bitcool
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Activity: 1441
Merit: 1000
Live and enjoy experiments
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April 02, 2012, 03:53:12 AM |
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Workers at Morgan Stanley and Goldman Sachs in London and New York have been visiting online Bitcoin exchanges as often as 30 times a day, according to documents seen by Reuters. How did they find out? monitoring employee's Internet traffic? Maybe they happened to see Zhongtong adviser's traffic log  I won't be surprised if some one says: workers at CIA visited bitcoin exchanges 30 times a day, or FBI, or IMF, or World Bank, or the Fed.... the number of employees and contractor working for these agencies is huge. |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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evoorhees
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Activity: 1008
Merit: 1021
Democracy is the original 51% attack
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April 02, 2012, 04:06:00 AM |
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Awesome article!!! I encourage everyone to leave comments, retweet, and post that shit on facebook. And I love that "Zhou Tonged" is now in the global vernacular. Makes me feel better that it's happened to me  |
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cunicula
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Activity: 1050
Merit: 1003
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April 02, 2012, 04:24:33 AM |
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I think you are still mistaken on what is the cause of going negative on bitcoinica. is not the leverage,
it's the illiquidity when your position is forcible closed. but that is a bitcoinica issue, not a leverage issue.
e.g. you can never ever go negative in a forex broker, even with a 400:1 leverage.
Wrong again. You can definitely go negative with a forex broker. It just doesn't happen often because the forex markets are extremely liquid. |
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Dutch Merganser
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Activity: 84
Merit: 10
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April 02, 2012, 06:03:31 AM |
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A decent read in that it does present divergent opinions on the viability of Bitcoin and mentions the possibility of alternatives appearing. It is refreshing to see such even-handed coverage.
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"Science flies you to the Moon, religion flies you into buildings."
- Victor Stenger
"Religion is regarded by the common people as true, by the wise as false, and the rulers as useful."
- Seneca the Elder (ca. 54 BCE - ca. 39 CE) Roman rhetorician
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Nicolai Larsen
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April 02, 2012, 09:47:11 AM |
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A really well-written article!
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BTC: 1GUH16sneWgKuE1ArXrnYKN3njuherJQi1
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kjlimo
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Activity: 2086
Merit: 1031
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April 02, 2012, 10:28:00 AM
Last edit: April 02, 2012, 10:48:41 AM by kjlimo |
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Users - an odd assortment of uber-geeks, anarchists, libertarians, scammers and forex traders - sent about $4.3 million worth to each other in the last 24 hours. What supports $4.3 million worth transferring in the last 24 hours? Is that a sum of transactions plus mtgox volume in several currencies plus maybe other exchanges? |
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kjlimo
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Activity: 2086
Merit: 1031
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April 02, 2012, 10:46:40 AM |
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Before disappearing as an online presence in January 2010, Nakamoto made clear his disapproval of quantitative easing measures and blamed banks for creating credit bubbles.
I thought Satoshi was last heard from in October, Nov, or Dec of 2010? Has it been over 2 years since he disappeared? |
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Technomage
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Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
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April 02, 2012, 10:48:56 AM |
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Really good article. We're starting to get positive coverage for a change. This latest article is big enough to possibly spark a new megatrend for Bitcoin but I guess we'll have to wait and see.
Good times ahead.
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Denarium closing sale discounts now up to 43%! Check out our products from here! |
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paraipan
In memoriam
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Activity: 924
Merit: 1004
Firstbits: 1pirata
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April 02, 2012, 10:54:59 AM |
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A really well-written article!
+1 great read indeed |
BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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gusti
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Activity: 1099
Merit: 1000
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April 02, 2012, 12:54:07 PM |
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I think you are still mistaken on what is the cause of going negative on bitcoinica. is not the leverage,
it's the illiquidity when your position is forcible closed. but that is a bitcoinica issue, not a leverage issue.
e.g. you can never ever go negative in a forex broker, even with a 400:1 leverage.
Wrong again. You can definitely go negative with a forex broker. It just doesn't happen often because the forex markets are extremely liquid. sure, that's why leverage has nothing to do with going negative if your position is closed properly, and with enough liquidity at hand. brokers will simply not allow that, margin call will happen first. |
If you don't own the private keys, you don't own the coins.
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Phinnaeus Gage (OP)
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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April 02, 2012, 01:04:48 PM |
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Before disappearing as an online presence in January 2010, Nakamoto made clear his disapproval of quantitative easing measures and blamed banks for creating credit bubbles.
I thought Satoshi was last heard from in October, Nov, or Dec of 2010? Has it been over 2 years since he disappeared? Yep! I think that should have been January 2011. https://bitcointalk.org/index.php?action=profile;u=3The Royal Canadian Mint, for example, is exploring how to issue digital currency in the future. Its chief financial officer Marc Brule said Bitcoin's biggest problem was that it is not backed by anything.
"The system we would bring in would be backed by a fund," he told Reuters.
I heard this argument before, but I don't get it. What does it mean if a currency is "backed by a fund"? A fund of what kind? A centralized fund, of course. ~Bruno~ |
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Vladimir
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April 02, 2012, 01:07:55 PM |
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Some simply cannot wrap their brain around of not having an "old white man" somewhere up high with a final say on anything and everything. Prisoners of the cave!
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cbeast
Donator
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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April 02, 2012, 01:09:26 PM |
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Some simply cannot wrap their brain around not having an "old white man" somewhere up high having a final say on anything and everything. Prisoners of the cave!
That is why the 99% movement will fail too. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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guruvan
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April 02, 2012, 01:11:39 PM |
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I think you are still mistaken on what is the cause of going negative on bitcoinica. is not the leverage,
it's the illiquidity when your position is forcible closed. but that is a bitcoinica issue, not a leverage issue.
e.g. you can never ever go negative in a forex broker, even with a 400:1 leverage.
Wrong again. You can definitely go negative with a forex broker. It just doesn't happen often because the forex markets are extremely liquid. sure, that's why leverage has nothing to do with going negative if your position is closed properly, and with enough liquidity at hand. brokers will simply not allow that, margin call will happen first. well...in an extremely illiquid environment, you could wind up with a negative balance if the price slips between the margin call and the forced liquidation time, as many who've been zhoutonged, and skipped on the debt have found out. (but this is not the design, most of the time you'll be left with a pittance...cab fare home)  I'd be really curious to see the bitcoinica volume numbers, and how much those are affected by this article. |
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Yankee (BitInstant)
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Activity: 1078
Merit: 1000
Charlie 'Van Bitcoin' Shrem
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April 02, 2012, 01:36:49 PM |
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"Him and 3 other traders are looking to invest $300,000 in Bitcoin"
WHO are you?
WHY havent you contacted me?
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Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer. More about me: http://CharlieShrem.com |
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cypherdoc
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Activity: 1764
Merit: 1002
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April 02, 2012, 01:53:43 PM |
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Zhoutonged! who coined that?
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Phinnaeus Gage (OP)
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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April 02, 2012, 01:54:09 PM |
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"Him and 3 other traders are looking to invest $300,000 in Bitcoin"
WHO are you?
WHY havent you contacted me?
Perhaps the investors were looking for the perfect investment. LadyBytesNow in size=42pt. (the answer to everything) |
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rjk
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Activity: 448
Merit: 250
1ngldh
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April 02, 2012, 01:54:16 PM |
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"Him and 3 other traders are looking to invest $300,000 in Bitcoin"
WHO are you?
WHY havent you contacted me?
I wondered the same, to be honest. If anyone can get your investment back in spectacular fashion, it seems to me that Charlie is your man. |
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cypherdoc
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April 02, 2012, 01:59:18 PM |
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Love the title of this thread, "Our girl"  Go girl, go girl! |
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Phinnaeus Gage (OP)
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Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
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April 02, 2012, 02:01:11 PM |
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