Topic: More huge news (Read 3411 times)

Excellent post! There have been so much great news, but everyone seems to be hypnotized by the long bear-market. It is fantastic that bitcoin blockchain could bu used for settlements.

I agree, but technically things are heating up- we're coming to the end of a wedge, we've breached some downtrend lines to the upside. I think we will see a big move in a week. Perhaps setting the tone for the rest of the year.

Things are just getting started for more than 1 year.


I'm starting to get tired

Well shucks, if Andressen Horowitz, Qualcomm, Peter Thiel, and Drew Houston would have just consulted these fine fora and r/buttcoin, they could have saved themselves $116 million.

Surely much of the point is that it won't be hard to mine. It'll magically appear in your 21 account, though I assume it'll cost you a little extra in electricity expended.

If any of this is true it would be interesting to see what the public attitude towards spending it would be. It would a different vibe compared to someone who'd been irradiating their basement with thousands of dollars' worth of miners.

this news shouldnt be anything really from the past news, similar to how bitcoin was announced a ban in china.

it should be taken very lightley since, wall st itself is a game for hackers and using the public on being a sucker at someone game.

also 21`s strategy for social is retarded. Whos going to pay a hard earned bitcoin thats hard to mine as is all to pay a commercial to skip, gtfo here.

Another huge news:

Prepare for widespread "free" miner distribution
http://www.coindesk.com/21-intel-bitcoin-mining-strategy/

Looking at the news that the NASDAQ will use the blockchain via colored coins is clearly positive on it's face. But look at the derivatives, a few of which have been touched upon.

1) With Wall street using colored coins of a greater than dust size it will not be long before some percentage of coins are tied up as markers for property. The number available for currency will be decreased, which is also positive for fiat values.

2) Wall street firms will each still handle most transactions in-house, meaning most transactions will not happen on the blockchain. The blockchain will likely only be touched when firms make large trades between each other, basically clearing house trades. Of course, a small investor could cause a transaction to hit the blockchain if they wished to take personal possession and storage of their shares.

3) HFT would all occur in-house as most of those trades are never executed anyway. Just like trades in gold futures, physical gold rarely ever moves, just entries of ownership in a ledger. In this case, the bitcoins are the bars of gold, the in-house ledger would track temporary ownership. This means that since it rarely touches the blockchain itself, the transactions can be instantaneous.

4) Although most transactions would not hit the blockchain, they certainly would from time to time, and if you add up hundreds of firms doing this the number of transactions would certainly increase, so too would the transaction fees. Even more incentive for miners.

5) I would be interested to see if dividends from companies could be paid in bitcoins to the address holders even if they are anonymous.


There are many other effects, both great and small. These are just a few. How it shakes out no one can predict accurately, but it will definitely become a game changer once live. Hold on to your hat!

I dont think its going to increase despite what the news says.

Not negative about bitcoin, but just based on assumptions on based history that explains itself.

Never again? You haven't been around long enough. Things are just getting started

never again

The Nasdaq experiment is for settlement, not trading (of course, you can't possibly do HFT on a blockchain ).

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Good news has been shrugged off for more than a year, even as the news comes in faster, thicker, better. We've got a tremendous backlog of amazing news accumulated, seeming to get exponentially more fantastic. Once the market stops downplaying good news and switches to up-playing it, the price is going to shoot up like a champagne cork.

People will look back and say, "What the HECK were we thinking valuing Bitcoin at mid-2013 prices NOW when it was little more than a toy back then? We ignored all this incredible news staring us in the face. If I had only noticed the obvious back then, if I had only given it a few moments' worth of serious objective thought and not been swayed by the irrelevant short-term price action..."

The fast majority of that daily volume are HFT algorithms holding onto securities for very brief periods of time. This type of use case does not need a colored coin solution. A colored coin solution is more appropriate for real investors who purchase and hold a security for some real period of time.

I could imagine the NASDAQ creating a 2 tier system, where there is an in-NASDAQ market for short lived HFT trading usage, and also a colored coin market where securities can be traded and withdrawn onto the block chain. Trading and withdrawing onto the block chain would be marginally more expensive, but would make sense for real investors buying and holding. The HFT volume would stay on the current system centralized since that would be cheaper and HFT does not need blockchain security.

I think if you took HFT type trades out of the transaction volume, you would now have something reasonable for a colored coin market.

You are also forgetting transaction fees.  Especially when the transacted amount is so small, the fee will be required in order to ensure it gets included in a block.  So you would have to add 0.0001 BTC per transaction on top of that (10,000 satoshis).  Now those numbers get much, much bigger.

(ref: https://en.bitcoin.it/wiki/Transaction_fees)

All in due time. BTC had its pump/dump already - the ground level is still being built. Which is a very good thing.

It seems the time is coming as since so many news came and everyone always dumped, this has been for the first time since than that I actually saw something good happening with some good news coming in...

Markets are still sideways, but I think we might see some breakouts above taking into consideration this news that came in at right time, and it would definitely be a nightmare for those who will sell currently...

Wall Street sees it, they are already paying huge premiums for bitcoin exposure through the GBTC.  Mainstream people will be the last to adopt and will most likely be buying into Bitcoin at much higher prices. 

I think the spring is coiling...

This. For now people are ignoring the evidence (i mean the clueless average joes, and the old clueless former gurus like Buffet), but as the evidence stacks up with time, the realization will be an all of a sudden moment, with a sky rocketing pump.

all these news will have impact in the long term, not now, also they are news that talk about raising a good infrastructure first, and not directly related with investments on bitcoin