Offensive Threat Posted May 31, 2014 Share Posted May 31, 2014 The exchange rate of bitcoin retook the $600 US handle today! Did the Chinese mafia who orchestrated the last spike move to a new country to do it again? Its fun because there is no way to tell. Good times. 1 Link to comment Share on other sites More sharing options...
CanadianLoonie Posted May 31, 2014 Share Posted May 31, 2014 (edited) Did the Chinese mafia who orchestrated the last spike move to a new country to do it again? Its fun because there is no way to tell. Good times. But it's legitimate when the Federal Reserve uses Belgium as a front to buy up the US Treasuries Russia is selling off? Edited May 31, 2014 by CanadianLoonie Link to comment Share on other sites More sharing options...
Offensive Threat Posted May 31, 2014 Share Posted May 31, 2014 But it's legitimate when the Federal Reserve uses Belgium as a front to buy up the US Treasuries Russia is selling off? Countries are buying and selling securities so that makes it fine that Chinese mobsters are manipulating Bitcoins value. Brilliant. You have allayed all of my fears. 1 Link to comment Share on other sites More sharing options...
ronthecivil Posted May 31, 2014 Share Posted May 31, 2014 Diversify geo-politicially? Is that the new spin for buying up bitcoins or stuffing your mattress with gold bars? Link to comment Share on other sites More sharing options...
CanadianLoonie Posted May 31, 2014 Share Posted May 31, 2014 Countries are buying and selling securities so that makes it fine that Chinese mobsters are manipulating Bitcoins value. Brilliant. You have allayed all of my fears. That was the action of a central bank manipulating the value of it's own currency...is that alright by your standards? Link to comment Share on other sites More sharing options...
CanadianLoonie Posted May 31, 2014 Share Posted May 31, 2014 Diversify geo-politicially? Is that the new spin for buying up bitcoins or stuffing your mattress with gold bars? Perhaps if your mattress is in another country... Link to comment Share on other sites More sharing options...
Offensive Threat Posted June 1, 2014 Share Posted June 1, 2014 That was the action of a central bank manipulating the value of it's own currency...is that alright by your standards? I love your arguments. Sure Bitcoin is rigged but heres something else thats rigged as well so its OK. 2 Link to comment Share on other sites More sharing options...
CanadianLoonie Posted June 1, 2014 Share Posted June 1, 2014 I love your arguments. Sure Bitcoin is rigged but heres something else thats rigged as well so its OK. You were the one who likes a sense of government-back legitimacy... Link to comment Share on other sites More sharing options...
CanadianLoonie Posted June 5, 2014 Share Posted June 5, 2014 Finally, Apple has decided that banning bitcoin-related apps may not have been that bright on an idea after all... Link to comment Share on other sites More sharing options...
CanadianLoonie Posted June 7, 2014 Share Posted June 7, 2014 Looks like ebay finally saw the writing on the wall and realized bitcoin is about to overtake Paypal...expect ebay to start accepting bitcoin later this year. Then Amazon. Then Google. You heard it here first... Link to comment Share on other sites More sharing options...
CanadianLoonie Posted June 12, 2014 Share Posted June 12, 2014 Expedia is going to accept Bitcoins! Link to comment Share on other sites More sharing options...
CanadianLoonie Posted July 19, 2014 Share Posted July 19, 2014 Link to comment Share on other sites More sharing options...
Offensive Threat Posted July 19, 2014 Share Posted July 19, 2014 Well beyond all the hype and yakking heres something real: The Jersey Financial Services Commission (JFSC) has given approval for a company to start a regulated Bitcoin Investment Fund. This will give major investors their first chance to invest in the digital currency within a regulated framework. This opens the door for insurance companies, pension funds and other institutions to invest for the first time. This is the first regulated Bitcoin fund in operation. Investors will have to conform to the same security checks as those undertaken with mainstream financial products. Source: http://www.bignewsnetwork.com/index.php/sid/223695999/scat/3a8a80d6f705f8cc/ht/Jersey-approve-Bitcoin-fund-launch-on-island You want acceptance by the mainstream? This is a step. Link to comment Share on other sites More sharing options...
CanadianLoonie Posted July 19, 2014 Share Posted July 19, 2014 Did you wait for FCC-approval before composing your first email? Did you apply for a license from the "Federal Data Administration" before using the Internet? Link to comment Share on other sites More sharing options...
CanadianLoonie Posted July 21, 2014 Share Posted July 21, 2014 Dell is going to accept bitcoin soon, apparently. Is this going to make one want to by a Dell computer is another matter entirely... Link to comment Share on other sites More sharing options...
CanadianLoonie Posted July 23, 2014 Share Posted July 23, 2014 Latvia's national airline airBaltic has become the world's first airline to accept Bitcoin as payment for its tickets... Link to comment Share on other sites More sharing options...
Offensive Threat Posted July 23, 2014 Share Posted July 23, 2014 Latvia's national airline airBaltic has become the world's first airline to accept Bitcoin as payment for its tickets... Well thank god for that. 1 Link to comment Share on other sites More sharing options...
CanadianLoonie Posted July 23, 2014 Share Posted July 23, 2014 It is unusual considering the business is almost wholly government-owned... Link to comment Share on other sites More sharing options...
Offensive Threat Posted July 23, 2014 Share Posted July 23, 2014 It is unusual considering the business is almost wholly government-owned... They are doing something right. That airline was bleeding money when SAS owned it and until the Gov stepped in in 2011. It likely would have collapsed if they hadnt bought it. Cost cutting and an improving economy in Latvia in general have turned it around. Thats right, in some countries the Government can buy a business and make it profitable. Not in Canada, but in other countries. Link to comment Share on other sites More sharing options...
CanadianLoonie Posted August 7, 2014 Share Posted August 7, 2014 (edited) Well someone doesnt seem to like the idea of their unique little outlaw currency becoming just another commodity in the boring old world of trading. Get over it, Bitcoin is gonna have to move up to the big boys table with the IRS, SEC etc. and quit playing in the sand with Chinese mafia goons. The SEC now recognizes BITCOIN as an investment and subject to SEC securities laws. They have already charged a number of people with running Bitcoin dominated ponzi schemes in the last little while. Heres one: http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539730583#.U2oFOvldUwA The IRS has announced that Bitcoin will be taxed as it taxes capital gains on stocks. On Cir.ca: "The IRS on March 25 said that it would treat Bitcoin (and other virtual currencies) like property, not currency, for tax purposes. The ruling means that the IRS will treat Bitcoin held by users the same way it treats stock; Bitcoin holders would be required to pay capital gains on any increase in value." The regulators are coming and these "antiquated institutions" are gonna straighten out this mess. So the New York Department of Financial Services has released a draft for what the state's BitLicenses will look like, so does this signify "legitimacy" to you now that antiquated government institutions are going to regulate it? http://www.businessinsider.com/nydfs-bitlicense-draft-2014-7#ixzz39h6M6rRK Edited August 7, 2014 by CanadianLoonie Link to comment Share on other sites More sharing options...
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