Right, the governing body for BTC transactions would never let that hap-... oh wait...
Right, the governing body for BTC transactions would never let that hap-... oh wait...
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Obv...Originally Posted by sonatine
On another point, funny thing is the guy who is head of gox is also a board member of the "bitcoin foundation".
https://bitcoinfoundation.org/about/board
really tho its all so sublime
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Interesting that the announcement of the return of withdrawals hasn't excited the Gox userbase very much.
Price for a bitcoin there is $268 at the time I'm writing this, actually DOWN from last night when the announcement hadn't been made yet.
LOL @ Gox limiting withdrawals when they return. As Belly Buster already pointed out, sure as hell reminds me of Lock Poker.
Lol
Release the hounds.
The idea that sellers will be set loose on the market often does not have a positive affect on price.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
I saw my first porn ad mentioning that they accept Litecoin.
Interesting......
http://news.yahoo.com/first-u-bitcoi...9--sector.html
Robocoin said on Tuesday that later this month it will install the first automated teller machines in the United States that let users buy and sell bitcoin, the latest step into the mainstream for the digital currency.
The kiosks, to be installed in Seattle, and Austin, Texas, are similar to ATMs but have scanners to read government-issued identification such as a driver's license or a passport to confirm users' identities.
The ATMs will allow people to swap bitcoin for cash, or deposit cash to buy more bitcoin by transferring funds to or from a virtual wallet on their smartphones.
I have had Issues with credit cards in Europe
surely nothing can go wrong with that.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
THat is some scary shit bro. So we can take it you've actually bought coins? I thought you hated them? Are you joking with people? Did this happen to you personally? Why never mentioned until now? I'm confused. Obviously thats not how it should work.
It seems likely you were just given some utter bogus info, much like it costing you 30% to buy bitcoins.
Any threads? I'm really quite interested in this stuff and need to know it for business reasons.
Druff - I've heard they've let GOx's price slide because a trading site uses the gox price. One of those sites where you can short, etc. Not the typical 'exchanges'. This is just as likely bs, but it is an explanation. Not even sure if one could do that and peg it to Gox without Gox serviing transactions on the backend of the trading house.
Almost all bitcoin supporters start out as skeptics, but never a bitcoin supporter turns skeptic.
Being confused seems to be working out poorly for you in life and online.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
The same thing can be said about cults like Choice Center.
I'm not comparing bitcoin to a cult, but I am saying that to completely support it, you need a certain mind frame and an ability to ignore various long term realities that plague it.
Once you've adopted that way of thinking (or already thought that way in the first place), you can explain all of the subsequent problems with phrases like "it's a new, groundbreaking concept and there are bound to be bugs" or "it was just implemented wrong in this case" or "people were just gullible in this case".
Online poker taught us that lacking regulation leads to criminal activity and instability. It taught us that there is no self-policing when it comes to huge money. It taught us that the US government only tolerates big-money, illegal, anonymous transactions for so long. I don't know why many of those same people who observed the path of online poker think that bitcoin will not suffer from the same issues.
Also, MtGox at $250 now.
Apparently nobody believes them that withdrawals are around the corner, or otherwise the really smart play would be to load up on $250 bitcoins and watch their value more than double when Gox enables withdrawals.
I like the poker analogy, but I think in poker we are seeing regulation that will lead to more and more online poker, where in bitcoin I think the regulation will lead to extinction. The problem here is going to be that the regulators are going to look at bitcoins and see the anonymity as a regulatory problem, and thus require full disclosure of source of funds, tax reporting, nature of transaction disclosures, etc. Since the primary purpose of bitcoin is to be anonymous I think the regulators ultimately take a look and regulate bitcoins out of existence (at least in the mainstream) by requiring the anonymous feature to go away. If that happens its hard to see a future.The same thing can be said about cults like Choice Center.
I'm not comparing bitcoin to a cult, but I am saying that to completely support it, you need a certain mind frame and an ability to ignore various long term realities that plague it.
Once you've adopted that way of thinking (or already thought that way in the first place), you can explain all of the subsequent problems with phrases like "it's a new, groundbreaking concept and there are bound to be bugs" or "it was just implemented wrong in this case" or "people were just gullible in this case".
Online poker taught us that lacking regulation leads to criminal activity and instability. It taught us that there is no self-policing when it comes to huge money. It taught us that the US government only tolerates big-money, illegal, anonymous transactions for so long. I don't know why many of those same people who observed the path of online poker think that bitcoin will not suffer from the same issues.
By the way I like the idea of Bitcoins philosophically, but they look like ants under a boot to me against the government as this Libertarianism sounds good until it turns into anarchy. Bitcoiners seems to me to be anarchy as they have tried to emerge.
Ill also add that there appears to be significant manipulation in the market (the "insiders" on bitcoin talk talk about it as a given fact) so its hard to see any regulator allowing members of the public to be at risk to the bitcoin market even the individual transactions are disclosed. US prevents you from investing in all sorts of things now, for example you can't buy a lot of foreign securities, you must be an accredited investor to buy many US investments, etc.
Last edited by Charham; 02-18-2014 at 01:02 PM.
What poker taught us is that they were NEVER able to make poker itself illegal. Nor did any political party really wish to criiminalize poker itself. They went after the exchangers. Well frankly to even realistically do most exchange businesses you have to be regulated as a money tranismitter. I believe it is such that if no state law, then federal law takes place. It is a huge bureacratic mess, but nonetheless there are laws that they can go after. AML laws etc. It screwed over Gox at some point, because US just decided to jack their money.The same thing can be said about cults like Choice Center.
I'm not comparing bitcoin to a cult, but I am saying that to completely support it, you need a certain mind frame and an ability to ignore various long term realities that plague it.
Once you've adopted that way of thinking (or already thought that way in the first place), you can explain all of the subsequent problems with phrases like "it's a new, groundbreaking concept and there are bound to be bugs" or "it was just implemented wrong in this case" or "people were just gullible in this case".
Online poker taught us that lacking regulation leads to criminal activity and instability. It taught us that there is no self-policing when it comes to huge money. It taught us that the US government only tolerates big-money, illegal, anonymous transactions for so long. I don't know why many of those same people who observed the path of online poker think that bitcoin will not suffer from the same issues.
What we learned from poker is when laws got worse, they forced the legitimate players out of the business and we got exceedingly shadier people willing to do business.
You can trust 100% in the banking system and that is fine. You see what it did with online poker though, as we learned. So realize bitcoin's BIG point is decentralized money. If you haven't been paying attention, banks are not that popular these days. Worst case bitcoin is regulated to the level of the banking industry, but it'll still be all digital, baby.
You've been against btc from the beginning because Micon is so heavily invested in it. Lets talk about "adopting a way of thinking" and having cult like thinking. I can't say for certain but if your ex-business partner who spurned you was not knee deep in the bitcoin game, you wouldn't be so biased. You've called the end of bitcoins multiple times now. You guys are a riot. You can keep saying "you WILL be wrong and I WILL be RIGHT" over and over, but given hindsight you've missed the ball on this many times.
Anyway, I'll let you guys jerk yourselves off. If anyone wants to really know whats going on, ask Sonatine. He is like a god of knowledge. I learn so many things I never knew previously. Until I read it on here from Sonatine. You guys cherish him and hold him tight. He's a treasure.
All currencies can be manipulated when the market cap of the currencies are signficantly small. I don't think BTC is manipulated that much. I think the altcoin world is.
You make one mistake that I see all too often. Bitcoins have 2 purposes. Store of value and a means to exchange value. Everyone who doesn't really get what bitcoins bring to the table gets stuck on the investment part of it. The investment aspect is somewhat secondary. People call it a Ponzi scheme, but it is a way to buy/sell things from your computer without having to chance being fucked over by paypal. *That* is what bitcoin should be. Instead people just fixate on the number and think of it not for the utility, but as a conduit of speculation. People who have no interest in the sort of stuff one might do with bitcoin will continue to think of it like that, until it is more widely adopted. However when it comes to be regulated out of business, it will be hard to apply the protecting fools investing argument, simply because of the utility it has.
People forget all the dodgy shit that goes on daily with cash...........
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