Gold collapsing. Bitcoin UP. - page 1084.

cypherdoc

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Quote from: marcus_of_augustus on July 15, 2014, 09:32:11 AM

Quote from: cypherdoc on July 15, 2014, 09:27:40 AM

Timothy B. Lee is also having a hard time seeing the blockchain being used for smart contracts:

https://twitter.com/binarybits/status/489034866085093376

On this one I agree with him .. it will be on the Namecoin blockchain. It has more space and tools set-up to store title hashes already, also it is merged-mined with bitcoin so provides a similar level of hash-power security.

Smart contracts will be better performed by low computational cost transactional servers like openTXS servers, with linkages to hashes anchored in the namecoin blockchain.

None of this is new but people chose to listen to fairy tales instead of putting in the hard yards to understand.

come on over, the discussion is continuing...

marcus_of_augustus

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Eadem mutata resurgo

Quote from: cypherdoc on July 15, 2014, 09:27:40 AM

Timothy B. Lee is also having a hard time seeing the blockchain being used for smart contracts:

https://twitter.com/binarybits/status/489034866085093376

On this one I agree with him .. it will be on the Namecoin blockchain. It has more space and tools set-up to store title hashes already, also it is merged-mined with bitcoin so provides a similar level of hash-power security.

Smart contracts will be better performed by low computational cost transactional servers like openTXS servers, with linkages to hashes anchored in the namecoin blockchain.

None of this is new but people chose to listen to fairy tales instead of putting in the hard yards to understand.

cypherdoc

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Timothy B. Lee is also having a hard time seeing the blockchain being used for smart contracts:

https://twitter.com/binarybits/status/489034866085093376

cypherdoc

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Wow, what a shocker. I had no idea Krugman!

http://www.forbes.com/sites/ralphbenko/2014/07/14/is-paul-krugman-leaving-princeton-in-quiet-disgrace/

cypherdoc

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“The Internet revolution is accelerating this year and I imagine that, sooner or later, Rakuten will start accepting money in the form of bitcoin (an internet virtual currency).
Bitcoin offered a more stable option to some countries even over their own national currencies, he added."

Another potentially interesting angle is that Rakuten has its own bank, offers credit cards, has its own securities brokerage and runs the e-cash network of RFID-chip cards known as Edy.

http://www.coindesk.com/japanese-retail-giant-rakuten-hints-bitcoin-acceptance/

traderCJ

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Oh I must have missed the Bitcoin controls somewhere.

cypherdoc

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Down to 32%. Well under control:

cypherdoc

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Nice table of storage threat scenarios to which I have contributed:

http://www.reddit.com/r/Bitcoin/comments/2apnpy/gametheory_bitcoin_security_scenarios_scenario_16/ …

cypherdoc

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Great news!

http://www.techmeme.com/140714/p33#a140714p33

traderCJ

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Quote from: cypherdoc on July 14, 2014, 04:22:56 PM

"Barclays: There has been no long-term shift in bearish sentiment"

“Overall, we believe that physical demand has remained short of expectations, the latest price increase having been driven largely by speculation,” wrote Eugen Weinberg, commodity strategist at Commerzbank in Frankfurt, in a note."

http://www.marketwatch.com/story/gold-slips-but-trend-still-points-higher-2014-07-14?mod=wsj_share_tweet

oh my, tradercj, oh my.

Bitcoin down, Mr. Shill. Amazing how "people" like you can't seem to fathom a world where both Bitcoin and gold flourish. No matter, more profits for me. Thanks.

Oh, and since when does the Bitcoin community give two shits about journalists negging Bitcoin? Same goes for PMs in my book. Let them scream bloody murder, I'll be laughing.

cypherdoc

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"Barclays: There has been no long-term shift in bearish sentiment"

“Overall, we believe that physical demand has remained short of expectations, the latest price increase having been driven largely by speculation,” wrote Eugen Weinberg, commodity strategist at Commerzbank in Frankfurt, in a note."

http://www.marketwatch.com/story/gold-slips-but-trend-still-points-higher-2014-07-14?mod=wsj_share_tweet

oh my, tradercj, oh my.

cypherdoc

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Quote from: Bagatell on July 14, 2014, 01:48:55 PM

Quote from: cypherdoc on July 14, 2014, 01:42:43 PM

Quote from: Trader Steve on July 14, 2014, 12:30:43 PM

Interesting to see who the sponsors of ZeroCash are:

http://zerocash-project.org/about_us

that is interesting

Satoshi, that you?

Dorian I am not.

Bagatell

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Quote from: cypherdoc on July 14, 2014, 01:42:43 PM

Quote from: Trader Steve on July 14, 2014, 12:30:43 PM

Interesting to see who the sponsors of ZeroCash are:

http://zerocash-project.org/about_us

that is interesting

Satoshi, that you?

cypherdoc

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Quote from: Trader Steve on July 14, 2014, 12:30:43 PM

Interesting to see who the sponsors of ZeroCash are:

http://zerocash-project.org/about_us

that is interesting

sidhujag

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Quote from: cypherdoc on July 14, 2014, 05:26:22 AM

This should drive the gold bugs crazy,

http://mobile.businessweek.com/news/2014-07-13/goldman-stays-gold-bear-as-bullish-wagers-increase-commodities

I'm no fan is Goldman, that's for sure, but I do agree with them. Wow, 1040 by the end of year.

Hedge funds are increasing their buy orders, usually means their customers are going short... typically when these guys come out and say they are short they are infact doing the opposite (building a long position).

The best contrarian tool however is to avoid listening to these criminals and simply check out what the herd is doing: http://fxtrade.oanda.com/analysis/historical-positions (XAU/USD)... you will notice that price goes up as herd sells or exits and vice versa... they started buying again so I expect a test of 1200 or something depending on if the herd keeps buying or gets slaughtered.

Looking at http://fxtrade.oanda.com/analysis/open-position-ratios seems we do have a long way to go down still since 66% are still long.

Trader Steve

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"How do you eat an elephant? One bit at a time..."

Interesting to see who the sponsors of ZeroCash are:

http://zerocash-project.org/about_us

traderCJ

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Quote from: Dragonkiller on July 14, 2014, 09:12:48 AM

Never trust GS

What he said.

traderCJ

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Quote from: cypherdoc on July 14, 2014, 05:14:20 AM

Gold down.

Two days ago, Bitcoin was around 640. Why no "Bitcoin down" statement? Roll Eyes

As long as the Dow keeps humming along, gold will have a difficult time pushing through 1400. But it will get there, no doubt. Investors are wiring up to the hollow gains we've seen on the Dow for the past few years.

zeetubes

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Quote from: Dragonkiller on July 14, 2014, 09:12:48 AM

Never trust GS

No shit. It doesn't really matter what GS says. I can't remember them ever being correct in their mainstream predictions, which are basically designed to mislead anyway. What matters more is what price point asian buyers will buy back in at. They still prefer PMs and real estate over stocks and thus far bitcoins. Once rich chinese investors feel comfortable moving big chunks of money using bitcoins PMs could suffer but that may be a while yet. Today's slam down of gold appears to be a $1B+ dump of naked shorts. The Fed doesn't want gold to appear like an attractve investment after a bad week on the DOW. It will be fun to see how low the prices go.

Dragonkiller

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Super Smash Bros. Ultimate Available Now!

Never trust GS

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