2013-1-28 zerohedge.com—Is The ECB Responsible For The Second Coming Of BitCoin?

meowmeowbrowncow

sr. member

Activity: 322

Merit: 250

Quote from: kiba on January 28, 2013, 03:43:45 PM

Quote from: The Fool on January 28, 2013, 03:39:46 PM

The libertarian dream of perfectly functioning ‘free markets’ is a ridiculous fantasy. The only way to ensure peace and happiness is to delegate responsibility to democratically elected politicians with the skills, experience and education to manage complex social and economic issues.

And here lies the problem. Democratically elected and a technocracy are mutually exclusive proposition.

Either you get politicians that's smart at getting votes or is smart at solving problems, but you don't get both.

ding ding. a winner.

Just another reason not to vote and legitimize that kind of govt.

I have a hatred of loud, obnoxious voting proponents when the right candidate is almost invariably none of the above. (except Richard Pryor)

Spaceman_Spiff

legendary

Activity: 1638

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₪``Campaign Manager´´₪

Quote from: labestiol on January 28, 2013, 06:26:54 PM

Quote from: Spaceman_Spiff on January 28, 2013, 05:31:59 PM

Quote from: labestiol on January 28, 2013, 04:28:37 PM

Quote from: Tyler

Yet it was not gold gold, silver or even tungsten that was the object of derision in an amusing paper released by the ECB in early November titled "Virtual Currency Schemes", which we profiled at the time, but rather the decentralized electronic currency BitCoin, which was supposed to highlight what, in the eyes of the Draghi-led Frankfurt institutions, is nothing but a Ponzi scheme.

Another big fail for the Tylers Roll Eyes

Good news is comments seem to get better. And like iCEBREAKER said, MDB is one of the mastertrolls of ZH. His comment is actually a very good thing !

How is this a Tyler-fail? They aren't bashing bitcoin.

Because the ECB report doesn't say that bitcoin is a ponzi scheme.

True

labestiol

sr. member

Activity: 434

Merit: 251

Quote from: Spaceman_Spiff on January 28, 2013, 05:31:59 PM

Quote from: labestiol on January 28, 2013, 04:28:37 PM

Quote from: Tyler

Yet it was not gold gold, silver or even tungsten that was the object of derision in an amusing paper released by the ECB in early November titled "Virtual Currency Schemes", which we profiled at the time, but rather the decentralized electronic currency BitCoin, which was supposed to highlight what, in the eyes of the Draghi-led Frankfurt institutions, is nothing but a Ponzi scheme.

Another big fail for the Tylers Roll Eyes

Good news is comments seem to get better. And like iCEBREAKER said, MDB is one of the mastertrolls of ZH. His comment is actually a very good thing !

How is this a Tyler-fail? They aren't bashing bitcoin.

Because the ECB report doesn't say that bitcoin is a ponzi scheme.

conspirosphere.tk

legendary

Activity: 2352

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Bitcoin is antisemitic

Why is everything supposed to come just once? Huh

twolifeinexile

full member

Activity: 154

Merit: 100

Quote from: vokain on January 28, 2013, 03:19:36 PM

Quote from: http://www.zerohedge.com/news/2013-01-28/chart-day-ecb-responsible-second-coming-bitcoin

So one wonders: after soaring to an all time high of $30 before crashing concurrent with the epic May 1, 2011 takedown of silver, was none other than the European Central Bank responsible for the recent second coming of BitCoin which is now slowly but surely creeping back to its all time highs, and what happens to all alternative "virtual" currencies once BitCoin returns to all time highs: will the Fed, the ECB, and the BIS have their hands full with pushing gold lower to care too much about this electronic currency, or will their attention then be diverted away from the daily precious metals smackdown to focus on this threat that at least in Europe is so large, the ECB itself had to chime in?

zerohedge has a lot media exposure, (or rather, they are one important financial media),
But they are almost wrong all the time.

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: labestiol on January 28, 2013, 04:28:37 PM

Quote from: Tyler

Yet it was not gold gold, silver or even tungsten that was the object of derision in an amusing paper released by the ECB in early November titled "Virtual Currency Schemes", which we profiled at the time, but rather the decentralized electronic currency BitCoin, which was supposed to highlight what, in the eyes of the Draghi-led Frankfurt institutions, is nothing but a Ponzi scheme.

Another big fail for the Tylers Roll Eyes

Good news is comments seem to get better. And like iCEBREAKER said, MDB is one of the mastertrolls of ZH. His comment is actually a very good thing !

How is this a Tyler-fail? They aren't bashing bitcoin.

nimda

hero member

Activity: 784

Merit: 1000

0xFB0D8D1534241423

Quote

The only way to ensure peace and happiness is to delegate responsibility to democratically elected politicians with the skills, experience and education to manage complex social and economic issues.

Where does this guy live? I'm going to move there! Skilled politicians probably don't even have debt crises!

labestiol

sr. member

Activity: 434

Merit: 251

Quote from: Tyler

Yet it was not gold gold, silver or even tungsten that was the object of derision in an amusing paper released by the ECB in early November titled "Virtual Currency Schemes", which we profiled at the time, but rather the decentralized electronic currency BitCoin, which was supposed to highlight what, in the eyes of the Draghi-led Frankfurt institutions, is nothing but a Ponzi scheme.

Another big fail for the Tylers Roll Eyes

Good news is comments seem to get better. And like iCEBREAKER said, MDB is one of the mastertrolls of ZH. His comment is actually a very good thing !

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Zero-hedge, bitcoins ... of course there will be trolls. Not even a very convincing one to be honest.

Quote

The only way to ensure peace and happiness is to delegate responsibility to democratically elected politicians with the skills, experience and education to manage complex social and economic issues.

I mean even the most rabid statists don't speak like this ... it is dripping with heavy irony, or is it mocking cynicism?

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: justusranvier on January 28, 2013, 03:41:45 PM

Quote from: Akka on January 28, 2013, 03:34:56 PM

And the comments again:

Quote

WARNING: Bitcoin is a SCAM. Bitcoin is an idiotic experiment which proves that a non-centrally planned currency is simply unfeasible. Bitcoin is highly corruptible as it is 100% computerized, unregulated and unmanaged. What if somebody cracks the code to your wallet? What if the code breaks? Libertardians never consider intricate details like this because they are too simplistic. The libertarian dream of perfectly functioning ‘free markets’ is a ridiculous fantasy. The only way to ensure peace and happiness is to delegate responsibility to democratically elected politicians with the skills, experience and education to manage complex social and economic issues.

Poe's law

Poe's law FTW. What a perfect send-up of the anti-bitcoin asshamsters!

This meta-troll does a magnificent job parodying the idiotic ranting of the typical Slashdot/DailyKos gun-gold-and-libertarian-hating, Obama-voting buffoon. Cheesy

He constantly does this at ZeroHedge, except with gold and silver instead of Bitcoin. He never breaks character, despite laying it on a tad too thick today.

Nuff respect! Cool

kiba

legendary

Activity: 980

Merit: 1020

Quote from: The Fool on January 28, 2013, 03:39:46 PM

The libertarian dream of perfectly functioning ‘free markets’ is a ridiculous fantasy. The only way to ensure peace and happiness is to delegate responsibility to democratically elected politicians with the skills, experience and education to manage complex social and economic issues.

And here lies the problem. Democratically elected and a technocracy are mutually exclusive proposition.

Either you get politicians that's smart at getting votes or is smart at solving problems, but you don't get both.

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: Akka on January 28, 2013, 03:34:56 PM

And the comments again:

Quote

WARNING: Bitcoin is a SCAM. Bitcoin is an idiotic experiment which proves that a non-centrally planned currency is simply unfeasible. Bitcoin is highly corruptible as it is 100% computerized, unregulated and unmanaged. What if somebody cracks the code to your wallet? What if the code breaks? Libertardians never consider intricate details like this because they are too simplistic. The libertarian dream of perfectly functioning ‘free markets’ is a ridiculous fantasy. The only way to ensure peace and happiness is to delegate responsibility to democratically elected politicians with the skills, experience and education to manage complex social and economic issues.

Poe's law

The Fool

newbie

Activity: 56

Merit: 0

Quote from: Akka on January 28, 2013, 03:34:56 PM

And the comments again:

Quote

WARNING: Bitcoin is a SCAM. Bitcoin is an idiotic experiment which proves that a non-centrally planned currency is simply unfeasible. Bitcoin is highly corruptible as it is 100% computerized, unregulated and unmanaged. What if somebody cracks the code to your wallet? What if the code breaks? Libertardians never consider intricate details like this because they are too simplistic. The libertarian dream of perfectly functioning ‘free markets’ is a ridiculous fantasy. The only way to ensure peace and happiness is to delegate responsibility to democratically elected politicians with the skills, experience and education to manage complex social and economic issues.

Sadly those politicians are a rare species, red list rare.

This guy smells like a paid shill to me.

Akka

legendary

Activity: 1232

Merit: 1001

And the comments again:

Quote

WARNING: Bitcoin is a SCAM. Bitcoin is an idiotic experiment which proves that a non-centrally planned currency is simply unfeasible. Bitcoin is highly corruptible as it is 100% computerized, unregulated and unmanaged. What if somebody cracks the code to your wallet? What if the code breaks? Libertardians never consider intricate details like this because they are too simplistic. The libertarian dream of perfectly functioning ‘free markets’ is a ridiculous fantasy. The only way to ensure peace and happiness is to delegate responsibility to democratically elected politicians with the skills, experience and education to manage complex social and economic issues.

Sadly those politicians are a rare species, red list rare.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: http://www.zerohedge.com/news/2013-01-28/chart-day-ecb-responsible-second-coming-bitcoin

So one wonders: after soaring to an all time high of $30 before crashing concurrent with the epic May 1, 2011 takedown of silver, was none other than the European Central Bank responsible for the recent second coming of BitCoin which is now slowly but surely creeping back to its all time highs, and what happens to all alternative "virtual" currencies once BitCoin returns to all time highs: will the Fed, the ECB, and the BIS have their hands full with pushing gold lower to care too much about this electronic currency, or will their attention then be diverted away from the daily precious metals smackdown to focus on this threat that at least in Europe is so large, the ECB itself had to chime in?

Topic: 2013-1-28 zerohedge.com—Is The ECB Responsible For The Second Coming Of BitCoin? (Read 3289 times)