So if Greece makes a deal with the EU is that good or bad for bitcoin?
A meeting is supposed to take place today in Greece on that topic.
I guess it's somewhat irrelevant. It only matters if the Greeks want bitcoin.
But the Euro declining does help people buy bitcoin. And Greece exiting the EU would help the Euro decline.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21382. (Read 26716289 times)
July 07, 2015, 12:38:19 AM
July 07, 2015, 12:35:39 AM
precipitous dump
Or a low volume dump. Of course you'll get a pullback after a big price rise, every time. There's overarching supply to be worked out of the market because of profit taking. Once it's all absorbed, whoosh back up we go. Look at the volume compared to similar moves to the left and it will give you an idea of how much gasoline is behind it.
July 07, 2015, 12:29:52 AM
precipitous dump
July 07, 2015, 12:23:19 AM
Anybody worried about this yet?
Thanksflat earth 1MB maxblocksize aficionados!
Thanks
Nah...
A Peer-to-Peer Electronic Cash System*
*A limit of less than three transactions per second occurring on planet earth may apply.
Bitcoin is not here to compete with visa. It's not here to make banking better, it's not about buying coffee or micro payments or any of that crap. It's not about mass adoption.
It's about monetary freedom.
If three transactions per second is not enough, then there will grow an ecosystem of alt coins to pick up the slack. We will see exchanges grow that allow for easy transfer of value from one coin to the next and through this multi-coin environment, we can scale without limit.
There is no solution for one chain to hold all the transactions. Any proposal that suggests compromising the security, integrity, or distributed nature of bitcoin in order to gain some kind of imaginary "adoption" is an attack and should be treated as such.
Can someone please explain this to Gavin and the other "Scientists"?
I have a sense that Gavin and some of the other like minded scientist are attempting to discuss bitcoin by use of less disruptive terms in order that BTC seems less threatening to the status quo.
Not the monetary freedom part but they have to realize that every cup of coffee and micro transaction on the planet can't possibly and shouldn't be kept in the blockchain.
July 07, 2015, 12:14:39 AM
July 07, 2015, 12:11:27 AM
Anybody worried about this yet?
Thanksflat earth 1MB maxblocksize aficionados!
Thanks
Nah...
A Peer-to-Peer Electronic Cash System*
*A limit of less than three transactions per second occurring on planet earth may apply.
Bitcoin is not here to compete with visa. It's not here to make banking better, it's not about buying coffee or micro payments or any of that crap. It's not about mass adoption.
It's about monetary freedom.
If three transactions per second is not enough, then there will grow an ecosystem of alt coins to pick up the slack. We will see exchanges grow that allow for easy transfer of value from one coin to the next and through this multi-coin environment, we can scale without limit.
There is no solution for one chain to hold all the transactions. Any proposal that suggests compromising the security, integrity, or distributed nature of bitcoin in order to gain some kind of imaginary "adoption" is an attack and should be treated as such.
Can someone please explain this to Gavin and the other "Scientists"?
I have a sense that Gavin and some of the other like minded scientist are attempting to discuss bitcoin by use of less disruptive terms in order that BTC seems less threatening to the status quo.
July 07, 2015, 12:01:47 AM
July 06, 2015, 11:52:09 PM
Anybody worried about this yet?
Thanksflat earth 1MB maxblocksize aficionados!
Thanks
Nah...
A Peer-to-Peer Electronic Cash System*
*A limit of less than three transactions per second occurring on planet earth may apply.
Bitcoin is not here to compete with visa. It's not here to make banking better, it's not about buying coffee or micro payments or any of that crap. It's not about mass adoption.
It's about monetary freedom.
If three transactions per second is not enough, then there will grow an ecosystem of alt coins to pick up the slack. We will see exchanges grow that allow for easy transfer of value from one coin to the next and through this multi-coin environment, we can scale without limit.
There is no solution for one chain to hold all the transactions. Any proposal that suggests compromising the security, integrity, or distributed nature of bitcoin in order to gain some kind of imaginary "adoption" is an attack and should be treated as such.
Can someone please explain this to Gavin and the other "Scientists"?
July 06, 2015, 11:45:24 PM
...
Bitcoin is not here to compete with visa. It's not here to make banking better, it's not about buying coffee or micro payments or any of that crap. It's not about mass adoption.
It's about monetary freedom.
If three transactions per second is not enough, then there will grow an ecosystem of alt coins to pick up the slack. We will see exchanges grow that allow for easy transfer of value from one coin to the next and through this multi-coin environment, we can scale without limit.
There is no solution for one chain to hold all the transactions. Any proposal that suggests compromising the security, integrity, or distributed nature of bitcoin in order to gain some kind of imaginary "adoption" is an attack and should be treated as such.
A fine case well argued.
July 06, 2015, 11:44:55 PM
What happens if Greek banks don't reopen tomorrow? I'm giving them only a 15% chance of opening.
Those banks can't handle even one full day of withdrawals. depositor's haircuts?
What happens after banks are closed for two weeks? Civil unrest? riots?
"OXI" on the referendum is not the end of the story. It's just getting started.
they have an ingenious idea how to fix the 'interest to infinity' debt slavery system that is broken atm .. they are going to print up some more euros and extend an emergency loan to greece but they have to promise to pay it back this time for real.. scouts honor. and then they plan to release a new fiat reserve currency which will be superior to all the rest since this new fiat reserve currency will not have cash. that will stop the bank runs once and for all. they don't need a blockchain. that would hamper their ability to steal (corruption) and to add more 1's and 0's to make more money on the fly. -5% interest rate to keep your money in the bank (like u got a choice in a cashless system). they can stretch that 'interest to infinity' debt slavery system out for at least another ten years.Those banks can't handle even one full day of withdrawals. depositor's haircuts?
What happens after banks are closed for two weeks? Civil unrest? riots?
"OXI" on the referendum is not the end of the story. It's just getting started.
Very astute. The money doesn't matter. The amount they owe it's flexible... they can negotiate.
What is most important is that they continue to owe, and they continue to pay.
It's not about dollars, or Euro, or Drachma. It's about power and control. It always is.
just like mafia ... it's all about the juice.
Don't let them get anything on ya, debt or otherwise and you'll stand a fighting chance.
It's why land/property taxes are so disgustingly immoral, there is no way to be independent and opt out.
July 06, 2015, 11:42:42 PM
Anybody worried about this yet?
Thanksflat earth 1MB maxblocksize aficionados!
Thanks
Nah...
A Peer-to-Peer Electronic Cash System*
*A limit of less than three transactions per second occurring on planet earth may apply.
Bitcoin is not here to compete with visa. It's not here to make banking better, it's not about buying coffee or micro payments or any of that crap. It's not about mass adoption.
It's about monetary freedom.
If three transactions per second is not enough, then there will grow an ecosystem of alt coins to pick up the slack. We will see exchanges grow that allow for easy transfer of value from one coin to the next and through this multi-coin environment, we can scale without limit.
There is no solution for one chain to hold all the transactions. Any proposal that suggests compromising the security, integrity, or distributed nature of bitcoin in order to gain some kind of imaginary "adoption" is an attack and should be treated as such.
amen
July 06, 2015, 11:34:18 PM
Anybody worried about this yet?
Thanksflat earth 1MB maxblocksize aficionados!
Thanks
Nah...
A Peer-to-Peer Electronic Cash System*
*A limit of less than three transactions per second occurring on planet earth may apply.
Bitcoin is not here to compete with visa. It's not here to make banking better, it's not about buying coffee or micro payments or any of that crap. It's not about mass adoption.
It's about monetary freedom.
If three transactions per second is not enough, then there will grow an ecosystem of alt coins to pick up the slack. We will see exchanges grow that allow for easy transfer of value from one coin to the next and through this multi-coin environment, we can scale without limit.
There is no solution for one chain to hold all the transactions. Any proposal that suggests compromising the security, integrity, or distributed nature of bitcoin in order to gain some kind of imaginary "adoption" is an attack and should be treated as such.
July 06, 2015, 11:18:33 PM
What happens if Greek banks don't reopen tomorrow? I'm giving them only a 15% chance of opening.
Those banks can't handle even one full day of withdrawals. depositor's haircuts?
What happens after banks are closed for two weeks? Civil unrest? riots?
"OXI" on the referendum is not the end of the story. It's just getting started.
they have an ingenious idea how to fix the 'interest to infinity' debt slavery system that is broken atm .. they are going to print up some more euros and extend an emergency loan to greece but they have to promise to pay it back this time for real.. scouts honor. and then they plan to release a new fiat reserve currency which will be superior to all the rest since this new fiat reserve currency will not have cash. that will stop the bank runs once and for all. they don't need a blockchain. that would hamper their ability to steal (corruption) and to add more 1's and 0's to make more money on the fly. -5% interest rate to keep your money in the bank (like u got a choice in a cashless system). they can stretch that 'interest to infinity' debt slavery system out for at least another ten years.Those banks can't handle even one full day of withdrawals. depositor's haircuts?
What happens after banks are closed for two weeks? Civil unrest? riots?
"OXI" on the referendum is not the end of the story. It's just getting started.
Very astute. The money doesn't matter. The amount they owe, it's flexible... they can negotiate.
What is most important is that they continue to owe, and they continue to pay.
It's not about dollars, or Euro, or Drachma. It's about power and control. It always is.
July 06, 2015, 11:16:25 PM
Anybody worried about this yet?
Thanksflat earth 1MB maxblocksize aficionados!
Thanks
Nah...
A Peer-to-Peer Electronic Cash System*
*A limit of less than three transactions per second occurring on planet earth may apply.
July 06, 2015, 11:10:06 PM
See? Told ya we'd bounce off of $270. Next stop, $284.
when's this happenen ?? did you hear that everybody ?? next stop is $284 ?? we're not sure when though . it cant be tonight because china is locked out of bitcoin... lol.... imagine that . they are not allowed to panic into bitcoin. they will be crushed...... while we "all of us" who still have our exchanges open will be $284 .... this is more than the 'chinese panic', this is the 'chinese lockout' .
July 06, 2015, 11:07:06 PM
See? Told ya we'd bounce off of $270. Next stop, $284.
We will probably get a little bigger retrace, placing bids between 265-262.
Chart + reasoning: https://bitcointalksearch.org/topic/m.11809699
July 06, 2015, 11:02:46 PM
Anybody worried about this yet?
Thanksflat earth 1MB maxblocksize aficionados!
Thanks
Nah...
July 06, 2015, 11:01:48 PM
July 06, 2015, 10:43:35 PM
What happens if Greek banks don't reopen tomorrow? I'm giving them only a 15% chance of opening.
Those banks can't handle even one full day of withdrawals. depositor's haircuts?
What happens after banks are closed for two weeks? Civil unrest? riots?
"OXI" on the referendum is not the end of the story. It's just getting started.
Those banks can't handle even one full day of withdrawals. depositor's haircuts?
What happens after banks are closed for two weeks? Civil unrest? riots?
"OXI" on the referendum is not the end of the story. It's just getting started.
Greek banks will be closed tomorrow.
And in the mean time idiot dumpers keeps dumping.
Hello idiot dumpers buying back above.
Can you believe there are still people dumping?
It's my view that the dumpsters are people wanting to cash out. They don't want to do it below $220, they do it when the price goes above. Early adopters who need/want fiat.
July 06, 2015, 10:39:25 PM
$270 seems to be holding.
Actually we reached $268 - $267.
I don't know why we are having much resistance to pass the $280 - $300 level.
yes, its a real mystery .
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