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i have a new slogan:
Bitcoin UP, everything else DOWN.
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gold accounts have 3rd party risk. It's not like you can load up your gold card shortly before each purchase like you could with a bitcoin card.
i said credit card not pre-paid card There. Gold is best for settling very large balances. The smaller the account, the more risk is assumed by the client due to the need for trusting the service provider. no, its not there. why can't Bitcoin be used for the same purposes? besides, most cc users are small-fry making gold backing impractical. as chodpaba is fond of saying, once u put an abstraction layer btwn gold and a paper promise u introduce unacceptable counterparty risk. edit: oops. i missed that bolded edit u inserted. perhaps i misunderstood u. |
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been buying gold and silver (maiinly silver) since 2008. when i discovered the silk road and realized btc is the future i have considered selling my physical gold and buying btc or btc mining equipment. but i will not sell my physical silver.
+ 1 for selling gold for btc
 Now why won't WordPress accept gold? |
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MatthewLM was convinced to buy his first Bitcoin only a few months ago.
are you sure about that? "Date Registered: June 09, 2011, 02:03:26 PM" i am. he came onto my gold thread and announced it. i'm too lazy to hunt for it but i'm almost sure. |
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MatthewLM was convinced to buy his first Bitcoin only a few months ago.
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Whatever the reason, we don’t think an individual blogger from Haiti, Ethiopia, or Kenya should have diminished access to the blogosphere because of payment issues they can’t control. Our goal is to enable people, not block them."
me too! |
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you have any idea how many bloggers use WordPress? lots.
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And by the way no drawing lines on charts is going to help you in a situation like this. See you later bears!
oh yes it does. i've been predicting a breakout. |
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i have a concern with MatthewLM. mine comes from an extensive exposure to his knowledge (or more appropriately lack of) surrounding basic economics. he has consistently trolled me in my gold thread and said many inappropriate things. not that i may not have deserved it but i honestly feel he does not have a full understanding of what's going on in the financial world today. in other threads, i have had to actually teach and explain to him concepts about the Federal Reserve and its balance sheet, etc. Satoshi's brilliance comes from how he artfully integrated a proper understanding of code, economics, cryptography, mathematics, and human behavior all into one project. MatthewLM does not impress me at all in this regard.
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were you trapped at the top here?:  here?:  or here?:  heaven help you. |
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Oh come on...
i have to get going now... but when i come back, i will explain why you are wrong.
Haha, don't worry about it, I'm sticking with my analogy  1. Bitcoin has no centralized authority who can issue more currency 2. Bitcoin has no centralized authority to peg it to a particular valuation in terms of USD There are many more differences, but these two explain why your analogy doesn't hold when looking at Bitcoin's interaction with traditional economics. correct. Bitcoin's very existence is evidence of its interaction with the real economy. what message did Satoshi publish in the first block? just b/c the economy isn't the size we'd all like so far doesn't not mean the interaction is not there. its just at a nascent level. |
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Zerohedge and affirmation.
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Naw I'm not selling  . I bought some GPL today actually! The Fed is still printing.. already down... |
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