Gold and silver have nothing to do with being a "hill billy".  For example, if you believe the market cap of bitcoin and metals had both peaked, the only logical game theory move in that circumstance is to dump all the bitcoin for metals since metals are more anti-fragile, more fungible, and less counter party risk.  That is the basis of what defines the lower levels of Exter's pyramid.  If there is no yield to be had, or even negative yield, there is no reason for money to go anywhere besides what is most safe.

In terms of how much money I've put into Bitcoin and how much I've taken out, I'm up around 33x right now and every Bitcoin I own is completely free, but could have done a lot better profit-wise (mostly in terms of selling some alts too early).  Yes, I am "mad bro" that I'm only up 33x when I could be up 100x or something instead if I capitalized on every opportunity perfectly in alts.

I've never thought Bitcoin was actually better than metals, just that it had higher upside in the past, but at 1 MB blocks and no functional LN (which I'm not real confident can be done in a decentralized manner), I think the price could probably get stuck at $10,000 - $20,000 a coin, assuming it even got there.  So to me, the potential upside in silver is as good or better than bitcoin nowadays while having less risk.

The gold potential upside is around 20x, or ~ $20,000.  Silver would maintain at least it's current ratios and 60:1 would be assured ($333), but it seems more likely the GSR would narrow to at least 30:1 ($666) in the process of metal revaluation.  And of course going back to the traditional 10-15:1 would just be bonkers profits.

It's more like people live some type of hedonist or aimless lifestyle when the times are good, then things turn bad and society immediately reorganizes exactly the same way prisons are - genetic groups.  Then you get this:


Anonymint being the only whitey in the Philippines, I figure he will provide excellent use for the local natives in times of need:

First Cliff High, now we have another join in for my price numbers today:

https://srsroccoreport.com/historical-official-data-reveals-golds-value-should-be-20-times-higher/

He thinks nations in Europe will have to dump gold reserves into the open market to pay for random shit/defaults on their obligations.  If they actually put up the gold for sale OTC, a nation like China or Russia would just buy it at spot or higher because people are already paying far above spot for locating large amounts of gold, so it really doesn't make much sense.  The fractional reserve gold exchanges likely want the stuff to reduce danger in their leverage too when it seems the US was already importing gold from Europe to prevent a run.  I don't think you can stop the metals under "the dollar is too strong" Trump.

Not all Jews are trying to destroy western civilization, but most people who are trying to destroy western civilization are Jews (or just their paid cronies like Lindsey Graham, McCain, Rubio).  Someday you will figure out this is an objective fact and that women didn't just become SJWs out of nowhere.  The colleges who are run by Jews like Larry Summers and the media run by the same people spammed their propaganda for years to accomplish this.  Feminism is just a very slightly altered form of cultural Marxism and everyone with two brain cells to rub together knows who is behind cultural Marxism.

The end result is that you are left with a Machiavellian choice.  The only way to fight collectivists is with a collective solution, and there is no more collectivist group on earth than the Jews.  Deport them all; put them all in a rocket ship aimed at the sun; it doesn't matter.  All that matters is not being an idiot and figuring out your only choice comes down to either getting them out of your country in some manner, or they're going to enslave or destroy you.  

The Jew's signature trademark move, just like what they've currently done to America, is to infiltrate a nation, practicing extreme nepotism to take positions of power and form a state within a state, controlling it to the detriment of the native inhabitants.  The so called Hitler "final solution" choice was because anyone with two brain cells knows how these people function and deporting them solves nothing.  They would just take over a different nation in the same manner and use them as useful idiots to attack you with some type of manufactured cause.

Jews as a whole - just imagine hundreds of thousands of Bill Mahers walking around because there's your prototypical Jew - are the most devious, deceitful group of people on the entire planet.  Just like the Bill Maher you're already familiar with, their native tongue is literally the lie. You underestimate them because you think it's not possible for humans to act this way, that they would all have to be sociopaths or psychopaths.  They help overcome this step by classifying themselves as the "chosen" and you, the "goyim" as something below them.  Group evolutionary strategy where your lives do not matter and only theirs does.  They've written out the Torah and Talmud to state exactly that.

Look at the following video from just yesterday.  The Jew has no problem whatsoever lying to your face to accomplish his goals.  Just like the Mossad slogan "by way of deception" - yes, this is their actual slogan - the Jew shows you and even tells you beforehand exactly how he operates:

http://www.dailystormer.com/white-men-against-trump-protester-called-out-as-filthy-jew-rat/

Lol, it's conspiracy that other exchanges operate similar to how MtGox did?  Since we're all aware MtGox actually existed, that's not "conspiracy theory", it's precedent for the Bitcoin market.

MtGox never actually went anywhere...Bitfinex became MtGox:

Original poster hates Trump and Putin.  Odds of being a marxist jew = 4000%.

Lost 0 at Bitfinex.  I told everyone I know to remove funds from there after Brexit because it appeared someone (probably Finex owners) were naked shorting with infinite money as I talked about here:

https://steemit.com/news/@r0achtheunsavory/bitfinex-is-lying-about-the-hack-and-i-can-tell-you-exactly-what-likely-happened

I even have screenshots still of right when Bitfinex came back online post-goxing.  See anything fishy in this picture?  An insolvent exchange in which nobody is actually going to put money on has all these big staggered walls on the sell side clearly all belonging to one entity (the house).  Bitfinex is an actual bucketshop 100%.



The fact that not Bitstamp or any other exchange passed Finex in volume post-finex collapse and Finex is still leading in volume even with no margin enabled shows how big of a scam the current bitcoin market is.  It's as if whenever a Karpeles Willy bot dies, a new one just pops up on a different exchange to trade with customer funds.  What happened on Finex appears to be no difference whatsoever with what happened on MtGox, yet Finex was somehow not forced out of business while Gox was.




From my analysis as I talk about in the following link, the only reason gold has value is prevention of counter party risk.  Since gold alone is not capable of such a task, if gold is monetized in any way, silver value always comes along with it:

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-vol-8-the-real-fundamentals-involving-gold-silver-and-copper-as-money

It sounds like semantics, but I would say it's not.  

There's a saying that gold and silver are money and everything else is debt/credit.  This is true.  Fiat can default if your sovereign no longer honors it, like what happened in India with demonetization of bills.  Bitcoin can default if it becomes unusable somehow.  It's not possible for gold or silver to default because it exists as more than a concept.  Yea, the perceived "value" can change, and individual borrowers can default - which is just an obfuscated form of theft - but the system itself doesn't default.

Looks like the "tinfoil hats" were the ones believing the non-r0ach narrative:

http://www.dailystormer.com/white-men-against-trump-protester-called-out-as-filthy-jew-rat/

I warned you guys for years and people didn't listen.  Bankers are literally shilling in the streets now:

http://www.dailystormer.com/white-men-against-trump-protester-called-out-as-filthy-jew-rat/

Current bitcoin fundamentals:

You can always er on the side of inflation and use proof of burn instead, or you can go the route of separating the monetary unit and consensus unit into two different tokens.  If your consensus token is a separate token from the monetary unit, you just give the consensus token inflation but also burn them, while your actual monetary unit isn't experiencing any of the associated inflation or deflation.

There was my idea for doing this, which is basically combining PoW open entropy consensus with DPoS scaling:

https://bitcointalk.org/index.php?topic=1550027.0

This is nonsense.  The only reason you can type such a thing right now is because nobody has been priced out of on-chain transactions yet.  As soon as that happens (which is definitely not far away), that's when bitcoin hits a wall due to what I said here:


This is the gorilla in the room.  It turns out Roger Ver is wrong because slightly bigger blocks solves nothing.  Bitcoin would require a full blown LN capacity or it doesn't really have a value proposition.  The only question is, can the LN actually function?  It seems like to me you would have to place all channel closing in a centralized queue, so I have my doubts about LN.  And that is the real fundamental analysis of Bitcoin that most people in this thread either can't comprehend or sort of know there are issues like this but choose to ignore them and hope someone will pump it anyway.

So for bitcoin holders to have any value for their coins would need both miners to adopt segwit and LN to actually work in a decentralized manner, and there is currently no assurance for either one.  Although, I think it's likely they will pass segwit once people figure the conclusion I derive is true.  But then you still need LN to work in a decentralized manner or it's just some obfuscated form of Paypal.  Economy of scale might already cause terminal centralization for the 1st tier bitcoin network in the first place though, by driving the reqs to participate to corporation level.

From a fundamental perspective, people that can actually understand how all these variables interact (which I think are very few) know that in current state bitcoin is relatively broken in terms of long term workability.  The only question is how high can the price go before people figure that out.

I already posted the TLDR version for people who don't get it:

Well, the goal as per thread topic is for us all to lose our money as fast as possible with MatTheMat, so we will need to figure out which one is the most optimal to accomplish the task.

That doesn't sound very invincible.