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Author Topic: Gold collapsing. Bitcoin UP.  (Read 2022643 times)
cypherdoc
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March 30, 2015, 12:55:09 AM
 #22321

Banks are charging big fees for overseas CC purchases and not bothering to inform customers which option increases fees (pay in local or Australian dollars).

does this apply to US citizens traveling abroad?
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March 30, 2015, 01:34:31 AM
 #22322

Banks are charging big fees for overseas CC purchases and not bothering to inform customers which option increases fees (pay in local or Australian dollars).

does this apply to US citizens traveling abroad?

not sure, might just be Australian banks doing so? Although I assume its an industry thing. Dynamic currency conversion, one to read up on.
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March 30, 2015, 02:48:05 AM
 #22323

bad news for the USD:

http://www.cnbc.com/id/102543220
cypherdoc
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March 30, 2015, 03:02:19 AM
 #22324

still healthy growth.  amazing:

lunarboy
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March 30, 2015, 04:10:08 AM
 #22325

Banks are charging big fees for overseas CC purchases and not bothering to inform customers which option increases fees (pay in local or Australian dollars).

does this apply to US citizens traveling abroad?

this has been happening for many years now. For all UK banks and overseas cash withdrawals, and most card transactions.
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March 30, 2015, 04:35:58 AM
 #22326

Bitt just secured $1.5 million to bring Bitcoin to the Caribbean's unbanked

However:

If you're a resident of one of the following countries, you will be restricted from accessing Bitt services.

Burma
Cuba
Iran
North Korea
Sudan
Syria
United States <--You are a  bunch of terrorists by the looks of it

Congratulations USS of A.

https://www.bitt.com/privacy/aml
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March 30, 2015, 06:25:46 AM
 #22327

still healthy growth.  amazing:



we crossed 400PH..



why am i not having the same graph anyway?

https://blockchain.info/en/charts/hash-rate
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March 30, 2015, 07:49:43 AM
 #22328


we crossed 400PH..



why am i not having the same graph anyway?

https://blockchain.info/en/charts/hash-rate

click on the "7 day average" link at bottom and you'll get it.

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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March 30, 2015, 10:27:00 AM
 #22329

Ok, gold down. This should help stabilize Bitcoin. Time for a trend change.
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March 30, 2015, 12:24:48 PM
 #22330


Are slides' talk available somewhere?

Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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March 30, 2015, 02:37:33 PM
 #22331

it's difficult for me to see how the $DJT gets all the way back up to set a new high from here and at this time.  and if it doesn't, then yes, i do think that's a problem:

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March 30, 2015, 04:26:32 PM
 #22332

Unbelievable

http://mobile.nytimes.com/2015/03/31/nyregion/silk-road-case-federal-agents-charges.html?referrer=
Zangelbert Bingledack
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March 30, 2015, 05:45:12 PM
 #22333


Bitcoin represents a fundamental change in the very fiber of the social order from which regimes are woven. I and I'm sure several other people have been predicting this for quite some time: incentives to ally oneself with the state break down when you can hold and transact money with complete secrecy.
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March 30, 2015, 05:48:01 PM
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This made me laugh.  Could the Ross verdict now get overturned becasue of this?... That would be side side-splitting funny.

Almost as funny as being called 'Carl Mark Force IV'   sounds like a German physics scale.
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March 30, 2015, 05:51:39 PM
 #22335

Bitcoin represents a fundamental change in the very fiber of the social order from which regimes are woven. I and I'm sure several other people have been predicting this for quite some time: incentives to ally oneself with the state break down when you can hold and transact money with complete secrecy.
http://nakamotoinstitute.org/mempool/bitcoins-rugged-individualism/
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March 30, 2015, 05:53:53 PM
 #22336


Awesome.  The Bitcoin virus infects the King's Men of Babylon, even as the Ancien Régime rages and demands something Be Done to eradicate the perturbance...   Grin


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
cypherdoc
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March 30, 2015, 09:06:24 PM
 #22337

Bitcoin represents a fundamental change in the very fiber of the social order from which regimes are woven. I and I'm sure several other people have been predicting this for quite some time: incentives to ally oneself with the state break down when you can hold and transact money with complete secrecy.
http://nakamotoinstitute.org/mempool/bitcoins-rugged-individualism/

I didn't check but I assume this is the article where Daniel says even gvt officials might already be co-opted into the Bitcoin community. I agree.
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March 30, 2015, 09:25:27 PM
 #22338

Bitcoin represents a fundamental change in the very fiber of the social order from which regimes are woven. I and I'm sure several other people have been predicting this for quite some time: incentives to ally oneself with the state break down when you can hold and transact money with complete secrecy.
http://nakamotoinstitute.org/mempool/bitcoins-rugged-individualism/

I didn't check but I assume this is the article where Daniel says even gvt officials might already be co-opted into the Bitcoin community. I agree.
Actually I guess no. Here it is :

http://nakamotoinstitute.org/mempool/bitcoins-shroud-of-subtlety-and-allure/#allure
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March 30, 2015, 10:31:40 PM
 #22339

Bitcoin represents a fundamental change in the very fiber of the social order from which regimes are woven. I and I'm sure several other people have been predicting this for quite some time: incentives to ally oneself with the state break down when you can hold and transact money with complete secrecy.
http://nakamotoinstitute.org/mempool/bitcoins-rugged-individualism/

I didn't check but I assume this is the article where Daniel says even gvt officials might already be co-opted into the Bitcoin community. I agree.
Actually I guess no. Here it is :

http://nakamotoinstitute.org/mempool/bitcoins-shroud-of-subtlety-and-allure/#allure

The cumulative breakdown of official "vertical" relationships into informal ad hoc "horizontal" ones (IE grey/black/shadow markets) is enormously corrosive to calcified Late Empire structures of coercion.  The most spectacular recent example is the fall of the Soviet Union:

Quote
http://community.seattletimes.nwsource.com/archive/?date=19900922&slug=1094485

Saturday, September 22, 1990

Soviet Union's `Shadow Economy' -- Bribery, Barter, Black-Market Deals Are The Facts Of Life

By David Remnick
Washington Post

MOSCOW - While the Soviet Union's legislators and theorists ponder the vistas of a revolutionary economic-reform program, the people of this country live like hunter-gatherers in a real-world economy that is half desert, half medieval bazaar.

The official structures of the Bolshevik experiment are collapsing with such finality, the state-run shops are so barren, that nearly everyone now must participate in the immense ``shadow economy'' of speculation and petty bribery, barter deals and black-marketeers.

President Mikhail Gorbachev has proposed sweeping economic change to a form of market economy - a measure the Supreme Soviet is scheduled to vote on Monday. But that's the future; for today, life for the average Soviet citizen is a struggle for survival.

The demands of the ``shadow economy'' trace a Soviet lifetime. A child comes into the world with the mother paying a 200-ruble bribe to the maternity nurse for a sterile needle and an anesthetic. When a Soviet citizen dies, relatives are overcome not only with grief but with the knowledge that they must pay thousands of rubles in bribes to the mortician, the coffin maker and the gravedigger.

The law and its protectors are also involved in the web of survival. A few months ago, a Soviet traffic cop waved down a Western correspondent. The officer said the correspondent had been driving too fast and had to pay a 10-ruble fine on the spot. Using a time-honored method, the reporter collapsed into pidgin Russian and feigned incomprehension.

``Well, that's OK,'' said the cop, reaching into his coat pocket. ``Would you like to buy some good black caviar?''

There is nothing new about the black market in the Soviet Union. There have always been shortages - and then illegal dealers to fill the gap for the right price. The Soviet economy has never worked efficiently enough to put black-marketeers out of business. But talking about the black market was taboo. When Konstantin Simis, an attorney and professor of law until he emigrated to the United States in 1977, was working in Moscow on an early draft of his book ``U.S.S.R.: The Corrupt Society,'' the KGB confiscated the manuscript.

What was once heresy is now the conventional wisdom. In the text of presidential adviser Stanislav Shatalin's 500 Day economic-reform program, a section on the ``shadow economy'' admits that to some degree the black market has been a ``necessary adjunct'' to the old ``administrative-command'' system. It estimates that the ``shadow economy'' accounts for 15 or 20 percent of the gross national product.

There are several levels of the ``shadow economy,'' ranging from the pure exploitation and manipulation of shortages by party bureaucrats to the ``half-legal'' workers who provide services that simply cannot be obtained on the legal, state market, from construction work to auto repair.

Imagine if they had Bitcoin instead of rubles!  Communism would have been dead in less than a year.   Cheesy


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
cypherdoc
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March 31, 2015, 12:31:39 AM
 #22340

Dratel should have worked to postpone the case until this info came out.  it could have influenced the final verdict.
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