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Chaang Noi about to get much richer.
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Gold collapsing. Bitcoin UP.
Nice to have a constant in an ever-changing world! yep |
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all this means is you weren't paying attention.
And all that means is that you like to blame victims. at what point do you wish to take responsibility for your own actions? |
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Theft and counterfeiting are completely different. Are you suggesting its easier to steal BTC than gold? The difference between theft and counterfeiting is a matter for the lawyers. Both are easy/hard to steal depending on security. A lot of both is stolen, defrauded, scammed, whatever you like to call it. Personally? I have had more BTC stolen than gold stolen (I had a bitcoin plus interest with coinlenders and some dust in inputs.io, no one has stolen any of my gold.) I have had physical gold a lot longer (many years) than I have had bitcoins. all this means is you weren't paying attention. |
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Gold collapsing. Bitcoin UP.
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when are the gold and silver coins coming!  |
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I don't think it's about getting him to buy. It's about him having influence over thousands over people. There are millions of views for his episodes on youtube and getting him to accurately descrribe bitcoin and inform the public is a cause of itself don't you think?
He has literely asked, in one of his last video's, for peoples opinion about it and if we can get some of our more well spoken and well thought members to share some of their thoughts wouldn't that be great? In stead of having that youtube moron reply to his vid?
Excuse me for my english, it's not my native language.
i viewed the video quickly the other day and i don't remember if he asked for donations like the title of this thread implies. if he did, my statement above stands. if not, i stand corrected. yes, it would be helpful to educate him and get him on board. i will say he's had plenty of time to educate himself but there appears to be a mental block with him as there is with many other gold bugs. |
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Maloney is perfectly capable of educating himself about Bitcoin w/o donations. IF he is willing.
Let him buy them if he wants.
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"International conspiracy to knock down USD."?
yeah... funneeeh
the Fed is having no trouble doing this on their own. |
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did they ever get back to you about your rma? and if so how long did it take?
No response yet. Patiently waiting. Can only assumed they are slammed with their own mine and/or waiting for stock... but... yeah. Patiently waiting for a response. They sent me an extra H board... I've pm'd Dave about how much he wants me to give him to let me keep the one I have that requires lower volts, lol. For the sake of curiosity, how long did it take before you got a response ? it only took about a week for me. |
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Here's the V3 image, sorry for the delay. Please *only* download this if you have the new overclocked V3 boards. It will make previous boards run slower (clock reduced due to higher voltage). This is not a new, improved version - its just what we shipped already, in case you get a bad SD card or your SD card corrupts. This new image has a Shutdown button - use it rather than just pulling the plug on the power and your SD cards will do much better! Cheers, Dave Wishing you all the best with your rigs and enjoy the high BTC prices! https://www.dropbox.com/s/skr9vitueeyxwmw/miner-v3-image-11-15-2013-customer.imgthanks Dave! |
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The best part?
"all the people (squids) at Goldman Sachs are trying to figure out how to make money off of this "
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I hate governments BECAUSE they're beasts with many heads.
HOWEVER Bitcoin will be victorious because of this very feature as well: one by one everyone will abandon ship governments out of self-interest. (think Soviet Union)
Yeah that's what I'm thinking. As the rats jump from the ship, the S.S. Bitcoin will be waiting for them with open arms. Not only that, its very presence will allow people to secure their exit before they've actually taken the plunge...and make money even if they decide not to jump ship entirely. while i think TPTB do understand Bitcoin, there's no urgency yet. until something like the stock market cracks and we go into the next recession, which could be pretty deep, all's well and ppl will bide their time. the question has always been, when is that going to happen? can infinite money printing forestall the inevitable? |
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the gold bugs believe in the end of the world and the internet. i don't. that Armageddon play itself is doomed. Bitcoin doesn't mean Armageddon, it is financial innovation. i think the US will somehow weave it's way through the mess we find ourselves in and incorporate Bitcoin in some very useful way. yes, it will take time. that is indeed optimistic isn't it? but Bitcoin is going to prove to be a powerful tool that will benefit all of mankind and i think the US realizes it can't afford to shun it.
I'm both more optimistic and more pessimistic or wary than I think you are. I'm more optimistic about what Bitcoin will achieve for the world, but more wary about what the central bankers will do when they realize the extent of the threat. I'm not saying I necessarily expect these government people to be up in arms, but I expect someone in the power elite to be. Probably many people. I'm not necessarily pessimistic, just wary of what kind of attacks will come. I don't think the banking dynasties will give up without an epic fight, if they aren't too blindsided to wage one. And what if they see the writing on the wall? And they decide "if you can't beat 'em, join 'em"? Being in a position of power, if you could see that bitcoin could really become the world reserve currency, how about buying a f*ckload with your own money? This accounts for much of the speculative value today, given the binary nature of Bitcoin. (And by no means is the writing on the wall.) But after today's hearing the presentations didn't seem as well prepared. And I felt no definitive understand was reached. My expectation is the powers that be saw no pillar of strength in Bitcoin and we'll see resistance from the tentacles of the existing power structure managed through the central banks. seems to me that those banks would have taken the opportunity to really hammer home alot of negative implications during these very hearings. also, why would Bernanke come out yesterday with the positive comment on Bitcoin? not to mention, Schumer got on the band wagon today inexplicably and flat out said he doesn't want to ban Bitcoin. |
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cypherdoc,
There are many levels to "getting it." The crypto part is fine to just understand as magic, and "can't print it" is nice given the recent anti-banker sentiment, but most of the US and the world still believe that deflation is disastrous, for example.
Now I've heard some theories that the Rothschilds, Rockefellers, Morgans, etc. actually understand Austrian economics simply because they've been at the money printing game for so long and were bankrolling Keynes and the general mainstream corruption of economics as a science. But even so, why give up their power so easily? They obviously haven't bought in yet or else the price would be a lot higher...unless they're doing it right now. Buying in a major way would be the only way to preserve the level of power they now enjoy, so I can only conclude that very few of them understand the full implications.
And even if they grokked the implications, they'd probably be like most people and assume it will fail, due a lack of understanding of antifragility, emergent order, open source, etc. I just don't think that many people will get this so quickly due to the sheer number of subjects they have to master.
The main thing: if a sizable portion of the government and power elite were really privy to the full extent of what is happening and the likelihood that it really will happen, the price would be a lot higher now than it is. I can't see the world's most powerful people greenlighting or being comfortable with this thing until they've bought in. Maybe we're witnessing soe of the elites jumping in and pulling strings in an effort to outcompete the rest.
i haven't had a chance to rewatch today's hearings but i recall the very first words out of Senator Warren's mouth at the beginning was along the lines that Bitcoin has the potential to profoundly change the entire financial and monetary system with huge implications for taxes, the reserve currency status, and the like. they're starting to put it together. the one thing we're witnessing though is the parabolic move in the price which is a helpful indicator of what's going on at the hive mind level. it's happening quicker than most of us thought. we almost hit $1000 yesterday. i think we will go back up and clear that level sometime soon. after that it'll be gold parity and that fact alone will rock the world. we're close. then again, it's only 2013. the 10 yr plan puts us out to 2020 if things move along at the Internet adoption speed but maybe we're moving even faster than we did back then b/c we're talking about a new form of money. don't forget i got the "we've got to get moving" thing from you.  and i happen to wholeheartedly agree. even when ppl "get it" it takes them time to act. Bitcoin is so foreign and new that it will cause them to pause. these things tend to come in waves. i convinced 2 of my friends last Spring to buy as the ramp began. we topped @ 266 and crashed. did they buy more? NO. and what did i hear all this past week? whining about how they wished they'd bought more. that's just how ppl act even after they've made an initial commitment. yes, the timing of all this is debatable but all you have to know is that it's going in the right direction. |
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