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re: Bit Coins...Buyer's market or not?
Posted on 5/15/13 at 4:18 pm to LSURussian
Posted on 5/15/13 at 4:18 pm to LSURussian
He left you out of his mushy post about loving me and vols. You mad brah.
1
Posted on 5/15/13 at 4:20 pm to TrueTiger
quote:
So, what is the next step for BTC?
Right now, bitcoin is transitioning from amateur hour to venture capitalist boom. The existing exchanges will likely be pushed out of business by well funded new ventures like Coinsetter, among others, that will be more on the up and up with the legal processes required to remain in business.
This will allow the public the gain confidence in bitcoin as it grows.
quote:
How does it make the transformation to untouchable?
Eventually we're going to see two things happen:
1. Decentralized exchange networks will develop. This will make it easier to get money into and out of bitcoin more anonymously than the VC backed exchanges I mentioned before.
2. The need for exchanges will diminish. As the bitcoin economy grows, the need for exchanging USD (or other fiat) into bitcoin will become less and less. Why exchange into USD when you can just directly pay a merchant with BTC? Or, why take fiat and buy BTC with it when you can just get paid directly in BTC for your labor?
Once #2 happens, it's over for governments. Right now, the exchanges are the choke point, and that's where you'll see governments concentrate their actions, but they will ultimately be unsuccessful at stopping the revolutionary change that is happening. And I readily admit that it may not be bitcoin that survives, but some form of decentralized crypto-currency will.
This post was edited on 5/15/13 at 4:22 pm
Posted on 5/15/13 at 4:22 pm to Broke
I'd be pissed if he had included me.
Once he refuses to reply directly to your posts he will start excluding you as his new best friend, too. The way you accomplish that achievement is to bitch slap him so many times he goes into a permanent pout.
Once he refuses to reply directly to your posts he will start excluding you as his new best friend, too. The way you accomplish that achievement is to bitch slap him so many times he goes into a permanent pout.
Posted on 5/15/13 at 4:23 pm to WikiTiger
quote:
Once #2 happens, it's over for governments.
You serious Clark?
Posted on 5/15/13 at 4:25 pm to WikiTiger
quote:
I readily admit that it may not be bitcoin that survives
Yes, you have been consistent with this.
Someone has to play the Wright brothers' role.
Posted on 5/15/13 at 4:27 pm to LSURussian
quote:
Once he refuses to reply directly to your posts he will start excluding you as his new best friend, too.
No way he ever considers me a friend. Nor should he.
I'm not friends with any of you idiots.
This post was edited on 5/15/13 at 4:27 pm
Posted on 5/15/13 at 4:27 pm to WikiTiger
Yes, I do think it should be a crime. Facilitating others to hide their criminal activity is worth suppressing. The law is clear on the requirements for businesses engaging in money transfers for customers, and MtGox filed a fraudulent application seeking to avoid following the law.
Same sort of penalties as Michael Milken was subjected to.
Same sort of penalties as Michael Milken was subjected to.
Posted on 5/15/13 at 4:28 pm to WikiTiger
quote:
that will be more on the up and up with the legal processes required to remain in business.
This will allow the public the gain confidence in bitcoin as it grows.
So now you've switched sides? Only through government supervision can trust be developed in bitcoin by the public?
Interesting....
.
quote:
Once #2 happens, it's over for governments
So the government's supervision of bitcoin exchanges which, as you've posted, will create trust in bitcoin by the public, will lead to the government not being able to supervise bitcoin???
Posted on 5/15/13 at 4:29 pm to Poodlebrain
quote:
Yes, I do think it should be a crime. Facilitating others to hide their criminal activity is worth suppressing. The law is clear on the requirements for businesses engaging in money transfers for customers, and MtGox filed a fraudulent application seeking to avoid following the law.
Same sort of penalties as Michael Milken was subjected to.
Thanks, Poodle, for going on record!
Posted on 5/15/13 at 4:30 pm to Broke
quote:
No way he ever considers me a friend. Nor should he.
I'd sit down and drink a pop with you, bro.
Posted on 5/15/13 at 4:31 pm to Broke
quote:
I'm not friends with any of you idiots.
That's Mister Idiot, to you!
Does this mean you're gonna cancel our Ruth's Chris dinner date?
Posted on 5/15/13 at 4:36 pm to LSURussian
quote:
That's Mister Idiot, to you!
Does this mean you're gonna cancel our Ruth's Chris dinner date?
No. I will eat a steak with you. But we won't hug it out as friends when we leave. You'll get in your truck and get the frick.
Posted on 5/15/13 at 4:36 pm to Broke
Unless you're cute.
Posted on 5/15/13 at 4:37 pm to WikiTiger
quote:
Once #2 happens, it's over for governments
Ummm, no.
Posted on 5/15/13 at 4:41 pm to Broke
Whose crime was worse...MtGox or HSBC?
Posted on 5/15/13 at 4:43 pm to Broke
quote:
I'm not friends with any of you idiots.
Well then you can kiss my balls sir
Posted on 5/15/13 at 4:44 pm to WikiTiger
I would have to say HSBC. But they paid their 2 billion and are square with the house imo.
Posted on 5/15/13 at 4:45 pm to Vols&Shaft83
quote:
Well then you can kiss my balls sir
I don't count anybody here as an enemy. I just don't agree with some people and I think others are somewhat delusional.
Posted on 5/15/13 at 4:52 pm to WikiTiger
quote:
Whose crime was worse...MtGox or HSBC?
HSBC, but that's kind of a dumb question. We don't know what skeletons are still in the Mt.Gox closet, YET!!! HSBC has also paid $1.9Billion in fines, so far
Posted on 5/15/13 at 4:54 pm to Broke
quote:
I don't count anybody here as an enemy. I just don't agree with some people and I think others are somewhat delusional.
Ok, well maybe I overreacted
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