adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
August 27, 2014, 06:15:10 PM |
|
unbelievable. can you imagine having to "pay" to own one of these debt instruments? i understand the argument that it has a state guarantee behind it but c'mon. Could it be due to regulations? In some regions, banks are forced to hold a certain portion of their reserves in government bonds. If somebody is desperate to own these instruments for regulatory reasons, it can depress the yield. Please lend me 100 euro now and I'll give you back 97 in 3 years! can people barrow at negative interest yet?
|
|
|
|
wachtwoord
Legendary
Offline
Activity: 2338
Merit: 1136
|
|
August 27, 2014, 06:16:39 PM |
|
unbelievable. can you imagine having to "pay" to own one of these debt instruments? i understand the argument that it has a state guarantee behind it but c'mon. Could it be due to regulations? In some regions, banks are forced to hold a certain portion of their reserves in government bonds. If somebody is desperate to own these instruments for regulatory reasons, it can depress the yield. Please lend me 100 euro now and I'll give you back 97 in 3 years! can people barrow at negative interest yet? Now, just the German government.
|
|
|
|
zeetubes
|
|
August 27, 2014, 06:20:59 PM |
|
yes, UST's following suit. so who the hell is buying stocks? The fed and its dealers are the only ones buying stocks and just about any other instrument around the world.
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
August 27, 2014, 06:32:35 PM |
|
turning back up on the 15 min and 1h...
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
August 27, 2014, 06:45:28 PM |
|
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
August 27, 2014, 06:59:52 PM |
|
nice stock DUMP
|
|
|
|
|
Torque
Legendary
Offline
Activity: 3696
Merit: 5276
|
|
August 27, 2014, 07:33:52 PM |
|
Scary. As. Hell. One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network. I hope that these bitcoin mining facilities are hard to track down. But with all the electricity it is sucking, I somehow doubt it. And I'm sure that there is no Disaster Recovery plan in place for these facilities...
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
August 27, 2014, 07:35:37 PM |
|
Scary. As. Hell. One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network. I hope that these bitcoin facilities are hard to track down. But with all the electricity it is sucking, I doubt it... whose missile? certainly not a US one. neither a Chinese one; it's their gvt's ace in the hole if gold and UST's go kerplunk.
|
|
|
|
Torque
Legendary
Offline
Activity: 3696
Merit: 5276
|
|
August 27, 2014, 07:36:25 PM |
|
Scary. As. Hell. One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network. I hope that these bitcoin facilities are hard to track down. But with all the electricity it is sucking, I doubt it... whose missile? certainly not a US one. neither a Chinese one; it's their gvt's ace in the hole if gold and UST's go kerplunk. Can you say Terrorism?
|
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
August 27, 2014, 07:50:02 PM |
|
Scary. As. Hell. One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network. I hope that these bitcoin facilities are hard to track down. But with all the electricity it is sucking, I doubt it... whose missile? certainly not a US one. neither a Chinese one; it's their gvt's ace in the hole if gold and UST's go kerplunk. Can you say Terrorism? well then, the US gvt would have to pay the consequences of its actions.
|
|
|
|
notme
Legendary
Offline
Activity: 1904
Merit: 1002
|
|
August 27, 2014, 07:54:01 PM |
|
Eighteen percent of participants indicated that they were “likely” or “very likely” to use a digital currency, and only 3% of those who had heard of bitcoin said they had actually bought some.
So a factor of 6 increase in demand when the next bubble gets rolling?
|
|
|
|
Torque
Legendary
Offline
Activity: 3696
Merit: 5276
|
|
August 27, 2014, 08:26:46 PM |
|
Scary. As. Hell. One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network. I hope that these bitcoin facilities are hard to track down. But with all the electricity it is sucking, I doubt it... whose missile? certainly not a US one. neither a Chinese one; it's their gvt's ace in the hole if gold and UST's go kerplunk. Can you say Terrorism? well then, the US gvt would have to pay the consequences of its actions. I'm just concerned that these bitcoin mining facilities, that are supposedly running the greatest worldwide virtual currency network ever seen on planet earth, have all the security & disaster hardening equivalent of a shabby convenient store. In the near future we could be talking about $100+ Billion worldwide market here. Even most corporate HA/DR data centers are better designed than this.
|
|
|
|
kendog77
|
|
August 27, 2014, 08:38:45 PM |
|
I'm just concerned that these bitcoin mining facilities, that are supposedly running the greatest worldwide virtual currency network ever seen on planet earth, have all the security & disaster hardening equivalent of a shabby convenient store. In the near future we could be talking about $100+ Billion worldwide market here.
Even most corporate HA/DR data centers are better designed than this.
If the spike of Bitcoin spikes again, millions of dollars of capital will flow into mining and help secure the network. Bitcoin mining difficulty follows price. If a large mining facility goes offline, the difficulty would fall and the remaining miners on the network would make more, which would also provide an incentive for more capital to flow into mining.
|
|
|
|
notme
Legendary
Offline
Activity: 1904
Merit: 1002
|
|
August 27, 2014, 08:41:41 PM |
|
It's much easier to wipe out a traditional bank's records with a missile than to wipe out the blockchain. Even if they take out half the network right after a difficulty adjustment and it takes a month of 20 minute blocks to readjust, the transaction record will be safe.
|
|
|
|
Pruden
|
|
August 27, 2014, 09:13:34 PM |
|
As CNBC notes, since the recession ended, lower-wage jobs have grown by 2.3 million while medium- and higher-wage jobs actually contracted by 1.2 million. This is in line with the ground-losing 2% wage growth the job market is seeing.
That is deeply disturbing and echoes something I read the other day: Hussman's comment this week is a monumental piece on the flawed causality of QE, and more generally on the inequality that lower rates cause. Cheaper money helps disproportionately the only kind of business whose main cost is money: Financials. About low quality of employment: http://www.hussmanfunds.com/wmc/wmc140825.htmFirst, we should begin by stopping the harm. Quantitative easing will not help to reverse this process... Indeed, Fed policy does violence to the economy by helping to narrow it to what complex systems theorists call a “monoculture.” Nearly every minute of business television is now dominated by the idea that the Federal Reserve is the only thing that matters. Meanwhile, by pursuing a policy that distinctly benefits those enterprises whose primary cost is interest itself, the Fed’s policies have preserved and enhanced too-big-to-fail banks, financial engineering, and speculative international capital flows at the expense of local lending, small and medium-size banks and enterprises, and ultimately, economic diversity.
|
|
|
|
HeliKopterBen
|
|
August 27, 2014, 10:23:13 PM |
|
Scary. As. Hell. One well placed missile and that entire building would be gone, along with it 5% of the entire bitcoin network. I hope that these bitcoin facilities are hard to track down. But with all the electricity it is sucking, I doubt it... whose missile? certainly not a US one. neither a Chinese one; it's their gvt's ace in the hole if gold and UST's go kerplunk. Can you say Terrorism? well then, the US gvt would have to pay the consequences of its actions. I'm just concerned that these bitcoin mining facilities, that are supposedly running the greatest worldwide virtual currency network ever seen on planet earth, have all the security & disaster hardening equivalent of a shabby convenient store. In the near future we could be talking about $100+ Billion worldwide market here. Even most corporate HA/DR data centers are better designed than this. Bitcoin's peer-to-peer design IS the security and disaster hardening. That mining facility is just one peer on the network. Bitcoin is likely too big to fail at this point.
|
Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
|
|
|
hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
|
|
August 27, 2014, 11:02:48 PM |
|
Bitcoin is likely too big to fail at this point.
So true. Bill Gates' 'technological tour de force'.
|
|
|
|
cypherdoc (OP)
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
August 28, 2014, 12:08:39 AM |
|
ghash 20%, Discus 24% i thought ghash was supposed to take over and trash the entire network?:
|
|
|
|
|