A Central Banker speaking blasphemy ... Monetary policy globally has been asked to do something it can't really do," Mr Stevens said.
....
"They were all structural things to help make economies work better, help productivity, assist innovation etcetera. That's where prosperity comes from. It doesn't come from manipulating the price of money," he said. https://nz.finance.yahoo.com/news/rate-cut-wont-deliver-growth-055904781.htmlI think the gig is well and truly up. |
|
|
|
Monkey reports in: Monkey thinks the next week could be uppish, but is generally skeptical out until mid-March, then bullish on the multi-month scale.
This time, I think I agree, but whatevs.
year of the monkey hasn't officially started yet has it? "pic" LOL the pic look like something else some monkey business going on there |
|
|
|
|
I think the gold-oil link that has lasted for over a century is being severed.
New energy technologies are coming on line that will eventually cause the obsolescence of fossil fuels and the gold-oil link is necessarily reflecting that.
There will be a lot of disruption surrounding that delinking given the number of existing geopolitical power structures, petro-dollar debt-based fiat, bonds-for-oil, gold-for-oil, similar inter-national agreements and the mountain of derivative deals that are based on these fundamental long-term linkages of energy and money being broken.
tl;dr oil is being demonetised
|
|
|
|
Monkey reports in: Monkey thinks the next week could be uppish, but is generally skeptical out until mid-March, then bullish on the multi-month scale.
This time, I think I agree, but whatevs.
year of the monkey hasn't officially started yet has it? |
|
|
|
speaking of crowded defensive trades, physical fiat cash is clearly being delineated as a different form of money to digital fiat bank accounts, being subject to bail-in, confiscation, freezes, bank-holidays, etc. I'm expecting at some point to see physical fiat cash trade at a premium to digital fiat cash, as much as bearer bonds have and bearer stocks have versus their counter-party impaired representations in the past. Also I think this is a large part of the drive behind outlawing physical fiat cash is because it represents a bearer instrument and they have gradually side-lined or outlawed other forms of bearer instruments over the years. Bitcoin, gold and physical cash, stock certificates (if you can get them) should all be held closely. Bitcoin is a bearer instrument par excellence in the digital realm. |
|
|
|
any of you boys ever heard the fraze
'it's all over bar the shouting' ?
it doesn't matter because they are getting paid to do the shouting, win lose or draw ... wonder when the shills contracts run out? then we'll finally get some peace, hopefully this weekend when the puppet masters realise they are throwing good btc away on a fool's errand. |
|
|
|
|
Gold and oil are de-linking after more than 100 years.
New energy technologies are becoming a reality and on the foreseeable horizon, fusion, low-temp. fusion and some weird stuff are out there coming in to view. Fossil fuels are no longer going to be treated as quasi-monetary assets.
Bitcoin and new energy will be the new basis ... after a shake-out not witnessed in 5 generations.
|
|
|
|
We shouldn't hold any grudges against most Classic supporters and welcome them back in as our temporarily lost brothers in an act of solidarity. Indeed. Time for some reconciliation, and maybe a truth commission too. I think part of the problem is people involved in bitcoin have gotten addicted to the non-stop drama surrounding it, that has existed since early on (late 2010 at least). So when everything is ticking over peacefully, price is flat, they get bored and start looking around for the next drama fix ... "hey what's this, we can bash the devs? cool" ... "look at this, a simple programming constant we can get upset about and create some drama, awesome" ... "let's jerk the Fed's chain about blockchain, should be neat" ... "hey, did you hear the latest Satoshi rumour?!" |
|
|
|
FinI'd be hodling BTC for dear life now. In fact, I am. That piece is the reason we are having this debate - from the first line its looking for consensus in the sense of "do not attempt to make any changes..." In what universe is that consensus? That is coercion. If you are so happy that you are on the right side, then let this happen. If everyone ignores it and carries on as before, then it is a non issue. But why this fear? Because they know this has a real chance of happening. But seriously, if that letter is in any way legit, then this mofo deserves to go down in flames. The only comfort is that Hilliard and Corem are signatories, and anything with their name on it usually stinks of deceit. Why is it a bad thing? If all miners agree on that well it's more or less the only thing that can be done no? Impotent buttrage quit is an option. Also known as "flouncing off stage right" in a wake of fake taffeta. |
|
|
|
FinI'd be hodling BTC for dear life now. In fact, I am. In what universe is that consensus? That is coercion. If you are so happy that you are on the right side, then let this happen. If everyone ignores it and carries on as before, then it is a non issue. But why this fear? Because they know this has a real chance of happening. But seriously, if that letter is in any way legit, then this mofo deserves to go down in flames. So. A.N.G.R.Y? |
|
|
|
|
Greece was the fore-runner, the next phase is bank runs in Italy as depositors realise that they are unsafe with bail-ins and non-performing loans exceeeding 17-25% of all loans.
Italy banking crises will now become the focus and will cause monetary crisis to quickly go global.
|
|
|
|
Why can't the Eth shills stick to their own thread? I don't go into their thread spamming a shitcoin.
it's the same crowd ... the ethereum pump is an attempt to spook the bitcoiner masses into the arms of the big-block banksters and their classic cronies ... 'cos "if bitcoin can't scale someone else will" ethereum has been crawling with banksters from day zero ... they crave the ethos of bitcoin but could never create it. |
|
|
|
the kiddiefight has all been in here and on reddit ... if you followed the actual dev forums it's all quite sanguine, which makes Gavin Hearns and now Jeff's blog outbursts all the more surprising, like intentional "playing to the mob" ... who are they trying to convince, certainly not other devs.
who knew bitcoin was so centralised and authoritarian? Pesky upstarts like Gav and JGarzik. The cheek. not upstarts, just has-beens trying to free-ride on past glories using politics instead of producing da code .... meritocracies are hard for shirkers and has-beens |
|
|
|
devs should all agree to 2MB blocks And segwit
that way classic and core can both coexist and we can 4x capacity
What about the internal governance issues in Classic? Classic wouldn't exist if there weren't already serious internal governance issues in Core. Isn't there some resistance to classic by core because there are changes to internal governance?
See above. So in other words, Core could adopt the 2mb aspect of Classic without changes to internal governance (if it wants to continue to shun classic), no?
That would seem to be a perfectly reasonable course of action and easily secure a future in which Core remains the "reference" implementation. If Core had announced plans after Scaling HK for a 2MB HF followed by a fully tested segwit (with plenty of time for 3rd parties to accommodate it)... we wouldn't be having this debate. Given all this, one has to wonder if gmax and his clique of wizards are dogmatically putting ego (and stock options?) before Bitcoin.  yeah it's all just a big "governance" issue  ... you're certainly right on with the party spiel of MIT/govt Forde and Gavin ... except it's not, its actually real technical problems that are being solved (not by the likes of you) https://letstalkbitcoin.com/blog/post/epicenter-bitcoin-117-eric-lombrozo-upgrading-bitcoin-with-segregated-witness |
|
|
|
devs should all agree to 2MB blocks And segwit
that way classic and core can both coexist and we can 4x capacity
What about the internal governance issues in Classic? Isn't there some resistance to classic by core because there are changes to internal governance? So in other words, Core could adopt the 2mb aspect of Classic without changes to internal governance (if it wants to continue to shun classic), no? yes, but meanwhile this thing has become a matter of pride and kiddiefight. the kiddiefight has all been in here and on reddit ... if you followed the actual dev forums it's all quite sanguine, which makes Gavin Hearns and now Jeff's blog outbursts all the more surprising, like intentional "playing to the mob" ... who are they trying to convince, certainly not other devs. |
|
|
|
So is Classic actually REKT or are the 2 sides still FUDDING each other without a winner either way?
 so a hundred desperate VC-funded businesses almost out of runway, and a handful of disaffected zealots who hate themselves because they can't code, running 6 nodes each ... all on the same 3 silicon valley data-centers? |
|
|
|
MOA: classic got released today and the price is $10 higher than yesterday... strange. Has the economic majority teamed up with the CIA/GCHQ just to fuck with our heads?  The price started a healthy rise and then fell like a rock once the news of Classic release hit. Any developments towards a contentious hard fork dumps the price down. It's ALWAYS like this, and never the other way around. By this alone, hard fork pushers should get a clue what the markets really want. But they remain clueless nonetheless. yes, the healthy rise was really interesting looking a lot like an upside breakout so they had to produce some good FUD and what better than pulling puppet Gavin's strings for a little dance and a trick or two. Now we've got Jeff on the FUD pipeline too, not quite Mike Hearn level histrionics that titillate the blockheads but OK for a $10 dump it seems. |
|
|
|
|
Price goes up, Gavin dumps latest FUD controversy news... same as last week, and the week before that and the week before that ... oh he got Jeff to coordinate a FUD piece so that was new.
|
|
|
|
|
the old commodity or currency dodge, didn't that Ponzi scheme guy from Texas Pirate@40 try the same ruse?
Frappe.Doc is in esteemed company, POS that he is.
|
|
|
|
|
Show Posts
