Bitcoin discussion and news

[mauvais]

You are not in May 1997 and you do not have the foresight to be investing in a new Amazon.

 

[cupid_stunt]

It's almost like the influence of wall street algorithms hasn't been explained at least twice.


For chart fans - and goodness knows there's some here - here's another certain chart *bubble* http://static2.uk.businessinsider.com/image/5919eac6dd0895722d8b4a21-1201/5-15-17-amazon-cotd.png

Fuck me, you're one hell of a dickhead.

 

[bimble]

Fuck me, you're one hell of a dickhead.

He’s got a cool name though.

 

[littlebabyjesus]

It's almost like the influence of wall street algorithms hasn't been explained at least twice.


For chart fans - and goodness knows there's some here - here's another certain chart *bubble* http://static2.uk.businessinsider.com/image/5919eac6dd0895722d8b4a21-1201/5-15-17-amazon-cotd.png

First ddraig now you. It's what I come here for, to be patronised by idiots.

 

[littlebabyjesus]

Just to unpack the idea of wall st algorithms are you saying that such things are all powerful wrt crypto prices? Do they control such things? What is it you're saying?

 

[gosub]

Just to unpack the idea of wall st algorithms are you saying that such things are all powerful wrt crypto prices? Do they control such things? What is it you're saying?

Are we ticking off :Things crypto was supposed to be but isn't?

 

[Monkeygrinder's Organ]

Fuck me, you're one hell of a dickhead.

He's a conspiracy theorist isn't he. Ok it's crypto not gunmen but the approach here is identical.

 

[ddraig]

First ddraig now you. It's what I come here for, to be patronised by idiots.

if you're going to have a dig or chuck your toys about and mention me at least @ me properly you coward

Oh yeah, shit, sorry about that.

/ddraig

is this what you're whinging about?? fucksake

 

[Yossarian]

It's almost like the influence of wall street algorithms hasn't been explained at least twice.


For chart fans - and goodness knows there's some here - here's another certain chart *bubble* http://static2.uk.businessinsider.com/image/5919eac6dd0895722d8b4a21-1201/5-15-17-amazon-cotd.png

This comparison would only make sense if Amazon stock existed only as essentially worthless certificates with the word 'Amazon' on them, not as shares on a business that grew into a massive company selling books and shit. Revenue went up massively hand-in-hand with the increase in share value, though there wasn't a lot of profit.

 

[gosub]

Russian nuclear scientists arrested for 'Bitcoin mining plot' - 'Bitcoin' arrests at Russian nuclear lab

 

[cupid_stunt]

Russian nuclear scientists arrested for 'Bitcoin mining plot' - 'Bitcoin' arrests at Russian nuclear lab

Not very bright are they...

The supercomputer was not supposed to be connected to the internet - to prevent intrusion - and once the scientists attempted to do so, the nuclear centre's security department was alerted. They were handed over to the Federal Security Service (FSB), the Russian news service Mash says.

 

[ddraig]

Bitcoin gobbling Iceland energy supplies

 

[BigTom]

Proletarian Democracy takes an official "Bitcoin? NO!" position following this terrible news from SETI:
Bitcoin hinders the search for aliens

Have heard lots of people complaining about how GPU prices have been pushed up by btc mining but mostly that's gamers and such like. Now it's interfering with possible alien contact I'm up in arms

 

[littlebabyjesus]

Fucking thing's back up at £7k now.

 

[camouflage]

Proletarian Democracy takes an official "Bitcoin? NO!" position following this terrible news from SETI:
Bitcoin hinders the search for aliens

Have heard lots of people complaining about how GPU prices have been pushed up by btc mining but mostly that's gamers and such like. Now it's interfering with possible alien contact I'm up in arms

Don't worry, the aggressively expanding hegemonizing bitcoin swarm will eventually conquer other life-bearing worlds too, they will all eventually be assimilated.

Or maybe this explains the Fermi Paradox, in that once your society discovers cryptocurrency it turns inwards, spends all it's time energy and person-power on crypto projects and neglects the wider universe entirely... eventually encasing the local star in a dyson-sphere to feed the energy requirements of their crypto-network and disappearing altogether into the now system-spanning crypto-hole. Occasionally, a satoshi-particle will escape, this is how we are able to detect where life-bearing worlds once existed

 

[mod]

Can someone advice me please?

i'm trying to set up a Bittylicous account to purchase bitcoin. they are asking for very sensitive documents to prove I am who I say I am. Utility bills, passport or driving licences etc. This is making me nervous.

Bittylicious | Buy Bitcoins Quickly in The UK

 

[Ranbay]

Can someone advice me please?

i'm trying to set up a Bittylicous account to purchase bitcoin. they are asking for very sensitive documents to prove I am who I say I am. Utility bills, passport or driving licences etc. This is making me nervous.

Bittylicious | Buy Bitcoins Quickly in The UK

most of them will, it's hard to buy BTC without ID

 

[BigTom]

Don't worry, the aggressively expanding hegemonizing bitcoin swarm will eventually conquer other life-bearing worlds too, they will all eventually be assimilated.

Or maybe this explains the Fermi Paradox, in that once your society discovers cryptocurrency it turns inwards, spends all it's time energy and person-power on crypto projects and neglects the wider universe entirely... eventually encasing the local star in a dyson-sphere to feed the energy requirements of their crypto-network and disappearing altogether into the now system-spanning crypto-hole. Occasionally, a satoshi-particle will escape, this is how we are able to detect where life-bearing worlds once existed

Finally a sensible answer to the question of "is there other life out there in the universe?"

 

[BigTom]

Can someone advice me please?

i'm trying to set up a Bittylicous account to purchase bitcoin. they are asking for very sensitive documents to prove I am who I say I am. Utility bills, passport or driving licences etc. This is making me nervous.

Bittylicious | Buy Bitcoins Quickly in The UK

I bought through bittylicious when I was buying btc, don't think there's any issue with documents, they need it for money laundering regs, I sent mine in without concern. I've not had my identity stolen (yet!)

 

[Yossarian]

Fucking thing's back up at £7k now.

Must be a lot of grizzled old bitcoin prospectors who remember the Great Crash of '13 saying 'I told you so.'

 

[NoXion]

Proletarian Democracy takes an official "Bitcoin? NO!" position following this terrible news from SETI:
Bitcoin hinders the search for aliens

Have heard lots of people complaining about how GPU prices have been pushed up by btc mining but mostly that's gamers and such like. Now it's interfering with possible alien contact I'm up in arms

I'm a gamer and a SETI advocate, so this is crap news on top of crap news.

 

[mwgdrwg]

I'm a gamer and a SETI advocate, so this is crap news on top of crap news.

 

[bimble]

Today is the day when the boyfriend's 'short' ends/ closes, he hasn't found out yet what the 'payout' will be - if anything. The way I'm looking at it now (with me still having my bit of btc and him putting money on it going down in value) I placed a bet on people being stupider / more irrational than he thinks they are, which is quite fitting as he's a much more optimistic person than me.

 

[joustmaster]

Up from 7k to nearly 12k

 

[Archimage]

“No cash accepted” signs are becoming an increasingly common sight in shops and eateries across Sweden as payments go digital and mobile.

But the pace at which cash is vanishing has authorities worried. A broad review of central bank legislation that’s under way is now taking a special look at the situation, with an interim report due as early as the summer.

“If this development with cash disappearing happens too fast, it can be difficult to maintain the infrastructure” for handling cash, said Mats Dillen, the head of the parliamentary review. He declined to give more details on the types of proposals that could be included in the report.

Sweden is widely regarded as the most cashless society on the planet. Most of the country’s bank branches have stopped handling cash; many shops, museums and restaurants now only accept plastic or mobile payments. But there’s a downside, since many people, in particular the elderly, don’t have access to the digital society.

“One may get into a negative spiral which can threaten the cash infrastructure,” Dillen said. “It’s those types of issues we are looking more closely at.”

Last year, the amount of cash in circulation in Sweden dropped to the lowest level since 1990 and is more than 40 percent below its 2007 peak. The declines in 2016 and 2017 were the biggest on record.

An annual survey by Insight Intelligence released last month found that only 25 percent of Swedes paid in cash at least once a week in 2017, down from 63 percent just four years ago. A full 36 percent never use cash, or just pay with it once or twice a year.

In response, the central bank is considering whether there’s a need for an official form of digital currency, an e-krona. A final proposal isn’t expected until late next year, but the idea is that the e-krona would work as a complement to cash, not replace it completely.

This version corrects a picture that showed Norwegian kroner.

Riksbank Governor Stefan Ingves has said Sweden should consider forcing banks to provide cash to customers. In its annual report on Monday, the Riksbank said the question is what role it should play in a future with even fewer cash payments.

“The Riksbank is carefully analyzing this development,” Ingves said. “Overall, I think we are facing structural changes in areas that have previously been stable. This is a development which will affect all the Riksbank’s departments and we will need to make strategic decisions regarding the way forward.”

‘No Cash’ Signs Everywhere Has Sweden Worried It’s Gone Too Far

 

[kabbes]

The solution to Sweden’s stereotyped old people not being able to handle paying with a Visa card is... to introduce another complex digital transaction for them to use instead?

 

[not-bono-ever]

interesting that Sweden had one of the lowest tax evasion rates around as well

 

[not-bono-ever]

.

 

[ricbake]

Who can solve this Bitcoin Puzzle: Price Is Up But Transaction Volume Isn't?

More people prepared to buy for the higher price than those prepared to sell for the lower price.

Supply and demand

 

[cybershot]

Suspected Bitcoin server thieves detained