Gold collapsing. Bitcoin UP. - page 411.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Melbustus on April 22, 2015, 03:41:24 AM

Quote from: tabnloz on April 22, 2015, 12:10:27 AM

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app."

Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose.

Of course... if you've missed the boat, you don't want it to be true. It's become increasingly easier (cheaper) to get into the boat, though... so maybe some of the startup-investors (or startups themselves) manage to increase their "pure BTC side-bets" and the tides are turning.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: tabnloz on April 22, 2015, 02:32:37 AM

Quote from: stereotype on April 22, 2015, 01:07:26 AM

Quote from: molecular on April 22, 2015, 12:59:28 AM

Quote from: tabnloz on April 22, 2015, 12:10:27 AM

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

quite bullish outlook Wink

.

What would it look like should a central bank decide to acquire a stash of BTC? Would that be a public policy decision made transparent before the market operation is going to be conducted?

The IMF flirted with the idea of acquiring BTC in 2013....

http://diyhpl.us/~bryan/papers2/bitcoin/Regulating%20digital%20currencies%20-%20bringing%20Bitcoin%20within%20the%20reach%20of%20the%20IMF.pdf

Only had a brief look but some interesting nuggets of info. This was a long time ago in the Bitcoin world but shows the IMF had put some time into studying it early on and measured up its potential impact. I cherrypicked two bits from p20.

"Second, regulating Bitcoin falls squarely within the
IMF’s goals["/b]

"As such, the IMF could require member nations
to pay part of their subscription quota with Bitcoins.
160 This would require member nations to
purchase Bitcoins independently"

omfg. Who do I need to call to make this happen?

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: cypherdoc on April 22, 2015, 05:13:35 AM

This is what is happening. And it's a huge problem for the financial folks because it is precisely the tech folks who provide them with their online virtual weapons. They don't have the first idea about how those weapons work nor how to build them themselves. They hire out tech mercenaries to do their dirty work but eventually those guys figure out the math and will privately defect.

They're rotting from the inside out and they're beginning to wonder why they're feeling nauseous.

http://gizmodo.com/dhs-secretary-begs-silicon-valley-to-stop-the-encryptio-1699273657

http://uk.reuters.com/article/2015/04/21/uk-britain-security-tech-idUKKBN0NC1HX20150421

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: 600watt on April 22, 2015, 05:33:36 AM

http://thenextweb.com/insider/2015/04/16/bitcoin-is-the-worlds-most-dangerous-idea/

weird that journalists either have no clue about bitcoin or hate the whole thing, while others think it will basically change the world.

Quote

The blockchain might be the ultimate protocol to support this kind of global digital nation. With bitcoin blockchain there are no borders or limits. Blockchain cracks Pandora’s Box. It’s a rabbit hole inside of a rabbit hole inside of a rabbit hole…

... it reads like he went to the SR and it blew his mind.

I'm liking all this angst again coming out of the mainstream exactly "wtf? is bitcoin", is it this? is it that? ... they realise it is not going to die or be coopted and so they must grapple with getting a strategy together to conceptualise/deal with it. The "blockchain not bitcoin" soundbite myth dissolved on them.

600watt

legendary

Activity: 2338

Merit: 2106

http://thenextweb.com/insider/2015/04/16/bitcoin-is-the-worlds-most-dangerous-idea/

weird that journalists either have no clue about bitcoin or hate the whole thing, while others think it will basically change the world.

Quote

The blockchain might be the ultimate protocol to support this kind of global digital nation. With bitcoin blockchain there are no borders or limits. Blockchain cracks Pandora’s Box. It’s a rabbit hole inside of a rabbit hole inside of a rabbit hole…

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: hdbuck on April 22, 2015, 04:25:09 AM

Quote from: Melbustus on April 22, 2015, 03:41:24 AM

Quote from: tabnloz on April 22, 2015, 12:10:27 AM

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app."

Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose.

Imho, Bitcoin emerged as retaliation from techies/intelligencia to central banks power.

Now we have Sillicon Valley's startups messing around with financial services, which were traditionally banks mojo.

VCs better start stacking up bitcoins instead of funding scams tho.

This is what is happening. And it's a huge problem for the financial folks because it is precisely the tech folks who provide them with their online virtual weapons. They don't have the first idea about how those weapons work nor how to build them themselves. They hire out tech mercenaries to do their dirty work but eventually those guys figure out the math and will privately defect.

They're rotting from the inside out and they're beginning to wonder why they're feeling nauseous.

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: cypherdoc on April 22, 2015, 04:57:02 AM

Quote from: stereotype on April 22, 2015, 01:07:26 AM

Quote from: molecular on April 22, 2015, 12:59:28 AM

Quote from: tabnloz on April 22, 2015, 12:10:27 AM

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

quite bullish outlook Wink

.

What would it look like should a central bank decide to acquire a stash of BTC? Would that be a public policy decision made transparent before the market operation is going to be conducted?

The IMF flirted with the idea of acquiring BTC in 2013....

http://diyhpl.us/~bryan/papers2/bitcoin/Regulating%20digital%20currencies%20-%20bringing%20Bitcoin%20within%20the%20reach%20of%20the%20IMF.pdf

No, author was simply a graduate international economics student in Chicago at the time. Simply his opinions, though good.

Yep, my bad. He now specialises in IP litigation/law.....which obviously he is wasted at. Tongue

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: stereotype on April 22, 2015, 01:07:26 AM

Quote from: molecular on April 22, 2015, 12:59:28 AM

Quote from: tabnloz on April 22, 2015, 12:10:27 AM

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

quite bullish outlook Wink

.

What would it look like should a central bank decide to acquire a stash of BTC? Would that be a public policy decision made transparent before the market operation is going to be conducted?

The IMF flirted with the idea of acquiring BTC in 2013....

http://diyhpl.us/~bryan/papers2/bitcoin/Regulating%20digital%20currencies%20-%20bringing%20Bitcoin%20within%20the%20reach%20of%20the%20IMF.pdf

No, author was simply a graduate international economics student in Chicago at the time. Simply his opinions, though good.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: tabnloz on April 22, 2015, 12:10:27 AM

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

Well, I'll be...

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: Melbustus on April 22, 2015, 03:41:24 AM

Quote from: tabnloz on April 22, 2015, 12:10:27 AM

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app."

Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose.

Imho, Bitcoin emerged as retaliation from techies/intelligencia to central banks power.

Now we have Sillicon Valley's startups messing around with financial services, which were traditionally banks mojo.

VCs better start stacking up bitcoins instead of funding scams tho.

Melbustus

legendary

Activity: 1722

Merit: 1004

Quote from: tabnloz on April 22, 2015, 12:10:27 AM

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

Ryan's comin' back around. I especially liked: "I’m increasingly convinced that Wences et al have been right all along with bitcoin as a value store (reserve) emerging as its hidden-in-plain-sight killer app."

Duh - we've been saying that for years in this thread!....but it's easy for the VC crowd to get caught up in all the other hype for a while, I suppose.

tabnloz

legendary

Activity: 961

Merit: 1000

ECB Prepares To Sacrifice Greek Banks With 50% Collateral Haircut

http://www.zerohedge.com/news/2015-04-21/ecb-prepares-sacrifice-greek-banks-50-collateral-haircut

tabnloz

legendary

Activity: 961

Merit: 1000

Quote from: stereotype on April 22, 2015, 01:07:26 AM

Quote from: molecular on April 22, 2015, 12:59:28 AM

Quote from: tabnloz on April 22, 2015, 12:10:27 AM

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

quite bullish outlook Wink

.

What would it look like should a central bank decide to acquire a stash of BTC? Would that be a public policy decision made transparent before the market operation is going to be conducted?

The IMF flirted with the idea of acquiring BTC in 2013....

http://diyhpl.us/~bryan/papers2/bitcoin/Regulating%20digital%20currencies%20-%20bringing%20Bitcoin%20within%20the%20reach%20of%20the%20IMF.pdf

Only had a brief look but some interesting nuggets of info. This was a long time ago in the Bitcoin world but shows the IMF had put some time into studying it early on and measured up its potential impact. I cherrypicked two bits from p20.

"Second, regulating Bitcoin falls squarely within the
IMF’s goals["/b]

"As such, the IMF could require member nations
to pay part of their subscription quota with Bitcoins.
160 This would require member nations to
purchase Bitcoins independently"

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: molecular on April 22, 2015, 12:59:28 AM

Quote from: tabnloz on April 22, 2015, 12:10:27 AM

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

quite bullish outlook Wink

.

What would it look like should a central bank decide to acquire a stash of BTC? Would that be a public policy decision made transparent before the market operation is going to be conducted?

The IMF flirted with the idea of acquiring BTC in 2013....

http://diyhpl.us/~bryan/papers2/bitcoin/Regulating%20digital%20currencies%20-%20bringing%20Bitcoin%20within%20the%20reach%20of%20the%20IMF.pdf

hdbuck

legendary

Activity: 1260

Merit: 1002

Meet The Secretive Group That Runs The World:
http://www.zerohedge.com/news/2015-04-11/meet-secretive-group-runs-world

centralization much?

edit: regarding the negative interest rates, it hit me that the lifetime of those bonds indicate the central bankers 'opinion' about the schedule of the upcoming crisis.
they'd rather pay to lend money to Govs than just sit on their pile of money. Swiss has neg interest rates up to 10 y bonds, France up to 5 y, etc.. So swiss is likely to resist the crisis for the next 10 y or so, whilst France may only have 5 more years.. What's interesting is that banks dont seem to be in full control of Govs since they pay neg interest rates to hedge their risk. Hence, the Govs will have their own agenda when it all pops down, and banks can only "play nice" with them for now..

molecular

donator

Activity: 2772

Merit: 1019

Quote from: tabnloz on April 22, 2015, 12:10:27 AM

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

quite bullish outlook Wink

.

What would it look like should a central bank decide to acquire a stash of BTC? Would that be a public policy decision made transparent before the market operation is going to be conducted?

tabnloz

legendary

Activity: 961

Merit: 1000

2bitidiot's latest

https://medium.com/@twobitidiot/bitcoin-the-global-reserve-9e61d6954533

contains link to Vinny Lingham paraphrased quote from Bitcoin Africa conference

"The biggest buyers of bitcoin in the next few years will be government"

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: cypherdoc on April 21, 2015, 07:36:34 PM

there's lotsa good sh*t going on. this is as good a place as any to enter a bull. 200 is the new 2.

I'd rather see the price stay low for a while. Higher exchange rates means my paychecks get smaller in btc terms.

cypherdoc

legendary

Activity: 1764

Merit: 1002

there's lotsa good sh*t going on. this is as good a place as any to enter a bull. 200 is the new 2.

Kupsi

legendary

Activity: 1193

Merit: 1003

9.9.2012: I predict that single digits... <- FAIL

Taringa's Xapo integration could be really, really great for Bitcoin's propagation in Latin America.

https://blog.xapo.com/xapo-and-taringa-launch-largest-bitcoin-integration/

Topic: Gold collapsing. Bitcoin UP. - page 411. (Read 2032286 times)