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Topic: Gold collapsing. Bitcoin UP. - page 1232. (Read 2032266 times)

legendary
Activity: 1246
Merit: 1010
November 17, 2013, 08:50:23 PM
Zerg, 500 is a milestone.

absolutely but must wait 6 more hrs... sorry!

slackin



the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 542.00 (555.82 btcChina in USD).  Gold is 1286.00.  Nasdaq is 3985.97
Bitcoin: 9937.04% (10193.04%)
Gold:    -23.91%
Nasdaq:  30.47%
Gold Diff:  13090% advantage Bitcoin
Nasdaq Diff:  7593% advantage Bitcoin
legendary
Activity: 1764
Merit: 1002
November 17, 2013, 02:45:25 PM
Zerg, 500 is a milestone.

absolutely but must wait 6 more hrs... sorry!

slackin
legendary
Activity: 1246
Merit: 1010
November 17, 2013, 02:44:09 PM
Zerg, 500 is a milestone.

absolutely but must wait 6 more hrs... sorry!
legendary
Activity: 1764
Merit: 1002
November 17, 2013, 02:38:09 PM
legendary
Activity: 1834
Merit: 1019
November 17, 2013, 09:21:08 AM
seriously, gold has nothing to do with Bitcoin.....

Got your thesis, now where's the evidence and argument?

Thought so...
legendary
Activity: 1862
Merit: 1009
November 17, 2013, 09:17:44 AM
seriously, gold has nothing to do with Bitcoin.....
legendary
Activity: 1834
Merit: 1019
November 17, 2013, 09:04:49 AM
Gold Parity, here we come.

kinda weird to think about after all these years... what's after that?

We don't know, we happen to live in a time that's fundamentally different from any preceding it, for the last 600 or so years, right after the institution of banking was created.

Singularity Smiley
legendary
Activity: 1764
Merit: 1002
November 17, 2013, 07:41:43 AM
Zerg, 500 is a milestone.
legendary
Activity: 1764
Merit: 1002
November 17, 2013, 07:30:34 AM
Gold collapsing. Bitcoin UP.
hero member
Activity: 784
Merit: 1000
November 17, 2013, 01:33:02 AM
Gold Parity, here we come.

kinda weird to think about after all these years... what's after that?

We don't know, we happen to live in a time that's fundamentally different from any preceding it, for the last 600 or so years, right after the institution of banking was created.
legendary
Activity: 1764
Merit: 1002
November 17, 2013, 01:31:40 AM
Gold Parity, here we come.

kinda weird to think about after all these years... what's after that?

The Moon?
legendary
Activity: 1834
Merit: 1019
November 17, 2013, 01:25:04 AM
Gold Parity, here we come.

kinda weird to think about after all these years... what's after that?
legendary
Activity: 1764
Merit: 1002
November 17, 2013, 01:09:21 AM
Gold Parity, here we come.
legendary
Activity: 1834
Merit: 1019
November 16, 2013, 01:25:12 PM
I've long held the opinion that the most important thing about todays system of schooling is not the content of the curriculum, but the structure of the whole activity in schools. Sort of like Marshall McLuhans "the Media is the Message" - it doesn't matter what is ON TV, what matters is that TV, as a medium influences thought and action in a certain way, regardless of what content is shown.

So what do our schools teach us? The first thing they teach you is that you are not the sovereign master of your time. They teach you that all your life, there will be predetermined periods of time, during which you have to be at a certain location, doing specific things. After that you will generously get some "free time".

Next thing you learn is that there is exactly one correct answer for everything and don't bother trying to come up with it yourself, we already have, so just memorize it.

And do NOT question authority. Mistakes are wrong, be afraid of mistakes, you will be punished for them.

All in all these places stifle creative thinking and personal development, reinforce conformity and submissiveness to authority. In other words they achieve their goal splendidly. What goal? George Carlin pointed it out years ago: the point of schools is to create obedient workers. Just smart enough to run the machines and do the paperwork and just dumb enough to passively accept all the rigged bullshit of this system.

Well put!

IMHO the issue with the current system is across the board our "thought leaders" (i.e. those in positions to advise and create/influence policy) are universally those who bought into the conformity of thinking you described so well. Just look at the path one HAS to go through to become a FED chairman. It requires going to a top economics program, accepting the concensus line of thinking as fact, and becoming highly regarded in that field by publishing papers that most other experts agree with.

By definition, those who go outside the norm are not seen positively and do not advance in the field. Engineering/science fields are at least grounded in a physcial world, it is possible to later prove who is right, but economics & public policy have no such feedback mechanism and as a result can go down false paths for generations. Worse is these fields are coruptable due to their proximity to money/power politics.

Look at the shit I just got in the mail:
http://img856.imageshack.us/img856/8357/j3ic.jpg

And it was probably written by freshly graduated students.
hero member
Activity: 784
Merit: 1000
November 15, 2013, 08:03:02 PM
http://www.ecns.cn/cns-wire/2013/11-15/88703.shtml

Are Chinese damas giving up PM for Bitcoins? I am not sure how to make of it.

On another note, I would really like to see the U.S trying to greenlist them, dama doesn't give a damn! Grin

Given the infamy of Japanese Ms. Watanabe's, it seems no surprise as to the rise of Chinese Dama's.

That's the good thing about having a senior around, I haven't realized that historical perspective. Smiley
legendary
Activity: 1316
Merit: 1005
November 15, 2013, 07:35:49 PM
It will be very interesting if Bitcoin and gold ETFs with no asset backing eventually blow up around the same time...
legendary
Activity: 1372
Merit: 1000
November 15, 2013, 06:07:58 PM
The fun outlook: markets crashed months after replacement of the last FED chairmen. Yellen could be up for a surprise (and she sure isn't seeing any bubbles while stocks are exploding on enormous FED $$ pumping)...

I imagine what Bitcoin will do when the large markets plummet again.

I can only hope there is a Bitcoin ETF on the NASDAQ before it happens. (with actual Bitcoin's backing it, with a verified signed message.)
legendary
Activity: 1372
Merit: 1000
November 15, 2013, 06:04:08 PM
And yet BIT has not identified the coins that back it.  How different is it from the current PM market.

Oh! this takes my breath away.
legendary
Activity: 3122
Merit: 1538
yes
November 15, 2013, 05:50:53 PM
The fun outlook: markets crashed months after replacement of the last FED chairmen. Yellen could be up for a surprise (and she sure isn't seeing any bubbles while stocks are exploding on enormous FED $$ pumping)...

I imagine what Bitcoin will do when the large markets plummet again.
legendary
Activity: 1834
Merit: 1019
November 15, 2013, 05:33:52 PM
I have a feeling we still have a big fight ahead of us. Good thing we're getting more help day by day
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