This is definitely the last one today, if you don't believe NOR know math you can go home If you do either, and buy bitcoins, you will be very rich  



I used a cocktail party example today, regarding bitcoin's utility and adoption:

When 1 person in the ball of 1000 (0.1%) uses bitcoin, it means zero utility and 1 evangelist vs. 999 crowd. It takes 999 one-on-one conversations to tell everybody about a thing that is completely useless, so it is very slow.

This must grow by 100% to reach

When 2 people in 1000 (0.2%) use bitcoin, it means 1 utility (utility is defined by number of connections between bitcoin users, expressed as a factorial (k-1)!) and 2/998. It takes 499 conversations to tell about a practically useless thing.

This must grow by 100% to reach

4 people in 1000 (0.4%) -> 6 utility (4-1)!, 4/996. It takes 249 conversations to tell about a thing that is slowly getting useful, and the group pressure begins to form, as the same conversation may have 2 bitcoin users.

This must grow by 100% to reach

8 people in 1000 (0.8%) -> 5040 utility (8-1)!, 8/992. It takes only 124 conversations (8 times faster spread than when bitcoin had 1 user and no utility, and the utility is growing very fast)

This must grow by 100% to reach

16 people in 1000 (1.6%) -> 1.3*10^12 utility (16-1)!, 16/984.

SINGULARITY

When this is reached, the utility tends to infinity.

Notice that it took exactly as much time to reach 2 from 1 as it takes to reach 7 billion from 2.

In this example, we are now half way between 1 and 2 people, and bitcoin is slowly exhibiting any utility whatsoever. If the utility does not correlate with spread, we will reach $300k anyway, but it will be 3 years from now. If it does correlate, bitcoin adoption can and will happen in 3-6 months.

- The utility will grow factorially (factorial growth >> exponential growth(!))
- The spread rate is inversely correlated with the number of current users

not that i know anything about TA, just feeling artistic

Just relax, if you look at the market, its quite obvious that someone wants to bring the price down to buy some more cheap coinz. It will happen soon 

You know, i was so tired to find a point of entry that i was going all in at that very news

Oh that one is absolutely beautiful. Wish I had known about this earlier...

The 11th. day of May shall be known as Bitcoin Doomsday from now on.

I think he is joking - irony, sarcasm, etc.

Anyhow, I've been quite bearish like Cedivad lately - but we have to acknowledge that so many bears in these forums is a bullish signal. Everybody is waiting to buy - which usually means they that already sold what they had to sell... Which is obviously uber-bullish.

Next days are very important. If tomorrow we have a rally and we really leave $110 behind with reasonable volume to support the move, I'd say that the capitulation is over and we are at the gates of consolidation phase. Yeah, we may visit again double digits with some big dump/flash crash, but something lower than $70ish would feel unrealistic at this point. I'd therefore take up all my bids - a lot. I'd still not go all in to try to profit from from any crash we may face... I remember with joy the fork, so glad I was ready for it.

He might call it bearish because the bear trendline (going down the tops) is steeper than the bull line (going up the bottoms).

I wanted to post the same chart but many others here beat me to it.Something big is going to happen around May 13th. I lean slightly to the bullish side thank to recent positive news but where it goes is anyone's guess. For anyone who has some surety as to where we will go next: It's either time to buy coins or buy fiat. Movement is coming

This might be the stupidest question ever, but if the amount is followed by a green up arrow, it is a purchase I assume?

It's "DAN DAN DAAAAAANN!"

 

6 could be pro bull no?... converging on 100, and next week is mid May

5 could change

How about a Bitcoin exchange located on this?
http://aboardtheworld.com/our_story
Completely untangled from government regulation

mostly it was because noobs where trading on 1:10  


but i think leveraged trading can bring some stability to bitcoin
lend your bitcoins at 20% interest at
https://www.bitfinex.com/
 

The law in america is some kind of joke. Essentially you can just randomly sue people and keep them locked up in court for eternity as long as the government likes you (i.e, keeps on accepting your appeals).

mt gox seizure? link or context. i think i missed something

I thought the more interesting line was

"confirmed to CNET that the feds had initiated legal action to halt Dwolla processing Bitcoin transactions".

Which should include campbx? Are they trying to halt Bitcoin or MtGox? Hopefully the latter.

Is anyone using bitcoinwisdom.com ? I just stumbled upon it via reddit and I'm shocked I never knew about it. It's like clarkmoody...but with better graphs and a harder to read order book... at least to my eyes.

It's almost as good, but I prefer clarkmoody's graph, even if it's sometimes buggy. But I like that this graph is steeper looking.

Thanks telemaco, and this article is a good find.

Maybe is just a continuation of the limitations in United States against online gambling

Why don't you open an exchange?

Let's see if you can do better.

To date, no one has done better.

Your are free to start your own and better exchange.
Mark didn't start mt.gox, it was the previous owner whom this magic the gathering card plan originated from.

Please.  You're on *speculation forum*  bitching about an overseas currency exchange.  You are not a saver.  You're a speculator -- chin up, bud!  

+1

Complain all you want, just don't come with bullshit such as "mark should go to jail".

Be patient, everything is cool.  We were actually at 123 pretty good all morning.  Bitstamp has remained over 118 since. Now with what Samson just laid out, I see "traps" everywhere....I don't know what to do.  

Edit:  Well...there goes that 500BTC over on Bitstamp.

BOOM!

That's what I experienced in the past with Bitstamp. There is much hidden bid-power.


telemaco: Bitfinex?

You said you use a stop-loss. I was indirect asking: where do you trade and put a stop loss.

I think theres some logic there. Stability was needed for more than one reason. I see it as perfectly reasoned for vested interest players to collude like this, and i dont see that as a negative thing right now.  

If you live your life by Occam's Razor you are going to get fucked up by the first smart person who doesn't like you.

I like Japanese culture  (I'm about your proverb about water moving)

That should be easy enough... ....oh wait...

We have done this so many times.

Where were you in all the volatility?...oh wait your profile...

I'm happy with AM, but LTC honestly has been better to me, but not by much.

The problem with this discussion is that there's no one on the Bitcoin side.

Gold bug 1: "I think gold is good."
Gold bug 2: "I also think gold is good."
Gold bug 1: "Ah, question answered then!"

Please bring Jon Matonis to the discussion next time!

Asteroids are the best real estate in the Solar System.

Despite their celestial age, our understanding of asteroids is still in its infancy. However, the more we learn about them, the more enticing destinations they become.

Asteroids are primordial material left over from the formation of the Solar System. They are scattered throughout it: some pass close to the Sun, and others are found out beyond the orbit of Neptune. A vast majority have been collected by Jupiter’s gravity into a belt between it and Mars – an area known as the Main Belt. As it turns out, we have been discovering thousands of asteroids that do not belong to the Main Belt, but instead pass near Earth’s orbit – nearly 9,000 to date, with almost a thousand more discovered every year.

Many of these near-Earth asteroids are easily accessible from Earth. And many contain enormous quantities of accessible resources.

AN INCREDIBLE RESOURCE
There are over 1,500 asteroids that are as easy to get to as the surface of the Moon. They are also in Earth-like orbits with small gravity fields, making them easier to approach and depart.

Asteroid resources have some unique characteristics that make them especially attractive. Unlike Earth, where heavier metals are close to the core, metals in asteroids are distributed throughout their body, making them easier to extract.

Asteroids contain valuable and useful materials like iron, nickel, water, and rare platinum group metals, often in significantly higher concentration than found in mines on Earth.

We are only just beginning to realize the incredible potential of asteroids. The first encounter of a spacecraft with an asteroid was in 1991, as the Galileo spacecraft flew by the 951 Gaspra asteroid on its way to Jupiter. Our knowledge of these celestial neighbors has been revolutionized by a small set of US and international missions carried out since that time. With each visit or fly-by, the science on asteroids has been rewritten.

You do not need mass adoption. Sure, to see the $300k per BTC predicted by rptard you need mass adoption. But I personally don't need to see $300k per BTC.

I'm happy with a system that gives me and the ones like me monetary freedom. A decentralized, trust-free system which allows me to store and transfer value independently from financial institutions. A system that no Government can kill, where my funds cannot be seized.

Yes, it sounds like "paradise" for black market. The truth is that it is, and what Coinseeker does not seem to understand is how fucking big is black market's economy. But it's also a paradise for those who want an hedge on the current, rotten financial system - as telemaco just said.

If you are worried about not seeing mass adoption and thus "cheaper" coins, do not worry. As you can see with drugs, everything that is banned and difficult/dangerous to get comes with a premium. Yet, I do not think there will ever be 6 figures coins in a global ban scenario - but 4 figures coins? You can take it for GRANTED.

So how long will it take you to pay for all of their overspending?

•         To pay back one million dollars, at a rate of one dollar per second, would take you 11.5 days.
•         To pay back one billion dollars, at a rate of one dollar per second, would take you 32 years.
•         To pay back one trillion dollars, at a rate of one dollar per second, would take you 31,688 years.
The median American household income is about $50,000 per year. That translates to less than one tenth of one cent per second.
So, if your family earns $50,000 per year, and if you spend none of that on food, rent, transportation, income tax or even pursuing your own happiness, and if you take all of your family’s household income and use it — not to pay down the government’s current debt, but just to pay down the $1 trillion in new debt that the government overspends each year – it would take your family 32 million years to pay for it.
                                                                       
Now, multiply that by 16 – because the government is now $16 trillion in debt – to see how long it will take for you to pay it back. 

That’s five hundred and twelve million years.  Yes, 512,000,000 years.


Read more: http://www.foxnews.com/opinion/2012/09/07/how-long-will-it-take-us-to-pay-back-16-trillion-in-debt/#ixzz2Uc41ZTQi

To pay back one million dollars, at a rate of one dollar per second, would take you 11.5 days.
•         To pay back one billion dollars, at a rate of one dollar per second, would take you 32 years.
•         To pay back one trillion dollars, at a rate of one dollar per second, would take you 31,688 years.
The median American household income is about $50,000 per year. That translates to less than one tenth of one cent per second.
So, if your family earns $50,000 per year, and if you spend none of that on food, rent, transportation, income tax or even pursuing your own happiness, and if you take all of your family’s household income and use it — not to pay down the government’s current debt, but just to pay down the $1 trillion in new debt that the government overspends each year – it would take your family 32 million years to pay for it.
                                                                        
Now, multiply that by 16 – because the government is now $16 trillion in debt – to see how long it will take for you to pay it back.  

That’s five hundred and twelve million years.  Yes, 512,000,000 years.

Yeaaah i am not on the forum all the time like you sarc.. i have patients to deal with.. but seriously has any of the TA ever proven correct??

Denial stage.
Long way to go. 

I was on your same boat.

Sold my shares two days ago before this final (hedging) push up. I regret it atm but I still believe they are definitely going into a bubble. Asicminer depends on the btc economy whether you like it or not. Sooner or later they will correct. In hindsight I was kinda rash on my decision to sell, but truthfully there's not much volume there so waiting for a trend change is pretty risky. I'd say be very cautious if you hold.

First, your questions - I imagine some people are just going to move their money off, probably not a huge deal. For some people it is a huge deal though. If they lengthen things, then people might get pissed.
Things don't look good short term, the Gox thing was just icing...

Are your numbers a past average? Gox is 40% and Bitstamp at 20%!
edit - Woops, I was looking at the wrong column.

How does that push up (or down) the price? It was obviously a failed (at no loss) attempt to freak people out, then return the wall once the asks fill in.

I might help you guys reach 72$ again

If the potatos get smaller the trend weakens, so no.

"Die dümmsten Bauern haben die dicksten Kartoffeln."

But the current potato can still grow so lets see.

what size ball

Guys what was the name of that charts website with nintendo sounds?

No, it was something trading.i386.com something like that

for the first time ever i try to speculate rather than to just cost-average buying bitcoin. my buy order is at 83.something but it's no quantity you would easily find
So according to Murphy's law, we will never fall below 83 again or if we do, go to 0.

place your bids at 90 and pray to wtv god(s) you believe in.  

89.5 if you're feeling lucky

why not?

We need a scammer tag for ads. That would be an innovation!

Not to mention one of Google's employees worked closely with Satoshi in developing Bitcoin in the early years

Source: https://www.youtube.com/watch?v=mD4L7xDNCmA  (First 15 seconds)

the syria situation won't do jack shit to the going rate of bitcoin.
it's still too obscure for that, anyone else thinking otherwise is retarded

Fuck off, i am a bundle of pure logic. 

Rocky Road is still one of my favorite flavors
By Jordan on August 29th, 2013

Starting three months ago we have enjoyed serving some individuals and companies involved in bitcoin that are within our field of membership.   While exciting, this has also been during a period of increased interest from the press, regulators, and other financial services entities that make up the financial community.   In doing this, certain operational and regulatory issues came up including some that apply to new credit unions like ours.

Our credit union has worked within the evolving regulatory environment, which has not always been easy.   This is a long not a short road and sometimes with detours.  Until we have further clarity, we are unable to service some of our corporate members.

On a positive note, we are finding all involved are interested in a stable environment for bitcoin and other innovative technologies.

I'm noticing an interesting phenomenon where positive news = dump btc for fiat (more likely you will be able to get your fiat off exchange later) and negative news = panic buy bitcoin (fiat might get locked on exchange for various reasons). This is pure insanity.

True. I noticed after posting that the .5k was eaten in two gulps, not one.

I've since made some coffee.

I agree inflation will follow deflation, but neither you nor I have any clue how long deflation will last. Could be weeks, months or years.

Obama just re-affirmed QE-Tapering.... http://www.zerohedge.com/news/2013-09-05/did-obama-just-appoint-himself-fed-chair

Probably not so good for bitcoin

Stagflation, a portmanteau of stagnation and inflation, is a term used in economics to describe a situation where an inflation rate is high, the economic growth rate slows down, and unemployment remains steadily high. It raises a dilemma for economic policy since actions designed to lower inflation may exacerbate unemployment, and vice versa.

Responses

Stagflation undermined support for Keynesian consensus. The rise of conservative theories of economics, including monetarism, can be traced to the failure of Keynesian policies to combat stagflation or explain it to the satisfaction of economists and policy-makers.[citation needed]
Federal Reserve chairman Paul Volcker very sharply increased interest rates from 1979–1983 in what was called a "disinflationary scenario." After U.S. prime interest rates had soared into the double-digits, inflation did come down; these interest rates were the highest long-term prime interest rates that had ever existed in modern capital markets.[27] Volcker is often credited with having stopped at least the inflationary side of stagflation, although the American economy also dipped into recession. Starting in approximately 1983, growth began a recovery. Both fiscal stimulus and money supply growth were policy at this time. A five- to six-year jump in unemployment during the Volcker disinflation suggests Volcker may have trusted unemployment to self-correct and return to its natural rate within a reasonable period

Anything that relies on AES encryption is compromised. Don't give me "yea but 256 takes so much longer to brute force than 128 bit" blah blah. If the US Gov has an unprecedented method to speed up brute force of 128 bit, they can surely use it on 256 bit.

*edit* re encrypting wallets ^

You kids have to start thinking outside the box.  Me & my cryptobuddies at NSA have been cracking SHA256 way before it hit mainstream.  
Mechanically

Or tapping all the telegraph lines, In 1864.
Operation Five Eyes, since the 1940's

Ever wonder why the NSA decided to farm out their semiconductor manufacture instead of doing it in-house? They own that shit.

Okay then dig this.

I think these revelations are a construction.

Which, as we have found with previous such hangouts, it only means that there is something way more mindblowing that we won't know about for decades.

Brother's got a brand new bag...

edit: All ya'll are not nearly cynical enough.

This is just fiction. Waste someone else his time.

http://www.idesigntimes.com/articles/7567/20130907/president-obama-really-call-putin-names-g20.htm

Is this real? G20 Ends Abruptly as Obama Calls Putin a Jackass http://t.co/9YWDuydTqu

— Steven Wang (@wangstr) September 7, 2013

@EDinCali Is this for real??? G20 Ends Abruptly as Obama Calls Putin a Jackass http://t.co/1iGuM11hkF via @NewYorker // Must be fave word — StandForWhat'sRight (@CrazyChefette) September 7, 2013
I'm literally writing in @BarackObama as my Presidential vote in 2016 if this is true. http://t.co/LLHO3hazUn

— Devin Ruic (@DevinRuic) September 7, 2013

Obama calls Putin 'jackass' at the G20. These are the folks running the world? http://t.co/PYa68Xi002 — Rachel Georgina (@santemondial) September 7, 2013
Woah. Obama called Putin a jackass. And a dick. In front of everyone. And I mean everyone.

— erin w (@icallitart) September 7, 2013

I think the Obama "Putin Jackass" comment is not true. Anyone care to confirm this? Its not on CNN or BBC — Joey Valeriano (@uglykidjoey) September 7, 2013
Obama is always a class act. #ImpeachHim before he gets us all killed! Obama Calls Putin a Jackass : The New Yorker http://t.co/shRFxxWmja

— Brent Rosencrans (@brentrosencrans) September 7, 2013

I really hope this is legit. RT @BorowitzReport: G20 Ends Abruptly as Obama Calls Putin a Jackass http://t.co/vS8hLuCFRz — Ana (@anaosb) September 7, 2013
After calling Kanye West jackass, Obama just can't stop! Today, the G 20 summit Abruptly ended, because guess who called Putin Jackass!

— Maxwell Agbakpem (@ThisOneMaxwell) September 7, 2013

Obama called Vladmir Putin a jackass. Shit gettin crazy. — Chief (@ChiefLyric_) September 7, 2013
Could you ever anticipate a POTUS could speak like this?... http://t.co/s9alVXF3ia

— Candace Reed (@CandaceReed) September 7, 2013

@amako_hanazono It's been reported that Obama blurtered the words jackass and dick to Putin at the G20. A bit unbelievable, though. — N.Suzuki (@galipso) September 7, 2013
Is this for REAL!? Obama namecalls Putin at G-20! http://t.co/hyso3Bl2M6 If this is true it so uncouth #Obama #Embaressment #G20

— MizzyMuckRaker (@mudder_ella) September 7, 2013

pride comes before the fall.... how appalling is this?... http://t.co/MbNxqAwB2A — Andy Firecharger (@firecharger) September 7, 2013
Obama calls Putin a jackass and ends the G 20, wow what a diplomat

— mad chihuahua (@hgarbow) September 7, 2013

OMG I LOVE PRESIDENT OBAMA, ABSOLUTELY LOVE HIM! Screw diplomacy, let's tell truths! One of the quotes:... http://t.co/HyeyePQigQ — Sharon O'Dell (@sharonodell) September 7, 2013
Wow... I am shocked that so many people didn't know that the Obama calling Putin a jackass was fake... U really think Obama has this balls?

Ebert McFartington XI • 6 hours ago −
Let's just say it's believable. But the NY should label it satire, in theory
1  •Reply•Share › TwitterFacebookLink
Avatar
cammyh  Ebert McFartington XI • 6 hours ago
yeah, lol, that was my thought exactly. I could have believed it, and it was a humorous take, but it did need some explaining ...
 •Reply•Share ›
Avatar
Gadzooks • 4 hours ago
Goddamn it. I knew it was too good.
 •Reply•Share ›

In an effort to find a humorous twist to the stressed G20 summit closing, Andy Borowitz, comedian and satirical news columnist for the New Yorker, wrote an article today that has sadly has been misinterpreted, or worse yet, not even read. In the piece, the writer has portrayed how he envisioned things going after Putin effectively shut down President Obama's attempts at rallying further support for the Syrian military strikes. Labeling the story "G20 Ends Abruptly As Obama Calls Putin A Jackass," one thing we can say is, the title is certainly going to catch the eye and force a few clicks on the mouse button.

What is your point? To any reasonable person, this was all speculative tin-foil hat stuff until Snowden.

You have a fetish for polluting my posts.

What can I say?

I am a centre of pestilence.

Well then, If I may knock myself down from the pinnacle of oricality, I'll keep my tinfoil hat on a bit longer...

Snowden is a tool. In my considered opinion the Snowden revelations are part of an operation to bludgeon the corporate world, along with the general public into investing resources into actual, effective IT security. The NSA has a stake in protecting their charge against rival gangs. And, although I think it is a mistake to equivocate on security to this end they are attempting to calibrate their advantage.

I think it would be a mistake to presume that U.S. interests are so well defined by national boundaries. The business interests of U.S. chartered entities are all very well intertwined with those of other players. I would liken these kinds of operations to the 'direct action' of anti-establishment protesters. To force a dialectic outside the usual bounds of explicit process. These technocrats have a vision for what security should look like, and will steer their considerable resources to that end. You know—breaking eggs and all that.

it would be a good move if Babylon plans on selling hollow stones via sockpuppets.
nobody would see the difference.

site looks interesting, you can never have enough variation of news coverage.
is it independent or slightly "painted"?

Gox's new trading engine and all of the upcoming exchanges (ex, Coinsetter) are completely unnecessary given the total volume on all current exchanges.

Prediction: 4-5 months from now, there will be at least a dozen new exchanges, most averaging about 1,000 daily volume. This "fracturing" of volume will ultimately result in lots of smaller and consequently more easily manipulable exchanges. Gox will still maintain the lead with 5,000 daily volume on the very busiest days. But, Gox too will be primed for manipulation given lower volume and depth.  

Prediction 2: 1 year from now, after enough reports of manipulation and investors getting ripped off, the SEC steps in and requires exchanges to monitor and put in place restrictions to stop blatant manipulation (or at least make it much more difficult/risky). Bitcoin gradually drops in value to almost nothing as the community realizes the price is and always has been driven by whale-walls.

check my posts, i called the bottom and was ultrabullish at the time. You should put more stock in what i say

I need as is all the time, to ward off Jaroslaw and his minions

After the uptrend of the last 2 months I expected a retrace to the $110 region. However, the formation on the 12 hour chart  at $130 is looking a lot like the formation at $65. The market seems to be building for the next major leg up.

But BTC can be used as a store of value. To look at BTC as just a currency, is cutting it way short.
It is a:
currency
asset
protocol
payment system
store of value
etc.

I don't think we can evaluate that with traditional means. (Not saying it isn't over or under valued though.)

The determinants and consequent stability of the velocity of money are a subject of controversy across and within schools of economic thought. Those favoring a quantity theory of money have tended to believe that, in the absence of inflationary or deflationary expectations, velocity will be technologically determined and stable, and that such expectations will not generally arise without a signal that overall prices have changed or will change. This view has been discredited by the precipitous fall in velocity in the Japanese "Lost Decade" and the worldwide "Great Recession" and its aftermath of 2008–10

Some people have incorrectly interpreted velocity to mean the time between receipt of income and when it is spent. Note that how much income is spent helps determine GDP, but when during a pay period it is spent is immaterial. There could be a large volume of spending by people who waited a long time between receiving income and spending it. They could store their income in non-money forms, such as stocks and bonds, between receiving income and spending it. So that notion of "how fast income is spent" is a fallacy

this article has a number of major flaws

#1 conspiracy theory

there is some cabal of traders- does he mean like a hedge fund operates?

# intent

he is guessing at intent

"splitting an order to give the illusion of many trades, and trading within a group to give the appearance of increased volume"

how about... splitting an order to maximize profit

his whole argument hinges on increased volume, yet there are people on this forum bitchin about lowered volume... huh  

#3 stop loss triggering

" causing more stop losses to trigger "

is anyone aware of any of the major exchanges to have a stop loss feature? as far as i know it does not exist.

# 4 panic selling

"illusion of many different players panic-selling" is created by 1 btc sells every 5 seconds?

no the illusion of panic selling would be created by someone dumping 500 btc, waiting 5 minutes, dumping 750 btc, waiting 5 minutes, dumping 1000 btc, waiting 5 minutes dumping 1250 btc.... boom! the rats start jumping ship...

i could go on but i would just suggest people not listen to a politician for market analysis, there is a reason why his role in society is politician not hedge fund manager...

the impression i got from the article was someone lost out on some trades, his ego got hurt...

started to drink a bunch of whisky (I base this on his own bio, claiming to be a lover of whisky) that got him mad about it...

then to calm down called over some friends to smoke some weed (bought on SR of course, totally guessing here) that unfortunately made him really paranoid because the weed turned out to be moldy...

after sometime being high and coming up with ideas of what is going on with bitcoin someone at the party broke out the cocaine (because y'all know whisky and coke always come together to the party)

finally, he decided to do something about all this trading nonsense and wrote this article.

i know that's not what actually happened (OR DID IT but hey this is what happens when someone takes wild stabs in the dark...

It's garbage.

sent two wires today, took about 45 min at the bank... god i love btc...

time is money....

This scoop is 1 or 2 weeks old, and coincide with the start of the new uptrend.

Here you can see where the keynesian idea of a "managed money supply" and "money as debt" has led us. The 3 options outlined

• taxation
• inflation
• default

are the only ones possible to get out of this mess (for now).

Ergo: we should use "sound money" instead to avoid such predicament in the future.

This is not from the 13th but from beggining of this month. French press already related it the 9th (and before?) : https://www.google.be/search?q=imf+taxe+10%25&oq=imf+taxe+10%25&aqs=chrome..69i57.2150j0j7&sourceid=chrome&espv=210&es_sm=122&ie=UTF-8

What ticker is best for monitoring btc china action?

Sure, got the $25 right here. Should I shove it in the laptop?

Is this limited to a specific type of account or international transfers only ?

For example are you not allowed to transfer 300,000 Euro to purchase a house or business ?

Somehow I suspect it may be tied to certain kinds of individual accounts.

I'd still like to know more details about this.

Policy recommendations

As we have seen, Bitcoin does not easily fit into existing regu-
latory boxes. That is often the hallmark of a disruptive technol-
ogy. Indeed Bitcoin is a revolutionary technical achievement that
heralds amazing potential benefits to human welfare. However,
like any technology that can be used for good, it can also be used
for ill. The challenge for policymakers will be to foster Bitcoin’s
beneficial uses while minimizing its negative consequences. We
conclude with some recommendations to help policymakers meet
this challenge.

Don’t restrict Bitcoin

Because Bitcoin is essentially online cash, some who trade in
drugs and other illicit goods online have found it to be an ideal
medium of exchange. 103  Confronted with this fact, the initial
impulse of some policymakers will be to call for restrictions on
the technology. 104  There are many good reasons, however, to resist
such an impulse.
First, as a technology, Bitcoin is neither good nor bad; it is
neutral. Paper dollar bills, like bitcoins, can be used in illicit
transactions, yet we do not consider outlawing paper bills. We
only prohibit their illicit use. Furthermore, there is only anec-
dotal evidence about the extent to which bitcoins are utilized in
criminal transactions. It would be wise to put the criminal use
of the technology in perspective alongside its legitimate uses.
As the bitcoin economy grows, legitimate uses of bitcoins will
likely dwarf criminal transactions, 105  just as we see with paper
dollar bills.
 Second, any attempt to restrict Bitcoin technology will only
harm legitimate uses while leaving illicit uses largely unaf-
fected. Because it is a decentralized global network, Bitcoin is
virtually impossible to shut down. There is no Bitcoin company
or other entity that can be targeted. Instead, Bitcoin and its
ledger exist only in the distributed peer-to-peer network cre-
ated by its users. As with the peer-to-peer file-sharing service
BitTorrent, taking down any of the individual computers that make up the peer-to-peer system would have little effect on the
rest of the network. Therefore, making the use of Bitcoin illegal
would not undermine the network; it would only serve to ensure
that law-abiding users are denied access to the technology. As a
result, society would forgo enjoying the many potential benefits
of Bitcoin without seeing any drop in criminal use.
Third, if Bitcoin were prohibited, the government would
forego the opportunity to regulate intermediaries in the bitcoin
economy, such as exchangers and money transmitters. The gov-
ernmental interests in detecting and preventing money launder-
ing and terrorist financing would be better advanced, not by pro-
hibiting the technology, but by requiring intermediaries to keep
records and report suspicious activities, just as traditional finan-
cial institutions do. Again, restricting the use of Bitcoin will only
ensure that criminals alone will use the technology. Any illicit
intermediaries that emerge, such as exchanges and payment pro-
cessors, will be unregulated.
Finally, even if the United States prohibited the use of Bitcoin,
it is likely that many other countries would not, recognizing the
technology’s many potential benefits. The Finnish central bank, for
example, has stated that the digital currency is not illegal, 106  and as
a result many Finnish businesses have begun to accept bitcoins. 107  
By prohibiting Bitcoin use, the United States could put itself at an
international competitive disadvantage in the development and
use of what may be the next-generation payments system.

Normalize regulation and encourage further development

Rather than overreact to illicit uses of Bitcoin, policymakers would
be wise to take a calm and careful approach to the challenges posed by the new technology. Doing so would allow law enforcement to
pursue its interests in detecting and preventing money laundering
and terrorist financing while ensuring that society does not forgo
Bitcoin’s many benefits. Luckily, regulators to date have taken such
a cautious approach by slowly integrating Bitcoin into the existing
financial regulatory framework. Policymakers can take a few basic
steps to maintain the right balance.
In the short term, FinCEN should clarify its recent guidance,
especially as it relates to miners and users who do not obtain bit-
coins to purchase goods or services, but instead do so for other
legal and legitimate purposes. It should do this by welcoming pub-
lic participation of the Bitcoin community of developers, miners,
businesses, and users in formal public notice and comment pro-
ceedings. While FinCEN’s mission is to safeguard the financial
system from illicit use, it also has an obligation not to unduly hin-
der its technological development. Working with Bitcoin’s legiti-
mate users, there is no doubt FinCEN can achieve its goals while
minimizing regulatory uncertainty.
In the long term, policymakers should better define Bitcoin’s
broader regulatory status. As we have seen, the digital currency
does not comfortably fit any existing classification or legal defini-
tion. It is not a foreign currency, nor a traditional commodity, nor
is it simply a payments network. Consequently, applying existing
rules to Bitcoin could unduly impede Bitcoin’s legitimate devel-
opment without any attendant gains to law enforcement or con-
sumer welfare. As a result, policymakers may want to consider
developing a new category that takes into account the technol-
ogy’s unique nature. They should also carefully consider what
regulation, if any, bitcoin exchanges, payment processors, and
users should face.
Finally, policymakers should not only allow Bitcoin’s develop-
ment to continue unimpeded, they should help foster its growth
by revisiting existing regulatory barriers. One of the greatest
obstacles to Bitcoin’s legitimate adoption is the requirement that
businesses engaging in money transmission acquire a license from
each state. This is a duplicative, laborious, and expensive process
that presents a barrier to interstate commerce without much ben-
efit to consumers. Federal lawmakers and regulators should con-
sider whether preemption is necessary.

CONCLUSION

Bitcoin is an exciting innovation that has the potential to
greatly improve human welfare and jump-start beneficial and
potentially revolutionary developments in payments, communi-
cations, and business. Bitcoin’s clever use of public-key encryp-
tion and peer-to-peer networking solves the double-spending
problem that had previously made decentralized digital curren-
cies impossible. These properties combine to create a payment
system that could lower transactions costs in business and remit-
tances, alleviate poverty, provide an escape from capital controls
and monetary mismanagement, allow for legitimate financial
privacy online, and spur new financial innovations. On the other
hand, as “digital cash,” Bitcoin can be used for money laundering
and illicit trade. Banning Bitcoin is not the solution to ending
money laundering and illicit trade, just as banning cash is not a
solution to these same ills.
Bitcoin could ultimately fail as an experimental digital currency
and payment system. An unanticipated problem could arise and
undermine the bitcoin economy. A superior cryptocurrency could
outcompete and replace Bitcoin. It could simply fizzle out as a fad.
The possibilities for failure are endless, but one reason for failure
should not be that policymakers did not understand its workings
and potential. We are ultimately advocating not for Bitcoin, but
for innovation. It is important that policymakers allow this experi-
mentation to continue. Policymakers should work to clarify how
Bitcoin is regulated and to normalize its regulation so that we have
the opportunity to learn just how innovative Bitcoin can be.

I fail to infer any "recommendation" of a levy in that text. It looks like an objective and succint review of such a practice along the last 100 years or so. What's more, the last paragraph notes the haircut would be quite large, making a case against it.

People who really want coins havd just moved to a better exchange.

Sadness, such much.

I kinda understand. I assume you, and other hardcore butt digging Bitcoiners are feeling raped cause of such a coin getting such attention. Such wow, such currency.

For all I know, and what it looks like, this will continue for some time. Gotta say, I fucking love it.


-MASSIVE EDIT-


Just by looking at those kinda comments make me believe, Doge owners outsmart Doge haters. Jesus.

Bullish?

would be good to see something that provides not just a money transfer but a whole new finance system, wish there was something out there, something like a chain of transactions that hold more than just receipts

helps reduce transaction costs, government taxes from banks, etc etc etc


ohh ohh ohh there is also www.circle.com send your money to anyone in the world not just from a debit card but bitcoin as well and your money is insured too.


no no no wait apple pay now we are talking

haha Snapcash, was the guy serious, lol
http://www.bbc.co.uk/news/business-30091550

"Snapcash is a partnership with payment-processing firm Square, which offers its own stand-alone friend-to-friend payment app called Square Cash."
so it's just a messaging app implementing an already existing payment app, so nothing new or groundbreaking.

"The service will only be available to Snapchat users in the United States who are over 18 years old."
yeah quick everyone dump Bitcoin for Snapcash, unless of course you are one of the millions of people who don't live in America.

"Almost immediately, the news of the money-sending feature was met with some raised eyebrows, as Snapchat has struggled with several high profile security breaches."
take my money now !!! sounds amazing

"earlier in the year, in January, at least 4.6m user accounts were compromised by hackers, who posted usernames and phone numbers on the web."
fantastic  where do i sign up?