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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28143. (Read 26710352 times)

hero member
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I read somewhere that there was a guy sitting next to a bitcoin ATM (in North America, IIRC), offering better deals than the ATM.
Yes it was here in Vancouver, the owner chose to hire a musician paid minimum wage to tell the ATM poachers to piss off, the coffee shop owner permitted it because he got live music.
I see a great business opportunity for people who own bitcoins AND play the guitar.  Cheesy
legendary
Activity: 1372
Merit: 1000

By the way, The former owner of MercadoBitcoin, the company that set up that ATM, was also the creator of BitcoinRain, a Brazilian ponzi that collapsed after allegedly taking some 12,000 bitcoins from investors.  According to the then-owner, a hacker invaded MercadoBitcoin and stole all the BitcoinRain funds --- by COINcidence, just after they received a major withdrawal request.   That person later sold MercadoBitcoin to other people, who naturally do not see themselves responsible for the losses of BitcoinRain's clients.

thanks for that I remember the incident, I never looked into it because i couldn't understand why someone would trust there Bitcoin to a untrusted 3rd party, that and it seemed far away.

edit: To be honest I have noticed a lot of the motivation behind some of the innovation happening in Bitcoin is a way to launder stolen coins.  
legendary
Activity: 2380
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hero member
Activity: 910
Merit: 1003

By the way, The former owner of MercadoBitcoin, the company that set up that ATM, was also the creator of BitcoinRain, a Brazilian ponzi that collapsed after allegedly taking some 12,000 bitcoins from investors.  According to the then-owner, a hacker invaded MercadoBitcoin and stole all the BitcoinRain funds --- by COINcidence, just after they received a major withdrawal request.   That person later sold MercadoBitcoin to other people, who naturally do not see themselves responsible for the losses of BitcoinRain's clients.
legendary
Activity: 1372
Merit: 1000
So Jorge can now run people through the risk of bitcoin before they purchase, he'll be like a warning disclaimer.
I read somewhere that there was a guy sitting next to a bitcoin ATM (in North America, IIRC), offering better deals than the ATM.

Yes it was here in Vancouver, the owner chose to hire a musician paid minimum wage to tell the ATM poachers to piss off, the coffee shop owner permitted it because he got live music.

legendary
Activity: 1372
Merit: 1000
And the (apparently) best-informed description of the Chinese bitcoin traders that I have seen was not on Coindesk or Bloomberg, but on the Christian Monitor, of all sources.

If you follow the informal meetups and presentations people give around the world, you would have known months before October that Chinese funds were poring in to Bitcoin. One cant expect the media to react to that before it was news.

The only news worth noting in china will come from an official Chinese news source and it will start something like this; In the best interest of the Chinese people... 

My statistical analysis shows that your contributions to this tread has increased the correlation with price in China.

It appears to me the price in China is irrelevant, it it is 7% or above the west I will find a way to pay suppliers via Bitcoin, if it is below I will pay suppliers in Fiat, and the free market will arbitrage the coins back.
hero member
Activity: 560
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So Jorge can now run people through the risk of bitcoin before they purchase, he'll be like a warning disclaimer.
I read somewhere that there was a guy sitting next to a bitcoin ATM (in North America, IIRC), offering better deals than the ATM.

Perhaps you can spin this to your advantage a bit, Jorge, and after retirement you can while away your time sitting beside a Bitcoin ATM informing users of the latest Chinese exchange prices. Of course by then you will be accepting Bitcoin tips.
hero member
Activity: 560
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hero member
Activity: 910
Merit: 1003
So Jorge can now run people through the risk of bitcoin before they purchase, he'll be like a warning disclaimer.
I read somewhere that there was a guy sitting next to a bitcoin ATM (in North America, IIRC), offering better deals than the ATM.
legendary
Activity: 1106
Merit: 1007
Hide your women
You do seem to be raving at this point Jorge.  It's kind of sad.

He's obviously frustrated he'll need to return the party supplies he bought in preparation of Bitcoin hitting zero. I wonder if all his bias, assumptions, and poor judgment will appear in the peer-reviewed conclusion of his "academic research."

That's funny and of course he's having a gross conceptual error, but China still leads until it doesn't. If you think his head is exploding, you should see the economist professors of the Keynesian and Monetarist schools. This is their field, and according to their models, Bitcoin is a flying unicorn that just shouldn't exist.
hero member
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Friday would coincide with the 3d Crossover, shall we say...Party on Friday ?
hero member
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Should be of interest to you:

Linguistic Researchers Name Nick Szabo as Author of Bitcoin Whitepaper

http://www.coindesk.com/linguistic-researchers-name-nick-szabo-author-bitcoin-whitepaper/

Quote
Furthermore, the researchers found that the bitcoin whitepaper was drafted using Latex, an open-source document preparation system. Latex is also used by Szabo for all his publications.

Rats, I thought that avoiding double-space-after-punctuation was enough.  Does anyone out there know of some other open-source document prepration system that is not much worse than Latex?
hero member
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Guess no one noticed the good amount of bid support removed behind 505.. ready to market buy?
hero member
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So Jorge can now run people through the risk of bitcoin before they purchase, he'll be like a warning disclaimer.
hero member
Activity: 910
Merit: 1003
Jorge has hypnotised you  Wink
To interpret his input you need to work from his premise, I believe it goes like this. Bitcoin is not an investment but a bet with unknowable odds. Every input thereafter is an attempt at manipulating the odds in a 0 sum game.

That is a brilliant summary. Better said than he ever said it.
Indeed, the first part of @Adrian-x's summary of my posts is quite correct, if a bit depressing. (Like realizing, at a conference, that the significant contributions of your 9-year  Ph.D. work fit in two slides and can be explained in 20 minutes, including "let's thank the speaker, we have plenty of time for questions".  Sad Smiley)

The second part is silly, though: what effect could my posts here have on the mood of the Chinese fermented tea bitcoin traders?

I belive that the odds of this game are unknowable, but it is not certain that it will be zero-sum (or negative-sum) in the strict sense. It depends on whether bitcoin will survive for a sufficiently long period.

He's obviously frustrated he'll need to return the party supplies he bought in preparation of Bitcoin hitting zero.

I told the paper plate and plastic cup supplier to be ready to deliver in mid-June, but warned him that I have absolutely no space left in my office, so he may have to hold them a little longer if The End gets delayed for some reason.  Wink
hero member
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Moderator
Bye bye, my time in here is done. PBOC and J.P. Morgan finally paid the rest of the agreed salary. See you all after the top of the next bubble. Kiss
KFR
hero member
Activity: 560
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Per ardua ad luna
I find it bizarre that ...

I've noticed the frequency with which you use phrases like "I find it bizarre..." and "I don't understand why..." has increased quite a bit recently.

Just an observation.

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