Topic: Chicken or Egg problem (Read 2623 times)

+1
for me no Problem at all,too

I think it was the egg, since genetic mutations occur from one generation to the other.
So, the being that posted the first genuine chicken egg wasn't yet a full chicken. That egg had a genetic mutation that made it the first chicken egg.
Of course, this is all theory, since it would very hard to identify what exactly differentiate a chicken from something very similar but still different.

The chicken was there first because eggs were only developed by the species in later stage.

Apply that to your post. 

Pots and kettles etc

I have explained time & time again that its coke & hookers....

I dont do coffee or legal drugs  

Head up my arse ... hmmm so is this consildation of uber low volume & no price action ....Its a bearish signal in your book ?

or do u have front and center first access to the smell of your own farts as i may sugest .......lolz

You don't though. You live with your head rammed firmly up your arse.

You are up the wall hyper. I can smell the caffeine and Prozac from here.

blah blah blah .....tin foil hats and area 51 ....alien invaders & the great jewish conspiriacy for sept 11

I live in the real world and @ this point crypto NEEDS to interact with fiat

Unitil we live in a utopian society where crypto is used for everything ... I will fill out my KYC forms so I can access mainstream instruments

or

Dont

Just hodl 

The three big western exchanges (Bitstamp, btc-e and bitfinex) are handling several millions daily (http://www.bitcoinity.org/markets/list?currency=ALL&span=24h) and unless there are problems with regulators they will handle hundreds of millions.

Running with hundred of millions is much harder than with a few millions. If they wanted to run, they would already done that. When you are sitting on a golden mine of fees, running would be the end of a dream and the start of a nightmare. They might run in the end, but because of hackings or regulatory problems.

It won't take long to open p2p exchanges, however unless they use some third party system, I don't see how they are going to handle fiat. They can exchange cryptocoins.

Wasn't Bitcoin meant to be all about decentralisation? Taking power away from the man? And here you are celebrating as The Man rounds Bitcoin up into it's cage?

What you seem to forget that taking away 'off radar' transactions, their is very little benefit to using Bitcoin. The only real use I have for Bitcoin is for on Online Black Market Exchanges....and speculating, but the speculating only works if the instrument is perceived to have some greater coming value or purpose that people are going to want to use.

Since Off Radar transactions will remain Bitcoin's only prominent advantage over the conventional banking system, if Bitcoin is to be nailed to the wall by Western regulatory authorities, then the 'off radar' transactions will be the remit of wealthy citizens in developing nations looking to by-pass thier country's fiscal restrictions and get their wealth out the country and into foreign assets. Which takes me back to my hypothesis that Bitcoin was developed by the NSA, and will ultimately prove to be a tool for undermining non USD hegemony compliant economies.

As discussed in Zhang Wei Wu's excellent recent article. The PBOC have identified Bitcoin as a foreign invader that threatens Chbinese sovereignty over their own money supply and have therefore decided that Bitcoin cannot live within the Chinese economic system. Russia dont like it either.

The difficulty is that Bitcoin proves that KYC is pointless. It is not the job of a financial system to prevent crime.

If Bitcoin is ever outlawed, your KYC answers may come back to haunt you when the government wants to try to confiscate your Bitcoin.

Before submitting your documentation, I would suggest doing KYC yourself: know your corporation. Pull their records. If you are sending thousands of dollars to them anyways, the fees for the documents are a small price to pay.

Answer the KYC or dont .....its your choice

the tin foil hat days of trading large sums of money and washing drug dealer money are gone

My buy & sell orders get filled nicely on stamp 

Sigh.

Ok people, stop the pissing contest. Enough.

All I'm trying to say here is that the current infrastructure is inadequate for btc to rocket to the moon. That's all. Even if btc goes to the moon, the crash is inevitable due to the lack of support. Would you trust an existing exchange, say bitstamp, to continue operation when incoming and outgoing orders are in million dollar range, day in and day out, each and every order?

Actually i meant to say that I have a corporate LLC trading account that I can move large sums of money with no problems....was it painful to get setup... yes ...did it take me about a day to get everything in order ....yes........ does it make me feel good that this process is in place ...."ABSOFUCKINGLUTELY"

You dont

Dont fight the machine ...there is absolutely no point in it ..all u are doing is trying to beat up a 5 ton piece of granite with your fists

It took me many years working for corporates for it to be beaten out of me ...its nothing personal they just need all the box's ticked and  "t's" crossed

Companies that run a tight ship in order to make sure no illegal activity is going on have a place in the bitcoin community, and it the end, these may be the only exchanges to survive once governments get more involved with bitcoin transactions/exchanges etc. If you want to exchange bitcoin "off the books" you'd have to use a more shady exchange or one that is located in a more tax/law-lean area and that is fine for you. But by having legit exchanges that brings in wall street, and bringing in wall street also brings in small time investors and of course the general public. I don't understand why you would hate bitstamp for being legit, you're always welcome to make your own exchange or find another one at this point.

High profile people with big "legal" money would probably rather use an exchange that is also "big and legal".

Just my 2 cents.

I have an account. Bitstamp have just seen to it that it is no longer possible for me to fund it.

...lolz you get used to it

I have an account ..you & other Nut jobs dont !

No it isn't and plenty people aren't accepting it and are therefore not wiring funds to Bitstamp which in turn is harming Bitcoin.

Get used to it.

Selling off-exchange does affect exchange rates, just as much as on-exchange selling does. It only takes more time for the price info to propagate.

Well, I opened several share trading accounts too recently. Did they ask any of that shit? Er, nope.

Proof of address and ID is enough for them. I'm not giving any more to a nascent company in a far off land.