Thread: RIP Bitcoin

Originally Posted by Farangrakthai

what's going to happen to the us/world economy, IYO?

We are already seeing it; the stock market crash with the hyperinflation. Along with the bankster, IRS and SEC paranoia about crypto.
They are effectively helpless against Bitcoin. They can only marshal the current FUD, which only affects the dim newbees.

Originally Posted by Mr Earl

We are already seeing it; the stock market crash with the hyperinflation. Along with the bankster, IRS and SEC paranoia about crypto.
They are effectively helpless against Bitcoin. They can only marshal the current FUD, which only affects the dim newbees.

ok, good luck with that.

Originally Posted by Farangrakthai

ok, good luck with that.

It's only a matter of observation, imho.

our resident bitcon guru in trouble again

lululemon (LULU) CEO Laurent Potdevin Resigns After Falling Short on 'Standards of Conduct'

(Updated - February 5, 2018 4:05 PM EST)
lululemon athletica inc. (NASDAQ: LULU), the healthy lifestyle inspired athletic apparel company, today announced that Laurent Potdevin has resigned as CEO and as a member of the company’s Board of Directors, effective immediately. lululemon expects all employees to exemplify the highest levels of integrity and respect for one another, and Mr. Potdevin fell short of these standards of conduct. The Board of Directors has immediately begun a search process for a proven and highly-experienced global Chief Executive Officer.

“While this was a difficult and considered decision, the Board thanks Laurent for his work in strengthening the company and positioning it for the future,” said Glenn Murphy, Executive Chairman of the Board. “Culture is at the core of lululemon, and it is the responsibility of leaders to set the right tone in our organization. Protecting the organization’s culture is one of the Board’s most important duties.”
In his newly expanded role as Executive Chairman, Mr. Murphy will focus on achieving long-term, sustainable results for all stakeholders. Three of lululemon’s senior leaders are being elevated and will take on additional responsibilities, reporting to Mr. Murphy: Celeste Burgoyne, Executive Vice President, Americas, will oversee all channel and brand-facing aspects of the global business, including stores and e-commerce, as well as brand marketing; Stuart Haselden, Chief Operating Officer, will have responsibility for all operations related to finance, supply chain, people, and technology; and Sun Choe, Senior Vice President of Merchandising, will guide all aspects of product development, design, innovation, and merchandising.
Mr. Murphy added, “The Board is entirely confident that Celeste, Stuart and Sun – three leaders deeply tied to the recent momentum in the business – can continue to execute on lululemon’s growth strategy and drive global performance. Based upon their contributions to the recent expansion of the business, their history of collaboration with one another and their strong support across the lululemon organization, we believe this trio of leaders will take lululemon from strength to strength.”
Today, lululemon also reaffirmed its updated guidance provided on January 8, 2018, that reflects the ongoing momentum of the business. In addition, the company’s growth strategies remain on track to achieve $4 billion in revenue in 2020. The company’s continued success in the market it created is rooted in its strong connection to its guests and vertically integrated business model; embodiment of the active, mindful lifestyle; and category-disrupting product innovation that blends fashion and function.
Biographies
Glenn MurphyExecutive Chairman of the company, and Chairman of the Board
Glenn Murphy has taken an active role in the strategic direction of the company since joining the Board in 2017. He has more than 30 years of success leading retail organizations to grow and succeed. He is the founder and CEO of cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.fis-holdings.com%2F&esheet=51753882&newsitemid=2018020 5005937&lan=en-US&anchor=FIS+Holdings&index=1&md5=7d068f415ac7a56 c28179ad8f7315a64"">http://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.fis-holdings.com%2F&esheet=51753882&newsitemid=2018020 5005937&lan=en-US&anchor=FIS+Holdings&index=1&md5=7d068f415ac7a56 c28179ad8f7315a64" rel="nofollow">FIS Holdings, a consumer-focused investment firm deploying a combination of operating guidance and capital flexibility. From 2007 to 2014, Mr. Murphy served as Chairman and CEO at Gap Inc. during a period of global growth and improved financial performance. Previously, Mr. Murphy served as Chairman and CEO of Shoppers Drug Mart Corporation and held senior leadership roles at Loblaw Companies.
Celeste BurgoyneExecutive Vice President, Americas
Celeste Burgoyne, Executive Vice President, Americas, will continue to oversee all channel and customer-facing aspects of the North American business, including stores and e-commerce, and will now add oversight of the company’s international regions, as well as brand marketing. Ms. Burgoyne joined lululemon in 2006 to lead the U.S. expansion and has since held a series of roles of expanding responsibility, including Senior Vice President, Retail, North America where she was responsible for overseeing all Canadian and U.S. retail. Celeste started her career with Abercrombie & Fitch, where she held various leadership positions during her 10 years with the company.
Stuart HaseldenChief Operating Officer and Chief Financial Officer
Stuart Haselden, Chief Operating Officer, will continue to oversee all operations related to finance, supply chain, legal and technology, and will now add oversight of our strategic planning and people & culture functions. Stuart joined lululemon as Chief Financial Officer in 2015. Prior to joining lululemon, his career spans 15 years of executive leadership at global apparel retailers, including Saks Incorporated and J. Crew Group, Inc., where he most recently served as Chief Financial Officer.
Sun ChoeSenior Vice President of Merchandising
Sun Choe, Senior Vice President of Merchandising, will continue to oversee merchandising and will now add all aspects of product design, innovation and development to her portfolio. She joined the company in 2016 as Chief Global Product Merchant with extensive experience in senior leadership roles at well-known brands, including Madewell, West Elm and Urban Outfitters.

Mon, 05 Feb 2018 1600 -0500
Copyright (c) 2018 StreetInsider.com

^That's a real nice list of names you pasted there, nutbag

Originally Posted by Dragonfly

our resident bitcon guru in trouble again

so, now you're just posting nonsense with no context?

what's that about, IYO?

Someone hacked me computer.

Did someone put rubber in the cat?

^

It's fallen a long way, I think it's still got a few more bounces left in it before it comes to a complete stop.

Originally Posted by Plan B

Revolutions only happen when people are pushed to breaking point and they have little left to lose. Despite the economy and debt levels and fractional reserve banking most people still have jobs/houses/opportunities. Life carries on. I doubt I'll see a political/cultural revolution in the West in my generation. Almost certain to see tech revolutions that will change our lifestyles, I've already lived through two, I expect to see two more before I die.

well said.

China to stamp out cryptocurrency trading completely with ban on foreign platforms | South China Morning Post

China moves to shut down cryptocurrency market

China will block all websites, foreign and domestic, providing information related to cyrptocurrency trading and initial coin offerings in an effort to completely shut down the cryptocurrency market, according to a report by Financial News, a publication associated with the People's Bank of China. When China banned cryptocurrency trading and ICOs in September, some investors simply shifted to offshore platforms.

Well, there is a global sell-off, so bitcoins are not alone

Most Asian-Pacific markets follow US exchanges lower

Asian-Pacific markets except Shanghai posted sharp losses after US equity markets were hit by a sell-off. Japan's Nikkei 225 plummeted 2.6%; Hong Kong's Hang Seng Index gave up 1.1%; Australia's S&P/ASX 200 dropped 1.6%; China's Shanghai Composite rose 0.7%; South Korea's Kospi lost 1.3%; and India's Sensex was down 0.9%.

https://www.cnbc.com/2018/02/04/asia...-in-focus.html

https://www.reuters.com/article/us-b...-idUSKBN1FP2HB

ECB warns banks about holding digital currencies

European Central Bank President Mario Draghi told the European Parliament the ECB's supervisory arm is exploring possible financial-stability risks from digital currencies, even though supervised institutions show little interest in holding them. Draghi warned that digital currencies are risky and that banks should "measure the risk of any holding of digital currencies in their portfolio accordingly."

https://www.reuters.com/article/us-g...-idUSKBN1FP2FJ

CFTC, SEC heads to discuss cryptocurrency with senators

The heads of the Commodity Futures Trading Commission and the Securities and Exchange Commission are expected to testify at a Senate hearing Tuesday that virtual currencies pose risk to the financial system. SEC Chairman Jay Clayton's prepared testimony states the agencies are prepared to explore with Congress "whether increased federal regulation of cryptocurrency trading platforms is necessary or appropriate."

Originally Posted by Dragonfly

China to stamp out cryptocurrency trading completely with ban on foreign platforms | South China Morning Post
China m

wow!

for a guy who's never thought highly of crypto, you sure have followed it closely.

interesting news for Earl about the size of the derivatives market,

Bitcoins is a game for amateurs, real players are into Swaps

https://uk.reuters.com/article/us-us...-idUKKBN1FL5T0

CFTC calls $542T swaps-market figure inaccurate

The global swaps market has been overstated at $542 trillion using a "notional" value calculation, Commodity Futures Trading Commission Chairman J. Christopher Giancarlo told a conference. Giancarlo said sizing the global swaps markets this way "has done nothing to bring clarity to newspaper accounts, policy discussions in Congress, or regulatory policy setting in the decade since the financial crisis."

Originally Posted by Farangrakthai

wow!

for a guy who's never thought highly of crypto, you sure have followed it closely.

got it as part of my daily newsfeed, might as well share some of them here for free

Originally Posted by Dragonfly

got it as part of my daily newsfeed, might as well share some of them here for free

you are really interested because:

1. you are buying/selling?

2. you won't admit you're fascinated.

3. a combination of the 2.

Originally Posted by Farangrakthai

you are really interested because:

1. you are buying/selling?

2. you won't admit you're fascinated.

3. a combination of the 2.

4. I post them here because they are part of a newsfeed I receive on all Fintech, not only bitcoins

easy to comprende ?

Originally Posted by Dragonfly

4. I post them here because they are part of a newsfeed I receive on all Fintech, not only bitcoins

easy to comprende ?

and the reason you post on this thread?

and you are ?

Originally Posted by Farangrakthai

and the reason you post on this thread?

For the same reason Ant pops in occasionally to remind us for the gigatrillionith time that Earl drinks his own piss, and the same reason AO recently dropped by recently to add absolutely nothing: Unrequited Love.

In this case the object of Buttfly's affection is Balders and he's doing everything he can to get any attention possible.
He's like a little puppy that pisses on the carpet when his master ignores him.

hahah, you bitcoin nutters are funny

I am really doing this as a public service to educate you people, and see something different from your bitcoins propaganda white papers

Originally Posted by Plan B

BTC is broken. It doesn't have the technical capacity to be the foundation of the IOV. It only survives because it is the major fiat/crypto pairing for which to enter/exit the market. That position is increasingly being taken by ETH which has faster transaction times and lower fees while also ranked highly by the vocal crypto-anarchist masses. New & better exchanges will see BTC lose its shine. I'm looking forward to the Flippening or the Zerpening or whatever they are gonna call it if B-cash takes the top spot (The Cashening?)

Revolutions only happen when people are pushed to breaking point and they have little left to lose. Despite the economy and debt levels and fractional reserve banking most people still have jobs/houses/opportunities. Life carries on. I doubt I'll see a political/cultural revolution in the West in my generation. Almost certain to see tech revolutions that will change our lifestyles, I've already lived through two, I expect to see two more before I die.

Bitcoin is under pretty heavy attack right now on numerous fronts. We are watching it evolve.
ETH is primarily a platform for tokens, and lacks the deep security features of BTC. BCash lacks the development team of BTC.

It would be a mistake to count BTC as dead at this point. It aint perfect but there's plenty of bounce left.
And there's plenty of room for other coin, like LTC, DASH, XMR, ZEC.
This world of crypto is just getting started. This is where the internet was in 1995.