Anyone who has bough silver because of a JP Morgan possible default is sorely misguided. There are many more reasons to to be involved in silver than that. For example it's industrial uses. Study palladium and rhodium and you will learn about possibilities....e.g., currency debasement, etc., etc.

That being the foundation of your reasoning, you should also investigate why it is that you are involved in bitcoin. You'll lose your nerve for bitcoin as well if your foundation is not grounded.

Where consumer > citizen.

Now that would be interesting. BTC for silver? Clearcoin as go between..... Will have to think on it. I actually sold silver and gold miners (ha!) to buy my first rigs. They've all went down since 

Send me a PM and we'll keep it out there.

Agree. I've been coming up with some pretty decent analogies to explain the value of bitcoin to people.

Briefly: the world has no money, God drops a big mountain on the earth and says, "there's gold in them thar hills". A bunch of guys with pick axes go and get the "money". The time, capital, etc to get the gold is the inherent value in it. Otherwise it really has no value.

The same can be said of bitcoin. I then explain to people to imagine looking at their online banking statement. I explain that it's only digital; it's not really there. If all that bank's customers went to the bank not everyone would get their money even though the register says they have it. IT'S DIGITAL. It starts to dawn on them.

Keep them and buy bitcoins with your fiat. Diversity is the key. No one should own one thing and only one thing of anything....imo.

Seems I've been performing a little better than the calc with some down time even.... I may be underestimating my hash rates.

The people that will cry are those with neither silver or bitcoin. I see both steadily climbing in value for many years. The advantage silver presently has though is it's readily established. More people are likely to buy it and take it off the market than bc. Some may look at bitcoin and just say screw it, I'm buying silver. Just being fair.

That's probably true to a degree. I've been in the PM's for about 3 years, mainly silver. I looked at bitcoin about a year ago and dismissed it. Recently I've looked at it again and having studied the metals and currencies extensively I have a new appreciation for bitcoin. The philosophy and goals of it are very worthy of merit and I'm a strong supporter of it and want to learn more. The biggest downfall for the "outsiders" (not in bitcoin, NO technical wherewithal [which is cool]) is trying to understand it.

I think first you have to understand the nature of money and why people use it; then you can understand bitcoin. It's quite an educational process and there's a long way to go. I've been teaching people a lot about currencies and I've made them money in the markets. They listen to me about bitcoin because they respect me. They listen to me the same way a 4th grader listens to a Phd. Interesting but very confusing!   

So I'm not discouraged that I didn't get in a year ago (more bummed). I'm still going after this aggressively now and will teach people about it the same as I did with the metals.

What will keep people from this now is the cost of rigging and understanding why they would convert fiat to bitcoins to spend. Why not just spend the fiat? That's the challenge.

I wonder how people would react if I wore that to work! I want one!

Good points.

I find it interesting that many people miss the fact that many of the complaints about Bitcoin can be directed right back at fiat currencies.

An interesting statistic: nearly 95% of US dollars has some type of drug residue. We don't however hear senators like Schumer calling for the destruction of the "narco" dollar.

Bitcoin is forcing people to talk about the very nature of money and it's freaking people out across the board. The boat is being rocked and drinks are being spilled on white shirts.

That's assuming that the entirety of gov't WANTS it shutdown....

With potential currency crises looming "they" may want several alternatives squarely in place to keep goods and services flowing.

Direct us......

I find it inconceivable that they would make a system change and not consider transactions in progress. Think about it.....if you were they what would be the first thing you would think about with a systems change? Your product flow.....

Any progress? Are you going to upgrade the PSU?

Bitcoin is a natural evolution to the forms of government of the world crashing with technology the world has never seen before. There's a mighty battle coming and it must be waged. The participants need to start thinking about their roles and how they will respond....

You'll get one.....something like this.....

"Thank you for contacting the office of xxxxx. We value the opinions and needs of all our constituents (so much so we send them all the same form letter)..."

We will look into this matter".....blah, blah, blah...

Nice thanks. The evolution of my work at hand!!!

I will do so, thanks. I had read that securing your wallet biz and it was a little confusing. I've been at this a little while now so it's probably time to give it another go.

Thx again.

Are they running the same driver?

Good idea. Doesn't serve my paranoia very well!!!