Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27795. (Read 26710501 times)
May 09, 2014, 09:46:00 PM
Don't those charts just look like they're hurtin for a squartin?
May 09, 2014, 09:44:22 PM
May 09, 2014, 09:39:56 PM
May 09, 2014, 09:38:27 PM
I'm confused. On one hand the bulls argue for bitcoin to be this free renegade anarchist currency. Then on the other hand, the same bulls are all about getting wall street involved, government invovled, regulations, oversight, aml/kyc, and paper-traded etfs. etc. I guess whatever concept provokes the most price increase in the context of the topic at hand is the right one to use for them.
It's not that easy, first of all I don't believe all the bulls agree with both of your assumptions here. Some don't want all those parties involved, some others see it as a temporary necessary evil to launch Bitcoin into the mainstream and they hope that once Bitcoin establishes itself it will revolutionize governments, banks and the entire financial world in such a way that most of the problems we have with Wall Street, banks and governments will simply disappear and it no longer will be an issue. And there are also other bulls who aren't idealistic at all and just want those parties involved to get the price up. Personally I belong to the second group, for now I think it's a necessary evil to work with these parties if we ever want Bitcoin to become something more than a niche thing.
Actually to correct myself here I don't think that calling banks or governments 'evil' is the right way to go about it, they are not really the enemy in my book and I don't really like that way to frame things. I don't even consider myself an anarchist or libertarian or whatever, although I may agree with a lot of the things they say. I just see certain problems within the financial system we humans have created, and I personally am of the opinion that a decentralized digital currency like Bitcoin could fix a lot of these problems. That's the whole reason I'm here. Banks and governments aren't necessarily bad or evil, they're just doing what they're supposed to be doing with the means they have at their disposal. Yes, they've grown into monsters but that's also because we have let them become like that. And sometimes a revolution is necessary to fix these things, a non-violent technological one if possible. I don't really expect Bitcoin to completely do away with banks and governments altogether, but I do think it (or its successor) will change the way they work and do business and I believe those changes could be a very positive thing for all of us. Including the banks and governments themselves because they're just as much a part of us.
May 09, 2014, 09:33:31 PM
So is this the new Huobi with fees?
I can't see any new news about that on Huobi's homepage. The "red lamp" link (notice 357, 2014-05-06 13:38:51 CST) still shows the "five exchanges agreement" and the attachment to that (notice 356, 2014-05-06 13:35:07 CST) still says "HFT fees to be determined".According to the latter, however, they discontinued leverage at 00:00 May/10.
That is what I decyphered with Google Translate.
I wish I could believe any of that. But I can't.
May 09, 2014, 09:31:34 PM
I can foresee a future where a decentralized, distributed, public record of public funds would have some demand and therefore some value in this world.
If you don't want public funds embezzled, require that all government spending be on-chain. Anyone who actually wants democratic accountability should be all over that. If your political opponent objects, well then, prima facie, he is corrupt.
If you want elected officials to be accountable for the source of their financial support, require that political donations be on-chain.
I can see the future
May 09, 2014, 09:31:04 PM
I can foresee a future where a decentralized, distributed, public record of public funds would have some demand and therefore some value in this world.
If you don't want public funds embezzled, require that all government spending be on-chain. Anyone who actually wants democratic accountability should be all over that. If your political opponent objects, well then, prima facie, he is corrupt.
If you want elected officials to be accountable for the source of their financial support, require that political donations be on-chain.
If you want assurance that taxes are paid, require that all taxable transactions occur on-chain, and all tax payments be made on-chain.
that is exactly what I want.
everyone should be pushing for this, demand this from your elected officials.
it's not excessive, it's morally right.
May 09, 2014, 09:28:37 PM
I can foresee a future where a decentralized, distributed, public record of public funds would have some demand and therefore some value in this world.
If you don't want public funds embezzled, require that all government spending be on-chain. Anyone who actually wants democratic accountability should be all over that. If your political opponent objects, well then, prima facie, he is corrupt.
If you want elected officials to be accountable for the source of their financial support, require that political donations be on-chain.
If you want assurance that taxes are paid, require that all taxable transactions occur on-chain, and all tax payments be made on-chain.
The Department of Defense [sic] would not have been unable to account for those 2.3 trillion USD reported mislaid on 10 Sept 2001, if those transactions had been on-chain, and events which ensued as a consequence would not have derived.
May 09, 2014, 09:13:32 PM
I can imagine right now PBOC is being infuriated by the rally and are devising some kind of emergency strategy to actually get the accounts closed as we speak.
why? they dont care about rallies. they only have to take responsibility for money lost under legal systems, not illegal. that's why they stopped bank deposits.
May 09, 2014, 09:12:57 PM
There's a good chance that once bitcoin is integrated with wallstreet, 'investing' in bitcoin is going to molded to fit in with every state law and inefficiency in with the existing system that bitcoin was created to avoid. I'd be suprised if the network itself was even used for anything useful at that point. Bitcoiners are sellouts. Everything is about raising the price and to-da-moon and deep down they just care about fiat.
The success of bitcoin as an investment is inextricably bound up with its addition of social value as a political instrument.
Personally I think bitcoin has turned into social and political poison, but will be no less successful as an investment for all that. There will be some good that comes of it -- after all, *some* people *should* drink poison -- but most of that burden will fall upon a successor which is actually and persistently decentralized and anonymous.
And again, when that successor arises, its success in fulfilling those hopes will be inextricably bound up with its success as an investment.
If a job opens up reading the inscription over the gates of hell to any blind persons being admitted, I will certainly recommend TERA to the position.
hello animorex, so glad you dropped by,
a question/observation if I may.
bitcoin architecture is - from the ground up - not so good for anonymous, but great for transparency. I can foresee a future where a decentralized, distributed, public record of public funds would have some demand and therefore some value in this world.
your comments or ideas on that thought are much appreciated...
May 09, 2014, 09:05:43 PM
Does anyone really expect chinese exchanges to adhere to their joint statement?
in that they refuse to go to bitcoin-promoting conference? In that they cease and desist any kind of overt bitcoin promotion?
yes.
May 09, 2014, 09:04:56 PM
I can imagine right now PBOC is being infuriated by the rally and are devising some kind of emergency strategy to actually get the accounts closed as we speak.
May 09, 2014, 09:04:35 PM
There's a good chance that once bitcoin is integrated with wallstreet, 'investing' in bitcoin is going to molded to fit in with every state law and inefficiency in with the existing system that bitcoin was created to avoid. I'd be suprised if the network itself was even used for anything useful at that point. Bitcoiners are sellouts. Everything is about raising the price and to-da-moon and deep down they just care about fiat.
The success of bitcoin as an investment is inextricably bound up with its addition of social value as a political instrument.
Personally I think bitcoin has turned into social and political poison, but will be no less successful as an investment for all that. There will be some good that comes of it -- after all, *some* people *should* drink poison -- but most of that burden will fall upon a successor which is actually and persistently decentralized and anonymous.
And again, when that successor arises, its success in fulfilling those hopes will be inextricably bound up with its success as an investment.
If a job opens up reading the inscription over the gates of hell to any blind persons being admitted, I will certainly recommend TERA to the position.
May 09, 2014, 09:01:01 PM
Does anyone really expect chinese exchanges to adhere to their joint statement?
May 09, 2014, 09:00:56 PM
May 09, 2014, 08:58:08 PM
So is this the new Huobi with fees?
I can't see any new news about that on Huobi's homepage. The "red lamp" link (notice 357, 2014-05-06 13:38:51 CST) still shows the "five exchanges agreement" and the attachment to that (notice 356, 2014-05-06 13:35:07 CST) still says "HFT fees to be determined".According to the latter, however, they discontinued leverage at 00:00 May/10.
That is what I decyphered with Google Translate.
May 09, 2014, 08:55:24 PM
Bitcoin looking strong we need to get pass 500!
its not gana be easy but this is the plan.
i recommend selling/buying should we break away from the channel, while in the channel HODL!!!
May 09, 2014, 08:53:41 PM
Right, it's all over because of the countertrend rally on huobi, again. I guess the Chinese bulls have taken over, and will lead us out of the Chinese bear market, or something,
It's okay Tera, we know you can't believe in a world with China still trading bitcoin.
May 09, 2014, 08:49:53 PM
Right, it's all over because of the countertrend rally on huobi, again. I guess the Chinese bulls have taken over, and will lead us out of the Chinese bear market, or something. The price being pushed up by China when all of the Chinese bank accounts are closing doesn't bother everyone, in the least. Surely this will continue once the accounts are closed and surely these coins are not going to be dumped on USD exchanges.
May 09, 2014, 08:47:34 PM
Bitcoin looking strong we need to get pass 500!
Jump to: