Gold collapsing. Bitcoin UP.

[lebing]

is this just from a blizzard?  Why today?

[cypherdoc]

is this just from a blizzard?  Why today?

b/c JR had his Austin meetup the other night.

[cypherdoc]

Bitcoin has no competition:

This is possible because of two flaws with the system. Most problematically, it's easy for hackers to steal credit card numbers from stores, and then sell those numbers online. That's a fundamental problem with the credit-card system (and especially the stupid dumb magnetic stripes they all use), and something that Apple Pay is just an unwitting victim of.

The second issue, however, is specific to Apple Pay. In short, banks aren't taking the proper measures to ensure that the credit card owner is the one using the credit card in Apple Pay. According to Drop Labs, most banks use a phone call to authenticate when a card is loaded into Apple Pay, a method that's woefully inadequate.

http://gizmodo.com/turns-out-apple-pay-cant-solve-credit-card-fraud-1681932420

[cypherdoc]

there are actually plenty of reasons for the USD to fall, one of the most practical being that US corporations find it harder to compete overseas making the spectre of another Fed easing rather viable.  other reasons:

http://www.businessinsider.com/iran-is-ditching-the-dollar-in-foreign-trade-2015-1

the counter balance, of course, is the huge amount of USD denominated loans, especially overseas, that if it implodes will put upward pressure on the USD.

[cypherdoc]

the simple fact that Bitcoin is unaffected despite the turmoil in traditional markets is telling.

[cypherdoc]

Bitcoin has become a valid "hedge" or alternative asset class that will become recognized by hedge funds and financial risk analysts.

[cypherdoc]

Central banks everywhere should be sure to own everything that is happening now:

http://www.zerohedge.com/news/2015-01-27/bonds-third-largest-austrian-bank-are-crashing

[Shak]

oh wait... that's the bank bitstamp is working with and where the funds are 

[cypherdoc]

oh wait... that's the bank bitstamp is working with and where the funds are 

you're kidding?

[lebing]

oh wait... that's the bank bitstamp is working with and where the funds are 

you're kidding?

no its, true. But why would that matter? This is related to bonds and I believe there is insurance on deposits in Slovenia.

[lebing]

BAM!

[kodtycoon]

BAM!

that aint showing on mine? :/

[lebing]

BAM!

that aint showing on mine? :/

It's a mockup of the potential design.
https://twitter.com/ryanxcharles/status/559832931112202240/photo/1

[tabnloz]

Bitcoin has become a valid "hedge" or alternative asset class that will become recognized by hedge funds and financial risk analysts.

As money flows out of Eu and into the 'safety' of USD it only takes a small percentage of people to figure the risk of sovereign defaults is real in the medium term (assuming greek,spanish,italian and probably french banks are all basically insolvent). So why not put some money into an alternative asset class like btc?

[solex]

oh wait... that's the bank bitstamp is working with and where the funds are 

you're kidding?

no its, true. But why would that matter? This is related to bonds and I believe there is insurance on deposits in Slovenia.

Only up to 100k euros.  Nothing compared to Bitstamp's funds.

http://www.bsi.si/en/guarantee-scheme.asp?MapaId=1047

[cypherdoc]

The Oil Crash Could Trigger Billions In UK Bank Losses

 http://www.businessinsider.com/the-oil-crash-could-trigger-billions-in-uk-bank-losses-2015-1#ixzz3Q3BFGR4S

[tabnloz]

The Oil Crash Could Trigger Billions In UK Bank Losses

 http://www.businessinsider.com/the-oil-crash-could-trigger-billions-in-uk-bank-losses-2015-1#ixzz3Q3BFGR4S

How long long would the price have to stay under $80 for it to really bite? Or could there be a domino effect?

[hdbuck]

oh wait... that's the bank bitstamp is working with and where the funds are  

you're kidding?

no its, true. But why would that matter? This is related to bonds and I believe there is insurance on deposits in Slovenia.

Only up to 100k euros.  Nothing compared to Bitstamp's funds.

http://www.bsi.si/en/guarantee-scheme.asp?MapaId=1047

should i grab som popcorn?

edit: tho we sure this is the same bank we are talking about here?

Bank name:   
Unicredit banka Slovenija d.d.
Address:   Smartinska 140
City:   1000 Ljubljana
Country:   Slovenia

> https://www.bitstamp.net/article/new-banking-details/

[iCEBREAKER]

Bitcoin collapsing.  Gold UP.

[hdbuck]

California Regulator: Coinbase Exchange 'Not Regulated or Licensed'... ^^

http://www.coindesk.com/california-regulator-coinbase-exchange-regulated-licensed/