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

[BlindMayorBitcorn]

wow ... didn't take much of a rattle to get the trolls out their cages today!! trololololol

Could say the same about the boosters

[findftp]

Happy newyear people!
Let bitcoin change the world.

Oh, and I almost forget.
Don't let fear guide you through 2015.
Fear is your biggest enemy.


He who fears being conquered is sure of defeat.
        Napoleon

[Wandererfromthenorth]

Glad to see that vague narratives that don't even apply to BTC are still used by pumpers to summon greater fools a new bull market.

[BlindMayorBitcorn]

Glad to see that vague narratives that don't even apply to BTC are still used by pumpers to summon greater fools a new bull market.

But...the ETF?

[marcus_of_augustus]

Glad to see that vague narratives that don't even apply to BTC are still used by pumpers to summon greater fools a new bull market.

But...the ETF?

Personally i feel the ETF is for the weak that cannot muster the ability to look after their own money ... sounds perfect for the types wall st. likes to prey upon ... you know the marks people you shills herd towards them.

... but bitcoin is insidious and irrepressible, like all the best ideas, it will keep seeping back through the cracks and open windows until the monetary prison wall st. has built crumbles and can no longer contain truth from the debt-slaves prisoners

discrediting bitcoin is like trying to discredit Copernicus's helio-centric solar system, it may seem like the right thing to do for old fat encumbents in robes who perform weird ceremonies and incantations ... but ultimately they are farting against the thunder of history and be made to look like complete idiots with a little hindsight, ask Galileo

[JorgeStolfi]

If the SEC had decided they wouldn't approve a math-based assets ETF they would've made it clear to the Winklevoss instead of suggesting corrections to their filings.

Logic would suggest that no amount of countless lawyers hours at a hefty price should be spent further pursuing a hopeless goal. Clearly the Winks have some indications that following due process their project has a chance and will ultimately be approved.

We do not know whether the SEC suggested anything.  The Winkles may have decided to change the state of incorporation and many legal details, so they absolutely had to amend their filing just because of that.  I don't know if the other changes, about the current state of the bitcoin economy, would have made much difference to the SEC, or if the Winkles would have felt it worth amend the filing just because of them.

News about the amended filing were been posted several times to on the /r/bitcoin sub-reddit.  In one of those threads, someone observed that the SEC has more than 1000 ETF proposals waiting for approval, some for over a year; and that the longer a proposal sits on the queue, the less likely it is to be approved.

The proposal says they will offer 1'000'000 shares, each representing 0.20 BTC held by teh fund.  If the ETF is approved, presumably the Winkles will sell their estimated 200'000 BTC to the fund (indirectly, to the people who will but shares of the fund).

They also changed the name of the fund's company.  Another comment on that thread notes that the acronym of "Math-Based Asset Services, LLC" - MBASL -- could be pronounced as "embezzle".   

[BlindMayorBitcorn]

If the SEC had decided they wouldn't approve a math-based assets ETF they would've made it clear to the Winklevoss instead of suggesting corrections to their filings.

Logic would suggest that no amount of countless lawyers hours at a hefty price should be spent further pursuing a hopeless goal. Clearly the Winks have some indications that following due process their project has a chance and will ultimately be approved.

We do not know whether the SEC suggested anything.  The Winkles may have decided to change the state of incorporation and many legal details, so they absolutely had to amend their filing just because of that.  I don't know if the other changes, about the current state of the bitcoin economy, would have made much difference to the SEC, or if the Winkles would have felt it worth amend the filing just because of them.

News about the amended filing were been posted several times to on the /r/bitcoin sub-reddit.  In one of those threads, someone observed that the SEC has more than 1000 ETF proposals waiting for approval, some for over a year; and that the longer a proposal sits on the queue, the less likely it is to be approved.

The proposal says they will offer 1'000'000 shares, each representing 0.20 BTC held by teh fund.  If the ETF is approved, presumably the Winkles will sell their estimated 200'000 BTC to the fund (indirectly, to the people who will but shares of the fund).

They also changed the name of the fund's company.  Another comment on that thread notes that the acronym of "Math-Based Asset Services, LLC" - MBASL -- could be pronounced as "embezzle".   

Genius:P

[ChartBuddy]

Explanation

[noobtrader]

wow @ the price ppl at bitfinex 5 usd more than huobi... wow  

[JorgeStolfi]

discrediting bitcoin is like trying to discredit Copernicus's helio-centric solar system

Well, to me bitcoin looks like the Ptolemaic system of spheres with axles mounted eccentically on other spheres etc.  An impressive technical tour-de-force an a working solution to a difficult problem, but clearly not quite the best solution yet.

[Wandererfromthenorth]

discrediting bitcoin is like trying to discredit Copernicus's helio-centric solar system

Well, to me bitcoin looks like the Ptolemaic system of spheres with axles mounted eccentically on other spheres etc.  An impressive technical tour-de-force an a working solution to a difficult problem, but clearly not quite the best solution yet.

PS: I agree by the way.

[marcus_of_augustus]

discrediting bitcoin is like trying to discredit Copernicus's helio-centric solar system

Well, to me bitcoin looks like the Ptolemaic system of spheres with axles mounted eccentically on other spheres etc.  An impressive technical tour-de-force an a working solution to a difficult problem, but clearly not quite the best solution yet.

i wouldn't place much stake in any technical opinion you might have 'professor' ... just fwiw.

.. with the few technical interactions we've had you strike me as exactly the type the current academic institutions produce. Mediocre caretakers at best, a revolutionary technology is a direct affront to your unearned status, and probably outside your limited comprehension skills to boot.

[galdur]

Well, difficulty sure seems to be off to a flying start in 2015

Estimated Next Difficulty:   44,158,524,089 (+8.66%)
Adjust time:   After 1801 Blocks, About 11.6 days

[marcus_of_augustus]

discrediting bitcoin is like trying to discredit Copernicus's helio-centric solar system

Well, to me bitcoin looks like the Ptolemaic system of spheres with axles mounted eccentically on other spheres etc.  An impressive technical tour-de-force an a working solution to a difficult problem, but clearly not quite the best solution yet.

PS: I agree by the way.

... and what are you doing to make the world a better place? Trying to fix all these glaring flaws you brilliantly found in bitcoin? Proposing and building an alternative monetary system?

No, wait, you are spending endless hours posting negative diatribe and vitriol on a out-of-the-way backwater thread for penny traders of digital currency you hate the entire concept of ...  must be some kind of personal hell or penance you have committed yourself to for past sins, atonement, masochism, mental health issues?

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[JorgeStolfi]

[...]

Happy New Year even to you.

[KFR]

Save your breath Marcus.  He's a (lu/fa)natic.   

[ChartBuddy]

Explanation