Gold collapsing. Bitcoin UP. - page 963.

rocks

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Quote from: cypherdoc on September 11, 2014, 02:56:52 PM

Quote from: inca on September 11, 2014, 02:53:58 PM

Quote from: cypherdoc on September 11, 2014, 02:51:48 PM

here's the BOE analysis that's already been put up earlier:

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin1.pdf

the only reason i repeat it here is b/c of the last footnote in the Annex of Technical issues where the author mentions the Nash Equilibrium for mining. he must have picked that up from me in this thread as i was the first to identify that concept afaik.

he, and the BOE, are here.

Hi Mark!?

you gotta wonder about the BOE's interest in Bitcoin given that Gordon Brown sold all their gold back in 2000.

For just one day's worth of printing money, either the BOE or FED could purchase enough electricity and equipment to mine enough coins to become a major satoshi-level holder (1M+ coins). I'm just a peon in this game, but it seems for the equivalent of a single day's worth of printing it is a reasonable hedge.

cypherdoc

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Quote from: inca on September 11, 2014, 02:53:58 PM

Quote from: cypherdoc on September 11, 2014, 02:51:48 PM

here's the BOE analysis that's already been put up earlier:

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin1.pdf

the only reason i repeat it here is b/c of the last footnote in the Annex of Technical issues where the author mentions the Nash Equilibrium for mining. he must have picked that up from me in this thread as i was the first to identify that concept afaik.

he, and the BOE, are here.

Hi Mark!?

you gotta wonder about the BOE's interest in Bitcoin given that Gordon Brown sold all their gold back in 2000.

inca

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Quote from: cypherdoc on September 11, 2014, 02:51:48 PM

here's the BOE analysis that's already been put up earlier:

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin1.pdf

the only reason i repeat it here is b/c of the last footnote in the Annex of Technical issues where the author mentions the Nash Equilibrium for mining. he must have picked that up from me in this thread as i was the first to identify that concept afaik.

he, and the BOE, are here.

Hi Mark!?

cypherdoc

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here's the BOE analysis that's already been put up earlier:

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q3digitalcurrenciesbitcoin1.pdf

the only reason i repeat it here is b/c of the last footnote in the Annex of Technical issues where the author mentions the Nash Equilibrium for mining. he must have picked that up from me in this thread as i was the first to identify that concept as it applies to mining afaik.

he, and the BOE, are here.

Quote from: cypherdoc on August 04, 2014, 11:22:49 AM

it looks to me that mining would be best described as being in a Pure Strategy Nash Equilibrium - cypherdoc
Highlights are mine:

"A pure strategy Nash equilibrium is a profile of strategies such that each player’s (miner's) strategy is a best response ((results in the highest available payoff (block reward)) against the equilibrium strategies of the other players (miners).

A pure strategy Nash equilibrium only requires that the action taken by each agent (miner) be best against the actual equilibrium actions taken by the other players (miners), and not necessarily against all possible actions of the other players (miners). In other words, it's expected for some miners to be malicious.

A Nash equilibrium has the nice property that it is stable: if each player expects 'a' to be the profile of actions played, then no player (miner) has any incentive to change his or her action (no incentive to start cheating). In other words, no player (miner) regrets having played the action that he or she played in a Nash equilibrium."

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1968579

sidhujag

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http://blogs.wsj.com/moneybeat/2014/09/11/heres-what-the-bank-of-england-thinks-of-bitcoin/

Starting to think that bitsharesX is the way to go, for trading/speculating/financial instruments and bitcoin for commodity purposes.

cypherdoc

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gold breaking support:

cypherdoc

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Quote from: wachtwoord on September 11, 2014, 12:21:28 PM

Quote from: cypherdoc on September 11, 2014, 11:40:16 AM

there is no reason you should be selling your Bitcoin.

I fixed that for you Wink

so true.

but some ppl just need to hang their hat on something.

wachtwoord

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Quote from: cypherdoc on September 11, 2014, 11:40:16 AM

there is no reason you should be selling your Bitcoin.

I fixed that for you Wink

cypherdoc

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let me emphasize this point once again.

as long as gold and silver are falling, there is no reason you should be selling your Bitcoin.

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DeadCoin

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PMs are in a bear market. It may last for years, it still too early to buy, only 30% have been lost in gold since gold ATH, it still can drop another 50% before recovering and entering a bull market again.

We might see gold sub $800 in a year or two and stay there for a long time.

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Quote from: kodtycoon on September 11, 2014, 10:48:55 AM

Quote from: cypherdoc on September 11, 2014, 10:43:56 AM

that just really a graph of house prices right? so shits guna hit home owners in the not so distant future then?

sure looks like it

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Quote from: cypherdoc on September 11, 2014, 10:43:56 AM

that just really a graph of house prices right? so shits guna hit home owners in the not so distant future then?

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Quote from: adamstgBit on September 11, 2014, 10:05:54 AM

Quote from: cypherdoc on September 11, 2014, 09:58:50 AM

Quote from: adamstgBit on September 11, 2014, 09:53:38 AM

Quote from: wachtwoord on September 11, 2014, 09:41:59 AM

Quote from: adamstgBit on September 11, 2014, 09:38:05 AM

is 18.17 your target for the lowest silver will ever go?

Haha, he means quite the opposite Wink

thats what i though...

silver was hyped up more than bitcoin as a "alt money" to the USD, I think with the invention of bitcoin PM's are now relics, and don't have any chance of becoming "money" again, thats not to say they won't hold some value, shiny relics are Coool, but its going to lose all that speculative "alt money" value b4 stabilizing, I would think... <10$

wait a minute bud. you said you'd be stepping up to buy silver somewhere around here, didn't you?!

yes i am looking to buy some silver, but i'm a buyer lower, i dont really feel the NEED to own some, i just think it would be cool, i've been waiting years now...

wait a few more

adamstgBit

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Quote from: cypherdoc on September 11, 2014, 09:58:50 AM

Quote from: adamstgBit on September 11, 2014, 09:53:38 AM

Quote from: wachtwoord on September 11, 2014, 09:41:59 AM

Quote from: adamstgBit on September 11, 2014, 09:38:05 AM

is 18.17 your target for the lowest silver will ever go?

Haha, he means quite the opposite Wink

thats what i though...

silver was hyped up more than bitcoin as a "alt money" to the USD, I think with the invention of bitcoin PM's are now relics, and don't have any chance of becoming "money" again, thats not to say they won't hold some value, shiny relics are Coool, but its going to lose all that speculative "alt money" value b4 stabilizing, I would think... <10$

wait a minute bud. you said you'd be stepping up to buy silver somewhere around here, didn't you?!

yes i am looking to buy some silver, but i'm a buyer lower, i dont really feel the NEED to own some, i just think it would be cool, i've been waiting years now...

adamstgBit

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Quote from: wachtwoord on September 11, 2014, 09:55:33 AM

Quote from: adamstgBit on September 11, 2014, 09:53:38 AM

Quote from: wachtwoord on September 11, 2014, 09:41:59 AM

Quote from: adamstgBit on September 11, 2014, 09:38:05 AM

is 18.17 your target for the lowest silver will ever go?

Haha, he means quite the opposite Wink

thats what i though...

silver was hyped up more than bitcoin as a "alt money" to the USD, I think with the invention of bitcoin PM's are now relics, and don't have any chance of becoming "money" again, thats not to say they won't hold some value, shiny relics are Coool, but its going to lose all that speculative "alt money" value b4 stabilizing, I would think... <10$

Goat disagrees Wink

(I honestly don't know for periods <10 years. Long term I think PMs will be replaced by crypto as store of value)

i agree,
ironically, i feel these lower prices on the PMs is having a negative impact on bitcoin as bitcoiners understand the idea that there's nothing worst then holding USD's long term, all too well, and are looking to "lock in" there gains in PMs, so naturally as PM falls bitcoiners want to divest into them.

cypherdoc

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Quote from: adamstgBit on September 11, 2014, 09:53:38 AM

Quote from: wachtwoord on September 11, 2014, 09:41:59 AM

Quote from: adamstgBit on September 11, 2014, 09:38:05 AM

is 18.17 your target for the lowest silver will ever go?

Haha, he means quite the opposite Wink

thats what i though...

silver was hyped up more than bitcoin as a "alt money" to the USD, I think with the invention of bitcoin PM's are now relics, and don't have any chance of becoming "money" again, thats not to say they won't hold some value, shiny relics are Coool, but its going to lose all that speculative "alt money" value b4 stabilizing, I would think... <10$

wait a minute bud. you said you'd be stepping up to buy silver somewhere around here, didn't you?!

cypherdoc

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Quote from: wachtwoord on September 11, 2014, 09:55:33 AM

Goat disagrees Wink

the lower silver goes, the richer Goat becomes Wink

Topic: Gold collapsing. Bitcoin UP. - page 963. (Read 2032274 times)