How altruistic you are anonymint! Yes so jealous  Why do you assume my point was about altruism  Maybe I am just pointing out that I am more important than you belittle me. |
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mprep needs to be careful about deleting content that is relevant to the thread. Here I have rephrased to make it more clear that my deleted posts were relevant... Note I had written similar explanations several times, including this published essay (but note I didn't understand at the time of that published essay that gold is just a hedge against government and the hyperinflation is not the normal outcome, which are both facts I learned from Martin Armstrong).
Granted you may be actively trading and planning on stopping out before taking a big loss, sure, but that whole approach is still not really "risk averse" as I would consider the term (in the sense of owning 25% metals, 25% land, etc.)
Correct, because stop losses are losses. They are not diversification. Anyone who is risk adverse would have a portfolio of something like 25% physical cash, 25% metals, 25% land/rental properties, 25% btc.
Anyone who has more than 25% of their liquid network in crypto (and the rest in instantly illiquid assets such as gold, cash, and land since governments routinely cancel cash, apply capital controls to gold, and can raise taxes egregiously on land causing buyers to run away) at this stage of the imminent global liquidity squeeze as interest rates rise and with the risks of CC failure due to centralization, is either very poor already and gambling with lunch money, or is a high stakes gambler and not a prudent investor. Related to the thread topic, smooth's point about diversification, and my point that tinfoil hat type of attitude leads to ONE RIGHT WAY myopia in investing: Anarcho-capitalism is a political philosophy that advocates the elimination of the state in favor of individual sovereignty, private property, and open markets.
Minarchism is a libertarian political philosophy which advocates for a minimal state, that is, a state that acts only on very essential functions, while all other functions are provided by the free market.
I voted that I am a Minanarchist, because I live in reality not delusion. Crypto-anarchists' delusions lead to a totalitarian State., i.e. these tinfoil hats aren't diversified. |
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Apologies to bump my thread, but where else to put this and this has an important point that I don't wish to lose: A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted. mod note: post merged with previousInterest rates may or may not matter to Venture Capitalists , but it does matter to individuals that can think and want a profit while keeping their principle intact. Only an idiot would believe a checking/savings account is a safe place to keep money right now. Those so-called idiots outnumber your VCs and they are risk averse.
They will trust their cash in a mattress before BTC.
And they will determine if BTC ever reaches true Utility.
BTC has still got years of Public Relations efforts to go thru before the majority of the public trusts them.
 And the governments can clamp down on BTC at any time using capital controls on the exchanges, because if the most of the world doesn't accept BTC unless they can immediately convert it to fiat as has been explained upthread by smooth (e.g. Bitpay, etc), then BTC becomes an illiquid asset once the government issues capital controls. BTC is not immune to government action (especially G20 coordinated action) because BTC is not a widespread unit-of-account. However, BTC has apparently become the unit-of-account of crypto-gambling, but it is not yet certain if the demand for that will remain if people no longer believe they can cash out to fiat unfettered when they want to, and the risk of CC failure due to centralization is a big factor that would cause speculators to be hesitant about thinking they could HODL/gamble in BTC long-term until capital controls cease. This is my goal is to fix the centralization problem with my CC design and also I am going to make CC a very popular unit-of-account for social network payments. But first I am creating a new programming language, then I have to create the social network, and then finally the CC, so hell may freeze over before I am done.  Note I also contributed the key technical insight[1] into how to make decentralized exchange work so it can't be jammed. [1] Find my posts in this thread and note that TierNolan is one of the original inventors of the DE protocol, but it had a jamming flaw until I fixed it: https://bitcointalk.org/index.php?topic=1364951.0 |
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Anyone taking this guy seriously on anything he says is pretty delusional.
You would have a more intelligent conversation with a 13 year old programmer.
OP fails, offer something better then - oh wait you can't.
He often ends things with "oh need months to explain" "too complex to explain" etc when in reality he is the type to over complicate even something simple beyond understanding and would fail explaining why 2+2=4 to anyone.
In other words - he is full of shit.
If you believe you are correct, then since I am not anonymous and my reputation is at stake, please provide your real identity so your personal reputation will be destroyed when you are proven to have been embarrassingly wrong in your ad hominem statements. Btw, this isn't helping you. Astute readers can read and ascertain the level of my competence. Your remaining days of being not totally ignored are numbered. Note I have flagged your post to the moderator since it is ad hominem trolling a technical thread. You provided no technical arguments.
How altruistic you are anonymint! Yes so jealous Why do you assume my point was about altruism Maybe I am just pointing out that I am more important than you belittle me.
Exactly. MA does worse than a coinlip on average. His reverals target "forecasting" is so hilarious I can't understand how he is able to even publish shit like that  I'll bet he counts on that enough people reading do not understand trading and markets at all, or backtesting. well my financial astrologist does the same thing... planets affect moods. He says dow 32k with usd and us equities rising together (which already started). Hes bearish gold. Has never really been that wrong.
Hey idiots as I had explained before in the quote below, the point is the investor can react to the market action with greater than 50% odds. You guys are too dumb to understand that a prediction for a static point in time with no conditionals, is a point sample and point samples are subject to aliasing error; thus MA does not provide such ridiculous point sample predictions. You try to force his statements to be point sample predictions, thus it is unsurprising that you see his statements as a failure. I won't bother to explain fundamental relevant science to you such as the Shannon-Nyquist Sampling Theorem, Fractals, and Chaos Theory, because you are too dumb to understand. Armstrong is for smart people. The low IQ trolls need not apply. The benchmarks stated that the USA dollar and and USA stocks had to start moving in unison as another criteria and if this wasn't the case, then the benchmark low would be pushed out in time until they do.
Thus none of his predictions have failed. Those who expect him to say "this will happen on this date" are building a strawman illogic, because MA never predicts such. His method is to provide a "if this, then that" analysis of the computer model's outputs.
[...]
MA's model provides key dates and it provides indications such as "Panic Cycle", "Directional Change", etc. on each asset analyzed. His model also provides "if this, then that" benchmarks on price reversals in both directions.
From this, the speculator can watch the market and try to interpret how the real world is matching the model and then infer decisions with a much better than 50% probability.
Something important does always happen on the ECM turn dates. For example:
[...]
I'd add that the Elite have less control than you suggest...
Who is you? I had written the same point: Edit: you also believe in the totality of the elite's "monopoly" control.
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lol this is Shelby's coin project
lmao muneroman
~CfA~
That's what I was wondering: if it's Shelby's project, then what's Moneroman88 doing posting the PRE-ANN? This is not an official thread for JAMBOX. JAMBOX has no relationship in any form with Moneroman88. |
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Someone asked me why not choose for JAMBOX, C# or Erik Meijer's influenced F# within the open source Xamarin (formerly Mono open source .Net clone)? 1. The .Net CLR virtual machine model does not support higher-kinded types (HKT), thus neither do C# and F#. So HKT for iterators are only necessary because of Rust's default resource lifetime tracking. I think @keean had also pointed that out.
A Contains trait doesn't bind the collection type to the Contains methodology. The choices of which traits a collection implements is open to extension in the Expression Problem. And this is why we need HKT in general (not just for my proposal), because we need to not throw away data types and subsume them to trait types as I explained in the thread for my proposal. HKT are fundamental. We must have them. 2. One of the most important goals I want to achieve for JAMBOX is that apps can be written in a language that can be loaded over the network and JIT compiled and run instantly on the mobile device or computer. The entire point is to replace the web browser with a better app engine and to abstract away the native APIs for iOS and Android, so that people can write apps once and have them run every where without any installation procedure. In short, the WWW on steriods. Thus the .Net CLR virtual machine (even though open sourced now in the Mono platform) is not the appropriate infrastructure because it is too heavyweight. We need a light and easy to JIT virtual machine and that is Javascript, which is supported every where a web browser is. With ASM.js we can reach about half the speed of native C code, although I'll also look to support some form of assembly language FFI support or portable assembly[1]. So JAMBOX needs a programming language that compiles to Javascript and meets my other goals for extensibility in a statically checked (by the compiler) type system and latency networks (e.g. internet) require asynchronous programming (async/await/yield). Also concurrency via asynchronous programming is more robust than multi-threaded concurrency. Unfortunately there is no language on the planet that can do this. Another goal is to have the language match the compiled Javascript version as closely as possible, so that debugging in a JS debugger is plausible. Not only does this reduce the need to create an IDE and tools immediately, it also means people can still develop with a text editor as we could do for HTML + JS. 3. I have explained at the Rust forum why subclassing sucks ("is an anti-pattern") and proposed some extension to the type classes (of Rust, Haskell, and Scala) in order to solve the extension and composability problem simultaneously in both directions of Wadler's famous Expression Problem. My proposal is very important for attaining the following attributes in software development: a) Compile-time checking of more invariants b) Modularity c) Code reuse, reduction of boilerplate redundant code, DRY (Don't Repeat Yourself) d) Composability of code e) Extensibility of code without forcing global refactoring of code bases f) Decentralized open source development by factoring out dependencies into #a, b, c, d, e. g) Less need to ever throw code away and/or rewrite code. F# doesn't have type classes and can fugly approximate some use cases of HKT, but not the general cases. C# can't do type classes. |
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You are a Marxist because you want a total order to the universe.
Acknowledging the existence of monopolies doesn't make someone a "Marxist". Marxists believe that the business cycle can be eliminated. You believe a more perfect money can exist. Same myopia at the highest level of abstraction which is you both don't accept that the universe is composed of partial orders, not totality. Edit: you also believe in the totality of the elite's "monopoly" control. |
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TPTB are not entirely in control. Marxism and the entropic force is driving the current outcome, i.e. the Second Law of Thermodynamics. Read my 2010 essay, "Understand Everything Fundamentally".
I'll go back to my statement about the only true sound form of money being the theoretical currency used in the transformers cartoon "energon", blocks of energy that can be redeemed at full face value at any given time regardless of externalities. Lacking such technology, since matter and energy are interchangable, the next most likely candidate is the most easily convertable form of matter, and thus we end up with oil backed currency.
So no, from a rational point of view, gold doesn't actually make the most sense unless it can be easily converted, or you're living in a pre-industrial revolution civilization. But the problem is, the oil, or most energy sources in general can be cheated with fractional reserve or inflation, so here we are with Bitcoin because gold has lack of granularity, high friction in use, and the same counterparty risk as the oil dollar when it has to go in vaults and be used with IOUs.
And crypto-currency can't remain decentralized. So again there is no ONE RIGHT WAY. Never will be. You are a Marxist because you want a total order to the universe. Learn to accept the reason we can't have a total order. I explained it already about the speed-of-light must be finite else past and future collapse into the same nothingness.
You are a Marxist because you want a total order to the universe.
Acknowledging the existence of monopolies doesn't make someone a "Marxist". Marxists believe that the business cycle can be eliminated. You believe a more perfect money can exist. Same myopia at the highest level of abstraction which is you both don't accept that the universe is composed of partial orders, not totality. Edit: you also believe in the totality of the elite's "monopoly" control. |
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I'll go back to my statement about the only true sound form of money being the theoretical currency used in the transformers cartoon "energon", blocks of energy that can be redeemed at full face value at any given time regardless of externalities. Lacking such technology, since matter and energy are interchangable, the next most likely candidate is the most easily convertable form of matter, and thus we end up with oil backed currency.
So no, from a rational point of view, gold doesn't actually make the most sense unless it can be easily converted, or you're living in a pre-industrial revolution civilization. But the problem is, the oil, or most energy sources in general can be cheated with fractional reserve or inflation, so here we are with Bitcoin because gold has lack of granularity, high friction in use, and the same counterparty risk as the oil dollar when it has to go in vaults and be used with IOUs.
And crypto-currency can't remain decentralized. So again there is no ONE RIGHT WAY. Never will be. You are a Marxist because you want a total order to the universe. Learn to accept the reason we can't have a total order. I explained it already about the speed-of-light must be finite else past and future collapse into the same nothingness. |
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TPTB are not entirely in control. Marxism and the entropic force is driving the current outcome, i.e. the Second Law of Thermodynamics. Read my 2010 essay, "Understand Everything Fundamentally".
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r0ach, you know I respect you, so please don't take my comments as disrespectful. There is so much serious work in front of me, I have to stop commenting in this forum. It is much more important that I complete my work, than comment in this forum. I will try to make this quote my last commentary on this matter. TPTB are not entirely in control. Marxism and the entropic force is driving the current outcome, i.e. the Second Law of Thermodynamics. Read my 2010 essay, "Understand Everything Fundamentally". The red text was predicted by myself in 2010 in the essay "Understand Everything Fundamentally" which is linked in CoinCube's OP of this thread and which was widely syndicated on the internet "goldbug" websites such as gold-eagle.com, financialsense.com, marketoracle.co.uk, silverbearcare.com, etc.. Follow up to my prior post: QUESTION: my normal logical mind tells me that whenever interest rates rise, money gets more expensive, so consequently the only true reason for doing so would be that underlying economic data shows the economy is doing well and can do without ‘help’.
A simple mind like I am tells me that a stock index should rise in case of a well doing economy. Instead I only hear markets fear a interest rate hike. Seems to me that the collective wants interest rates remain low, so stockindex growth driven higher by debt.
ANSWER: The fundamentals flipped after the shift from a private to public wave following 1929. Under the pre-1929 economics of laissez-faire, the government did not attempt to manipulate society with monetary policy. They attempted to lower U.S. interest rates to deflect capital inflows back to Europe, but they did not practice manipulating interest rates domestically to try to manage the economy. Therefore, raising interest rates before 1929 was often seen as bullish because it showed there was a demand for borrowing money due to economic expansion.
Today, the fundamentals are interpreted through the eyes of Marxism. Raising interest rates is now considered a punishment to society intended to deter them from borrowing. Yet, deflation involves declining interest rates due to the lack of interest to borrow. Some say that higher rates are bad for stocks, but they are solely looking at it as a punitive measure that will cost people more to borrow. You even have people cheering gold with lower interest rates.
None of this makes any sense economically. Nonetheless, we are looking at a sharp rise in stocks and gold along with rising interest rates, which will confuse everyone. Interest rates are the manifestation of expected inflation. If you think inflation will be 10%, you will lose money if you lend it at 5%. Interest rates are the price of expected inflation alongside the perceived risk.
Therefore, everything will take off to the upside and the majority, whom will be following the Marxist version of fundamentals, will feed the rally because they will be short. This view of fundamentals will eventually flip back, but only when the public at large sees this flip and goes with it. That is the point of no return where confidence in government collapses.
I really doubt any result but remain is what occurs unless Im somehow missing some vast but hidden harbour of discontent or apprehension at EU policy. Its possible and probably would even be accurate to the situation but the average person is more guided by their own impression of EU money flow to them personally I think. Many land owners receive cash for otherwise fairly useless open land on their large estates so are likely in favour of continuing subsidies and similarly those in power and also the wider public love the idea of free money scheme 'initiatives' ;that is probably the perception of EU.
Also the common argument seems to be along the lines of but I like Europeans as if UK will cast adrift into the Atlantic if a vote should be made to distance from the EU, not only does business stop and any travel plans but literally UK leaves europe. To me the vote is on politics and unbound and expanding budgeting power of EU, its quite reasonable to leave and if you really want return a decade later, meanwhile we trade with europe anyway because that's what companies do to profit.
You affirmed the red text in my post. And thus affirmed my 2010 prediction has remained correct. |
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I really doubt any result but remain is what occurs unless Im somehow missing some vast but hidden harbour of discontent or apprehension at EU policy. Its possible and probably would even be accurate to the situation but the average person is more guided by their own impression of EU money flow to them personally I think. Many land owners receive cash for otherwise fairly useless open land on their large estates so are likely in favour of continuing subsidies and similarly those in power and also the wider public love the idea of free money scheme 'initiatives' ;that is probably the perception of EU.
Also the common argument seems to be along the lines of but I like Europeans as if UK will cast adrift into the Atlantic if a vote should be made to distance from the EU, not only does business stop and any travel plans but literally UK leaves europe. To me the vote is on politics and unbound and expanding budgeting power of EU, its quite reasonable to leave and if you really want return a decade later, meanwhile we trade with europe anyway because that's what companies do to profit.
You affirmed the red text in my post. And thus affirmed my 2010 prediction has remained correct. |
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BitFomo, the argument that the government won't care about the securities law violations in crypto IPOs, instamines, PoS coins, masternode coins, coins paying debasement to the developers (Z.cash), seems reasonable because the elite have bigger fish to fry. However, the period of 2018 to 2020 is going to be utter scorched earth economic collapse followed by a coordinated monetary reform into a one-world reserve currency system, thus we could see governments become very totalitarian in terms of going after all illegal actions wherein they can confiscate people's money due to some law broken. They will hunt those with significant money, not nickels and dimes. I would steer clear of violating laws as much as possible, if you have any money. As for thinking you can hide your money from the government in Bitcoin, the centralization (centralized control) of Bitcoin will eventually kill that. Do you really think TPTB, the mainstream capital flows that are short the dollar+gold+Bitcoin, and the world's socialism is going to allow the "rich" (i.e. the upper middle class) to ride away with gains in gold and Bitcoin as the rest of the people become impoverished by the economic collapse If you want to ride through this coming apocalypse unscathed, then you need to be extra diligent on not providing simple legal justification for confiscation of your wealth. |
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It is a centrally administered game that will end with a black swan event or controlled demolition by the people who run it, not an orderly walk to the exits predicted by "capital flows".
I emphatically disagree! You think nature died and the Second Law of Thermodynamics has been voided. Tinfoil hats are actually Marxists, because they think central command is possible or even that gold is some exceptional form of money (as if there is ONE RIGHT WAY).
BitFomo, the argument that the government won't care about the securities law violations in crypto IPOs, instamines, PoS coins, masternode coins, coins paying debasement to the developers (Z.cash), seems reasonable because the elite have bigger fish to fry. However, the period of 2018 to 2020 is going to be utter scorched earth economic collapse followed by a coordinated monetary reform into a one-world reserve currency system, thus we could see governments become very totalitarian in terms of going after all illegal actions wherein they can confiscate people's money due to some law broken. They will hunt those with significant money, not nickels and dimes. I would steer clear of violating laws as much as possible, if you have any money. As for thinking you can hide your money from the government in Bitcoin, the centralization (centralized control) of Bitcoin will eventually kill that. Do you really think TPTB, the mainstream capital flows that are short the dollar+gold+Bitcoin, and the world's socialism is going to allow the "rich" (i.e. the upper middle class) to ride away with gains in gold and Bitcoin as the rest of the people become impoverished by the economic collapse If you want to ride through this coming apocalypse unscathed, then you need to be extra diligent on not providing simple legal justification for confiscation of your wealth. |
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Anyone taking this guy seriously on anything he says is pretty delusional.
You would have a more intelligent conversation with a 13 year old programmer.
OP fails, offer something better then - oh wait you can't.
He often ends things with "oh need months to explain" "too complex to explain" etc when in reality he is the type to over complicate even something simple beyond understanding and would fail explaining why 2+2=4 to anyone.
In other words - he is full of shit.
If you believe you are correct, then since I am not anonymous and my reputation is at stake, please provide your real identity so your personal reputation will be destroyed when you are proven to have been embarrassingly wrong in your ad hominem statements. Btw, this isn't helping you. Astute readers can read and ascertain the level of my competence. Your remaining days of being not totally ignored are numbered. Note I have flagged your post to the moderator since it is ad hominem trolling a technical thread. You provided no technical arguments. |
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r0ach you will end up destitute.
That is my way of saying your conceptualization is incorrect and I don't want to waste my time repeating why. You are entitled to your delusions. Enjoy.
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you mean reserve is a backup?
Read the thread! Replies from others are emphasizing the use of BTC for gambling, but the keyword in my subject title is "reserve".
My point is that BTC is the unit-of-account by which everyone measures their gambling success, not fiat.
When someone gambles on an altcoin "investment" (speculation), they are hoping to get more BTC. They don't cash it out to fiat, they HODLit to gamble some more altcoin "investments". Even if you include gambling sites that accept Bitcoin, the gambler is likely HODLing their BTC gains (if any) and not cashing out to fiat.
Unit-of-account doesn't mean backup. You need to learn what reserve currency means. |
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Or I can wait until a real decentralized exchange exists...
You are jealous: Note I also contributed the key technical insight[1] into how to make decentralized exchange work so it can't be jammed. [1] Find my posts in this thread and note that TierNolan is one of the original inventors of the DE protocol, but it had a jamming flaw until I fixed it: https://bitcointalk.org/index.php?topic=1364951.0 |
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The red text was predicted by myself in 2010 in the essay "Understand Everything Fundamentally" which is linked in CoinCube's OP of this thread and which was widely syndicated on the internet "goldbug" websites such as gold-eagle.com, financialsense.com, marketoracle.co.uk, silverbearcare.com, etc.. Follow up to my prior post: QUESTION: my normal logical mind tells me that whenever interest rates rise, money gets more expensive, so consequently the only true reason for doing so would be that underlying economic data shows the economy is doing well and can do without ‘help’.
A simple mind like I am tells me that a stock index should rise in case of a well doing economy. Instead I only hear markets fear a interest rate hike. Seems to me that the collective wants interest rates remain low, so stockindex growth driven higher by debt.
ANSWER: The fundamentals flipped after the shift from a private to public wave following 1929. Under the pre-1929 economics of laissez-faire, the government did not attempt to manipulate society with monetary policy. They attempted to lower U.S. interest rates to deflect capital inflows back to Europe, but they did not practice manipulating interest rates domestically to try to manage the economy. Therefore, raising interest rates before 1929 was often seen as bullish because it showed there was a demand for borrowing money due to economic expansion.
Today, the fundamentals are interpreted through the eyes of Marxism. Raising interest rates is now considered a punishment to society intended to deter them from borrowing. Yet, deflation involves declining interest rates due to the lack of interest to borrow. Some say that higher rates are bad for stocks, but they are solely looking at it as a punitive measure that will cost people more to borrow. You even have people cheering gold with lower interest rates.
None of this makes any sense economically. Nonetheless, we are looking at a sharp rise in stocks and gold along with rising interest rates, which will confuse everyone. Interest rates are the manifestation of expected inflation. If you think inflation will be 10%, you will lose money if you lend it at 5%. Interest rates are the price of expected inflation alongside the perceived risk.
Therefore, everything will take off to the upside and the majority, whom will be following the Marxist version of fundamentals, will feed the rally because they will be short. This view of fundamentals will eventually flip back, but only when the public at large sees this flip and goes with it. That is the point of no return where confidence in government collapses.
Cool ill hold my coins and buy more if possible and sell usd
Your illness combined with jealousy dismember your reading comprehension. MA didn't predict anything about crypto-currency. The prediction is for USD to go down through end of 2017 (if the 117 level of the Euro is breached to the upside and BREXIT result is "Remain"). Thus you are not being contrarian to my predictions, which you've incorrectly stated always made your trades correct. Buying more Bitcoin after the halving peak (June or August) is very risky though. Definitely you won't see great gains from this. And the downside risk is very great. So that would be a contrarian-to-my-predictions trade on your part and I hope you go 100% of your net worth into it, so you will be finally gone from this forum when you are bankrupted.
BitFomo, the argument that the government won't care about the securities law violations in crypto IPOs, instamines, PoS coins, masternode coins, coins paying debasement to the developers (Z.cash), seems reasonable because the elite have bigger fish to fry. However, the period of 2018 to 2020 is going to be utter scorched earth economic collapse followed by a coordinated monetary reform into a one-world reserve currency system, thus we could see governments become very totalitarian in terms of going after all illegal actions wherein they can confiscate people's money due to some law broken. They will hunt those with significant money, not nickels and dimes. I would steer clear of violating laws as much as possible, if you have any money. As for thinking you can hide your money from the government in Bitcoin, the centralization (centralized control) of Bitcoin will eventually kill that. Do you really think TPTB, the mainstream capital flows that are short the dollar+gold+Bitcoin, and the world's socialism is going to allow the "rich" (i.e. the upper middle class) to ride away with gains in gold and Bitcoin as the rest of the people become impoverished by the economic collapse If you want to ride through this coming apocalypse unscathed, then you need to be extra diligent on not providing simple legal justification for confiscation of your wealth. |
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