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farmer
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End of bitcoin?

April 23rd, 2014, 4:49 pm

QuoteOriginally posted by: farmerWhat will libertarians do when weed is legal? Dance really badly, no matter who tries to discourage them?Seems these dipshit self-styled subversives read my post. The guy who runs "Burning Man" anarchy festival is angry that Cliven Bundy is breaking the law. So to illustrate the pitfalls of lawlessness, he has announced today that he will hold a giant dance party in the desert. It is billed as "anything goes" which, of course, will be limited to really bad dancing.There are legitimate issues of the rule of law, when the US Senate majority leader takes on an individual over the right of the federal government to collect grazing fees. He can't get a waiver like people who don't like Obamacare, or illegal immigrants?But these so-called subversives are living in a kiddy land of weed and dancing.
 
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Alan
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End of bitcoin?

May 1st, 2014, 3:36 am

Busted but not broken. The State of Silk Road and the Darknet MarketplacesThe creepiest and most outrageous thing is the "crowdfunded assassination list". Here is more on that: Meet The 'Assassination Market' Creator Who's Crowdfunding Murder With Bitcoins
Last edited by Alan on April 30th, 2014, 10:00 pm, edited 1 time in total.
 
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farmer
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End of bitcoin?

May 11th, 2014, 7:34 pm

I wouldn't call it a genius idea, but I had a lightbulb light up about a bitcoin private ledger. So I searched "bitcoin bank" on google and the first result was:Quoteflexcoin | the bitcoin bank - Bitcoin Bank - Access Bitcoins ...www.flexcoin.com/Flexcoin is shutting down. (March 3 2014). On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet. The attacker made off with 896 ...Lol, ah well. Not much use, if the private ledger has to use the standard ledger.Here is a brainstorm: The bitcoin ledger is the stupidest idea in the history of commerce.Maybe illegal things are actually really popular. Like murder. So there is this huge need for a criminal currency for something other than weed. Rather than voting, or protesting or whatever, to change the law, everyone will just use bitcoin. Got a problem with democracy? Bitcoin can solve it. Government only lets you have one kid? No problem, buy like a second kid somehow with bitcoin.Fiat currencies and gold are going to hell any minute now. Not like that reliable bitcoin. A bitcoin today is worth a bitcoin yesterday is worth a bitcoin tomorrow.The problem is not the bitcoin ledger, it is human error. Humans just need to evolve to use bitcoin. These are growing pains. There is a whole planet of aliens who use bitcoin somewhere, and it never gets robbed. In the past, only stupid people who knew nothing about computers or encryption used bitcoin, so of course they got robbed.
Last edited by farmer on May 10th, 2014, 10:00 pm, edited 1 time in total.
 
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Alan
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End of bitcoin?

May 26th, 2014, 4:54 am

Remember the big run-up of bitcoin to $1200? Not even a bubble -- just more Mt. Gox shennanigans: Report Suggests Mt Gox Fraud Led to $1200 Bitcoin Price Here is the Report
Last edited by Alan on May 25th, 2014, 10:00 pm, edited 1 time in total.
 
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Alan
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End of bitcoin?

May 26th, 2014, 2:33 pm

Yes, the whole Mt Gox thing would make a nice detective book for somebody -- are you listening Michael Lewis?
 
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Alan
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End of bitcoin?

October 11th, 2014, 5:46 pm

Interesting price actions. Oct 6 known due to ~ 30,000 BTC (~9mil USD) sell limit order placed at $300, now termed the "BearWhale"Not an outrageous order, given total USD exchange trade vol of around $5mil/day, and the market proved quite resilient to that one,with a fill in about 6hrs. Whether or not the earlier downside spike ~ 4pm/Oct 5 was due to the same trader does not seem to be known. Source: bitcoincharts.com
Last edited by Alan on October 10th, 2014, 10:00 pm, edited 1 time in total.
 
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Collector
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Joined: August 21st, 2001, 12:37 pm

End of bitcoin?

October 29th, 2014, 10:14 pm

Arthur Levitt, the longest-serving chairman of the Securities and Exchange Commission, is joining the advisory boards of two bitcoin-focused companies.
Last edited by Collector on October 29th, 2014, 11:00 pm, edited 1 time in total.
 
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Collector
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End of bitcoin?

October 29th, 2014, 10:15 pm

LedgerX Hopes to Establish First U.S.-Regulated Options Exchange for BitcoinLedgerX hopes to become the country's first bitcoin options exchange with Uncle Sam's blessing.
Last edited by Collector on October 28th, 2014, 11:00 pm, edited 1 time in total.
 
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Collector
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End of bitcoin?

October 31st, 2014, 12:16 am

Crypto-Gold:I think a crypto-currency backed by gold could be interestingA Crypto Currency Backed By Gold?The advantage of gold backed (if non fractional) + the easy to use since digital, and security because encrypted....The barriers or cost to produce new non backed digital crypto currencies are very small. The barriers to produce crypto-backed-gold is limited by gold supply...in future there will be crypto-gold, crypto-platinium and crypto-silver money, at least as an addition to other money systems... likely both fractional crypto-gold, and 100% backed crypto-gold.
Last edited by Collector on October 30th, 2014, 11:00 pm, edited 1 time in total.
 
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Alan
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End of bitcoin?

October 31st, 2014, 2:12 am

QuoteOriginally posted by: CollectorLedgerX Hopes to Establish First U.S.-Regulated Options Exchange for BitcoinLedgerX hopes to become the country's first bitcoin options exchange with Uncle Sam's blessing.I can't see it working if the options will settle based on some spot index, given the relatively small amounts of money needed to manipulate the market.See the chart I posted; there's the recipe to force a $20 move that persists for 6hrs. Maybe Asian-style options could work though ...
 
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Collector
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Joined: August 21st, 2001, 12:37 pm

End of bitcoin?

October 31st, 2014, 8:25 am

QuoteOriginally posted by: AlanQuoteOriginally posted by: CollectorLedgerX Hopes to Establish First U.S.-Regulated Options Exchange for BitcoinLedgerX hopes to become the country's first bitcoin options exchange with Uncle Sam's blessing.I can't see it working if the options will settle based on some spot index, given the relatively small amounts of money needed to manipulate the market.See the chart I posted; there's the recipe to force a $20 move that persists for 6hrs. Maybe Asian-style options could work though ...yes, clearly asians makes more sense here... just found my old Asian Option pyramid logo....pyramid math very useful indeed
Last edited by Collector on October 30th, 2014, 11:00 pm, edited 1 time in total.
 
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Collector
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Joined: August 21st, 2001, 12:37 pm

End of bitcoin?

November 5th, 2014, 7:41 pm

UK hopes to lead world in financial technology so is turning to users of digital currencies for fact-finding mission"The government is asking the bitcoin community for advice on dealing with cryptocurrencies, in an effort to bolster Britain?s lead in the financial technology sector.""The Treasury will be looking at examples of regulation in other countries, but emphasises that the lead will come from responses to its own call for information. ?Digital currencies and digital currency exchanges are currently unregulated in the UK,? said a Treasury spokesman."
 
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Traden4Alpha
Posts: 23951
Joined: September 20th, 2002, 8:30 pm

End of bitcoin?

November 6th, 2014, 11:15 am

QuoteOriginally posted by: CollectorUK hopes to lead world in financial technology so is turning to users of digital currencies for fact-finding mission"The government is asking the bitcoin community for advice on dealing with cryptocurrencies, in an effort to bolster Britain?s lead in the financial technology sector.""The Treasury will be looking at examples of regulation in other countries, but emphasises that the lead will come from responses to its own call for information. ?Digital currencies and digital currency exchanges are currently unregulated in the UK,? said a Treasury spokesman."Sounds like they should invent "Britcoin"Bitcoin looks like an interesting medium of exchange, but it sucks as a store of value. Part of that problem may be immaturity and the lack of fixed-prices denominated in BTC, but I think the bit coin creation rate algorithm is fundamentally flawed in ways that foster price bubbles and volatility.I'm sure the UK could do much to aid the development of a 21st digital currency, banking system, and marketplaces although the trick would be to lend support to the technology and infrastructure companies without creating the impression of too much government oversight.
 
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Alan
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End of bitcoin?

November 6th, 2014, 12:48 pm

The UK is probably worried about Bitstamp. From Wikipedia:QuoteBitstamp, based in United Kingdom, is the world's second largest Bitcoin exchange by volume. The company operates from the United Kingdom, and is headed by CEO Nejc Kodrič, who co-founded the company in 2011 with Damijan Merlak. The company initially operated in Slovenia, but moved its operations to the UK in April 2013 ...The company is registered in Reading in the UK, but this is in fact just the offices of UK PLC, a company specialising in company formation and which, amongst its services, allows companies to use its own address as their registered office, effectively acting as a forwarding address. There is no clear information available as to where this company is based or whether they actually have any presence at all in the UK or are still run out of Slovenia
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