Topic: Gold collapsing. Bitcoin UP. - page 1125. (Read 2032266 times)

The Feds sale of btc  is  great news for fungibility.

U want gold? U want Bitcoin? How about a goldmine for bit coin?

http://www.reuters.com/article/2014/06/12/us-bitcoin-goldmine-idUSKBN0EN2H520140612

$1m in equities and $5.9m in assets for a price of $2 million in btc... hmm sounds like a good deal to me.

"Honey, never leave your coins on an exchange."

Caption: "OMG, Mark just totally goxed me!"

The gold correction is happening as we speak.

Sharpening the short stick.  

Quote from: cnbc link=http://www.cnbc.com/id/101750703
""Bitcoin's base of support comes from tech-savvy younger people who trust technology over old school constructs like central banks or physical representations of value such as gold,""

Right now, the bulk of wealth is old school, older people and they probably favor gold and silver over bitcoins. It may take a generation or so for that to change in bitcoin's favor. I never make any serious predictions but I wouldn't be surprised to see PMs and bitcoins both going up in value in the near term. I was watching the BBC earlier and I couldn't believe that they actually mentioned gold manipulation. Interesting times.

In the end, the correlation between Gold and Bitcoin will be relaitvely high!

Forget the phone. That's a seriously nice rack.

This is all I see everywhere I go (people on their smartphones). Seems like a good fit to add bitcoin to

Not smartphone but 'mobile computing' is the buzz word. We humans love to move around and now with our computer 'tools'. The possibilities are endless.

So for the last week I've been cursing my telecom provider  under my breath.

About a month ago I got the new Samsung s5. Great phone btw. When I got it of course the salesperson said they could reduce my monthly charge plan by putting in an 8G limit for the family. I'm always a bit suspicious when they offer these as they surreptitiously took away my unlimited data plan over the years with upgrades.  But I consented to the change. I also changed toa  new program which allows me to pay a fixed monthly fee so that when a new model comes out I can upgrade right away without having to wait for a contract period to run out. I'm kind of obsessive with staying up to date with the new phones. Sure enough, over the last week as I approached the end of month billing, I've had to upgrade the plan from the 8 to 10 to 12G to avoid overcharges. Naturally I'm pissed and blaming the carrier.

However, last night I realized something. I've consciously been telling my wife ever since I got the s5 that I'm getting much closer to not having to use my laptop anymore because the smartphones are getting so much better. I'm consciously trying to make a full conversion. Of course, keyboard necessary activities are a problem but thankfully those are pretty rare for me especially with Swype. Armory is also still a problem but that will eventually be solved. Otherwise, fingerprint recognition security, VPN capabilitiy, pgp email, Mycelium cold wallet storage, password manager, Gyft, Skype, various banking apps, Uber, Google authenticator, Spotify, encrypted texting, and Vudu movies all make the phone preferable.

The only temporary obstacle is this telecom enforced pay for bandwidth 4G model as compared to the unlimited data plan that goes with my home/work cable. It's the price I pay though for the increased mobility. the solution of course is meshnet enabled WiFi or this new plan from Google to float massive WiFi routers in the sky via balloons. I can't wait for that to happen to screw over the telecoms for their years of price gouging.

Smartphones are the wave of the future along with digital money like Bitcoin.

http://www.mv-voice.com/news/2014/01/30/google-plan-would-beam-wifi-from-the-sky

Other key quotes from that article:






...and this is one of the few mainstream positive articles on bitcoin that actually end positively too, instead of with some quip about volatility or drug markets:




I used to say 1% of gold's market-cap (which works out to $61B) was 10yrs out. That's looking increasingly conservative.

http://time.com/2857448/mozilla-25-smartphone-firefox/
tldr: Mozilla planning a loss-leader $25 smartphone for 2nd & 3rd world countries:

Bitcoin is ideal money for the smartphone.

http://techpinions.com/man-with-a-smartphone/31466

And now, with Mycelium cold storage, there's really no excuse.

In awe we stare at the monster we created.

"Other Expedia booking services such as cars and airplane flights will be get (-ing) Bitcoin support later, said Michael Gulmann, Expedia's vice president of global product."

http://www.cnet.com/news/expedia-embraces-and-legitimizes-bitcoin/

thanks for all the links cypher, i learned a lot from your articles (uber etc)

godd*mn.  one frickin year?:

"In other words, if you have a checking account in Georgia that you haven’t touched in twelve months, the state government is going to grab it."

http://www.zerohedge.com/news/2014-06-11/introducing-latest-tactic-governments-raise-cash

gold can't avoid this type of confiscation either for those with significant stores that need to hold it in institutions.

"Well, for all taxi drivers stuck in the middle ages, we have good news: in this day and age, in which every government is seeking to tax, and otherwise extract pounds, and tons if possible, of flesh from anything that generates any cash flows, it is only a matter of time before Uber too succumbs to one then another, then a third corrupt official working for that multi-headed hydra which merely takes and never gives: the local government. "

http://www.zerohedge.com/news/2014-06-11/wasnt-supposed-happen-european-cab-protests-lead-850-increase-new-uber-users

Until, or unless, they accept Bitcoin.

I just heard that some Gigagold.io I think it was is on the cusp of being big enough to trans-mutate everyone's physical gold hoard locked in their safe deposit box into lead.  Through the magic of quantum electrodynamics one supposes.

I may have some of the details about this wrong...like asset or something.