I know, right? I suck at writing. Won't even try to hide that.  

Notice how the MSM wants to take every possible piece good news for Bitcoin and turn it into a negative?

Every. Single. Time.

Just wait guys, next year the launching of Bitcoin ETFs will also be "bad for Bitcoin" too.

Got to keep Average Joes far far away from Bitcoin. Or at least for another 10-20 years.  

Someone from the BCash camp gave Rick Falkvinge the green light to write it and put it out there. And I believe that he wrote it as a quite serious, passionate diatribe. It was full of narcissistic hubris and swagger in support of BCash and it's supposed principles. The same kind of crap we hear from Ver and Wright. But it inadvertently showed how much centralized control and influence over BCash and its supporters that they want to enact. Like a fkn cult or something.

It's only when the whole thing backfired and their camp received backlash and derision, that they started walking it back as some sort of "joke" or "prank" or some attempt at satire.

Rick is one of those political figures that deep down might mean well, but has now become so egotistical and full of himself that he truly believes that everything that he writes is awesome and that people are moved by his amazing, eloquent prose. Which is neither amazing nor eloquent.

Jamie Dimon at odds with his own company? I thought he was going to fire anyone that was trading with bitcoin?

http://www.businessinsider.com/bitcoin-price-record-december-5-jp-morgan-digital-gold-2017-12

Respect lost. Will never trade there, ever.

Eh...but who am I kidding, I never trade anyway. 

If true I've lost all respect for them.

Well, there might be a silver lining. Futures trading heavily weighted to the buy side. So support for the underlying will likely steadily flow in to BTC. Not all of that will leave, creating buying pressure over time.

According to how the Bitcoin Reference Rate (BRR) will be calculated, it appears that intraday volatility will have very little effect on the futures price.

http://www.cmegroup.com/trading/files/bitcoin-reference-rate-methodology.pdf

I believe you're right. Should be Mon.-Fri., normal U.S. stock trading hours (9:30am-4p EST).

Oh I agree. Bitcoin is better and easier in every way than physical gold.

Gold as insurance and a fairly stable store of value can work as well, but the establishment has made sure to first de-monetize it and then crush it to the point of near extraction/refinement cost. That was their plan all along. People, esp younger generations, just aren't interested in owning precious metals anymore. And I can't say that I blame them.

Good lord, you know it's getting bad for the establishment when they trot out Jim Rickards to defend precious metals and slam Bitcoin:

http://www.businessinsider.com/economist-jim-rickards-bitcoin-versus-gold-price-manipulation-2017-12

Btw, it's now widely believed the Jim Rickards is secretly working for the establishment. Like a paid double agent constantly shilling for Gold, which he and the CFTC knows full well that Gold will never go anywhere pricewise as long as they have their thumb on it with billions in naked short paper contracts...

Here's the Proudhon Rolex:


And here's the CSW BCash knockoff:

"Would bitcoin help teach kids about saving?"

No, kids are stupid.

And bitcoin is apparently not even teaching most adults about saving, much less kids.

Great to see you back.


Haha. Can this be the name of the next Big Bang Theory episode?  

And numerology, like JJG likes to accuse me of..

Confirmed. Because sources.

One thing to consider, Tim Draper is part of the wealthy elite and may be an insider. Meaning that in the circles that he runs in, he may get insider information that ordinary people on the street don't.

I believe he may have known a year or two in advance about the CME Group launching Bitcoin futures trading, and the NASDAQ Bitcoin futures on the way. He may also be aware of current Bitcoin ETF discussions. Perhaps he knew that once these discussions got underway and launch dates got closer, the price would run up and eventually hit his $10k price prediction.

This is just a guess. Is that insider trading? Well not really, he probably just knew what was being discussed in certain circles and the eventual impact it would have on the market.

He only loses if he takes the $200 in cash and never buys any bitcoin. I'm fairly certain that bitcoin will be much higher come Jan 1st 2019.


He owes me nothing. He has to hold the bitcoin for a year. If he sells before the deadline, then he'll simply lose my respect for not honoring the terms of the bet. A test of his hodling ability through the peaks and valleys.


The bet is not really designed for him to lose. It's a way to get him exposed to bitcoin without him risking anything.

So I'm making a holiday bet with an in-law.

I offered to pitch in $200 for the holiday X-mas meal that he is cooking for the family. He also has a poor attitude toward Bitcoin.

So instead of giving him dollars, I'm going to make him a bet instead just to prove Bitcoin is better. And he loves bets.

The bet will go like this:

1) I give him $200 in bitcoin instead of cash.

2) BUT, he has to hold it until at least Jan 1st, 2019 and cannot sell no matter the price action.

3) If the value of bitcoin falls below $200 by that date, I will give him enough bitcoin to make up the difference in value.

4) If the value of bitcoin stays equal to or rises above $200, he keeps it all and can sell if he wishes.

It's a win-win bet for him. I'm doing this because we need to convert more people to see the power of this new "digital gold".