Topic: Gold collapsing. Bitcoin UP. - page 1042. (Read 2032266 times)
China and Russia central bank are still accumulating gold.
This alone should send a strong signal Bretton Wood system will be rebooted not too far into the future.
This alone should send a strong signal Bretton Wood system will be rebooted not too far into the future.
The NSA is caught in a death spiral from which it might not recover. Eventually I assume that 100% of their resources will be devoted to internal surveillance.
LOL. I just imagined a large, secretive government agency, who's purpose is to monitor itself and everyone in it to prevent word of its existence getting out. It was funny because there's a good chance this agency already exists... I know we spend money on less productive ideas.
they forstalled the inevitable for a while but it looks like the macroeconomic situation is starting to favor bitcoin again...
VIX getting ready to jack off again:
Spain:
Italy:
National Bank of Greece:
Italy:
National Bank of Greece:
The NSA is caught in a death spiral from which it might not recover. Eventually I assume that 100% of their resources will be devoted to internal surveillance.
LOL. I just imagined a large, secretive government agency, who's purpose is to monitor itself and everyone in it to prevent word of its existence getting out. It was funny because there's a good chance this agency already exists... I know we spend money on less productive ideas.
EU, why u no lend?
The red lines show the absolute numbers in millions of euro, the blue lines show the annual rate of change in percent.
The red lines show the absolute numbers in millions of euro, the blue lines show the annual rate of change in percent.
this doesn't look so good for the most powerful EU nation:
That's part of another positive feedback loop:
1. Low morale makes potential whistleblowers more likely to speak out.
2. The management response to whistleblowing is to clamp down on internal dissent and increase employee monitoring. They turn their surveillance increasingly inward to stop the find and stop the whistleblowers.
3. These responses reduce morale in the agency.
4. Goto 1
The NSA is caught in a death spiral from which it might not recover. Eventually I assume that 100% of their resources will be devoted to internal surveillance.
1. Low morale makes potential whistleblowers more likely to speak out.
2. The management response to whistleblowing is to clamp down on internal dissent and increase employee monitoring. They turn their surveillance increasingly inward to stop the find and stop the whistleblowers.
3. These responses reduce morale in the agency.
4. Goto 1
The NSA is caught in a death spiral from which it might not recover. Eventually I assume that 100% of their resources will be devoted to internal surveillance.
you mean no more budget for 51% attacks?
I don't think the two are necessarily linked (gold, for s.o.v. without m.o.e. functionality, local currencies in high inflation regions for m.o.e. functionality without that of s.o.v.).
How good is gold as a store of value, really?Not so good if you bought in summer of 2011
That's part of another positive feedback loop:
1. Low morale makes potential whistleblowers more likely to speak out.
2. The management response to whistleblowing is to clamp down on internal dissent and increase employee monitoring. They turn their surveillance increasingly inward to stop the find and stop the whistleblowers.
3. These responses reduce morale in the agency.
4. Goto 1
The NSA is caught in a death spiral from which it might not recover. Eventually I assume that 100% of their resources will be devoted to internal surveillance.
1. Low morale makes potential whistleblowers more likely to speak out.
2. The management response to whistleblowing is to clamp down on internal dissent and increase employee monitoring. They turn their surveillance increasingly inward to stop the find and stop the whistleblowers.
3. These responses reduce morale in the agency.
4. Goto 1
The NSA is caught in a death spiral from which it might not recover. Eventually I assume that 100% of their resources will be devoted to internal surveillance.
Bitcoin continues to outpace all altcoins no matter what they've promised. and that's despite Bitcoin's 1MB limit.
Because it hasn't become an issue yet.But ultimately if Bitcoin isn't the best medium of exchange it won't be a store of value.
"Store of value" is an emergent property of a good medium of exchange. It's not something that can be separated as if it were independent.
I haven't given this too much thought yet, but after seeing the document on "Rapidly Adjusted Micropayments to a Predetermined Party", it sure sounded like an off-chain solution to me.
It's just that the solution given in the article was a specific use case, I couldn't see any reason it could not be made generic to include more than two parties, and and adjustment period of however long you want.
https://en.bitcoin.it/wiki/Contracts#Example_7:_Rapidly-adjusted_.28micro.29payments_to_a_pre-determined_party
For example, seems plausible you could implement changetip.com's off-chain ledger using this. Each user might need 2 channels, since tips are not monotonically increasing (you might send a tip too).
Isn't the whole point of being "off chain" is that you know certain parts of the transaction graph are isolated from the rest, and that you can simply reduce them using some other mechanism and just transmit the final result to the bitcoin network? That seems like exactly what the above document describes.
Edit: ah, the article says you can adjust both ways if nLockTime'd transactions can now enter the memory pool. I don't know if that's enabled now or not. I think I read that locktime works but replacement does not.
I don't think the two are necessarily linked (gold, for s.o.v. without m.o.e. functionality, local currencies in high inflation regions for m.o.e. functionality without that of s.o.v.).
How good is gold as a store of value, really? 
Bitcoin continues to outpace all altcoins no matter what they've promised. and that's despite Bitcoin's 1MB limit.
Because it hasn't become an issue yet.But ultimately if Bitcoin isn't the best medium of exchange it won't be a store of value.
"Store of value" is an emergent property of a good medium of exchange. It's not something that can be separated as if it were independent.
I don't think the two are necessarily linked (gold, for s.o.v. without m.o.e. functionality, local currencies in high inflation regions for m.o.e. functionality without that of s.o.v.). However, it simply seems like an unnecessary risk to me to not provide that "service" (functioning as medium of exchange, scaled up to global demand) when the costs of a solution (sliding size) seem relatively low to me.
Because it hasn't become an issue yet.
maybe it will never become an issue.
Banks' Failure on 'Living Wills' Frays Relations With Regulators
http://online.wsj.com/articles/regulators-banks-optimism-killed-living-wills-1407367909?mod=rss_markets_main
http://online.wsj.com/articles/regulators-banks-optimism-killed-living-wills-1407367909?mod=rss_markets_main
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