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

[rpietila]

Look at Proudhorn. He got song and he started posting here again. A legend. He will be in economics books.

He is already.

[chriswilmer]

Recently, Bitcoin market cap (i.e. total value of all Bitcoins issued) reached the $2 billion mark, surpassing small countries like Liberia and Guinea.
This should have been obvious.

isn't it $20 billion?

The authority for this is
http://www.coinometrics.com/bitcoin/bmix

Go to the bottom of the page and select Full Data Table
Bitcoin is currently 71 in the world (out of 191 countries) between azerbijan and lithuania

burma at 12 million?


okay, who wants to go in with me and buy burma?

Hmm, you know what, that's actually an interesting proposition. It's probably hard to buy a country using national fiat currencies, no matter how rich you are, but with bitcoins... you just might be able to do it (i.e., pay out the government + military to leave the country / hand over control). Maybe we will see a brave new world of corporations taking over nations now that they have a financial vehicle with which to do it.

[bitcodo]

Look at Proudhorn. He got song and he started posting here again. A legend. He will be in economics books.

He is already.

I knew it. It is conspiracy. We are not in 2013. It is French Revolution of 1848. Or just revolution?

[conspirosphere.tk]

It's probably hard to buy a country using national fiat currencies

Not at all. everybody is doing it behind the scenes.

[Vycid]

Look at Proudhorn. He got song and he started posting here again. A legend. He will be in economics books.

He is already.

I knew it. It is conspiracy. We are not in 2013. It is French Revolution of 1848. Or just revolution?

The growth in power of multinational corporations is already signaling change. If Bitcoin becomes the medium of international exchange, nations will become increasingly irrelevant in the coming decades. Eventually it will be all about the sphere of influence of the largest multinationals, with many smaller client corporations operating in that space.

If I am paying income income tax to Google instead of Uncle Sam in 40-50 years, I will not be surprised.

[EatonABooger]

The authority for this is
http://www.coinometrics.com/bitcoin/bmix

Go to the bottom of the page and select Full Data Table
Bitcoin is currently 71 in the world (out of 191 countries) between azerbijan and lithuania

burma at 12 million?


okay, who wants to go in with me and buy burma?
[/quote]

I will be your man-servant.  Just provide me with a little villa on the beach for my wife and I + a little spending money.  We will even raise your children.
(note: if BTC keeps up, we can defer the stipend - may even have to look for my own country someday)
: )

[maz]

Recently, Bitcoin market cap (i.e. total value of all Bitcoins issued) reached the $2 billion mark, surpassing small countries like Liberia and Guinea.
This should have been obvious.

isn't it $20 billion?

The authority for this is
http://www.coinometrics.com/bitcoin/bmix

Go to the bottom of the page and select Full Data Table
Bitcoin is currently 71 in the world (out of 191 countries) between azerbijan and lithuania

burma at 12 million?

okay, who wants to go in with me and buy burma?

If you sold your LTC at $48 you could have bought it yourself

[philip2000uk]

Look at Proudhorn. He got song and he started posting here again. A legend. He will be in economics books.

He is already.

I knew it. It is conspiracy. We are not in 2013. It is French Revolution of 1848. Or just revolution?

The growth in power of multinational corporations is already signaling change. If Bitcoin becomes the medium of international exchange, nations will become increasingly irrelevant in the coming decades. Eventually it will be all about the sphere of influence of the largest multinationals, with many smaller client corporations operating in that space.

If I am paying income income tax to Google instead of Uncle Sam in 40-50 years, I will not be surprised.

Say WHATTTTTT! INSERT AFRO SMILEY.

Tax is for police and stuff i dont think we gonna have google police lol though come to think of it we probably do have online.

I say we buy an island and live on it like richard bransons island.

[rocks]

The growth in power of multinational corporations is already signaling change. If Bitcoin becomes the medium of international exchange, nations will become increasingly irrelevant in the coming decades. Eventually it will be all about the sphere of influence of the largest multinationals, with many smaller client corporations operating in that space.

If I am paying income income tax to Google instead of Uncle Sam in 40-50 years, I will not be surprised.

This already happened at a more national scale in the late 1800's, ever heard of standard oil? The people finally woke up and voted to tame the largest corporations back down in influence. As long as governments provide the people at least a pretense of a democracy then it is possible to bring the corprations in check.

Whether people will wake up in reality is debatable, the red team blue team pretense has fooled many for a long time....

[ChartBuddy]

[Richy_T]

I say we buy an island and live on it like richard bransons island.

I couldn't afford his island. Maybe I could just rent his beard.

[gizmoh]

Now some Very Bad News for the Bulls:

It is still to be confirmed, but apparently 92,000 btc has been 'stolen' from sheep marketplace ( SilkRoad replacement).
Besides the larger bad press to come, many might be tempted to sell before the thief does or in anticipation of negative repercussion that black market still thrive in bitcoinland and the biggest bitcoin heist hits major press ( 15th largest loot in the world at current btc rate)

Will this be the bad news that ends this current growth/bubble trend?

News here:
http://www.newstatesman.com/future-proof/2013/12/theres-%C2%A360m-bitcoin-heist-going-down-right-now-and-you-can-watch-real-time

Discussion about the heist:

http://www.reddit.com/r/SheepMarketplace/

The Address in question:

https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP

[Vycid]

The growth in power of multinational corporations is already signaling change. If Bitcoin becomes the medium of international exchange, nations will become increasingly irrelevant in the coming decades. Eventually it will be all about the sphere of influence of the largest multinationals, with many smaller client corporations operating in that space.

If I am paying income income tax to Google instead of Uncle Sam in 40-50 years, I will not be surprised.

This already happened at a more national scale in the late 1800's, ever heard of standard oil? The people finally woke up and voted to tame the largest corporations back down in influence. As long as governments provide the people at least a pretense of a democracy then it is possible to bring the corprations in check.

Whether people will wake up in reality is debatable, the red team blue team pretense has fooled many for a long time....

This is different. Before, companies operated within the bounds of nations and were at the whims of those countries.

Now, multinationals can just threaten to pack up and leave if they are legislated against. For really big companies, that could devastate a country's economy.

These companies might end up either propping up friendly puppet states, or simply abolishing them and raising their own police forces and militaries,  laying their own roads, etc.

This future isn't a foregone conclusion but the trends do point clearly clearly in that direction.

I sorta want to write a novel about it...

[Vycid]

Now some Very Bad News for the Bulls:

It is still to be confirmed, but apparently 92,000 btc has been 'stolen' from sheep marketplace ( SilkRoad replacement).
Besides the larger bad press to come, many might be tempted to sell before the thief does or in anticipation of negative repercussion that black market still thrive in bitcoinland and the biggest bitcoin heist hits major press ( 15th largest loot in the world at current btc rate)

Will this be the bad news that ends this current growth/bubble trend?

News here:
http://www.newstatesman.com/future-proof/2013/12/theres-%C2%A360m-bitcoin-heist-going-down-right-now-and-you-can-watch-real-time

Discussion about the hesit:

http://www.reddit.com/r/SheepMarketplace/

The Address in question:

https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP

Old news, it's priced in.

[simonk83]

Now some Very Bad News for the Bulls

You're a bit late with that one

[bitcodo]

... And every authority means the police
and any police weapon in the rough hands.
each weapon brings suffering
and any suffering turns into resistance.
And each resistor quietly turns into a revolution.
Revolution brings new power ...

The Neverending Story

[Richy_T]

Now some Very Bad News for the Bulls:

It is still to be confirmed, but apparently 92,000 btc has been 'stolen' from sheep marketplace ( SilkRoad replacement).
Besides the larger bad press to come, many might be tempted to sell before the thief does or in anticipation of negative repercussion that black market still thrive in bitcoinland and the biggest bitcoin heist hits major press ( 15th largest loot in the world at current btc rate)

Will this be the bad news that ends this current growth/bubble trend?

News here:
http://www.newstatesman.com/future-proof/2013/12/theres-%C2%A360m-bitcoin-heist-going-down-right-now-and-you-can-watch-real-time

Discussion about the heist:

http://www.reddit.com/r/SheepMarketplace/

The Address in question:

https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP

Yesterday's news. Factored in.

[thezerg]

Recently, Bitcoin market cap (i.e. total value of all Bitcoins issued) reached the $2 billion mark, surpassing small countries like Liberia and Guinea.
This should have been obvious.

isn't it $20 billion?

The authority for this is
http://www.coinometrics.com/bitcoin/bmix

Go to the bottom of the page and select Full Data Table
Bitcoin is currently 71 in the world (out of 191 countries) between azerbijan and lithuania

burma at 12 million?


okay, who wants to go in with me and buy burma?

Hmm, you know what, that's actually an interesting proposition. It's probably hard to buy a country using national fiat currencies, no matter how rich you are, but with bitcoins... you just might be able to do it (i.e., pay out the government + military to leave the country / hand over control). Maybe we will see a brave new world of corporations taking over nations now that they have a financial vehicle with which to do it.

I know these comparisons are tongue-in-cheek, but just for those who are confused as far as I can figure you couldn't buy a country for its GDP.  I mean, even if you COULD buy a country... you couldn't buy it for its GDP.   It wouldn't cost that little.  That would be like buying a company for its earnings.  But as we all know stocks trade for a PE multiple.  Makes sense because you are buying ALL future earnings output, not just one year.  So I think a PE of 10 would be ok esp. for these underperforming countries...

So Burma could go for 120million... that's way too... well... hmm...

[ElectricMucus]

it's priced in.

4.5% of all bitcoins ever to exist are acquired by a single scammer and prices are 93% of the ATH.
That's not priced in.

[maz]

Now some Very Bad News for the Bulls:

It is still to be confirmed, but apparently 92,000 btc has been 'stolen' from sheep marketplace ( SilkRoad replacement).
Besides the larger bad press to come, many might be tempted to sell before the thief does or in anticipation of negative repercussion that black market still thrive in bitcoinland and the biggest bitcoin heist hits major press ( 15th largest loot in the world at current btc rate)

Will this be the bad news that ends this current growth/bubble trend?

News here:
http://www.newstatesman.com/future-proof/2013/12/theres-%C2%A360m-bitcoin-heist-going-down-right-now-and-you-can-watch-real-time

Discussion about the hesit:

http://www.reddit.com/r/SheepMarketplace/

The Address in question:

https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP

Old news, it's priced in.

What a load of nonsense, priced into what? The price in your head? The effects are when it's cashed out and the ramifications to the market as 96,000 coins sold either in bulk, or bit by bit, its going to be noticed.