http://www.usmarshals.gov/assets/2014/bitcoins/
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27126. (Read 26720873 times)
June 24, 2014, 02:18:17 PM
June 24, 2014, 02:17:41 PM
Yes, but don't you realize that extending IOUs is exactly how the current, broken fractional reserve banking system works? And is pretty much why Mt Gox. went bankrupt?
No and no. (There are lots of problems with the current banking system but IOUs for spreading risk is not one of them.)
In fact, Bitcoin markets would be both more secure and more liquid for it. A win-win if I ever saw one.
June 24, 2014, 02:13:48 PM
When is the SR coins auction?
On Friday, from 6am to 6pm.
Thanks!
What timezone is that?
June 24, 2014, 02:09:25 PM
Hmm. So now that the PBoC has begun to articulate a plan for integrating bitcoin into the Chinese economy, that should be bullish, right?
Oh, I'm sorry, I forgot. Some pocket change from SR 1.0 bust is intimidating everyone.
ShroomsKit is like a Sophoclean chorus to this drama.
Curious how the monkey seems almost to control everything...simia ex machina?
Source? Oh, I'm sorry, I forgot. Some pocket change from SR 1.0 bust is intimidating everyone.
ShroomsKit is like a Sophoclean chorus to this drama.
Curious how the monkey seems almost to control everything...simia ex machina?
June 24, 2014, 02:08:03 PM
When is the SR coins auction?
On Friday, from 6am to 6pm.
June 24, 2014, 02:00:57 PM
Here's some neat news from coindesk: http://www.coindesk.com/california-bill-bitcoin-lawful-money-heads-to-governor/
June 24, 2014, 02:00:48 PM
June 24, 2014, 01:57:04 PM
Which is more pathetic:
1) People conducting their individual risk management/business and trading accordingly on the open market
2) People getting mad at 1) when they don't like what they are doing, fantasizing allegations and accusations
?
1) People conducting their individual risk management/business and trading accordingly on the open market
2) People getting mad at 1) when they don't like what they are doing, fantasizing allegations and accusations
?
Well said. Not to mention the amount of energy and time spent on this subforum by people going number 2.
Emotions are swinging faster and farther than the market is. Someone please PM me when they find a market a that only goes up all the time. Will pay a good commission.
Note to self: Isn't it actually quite fun to participate in this market? If not, find something better to do.
Cheers,
Nick
I love how only the bear traders on this forum love to defend panic selling, as if it is the most wonderful thing evar. Sorry bear traders, not enough price crashes going on for you to make your $100 for the week?
I guess it's too much to ask for bitcoin owners to have some sense, huh? Maybe 3-5 years from now, we can have the same +/- 20% swings even when the price is at $50K/btc? Actually I wouldn't doubt we will, as fabricated FUD will work just as well on the market sheep participants then as it does now. Yeah that'd be so wonderful. That way it'd scare away pretty much everyone who tries to seriously use it as a stable currency or a store of value, and the grand experiment would at that point be proven to be a complete failure.
June 24, 2014, 01:46:42 PM
Which is more pathetic:
1) People conducting their individual risk management/business and trading accordingly on the open market
2) People getting mad at 1) when they don't like what they are doing, fantasizing allegations and accusations
?
1) People conducting their individual risk management/business and trading accordingly on the open market
2) People getting mad at 1) when they don't like what they are doing, fantasizing allegations and accusations
?
Well said. Not to mention the amount of energy and time spent on this subforum by people going number 2.
Emotions are swinging faster and farther than the market is. Someone please PM me when they find a market a that only goes up all the time. Will pay a good commission.
Note to self: Isn't it actually quite fun to participate in this market? If not, find something better to do.
Cheers,
Nick
June 24, 2014, 01:46:30 PM
I dont know why people thinks SR's coin auction has/will impact bitcoin's price.
As far as i am concerned, the price right now is just doing what it is supposed to do.
As far as i am concerned, the price right now is just doing what it is supposed to do.
It's the latest January 30, PBOC ban deadline. This year, for whatever reason, the community loves to draw up arbitrary deadlines and declare that price will rocket right afterwards. If the previous deadlines are any indicator, We'll likely see absolutely no movement or even a small drop after June 27.
June 24, 2014, 01:38:34 PM
I dont know why people thinks SR's coin auction has/will impact bitcoin's price.
As far as i am concerned, the price right now is just doing what it is supposed to do.
As far as i am concerned, the price right now is just doing what it is supposed to do.
June 24, 2014, 01:36:57 PM
June 24, 2014, 01:34:26 PM
Hmm. So now that the PBoC has begun to articulate a plan for integrating bitcoin into the Chinese economy, that should be bullish, right?
Oh, I'm sorry, I forgot. Some pocket change from SR 1.0 bust is intimidating everyone.
ShroomsKit is like a Sophoclean chorus to this drama.
Curious how the monkey seems almost to control everything...simia ex machina?
Oh, I'm sorry, I forgot. Some pocket change from SR 1.0 bust is intimidating everyone.
ShroomsKit is like a Sophoclean chorus to this drama.
Curious how the monkey seems almost to control everything...simia ex machina?
June 24, 2014, 01:26:20 PM
June 24, 2014, 01:17:27 PM
When is the SR coins auction?
June 24, 2014, 01:15:15 PM
Not a lot of speculation going on here huh?
June 24, 2014, 01:00:47 PM
June 24, 2014, 12:01:00 PM
June 24, 2014, 11:48:52 AM
Which is more pathetic:
1) People conducting their individual risk management/business and trading accordingly on the open market
2) People getting mad at 1) when they don't like what they are doing, fantasizing allegations and accusations
?
1) People conducting their individual risk management/business and trading accordingly on the open market
2) People getting mad at 1) when they don't like what they are doing, fantasizing allegations and accusations
?
June 24, 2014, 11:39:22 AM
That would imply exchanges trusting each other's IOUs. Can't happen, and rightly so (otherwise one single scam could cause a chain reaction).
That's trivial to solve. How do you think other institutions in society do it?
The easiest way is that everyone desposits a sum with a trusted third party, which forms the top limit for IOUs. You could also distribute the third party role on several participants (where several needs to collude to cheat the system), if the trust is otherwise hard to build.
But even the easiest notary system would be a giant step up for today's exchanges.
Then there is no advantage over independent arbitrage. Anyone can do it any time, simply by preplacing funds on multiple exchanges. If an alternative does not offer an efficiency gain over independent arbitrage, then it is a worthless rentier scheme.
EDIT: oops. misunderstood.
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