How is it gonna go up 10x while we're all sitting here with our dicks in our hands waiting for daily China bans?  I don't really expect any big moves in a climate like this.  I'm not "bearish", I'm just not expecting some renegade Chinaman to go pump up a $200 spread right now.

In the situation I describe below where there's a continuously decreasing amount of goods and services (perma-deleveraging), I think metals are the biggest winner since they have the least amount of counterparty risk.  But, bitcorn would probably see some benefit too even though Bitcoin has FAR HIGHER counterparty risk than people claim:

There is no need to guess.  The fact they are even bothering with shale oil at all and these mega deep water rigs before that should tell you what's going on.  All these world leaders have been visiting Antarctica recently.  Unless they're building some type of nuclear fallout shelter there, I assume they might be trying to get oil out of there too.  If it's not fossil fuels, I definitely want to know what all these people are doing in Antarctica since it would probably be even more interesting.

I dove into this stuff, what was it, like 10 years ago when the term peak oil popped up everywhere?  It is not just the SRSROCCO guy talking about it.  Russian and US energy analysts + many others have been talking about it forever.  The SRSRocco guy doesn't even talk about the natural gas market, but there it is for you to see happening there too.  So it's all just a continuation of the "peak oil" story except where people used to think it would be some type of immediate disappearance in supply, it's evolving in more complex ways.

It leads you into other questions such as, was the carbon tax entirely just an Enron scam?  A plot to try and force people into world govt that has nothing to do with energy?  Or some type of way to attempt to force people to subsidize the energy sector to maintain the status quo of life?  Or all of the above?  The fact that Trump has this Exxon guy as his new right hand man makes me believe this actually is becoming a big problem.

No offense, but your thesis on a so called knowledge age is completely irrational.  When complex systems collapse, they devolve into simpler ones.  They never jump into a higher tier of complexity.  Complex systems also tend to require exponential resource (energy) curves.  Peak conventional crude oil already happened in 2004.  Peak working age demographic already occurred in every nation that matters.

Wealth comes from people doing work in the real world, not shuffling around papers.  That work is either done from things like burning fuel to do the work for you, or humans physically doing it themselves.  With both working age demographic and energy output declining, people will be spending more time and effort doing work for the basic necessities and nobody is going to be overpaying people for shuffling numbers on a computer unless it involves something to do with solving the energy problem.

"Excess" energy is why a day's wage in Rome was a small amount of silver and why it's a larger amount of silver now.  Instead of humans having to dig it up, the work was being done for free by machines, thus devaluing it's worth.  But, the time of arbitraging "free" energy into depleting all resources like metals as fast as possible is over now (that and the fact peak metals is occurring regardless the state of energy).  Unless fusion power solves all these problems (not likely because fusion is actually low EROI), then we already hit peak energy, peak cheap metals, peak cheap food, and this energy arbitrage scheme is ending, possibly in a Seneca cliff.



Here's one example of such a chart.  Remember that all wealth is based on energy output since abundance is really just machines burning fossil fuels to do work for you instead of you doing it.  In the gas sector, the high energy yielding conventional stuff is all cratering, so all they did was grab more of the lower return on investment stuff to try and compensate (same thing in the oil market).  So, as this cycle continues, your civilization's wealth continues to decrease until you get to the point of borderline thermodynamic collapse if it uses as much energy to drive the shale oil to market as it does to extract it (and shale is low return on investment).

So, I hate to rain on your parade, but there is no so called knowledge age unless there's some type of enormous energy breakthrough.  Russian govt energy analysts see things getting really bad by around 2020 and say there is no technological solution in sight.  There is no coming out on the other side of the monetary reset with some type of "utopia".  In fact, one of the reasons it's currently crashing is because it relies on infinite growth and the energy situation prevents that.

Just politely tell the Chinese that Ripple is not a decentralized currency in the first place (such a thing may not even be possible).  Problem solved.

Lol, a long time ago I went and back tested when the media was claiming gold was a "barbarous relic" and noticed when they were saying that, it was actually the floor and they were all buying with both hands.  The second you see CNBC say to dump something, buy all of it.  Armstrong is probably in on the CNBC scam and was buying while telling everyone it's going to crash.  Now here we are and it's up $70 instead.

This is complete nonsense pretending Armstrong is some type of prophet.  Anyone that has ANY CLUE about the metals markets knows the ESF/FED FORCE the market into reversals at inflection points if they possibly can.  Since the paper market is only one entity, this "one bank", a single player that moves the price around, Armstrong's algo is just backtested data on what this cartel is doing.  But, there will come a point where this cartel is unable to do these actions anymore for whatever reason, and then gold will do the exact opposite of whatever Armstrong thinks since he was never forecasting an aggregate market in the first place.

I do not plan to be sitting on the sidelines like an idiot with zero metals when that happens.  They're called "black swan events" because old men who make believe they're hot shit like Armstrong get railroaded by them and lose everything while people who just dollar cost average always win.

You did not compose much of a valid question since you never cited any type of goal or endgame in the first place.  If you do the math, you will come to the conclusion that Bitcoin needs around 50 TPS (8 MB + Schnorr sigs) to have any type of market penetration in the upper middle class of the world with current population levels (assuming LN doesn't work out).  But, that's the problem - even if you achieve that level, people will demand it have 1000 TPS instead, and so on - never ending goals.  

This means Bitcoin will always be nothing but a centrally controlled technocracy in the end if people are allowed to say it's never finished and always has to have a team of their choosing control it.  Either this thing can be Grovers/Shors quantum computing proofed and then unleashed with nobody working on it, or there is no point in it's existence.  Meaning, Bitcoin has to have some type of endgame or that's an attack vector in itself to be controlled by technocrats.

To me, that endgame is either 8 MB + Schnorr signatures, or if it actually functions right (which I'm not convinced it will) LN + whatever is required to prevent an apocalypse from everyone closing channels at once (which nobody seems to have any damn clue of how to solve that problem).  It seems like to me that transactions would have to be queued in an orderly line to prevent it, and then you're back to square one of not having solved any problem without centralization.

Because it fails in game theory exercise when you have an unorganized mass of people with no "Schelling point" of convergence.  In other words, the value of the fiat is derived solely from government "backing", yet the government just "unbacked" the currency to worthlessness.  This means you could never have more than a small, illogical minority group coming together with that as a solution.  Gold and silver on the other hand derive value irrespective of government, so the Schelling point in these types of situations is always going to be a mad dash to metals instead.

https://en.wikipedia.org/wiki/Focal_point_(game_theory)

IS 9/11 an actual big event, though?  Big for who?  There is no fixed frame of reference for the universe.  Some guys living in the Amazon jungle or an island somewhere likely don't know or care about it.  Are you going to claim that only political events occurring between people that live in skyscrapers matter and everything else on the planet is the equivalent of not existing at all? lol  Or, are you going to claim the people living in the rain forest had a 9/11 event too the same day? (not likely).

If you're going to claim all that's required for this prophecy to be fulfilled is just one of these ecosystems to experience some type of major disturbance on a local frame of reference, you could probably claim that prophecy is fulfilled every day of the year.  What about aliens living 100 light years away?  Are they supposed to experience a 9/11 event too even though the system of time you're referencing is a completely local phenomenon based around arbitrary variables like spinning around the sun...

None of this stuff makes any sense and requires the observer to believe they're a special snowflake where the universe was designed only for them.  As for the paper gold market, it is not an actual market.  A market requires an aggregate group of actors.  The paper gold market is just a fraud put out by the equivalent of a single actor (the one bank).  Armstrong claiming he can predict what this bank cartel will artificially attempt to set the price of gold at is like him claiming he can predict what the number is when I say "guess a number between one and a million", because that is what the cartel does.

The cartel has the problem of banging up against the cost of production, but they can still artificially go below it anyway and bankrupt some miners, usually resulting in a shortage of gold that just makes their fractional reserve manipulation break sooner than it otherwise would have and blow up the whole system, but since it's only one irrational actor where the inputs originate from, there is no way possible to predict what will happen.  Like I said, the equivalent of "guess the number in my head!".  

The street price of gold in India went over $2000 recently as well.  So why is the Crimex frame of reference for gold price more valid than Indian street price?  It's not.  The only reason Armstrong pretends it is is because he's a fraud shilling for Jewish central bankers.

While this scumbag shill Armstrong claims gold is not manipulated, here it is right in broad daylight admitting they randomly manipulate price wherever they want:  

http://gata.org/node/17081

And a chart with around 91% correlation randomly detours completely off course as they try to manipulate it to implement ZIRP/NIRP giving you gold prices that are currently something like 45% off their already manipulated low prices.  Once again proving anything Armstrong says about gold is pure fiction since his frame of reference is the cartel.

Or a Huobi exchange doesn't even exist and it was just a price feed originating from Karpeles' laptop.

This is the explanation for anything that happens in Bitcoin whether it's up, down, or sideways.

I didn't lose a cent on Bitfinex.  The market had turned flat and I knew their exchange was likely insolvent due to the all the irregular activity I saw during Brexit so I got my money out of there on this sideways plateau like a week before they goxed.  There was no reason to even have money on the exchange at that point since there was no volatility.  The only people who got goxed were the type of people who always leave all their cash on exchange 24/7 really.  

Hell, I get nervous having money on Poloniex to trade for even 24 hours, so there's no way I'm going to let money just sit on BitFinex for no reason.

I'm gonna go out on a limb here and say it's the reason 99.9% of people invest in cryptocurrency - as a get rich quick scheme.

As usual, r0ach lives to see another day and was unloading for silver and gold at $1100's.  TPTB allow Bitcoin to rise because they don't want people in the metals market.  I wonder how far they will let it rise once they figure Bitcoin is flooded with Austrian economists who are either selling a large portion, or at least hedging some gains with metals driving the price of those up.

You are over-interpreting the significance of this guy.  There are MANY other people who have done similar cyclical research as this person.  It's just back testing data to try and create an algo to derive the future - nothing more, nothing less.  Sometimes their cyclical data is accurate, sometimes it's not.

http://www.dailymail.co.uk/sciencetech/article-4090434/Is-civilisation-heading-COLLAPSE-Mathematical-historian-predicts-political-turmoil-peak-2020s.html

https://en.wikipedia.org/wiki/Strauss-Howe_generational_theory

We do not live in a deterministic universe.  Most of this stuff just revolves around human behavior; as in, if a generation experiences socialism and it turns out bad, they do not repeat it until several generations later when everyone forgets how bad it was.  Same thing with war, etc.  This does not mean those events are guaranteed to repeat or not, it just means the probability increases over time.

Looks like a MatTheMat quote.