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Tuck Fheman : Decentralized Blockchain Technology & Doom Updates

@tuckfheman / tuckfheman.tumblr.com

A cadre of autodidactic multi diverse personalities decentralizing teh world.
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Ultimately, bitcoin investors may have to make do without a bitcoin ETF for a while, especially if as some suspect, not only Chinese traders, but local HFTs have taken over trading of the extremely volatile product. Still, that may be a good thing: failing to get ETF approval will simply keep bitcoin extremely volatile, which is also why it has become the darling asset of a subset of traders starved for volatility in a world where central banks have eliminated virtually any daily gyrations from the equity class. As such, we would expect bitcoin vol to only grow, not decline, in the process making the attainment of the bitcoin "holy grail" that much more improbable.

Tyler Durden

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China moved to support its sinking stock market as state-controlled funds bought equities and the securities regulator signaled a selling ban on major investors will remain beyond this week’s expiration date, according to people familiar with the matter. Government funds purchased local stocks on Tuesday, said the people, who asked not to be identified, or arrested, or executed, because the buying wasn’t publicly disclosed - just like when the Federal Reserve intervenes in the US stock market.
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We wonder how long until someone finally asks the all important question regarding the Islamic State: who is the commodity trader breaching every known law of funding terrorism when buying ISIS crude, almost certainly with the tacit approval by various "western alliance" governments, and why is it that these governments have allowed said middleman to continue funding ISIS for as long as it has?
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Meanwhile, the US faces another superpower confrontation in the South China Sea. When Beijing began its land reclamation efforts in the Spratlys, we’re reasonably sure the Pentagon didn’t anticipate the extent to which the effort would quickly become a giant headache for Washington. As a reminder, it’s not so much the dredging that has Washington’s regional allies in the South Pacific upset. Island building has been done before in the area. Rather, it’s the scope of the project that has everyone unnerved as Beijing has so far constructed over 3,000 acres of new sovereign territory atop which China has built everything from cement factories, to greenhouses, to runways. Whether or not the US really cares about this is debatable although these shipping lanes are indeed critical for world trade. But with The Philippines and others crying foul, Washington is left with little choice but to put on a brave face lest the world should get the idea that China can just redraw maritime boundaries at will and establish a Sino-Monroe Doctrine in the process. So finally, the US decided that it would sail some warships by the islands just to see if it can do so without getting shot at. No, really. That’s the whole plan. “Let’s see how far we can push them.
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What it reveals is that while JPM saw another 90,000 ounces of gold once again withdrawn from its vault, this time in the eligible category, for some reason a whopping 121,124 ounces of registered gold were reclassified as eligible. In doing so, JPM's registered gold (red line in chart below) tumbled to a record low of just 19,718 ounces - an 86% collapse in just one day -  and well under 1 ton of gold, some 600 kilos of physical gold available to meet delivery requests to be specific!
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Precisely 24 hours ago, in an attempt to pre-empt the panic-selling open, the NYSE invoked the little used Rule 48, which was to be expected: the Nasdaq 100 has just tumbled limit down and the S&P and DJIA would follow shortly. Today, however, it is unclear just why the NYSE decided to once again invoke Rule 48 as futures are set to open about 3-4% higher, and yet that is precisely what the NYSE did.
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Do you feel like you’re running out of pepper more often these days? Or maybe you recently realized that no, you are not in fact sweating more, the deodorant sticks you’ve been buying for years have simply gotten smaller lately. Or worst of all, have you noticed that Slim Jims have gotten shorter? If any of the above applies, rest assured it is not your imagination, it is simply a symptom of corporate America attempting to hide runaway inflation — you know, that runaway inflation which the Fed has certainly not created by running the printing presses at full tilt for five years.
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Having been accused of a conspiratorial bent on a few occasions, we kinda, sorta see where this is going, and will go so far as to venture that in a few years, the Cambridge study's conclusions (which certainly will cast all paranoid and crazy conspirators in a culpable light and worth of "social isolation"), will be escalated to enforce that anyone found of harboring "conspiratorial" thoughts will be bound and shackled in whatever WIFI-free dungeon the local host Big Brother government has created precisely for this ulterior subclass of humans.

Tyler Durden, ZeroHedge.com

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Rethinking Money With Bitcoin Quadrupling Since Cyprus
Since the beginning of the Cyprus debacle (followed by Russia's call for repatriation of all offshore capital and then Japan's willful debasement of their currency), which appears to have awoken many to the fact that banks and politicians can't be trusted , the 'price' of the virtual currency Bitcoin has quadrupled - touching an incredible $162 this morning. While most people believe the only way to 'spend' this currency is on drugs or blogging sites, Liberty Blitzkrieg's Mike Krieger points out there are in fact hundreds of places (growing daily) where this as-yet unregulated store of wealth can be spent. However, what is really driving this surge in demand for a different kind of 'money' is the wholesale loss of faith in the status quo - nowhere is this clearer than in the words and actions of the people of Cyprus and this devastating clip capturing the thoughts and feelings of ordinary Cypriots after their bank accounts were frozen. "Nothing has started yet... everything is going to fall down like dominoes because people don't trust the banks."
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