Topic: Gold collapsing. Bitcoin UP. - page 542. (Read 2032289 times)

yep.  here's the original quote of AEP which was around the time i began calling for the USD rally last summer.  since that time, i have been consistent about showing, via multiple $DXY charts here in this thread, how the dollar has been progressively breaking thru resistance levels during the rise, the result of which was deflation, which i think many now acknowledge is the predominant macroeconomic theme occurring worldwide.  additional evidence i've presented has been the drop in oil and other commodities, as well as the drop in foreign stock mkts worldwide.  the deflation call in itself is an itself is a big deal as many mistakenly believe, esp goldbugs, that inflation is the predominant theme, which is why they invest in gold to begin with.  i think that is a mistake.  further evidence of this dynamic, which i've consistently charted, is the persistent rise of TLT, the gvt black hole shit chart.  it is sucking all productive capital into itself, much like Japan has done for decades in their deflationary spiral, all based on the belief that the gvt can tax the hell out of its citizens to pay back debts.  this is deflationary.

Bitcoin holds the potential to actually improve the financial system via efficiency and sound money globally and perhaps pull us out of this deflationary spiral.  this is why i am so bullish on its prospects.

here's the quote:

That's too convenient, it sounds like a weak excuse to me.

from Adam's twitter stream:

https://twitter.com/adam3us/status/556462951507714049


p.s. you do have a big screen @cypher, don't you?

Changetip is so December 2014.

Tippero supports Monero+Gambling

/DiSRUPT

But, but, but...direct exposure isn't anywhere near sufficient to satisfy my greed, so great is my avarice and desire to Get Rich Quick.

I demand LEVERAGE on extreme risk.  Morphine is boring; give me Fentanyl or GTFO.

Now where did those TBT and ZSL options go...?

*OH SHIT*

 

Changetip has more zing

The new Axis: Iceland and Switzerland should join forces and adopt Colored Coin ahem Tether as their settlement method.

We already have the killer app:

https://twitter.com/cypherdoc2/status/556967234669907969

Cypherdoc is a glutton for punishment.  In fairness I should have left him alone and deferred on the last one until he made a another feeble stab at antagonizing me again, but I couldn't help myself.  As has been the case for the last however many years it's all good fun to me.  Hopefully for cypherdoc as well.

This is where cypherdoc fights his battles.  Others come here to challenge   
Topics vary,  but generally more interesting that the Wall Observer, due to higher overall intelligence of posters.

Has this thread become a face-off between the last two posters? Seems like some animosity building up and I'm not even sure why as I haven't been following too closely over the weeks and months, only recently and this is what I noticed.

https://twitter.com/TheStalwart/status/556910642863820801

Someone here wanted to know about the dangers of 'centralization' a bit ago.  To me 'centralization' means mostly an investment that one cannot easily walk away from.  Here's why:

  http://insidebitcoins.com/news/btcmiami-regulation-panel-predicts-new-state-law-imminent-and-look-out-for-the-lawsuits/28961

I'll make a bold prediction that if/when these laws go into effect and the brown-shirts knock on Adrian-X's door telling him that they believe he should be mining based on a cleaned up UTXO set (say, from their partners and CoinValidation) his reply will be 'Yes sir.  Right away sir.'  Else he'll power down...if he has not already done so by that time for the more organic fundamental economic reasons I alluded to earlier.

It's undeniably a difficult problem to solve.  One cannot count on being able to just move to Russia, China, etc, since a viable alternate store and transmission of value threatens these guys as much as anyone (as reflected in their laws.)  Smaller sovereign powers can be pressured to enforce things that they otherwise don't care that much about.  The best solution in my opinion is to try to have the support infrastructure for the basic core be such that it can be operated with minimal investment and hope there are jurisdictions where getting caught results in simple confiscation and a minor slap on the wrist.

Alternate solution: embrace whatever the fuck the man tells us to and try to make ourselves believe that it's for our own good.

That would explain why/if they stay the hell away from this one.  Same bad tastes in their mouths.

OK, OK, I don't totally believe this and am being more negative than I probably should be just for shits-n-giggles.  I actually did pick up some useful and interesting things as SJ but I stuck mostly to the tech stuff.

If you have more details about the 'spawning' there at SJ, it would be interesting and entertaining to know of them, but not critical.

The blockstream notion was pretty much spawned at the San Jose 2013 conference, as I recall.

I looked up the schedule on-line a few days ago and didn't notice anything scheduled from Blockstream at all.  The web site which contained a lot of logos was terribly slow to load so I canceled it, but I didn't notice Blockstream popping up by the time I did.

Frankly, after the 2013 conference in San Jose, I sort of feel that these trade show things are mainly a venue for bad ideas to be sprouted and grow so Blockstream being a no-show (if they actually are) is kind of a positive to my way of thinking.  Bad ideas like how do we get coin tainting going, and since almost everyone on some supposedly important panel seems to think its a no-brainier it must be a good idea.

If a group of insiders can joystick the protocol to their whim, he will not be wrong.

Cry baby Jamie

http://www.marketwatch.com/story/why-jp-morgans-dimon-is-wrong-about-whats-bedeviling-banks-2015-01-17?mod=mw_share_twitter

http://www.coindesk.com/federal-reserve-bank-vp-protocol-just-like-bitcoin/

"In a conversation with CoinDesk, Andolfatto went so far as to suggest that the bitcoin network isn’t that much different from the Federal Reserve"

Uh yeeeaahh

Its finally starting to dawn on people. Buy the fricking coin!:

http://signal-hub.com/2014/12/30/the-paradox-of-investing-in-bitcoin-startups/

This works because we have a real world example of how:  gold