I believe Armstrong is arguing implicitly that the low in gold and Bitcoin may come after 2015.75 with the mad stampede out of the Euro and emerging markets into the dollar as a safe haven and the spiral effect to cover the several $trillions in dollar shorts abroad:

http://armstrongeconomics.com/archives/30928


http://armstrongeconomics.com/archives/30932


He wrote recently we could see reaction rally in gold (and BTC?) this summer.

I am contemplating if the bulk of the dollar rally will come suddenly (as it did for the Euro), then capital will shift/trade within dollar assets into 2017, e.g. a US stock bubble in 2017. In that case, perhaps the bottom for gold and BTC could be attained within months after 2015.75?

Bad etiquette to quote thyself, but I want to draw attention to the additional thought that upper 0.1% and the lower 50% (in the power-law distribution of wealth) are actually in bed together and synergistic (google Some Iron Laws of Political Economics).

We The Upper Middle Class Workers of The Knowledge Age have to go create the coin that serves our vocation which is virtual micropayment commerce. And it will need it to support strong anonymity, because we exist in defiance of that upper 0.1% and the lower 50% at this stage of the contagion/cancer.

<joke>Even if discounting the Jack Daniels attack.</joke>

Edit: I gave up when I read the background of his CTO. Perhaps I am too presumptuous and I am open to clarification, but my limited exposure to the principals so far elicit in me the scent of greater-fool promoting, patent trolling, rent-seeking, top-down, proprietary lock-in backgrounds.

Bad etiquette to quote thyself, but I want to draw attention to the additional thought that upper 0.1% and the lower 50% (in the power-law distribution of wealth) are actually in bed together and synergistic (google Some Iron Laws of Political Economics).

We The Upper Middle Class Workers of The Knowledge Age have to go create the coin that serves our vocation which is virtual micropayment commerce. And it will need it to support strong anonymity, because we exist in defiance of that upper 0.1% and the lower 50% at this stage of the contagion/cancer.

Saying "it works" without understanding how it works is short-sighted.

Twice or thrice I tried to find technical documentation (wading through all the promotional crap) and was stifled, so I assumed it is centralized bullshit.

CoinCube I pretty well fucked myself in that errant discretion area long ago, e.g. picture my resume "1994 - 2015 resided most of the time in Mindanao". So I had no choice but to exit the system and work for a system where the pedantic, irrelevant past can't matter.

I assert that having a good record in the dying NWO system is of diminishing utility. Hope you cash in your NWO chips with good timing.

A system which can't forgive the irrelevant is obviously bankrupted.

It says that bad money drives good money out-of-circulation.

You are advocating we drive BTC out-of-circulation and make it another gold. And inferior form of gold because it has third party risk.

Crypto-currency's strength was never to be an inexorable store-of-value (Satoshi did hook the goldbugs with his mention of inflationless future). It was always about a (speculation on the) synergy of decentralization and commerce being uninhibited (permission-less) and thus freed to grow faster.

I want to fulfill that goal. Bitcoin is about fulfilling the NWO goal (or as you wish dying on the vine as some bastardized gold so you can assert your early adopter ego).

Edit: I am not visualizing Bitcoin as the one-world reserve currency, which will rather be a political power sharing compromise amongst nations with a monetary reset. I see Bitcoin being used to spread digital currency to the masses and force traditional banking and governments into electronic currency (which coincides with the War on Cash). Bitcoin is a clever Trojan horse created and planted by the DEEP STATE to force the move away from cash. They planned this out well. I am impressed.

I seem to rebut people before they writeread:

Ahem.

Does this guy live in the same world we live in? Has he looked at the BTC chart since 2013?

Did you make any point? Seems like you just affirmed what I asserted. Bitcoin was an obscure hobbiest nothing until the MSM started covering it.

P.S. I did come late. I glanced at the Bitgold essay circa 2008 or 2009 but didn't really digest it deeply, and was thinking a lot about how to make sound money decentralized in that period from 2008 to 2011. But I was too distracted to pay close attention to Bitcoin. By the time the pizza was purchased for 10,000 BTC, I had fallen into Multiple Sclerosis and other personal issues that were consuming me. I didn't come to this forum and look deeply into Bitcoin until late 2012 and early 2013 when rpietila had pinged me once or thrice. I was very preoccupied as I was in the ER and ICU with acute peptic ulcer in May 2012 (that was leaking acid into my body) and my M.S. went bezerk after the 3 weeks of massive antibiotic doses. I had severe gastronomicalgastrointestinal issues manifesting towards end of 2011. Around 2010 is when my feet started swelling up to grapefruits. There were other personal issues.

My point is had my mental focus been present, I would not likely have been late. You will end up eating that "noob" comment recycled out of your ass over and over.

Or maybe Mircea is shorting BTC.

Here we go again. I wrote upthread that you just push the scaling problem onto sidechains, which means under the currently known best crypto-currencies designs they fail to remain decentralized also.

You've got to address the fundamental scaling issue. Bitcoin's design is fundamentally flawed, if decentralization (and scaling) was the goal.

The blockchain is being centralized in numerous vectors, so even limiting block size won't stop the Sybil attack takeover by pools, the capture of > 50% of the hashrate with the 21 Inc buiness model, the centralization into ASIC farms with usury and access to low priced or collective subsidized electricity (make the people pay for their own enslavement with subsidies).

The sidechains will be Coinbase, Circle, Paypal, etc.. and they will have the most users. So go ahead and fork away and see how many people follow you. The richest 0.1% are onboard the NWO plan and will prefer to monopolize the MSM fork than to defect to your ideological, hobbiest store-of-value. Who are your allies? Where is your market?

That is why I identified a fledgling market which can grow larger than the NWO economy within a couple of decades.

Realize whether you increase or not the block size, the centralization of (any MSM fork of) Bitcoin is unavoidable.

If you want a different outcome, you need a different experiment and target market. That is what I am doing. You can join if you want to succeed. Or not. I don't care.

Because the TPTB used their mainstream media to promote it. Not because as you asserted that eventually users learn to become ideological after the discovery and learning about the evils of fiat.

You are delusional if you assert you are where you are today without the mainstream media and the elite promoting Bitcoin (in their usual Good Cop, Bad Cop hegelian methodology where they both restrict and promote simultaneously as they do for drugs).

You haven't read my posts about gold.

I entirely disagree. I predict you will throw your gold into the street one day (or at least bury it in the ground foreverfor numerous lifetimes as they did in the Middle Ages).

Forcing txn fees higher to contain the blockchain bloat would also implode the BTC price because you will destroy the ideological propaganda that caused people to predict much higher BTC prices due to network effects.

You would essentially be relegating Bitcoin to a hobbiest experiment on the virtues of small currencies used by a fraction of the population with that population sparsely distributed over the globe.

And you get the same result if you increase the block size, due to the centralization it ultimately enables.

Catch-22. Checkmate. NWO design.

In Marketing 101, the chicken-and-egg problem is an example of what to NOT do.

Killing off the dead system that is oppressing them is not giving them to the wolves.

During a period of adjustment to greater prosperity (and productivity), family, church, local community, and close friends provide the optimum safety net because they know the individual circumstances closely.

Socialism destroyed the family unit. Boomers didn't give a fuck about their kids and vice versa. So yeah these people are ill prepared because they forsaked the local safety net for the BIG government promise. They enjoyed it and were even boastful and defiant.

Humanity will anneal to compassion. Humanity is basically compassionate. TPTB will try to foment hate and war.