So JP Morgan (who got off cheaply with a $5bn fine for falsely selling junk and causing the greatest economic collapse in our lives) are going to ring someone and we're going to take them seriously? It's pretty much their fault that bitcoin is popular and the dollar is fucked.
A big reason people get into bitcoin is because they no longer trust banks. Look at cyrus.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32019. (Read 26608274 times)
November 14, 2013, 04:31:37 PM
November 14, 2013, 04:26:06 PM
At the beginning of the year I said to myself man I wish I bought Google stock years ago. Looked at the price it was $600ish. I said damn, missed that boat. It's now at $1,000. Now I really missed that boat.... Maybe, maybe not, but I'm not gonna buy in now that's for sure. You think mainstream is saying man this is gonna go to the moon I should buy? Or maybe they are feeling like they missed the boat. Have they? Who knows. I know John Doe probably isn't gonna risk a few thousand to find out.
November 14, 2013, 04:25:40 PM
The only words that will get through to them are:
Silk Road... Drugs... Anonymous digital currency... Money Laundering... Terrorism (this is a big one)...
And that's all they'll need to know. Prepare for the worst guys.
Silk Road... Drugs... Anonymous digital currency... Money Laundering... Terrorism (this is a big one)...
And that's all they'll need to know. Prepare for the worst guys.
+1
+1
November 14, 2013, 04:25:36 PM
Also, government has said that they do not want to stifle innovation in the realm of digital currencies, which such a thing of course would.
While I agree with the point you're making for the most part, this part of your comment stood out to me.
When the government says something, think the opposite.
Gov't says: "We want to help children learn!" Gov't does: cut education budget
Gov't says: "We don't want to stifle innovation in the realm of digital currencies!" Gov't does: introduce barriers to entry
Ron Swanson moment.
November 14, 2013, 04:22:47 PM
It is the speculation thread, but I suspect China will follow Stamp and Gox in a massive selloff. They have more weak hands than anybody at the moment, because they represent the most new money. Should the bearish signals prove to be true of course.
single digits by friday.
Is it possible the price could go negative with bitcoin?
Yes, it is...https://bitcointalksearch.org/topic/mike-hearn-foundations-law-policy-chair-is-pushing-blacklists-right-now-333824
Lets be real here. Just like every US $100 bill has cocaine on it, so will every bitcoin wallet be tainted with something. Any "red list" would probably be limited to a very few generations of transactions, as all transactions would be denied in a scenario where all coins are checked. For one thing, it would be impossible to get businesses to sign on for such a thing, as they would have to deny all bitcoin transactions . . . Also, government has said that they do not want to stifle innovation in the realm of digital currencies, which such a thing of course would. This is just more bear food, it is good to have a supply that at least keeps them alive!
November 14, 2013, 04:09:21 PM
The only words that will get through to them are:
Silk Road... Drugs... Anonymous digital currency... Money Laundering... Terrorism (this is a big one)...
And that's all they'll need to know. Prepare for the worst guys.
Silk Road... Drugs... Anonymous digital currency... Money Laundering... Terrorism (this is a big one)...
And that's all they'll need to know. Prepare for the worst guys.
That's why all this talk about looking at charts and saying BTC is going to go to $100K by 2016 is nonsense.
The easy part of the exponential scaling is over, this involved gaining traction of a smaller community of ~100K like-minded people who understand money and liberty.
The next level of exponential scaling will be much harder, this involves becoming more mainstream and either working with (i.e. giving into) governments or outright rejecting attempts to take over the blockchain. It also involves gaining traction with the larger community of people who prefer centralization and government control/protection.
November 14, 2013, 04:06:33 PM
The only words that will get through to them are:
Silk Road... Drugs... Anonymous digital currency... Money Laundering... Terrorism (this is a big one)...
And that's all they'll need to know. Prepare for the worst guys.
Silk Road... Drugs... Anonymous digital currency... Money Laundering... Terrorism (this is a big one)...
And that's all they'll need to know. Prepare for the worst guys.
+1
I don't care how much explaining Gavin, the Twins, or anyone else does. All it's gonna take is one phone call from JP Morgan saying hey terrorists are going to use this to move money and we won't be able to control it. Boom done over end game.
And for all you Chinese are gonna save us believers. America owes the Chinese 1.3 trillion. We are there economy. You think they won't follow suit?
November 14, 2013, 04:02:40 PM
The only words that will get through to them are:
Silk Road... Drugs... Anonymous digital currency... Money Laundering... Terrorism (this is a big one)...
And that's all they'll need to know. Prepare for the worst guys.
Silk Road... Drugs... Anonymous digital currency... Money Laundering... Terrorism (this is a big one)...
And that's all they'll need to know. Prepare for the worst guys.
+1
November 14, 2013, 04:02:09 PM
November 14, 2013, 03:58:53 PM
The only words that will get through to them are:
Silk Road... Drugs... Anonymous digital currency... Money Laundering... Terrorism (this is a big one)...
And that's all they'll need to know. Prepare for the worst guys.
Silk Road... Drugs... Anonymous digital currency... Money Laundering... Terrorism (this is a big one)...
And that's all they'll need to know. Prepare for the worst guys.
November 14, 2013, 03:56:20 PM
I mean really though guys what is there to worry about? A bunch of old senators who can't comprehend a bitcoin, whose campaigns are single handily funded by the greedy corrupt business' and banking establishments of the free world that bitcoin was created to combat, sitting around deciding the regulations for said virtual currency. I totally see them welcoming it with open arms. 
+ 1
If there is one thing I've learned whilst dealing with political people, it's that they don't really care to comprehend anything, only how it effects them or their purposes.
Well, they (senators) could always create a bunch of unlisted addresses and take bribes without anyone knowing...That would be a positive effect on their bottom line and help fund whatever stupid purpose they have in life.
November 14, 2013, 03:55:27 PM
November 14, 2013, 03:53:53 PM
I mean really though guys what is there to worry about? A bunch of old senators who can't comprehend a bitcoin, whose campaigns are single handily funded by the greedy corrupt business' and banking establishments of the free world that bitcoin was created to combat, sitting around deciding the regulations for said virtual currency. I totally see them welcoming it with open arms.
+ 1
If there is one thing I've learned whilst dealing with political people, it's that they don't really care to comprehend anything, only how it effects them or their purposes.
November 14, 2013, 03:51:54 PM
It is the speculation thread, but I suspect China will follow Stamp and Gox in a massive selloff. They have more weak hands than anybody at the moment, because they represent the most new money. Should the bearish signals prove to be true of course.
single digits by friday.
Is it possible the price could go negative with bitcoin?
Yes, it is...https://bitcointalksearch.org/topic/mike-hearn-foundations-law-policy-chair-is-pushing-blacklists-right-now-333824
Haha, first time seeing that...wow...a bit wtf....
November 14, 2013, 03:49:50 PM
November 14, 2013, 03:49:09 PM
I mean really though guys what is there to worry about? A bunch of old senators who can't comprehend a bitcoin, whose campaigns are single handily funded by the greedy corrupt business' and banking establishments of the free world that bitcoin was created to combat, sitting around deciding the regulations for said virtual currency. I totally see them welcoming it with open arms.
November 14, 2013, 03:47:37 PM
It is the speculation thread, but I suspect China will follow Stamp and Gox in a massive selloff. They have more weak hands than anybody at the moment, because they represent the most new money. Should the bearish signals prove to be true of course.
single digits by friday.
Is it possible the price could go negative with bitcoin?
Yes, it is...https://bitcointalksearch.org/topic/mike-hearn-foundations-law-policy-chair-is-pushing-blacklists-right-now-333824
Think you grabbed the wrong quote yo...negative value vs black/red listing addresses/coins
November 14, 2013, 03:43:31 PM
It is the speculation thread, but I suspect China will follow Stamp and Gox in a massive selloff. They have more weak hands than anybody at the moment, because they represent the most new money. Should the bearish signals prove to be true of course.
single digits by friday.
Is it possible the price could go negative with bitcoin?
Yes, it is...https://bitcointalksearch.org/topic/mike-hearn-foundations-law-policy-chair-is-pushing-blacklists-right-now-333824
November 14, 2013, 03:39:29 PM
gox lag 60 seconds -> panic
It is higher than normal. I see about 30-50 seconds lag indicated on Clark Moody
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