swing both ways, good or bad.

If you attract the attention of the EU officials (in Brussels, you cannot *not* bump into them), you put BTC on the EU map which is potentially a good thing, but you also risk exposing it to unwanted regulation, which could be a hindrance.

I'd be interested to know how things turn out in Helsinki.

Maybe a stupid question from my side, however i could not think of a answer.
How do you see Brussel ( or an other government ) regulate Bitcoin?

They could ban the use of the Bit-tips, for ex. That would put a stop to the initiative.

But the reptile knows some good saunas he could entertain them in. Those officials like things like that!

[KS]

Once they start there will be no end. In no time you will have to prompt your peers for permission before adding them to peers.dat.. put a big warning sign saying THIS IS NOT MONEY on any physical bitcoins.. register all your addresses with the ECB.. their imagination has no end. They even regulate how deep your tractor is allowed to make tracks on your own farmland.

eu even regulated to what degree a banana has to bend to sell it as that. (no joke!)

http://en.wikipedia.org/wiki/Commission_Regulation_%28EC%29_No_2257/94

[phoenix1]

Selling pressure slowly building up.

Feels like we are now clinging on to $110 rather than bumping up against it

[10c]

Well actually Dutch government wants some coins too.
official statement from minister of finance (Dijsselbloem)
source: http://www.nu.nl/internet/3495285/inkomsten-in-bitcoins-worden-belast.html
He happens to be head of EU finance at the moment as well.
also Canadian government wants coin.

[Rampion]

Selling pressure slowly building up.

Feels like we are now clinging on to $110 rather than bumping up against it

Those guys who panic bought from $110.5 to $112ish must be in a world of pain right now  

[KS]

Well actually Dutch government wants some coins too.
official statement from minister of finance (Dijsselbloem)
source: http://www.nu.nl/internet/3495285/inkomsten-in-bitcoins-worden-belast.html
He happens to be head of EU finance at the moment as well.
also Canadian government wants coin.

First step to becoming a recognized currency: pay your taxes in BTC! Way to go Orange!

[stereotype]

Well actually Dutch government wants some coins too.
official statement from minister of finance (Dijsselbloem)
source: http://www.nu.nl/internet/3495285/inkomsten-in-bitcoins-worden-belast.html
He happens to be head of EU finance at the moment as well.
also Canadian government wants coin.

Wow. They actually asked a parliamentary question. Onwards and upwards.

[phoenix1]

Selling pressure slowly building up.

Feels like we are now clinging on to $110 rather than bumping up against it

Those guys who panic bought from $110.5 to $112ish must be in a world of pain right now  

There is still someone out there trying to keep it up here, but I wonder how long it can last before we let go

[Adrian-x]

Well actually Dutch government wants some coins too.
official statement from minister of finance (Dijsselbloem)
source: http://www.nu.nl/internet/3495285/inkomsten-in-bitcoins-worden-belast.html
He happens to be head of EU finance at the moment as well.
also Canadian government wants coin.

This sounds good, governments should set an exchange rate for fiat to Bitcoin say $1000 per 1XBT
And regulate the price through market forces, that'll do it.