Topic: Gold collapsing. Bitcoin UP. - page 1349. (Read 2032266 times)

I think he posted that chart so we see the depth. My sub to btccharts.com expired

Was 24.11 really worth getting THAT excited about?

$561K

How many ~dollars to $30?

the silverbox update (comparison from the beginning of this thread):

Bitcoin:  +342%

Gold:  -3%

GPL:  -25% silverbox long

Diff:  +345% advantage Bitcoin and growing

could you write me a script for that?

You are just both using different definitions of the terms.  I think he is using Michael Maloney's version who says the difference between money and currency is intrinsic value.

Having intrinsic value is not a requirement for something to become money. Moreover claiming that something is currency and not money is perverse.

Money is an abstract idea of something being used as a medium of exchange as opposed to direct barter. Currency is simply physical or these days virtual representation of money.

can you make the font-size according to the advantage-percentage? for example: 354% = font-size: 35pt ?

The only reason why gold is not already accounting for the expansion of the currency supply is because central banks are leasing gold to the market in huge quantities and the futures market is greatly manipulated. It's a perverse scam. I don't know when, but you'll see gold and silver accounting for nearly ALL the currency out there, a blizzard of worthless paper.

Bitcoin is NOT money because it has not intrinsic value. However, it is the best currency around right now.

the silverbox update (comparison from the beginning of this thread):

Bitcoin:  +342%

Gold:  -1%

GPL:  -23% silverbox long

Diff:  +343% advantage Bitcoin and growing

The Attack of the Ribosomes!

cuddlefish was a mouthy little scammer/charlatan ... probably be doing the same thing when he is 40.

i remember back when it was just you, me, noagendamarket, boonies4u, and a coupla other guys hanging out in the Ubitex IRC channel waiting for updates from cuddlefish.

for those of you who wonder what we're talking about, Ubitex was the 2nd or 3rd stock issuance on GLBSE (precursor to MPEX) around May 2011 IIRC.  the price was around $5 at the time so we'd already had significant upward movement.  i thought i'd jump on what seemed like a good idea at the time for a local p2p Bitcoin exchange service (Ubitex).  yes, it was started by a 14 yo, but being new to this shady world of IRC, anonymous stock exchanges, and Bitcoin i thought i'd take a flyer on this kid.  he actually had a very good rep amongst the devs around here as being quite a brilliant coder as far as i could tell.  some ppl had actually met him and said things like "some of the best coders in the world are 14yo".  Nefario, who ran GLBSE, gave him a thumbs up.  he was one of my son's age so i thought i'd think positive and go for it.  he actually developed a site and supposedly got a few customers.  he was great at hyping things.  

ultimately i think he just got in way over his head from the business side of things.  i don't think he started off as a scam (like many of how these things start out it seems).  everyone could see he was wasting BTC left and right for biz expenses.  and i also think when he ended it all he walked off with most of the BTC invested in him (mostly mine).  i learned alot from that.

funny thing is, i know where he lives.  one day i might stop by and pay him a visit.

Keep in mind that "early 2011" could mean a very low price per BTC, like $0.80 or even $0.40.

Oh man...I only lost 1 BTC to that guy and now I feel bad about feeling bad about it.

I would also call it discipline.

it's funny when i hear ppl say that the run to $32 with it's subsequent crash was just a bubble, disproving Bitcoin's worthiness.  for me, the run up was very informative about just how many believed in the concept early on.  and for good reasons.  it was an important indicator to me of its future possibilities.  this is why i objected to miscreanity's monthly closing charts he published a couple of weeks ago as they obscured that information. 

yes, it was too much too soon; but the crash allowed me to scoop up alot of cheap Bitcoin. 

the other thing is that based upon alot of real world experience in investing and business, i've learned to trust myself.  that is a hard thing to learn about oneself. 

b/c quite honestly, alot of ppl shouldn't trust themselves.

Yeah... I mean, obviously you have a nice ability to stick to your analysis and not be swayed by other people or irrelevant events...

I do identify to a degree...I've never sold a coin despite the sentiment around here at times, and 1/3 of my current position was bought for $3/btc, right when Tradehill folded (I actually pleaded with Jared to keep it going or do something else with bitcoin - felt like the btc economy really needed stand-up guys like him at the time).

But still...I probably would've gone away for a few months after being scammed for 800btc.