Not sure I get it. What does it actually mean?
Topic: Jim Rickards endorses Bitcoin - page 3. (Read 6632 times)
From his tweeter :
https://twitter.com/Joshua_Muller/status/315646460232343552
Like many who are probably not tech-savy enough, he's taking the conservative route and says that he's still learning. I'm OK with that, it's not an easy thing to understand, and it's better than promoting bitcoin while you have no clue.
Quote from: @Joshua_Muller
@JamesGRickards endorses #Bitcoin! "As Cyprus Implodes, Bitcoin Interest Explodes" | Fox Business http://fxn.ws/105VG0m via @foxbusiness
Quote from: @JamesGRickards
@Joshua_Muller @FoxBusiness It's not an endorsement, just an observation. #Bitcoin will grow, but it has its own issues.
Quote from: @Joshua_Muller
@JamesGRickards When you say #Bitcoin has its own issues, what issues are you referring to?
Quote from: @JamesGRickards
@Joshua_Muller I'm still learning, keeping an open mind. But can't forget the #Linden.
Quote from: @Joshua_Muller
@JamesGRickards #Bitcoin is unique from all other digital currencies and is decentralized. This article explains: http://evoorhees.blogspot.com/2012/04/bitcoin-libertarian-introduction.html …
https://twitter.com/Joshua_Muller/status/315646460232343552
Like many who are probably not tech-savy enough, he's taking the conservative route and says that he's still learning. I'm OK with that, it's not an easy thing to understand, and it's better than promoting bitcoin while you have no clue.
Who's next? Jim Rogers? 
Sounds like the bugs are starting to like bitcoin.
Bitcoin Bugs
Oh NO!!! AGAIN??? Can't stand another fork!!!Bitcoin Bugs
SELLL!!!!!!
Rickards is a smart guy, and doesn't speak lightly. He's been aware of Bitcoin for a while, but it's meaningful that he has choosen to speak out now...
I highly recommend "Currency Wars" btw.
I highly recommend "Currency Wars" btw.
Indeed. And I might add, he's not a crazy conspiracy nut goldbug. Which means BIG money is listening to him.
In defense of CCNGs everywhere, all metal bugs have a little bit of the conspiracy nut in them or else they'd trust the bankers' TP without question like any good herd animal does.
great media story and all legit bitcoin businesses should take note of fox news, bloomberg, BBC, most recent positive press of bitcoin without much highlighting of the 'red light district' places (SR) to use bitcoin
this is where i think mtgox is starting to get it right, with all the DDos and issues where it cant handle the strain of the community when activity starts. they are improving their infrastructure. as said in the interview "nascent infrastructure" meaning starting up, not yet fully developed. i would like to soon see many or all legit bitcoin businesses have "established infrastructure" which can cope with main stream demand.
and by this i dont just mean a well known brand name thats been around a few years, i mean robust systems and servers, as it made me laugh where thousands of people in 2012 were relying on blockchain.info which was being run on a mac mini.. great for starting up, but now its time to up the game and get things more robust.
and with that ill leave you with this to think about.
this is where i think mtgox is starting to get it right, with all the DDos and issues where it cant handle the strain of the community when activity starts. they are improving their infrastructure. as said in the interview "nascent infrastructure" meaning starting up, not yet fully developed. i would like to soon see many or all legit bitcoin businesses have "established infrastructure" which can cope with main stream demand.
and by this i dont just mean a well known brand name thats been around a few years, i mean robust systems and servers, as it made me laugh where thousands of people in 2012 were relying on blockchain.info which was being run on a mac mini.. great for starting up, but now its time to up the game and get things more robust.
and with that ill leave you with this to think about.
It only takes about 1% of the current private-investment demand for gold moving to bitcoin to get the exchange rate over $1000/btc.
I would think that more important than getting money into BTC would be getting the infrastructure to properly handle that money. It BTC gets real investors and the market really goes big then A) it could be completely manipulated by one big player and B) if Mt.Gox or another exchange or online wallets get hacked or some large fund ends up a scam then people are going to abandon it instantly and never look back. When that magic moment happens that bitcoin really does make the jump from novelty to known the world round you're only going to get one shot at proving your reliability as a store of value and poorly managed websites and an exchange that slows to a crawl are not going to convince people.No real investor is going to want their money in something that has 14 minute lag on the primary exchange and swings 10+% up and down during that time.
It only takes about 1% of the current private-investment demand for gold moving to bitcoin to get the exchange rate over $1000/btc.
This is great. Rickards is a legend.
yep, he is.
it always amazes me how fast he can talk with nary an "uh" or "uhm" moving from concept to concept seamlessly while repeatedly injecting new insight after insight.
smart guy.
It's a big deal that Rickards has noticed and essentially endorsed Bitcoin. And he is one of the quintessential goldbugs.
Indeed. And I might add, he's not a crazy conspiracy nut goldbug. Which means BIG money is listening to him.
I endorse his book: currency wars.
Quote
[Wc=156737.msg1661974#msg1661974 date=1364022909]
Sounds like the bugs are starting to like bitcoin.
Bitcoin Bugs
Sounds like the bugs are starting to like bitcoin.
Bitcoin Bugs
Starting?
What am I, chopped liver?
yeah this is really a big deal!
now the big money might be getting in, as they trust Jim´s discernment in economics
now the big money might be getting in, as they trust Jim´s discernment in economics
This is the best news all week. Rickards has always said that flight from the dollar is a done deal. Now that he's endorsed Bitcoin, many folks that heed his advice will see Bitcoin as a legitimate path away from the dollar equal to PMs.
Yes, it's a big deal.
At one time, Rick Perry was the the front runner for the republican candidacy (before the "oops" moment).
He said the most important thing he learnt during his campaign was reading Jim Rickard's book, "currency wars"
Is it just me or is news regarding bitcoin getting allot more positive recently?
Awesome, but if I had to guess, problems in fiat currency land have no relation to bitcoin's success, any more than problems with a popular typewriter model pushed up word processing software sales.
People who buy bitcoin are expecting the market to choose it over fiat as it currently exists, not over fiat as it might exist in some worst case scenario.
Safe havens are large cap currencies in other countries, and gold, not bitcoin. Bitcoin is a speculative investment into an emerging technology.
People who buy bitcoin are expecting the market to choose it over fiat as it currently exists, not over fiat as it might exist in some worst case scenario.
Safe havens are large cap currencies in other countries, and gold, not bitcoin. Bitcoin is a speculative investment into an emerging technology.
Sounds like the bugs are starting to like bitcoin.
Bitcoin Bugs
Bitcoin Bugs
Very cool...I always like listening to his interviews.
This is great. Rickards is a legend.
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