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14861  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 17, 2012, 03:10:03 PM
HAhahahaha you stupid troll... hahaha  Grin

something very bad is going to happen.
14862  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 17, 2012, 02:50:13 PM
KABOOM:





now you're talkin' our language!  Wink  careful.
14863  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 17, 2012, 01:58:23 PM
Apple gettin' within spittin' range! Wink
14864  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 17, 2012, 01:51:45 PM
Ben Bernanke: "Let there be gravity!"

P.S.:  "except for leveraged etf shorts."
14865  Bitcoin / Bitcoin Discussion / Re: George Selgin advocates Bitcoin AGAIN on: May 17, 2012, 01:22:31 PM
Actually you are right. But you are wrong asking the question "This is good in what way?"

It's irrelevant whether or not it's good, the original question was whether or not Bitcoin is or has a government and the ability to fork it, what ever this would actually mean for the value of the system, proves it does not. If I want to use Bitcoin, I can, however I cannot force others to use my version of Bitcoin even if I modify the original Bitcoin and have enough rule enforcement power which is something a government could do.

why are u getting so "hung up" on the definitions of what ppl are trying to say?  such as "democracy" or "government"?

such as, i know exactly what rjk is trying to say when he says the governing rules of Bitcoin are the source code and algorithm which govern the Bitcoin community and network.

i also am convinced that democratic principles apply to Bitcoin.  miners can try to subvert the system to their benefit if they want but if it violates the wants or desires of the majority of users, they will simply leave.  no users, no network, no miners.  period.

users are not "forced" to use Bitcoin.  they have a choice unlike USD's here in the US which have to be used for a variety of purposes, taxes being one.
14866  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: May 17, 2012, 02:42:31 AM

Please start a thread "Bitcoin collapsing, Gold UP".

Bitcoin market running away from you, 'eh Proudhon?
14867  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: May 16, 2012, 11:27:13 PM
Update emailed:

Gambit
14868  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 16, 2012, 08:46:31 PM
14869  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: May 16, 2012, 07:43:04 PM

I'll get to today's update this afternoon.  Sorry for the delay Wink



LOL!  everyone loves to irritate each other around here.  no problem, Sir!  Wink

btw, where's my Silverbox update?  and don't fudge the figures! Wink
14870  Economy / Speculation / Re: Gold collapsing. Bitcoin up. on: May 16, 2012, 07:34:15 PM
General Comment:  Bitcoin recovering...let's hope the trend holds.

Another Score:  5/15/12
          year ago    now       delta mult
BTC     7.50         5.03       + 0.67
Gold    1492         1545      + 1.04

isn't it kind of pointless to measure against "a year ago", when we know what's coming? bitcoin will go very RED soon, but not because it's falling now, but because there was this hype last year...

i've already told him this but it doesn't seem to matter.  year on year comparisons are only useful in stable, long term established markets that don't vary much in the first place.  its then used to pick up subtle seasonal changes.

Bitcoin doesn't fit this category.
14871  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 16, 2012, 07:32:16 PM
on 2nd thought probably fiat coming out of gold/silver/stocks/oil/euros, etc.

hehe, it's funny you need to think twice... wasn't this what you initially claimed would happen?

yeah, that's exactly right.  i've been saying this for a long time in so many different ways, forms, nuances that sometimes i just bang anything out on the keyboard. Grin
14872  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 16, 2012, 07:11:26 PM
do you really want to trust your future to Ben Bernanke?

Says the person who places trust in the federal reserve notes. How ironic.  Cheesy

for now. 

and i always have my Bitcoin.
14873  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 16, 2012, 07:09:40 PM
all they have to do to short circuit your dreams is to stop QE and let the USD skyrocket which it appears they have decided to do.  do you really want to trust your future to Ben Bernanke?

Bwahahahahahahha just goes to show how utterly clueless and ignorant of past evidence you really are.

you are going to lose alot of money.
14874  Bitcoin / Bitcoin Discussion / Re: George Selgin advocates Bitcoin AGAIN on: May 16, 2012, 07:08:15 PM
Miners have the ability to do so while casual users do not. Where in these facts do you see your eulogized democratic equality is my question..?

i asked you for an example of when miners have "abused" this supposed advantage?  don't have one?  then forget your argument.

in fact a great example of when they were forced to capitulate was when Deepbit eventually had to support Gavin's BIP 16 due to the majority opinion.

again, if miners abused their power, casual users would cease to use Bitcoin resulting in tanking of the entire system to the miners loss.
14875  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 16, 2012, 06:57:30 PM
It all comes down primarily on the politics. What do central banks do? A good question to ask is what were they designed for?.

certainly not to allow gold to reascend the throne of a monetary reserve currency.

all they have to do to short circuit your dreams is to stop QE and let the USD skyrocket which it appears they have decided to do.  do you really want to trust your future to Ben Bernanke?
14876  Bitcoin / Bitcoin Discussion / Re: George Selgin advocates Bitcoin AGAIN on: May 16, 2012, 06:55:05 PM
i'm using the term "democratic" in its purest sense in that Bitcoin does not allow any one group to steal from another thru the inflation tax.  how difficult is that to understand?

Because what you describe is certainly not democratic. What Bitcoin actually is is: honest, free of coercion, voluntary, sovereign and regulated by market consumers, none of which is synonymous with democratic.

democratic [dem-uh-krat-ik]     Origin http://dictionary.reference.com/browse/democratic
dem·o·crat·ic   [dem-uh-krat-ik]
adjective
1. pertaining to or of the nature of democracy or a democracy.
2. pertaining to or characterized by the principle of political or social equality for all: democratic treatment.
3. advocating or upholding democracy.
4. (initial capital letter) Politics.
a. of, pertaining to, or characteristic of the Democratic party.
b. of, pertaining to, or belonging to the Democratic-Republican party.

dem·o·crat·ic  (dm-krtk) http://www.thefreedictionary.com/democratic
adj.
1. Of, characterized by, or advocating democracy: democratic government; a democratic union.
2. Of or for the people in general; popular: a democratic movement; democratic art forms.
3. Believing in or practicing social equality: "a proper democratic scorn for bloated dukes and lords" (George du Maurier).
4. Democratic Of, relating to, or characteristic of the Democratic Party.

this whole definition is self referencing except for the part about social equality which i agree with.
Quote

And before you make a post saying Bitcoin is democratic because of socio-economic or political equality of all it's users I really hope you realize that actually is not the case. Bitcoin users much like people in general aren't equal, they aren't even equally bound by Bitcoin's rules since those mining hold the power to change their rule enforcement to favor one group over the other.

The only thing the people equally have is the freedom to start using Bitcoin, that's it and there's nothing democratic about that.

what evidence to you have that miners have changed the rules to benefit themselves?  i don't see it.

and as long as Bitcoin doesn't get debased casual users won't be abused by others using Bitcoin such as miners.
14877  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: May 16, 2012, 06:45:32 PM
Every once in a while would you throw in a sneak peek (like maybe a post from the previous day or something) that gives a rough idea as to what a subscriber gets?

why don't you talk to da2ce7 or notme about the service? 
14878  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 16, 2012, 06:28:04 PM
Having fun? You do see the rest of the commodities and you do see USDX and you do know what that mostly likely means for the near future right?

considering all the abuse, skepticism, attacks, trolling i've taken on this thread from everyone here since the beginning (last August), yes i am.

Make hay while the sun shines.



Too late.   Grin


Of course in the short term this ^ means nothing and is as childish as cypherdoc posts.

most ppl on this forum i want to help.  you sir, i want to crush.
14879  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 16, 2012, 05:49:23 PM
Having fun? You do see the rest of the commodities and you do see USDX and you do know what that mostly likely means for the near future right?

considering all the abuse, skepticism, attacks, trolling i've taken on this thread from everyone here since the beginning (last August), yes i am.
14880  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: May 16, 2012, 05:42:42 PM
it's that time again:

Charge!!!!!!!!!


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