Topic: Gold collapsing. Bitcoin UP. - page 481. (Read 2032286 times)

hryvnia, ruble, euro.. pretty much the same weight of paper. ^^

no, you haven't plotted bitcoin versus hryvnia, it's not unlike the gold plot

I don't know that, but we are on the offensive proposing that bitcoin and the blockchain are inseparable, and that the money is the main part.

So I would like to take a good amount of salt and rub it in their wounds, by proposing that the point of the blockchain, sometimes called a public ledger, is not that of a public ledger. We don't want it to be, and it seldom is. A partial proof is that it has not been possible to track diverse thiefs, where the starting address is known. If someone wants their transactions to be public and verified, they have lots of tools for that, some including use of cryptography. To be of use in forensics, most outputs must have a known owner, over time and across the world. How large a percentage is needed to say something about any owner and any address, I don't know, but it must be a high percentage of registered addresses to the total addresses. There is an analogy with the serial numbers on the fiat notes - they are probably registered when you take them off an ATM, and sometimes if you spend them in a store with the new note-reader cash registers. But with a bunch of notes, it will seldom be possible to connect a holder of a note with a crime with any certainty.

So the point of the blockchain, seen from the perspective of money, is solely to make the bitcoins verifiable. The loss of fungibility is strictly accidental, and we should use the system in a way that suppress this problem, and I think that will be the end result for all practical purposes.

This Is What Happens To Gold In A Currency Crisis Redux:



> http://www.zerohedge.com/news/2015-02-25/what-happens-gold-currency-crisis-redux

sadly bitcoin stays still.

They are selling adverts.
AFAIK, the articles are neither fact checked nor edited.
I like their pricing API though.
I think they were one of the first if not the first to drop MTGox from the index.

As you said it is ignorance, and ignorance is a willful choice in today's age.

So one question is why do people choose to be ignorant in seeing value in Bitcoin, and say that only the Blockchain has value. There are multiple reasons. A main reason I think is that Bitcoin derives it's value from scarcity which most people have no experience with.

  BBC

HSBC apologise for getting caught you mean.......Ahhhhh these bastards Send them to guantanamo and throw away the key.  


Meanwhile from ZH

its the globally hypocritical double standards the bug me the most.

multisig...

Ex Goldman director launches bitcoin derivatives brokerage

http://www.wallstreet-online.de/nachricht/7409696-ex-goldman-director-launches-bitcoin-derivatives-brokerage

If you had asked the Fed one year ago, they would have said they were bearish on Bitcoin as a currency and as a technology. I  think their hubris is beginning to falter as evidenced by their need to hedge the technology.

Yes, MACD looks very healthy on your chart. I don't mind having some more of the horizontal trend to give me/us some more time to buy a bit more at these discounted prices. Once we get the cross on MACD we may expect things to start rolling.

One does not need to wrest the value out of Bitcoin because approximately 99.9% of the value is not in Bitcoin.

He is an Internet age person. The WWW existed before he was born!  

Maybe a good thing..

In this particular matter I believe wresting the value out from Bitcoin is a bit hard but there is no lack of trying

FED regular BS sponsored by coindesk:

Boston Fed Researchers: We’re Bullish on Bitcoin as a Technology

http://www.coindesk.com/boston-fed-bullish-bitcoin/

Sometimes i wonder what the heck is going on at coindesk.
Promoting scams, craving regulation, and all the insipid piece of article they can come up with..

There is no adding more decimal places. However, there is a proposal to move the period six columns to the right, ending up with two decimal places instead of eight. The resulting unit is to be called a bit, composed of a hundred satoshi. 1.00000000 BTC (one Bitcoin) = 1,000,000.00 bits (one million bits and 0 satoshi) = 100,000,000 satoshi (one hundred million satoshi).

Thus, if you have a total balance of, say, 7.05893808 BTC, that is equivalent to 7,058,398.08 bits (seven million, fifty eight thousand, 398 bits with 8 satoshi, which is something you can actually pronounce).

Note that, if we switched to speaking about bits, the current exchange rate would be around 4,000 bits per USD (if we assume $250 USD/BTC). As in, right now you could buy yourself over 40,000 bits for $10.

Also note that, if 1 bit were worth 1 dollar, or equivalently, if 1 satoshi were worth 1 penny, then 1 BTC = 1 million USD.

If you have come to the conclusion that long-term deflation is an issue for Bitcoin, you are free to join Varoufakis in staying away from it. Fixed money supply is a central and deliberate aspect of the protocol, well-thought out, and effectively unchangeable in the foreseable future.


Not inclined to take predictions for the next 5 years by someone born in 1994 and who has an obvious stake in one particular outcome.

Man that looks like a sexy macd

There is no way to do a decentralized ledger without a currency. Satoshi invented a way to do one with a currency, and no one has come up with a way to remove that element and still have a viable system.

Distributed != decentralized though.

Google can build a distributed system supporting search and web applications by putting servers all over the world, but that is not decentralized. It is all controlled by Google.

You may argue that a decentralized ledger is not even useful, but that remains to be seen. It has never been tried before.

Well then we will all just sit here and you can think about what you've done

The amount of bitcoins the banksters have been able to coerce out from my hand since a year ago:

[size=600pt]0[/size]

Yes, very interesting indeed. It's clear that bankers are organising FUD attacks on this forum and want to convince you that bitcoin is shit while they accumulate and send it to the moon while you're not watching.
It's obvious.

Go now, buy your BTCeanies BTCitcoinz before they do!





PS: Sorry guize, carry on