Gold collapsing. Bitcoin UP. - page 1136.

BldSwtTrs

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Quote from: wachtwoord on May 28, 2014, 11:29:48 AM

Quote from: ErisDiscordia on May 28, 2014, 11:00:07 AM

People with a degree in economics will be among the last to truly understand the economics behind Bitcoin. Too much disinformation posing as knowledge stands between them and understanding.

The intelligent, innovative contrarians among them will understand. Yes this is the minority but dismissing them is unfair.

Yeah, I have a degree in economics Cool

But I read Bastiat, von Mises and Hayek on my free time. It didn't surprise me that non-Austrian economists don't get Bitcoin, since they basically don't understand economics. But I was sad to see that most current Austrians don't get it either. They simply had to read Hayek ffs... but I guess Hayek isn't enough Austrian for these dogmatic people...

wachtwoord

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Quote from: ErisDiscordia on May 28, 2014, 11:00:07 AM

People with a degree in economics will be among the last to truly understand the economics behind Bitcoin. Too much disinformation posing as knowledge stands between them and understanding.

The intelligent, innovative contrarians among them will understand. Yes this is the minority but dismissing them is unfair.

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: ErisDiscordia on May 28, 2014, 11:00:07 AM

Quote from: cypherdoc on May 28, 2014, 08:18:43 AM

Quote from: HeliKopterBen on May 28, 2014, 08:11:48 AM

Quote from: cypherdoc on May 27, 2014, 11:18:23 AM

it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved. if he fails to understand either one of those, he fails to understand Bitcoin.

The same can be said for economists who dismiss BTC. They fail to understand the technology behind it.

Funny thing is when you think about it, they fail to understand the economics behind it too.

Funny, but not surprising at all.

People with a degree in economics will be among the last to truly understand the economics behind Bitcoin. Too much disinformation posing as knowledge stands between them and understanding.

Now Secret Squirrels destroying non counterfeitable cryptocurrencies with stealth addresses.

ErisDiscordia

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Imposition of ORder = Escalation of Chaos

Quote from: cypherdoc on May 28, 2014, 08:18:43 AM

Quote from: HeliKopterBen on May 28, 2014, 08:11:48 AM

Quote from: cypherdoc on May 27, 2014, 11:18:23 AM

it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved. if he fails to understand either one of those, he fails to understand Bitcoin.

The same can be said for economists who dismiss BTC. They fail to understand the technology behind it.

Funny thing is when you think about it, they fail to understand the economics behind it too.

Funny, but not surprising at all.

People with a degree in economics will be among the last to truly understand the economics behind Bitcoin. Too much disinformation posing as knowledge stands between them and understanding.

cypherdoc

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Gold Collapsing. Bitcoin UP.

HeliKopterBen

hero member

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Ha Ha. Peter Schiff and other gold bugs came to mind. They seem to understand the economics of sound money. Its the keynesians who are totally clueless.

cypherdoc

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Quote from: HeliKopterBen on May 28, 2014, 08:11:48 AM

Quote from: cypherdoc on May 27, 2014, 11:18:23 AM

it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved. if he fails to understand either one of those, he fails to understand Bitcoin.

The same can be said for economists who dismiss BTC. They fail to understand the technology behind it.

Funny thing is when you think about it, they fail to understand the economics behind it too.

HeliKopterBen

hero member

Activity: 622

Merit: 500

Quote from: cypherdoc on May 27, 2014, 11:18:23 AM

it's about understanding Bitcoin as a whole; the technical aspects plus the economic incentives involved. if he fails to understand either one of those, he fails to understand Bitcoin.

The same can be said for economists who dismiss BTC. They fail to understand the technology behind it.

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

Look at this desperate attempt to get the Ripple price up again. LOL http://www.coindesk.com/ripple-price-rebound-ceo-7-billion-xrp-donation/

Oh when will these kids learn?

Bitcoin building a base....to da moon! Grin

sidhujag

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Quote from: Adrian-x on May 27, 2014, 04:57:35 PM

Quote from: justusranvier on May 27, 2014, 04:04:42 PM

Quote from: Adrian-x on May 27, 2014, 02:44:28 PM

On the up side, there is a good chance it will be integrated with Open-Transactions, for all those cool 2.0 Bitcoin type services, solving the P2P trust of individual identity in a decentralized and trust free way.

Monetas just hired two Go programmers to work on adding features to btcd.

What if they used those coders also to fork btcd and modify it to into nmcd - a Go implementation of Namecoin?

Sounds good, I'd say it makes investing in NMC a more risky, I think Namecoin's value is in the merged mining and the total hashrate, i haven't been flowing btcd much, do you think it could fly as an alt?

I'd agree that merged-mining provides more value to a coin than anything else these new p&d alt coins offer. However the market hasn't priced it in yet so I'd say you are making a smart move by buying merged-mined coins...

Look at Devcoin its price is super duper low, and in comparison coins with similar amounts of supply are priced higher, not even being merge-mined. So it's just smart investment imo.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: TeeBone on May 27, 2014, 10:53:02 PM

Quote from: dnaleor on May 27, 2014, 05:11:18 PM

Back to gold Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

Im upping my previous 85% to 90% that we never see sub $1180 again. The bottom is in, smart money is accumulating. I havent bought as much gold since 2008 when it crashed to 600. everyone back then proclaiming gold dead just like they are now.

For sub $1000 gold to happen, we'd have to see 15% interest rates and fiat printing massively reduced. Expect that to happen ? We live in an entirely different world then 1980.

The Fed will never allow another 08' deflationary crash to happen again. They are going for broke, the next collapse will be the end of the USD.

So did you chicken out on that escrowed bet with Cypher?

Cheesy

TeeBone

sr. member

Activity: 502

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Quote from: dnaleor on May 27, 2014, 05:11:18 PM

Back to gold Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

Im upping my previous 85% to 90% that we never see sub $1180 again. The bottom is in, smart money is accumulating. I havent bought as much gold since 2008 when it crashed to 600. everyone back then proclaiming gold dead just like they are now.

For sub $1000 gold to happen, we'd have to see 15% interest rates and fiat printing massively reduced. Expect that to happen ? We live in an entirely different world then 1980.

The Fed will never allow another '08 deflationary crash to happen again. They are going for broke, the next collapse will be the end of the USD.

dnaleor

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Want privacy? Use Monero!

Well... I'm still bullish on gold, for the mid term. I think there is a chence crypto will take a large part of the gold market in 10-20 years. But not in the next 5 years. I still have some gold. I sold some for BTC around 500 USD/BTC.

However, the bull market of BTC will be greater than the Gold bull market.

Tried to find a friend from whom I could lend some fiat to buy BTC with my gold als "pawn", but nobody accepted. I even offered to discount the gold value with 20% and offered a montly interest rate of 1%. Well, now it's to late. I will not buy BTC anymore. I have my stash and am happy with it. I will keep the gold as hedge against crypto failing ( Roll Eyes

)

Carlton Banks

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Quote from: molecular on May 27, 2014, 11:53:36 AM

Quote from: adamstgBit on May 27, 2014, 09:23:19 AM

Quote from: rpietila on May 27, 2014, 09:17:43 AM

Quote from: kjj on May 27, 2014, 08:56:51 AM

Namecoin isn't a monetary coin.

LMAO for non-monetary coins.

namecoin is useful as it allows a decentralized censorship resistant DNS .bit domains

its a cool alt coin thats been out for a long time.

I wouldn't speculate on namecoin, but i can see myself possibly buying a few to get a .bit domain

actually namecoin is interesting from a theoretical perspective. [...] The fact the gold-bugs are not jumping on NMC in hoardes tells me the whole "intrinsic value" argument is flawed.

Distributed TLD/DNS database: yes

Database that can't have values removed: no

Using coin mining as an incentive for the problem that Namecoin is trying to solve doesn't work IMO. There's just no reason to have a separate cryptocoin for every implementation of a decentralised network that uses cryptographic proofs to operate.

In bitcoin, the justification is there, as every data unit (the coins) must originate from a mining block reward to ensure the validity of transaction inputs. The database for TLD/DNS serving doesn't need to store the original instantiation of the domain name or it's DNS resolution mapping, that information is no longer relevant the moment it changes (and there can exist the need for it to change frequently in either case). The wasteful bloat would probably kill a working Namecoin system before it became really useful. It still does a good job of popularising the idea.

I think the uncensorable web domains issue will be solved by some overlay protocol to MAIDsafe or MetaDisk (or perhaps a new rival decentralised storage system)

RandomPedestrianN9

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Quote from: cypherdoc on May 27, 2014, 05:21:58 PM

Quote from: dnaleor on May 27, 2014, 05:11:18 PM

Back to gold Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

i'm short.

Every person with half a brain is short on gold long term, ill buy in 10 years for 350 dollars.

cypherdoc

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Activity: 1764

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Quote from: dnaleor on May 27, 2014, 05:11:18 PM

Back to gold Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

i'm short.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: RandomPedestrianN9 on May 27, 2014, 05:17:51 PM

Quote from: Adrian-x on May 27, 2014, 05:15:55 PM

Quote from: dnaleor on May 27, 2014, 05:11:18 PM

Back to gold Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

This seems counter intuitive given Russia is looking to buy gold, maybe the FED is shorting Uukraine gold with new fractional reserve paper.

Nah, they are shorting the gold they "transported" from Ukraine to store it safely in undisclosed location in case there wont be Ukraine in the future. Nice "borrowing" USA, well played.

Yes, that's where most of Europe's gold went. I doubt it's were they say it is.

RandomPedestrianN9

member

Activity: 84

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Quote from: Adrian-x on May 27, 2014, 05:15:55 PM

Quote from: dnaleor on May 27, 2014, 05:11:18 PM

Back to gold Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

This seems counter intuitive given Russia is looking to buy gold, maybe the FED is shorting Uukraine gold with new fractional reserve paper.

Nah, they are shorting the gold they "transported" from Ukraine to store it safely in undisclosed location in case there wont be Ukraine in the future. Nice "borrowing" USA, well played.

Adrian-x

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Quote from: dnaleor on May 27, 2014, 05:11:18 PM

Back to gold Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

This seems counter intuitive given Russia is looking to buy gold, maybe the FED is shorting Uukraine gold with new fractional reserve paper gold.

RandomPedestrianN9

member

Activity: 84

Merit: 10

Quote from: dnaleor on May 27, 2014, 05:11:18 PM

Back to gold Grin

A friend of mine, who is into TA, told me he is shorting gold because he thinks gold will drop below 1000 USD/ounce...
Seems unlikely to me, but what do you guys think?

The gold manipulation is exposed now. Guess gold will start to rally again in the near future, no?

Historical inflation adjusted gold price chart. Im glad im not blinded retarded fanboy.

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