Gold collapsing. Bitcoin UP. - page 867.

Bagatell

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Quote from: cypherdoc on October 14, 2014, 12:14:17 PM

Quote from: Melbustus on October 14, 2014, 12:11:58 PM

Quote from: FNG on October 14, 2014, 11:56:31 AM

"Bitcoin, the currency, is a risky investment. But the potential of technologies that underpin it to disrupt the finance sector is looking like a safe bet. "

http://www.economistinsights.com/technology-innovation/analysis/money-no-middleman/tab/1

Therefor..bitcoin is a safebet.

This is yet another instance of the common misunderstanding among finance/econ people that the currency and the blockchain are separable.

But it's good that these people are seeing value in "the underlying technology". They did not 2 years ago.

And I suspect that sometime in the next 2 years or so, it's going to dawn on a lot of these people that you can't use the technology without the unit/currency.

and then we win.

They won't even notice. They prefer the shiny stuff.

hdbuck

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Activity: 1260

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The way i see it:

Bitcoin's disruptive app: blockchain
Bitcoin's fondamental app: unit of account
Bitcoin's killer app: decentralized trustlessness

Combined, these somehow reminds me of the Trinity: the Father, the Son and the Holy Spirit. Bond together. Forever.

cypherdoc

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Activity: 1764

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Quote from: Melbustus on October 14, 2014, 12:11:58 PM

Quote from: FNG on October 14, 2014, 11:56:31 AM

"Bitcoin, the currency, is a risky investment. But the potential of technologies that underpin it to disrupt the finance sector is looking like a safe bet. "

http://www.economistinsights.com/technology-innovation/analysis/money-no-middleman/tab/1

Therefor..bitcoin is a safebet.

This is yet another instance of the common misunderstanding among finance/econ people that the currency and the blockchain are separable.

But it's good that these people are seeing value in "the underlying technology". They did not 2 years ago.

And I suspect that sometime in the next 2 years or so, it's going to dawn on a lot of these people that you can't use the technology without the unit/currency.

and then we win.

NewLiberty

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Activity: 1204

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Gresham's Lawyer

Quote from: thezerg on October 14, 2014, 12:09:31 PM

Quote from: cypherdoc on October 14, 2014, 11:19:43 AM

Quote from: NewLiberty on October 14, 2014, 11:09:16 AM

Quote from: cypherdoc on October 14, 2014, 11:01:04 AM

here we have a peek that Bitcoin may in fact sneek in the backdoor and become the world's reserve currency unbeknownst to the IMF and banksters. they are adopting the Andreas way of looking at Bitcoin (the currency as simply the first app), which i still maintain is fundamentally in error:

There was recognition that such protocols could serve as an “initial layer” upon which platforms of fully blown payment systems could be built.

http://www.coindesk.com/imf-world-bank-panellists-discuss-block-chains-potential/

let them start building and come to the realization that the blockchain can't work w/o the currency.

Not just the first app, the foundation app.

that's a much better way to put it.

LOL @ esperanto. there are SOME small differences... like being able to accept Bitcoin using your phone in about 5 min. Compare that to learning esperanto (2+ years), or even accepting a credit card (a week+ for the signup & to receive the reader, etc).

This is a wonderful experience that I repeat as often as I can. I tend to wear some bitcoin bling most of the time. A key chain, a pin, something.
I get a question about it from a stranger. Rather than answer, I offer to show them.

"Do you have a phone? A smart phone?"

And it goes from there. 5 minutes later, they have some bitcoin, and something to show off to their friends.
They are hooked.

Melbustus

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Activity: 1722

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Quote from: FNG on October 14, 2014, 11:56:31 AM

"Bitcoin, the currency, is a risky investment. But the potential of technologies that underpin it to disrupt the finance sector is looking like a safe bet. "

http://www.economistinsights.com/technology-innovation/analysis/money-no-middleman/tab/1

Therefor..bitcoin is a safebet.

This is yet another instance of the common misunderstanding among finance/econ people that the currency and the blockchain are separable.

But it's good that these people are seeing value in "the underlying technology". They did not 2 years ago.

And I suspect that sometime in the next 2 years or so, it's going to dawn on a lot of these people that you can't use the technology without the unit/currency.

thezerg

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Activity: 1246

Merit: 1010

Quote from: cypherdoc on October 14, 2014, 11:19:43 AM

Quote from: NewLiberty on October 14, 2014, 11:09:16 AM

Quote from: cypherdoc on October 14, 2014, 11:01:04 AM

here we have a peek that Bitcoin may in fact sneek in the backdoor and become the world's reserve currency unbeknownst to the IMF and banksters. they are adopting the Andreas way of looking at Bitcoin (the currency as simply the first app), which i still maintain is fundamentally in error:

There was recognition that such protocols could serve as an “initial layer” upon which platforms of fully blown payment systems could be built.

http://www.coindesk.com/imf-world-bank-panellists-discuss-block-chains-potential/

let them start building and come to the realization that the blockchain can't work w/o the currency.

Not just the first app, the foundation app.

that's a much better way to put it.

LOL @ esperanto. there are SOME small differences... like being able to accept Bitcoin using your phone in about 5 min. Compare that to learning esperanto (2+ years), or even accepting a credit card (a week+ for the signup & to receive the reader, etc).

FNG

hero member

Activity: 588

Merit: 500

"Bitcoin, the currency, is a risky investment. But the potential of technologies that underpin it to disrupt the finance sector is looking like a safe bet. "

http://www.economistinsights.com/technology-innovation/analysis/money-no-middleman/tab/1

Therefor..bitcoin is a safebet.

cypherdoc

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Merit: 1002

https://twitter.com/cypherdoc2/status/522066278740422656

sidhujag

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Quote from: bitrider on October 14, 2014, 11:27:11 AM

Hey Cypher - looks to me like the gold/btc correlation is pretty strongly positive. Even over months + time frame. Look different to you? Is this just due to dollar moves or more fundamental?

bitcoin acting as a safe haven its a great sign that trust is growing amongst the elite

bitrider

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Hey Cypher - looks to me like the gold/btc correlation is pretty strongly positive. Even over months + time frame. Look different to you? Is this just due to dollar moves or more fundamental?

cypherdoc

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cypherdoc

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Merit: 1002

Quote from: Bagatell on October 14, 2014, 11:11:23 AM

Quote from: cypherdoc on October 14, 2014, 11:01:04 AM

here we have a peek that Bitcoin may in fact sneek in the backdoor and become the world's reserve currency unbeknownst to the IMF and banksters.

Linux - servers - Android

yep, such an elegant progression.

cypherdoc

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Quote from: NewLiberty on October 14, 2014, 11:09:16 AM

Quote from: cypherdoc on October 14, 2014, 11:01:04 AM

here we have a peek that Bitcoin may in fact sneek in the backdoor and become the world's reserve currency unbeknownst to the IMF and banksters. they are adopting the Andreas way of looking at Bitcoin (the currency as simply the first app), which i still maintain is fundamentally in error:

There was recognition that such protocols could serve as an “initial layer” upon which platforms of fully blown payment systems could be built.

http://www.coindesk.com/imf-world-bank-panellists-discuss-block-chains-potential/

let them start building and come to the realization that the blockchain can't work w/o the currency.

Not just the first app, the foundation app.

that's a much better way to put it.

Bagatell

hero member

Activity: 722

Merit: 500

Quote from: cypherdoc on October 14, 2014, 11:01:04 AM

here we have a peek that Bitcoin may in fact sneek in the backdoor and become the world's reserve currency unbeknownst to the IMF and banksters.

Linux - servers - Android

NewLiberty

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Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: cypherdoc on October 14, 2014, 11:01:04 AM

here we have a peek that Bitcoin may in fact sneek in the backdoor and become the world's reserve currency unbeknownst to the IMF and banksters. they are adopting the Andreas way of looking at Bitcoin (the currency as simply the first app), which i still maintain is fundamentally in error:

There was recognition that such protocols could serve as an “initial layer” upon which platforms of fully blown payment systems could be built.

http://www.coindesk.com/imf-world-bank-panellists-discuss-block-chains-potential/

let them start building and come to the realization that the blockchain can't work w/o the currency.

Not just the first app, the foundation app.

cypherdoc

legendary

Activity: 1764

Merit: 1002

here we have a peek that Bitcoin may in fact sneek in the backdoor and become the world's reserve currency unbeknownst to the IMF and banksters. they are adopting the Andreas way of looking at Bitcoin (the currency as simply the first app), which i still maintain is fundamentally in error:

There was recognition that such protocols could serve as an “initial layer” upon which platforms of fully blown payment systems could be built.

http://www.coindesk.com/imf-world-bank-panellists-discuss-block-chains-potential/

let them start building and come to the realization that the blockchain can't work w/o the currency.

TonyT

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Activity: 210

Merit: 100

Quote from: cbeast on October 14, 2014, 10:49:49 AM

Bitcoin $447 on localbitcoins, the only true global marketplace.

This thread is going on for two years now? Grow up! LOL. I'm a goldbug but also a fan of bitcoin! :-)

I'm not a chartist, but if I was, you would see Bitcoin's chart looks ugly, a steady decline from the high with no sign of an uptrend. Just stating the obvious...

TonyT

cbeast

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Let's talk governance, lipstick, and pigs.

Bitcoin $447 on localbitcoins, the only true global marketplace.

NotLambchop

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Merit: 254

Quote from: FNG on October 14, 2014, 09:02:09 AM

Dow looks to be going red again

Bitcoin price drops 5% in the last 6 hrs. Bullish! Cheesy

FNG

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Merit: 500

Dow looks to be going red again

Topic: Gold collapsing. Bitcoin UP. - page 867. (Read 2032266 times)