Gold collapsing. Bitcoin UP. - page 499.

cypherdoc

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Quote from: o0‡0o on February 11, 2015, 04:09:36 PM

Quote from: cypherdoc on February 11, 2015, 01:34:52 PM

we need to keep Bitcoin focused on the money function. that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

no, bitcoin needs to focus on the gold function,

money is worthless it just passes from one hand to the next. its not a store of value

since you're new here, i'll forgive you. everyone knows that when i talk about Money, i mean Sound Money (fixed supply).

bambou

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Bitcoin stands 0 chance at succeeding as money if it does not secure its 'store-of-valueness'.

Edit: this is bitcoin. Not some random piece of paper.

o0‡0o

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Have faith.

Quote from: cypherdoc on February 11, 2015, 01:34:52 PM

we need to keep Bitcoin focused on the money function. that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

no, bitcoin needs to focus on the gold function,

money is worthless it just passes from one hand to the next. its not a store of value

cypherdoc

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you can't carry gold on your phone, can you?

cypherdoc

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So for 5 billion people, I think that bitcoin will be more relevant than the internet.

http://uk.businessinsider.com/how-bitcoin-may-have-more-impact-than-the-internet-2015-2?r=US

cypherdoc

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Willie Sutton:

cypherdoc

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Quote from: Adrian-x on February 11, 2015, 01:55:10 PM

Quote from: cypherdoc on February 11, 2015, 01:34:52 PM

we need to keep Bitcoin focused on the money function. that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

Altcoins, Bitcoin 2.0 platforms, App coins are all nice to have, but they are not fuel for the Bitcoin rocket. The technology ripe for disruption is Money itself.

with Money 2.0 - comes everything that depends on it.

there you go.

if we win the Money Game, we win everything.

Adrian-x

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Quote from: cypherdoc on February 11, 2015, 01:34:52 PM

we need to keep Bitcoin focused on the money function. that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

Altcoins, Bitcoin 2.0 platforms, App coins are all nice to have, but they are not fuel for the Bitcoin rocket. The technology ripe for disruption is Money itself.

with Money 2.0 - comes everything that depends on it.

cypherdoc

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we need to keep Bitcoin focused on the money function. that is what distinguishes it from altcoins and Bitcoin 2.0 platforms and potentially SC's:

http://coincenter.org/2015/02/cryptocurrency-investments-different-securities-investments/

cypherdoc

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Dow -100. starting the next roll. TLT up.

cypherdoc

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not looking so good:

cypherdoc

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i'm up 15%:

NewLiberty

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Gresham's Lawyer

Quote from: bucktotal on February 10, 2015, 03:51:54 PM

Quote from: sidhujag on February 10, 2015, 03:36:07 PM

Quote from: hdbuck on February 10, 2015, 08:48:49 AM

lol: https://xato.net/passwords/ten-million-passwords/#.VNoKgbCG-RT

torrent: http://www.justhack.co.in/10-million-userpass-combolist.html

Are you on the list? ^^

This is why we need our social identity secured by the blockchain:

http://bytemaster.bitshares.org/article/2014/12/22/BitShares-Login/

proof of concept:

1) http://faucet.bitshares.org/users/sign_in?locale=en

my very own:

2) http://www.bitsharesdemo.com/presta/

identity, login, and other certificate authority information might as well be backed by the security of the bitcoin network. ie, use namecoin, which is merge mined with bitcoin.

for ex. https://onename.com/

Identity and access rights are not necessarily linked. These are different but related problems.

cypherdoc

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Gold Collapsing. Bitcoin bottoming.

NewLiberty

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Gresham's Lawyer

Quote from: uki on February 10, 2015, 06:40:03 PM

Quote from: justusranvier on February 09, 2015, 04:08:04 PM

Quote from: NewLiberty on February 09, 2015, 02:42:31 PM

If there exist entities that both care about Bitcoin and want to end it (and have sufficient motivation and resources)

...then they will succeed, and there's no technological solution we can implement that will stop them.

There is no substitute for growth as a defence against such attackers.

I thought I will bring back the discussion to the original topic (gold vs. BTC), using this very interesting post that fully applies to both BTC and gold. Gold has started this year pretty promising, yet the rally got capped pretty quickly as soon as there was the risk of putting the confirmation of the bottom on the charts. And down we go with the gold (see again the underlined sentence).

The goal in both cases XAU/XBT is to increase what is "sufficient" to subvert the currency. XAU has had thousands of years head start, and is mostly but not completely subverted.

Justusranvier correctly points out that growth is a helpful defense or that.
Bad forks are harmful to it.
Arguably, so also it is harmful for my showing how a proposal for a fork is bad. It is just not as harmful as would be the implementation of it.

bucktotal

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Quote from: domob on February 11, 2015, 02:21:18 AM

Quote from: bucktotal on February 10, 2015, 03:51:54 PM

Quote from: sidhujag on February 10, 2015, 03:36:07 PM

Quote from: hdbuck on February 10, 2015, 08:48:49 AM

lol: https://xato.net/passwords/ten-million-passwords/#.VNoKgbCG-RT

torrent: http://www.justhack.co.in/10-million-userpass-combolist.html

Are you on the list? ^^

This is why we need our social identity secured by the blockchain:

http://bytemaster.bitshares.org/article/2014/12/22/BitShares-Login/

proof of concept:

1) http://faucet.bitshares.org/users/sign_in?locale=en

my very own:

2) http://www.bitsharesdemo.com/presta/

identity, login, and other certificate authority information might as well be backed by the security of the bitcoin network. ie, use namecoin, which is merge mined with bitcoin.

for ex. https://onename.com/

Do they (OneName) support logins? The official identity system in Namecoin is the id/ namespace, by the way, not OneName. See, for instance, https://nameid.org/ - including the ability to log into websites. (Already in summer 2013, before BitShares was even in discussion, BTW.)

onename site says login support is coming. btw, i support your work big time and its a bummer the onename guys did not use /id (a mistake imo). but you gotta admit, they have a nicer website (and that sometimes matters when linking to random examples of applications)

edit: but you're right. i should have included nameid.org too.. my bad Domob.
<3

uki

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cryptojunk bag holder

Quote from: smoothie on February 11, 2015, 01:59:24 AM

Quote from: hdbuck on February 09, 2015, 02:21:05 AM

5 Reasons To Buy Gold & Silver In 2015: http://www.zerohedge.com/news/2015-02-08/guest-post-5-reasons-buy-gold-silver-2015

this chart oddly reminds me Bitcoin's diff+price chart Lips sealed

A test of the $900 to $1050 range may be in the cards...

look at past resistance...should be support...well we will see.

great to see the updated version of this chart. When are the next talks about raising debt ceiling scheduled? This event may ignite some short-squeeze rally in gold, and possibly it may also have a positive influence on the price of bitcoin. It seems to me that there is a positive correlation between the price of gold and bitcoin, contrary to the title of this thread. Now, which of the two is leading it is another question.

solex

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100 satoshis -> ISO code

Quote from: smooth on February 11, 2015, 03:33:12 AM

Quote from: solex on February 11, 2015, 02:06:10 AM

For a price chart which spans more than 10 years, the inflation-adjusted version is also useful. (This one a little stale though).

Okay so we are fairly near but now somewhat below recent decades' highs. What do you think that indicates?

It looks to me that it will bounce from the $1100s, probably for a few years, even permanently.
Too many shooting wars and currency wars going on for gold to stay down IMHO.

smooth

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Quote from: solex on February 11, 2015, 02:06:10 AM

For a price chart which spans more than 10 years, the inflation-adjusted version is also useful. (This one a little stale though).

Okay so we are fairly near but now somewhat below recent decades' highs. What do you think that indicates?

domob

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Quote from: bucktotal on February 10, 2015, 03:51:54 PM

Quote from: sidhujag on February 10, 2015, 03:36:07 PM

Quote from: hdbuck on February 10, 2015, 08:48:49 AM

lol: https://xato.net/passwords/ten-million-passwords/#.VNoKgbCG-RT

torrent: http://www.justhack.co.in/10-million-userpass-combolist.html

Are you on the list? ^^

This is why we need our social identity secured by the blockchain:

http://bytemaster.bitshares.org/article/2014/12/22/BitShares-Login/

proof of concept:

1) http://faucet.bitshares.org/users/sign_in?locale=en

my very own:

2) http://www.bitsharesdemo.com/presta/

identity, login, and other certificate authority information might as well be backed by the security of the bitcoin network. ie, use namecoin, which is merge mined with bitcoin.

for ex. https://onename.com/

Do they (OneName) support logins? The official identity system in Namecoin is the id/ namespace, by the way, not OneName. See, for instance, https://nameid.org/ - including the ability to log into websites. (Already in summer 2013, before BitShares was even in discussion, BTW.)

Topic: Gold collapsing. Bitcoin UP. - page 499. (Read 2032286 times)