Gold collapsing. Bitcoin UP. - page 1179.

marcus_of_augustus

legendary

Activity: 3920

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Eadem mutata resurgo

Quote from: rocks on January 31, 2014, 06:44:40 PM

Quote from: ?? on ??

We are in a currency war and China has us by the balls. The Fed might be taking orders from China and not really giving a fuck about the domestic situation.

China wants the USA to have a strong dollar.

Everyone wants the USA to have a strong dollar to enable exports, not just China. But I completely disagree that China has us by the balls, if at the same time they want a strong dollar.

The US has already exported manufacturing and borrowed to the hilt, so there is only one direction for the US dollar and that is down. What we are seeing now are competitive devaluations by every central bank around the world. Japan is printing like crazy, China has tons and tons of debt that will have to be bailed out, and now the US gov has decided there has been enough mercantilism by China and they will print like never before to stop it.

All currencies are on a downward path now, and central banks are fighting to keep up with the others. This is a first for humanity and will not end pretty.

Every nation wants to devalue their currency, to soften their self-inflicted economic blows.

Only the Bitcoin supra-national currency can handle the kind of deflation that is needed by the capital markets to begin functioning healthily again ....

rocks

legendary

Activity: 1153

Merit: 1000

Quote from: ?? on ??

We are in a currency war and China has us by the balls. The Fed might be taking orders from China and not really giving a fuck about the domestic situation.

China wants the USA to have a strong dollar.

Everyone wants the USA to have a strong dollar to enable exports, not just China. But I completely disagree that China has us by the balls, if at the same time they want a strong dollar.

The US has already exported manufacturing and borrowed to the hilt, so there is only one direction for the US dollar and that is down. What we are seeing now are competitive devaluations by every central bank around the world. Japan is printing like crazy, China has tons and tons of debt that will have to be bailed out, and now the US gov has decided there has been enough mercantilism by China and they will print like never before to stop it.

All currencies are on a downward path now, and central banks are fighting to keep up with the others. This is a first for humanity and will not end pretty.

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: ?? on ??

Quote from: Dragonkiller on January 31, 2014, 06:05:59 PM

Quote from: Pruden on January 31, 2014, 05:17:10 PM

Quote from: Dr Bloggood on January 31, 2014, 09:21:14 AM

Quote from: molecular on January 31, 2014, 08:58:49 AM

Quote from: Dr Bloggood on January 31, 2014, 08:14:51 AM

So those imbeciles from the FED did in fact taper. Wow, I did not expect that!

Bernankes term ends. Probably they'll wait until shit starts to fall apart and then that new chick will come out saying: "See, we have to to save the world!"

Exactly!

Look out for QE to be raised in 2014 for sure!

Also, it seems extra dumb to me to do this exactly "in between" two terms of two Chairmen. Adds extra uncertainty for the markets - and for poor Yellen.

I always thought the FED was a bit evil, but maybe it's just pure stupidity and nothing else, what do you think?

QE is not raising ever again. This is a deflation to strengthen the dollar, just like Volcker did in 1980, and of course it will throw the emerging markets into turmoil, it's the logical effect.

Sorry, doomsayers, but reading this subforum you should know what happens when most agree on something and can't even imagine being wrong.

deflation is the last thing the fed wants

you really think they're going to let the stock market and real estate prices collapse? they've reduce QE by 20bn and look at what's happened in the stock market already

We are in a currency war and China has us by the balls. The Fed might be taking orders from China and not really giving a fuck about the domestic situation.

China wants the USA to have a strong dollar.

it's definitely possible. i don't think it's very likely, but possible.

if it happens, i think btc will still grow because it's a growing technology. but definitely not as fast as it would if we get QE infinity.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Gold adoption rates saturated ... that's it's biggest problem right now.

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: Pruden on January 31, 2014, 05:17:10 PM

Quote from: Dr Bloggood on January 31, 2014, 09:21:14 AM

Quote from: molecular on January 31, 2014, 08:58:49 AM

Quote from: Dr Bloggood on January 31, 2014, 08:14:51 AM

So those imbeciles from the FED did in fact taper. Wow, I did not expect that!

Bernankes term ends. Probably they'll wait until shit starts to fall apart and then that new chick will come out saying: "See, we have to to save the world!"

Exactly!

Look out for QE to be raised in 2014 for sure!

Also, it seems extra dumb to me to do this exactly "in between" two terms of two Chairmen. Adds extra uncertainty for the markets - and for poor Yellen.

I always thought the FED was a bit evil, but maybe it's just pure stupidity and nothing else, what do you think?

QE is not raising ever again. This is a deflation to strengthen the dollar, just like Volcker did in 1980, and of course it will throw the emerging markets into turmoil, it's the logical effect.

Sorry, doomsayers, but reading this subforum you should know what happens when most agree on something and can't even imagine being wrong.

deflation is the last thing the fed wants

you really think they're going to let the stock market and real estate prices collapse? they've reduce QE by 20bn and look at what's happened in the stock market already

Pruden

hero member

Activity: 496

Merit: 500

Spanish Bitcoin trader

Quote from: Dr Bloggood on January 31, 2014, 09:21:14 AM

Quote from: molecular on January 31, 2014, 08:58:49 AM

Quote from: Dr Bloggood on January 31, 2014, 08:14:51 AM

So those imbeciles from the FED did in fact taper. Wow, I did not expect that!

Bernankes term ends. Probably they'll wait until shit starts to fall apart and then that new chick will come out saying: "See, we have to to save the world!"

Exactly!

Look out for QE to be raised in 2014 for sure!

Also, it seems extra dumb to me to do this exactly "in between" two terms of two Chairmen. Adds extra uncertainty for the markets - and for poor Yellen.

I always thought the FED was a bit evil, but maybe it's just pure stupidity and nothing else, what do you think?

QE is not raising ever again. This is a deflation to strengthen the dollar, just like Volcker did in 1980, and of course it will throw the emerging markets into turmoil, it's the logical effect.

Sorry, doomsayers, but reading this subforum you should know what happens when most agree on something and can't even imagine being wrong.

BitcoinAshley

sr. member

Activity: 448

Merit: 250

Quote from: rocks on January 31, 2014, 12:37:58 PM

Quote from: Dr Bloggood on January 31, 2014, 08:14:51 AM

So those imbeciles from the FED did in fact taper. Wow, I did not expect that!

Now we will see if the markets fall apart at the seams - looks like they are starting to, with emerging market currencies and stock markets falling.

This is how the FED / bankers maintain political control over the US.

The next US presidential election is up in 2.5 years. By taking the gas off the money printing petal today, we are garenteed to have an other financial crisis in 2 years. The blame will go to Obama and the democrats, and the bankers can put new R puppets in charge for awhile.

This is exactly what happened in 2008. The FED printed like crazy up until 2005 / 2006 when they stopped M2 money growth. Then in 2008 everything when to shit, and they could put a new party in control.

How people don't see this is beyond me.

How do they know the next financial crisis will wait 2 years to happen? Things are even more precarious now than they were in 05/06...

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: molecular on January 29, 2014, 09:44:08 AM

Quote from: cypherdoc on January 28, 2014, 05:45:35 PM

Quote from: tvbcof on January 28, 2014, 05:24:36 PM

And so is actually using it...if you keep your paper wallet in your leather wallet...

as a matter of fact, i do.

it's called a privkey QR code and it's BIP38 encrypted via bitaddress.org. if i wanted to pay you this minute, i'd whip it out, scan it with the cold storage function from Mycelium into my android's RAM, unencrypt it with my simple 8 character pwd, and send you the coin. the privkey is wiped from RAM immediately when i close the program.

hey, cypher, I made this cool app for android that quotes gold vs. bitcoin stats (silverbox style?) in realtime.

go install it at https://darkweb.0x0000.de/auvsxbt.apk

Greatest app EVER! You ROCK dude!

I cannot figure out why it need so many privileges when I install it, but a lot of apps seem to and I never understood that shit anyway.

rocks

legendary

Activity: 1153

Merit: 1000

Quote from: Dr Bloggood on January 31, 2014, 08:14:51 AM

So those imbeciles from the FED did in fact taper. Wow, I did not expect that!

Now we will see if the markets fall apart at the seams - looks like they are starting to, with emerging market currencies and stock markets falling.

This is how the FED / bankers maintain political control over the US.

The next US presidential election is up in 2.5 years. By taking the gas off the money printing petal today, we are garenteed to have an other financial crisis in 2 years. The blame will go to Obama and the democrats, and the bankers can put new R puppets in charge for awhile.

This is exactly what happened in 2008. The FED printed like crazy up until 2005 / 2006 when they stopped M2 money growth. Then in 2008 everything when to shit, and they could put a new party in control.

How people don't see this is beyond me.

BitcoinAshley

sr. member

Activity: 448

Merit: 250

Quote from: Dr Bloggood on January 31, 2014, 08:14:51 AM

Look out for QE to be raised in 2014 for sure!

Also, it seems extra dumb to me to do this exactly "in between" two terms of two Chairmen. Adds extra uncertainty for the markets - and for poor Yellen.

I always thought the FED was a bit evil, but maybe it's just pure stupidity and nothing else, what do you think?

A little bit of evil, a whole lotta stupidity. Not a good combination.

Dr Bloggood

sr. member

Activity: 336

Merit: 250

Quote from: molecular on January 31, 2014, 08:58:49 AM

Quote from: Dr Bloggood on January 31, 2014, 08:14:51 AM

So those imbeciles from the FED did in fact taper. Wow, I did not expect that!

Bernankes term ends. Probably they'll wait until shit starts to fall apart and then that new chick will come out saying: "See, we have to to save the world!"

Exactly!

Look out for QE to be raised in 2014 for sure!

Also, it seems extra dumb to me to do this exactly "in between" two terms of two Chairmen. Adds extra uncertainty for the markets - and for poor Yellen.

I always thought the FED was a bit evil, but maybe it's just pure stupidity and nothing else, what do you think?

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Dr Bloggood on January 31, 2014, 08:14:51 AM

So those imbeciles from the FED did in fact taper. Wow, I did not expect that!

Bernankes term ends. Probably they'll wait until shit starts to fall apart and then that new chick will come out saying: "See, we have to to save the world!"

Dr Bloggood

sr. member

Activity: 336

Merit: 250

So those imbeciles from the FED did in fact taper. Wow, I did not expect that!

Now we will see if the markets fall apart at the seams - looks like they are starting to, with emerging market currencies and stock markets falling.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: cypherdoc on January 28, 2014, 05:45:35 PM

Quote from: tvbcof on January 28, 2014, 05:24:36 PM

And so is actually using it...if you keep your paper wallet in your leather wallet...

as a matter of fact, i do.

it's called a privkey QR code and it's BIP38 encrypted via bitaddress.org. if i wanted to pay you this minute, i'd whip it out, scan it with the cold storage function from Mycelium into my android's RAM, unencrypt it with my simple 8 character pwd, and send you the coin. the privkey is wiped from RAM immediately when i close the program.

hey, cypher, I made this cool app for android that quotes gold vs. bitcoin stats (silverbox style?) in realtime.

go install it at https://darkweb.0x0000.de/auvsxbt.apk

molecular

donator

Activity: 2772

Merit: 1019

Quote from: cypherdoc on January 28, 2014, 05:16:57 PM

and sending from a cold storage wallet is trivial.

That depends on your definition of trivial. I wouldn't say it is.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: tvbcof on January 28, 2014, 07:01:50 PM

Quote from: cypherdoc on January 28, 2014, 06:58:15 PM

Quote from: tvbcof on January 28, 2014, 06:39:49 PM

...
@cypher: You either can can get at all your Bitcoins with ease in which case you are prone to certain types of extortion, or you cannot.

If you only have a couple large to your name (or, arguably, have been wise enough to keep your involvement in Bitcoin top secret) then you probably have less to worry about on the more fringe types of attacks (or what are currently pretty rare attack surfaces.) Someone who has more would be wise to be more careful. Just like those who have a noticeable number of KR's.

I (seemingly alone, but recently having more company) am also worried about software and hardware exploits and factor them into my security plan. Sure would suck to have your Bitcoin lifted by an 'angry bird'...or a video driver. I don't even use Window or Android to check my real mail any more, much less have the ability to access private keys. This after some bizarre behavior from my phone.

i agree.

anyone with a significant cold storage stash should put them in a bank vault with encrypted M of N required along with armed guards.

Whatever one's solution, it does not make sense to elaborate on it excessively.

well, if one doesn't have alot, it doesn't hurt.

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: cypherdoc on January 28, 2014, 06:58:15 PM

Quote from: tvbcof on January 28, 2014, 06:39:49 PM

...
@cypher: You either can can get at all your Bitcoins with ease in which case you are prone to certain types of extortion, or you cannot.

If you only have a couple large to your name (or, arguably, have been wise enough to keep your involvement in Bitcoin top secret) then you probably have less to worry about on the more fringe types of attacks (or what are currently pretty rare attack surfaces.) Someone who has more would be wise to be more careful. Just like those who have a noticeable number of KR's.

I (seemingly alone, but recently having more company) am also worried about software and hardware exploits and factor them into my security plan. Sure would suck to have your Bitcoin lifted by an 'angry bird'...or a video driver. I don't even use Window or Android to check my real mail any more, much less have the ability to access private keys. This after some bizarre behavior from my phone.

i agree.

anyone with a significant cold storage stash should put them in a bank vault with encrypted M of N required along with armed guards.

Whatever one's solution, it does not make sense to elaborate on it excessively.

HeliKopterBen

hero member

Activity: 622

Merit: 500

Quote from: Holliday on January 28, 2014, 05:23:42 PM

Quote from: tvbcof on January 28, 2014, 05:01:00 PM

Any day now...

I've made my BTC holdings as secure as my PM holdings, but at the expense of making my BTC almost as difficult to use as my gold.

Obviously I see a lot of the advantages of Bitcoin in terms of mobility and it's a big part of the reason that I'm dinking with it. I'm just saying that securing one's private key is not a trivial problem. Those who think it is or treat it like it is may have the mis-fortune of no longer having the problem. And again, this is borne out by a huge amount of evidence (which does not appear to me to be slowing down much yet.)

I can confidently say that my bitcoin holdings are far more secure than my precious metal holdings.

Bitcoin can potentially be more secure than gold at Fort Knox with the right strategy of combining m of n with encrypted devices and multiple geographic locations... with little upfront cost for the user! A thief would have better luck gathering up an army and trying to force their way in to a fortified vault protected by men with tanks and machine guns.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: tvbcof on January 28, 2014, 06:39:49 PM

Quote from: Holliday on January 28, 2014, 06:22:32 PM

Quote from: tvbcof on January 28, 2014, 06:17:09 PM

Perhaps there is a checksum internal to the actual public address string that I was unaware of.

Quote from: https://en.bitcoin.it/wiki/Address

Several of the characters inside a Bitcoin address are used as a checksum so that typographical errors can be automatically found and rejected. The checksum also allows Bitcoin software to confirm that a 33-character (or shorter) address is in fact valid and isn't simply an address with a missing character.

My bad. And I was being so careful all of these years.

---

@cypher: You either can can get at all your Bitcoins with ease in which case you are prone to certain types of extortion, or you cannot.

If you only have a couple large to your name (or, arguably, have been wise enough to keep your involvement in Bitcoin top secret) then you probably have less to worry about on the more fringe types of attacks (or what are currently pretty rare attack surfaces.) Someone who has more would be wise to be more careful. Just like those who have a noticeable number of KR's.

I (seemingly alone, but recently having more company) am also worried about software and hardware exploits and factor them into my security plan. Sure would suck to have your Bitcoin lifted by an 'angry bird'...or a video driver. I don't even use Window or Android to check my real mail any more, much less have the ability to access private keys. This after some bizarre behavior from my phone.

i agree.

anyone with a significant cold storage stash should put them in a bank vault with encrypted M of N required along with armed guards.

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: Holliday on January 28, 2014, 06:22:32 PM

Quote from: tvbcof on January 28, 2014, 06:17:09 PM

Perhaps there is a checksum internal to the actual public address string that I was unaware of.

Quote from: https://en.bitcoin.it/wiki/Address

Several of the characters inside a Bitcoin address are used as a checksum so that typographical errors can be automatically found and rejected. The checksum also allows Bitcoin software to confirm that a 33-character (or shorter) address is in fact valid and isn't simply an address with a missing character.

My bad. And I was being so careful all of these years.

---

@cypher: You either can can get at all your Bitcoins with ease in which case you are prone to certain types of extortion, or you cannot.

If you only have a couple large to your name (or, arguably, have been wise enough to keep your involvement in Bitcoin top secret) then you probably have less to worry about on the more fringe types of attacks (or what are currently pretty rare attack surfaces.) Someone who has more would be wise to be more careful. Just like those who have a noticeable number of KR's.

I (seemingly alone, but recently having more company) am also worried about software and hardware exploits and factor them into my security plan. Sure would suck to have your Bitcoin lifted by an 'angry bird'...or a video driver. I don't even use Window or Android to check my real mail any more, much less have the ability to access private keys. This after some bizarre behavior from my phone.

Topic: Gold collapsing. Bitcoin UP. - page 1179. (Read 2032266 times)