Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 17438. (Read 26710163 times)

Quote from: Ibian on April 06, 2017, 12:50:09 PM

where else is going through what venezuela is?

All of europe and the states and australia and japan. China has its own problems. Venezuela is just ahead of the curve.

I am curious about Japan first. They had been on ZIRP or close to it for at least 2 decades.
A pop in interest rates might be very painful there.
Therefore, legalization of bitcoin and hundreds of thou or merchants accepting it by summer might be considered as building a possible safety net.

They have about the highest debt to gdp of any of the troubled countries. But they don't have millions of unwashed welfare immigrants to deal with, and they are intelligent. Will not be the first to drop.

Biodom

legendary

Activity: 3990

Merit: 4597

where else is going through what venezuela is?

All of europe and the states and australia and japan. China has its own problems. Venezuela is just ahead of the curve.

I am curious about Japan first. They had been on ZIRP or close to it for at least 2 decades.
A pop in interest rates might be very painful there.
Therefore, legalization of bitcoin and hundreds of thou or merchants accepting it by summer might be considered as building a possible safety net.

Ibian

legendary

Activity: 2268

Merit: 1278

Quote from: Elwar on April 06, 2017, 08:19:47 AM

where else is going through what venezuela is?

All of europe and the states and australia and japan. China has its own problems. Venezuela is just ahead of the curve.

afbitcoins

legendary

Activity: 2101

Merit: 1061

This might be my best blog post I humbly think.

Bitcoin Introspection

https://afbitcoins.wordpress.com/2017/04/06/bitcoin-introspection/

edit: Please have a read. I elaborate the problems with onchain and offchain scaling and what I view to be the solution.

gembitz

hero member

Activity: 1848

Merit: 640

*Brute force will solve any Bitcoin problem*

Quote from: deepcolderwallet on April 06, 2017, 06:59:26 AM

Venezuela is the best sky-open laboratory Bitcoin could ever have. It shows how cryptocurrencies will take place in case of economic blackout. I'm from Brasil and we are close watching our neighbor's situation, and Bitcoin has been a relief to people because of the risk of buying physical dollars. More than that, as energy is subsided, it's cheap to mine there, although it's very risky, since govmt has shut down several mining facilities and arrested people with unreal charges...

They catch people because of high electricity usage.

Too bad they don't have Lightning Network yet, they could run a node and not worry about the police.

LN is the silver bullet? lmfao :-D suuuure brah

tk3609

member

Activity: 70

Merit: 10

Small trader

Quote from: deepcolderwallet on April 06, 2017, 12:31:48 PM

where else is going through what venezuela is?

good luck jimbo, come back stronger & better!

The situation in Venezuela is result of "easy life" the ordinary latin americans generally look for. Here in Brasil the same thing risked to happen four elections in a row when people chose the labor party commanded by Lula and Dilma. The difference is that the entrepreneur class is stronger within politics and Dilma was impeached before things could get out of control, but we were toward the same direction. Still our economy has not recovered from 13 years under labor party rules. Leftists find uneducated people struggling to survive and desperate to get rid from the same entrepreneur class that saved the economy but usually enslaves the population. So promises of easy state-controlled life is happily swallowed and people elects left parties. Venezuela decline started with Hugo Chavez, and now democracy is gone and no hope is left for that population.

To think that western societies actually believe in that shit. But I guess you need to feel marxism on your own skin before you open your eyes

deepcolderwallet

full member

Activity: 294

Merit: 103

Quote from: Elwar on April 06, 2017, 08:19:47 AM

where else is going through what venezuela is?

good luck jimbo, come back stronger & better!

The situation in Venezuela is result of "easy life" the ordinary latin americans generally look for. Here in Brasil the same thing risked to happen four elections in a row when people chose the labor party commanded by Lula and Dilma. The difference is that the entrepreneur class is stronger within politics and Dilma was impeached before things could get out of control, but we were toward the same direction. Still our economy has not recovered from 13 years under labor party rules. Leftists find uneducated people struggling to survive and desperate to get rid from the same entrepreneur class that saved the economy but usually enslaves the population. So promises of easy state-controlled life is happily swallowed and people elects left parties. Venezuela decline started with Hugo Chavez, and now democracy is gone and no hope is left for that population.

deepcolderwallet

full member

Activity: 294

Merit: 103

Quote from: deepcolderwallet on April 06, 2017, 06:59:26 AM

Venezuela is the best sky-open laboratory Bitcoin could ever have. It shows how cryptocurrencies will take place in case of economic blackout. I'm from Brasil and we are close watching our neighbor's situation, and Bitcoin has been a relief to people because of the risk of buying physical dollars. More than that, as energy is subsided, it's cheap to mine there, although it's very risky, since govmt has shut down several mining facilities and arrested people with unreal charges...

They catch people because of high electricity usage.

Too bad they don't have Lightning Network yet, they could run a node and not worry about the police.

Actually the charges are because electricity stealing and an unexplained "cyber fraud". Though electricity stealing in some cases is a fake charge, because there was no proof people were not paying the bill...

http://www.diariobitcoin.com/index.php/2017/01/28/desmantelaron-mina-bitcoin-con-11-mil-equipos-en-venezuela-pais-donde-la-moneda-es-mas-fuerte-que-nunca/

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: patrisorvieto on April 06, 2017, 10:14:53 AM

Quote from: Unacceptable on April 06, 2017, 05:08:11 AM

Is Bitcoin still broken?

Yep, it only works perfectly for 10M people right now.

Poor Bitcoin... Cry

Perfectly???

I'm really a Bitcoin supporter, but I can't say that is working perfeclty.

I sent a transaction 10 hours ago with average fee and for now i have 0 conformations.

For now Bitcoin is like the best racing car in the world with gasoline mixed with water in the tank.

True. I sent 4 transactions the other day with the minimum fee. First went through within the hour, the other three I kept checking before I finally went to sleep. Woke up and they still had 0 confirmations. Came home from work and finally they had started going through.

I wasn't in any rush really, moving bitcoins to cold storage. But as someone who likes spending my bitcoins at places and for a lot of things, I hope things get better.

Though, worst case scenario is that people stop moving bitcoins...which clears up transactions allowing people to move bitcoins...and then they stop moving bitcoins...etc...

JayJuanGee

legendary

Activity: 3948

Merit: 11416

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

Quote from: JayJuanGee on April 05, 2017, 08:02:08 AM

[edited out]

Yada,yada,yad,yada..................you really like to yak huh?? Cheesy

I personally hope Bitcoin fails,it has already been taken over & there is nothing ANY of you private miners can do about it...THAT is what I was saying Roll Eyes

In other words, you are not really saying much of anything, except possibly chiming in with some of your own wishful conclusions.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: york780 on April 06, 2017, 10:19:04 AM

good luck jimbo, come back stronger & better!

Thanx Edgar. I'm already back home.

It was no big thing, just a surface debridement to remove necrotic tissue from an infected shin wound and improve healing.

I sometimes forget I'm almost 70 and should probably slow down my rough-and-tumble sex&~~drugs~~herbs&rock&roll lifestyle. It's just that I'm having way too much fun for that.

Is Bitcoin still broken?

Yep, it only works perfectly for 10M people right now.

Poor Bitcoin... Cry

~~Perma bull~~ Realist gonna be ~~perma bull~~ realist. Roll Eyes

ftfy

lightfoot

legendary

Activity: 3220

Merit: 2334

I fix broken miners. And make holes in teeth :-)

LTC is at $12, Bitcoin at $1170, and I have more work requests coming in for fixing miners.

Wheee!

york780

sr. member

Activity: 392

Merit: 250

Is Bitcoin still broken?

Yep, it only works perfectly for 10M people right now.

Poor Bitcoin... Cry

Perma bull gonna be perma bull. Roll Eyes

patrisorvieto

newbie

Activity: 21

Merit: 0