Author

Topic: Gold collapsing. Bitcoin UP. - page 1259. (Read 2032272 times)

legendary
Activity: 1764
Merit: 1002
October 21, 2013, 08:57:02 PM
legendary
Activity: 1400
Merit: 1013
October 21, 2013, 08:12:36 PM
OTOH, the level of 'plausible deniability' of Bitcoin is outstanding because there have been so many losses, accidents, thefts, frauds, etc.  It would be completely believable to claim a loss of control of BTC through a lot of means.
Imagine a Bitcoin-related business that operates at a loss for two years, and becomes profitable on the third.
.
Unfortunately, right before the third tax accounting period ends, the business is hacked and loses a significant portion of their bitcoins.

Fortunately they have enough left to pay creditors and return customer funds, but all their profit and working capital is gone.

I guess they'd just have to give up, close the business, and try again.
legendary
Activity: 4760
Merit: 1283
October 21, 2013, 08:08:18 PM

Yeah, so nobody knows they are yours, until you show a link between them and your real world identity(like they are in your safe or some bank vaults rented by you). Such anonymity is pretty useless in many situations.

Bitcoin, OTOH, provides reasonable pseudononymity/anonymity along with nearly indisputable ownership proof all at the same time.

I would not feel confident to evaluate the level of anonymity of Bitcoin until a lot more is known about both the system, and especially about the methods and capabilities of the attackers.

OTOH, the level of 'plausible deniability' of Bitcoin is outstanding because there have been so many losses, accidents, thefts, frauds, etc.  It would be completely believable to claim a loss of control of BTC through a lot of means.

In jurisdictions which do not rely on secret courts and summery justice, this 'plausible deniability' aspect of the system could likely be leveraged very effectively.

hero member
Activity: 784
Merit: 1000
October 21, 2013, 07:16:17 PM
it doesn't matter who's right.

the point is, production and stock is fuzzy; and it always will be.  which is precisely why i switched to BTC investment back in early 2011.  Bitcoin is easily trackable according to the protocol by anyone. it's brutally defined.  and time is proving it's uncrackable.

just one of the many reasons i've been arguing to switch publicly since Gold: I Smell A Trap.

Very good point. You can't track the total supply of PMs world wide. You can only make estimations of the total.

Never thought of that until now.

This is why/how PM is anonymous, and Bitcoin isn't.

Anonymous until you want to claim your ownership, in which case Bitcoin is still more anonymous.
Claiming ownership?  Not sure what you mean.
Physical PM is always anonymous.  It is as anonymous as the change in your pocket.
Which is more anonymous than the bills in your pocket which are each uniquely numbered and easily tracked (easier even than bitcoins).

Yeah, so nobody knows they are yours, until you show a link between them and your real world identity(like they are in your safe or some bank vaults rented by you). Such anonymity is pretty useless in many situations.

Bitcoin, OTOH, provides reasonable pseudononymity/anonymity along with nearly indisputable ownership proof all at the same time.
legendary
Activity: 1764
Merit: 1002
October 21, 2013, 06:36:12 PM


btw, only 1 day in BTC history where the price has closed higher than now.



was that $230?

yeah.

the future is very bright.
legendary
Activity: 1764
Merit: 1002
October 21, 2013, 06:12:24 PM
40X!!!  Grin  

Just in case newbies to this thread do not understand, this posting periodically compares the buying power of gold vs. bitcoin if you had bought one vs the other in March 2012.  

For example, you had bought $1000 in gold on that date, you'd have a bit more than a half ounce worth around $780 today.  If you had bought bitcoin, you would have 185 coins worth 35 THOUSAND bucks!!!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 192.11 (177.44 btcChina in USD).  Gold is 1318.00.  Nasdaq is 3922.00
Bitcoin: 3457.59% (3185.93%)
Gold:    -22.01%
Nasdaq:  28.38%
Gold Diff:   4462% advantage Bitcoin
Nasdaq Diff:  2671% advantage Bitcoin
4561.708256055753

Stop rubbing it in.

40 bagger deserves some celebration. ...


you know i'm just kidding.  keep it up.

btw, only 1 day in BTC history where the price has closed higher than now.

legendary
Activity: 1246
Merit: 1010
October 21, 2013, 06:00:59 PM
40X!!!  Grin  

Just in case newbies to this thread do not understand, this posting periodically compares the buying power of gold vs. bitcoin if you had bought one vs the other in March 2012.  

For example, you had bought $1000 in gold on that date, you'd have a bit more than a half ounce worth around $780 today.  If you had bought bitcoin, you would have 185 coins worth 35 THOUSAND bucks!!!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 192.11 (177.44 btcChina in USD).  Gold is 1318.00.  Nasdaq is 3922.00
Bitcoin: 3457.59% (3185.93%)
Gold:    -22.01%
Nasdaq:  28.38%
Gold Diff:   4462% advantage Bitcoin
Nasdaq Diff:  2671% advantage Bitcoin
4561.708256055753

Stop rubbing it in.

40 bagger deserves some celebration. ...
legendary
Activity: 1904
Merit: 1002
October 21, 2013, 05:36:45 PM
Yeah, I wouldn't put too much hope in that article, I am pretty confident it is mostly just a reaction of the body to aging (an effect instead of the cause).  Articles about "the one magic compound or pill that controls aging" are just selling stories. Nevertheless, aging IS curable, imo the best effort out there is SENS : http://sens.org/ .

Sorry for going off-topic, but I have some strong opinions on the matter, and I am hoping somewhat that some of the brighter out-of-the-box thinkers that you might find here might become intrigued by this as well  Smiley .

That's exactly what this research is... they were trying to improve the methods of measuring aging, not trying to find the cause.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
October 21, 2013, 05:30:16 PM
Yeah, I wouldn't put too much hope in that article, I am pretty confident it is mostly just a reaction of the body to aging (an effect instead of the cause).  Articles about "the one magic compound or pill that controls aging" are just selling stories. Nevertheless, aging IS curable, imo the best effort out there is SENS : http://sens.org/ .

Sorry for going off-topic, but I have some strong opinions on the matter, and I am hoping somewhat that some of the brighter out-of-the-box thinkers that you might find here might become intrigued by this as well  Smiley .

I've had the pleasure of hanging out with Aubrey de Grey, Ph.D. (SENS Chief Science Officer and Co-founder) a few times and can attest that he is *very lively* for a man of his years.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
October 21, 2013, 05:10:07 PM
Yeah, I wouldn't put too much hope in that article, I am pretty confident it is mostly just a reaction of the body to aging (an effect instead of the cause).  Articles about "the one magic compound or pill that controls aging" are just selling stories. Nevertheless, aging IS curable, imo the best effort out there is SENS : http://sens.org/ .

Sorry for going off-topic, but I have some strong opinions on the matter, and I am hoping somewhat that some of the brighter out-of-the-box thinkers that you might find here might become intrigued by this as well  Smiley .
legendary
Activity: 1834
Merit: 1019
October 21, 2013, 11:57:50 AM

can i just be your apprentice? Grin

edit: actually this was the link i wanted to post about reversing aging, not the Guardian article. The tedtalk is much more informative
http://www.youtube.com/watch?v=qMAwnA5WvLc
legendary
Activity: 1764
Merit: 1002
October 21, 2013, 11:54:06 AM
legendary
Activity: 1834
Merit: 1019
legendary
Activity: 1764
Merit: 1002
October 21, 2013, 11:40:34 AM
I can't wait to see this in 3-20 years.

Some of us might be dead by then.
legendary
Activity: 1834
Merit: 1019
October 21, 2013, 11:17:09 AM
I can't wait to see this in 3-20 years.
legendary
Activity: 1764
Merit: 1002
October 21, 2013, 11:13:53 AM
40X!!!  Grin  

Just in case newbies to this thread do not understand, this posting periodically compares the buying power of gold vs. bitcoin if you had bought one vs the other in March 2012.  

For example, you had bought $1000 in gold on that date, you'd have a bit more than a half ounce worth around $780 today.  If you had bought bitcoin, you would have 185 coins worth 35 THOUSAND bucks!!!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 192.11 (177.44 btcChina in USD).  Gold is 1318.00.  Nasdaq is 3922.00
Bitcoin: 3457.59% (3185.93%)
Gold:    -22.01%
Nasdaq:  28.38%
Gold Diff:   4462% advantage Bitcoin
Nasdaq Diff:  2671% advantage Bitcoin
4561.708256055753

Stop rubbing it in.
sr. member
Activity: 448
Merit: 250
October 21, 2013, 09:49:49 AM
ok, just to try to stay in-topic: has gold bottomed here??? A swiss banker friend of a friend recently said me that it has to drop down to 1000 USD. I'm asking just 'cause i liquidated my papergold and looking for a good entry point for some phyzz while holding fast-depreciating USD.


Well the thesis of this thread (so far as I can tell) is that gold is at the end of its 6000 year history as money, it's now just a useless shiny artifact, and will bottom at $0. Also there is absolutely no market manipulation and the number of paper certificates perfectly corresponds to the amount of phyz on the market. There's not, like, a lot more paper than phyz or anything. Sell sell sell!
legendary
Activity: 1246
Merit: 1010
October 21, 2013, 09:35:44 AM
40X!!!  Grin  

Just in case newbies to this thread do not understand, this posting periodically compares the buying power of gold vs. bitcoin if you had bought one vs the other in March 2012.  

For example, you had bought $1000 in gold on that date, you'd have a bit more than a half ounce worth around $780 today.  If you had bought bitcoin, you would have 185 coins worth 35 THOUSAND bucks!!!

the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 192.11 (177.44 btcChina in USD).  Gold is 1318.00.  Nasdaq is 3922.00
Bitcoin: 3457.59% (3185.93%)
Gold:    -22.01%
Nasdaq:  28.38%
Gold Diff:   4462% advantage Bitcoin
Nasdaq Diff:  2671% advantage Bitcoin
4561.708256055753
legendary
Activity: 2242
Merit: 1057
October 21, 2013, 09:34:23 AM
ok, just to try to stay in-topic: has gold bottomed here??? A swiss banker friend of a friend recently said me that it has to drop down to 1000 USD. I'm asking just 'cause i liquidated my papergold and looking for a good entry point for some phyzz while holding fast-depreciating USD.

About BTC and anything else, so fast and furious rallies in a context of unanimous bullishness make me feel nervous, bearish, and inclined to start selling, or at least put some bids at low price -about 140 USD.

probably better to ask the swiss banker friend for advice of gold bottom and when to buy than on a bitcoin forum.

gold is going down, but what the bottom and when to buy is anyones guess.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
October 21, 2013, 09:30:42 AM
it doesn't matter who's right.

the point is, production and stock is fuzzy; and it always will be.  which is precisely why i switched to BTC investment back in early 2011.  Bitcoin is easily trackable according to the protocol by anyone. it's brutally defined.  and time is proving it's uncrackable.

just one of the many reasons i've been arguing to switch publicly since Gold: I Smell A Trap.

Very good point. You can't track the total supply of PMs world wide. You can only make estimations of the total.

Never thought of that until now.

This is why/how PM is anonymous, and Bitcoin isn't.

Anonymous until you want to claim your ownership, in which case Bitcoin is still more anonymous.
Claiming ownership?  Not sure what you mean.
Physical PM is always anonymous.  It is as anonymous as the change in your pocket.
Which is more anonymous than the bills in your pocket which are each uniquely numbered and easily tracked (easier even than bitcoins).
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