from the Boston Fed:
The Bitcoin network as originally designed, and especially its associated digital currency, will probably not survive in the long run. Some serious design flaws of the current Bitcoin system have been identified, and some of them may eventually prove fatal.
First, realistic growth projections of the scale of the blockchain indicate that it will likely become infeasible for individual users to store the data on their personal computers, and this may happen as soon as within a year or two. Currently, it already requires nearly 10 gigabytes of hard drive space to store the entire blockchain.
Second, the resource cost of mining is becoming increasingly unaffordable, not to mention the inefficiency associated with this aspect of the system design. Again, it is possible that within a few years it will become infeasible to rely on this distributed model, however consolidated, to verify transactions.
clearly, i don't agree with this. their concerns have been addressed many times here in the forums. plus, i think the Fed seriously underestimates the drive of the ppl to regain control of their money (wealth and capital).
in fact i'll go as far as to repeat what i've said before: The blockchain may only ever be applicable to Bitcoin as Money-cypherdoc
this is why we're all here in the first place.
http://www.bostonfed.org/economic/current-policy-perspectives/2014/cpp1404.pdf
Topic: Gold collapsing. Bitcoin UP. - page 958. (Read 2032274 times)
Wednesday we should get some fireworks from the FOMC meeting followed by Thursday fireworks from Scotland:
http://www.calculatedriskblog.com/2014/09/fomc-preview-more-tapering.html
http://www.zerohedge.com/news/2014-09-14/china-bad-news-scotland-no-news-send-futures-lower
http://www.calculatedriskblog.com/2014/09/fomc-preview-more-tapering.html
http://www.zerohedge.com/news/2014-09-14/china-bad-news-scotland-no-news-send-futures-lower
Scottish Independence Referendum Outcome Betting Odds: 1:4
http://www.oddschecker.com/politics/british-politics/scottish-independence/referendum-outcome
Wow a short while ago it was considered a coin flip (slightly in favor of yes). I'm rooting for the Scots to pull through.
I am very amused with those Scottish trolling the system hard, I do think the "yes" (to independence) will be massively voted upon, but i nonetheless am sort of confused regarding a last minute fraud, ultimately preventing their independence.
I feel the process of voting is not as democratic as i seems, dices can be rigged, in fact, they probably have been in the past. Voting is just an illusion to keep the people under control. If the "No" wins with some magical 51/49% or 52/48% i will certainly doubt the legitimacy of it and call it freaking BS. In the end, if they cheat in Scotland, dont bother voting for anything else
edit: Banks and financials services "threatening" to relocate in London if they secede... http://www.zerohedge.com/news/2014-09-12/panic-streets-london-can-scotland-ever-be-same-again
That just says it all imho. ^^
Wednesday we should get some fireworks from the FOMC meeting followed by Thursday fireworks from Scotland:
http://www.calculatedriskblog.com/2014/09/fomc-preview-more-tapering.html
http://www.zerohedge.com/news/2014-09-14/china-bad-news-scotland-no-news-send-futures-lower
http://www.calculatedriskblog.com/2014/09/fomc-preview-more-tapering.html
http://www.zerohedge.com/news/2014-09-14/china-bad-news-scotland-no-news-send-futures-lower
Scottish Independence Referendum Outcome Betting Odds: 1:4
http://www.oddschecker.com/politics/british-politics/scottish-independence/referendum-outcome
Wow a short while ago it was considered a coin flip (slightly in favor of yes). I'm rooting for the Scots to pull through.
i always felt this was going to happen but didn't expect verification so fast:
News that each individual unit would cost around $500 to purchase, not to mention install and maintain, quickly disenfranchised many retailers that could not afford the high buy in price for the new technology.
http://www.dumb-out.net/apple-pay-takes-major-hit-wal-mart-best-buy-will-use-system/6515
News that each individual unit would cost around $500 to purchase, not to mention install and maintain, quickly disenfranchised many retailers that could not afford the high buy in price for the new technology.
http://www.dumb-out.net/apple-pay-takes-major-hit-wal-mart-best-buy-will-use-system/6515
The old style keynesian theory of using central banks to smooth out the market fluctuations, with accumulating reserves in upturns to ease the downturns, is intrinsically the same problems as the daytraders (and the more time-stretched traders) face. Basically, you have to know something about the future to trade successfully. This is just one proof that keynesianism don't work. (And if you remove the accumulation in upturns, can it possibly succeed? It is like a daytrader only buying, never selling...)
Wednesday we should get some fireworks from the FOMC meeting followed by Thursday fireworks from Scotland:
http://www.calculatedriskblog.com/2014/09/fomc-preview-more-tapering.html
http://www.zerohedge.com/news/2014-09-14/china-bad-news-scotland-no-news-send-futures-lower
http://www.calculatedriskblog.com/2014/09/fomc-preview-more-tapering.html
http://www.zerohedge.com/news/2014-09-14/china-bad-news-scotland-no-news-send-futures-lower
Scottish Independence Referendum Outcome Betting Odds: 1:4
http://www.oddschecker.com/politics/british-politics/scottish-independence/referendum-outcome
I hope this joke can be retold about the banks in the near future.
"The US Postal service lost $2 billion last quarter. Postal officials are busy emailing each other wondering how this could happen."
"The US Postal service lost $2 billion last quarter. Postal officials are busy emailing each other wondering how this could happen."
Snowden on New Zealand lying:
https://firstlook.org/theintercept/2014/09/15/snowden-new-zealand-surveillance/
https://firstlook.org/theintercept/2014/09/15/snowden-new-zealand-surveillance/
Wednesday we should get some fireworks from the FOMC meeting followed by Thursday fireworks from Scotland:
http://www.calculatedriskblog.com/2014/09/fomc-preview-more-tapering.html
http://www.zerohedge.com/news/2014-09-14/china-bad-news-scotland-no-news-send-futures-lower
http://www.calculatedriskblog.com/2014/09/fomc-preview-more-tapering.html
http://www.zerohedge.com/news/2014-09-14/china-bad-news-scotland-no-news-send-futures-lower
i see this crap all the time, especially with after hours earnings reports which gap up or down up to 20%. it's unfair for most investors.
As an investor in stocks, you can't afford not to sell some option premium against what you hold, especially around earnings reports. I had stocks go 30% against me after earnings and I would've never been able to recover those positions if it wasn't for half a year of selling calls against them.
nice gap down. i'm sure they'll have this corrected by morning:
actually, most Bitcoiners are spoiled by 24/7 markets.
just look at how unfair this Dow futures market is for the average investor. the Dow runs up fast at the end of the normal trading day on Friday going into 4PM EST. now, Sunday evening, they gap the futures market down -60 as of now. it could get much worse by tomorrow morning but all the while, average investors that don't trade futures, are trapped to deal with tomorrow morning's opening tick. i see this crap all the time, especially with after hours earnings reports which gap up or down up to 20%. it's unfair for most investors.
China and BTC = future
USD and EUR = fucked
USD and EUR = fucked
uh oh, back under:
the PPT better get crackin':
oops, wrong asset.
oops, wrong asset.
nice gap down. i'm sure they'll have this corrected by morning:
Thank you to the whale (short coverer?) who simply smashed that 3000 btc wall down the other night. Also thanks to the little bulls who helped take out all the little sellers who were panic front running the blocking wall.
This picture, along with the majority of volume being Chinese, tells you China is not over :
Moving up
Halving date sooner than estimated.
http://bitcoinclock.com/
The clock is limping behind the time. One year ago, it showed end of october 2016.
http://bitcoinclock.com/
The clock is limping behind the time. One year ago, it showed end of october 2016.
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