I'm not an Armstrong fan because he implies two completely irrational claims, that we live in a deterministic universe, and he somehow built a magical computer to unravel the secrets of said universe, but all the predictions are the equivalent of Chinese fortune cookie proverbs that can be interpreted to mean anything so he can claim he's always right, or that the "timing" of said event has "just been put in motion" but we haven't seen the fruits of it's labor yet.  It's all ambiguous fortune cookie stuff.



It's relative to your native currency.  If you live in the UK, Venezeula, or lots of other places, metals have damn sure been a safe haven.  Things like the Comex and ETFs are trading unallocated metals at 50-100:1 ratio, so that when shit actually hits the fan and there's a run on the fractional reserve metal system, the profits will be ridiculously enormous and I'm 100% sure Armstrong has no idea the date that happens.

This is why the central bankers WANT you to buy Bitcoin instead of silver.  They don't monkey hammer Bitcoin downwards because their metal system is fractional reserve and much more delicate in nature, and having it explode on themselves brings all their criminal activities to light, while Bitcoin going to the moon and replacing metals doesn't.  They get the added bonus that Bitcoin isn't actually decentralized and they can take it over.

You say that the world is short the dollar via debt, the "synthetic" paper gold markets are fractional reserve leveraged something like 100:1 because they only have to account for 1-2% physical delivery per month.  The world is short both dollars and metals, not just dollars.

Armstrong is hyping the defeat of the monarchy in one of those articles.  Once you get past all the bullshit, the senate is just a decentralized tyranny, while a constitutional monarchy actually has a figurehead you can kill if they become tyrants.  The decentralization of tyranny was not a step forward and a constitutional monarchy is actually better in the end.  The only real benefit of decentralizing the tyranny is to average out behavior between somewhat normal people and psychopaths instead of occasionally ending up with a unilateral psychopath leader like Nero.

THE MAT THE CAT REVERSE INDICATOR ON ELECTION IS IN.

The r0ach direct indicator is also in:

Bitcoin going up, 85 cents spread between US and China on silver, and US officially outed as a banana republic by wikileaks with (((media and bankers))) trying to rig the election = the end is near.

I posted about it like a month ago on steemit below.  It's still in rising price discovery phase right now and a rogue China whale can obviously dump at any time and change things, but the chart is still bullish so just wait for signs of a double/triple top and breakdown afterwards (which has not happened yet), and that's all there really is to it.  Everyone is in the same boat.  Market makers don't know how high they can take it before resistance stops it, so you don't know when they are dumping and neither do they.  You might see a handle drop to like 670 or 666 before it regroups and jumps from there, or it might keep running to $720.

The definition of insanity is trying to perfect a system for a given task (decentralization) when the laws governing said technology and diminishing returns inherently give you the opposite of what you're trying to accomplish.  Also, when complex systems collapse (i.e. the entire world economic system) they always revert to a more primitive state, meaning you don't get collapse and jump to an even more complex system (Bitcoin).  

You have things blow up and trend more towards the dark ages spectrum.  Not necessarily a replay of the dark ages, just not as complex as before because the current complexity doesn't provide benefit to the majority of populatioin so they will jump at the chance to bail out and return to simpler times anyway.  EROEI (energy returned on energy invested) stats might force it there too if all the low hanging fruit energy resources are already tapped.

I've never actually changed my view on Bitcoin.  I always said that money is an IOU for goods or services to be rendered by someone else at a future date, so an example of the most ideal form of currency would be blocks of pure energy like in the transformers cartoon - "energon".  They can be redeemed at full face value at any time regardless of externalities even if everyone else on the planet ceases to exist.  

In abscence of having blocks of pure energy available, the next best solution is some type of metastable substance that can be leveraged to do work like a block of oil or coal.  If such a thing is not feasible because of obvious problems with interoperability with renewables like solar and hydro, or hard to exhaust sources like nuclear, the next best thing is a scarce form of matter like metals since matter is energy.

We can all circle jerk from here to eternity pontificating about the ultimate blockchain implementation, but it honestly doesn't matter because Kaczynski was right and all increases in technology inherently lead to increased centralization and loss of freedom.  There are diminishing returns to complexity.  A research team used to be one person (Newton, Tesla, etc), now a research team is 200 Chinese guys of multiple disciplines just to have the possibility in making some kind of advance.

Those 200 people need to blow infinitely more resources compared to their predecessors while also being centrally micromanaged.  Bitcoin follows the same path.  It already took more than one person to make it, now you have this Blockstream thing of people from multidisciplinary fields run as a centralized organization.  

This might not be a problem if Bitcoin had an actual end where you can eventually set it and forget it and disband those groups.  That's the problem with developers, it's hard to make them work, but once they actually start, you can't get rid of them.  

Bitcoin started inadequate for load bearing potential, but even if it was currently 10,000 TPS, people would want 100,000 TPS and you'd still have a Blockstream.  It basically never ends.  You'll always have a small amount of technocrats running the show.  It doesn't really matter if they think they're fighting for freedom or whatever, it's still going to be a perpetual, centralized technocracy in the end.

The only real decentralized currency on the planet earth is silver - gold is cornered by central bankers.  Bitcoin has many characteristics that make it better than fiat currency like not being debt based (issued via borrowing at interest) and not being fractional reserve, but those fundamentals don't even originate from technology itself.  So use Bitcoin for those reasons over fiat until the debt based fiat scam dies, but if the last men standing are gold, silver, and Bitcoin, why willingly enter a technocracy if you don't have to?  

No, you don't put the metal in a bank to back a currency, you use it as the currency in it's native form and burn the paper.  The majority of people are always going to outsource security of their wealth whether it's Bitcoin or metals, so you will always have vaults or banks of some type.  Bitcoin does not get rid of banks.  Even if everyone on the planet was a comp sci major, people would still outsource security of their wealth solely because they have to provide a chain of custody for wills and other such functions.

In the end, we're burning a lot of energy to accomplish most of the same dynamics silver already does.  The reason Bitcoin seems enticing is because debt based fiat is such a giant scam that any type of alternative no matter how ridiculous seems crazy good in comparison.

Well, the MatTheCat reverse indicator and the r0ach direct indicator seems to have worked flawlessly:

(from 1 month ago):

https://steemit.com/money/@r0achtheunsavory/bitcoin-market-in-one-picture-without-commentary

The UN?  Please sire, where can I sign up for your Jewish, debt based, fractional reserve, enslavement coin with negative interest rates?  Hopefully this enterprise will be managed by a trusty Zionist Sith lord located in Tel Aviv?  Maybe Soros himself?  Will the coin have a picture of Karl Marx on it?  Do the coin users get awarded bonus airline miles for practicing cultural marxism, male feminism, or beta male cuckoldry?

It's not really "welcome" for anything.  It's like saying that since the non-debt based greenback was printed on paper, that federal reserve notes printed on paper are also good.  Whatever corporations or governments do with the overused term "blockchain" is always going to be either zero benefit to you or highly negative.

When people see the Zionists using America as a puppet state, playing a game of high stakes chicken with Russia that can result in nuclear war and everyone on the planet dying solely so they can try to expand Israeli territory, they have obviously overstepped their shylock bounds and it's only a matter of time before a military coup de tat happens with people like Soros, Kissinger, the Rothschilds and the rest of them running the media and banks being hunted down internationally.

Last Mat prediction was Bitcoin going to 0 when it was $580 and it went to $640 instead.  We need a new MatTheCat reverse indicator.

It's called the alt-right and guillotines.

But the fact is, no assets exist in a vacuum.  If something like Bitcoin is running strong, it tends to mean fiat is running weak and vice versa.  You can't talk about alts without talking about what the Bitcoin market is doing, and you can't talk about what Bitcoin is doing without talking about fiat, interest rates, debt markets, and things like metals too.

Someone just deleted SIX of my posts, so not me.  The posts deleted were talking about Bitcoin, metals, and economic collapse.  I mean, I'm mentioning cryptocurrency in all of them and they're still deleted..wtf?  Is the PPT moderating Bitcointalk now and doesn't want posts saying people should dump stocks for silver?

I think it's more to do with the problem that Larimer designed the native Steem token to be a toxic asset that you don't want to hold onto due to inflation by design, which is further compounded by the problem that the SBD isn't holding it's peg, and the fact that most people are into cryptocurrency due to seeking "uncorrelated assets" that have no relation to the USD in the first place.  It doesn't fix much, but might as well add a gold and silver peg to address part of that equation.

Come from Beyond started deleting all posts that weren't hyping IOTA so I made a non-censored thread that's up to 18 pages:

IOTA - Permissioned ledger Russian extortion scheme

https://bitcointalk.org/index.php?topic=1414866.0

He then made some bogus shell accounts and started filing fake scam reports against me:



Lol, like it's even possible to scam someone and then do two more trades with the same person afterwards!  I've never even bought or sold BTC using this website.

Why most people, even experts, are going to get crushed in the coming world market collapses and why you HAVE to play the long game:

https://bitcointalk.org/index.php?topic=1413819.msg16583789#msg16583789

Unfortunately for Eth shills, no.