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Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 97. (Read 907229 times)

legendary
Activity: 2576
Merit: 1087
Bitcoin is a creation of the new money billionaires who are fighting a war with the old money billionaires.

Richard Branson et al cannot come out and simply say so, but btc is a direct challenge to the centralised power structures.

Look at the actions of the new money billionaires like Branson and Gates, they spend billions trying to make the world a better place.

The old money like the rothschilds who own the banking system, and many other things, rely on centralised power structures to maintain their position.

The new money billionaires like Gates, Branson etc make more money with further decentralisation.

For people who think the Rothschilds are not hugely powerful you only have to see how one junior 30 year old family member gets exposedi n a multibillion dollar trade deal involving russian oligarchs, members of parliament etc to imagine what his father/uncles are up to.

The old money rely on centralised power structures, such as the CIA/military industrial complex. A recent example was Gadaffi, they fund him, they put him into power, they allow him to accumulate the worlds largest fortune (500 bn) and then when he's no longer useful they kill him off, and none of his fortune is recovered. All those hundreds of billions he thought he'd safely stashed in their offshore banks, siphoned off by the old money.

Old money make money by destruction and control, new money make money thru freedom and enterprise.

There is a war on, and decentralisation is the trenches. Bitcoin is but one tool.



Interesting post. Like how old business and new business run things differently (e.g. clocking in and clocking out vs 20% time)
legendary
Activity: 1582
Merit: 1019
011110000110110101110010
I left that out of the speculation, since a hit would have been quite easy in the headlights from 20 meters.

Have a manned security station with a gate. Have a spike belt to flatten tires of the unwelcomed. Guns are your friend.

If I choose that line of defence, it never ends. If I cannot be harassed in my place, my car may accidentally blow up. Or I may get suicided in a hotel room or unexpectedly jump to the icy sea from a Tallinn ferry.

I believe it's much better to be friendly with everyone, while not sacrificing truthfulness, and have powerful friends.

genius, i'm nowhere near as btc-rich but that is exactly my philosophy Cheesy

Unfortunately the bad guys prey on this type of philosophy.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
I left that out of the speculation, since a hit would have been quite easy in the headlights from 20 meters.

Have a manned security station with a gate. Have a spike belt to flatten tires of the unwelcomed. Guns are your friend.

If I choose that line of defence, it never ends. If I cannot be harassed in my place, my car may accidentally blow up. Or I may get suicided in a hotel room or unexpectedly jump to the icy sea from a Tallinn ferry.

I believe it's much better to be friendly with everyone, while not sacrificing truthfulness, and have powerful friends.

Whats your opinion on the current price situation rpietila?
hero member
Activity: 700
Merit: 500
Any smart current status reports/insigths? Where are we now with BTC? I missed positive news and LM updates, it looks like we are far away from predicted price. Nobody expected to october with <400$

Need comforting words  Grin.

TBH I am also interested in how we are in regards to long term trendline.

We are well below every trendline drawn before August.
sr. member
Activity: 277
Merit: 257
Any smart current status reports/insigths? Where are we now with BTC? I missed positive news and LM updates, it looks like we are far away from predicted price. Nobody expected to october with <400$

Need comforting words  Grin.

TBH I am also interested in how we are in regards to long term trendline.
full member
Activity: 165
Merit: 106
Any smart current status reports/insigths? Where are we now with BTC? I missed positive news and LM updates, it looks like we are far away from predicted price. Nobody expected to october with <400$
donator
Activity: 1722
Merit: 1036
I left that out of the speculation, since a hit would have been quite easy in the headlights from 20 meters.

Have a manned security station with a gate. Have a spike belt to flatten tires of the unwelcomed. Guns are your friend.

If I choose that line of defence, it never ends. If I cannot be harassed in my place, my car may accidentally blow up. Or I may get suicided in a hotel room or unexpectedly jump to the icy sea from a Tallinn ferry.

I believe it's much better to be friendly with everyone, while not sacrificing truthfulness, and have powerful friends.
legendary
Activity: 1904
Merit: 1002
I can see how they mix very well: as paypal being an off-chain BTC payments processor with "added value" (chargebacks, consumer protection).

Exactly. But any merchant that integrates Bitcoin via PayPal can also directly integrate Bitcon payments, in minutes. Faster, no middlemen, no need to be banked, lower fees. PayPal stands to lose a chunk of its business, and is moving not to lose it all.

Paypal will only gain. Look at the situation in Merchant Services. There is a huge integration of Visa/Mastercard used through Paypal, in preference to direct with the card issuers. The reason is the accessability of Paypal.

The reason is merchants prefer to push PCI compliance off to paypal.
legendary
Activity: 2534
Merit: 1129
I can see how they mix very well: as paypal being an off-chain BTC payments processor with "added value" (chargebacks, consumer protection).

Exactly. But any merchant that integrates Bitcoin via PayPal can also directly integrate Bitcon payments, in minutes. Faster, no middlemen, no need to be banked, lower fees. PayPal stands to lose a chunk of its business, and is moving not to lose it all.

Paypal will only gain. Look at the situation in Merchant Services. There is a huge integration of Visa/Mastercard used through Paypal, in preference to direct with the card issuers. The reason is the accessability of Paypal.
legendary
Activity: 1582
Merit: 1019
011110000110110101110010
I left that out of the speculation, since a hit would have been quite easy in the headlights from 20 meters.

Have a manned security station with a gate. Have a spike belt to flatten tires of the unwelcomed. Guns are your friend.
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
September 2014 is shaping up to be the point of no return.

Japanese integrated internet services firm GMO (market cap ~ USD $1.13 B) invests in bitFlyer (jp site where you can buy, sell, send BTC), with a view to serve Asian payment markets. They will compete directly with Alipay, Baidu, etc., which are forbidden to incorporate bitcoin, and thus are stuck with inferior tech.

http://www.techinasia.com/bitcoin-gmo-payment/
https://www.gmo.jp/en/
https://bitflyer.jp/en/

^^^Now this is interesting.. thanks for that.. i must have missed it.


This is great news but https://bitflyer.jp/en/ is an inferior exchange. It's only open from 9AM to 3PM (just announced extended operating hours of 4:30PM - 7PM). In addition it has anemic volume and I really don't see how a reputable exchange that wants to be competitive can justify these banking hours... There are already better options in Japan and within a years time there will be foreign companies setting up shop here as well.


never underestimate the power of the kieretsu model
hero member
Activity: 583
Merit: 500
September 2014 is shaping up to be the point of no return.

Japanese integrated internet services firm GMO (market cap ~ USD $1.13 B) invests in bitFlyer (jp site where you can buy, sell, send BTC), with a view to serve Asian payment markets. They will compete directly with Alipay, Baidu, etc., which are forbidden to incorporate bitcoin, and thus are stuck with inferior tech.

http://www.techinasia.com/bitcoin-gmo-payment/
https://www.gmo.jp/en/
https://bitflyer.jp/en/

^^^Now this is interesting.. thanks for that.. i must have missed it.


This is great news but https://bitflyer.jp/en/ is an inferior exchange. It's only open from 9AM to 3PM (just announced extended operating hours of 4:30PM - 7PM). In addition it has anemic volume and I really don't see how a reputable exchange that wants to be competitive can justify these banking hours... There are already better options in Japan and within a years time there will be foreign companies setting up shop here as well.
hero member
Activity: 707
Merit: 500
September 2014 is shaping up to be the point of no return.

Japanese integrated internet services firm GMO (market cap ~ USD $1.13 B) invests in bitFlyer (jp site where you can buy, sell, send BTC), with a view to serve Asian payment markets. They will compete directly with Alipay, Baidu, etc., which are forbidden to incorporate bitcoin, and thus are stuck with inferior tech.

http://www.techinasia.com/bitcoin-gmo-payment/
https://www.gmo.jp/en/
https://bitflyer.jp/en/

^^^Now this is interesting.. thanks for that.. i must have missed it.
full member
Activity: 660
Merit: 101
Colletrix - Bridging the Physical and Virtual Worl
September 2014 is shaping up to be the point of no return.

Japanese integrated internet services firm GMO (market cap ~ USD $1.13 B) invests in bitFlyer (jp site where you can buy, sell, send BTC), with a view to serve Asian payment markets. They will compete directly with Alipay, Baidu, etc., which are forbidden to incorporate bitcoin, and thus are stuck with inferior tech.

http://www.techinasia.com/bitcoin-gmo-payment/
https://www.gmo.jp/en/
https://bitflyer.jp/en/
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
And how about this- Paypal acquires Bitpay/Coinbase or both. Maybe their end game?

only if one of them is in mismanaged or in financial problems AND Paypal cannot switch to using the others completely for some subset of customers.

the likely candidate would be bitpay since that is a Peter Thiel investment and he could pull some strings for his portfolio, as has been done with other things (instagram).

otherwise why buy the cow when the milk is (almost) free
legendary
Activity: 2002
Merit: 1040
And how about this- Paypal acquires Bitpay/Coinbase or both. Maybe their end game?
full member
Activity: 660
Merit: 101
Colletrix - Bridging the Physical and Virtual Worl
I can see how they mix very well: as paypal being an off-chain BTC payments processor with "added value" (chargebacks, consumer protection).

Exactly. But any merchant that integrates Bitcoin via PayPal can also directly integrate Bitcon payments, in minutes. Faster, no middlemen, no need to be banked, lower fees. PayPal stands to lose a chunk of its business, and is moving not to lose it all.
donator
Activity: 2772
Merit: 1019
paypal news potentially interesting, but I don't see how these two can mix.

I can see how they mix very well: as paypal being an off-chain BTC payments processor with "added value" (chargebacks, consumer protection).

They're currently doing it wrong, mistaking Bitcoin as purely a payment network instead of as a money (which it will become a good one, don't worry).

Well, at least they're sticking a toe in the water.
hero member
Activity: 798
Merit: 1000
Who's there?
paypal news potentially interesting, but I don't see how these two can mix.
Paypal just introduced a new draconian TOS where someone can return your goods full 180 days after purchasing if they are not "significantly as described" whatever that means.
I don't think I will be selling anything of value and, specifically, bitcoin related on ebay/paypal after this POS/TOS goes into effect on Nov 18.
All used miners have to go beforehand, as risking a FULL return after 179 days is too much to consider.

Miners are in small numbers so they don't matter to the whole Paypal&Bitpay mix.
Numbers are small, but size does matter. How many ringtones can one buy for a price of mining farm?
full member
Activity: 660
Merit: 101
Colletrix - Bridging the Physical and Virtual Worl
I don't think I will be selling anything of value and, specifically, bitcoin related on ebay/paypal

well yeah, whoever is buying a miner from you will be in a position to pay directly in BTC . . . that's not the target clientele.
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