The Bitcoin Tracking Thread

[Ares]

China is the unknown variable in this equation.
http://www.coindesk.com/bitcoin-exch...ng-lightspeed/

They seem to be buying Bitcoins and Litecoins apparently hand over fist. Both have a finite supply (21 million Bitcoins, 84 million Litecoins) China has a population of over 1 Billion people, and India has also been buying Bitcoins / Litecoins. 2 nations with 2+ billion people buying an item with a finite supply. Maybe they just got tired of the gold and silver manipulation? Who knows?

It makes it easier to get money out of the country that way as China does have capitol controls. Nations are going to realize that with crypto currencies, capitol controls just aren't going to work (not that they did before) but now it's even easier to put your fiat into a crypto take a "vacation" to another country cash out into the local currency and do whatever you like.

You can watch who buys what from where with www.fiatleak.com

[Son-of-Liberty]

I hate to say this but Horn and some others might be right about Bitcoin.

http://www.bloomberg.com/news/2013-1...-benefits.html

Considering that BTC if legitimate has the power to destroy the banking system, why on earth would they be promoting it?

[Shami-Amourae]

I hate to say this but Horn and some others might be right about Bitcoin.

http://www.bloomberg.com/news/2013-1...-benefits.html

Considering that BTC if legitimate has the power to destroy the banking system, why on earth would they be promoting it?

They think they will get away with forcing businesses to have licenses to be able to use Bitcoins and then taxing non-Americans and Americans. They are psychopaths.

[Ares]

I hate to say this but Horn and some others might be right about Bitcoin.

http://www.bloomberg.com/news/2013-1...-benefits.html

Considering that BTC if legitimate has the power to destroy the banking system, why on earth would they be promoting it?

I read the article, they really aren't promoting just giving the Senate committee guidelines on what it is. Even the Fed out of Chicago said it was innovative payment processing system.

My guess, and I'm just shooting in the dark here, my guess is that they are excited about the PROSPECTS of regulating and taxing it. Just like they have been with everything else. They see a 6 Billion dollar+ market cap, and are wondering how much of that they can take for themselves.

[Horn]

They see a 6 Billion dollar+ market cap, and are wondering how much of that they can take for themselves.

Not to mention it leaves citizenry holding nothing real.

[Shami-Amourae]

http://s21.postimg.org/hir0egbzr/Canute.jpg

[EE_]

I hate to say this but Horn and some others might be right about Bitcoin.

http://www.bloomberg.com/news/2013-1...-benefits.html

Considering that BTC if legitimate has the power to destroy the banking system, why on earth would they be promoting it?

Anyone that believes the dollar will eventually collapse, should also believe the bankers have thought about this.

If and when the dollar gets devalued, or outright collapses, the government will be more then ready to roll out the new currency. I can tell you it will not be paper...it will be a digital system. All transactions will be digital...employers will pay employees with the new digital credits and so on.

Bitcoin is a great way to prepare the masses for this new system. Just like people begging and standing in line all night to get the new government personal tracking, digital commerce device. (iPhone)

I think cash will be a slower phase out program as it will still be needed until all are on board and own a PTDCD (Personal Tracking Digital Commerce Device) aka. 'mark of the beast'

[Horn]

Just like people begging and standing in line all night to get the new government personal tracking, digital commerce device. (iPhone)

Those have a precious metal value to them though, what should be happening is finding ways to get that value back out of the old ones.

Not just letting them end up in a trash fill headed back for some polluted Chinese wok to be recycled.

Maybe it would stop or slow the new notional value phones, that really offer very little change benefit from the old one.

[Son-of-Liberty]

I read the article, they really aren't promoting just giving the Senate committee guidelines on what it is. Even the Fed out of Chicago said it was innovative payment processing system.

My guess, and I'm just shooting in the dark here, my guess is that they are excited about the PROSPECTS of regulating and taxing it. Just like they have been with everything else. They see a 6 Billion dollar+ market cap, and are wondering how much of that they can take for themselves.

http://bitcoinmagazine.com/8132/obam...oin-greenlist/

I don't know. I am being cautious.

You guys seen this paper on digital "cash" Supposedly put out by the NSA in 1996.

http://groups.csail.mit.edu/mac/clas...nt/nsamint.htm

If the government is behind bitcoin it doesn't mean it is a bad investment. In fact it will go up even more. Just have to convert your BTC to tangibles or other crypto's before they demand biometrics.

Satoshi's real identity is still not known.

[Ares]

885.89 on Mt.Gox.

I'm getting a little concerned now. This a parabolic rise... Way too high, way too fast.