rpietila Wall Observer - the Quality TA Thread ;) - page 109.

Biodom

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Quote from: BitChick on September 09, 2014, 08:27:03 PM

Quote from: Newbie1022 on September 09, 2014, 08:18:46 PM

Quote from: sidhujag on September 09, 2014, 08:17:21 PM

Quote from: 79b79aa8d5047da6d3XX on September 09, 2014, 11:41:39 AM

Quote from: findftp on September 09, 2014, 03:42:30 AM

I think the satoshi FUD is strongly related to the paypal announcement.

Agreed.

At least there is no doubt that we are talking about the highest stakes. To the above update, you may add:

Ebay, Apple, Alibaba, Google to compete for the global online payments market.

- Ebay/PayPal are actively pursuing the incorporation of Bitcoin.

- Apple is partnering with Visa/MC/AmEx. But should this solution prove to be less profitable than a Bitcoin-based one --it is a challenge-- Apple can switch, or it can add Bitcoin. In any case, for antitrust reasons (with recent MS precedent), Apple will probably not be able to shut out alternative payment solutions.

- Google's Wallet seems to lag. Google is still free to incorporate Bitcoin and appears to have contemplated it. Same goes for Amazon.

- Alibaba/Alipay seems more hindered to adopt Bitcoin given Chinese regulations. On the other hand, it is about to issue a very large IPO on the NYSE, I am not sure how being publicly traded on an American exchange impacts its regulatory framework wrt BTC.

Man apple is headed down in a hurry... Jobs would have adopted bitcoin long ago.

This.

Or Jobs would have decided to make his own Apple crypto. He really liked to control things.

Jobs would have made an apple app that allows you to pay with your bitcoin at the touch of your finger;
that would be a killer app
perhaps, one fingertip for each btc wallet, so you would be limited to 10

BitChick

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Quote from: Newbie1022 on September 09, 2014, 08:18:46 PM

Quote from: sidhujag on September 09, 2014, 08:17:21 PM

Quote from: 79b79aa8d5047da6d3XX on September 09, 2014, 11:41:39 AM

Quote from: findftp on September 09, 2014, 03:42:30 AM

I think the satoshi FUD is strongly related to the paypal announcement.

Agreed.

At least there is no doubt that we are talking about the highest stakes. To the above update, you may add:

Ebay, Apple, Alibaba, Google to compete for the global online payments market.

- Ebay/PayPal are actively pursuing the incorporation of Bitcoin.

- Apple is partnering with Visa/MC/AmEx. But should this solution prove to be less profitable than a Bitcoin-based one --it is a challenge-- Apple can switch, or it can add Bitcoin. In any case, for antitrust reasons (with recent MS precedent), Apple will probably not be able to shut out alternative payment solutions.

- Google's Wallet seems to lag. Google is still free to incorporate Bitcoin and appears to have contemplated it. Same goes for Amazon.

- Alibaba/Alipay seems more hindered to adopt Bitcoin given Chinese regulations. On the other hand, it is about to issue a very large IPO on the NYSE, I am not sure how being publicly traded on an American exchange impacts its regulatory framework wrt BTC.

Man apple is headed down in a hurry... Jobs would have adopted bitcoin long ago.

This.

Or Jobs would have decided to make his own Apple crypto. He really liked to control things.

Newbie1022

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Activity: 238

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Quote from: sidhujag on September 09, 2014, 08:17:21 PM

Quote from: 79b79aa8d5047da6d3XX on September 09, 2014, 11:41:39 AM

Quote from: findftp on September 09, 2014, 03:42:30 AM

I think the satoshi FUD is strongly related to the paypal announcement.

Agreed.

At least there is no doubt that we are talking about the highest stakes. To the above update, you may add:

Ebay, Apple, Alibaba, Google to compete for the global online payments market.

- Ebay/PayPal are actively pursuing the incorporation of Bitcoin.

- Apple is partnering with Visa/MC/AmEx. But should this solution prove to be less profitable than a Bitcoin-based one --it is a challenge-- Apple can switch, or it can add Bitcoin. In any case, for antitrust reasons (with recent MS precedent), Apple will probably not be able to shut out alternative payment solutions.

- Google's Wallet seems to lag. Google is still free to incorporate Bitcoin and appears to have contemplated it. Same goes for Amazon.

- Alibaba/Alipay seems more hindered to adopt Bitcoin given Chinese regulations. On the other hand, it is about to issue a very large IPO on the NYSE, I am not sure how being publicly traded on an American exchange impacts its regulatory framework wrt BTC.

Man apple is headed down in a hurry... Jobs would have adopted bitcoin long ago.

This.

sidhujag

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Quote from: 79b79aa8d5047da6d3XX on September 09, 2014, 11:41:39 AM

Quote from: findftp on September 09, 2014, 03:42:30 AM

I think the satoshi FUD is strongly related to the paypal announcement.

Agreed.

At least there is no doubt that we are talking about the highest stakes. To the above update, you may add:

Ebay, Apple, Alibaba, Google to compete for the global online payments market.

- Ebay/PayPal are actively pursuing the incorporation of Bitcoin.

- Apple is partnering with Visa/MC/AmEx. But should this solution prove to be less profitable than a Bitcoin-based one --it is a challenge-- Apple can switch, or it can add Bitcoin. In any case, for antitrust reasons (with recent MS precedent), Apple will probably not be able to shut out alternative payment solutions.

- Google's Wallet seems to lag. Google is still free to incorporate Bitcoin and appears to have contemplated it. Same goes for Amazon.

- Alibaba/Alipay seems more hindered to adopt Bitcoin given Chinese regulations. On the other hand, it is about to issue a very large IPO on the NYSE, I am not sure how being publicly traded on an American exchange impacts its regulatory framework wrt BTC.

Man apple is headed down in a hurry... Jobs would have adopted bitcoin long ago.

fonsie

sr. member

Activity: 434

Merit: 250

Alipay is not included in the IPO, it's no longer a part of Alibaba.

79b79aa8d5047da6d3XX

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Colletrix - Bridging the Physical and Virtual Worl

Quote from: findftp on September 09, 2014, 03:42:30 AM

I think the satoshi FUD is strongly related to the paypal announcement.

Agreed.

At least there is no doubt that we are talking about the highest stakes. To the above update, you may add:

Ebay, Apple, Alibaba, Google to compete for the global online payments market.

- Ebay/PayPal are actively pursuing the incorporation of Bitcoin.

- Apple is partnering with Visa/MC/AmEx. But should this solution prove to be less profitable than a Bitcoin-based one --it is a challenge-- Apple can switch, or it can add Bitcoin. In any case, for antitrust reasons (with recent MS precedent), Apple will probably not be able to shut out alternative payment solutions.

- Google's Wallet seems to lag. Google is still free to incorporate Bitcoin and appears to have contemplated it. Same goes for Amazon.

- Alibaba/Alipay seems more hindered to adopt Bitcoin given Chinese regulations. On the other hand, it is about to issue a very large IPO on the NYSE, I am not sure how being publicly traded on an American exchange impacts its regulatory framework wrt BTC.

findftp

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Delusional crypto obsessionist

Quote from: 79b79aa8d5047da6d3XX on September 08, 2014, 06:30:20 PM

FUNDAMENTALS UPDATE:

EBay/PayPal moving towards Bitcoin integration via Braintree and Coinbase:

https://www.braintreepayments.com/blog/goodbye-passwords-one-touch-hello-bitcoin
http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin

- Simplified, secure payments via BTC with any merchant in the USA will soon be possible.

- Coinbase probably figures in Ebay's growth strategy.

I think the satoshi FUD is strongly related to the paypal announcement.
These markets seems to be manufactured.
This whole situation reminds me of the Silk Road event last time.

I bet the price of bitcoin will rise very soon.
Too bad I already went all-in weeks ago.

79b79aa8d5047da6d3XX

full member

Activity: 660

Merit: 101

Colletrix - Bridging the Physical and Virtual Worl

FUNDAMENTALS UPDATE:

EBay/PayPal moving towards Bitcoin integration via Braintree and Coinbase:

https://www.braintreepayments.com/blog/goodbye-passwords-one-touch-hello-bitcoin
http://blog.coinbase.com/post/96987622472/braintree-partners-with-coinbase-to-accept-bitcoin

- Simplified, secure payments via BTC with any merchant in the USA will soon be possible.

- Coinbase probably figures in Ebay's growth strategy.

BombaUcigasa

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Quote from: painlord2k on September 08, 2014, 12:01:29 PM

higher low

The bull is strong in this one...

painlord2k

sr. member

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Today we did another higher low. It punctured the lower trend channel just for less than 4 hours.
There is this compression triangle going on and on.
Not enough pressure to push thru the ceiling, not enough pressure to push thru the floor.

solex

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100 satoshis -> ISO code

Quote from: rpietila on September 08, 2014, 05:57:56 AM

Well it's like a one big country deciding in 1994 that Internet may only be text-based.

Reminds me of France's Minitel

rpietila

donator

Activity: 1722

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Quote from: JayJuanGee on September 08, 2014, 05:43:41 AM

Quote from: rpietila on September 08, 2014, 04:47:26 AM

Why this needs to be discussed? According to numbers, cryptocurrency has about a million or absolute maximum 5 million people who have ever had any.

In 1995, Internet was a staple in half of the computers sold in retail, 1997 in all of them. The 1-5 million in the world number must have happened in 1994 or earlier.

So 1993/4 = 2014

That is the million dollar set of questions to estimate how many users there are and the extent to which existing users are expanding.. which many of us surmise will exponentially affect BTC prices, whether new adopters are hoarding or NOT.

Surely, BTC prices will be even more exponentially affected if users are both hoarding and using bitcoins to carry out various transactions (through the transact and replace type practices).

I believe that the recent (March 2014) US IRS tax interpretation memo does create a fairly strong disincentive for people to carry out regular BTC transactions - which is a bit of a shame, and hopefully will be modified in the future or scofflaw mechanisms will evolve.

Well it's like a one big country deciding in 1994 that Internet may only be text-based. Other countries don't likely follow, and anyone who personally follows the guidance is just shooting himself in the foot by putting himself in such a crippled position. If there was an anonymous way of accessing the graphic Internet, I am sure its popularity would skyrocket.

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: rpietila on September 08, 2014, 04:47:26 AM

Why this needs to be discussed? According to numbers, cryptocurrency has about a million or absolute maximum 5 million people who have ever had any.

In 1995, Internet was a staple in half of the computers sold in retail, 1997 in all of them. The 1-5 million in the world number must have happened in 1994 or earlier.

So 1993/4 = 2014

That is the million dollar set of questions to estimate how many users there are and the extent to which existing users are expanding.. which many of us surmise will exponentially affect BTC prices, whether new adopters are hoarding or NOT.

Surely, BTC prices will be even more exponentially affected if users are both hoarding and using bitcoins to carry out various transactions (through the transact and replace type practices).

I believe that the recent (March 2014) US IRS tax interpretation memo does create a fairly strong disincentive for people to carry out regular BTC transactions - which is a bit of a shame, and hopefully will be modified in the future or scofflaw mechanisms will evolve.

rpietila

donator

Activity: 1722

Merit: 1036

Why this needs to be discussed? According to numbers, cryptocurrency has about a million or absolute maximum 5 million people who have ever had any.

In 1995, Internet was a staple in half of the computers sold in retail, 1997 in all of them. The 1-5 million in the world number must have happened in 1994 or earlier.

So 1993/4 = 2014

creekbore

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Lazy, cynical and insolent since 1968

Quote from: coraz on September 07, 2014, 11:54:20 PM

Quote from: AnonyMint on September 05, 2014, 07:02:19 AM

Bitcoin is nearing 6 years old. The World Wide Web was launched to the public-at-large in 1993. By the 6-7th year, the dot.com bubble had a capitalization that was 183% of the USA GDP!!!

In every practical sense, Bitcoin launched to the "public-at-large" in November 2013.

Comparing WWW of 1993 (14 million users, project has been existing for decades) to Bitcoin of 2009 (10-20 users at most) is either extremely stupid or intentionally misleading.

I thank you for deciding to leave the forum and not subject people to reading your cringeworthy posts any more.

Yeah...the bubbles of 2010 and early 2013 didn't happen, the media wasn't full of BTC stories between Jan and April 2013.

But I look forward to reading your posts, since you are clearly an intellectual giant with many years economic training and worldly wisdom to draw upon.

wachtwoord

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Quote from: coraz on September 07, 2014, 11:54:20 PM

Quote from: AnonyMint on September 05, 2014, 07:02:19 AM

Bitcoin is nearing 6 years old. The World Wide Web was launched to the public-at-large in 1993. By the 6-7th year, the dot.com bubble had a capitalization that was 183% of the USA GDP!!!

In every practical sense, Bitcoin launched to the "public-at-large" in November 2013.

Comparing WWW of 1993 (14 million users, project has been existing for decades) to Bitcoin of 2009 (10-20 users at most) is either extremely stupid or intentionally misleading.

Very very true. In 2009 Bitcoin had less than 10 users as far as I'm aware. if we are going to compare the internet and Bitcoin then choose 1969 as the start of the internet (Arpanet).

It will probably be meaningless to compare the rise of Bitcoin and the internet on a year to year basis (the adoption trend will probably have similarities though)

coraz

newbie

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Quote from: AnonyMint on September 05, 2014, 07:02:19 AM

Bitcoin is nearing 6 years old. The World Wide Web was launched to the public-at-large in 1993. By the 6-7th year, the dot.com bubble had a capitalization that was 183% of the USA GDP!!!

In every practical sense, Bitcoin launched to the "public-at-large" in November 2013.

Comparing WWW of 1993 (14 million users, project has been existing for decades) to Bitcoin of 2009 (10-20 users at most) is either extremely stupid or intentionally misleading.

I thank you for deciding to leave the forum and not subject people to reading your cringeworthy posts any more.

av123

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Quote from: Bitcopia on September 07, 2014, 12:59:47 AM

Quote from: creekbore on September 07, 2014, 12:33:57 AM

Quote from: rdnkjdi on September 06, 2014, 02:04:22 AM

You will be missed. Thank you for summarizing the information you have here. More people follow you than you know - I have no doubt you'll be back some day even if with a different handle.

Godspeed.

Seconded. I have learnt a great deal from AM's posts, erudition and (most importantly) his courage in challenging the accepted orthodoxy of this thread and the forum in general.

It is a poor reflection on the BTC 'community' that a contrary view (and ironically one that is based upon statistical and theoretical learning) garners such unfounded animosity.

God bless and thank you.

Anonymint has grown on me over the months. I respect his views even if I don't always agree with them. Definitely one of the most thoughtful members on this forum.

I agree with that sentiment. His posts are usually quite thought provoking. He has stated in the past that he will be leaving only to return some time later so perhaps we will see him posting again before long.

Bitcopia

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Quote from: creekbore on September 07, 2014, 12:33:57 AM

Quote from: rdnkjdi on September 06, 2014, 02:04:22 AM

You will be missed. Thank you for summarizing the information you have here. More people follow you than you know - I have no doubt you'll be back some day even if with a different handle.

Godspeed.

Seconded. I have learnt a great deal from AM's posts, erudition and (most importantly) his courage in challenging the accepted orthodoxy of this thread and the forum in general.

It is a poor reflection on the BTC 'community' that a contrary view (and ironically one that is based upon statistical and theoretical learning) garners such unfounded animosity.

God bless and thank you.

Anonymint has grown on me over the months. I respect his views even if I don't always agree with them. Definitely one of the most thoughtful members on this forum.

creekbore

full member

Activity: 210

Merit: 100

Lazy, cynical and insolent since 1968

Quote from: rdnkjdi on September 06, 2014, 02:04:22 AM

You will be missed. Thank you for summarizing the information you have here. More people follow you than you know - I have no doubt you'll be back some day even if with a different handle.

Godspeed.

Seconded. I have learnt a great deal from AM's posts, erudition and (most importantly) his courage in challenging the accepted orthodoxy of this thread and the forum in general.

It is a poor reflection on the BTC 'community' that a contrary view (and ironically one that is based upon statistical and theoretical learning) garners such unfounded animosity.

God bless and thank you.

Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 109. (Read 907212 times)