lebing
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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January 27, 2015, 03:57:47 PM |
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is this just from a blizzard?  Why today? |
Bro, do you even blockchain?
-E Voorhees
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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cypherdoc (OP)
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Activity: 1764
Merit: 1002
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January 27, 2015, 03:59:30 PM |
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is this just from a blizzard? Why today? b/c JR had his Austin meetup the other night. |
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cypherdoc (OP)
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January 27, 2015, 04:11:17 PM |
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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 |
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cypherdoc (OP)
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January 27, 2015, 04:25:09 PM |
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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-2015-1the 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. |
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cypherdoc (OP)
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January 27, 2015, 04:53:38 PM |
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the simple fact that Bitcoin is unaffected despite the turmoil in traditional markets is telling.
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cypherdoc (OP)
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Activity: 1764
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January 27, 2015, 05:09:26 PM |
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Bitcoin has become a valid "hedge" or alternative asset class that will become recognized by hedge funds and financial risk analysts.
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cypherdoc (OP)
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Activity: 1764
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January 27, 2015, 05:29:45 PM |
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Shak
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January 27, 2015, 06:00:14 PM |
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oh wait... that's the bank bitstamp is working with and where the funds are  |
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cypherdoc (OP)
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January 27, 2015, 06:13:12 PM |
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oh wait... that's the bank bitstamp is working with and where the funds are you're kidding? |
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lebing
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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January 27, 2015, 06:17:50 PM |
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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. |
Bro, do you even blockchain?
-E Voorhees
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lebing
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Activity: 1288
Merit: 1000
Enabling the maximal migration
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January 27, 2015, 06:22:55 PM |
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 BAM! |
Bro, do you even blockchain?
-E Voorhees
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kodtycoon
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Activity: 1568
Merit: 1002
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January 27, 2015, 06:25:30 PM |
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BAM! that aint showing on mine? :/ |
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tabnloz
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Activity: 961
Merit: 1000
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January 27, 2015, 06:30:20 PM |
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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? |
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solex
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Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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January 27, 2015, 06:58:43 PM |
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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 |
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cypherdoc (OP)
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Activity: 1764
Merit: 1002
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January 27, 2015, 07:06:20 PM |
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tabnloz
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Activity: 961
Merit: 1000
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January 27, 2015, 07:26:21 PM |
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How long long would the price have to stay under $80 for it to really bite? Or could there be a domino effect? |
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hdbuck
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Activity: 1260
Merit: 1002
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January 27, 2015, 07:35:43 PM |
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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=1047should 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/ |
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iCEBREAKER
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Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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January 27, 2015, 07:37:06 PM |
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Bitcoin collapsing. Gold UP.
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Monero
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| "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
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hdbuck
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Activity: 1260
Merit: 1002
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January 27, 2015, 07:51:52 PM |
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