Gold collapsing. Bitcoin UP. - page 934.

cypherdoc

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Quote from: Melbustus on September 21, 2014, 10:22:58 PM

WSJ: "Is It Time to Invest in Bitcoin?"

http://online.wsj.com/articles/how-to-deficer-cryptocurrencies-1411333011

Well, they got the title right, but degrades to quotes from Rickards shilling for theoretic alt-platforms toward the end. :/

James Rickards, a financier and author, says he sees potential in technologies that process faster, cheaper and more transparent exchanges that go beyond trading money. Companies using these new technologies, he says, "allow consumers to buy products or to send payments in seconds at a fraction of the cost" of regular currency.

that's actually very good for him

Melbustus

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Quote from: cypherdoc on September 21, 2014, 09:57:21 PM

Quote from: Melbustus on September 21, 2014, 09:51:44 PM

Quote from: cypherdoc on September 21, 2014, 09:46:30 PM

10yr UST futures Note turning up tonite. Moar black hole sh*t:
...

USTs will be the last man standing.

at the expense of the USD?

Yup.

Just like Japan is doing with the Yen. Buy all the bonds! M2 be damned!

Melbustus

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WSJ: "Is It Time to Invest in Bitcoin?"

http://online.wsj.com/articles/how-to-deficer-cryptocurrencies-1411333011

Well, they got the title right, but degrades to quotes from Rickards shilling for theoretic alt-platforms toward the end. :/

cypherdoc

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the tinder is still to be lit:

cypherdoc

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Quote from: Melbustus on September 21, 2014, 09:51:44 PM

Quote from: cypherdoc on September 21, 2014, 09:46:30 PM

10yr UST futures Note turning up tonite. Moar black hole sh*t:
...

USTs will be the last man standing.

at the expense of the USD?

cypherdoc

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starting to get a rally on Finex

cypherdoc

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they're still hitting the asks:

Melbustus

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Quote from: cypherdoc on September 21, 2014, 09:46:30 PM

10yr UST futures Note turning up tonite. Moar black hole sh*t:
...

USTs will be the last man standing.

cypherdoc

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10yr UST futures Note turning up tonite. Moar black hole sh*t:

Adrian-x

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Quote from: Zarathustra on September 21, 2014, 05:07:40 PM

Quote from: Adrian-x on September 20, 2014, 10:42:57 AM

Quote from: Zarathustra on September 20, 2014, 02:15:41 AM

Quote from: Adrian-x on September 19, 2014, 04:02:14 PM

Quote from: Zarathustra on September 19, 2014, 03:52:07 AM

Quote from: Adrian-x on September 18, 2014, 03:50:07 PM

Quote from: devphp on September 18, 2014, 03:26:51 PM

Quote from: Melbustus on September 18, 2014, 03:23:23 PM

Before the agricultural revolution, it took humanity about one million years on average to develop enough infrastructure/capability to support an additional one million humans living at subsistence levels. After the agricultural revolution, that changed to talking only a few hundred years. Now, after the industrial revolution, that takes 90 minutes on average.

There are huge side effects:
http://www.worldwildlife.org/threats/soil-erosion-and-degradation

That's important but the kicker is overall economic growth, we're moving from a meme of more to a meme of better. The problem is the centers of control are working from the ideology of Co opting / controlling the supply of more. Monopolies have no value when people find alternatives, micro electronics, alternate energy and food security technologies like aquaponics (oh and money) are reshaping everything.

Forget it, Adrian.

In economics, the Jevons paradox (/ˈdʒɛvənz/; sometimes Jevons effect) is the proposition that as technology progresses, the increase in efficiency with which a resource is used tends to increase (rather than decrease) the rate of consumption of that resource.[1] In 1865, the English economist William Stanley Jevons observed that technological improvements that increased the efficiency of coal-use led to the increased consumption of coal in a wide range of industries. He argued that, contrary to common intuition, technological improvements could not be relied upon to reduce fuel consumption.[2]

The issue has been re-examined by modern economists studying consumption rebound effects from improved energy efficiency. In addition to reducing the amount needed for a given use, improved efficiency lowers the relative cost of using a resource, which tends to increase the quantity of the resource demanded, potentially counteracting any savings from increased efficiency. Additionally, increased efficiency accelerates economic growth, further increasing the demand for resources. The Jevons paradox occurs when the effect from increased demand predominates, causing resource use to increase

http://en.wikipedia.org/wiki/Jevons_paradox

I'm aware of Jevons_paradox, but much smarter people than me (Satosi) know it's only supply and demand that brings it into equilibrium. The divergence in usage as a result of innovation also express it's self in an economy as art and culture ultimately this is enriched experiences.

We won't find a comfortable equilibrium with constant economic growth as managed under the target of central banks.

With or without central banks: "a comfortable equilibrium with constant economic growth" is an oxymoron.
An economy is a collectivist organisation (state bastard), and:

"Essentially, the economy is an engine that transforms resources into waste."

http://www.financialsense.com/contributors/ugo-bardi/2011/07/22/entropy-peak-oil-and-stoic-philosophy-part-2

An economy is by extension part of an ecosystem, entropy is a feature, one which drives the evolution of life. Waste as president in you referenced material is a byproduct of an economy artificially stimulated by monetarist policy.

The homo oeconomicus is an artificially stimulated homo sapiens. Monetarist policies are a byproduct of that artificial life.

Touche, but I'm of the opinion we're seeing evolution in progress of a more powerful meme, it is taking hold in this very thread not only usurping the central bank (the armory of the monetarists) but its former long standing champion gold.

But just after writing "waste = food" I realised there is one type of waste which is actually waste and that is spent uranium.

cypherdoc

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Markets are very active in the early Asian trading session (following the G-20-'s warnings over excess risk-taking). Precious metal liquidations continue with silver bearing the brunt (back below pre-Lehman levels) and gold down modestly. Stocks from China to US are all down notably too. The USD is weakening as EUR strengthens on the back of ECB comments about the possibility of no more stimulus and chatter that the PBOC may be selling USDs. Treasury yields are down (having retraced all FOMC losses). Iron Ore futures in Singapore just hit a record low below $80

http://www.zerohedge.com/news/2014-09-21/liquidations-continue-stocks-dollar-slide-precious-metals-pounded-asia-trading

cypherdoc

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Dow futures -72

cypherdoc

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buyers are hitting the asks on Stamp:

cypherdoc

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Quote from: molecular on September 21, 2014, 03:10:43 PM

shorts on bfx at 1 month (or longer) high > 10 kBTC

yeah, i like the looks of that.

cypherdoc

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i'll say it again.

as long as gold and silver are falling, there is no reason to sell Bitcoin. if fact, you should be buying Bitcoin.

b/c when the next crisis comes, and there will be another crisis, there will be no other fixed supply safe haven asset to run to other than Bitcoin. for all the reasons i've outlined throughout these gold threads over the past few years, gold has failed at its historical role as an enforcer to fiat abuse from central banks. that could not be clearer at this point.

cypherdoc

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like i said Friday, wouldn't it be "fitting" if the world's largest IPO ever, BABA, top ticked the stock mkt while Bitcoin bottomed.

to be clear, there is no technical evidence that we've topped in the stock mkt. absolutely none of my indicators have confirmed any top at all. it's just a feel and a matter of timing that bothers me. we're way overdue for a cyclical downturn. some ppl operate off a 7 yr cycle implying the earliest for a down turn being 2015. problem is, i work off a 4 yr cycle, which is way over extended. we'll see.

the way the USD (poking over resistance) and UST's (TLT bottoming) are setting up and the way that commodities, especially gold and silver, are heading down, one would be wise to be on high alert for a deflationary event.

cypherdoc

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gold and the Dow futures aren't doing any better:

cypherdoc

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oh my. we've entered silver free fall. there's no support until about 13.43:

Zarathustra

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Quote from: Adrian-x on September 20, 2014, 10:42:57 AM

Quote from: Zarathustra on September 20, 2014, 02:15:41 AM

Quote from: Adrian-x on September 19, 2014, 04:02:14 PM

Quote from: Zarathustra on September 19, 2014, 03:52:07 AM

Quote from: Adrian-x on September 18, 2014, 03:50:07 PM

Quote from: devphp on September 18, 2014, 03:26:51 PM

Quote from: Melbustus on September 18, 2014, 03:23:23 PM

Before the agricultural revolution, it took humanity about one million years on average to develop enough infrastructure/capability to support an additional one million humans living at subsistence levels. After the agricultural revolution, that changed to talking only a few hundred years. Now, after the industrial revolution, that takes 90 minutes on average.

There are huge side effects:
http://www.worldwildlife.org/threats/soil-erosion-and-degradation

That's important but the kicker is overall economic growth, we're moving from a meme of more to a meme of better. The problem is the centers of control are working from the ideology of Co opting / controlling the supply of more. Monopolies have no value when people find alternatives, micro electronics, alternate energy and food security technologies like aquaponics (oh and money) are reshaping everything.

Forget it, Adrian.

In economics, the Jevons paradox (/ˈdʒɛvənz/; sometimes Jevons effect) is the proposition that as technology progresses, the increase in efficiency with which a resource is used tends to increase (rather than decrease) the rate of consumption of that resource.[1] In 1865, the English economist William Stanley Jevons observed that technological improvements that increased the efficiency of coal-use led to the increased consumption of coal in a wide range of industries. He argued that, contrary to common intuition, technological improvements could not be relied upon to reduce fuel consumption.[2]

The issue has been re-examined by modern economists studying consumption rebound effects from improved energy efficiency. In addition to reducing the amount needed for a given use, improved efficiency lowers the relative cost of using a resource, which tends to increase the quantity of the resource demanded, potentially counteracting any savings from increased efficiency. Additionally, increased efficiency accelerates economic growth, further increasing the demand for resources. The Jevons paradox occurs when the effect from increased demand predominates, causing resource use to increase

http://en.wikipedia.org/wiki/Jevons_paradox

I'm aware of Jevons_paradox, but much smarter people than me (Satosi) know it's only supply and demand that brings it into equilibrium. The divergence in usage as a result of innovation also express it's self in an economy as art and culture ultimately this is enriched experiences.

We won't find a comfortable equilibrium with constant economic growth as managed under the target of central banks.

With or without central banks: "a comfortable equilibrium with constant economic growth" is an oxymoron.
An economy is a collectivist organisation (state bastard), and:

"Essentially, the economy is an engine that transforms resources into waste."

http://www.financialsense.com/contributors/ugo-bardi/2011/07/22/entropy-peak-oil-and-stoic-philosophy-part-2

An economy is by extension part of an ecosystem, entropy is a feature, one which drives the evolution of life. Waste as president in you referenced material is a byproduct of an economy artificially stimulated by monetarist policy.

The homo oeconomicus is an artificially stimulated homo sapiens. Monetarist policies are a byproduct of that artificial life.

molecular

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shorts on bfx at 1 month (or longer) high > 10 kBTC

Topic: Gold collapsing. Bitcoin UP. - page 934. (Read 2032272 times)