In the interests of fairness / Kaminska strikes again

[sgbett]

This was, in other words, the equivalent of the Federal Reserve guaranteeing Bitcoin.

http://pastebin.com/DQ5ApRyW

[EuroTrash]

The article makes g ood points, methinks. But the reference to bitcoin in that last sentence feels almost forced if not 100% out of the blue.

[Ibian]

I dunno. When I first started learning about fiat, debt, how we are heading towards an inevitable economic collapse, the inability of a socialist economy to be sustainable etc, I wondered why. Smarter people than me with way more information and experience were working with these things. Why did they keep going about with business as usual when they had to know what will eventually happen? The only rational reason I can come up with is that it is intentional. They know the economy is going to collapse and are engineering some kind of endgame for it. Maybe bitcoin is part of that, maybe not. Maybe they want enough chaos to provoke WWIII. Whatever the case, I don't believe they are ignorant of what they are doing.

[log2exp]

Interesting read, whales still increasing their positions in accordance 

[derpinheimer]

Interesting read, whales still increasing their positions in accordance 

I dont see this as a good thing, no matter what way you look at it.

[lyth0s]

I fail to see how this ties into bitcoin at all.

[sgbett]

Read ibian's post again, he spells it out.

Bitcoin isn't an accident, that will change the world. It's wholly intentional, and by design keeps it exactly the same.

The only thing you can change is your place in the jigsaw.

Imagine these scenarios:

A: big money is oblivious, crypto nerds are going to steal all their monehs from under their noses.
B: big money is behind it, and keep all the moneh's, a few crypto nerds get lucky and buy lambo's
C: the whole system carries on as normal and does not collapse
4: rapture

Which is most likely? Suggest others? US givt has given the green light China wobbled but probably sees what is going on, Europe is falling in line.

The man in the street remains entirely ignorant to debt slavery as ever.  Is totally sceptical of anything that isn't green paper, so engrained is the value they assign to the "promise to pay". BTC Bear market shakes out the majority of crypto nerds that misunderstand risk.

All the while, the dollar inflates the banks become bigger than tbtf, new bitcoin keeps getting bought at a rate of over $1m a day, nearly 3/4 of all coin that will ever exist has already been pocketed (by crypto nerds? Or by big money?) Bitcoin ecosystem continues to grow.