DID GOLD JUST HIT THE FAN? - page 2.

lonely@thetop

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Quote from: T.Stuart on April 24, 2014, 06:02:19 AM

Quote from: MatTheCat on April 24, 2014, 05:58:00 AM

... the opinion of some 'expert' (Bitcoin Nutter) ...

Hey Mat,

Just out of interest, what generic term would you apply to people of your disposition? I mean, you go on about Bitcoin Nutter, the Man, etc. What would you class yourself as? (No more than 2 words please)

IwasInBTCSince2010ButPissedItOnDrugsAndHaveNothing Trader

MatTheCat

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Quote from: T.Stuart on April 24, 2014, 06:02:19 AM

Just out of interest, what generic term would you apply to people of your disposition? I mean, you go on about Bitcoin Nutter, the Man, etc. What would you class yourself as? (No more than 2 words please)

'Silver Sucker'.

I have drank the Kool Aid (Silver Stacker's Kool Aid) I know it's dangers, and I won't drink it ever again, regardless of what flavour it is.

pandacoin

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I don't really understand the correlation of subject and news. It's just an opinion of somebody.

T.Stuart

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One Token to Move Anything Anywhere

Quote from: MatTheCat on April 24, 2014, 05:58:00 AM

... the opinion of some 'expert' (Bitcoin Nutter) ...

Hey Mat,

Just out of interest, what generic term would you apply to people of your disposition? I mean, you go on about Bitcoin Nutter, the Man, etc. What would you class yourself as? (No more than 2 words please)

MatTheCat

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Quote from: southerngentuk on April 24, 2014, 05:41:44 AM

I do admit, it is curious why RT should promote BTC , am sure there is an angle.

There is so much at play these days that its hard to get the real game plan - see ZH for a few ideas this last week.

Consider the fact that Putin isn't sitting on the RT editorial team advising and checking over ever single story that some young RT journalist puts out there. RT's job is to promote anti-establishment and anti-imperialist ideas amongst the populations of the Western speaking world. Bitcoin has been popularly viewed since almost its inception has been fitting fodder for the, bullets, beans, gold n guns crowd. This throw-away piece of journalism which is merely stating the opinion of some 'expert' (Bitcoin Nutter) changes nothing regarding Russia's attitude towards Bitcoin within it's own financial system.

southerngentuk

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Sugars.zone | DatingFi - Earn for Posting

I do admit, it is curious why RT should promote BTC , am sure there is an angle.

There is so much at play these days that its hard to get the real game plan - see ZH for a few ideas this last week.

NationOwnedCCNow

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Quote from: Bru on April 24, 2014, 04:14:23 AM

I also read those articles on RT this morning. From 10 articles, 3 were about bitcoin, and I said to myself What's your angle?. And you read more about BTC on RT than on bbc cnn etc. Why would rt advertise bitcoin ?

Thank you for asking. In my own stupidity I thought more People would understand this. Instead of asking though they just dig their head in the sand and bash around. RT is promoting the use of BTC for westerners. They want US and Euro Citizens to know about it so that they can flee into it when the sht hits the fan With Our economy. At the same time though, if US don't leave the door open they gonna have millions of People revolting when they see their USD losing value rapidly.

southerngentuk

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Edited my post above due to stupidity Grin

Bru

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I also read those articles on RT this morning. From 10 articles, 3 were about bitcoin, and I said to myself What's your angle?. And you read more about BTC on RT than on bbc cnn etc. Why would rt advertise bitcoin ?

NationOwnedCCNow

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Quote from: southerngentuk on April 24, 2014, 03:45:54 AM

Title is bullcr@p,
Artic is $hit
ur a mad bunch,

BUT

This brings an interesting thought on side chains.

Remove bitcoins from the chain, Print notes with a scratch panel for the private key (of the side change).

Bitcoin Fondation or DIY Banks of Bitcoin produce or distribute notes to outlets (shops ext.)

Anyone with the side change on there client can reintroduce the notes back (from side chain) into Bitcoin.

Bitcoin with the characteristics of paper.

and

Welcome back China Grin

Welcome back from what? China is king already, they are already making the move from being an exporter to the USA and EU to being an importer from developing countries. And their New BRICS reserve currency will replace IMF and Worldbank. It's already written and signed. China is nr 1 NeXT year, have no doubt about that.

southerngentuk

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Title is bullcr@p,
Artic is $hit
ur a mad bunch,

BUT

This brings an interesting thought on side chains.

Remove bitcoins from the chain, Print notes ~~with a scratch panel for the private key (of the side change).~~

~~Bitcoin Fondation or DIY Banks of Bitcoin produce or distribute notes to outlets (shops ext.)~~

~~Anyone with the side change on there client can reintroduce the notes back (from side chain) into Bitcoin.~~

Bitcoin with the characteristics of paper.

and

Welcome back China Grin

Edit: On reflection this can already be done now Roll Eyes

But this could be useful for Fiat to obtain backing from Bitcoin.
i.e. $1 is backed by 1 Satoshi,

If the Gov needs to print more, they have to buy more BTC
If there $$ get blown up they are still worth 1 Satoshi

4mherewego

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Quote from: blatchcorn on April 23, 2014, 01:44:48 PM

Is it possible for a fiat currency to backed by Bitcoin?

Yes. I promise I will pay $1 for 21.01M bitcoins. Now dollar is backed by bitcoins.

Tx2000

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Seriously, I love bitcoin but some people need to stop smoking the crack.

TrollboxChamp

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You guys are all missing the point!

Bitcoin is a ploy created by russia to drop the price of gold so they can buy it up and create the new gold standard!
Roll Eyes

YipYip

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Quote from: MatTheCat on April 23, 2014, 06:15:34 PM

Quote from: TERA on April 23, 2014, 06:06:11 PM

Quote from: NationOwnedCCNow on April 23, 2014, 12:56:30 PM

http://rt.com/business/154324-bitcoin-russia-conference-advatages/

What kind of news is this?? There are no actual recent events or developments occurring - it is just the author's description of bitcoin. I already know what Bitcoin is.

And what does this thread have to do with gold?

Please keep your rational thinking out of this thread if you don't mind. This is a thread strictly for Bitcoin Nutters to delude themselves into panic buying right before another pronounced down-turn.

I gotta agree with captain negative on this one .... lolz

I really dont think you tin-foil hat types have got 1btc btw the lot of you and therefore need to stop smoking crack

Russia is soooo not touching bitcoin ATM

MatTheCat

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Quote from: TERA on April 23, 2014, 06:06:11 PM

Quote from: NationOwnedCCNow on April 23, 2014, 12:56:30 PM

http://rt.com/business/154324-bitcoin-russia-conference-advatages/

What kind of news is this?? There are no actual recent events or developments occurring - it is just the author's description of bitcoin. I already know what Bitcoin is.

And what does this thread have to do with gold?

Please keep your rational thinking out of this thread if you don't mind. This is a thread strictly for Bitcoin Nutters to delude themselves into panic buying right before another pronounced down-turn.

TERA

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Quote from: NationOwnedCCNow on April 23, 2014, 12:56:30 PM

http://rt.com/business/154324-bitcoin-russia-conference-advatages/

What kind of news is this?? There are no actual recent events or developments occurring - it is just the author's description of bitcoin. I already know what Bitcoin is.

And what does this thread have to do with gold?

Bitcopia

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Quote from: Carra23 on April 23, 2014, 05:30:36 PM

Quote from: Bitcopia on April 23, 2014, 05:14:51 PM

Sidechains are certainly not far fetched. Fiat backed by Bitcoin could be considered far fetched. But the possibility is becoming a reality.

I think you are too optimistic, but we will see.

I'm saying that the sidechain project will in theory create a workable option (a possibility) for a nation state to do so. I'm NOT saying that any state is likely to want to back their currency with Bitcoin.

TLDR: It's becoming a possibility, not a probability.

designfail

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Quote from: spazzdla on April 23, 2014, 02:19:16 PM

Quote from: blatchcorn on April 23, 2014, 01:44:48 PM

Is it possible for a fiat currency to backed by Bitcoin?

Very very very possible.

How about Zimbabwe?. They have huge issues with their official currency. I've bought their 1Trillion dollars note as a souvenir.

NationOwnedCCNow

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It's not even far fetched, what the fuuuuuuuuk are you guys talking about.

You think a Group of unpaid unbacked individuals can create Bitcoin and all sort of altcoins etc but nobody believes a government can? Haha.. You are all very Close minded for being Bitcoin believers I can tell you that.

Any government could basically pick up Bitcoin as it is and hijack the Whole thing. You People understand how little 6 billion USD is when we are talking about nation states currencies? Cheesy

Topic: DID GOLD JUST HIT THE FAN? - page 2. (Read 3865 times)