Melbustus
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October 10, 2014, 03:18:39 PM |
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But how would Coinbase getting raided be bullish for btc? This would destroy all kinds of businesses acceping btc...
I doubt Coinbase would be shut down as they've gone overboard with their AML. it's just a rumor at this point anyways, probably from an altscam proponent. I don't think anyone said anything about Coinbase. Here's the original IRC transcript of this rumor: http://www.reddit.com/r/Bitcoin/comments/2iujgv/secfincen_preparing_action_against_us_bitcoin/Appears solely relevant to "Bitcoin 2.0" companies. The tldr quote: "[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward"
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Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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_mr_e
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October 10, 2014, 03:19:45 PM |
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Many months ago I penned a post here stating that "The Blockchain may only ever be applicable to Bitcoin as Money". If what is rumored here is true, then my confidence level that this is true has just gone up to 80%. Perhaps someone can dig it up for me. I'm at a conference right now and on my phone so I can't dig the post out but I said that because a lot of these founders, who have lots of shares, are known, they and their protocols are highly exposed to gvt action allowing them to be easily killed. Contrast that with Bitcoin where nobody knows who Satoshi is nor if he still owns his privkeys. There is a very good reason why he disappeared. If anything at all, this is Bullish for Bitcoin as it's truly the only safe haven whose founder remains anonymous and whose keys can't be confiscated. Actually Nxt's founder remains anonymous as well. But how would Coinbase getting raided be bullish for btc? This would destroy all kinds of businesses acceping btc... as far as NXT, the difference is that if its dev continues devving for NXT, he will be found as opposed to Satoshi who won't. he's at great risk plus, there's all the other problems with POS we've already debated and him holding potentially the vast majority of NXT coins. with alts, any wise investor at this stage of the game insists on knowing who the devs are to hold them accountable. the market has given a pass to Bitcoin in this regard since it was first and it's too late and are satisfied with its current dev team who actually doesn't appear to have a signif amt at risk with Bitcoin. The creator has dissappeared just like satoshi. The lead dev now Jean-Luc is not the creator and is of equal stature as Gavin.
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NewLiberty
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October 11, 2014, 12:09:24 AM |
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But how would Coinbase getting raided be bullish for btc? This would destroy all kinds of businesses acceping btc...
I doubt Coinbase would be shut down as they've gone overboard with their AML. it's just a rumor at this point anyways, probably from an altscam proponent. I don't think anyone said anything about Coinbase. Here's the original IRC transcript of this rumor: http://www.reddit.com/r/Bitcoin/comments/2iujgv/secfincen_preparing_action_against_us_bitcoin/Appears solely relevant to "Bitcoin 2.0" companies. The tldr quote: "[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward" BitsharesX seems vulnerable to this, if true.
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brg444
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 11, 2014, 12:13:29 AM |
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...
But how would Coinbase getting raided be bullish for btc? This would destroy all kinds of businesses acceping btc...
I doubt Coinbase would be shut down as they've gone overboard with their AML. it's just a rumor at this point anyways, probably from an altscam proponent. I don't think anyone said anything about Coinbase. Here's the original IRC transcript of this rumor: http://www.reddit.com/r/Bitcoin/comments/2iujgv/secfincen_preparing_action_against_us_bitcoin/Appears solely relevant to "Bitcoin 2.0" companies. The tldr quote: "[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward" BitsharesX seems vulnerable to this, if true. This is my thinking as well. All these US dollar pegged cryptos are at risk
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"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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BldSwtTrs
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October 11, 2014, 12:43:12 AM |
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...
But how would Coinbase getting raided be bullish for btc? This would destroy all kinds of businesses acceping btc...
I doubt Coinbase would be shut down as they've gone overboard with their AML. it's just a rumor at this point anyways, probably from an altscam proponent. I don't think anyone said anything about Coinbase. Here's the original IRC transcript of this rumor: http://www.reddit.com/r/Bitcoin/comments/2iujgv/secfincen_preparing_action_against_us_bitcoin/Appears solely relevant to "Bitcoin 2.0" companies. The tldr quote: "[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward" BitsharesX seems vulnerable to this, if true. Even though it's Invictus Innovation (based in Virginia) that has written the code, BitSharesX was purposefully (to avoid this kind of problems) released by a Hong Kong firm.
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justusranvier
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October 11, 2014, 12:44:02 AM |
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If FinCEN loses they say "hmm well now we know" and there is absolute no consequence. Even the cost of the trial was simply paid for by taxpayers (including Mike indirectly). If Mike loses they judicial system could take everything he owns, include his freedom for the next thirty years. Not really worth it.
Imagine we played a game of poker and if you win I have to say "I was wrong" in public, if I win you get executed. Now you are 80% sure you can beat me in poker, everyone says you have a very sold game. Would you play? How about if you were 99.9% sure?
Everybody thought I was exaggerating. "It's no problem - we'll talk to the regulators and do what it takes to become compliant like a good citizens and everything will be fine," they said. Future Bitcoin services need to be run as if they are illegal enterprises, like Silk Road, even if what they are doing is apparently legal. Why: - Laws change.
- Regulations are vague and open-ended, and it's probably impossible to operate a business without accidentally violating one.
- Even if you do manage to operate without violating any rule law enforcement agencies do not always limit themselves to the letter of the law when deciding to begin an enforcement action.
- Governments are not the only threats to a successful business. Non-governmental organized crime is almost equally capable of extortion.
The solution is to run all services in the darknet, not tied to any physical location or legal jurisdiction, and without any explicit connection to a real-life identity.
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STT
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Exchange 250+ Coins With 0% Fees
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October 11, 2014, 01:01:04 AM |
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Anybody want to predict the floor on Gold? And when?
I put in a outside range for gold which relates to the 1970's. Also a time of turmoil and change as dollar first departed from a set standard, price controls were put in and so on. Might not seem that extreme now but anyhow gold fell 50% during that time from its peak. It later resumed and gained new highs. Not my prediction, look up Marc Faber who was trading at that time and is now Someone has to prop up the markets ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) I cannot comprehend how confidence has still not been completely lost Its seen as point of strength, till tested we wont know. We have 24% of gdp resting with one person and their ideas of what money should be, I guess its still better then a dictatorship but we are a long way from texas now toto ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) (and capitalism)
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░░░░░░░░░░██▄ ▄▄▄▄▄▄▄▄▄▄▄███▄ ▀▀▀▀▀▀▀▀▀▀▀███▀ ░░░░░░░░░░██▀ ░░░▄▄ ▄██▀ ███████████████ ▀██▄ ░░░▀▀ | | | | +250 COINS | | ..Crypto Exchange.. | │ | ▄▄▄▄ ▄▄▄███▀▀███▄▄▄ ▄█████▀▀░▄▄▄▄░▀▀█████▄ ██▀░▄▄▄████████▄▄▄░▀██ ██░████████████████░██ ██░████████████████░██ ██░▀██████████████▀░██ ██░▀████████████▀░██ ▀██░▀██████████▀░██▀ ▀██▄░▀██████▀░▄██▀ ▀██▄▄░▀▀░▄▄██▀ ▀▀██▄▄██▀▀ ▀▀▀▀ | | | │ | |
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cypherdoc (OP)
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October 11, 2014, 03:09:21 AM |
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Cortex7
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October 11, 2014, 04:01:09 AM |
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Anybody want to predict the floor on Gold? And when?
$1192/Oz ... 3rd October 2014 ... ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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cypherdoc (OP)
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October 11, 2014, 04:35:04 AM |
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i asked before, does a Dow top correspond with a Bitcoin bottom?
i think so.
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Cortex7
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 11, 2014, 05:08:20 AM |
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i asked before, does a Dow top correspond with a Bitcoin bottom?
i think so.
hey cypherdoc, just eyeballing it... some inverse correlation has happened: dow(blue) + btc, both log scale: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.cortex7.net%2Fgfx%2Fbitcointalk%2Fposts%2Fdowbtc.jpg&t=665&c=EoU3uiXeIeFqqw) perhaps we will see some further moves like that again soon.
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dEBRUYNE
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October 11, 2014, 08:30:33 AM |
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...
But how would Coinbase getting raided be bullish for btc? This would destroy all kinds of businesses acceping btc...
I doubt Coinbase would be shut down as they've gone overboard with their AML. it's just a rumor at this point anyways, probably from an altscam proponent. I don't think anyone said anything about Coinbase. Here's the original IRC transcript of this rumor: http://www.reddit.com/r/Bitcoin/comments/2iujgv/secfincen_preparing_action_against_us_bitcoin/Appears solely relevant to "Bitcoin 2.0" companies. The tldr quote: "[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward" BitsharesX seems vulnerable to this, if true. Even though it's Invictus Innovation (based in Virginia) that has written the code, BitSharesX was purposefully (to avoid this kind of problems) released by a Hong Kong firm.That doesn't matter at all if they still have investors/users from the USA.
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BldSwtTrs
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October 11, 2014, 08:39:06 AM |
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...
But how would Coinbase getting raided be bullish for btc? This would destroy all kinds of businesses acceping btc...
I doubt Coinbase would be shut down as they've gone overboard with their AML. it's just a rumor at this point anyways, probably from an altscam proponent. I don't think anyone said anything about Coinbase. Here's the original IRC transcript of this rumor: http://www.reddit.com/r/Bitcoin/comments/2iujgv/secfincen_preparing_action_against_us_bitcoin/Appears solely relevant to "Bitcoin 2.0" companies. The tldr quote: "[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward" BitsharesX seems vulnerable to this, if true. Even though it's Invictus Innovation (based in Virginia) that has written the code, BitSharesX was purposefully (to avoid this kind of problems) released by a Hong Kong firm.That doesn't matter at all if they still have investors/users from the USA. To prevent that problem, Invictus didn't get money from investors, they only get money from donators. And there are probably people who use BitSharesX from USA indeed, but that's like every other coins including Bitcoin.
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Conqueror
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October 11, 2014, 12:52:05 PM |
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i asked before, does a Dow top correspond with a Bitcoin bottom?
i think so.
+1
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NotLambchop
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October 11, 2014, 01:33:27 PM |
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i asked before, does a Dow top correspond with a Bitcoin bottom?
i think so.
+1 No, but Robert Goddard, considered by some the father of rocketry, was born on that day. To the moon, gentlemen!
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FNG
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October 11, 2014, 01:33:51 PM |
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i asked before, does a Dow top correspond with a Bitcoin bottom?
i think so.
A lot of money will be looking for a place to park their money outside of stocks. The tiniest fraction of that moving towards btc can send us moon bound. Who doesn't love 24/7 markets as well..Wall street needs to learn there's no time for sleep
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Cortex7
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October 11, 2014, 02:20:41 PM |
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I think the -0.322 correlation is for bticoin versus crude_oil. That's the default on page load, I click DOW, it updates the raw data window but the chart and main value still relate to crude ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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Bagatell
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 11, 2014, 03:05:53 PM |
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I think the -0.322 correlation is for bticoin versus crude_oil. That's the default on page load, I click DOW, it updates the raw data window but the chart and main value still relate to crude ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) You're right. Seems to have picked up a glitch since I last used the site.
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