Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28883. (Read 26609914 times)

BTW, when i said JPM was kinda on the road to make their own coin, i supposed it should be something upon which they will build their whole new transaction system (as their banking system is just outdated since the late 50s). so it could be internally driven and wouldnt look as another altcoin as we currently know them. But the fact is that they clearly plan not to do so over the existing bitcoin. they will want to take bitcoiners out of the picture as "early adopters hippies" and certainly not share a piece of the cryptographic cake.

dunnow if i made myself clear but thats just my "simple" understanding of it 

Belfort no buy bitcom. Beltfort SMART = he buy LTC
Belfort sell LTC best. caused by not anonymous creator, open develop scrypt, better past story with NO drugs and hookers trade
LTC take over bitcom

Bitcoin needs more than wall street to soar to new irrational heights. It needs a Stratton Oakmont.

http://en.wikipedia.org/wiki/Stratton_Oakmont

Agreed.... In the end, these kind of endeavors are likely to bring more attention and credibility to bitcoin... even though they may seem to mimic or compete. 

Bitcoin will likely prevail - yet, we may want to see how these various competitive cryptos play out... and these additional cryptos will likely create hype and even pump and dump opportunities... for day traders.

Okay, so you're willing to take things piece-meal. Great, but you didn't provide any solution to the problem. Pretend you're taking things piece-meal, and this information has just come up. I'm personally not the type who is comfortable with "crossing that bridge when you come to it."

For that matter, what if there are no solutions to the problems that come up? What if it turns out that, for most, your idea is, in fact, a dismal failure? Or what if it's not even possible, for example forms of government start popping up because that's what people want. What if all these small governments start warring with each other? How do we set up an army to fight off an invasion from a country who doesn't share our approach? All of these are questions that need to be addressed before you take the leap.

I'm still lacking answers on the whole "what if I decide to get a large crew together to violently take your shit" argument I presented earlier, as well. That's a general statement to all who agree with you, not specifically directed at you. You can say all you want "it won't happen," but it will. There will always be monsters in this world who will take full advantage of whatever situation they are put in. It's just a question of how widespread it will be.

I have a lot of questions for libertarians that I want answered. I've been asking them for years. Most of them still haven't been answered. I thought that might change here, but I'm starting to lose hope and am almost to the point of writing it off as another lost cause.

They may succeed with novices but only until the banks fuck it up somehow, at which point people will begin to understand why they should support a coin not backed by any company/cartel.

insight: friend of mine working in JP Morgan in London also confirmed they are kinda elaborating their own coin as we speak..  

Oh, I'm fairly happy to take things piecemeal. If things don't appear to be working, back off and adjust approach. Obviously, I believe things would not tend to end up that way (though government action has created a huge underclass that would have to be accounted for) but I'm not one for big schemes that have to be implemented in one fell swoop (just look at Obamacare for how that kind of thing goes).

Basically I see it like a big game of Jenga. There are some pieces which can be taken easily and others which require the removal of other pieces before they can be taken without collapsing the whole tower. Fortunately, almost every step that is taken to improve freedom should make the next one easier.