Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21827. (Read 26608198 times)

Coin
Explanation

Lol! Chocula is 1 inch from the ignore list  

But, but... It's a GAZ Volga.... GAZillionaire.... believe me, it's very funny. A funny joke. Made by me. Very funny.

Better ask Jorge.

Yup. And you have to replace wheels every 7500 miles. A steal at an extra $60,000.

I think the price difference between the South African exchange and other exchanges is because it is a SA monopoly exchange. It's difficult to do arbitrage. The original post on reddit about this difference was from a SA guy.

If you want krugerrand for some of your bitcoins today, this is an opportunity. Just hook up with a trusted krugerrand dealer in SA, sell your coins to the local exchange, send local SA currency to the gold dealer, and receive the krugerrands in the mail  

The tyres on those things are $22,000 a piece.

They have their Bugatti Veyrons flown to their favourite roads and then pootle up and down them for a few minutes. Then they fly their Bugatti home because it's cheaper than driving it.

Gazillionaires drive?

I thought they could afford chauffeurs.

Better to keep it as a guilty secret.

This starts to explain the Schadenfreude. It's personal for Jorge.

2fitty by Monday AM.

Time for a test of $240? 

I only skimmed through them, yeah.  What exactly is your problem with posting that news here?

(1) 297 $/BTC is not as high as 350 $/BTC at OTCQX, but it is more relevant to this egregious forum, being a quote for real BTC at a real exchange;

(2) If the comments that I read are correct, that ponzi must be about to collapse, that must be the reason why they required that emergency payment in bitcoin.  Then soon there will be thousands of South Africans as angry as hornets whose nest has been busted.  Bitcoin will be right in the middle of it.


When I first heard of bitcoin, around Nov/2013, a really huge MLM scheme called TelexFree had just collapsed here in Brazil, costing over a billion dollars to millions of victims.  My first reaction (and of many other people) to bitcoin was "oh no, here we go again, another TelexFree".

OK,  OK, bitcoin is not just another Telexfree.  Unlike TelexFree, bitcoin was not meant to be a pyramid scam.  Unlike TelexFree (that sold some worthless VOIP phone cards), bitcoin is a serious technical project that was expected to work and be terribly useful.  However, bitcoin has now become primarily gambling game ("day trading" to its players) and a pyramid schema (that moves money from the pockets of people who buy BTC today to the pockets of the early adopters); its orginal goal being now only an excuse used to attract investors.  The latter is basically what Bitcoin is in Brazil.  I don't mind gambling, as long as everyone knows that what they are doing is gambling; but I would like to see every pyramid scammer behind bars.  Is this such a bizarre wish?

By the way, the creator of the very first Brazilian exchange (MercadoBR) also created a bitcoin ponzi called "Bitcoin Rain" that promised ~10% return on (bitcon) investments per month, supposedly to be made in arbitrage between international exchanges.  Of course, the payoffs to early investors all came from new investors money.  When that Ponzi collapsed, the owner claimed a hacker had stolen everything (several thousand BTC from Brazilian investors) and that was it.  The owner claims to have sold the MercadoBR to new owners, who of course refuse to be responsible for the BitcoinRain losses.

Coin
Explanation

Am I the only one thinking this?


no you are not! dude:)

and money is limitless.

yawn..

Holy shit.

This is what a gazillionaire drives:

HA HA HA
I laugh every time very loud when i read the words in his signature.

"Academic interest in bitcoin only. Not owner, not trader, very skeptical of its long term success."

LoL


But about ponzi seems interesting ...

Here's some more footage that you can kill some time with.

Bitcoin Interview with Ron Paul and Coin.mx - Part 1
https://www.youtube.com/watch?t=193&v=68CYs5ZpIxQ

Part 2
https://www.youtube.com/watch?v=maUT7MKGUeM