$20k by Xmas. 


I can smell it. 

Yeah Im supportive of ETFS. 

 I think we can assume they still don’t have all their coins. They would’ve spent a lot of on legal fees.

Badger finished nap?

I think many of us are looking forward to the 1 Jan Coinbase dump.

Reddit two weeks ago.

The major exchanges are within $300 of each other. How odd. 

Gresham’s law:  https://en.wikipedia.org/wiki/Gresham's_law

Bitcoin is good money because it can’t be inflated away.

It’s going to have to be about 1,000 times it’s current size to do that.  And I’m all for that.

Gab0:

No.  

Sometimes the obvious answer is the wrong answer.  The block size limit is a technical security parameter to defend against spam attacks.  The reason fees are so high is because Bitcoin is $16,000 at the moment.

You need patience.  Lightning Network is already in beta. We will have Lightning within a year.

If you cannot wait a year, then Bitcoin is maybe not the right coin for you.  There are plenty of other coins to choose from.  

If you wish to engage in a long discussion of the merits of large block vs small block, then this thread is not the right place to do it.

Holy cow.  Litecoin up another 67%.  I remember when it was $2.

More pressure from the SEC on ICOs:

https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11

Go buy shares in Shell then or Texan wildcats. But a boom in PMs is laughable.  

I worked with a company that could drop a full gold plant into the Burmese jungle (or anywhere else) for US$20 million.  That’s cheap enough that any moron can do it.    And unlike coal, you don’t have build a rail line at $2 million per mile to get the product out.

Well said.  We are still a 1000 times short of mainstream adoption.  And thats good because LN has only just started beta testing. 

It’s not a shitty precious metal either that you can shovel out of the ground as soon as the price rises.  I don’t think you guys realize how many shuttered gold mines there are around the world that can just be turned on with the flick of a switch.

The reason PMs sit at close to their cost of production isn’t a Jewish conspiracy.  It’s because there are mines whose operating costs are just above the current market price that are temporarily non-operational that will flood the market with any uptick.  And that’s not counting planned major expansions of existing mines that are just waiting on a business case.  Anyone hoping for long term CG from gold clearly doesn’t understand how modern mining works.

Historically gold was a store of value due to inelasticity of supply. Modern mining technology has flipped that on its head and made supply highly elastic.   So we need to find a new commodity with an inelastic supply to act as our store of value.   I wonder what that might be?

Tungsten is the precious metal for men. It is naturally occurring and is one of the main elements responsible for the development of human civilization. Without tungsten, we would not have the incandescent light bulb.

As precious metals are becoming the only safe bet in the otherwise volatile investing markets,tungsten may be the word’s most precious metal of the century.

BUY TUNGSTEN !

Wonder if the CBOE shorts are having a relaxing evening. 

Tera I assume you flogged off that Bcash awhile ago?  It is back down to 0.082.

BFX ATH $110 to go

Those Wall Street types won’t know what has even hit them at the next halvening.  Although I doubt they can see past the next quarter in any event.