Mexico and Bitcoin

[Gleb Gamow]

http://www.nasdaq.com/article/has-trump-made-mexico-the-next-hotspot-for-bitcoin-cm750695

To make Bitcoin all the more appealing, the peso’s value dropped 15 to 20 percent on election day as it became clear Trump would have the opportunity to enact his agenda.

“[Election Day] was our highest-volume day historically, with about $13.5 million [pesos] in purchases,” Pablo Gonzales, the CEO and general director of Bitso, a Mexican bitcoin exchange, told PaymentsSource. “A lot of Mexicans were panicking and buying bitcoin.”

That's odd?

http://www.exchange-rates.org/history/MXN/USD/T



It doesn't look like it dropped 15 to 20 percent to me. Besides, it wasn't clear till late in evening that Trump was destined to win, thus the 9th would've been a better barometer to cite if there were a decline (or increase) in the peso/dollar exchange rate.

https://www.investing.com/currencies/btc-usd-historical-data



It also doesn't look like there was much movement overall on the bitcoin/dollar exchange rate in spite of the supposed $13.5M in pesos purchase of bitcoins on Bitso ON ELECTION DAY IN THE US, not to mention how else other countries felt about the new US president. There's more movement in the bitcoin exchange rate when some Chinese authority farts.

[Yakamoto]

Truthfully I find a very large majority of articles like these to be filled with some very iffy reporting most of the time, and while the peso did crash on election day and the days following it, I don't think it got anywhere close to losing 15% or 20% of its value.

As for $13.5m in Bitcoin purchases, I would be slightly surprised but it doesn;t seem out of the realm of possibility.

[Gleb Gamow]

Truthfully I find a very large majority of articles like these to be filled with some very iffy reporting most of the time, and while the peso did crash on election day and the days following it, I don't think it got anywhere close to losing 15% or 20% of its value.

As for $13.5m in Bitcoin purchases, I would be slightly surprised but it doesn;t seem out of the realm of possibility.

Iffy or not, it's a quote from Pablo Gonzales of Bitso, thus pretty sure that nasdaq.com didn't put words in his mouth. Come to think of it, why wasn't one of the basic claims by Pablo, i.e. the peso's decline, not looked into by nasdaq.com? Surely its editor has access to at least Google if not some other database maintained by NASDAQ.

Upon review, here's my take: Them dudes donning big boy pants know more than we do, thus getting the hype out prior to what they know will come to pass, namely the Winklevoss' widely anticipated ETF. If you think I'm crazy, consider that Hitchcock didn't invent the following:

http://www.imdb.com/title/tt0053125/synopsis

The next morning, the action changes to inside the boardroom of a government intelligence agency in Washington D.C. where a group of planners remark about the photo of "U.N murderer" Roger Thornhill on the front page of a newspaper. They consider how to deal with the sudden appearance of a man who has been mistaken for the non-existent George Kaplan. It is revealed that these agents invented a non-existent agent named "George Kaplan" as a decoy for their real agent who has infiltrated an enemy group headed by a man named Vandamm. They've succeeded in making Vandamm believe that their phantom "Kaplan" is the real agent, by creating a trail of hotel registrations complete with prop clothing and other personal belongings moved in and out of the various hotel rooms by fellow agents. And now Vandamm has somehow mistaken Thornhill for Kaplan. The intelligence chief, a middle-aged gentleman called the Professor (Leo G. Carroll) suggests that the agency do nothing to help Thornhill. If they try to help him, they risk exposing their real agent who would probably be killed. For the time being, they will simply wait and let this real-life "Kaplan" (Thornhill) lend credibility to their invented "Kaplan."

Ironically, the plot centers around ...



Then there's the scene depicting Thomas Jefferson's nose, poking it where it don't belong: https://en.wikipedia.org/wiki/Thomas_Jefferson#Banks



Think about it!

[franky1]

if the mexican peso vs dollar crashes 15-20% you would NOT see the bitcoin price crash that much

you would see a mix of
americans selling bitcoin for peso's to buy cheap peso's
mexicans buying bitcoin from peso's as a better store of value

resulting in not much of a change in price of the bitcoin<->peso price

[Gleb Gamow]

Back to my Hitchcock connection ...

http://www.nysun.com/arts/satoshi-kons-theory-of-animation/80784/

But the director is no gleeful prankster, à la Takashi Murakami, whose superflat manifesto (the artist's aesthetic, influenced by anime, meant to disparage the emptiness of Japanese consumer culture) and mondo porno sculptures of anime boys and babes spraying copious bodily fluids are poisoned pies in the face of the anime aesthetic. Mr. [Satoshi] Kon is a subverter, not a saboteur, and it's no coincidence that after watching his directorial debut from 1998, "Perfect Blue," no less an authority than B-movie king Roger Corman compared him to Alfred Hitchcock.

Subvert:

1. to overthrow (something established or existing).
2. to cause the downfall, ruin, or destruction of.
3. to undermine the principles of; corrupt.


"Bruno, we think it's time for you to take a shower."

[davis196]

if the mexican peso vs dollar crashes 15-20% you would NOT see the bitcoin price crash that much

you would see a mix of
americans selling bitcoin for peso's to buy cheap peso's
mexicans buying bitcoin from peso's as a better store of value

resulting in not much of a change in price of the bitcoin<->peso price

Why would the americans buy cheap pesos?I don`t think that the mexican peso will increase it`s value soon.
Why would they sell their bitcoins for pesos?Bitcoin is very likely to increase it`s price a lot this year.
Your idea doesn`t make any sense.

[franky1]

if the mexican peso vs dollar crashes 15-20% you would NOT see the bitcoin price crash that much

you would see a mix of
americans selling bitcoin for peso's to buy cheap peso's
mexicans buying bitcoin from peso's as a better store of value

resulting in not much of a change in price of the bitcoin<->peso price

Why would the americans buy cheap pesos?I don`t think that the mexican peso will increase it`s value soon.
Why would they sell their bitcoins for pesos?Bitcoin is very likely to increase it`s price a lot this year.
Your idea doesn`t make any sense.

im not saying americans hold peso long term. im saying daytrade arbitrage.. resulting in the bitcoin<->peso levelling out

i made good arbitrage trades during the UK-US exchange rate drama of june and october 2016
(june being the brexit drama, october being the IMF SDR drama)

[Gleb Gamow]

if the mexican peso vs dollar crashes 15-20% you would NOT see the bitcoin price crash that much

you would see a mix of
americans selling bitcoin for peso's to buy cheap peso's
mexicans buying bitcoin from peso's as a better store of value

resulting in not much of a change in price of the bitcoin<->peso price

Why would the americans buy cheap pesos?I don`t think that the mexican peso will increase it`s value soon.
Why would they sell their bitcoins for pesos?Bitcoin is very likely to increase it`s price a lot this year.
Your idea doesn`t make any sense.

im not saying americans hold peso long term. im saying daytrade arbitrage.. resulting in the bitcoin<->peso levelling out

i made good arbitrage trades during the UK-US exchange rate drama of june and october 2016
(june being the brexit drama, october being the IMF SDR drama)

Speaking of movies, how did you do during the red herring drama?

"A cryptologist who once held an audience with the CIA doesn't simply forget how to verify cryptology presented by a fellow cryptologist atop a high rise office building in London, the financial capital of the world."

[franky1]

Speaking of movies, how did you do during the red herring drama?

DCG -> BLOQ -> gavin
DCG -> coindesk
DCG -> blockstream

timing..
craig wright attempt 1 late 2015 - consensus roundtable late 2015
craig wright attempt 2 early 2016 - conference early 2016

remember.. gavin was at a conference when he was interviewed.
https://www.youtube.com/watch?v=pNZyRMG2CjA
 (hint listen to background. he is obviously not at home)

then during this years satoshi roundtable.. yet again red herring drama to talk about craig wright instead of what actually was talked about at satoshi roundtable 2017

first rule of DCG club. dont talk about blockstream or DGC internal talks. instead point to craig drama and let sheep sleep dreaming about craig, not the real CODE proposals and directions bitcoin may move to

[Kakmakr]

Why would the Peso crash, if we have people in America feeling threatened that they would be thrown out of the country, with or without their wealth? That was what confronted most of these Mexicans. So I think, many of them would have tried to transfer wealth in any way or form back to safe heavens that would be accessible within Mexico.

Bitcoin is the answer to that, because it is accessible globally without the restriction of capital control or borders.

[Spoetnik]

You got 'em again Gamow !

I stopped looking at Crypto related news sites in 2013 when i seen how blatantly full of shit they were.
And heavily censored with comments.

[Gleb Gamow]

You got 'em again Gamow !

I stopped looking at Crypto related news sites in 2013 when i seen how blatantly full of shit they were.
And heavily censored with comments.

Maybe all them news articles are MacGuffins.

[audaciousbeing]

Most of these news from the way I see it are very much far from the reality and also the editor tries as much as to paint the scenerio in a way that will attract visitors to the site without really getting to push out the expression of the messenger. From the way it made it seems like its all Mexican that just decide to start buying bitcoin whereas in the real sense only few percentage of the population who cares how the money market and the exchange rates work are the one being referred to here.

[Gleb Gamow]

Most of these news from the way I see it are very much far from the reality and also the editor tries as much as to paint the scenerio in a way that will attract visitors to the site without really getting to push out the expression of the messenger. From the way it made it seems like its all Mexican that just decide to start buying bitcoin whereas in the real sense only few percentage of the population who cares how the money market and the exchange rates work are the one being referred to here.

Them writers/editors over at NASDAQ.com are no fools. They purposely published an article about Bitcoin with putting Mexico in its title, its content crafted around such. Why? Because of late, Mexico has been all the rage (double entendre intended). Hell, they even get to throw in a few licks at Trump. It's all his fault (in the voice of nasdaq.com).

Thanks to the Cold Border War, the ETF is going to pass. (I have fuckin idea why I wrote that, but it made sense when it first came to mind  )

[Gleb Gamow]

https://en.wikipedia.org/wiki/Uhura#Name

"Uhura" comes from the Swahili word uhuru, meaning "freedom". Nichols states in her book Beyond Uhura that the name was inspired by her having had with her a copy of Robert Ruark's book Uhuru on the day she read for the part.

What else did Robert Ruark write?

https://www.kirkusreviews.com/book-reviews/robert-ruark/tee-honey-badger/

The novel, as nonstop as a heavy headcold, has a certain unbridled energy, piped from the endocrine glands. And roue Ruark also drops a lot of names--from the Stork Club to 21, Beluga caviar to Pucci shirts. ... However, somewhere around the middle, Alec tries to get something out of his portable besides ""wooden characters... turned to stone""... But ""it all comes out crap."" He said it. We didn't.

Dorothy Kilgallen was about to release a bombshell in re the Kennedy assassination. Sadly, she died, perhaps murdered. While her glasses where found across the room, guess which book she was supposedly reading found bedside: https://www.youtube.com/watch?v=YextA-MkDXs&feature=youtu.be&t=1092