Topic: r0ach's Cryptomarkets Watch & Scamcoin Observer - page 23. (Read 47262 times)

In most countries gold can be easily converted to local fiat and that makes it a sound alternative currency.

Correct, because stop losses are losses. They are not diversification.


Anyone who has more than 25% of their liquid network in crypto (and the rest in instantly illiquid assets such as gold, cash, and land since governments routinely cancel cash, apply capital controls to gold, and can raise taxes egregiously on land causing buyers to run away) at this stage of the imminent global liquidity squeeze as interest rates rise and with the risks of CC failure due to centralization, is either very poor already and gambling with lunch money, or is a high stakes gambler and not a prudent investor.

I voted that I am a Minanarchist, because I live in reality not delusion.

Crypto-anarchists' delusions lead to a totalitarian State., i.e. these tinfoil hats aren't diversified.

So no, from a rational point of view, gold doesn't actually make the most sense unless it can be easily converted, or you're living in a pre-industrial revolution civilization.

Marxists believe that the business cycle can be eliminated. You believe a more perfect money can exist. Same myopia at the highest level of abstraction which is you both don't accept that the universe is composed of partial orders, not totality.

Acknowledging the existence of monopolies doesn't make someone a "Marxist".

You are a Marxist because you want a total order to the universe.

I'll go back to my statement about the only true sound form of money being the theoretical currency used in the transformers cartoon "energon", blocks of energy that can be redeemed at full face value at any given time regardless of externalities.  Lacking such technology, since matter and energy are interchangable, the next most likely candidate is the most easily convertable form of matter, and thus we end up with oil backed currency.

So no, from a rational point of view, gold doesn't actually make the most sense unless it can be easily converted, or you're living in a pre-industrial revolution civilization.  But the problem is, the oil, or most energy sources in general can be cheated with fractional reserve or inflation, so here we are with Bitcoin because gold has lack of granularity, high friction in use, and the same counterparty risk as the oil dollar when it has to go in vaults and be used with IOUs.

TPTB are not entirely in control. Marxism and the entropic force is driving the current outcome, i.e. the Second Law of Thermodynamics. Read my 2010 essay, "Understand Everything Fundamentally".

Tinfoil hats are actually Marxists, because they think central command is possible

or even that gold is some exceptional form of money (as if there is ONE RIGHT WAY)

It is a centrally administered game that will end with a black swan event or controlled demolition by the people who run it, not an orderly walk to the exits predicted by "capital flows".

BitFomo, the argument that the government won't care about the securities law violations in crypto IPOs, instamines, PoS coins, masternode coins, coins paying debasement to the developers (Z.cash), seems reasonable because the elite have bigger fish to fry.

However, the period of 2018 to 2020 is going to be utter scorched earth economic collapse followed by a coordinated monetary reform into a one-world reserve currency system, thus we could see governments become very totalitarian in terms of going after all illegal actions wherein they can confiscate people's money due to some law broken. They will hunt those with significant money, not nickels and dimes.

I would steer clear of violating laws as much as possible, if you have any money. As for thinking you can hide your money from the government in Bitcoin, the centralization (centralized control) of Bitcoin will eventually kill that.

Do you really think TPTB, the mainstream capital flows that are short the dollar+gold+Bitcoin, and the world's socialism is going to allow the "rich" (i.e. the upper middle class) to ride away with gains in gold and Bitcoin as the rest of the people become impoverished by the economic collapse

If you want to ride through this coming apocalypse unscathed, then you need to be extra diligent on not providing simple legal justification for confiscation of your wealth.

r0ach you will end up destitute.

That is my way of saying your conceptualization is incorrect and I don't want to waste my time repeating why. You are entitled to your delusions. Enjoy.

2. On 2015.75, was precisely the event that began WW3 and the stage of the conflict that sent the migrants invading Europe:

But BTC is sterile, and PoW Mining is unprofitable unless your name is CHINA.  Wink
This is just the beginning of the Paradigm Shift from unprofitable PoW mining to profitable PoS mining.

QUESTION: my normal logical mind tells me that whenever interest rates rise, money gets more expensive, so consequently the only true reason for doing so would be that underlying economic data shows the economy is doing well and can do without ‘help’.

A simple mind like I am tells me that a stock index should rise in case of a well doing economy. Instead I only hear markets fear a interest rate hike. Seems to me that the collective wants interest rates remain low, so stockindex growth driven higher by debt.

ANSWER: The fundamentals flipped after the shift from a private to public wave following 1929. Under the pre-1929 economics of laissez-faire, the government did not attempt to manipulate society with monetary policy. They attempted to lower U.S. interest rates to deflect capital inflows back to Europe, but they did not practice manipulating interest rates domestically to try to manage the economy. Therefore, raising interest rates before 1929 was often seen as bullish because it showed there was a demand for borrowing money due to economic expansion.

Today, the fundamentals are interpreted through the eyes of Marxism. Raising interest rates is now considered a punishment to society intended to deter them from borrowing. Yet, deflation involves declining interest rates due to the lack of interest to borrow. Some say that higher rates are bad for stocks, but they are solely looking at it as a punitive measure that will cost people more to borrow. You even have people cheering gold with lower interest rates.

None of this makes any sense economically. Nonetheless, we are looking at a sharp rise in stocks and gold along with rising interest rates, which will confuse everyone. Interest rates are the manifestation of expected inflation. If you think inflation will be 10%, you will lose money if you lend it at 5%. Interest rates are the price of expected inflation alongside the perceived risk.

Therefore, everything will take off to the upside and the majority, whom will be following the Marxist version of fundamentals, will feed the rally because they will be short. This view of fundamentals will eventually flip back, but only when the public at large sees this flip and goes with it. That is the point of no return where confidence in government collapses.

Do you remember a couple months ago when NXT had something like a 5 million dollar market cap with 15 BTC buy support on the only exchange it's traded at?  That guy Kiklo is constantly spamming advertisement for some PoS coin he's a bagholder on that probably isn't even traded on an exchange, yet someone still awarded it a market cap somehow.

some PoS coin he's a bagholder on that probably isn't even traded on an exchange