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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22402. (Read 26608543 times)

hero member
Activity: 1011
Merit: 721
Decentralize everything

Whoah! that's great! Looks like we have been in their scope; what's next? Implementing crypto in their banks?

We can only hope Smiley updated my post with some additional info
legendary
Activity: 1218
Merit: 1000
Nice hidden buy order at 274 on Finex
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
The UK Treasury has released its latest report on the Bitcoin/crypto (haven't had a chance to read it yet though):

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/414040/digital_currencies_response_to_call_for_information_final_changes.pdf

Code:
4.7 The government recognises that the technology associated with digital currencies offers
considerable promise, making it possible for users to transfer value (or other information)
quickly, efficiently and securely, providing a permanent record of what has taken place, and
without the need for a trusted third party to oversee the process. In response, the government is
launching a new research initiative which will bring together the Research Councils, Alan Turing
Institute and Digital Catapult with industry in order to address the research opportunities and
challenges for digital currency technology, and will increase research funding in this area by £10
million to support this.
 
4.8 In addition, in February 2015, the Bank of England announced it will undertake research on
central bank-issued digital currencies as part of its new research agenda. This work covers the
potential costs and benefits of doing so as well as the economic impact, technolog

Whoah! that's great! Looks like we have been in their scope; what's next? Implementing crypto in their banks?
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
Fuck off Stolfi, you're a turd in the swimming pool.
Fuck off yourself.  At least Stolfi has some interesting arguments from time to time, even if I usually disagree with them.
You are just a disgrace for the community.
member
Activity: 112
Merit: 10
...
Do you know who the evolution admins were?

They were admins of a credit card fraud forum so I think its safe to say they weren't exactly pillars of the community in the first place.

Well, Bitcoin community...
hero member
Activity: 798
Merit: 1000
Lets not forget that [ the Evolution thieves ] stole from drugs and arms dealers too....this isn't exactly nice Mt. Gox trading businesses that they stole from...

However, the thieves may be mobsters themselves.  They could refund damages of "colleagues", but may just show the Varoufakis Finger to rivals and small crooks.

Do you know who the evolution admins were?

They were admins of a credit card fraud forum so I think its safe to say they weren't exactly pillars of the community in the first place.
hero member
Activity: 1011
Merit: 721
Decentralize everything
The UK Treasury has released its latest report on the Bitcoin/crypto (haven't had a chance to read it yet though):

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/414040/digital_currencies_response_to_call_for_information_final_changes.pdf

And a token mention of Bitcoin hidden away in the 2015 budget report:

Quote
2.215 Digital Currencies - The government is today announcing its intention to apply anti-money laundering regulation to digital currency exchanges in the UK, to support innovation and prevent criminal use. The government is also launching a new research initiative which will bring together the research councils, Alan Turing Institute and Digital Catapult with industry in order to address the research opportunities and challenges for digital currency technology, and will increase research funding in this area by £10 million to support this. Finally, the government will work with the British Standards Institution and the digital currency industry to develop voluntary standards for consumer protection.
hero member
Activity: 910
Merit: 1003
Lets not forget that [ the Evolution thieves ] stole from drugs and arms dealers too....this isn't exactly nice Mt. Gox trading businesses that they stole from...

However, the thieves may be mobsters themselves.  They could refund damages of "colleagues", but may just show the Varoufakis Finger to rivals and small crooks.
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
...
Nice healthy pullback.
...

I suspect the pullbacks will only get healthier as more & more Bitcoiners realize their magik tokens are worthless for buying drugs.
There's simply not enough demand for terrorists and child pornography to support Bitcoin's current price.


Or is there?

http://www.coindesk.com/overstock-reveals-items-most-often-bought-with-bitcoin/

Quote
Bagley told CoinDesk:

“The only thing that makes that list interesting is the fact that it’s so unremarkable. I guess bitcoiners are regular people.”


That is utterly wrong! No such thing as "regularity" here. The only closer to this is "regulation" which is yet to be seen any time soon...  Grin
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
member
Activity: 112
Merit: 10
...
How long until you get this account (created on the same day as NLC) banned for droning on about child pornography, too? ...

How could you possibly know that The Lamb was banned?  Unless... you are The Lamb?!
A fiendish ploy: pretending to be anti-Lamb, but being so horrible at it as to make The Lamb appear even more glorious and triumphant Angry
hero member
Activity: 910
Merit: 1003
*Invertible bloom filters - proposal by Gavin addresses this issue (incentive)

I read a write-up of Gavin's proposal, some months ago, but it did not seem to have been thoroughly thought of yet at the time.   From what I understood, I thought that a malicious miner could broadcast non-invertible filters and make honest miners waste time waiting for the actual data to show up, and thus gain some advantage.  I don't know whether all potential attacks, like this one, were considered and excluded.
legendary
Activity: 1176
Merit: 1000
...
Nice healthy pullback.
...

I suspect the pullbacks will only get healthier as more & more Bitcoiners realize their magik tokens are worthless for buying drugs.
There's simply not enough demand for terrorists and child pornography to support Bitcoin's current price.


Or is there?

How long until you get this account (created on the same day as NLC) banned for droning on about child pornography, too?

Telling that you have returned to post on the only price weakness for weeks. This place was far friendlier with without you in it.
In the real world being an unpleasant sinister piece of work disliked somewhere means you stay away. Take the hint.

member
Activity: 112
Merit: 10
...
Nice healthy pullback.
...

I suspect the pullbacks will only get healthier as more & more Bitcoiners realize their magik tokens are worthless for buying drugs.
There's simply not enough demand for terrorists and child pornography to support Bitcoin's current price.


Or is there?

http://www.coindesk.com/overstock-reveals-items-most-often-bought-with-bitcoin/

Sure.  And to buy dope from a local bodega, you got to buy a candy bar too.

Also https://bitcointalksearch.org/topic/cointelegraph-writer-arrested-935202

hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista
Bitcoin actually super healthy. Everyone back in quick!!

Please stop trolling, thx.

Dont think that will happen. The only ones to get upset are the permabulls, and trolling them is like poking a pointy stick into a sack of puppies. No matter how often you do it, you will always get the same reaction. And if you stop, LFC_bitcoin will wonder why you have stopped.

The troll-permabull dynamic is one of the more entertaining aspects of this thread. Market insight certainly isn't.  Grin
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 1232
Merit: 1011
Sweet, I can buy much more then too Cheesy

Our internal indicators are flashing.  Guess I would be buying right now.


my internal indicators are flashing too.

"poor trader" warning is issued.

Nice healthy pullback.

What is interesting is that shorters are closing contracts not longs. So the big sells driving this are actual coins being sold rather than closed leveraged longs. Seems like a short term dip.

Tarmi have you finally made some money on this 20 dollar move? Does it make up for your recent disasters? Smiley



didn't close any of my short positions. my greed is bigger than others.

delusional bulls will suffer.

hero member
Activity: 798
Merit: 1000
Sweet, I can buy much more then too Cheesy

Our internal indicators are flashing.  Guess I would be buying right now.


my internal indicators are flashing too.

"poor trader" warning is issued.

Nice healthy pullback.

What is interesting is that shorters are closing contracts not longs. So the big sells driving this are actual coins being sold rather than closed leveraged longs. Seems like a short term dip.

Tarmi have you finally made some money on this 20 dollar move? Does it make up for your recent disasters? Smiley

You realise that's bad, like really bad?
hero member
Activity: 910
Merit: 1003
Looking forward to your pension?
Whoa. 40% slump. Sounds too volatile and inflationary for mainstream use.
Since you bring it up, let's speak about the Real and the Ministry of Finance /Banco Central do Brasil's "mechanisms to stabilize the value."

Which brings us to the Real. When introduced in 1994, the BCB said it would defend near parity with the USD (remember?). It is at about $0.3 USD/BRL now. It is about 18% down vs. the dollar since the beginning of the month. Inflation has jumped to 7.7%. And very unfortunately, it does not look like any of that is about to get any better any time soon, regardless of the mechanisms deployed.

(You surely sound like a Brazilian, and an anti-Dilma one specifically.  At very least, you must be from some Latin American country?)

A 70% loss of value in 20 years, and a predicted 8% inflation rate per year are nothing to boast about, sure.  But they are still better than a 8% loss in 24 hours, or  78% loss in 14 months, both totally unpredicted and unpredictable

Several bitcoin companies have learned the hard way that bitcoin cannot be used as unit of accounting or as liquid capital storage, not so much because of its (past and possible) loss of value, but because of its unpredictability.  (IIRC, SatoshiLabs, the makers of Trezor, were one such example.)

For contracts that span 2-3 months, an inflation rate of 1%/year can be ignored.  An inflation of 10%/year cannot be ignored; but, if it is roughly predictable, it can be accounted for in the contract; either by adjusting the amounts to be paid, or pegging them to some mutually trusted inflation index.   On the other hand, a sudden and unpredicted inflation of 10% over one week can turn a good profit into a significant loss, even if some payments are pegged to some index.

By the way, the BRL:USD exchange rate was 2.74 in 2005, 2.71 last December, and below 2.70 at all times between those dates. Not that bad, eh?   

Finally, and, most importantly, I am not advising anyone to invest in BRL, or dollars, or euros.  No one with a bit of brain invests in a currency (except for very short term speculation, and even then it is a very risky gamble).
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