Gold collapsing. Bitcoin UP. - page 504.

cypherdoc

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Quote from: fordlincoln on February 08, 2015, 02:44:43 PM

Quote from: molecular on February 08, 2015, 12:59:35 PM

Quote from: Patel on February 08, 2015, 10:45:33 AM

Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.

correct. I keep pointing it out myself, but people don't listen to reason a lot these days.

Quote from: Patel on February 08, 2015, 10:45:33 AM

I don't know why everyone thinks that...

I do: people like a good simple story.There's a part of the brain that is responsible for making sense of everything (after the fact). It's a lazy bastard.

I'm beginning to suspect human history looks a lot different from what is depicted in history books. Maybe we should start putting stuff into blockchains (or _the_ blockchain) so it can't be changed later... is that what factom is doing, btw?

yes factom is hashing for proof of existence
using the blockchain

doesn't the initial insertion/verification of the factom data into the blockchain introduce a centralized, potentially corruptible, weak point in the system?

fordlincoln

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Quote from: molecular on February 08, 2015, 12:59:35 PM

Quote from: Patel on February 08, 2015, 10:45:33 AM

Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.

correct. I keep pointing it out myself, but people don't listen to reason a lot these days.

Quote from: Patel on February 08, 2015, 10:45:33 AM

I don't know why everyone thinks that...

I do: people like a good simple story.There's a part of the brain that is responsible for making sense of everything (after the fact). It's a lazy bastard.

I'm beginning to suspect human history looks a lot different from what is depicted in history books. Maybe we should start putting stuff into blockchains (or _the_ blockchain) so it can't be changed later... is that what factom is doing, btw?

yes factom is hashing for proof of existence
using the blockchain

hdbuck

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Activity: 1260

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Quote from: solex on February 08, 2015, 01:53:35 PM

Quote from: justusranvier on February 08, 2015, 01:02:40 PM

Quote from: molecular on February 08, 2015, 12:59:35 PM

Quote from: Patel on February 08, 2015, 10:45:33 AM

Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.

correct. I keep pointing it out myself, but people don't listen to reason a lot these days.

Why do people call it an April rally?

It started in January and ended in April.

People also blame MtGox for the crash from $266. Whereas gox went down afterwards, when it was about $125, and after their outage the price continued from that level.

Well i'd blame Mtgox for the 1250$ bubble. Both rise and crash.

Besides, I agree that it is not cyprus itself that 'caused' the jan-april surge, but i figured it is the context that matters.
Such econmical crisis should provide solid ground for the pumpers to get active behind the curtains..

solex

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100 satoshis -> ISO code

Quote from: justusranvier on February 08, 2015, 01:02:40 PM

Quote from: molecular on February 08, 2015, 12:59:35 PM

Quote from: Patel on February 08, 2015, 10:45:33 AM

Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.

correct. I keep pointing it out myself, but people don't listen to reason a lot these days.

Why do people call it an April rally?

It started in January and ended in April.

People also blame MtGox for the crash from $266. Whereas gox went down afterwards, when it was about $125, and after their outage the price continued from that level.

justusranvier

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Activity: 1400

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Quote from: molecular on February 08, 2015, 12:59:35 PM

Quote from: Patel on February 08, 2015, 10:45:33 AM

Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.

correct. I keep pointing it out myself, but people don't listen to reason a lot these days.

Why do people call it an April rally?

It started in January and ended in April.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Patel on February 08, 2015, 10:45:33 AM

Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.

correct. I keep pointing it out myself, but people don't listen to reason a lot these days.

Quote from: Patel on February 08, 2015, 10:45:33 AM

I don't know why everyone thinks that...

I do: people like a good simple story.There's a part of the brain that is responsible for making sense of everything (after the fact). It's a lazy bastard.

I'm beginning to suspect human history looks a lot different from what is depicted in history books. Maybe we should start putting stuff into blockchains (or _the_ blockchain) so it can't be changed later... is that what factom is doing, btw?

bambou

sr. member

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Quote from: thezerg on February 08, 2015, 10:59:28 AM

Anyone in greece with money should be loading up on physical euro gold silver bitcoins. Bitcoins because they are easily hidden. In today's world without bank secrecy presumably greek govt could insist that foreign banks divulge its citizens holdings. Tax revenue is down; looks like ppl are deferring debt payments in favor of holding.

lol wut? nah they better start ~~stacking~~ invest on can food and water..

thezerg

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Anyone in greece with money should be loading up on physical euro gold silver bitcoins. Bitcoins because they are easily hidden. In today's world without bank secrecy presumably greek govt could insist that foreign banks divulge its citizens holdings. Tax revenue is down; looks like ppl are deferring debt payments in favor of holding.

Patel

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Quote from: explorer on February 08, 2015, 07:56:09 AM

Quote from: hdbuck on February 08, 2015, 07:12:16 AM

What are the odds that this greek situation would start a bitcoin rally?

Kind of like Cyprus. If the timing is coincidental to a major rally, who's to say what comes first? Either will boost the other, I think. BTC gets major press as the EUR tanks, or EUR tanks as BTC takes off. 2015 is going to be a boiling year of change, any way you look at it.

Cyprus did not cause the April 2013 rally. I don't know why everyone thinks that... Also, Greece isn't going to impact bitcoins price.

explorer

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Quote from: hdbuck on February 08, 2015, 07:12:16 AM

What are the odds that this greek situation would start a bitcoin rally?

Kind of like Cyprus. If the timing is coincidental to a major rally, who's to say what comes first? Either will boost the other, I think. BTC gets major press as the EUR tanks, or EUR tanks as BTC takes off. 2015 is going to be a boiling year of change, any way you look at it.

explorer

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Quote from: hdbuck on February 08, 2015, 06:29:10 AM

Europe - the final countdown Cheesy

It really is. ITs a lose - lose situation. Grexit = start of the disintegration of EZ. Debt forgiveness = disintegration of EUR. Either way, shit hits the fan. And the 80's Hair Bands play on Grin

hdbuck

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What are the odds that this greek situation would start a bitcoin rally?

cypherdoc

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Quote from: hdbuck on February 08, 2015, 06:29:10 AM

Has Greece indeed lost everything, allowing it to be finally free to do anything?

When Greece loses everything, they lose it.

hdbuck

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Eurogroup Gives Greece 10 Day Ultimatum: Apply For Bailout Or Grexit: http://www.zerohedge.com/news/2015-02-06/eurogroup-gives-greece-10-day-ultimatum

Europe - the final countdown Cheesy

edit: Greece Gambles On "Catastrophic Armageddon" For Europe, Warns It "Only Has Weeks Of Cash Left": http://www.zerohedge.com/news/2015-02-07/greece-gambles-catastrophic-armageddon-europe-warns-it-only-has-weeks-cash-left

Has Greece indeed lost everything, allowing it to be finally free to do anything?

cypherdoc

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tabnloz

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Swiss Nat Bank hints at capital controls

http://www.zerohedge.com/news/2015-02-07/swiss-national-bank-hints-capital-controls

Erdogan

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Quote from: rocks on February 06, 2015, 06:49:31 PM

Quote from: Erdogan on February 06, 2015, 04:25:07 PM

To both previous posters: I shamelessly point out the main point of my post/article, which is that the long term capital investments in the history, for producing current goods now, have been overweight. And that the consumers are exhausted by consumption of savings. So I would look for those things to crash (or continue crashing): Oil, iron ore, aluminium, platforms, bulldozers and other machinery, ships, then the companies that work in the early phases of investment of those things: Mineral surveillance, Seismic Surveillance, shipbuilding.

Agree with your point, which is artificial money creation has resulted in both over investment on the capital side and over consumption on the consumer side, and that now both are tapped and will likely reverse. However this over investment has not been limited to only production of goods type investments (oil, machinery, etc), but has extended across the entire economy to include services, education, health care, government, military, welfare, etc. For example without artificial money we would NOT have tier-3 schools that cost $50K/year with multiple expensive amenities, to sell degrees the market does not value. All of these areas will get crushed if the FED loses control.

The point I was trying to make is because of the breadth of this over investment there are very very few places to hide, and which place largely depends upon with path the central banks take (default or monetary inflation).

Good point. I would say hairdressers and alternative treatment, but those things don't really need much capital.

justusranvier

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Quote from: sickpig on February 05, 2015, 10:40:01 AM

Quote from: justusranvier on February 05, 2015, 09:59:25 AM

Quote from: Melbustus on February 05, 2015, 02:53:59 AM

Hopefully between that and https://bitcoinism.liberty.me/2015/01/21/economic-fallacies-and-the-block-size-limit-part-1-scarcity/ this stupid argument is over.

By the way, part 2 will be out... soonish.

Great! I'm waiting for it eagerly.

Monday.

I'm going to let a proofreader go over this one rather than simply publishing the moment I finished writing the draft.

rocks

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Quote from: Erdogan on February 06, 2015, 04:25:07 PM

To both previous posters: I shamelessly point out the main point of my post/article, which is that the long term capital investments in the history, for producing current goods now, have been overweight. And that the consumers are exhausted by consumption of savings. So I would look for those things to crash (or continue crashing): Oil, iron ore, aluminium, platforms, bulldozers and other machinery, ships, then the companies that work in the early phases of investment of those things: Mineral surveillance, Seismic Surveillance, shipbuilding.

Agree with your point, which is artificial money creation has resulted in both over investment on the capital side and over consumption on the consumer side, and that now both are tapped and will likely reverse. However this over investment has not been limited to only production of goods type investments (oil, machinery, etc), but has extended across the entire economy to include services, education, health care, government, military, welfare, etc. For example without artificial money we would NOT have tier-3 schools that cost $50K/year with multiple expensive amenities, to sell degrees the market does not value. All of these areas will get crushed if the FED loses control.

The point I was trying to make is because of the breadth of this over investment there are very very few places to hide, and which place largely depends upon with path the central banks take (default or monetary inflation).

bambou

sr. member

Activity: 346

Merit: 250

ouch: http://insidebitcoins.com/news/bank-blocks-bitstamp-usd-deposits/29681

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