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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 07, 2014, 07:12:07 PM
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. But the HSBC case went miles beyond the usual paper-pushing, keypad-punching sort-of crime, committed by geeks in ties, normally associated with Wall Street. In this case, the bank literally got away with murder – well, aiding and abetting it, anyway."
Apples and oranges. Would you really want to carry around a piece of paper worth millions of dollars?
Sigh, the standard knee-jerk responses... They miss the point. The point is not "I don't like bitcoin because it helps criminals" nor "XXX is better than bitcoin". The point is that governments will stamp out crypto, like they got rid of BSCs, if they perceive that crypto is actually going to do what it was intended to do.
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303
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 07, 2014, 06:49:50 PM
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For one thing, if one day it may look like like they may succeed in their goal -- bypassing government controls on money flow and supply --, then governments will surely ban them.
Governments do not have control of money flow and supply. Banks do. Whatever, it does not change the problem. The controls I am referring to include their fight against money laundering, illegal commerce, bribery, embezzlement, tax evasion, blackmail, financing terrorism, sabotage and assasinations on their soil, ... If governments get to see cryptocurrencies as a significant obstacle to their efforts against those things, they will clamp down on them -- make crypto commerce illegal, raid servers, co-opt or infitrate crypto outfits, etc. With full support from the banks, of course. Bearer stock certificates (BSCs) were numbered but anonymous pieces of fancy paper that certified the bearer as owner of so-many shares of some company. BSCs of major companies were fungible and untraceable, like dollar bills; but one certificate could be worth thousands of dollars, so they were much more convenient than cash or gold for large payments that had to be hidden from the government, and to take money across borders. Moreover, their value would grow over time, so they could be used to safely store wealth for decades, out of the reach of government. BSCs of course were favorites of criminals and tax evaders. Surprise, companies no longer issue BSCs, and they have been outlawed in many places (~20 years ago in Brazil, IIRC).
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306
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Economy / Securities / Re: Neo & Bee talk (spam free thread)
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on: July 07, 2014, 03:37:07 PM
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Any news?
Not that I know of. Someone in Cyprus claimed that, thanks to a Post Office error, he got a postcard from the MtGOX liquidators that was addressed to Danny Brewster. The address was in Pyla, a village in the UN buffer zone, near a British military base. He claims that he went o the police but they told him that it was an old address; which seems likely given what we know of Danny's actions in Cyprus and the time of MtGOX's demise. There is a thread about that: https://bitcointalk.org/index.php?topic=676302.0
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308
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Other / Off-topic / Re: Answer the question above with a question.
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on: July 07, 2014, 08:25:09 AM
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Dind't you notice that you are supposed to answer the question above with a question, so if you start with a statement that is not a question and answers the question above you are not honoring the only rule of this game? Have you noticed that the response you just posted didn't exactly follow the guidelines as well? Posted from Bitcointa.lk - #yoju4h9hAzBYgLoiWas I supposed to avoid coordinated sentences as well as multiple sentences?
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309
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Other / Off-topic / Re: Answer the question above with a question.
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on: July 07, 2014, 08:07:11 AM
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Do you think "no" is a question? Of course not. I can make a statement before asking a question, can I not? Posted from Bitcointa.lk - #WwNsGAuBrw5YnzKwDind't you notice that you are supposed to answer the question above with a question, so if you start with a statement that is not a question and answers the question above you are not honoring the only rule of this game?
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310
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 07, 2014, 04:49:04 AM
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Hm, could it be that... the Chinese TV started showing some Wold Cup soccer game at 10:30 am local time (02:30 UTC)?
EDIT: if that is true, expect things to start moving again at 04:15 UTC.
There we are... it took a bit longer than predicted: 4:27 UTC, rather than 04:15. Perhaps the game went on to the tie-breaking extension? Anyway, by that time it was lunchtime (12:27 local). So the volume will probably pick up for good around 05:30, like last Monday.
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312
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Bitcoin / Bitcoin Discussion / Re: US Marshalls auction SilkRoad bitcoins
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on: July 07, 2014, 03:30:26 AM
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protip: just because something is visible at blockchain.info, that something is not necessarily embedded in The Blockchain.
But it *is* possible to embed messages in the blockchain, isn't it? Only it is strongly discouraged, I gather?
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314
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Other / Off-topic / Re: Answer the question above with a question.
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on: July 07, 2014, 02:14:25 AM
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It wasn't clear enough, wasn't it? Maybe I just misunderstood. Could be my fault, could it not? Posted from Bitcointa.lk - #lJlIBqLlhJBrNWARWhy must it be someone's fault but instead only a misunderstanding? Do you want to rephrase that? Why are you asking?
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315
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Bitcoin / Bitcoin Discussion / Re: US Marshalls auction SilkRoad bitcoins
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on: July 06, 2014, 11:17:44 PM
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Reading the weird messages from the dust transactions to the address is entertaining That's another great advantage of bitcoin over the obsolete payment systems. You would never get such fun as spam, hate mail, and mockery on you bank account statement. Anonymous messages that you cannot erase and everybody can read. Way to go, bitcoin. protip: just because something is visible at blockchain.info, that something is not necessarily embedded in The Blockchain. Thanks for the correction. Does blockchain.info provide a way to protect people from such unwanted associations?
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316
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Other / Off-topic / Re: Answer the question above with a question.
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on: July 06, 2014, 10:32:23 PM
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There is too much meta-uncertainty in this thread; shouldn't we define precisely what a question is? I agree with you. I found a definition as such : "a sentence worded or expressed so as to elicit information." -- I don't know if that precisely defines anything though. What do you think? Posted from Bitcointa.lk - #MZFRxgSU6FpdLJU7What do you think it defines? Would you agree that the definition above is not appropriate for this this thread, where a question is supposed to elicit another question?
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319
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Other / Off-topic / Re: Answer the question above with a question.
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on: July 06, 2014, 08:37:39 PM
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I should think so, don't you?; but it will soon be party time here as well and a good thing I think; how about you? I think the better question will be "how will you be", correct? Posted from Bitcointa.lk - #mJzOqlnGvEmq5t2CThere is too much meta-uncertainty in this thread; shouldn't we define precisely what a question is?
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