Coin
Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21864. (Read 26609531 times)
April 29, 2015, 07:58:05 AM
April 29, 2015, 07:57:17 AM
http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201504290300HUGIN___EUPRX____HUG1916185-1
XBT Provider Launches World's First Bitcoin Exchange Traded Note on Nasdaq Stockholm
XBT Provider Launches World's First Bitcoin Exchange Traded Note on Nasdaq Stockholm
This is awsome. They launch may 18.th.
This is very exciting, go Stockholm!
A lot of good news lately, prepare for the price to crash!
April 29, 2015, 07:50:15 AM
http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201504290300HUGIN___EUPRX____HUG1916185-1
XBT Provider Launches World's First Bitcoin Exchange Traded Note on Nasdaq Stockholm
XBT Provider Launches World's First Bitcoin Exchange Traded Note on Nasdaq Stockholm
This is awsome. They launch may 18.th.
Has someone a short summary of how this is different to an ETF or other fund? I understand that Nasdaq Stockholm is some sort of Swedish subsidiary of the Nasdaq!? What are the exact implications of this and why are they able to get this running so rather quickly?
It's an Exchange Traded Note.
http://www.investopedia.com/terms/e/etn.asp
So I think value depends on the credibility of the body who issued it. You're buying the promise of a coin from a third party.
April 29, 2015, 07:45:07 AM
http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201504290300HUGIN___EUPRX____HUG1916185-1
XBT Provider Launches World's First Bitcoin Exchange Traded Note on Nasdaq Stockholm
XBT Provider Launches World's First Bitcoin Exchange Traded Note on Nasdaq Stockholm
This is awsome. They launch may 18.th.
Has someone a short summary of how this is different to an ETF or other fund? I understand that Nasdaq Stockholm is some sort of Swedish subsidiary of the Nasdaq!? What are the exact implications of this and why are they able to get this running so rather quickly?
April 29, 2015, 07:44:42 AM
You should probably also include this paragraph from the same blog post which shows that this data is inferred and not definite or published by Bitpay. [ ... ] Basically if you're going to claim to do "serious data analysis" at least point out the reliability of the raw data and give proper credit to the creator of the charts.
If you read carefully that blog post, you will learn who was the creator of those plots and the author of most of the text in it.
I don't recall whether I posted those plots on reddit or here or on both places, but that full explanation was attached to the plots at the time.
At the bottom of the page is the text
Quote
This entry was posted in Bitcoin, Cryptocurrency, E-commerce, Economics by Tim Swanson. Bookmark the permalink.
However I didn't check reddit and I can see there that you were the reddit author so fair enough
The raw data is still "inferred from the blockchain by an undisclosed heuristic that is supposed to identify addresses belonging to the same owner" so isn't reliable enough for "serious data analysis" (in my opinion at least).
Edit : Where's my facepalm ? I'm sure it's deserved in part lol
April 29, 2015, 07:38:42 AM
Basically if you're going to claim to do "serious data analysis" at least point out the reliability of the raw data and give proper credit to the creator of the charts.
Modern scientists do not use raw data, they use editorialised data that supports their conclusion.
Just look at the global warming myth.
http://img3.wikia.nocookie.net/__cb20120922215052/creepypasta/images/a/ab/Jesus_facepalm.jpg
http://img4.wikia.nocookie.net/__cb20141222232555/glee/images/1/11/Turbo_facepalm_by_specialvore-d69viv5.pnghttp://www.facepalm.su/wp-content/gallery/double-facepalm-1/quadruple_facepalm.jpg
http://cdn.funnyhub.com/2015/jan/facepalm/facepalm37.gif
April 29, 2015, 07:35:59 AM
Basically if you're going to claim to do "serious data analysis" at least point out the reliability of the raw data and give proper credit to the creator of the charts.
Modern scientists do not use raw data, they use editorialised data that supports their conclusion.
Just look at the global warming myth.
Haha.... I nearly referenced the issue with temperature data but decided to stay away from it.
Besides, that data was deliberately manipulated.
Regarding my personal opinion I do believe in global warming.
April 29, 2015, 07:33:12 AM
Basically if you're going to claim to do "serious data analysis" at least point out the reliability of the raw data and give proper credit to the creator of the charts.
Modern scientists do not use raw data, they use editorialised data that supports their conclusion.
Just look at the global warming myth.
April 29, 2015, 07:24:11 AM
You should probably also include this paragraph from the same blog post which shows that this data is inferred and not definite or published by Bitpay. [ ... ] Basically if you're going to claim to do "serious data analysis" at least point out the reliability of the raw data and give proper credit to the creator of the charts.
If you read carefully that blog post, you will learn who was the creator of those plots and the author of most of the text in it.
I don't recall whether I posted those plots on reddit or here or on both places, but that full explanation was attached to the plots at the time.
April 29, 2015, 07:21:19 AM
http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201504290300HUGIN___EUPRX____HUG1916185-1
XBT Provider Launches World's First Bitcoin Exchange Traded Note on Nasdaq Stockholm
XBT Provider Launches World's First Bitcoin Exchange Traded Note on Nasdaq Stockholm
This is awsome. They launch may 18.th.
April 29, 2015, 07:08:15 AM
Basically if you're going to claim to do "serious data analysis" at least point out the reliability of the raw data and give proper credit to the creator of the charts.
Modern scientists do not use raw data, they use editorialised data that supports their conclusion.
Just look at the global warming myth.
April 29, 2015, 06:58:08 AM
April 29, 2015, 06:56:08 AM
No, those are PRICE ratios. Can't help if you can't understand them. And the price of bitcoin may be vaguely on-topic here, I suppose.
While bitcoin is being boring very little here is on topic.
Regarding those charts I see they are from this blog post :
http://www.ofnumbers.com/2014/12/19/are-there-changes-in-the-volume-of-retail-transactions-through-bitpay-this-past-year/
You should probably also include this paragraph from the same blog post which shows that this data is inferred and not definite or published by Bitpay. The analysis is only as good as the data and data which can be questioned should be posted with a disclaimer and not claimed to be 100% reliable.
Quote
The data for these plots comes from these pages that are claimed to show all transactions into the BitPay receiving wallet since it was created. However, the addresses that make up that “wallet” were inferred from the blockchain by an undisclosed heuristic that is supposed to identify addresses belonging to the same owner.
Link to the wallerexplorer site showing the raw assumed Bitpay transactions
https://www.walletexplorer.com/wallet/BitPay.com
Edit :
Basically if you're going to claim to do "serious data analysis" at least point out the reliability of the raw data and give proper credit to the creator of the charts.
April 29, 2015, 06:55:23 AM
An amateurs glance at the chartists seems to indicate that this weekend will be exciting
April 29, 2015, 06:41:25 AM
Jorge Stolfi, this is not how science works. You have to try to falsify your assumption that bitcoin will fail. So please focus on finding pro arguments why bitcoin is here to stay. Thanks.
April 29, 2015, 06:39:35 AM
Fidor UK current status
"Send money = In development"
"Receive money = In development"
They just gave me a fiver though which is nice
"Send money = In development"
"Receive money = In development"
They just gave me a fiver though which is nice
April 29, 2015, 06:34:09 AM
that is strong evidence that the Chinese exchanges were leading the Nov/2013 bubble, and quite probably also the Apr/2013 one. (Which, of course, has many unpleasant implications for the future price and the solidity of bitcoin funds.)
No, those are PRICE ratios. Can't help if you can't understand them. And the price of bitcoin may be vaguely on-topic here, I suppose.
Quote
Quote
Or this plot
that shows that the number of deposits per day into BitPay's receiving wallet was quite flat through most of 2014, and increased by a factor of ~3 since mid-2013; whereas this plot
shows that the bitcoin volume of those deposits has been constant at ~1000 BTC/day since Jan/2013. (Explaining these numbers is not trivial, but they definitely contradict the claims of "booming adoption", and are consistent with may other indications that usage for e-payments is stagnant at best.)
2) Bitpay is the only company in the world dealing with bitcoin or did the inclusion of other data not yield the same output as desired by you?
that shows that the number of deposits per day into BitPay's receiving wallet was quite flat through most of 2014, and increased by a factor of ~3 since mid-2013; whereas this plot
shows that the bitcoin volume of those deposits has been constant at ~1000 BTC/day since Jan/2013. (Explaining these numbers is not trivial, but they definitely contradict the claims of "booming adoption", and are consistent with may other indications that usage for e-payments is stagnant at best.)
Bitpay is still supposed to be the largest bitcoin payment processor, with over half of the total number of merchants that "accept bitcoin", including some of the biggest names like Dell. If you know where I can get similar data for Coinbase, I (and other serious students of bitcoin out there) would like to know about it. And, again, "increasing adoption" is claimed HERE all the time as one of the main reasons why the PRICE should start going up "any time now".
April 29, 2015, 06:32:43 AM
Zee Germans are coming
April 29, 2015, 06:25:56 AM
April 29, 2015, 06:25:15 AM
So in theory we could see their internal system running ripple-tech and their books being balanced by BTC transfers in the future?
I'm speculating that they could use Ripple tech to move money around internally using a network just for Western Union using what I'll call WRP (not XRP) which may save them some money. I don't know how they move money internationally at the moment but they will (I assume) have cut every corner to make it as cost effective as possible but this may allow an extra edge. To rebalance the books if they end up with too much money in their Mexico account then they may move money back to the US but using traditional methods and denominated in fiat.
I would love to see them using BTC but I doubt it would happen since it would "legitimise" the competition.
For the same reason this is why I don't think they would use the existing ripple network (so XRP) but they could use the technology.
Jump to: