Fiat structure is supported by modern economics that have been developed by academics throughout hundreds of years.
This "banksterism" that you see, is another animal altogether. This has been caused by the growing corruption of the public sector. This has been the cause why the banking sector is over-privileged, and that is why all the anger towards banks from the working class.
Public sector should control banks and see to it, that they fall under basic capitalism rules like fair competition. But when societies leaders are a pack of unethical and weak spirited "felines", then banking leaders don't have to practice responsibility.

People with little knowledge about finance tend to blame modern economics when thinking of the latest financial problems. But it's not the economics, but it's the rape of economics by certain people who have a lot of power and very little responsibility.
And who is the best supporter of this "banksterism" ?
Probably you.. or your neighbor, or members of your family. By always taking the public sector for granted and voting for someone "because I see him a lot on TV". People don't actually learn in depth the skills, experience, plans and visions of the electee that he/she votes for.
And that is how incompetent and weak spirited politicians come to be the leaders of the public sector, and that is why banking hasn't been balanced.

Apathy is a defect that has affected a large part of the population. I don't know if it's the speed of our environmental changes or hormonal problems, but people seem to be affected by it with increasing rate. For instance, in this forum, I only found couple of people who were willing to act and do something to root out the corruption in the bitcoin market system. Most even got angry at me for trying to do something. Most seemed to hope that if everyone does nothing, then things will get fixed by itself.
This part is not much different between "banksterism" and "bitcoiners". Both want to be rich and powerful without having any responsibility, or if possible, without doing anything other then enjoying luxury.

So, don't blame the modern economics and don't try to act like bitcoin economics would actually be better. The proof-of-work fixed coin creation system is a joke compared to modern finance. We are living in a globalized world and it would be absurd that this world could run trade with this simplistic system.
But there can be a system that is as complex or more as modern finance, and that would be mainly automated and transparent. That system will be the "coin" that I'm really interested in!
I like bitcoin because it brought forward a big step in moving towards this idea. I have always dis-liked religious fanatics though and I tend to fall into conflict with them.

   Yeah thanks for that mmitech, I too have been concerened with the upload ability with the support tickets but its good to know the feelings of someone who has even spoken to these guys.

   The thing to think about though is these slight vunerabilities absolutely and categorically should not be present. These exchanges are dealing with hundreds of millions of dollars there is no excuse for not having seperate support servers, updating people when there was an obvious glitch and pushing out updates to a live environment. If they cant invest a small % of the HUGE amounts of money they are making then it beggars belief, it gives the whole industry a cowboy look because at the end of the day these exchanges werent built by financial programming experts and aren't run by people qualified to run global business' that deal with such vast sums.


All the current exchanges will be dead in the water once a US based proffessional exchange is released. There is literally no reason to continue to use bitstamp et al once this happens. The only exception really is btc-e who will continue to cater for the people not prepared to give out any identification.

I'm starting to feel bullish, we're going down?  

Another chance to sell peoples 

The market needs some rest to build momentum, and all of this isn't an act to drive the price down to buy back cheaper. This act is about dumping coins and creating illusions to keep the buy support up.
There are plenty of experienced investors who want out with certainty and they are just spreading out their sales to get better profits. These are mostly the investors that came in during the last November rally. They have no emotional attachment to bitcoin, that would make them stay. They are just doing what their schools taught them, to cut their losses in the best way possible, and to move forward with other investments. The loss of the markets in China and loss of the public trust isn't nothing to them. To them, bitcoin failed in the attempt to pass the threshold from illegal to legal finance.  When these guys will finish dumping, then the price will be low, but it will be stable.

The timing of the new chiniese "news" is amazing, why it feels like sheeps are getting played into selling low and buying high every time?

What would this pattern be called, if it broke out: Head, shoulders, and hips?

I think HDBuck is ignoring me, but YES, it does seem pretty immature for a supposed professor to be engaging in communications that seem like veiled threats.

Dude I've made a killing from his Chinese slumber posts.

what is with bearstamp? never seen such a big spread between stamp and bfx except in the middle of a massive pump.

By the way... it is time to roll out the Ron Paul meme... because it is happening (or at least starting to).

100% should be sufficient.

It is a secret event for us?

stamp landing

350 incoming.

Big walls coming soon...

Why? Without giving too many spoilers.

It's still informative enough that someone not familiar with BTC can learn something from it.

What's happening?

...Signs of a bottom and that BTC has value.