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Topic: Gold collapsing. Bitcoin UP. - page 1210. (Read 2032266 times)

legendary
Activity: 1764
Merit: 1002
December 02, 2013, 10:11:13 AM
Gold collapsing.  Bitcoin UP.
legendary
Activity: 1764
Merit: 1002
December 02, 2013, 09:52:27 AM
hey Chaang,

you're gonna be rich!

legendary
Activity: 1834
Merit: 1019
November 30, 2013, 11:52:22 PM
I also realized that Silvervault's net capital is now 90% BTC, 10% circulated silver.
All the other previously silver companies of mine, same thing.

Congratulations, I'm hoping your Bitcoin have grown in value.
My Bitcoin portion has radically distorted previous allocation ratios.
and despite the volatility it feels more secure.

that's because the volatility is kind of biased towards one side
the up side Smiley
legendary
Activity: 1372
Merit: 1000
November 30, 2013, 11:14:49 PM
I also realized that Silvervault's net capital is now 90% BTC, 10% circulated silver.
All the other previously silver companies of mine, same thing.

Congratulations, I'm hoping your Bitcoin have grown in value.
My Bitcoin portion has radically distorted previous allocation ratios.
and despite the volatility it feels more secure.
legendary
Activity: 1512
Merit: 1005
November 30, 2013, 08:56:38 PM
The authoritative opposition to Bitcoin will likely be along the lines of this:

e-Gold Founder Launches New Gold Backed Currency

A  transitionary solution at best.

There was no details.

Why not just produce gold coins named something grams, grains or oz? And notes fully backed by those coins, also denoted in weight. We don't need this almost-unlike-dollar-gold-money nonsense.

Edit: Almost, but not completely, unlike dollars.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
November 30, 2013, 08:55:03 PM
The authoritative opposition to Bitcoin will likely be along the lines of this:

e-Gold Founder Launches New Gold Backed Currency

A  transitionary solution at best.
All the downsides associated with electronic money combined with the counterparty risk of traditional banking in a single package.

Truly a visionary product.
Grin
legendary
Activity: 1400
Merit: 1013
November 30, 2013, 08:25:44 PM
The authoritative opposition to Bitcoin will likely be along the lines of this:

e-Gold Founder Launches New Gold Backed Currency

A  transitionary solution at best.
All the downsides associated with electronic money combined with the counterparty risk of traditional banking in a single package.

Truly a visionary product.
legendary
Activity: 1316
Merit: 1005
November 30, 2013, 08:20:56 PM
The authoritative opposition to Bitcoin will likely be along the lines of this:

e-Gold Founder Launches New Gold Backed Currency

A  transitionary solution at best.
donator
Activity: 1722
Merit: 1036
November 30, 2013, 05:16:36 PM
I also realized that Silvervault's net capital is now 90% BTC, 10% circulated silver.
All the other previously silver companies of mine, same thing.
hero member
Activity: 616
Merit: 500
November 30, 2013, 04:50:10 PM
I traded 1.6 bitcoin for 108.80 ounces of 90% dimes yesterday.
donator
Activity: 1722
Merit: 1036
November 30, 2013, 04:39:25 PM
I don't know.  Its won't be long before I can trade 1 btc for that trillion dollar thingy - I'd give it til Christmas Tongue

This.

If government could make a 1oz platinum round worth more than it is in free market (about BTC1 currently), surely they would have eradicated poverty by now..  Roll Eyes
legendary
Activity: 1904
Merit: 1002
November 30, 2013, 04:13:13 PM
In Chinese we use the color of gold to describe something that routinely comes out of your anus.

Now this is interesting. Do you know where that comes from ?

Ancient savings account.  Too much gold now that you might need later?  Down the hatch.
hero member
Activity: 728
Merit: 540
November 30, 2013, 04:11:55 PM
In Chinese we use the color of gold to describe something that routinely comes out of your anus.

Now this is interesting. Do you know where that comes from ?
member
Activity: 85
Merit: 10
November 30, 2013, 03:31:48 PM

I think bitcoin is alot better than gold because gold just has a great colour Tongue Grin

In Chinese we use the color of gold to describe something that routinely comes out of your anus.
legendary
Activity: 4760
Merit: 1283
November 30, 2013, 02:59:14 PM
What? This sounds like the weirdest thing ever. Why would that even be decided on and recorded?

truth is indeed stranger than fiction

http://www.forbes.com/sites/beltway/2013/01/08/is-the-trillion-dollar-platinum-coin-clever-or-insane/

What bull shit. That would clearly not be aimed at collectors.

lol   and people trust govt debt as "money"

It is especially droll that so many people consider Bitcoin to be so crazy and illegitimate compared to mainstream monetary systems. 

'Problem solving' via Krugman's coin is obviously much poorer engineering than anything in crypto-currency land, and the fact that it would probably be an effective problem solving technique under our political and economic system says a lot...and not much of what it says good for long term individual planning.

legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
legendary
Activity: 1218
Merit: 1001
November 30, 2013, 02:26:27 PM
What? This sounds like the weirdest thing ever. Why would that even be decided on and recorded?

truth is indeed stranger than fiction

http://www.forbes.com/sites/beltway/2013/01/08/is-the-trillion-dollar-platinum-coin-clever-or-insane/

What bull shit. That would clearly not be aimed at collectors.

I don't know.  Its won't be long before I can trade 1 btc for that trillion dollar thingy - I'd give it til Christmas Tongue
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
November 30, 2013, 02:26:02 PM
of course not

that there was even sober discussion on this possibility points out just how absurd and precarious the fiat ponzi has become
legendary
Activity: 2324
Merit: 1125
November 30, 2013, 02:24:38 PM
What? This sounds like the weirdest thing ever. Why would that even be decided on and recorded?

truth is indeed stranger than fiction

http://www.forbes.com/sites/beltway/2013/01/08/is-the-trillion-dollar-platinum-coin-clever-or-insane/

What bull shit. That would clearly not be aimed at collectors.
member
Activity: 84
Merit: 10
November 30, 2013, 02:23:51 PM
Mabye because a bitcoin wallet ways what ( How much does my iphone way )

and how much does gold way like what are you going to walk into a coffee shop and grab some gold out of your pocket
I think bitcoin is alot better than gold because gold just has a great colour Tongue Grin
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