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13281  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 30, 2012, 08:45:29 PM
yeah, that's about the level of response i'd expect from someone who's got a knot in his stomach.

yeah, that's about the level of response i'd expect from someone who's anus just tightened a few notches. Cheesy

Someone seems to be obsessed with my body... cypherdoc, was this what you were really after when you invited me to go fishing?

At least my phyzzz is safe Smiley

actually i've seen guys with flower vases up their rectums.  perhaps you could hide one of your gold bars up there?  Cheesy
13282  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 30, 2012, 08:30:34 PM
well, i'll tell you what.  if he doesn't say what you want him to say, gold and silver are gonna plunge.

Wink


yeah, that's about the level of response i'd expect from someone who's anus just tightened a few notches. Cheesy
13283  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 30, 2012, 08:24:20 PM
Translation:  Stay calm everyone.  We need order, order.

Nah, it's more fun to watch the technical analysts ignore reason and panic over what Ben may or may not say. It's almost as entertaining as this whole Pirate fiasco. Smiley

well, i'll tell you what.  if he doesn't say what you want him to say, gold and silver are gonna plunge.
13284  Economy / Economics / Re: Does much of gold's market cap eventually go to Bitcoin? on: August 30, 2012, 08:21:48 PM
the wallet that is generated within Armory is deterministic based on a seed and a chain code.  this is distinctly different from the Satoshi client.  this is kept as an offline wallet on a computer only accessible by the owner of a large store in the back room.  "watching wallets"  of this same offline wallet are  placed on computers at the cashier checkout stands.  these watching wallets have the capability of generating a brand new address for each customer that comes thru the store when paying for an item.  these watching wallets do not have private keys associated with them so the cashiers can't steal the btc.  the cool thing about the owner's offline wallet and the cashiers watching wallet is that they generate the same addresses ad nauseum sequentially from the seed and chain code.  the only difference again is that the cashiers watching wallets don't have the private keys.

edit:  i didn't say this quite correctly.  each cashier would have a watching wallet connected to its paired distinct offline deterministic wallet.

Hmm.  I'm going to have to read his source.  That doesn't seem possible to me, unless it is really generating the list of private keys and deleting them.

from etotheipi:

To create a full wallet, you create a Private Key (Priv[0]) and a chaincode (C).
Priv[0] and C  is your full wallet (two 32-byte integers)
Pub[0] and C  is your watching-only wallet (a 32-byte integer, and a point on the ECDSA curve, which is 2 32-byte integers)

All subsequent keys are produce (roughly) by Priv[i+1] = C*Priv,  or Pub[i+1]=C*Pub
13285  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 30, 2012, 08:14:27 PM
gold and silver folding like a cheap suit.
Roll Eyes
yeah, that's about the level of response i'd expect from someone who's got a knot in his stomach.
Roll Eyes

Taking a breather after a 4% rally in 1-week is healthy, and extremely helpful in keeping purely technical analysts from jumping on the gold train due to uncertainty. Hedge funds and other managed money funds are again being eaten alive yet again, distracted by paper price movement while physical continues moving against the general consensus.

Translation:  Stay calm everyone.  We need order, order.
13286  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: August 30, 2012, 07:29:08 PM
Update:

Jennifer Lawrence
13287  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: August 30, 2012, 07:03:03 PM
Update:

No, No, Hell No!
13288  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: August 30, 2012, 06:45:05 PM
Update:

Transfer payments
13289  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 30, 2012, 06:41:55 PM
gold and silver folding like a cheap suit. Grin
What kind of folding are you talking about? two-fold or three fold ?  Grin

well its folding for the second time in one day so i guess i'd call it a two-fold.  Cheesy
13290  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: August 30, 2012, 06:03:21 PM
Update:

DT's
13291  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 30, 2012, 05:36:52 PM
I'd be more worried if we see GS keep rallying before the Hole speech.


its not though.  bad sign for the inflationists.
13292  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 30, 2012, 05:35:56 PM
the /GC futures matches your chart.
13293  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 30, 2012, 05:05:32 PM
Again, not that important of a drop. This week correction represent about 30% of last week rally.
Important point might be that the upper resistance of the downtrend starting last year might become a support (~1650$ today). Sure, too early to say if it'll hold, but it clearly was the support today.


here's an alternative view of that proposal using GLD.  what i see is a false break up followed by failure and now resistance.  price is being forced down.  also the first of 2 gaps of the breakout has been filled with the 2nd one on deck.  i covered all this in my newsletter:

13294  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: August 30, 2012, 04:43:27 PM
Update:

A series of nasty ass charts
13295  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 30, 2012, 04:29:34 PM
Update:

A series of nasty ass charts.
13296  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: August 30, 2012, 04:15:42 PM
Update:

Art Cashin
13297  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 30, 2012, 04:00:42 PM
gold and silver folding like a cheap suit.

Roll Eyes

yeah, that's about the level of response i'd expect from someone who's got a knot in his stomach.
13298  Bitcoin / Bitcoin Discussion / Re: [MARKETING]Get ZeroHedge to publish an article about Bitcoin on: August 30, 2012, 03:52:53 PM
Looks like there was an article just posted on ZH about bitcoin!

i don't see it.
13299  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: August 30, 2012, 03:47:49 PM
Update:

Ascending Wedge
13300  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: August 30, 2012, 03:39:01 PM
Update:

Fuel
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