Governments are not needed.
well, if the goddamned things can not even provide a stable currency I fail to see much reason for them
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13748. (Read 26713191 times)
May 29, 2018, 12:41:34 PM
well, if the goddamned things can not even provide a stable currency I fail to see much reason for them
May 29, 2018, 12:34:45 PM
Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!
Joking aside they are in a very shitty situation, they basically don't have a government!
no government does not sound like a shitty situation to me
Northern Ireland has no working government for 1 year and a half now, and germany has none for some time now, or?
May 29, 2018, 12:33:48 PM
no government does not sound like a shitty situation to me
We don't have a proper government in the UK, and the arrest and imprisonment of Tommy Robinson may become more significnt thn the Italian crisis. It's opening up a massive can of worms.
belgium did just fine without a government for many, many months.
To be exact 541 days
https://en.wikipedia.org/wiki/2010%E2%80%9311_Belgian_government_formation
May 29, 2018, 12:30:01 PM
(snip quotes)
The first big enough long that gets rekt we're in for a few domino ripples.
The first big enough long that gets rekt we're in for a few domino ripples.
... or short.
May 29, 2018, 12:29:46 PM
no government does not sound like a shitty situation to me
We don't have a proper government in the UK, and the arrest and imprisonment of Tommy Robinson may become more significnt thn the Italian crisis. It's opening up a massive can of worms.
belgium did just fine without a government for many, many months. and italy has never had governments that did anything other than implode after a few months.
as for that robinson guy, all he had to do was not jeopardise the trial he was jeopardising. he was given plenty of warning and was told what would happen if he did what he carried on doing. anyone else would've been jailed too. the far right can spin it all they want.
May 29, 2018, 12:18:17 PM
Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!
Joking aside they are in a very shitty situation, they basically don't have a government!
I'd like to have a villa in Italy and a Ferrari to drive. Ferrari because I want to support the economy. Lambo's are German.
It's owned by Ferrari N.V. (naamloze vennootschap) which is a dutch legal entity (from Exor group another dutch legal entity in the hands of the Agnelli's)
May 29, 2018, 12:16:37 PM
Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!
Joking aside they are in a very shitty situation, they basically don't have a government!
no government does not sound like a shitty situation to me
May 29, 2018, 12:13:06 PM
no government does not sound like a shitty situation to me
We don't have a proper government in the UK, and the arrest and imprisonment of Tommy Robinson may become more significnt thn the Italian crisis. It's opening up a massive can of worms.
May 29, 2018, 12:09:53 PM
Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!
Joking aside they are in a very shitty situation, they basically don't have a government!
I'd like to have a villa in Italy and a Ferrari to drive. Ferrari because I want to support the economy. Lambo's are German.
May 29, 2018, 12:03:18 PM
Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!
Joking aside they are in a very shitty situation, they basically don't have a government!
no government does not sound like a shitty situation to me
nice one!
nonetheless, this doesn't mean there's no "government" if you know what I am saying
May 29, 2018, 11:52:37 AM
Got an interesting email from kraken today. Submitted to you bereft of comment:
Quote
Hi <>,
One of the main challenges facing Bitcoin, Ethereum, and other digital assets is the need for education and appropriate regulation. Coin Center directly addresses this challenge in the following ways:
Educating policy makers and the media about digital asset technology
Promoting policy research on smart regulatory approaches to the technology
Advocating for the implementation of smart regulation
Read more about Coin Center here: https://coincenter.org/our-work
To support the great work being done at Coin Center, Kraken is pleased to announce a $1,000,000 donation (read about it here: https://blog.kraken.com/post/1591/kraken-donates-1m-to-coin-center-with-an-additional-1m-matching-during-may/).
Kraken is also matching every dollar donated by the end of this month up to an additional $1,000,000!
Help us meet the $3,000,000 goal by donating to Coin Center today! There’s not much time left - to be matched by Kraken, donations must be received by 11:59 pm Eastern Time on May 31 2018. Donations to Coin Center are accepted at their donation page in Bitcoin, Ether, and Credit Card.
Donate to Coin Center here: http://coincenter.org/donate
We hope you will consider a donation to Coin Center today - as the popularity of digital assets grows, so does the need for greater advocacy and education, so there is no more important time than now to help ensure that digital assets are sensibly regulated in a way that protects consumers without unnecessarily hindering growth.
Thank You
The Kraken Team
One of the main challenges facing Bitcoin, Ethereum, and other digital assets is the need for education and appropriate regulation. Coin Center directly addresses this challenge in the following ways:
Educating policy makers and the media about digital asset technology
Promoting policy research on smart regulatory approaches to the technology
Advocating for the implementation of smart regulation
Read more about Coin Center here: https://coincenter.org/our-work
To support the great work being done at Coin Center, Kraken is pleased to announce a $1,000,000 donation (read about it here: https://blog.kraken.com/post/1591/kraken-donates-1m-to-coin-center-with-an-additional-1m-matching-during-may/).
Kraken is also matching every dollar donated by the end of this month up to an additional $1,000,000!
Help us meet the $3,000,000 goal by donating to Coin Center today! There’s not much time left - to be matched by Kraken, donations must be received by 11:59 pm Eastern Time on May 31 2018. Donations to Coin Center are accepted at their donation page in Bitcoin, Ether, and Credit Card.
Donate to Coin Center here: http://coincenter.org/donate
We hope you will consider a donation to Coin Center today - as the popularity of digital assets grows, so does the need for greater advocacy and education, so there is no more important time than now to help ensure that digital assets are sensibly regulated in a way that protects consumers without unnecessarily hindering growth.
Thank You
The Kraken Team
May 29, 2018, 11:50:34 AM
Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!
Joking aside they are in a very shitty situation, they basically don't have a government!
Like in the past 10 years basically? I can tell you this since I'm Italian (and I agree on food and please, WINE). My bet is, next first minister, Mario Draghi and btc to $30k
May 29, 2018, 11:49:15 AM
Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!
Joking aside they are in a very shitty situation, they basically don't have a government!
no government does not sound like a shitty situation to me
May 29, 2018, 11:48:10 AM
Joking aside they are in a very shitty situation, they basically don't have a government!
Are you sure that isn't the opposite of a problem?
May 29, 2018, 11:43:27 AM
Shall we buy Italy with bitcoins? a part of it? They have excellent food over there.
Joking aside they are in a very shitty situation, they basically don't have a government!
Joking aside they are in a very shitty situation, they basically don't have a government!
May 29, 2018, 11:41:58 AM
Good afternoon Bitcoinland
Finally back in civilization (Playa del Carmen) after 2 weeks without phone or internet access in the jungle. Seems the hombre who provides the local internet service was away because his mother died and when a power outage crashed his system there was nobody to restart it.
I see the price has continued to slide since I left Canada and while it isn't as bad as during the winter, it's perilously close to $7k... currently $7228USD/$9397CAD (Bitcoinaverage).
Being under 5 digits CAD is depressing. Hopefully it'll pick up after I head north.
Finally back in civilization (Playa del Carmen) after 2 weeks without phone or internet access in the jungle. Seems the hombre who provides the local internet service was away because his mother died and when a power outage crashed his system there was nobody to restart it.
I see the price has continued to slide since I left Canada and while it isn't as bad as during the winter, it's perilously close to $7k... currently $7228USD/$9397CAD (Bitcoinaverage).
Being under 5 digits CAD is depressing. Hopefully it'll pick up after I head north.
You buying some when you get back? or what would be your "sufficient of enough dip" price point to buy?
May 29, 2018, 11:38:29 AM
Italy panic over, normal selling will resume shortly.
If this is true though, it will show us something very interesting. I have been trying to figure out lately whether the market is viewing bitcoin as another tech stock or a flight to liquidity style asset. It would appear that it's both. It seems that bitcoin likes either extreme and dislikes a status quo future.
May 29, 2018, 11:20:17 AM
So when does what is going on in Italy become the next crypto trigger? Cyprus 2? Two year Italian government debt is down 5% since Monday morning, that's enormous in govt bond terms.
Now who owns all that government debt I wonder?
editNow who owns all that government debt I wonder?
French banks own a huge pile
https://wolfstreet.com/2018/05/27/which-banks-are-most-exposed-to-italys-sovereign-debt-other-than-the-horribly-exposed-italian-banks/
check the counter lols
https://www.nationaldebtclocks.org/debtclock/italy
May 29, 2018, 11:09:18 AM
Will this be another dead cat bounce, is the question?
My gut says "Yeah, this is another dead cat bounce, and we'll be plumbing $6,500 by Friday"
I hope I'm very very wrong.
I believe we're still headed down, but not terribly so.
You'll have to skimp on your lifestyle for a few months, maybe.
Which means - easy with that 500$ whiskey. Stick to $10 beers and $40 wines for a while...
May 29, 2018, 11:05:49 AM
Italy crisis hurting banks...
should we put together a collection?
Latest evidence [last 6 months] suggests bitcoin is not the new gold. If anything (with a few analysts pointing out that) bitcoin is a hyper charged high risk high return asset ahead of stock market
Which means, bitcoin is negatively correlated to VIX and ahead of [negative] VIX. (observed earlier this year)
If this relationship holds that would mean if we're to see a global financial crisis worse than 2008 later this year in Q4, btc is going to $1K before that.
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