Flashcrash this month - page 3. | Bitcointalksearch.org

BitPirate

full member

Activity: 238

Merit: 100

RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Quote from: italeffect on June 14, 2013, 12:09:20 AM

http://www.reddit.com/r/Bitcoin/comments/1g9zgu/reuters_icmec_equate_digital_currency_with_child/

quite negative

The article itself concludes fairly enough...

Quote

In an increasingly interconnected global economy how do we embrace emerging Internet-based technology for legitimate use and prevent the use of these technologies to operate illegal enterprises, such as the trade and selling of children and child pornography under a veil of secrecy and anonymity? That is the challenge.

However there is no data on any of this presented. I think the human trafficking business is worst in developing countries and ostensibly unlikely to depend significantly on the Internet and other emerging technologies.

italeffect

sr. member

Activity: 255

Merit: 250

http://www.reddit.com/r/Bitcoin/comments/1g9zgu/reuters_icmec_equate_digital_currency_with_child/

quite negative

BitcoinAshley

sr. member

Activity: 448

Merit: 250

Regulation reduces supply. Regulation increases demand. Especially in the case of a product that is almost specifically designed to thwart regulatory oversight.

Bingo!

Of course it is a bit more complicated than supply and demand, but you get the picture.

AliceWonder

full member

Activity: 168

Merit: 100

Quote from: JimCGSavings on June 13, 2013, 11:12:39 AM

Quote from: cbeast on June 13, 2013, 11:07:50 AM

Regulation only affects acquiring bitcoins. The fundamentals do not change. Speculators have already taken this into account.

And this is why I'm a noob. I have no idea how that relates to my prediction. Shocked

I'm a n00b too but I think regulation will be good because it will reduce the scam exchanges and legitimatize bitcoin in the eyes of the American public and *hopefully* result in more exchanges popping up - legitimate exchanges that are safer than the guy behind the counter where you use to buy MTG cards before you had to grow up and get a job.

BitcoinAshley

sr. member

Activity: 448

Merit: 250

Quote from: JimCGSavings on June 13, 2013, 07:07:56 PM

Really? Looks like more than one. Oh well. let me play devil's advocate and put words in their mouths:
[...]
Ernie Allen, International Centre for Missing & Exploited Children: "Would you like to see Britannia Rule again, my friend? All you have to do is follow the worms."
(grin)

Jim, as much as I hate people with "insider information" making predictions - you have officially redeemed yourself in my eyes.

JimCGSavings

newbie

Activity: 56

Merit: 0

Quote from: cbeast on June 13, 2013, 06:42:41 PM

There is only one US official listed as a speaker. This looks like nothing more than a lobbyist soiree sponsored by big banks. The folks with power may be in attendance, but I doubt they will be paying attention to the speakers.

Really? Looks like more than one. Oh well. let me play devil's advocate and put words in their mouths:

David Mills, Federal Reserve Board of Governors: "BTC is a blackmarket payment system with no accountability"
-
Emery Kober, USA Department of Treasury: "FinCEN has tried to work with them to no avail. We're very concerned."
-
Iddo De Jong, European Central Bank: "We're carefully monitoring the effect this unregulated currency is having on our efforts to save the Euro. We're very concerned."
-
Jason Thomas, Thomson Reuters: It's really cool! All we need to do is let it replace fiat currency and bank fees and it'll rock! It's harmless! Wait...why am I being escorted to the door? It's harmless I tell you!
-
Ernie Allen, International Centre for Missing & Exploited Children: "Would you like to see Britannia Rule again, my friend? All you have to do is follow the worms."
(grin)

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

There is only one US official listed as a speaker. This looks like nothing more than a lobbyist soiree sponsored by big banks. The folks with power may be in attendance, but I doubt they will be paying attention to the speakers.

JimCGSavings

newbie

Activity: 56

Merit: 0

Quote from: N12 on June 13, 2013, 06:28:24 PM

Quote from: JimCGSavings on June 13, 2013, 06:23:35 PM

Total paranoia FUD mode: I think BTC annoys the PTB. They want it dead and buried. But how to do you Black Friday something like this without looking vindictive? Revealing SR to the public didn't do it. Associating it with evil money laundering barely made a dent. Trying to prove terrorist use it would be too complicated and would just make Joe Public's eyes glaze over and blame the PTB for that. But saving the children because BTC is the child sex slave trade's untraceable currency of choice? EVIL! THE HORROR! SAVE THE CHILDREN!

Three letter agencies will probably eventually come around to embed some actual child porn imagery in the blockchain, and then watch out.

Or maybe OpenCoin will do it so people switch to cripple.

I'm betting that one of their "smoking guns" will be that those evil bitcoin perverts put child porn links in their blockchain thingy.

Malawi

full member

Activity: 224

Merit: 100

One bitcoin to rule them all!

Quote from: JimCGSavings on June 13, 2013, 05:30:11 PM

Quote from: randrace on June 13, 2013, 02:17:04 PM

Logged.

Seriously? The Wall of Fame? I guess that means I'm famous! Oh shit! That means I'm famous! Time to head for the bunker and put on my tinfoil hat!

It's really a Wall of Fame/Wall of Shame

N12

donator

Activity: 1610

Merit: 1010

Quote from: JimCGSavings on June 13, 2013, 06:23:35 PM

Total paranoia FUD mode: I think BTC annoys the PTB. They want it dead and buried. But how to do you Black Friday something like this without looking vindictive? Revealing SR to the public didn't do it. Associating it with evil money laundering barely made a dent. Trying to prove terrorist use it would be too complicated and would just make Joe Public's eyes glaze over and blame the PTB for that. But saving the children because BTC is the child sex slave trade's untraceable currency of choice? EVIL! THE HORROR! SAVE THE CHILDREN!

Three letter agencies will probably eventually come around to embed some actual child porn imagery in the blockchain, and then watch out.

Or maybe OpenCoin will do it so people switch to cripple.

JimCGSavings

newbie

Activity: 56

Merit: 0

Total paranoia FUD mode: I think BTC annoys the PTB. They want it dead and buried. But how to do you Black Friday something like this without looking vindictive? Revealing SR to the public didn't do it. Associating it with evil money laundering barely made a dent. Trying to prove terrorist use it would be too complicated and would just make Joe Public's eyes glaze over and blame the PTB for that. But saving the children because BTC is the child sex slave trade's untraceable currency of choice? EVIL! THE HORROR! SAVE THE CHILDREN!

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: Crypt_Current on June 13, 2013, 05:59:37 PM

but there are people out there who spend most of their waking moments doing FUD-cancelling maneuvers, or trying anyway.

now that's pathetic

JimCGSavings

newbie

Activity: 56

Merit: 0

Quote from: mgio on June 13, 2013, 05:18:32 PM

Quote from: JimCGSavings on June 13, 2013, 05:09:28 PM

Quote from: ibminer on June 13, 2013, 11:46:10 AM

Any clues as to a time of this 'event' tomorrow? Grin

9:00 am - 12:00 pm tomorrow.

what time zone?

EDT

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: Crypt_Current on June 13, 2013, 05:59:37 PM

Quote from: JimCGSavings on June 13, 2013, 05:55:03 PM

Quote from: mgio on June 13, 2013, 04:58:34 PM

You could be right, bitcoin is already down to 102 now and it's not even June 14th yet.

I read the Wall Observer thread, but I barely understand any of it (just figured out what a "Wall" was today because google is yer friend). I had the nerve to post there until I realized just how high over my paygrade the people in that thread are. Now I just read. You guys are awesome.

Having said that, I don't think y'all have the background to anticipate the public's reaction to a story linking BTC "trafficking" to the whole missing children meme. "Can't we save the children from these monstrous, uncaring, profiteers?" is the hue and cry I'm expecting.

The public seems to have heard the negative children aspect already as far back as 2011. The MSM will try to hammer on that now, but there are people out there who spend most of their waking moments doing FUD-cancelling maneuvers, or trying anyway. Via FB, etc. A lot of my FB friends who I assumed still didn't understand / care about BTC, reacted very positively (just about an hour ago) to the recent news; this was unexpected and seems bullish to me.

In 2011 public heard more about TOR and SR than about bitcoin. Now it will be associated with BTC.

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: JimCGSavings on June 13, 2013, 05:55:03 PM

Quote from: mgio on June 13, 2013, 04:58:34 PM

You could be right, bitcoin is already down to 102 now and it's not even June 14th yet.

I read the Wall Observer thread, but I barely understand any of it (just figured out what a "Wall" was today because google is yer friend). I had the nerve to post there until I realized just how high over my paygrade the people in that thread are. Now I just read. You guys are awesome.

Having said that, I don't think y'all have the background to anticipate the public's reaction to a story linking BTC "trafficking" to the whole missing children meme. "Can't we save the children from these monstrous, uncaring, profiteers?" is the hue and cry I'm expecting.

The public seems to have heard the negative children aspect already as far back as 2011. The MSM will try to hammer on that now, but there are people out there who spend most of their waking moments doing FUD-cancelling maneuvers, or trying anyway. Via FB, etc. A lot of my FB friends who I assumed still didn't understand / care about BTC, reacted very positively (just about an hour ago) to the recent news; this was unexpected and seems bullish to me.

JimCGSavings

newbie

Activity: 56

Merit: 0

Quote from: Inedible on June 13, 2013, 05:28:30 PM

Quote from: JimCGSavings on June 13, 2013, 11:12:39 AM

Quote from: cbeast on June 13, 2013, 11:07:50 AM

Regulation only affects acquiring bitcoins. The fundamentals do not change. Speculators have already taken this into account.

And this is why I'm a noob. I have no idea how that relates to my prediction. Shocked

And yet you can confidently predict a flash-crash tomorrow?

Confidently, arrogantly, noobishly...I'm sure there are a lot of words that can be applied. "And yet it moves"

JimCGSavings

newbie

Activity: 56

Merit: 0

Quote from: mgio on June 13, 2013, 04:58:34 PM

You could be right, bitcoin is already down to 102 now and it's not even June 14th yet.

I read the Wall Observer thread, but I barely understand any of it (just figured out what a "Wall" was today because google is yer friend). I had the nerve to post there until I realized just how high over my paygrade the people in that thread are. Now I just read. You guys are awesome.

Having said that, I don't think y'all have the background to anticipate the public's reaction to a story linking BTC "trafficking" to the whole missing children meme. "Can't we save the children from these monstrous, uncaring, profiteers?" is the hue and cry I'm expecting.

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

OP probably bought a sizable chunk around $90 and is now selling the market down / inducing panic Roll Eyes

Well if so, good job! Cheesy

MAbtc

hero member

Activity: 826

Merit: 508

Willem's in the house yall, stop hating!

Hyena

legendary

Activity: 2114

Merit: 1015

I'd like to see the world banksters admitting that there is literally nothing that they can do to control bitcoin and this getting into mainstream media Cheesy

Topic: Flashcrash this month - page 3. (Read 8229 times)