Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29545. (Read 26609669 times)

I agree with you that the more time that passes, the more fishy the whole situation smells; however, I do NOT know how you can come to so many conclusions about the Ponzi scheme accusation.  It sounds as if you are just throwing out labels.. without really knowing many facts about how Gox may be dealing with this internally or about the internal financial status of Gox.    There was a coindesk article earlier today about Gox.. did you see it?


I'm thinking about this one:  http://www.coindesk.com/mt-gox-may-headed-bankruptcy/

Even though some people think that there are a lot of conspiracies to pull down Gox... I personally thought that the article made a lot of good points about the pattern of Gox's behavior.... .. Though of course none of this is conclusive and it is speculation, as well.

All standards do is promote complacency. Any quality standard just adds a false sense of security and encourages both parties to not do their due diligence. We dont need to dumb down society any more.

"seals of approvals" are just a means to create a barrier of entry to new businesses.

As for standards for the bitcoin protocol changes, we already have the 50% majority rules built in to bitcoin.

Gox thing smells badly everyday... It seems they have neither money or BTC enough to pay their customers. So they manipulate their exchange 1s and 0s to keep low prices to make people think "CHEAP COINS!!!" and send money to the exchange, which will be used to pay the ones who want to leave that sinking boat. Ponzi scheme with GoxUSD and GoxBTC.

Hope they don't make anyone sink with them.

Maybe they have been hired by banks or governments to sabotage crypto currencies or to interfere with our abilities to effectively communicate about such?

There is so much manipulation on this forum. I don't get it why perma-bears even spend time here since they better just sell now at the never to be reached again peak and laugh at us when Bitcoin goes to $0.

Fiat structure is supported by modern economics that have been developed by academics throughout hundreds of years.
This "banksterism" that you see, is another animal altogether. This has been caused by the growing corruption of the public sector. This has been the cause why the banking sector is over-privileged, and that is why all the anger towards banks from the working class.
Public sector should control banks and see to it, that they fall under basic capitalism rules like fair competition. But when societies leaders are a pack of unethical and weak spirited "felines", then banking leaders don't have to practice responsibility.

People with little knowledge about finance tend to blame modern economics when thinking of the latest financial problems. But it's not the economics, but it's the rape of economics by certain people who have a lot of power and very little responsibility.
And who is the best supporter of this "banksterism" ?
Probably you.. or your neighbor, or members of your family. By always taking the public sector for granted and voting for someone "because I see him a lot on TV". People don't actually learn in depth the skills, experience, plans and visions of the electee that he/she votes for.
And that is how incompetent and weak spirited politicians come to be the leaders of the public sector, and that is why banking hasn't been balanced.

Apathy is a defect that has affected a large part of the population. I don't know if it's the speed of our environmental changes or hormonal problems, but people seem to be affected by it with increasing rate. For instance, in this forum, I only found couple of people who were willing to act and do something to root out the corruption in the bitcoin market system. Most even got angry at me for trying to do something. Most seemed to hope that if everyone does nothing, then things will get fixed by itself.
This part is not much different between "banksterism" and "bitcoiners". Both want to be rich and powerful without having any responsibility, or if possible, without doing anything other then enjoying luxury.

So, don't blame the modern economics and don't try to act like bitcoin economics would actually be better. The proof-of-work fixed coin creation system is a joke compared to modern finance. We are living in a globalized world and it would be absurd that this world could run trade with this simplistic system.
But there can be a system that is as complex or more as modern finance, and that would be mainly automated and transparent. That system will be the "coin" that I'm really interested in!
I like bitcoin because it brought forward a big step in moving towards this idea. I have always dis-liked religious fanatics though and I tend to fall into conflict with them.

I will be disappointed if there are no fireworks for Dominion Day, Independence Day, or Bastille Day.

wonderful polysemy there.  by mob tactics do you mean to refer to la cosa nostra, or to market forces?

i'm finding it difficult to extract any argument against a certification program from your text, although one seems intended.  perhaps you could clarify.

I was thinking of an international society with no other power than to write standards and grant "seals of approval" to exchanges that want to get them.   There are many examples, like ISO, CIE,  ANSI, W3C, NERC, ... 

Some governments may make their standards mandatory or even delegate their enforcement to them (e.g. NERC in the US) , but the origanizations themselves are non-governamental.

By when are we gonna make a new all time high?  Maybe by June-ish?    The other problem is potentially more intense attacks from banks and governments when they really begin to see BTC as a thread... Many of those attacks would likely be behind the scenes... .. but there could be some direct attacks as well.. especially when BTC is being used to fund contrary forces...

Is finex down?

EDIT: Nope, just a fluke

Half-fiat/half-btc or so, and it's good whatever happens.

I agree with the result but not with the path to get there. I would prefer to trade with the exchange that is the most transparent as i'm sure the majority would agree.

The problem I have is with standards based on coercion. Creating a body of power to force businesses to follow certain rules, stymies businesses to improve on the standards and eventually results in businesses  becoming mediocre and complacent and no longer compete. The free market will naturally favor the best.

I'm all for multiple "foundations" for inert bitcoin promotion but please don't use mob tactics to force someone to follow your rules. All trade should be as free from 3rd party pressure.

Maclairy was probably reacting to some hypothetical interpretation of my tone causing one of his guard hairs to twitch.

Do you even dictionary?

Is that for me? I did not complain of anything, someone just had asked "who has 1 million coins".

Oops, thanks! 

I think we may be headed back towards some slow growth, bitcoin has withstood the latest barrage of bad news/bad press, and I think we will start seeing some slow appreciation again.  I don't think it will be the meteoric rise we saw in Nov/Dec of last year, but it is a start...

Choo (up) choo (down).  I'm starting to feel rather masticated.

Relevantly Mr Nakamoto has not spent any of his premined coins.  The day that happens you will have cause for complaint.  Until then, no.