The Bitcoin Tracking Thread

[Sparky]

New all time high: $240

How many days ago did I post a thread about it reaching parity with an ounce of silver at ~ $27?

Too few to give any sense of price stability.

I'm not saying it can't go to $1000, but the ride might make a lot of people sea sick.

[Blink]

How? Bitcoins were developed by the crypto-anarchist community. All money "pumped" into it enriches the anarchist/libertarian movement. Why would they want to make the people who want to destroy them wealthy? Seriously do you understand how much the people who are in the Bitcoin community absolutely hate the NWO/bankers/Rothschilds?



Because they don't know WTF it is. More than half the people on this forum don't know WTF it is, and this is a decent group of very intelligent, awake people. I'm pretty sure the controllers don't know WTF it is either.

They don't know how to shut it down. They know if they talk about it too much more people will get interested and they will lose total power. They have no power over this, other than shutting down exchanges (the current weakness.) This is the tool(s) we need to destroy the bankers once and for all. Their whole system is based on confidence. We have an alternative now and people are moving into that alternative. As time goes on there will be a shift (hopefully). Right now we need education and convince more people to leave the banking system and join the free and decentralized cryptocurrency movement. Prices will stabilize eventually whether its on the upside or downside and more commerce can commence. The price is skyrocketing from new entrants, not by old timers pushing up the price. This is an obvious shift.

Is this a bubble, or the implementation of new technologies? Will it return back to the long term mean?
http://gailtheactuary.files.wordpres...d-fuel-use.png




The best cryptographers and hackers are almost all anarchists/libertarians. If the bankers/government came out with a cryptocurrency no one would use it, and it wouldn't even work since you need the users confidence for it to work. People who are computer savvy enough to even know what a Bitcoin is aren't dumb enough to trust the government. The people who are using Bitcoin are fully awake on how the banks and governments really work. They know about the Federal Reserve, they know about they Rothschilds, that's why they designed/put faith in the cryptocurrencies to BEGIN with.




No we aren't. The bankers/government aren't that smart. They are just a 10 year old autistic kid with a printing press. They are not intelligent by ANY stretch. Do you have any idea how hard it is to fuck up and fail when you have a printing press? It's very hard, you pretty much have to try to fail. They can employ intelligent people to help enslave us, but as a whole these people are slow moving, and completely retarded. Imagine trying to go before the Congress and explaining what Bitcoins are, and on top of that what Cryptography is. These people wouldn't and wont get it before it's too late for them. The elites are inbred and completely detached from reality. They will lose their power before they know what hit them. The trick is to not fight on their terms, that's why we ALWAYS fail before. If you fight on their terms by doing things like voting, or using physical violence (which they hold monopolies one) they will win.

You can take Goliath down easily with a very simple weapon, and a well placed shot. Never attack an enemy who is bigger and stronger than you from an angle they expect. Find a weakness, attack them by surprise and watch them fall. We don't have to be slaves anymore. We can be free. There are solutions now with the new technologies that are emerging.

Then it would safe to say we disagree. For what its worth, you have too many absolutes in your explanation. The government isn't that smart, limited intelligence, your also assuming who invented it (I thought the guy is still unknown, could be wrong), they don't know what it is, they don't know how to shut it down, to name a few. You assume a lot about Bitcoin and government/bankers ability to shut it down or affect it. And of course anti-government, anti-NWO types are driving it, thats who its being sold to in this atmosphere of financial instability. And I'll say it again, its being flaunted in government's face and nothing is being done. Not even a speech (in case they can't shut it down like you say) discouraging people that circumventing taxes and legal tender laws could be hazardous to their health. Naw, smells fishy to me, but, to each its own............

[madfranks]

Then it would safe to say we disagree. For what its worth, you have too many absolutes in your explanation. The government isn't that smart, limited intelligence, your also assuming who invented it (I thought the guy is still unknown, could be wrong), they don't know what it is, they don't know how to shut it down, to name a few. You assume a lot about Bitcoin and government/bankers ability to shut it down or affect it. And of course anti-government, anti-NWO types are driving it, thats who its being sold to in this atmosphere of financial instability. And I'll say it again, its being flaunted in government's face and nothing is being done. Not even a speech (in case they can't shut it down like you say) discouraging people that circumventing taxes and legal tender laws could be hazardous to their health. Naw, smells fishy to me, but, to each its own............

Do you think the DEA could shut down Silk Road any day and are just pretending that they can't?

[Shami-Amourae]

Then it would safe to say we disagree. For what its worth, you have too many absolutes in your explanation. The government isn't that smart, limited intelligence, your also assuming who invented it (I thought the guy is still unknown, could be wrong), they don't know what it is, they don't know how to shut it down, to name a few. You assume a lot about Bitcoin and government/bankers ability to shut it down or affect it. And of course anti-government, anti-NWO types are driving it, thats who its being sold to in this atmosphere of financial instability. And I'll say it again, its being flaunted in government's face and nothing is being done. Not even a speech (in case they can't shut it down like you say) discouraging people that circumventing taxes and legal tender laws could be hazardous to their health. Naw, smells fishy to me, but, to each its own............

To me, that's like saying the MPAA/RIAA invented Bit-Torrent.

Bit-Torrent almost wiped out the entire recording and movie industries, and forced them to radically reform and become less powerful/influential in the world. We know Bit-Torrent was invented by Bram Cohen, but it's no longer in his control. He made his system open sourced and now it's part of the community, and developed in a decentralized fashion by the community. Bram Cohen has a lot to do with the creation of Bitcoin since Bit-Torrent was one of the things that inspired it.

The banking system wont be entirely destroyed, but it will be forced to be more honest and run better. It will also have less power since it will have more competition. This is how Bit-Torrent changed the Entertainment industry, and this is how Bitcoin and other cryptocurrencies will change the Financial industry. That's the entire point. That is the goal.


I don't assume these things since I'm a programmer and have dealt with virtual currencies like this FOR A LIVING since 2006. I make my entire income on virtual currencies. My entire life is virtual. I have a long history of doing this stuff.

[Blink]

Do you think the DEA could shut down Silk Road any day and are just pretending that they can't?

Don't know, never been there. Really don't care about it anyways from what I heard........

[Blink]

To me, that's like saying the MPAA/RIAA invented Bit-Torrent.

Bit-Torrent almost wiped out the entire recording and movie industries, and forced them to radically reform and become less powerful/influential in the world. We know Bit-Torrent was invented by Bram Cohen, but it's no longer in his control. He made his system open sourced and now it's part of the community, and developed in a decentralized fashion by the community. Bram Cohen has a lot to do with the creation of Bitcoin since Bit-Torrent was one of the things that inspired it.

The banking system wont be entirely destroyed, but it will be forced to be more honest and run better. It will also have less power since it will have more competition. This is how Bit-Torrent changed the Entertainment industry, and this is how Bitcoin and other cryptocurrencies will change the Financial industry. That's the entire point. That is the goal.


I don't assume these things since I'm a programmer and have dealt with virtual currencies like this FOR A LIVING since 2006. I make my entire income on virtual currencies. My entire life is virtual. I have a long history of doing this stuff.

Thats all fine and dandy, but, you still assume what government/banks can and cannot do, and any programmer knowledge won't help you in that regard. That type of certainty is dangerous not only to you but to others. Maybe BTC is legit (I don't know), but, I do know it has a track record of about 4 years now and its only really taken off in the last year (few months really). Every forum I've been too has cheerleaders talking about how government "can't" stop it. Jesus, its like you all read from the same playbook. Like I said before, to each its own.............

[Horn]

I make my entire income on virtual currencies. My entire life is virtual. I have a long history of doing this stuff.

Great debate, anything created by man can be destroyed by men in short order, IMO.

The creators should step forward and make their intentions known, anything else leads you to believe otherwise.

Or at least have something representing them, then if they did get cut down (by those entities that they were opposed to) there would be even more move towards the cause.

[Ares]

Thats all fine and dandy, but, you still assume what government/banks can and cannot do, and any programmer knowledge won't help you in that regard. That type of certainty is dangerous not only to you but to others. Maybe BTC is legit (I don't know), but, I do know it has a track record of about 4 years now and its only really taken off in the last year (few months really). Every forum I've been too has cheerleaders talking about how government "can't" stop it. Jesus, its like you all read from the same playbook. Like I said before, to each its own.............

So if we're cheer leaders, does that make you a "Debbie downer"? Making excuses and accusations about a protocol you simply do not understand and have no desire to even learn.

As you say, to each their own.

[Ares]

Great debate, anything created by man can be destroyed by men in short order, IMO.

The creators should step forward and make their intentions known, anything else leads you to believe otherwise.

Or at least have something representing them, then if they did get cut down (by those entities that they were opposed to) there would be even more move towards the cause.

That also applies to the banking system you appear to be defending. The author of the BTC has made his intentions know. Read the damn papers he/she/they published http://bitcoin.org/bitcoin.pdf

So you don't look like a fool spouting non-sense about a system, protocol, or currency you simply do not know, don't want to know and just dismiss as a slight. To each their own, no one is forcing you to read, respond or remark in this forum. But all I see is back in forth between you, Blink, and a couple others. Looking completely foolish because you have no understanding of how a P2P system works. You act like governments or banks can just flip a switch and shut it down. THEY CAN'T!!
You act like they are all powerful THEY ARE NOT!
You act like they are all knowing THEY ARE NOT!
Don't you think they would of shut down bit-torrent networks by now? Silk Road, up and running for 3+ years now, not so much as a raid on the site by any authorities in any country. If you know how to mask your IP, you can appear anywhere in the world. Bitcoin is a currency developed to meet the needs of people who want to transact business without having their government or bank involved in the process. I thought that's why we were all here is it not?
So a solution comes along, you and others like you dismiss it and throw some wild ass conspiracies with no proof, no thought, and no understanding of it's foundations.

[sirgonzo420]

Too few to give any sense of price stability.

I'm not saying it can't go to $1000, but the ride might make a lot of people sea sick.

Absolutely no argument here.

"Price discovery mode" for Bitcoin has been insane to put it mildly.