that is very good.  keep up the good work!

think of all this additional trading contributing to the liquidity of Bitcoin.  this is only a good thing.

think of it being like the early days of the COMEX for gold futures trading.  no economy around gold at all; just billions traded each day equivalent to currency trading.

this is when i knew it would go viral.  Matthew!:  https://bitcointalk.org/index.php?topic=49445.msg590763#msg590763

Love the title of this thread, "Our girl" 

Go girl, go girl!

Zhoutonged!  who coined that?

great find.  i always knew they were here.

wasn't me.

fresh off the press:

http://bitcoinmedia.com/bitcoin-vs-metals/

the ask side is just withering away.  pathetic.

Encoin wasn't the first cryptocurrency but...

would you like to step outside?

no sweat.  anytime.

edit:  i couldn't wait to send it out today after the finish.

THIS.  i just talked about this in my first report.

look at the phrasing Summers uses.  he understands Bitcoin.  i count 4x he uses the term friction.  thats a Bitcoin term as far as i'm concerned:

the processes of commerce changing fundamentally when people are able to store value on their cell phones, when people are able to take payments digitally with minimal friction or red tape.

Square's innovation is fundamentally about making it easy for a piano teacher or tutor to get paid, or reducing the friction involved in using a car service. I was excited about the idea of financial innovation for the benefit of regular people.

Today, money can get transferred from any part of the planet to any other part of the planet, essentially instantaneously. I think for the most part that's a positive thing. People can see prices more easily, they can act on their desires more efficiently; friction is rarely a good thing.

Conceptually, money can exist without a central authority. The United States only got a central bank in 1913, and we were a country with a functioning economy before 1913. There are also private issuers of things that function very much like money—think about Crimson Cash here at Harvard, or American Express traveler's checks.

Bitcoin is one of many innovative technologies that are going to seek to take friction out and provide services to people.

Everyone thought New Coke would be better than old Coca-Cola and take things by storm, and [former IBM CEO] Tom Watson thought there was only demand in the world for 10 or 12 computers. And so I think history teaches that you can't really forecast which kinds of innovations will ultimately become networked and get to scale

 I think many of the basic principles underlying money that economists understand—that if you create too much of it you will get rising prices, for example—actually are constant even as technology does change.

I don't think there's any question that it was broken—otherwise we wouldn't have had the kind of financial crisis we've had from 2007, which still has carry-over effects right now.

Certainly no one's fully satisfied with how the economy is performing, but if you look at the six months from the fall of 2008 to the spring of 2009, they show deterioration on almost every economic statistic more rapid than during the Depression—the first six months after the fall of 1929.

i've been meaning to expound on this; if Summers knows about Bitcoin, then Obama knows, and every other political leader in the Western World.  and i have to believe every banker since money is their business.

i find it naive when i hear so many folks around here thinking bankers or our politicians have never even heard about Bitcoin.

and if everybody knows about Bitcoin now, there must be a significant portion of ppl that think like us, and that ultimately will have to change your outlook on its prospects.

it IS a surprise.  the gold bulls have somehow come to rationalize it in their own minds.

GDX breaking to new lows led by NEM, the market leader.

kk