Bitcoin Forum
May 13, 2024, 07:26:59 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 [27] 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 ... 189 »
521  Other / Meta / Re: "THE LIST" on: August 19, 2015, 08:22:54 PM
Added! Thanks for the heads up guys.

Latest additions to The List as of 2015-08-19:
Quote
y67x8r
corporeal
CP3G2n
WT7KI8
bitswiper

Please update your lists.
522  Economy / Economics / Re: Economic Totalitarianism on: August 19, 2015, 01:35:31 PM
So we had Satoshi on Aug 15 and now Snowden chimes that Bitcoin needs to be fixed:

I'm not sure if Snowden particularly knows what he's talking about in this case really. I mean, the 51% attack is hardly something most don't know about.

http://cointelegraph.com/news/115133/edward-snowden-on-bitcoin-bitcoin-by-itself-is-flawed

“Obviously, Bitcoin by itself is flawed. The protocol has a lot of weaknesses and transaction sides and a lot of weaknesses that structurally make it vulnerable to people who are trying to own 50 percent of the network and so on and so forth.”

'Despite his concern for the digital currency, Snowden believes the concept of tokenization and proof of work could be implemented to create “some very interesting things,”...

BTC flawed 'cause 51% attack? He didn't say anything we didn't already know. Maybe I'm a bit paranoid here but let me believe that Snowden is not some "random chap who thought it would be bad for the USGov to monitor their citizens (and the whole world in the meantime)" and decided to land in Russia's arms. I'm sure that *IF* he's for real, he'd probably had his reasons not to say anything about NSA's attack to the Tor network, in order to reveal who were the overlords of Silkroad. Possibilities he was not aware?

Reverse psychology rulez... Undecided
523  Economy / Economics / Re: Martin Armstrong Discussion on: August 19, 2015, 05:54:03 AM
The government won't entirely disappear any time soon. You'll wish they would. In Rome it got so bad that the people just abandoned their land because the government was so oppressive. Later there was no government in Rome and only cows grazing in the city. But first the totalitarianism.

This is actually happening here, in Greece right now too! History tends to repeat itself so that it reminds the ones who didn't notice (or didn't study enough) what needs to be done. For some peculiar reason I tend to believe that this time will be different though. Technology is a catalyst. Whereas human greed always intervened to the current economic system, math came along to resolve this with a blockchain ledger to witness it all.

That's why I don't believe in a total catastrophe. I (as you've mentioned in a previous post of yours) believe that the solution is always somewhere in the middle, rendering a "gray" shade to the black or white decisions we make as species. Now, there are voices that oppose to the scenario of a "digital" non-inflatable economy. I don't. I believe that if we want a decent world to live in, we certainly need a decent monetary system to run it.
524  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 19, 2015, 05:44:33 AM
If bitcoin gets backed by the NSA is this bullish?

it looks like BS nothing to substantiate it. I think the dump has to do with theymos locking threads that talk about why we need bigger blocks defining talk about bitcoin with bigger blocks off topic, here, on bitcoin.org and on r/bitcoin.

Polls like these tend to be bogus, because people will just troll without expressing their real feeling. I'm long convinced that BTC turns out to be the US Gov weapon of choice regarding the upcoming catastrophe. This is not necessarily a bad thing. If the bubble bursts there will be no person living on this planet who will remain intact.

In a way, I WISH NSA (or some other governmental scheme) is on the train. That means "they get" it.
525  Economy / Economics / Re: Martin Armstrong Discussion on: August 19, 2015, 05:36:01 AM
"Only The Date Is Unknown"

The US and world economies are frauds that are coming unraveled. The Greek bailout is the most recent example of “kick the can down the road” solutions. The US housing bubble was an attempt to cover up/recover from the dot-com bust. Now the US is in a financial bubble engineered to recover from the housing bubble debacle. Soon this bubble will burst. Only the date is unknown.



More: http://www.zerohedge.com/news/2015-08-18/only-date-unknown

There you have it. This is from today's zerohedge site. Government is helpless at this point. Their cover-ups have made matters worse. When the unknown date arrives, America will likely look like some third-world country. Its political system may not survive.
So in essence, this is "The End of Government" that MA predicted.

PS: I've decided to risk a portion of my BTCs following the advice you gave on Klee's thread. As stated there, I don't feel comfortable about it, but more and more I am convinced that your approach of BTC's is essentially a "gold-like" commodity and should be treated like one, is true. Undecided
526  Economy / Speculation / Re: PnF TA on: August 18, 2015, 05:49:33 PM
Everyone should have been short since $315 which is what I said first. And I should have stuck to that. Predicting the short-term moves is going to get you stopped out and you'll miss the entire decline. Everyone who did not short at $315 has already lost the decline to $254.
I sold 310 but shorting is something I rarely do in general. I just don't feel 'safe' shorting BTC, can't explain this lol

Same here, that's why I keep this cold wallet somewhere I cannot reach easily. There's a reason for that. Whenever I sold, it got back to me with a vengeance! I only spend those I have for "play" money. Which in any case won't ever make me rich (well, maybe if XMR goes 200x from its current price)... Tongue
527  Economy / Economics / Re: Martin Armstrong Discussion on: August 18, 2015, 10:27:09 AM
Lol, MA might get married for the first-time in his 60s:

http://www.armstrongeconomics.com/archives/36020

Quote
the coding of the actual AI trading and structure of analysis is done ONLY by myself. There is no employee to be bribed or compromised to get the code. That has been my personal confinement my whole life; that is what they focused on in the movie.

...It has been a choice between work and life. Perhaps the day will arrive where I will get married and try to enjoy life rather than working 7 days a week (no one in particular, what woman would put up with a chronic workaholic?).

We've got many things in common you know; workaholic, coding/working by ourselves, I couldn't tell about your marital status... Just found out that MA is single! Wink FWIW, because I look like you, I have to tell you that I found a woman that got me for her husband so, there's hope! Tongue
528  Economy / Economics / Re: Economic Totalitarianism on: August 17, 2015, 05:00:34 PM
the current centralized financial policy does bring
opportunities for corruption in certain countries, my friend

Exactly! That's why Klee and I think that centralizing BTC is practically replacing fiat with it! Some might say that BTC is already centralized; sure, but it has a unique feature "YOU CAN'T PRINT MORE"! TPTB certainly know this much and probably they're en route incorporating as a global reserve currency as we speak.

Combine all these with the CIA meeting, N.Y. regulation, Gemini beginning... and you can connect the dots easily. Don't get me wrong, there's a plus in this. The "ship" will have the same captain... Roll Eyes
529  Economy / Economics / Re: Economic Totalitarianism on: August 17, 2015, 04:21:54 PM
$1000 dollar currency notes ($1 = 0.98 franc):

http://www.armstrongeconomics.com/archives/35977

Potentially useful info for those of us in Europe for sure.

Just don't forget that European countries have routinely canceled their currencies. But I don't know if Switzerland ever did.

http://www.armstrongeconomics.com/archives/17270

http://www.armstrongeconomics.com/archives/21730

http://www.armstrongeconomics.com/archives/31060

I have reasons to believe that if TPTB succeed to their plan in federalizing EU, Switzerland has great interest into becoming their "Bank Nation". Besides, that's what it was in the first place all these years, by keeping their "helpful" monetary policy towards Euro. A monetary totalitarianism as the one that's been constructed the last couple of decades within the EU cannot leave Switzerland out for many reasons. The Migration policy that's being introduced right now will eventually follow the Dubai practices, (ie: marking the immigrants like animals, and monitoring them via electronic devices cause "possible terrorists"), suits them fine in order to keep their "living standards".

I'm seriously thinking if this is a nice place to live if those things come true... Lips sealed
530  Economy / Speculation / Re: PnF TA on: August 17, 2015, 12:26:33 PM
Longs closed...

Why? You opened short @ $258?
I usually don't care about fundamentals but this XT fork drama seems very dangerous to me. I prefer not to touch BTC while this is unfolding.
No I did not short it, maybe I will at 272 with a stop at 274.

Why decentralisation is key for Bitcoin by @MarkFriedenbach
https://www.reddit.com/r/Bitcoin/comments/3h7eei/greg_luke_adam_if_xt_takes_over_and_wins_the/cu53eq3

Pardon me, but this is probably pure greed behind the XT fork. From the moment that BTC laid its chance to the hands of a "chief" software engineer, that EXACT moment the aforementioned man became BTC's biggest liability. Hardfork or not, I cannot think of anything worse that this thing is done because of Gavin's stupidity (unlikely), or the even worse, somebody paid him to spread disaster. Every person has his/her price. I dare him to prove me wrong and cancel the XT fork.

Yeah... Like he cares.
531  Economy / Economics / Re: Economic Totalitarianism on: August 17, 2015, 12:19:09 PM
$1000 dollar currency notes ($1 = 0.98 franc):

http://www.armstrongeconomics.com/archives/35977

Awesome! Let's see how could the 1/10 rule of the Bank's fiat work now; now I'm thinking of it, this might actually render the Banking System obsolete (at least for a while)! Let's call Draghi to make another stress test, this time at the Swiss Banks! Hilarious!

It's coming fast gentlemen. Cool
532  Economy / Economics / Re: Martin Armstrong Discussion on: August 17, 2015, 10:07:40 AM
No doubt the top-down Coasian barrier is dying. The question is how fast it dies. They are consolidating power because they are dying.

The grassroots will be spinning off from the NWO morass into the technologies that enable them to.

Yes of course they will reset the monetary system at some point in a power sharing arrangement that is pitched to the public as more fair. The question is how many people will still be following their dying system.

Funny you've mentioned Ronald Coase, I was reading an article of his about the tendency of the people to form coalitions or "firms" in order to make business. To answer to your question, in such occasions, the events are cataclysmic. Panic is the catalyst and most of the people tend to panic for no reason at all. So, I guess it will be -literally- days, or weeks at max.
533  Economy / Economics / Re: Martin Armstrong Discussion on: August 17, 2015, 09:54:54 AM
So no end of government for the masses. Yet many people will adopt the individually autonomous Knowledge Age and break free from that morass much sooner. That is why there will be a mixed outcome, initially with a waterfall collapse outside the USA, then with a long-term declining West and a rising East after 2020. However that East will be much more totalitarian (top-down obedient) that we were accustomed to in the West (note my comment on the linked page).

Such a scenario will have to include an alternative to the current monetary system. A Money V.2.0, if you prefer, so that TPTB will still remain at their position and -maybe- even make it stronger. I predict that -if such a transition occurs- some of us will have the ability to upgrade our thesis and *maybe* even form a cluster of opposition. Technology presents a nice weapon for the Knowledge Age, also as, the new generation presents an increased factor of productivity on tech matters.

Interconnected companies are forming the current power scheme, will most probably keep their stand, but this is not a 100% certainty. Not when new tech is rushing out and new companies are being formed at a fast pace. Up until now it was possible to accumulate most of them, but what about after the monetary transition (assuming there will be one)? I'm pretty confident we will have our chance to fight back...
534  Economy / Economics / Re: Martin Armstrong Discussion on: August 17, 2015, 08:58:44 AM
This is from the Telegraph, on Aug.16:

Doomsday clock for global market crash strikes one minute to midnight as central banks lose control
China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations

It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations

When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal.

Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.

The FTSE 100 has now erased its gains for the year, but there are signs things could get a whole lot worse.


This is from today's Business Insider:



http://www.businessinsider.com/the-riskiest-sovereign-bonds-ranked-2015-8?utm_content=buffer25fef&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

This is from yesterday's RT:


Gerald Celente, the founder of Trends Research, who predicted the “panic of 2008,” says the economic earthquake will send reverberations around the world.

“You’re going to see a global stock market crash,” Celente told King World News. “There’s going to be panic on the streets from Wall Street to Shanghai, to the UK down to Brazil.”

“You’re going to see one market after another begin to collapse.”

Doug Casey, a successful investor and the head of Casey Research, saw little to be upbeat about in the current economic climate.

"With these stupid governments printing trillions and trillions of new currency units," Casey, describing the US Federal Reserve’s quantitative easing program, told Reason magazine in a recent interview, “it's building up to a catastrophe of historic proportions."


http://www.rt.com/op-edge/312576-september-economy-crash-eclipse/

Word is spreading, we're going for a nuke-boom, as predicted here several months ago. Weeks? A month? Let's see.
535  Economy / Economics / Re: Martin Armstrong Discussion on: August 16, 2015, 10:06:44 PM
The outcome as always will be a mixture.

It is rare to walk into a room with no oxygen atoms floating there.

Very much agree. We're actually a part of it; you know that much, we're worried about it, you anxiously working on an alternative, we both know we deserve better than this. There's always entropy within the Chaos. A tiny bit, is sufficient. Wink

PS: Goodnight from Greece.
536  Economy / Economics / Re: Martin Armstrong Discussion on: August 16, 2015, 10:01:07 PM
Why do you assume we are headed to end of government? From TPTB's perspective, they think they can maintain control and milk the population like cows.

They have misallocated vast amounts of real capital with their debt apparatus, yet the human race is so productive, we still can't collapse human civilization. Exhibit the work on decentralized technologies.

I'll explain. It's easy to control the masses via money or via a war. War is too risky; no one will take the risk to restart the human race after a WWIII. So it's only money as a mass control device. If their control device collapses, there's a great chance people will form small communities and avoid large corporations to serve them. "MONEY makes the world go around" (https://www.youtube.com/watch?v=rkRIbUT6u7Q), but what would be there if there's no more money? Or, to put it better, if money lose its value? What if, everybody knows that this is just a smoke layer that covers the truth: That they've been using money all those years to keep the people under their will?

So, it's The End of Government.
537  Economy / Economics / Re: Economic Devastation on: August 16, 2015, 09:50:12 PM
You assume IQ is innate. Debt and welfare can give someone a lower IQ.
You continue to make the same error over and over.
Every human brain is unique. Everyone regardless of IQ has a creative input to make not just manual labor. They may not become as wealthy as the other person, but they are not worthless.
You might be worthless though with this derogatory nonsense that has been programmed into your brain by the socialist mass media propaganda.
Malthusian crap has always been wrong and always will. Nature isn't as stupid as you think it is.

Well, I'll have to agree with this. No matter how well you have prepared your business, or a bright idea you had and decided to make money out of it; there's always the factor of "chance". YES, there's choice, YES, there's IQ, hard work, dignity, commitment, public relations, BUT... there's also pure, blind, filthy, LUCK! Whatever you do, whatever I do, whatever ANY AVERAGE JOE does, it's based 50% on luck - if the Universe decides you're not worthy, there you have it.

Unlucky events come in various forms, the most common is a love affair that went wrong. I've once met a PhD guy who got his heart crashed. He tried to commit suicide! I convinced him not to do it, after a couple of days he solved a problem that had been unsolved for the last 100 years. In a parallel universe, where he never met me, he might as well be gone, and that problem would have to wait another 100 years for another genius to solve it. Another form, is a terminal disease; cancer, Alzheimer's, a plane crash, pick your best... you're out of luck GENIUS. End of the chapter.

And, then; there are people who don't have to be THAT rich to have a wealthy life. Do you really need that 300ft boat or the Lambo? Think again. A *really* smart person doesn't need MUCH to live from, he requires LESS to live wealthy, in his own way. He doesn't even have to get a 150 IQ rating - believe me I know many of those.

Life is short. Don't go after much, only those you really need to be happy. That's smart. That's genius.
538  Economy / Economics / Re: Martin Armstrong Discussion on: August 16, 2015, 09:31:40 PM
He's wrong, or he's a part of them; he might be our glimpse of the things to come, from their perspective. I repeat what I wrote elsewhere a couple of months ago, that the scenario where there's no Powers That Be, is worse than the one that they're alive and running the World. I don't know if they form a league, a plutocratic cast, or there are in the form of diversified centers of control, so to speak.

In any case, if they are there, I'm really wondering if they are terrified as I am right now, knowing that all the economic establishment goes down the drain. Have they made their preparations? In what way? Is Bitcoin their "Plan B"? Cataclysmic events of this magnitude are non predictable, thus non controllable. There's virtually no technology to eliminate a tornado if it's started and it's in full power. We can only predict its catastrophic mania and calculate the possible losses. That's about it.

"The End Of Government" means "The ship has lost its wheel", end of story. And that's terrifying.  Undecided
539  Economy / Economics / Re: Martin Armstrong Discussion on: August 16, 2015, 08:58:02 PM
I've been reading carefully what M.A. wrote as an answer in this post:

QUESTION: Marty— Every post is enlightening. I was intrigued that there is no ‘plunge protection team’. I believe you, because you have been behind the curtain. Then what is the ‘Presidents Working Group’ and what does Kevin Henry do? Enlighten me more!

Thank you.

RK



ANSWER: That was a presidential executive order from 1988. I myself was called in back then because of the 1987 Crash. If such a team existed, then what happened in the 2000 Dot.COM bubble crash? Where were they in 2007-2009? I guarantee you they will not be there the next time either.

There is a huge difference from claiming to create some committee and actually having power, funding, etc to do such a job. The closest you have to that is simply the Federal Reserve. They lowered interest rates to help the banks and are now trapped. They have screwed the entire pension fund community and you have the rest of the world pleading with them not to raise rates, but the fact of the matter is there is no such omnipotent group pulling the strings perfectly.


More here:
http://www.armstrongeconomics.com/archives/35973

All in all the question is pretty straight forward. Are there any PTB? Could MA really believes what he's stating or he's covering up something that he knows already?
540  Economy / Economics / Re: Economic Totalitarianism on: August 16, 2015, 08:20:28 PM
PS: Any resemblance to real persons, living or dead, is purely coincidental (or not).

Lol can I at least finish my beer first.

You're one of the very few in here who can sense my taste of humor. I'm having a beer too. Here's to your idea's success then!
Magick Smiley
I try to be cognizant of my ignorance as much as possible

That goes for you too Vokain! Wink
Cheers!
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 [27] 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 ... 189 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!