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6441  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 07:19:06 PM
lol, such bankster failure.  look here:

http://www.coindesk.com/ing-future-bitcoin-protocol-include-central-bank-functions/

the mere fact, however, that they mention Nobel Prize and Bitcoin in the same sentence proves we're on to something and that they are worried.
6442  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 05:36:01 PM
"The common understanding is that the UK 'helps' Africa through aid, but in reality this serves as a smokescreen for the billions taken out," said Martin Drewry, director of Health Poverty Action, one of the NGOs behind the report. "Let's use more accurate language. It's sustained looting – the opposite of generous giving – and we should recognise that the City of London is at the heart of the global financial system that facilitates this."

http://www.theguardian.com/global-development/2014/jul/15/aid-africa-west-looting-continent?CMP=twt_gu
6443  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 05:07:05 PM
Whitepaper for journalists:  Encryption Works: How to Protect Your Privacy in the Age of NSA Surveillance

http://live.washingtonpost.com/nsa-surveillance-bart-gellman.html#Other-countries
6444  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 05:03:46 PM
NSA Surveillance: Q&A with reporter Barton Gellman

http://live.washingtonpost.com/nsa-surveillance-bart-gellman.html#Other-countries
6445  Bitcoin / Development & Technical Discussion / Re: NSA and ECC on: July 15, 2014, 04:50:58 PM
In making its recommendations, the VCAT specifically addressed NIST's interactions with the National Security Agency (NSA). The report states, "NIST may seek the advice of the NSA on cryptographic matters but it must be in a position to assess it and reject it when warranted."

"The report also recommends that NIST review the current requirement for interaction with the NSA and recommends changes in instances where it "hinders [NIST's] ability to independently develop the best cryptographic standards."

"We will continue to work with the best cryptography experts in the world, both inside and outside of government," said May. "At the same time, we recognize and agree with the VCAT that NIST must strengthen its in-house cryptography capabilities to ensure we can reach independent conclusions about the merits of specific algorithms or standards."


http://www.nist.gov/public_affairs/releases/crypto-review-071414.cfm
6446  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 04:48:52 PM
In making its recommendations, the VCAT specifically addressed NIST's interactions with the National Security Agency (NSA). The report states, "NIST may seek the advice of the NSA on cryptographic matters but it must be in a position to assess it and reject it when warranted."

"The report also recommends that NIST review the current requirement for interaction with the NSA and recommends changes in instances where it "hinders [NIST's] ability to independently develop the best cryptographic standards."

"We will continue to work with the best cryptography experts in the world, both inside and outside of government," said May. "At the same time, we recognize and agree with the VCAT that NIST must strengthen its in-house cryptography capabilities to ensure we can reach independent conclusions about the merits of specific algorithms or standards."


http://www.nist.gov/public_affairs/releases/crypto-review-071414.cfm
6447  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 04:17:55 PM
SLW fails to sustain the breakout attempt:

6448  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 04:02:09 PM
"Barclays: There has been no long-term shift in bearish sentiment"

“Overall, we believe that physical demand has remained short of expectations, the latest price increase having been driven largely by speculation,” wrote Eugen Weinberg, commodity strategist at Commerzbank in Frankfurt, in a note."

http://www.marketwatch.com/story/gold-slips-but-trend-still-points-higher-2014-07-14?mod=wsj_share_tweet

oh my, tradercj, oh my.

Bitcoin down, Mr. Shill.  Amazing how "people" like you can't seem to fathom a world where both Bitcoin and gold flourish.  No matter, more profits for me.  Thanks.

Oh, and since when does the Bitcoin community give two shits about journalists negging Bitcoin?  Same goes for PMs in my book.  Let them scream bloody murder, I'll be laughing.

you know, there's a reason why your name has a little "t".
6449  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 04:00:35 PM
Gold and silver shorts back in the green.
6450  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 03:56:44 PM
Gold collapsing.  Bitcoin up.
6451  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 03:54:35 PM
The bad actors and incompetent have been incentivised to keep on failing whilst productive, law-abiding savers have been disenfranchised and stolen from ... bailouts and inflation.

Krugman was not just an apologist for this criminal behaviour but a vociferous proponent and political activist in many ways. He should be indicted imho, leaving academia in disgrace is too good for him.

Notice too the connection between Krugman and all those "bad actors" in our society who reap the benefits.  The mindset is exactly the same: Narcissist, big ego, too-big-to-fail, bullying, condescending, low EQ and no empathy, and eventually unmasked and dismissed for being incompetent.  There are not many differences between Krugman and many awful C-level executives that I've met in my day.

great observation.
6452  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 03:14:30 PM
Cameron is tweeting as if it's all but certain:

https://twitter.com/winklevoss/status/489060649838714881
6453  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 03:04:57 PM

you guys should take the time to read all the articles on this event.

Could it be the beginning of the end for the Keynesian Theory school of thought? After all, Krugman has been one of its major proponents over the years. Several mentions of the gold proponents arguments were put forward as ground for getting rid of Krugman.
6454  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 02:51:50 PM
Timothy B. Lee is also having a hard time seeing the blockchain being used for smart contracts:

https://twitter.com/binarybits/status/489034866085093376

On this one I agree with him .. it will be on the Namecoin blockchain. It has more space and tools set-up to store title hashes already, also it is merged-mined with bitcoin so provides a similar level of hash-power security.

Smart contracts will be better performed by low computational cost transactional servers like openTXS servers, with linkages to hashes anchored in the namecoin blockchain.

None of this is new but people chose to listen to fairy tales instead of putting in the hard yards to understand.

well then, you agree with me first:

"The blockchain may only ever be applicable to Bitcoin as Money"-cypherdoc
6455  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 02:38:23 PM
Timothy B. Lee is also having a hard time seeing the blockchain being used for smart contracts:

https://twitter.com/binarybits/status/489034866085093376

On this one I agree with him .. it will be on the Namecoin blockchain. It has more space and tools set-up to store title hashes already, also it is merged-mined with bitcoin so provides a similar level of hash-power security.

Smart contracts will be better performed by low computational cost transactional servers like openTXS servers, with linkages to hashes anchored in the namecoin blockchain.

None of this is new but people chose to listen to fairy tales instead of putting in the hard yards to understand.

come on over, the discussion is continuing...
6456  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 02:27:40 PM
Timothy B. Lee is also having a hard time seeing the blockchain being used for smart contracts:

https://twitter.com/binarybits/status/489034866085093376
6457  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 10:27:25 AM
Wow, what a shocker. I had no idea Krugman!

http://www.forbes.com/sites/ralphbenko/2014/07/14/is-paul-krugman-leaving-princeton-in-quiet-disgrace/
6458  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 10:12:37 AM
“The Internet revolution is accelerating this year and I imagine that, sooner or later, Rakuten will start accepting money in the form of bitcoin (an internet virtual currency).
Bitcoin offered a more stable option to some countries even over their own national currencies, he added."

Another potentially interesting angle is that Rakuten has its own bank, offers credit cards, has its own securities brokerage and runs the e-cash network of RFID-chip cards known as Edy.


http://www.coindesk.com/japanese-retail-giant-rakuten-hints-bitcoin-acceptance/
6459  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 05:40:25 AM
Down to 32%. Well under control:

6460  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 15, 2014, 03:38:17 AM
Nice table of storage threat scenarios to which I have contributed:

http://www.reddit.com/r/Bitcoin/comments/2apnpy/gametheory_bitcoin_security_scenarios_scenario_16/
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