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1501  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 18, 2012, 08:29:24 PM
for gold to resume its role as a currency Armageddon would have to result with obliteration of electricity and of the internet.  absent that, Bitcoin will win.  i'm not so dour on our future prospects. 

In that scenario - bullets and bottles of strong liquor make a better currency than gold.

Gold - I don't know why anyone really cares about it, I honestly think the majority of its value comes from the old folk and their old thinking
My generation will refuse to inherit all the problems of the current worlds financial systems (fiat, etc) and will easily recognize the value of something like bitcoin and brainwallets over gold.

Silver is still cheap enough and has enough industrial purpose to keep my interest at the moment.


In an armageddon-like scenario with internet-breakdown cigarettes beat both gold and bitcoin.

Unless the world somehow turns into a prison, I'm guessing that local food stuffs will be better than cigarettes, but yeah point taken.
1502  Economy / Speculation / Re: RALLY!!!1 on: November 18, 2012, 06:30:13 PM
Yeah not bad, but if i had to guess next big one adopter i would pick Kim Dotcom and his new Mega.

That would be arguably larger than wordpress
1503  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: November 18, 2012, 06:27:43 PM
No one wants to snap up my leftover btc on gox at 12.25. Hurry up bulls.

No. I can get it for less on Virtex

Virtex been hacked a few times yet? It aint a real exchange until it has been owned a few times. Pfft. Amateur. ;-)

They are truly a success story so far. Based on volume and their fees they are doing about 6k month. Not sure how much it costs to run a site like that but I hope they are doing ok. With the API coming they should see more volume and spreads should tighten as bot arbing between Gox becomes a possibility.

Fees are a bit exorbitant unfortunately.
1504  Other / Beginners & Help / Re: When do speculators plan to cash out? on: November 18, 2012, 05:38:32 AM
For those of you who hold bitcoin as a currency investment, what is your strategy... or at what price will you cash out? ...or, what year

They're all waiting for the price to go over $3000

FTFY
1505  Other / Politics & Society / Re: Thanks USA! on: November 17, 2012, 04:29:05 AM
Why is everyone so surprised at legalization of weed? This has been coming for a long time. Even my mother-in-law in Washington voted for legalization. The real question is "why was it ever illegal?"

The point is that the rest of the world thinks our politics are so hilariously terrible that they find it shocking we are able to be rational about anything (I myself am shocked).
1506  Bitcoin / Bitcoin Discussion / Re: Our response to Dmytri Kleiner's misunderstanding of money on: November 17, 2012, 04:25:57 AM
When did this thread devolve into a red scare circle jerk  Huh

1507  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: November 16, 2012, 09:09:50 PM
Topsy data doesnt look terribly impressive thus far actually.


This is twitter only as well
1508  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: November 16, 2012, 08:59:54 PM

There is a significant delay on this data (24-48 hours is my guess)whereas topsy appears to be much lowered lag time... trying to get access to a free trial there now...
1509  Economy / Speculation / Re: RALLY!!!1 on: November 16, 2012, 07:05:32 PM
that doesn't look like a secret to me.

and what's with the *.1 ?  Wink

There are some secrets left, from what i read on forums. More announcements soon (hopefully). Smiley

Which forums?

I'm guessing reddit...
1510  Other / Politics & Society / Re: Still think Agenda 21 is a crazy conspiracy theory ? on: November 16, 2012, 07:03:46 PM
I call bullshit on that commercial. Killing old people is totally irrelavent to sustainable development. Despite what some nuts might think, the population is fine. It's just how we use our resources which is at issue.
1511  Economy / Speculation / Re: there's going to be panic buying monday on: November 16, 2012, 06:07:09 PM
It was just one indicator out of 4 that said there could be a huge upside coming. I don't blindly follow anyone, but definitely utilize sentiment when making my decisions.

I sincerely hope you did not make that up. You have to have at least the majority of hard data to make decisions and never trust a chart unless you made it yourself.  Cool

Nope, I didnt make it up and I dont make the charts myself. I am somewhat glad I dont have the technical expertise to do it either. Just pay people that want to spend the time to do it for me.

That's bad. Subscription services fail during key events, on purpose. You know lemmings and all that.
I know I probably won't convince you of that you'd have to learn it yourself.  If I'm wrong: Be glad.

It's bad if you blindly follow one, yes you are right. But using multiple is a bit of a safeguard against such a situation and can provide nice opportunities that you dont see yourself (like right now).
1512  Other / Politics & Society / Re: Consensus-based society with provably-fair voting on: November 16, 2012, 05:59:35 PM

Consensus is difficult enough to get working within the context of people who live together in cohousing/ intentional community. Within the scope of a society, its lunacy. Maybe you are searching for another term?

I can start with simple example - there is a need to patch the road shared by 10 families in the neighborhood, nobody else uses that road (so they don't really care) and there is no central authority to call for. How would those families achieve consensus of who does what and who pays what.
It could be that one good guy just goes ahead and fixes it for everybody to benefit from it, but if that doesn't happen there needs to be a reliable mechanism to achieve consensus.

The only reliable mechanism for consensus is training and alot of dedicated work. A casual mechanism that you speak of is frankly impossible. In reality in order to make a decision, someone's opinion will always be overridden... (often for good reason...)

Yes, as I've already pointed out people have a choice to accept the result of the vote even if they disagree and stay within the community if benefits of staying out-weight the downsides of the vote or leave and search for better life. Spending a lot of time to achieve consensus is also an option but it might end up in an infinite loop with circular arguments and nothing will ever get done.

Ok - well thats not consensus then. I dont know what your system is, but definitions are important.
1513  Bitcoin / Bitcoin Discussion / Re: Meanwhile on my car... on: November 16, 2012, 05:57:21 PM
haha awesome
1514  Economy / Speculation / Re: there's going to be panic buying monday on: November 16, 2012, 05:51:30 PM
It was just one indicator out of 4 that said there could be a huge upside coming. I don't blindly follow anyone, but definitely utilize sentiment when making my decisions.

I sincerely hope you did not make that up. You have to have at least the majority of hard data to make decisions and never trust a chart unless you made it yourself.  Cool

Nope, I didnt make it up and I dont make the charts myself. I am somewhat glad I dont have the technical expertise to do it either. Just pay people that want to spend the time to do it for me.
1515  Economy / Speculation / Re: there's going to be panic buying monday on: November 16, 2012, 05:39:51 PM
You guys are being brutal to Ken for offering some (albeit nebulous) quite helpful advice. Don't hate him because you didn't follow it.

Not really, I don't hate him but I think he's a jerk because his prediction was just for bragging.

Maybe for you it was  Cool

Well if I have learned anything from speculating it is that you don't act on what others are saying because sooner or later you will get trolled.
I had to learn this the hard way, and at some point if you don't develop your own technique you gonna learn your lesson too.
Sooner or later.

It was just one indicator out of 4 that said there could be a huge upside coming. I don't blindly follow anyone, but definitely utilize sentiment when making my decisions.
1516  Economy / Speculation / Re: there's going to be panic buying monday on: November 16, 2012, 05:33:21 PM
You guys are being brutal to Ken for offering some (albeit nebulous) quite helpful advice. Don't hate him because you didn't follow it.

Not really, I don't hate him but I think he's a jerk because his prediction was just for bragging.

Maybe for you it was  Cool
1517  Other / Politics & Society / Re: Consensus-based society with provably-fair voting on: November 16, 2012, 05:32:09 PM

Consensus is difficult enough to get working within the context of people who live together in cohousing/ intentional community. Within the scope of a society, its lunacy. Maybe you are searching for another term?

I can start with simple example - there is a need to patch the road shared by 10 families in the neighborhood, nobody else uses that road (so they don't really care) and there is no central authority to call for. How would those families achieve consensus of who does what and who pays what.
It could be that one good guy just goes ahead and fixes it for everybody to benefit from it, but if that doesn't happen there needs to be a reliable mechanism to achieve consensus.

The only reliable mechanism for consensus is training and alot of dedicated work. A casual mechanism that you speak of is frankly impossible. In reality in order to make a decision, someone's opinion will always be overridden... (often for good reason...)
1518  Economy / Speculation / Re: there's going to be panic buying monday on: November 16, 2012, 05:18:13 PM
You guys are being brutal to Ken for offering some (albeit nebulous) quite helpful advice. Don't hate him because you didn't follow it.
1519  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker on: November 16, 2012, 09:54:42 AM
damn it feels good to have been all in under 11.
1520  Other / Politics & Society / Re: Consensus-based society with provably-fair voting on: November 16, 2012, 09:04:09 AM
Consensus is difficult enough to get working within the context of people who live together in cohousing/ intentional community. Within the scope of a society, its lunacy. Maybe you are searching for another term?
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