Gold collapsing. Bitcoin UP. - page 409.

cypherdoc

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Activity: 1764

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Quote from: Grafzep on April 22, 2015, 05:16:49 PM

Quote from: cypherdoc on April 22, 2015, 04:53:32 PM

Quote from: Trolfi on April 22, 2015, 03:59:05 PM

Quote from: Grafzep on April 22, 2015, 02:42:36 PM

Quote from: cypherdoc on April 22, 2015, 01:31:43 PM

lol, are u kidding me?

http://www.washingtonpost.com/business/economy/uk-trader-charged-with-role-in-flash-crash-stock-plunge/2015/04/21/cb829800-e84f-11e4-9767-6276fc9b0ada_story.html

Apparently he was putting up fake sell "walls" to drive the price down!

Who even knew that was illegal, let alone 20 years worth.

I put something up for sale, then flake out at the last second ... how is that illegal?

Its ludicrous. Anyone who's stared at a level 2 trading screen sees HFT 100 lot orders constantly flashing in and out within milliseconds continuously baiting you .

And that the state thinks it should take a view on trading tactics between grown adults in the totemic heart of the free world.

I think it's indicative of their weakness. Would they have spent 5 years hunting someone who caused a spike up?

That reminded me of 2008 when Wall Street got all pissed off at the shorts and actually succeeded in banning all shorts on financial institutions. What a crooked game they run:

http://www.zerohedge.com/news/here-what-happened-when-sec-banned-shorting-financial-companies-2008

https://www.sec.gov/news/press/2008/2008-211.htm

ErisDiscordia

legendary

Activity: 1133

Merit: 1163

Imposition of ORder = Escalation of Chaos

Quote from: brg444 on April 22, 2015, 11:54:59 AM

Quote from: cypherdoc on April 22, 2015, 11:35:15 AM

wow, i don't think i've ever seen such ignorance so well articulated:

http://www.americanbanker.com/video/can-bitcoins-technology-be-severed-from-the-currency-1073927-1.html

thank god the internet is here so these idiots' opinions can be recorded for posterity

so...let's take the blockchain, brush off all the lunatic anarchists, centralize it and let JP Morgan run it...oh wait isn't that what we have today and it's working out just great for everyone? why call it a blockchain then, want to use a buzzword to look cool in front of the young kids, geezer?

Ah Bitcoin, thank you for being so interesting that in order to fully understand you, one has to educate oneself ceaselessly until ones bullshit-radar makes your explode with laughter when you hear a guy like this talking Grin

Grafzep

member

Activity: 91

Merit: 10

Quote from: cypherdoc on April 22, 2015, 04:53:32 PM

Quote from: Trolfi on April 22, 2015, 03:59:05 PM

Quote from: Grafzep on April 22, 2015, 02:42:36 PM

Quote from: cypherdoc on April 22, 2015, 01:31:43 PM

lol, are u kidding me?

http://www.washingtonpost.com/business/economy/uk-trader-charged-with-role-in-flash-crash-stock-plunge/2015/04/21/cb829800-e84f-11e4-9767-6276fc9b0ada_story.html

Apparently he was putting up fake sell "walls" to drive the price down!

Who even knew that was illegal, let alone 20 years worth.

I put something up for sale, then flake out at the last second ... how is that illegal?

Its ludicrous. Anyone who's stared at a level 2 trading screen sees HFT 100 lot orders constantly flashing in and out within milliseconds continuously baiting you .

And that the state thinks it should take a view on trading tactics between grown adults in the totemic heart of the free world.

I think it's indicative of their weakness. Would they have spent 5 years hunting someone who caused a spike up?

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: Trolfi on April 22, 2015, 03:56:28 PM

Quote from: marcus_of_augustus on April 22, 2015, 02:46:14 PM

Quote from: rocks on April 22, 2015, 01:45:59 PM

Quote from: marcus_of_augustus on April 22, 2015, 06:05:20 AM

... it reads like he went to the SR and it blew his mind.

I'm liking all this angst again coming out of the mainstream exactly "wtf? is bitcoin", is it this? is it that? ... they realise it is not going to die or be coopted and so they must grapple with getting a strategy together to conceptualise/deal with it. The "blockchain not bitcoin" soundbite myth dissolved on them.

Marcus, OT question. What is the algorithm you have as your sig picture?

It is an equation, not an algorithm. It is the piece of a puzzle to a very old, hard problem, PM me if you want to know anymore.

I thought Stolfi had some insights. Too bad you couldn't steer his obsession to solving that.

Yes, he did. And I know, but it is likely one of these things where curious minds like to start at the beginning to be fully invested instead of coming along after someone else has done all the heavy lifting, like bitcoin. Then it's easier to just throw rocks and hope for some reflected glory.

cypherdoc

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Activity: 1764

Merit: 1002

Quote from: Trolfi on April 22, 2015, 03:59:05 PM

Quote from: Grafzep on April 22, 2015, 02:42:36 PM

Quote from: cypherdoc on April 22, 2015, 01:31:43 PM

lol, are u kidding me?

http://www.washingtonpost.com/business/economy/uk-trader-charged-with-role-in-flash-crash-stock-plunge/2015/04/21/cb829800-e84f-11e4-9767-6276fc9b0ada_story.html

Apparently he was putting up fake sell "walls" to drive the price down!

Who even knew that was illegal, let alone 20 years worth.

I put something up for sale, then flake out at the last second ... how is that illegal?

Its ludicrous. Anyone who's stared at a level 2 trading screen sees HFT 100 lot orders constantly flashing in and out within milliseconds continuously baiting you .

Trolfi

member

Activity: 72

Merit: 10

Quote from: Grafzep on April 22, 2015, 02:42:36 PM

Quote from: cypherdoc on April 22, 2015, 01:31:43 PM

lol, are u kidding me?

http://www.washingtonpost.com/business/economy/uk-trader-charged-with-role-in-flash-crash-stock-plunge/2015/04/21/cb829800-e84f-11e4-9767-6276fc9b0ada_story.html

Apparently he was putting up fake sell "walls" to drive the price down!

Who even knew that was illegal, let alone 20 years worth.

I put something up for sale, then flake out at the last second ... how is that illegal?

Trolfi

member

Activity: 72

Merit: 10

Quote from: marcus_of_augustus on April 22, 2015, 02:46:14 PM

Quote from: rocks on April 22, 2015, 01:45:59 PM

Quote from: marcus_of_augustus on April 22, 2015, 06:05:20 AM

... it reads like he went to the SR and it blew his mind.

I'm liking all this angst again coming out of the mainstream exactly "wtf? is bitcoin", is it this? is it that? ... they realise it is not going to die or be coopted and so they must grapple with getting a strategy together to conceptualise/deal with it. The "blockchain not bitcoin" soundbite myth dissolved on them.

Marcus, OT question. What is the algorithm you have as your sig picture?

It is an equation, not an algorithm. It is the piece of a puzzle to a very old, hard problem, PM me if you want to know anymore.

I thought Stolfi had some insights. Too bad you couldn't steer his obsession to solving that.

thezerg

legendary

Activity: 1246

Merit: 1010

Quote from: cypherdoc on April 22, 2015, 01:31:43 PM

lol, are u kidding me?

http://www.washingtonpost.com/business/economy/uk-trader-charged-with-role-in-flash-crash-stock-plunge/2015/04/21/cb829800-e84f-11e4-9767-6276fc9b0ada_story.html

Rather then actually fix the problem (say by requiring a 5 minute minimum time for placed orders) they simply make money on the traders and then when the market goes down find a scapegoat to arrest for doing what their system explicitly allowed.

Bassica

sr. member

Activity: 283

Merit: 250

Now who's ready for a good ol' correction on the s&p favo o?!

<-- this guy!

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: rocks on April 22, 2015, 01:45:59 PM

Quote from: marcus_of_augustus on April 22, 2015, 06:05:20 AM

... it reads like he went to the SR and it blew his mind.

I'm liking all this angst again coming out of the mainstream exactly "wtf? is bitcoin", is it this? is it that? ... they realise it is not going to die or be coopted and so they must grapple with getting a strategy together to conceptualise/deal with it. The "blockchain not bitcoin" soundbite myth dissolved on them.

Marcus, OT question. What is the algorithm you have as your sig picture?

It is an equation, not an algorithm. It is the piece of a puzzle to a very old, hard problem, PM me if you want to know anymore.

Grafzep

member

Activity: 91

Merit: 10

Quote from: cypherdoc on April 22, 2015, 01:31:43 PM

lol, are u kidding me?

http://www.washingtonpost.com/business/economy/uk-trader-charged-with-role-in-flash-crash-stock-plunge/2015/04/21/cb829800-e84f-11e4-9767-6276fc9b0ada_story.html

Apparently he was putting up fake sell "walls" to drive the price down!

Who even knew that was illegal, let alone 20 years worth. Maybe thats where that forum PM subpoena is heading...

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: stereotype on April 22, 2015, 01:32:20 PM

http://www.finextra.com/finextra-downloads/newsdocs/esma_call_for_evidence.pdf

time to get in

rocks

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Activity: 1153

Merit: 1000

Quote from: marcus_of_augustus on April 22, 2015, 06:05:20 AM

... it reads like he went to the SR and it blew his mind.

I'm liking all this angst again coming out of the mainstream exactly "wtf? is bitcoin", is it this? is it that? ... they realise it is not going to die or be coopted and so they must grapple with getting a strategy together to conceptualise/deal with it. The "blockchain not bitcoin" soundbite myth dissolved on them.

Marcus, OT question. What is the algorithm you have as your sig picture?

rocks

legendary

Activity: 1153

Merit: 1000

Quote from: cypherdoc on April 22, 2015, 01:31:43 PM

lol, are u kidding me?

http://www.washingtonpost.com/business/economy/uk-trader-charged-with-role-in-flash-crash-stock-plunge/2015/04/21/cb829800-e84f-11e4-9767-6276fc9b0ada_story.html

It's called a Patsy.

One low level person caused the 2010 market flash crash.

But all big wigs who caused the 2008 depression got off free and clear. Hell, half of them were given metals.

stereotype

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Activity: 1554

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http://www.finextra.com/finextra-downloads/newsdocs/esma_call_for_evidence.pdf

cypherdoc

legendary

Activity: 1764

Merit: 1002

lol, are u kidding me?

http://www.washingtonpost.com/business/economy/uk-trader-charged-with-role-in-flash-crash-stock-plunge/2015/04/21/cb829800-e84f-11e4-9767-6276fc9b0ada_story.html

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: hdbuck on April 22, 2015, 12:44:04 PM

Quote from: brg444 on April 22, 2015, 12:29:47 PM

Quote from: cypherdoc on April 22, 2015, 12:26:16 PM

this is good. Gavin, Wladimir, and Cory will continue to be paid by a reasonably neutral source:

http://gavintech.blogspot.nl/2015/04/joining-mit-media-lab-digital-currency.html

Aaron Swartz would like a word with you.

regarding A. Swartz, i heard the MIT was hiding peadophile stuff (explaining the physical break in the servers closet). dat ~~true~~ possible?

Quote from: cypherdoc on April 22, 2015, 12:31:22 PM

Quote from: cypherdoc on April 22, 2015, 12:26:16 PM

this is good. Gavin, Wladimir, and Cory will continue to be paid by a reasonably neutral source:

http://gavintech.blogspot.nl/2015/04/joining-mit-media-lab-digital-currency.html

it's gonna be exceptionally hard now for the USG to accuse the MIT Media Lab of being a terrorist organization:

https://en.wikipedia.org/wiki/MIT_Media_Lab#Funding_model

Why would the USG do so anyway? Isnt the MIT the NSA's purgatory?

it's about smearing anything Bitcoin related

cypherdoc

legendary

Activity: 1764

Merit: 1002

https://www.reddit.com/r/Bitcoin/comments/33h8ii/the_isle_of_man_bitcoin_island_bbc_radio_show/

hdbuck

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Activity: 1260

Merit: 1002

Quote from: brg444 on April 22, 2015, 12:29:47 PM

Quote from: cypherdoc on April 22, 2015, 12:26:16 PM

this is good. Gavin, Wladimir, and Cory will continue to be paid by a reasonably neutral source:

http://gavintech.blogspot.nl/2015/04/joining-mit-media-lab-digital-currency.html

Aaron Swartz would like a word with you.

regarding A. Swartz, i heard the MIT was hiding peadophile stuff (explaining the physical break in the servers closet). dat ~~true~~ possible?

Quote from: cypherdoc on April 22, 2015, 12:31:22 PM

Quote from: cypherdoc on April 22, 2015, 12:26:16 PM

this is good. Gavin, Wladimir, and Cory will continue to be paid by a reasonably neutral source:

http://gavintech.blogspot.nl/2015/04/joining-mit-media-lab-digital-currency.html

it's gonna be exceptionally hard now for the USG to accuse the MIT Media Lab of being a terrorist organization:

https://en.wikipedia.org/wiki/MIT_Media_Lab#Funding_model

Why would the USG do so anyway? Isnt the MIT the NSA's purgatory?

cypherdoc

legendary

Activity: 1764

Merit: 1002

poor NY. little 'ol NC just won't cooperate:

The Coinbase Blog
In This Issue:

Sensible State Regulation: North Carolina

Sensible State Regulation: North Carolina
Apr 16, 2015 11:41 am

As a nascent technology, regulation surrounding bitcoin has been a difficult issue for some regulators and policymakers. Despite these difficulties, North Carolina is a state that is promoting innovation and regulatory efficiency into its regulatory framework via the next generation of its Money Transmitters Act (“MTA”), introduced to the NC legislature last month. Reasonable states can disagree on whether regulation of certain virtual currency businesses is necessary in the first place, and if it is necessary, how to implement that regulation and with respect to whom. But to the extent states view money transmission regulation (or similar substitutes) as the right avenue for regulation, here’s why NC's approach is a good one:

NC’s MTA does not duplicate regulatory regimes. NC includes sensible modifications to its existing money transmission framework to allow virtual currency businesses to operate with certainty rather than create a separate licensing regime for virtual currency businesses. This allows young bitcoin companies to obtain one license rather than two, a process which would be largely duplicative. When spread across the US, this could mean the difference between needing 50 versus 100 licenses to operate throughout the country.

In addition, NC’s MTA does not reinvent the wheel with regard to AML reporting. Instead, it relies on the federal framework FinCEN set forth for the entire bitcoin industry federally in 2013 by making it a “prohibited practice” for a licensee to fail to comply with the federal BSA, including maintenance of active registration with FinCEN. Both state and federal regulators have an interest in preventing financial crime, but duplicative or inconsistent Anti-Money Laundering (AML) rules will cause unnecessary inefficiencies or redundancies for both regulators and businesses.

NC’s MTA provides a sensible and flexible framework for consumer protection. Storing or transferring cash on behalf of others is a significant responsibility. Coinbase believes protecting its customer’s money is critical to the success and future of its business, and we understand and support policymakers’ interest in encouraging and reinforcing strong consumer protection standards.The MTA includes provisions which demonstrate NC’s careful weighing of the balance between the needs for both consumer protection and room for innovation. For example, the legislation allows flexibility for providing exemptions to small startups or unique business models. In addition, the MTA gives the NC Bank Commissioner discretion to require a licensee to obtain insurance coverage to address cybersecurity risks inherent in certain business models. Because industry best practices are still in development, Coinbase applauds this flexible approach to cybersecurity.

NC’s MTA allows for permissible investments to be denominated in virtual currency. In adding and clarifying definitions, the MTA provides that virtual currency businesses may hold virtual currency as a permissible investment to back outstanding transmission obligations in like-kind virtual currency. This approach makes sense, because if a company receives bitcoin for a customer or is instructed to transmit bitcoin to another payee, then the backing for that obligation ought to likewise be denominated in bitcoin.

Over the past several months, Coinbase has had the opportunity and privilege to discuss virtual currency with policymakers throughout the U.S. and abroad. In each discussion, Coinbase has focused on the following three principles to guide policymakers on virtual currency regulation: (1) avoid duplicative regulatory regimes, (2) protect consumers’ interests, and (3) prevent money laundering. These principles underlie our published formal responses to the proposed New York BitLicense regulatory framework (here and here), as well as our comments to the Conference of State Bank Supervisors (CSBS), who are crafting a model state regulatory framework for virtual currency businesses.

We want to thank the NC Bank Commissioner’s office for engaging with industry while modernizing its MTA and working to make NC a welcoming place for tech innovation. Please join us in thanking both Representative Ross and Senator Gunn, who sponsored the legislation in the NC House and Senate, respectively, and in urging the NC Legislature to move quickly in passing the legislation.

Topic: Gold collapsing. Bitcoin UP. - page 409. (Read 2032286 times)