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PostPosted: Mon Aug 27, 2018 11:53 am 
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sorCrer wrote:
Ther BTC price is pretty much what it was on 01/11/17. Seems to be holding quite well. Lightning Network is growing with 3246 nodes this morning up 11% this month.


Yes it is but one little problem is that it was squeezed to over 15K Euro per coin and collapsed all the way back down in one of the most obvious cases of market manipulation that I have seen in 35 years as a trader. It's not a market, it's a craps shoot where you know the dice can be loaded at anytime.


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PostPosted: Mon Aug 27, 2018 12:15 pm 
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The Sun God wrote:
sorCrer wrote:
Ther BTC price is pretty much what it was on 01/11/17. Seems to be holding quite well. Lightning Network is growing with 3246 nodes this morning up 11% this month.


Yes it is but one little problem is that it was squeezed to over 15K Euro per coin and collapsed all the way back down in one of the most obvious cases of market manipulation that I have seen in 35 years as a trader. It's not a market, it's a craps shoot where you know the dice can be loaded at anytime.


In June 2011, the price climbed to $32.00 and then by November had fallen 94%. The important part of my post is Lightning Network.


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PostPosted: Mon Aug 27, 2018 12:27 pm 
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sorCrer wrote:
The Sun God wrote:
sorCrer wrote:
Ther BTC price is pretty much what it was on 01/11/17. Seems to be holding quite well. Lightning Network is growing with 3246 nodes this morning up 11% this month.


Yes it is but one little problem is that it was squeezed to over 15K Euro per coin and collapsed all the way back down in one of the most obvious cases of market manipulation that I have seen in 35 years as a trader. It's not a market, it's a craps shoot where you know the dice can be loaded at anytime.


In June 2011, the price climbed to $32.00 and then by November had fallen 94%. The important part of my post is Lightning Network.


I don't think the % comparison is fully valid. A few guys losing 1000 dollars here and there is a bit different to vast numbers losing life savings of 100,000 dollars and who will never go near the market ever again.


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PostPosted: Mon Aug 27, 2018 12:28 pm 
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The Sun God wrote:
sorCrer wrote:
Ther BTC price is pretty much what it was on 01/11/17. Seems to be holding quite well. Lightning Network is growing with 3246 nodes this morning up 11% this month.


Yes it is but one little problem is that it was squeezed to over 15K Euro per coin and collapsed all the way back down in one of the most obvious cases of market manipulation that I have seen in 35 years as a trader. It's not a market, it's a craps shoot where you know the dice can be loaded at anytime.


Who do you think manipulated it?


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PostPosted: Mon Aug 27, 2018 12:43 pm 
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Seneca of the Night wrote:
The Sun God wrote:
sorCrer wrote:
Ther BTC price is pretty much what it was on 01/11/17. Seems to be holding quite well. Lightning Network is growing with 3246 nodes this morning up 11% this month.


Yes it is but one little problem is that it was squeezed to over 15K Euro per coin and collapsed all the way back down in one of the most obvious cases of market manipulation that I have seen in 35 years as a trader. It's not a market, it's a craps shoot where you know the dice can be loaded at anytime.


Who do you think manipulated it?


I'm not sure but the broad thinking is Jihan Wu/Bitmain and it appears to be causing them some serious trouble hence the IPO which appears dodgy.


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PostPosted: Mon Aug 27, 2018 12:45 pm 
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Seneca of the Night wrote:
sorCrer wrote:
The Sun God wrote:
sorCrer wrote:
Ther BTC price is pretty much what it was on 01/11/17. Seems to be holding quite well. Lightning Network is growing with 3246 nodes this morning up 11% this month.


Yes it is but one little problem is that it was squeezed to over 15K Euro per coin and collapsed all the way back down in one of the most obvious cases of market manipulation that I have seen in 35 years as a trader. It's not a market, it's a craps shoot where you know the dice can be loaded at anytime.


In June 2011, the price climbed to $32.00 and then by November had fallen 94%. The important part of my post is Lightning Network.


I don't think the % comparison is fully valid. A few guys losing 1000 dollars here and there is a bit different to vast numbers losing life savings of 100,000 dollars and who will never go near the market ever again.


The advice has always been only invest what you can afford to lose.


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PostPosted: Mon Aug 27, 2018 12:56 pm 
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Seneca of the Night wrote:
The Sun God wrote:
sorCrer wrote:
Ther BTC price is pretty much what it was on 01/11/17. Seems to be holding quite well. Lightning Network is growing with 3246 nodes this morning up 11% this month.


Yes it is but one little problem is that it was squeezed to over 15K Euro per coin and collapsed all the way back down in one of the most obvious cases of market manipulation that I have seen in 35 years as a trader. It's not a market, it's a craps shoot where you know the dice can be loaded at anytime.


Who do you think manipulated it?


Google 'bitcoin manipulation' it will keep you busy for a couple of hours. If you are interested there is a programme on CNBC tonight at 6.00 PM ET called 'Bitcoin, boom or bust'


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PostPosted: Mon Aug 27, 2018 7:30 pm 
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The Sun God wrote:
Seneca of the Night wrote:
The Sun God wrote:
sorCrer wrote:
Ther BTC price is pretty much what it was on 01/11/17. Seems to be holding quite well. Lightning Network is growing with 3246 nodes this morning up 11% this month.


Yes it is but one little problem is that it was squeezed to over 15K Euro per coin and collapsed all the way back down in one of the most obvious cases of market manipulation that I have seen in 35 years as a trader. It's not a market, it's a craps shoot where you know the dice can be loaded at anytime.


Who do you think manipulated it?


Google 'bitcoin manipulation' it will keep you busy for a couple of hours. If you are interested there is a programme on CNBC tonight at 6.00 PM ET called 'Bitcoin, boom or bust'


Please watch this. I know Ran and you may find it an interesting and different perspective.


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PostPosted: Mon Aug 27, 2018 8:02 pm 
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I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.


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PostPosted: Mon Aug 27, 2018 8:09 pm 
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HKCJ wrote:
I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.


You took up that invite from Globus then?


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PostPosted: Mon Aug 27, 2018 8:15 pm 
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:lol: well thankfully unlike globus he was more than happy to share his good wine with us!


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PostPosted: Mon Aug 27, 2018 8:35 pm 
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HKCJ wrote:
I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.


Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.


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PostPosted: Mon Aug 27, 2018 8:37 pm 
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sorCrer wrote:
HKCJ wrote:
I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.


Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.


Would be an interesting conversation between you and this guy. I don't think Brevan Howard ever employed anyone with an IQ lower than about 8 million, so you might have your work cut out.


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PostPosted: Mon Aug 27, 2018 9:02 pm 
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sorCrer wrote:
HKCJ wrote:
I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.


Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.



Trader. He might of course be wrong but Sen probably underestimates his IQ of 8 million and he certainly didn’t get to where he is today by being wrong very often.


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PostPosted: Wed Aug 29, 2018 10:41 pm 
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These guys have a sweet business plan:

Quote:
An ambitious blockchain project called Dfinity wants to reinvent computing by replacing large platforms like Amazon Web Services and Salesforce with a cheaper, decentralized alternative. The project, which Dfinity dubs a “world computer,” took a step closer to being a reality this week.


http://fortune.com/2018/08/29/dfinity-w ... er_FORTUNE


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PostPosted: Wed Aug 29, 2018 10:46 pm 
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Seneca of the Night wrote:
These guys have a sweet business plan:

Quote:
An ambitious blockchain project called Dfinity wants to reinvent computing by replacing large platforms like Amazon Web Services and Salesforce with a cheaper, decentralized alternative. The project, which Dfinity dubs a “world computer,” took a step closer to being a reality this week.


http://fortune.com/2018/08/29/dfinity-w ... er_FORTUNE


Is that an article or an episode of Silicon Valley?


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PostPosted: Wed Aug 29, 2018 11:16 pm 
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HKCJ wrote:
I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.


Could you explain the bit about the power requirements?


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PostPosted: Thu Aug 30, 2018 7:37 am 
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HKCJ wrote:
sorCrer wrote:
HKCJ wrote:
I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.


Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.



Trader. He might of course be wrong but Sen probably underestimates his IQ of 8 million and he certainly didn’t get to where he is today by being wrong very often.


I'm going to call him straight out wrong on this. Did he mention Lightning Network and how it deals with the power 'issue'?


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PostPosted: Thu Aug 30, 2018 8:46 am 
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sorCrer wrote:
HKCJ wrote:
sorCrer wrote:
HKCJ wrote:
I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.


Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.



Trader. He might of course be wrong but Sen probably underestimates his IQ of 8 million and he certainly didn’t get to where he is today by being wrong very often.


I'm going to call him straight out wrong on this. Did he mention Lightning Network and how it deals with the power 'issue'?


This is currently my go to line at dinner parties. "ah yes, - - - slurp--- but the lightening network will deal with the power issues."


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PostPosted: Thu Aug 30, 2018 9:09 am 
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Seneca of the Night wrote:
sorCrer wrote:
HKCJ wrote:
sorCrer wrote:
HKCJ wrote:
I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.


Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.



Trader. He might of course be wrong but Sen probably underestimates his IQ of 8 million and he certainly didn’t get to where he is today by being wrong very often.


I'm going to call him straight out wrong on this. Did he mention Lightning Network and how it deals with the power 'issue'?


This is currently my go to line at dinner parties. "ah yes, - - - slurp--- but the lightening network will deal with the power issues."


:lol: For all your bluster, I figured a long time ago that you're an egocentric cnut and to think you've probably used systems I've written.


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PostPosted: Thu Aug 30, 2018 9:23 am 
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HKCJ wrote:
sorCrer wrote:
HKCJ wrote:
I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.


Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.



Trader. He might of course be wrong but Sen probably underestimates his IQ of 8 million and he certainly didn’t get to where he is today by being wrong very often.


I worked ,briefly, with Alan Howard in Salomons many years ago......made everyone else on the desk look like dipshits.


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PostPosted: Thu Aug 30, 2018 9:39 am 
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Quote:

:lol: For all your bluster, I figured a long time ago that you're an egocentric cnut and to think you've probably used systems I've written.


Anyone can go and read what you and I have written on this subject on this thread over the past year and make their own mind up.


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PostPosted: Thu Aug 30, 2018 12:16 pm 
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Seneca of the Night wrote:
Quote:

:lol: For all your bluster, I figured a long time ago that you're an egocentric cnut and to think you've probably used systems I've written.


Anyone can go and read what you and I have written on this subject on this thread over the past year and make their own mind up.


They can. Or I could sum it up briefly.

Me: "I think cryptocurrencies allied with blockchain technology is the future of finance."

You: "You're a dangerous idiot who knows nothing about financial markets or technology and I know real traders."

Concise?


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PostPosted: Thu Aug 30, 2018 12:20 pm 
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The Sun God wrote:
HKCJ wrote:
sorCrer wrote:
HKCJ wrote:
I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.


Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.



Trader. He might of course be wrong but Sen probably underestimates his IQ of 8 million and he certainly didn’t get to where he is today by being wrong very often.


I worked ,briefly, with Alan Howard in Salomons many years ago......made everyone else on the desk look like dipshits.


Did you watch the CNBC segment? I think it was hosted by Ran Neuner. He is a pretty good businessman and heavily invested in cryptocurrency.


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PostPosted: Thu Aug 30, 2018 12:26 pm 
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sorCrer wrote:
The Sun God wrote:
HKCJ wrote:
sorCrer wrote:
HKCJ wrote:
I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.


Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.



Trader. He might of course be wrong but Sen probably underestimates his IQ of 8 million and he certainly didn’t get to where he is today by being wrong very often.


I worked ,briefly, with Alan Howard in Salomons many years ago......made everyone else on the desk look like dipshits.


Did you watch the CNBC segment? I think it was hosted by Ran Neuner. He is a pretty good businessman and heavily invested in cryptocurrency.

No...I am in Dubai and haven't really had a minute all week. I will watch it when I get home to France tomorrow night.


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PostPosted: Thu Aug 30, 2018 12:37 pm 
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sorCrer wrote:
Seneca of the Night wrote:
Quote:

:lol: For all your bluster, I figured a long time ago that you're an egocentric cnut and to think you've probably used systems I've written.


Anyone can go and read what you and I have written on this subject on this thread over the past year and make their own mind up.


They can. Or I could sum it up briefly.

Me: "I think cryptocurrencies allied with blockchain technology is the future of finance."

You: "You're a dangerous idiot who knows nothing about financial markets or technology and I know real traders."

Concise?


Why would I suggest you know nothing about technology?


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PostPosted: Thu Aug 30, 2018 12:39 pm 
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sorCrer wrote:
The Sun God wrote:
HKCJ wrote:
sorCrer wrote:
HKCJ wrote:
I was at dinner on Saturday night with best trader I’ve ever known who used to work at Brevan but has now set up on his own. He was very very bearish on bitcoin. Not on all cryptos per se but specifically bitcoin. Reckons the programming behind it is fundamentally flawed and will collapse on itself since essentially the more people buy it the less liquid it becomes due to the power requirements.


Interesting. Trader or a programmer? Regardless, Lightning Network is designed to deal with this issue. The network is carrying around $550k in transaction capacity and growing by +/- 10% a month. It's 3 months old. It's pretty ingenious anyone can run a node (I do) and earn transaction fees.



Trader. He might of course be wrong but Sen probably underestimates his IQ of 8 million and he certainly didn’t get to where he is today by being wrong very often.


I worked ,briefly, with Alan Howard in Salomons many years ago......made everyone else on the desk look like dipshits.


Did you watch the CNBC segment? I think it was hosted by Ran Neuner. He is a pretty good businessman and heavily invested in cryptocurrency.


This bio has me triggered : https://en.m.wikipedia.org/wiki/Ran_Neu-Ner


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PostPosted: Thu Aug 30, 2018 12:56 pm 
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Seneca of the Night wrote:
sorCrer wrote:
Seneca of the Night wrote:
Quote:

:lol: For all your bluster, I figured a long time ago that you're an egocentric cnut and to think you've probably used systems I've written.


Anyone can go and read what you and I have written on this subject on this thread over the past year and make their own mind up.


They can. Or I could sum it up briefly.

Me: "I think cryptocurrencies allied with blockchain technology is the future of finance."

You: "You're a dangerous idiot who knows nothing about financial markets and I know real traders."

Concise?


Why would I suggest you know nothing about technology?


The entire reason I'm so bullish on cryptocurrencies are because I understand the technology and after programming on the web for 23 years, the progression of technology. I've removed the technology portion.

Milton Friedman 1999

“The one thing that’s missing, but that will soon be developed, it’s a reliable e-cash. A method where buying on the Internet you can transfer funds from A to B, without A knowing B or B knowing A. The way in which I can take a 20 dollar bill and hand it over to you and there’s no record of where it came from. And you may get that without knowing who I am. That kind of thing will develop on the Internet.”


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PostPosted: Thu Aug 30, 2018 1:05 pm 
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sorCrer wrote:
Seneca of the Night wrote:
sorCrer wrote:
Seneca of the Night wrote:
Quote:

:lol: For all your bluster, I figured a long time ago that you're an egocentric cnut and to think you've probably used systems I've written.


Anyone can go and read what you and I have written on this subject on this thread over the past year and make their own mind up.


They can. Or I could sum it up briefly.

Me: "I think cryptocurrencies allied with blockchain technology is the future of finance."

You: "You're a dangerous idiot who knows nothing about financial markets and I know real traders."

Concise?


Why would I suggest you know nothing about technology?


The entire reason I'm so bullish on cryptocurrencies are because I understand the technology and after programming on the web for 23 years, the progression of technology. I've removed the technology portion.

Milton Friedman 1999

“The one thing that’s missing, but that will soon be developed, it’s a reliable e-cash. A method where buying on the Internet you can transfer funds from A to B, without A knowing B or B knowing A. The way in which I can take a 20 dollar bill and hand it over to you and there’s no record of where it came from. And you may get that without knowing who I am. That kind of thing will develop on the Internet.”


It is one thing to be enthusiastic about the potential of the technology in theory.

That is not quite what you are doing on this thread.


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PostPosted: Thu Aug 30, 2018 1:09 pm 
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Santa wrote:
It is one thing to be enthusiastic about the potential of the technology in theory.

That is not quite what you are doing on this thread.


I'm arguing in favour of it?


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PostPosted: Thu Aug 30, 2018 1:12 pm 
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Quote:
“The one thing that’s missing, but that will soon be developed, it’s a reliable e-cash. A method where buying on the Internet you can transfer funds from A to B, without A knowing B or B knowing A. The way in which I can take a 20 dollar bill and hand it over to you and there’s no record of where it came from. And you may get that without knowing who I am. That kind of thing will develop on the Internet.”




There's not a regulator in the west that's going to allow that to happen. End of. It would currently break money laundering regulations in the UK.


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PostPosted: Thu Aug 30, 2018 1:16 pm 
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sorCrer wrote:
Seneca of the Night wrote:
sorCrer wrote:
Seneca of the Night wrote:
Quote:

:lol: For all your bluster, I figured a long time ago that you're an egocentric cnut and to think you've probably used systems I've written.


Anyone can go and read what you and I have written on this subject on this thread over the past year and make their own mind up.


They can. Or I could sum it up briefly.

Me: "I think cryptocurrencies allied with blockchain technology is the future of finance."

You: "You're a dangerous idiot who knows nothing about financial markets and I know real traders."

Concise?


Why would I suggest you know nothing about technology?


The entire reason I'm so bullish on cryptocurrencies are because I understand the technology and after programming on the web for 23 years, the progression of technology. I've removed the technology portion.

Milton Friedman 1999

“The one thing that’s missing, but that will soon be developed, it’s a reliable e-cash. A method where buying on the Internet you can transfer funds from A to B, without A knowing B or B knowing A. The way in which I can take a 20 dollar bill and hand it over to you and there’s no record of where it came from. And you may get that without knowing who I am. That kind of thing will develop on the Internet.”


You can't even hold a straight conversation.


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PostPosted: Thu Aug 30, 2018 1:16 pm 
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bimboman wrote:
Quote:
“The one thing that’s missing, but that will soon be developed, it’s a reliable e-cash. A method where buying on the Internet you can transfer funds from A to B, without A knowing B or B knowing A. The way in which I can take a 20 dollar bill and hand it over to you and there’s no record of where it came from. And you may get that without knowing who I am. That kind of thing will develop on the Internet.”




There's not a regulator in the west that's going to allow that to happen. End of. It would currently break money laundering regulations in the UK.


November 2013 BTC Price: $250

bimboman wrote:
Yes but start trading those jars for dollars or wih a us entity and the fed will control it. What I think you currently have is lots of people with a grand in the gamble and levels reflecting so sellers as everyone is the same as you. There is no discernible value in the coin and actually retailers being able to accept the coin will perversely lower there value as the retailer looks to sell the coin for real money.


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PostPosted: Thu Aug 30, 2018 1:18 pm 
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Seneca of the Night wrote:
You can't even hold a straight conversation.


Mostly because I'm in and out of meetings and posting on my phone. :lol: In fact my egocentric post was whilst waiting for coffee at a take away. :((


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PostPosted: Thu Aug 30, 2018 1:20 pm 
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sorCrer wrote:
bimboman wrote:
Quote:
“The one thing that’s missing, but that will soon be developed, it’s a reliable e-cash. A method where buying on the Internet you can transfer funds from A to B, without A knowing B or B knowing A. The way in which I can take a 20 dollar bill and hand it over to you and there’s no record of where it came from. And you may get that without knowing who I am. That kind of thing will develop on the Internet.”




There's not a regulator in the west that's going to allow that to happen. End of. It would currently break money laundering regulations in the UK.


November 2013 BTC Price: $250

bimboman wrote:
Yes but start trading those jars for dollars or wih a us entity and the fed will control it. What I think you currently have is lots of people with a grand in the gamble and levels reflecting so sellers as everyone is the same as you. There is no discernible value in the coin and actually retailers being able to accept the coin will perversely lower there value as the retailer looks to sell the coin for real money.


There's still no value, there's still no retail use and their price has gone up, that's my argument not yours.

They are still something the fed will look to control.


Last edited by bimboman on Thu Aug 30, 2018 1:21 pm, edited 1 time in total.

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PostPosted: Thu Aug 30, 2018 1:20 pm 
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I think with the dollar bill example there is still essentially an intermediary. He's not standing right there but he's still agreeing to honour the bill of exchange. The central banks essentially keeps track of these transactions by keeping an eye on money supply, and a few other stats.


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PostPosted: Thu Aug 30, 2018 1:21 pm 
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sorCrer wrote:
Seneca of the Night wrote:
You can't even hold a straight conversation.


Mostly because I'm in and out of meetings and posting on my phone. :lol: In fact my egocentric post was whilst waiting for coffee at a take away. :((


Okay, fine, same with me tbh.


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PostPosted: Thu Aug 30, 2018 1:34 pm 
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bimboman wrote:

There's still no value, there's still no retail use and their price has gone up, that's my argument not yours.

They are still something the fed will look to control.


I have no doubt. I'm merely pointing out that you said this 5 years ago and we're still here. CBOE and CME have been trading BTC futures contracts for over 8 months and there have been multiple filings with the SEC for and ETF. All denied of course do concerns about market manipulation.

Truth is I don't know where it will all end up but I'm convinced that a Satoshi will be worth a US cent before 2035. I may well be wrong. If I'm not, I'll have done very well.


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PostPosted: Thu Aug 30, 2018 3:11 pm 
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sorCrer wrote:
bimboman wrote:

There's still no value, there's still no retail use and their price has gone up, that's my argument not yours.

They are still something the fed will look to control.


I have no doubt. I'm merely pointing out that you said this 5 years ago and we're still here. CBOE and CME have been trading BTC futures contracts for over 8 months and there have been multiple filings with the SEC for and ETF. All denied of course do concerns about market manipulation.

Truth is I don't know where it will all end up but I'm convinced that a Satoshi will be worth a US cent before 2035. I may well be wrong. If I'm not, I'll have done very well.



Hey you're on the inside and congrats on the money making. The points regarding liquidity, manipulation , federal or state control (and legality on money laundering) all still stand.


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PostPosted: Thu Aug 30, 2018 3:52 pm 
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bimboman wrote:
sorCrer wrote:
bimboman wrote:

There's still no value, there's still no retail use and their price has gone up, that's my argument not yours.

They are still something the fed will look to control.


I have no doubt. I'm merely pointing out that you said this 5 years ago and we're still here. CBOE and CME have been trading BTC futures contracts for over 8 months and there have been multiple filings with the SEC for and ETF. All denied of course do concerns about market manipulation.

Truth is I don't know where it will all end up but I'm convinced that a Satoshi will be worth a US cent before 2035. I may well be wrong. If I'm not, I'll have done very well.



Hey you're on the inside and congrats on the money making. The points regarding liquidity, manipulation , federal or state control (and legality on money laundering) all still stand.


Image

This is where the interest will come from. sorry on phone


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