Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26914. (Read 26720281 times)

That is one of the main reasons the US loves BTC and would never destroy it.

But if they wanted to destroy* it (which they don't), you are seriously underestimating what they are capable of.

*by destroy I mean "make essentially useless".

Regarding your other point; that BTC would still serve as a store of value, you're assuming the exchange of BTC to USD is the only thing that would be made illegal. That is naive. "Holding" BTC could be made illegal just as easily.

Ireland central bank- official confirms Bitcoin works as advertised. Officials in china see the same thing but not as a treat but more an opportunity.

Indeed. Apparently they do have visionaries there 

Explanation

they are a God damn joke. Not one if them went to jail. But yet Quinn who provided more jobs than any other business in the private sector and worked honestly, went to jail over not paying fines or something. Was only recently one of the head banksters at bank of Ireland walked free. And now we have to pay a "universal social charge" that's not far off 10% of income on top of extortionate tax to pay off the debt those fucks left's behind.

FTFY

Sovereignty pertains to the ppl 
For everything else, debt is the money of serfs.

This just made me think of this.....

http://www.independent.ie/business/irish/inside-anglo-the-secret-recordings-29366837.html


http://youtu.be/8pJ_b_zN5nk

" Mr Bowe is asked by Mr Fitzgerald how they had come up with the figure of €7bn. He laughs as he is taped saying: "Just, as Drummer (then-CEO David Drumm) would say, 'picked it out of my arse'." "

"If somehow the future Internet only accepted RMB, this would not be feasible nor wanted.... In the future, in the Internet generation, every country will slowly relax sovereign control and even dilute the concept of sovereignty."

-- Xu Nuojin, PBoC, at China Internet Finance Forum (June 19, 2014)

Bitcoin ATMs, among others.

Just to pick a nit, something is "just a technology" while it remains confined to papers and lab demos.  Once it is deployed and used by thousands of people and moves millions of dollars, it becomes an "industry" or a "service"; and the question of what it could be used for is overshadowed by  what it is actually being used for.  Bitcoin was "just a technology" right after "Satoshi" posted their paper, but is not anymore.

But even pure technologies have their goals. When it was proposed, the goal of the internet was just to move information efficiently between computers.  While some people may have dreamed of many things fo it,  the many specific  goals that are now assigned to "the" internet -- like universal access,  freedom of information, anonymity, privacy, etc. --  were not goals of the technology.  In fact, until the 1990s, "the"  internet was a completely different thing than what it is now - politically, socially, economically.  

On the other hand, the goal of bitcoin as a technology was to be a global currency allowing p2p payments between anonymous arbitrary parties without a trusted intermediary and without a central  controlling authority.  Take away any of those goals, and the solution described by "Satoshi" does not make any technical sense. But I don't see how it possible to achieve those goals, without also
And that seems to be the conclusion of most bitcoin supporters, too.

EDIT: bolding

Ireland central bank official warns virtual currencies ‘can challenge sovereignty of states’
http://www.pfhub.com/ireland-central-bank-official-warns-virtual-currencies-can-challenge-sovereignty-of-states-909/

I think short-term Huobi is going down and 'Stamp would follow.

Explanation

The reality is the US Government already knows what I've stated to be the truth.  They will not attempt to ban exchange between USD and BTC.  They will instead attempt to control it, regulate it, and tax it.  They will insert themselves into key points of infrastructure to gather intelligence.  As mining hardware is expensive, they will not attempt to destroy Bitcoin through a proof of work attack (51%).  That would only result in movement to another proof of work algorithm, making their hardware investment worthless.  Instead, they will focus on gathering intelligence.  The blockchain was/is the first step.  Data collection at exchanges is the next.  It's actually much easier to trace the flow of Bitcoin than the flow of cash.  So I would expect the US Government to happily support Bitcoin as it provides superior data on their enemies.

it looks like some connections to the central banks get it:
http://www.cryptocoinsnews.com/news/pboc-official-sovereignty-bitcoin-internet-age-will-change-china-around-world/2014/07/07

Bitcoin is not about facilitating illicit activities, it’s about subverting them. 

How about you relocate to my DickCoin?

You're speaking again in terms of using Bitcoin as a currency.  Obviously that would be handicapped with criminalization of exchange between BTC and USD.  We've already covered that.  Bitcoin would still function as a store of value, however.  It could still be used to transfer value between people nearly instantly, and could still be exchanged for Gold, Silver, and anything else of value outside the jurisdiction of hostile governments.  Bitcoin would likely become a proxy for Gold, as it's much easier to safely move.  Imagine half the market cap of Gold moved into Bitcoin.

Take a look at this:



I guess someone is going all in with 7^e-8 BTC order But seriously, does anyone know if an order this size is even possible? Using the web interface the smallest order you can do is 0.001 BTC

Edit: It is on Finex

Truth is they won't decide to.