text
Hey, cut the bears some slack
They are suffering greatly now when the bulls taken over
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27796. (Read 26710501 times)
May 09, 2014, 08:44:42 PM
text
Hey, cut the bears some slack
They are suffering greatly now when the bulls taken over
May 09, 2014, 08:44:31 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.
I'm sad to say that bitcoin won't probably ever reach Wall Street. You can't sell an currency to someone, when half of it has been released during times, where it was used only for drug trade and various other illegal shenanigans. When a person has even a half a brain, then (s)he won't invest a meaningful amount into something, where (s)he has to have blind trust that some successful drug dealer just won't dump their 1mil.+ coins and run away with the money.
The idea of private open-sourced monetary systems will remain, and it will bring forward plenty of interesting opportunities. But bitcoin is a joke and a gimmick, just like the "financial experts" that hover around bitcoin.
and the USD is not used predominantly by criminals? lol, it is printed by criminals!
You realise that open sourced monetary systems have promise, and bitcoin is just that, but it is doomed to fail? what will succeed, ripple? lol. the cat is out of the bag and no parallel crypto can compete with bitcoin, and no centralised alternative can either.
There are educated criminals, that understand the longer perspective of profit, and there are folks like silkroad drug dealers or bitcointalk users
Anyway, you go ahead and enjoy your bitcoins. I believe that everyone will get what (s)he deserves.
May 09, 2014, 08:40:33 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.
I'm sad to say that bitcoin won't probably ever reach Wall Street. You can't sell an currency to someone, when half of it has been released during times, where it was used only for drug trade and various other illegal shenanigans. When a person has even a half a brain, then (s)he won't invest a meaningful amount into something, where (s)he has to have blind trust that some successful drug dealer just won't dump their 1mil.+ coins and run away with the money.
The idea of private open-sourced monetary systems will remain, and it will bring forward plenty of interesting opportunities. But bitcoin is a joke and a gimmick, just like the "financial experts" that hover around bitcoin.
and the USD is not used predominantly by criminals? lol, it is printed by criminals!
You realise that open sourced monetary systems have promise, and bitcoin is just that, but it is doomed to fail? what will succeed, ripple? lol. the cat is out of the bag and no parallel crypto can compete with bitcoin, and no centralised alternative can either.
May 09, 2014, 08:39:42 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.
May 09, 2014, 08:38:21 PM
Prediction, in 3 years all the wealth in the world will belong to the Chinese bitcoin miners government . 
ftfy
pretty sure china is banning bitcoin so it can buy/ mine it b4 everyone else
china is known for this lie cheat and steal tactics
May 09, 2014, 08:37:24 PM
Prediction, in 3 years all the wealth in the world will belong to the Chinese bitcoin miners.
come on now prof, that's hardly an academic study. I know you just post here for the funzies, but I could predict that in the next 3 years half the global population could be wiped out and I think my prediction might actually be more likely than yours...
May 09, 2014, 08:35:27 PM
Prediction, in 3 years all the wealth in the world will belong to the Chinese bitcoin miners.
come on now prof, that's hardly an academic study. I know you just post here for the funzies, but I could predict that in the next 3 years half the global population could be wiped out and I think my prediction might actually be more likely than yours...
May 09, 2014, 08:31:23 PM
Prediction, in 3 years all the wealth in the world will belong to the Chinese bitcoin miners.
May 09, 2014, 08:29:46 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.
Hey now, I said I was getting a bit jaded, but that's downright apocalyptic.
you might be right about bitcoin, but I think the blockchain idea is out of the bag now, and once public and charitable organizations begin to realize the benefits of being able to be completely transparent in their finances, I hope that they will see the advantage of that and this idea of accountable money will begin to take hold.
May 09, 2014, 08:27:41 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.
I'm sad to say that bitcoin won't probably ever reach Wall Street. You can't sell an currency to someone, when half of it has been released during times, where it was used only for drug trade and various other illegal shenanigans. When a person has even a half a brain, then (s)he won't invest a meaningful amount into something, where (s)he has to have blind trust that some successful drug dealer just won't dump their 1mil.+ coins and run away with the money.
The idea of private open-sourced monetary systems will remain, and it will bring forward plenty of interesting opportunities. But bitcoin is a joke and a gimmick, just like the "financial experts" that hover around bitcoin.
May 09, 2014, 08:19:46 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.
May 09, 2014, 08:11:28 PM
This is democracy: http://www.coindesk.com/china-orders-media-silence-on-global-bitcoin-summit/
axaxaxaxaxa First Turkey shut down youtube etc...now China tries to mute Bitcoin....
axaxaxaxaxa
First Turkey shut down youtube etc...now China tries to mute Bitcoin....Bitcoin is a symbol, a metaphor, a belief
That we are growing beyond the need for government, we have learnt that we can govern ourselves.
This thought, understanding, realization is only now propagating through the global consciousness.
China's firewall can slow this progress but it cannot stop it.
I choose to go to the MOON!
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.
personally I've grown a bit jaded lately. I cringe now when I hear people trying to pimp bitcoin on the masses. I don't think the masses are ready for bitcoin, and vice-versa.
I do not like the path we seem to be taking with all the regulation and stuff, but if it gains enough acceptance, within the mainstream (politicians now accepting donations in bitcoin) -- this might allow for a blockchain-like accounting scheme for government programs.
Even if that is the only thing we get out of this, I would consider Satoshi's experiment a success.
May 09, 2014, 08:11:07 PM
prediction, in < 3 years china will be a free country, because bitcoin.
watch the story that is bitcoin unfold, live, here, now, in this epic thread!
watch the story that is bitcoin unfold, live, here, now, in this epic thread!
In the future, this thread (or at least an abridged version) will be required reading in all public schools. "The story of how the distributed ledger brought freedom to the world".
May 09, 2014, 08:10:18 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.
Yeah, it's a very confusing subject. Like bitcoin being about freedom and liberty, but the new coin supply rate would actually concentrate wealth even more then now. Bitcoin is VERY complicated and confusing, but the real educated experts know the answer, and the answer is .. to BUY... BUY... TAKE LOANS, TAKE MORTGAGES, SELL YOUR KIDNEYS.... WHATEVER... BUY....!!! At least that's what the experts think about the subject
May 09, 2014, 08:06:29 PM
I like more of PoS Coins.
May 09, 2014, 08:05:03 PM
May 09, 2014, 08:03:23 PM
This is democracy: http://www.coindesk.com/china-orders-media-silence-on-global-bitcoin-summit/
axaxaxaxaxa First Turkey shut down youtube etc...now China tries to mute Bitcoin....
axaxaxaxaxa
First Turkey shut down youtube etc...now China tries to mute Bitcoin....Bitcoin is a symbol, a metaphor, a belief
That we are growing beyond the need for government, we have learnt that we can govern ourselves.
This thought, understanding, realization is only now propagating through the global consciousness.
China's firewall can slow this progress but it cannot stop it.
I choose to go to the MOON!
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.
May 09, 2014, 08:01:15 PM
This is democracy: http://www.coindesk.com/china-orders-media-silence-on-global-bitcoin-summit/
axaxaxaxaxa First Turkey shut down youtube etc...now China tries to mute Bitcoin....
axaxaxaxaxa
First Turkey shut down youtube etc...now China tries to mute Bitcoin....Bitcoin is a symbol, a metaphor, a belief
That we are growing beyond the need for government, we have learnt that we can govern ourselves.
This thought, understanding, realization is only now propagating through the global consciousness.
China's firewall can slow this progress but it cannot stop it.
I choose to go to the MOON!
I love Canadians. They're so idealistic.
perhaps even charmingly naive.
May 09, 2014, 08:00:53 PM
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