just for you creekbore
Thanks...a man dancing in a giant condom always make me think a bull market is round the corner
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But on a more serious note. I am not finding any of the information you post about GABI particularly reassuring especially when viewed against the values that Bitcoin was meant to be about 'back in the day' (
creekbore join date 02-08-2011).
First off -- Jersey is a tax haven for the filthy rich who have little in the way of social conscience or responsibility (as I think you are aware).
Then these guys have worked for such pillars of mammon as RD/S and JP Morgan while their claim to fame is creating financial products ie taking advantage of financial deregulation to spin markets for maximum profit, often leaving a trail of investors in penury. I'm sure you read Private Eye now and then (I'm a subscriber) and JP Morgan in particular are no angels. I'm sure if I went back through editions especially of the "In the City" column some of these names would pop up.
But these are now our saviours? I don't think so... they would short BTC to oblivion if they thought they could make a buck.
The ideals of this project are long dead if we are regarding these people as valued entrants to the market. I suspect they have as much in common with the values of Satoshi as silk has with shit.
EDIT: I see someone has already uncovered some dirt on these characters. I'm sure they are not 'bozos' and are excellent at making money, I just suspect they don't give a shit how they do it.
do not get me wrong... I am not saying that these guys or GABI are "saviours"... far from it.. (I did not realise Bitcoin was in need of saving) I am not even saying GABI is that important per se... but it
is what it is.. I was more confirming that they more than likely DO have their ducks in a row (vis a vis the $200 million bucks they think they will be playing with in the next 6 months...) which has implications... also even if it is regulated in Jersey it is still regulated so their is some oversight... this is a world first... so it is something.. on its own not so much.. but added with others to follow, it all adds to the buying pressure, and will bring some liquidity along with it... I as a matter of interest will be keeping a keen eye on who these players are that enter the market and continue to add tidbits of information for my own due dilligence and to satisfy my obsession...
I know all about JP Morgan, and indeed the company I worked with merged with them while I was there.. so basically I actually worked there for a period.. and I worked with a lot of decent and very straight people (more so than in the city) from Jersey too and smart people..
I just happened to be in a position to provide details.... so I thought I would let blast...
Also I actually found that much of my interactions with Jersey led me to work with and deal with a good deal of very very straight individuals... now not to say that there is not some rotten players.. I am sure there are as there are everywhere.. but on the whole, compliance wise and technology wise, I for one am glad that places like Jersey and the Isle of Man are getting involved..
I hear what you are saying, I just think that Bitcoin is going to do what Bitcoin does ... and will continue to do .... and I think funds , this one and future ones are going to play a role,
even if we like it or not.. and they will be important for as long as they are.. and not any longer... so based on that I choose to acquire information..... apart from the "not bozos" and "serious players" "connected" I did not offer an opinion on if I think this is overall a good thing... truth is
I am also concerned about this crowd you speak of.. but as it goes not the GABI crowd so much.. they are peanuts ... I would be FAR more worried about Daniels ex employee JP Morgan, than Daniel and GABI.... ultimately even those guys...I do not think they will be the end of BTC... could they cause a crazy ride on the way up?and down and up and down .... yeah... do I think so... but how long they can keep their grip for... will depend on how big BTC grows... fact is many markets are manipulated, and it sucks and that coupled with the never ending fresh crispy notes, makes price discovery near meaningless.. which has all sorts of implications not just for BTC.. and yeah the world would be a better place with those guys power eroded, and I think we will get there...
for now though.. the enemy of my enemy is my friend
(the growing reality of decentralisation (not just in finance, but in other areas too which technology is impacting and disrupting) is still what excites me the most... by far... and that journey has only just begun, of that I am very sure... and of course the manipulated markets, the games, and the money printing are all part of what BTC holds the promise to address)
(Aside from the more obvious areas related to politics and society, finance/economics and liberty, which are often a red rag to a bull on this thread.... I see the "internet of things" as an interesting topic in terms of BTCs future and its potential (and also the implications of the internet of things to decentralisation in general)...another area I have been researching, I may rattle on about that for a while at a later date)
ALSO... I do not find it insignifcant... that just from one connection I had, I see that former employees 5 or so of the legacy financial system... are making their way and spreading into various parts of the Bitcoin ecosystem... could it be that some of them ... some of them... have seen delight? I have no problem with professionals entering the network as long as they bring something of value.... many of them are in a position to know the games played better than many others... interesting that BTC has drawn such a diverse mix of talent from so many fields.. (engineers, coders, designers, economists, cryptology experts, humanitarians, scientists etc, and even ex-"bankers" ... it is a massive brain fund, and for once the JP Morgans and GoldmanSacks, Enrons of the world may not be "the smartest guy in the room")
What specifically should I look for? 
manipulating the silver market