MIT is off and running:
http://www.reddit.com/r/Bitcoin/comments/28zzh1/125_students_and_45_teams_submitted_pitches_for/
Topic: Gold collapsing. Bitcoin UP. - page 1115. (Read 2032266 times)
Ripple dying a slow death:
The Fed is beginning to look a lot like Mt Gox. First some shitty excuses and misdirection, and then...
Don't forget the most prominent feature of gox/fed: the incredible LAG in withdraw operations!
lol. the Fed goxxed ze germans
how much funnier can it get?
note how none of this would've had to happen if they'd been dealing in Bitcoin.
also with bitcoin auditing is much easier and more reliable if done right
The Fed is beginning to look a lot like Mt Gox. First some shitty excuses and misdirection, and then...
Don't forget the most prominent feature of gox/fed: the incredible LAG in withdraw operations!
lol. the Fed goxxed ze germans
how much funnier can it get?
note how none of this would've had to happen if they'd been dealing in Bitcoin.
Correct me if I'm wrong here but hasn't Germany collected less than 10 tonnes worth of the gold they requested back? If I had to lay satoshi's my bet would be that recent increase in Gold prices at least partly linked.
The Fed is beginning to look a lot like Mt Gox. First some shitty excuses and misdirection, and then...
Don't forget the most prominent feature of gox/fed: the incredible LAG in withdraw operations!
lol. the Fed goxxed ze germans
how much funnier can it get?
Gold spiking higher
Has anyone been following the german repatriation (or lack thereof) news? Which probably had a lot to do with the initial spike last thursday. The Fed is beginning to look a lot like Mt Gox. First some shitty excuses and misdirection, and then...
Don't forget the most prominent feature of gox/fed: the incredible LAG in withdraw operations!
ZipZap finds a more willing partner. too bad for PayPoint:
http://www.coindesk.com/zipzap-resumes-cash-bitcoin-services-uk-shoppers/
http://www.coindesk.com/zipzap-resumes-cash-bitcoin-services-uk-shoppers/
yeah i did do that trade. yes, i do have a vested interest.
but sincerely my views haven't changed b/c no new information has arisen; just affirmation of my thought processes. in fact, every day since that trade i learn something new about Bitcoin that only reinforces those thoughts.
...
A good devout fundamentalist attitude. It certainly shows since you forcibly reject any suggestion that there might be any risks whatsoever to the object of your zealotry. In true form, you can look at literally anything and be so convinced that it demonstrates and reinforces your belief that you'll present it as such to the world. Reminds me of how everything, no matter how awful, is proof of "God's will" to a certain large fraction of Christians. To another faction of fruit-loops it is the work of the devil, and to a lot of people it is both simultaneously.
oh stop.
i could easily just label you a "pessimist". these processes take time and there are plenty of skeptics like yourself that sway the crowd in the other direction. if these forums were filled with optimists or zealots, as you like to say, i might buy that we're in a bubble. no such thing exists. this is Bitcoin's Tension, as i like to call it. hoards of ppl will be dragged, kicking and screaming as we go higher. the fundamentals of the situation haven't changed for the worse; if anything they've gotten better.
yeah i did do that trade. yes, i do have a vested interest.
but sincerely my views haven't changed b/c no new information has arisen; just affirmation of my thought processes. in fact, every day since that trade i learn something new about Bitcoin that only reinforces those thoughts.
...
A good devout fundamentalist attitude. It certainly shows since you forcibly reject any suggestion that there might be any risks whatsoever to the object of your zealotry. In true form, you can look at literally anything and be so convinced that it demonstrates and reinforces your belief that you'll present it as such to the world. Reminds me of how everything, no matter how awful, is proof of "God's will" to a certain large fraction of Christians. To another faction of fruit-loops it is the work of the devil, and to a lot of people it is both simultaneously.
Gold spiking higher
Has anyone been following the german repatriation (or lack thereof) news? Which probably had a lot to do with the initial spike last thursday. The Fed is beginning to look a lot like Mt Gox. First some shitty excuses and misdirection, and then...
Their is a Western -> Eastern power shift that looks to be coming to a head in the Saudi / Qatari vs Russia / Iran energy war. The U.S is caught in the middle holding a very shitty hand of cards. The EU needs to decide what they're going to do. Would be wise to take advantage of this opportunity and drive up the price of gold / balance their balance sheets(gold is a floating asset) so the Euro can get in on some petro action before they get trumped by an eastern currency.
Gold as the central bedrock(glue) of the financial system and bitcoin as the efficient payment mechanism to transmit value and have easily movable / verifiable wealth.
The two aren't in competition as this thread would make people believe. They'll create a fairer and more efficient global financial system together.
i still disagree with this. Bitcoin has too many advantages. and it's more than just a payment mechanism; it's functioning as an increasing store of value.
You can, and that's fine. You probably made the trade of the century..if I recall right you sold gold for bitcoin near the peak? So you took the stance at the appropriate time. I don't ignore vested interest. It doesn't really matter what should be. The Eurozone, among others, can clear their balance sheets by eating up gold on the open market and placing a high bid. I don't think the Euro will collapse and the way to un-fuck the eurozone is by making an effort to increase their asset column. It's pretty simple..drown in debt or set the market price for gold at a much higher level. No point in suffering when you have the option to clear debt.
Crypto central bank holdings may be the future but for now I see them making a concerted effort, once the $ is known to be fucked..ala no support from Saudi Oil..to wipe clean their debts via an increased price in gold. Will it outpace bitcoin? probably not. But timing is a factor. Gold to $45-60k an ounce, bitcoin +$100k per in today's $'s.
Hold both for insurance in case of time delays or a miscalculation.
I'm tempted to drop my silver holdings but it's a back-up to my back-up insurance policy. I don't believe it will witness the astronomical rise of the 2 previously mentioned but I've been wrong before.
yeah i did do that trade. yes, i do have a vested interest.
but sincerely my views haven't changed b/c no new information has arisen; just affirmation of my thought processes. in fact, every day since that trade i learn something new about Bitcoin that only reinforces those thoughts.
you might want to read some of the ideas i have made here about using a Bitcoin revaluation to back the USD much like you wish to happen with gold: https://bitcointalksearch.org/topic/m.7410222
There's a lot of dirty balance sheets and if the U.S can no longer support them by suppressing oil, supporting them in their decisions militarily, they they must cleanse their sheets and welcome gas from Russia. Petro dollar will be dead to Europe as it should have been a decade ago.
Off to sleep. Will engage in convo tomorrow if you're up for it. I look forward to hearing your response.
back in...
Gold spiking higher
Has anyone been following the german repatriation (or lack thereof) news? Which probably had a lot to do with the initial spike last thursday. The Fed is beginning to look a lot like Mt Gox. First some shitty excuses and misdirection, and then...
Their is a Western -> Eastern power shift that looks to be coming to a head in the Saudi / Qatari vs Russia / Iran energy war. The U.S is caught in the middle holding a very shitty hand of cards. The EU needs to decide what they're going to do. Would be wise to take advantage of this opportunity and drive up the price of gold / balance their balance sheets(gold is a floating asset) so the Euro can get in on some petro action before they get trumped by an eastern currency.
Gold as the central bedrock(glue) of the financial system and bitcoin as the efficient payment mechanism to transmit value and have easily movable / verifiable wealth.
The two aren't in competition as this thread would make people believe. They'll create a fairer and more efficient global financial system together.
i still disagree with this. Bitcoin has too many advantages. and it's more than just a payment mechanism; it's functioning as an increasing store of value.
You can, and that's fine. You probably made the trade of the century..if I recall right you sold gold for bitcoin near the peak? So you took the stance at the appropriate time. I don't ignore vested interest. It doesn't really matter what should be. The Eurozone, among others, can clear their balance sheets by eating up gold on the open market and placing a high bid. I don't think the Euro will collapse and the way to un-fuck the eurozone is by making an effort to increase their asset column. It's pretty simple..drown in debt or set the market price for gold at a much higher level. No point in suffering when you have the option to clear debt.
Crypto central bank holdings may be the future but for now I see them making a concerted effort, once the $ is known to be fucked..ala no support from Saudi Oil..to wipe clean their debts via an increased price in gold. Will it outpace bitcoin? probably not. But timing is a factor. Gold to $45-60k an ounce, bitcoin +$100k per in today's $'s.
Hold both for insurance in case of time delays or a miscalculation.
I'm tempted to drop my silver holdings but it's a back-up to my back-up insurance policy. I don't believe it will witness the astronomical rise of the 2 previously mentioned but I've been wrong before.
yeah i did do that trade. yes, i do have a vested interest.
but sincerely my views haven't changed b/c no new information has arisen; just affirmation of my thought processes. in fact, every day since that trade i learn something new about Bitcoin that only reinforces those thoughts.
you might want to read some of the ideas i have made here about using a Bitcoin revaluation to back the USD much like you wish to happen with gold: https://bitcointalksearch.org/topic/m.7410222
Gold spiking higher
Has anyone been following the german repatriation (or lack thereof) news? Which probably had a lot to do with the initial spike last thursday. The Fed is beginning to look a lot like Mt Gox. First some shitty excuses and misdirection, and then...
Their is a Western -> Eastern power shift that looks to be coming to a head in the Saudi / Qatari vs Russia / Iran energy war. The U.S is caught in the middle holding a very shitty hand of cards. The EU needs to decide what they're going to do. Would be wise to take advantage of this opportunity and drive up the price of gold / balance their balance sheets(gold is a floating asset) so the Euro can get in on some petro action before they get trumped by an eastern currency.
Gold as the central bedrock(glue) of the financial system and bitcoin as the efficient payment mechanism to transmit value and have easily movable / verifiable wealth.
The two aren't in competition as this thread would make people believe. They'll create a fairer and more efficient global financial system together.
i still disagree with this. Bitcoin has too many advantages. and it's more than just a payment mechanism; it's functioning as an increasing store of value.
You can, and that's fine. You probably made the trade of the century..if I recall right you sold gold for bitcoin near the peak? So you took the stance at the appropriate time. I don't ignore vested interest. It doesn't really matter what should be. The Eurozone, among others, can clear their balance sheets by eating up gold on the open market and placing a high bid. I don't think the Euro will collapse and the way to un-fuck the eurozone is by making an effort to increase their asset column. It's pretty simple..drown in debt or set the market price for gold at a much higher level. No point in suffering when you have the option to clear debt.
Crypto central bank holdings may be the future but for now I see them making a concerted effort, once the $ is known to be fucked..ala no support from Saudi Oil..to wipe clean their debts via an increased price in gold. Will it outpace bitcoin? probably not. But timing is a factor. Gold to $45-60k an ounce, bitcoin +$100k per in today's $'s.
Hold both for insurance in case of time delays or a miscalculation.
I'm tempted to drop my silver holdings but it's a back-up to my back-up insurance policy. I don't believe it will witness the astronomical rise of the 2 previously mentioned but I've been wrong before.
there's as much need for gold in the monetary system as there is need for horses as means of transportation.
cool, but for storing value I still will shop for some gold and silver when btc will boom again. Even some land and residency in Latin America sound like a good idea.
i still disagree with this. Bitcoin has too many advantages. and it's more than just a payment mechanism; it's functioning as an increasing store of value.
Also gold as a monetary instrument is pointless now that cryptography has been invented.Gold sucks as a medium of exchange because it's heavy and takes up space. It sucks so bad as a medium of exchange that entire industries had to be invented to create and manage representations of gold because it simply wasn't practical to use the gold directly.
The one thing gold had going for it was that it was hard to counterfeit, and the relative difficulty of obtaining it kept the supply from increasing too quickly.
Now we can get those properties with math, so there's as much need for gold in the monetary system as there is need for horses as means of transportation.
Gold spiking higher
Has anyone been following the german repatriation (or lack thereof) news? Which probably had a lot to do with the initial spike last thursday. The Fed is beginning to look a lot like Mt Gox. First some shitty excuses and misdirection, and then...
Their is a Western -> Eastern power shift that looks to be coming to a head in the Saudi / Qatari vs Russia / Iran energy war. The U.S is caught in the middle holding a very shitty hand of cards. The EU needs to decide what they're going to do. Would be wise to take advantage of this opportunity and drive up the price of gold / balance their balance sheets(gold is a floating asset) so the Euro can get in on some petro action before they get trumped by an eastern currency.
Gold as the central bedrock(glue) of the financial system and bitcoin as the efficient payment mechanism to transmit value and have easily movable / verifiable wealth.
The two aren't in competition as this thread would make people believe. They'll create a fairer and more efficient global financial system together.
i still disagree with this. Bitcoin has too many advantages. and it's more than just a payment mechanism; it's functioning as an increasing store of value.
Gold spiking higher
Has anyone been following the german repatriation (or lack thereof) news? Which probably had a lot to do with the initial spike last thursday. The Fed is beginning to look a lot like Mt Gox. First some shitty excuses and misdirection, and then...
Their is a Western -> Eastern power shift that looks to be coming to a head in the Saudi / Qatari vs Russia / Iran energy war. The U.S is caught in the middle holding a very shitty hand of cards. The EU needs to decide what they're going to do. Would be wise to take advantage of this opportunity and drive up the price of gold / balance their balance sheets(gold is a floating asset) so the Euro can get in on some petro action before they get trumped by an eastern currency.
Gold as the central bedrock(glue) of the financial system and bitcoin as the efficient payment mechanism to transmit value and have easily movable / verifiable wealth.
The two aren't in competition as this thread would make people believe. They'll create a fairer and more efficient global financial system together.
The amount of gold to be sent to Germany could probably be loaded onto 2 Boeing 747s.
Seven years is a long time on layover waiting for the next flight.
Gold spiking higher
Has anyone been following the german repatriation (or lack thereof) news? Which probably had a lot to do with the initial spike last thursday. The Fed is beginning to look a lot like Mt Gox. First some shitty excuses and misdirection, and then...
Their is a Western -> Eastern power shift that looks to be coming to a head in the Saudi / Qatari vs Russia / Iran energy war. The U.S is caught in the middle holding a very shitty hand of cards. The EU needs to decide what they're going to do. Would be wise to take advantage of this opportunity and drive up the price of gold / balance their balance sheets(gold is a floating asset) so the Euro can get in on some petro action before they get trumped by an eastern currency.
Gold as the central bedrock(glue) of the financial system and bitcoin as the efficient payment mechanism to transmit value and have easily movable / verifiable wealth.
The two aren't in competition as this thread would make people believe. They'll create a fairer and more efficient global financial system together.
I doubt you know enough to say us hand is shitty. Maybe thats what they want you to
think. Based on their personality and military if they ever felt that Im sure they would be aggresive in killing off those ties that can doom them. No point in even talking about it.
Gold spiking higher
Has anyone been following the german repatriation (or lack thereof) news? Which probably had a lot to do with the initial spike last thursday. The Fed is beginning to look a lot like Mt Gox. First some shitty excuses and misdirection, and then...
Their is a Western -> Eastern power shift that looks to be coming to a head in the Saudi / Qatari vs Russia / Iran energy war. The U.S is caught in the middle holding a very shitty hand of cards. The EU needs to decide what they're going to do. Would be wise to take advantage of this opportunity and drive up the price of gold / balance their balance sheets(gold is a floating asset) so the Euro can get in on some petro action before they get trumped by an eastern currency.
Gold as the central bedrock(glue) of the financial system and bitcoin as the efficient payment mechanism to transmit value and have easily movable / verifiable wealth.
The two aren't in competition as this thread would make people believe. They'll create a fairer and more efficient global financial system together.
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