Gold collapsing. Bitcoin UP.

[cypherdoc]

gold has to get back up over 1325 to become relevant again.

[1714037240]

1714037240

[1714037240]

1714037240

[cypherdoc]

nom, nom, nom

[thefunkybits]

the ask walls @ 515 on both exchanges are not a sellers; they're blockers.

they must know something is coming in September which will force the price up.  that's my sense.

i drew the same conclusion here...the way the walls move around and the way they're presented seems like they're meant to scare

If the intent was to sell 1000+ Bitcoin you're not gonna put up a wall of 1050 coins, you would put up a bunch of little walls to hide your order as to not scare anyone into selling

[cypherdoc]

the ask walls @ 515 on both exchanges are not a sellers; they're blockers.

they must know something is coming in September which will force the price up.  that's my sense.

i drew the same conclusion here...the way the walls move around and the way they're presented seems like they're meant to scare

If the intent was to sell 1000+ Bitcoin you're not gonna put up a wall of 1050 coins, you would put up a bunch of little walls to hide your order as to not scare anyone into selling

he probably controls both 1000 ask walls, one is stable, and the other keeps flittering in and out.  scare tactic.

[Hunyadi]

the ask walls @ 515 on both exchanges are not a sellers; they're blockers.

they must know something is coming in September which will force the price up.  that's my sense.

i drew the same conclusion here...the way the walls move around and the way they're presented seems like they're meant to scare

If the intent was to sell 1000+ Bitcoin you're not gonna put up a wall of 1050 coins, you would put up a bunch of little walls to hide your order as to not scare anyone into selling

+1

Maybe the block is for GABI's launch. After that, bitcoin is free to rise.

[cypherdoc]

A worldwide deflation fear is expanding and may actually be rampant. BCA Daily Insights (August 25, 2014) notes that, “out of 32 OEC countries, more than two-thirds have domestic inflation rates that fall short of 1%.” BCA analysts go on to argue that the worldwide inflation rate may converge to zero over the next couple of years.

Debt markets currently reflect this fear. Here are examples of yields on the benchmark 10-year interest rate for sovereign debt. This is not about credit risk. This is about the risk that the global price-level change will approach or reach zero.

    1.      United States 10-Year Treasury Yield, 2.4%
    2.      Germany 10-Yield Bund Yield, under 1%
    3.      Japanese 10-Year JGB Yield, under 0.5%
    4.      France 10-Year Government Bond Yield, 1.3%
    5.      Canada 10-Year Government Bond Yield, 2%
    6.      United Kingdom 10-Year Government Bond Yield, 2.5%
    7.      Mexico 10-Year Government Bond Yield, 3.2%
    8.      Italy 10-Year Government Bond Yield, 2.4%

These are unexpected and remarkably low yields.  They reflect the results of central bank policies and the results of growing fear of disinflation or even deflation.

http://www.ritholtz.com/blog/2014/08/deflation-fear/

[cypherdoc]

The drawbacks of America’s civil tort system are well known. What is new is the way that regulators and prosecutors are in effect conducting closed-door trials. For all the talk of public-spiritedness, the agencies that pocket the fines have become profit centres: Rhode Island’s bureaucrats have been on a spending spree courtesy of a $500m payout by Google, while New York’s governor and attorney-general have squabbled over a $613m settlement from JPMorgan. And their power far exceeds that of trial lawyers. Not only are regulators in effect judge and jury as well as plaintiff in the cases they bring; they can also use the threat of the criminal law.

Perhaps the most destructive part of it all is the secrecy and opacity. The public never finds out the full facts of the case, nor discovers which specific people—with souls and bodies—were to blame. Since the cases never go to court, precedent is not established, so it is unclear what exactly is illegal. That enables future shakedowns, but hurts the rule of law and imposes enormous costs. Nor is it clear how the regulatory booty is being carved up. Andrew Cuomo, the governor of New York, who is up for re-election, reportedly intervened to increase the state coffers’ share of BNP’s settlement by $1 billion, threatening to wield his powers to withdraw the French bank’s licence to operate on Wall Street. Why a state government should get any share at all of a French firm’s fine for defying the federal government’s foreign policy is not clear.

think Ben Lawsky

http://www.economist.com/news/leaders/21614138-companies-must-be-punished-when-they-do-wrong-legal-system-has-become-extortion

[cypherdoc]

this is good.  we're starting to get a bid wall flash @ 507:

[smoothie]

wow.... just....wow 

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

[hdbuck]

wow.... just....wow 

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Ha thats old news already.
Apparently hashfast's facilities.

[tabnloz]

The drawbacks of America’s civil tort system are well known. What is new is the way that regulators and prosecutors are in effect conducting closed-door trials. For all the talk of public-spiritedness, the agencies that pocket the fines have become profit centres: Rhode Island’s bureaucrats have been on a spending spree courtesy of a $500m payout by Google, while New York’s governor and attorney-general have squabbled over a $613m settlement from JPMorgan. And their power far exceeds that of trial lawyers. Not only are regulators in effect judge and jury as well as plaintiff in the cases they bring; they can also use the threat of the criminal law.

Perhaps the most destructive part of it all is the secrecy and opacity. The public never finds out the full facts of the case, nor discovers which specific people—with souls and bodies—were to blame. Since the cases never go to court, precedent is not established, so it is unclear what exactly is illegal. That enables future shakedowns, but hurts the rule of law and imposes enormous costs. Nor is it clear how the regulatory booty is being carved up. Andrew Cuomo, the governor of New York, who is up for re-election, reportedly intervened to increase the state coffers’ share of BNP’s settlement by $1 billion, threatening to wield his powers to withdraw the French bank’s licence to operate on Wall Street. Why a state government should get any share at all of a French firm’s fine for defying the federal government’s foreign policy is not clear.

think Ben Lawsky

http://www.economist.com/news/leaders/21614138-companies-must-be-punished-when-they-do-wrong-legal-system-has-become-extortion

this phenomenon is due to the interpretation of the so called 'Holder memo' as written about at length in Matt Taibbi's 'The Divide'.

[smoothie]

wow.... just....wow 

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Ha thats old news already.
Apparently hashfast's facilities.

A day old is old I guess lol

[Melbustus]

"Why Bitcoin is Better Than Gold, with Wences Casares"
https://www.youtube.com/watch?v=gKkfhi8Eaiw


I think his talk from Bitcoin2014 (https://www.youtube.com/watch?v=NERAN-89j8M) is better, but the above is shorter and more recent (published today).

[rocks]

The drawbacks of America’s civil tort system are well known. What is new is the way that regulators and prosecutors are in effect conducting closed-door trials. For all the talk of public-spiritedness, the agencies that pocket the fines have become profit centres: Rhode Island’s bureaucrats have been on a spending spree courtesy of a $500m payout by Google, while New York’s governor and attorney-general have squabbled over a $613m settlement from JPMorgan. And their power far exceeds that of trial lawyers. Not only are regulators in effect judge and jury as well as plaintiff in the cases they bring; they can also use the threat of the criminal law.

Perhaps the most destructive part of it all is the secrecy and opacity. The public never finds out the full facts of the case, nor discovers which specific people—with souls and bodies—were to blame. Since the cases never go to court, precedent is not established, so it is unclear what exactly is illegal. That enables future shakedowns, but hurts the rule of law and imposes enormous costs. Nor is it clear how the regulatory booty is being carved up. Andrew Cuomo, the governor of New York, who is up for re-election, reportedly intervened to increase the state coffers’ share of BNP’s settlement by $1 billion, threatening to wield his powers to withdraw the French bank’s licence to operate on Wall Street. Why a state government should get any share at all of a French firm’s fine for defying the federal government’s foreign policy is not clear.

think Ben Lawsky

http://www.economist.com/news/leaders/21614138-companies-must-be-punished-when-they-do-wrong-legal-system-has-become-extortion

IMHO this demonstrates the absolute beauty of the Decentralized Autonomous Corporation (DAC) model. You can think of the bitcoin network as a company (or individual) who performs a specified task, which is maintaining the ownership structure of a public ledger.

A traditional company (or individual) can be sued by Ben Lawsky. But with a DAC there is nothing and no one to sue, imprison or bring to either a public court or a private tribunal. It operates outside of anyone's control, whether regulator, judge, legislator or tyrant.

The fact that the concept of a DAC was invented in bitcoin and many people are drawn to it, is a direct outcome of what this economist article describes and also is a very negative assessment of the world today.

[cypherdoc]

"Why Bitcoin is Better Than Gold, with Wences Casares"
https://www.youtube.com/watch?v=gKkfhi8Eaiw


I think his talk from Bitcoin2014 (https://www.youtube.com/watch?v=NERAN-89j8M) is better, but the above is shorter and more recent (published today).

thanks for that.  excellent.

[cypherdoc]

haha. someone just pulled down their 290 wall.  wimps.

[cypherdoc]

bid wall moving forward to 507.97

[cypherdoc]

oh yeah, baby.  2 of them!

[wachtwoord]

This is 2 whales arguing whose dick is bigger isn't it.

[zeetubes]

wow.... just....wow 

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Ha thats old news already.
Apparently hashfast's facilities.

A day old is old I guess lol

I wonder where it's located. In the third photo you can see a glimpse of the sky. More likely north west china where power is cheaper. This time of year, and most of the year, the sky in the east is never that clear.