Topic: Martin Armstrong Discussion - page 209. (Read 647176 times)

I remember in the 1980s when my baby stepbrother flushed his massive Pampers and we had to remove the toilet.

Which is why I'm buying a 40' catamaran or monohull sailboat.

Epic. I am imagining a massive excavator ripping up the entire block to recover your $billions.

I remember in the 1980s when my baby stepbrother flushed his massive Pampers and we had to remove the toilet.

I agree with Armstrong, as governments get ever more aggressive in taxing their already burdened citizens, immobile property is going to be a big target.

But after the price went to $1050 this was my view:

@Ayers agreed there is new greater fool BTC incoming. The key distinction is that allegedly there is only one coordinated whale/cartel in control (instead of multiple uncoordinated, competing whales) who will run away and let it crash to ~1% of its price in order to conserve their BTC stash in a stampede spiral event (which hasn't happened yet because there is sufficient supply of new fools incoming and the base of the pyramid of hodlers who could stampede is always being diluted relative to the cartel's percent of the money supply by the compounding asymmetrical masternode ROI scheme). Unlike in an aggregate market wherein bagholders could at least get out with say only -80% loss or something reasonable.

It is quite an elaborate scheme. You have to wrap your mind around it holistically. The masternodes are the cartel (technically a masternode isn't a hashrate miner, but because the masternodes are subsidized asymmetrically they can also be the miners then selfish mine and gain more asymmetric rewards).

Please read my post immediately before yours where I replied to @dinofelis's latest post.

Note ETH may be similarly structured but without the masternodes (unless someone has an unreleased more efficient implementation of the ETH PoW algorithm, which I saw someone allege) and with better ecosystem marketing and hype than Dash:

How low do guys think btc will go? I though it was oversold and going up but now it looks rather like a dead cat.

This declining head and shoulders will probably make it dump again then bounce to $1050 or something:



I'm out again at $1168 (no idea why the price is that high right now) and will let this market marinate.

I expected the price to do this already without factoring a BU hardfork in at all.  So right now I feel like the market has not priced in any hardfork.  Meaning if no fork occurs, I guess it can hold this position, but if one does happen, it would likely dump:

@r0ach did you ever figure out who controls Ethereum?

Math matters.

How low do guys think btc will go? I though it was oversold and going up but now it looks rather like a dead cat.

That was the most illogical thing I've ever read.  A bond market meltdown and sovereign debt crisis that threatens the currency itself is not....bullish on stocks.  Just about the only thing it is explicitly bullish for is metals.  I don't really care about tertiary effects of some fund that has more money than it knows what to do with puts money in stocks because it doesn't know what else to do.  All I care about is the trade that maximizes profit and stocks are not going to be it.  Hell, stocks are far more likely to be losing than gaining anything.

That was the most illogical thing I've ever read.  A bond market meltdown and sovereign debt crisis that threatens the currency itself is not....bullish on stocks.

Shorting us debt means buying us stocks currently..

I'll take the exact opposite of that trade.  The main macro level bet someone should be making is shorting the US debt.  Buying stocks is definitely not that trade.  Yea, stocks will benefit from inflation if they monetize the debt from no buyers in the bond market, but it's far more bullish for metals, especially considering the starting point of both assets.  Stocks starting from stupidly high prices and metals in an inverse bubble.  Metals should win any inflation trade, definitely when they also hedge against govt going out of control while stocks don't.

As for bitcoin, while everyone was completely full of shit saying bitcoin was going to skyrocket and metals were going to drop, I sold all bitcoin at $1168 to hold cash on the sidelines and wait for the drop:







Bought more silver at $16.90 too before the fed rate hike increased the price because I knew the bottom is already in on metals without a massive deflationary event.

This is the only outcome from here concerning US debt:

Invest 50% in the DOW index and sell ALL when it hits 40,000 in couple of years.

Invest the rest in Bitcoin and sell half when it exceeds $2000 - $2500 within next year or so.

This market is trading like the DOW right now, artificially levitated.

Price has absolutely no short term upside at all

I'm out again at $1168 (no idea why the price is that high right now) and will let this market marinate.

If you ever thought the debt would not be defaulted on or alternatively devalued by hyperinflation, this mike maloney chart tells you all you need to know about that:  

https://www.youtube.com/watch?v=x7q-73dpBKo

Alternatively, they can do something like revalue gold at $20,000-$50,000 an ounce, but those are basically the only 3 options.  Places like china + india + russia now own such large amounts of gold they have no incentive to force a gold only standard on people because it would make india too powerful, so they don't really have any reason to try and stop silver from rising too.  The profits are almost mindblowingly unbelievable, but I think you will eventually see something like gold $20,000 silver $600.

You'll need a blockchain for any sort of ordered application such as SE, otherwise you will have only chaos.

If you are interested in building apps for the OpenShare project which I am spearheading (but still in a very nascent stage of pre-development) or otherwise being involved in the open source project, there will be Slack of some sort once I ("we") reach that stage. I just not quite prepared yet to unleash the open source avalanche, because I am head-in-the-sand on preliminary work (and 3 more doses away from cutting my daily doses of antibiotics in half, hoping I'll have even more energy soon).

There are many technical issues, so I'd rather not even respond to your Merkle tree point right now. Let's discuss in an appropriate technical setting.

Ipfs certainly doesnt rely on any blockchain. Filecoin and something like hipfish.io help with seeding. Bitcoin can be used for immutable data through merkle root hashing. But bitcoin doesnt have to be used it can be any secure chain. Id be happy to further discuss such a design via pm.. its what im currently thinking about anyway.

Incorrect.

IPFS relies on Bitcoin for unalterable hashes of the data, i.e. there must be a blockchain to record the ordering of first claims to the hash of the data. And we all know that Bitcoin is not decentralized and is doomed.

The blockchain design is the key component. IPFS is just one of many protocols that will be built on top of my OpenShare blockchain. You've got to have the decentralized consensus for the blockchain fixed or nothing else is decentralized which relies on it. And no one has published a solution yet. I claim one though unpublished.

The other egregious flaw with IPFS is it provides no economic model for hosting the data. That is what my OpenShare also proposes to solve with the SHARE token and instant unlimited scaling microtransactions. These are hard technical problems that no one has solved decentralized. Lightning Networks for Bitcoin is not a design that maintains decentralization (and it has other problems I've enumerated else where).

deleted by rene, Shadow Wizard, yannis