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I found it shocking that the speaker was shocked that people trust CEO's more than Governments.
Governments do not need to adhere to laws, they can do without penalty that which if any person did, would be illegal in that geography. At least with companies, if they get caught sometimes there is some penalty.
In the US we manufacture dissent within government. So long as there is disagreement about some important issues, the government insiders can gather vast donations for both sides of the contentious issue. If there is agreement, the donations cease as the issue is decided. This encourages division and extremism as the status quo. Our government is in the business of disagreeing. It has become a sport on the airwaves. Meanwhile the constitutional limits on government have eroded ot the point where it encompasses more than 1/5th of the lives of our people, and 108 days of the year for all taxpayers to cover the bill of just the taxes.
The history lesson was well known to myself and frankly there was no new information in the talk. I wasn't impressed by it in the least, but it was likely a valuable speech to have been given to that audience, and to the world of novices via the digital media. It is great to see a spotlight on bitcoin in important places.
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You answered your own question regarding the offers.  The original 1945, right out of the war was a piece that few hands could hold. War makes new paupers, dead people and millionaires for the profiteers. That piece was made during a time that gold was forbidden in the USA, which made it one of those historic treasures that could well have crossed the palm of some of the captains of industry, or military-industrial, or some lucky person of unusual fortune. Possibly for someone crossing a border that needed something shiny and small to ease the passage. The possible stories that are conjured by the imagination of this exquisite coin will find someone that can see its worth, of that I have no doubt. The birth year of the last of the war babies, and there are some of those that would see this as a unique gift for a very special someone in their life. Someone with a Golden Anniversary, or other perfect occasion will cherish it. |
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Unless, of course, you'd spend that coin as a dollar. But why would you?
Yes, if you are buying American Silver Eagles instead of these, you are getting ripped off These are less expensive, more useful, and better: A world currency with true valueation available a phone click away everywhere. |
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So really this is nothing more than a bitcoin themed souvenir that's valued upon the material it is made out of?  I'd take issue with that. It is not at all a souvenir. It is a currency, and not only is it bitcoin themed it has a role in the bitcoin ecosystem that is currently horribly vacant. PM's have been called the gateway "drug" to bitcoin, this takes that a step further by providing a ready means of introduction to the uninitiated. These are specifically engineered to be out in public, in pockets, in the marketplace, and not in drawers or on shelves. For those of us that have used silver pieces in commercial transactions you will know the most common question is "what is it worth?". This piece has the unique distinction of providing not only a ready answer to that question, but one that is available at any time by someone who would receive it in a transaction as well. (It also answers the question "what is a bitcoin worth?".) I expect that these Cold Hard Cash pieces will also do a fair bit of business among those that do not use bitcoin, but the average person is less likely to know how to use a QR code than a bitcoin aficionado. Try this... Go to any random cashier at your favorite store and ask them if they like gold, or silver. Folks that deal with cash and coins daily know that if they find one of those older coins they are more valuable (because of the silver). They have little else to keep them occupied after they know their job than to look at the coins that pass through their hands. The most frequent way to use silver in a transaction is when the cashier likes silver (or gold). They put the coin in their pocket and drop their own money in the till. The #1 place that Liberty Dollars were used in commerce was at Walmart. Cashiers would call you into their line if they know you were carrying silver. WE do a pretty brisk business selling New Liberty Dollars and didn't really need to do this, but this is a new thing altogether and very exciting for all of us. Better than the American Silver Eagles, these Bitcoin pieces can bring the hundreds of thousands of silver-stacking people into the world of Bitcoin, and more... When the folks at the Bitcoin conference in San Jose asked me to do a Bitcoin piece, I took that mission seriously and this is the result. It is the product of countless discussions among some of the best, experienced and most creative numismatic artists, minters and designers on the planet. When the Bitcoin economy grows and expands and reaches new people worldwide, we all win. These pieces are our missionaries into the already waiting world of would-be bitcoiners. Precious metals are highly sought after money everywhere on the planet, and these pieces are denominated in all currency through the magic of the QR... but they default to bitcoin. |
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Why "within the core competency of the company's enterprise"?
Many CEOs arrive from advanced positions well outside the core competency of the enterprise.
Why? That seemed to be what was meant by working up from the mailroom. I understood that to mean the metaphorical mailroom and took that meaning to be from the lowest rung of the company on a path to CEO. I don't know if Don Thompson ever made burgers after grad school. He was an electrical engineer.
Arguably Micky D's is a manufacturing management company. They run production lines in mass. our admiration ought to be reserved for the true captains of industry, who create new things that make our lives better. The division between "leech" and "creator" is not a class distinction; there are both at all levels of society—even in government there are perhaps two or three honest people striving to make things better.
We agree I admire people that put their own time and/or their own capital into a business venture they believe in, but if you're playing with other people's money and have nothing to lose you ain't no entrepreneur; you're an employee.
We agree
Finally, if you want to pick on someone who thinks that rich means corrupt and poor means honest, find someone else. That just is not me, no matter how hard you twist my words to make me sound like some kind of pinko redistributionist.
…and I haven't had enough (or any) sleep and I'm likely to be a bit cranky myself. So forgive me if I'm sounding like some kind of pinko whatever. It was not my intent.
Its all good. I have run companies from the C level, and have worked as the lowest rung. When I have started companies, these are the same position. Lately I've been engaged in starting new alternative currency enterprises and having a blast. The Cold Hard Cash enterprise is one I've been hoping to do for a while, and the bitcoin marketplace seems just like the perfect storm for it. Most folks don't even know what a QR code is, much less what to do with it on their money. The bitcoin users are a unique sector. Adventurous, forward thinking, risk-takers, these are the people in whose company I find I have no enemies so even if your were a pinko we'd have enough other things in common that we'd probably enjoy a meal together without coming to blows. For my part here, all the arguments are in fun and among friends. It is the nature of online discourse, for most folks when you agree, you nod silently and read on, but when you disagree even slightly it generates that urge to contribute words to the discussion for better or worse. |
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I have an associate with both tungsten and depleted uranium rings and he hasn't seemed to suffer any ill effects of daily wearing them Have him try atomizing them and inhaling the resulting cloud and see what happens. Any internal heavy metal is not a good thing. Lead is bad to inhale too and I hear they sometimes make bullets of that too. |
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The gold drop on April 12,15 was from a block trade of over 28billion. That dropped the market over 70 points and triggered a bunch of other selling. Its a manipulated market due to the ETFs, which provide liquidity to the banks that don't have the reserves to sell, but can sell as much naked short as their FOMC can print.
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[sarcasm]It's always nice when someone enters the discussion only to push their wares. It really entices me to purchase whatever it is they are selling. The readers of this thread obviously don't have the skills to navigate to the "Goods" forum, even if they wanted to make a purchase. Oh, if anyone in the thread is interested, I have a tractor for sale. You know, you can use the tractor to dig for gold nuggets. Where did I put that link again?[/sarcasm]
Been lurking on this for a while. Sarcasm appreciated. I'd contemplated leading with the information that I have an associate with both tungsten and depleted uranium rings and he hasn't seemed to suffer any ill effects of daily wearing them (So there are non military uses that are much less lucrative), but I thought I would start with the commerce and see where that took it. |
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I'm balancing in favor of silver:gold at least up to 25:1. I wouldn't be a silver seller until 15:1 but then I get to see things that many don't. The draw down of reserves on both is pretty stark currently, but when/if BASEL III is implemented, we may see even more.
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Because the people who are crazy enough to think they can change the world, are the ones who do. -Steve Jobs The silver - gold ratio has been knocked out of whack by the ETF markets and manipulation (if you listen to http://HTTP://gata.org). There are some pretty telling signs of it, so it is hard to discount that. Silver is the currency of the people, and Gold of the kings, but one of the intrinsic qualities of gold and silver is the physical nature of the silver and gold pieces. A half ounce silver piece is about as big around as an ounce gold piece due to the relative masses. The smallest silver piece produced in the US was a 3 cent piece, much thinner than a dime, and it was used to provide change for stamps purchased. People were reluctant to buy a stamp with a 5 cent piece that had silver in it and get change only in copper (which is a base metal, not a precious metal) and only get a paper stamp sticker to send their mail. So the US Mint produced these tiny 3 cent pieces with a prominent 6 pointed star on it. The silver gold ratio has been around 16:1 for most of the last few thousand years, so you would get a silver dollar and a 20 dollar gold piece, with alloys (mostly copper) filling in for the weight and size. With the crypto currencies, we have a different characteristic, the ephemeral nature of them. New Liberty Dollar is putting out a specie (physical bullion based coin) for crypto currencies that will have a QR code linking to the current spot market price of the coin in the different crypto currencies, as well as many fiat currencies. https://bitcointalk.org/index.php?topic=269535It is the first of its kind, a global currency, and we will do both silver and gold. |
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You said "I doubt that many of them worked their way up from the mailroom." Guess what? Most did.
No, I'm going to ask that you back that up with statistics, and I'm certain that you will not be able to without defining "mailroom" to mean something other than the lowest level of responsibility in a given company. http://www.statisticbrain.com/ceo-statistics/74% of chief executive officers have at least a four-year college degree. "Entry level" for college graduates in almost any industry translates to having more responsibility than sorting mail. I suspect most of them started out in lower-to-mid-level management and worked their way up. I have no doubt that a very small number of them did indeed "bootstrap" their way from janitor to the corner office. But it's a very small number. So straight out of college they're hired as an executive? I don't think so. They may not be sorting mail, but I don't see how they could possibly have a higher level job than anyone else in the company. And a janitorial job is a dead-end one. You don't get promoted from janitor to anything else. Plus, what were they doing in college and high school? I'm guessing they had some sort of job. I'm going to define mailroom as the lowest level job that still allows for promotions that could lead to CEO. Because a truck driver or janitor will never become a higher level employee because they aren't proving themselves to the company. Maybe they'll become head truck driver or head janitor, but you can't jump from there to an executive position. In a trucking company, a truck driver could become CEO. What you are looking for (by "mailroom") is the lowest level rung within the core competency of the company's enterprise. |
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Wow, that museum looks really amazing. I would be delighted to see these represented there. This piece does represent a piece of history. There has never before been specie of any kind that was not only money worldwide, but also translates its value through a QR code link into local currency as well as bitcoin. That the first piece of this kind bears the distinctive BTC on the obverse is to honor the great gift to humanity that bitcoin represents. We contemplated other communities into which to introduce this piece, but selected this one for lots of great reasons. So far you all have proved the wisdom of that through your generous welcoming and enthusiasm. |
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There will be an auction posted soon for one of the first strike coins. Stay tuned for that.
Also congratulations to those that have pre-ordered to lock in the silver price at the current levels.
Looks like you already did well for that as silver is on the rise!
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Nice.
Getting good pictures of these is not easy. I am sure it looks even better in person.
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The combination of bitcoin and precious metal specie is very powerful. Bitcoin is perfect for the long distance transaction, precious metal for the in person transaction. Some of the other complimentary elements are discussed in detail here: https://bitcointalk.org/index.php?topic=269535.msg2883593#msg2883593We are producing a new specie for bitcoin and other alternate currency with a unique characteristic... a QR code emblazoned on the piece that connects to the current spot market pricing for the piece in bitcoin (and all other currencies) so that you can always determine the current spot trade value of the piece at point of trade. |
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Historically 15-20:1 for gold to silver ratio over the last few thousand years.
So either gold is coming down a lot more or silver is still going up 4x to reach historical averages.
Its probably not too late to buy silver.
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Most banks keep fairly accurate records.
Most also have well staffed anti-fraud departments.
Determining whether or not a transaction has happened is not complicated.
Evidence tends to point to the truth.
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