nmersulypnem
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June 25, 2013, 09:21:06 PM |
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WTF is going on? Bug?
EDIT: 101.x <-> 102.x
I suspect EUR book activity.
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Dalib
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Merit: 101
A Top Web 3 Gaming Layer2 Provider
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June 25, 2013, 09:36:59 PM |
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WTF is going on? Bug?
EDIT: 101.x <-> 102.x
I suspect EUR book activity. I see in Eur 3 trades and about 1 BTC over 20 minutes. rather bids still waiting for cheap coins and nobody wants to sell cheaply ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Ivanhoe
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June 25, 2013, 09:42:51 PM |
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So is it nearly time for Whale-ageddon II ?
![](https://ip.bitcointalk.org/?u=http%3A%2F%2F24.media.tumblr.com%2Ftumblr_lq7igfMLjl1qhnyjso1_500.gif&t=665&c=UXovO1u-6HSZnw)
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ErisDiscordia
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Activity: 1133
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Imposition of ORder = Escalation of Chaos
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June 25, 2013, 09:45:03 PM |
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Quantitive Easing is deployed with a goal of increasing inflation sure, but do you disagree inflation is pretty much inherent in any monetary system since the concept of money was deployed?
Yes I disagree. What do you expect from someone named Discordia? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) What about monetary systems based on the gold standard which have provided stable prices for decades and centuries (punctuated by outburst of price inflation during wartime episodes mostly)? What about a system based on Bitcoin? I dare say most monetary systems are not inflationary...it's just that currently the fiat monetary system (which is inflationary) is ubiquitous. Oh there might be some confusion about inflation. It helps when we clarify whether we're talking about monetary inflation (which is easy to pinpoint by definition) or price inflation (which is harder to distinguish and even harder to describe how it works). Since I find monetary inflation to be a much more useful concept than price inflation, that's what I'm looking at. And what I see is that Quantitative Easing = adding to the money supply = monetary inflation. Feel free to disagree.
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giszmo
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Merit: 1105
WalletScrutiny.com
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June 25, 2013, 09:54:27 PM |
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Any good android market watcher apps?
The last one I tried ran so hot and drained the battery in an hour. I think it must have been trying to mine on my phone! ...I just watch preev.com on my phone. Just don't mix wallets and fishy bitcoin apps. I wouldn't go as far as to suggest to have a dedicated phone for your self-compiled and reviewed android wallet yet but this day will come soon. If some minor developer of angry birds can sneak in a 2kB snippet that empties 10,000,000 wallets at a snap, this evil guy will do it. I mean even if he gets caught, he might have a higher cause to do so and the money will never find its way back to the owners. A bitcoin hater could even send the money to /dev/null Edit: Wonder what he would get prosecuted for in such a case ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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ChartBuddy
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Merit: 1799
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 25, 2013, 10:00:06 PM |
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adamstgBit
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Trusted Bitcoiner
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June 25, 2013, 10:03:56 PM |
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fr33d0miz3r
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June 25, 2013, 10:07:20 PM |
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Huge transaction? I think he is sending only 500 BTC to mtgox, and not 13,500. Look at his history
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Rampion
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June 25, 2013, 10:17:45 PM |
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Bears roaring ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.blockchained.com%2Fdepth_mtgox_15d.png&t=665&c=mw4tgTV0T4BWtA)
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Frozenlock
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June 25, 2013, 10:18:08 PM |
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Bitstamp going down. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FJNFJlqp.png&t=665&c=4kPyOWRBjFNlhg)
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Dalib
Full Member
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A Top Web 3 Gaming Layer2 Provider
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June 25, 2013, 10:32:56 PM |
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ups so it was a nice purchase on MtGox
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barbs
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June 25, 2013, 10:39:26 PM |
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Quantitive Easing is deployed with a goal of increasing inflation sure, but do you disagree inflation is pretty much inherent in any monetary system since the concept of money was deployed?
Yes I disagree. What do you expect from someone named Discordia? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) What about monetary systems based on the gold standard which have provided stable prices for decades and centuries (punctuated by outburst of price inflation during wartime episodes mostly)? What about a system based on Bitcoin? I dare say most monetary systems are not inflationary...it's just that currently the fiat monetary system (which is inflationary) is ubiquitous. Oh there might be some confusion about inflation. It helps when we clarify whether we're talking about monetary inflation (which is easy to pinpoint by definition) or price inflation (which is harder to distinguish and even harder to describe how it works). Since I find monetary inflation to be a much more useful concept than price inflation, that's what I'm looking at. And what I see is that Quantitative Easing = adding to the money supply = monetary inflation. Feel free to disagree. I'm confused ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) I think we're basically saying the same thing? Yeah, a system based on bitcoin would be great. But we're not there yet. Money we'd need to at least plug in and have power running to use is cool but stable physical legal tender for now will will rule. I'm hoping for wireless charger tech to take over so everywhere we walk in cities/ towns we're juicing up wirelessly and never have to recharge our portables. Bitcoin would fit great there, and MTgox would still suck. I don't disagree and typing this post made me miss this jump in price!
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solex
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100 satoshis -> ISO code
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June 25, 2013, 10:49:56 PM |
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Quantitive Easing is deployed with a goal of increasing inflation sure, but do you disagree inflation is pretty much inherent in any monetary system since the concept of money was deployed?
Yes I disagree. What do you expect from someone named Discordia? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) What about monetary systems based on the gold standard which have provided stable prices for decades and centuries (punctuated by outburst of price inflation during wartime episodes mostly)? What about a system based on Bitcoin? I dare say most monetary systems are not inflationary...it's just that currently the fiat monetary system (which is inflationary) is ubiquitous. Oh there might be some confusion about inflation. It helps when we clarify whether we're talking about monetary inflation (which is easy to pinpoint by definition) or price inflation (which is harder to distinguish and even harder to describe how it works). Since I find monetary inflation to be a much more useful concept than price inflation, that's what I'm looking at. And what I see is that Quantitative Easing = adding to the money supply = monetary inflation. Feel free to disagree. I'm confused ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) I think we're basically saying the same thing? Yeah, a system based on bitcoin would be great. But we're not there yet. Money we'd need to at least plug in and have power running to use is cool but stable physical legal tender for now will will rule. I'm hoping for wireless charger tech to take over so everywhere we walk in cities/ towns we're juicing up wirelessly and never have to recharge our portables. Bitcoin would fit great there, and MTgox would still suck. I don't disagree and typing this post made me miss this jump in price! To be more exact, quantitative easing is CB printed money intended to replace the credit money which normally appears in a debt-based economy by new bank loans. It is not yet inflationary because the fall-off in new loans since the credit crisis began is greater than the amount of QE. This is also why interest rates are near zero, to encourage new loans. The problem with this CB meddling is that the reason new loans have fallen off is because consumers, households and companies all realize that too much borrowing has occurred, is unsustainable, and want to pay down debt. If governments ran balanced-books they would agree, but they are debt-addicted too, and can't tolerate deflation because it makes their own debts larger in real terms and even more unsustainable.
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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June 25, 2013, 11:56:25 PM |
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It's worse. Government is actually paying banks not to lend the money out.
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Richy_T
Legendary
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Merit: 2240
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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June 26, 2013, 12:01:24 AM |
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NewLiberty
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Gresham's Lawyer
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June 26, 2013, 12:16:48 AM |
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Well, if you really want the global view on money. Here is the fresh info: http://www.bis.org/publ/arpdf/ar2013e.pdfThe Central Banks of the world, their relative debt levels, change over the last few years, etc. its on www.bis.orgIf you want it in French, German, Italian or Spanish.
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NewLiberty
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Merit: 1002
Gresham's Lawyer
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June 26, 2013, 01:19:43 AM |
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A word to the wise: http://www.forbes.com/sites/irswatch/2013/06/25/reminder-fbar-filing-due-by-june-30/FBAR reporting requirements are due for all folks in the US who have a foreign account that had a value over US$10K in 2012 with the IRS. Penalty for non-reporting can be as much as 50% of the value of the account per year (not profit) though are much lower for provably innocent mistakes. To reiterate, it doesn't matter if you cashed out anything or took any profit or just held it all in BTC, it is the value of the account and it being in a foreign nation that triggers the report requirement. Call your tax attorney to understand your situation, don't take my advice.
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Frozenlock
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June 26, 2013, 01:20:57 AM |
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All hail for the great evil empire.
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NewLiberty
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Gresham's Lawyer
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June 26, 2013, 01:23:59 AM |
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All hail for the great evil empire.
As much as I hate being the bearer of evil tidings, I really love you all and don't want to see you hurt by what you don't know. This also may be some of the reason for the recent price drop. US folks taking some out to pay off the tax?
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derpinheimer
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June 26, 2013, 02:05:45 AM |
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More simultaneous market order buy/sell retardation? Anyone catch how much was sold versus how much was bought of that 1k bump about a half hour ago?
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