Gold collapsing. Bitcoin UP. - page 628.

Melbustus

legendary

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Ryan Charles, via Reddit:

Quote from: ryancarnated

reddit has the potential to make bitcoin mainstream. There is no better company in the world to do this than reddit.

and

Quote from: ryancarnated

Bitcoin technology will ultimately become integral to reddit. We've had some internal brainstorming about ways we could integrate - the possibilities are enormous.

To which I asked:

Quote from: melbustus

"Bitcoin technology" meaning what, exactly? Can you say whether you're going to be using the bitcoin currency and the bitcoin blockchain, versus creating a completely separate currency/blockchain for Reddit's digital assets needs?

And Ryan's response:

Quote from: ryancarnated

Great question! First of all, see Oleg Andreev's excellent article "The universe wants one money": http://blog.oleganza.com/post/54121516413/the-universe-wants-one-money
Competing with bitcoin wouldn't make any sense. Rather than compete, we want to build on and with the bitcoin community. We will not create a currency that competes with bitcoin. Instead, we will leverage the blockchain (The Blockchain, i.e., the bitcoin blockchain), and quite possibly also sidechains, in order to build our technology.
We are not making an altcoin. We are not making an altcoin. We are not making an altcoin.

Reddit thread: https://www.reddit.com/r/blog/comments/2owj55/welcome_drew_ryan_mike_daniel_joe_dave_david/cmr5kjt

sidhujag

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I've been calling a USD bullrun for over 3 years now so I think it has a ways to go still. May escalate when the EUR experiment is over.

cypherdoc

legendary

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20 yr UST (TLT) has been hinting at a RunToSafety, aka, Moar Black Hole Shit:

here's the interesting one, the USD Index. looks like it's topping. if we enter another crisis, i seriously doubt the US will get away with both the USD and UST's rallying like in 2008. we'll have to sacrifice one or the other and it will probably be the USD:

NotLambchop

sr. member

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Quote from: rocks on December 08, 2014, 06:08:22 PM

...

Notice the pattern? ...

Notice the pattern?

cypherdoc

legendary

Activity: 1764

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VIX more than creeping. more like green up the ass. this one should hurt bad:

cypherdoc

legendary

Activity: 1764

Merit: 1002

like i said, gold could go all the way to 1300 in a major head fake. i'll be waiting for you Grin

:

cypherdoc

legendary

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major short term Dow Theory non-conf on the board. makes sense with oil and Baltic Dry plunging along with other commodities except for gold. i think this is real so high alert on stocks:

sickpig

legendary

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We definitely live in a crazy/exciting world:

http://cointelegraph.com/news/113077/venezuelan-politician-buys-out-bankrupt-hashfast

cypherdoc

legendary

Activity: 1764

Merit: 1002

Victory in the battle for the digital wallet may not necessarily go the swiftest, but an over-cautious approach could leave banks trailing in the dust of early adopters.

http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/Frontiers-in-Finance/Pages/virtual-currencies-get-real-fs.aspx

NewLiberty

legendary

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Gresham's Lawyer

Quote from: Peter R on December 08, 2014, 05:28:00 PM

Is anybody here planning to attend the North American Bitcoin Conference in Miami Beach Jan 16 - 18?

http://btcmiami.com

Moe puts on awesome conferences. Miami last year was a blast.

sidhujag

legendary

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Rates will rise by about 2% before implosion

rocks

legendary

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Merit: 1000

Quote from: cypherdoc on December 08, 2014, 04:19:04 PM

crazy, just crazy:

http://www.bloomberg.com/news/2014-12-08/one-hundred-years-of-bond-history-means-bears-destined-to-lose.html

The reason rates can not go up (and bonds go down) is simply because given the about of debt owed the government could not possibly support interest payments if rates went up, even if they only rose to historical averages. Japanification has come to the US. Japan has such a massive debt load that if rates went to 3% interest payments would be higher than tax revenues, i.e. if Japan cut ALL government services they'd still be running a deficit. So rates have been keep at near zero for a long time.

Same thing in the US now. Here is a chart showing the evolution of "forward guidance" on the fed funds rate.

Notice the pattern? They keep saying "trust us rates will go up soon", but then never increase rates. Again and again and again. The reason is simple and easily understood by anyone who can read a balance sheet and cash flow statement, the government simply can not afford higher rates, so the government will never allow rates to increase.

Peter R

legendary

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Is anybody here planning to attend the North American Bitcoin Conference in Miami Beach Jan 16 - 18?

http://btcmiami.com

cypherdoc

legendary

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Merit: 1002

@pmarca:

cypherdoc

legendary

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Merit: 1002

crazy, just crazy:

http://www.bloomberg.com/news/2014-12-08/one-hundred-years-of-bond-history-means-bears-destined-to-lose.html

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: cypherdoc on December 08, 2014, 03:58:31 PM

Quote from: solex on December 08, 2014, 03:37:08 PM

The Cyrpus bail-in was certainly merely coincidental with the April 2013 bitcoin run-up. But what happened to their stockmarket since the credit crisis began?

100 euros invested at the peak becomes 29 cents.

The Greatest Crash in History Revisited

Quote

Let us briefly ponder the mathematics of this wipe-out: when the market was down by 90%, it fell by another 50% at which point it was down 95% from the high. Thereafter, it fell by another 50%, ending down 97.5% from the high. Then it fell by another 50%, at which point it was down 98.75% from the high. Then it fell by 50% again and was down 99.375%. Surely this was bad enough? Nope…it then fell by yet another 50%, landing at 99.6875% down from its 2007 high. Unfortunately, the low was still not quite in yet at that juncture.

http://www.acting-man.com/?p=34594#more-34594

Wow, what a great read.

This is really instructive because, for a small country like Cyprus, the euro is effectively a gold-standard. Normally a country will hyperinflate in great crisis and the equity market will look good. Zimbabwe's stock market was the best performer in 2007 (in local currency terms). The obliteration of the Cypriot equity market began as painful medicine for years of over-exuberance, but the government seizure of private savings, capital flight and rigid capital controls made good money scarce and destroyed confidence - hence the knife-catchers got stabbed.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: solex on December 08, 2014, 03:37:08 PM

The Cyrpus bail-in was certainly merely coincidental with the April 2013 bitcoin run-up. But what happened to their stockmarket since the credit crisis began?

100 euros invested at the peak becomes 29 cents.

The Greatest Crash in History Revisited

Quote

Let us briefly ponder the mathematics of this wipe-out: when the market was down by 90%, it fell by another 50% at which point it was down 95% from the high. Thereafter, it fell by another 50%, ending down 97.5% from the high. Then it fell by another 50%, at which point it was down 98.75% from the high. Then it fell by 50% again and was down 99.375%. Surely this was bad enough? Nope…it then fell by yet another 50%, landing at 99.6875% down from its 2007 high. Unfortunately, the low was still not quite in yet at that juncture.

http://www.acting-man.com/?p=34594#more-34594

Wow, what a great read.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

The Cyprus bail-in was certainly merely coincidental with the April 2013 bitcoin run-up. But what happened to their stockmarket since the credit crisis began?

100 euros invested at the peak becomes 29 cents.

The Greatest Crash in History Revisited

Quote

Let us briefly ponder the mathematics of this wipe-out: when the market was down by 90%, it fell by another 50% at which point it was down 95% from the high. Thereafter, it fell by another 50%, ending down 97.5% from the high. Then it fell by another 50%, at which point it was down 98.75% from the high. Then it fell by 50% again and was down 99.375%. Surely this was bad enough? Nope…it then fell by yet another 50%, landing at 99.6875% down from its 2007 high. Unfortunately, the low was still not quite in yet at that juncture.

http://www.acting-man.com/?p=34594#more-34594

cypherdoc

legendary

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https://oslofreedomforum.com/talks/the-revolution-will-be-encrypted

cypherdoc

legendary

Activity: 1764

Merit: 1002

the creeping VIX:

Topic: Gold collapsing. Bitcoin UP. - page 628. (Read 2032266 times)