Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21674. (Read 26623524 times)
May 21, 2015, 07:09:29 AM
why are we not at 150 yet
May 21, 2015, 06:57:43 AM
May 21, 2015, 06:35:49 AM
The last halving occurred on 2012-11-28. The only remarkable thing that the price did at the time was to remain constant for the next five weeks.
This made me chuckle, very subtle humor
May 21, 2015, 06:34:19 AM
we all saw the massive swing the last time block reward was cut in two.
The last halving occurred on 2012-11-28. The only remarkable thing that the price did at the time was to remain constant for the next five weeks. Then on 2013-01-05 or thereabouts a rally started, that peaked in April.
Considering that other similar rallies occurred at other times, and that BTC-China (which had just recruited Bobby Lee as their CEO) apparently led that rally, it does not seem likely that it was connected to the halving at all.
May 21, 2015, 06:32:29 AM
...ideally (from their perspective) a quasi-walled garden which only authorised participants (banks and payments agents) can access - they can then use blockchain tech to deliver many of the cost saving benefits of bitcoin to themselves and some to the customer base. A closed loop blockchain is perfectly feasible for the financial sector to implement. It would be centralised to the effect that it would be operated only by one industry - but decentralised in that each firm would keep a copy of the ledger and there would be multiple copies.
They don't need a blockchain for that, in fact that would just make it more cumbersome and expensive for them. They could use distributed databases for that. And that could have been implemented a long time ago. Somehow financial institutions don't want a copy of their ledger of customer transactions to exist on servers of other institutions, can't think of a reason why, though
A blockchain is useful when you want to achieve a decentralized timestamping consesus by participants who don't want to have to trust each other. If your consensus mechanism is just a board of directors in a room somewhere, you don't need any of that.
May 21, 2015, 06:29:02 AM
Get ready for a rally...245 today or tomorrow IMHO!
May 21, 2015, 06:25:06 AM
no.
May 21, 2015, 06:23:17 AM
Pathetic dump attempt on Finex. Now that you bears got that out of your system, can we please continue with our space program?
May 21, 2015, 06:14:38 AM
Its not bullish for bitcoin - it is bullish for crypto adoption. Lawsky knows that the financial services industry will seek to create a replacement for the payments network , ideally (from their perspective) a quasi-walled garden which only authorised participants (banks and payments agents) can access
So the future of crypto is as an inter bank payment network only accessible by a few hundred or thousand players?
I think he'd be out of a job pretty rapidly then. Once it's ticking away nicely that's that.
Plenty of places for Lawsky to pocket outrageous consultancy fees before he retires to various board positions with various financial firms advising them how to make a blockchain that is more fit for payments purposes than bitcoin, or for asset management, etc etc.
They surely can hire, do you really think IBM MS Oracle etc... couldn't think of a distributed blockchain before Satoshi? They most probably did but the problem is coming up with a way to monetize on it. Satoshi was the first one to give it up to the public mostly free (minus the blocks he mined at the start).
Step 1 Create blockchain
Step 2
Step 3 $$$money$$$
May 21, 2015, 05:57:51 AM
Ok, I've just spoken to the Norwegian tax authorities about how to classify my Bitcoin mining business and they've basically sent it back to me and asked how they do it in other countries(?!?!?!). Do any of you know what industry code / tax bracket a bitcoin mining business registers under in your country?
Lel are you actually asking how to be taxed?! Wtf is wrong with you people.
Not wanting to go to jail?
ah yea jail for your pocket mining money.. bad bad sheep! worst than peadophiles or all the tax evading millionaires XD
May 21, 2015, 05:57:40 AM
May 21, 2015, 05:55:49 AM
Plenty of places for Lawsky to pocket outrageous consultancy fees before he retires to various board positions with various financial firms advising them how to make a blockchain that is more fit for payments purposes than bitcoin, or for asset management, etc etc.
He's an attorney not a dev.
yes and the finance industry doesn't need advice on regulation and legal implications.
Coindesk article says he will not be advising any companise that are regulated by NYDFS, which sounds like any company that would be affected by the BitLicense ... hmmmm
Quote
Notably, a source told that publication that Lawsky has no intention of working with companies that the NYDFS regulates, a list which would likely include a number of US-based bitcoin startups serving New York.
Also says he is leaving at end of June, and they are still going with end of May target for Bitlicense
Quote
When reached for comment, a spokesperson for the NYDFS said that the agency still anticipates releasing the final version of the BitLicense before the end of May
Thats only 10 days away, so you'd have thought they would know if the target was more or less achievable by now
http://www.coindesk.com/lawsky-consult-digital-currency-nydfs/
May 21, 2015, 05:50:28 AM
Plenty of places for Lawsky to pocket outrageous consultancy fees before he retires to various board positions with various financial firms advising them how to make a blockchain that is more fit for payments purposes than bitcoin, or for asset management, etc etc.
He's an attorney not a dev.
yes and the finance industry doesn't need advice on regulation and legal implications.
I was referring to the bold part.
May 21, 2015, 05:48:38 AM
Plenty of places for Lawsky to pocket outrageous consultancy fees before he retires to various board positions with various financial firms advising them how to make a blockchain that is more fit for payments purposes than bitcoin, or for asset management, etc etc.
He's an attorney not a dev.
yes and the finance industry doesn't need advice on regulation and legal implications.
May 21, 2015, 05:47:00 AM
Plenty of places for Lawsky to pocket outrageous consultancy fees before he retires to various board positions with various financial firms advising them how to make a blockchain that is more fit for payments purposes than bitcoin, or for asset management, etc etc.
He's an attorney not a dev.
May 21, 2015, 05:40:04 AM
Its not bullish for bitcoin - it is bullish for crypto adoption. Lawsky knows that the financial services industry will seek to create a replacement for the payments network , ideally (from their perspective) a quasi-walled garden which only authorised participants (banks and payments agents) can access
So the future of crypto is as an inter bank payment network only accessible by a few hundred or thousand players?
I think he'd be out of a job pretty rapidly then. Once it's ticking away nicely that's that.
Plenty of places for Lawsky to pocket outrageous consultancy fees before he retires to various board positions with various financial firms advising them how to make a blockchain that is more fit for payments purposes than bitcoin, or for asset management, etc etc.
May 21, 2015, 05:38:18 AM
Ok, I've just spoken to the Norwegian tax authorities about how to classify my Bitcoin mining business and they've basically sent it back to me and asked how they do it in other countries(?!?!?!). Do any of you know what industry code / tax bracket a bitcoin mining business registers under in your country?
Lel are you actually asking how to be taxed?! Wtf is wrong with you people.
Not wanting to go to jail?
May 21, 2015, 05:36:46 AM
Its not bullish for bitcoin - it is bullish for crypto adoption. Lawsky knows that the financial services industry will seek to create a replacement for the payments network , ideally (from their perspective) a quasi-walled garden which only authorised participants (banks and payments agents) can access
So the future of crypto is as an inter bank payment network only accessible by a few hundred or thousand players?
I think he'd be out of a job pretty rapidly then. Once it's ticking away nicely that's that.
May 21, 2015, 05:23:37 AM
Ok, I've just spoken to the Norwegian tax authorities about how to classify my Bitcoin mining business and they've basically sent it back to me and asked how they do it in other countries(?!?!?!). Do any of you know what industry code / tax bracket a bitcoin mining business registers under in your country?
Lel are you actually asking how to be taxed?! Wtf is wrong with you people.
May 21, 2015, 05:08:27 AM
yes, excellent opportunity to sell.
Why the hell would anybody be happy to sell now?
It'd be awful trading to sell now, if you're going to sell at least wait until there's some good news & a subsequent pump.
Come on tarmi you're not going to convince people to sell at this price, you'll have to get your cheap coins another way.
If anything I'd say now is a great opportunity to buy, you bears have failed to take us below 230 for any sustained period, we may have already reached the bottom.
I remember not too long ago when a price below $300 was simply unacceptable. Everyone was thinking that there was an unknown form of energy involved in keeping it above $300. I remember when the delusional bulls were eating that wall like it was made out of chocolate and vanilla.
People live on short memory. It looks like $200 is the new trend and it's just a matter of time before they will get to accommodate with little above $100. Time is passing by and i still don't see the user base growing significantly.
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