Topic: Gold collapsing. Bitcoin UP. - page 1112. (Read 2032266 times)
flight to safety of German 10yr bond:
http://www.zerohedge.com/news/2014-06-27/america-deluded-us-slams-angry-iraq-pm-will-buy-russian-jets-instead-fight-against-i
U.S influence waning, Wonder whats on Saudi's mind at the moment.
Power shift over the flow of oil / world dominance continues. Another point for Russia.
How long before they step up economic warfare?
U.S influence waning, Wonder whats on Saudi's mind at the moment.
Power shift over the flow of oil / world dominance continues. Another point for Russia.
How long before they step up economic warfare?
look out Spain. bail ins:
NIRP Strikes: Spain To Create Tax On Bank Deposits:
http://www.zerohedge.com/news/2014-06-26/nirp-strikes-spain-create-tax-bank-deposits
NIRP Strikes: Spain To Create Tax On Bank Deposits:
http://www.zerohedge.com/news/2014-06-26/nirp-strikes-spain-create-tax-bank-deposits
This is all old news as far as I can tell. I can't find anything recent on Bloomberg, as they imply.
look out Spain. bail ins:
NIRP Strikes: Spain To Create Tax On Bank Deposits:
http://www.zerohedge.com/news/2014-06-26/nirp-strikes-spain-create-tax-bank-deposits
NIRP Strikes: Spain To Create Tax On Bank Deposits:
http://www.zerohedge.com/news/2014-06-26/nirp-strikes-spain-create-tax-bank-deposits
hey FNG,
you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
Cheers. I'll give it a listen later today.you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
More noteworthy news http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles
USD support fading at a fast pace.
thx for that. how interesting.
USD index dropping slightly. note: the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's.
not...what...they...want.
careful with that one. just like the dynamic i described doesn't always take place, neither does yours. look back at 2008-9 when the USD rose while everything else was crashing.
That is convential thinking. Market is always evolving.. especially factoring in global economy.
hey FNG,
you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
Cheers. I'll give it a listen later today.you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
More noteworthy news http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles
USD support fading at a fast pace.
thx for that. how interesting.
USD index dropping slightly. note: the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's.
not...what...they...want.
careful with that one. just like the dynamic i described doesn't always take place, neither does yours. look back at 2008-9 when the USD rose while everything else was crashing.
I know full well what happened in 2008.. it rose due to risk aversion. Now we are talking about growth and foreign investment while us starts to increase exports putting upwards pressure on the currency while equities rise due to hire corporate profits (from technology advancments etc)... There is a double bullish case for usd but the big bear is still around at any moment fed can pop another qe.. With the current administration however we are not likely to see surprises.
Another thing to note is that the 25 yr cycle is up and technically it should start rising vs bric currencies..
Boj snb both doing full scale interventions so noone will mess with them.. They signed an agreement in 1987 to let their currencies rise in value vs usd and did so happily not knowing the consequence (deflationary spiral). Now the opposite should happen as they start to fall while usd rises (unless us claims bankruptcy)
You only looked at one historical event (risk aversion) and assumed the opposite holds.. to understand what I am saying take a look at what happened last time we had any real sustainable growth (hint dotcom bubble)
"If you want to make attempts at solving this puzzle, you have to have a storage device that’s storing a data set we care about,” Andrew Miller said.
http://m.diamondbackonline.com/news/article_c4aff7b6-fcd7-11e3-bf1c-001a4bcf6878.html?mode=jqm
nice Andrew. you know, i have this other data set over here...
http://m.diamondbackonline.com/news/article_c4aff7b6-fcd7-11e3-bf1c-001a4bcf6878.html?mode=jqm
nice Andrew. you know, i have this other data set over here...
WTF - that article still used the following figure:
"Forbes reported in December that bitcoin mining, the power- and hardware-heavy process used to add bitcoins to the market, uses $15 million worth of electricity per day."
By "Forbes", they're referring to the following absurd article by longstanding bitcoin-troll, Mr. Timothy Worstall: http://www.forbes.com/sites/timworstall/2013/12/03/fascinating-number-bitcoin-mining-uses-15-millions-worth-of-electricity-every-day/
I personally pounded on Worstall for that article, ripped the math/assumptions to pieces, and he admitted to me that the $15m/day figure was probably wrong. Yet here it appears again/still.
hey FNG,
you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
Cheers. I'll give it a listen later today.you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
More noteworthy news http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles
USD support fading at a fast pace.
thx for that. how interesting.
USD index dropping slightly. note: the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's.
not...what...they...want.
careful with that one. just like the dynamic i described doesn't always take place, neither does yours. look back at 2008-9 when the USD rose while everything else was crashing.
"If you want to make attempts at solving this puzzle, you have to have a storage device that’s storing a data set we care about,” Andrew Miller said.
http://m.diamondbackonline.com/news/article_c4aff7b6-fcd7-11e3-bf1c-001a4bcf6878.html?mode=jqm
nice Andrew. you know, i have this other data set over here...
http://m.diamondbackonline.com/news/article_c4aff7b6-fcd7-11e3-bf1c-001a4bcf6878.html?mode=jqm
nice Andrew. you know, i have this other data set over here...
hey FNG,
you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
Cheers. I'll give it a listen later today.you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
More noteworthy news http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles
USD support fading at a fast pace.
thx for that. how interesting.
USD index dropping slightly. note: the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's.
not...what...they...want.
careful with that one. just like the dynamic i described doesn't always take place, neither does yours. look back at 2008-9 when the USD rose while everything else was crashing.
hey FNG,
you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
Cheers. I'll give it a listen later today.you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
More noteworthy news http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles
USD support fading at a fast pace.
thx for that. how interesting.
USD index dropping slightly. note: the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's.
not...what...they...want.
hey FNG,
you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
Cheers. I'll give it a listen later today.you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
More noteworthy news http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles
USD support fading at a fast pace.
thx for that. how interesting.
USD index dropping slightly. note: the only way to strengthen the USD if this gets going is to, in aggregate, cause a selloff in other assets like stocks, bonds, RE, & commodities thus increasing the demand for USD's.
not...what...they...want.
hey FNG,
you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
Cheers. I'll give it a listen later today.you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
More noteworthy news http://www.zerohedge.com/news/2014-06-26/gazprom-ready-drop-dollar-settle-china-contracts-yuan-or-rubles
USD support fading at a fast pace.
hey FNG,
you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
you oughta listen to this talk by Wences. he compares and contrasts Bitcoin with gold extensively.
https://www.youtube.com/watch?v=NERAN-89j8M&feature=youtu.be
it's a great take on how money is simply memory as outlined in this paper by the Fed's Kocherlakota:
http://www.minneapolisfed.org/research/sr/sr218.pdf
Wences makes one small mistake in the talk, however, when he said that he'd rather take a bitcoin that hadn't touched Silk Road. well, after tomorrow, that is a non-issue.
...
...or am I just getting trolled here? (not kidding).
...or am I just getting trolled here? (not kidding).
Ok, I figured it out. Here are some quotes from Wendell, from the following interview: https://soundcloud.com/epicenterbitcoin/eb22
Quote from: WendellDavis link=https://soundcloud.com/epicenterbitcoin/eb22 date=1403756946
[1:45]
I...got a little bit obsessed with bitcoin starting in 2009...
Well, I mean, the unfortunate part is that I simply followed it as a curiosity, and not not so much as like oh well this is a great investment opportunity.
...
So I missed an opportunity to be one of those guys who like, you know, 300,000+ or what have you. But...I, you know, just didn't have the vision, I suppose, to see that it would really become something real.
[3:25]
I didn't think for a minute that it would actually be successful.
Bingo! Good catch.
how badly can fuck ups in the scripting language (new OP codes) screw up functionality in the main protocol?
http://www.youtube.com/watch?v=NG1qooBzE2w#t=2m26sLOL’ed at the YouTube vid, I don’t think I ever watched it to the end.
I was quite shocked to see Trace Mayer punting side chains https://www.youtube.com/watch?v=Ut65i7Mrvyc,
I can’t wait for BTCd and i think Andreas Antonopoulos’s prediction that there will be too many vested interests soon to effectively change the Bitcoin protocol, this gives me some sense of surety.
http://youtu.be/2Vrm0EWUpds?t=16m32s
http://youtu.be/4WHWB-02bCs?t=4m40s
For the rest this Bitcoin experiment has become highly politicized, so what comes next?
yeah, i was surprised at Trace too.
well, he was a late comer to the game. he didn't show up in this thread until 2012 and as a follower of his RuntoGold blog, he admitted he missed it at first back in 2010 or so but picked it up for real i think in 2012 when he showed up here.
Doesn't he say he first started actively recommending (maybe he's stretching that) bitcoin to people at $0.05 - $0.25? That'd have to be late 2010 or early 2011...
Sidenote: Looks like he got www.runtobitcoin.com redirecting...
see here:
http://www.runtogold.com/2011/06/what-is-bitcoin/
so we know sometime after June 14, 2011.
don't get me wrong. i like Trace and i consider him a friend. he knows what he's talking about (except for Sidechains and gold
) and he is one of the best to articulate it. he's one of our best advocates and he gets around. i followed him when i was a goldbug btwn 2005 and when i dumped in 2011. i think he should've won the seat for the BF last year. he also knows how to pound on ppl which i admire.i'm just settin' the record straight.
how badly can fuck ups in the scripting language (new OP codes) screw up functionality in the main protocol?
http://www.youtube.com/watch?v=NG1qooBzE2w#t=2m26sLOL’ed at the YouTube vid, I don’t think I ever watched it to the end.
I was quite shocked to see Trace Mayer punting side chains https://www.youtube.com/watch?v=Ut65i7Mrvyc,
I can’t wait for BTCd and i think Andreas Antonopoulos’s prediction that there will be too many vested interests soon to effectively change the Bitcoin protocol, this gives me some sense of surety.
http://youtu.be/2Vrm0EWUpds?t=16m32s
http://youtu.be/4WHWB-02bCs?t=4m40s
For the rest this Bitcoin experiment has become highly politicized, so what comes next?
yeah, i was surprised at Trace too.
well, he was a late comer to the game. he didn't show up in this thread until 2012 and as a follower of his RuntoGold blog, he admitted he missed it at first back in 2010 or so but picked it up for real i think in 2012 when he showed up here.
Doesn't he say he first started actively recommending (maybe he's stretching that) bitcoin to people at $0.05 - $0.25? That'd have to be late 2010 or early 2011...
Sidenote: Looks like he got www.runtobitcoin.com redirecting...
how badly can fuck ups in the scripting language (new OP codes) screw up functionality in the main protocol?
http://www.youtube.com/watch?v=NG1qooBzE2w#t=2m26sLOL’ed at the YouTube vid, I don’t think I ever watched it to the end.
I was quite shocked to see Trace Mayer punting side chains https://www.youtube.com/watch?v=Ut65i7Mrvyc,
I can’t wait for BTCd and i think Andreas Antonopoulos’s prediction that there will be too many vested interests soon to effectively change the Bitcoin protocol, this gives me some sense of surety.
http://youtu.be/2Vrm0EWUpds?t=16m32s
http://youtu.be/4WHWB-02bCs?t=4m40s
For the rest this Bitcoin experiment has become highly politicized, so what comes next?
yeah, i was surprised at Trace too.
well, he was a late comer to the game. he didn't show up in this thread until 2012 and as a follower of his RuntoGold blog, he admitted he missed it at first back in 2010 or so but picked it up for real i think in 2012 when he showed up here.
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