That may well be, but anyway, this rally doesn't sees to have hit the PPTs on the exchange. Prices there don't look especially high at the moment.
But if you're right, could be people are looking to deposit directly instead of through the pass-throughs of course.
Topic: This rally is a pirate bubble - page 5. (Read 8670 times)
Everyone is buying BTC to get in on pirate's scheme, pirate passthroughs, and other pirate like "lending" schemes.
If pirate is selling them again, as many assume, those bitcoins are already back in the market.
The entire bitcoin economy is shifting towards lending and various financial instruments.
True, but isn't this a healthy sign? I mean, even in the gold-backed-money days, didn't most people keep their money in a bank which lent it out to earn interest?
The great thing about bitcoin, though, is that unlike fiat money, you're aren't forced to lend it or suffer loss of purchasing power. Due to its deflationary nature, with BTC you can take the risk of lending, or you can just hold it directly with essentially zero risk. Everybody wins
this rally is not a pirate bubble
this rally is a pirate bubble
this rally is maybe a pirate bubble
this rally is a pirate bubble
this rally is maybe a pirate bubble
If you're right, his interest rates will fall until he only has as much BTC as he needs. If he's generous (and selective), he may just limit deposits and new accounts.
Oh so you mean, it's an end to itself. This could get dirty when the bitcoin generation rate halves.
The increase in price is not due to an increase in the exchange of goods and services for bitcoins or favorable news, the two traditional causes for rallies.
Everyone is buying BTC to get in on pirate's scheme, pirate passthroughs, and other pirate like "lending" schemes.
Obviously earning 3300% a year on BTC is more attractive than 0-10%/year with USD.
The entire bitcoin economy is shifting towards lending and various financial instruments.
If pirate were to default, would the price crash? There would certainly be less incentive to buy BTC. Of course, pirate might have all of the coins by then... so there might not be many sellers.
Everyone is buying BTC to get in on pirate's scheme, pirate passthroughs, and other pirate like "lending" schemes.
Obviously earning 3300% a year on BTC is more attractive than 0-10%/year with USD.
The entire bitcoin economy is shifting towards lending and various financial instruments.
If pirate were to default, would the price crash? There would certainly be less incentive to buy BTC. Of course, pirate might have all of the coins by then... so there might not be many sellers.
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