Topic: When Wall Street will finally jump in? - page 3. (Read 5173 times)

so, true.  most idiots (including many in government) don't know it is a constitutional republic

... besides, democracies can end up be mob rule and dangerous to the minority (just look at the arab "spring")

haha

Fear of the unknown. Most people still think Crypto is a gamble.

They could not be more wrong.

Wall St. is quietly getting in and will be doing more on this.

We are working on some things and others are as well.

It was BofA, I was a little off on the price but $1300 by a bank is still pretty bullish.

http://www.forbes.com/sites/kashmirhill/2013/12/05/bank-of-america-analysts-say-bitcoins-value-is-1300/

Someone not long ago, I think it was BofA, did a valuation on Bitcoin.  I think they came away at something like $1500-$1600.  I'll try and locate the article.

It's a republic.

I pledge Allegiance to the flag
of the United States of America
and to the Republic for which it stands,
one nation under God, indivisible,
with Liberty and Justice for all.

Democracy/socialism are very clever smoke screens.

It is still the master/slave system that has always existed. It has only evolved.

This

That's why the community has been so eager to push it for mainstream adoptation.
Those guys have more money and resources than we do, although they haven't start the race they can catch up fairly easily, so we need to get as much advantage with our head start as possible.

These are the early stages for banks getting involved in bitcoin, and the industry as a whole is hesitant in getting involved before regulators weigh in, says Silbert, the Secondmarket founder. “Banks are waiting for clearer guidance at the federal level on how businesses are having interactions with bitcoin and there is still some questions on the state level,”

http://blogs.marketwatch.com/thetell/2014/03/07/major-banks-are-looking-at-bitcoin/

Your thinking of applications! This is not just application, this is massive global mining infrastructure, retail store Point of Sale systems. Once established, retailers need a real good reason to change to something else, and Bitcoin is achieving that based on cost reduction. What's the winning argument for Bitcoin MK II??

Don't underestimate retail inertia, there is a reason we are still using bits of plastic 60 years after they were invented!

I do not preclude the Litecoins of this world being part of the revolution, but their success will be dependant on their market liquidity, which is crucial for the likes of Bitpay to be able to freely exchange to fiat and thus offer as a parallel option on their POS systems.

bull.  SHIT

Wall St. invented pump n' dump.

If you have nothing nice to say don't say anything at all.

We need to use that thinking more on these forums.

Also, second market starting up an exhange.. HELLO

This. Despite all that talking-point hot air about "deregulation," Wall Street is profoundly regulated. The standard informational bill of fare in the analyst community is 10Ks: documents that listed companies have to provide because the SEC will prosecute if they don't. Or, prosecute if there's a material untruth or omission and the company gets huffy or suspiciously delinquent about cleaning its act up.

As for the regulations that impose registration and knowledge tests on brokers et. al, they are not seen as impediments. They're seen as another notch on the belt, like getting an Ivy-League MBA. Sure, there are angles like setting up a hedge fund, but the hedge-fund 'cowboys' depend upon the accredited-investor-only prohibition against investing in them. That prohibition keeps the hedge fund world pretty much an Ivy Leaguer exclusive club. 

Fact is, what's called 'deregulation' is just loosening at the margins. It's part of a regulatory arms race with regulators on one side and clever securities lawyers on the other. There's a well-established revolving door between the two, which means that there's an underlying sense of collegiality between the two.

We know very well about one side of the collegiality: crony capitalism. But, the other side implies that Wall Streeters think of SEC regulators as a bunch of nice people who help a lot more than they hurt. Add to that the fact that the bulk of SEC prosecutions are small-time scam artists (wrt Wall Street's volume), then add natural human vanity, and you've got a psychological bias towards getting chummy with the SEC.

"Of course we co-operate with the regulators. We're not scummy lowlife penny-stock con men."

In fact, one of my hunches about why Madoff was never found out until he confessed was because the SEC fell into the mindset of "he's too big to be crooked." Too big to be crooked...that proved to be a helluva blind spot.

Brass tacks: if financial services were really - completely - deregulated, the whole industry would be gutted.

Three words bro.

Friends Reunited.

Myspace.

When is that about to start?

Clearly you don't understand the internet concept of "First to critical mass wins".
Although in theory bitcoin can be copied and improved on, the facts on the ground are that the majority by far of value is in
the bitcoin network and the rapidly expanding retail network accepting bitcoin. Try nipping down to your high street and buy your
aunts birthday present with quarks!!

Thats backward thinking... it doesn't matter what the value per coin is, because if some whale puts $10M on the market and it goes up 30% - thats still a 30% INCREASE on $10M

infact, those wall street guys probably buy in at every dip and offload at the top again and again

That's exactly why bitcoin is more popular in China. Your bit coins are out of the control of government theft through jail/murder/lawsuits/regulations. As long as you control those private keys, those bitcoins are safe.

Also, who says Wall Street is not on board bitcoins? Winklevosses are working on a bitcoin etf. Once the eft goes live, institutional investors will jump aboard.