Gold collapsing. Bitcoin UP. - page 616.

smooth

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Quote from: cypherdoc on December 17, 2014, 04:27:44 AM

Quote from: smooth on December 17, 2014, 01:57:24 AM

Quote from: cypherdoc on December 17, 2014, 12:07:52 AM

yeah, Ripple and Stellar. what the heck is that? esp after Stellar contracted down to one node?

Don't forget that centralized systems are still thousands of times bigger than bitcoin. So there is a big market potentially even if the whole thing runs entirely on one node.

Yeah but the rally started on or near the time of the stellar fork and retrenchment to one node which should have been a huge indictment against their entire concept of consensus.

What I'm saying is that decentralization might be irrelevant to their whole business model. Imagine Ripple can develop into something like Visa. Totally centralized but who cares. Market cap $160 billion.

cypherdoc

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Quote from: smooth on December 17, 2014, 01:57:24 AM

Quote from: cypherdoc on December 17, 2014, 12:07:52 AM

yeah, Ripple and Stellar. what the heck is that? esp after Stellar contracted down to one node?

Don't forget that centralized systems are still thousands of times bigger than bitcoin. So there is a big market potentially even if the whole thing runs entirely on one node.

Yeah but the rally started on or near the time of the stellar fork and retrenchment to one node which should have been a huge indictment against their entire concept of consensus.

cypherdoc

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Quote from: NewLiberty on December 17, 2014, 03:19:44 AM

Quote from: molecular on December 17, 2014, 02:18:52 AM

Quote from: cypherdoc on December 16, 2014, 10:18:28 PM

Quote from: smooth on December 16, 2014, 10:17:12 PM

Quote from: cypherdoc on December 16, 2014, 10:12:23 PM

i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis.

Suspicious how? Satoshi's rhetoric (right down to the genesis block quote) was clearly directed right at the heart of the crisis. Whether that was really a motivation for the project or opportunistic marketing is unclear though.

suspicious in the sense of "fate". or, as in, perfect timing.

suspicious as in "a cash payment is a suspicious transaction"?

The project had been in the works for a long time...the design and plans were complete at least 4 years previous, but not any code then. So my overwhelming emotion is one of gratitude rather than suspicion.

Yes absolutely. I only said that figuratively. More as an indictment of what might be starting in the real capital markets.

NewLiberty

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Gresham's Lawyer

Quote from: molecular on December 17, 2014, 02:18:52 AM

Quote from: cypherdoc on December 16, 2014, 10:18:28 PM

Quote from: smooth on December 16, 2014, 10:17:12 PM

Quote from: cypherdoc on December 16, 2014, 10:12:23 PM

i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis.

Suspicious how? Satoshi's rhetoric (right down to the genesis block quote) was clearly directed right at the heart of the crisis. Whether that was really a motivation for the project or opportunistic marketing is unclear though.

suspicious in the sense of "fate". or, as in, perfect timing.

suspicious as in "a cash payment is a suspicious transaction"?

The project had been in the works for a long time...the design and plans were complete at least 4 years previous, but not any code then. So my overwhelming emotion is one of gratitude rather than suspicion.

molecular

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Quote from: cypherdoc on December 16, 2014, 10:18:28 PM

Quote from: smooth on December 16, 2014, 10:17:12 PM

Quote from: cypherdoc on December 16, 2014, 10:12:23 PM

i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis.

Suspicious how? Satoshi's rhetoric (right down to the genesis block quote) was clearly directed right at the heart of the crisis. Whether that was really a motivation for the project or opportunistic marketing is unclear though.

suspicious in the sense of "fate". or, as in, perfect timing.

suspicious as in "a cash payment is a suspicious transaction"?

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: cypherdoc on December 17, 2014, 12:07:52 AM

yeah, Ripple and Stellar. what the heck is that? esp after Stellar contracted down to one node?

Don't forget that centralized systems are still thousands of times bigger than bitcoin. So there is a big market potentially even if the whole thing runs entirely on one node.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: HeliKopterBen on December 16, 2014, 11:31:14 PM

Quote from: cypherdoc on December 16, 2014, 11:01:40 PM

Quote from: HeliKopterBen on December 16, 2014, 10:38:05 PM

Quote from: cypherdoc on December 16, 2014, 10:12:23 PM

Quote from: HeliKopterBen on December 16, 2014, 09:56:41 PM

Quote from: cypherdoc on December 16, 2014, 07:23:51 PM

“We couldn’t imagine what’s happening in our worst nightmare even a year ago,” Shvetsov, who oversees financial markets at the central bank, said yesterday.

http://mobile.bloomberg.com/news/2014-12-16/russia-crisis-hits-pimco-fund-wipes-out-options-as-ruble-sinks.html

I've been warning about this shit for months now right here. The charts have been forecasting this. Get yourselves to safety.

"He said the surprise interest-rate increase in the middle of the night, a 6.5 percentage-point move that failed to stem the run on the ruble yesterday"

This proves that central banks cannot control the value of a currency. Eventually the USD should have the same fate.

they certainly do seem to be able to bully it around for certain time periods; often longer than we can imagine. but you're right, every once in a while they do lose control and things get ugly. i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis. it sure seems like it is poised to radically change the game.

Those bully tactics won't work if the majority of their populace decide that a better alternative exists. The more and more central banks intervene, the more and more the fiat ledger gets distorted. Eventually you lose track of who owes who and it becomes nearly impossible to value assets, which seems to near where we are today. Of course this could be another head fake... or it could be the collapse we have all been looking for.

yeah, this one looks highly suspicious to me. we never fixed anything in 2008, only made it worse with multiple QE's and more debt.

Greek debt is imploding along with the already imploded Argentinian & Cyprus debt. the one that really makes this one suspicious is the currency failures we're seeing in Russia, Argentina, Venezuela, and Brazil. we're getting down to the basic units of finance that are failing.

on top of that, the failure of gold and silver to hold up over the last few years continues and imo is leading everything down. i can't think of no better timing for a Black Swan like Bitcoin to have landed on the scene.

It definitely looks primed. Hash rate 50x higher than a year ago. Tx rates at all time high. Huge bull flag generated for over a year. Third largest company in the world now accepts bitcoin. Eight thousand locations in argentina now exchange pesos for bitcoin. The last mini rally (ending nov 11) coincided with the highest total weekly exchange volume ever in bitcoin history (over 6 million coins traded vs just over 3 million at the previous record in nov 2013!). And world fiat currencies may be on the brink of collapse. The stage is set.

The only caveat is ripple has showed surprising strength lately. Shocked

yeah, Ripple and Stellar. what the heck is that? esp after Stellar contracted down to one node?

HeliKopterBen

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Quote from: cypherdoc on December 16, 2014, 11:01:40 PM

Quote from: HeliKopterBen on December 16, 2014, 10:38:05 PM

Quote from: cypherdoc on December 16, 2014, 10:12:23 PM

Quote from: HeliKopterBen on December 16, 2014, 09:56:41 PM

Quote from: cypherdoc on December 16, 2014, 07:23:51 PM

“We couldn’t imagine what’s happening in our worst nightmare even a year ago,” Shvetsov, who oversees financial markets at the central bank, said yesterday.

http://mobile.bloomberg.com/news/2014-12-16/russia-crisis-hits-pimco-fund-wipes-out-options-as-ruble-sinks.html

I've been warning about this shit for months now right here. The charts have been forecasting this. Get yourselves to safety.

"He said the surprise interest-rate increase in the middle of the night, a 6.5 percentage-point move that failed to stem the run on the ruble yesterday"

This proves that central banks cannot control the value of a currency. Eventually the USD should have the same fate.

they certainly do seem to be able to bully it around for certain time periods; often longer than we can imagine. but you're right, every once in a while they do lose control and things get ugly. i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis. it sure seems like it is poised to radically change the game.

Those bully tactics won't work if the majority of their populace decide that a better alternative exists. The more and more central banks intervene, the more and more the fiat ledger gets distorted. Eventually you lose track of who owes who and it becomes nearly impossible to value assets, which seems to near where we are today. Of course this could be another head fake... or it could be the collapse we have all been looking for.

yeah, this one looks highly suspicious to me. we never fixed anything in 2008, only made it worse with multiple QE's and more debt.

Greek debt is imploding along with the already imploded Argentinian & Cyprus debt. the one that really makes this one suspicious is the currency failures we're seeing in Russia, Argentina, Venezuela, and Brazil. we're getting down to the basic units of finance that are failing.

on top of that, the failure of gold and silver to hold up over the last few years continues and imo is leading everything down. i can't think of no better timing for a Black Swan like Bitcoin to have landed on the scene.

It definitely looks primed. Hash rate 50x higher than a year ago. Tx rates at all time high. Huge bull flag generated for over a year. Third largest company in the world now accepts bitcoin. Eight thousand locations in argentina now exchange pesos for bitcoin. The last mini rally (ending nov 11) coincided with the highest total weekly exchange volume ever in bitcoin history (over 6 million coins traded vs just over 3 million at the previous record in nov 2013!). And world fiat currencies may be on the brink of collapse. The stage is set.

The only caveat is ripple has showed surprising strength lately. Shocked

Melbustus

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Quote from: cypherdoc on December 16, 2014, 10:12:23 PM

...

they certainly do seem to be able to bully it around for certain time periods; often longer than we can imagine.
...

Yup. I suspect the US will be able to wiggle out of any of these crises (or at least, weather the storm better than anyone else) until China (or whoever) is strong enough to use the opportunity to try/force a geopolitical shift. China's GDP has another 2x-4x to go before aggressively unseating the dollar wouldn't simply hurt them too much.

rocks

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Quote from: grappa_barricata on December 16, 2014, 08:39:45 PM

- US bonds flows (or the lack of)

It will be very interesting to you.

Is there anything specific related to current bond flows to look at? I'm curious.

If you are responding and saying that during the next crisis the US gov will have difficulty funding operations, I'd suggest that the paradox of debt-based money will ensure the government remains funded at least for the next cycle and probably for some time.

cypherdoc

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Activity: 1764

Merit: 1002

Quote from: marcus_of_augustus on December 16, 2014, 10:37:03 PM

Quote from: smooth on December 16, 2014, 10:22:24 PM

Quote from: rocks on December 16, 2014, 08:08:35 PM

obligations the must continue to be paid no matter the current environment.

This is false. The only question is where is the breaking point (and how close to it we are), not whether there is one.

"Trends that can't continue, won't"

... too much of a good thing will never be good for you.

tell that to the 0.1%

cypherdoc

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Activity: 1764

Merit: 1002

Quote from: HeliKopterBen on December 16, 2014, 10:38:05 PM

Quote from: cypherdoc on December 16, 2014, 10:12:23 PM

Quote from: HeliKopterBen on December 16, 2014, 09:56:41 PM

Quote from: cypherdoc on December 16, 2014, 07:23:51 PM

“We couldn’t imagine what’s happening in our worst nightmare even a year ago,” Shvetsov, who oversees financial markets at the central bank, said yesterday.

http://mobile.bloomberg.com/news/2014-12-16/russia-crisis-hits-pimco-fund-wipes-out-options-as-ruble-sinks.html

I've been warning about this shit for months now right here. The charts have been forecasting this. Get yourselves to safety.

"He said the surprise interest-rate increase in the middle of the night, a 6.5 percentage-point move that failed to stem the run on the ruble yesterday"

This proves that central banks cannot control the value of a currency. Eventually the USD should have the same fate.

they certainly do seem to be able to bully it around for certain time periods; often longer than we can imagine. but you're right, every once in a while they do lose control and things get ugly. i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis. it sure seems like it is poised to radically change the game.

Those bully tactics won't work if the majority of their populace decide that a better alternative exists. The more and more central banks intervene, the more and more the fiat ledger gets distorted. Eventually you lose track of who owes who and it becomes nearly impossible to value assets, which seems to near where we are today. Of course this could be another head fake... or it could be the collapse we have all been looking for.

yeah, this one looks highly suspicious to me. we never fixed anything in 2008, only made it worse with multiple QE's and more debt.

Greek debt is imploding along with the already imploded Argentinian & Cyprus debt. the one that really makes this one suspicious is the currency failures we're seeing in Russia, Argentina, Venezuela, and Brazil. we're getting down to the basic units of finance that are failing.

on top of that, the failure of gold and silver to hold up over the last few years continues and imo is leading everything down. i can't think of no better timing for a Black Swan like Bitcoin to have landed on the scene.

HeliKopterBen

hero member

Activity: 622

Merit: 500

Quote from: cypherdoc on December 16, 2014, 10:12:23 PM

Quote from: HeliKopterBen on December 16, 2014, 09:56:41 PM

Quote from: cypherdoc on December 16, 2014, 07:23:51 PM

“We couldn’t imagine what’s happening in our worst nightmare even a year ago,” Shvetsov, who oversees financial markets at the central bank, said yesterday.

http://mobile.bloomberg.com/news/2014-12-16/russia-crisis-hits-pimco-fund-wipes-out-options-as-ruble-sinks.html

I've been warning about this shit for months now right here. The charts have been forecasting this. Get yourselves to safety.

"He said the surprise interest-rate increase in the middle of the night, a 6.5 percentage-point move that failed to stem the run on the ruble yesterday"

This proves that central banks cannot control the value of a currency. Eventually the USD should have the same fate.

they certainly do seem to be able to bully it around for certain time periods; often longer than we can imagine. but you're right, every once in a while they do lose control and things get ugly. i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis. it sure seems like it is poised to radically change the game.

Those bully tactics won't work if the majority of their populace decide that a better alternative exists. The more and more central banks intervene, the more and more the fiat ledger gets distorted. Eventually you lose track of who owes who and it becomes nearly impossible to value assets, which seems to near where we are today. Of course this could be another head fake... or it could be the collapse we have all been looking for.

marcus_of_augustus

legendary

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Eadem mutata resurgo

Quote from: smooth on December 16, 2014, 10:22:24 PM

Quote from: rocks on December 16, 2014, 08:08:35 PM

obligations the must continue to be paid no matter the current environment.

This is false. The only question is where is the breaking point (and how close to it we are), not whether there is one.

"Trends that can't continue, won't"

... too much of a good thing will never be good for you.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: rocks on December 16, 2014, 08:08:35 PM

obligations the must continue to be paid no matter the current environment.

This is false. The only question is where is the breaking point (and how close to it we are), not whether there is one.

"Trends that can't continue, won't"

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: smooth on December 16, 2014, 10:17:12 PM

Quote from: cypherdoc on December 16, 2014, 10:12:23 PM

i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis.

Suspicious how? Satoshi's rhetoric (right down to the genesis block quote) was clearly directed right at the heart of the crisis. Whether that was really a motivation for the project or opportunistic marketing is unclear though.

suspicious in the sense of "fate". or, as in, perfect timing.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: cypherdoc on December 16, 2014, 10:12:23 PM

i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis.

Suspicious how? Satoshi's rhetoric (right down to the genesis block quote) was clearly directed right at the heart of the crisis. Whether that was really a motivation for the project or opportunistic marketing is unclear though.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: HeliKopterBen on December 16, 2014, 09:56:41 PM

Quote from: cypherdoc on December 16, 2014, 07:23:51 PM

“We couldn’t imagine what’s happening in our worst nightmare even a year ago,” Shvetsov, who oversees financial markets at the central bank, said yesterday.

http://mobile.bloomberg.com/news/2014-12-16/russia-crisis-hits-pimco-fund-wipes-out-options-as-ruble-sinks.html

I've been warning about this shit for months now right here. The charts have been forecasting this. Get yourselves to safety.

"He said the surprise interest-rate increase in the middle of the night, a 6.5 percentage-point move that failed to stem the run on the ruble yesterday"

This proves that central banks cannot control the value of a currency. Eventually the USD should have the same fate.

they certainly do seem to be able to bully it around for certain time periods; often longer than we can imagine. but you're right, every once in a while they do lose control and things get ugly. i find it very suspicious that Bitcoin popped up organically in 2009, right after the crisis. it sure seems like it is poised to radically change the game.

HeliKopterBen

hero member

Activity: 622

Merit: 500

Quote from: cypherdoc on December 16, 2014, 07:23:51 PM

“We couldn’t imagine what’s happening in our worst nightmare even a year ago,” Shvetsov, who oversees financial markets at the central bank, said yesterday.

http://mobile.bloomberg.com/news/2014-12-16/russia-crisis-hits-pimco-fund-wipes-out-options-as-ruble-sinks.html

I've been warning about this shit for months now right here. The charts have been forecasting this. Get yourselves to safety.

"He said the surprise interest-rate increase in the middle of the night, a 6.5 percentage-point move that failed to stem the run on the ruble yesterday"

This proves that central banks cannot control the value of a currency. Eventually the USD should have the same fate.

Melbustus

legendary

Activity: 1722

Merit: 1004

Quote from: solex on December 16, 2014, 09:18:21 PM

Oh well, always next year...

It's too bad the 2013 rally didn't start 2 months later than it did. Then the bubble would've been entirely contained within 2014 and we'd be talking about how bitcoin is UP over 50% during the year...

But whatever. The media can spin a 2500% 2yr ROI however they want.

Topic: Gold collapsing. Bitcoin UP. - page 616. (Read 2032266 times)