The Cryptsy Bitcoin Plunge - 92.00 USD

In a week in which Coinbase went public in BTC trading... Who would liquidate 47 BTCs in such a manner and why? Was it to show the thinness of the market - certainly a petty billionaire could manipulate at this level and MUCH much more, right? (as is evident by most of the big caps moving in sync most of the time?)

 USD Market List   -   10 Active Markets
Search Markets: 
Market Currency 24hr Vol Price 24hr High 24hr Low
BTC/USD BitCoin 99.2 BTC 223.29731204 264.20938948 USD 92.00000000 USD
Was it some rich tycoon  who got in at 330 last week thinking the surge would be the next spike... and then just as easily got out to say WTF to Bitcoin? Is such volatility going to be normal in a world market of collapsing commodity prices? Seen as a possible refuge to those in countries with falling currency values?

Certainly the relative strength of the USD and the China currency (being undervalued) lends strength to Bitcoin prices IMO. Hard to buy into that marketplace perhaps in other places of the world... and could that be part of the weakness at this time of expansion... on bitcoin protocol all over the world?
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Oh, .... my blogging efforts here with simply an element of real follow through on my personal beliefs about the system in general and how change might occur in a world dominated by TPTB.... so, ... as readers of this blog know... IMO... the idea of the company called BitWage -

Your Wage, Bit by Bit

Next-Day Fiat to Bitcoin 

Faster and amazingly low-cost paychecks and payments between US and Philippines. No bank account required.

 where a worker can get their salary/earnings in Bitcoin - is a potential major game changer IMO (and I expect just the first of companies to move into the niche) in making the arrangements for individual people to use such a service.

So, I reached out suggesting to BitWage to extend their focus beyond BTC. And got a response. And potential `news'.

So, what will I report at this time? 

I will report that there is interest in/at BW to do more than just Bitcoin for payroll conversion...... and that brings up what I've been saying about the supposed `Nation' (brand positioning) coins and other even more potentially real `sovereign' coins.... (hint, hint) - get my drifting smoke-signal?
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Is a revolution at hand?

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Additionally, I've been contacted about doing a write-up for an upcoming `Crypto-Magazine' of some sort in the fairly near future.... we'll see.... someone evidently is reading my positioning statements.

I guess you are. Thanks.

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Bitcoin Winners

Ripple Labs Close To Finishing Raising 30 Million

with their own `trusted node' technology for possible transactions between institutions such as BANKS - go where the money is boys and play in their backyard (might this one still have significant room on the upside?)

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Bitcoin Spew

concerns do not change the authors’ view that bitcoin “is a radically new, decentralized system for managing the way societies exchange value. It is, quite simply, one of the most powerful innovations in finance in 500 years.”

The authors give insight into what might be motivating some of the bitcoin naysayers: the bitcoin model could slash trillions in financial fees, eliminate work done by payment processors, and cut into legal and accounting fees. In other words, by disrupting the global economy’s status quo, many parties stand to lose.

Bitcoin’s advantages are particularly visible in emerging markets where under the current financial system migrant workers can pay 10 percent or more in transaction fees for international payment services, the essay notes.

(BITWAGE ANYONE?)

2,000 Word Article In WSJ About Bitcoins Future

The article quotes from a new Bitcoin book but has some classics in this article as you can see above.

(Some Bitcoin Books In Left Sidebar)

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Bitcoin Barf

If you love to bark(f) about your favorite coin... in an endless trollbox...for btc reward for doing so..... then we have the place for you Friends For Cash does it sound like a match for you?

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Thanks for your readership, even if you initially came to look at the original Barfstew. Please interact with the various marketing links on this page to give back to the webmaster.

A Crypto Analysis By The Reddhead Newsletter

I wanted to bring a passage in the analysis to your attention as it is indeed IMO TRUE and will be looked at more and more as the endless parade of NEW coins come on board and slowly vanish from sight forever... leaving the ones that have some sort of use, some sort of branding, some sort of intrinsic value... and ideally... some level of scarcity. 

Here's the two minute read with lots of good insights as to where crypto-currencies are right now:
Link To Analysis

The mining algorithm that secures Bitcoin has a certain effect on the the value of each Bitcoin: increases in mining difficulty lead to an increase in the cost of mining each Bitcoin, which theoretically should increase the price as miners will not want to sell at a loss (although it has been speculated that the recent falls in the price of Bitcoin is resulting in miners being forced to sell at a loss, something that may lead into an increasingly vicious downward cycle - see the MIT article link below).

But as the future of cryptocurrency evolves, it may turn out that the “market cap” of each cryptocurrency project will begin to reflect more and more the value of the services being built around that project and the actual use of the cryptocurrency for its intended purpose, something that it would not be accurate to say has driven the increase in market cap of Bitcoin over the past few years.

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Like I've been saying... many of these coins really... have little to no value now or in the future IMO.

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Bitcoin Stew

Bitcoin's Core Tested For Scalability

very technical but interesting and important

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And speaking of complex... did you know what happens in your computer and world when you type Google.com into a web browser?

Here's What Occurs

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Here's a product you might need - great price and performance

click the pic

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MORE SOON

`Native' American Crypto-Currencies Tomahawk Higher

You could do worse than reading this blog which featured the MazaCoin Over Five Weeks Ago very early in the switch-over to a bitcoin blog as it and Navajo Coins have been SOARING like an Eagle in the clear blue sky..... MazaCoin, the coin of the Oglala Lakota Nation, is following the path upward in value being laid by the NavajoCoin. Indeed, my next update at Bitcoins In Trade may shock you with what they've done to the value of my accounts at Bittrex and Cryptsy. I told you that the ONLY coins with potential legit value were coins that could be viewed as sovereign coins. And the run has only just begun IMO. Why Their Could Be A Bull Run With The New President John Steele - who is big on sovereignty. 
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Bitcoin News, Views, and Spews

Below is the Founder of MazaCoin Payu Harris talking with a local city council representative about bitcoin technology and bringing to the area. As with most in the political realm she is of low awareness about the technology but is seemingly more than willing to learn if it will help the community.

Bitcoin Winner - Payu Harris

Link To Video

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The Spew

I know who hacked Sony Pictures - Says John McAfee

says it wasn't North Korea

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More Soon

Stay Tuned