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1481  Bitcoin / Project Development / Re: Bitnotes: paper notes backed by bitcoins on: October 11, 2016, 04:49:29 PM
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You have an interesting idea that I will think about before commenting at length.  However, ALL new ideas and products involving BTC are worth a positive examination.

Generally speaking I think that plain old CA$H is all the paper we need.

This seems a little bit like the OpenDime wallets.  And as cloverme asks, what is the need of this product?
1482  Economy / Economics / Re: Economic Totalitarianism on: October 11, 2016, 04:39:11 PM
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iamnotback & trollercoaster

trollerc, ha ha, I saw a version of the dead fly picture mentioning the suicide by five shots to the back of its head.  Actually, I learned from ZH that flies landing on people has some interesting historical symbolism.  If one does not shoo it away (like most people do), that is a sign that *she* would not be human.  Or else she is dead.  Or shit....  60 billion flies can't be wrong and all.

iamnotback, perhaps a Trump victory, with a pragmatic Trump, cut show a practical & non-whiny approach to Asia that might help reverse the USA's perverted foreign policy.  My hunch is that Trump could easily cut good deals with Duterte and other leaders there.  Still might not be enough to head off the decline of America that you foresee.
1483  Economy / Economics / Re: Implications of a Hillary Presidency: Non-Traditional & Hard Assets? on: October 11, 2016, 04:31:32 PM
The audio of Trump's lewd locker-room comments is likely to bury Trump IMO.

Apparently your assumption is incorrect:

Trump trounced Hillary in 2nd debate according to polls:

https://twitter.com/realDonaldTrump/status/785561269571026946

Trump is growing stronger with more popular support, not weaker.


Maybe I despaired a tad too soon.  I hope you're right, iamnotback.  Yes, most of the reliable polls have Trump winning the debate.  Still behind though in the election polls.

A new meme going around is that Hillary may suffer a BACKLASH, as ordinary Americans tire of the Clinton Team's dirty tricks aided and abetted by our corrupt and compromised MainStream Media.

*   *   *

Let's get back to non-traditional assets.  iamnotback, I will present one in a couple of days that you will probably have positive comments on...  
1484  Economy / Speculation / Re: [Daily Discussion] Monday October 10, 2016 on: October 11, 2016, 05:21:31 AM
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Because of the BTC price spike, the Bitcoin:Gold price ratio is now below 2.00 for the first time in months (easy reference at ounce.me).  At that level (gold cheap relative to BTC) I almost get an irresisitible itch to trade some of my BTC for gold...

*   *   *

I have always wondered about India and BTC.  When we were there almost a year ago, NOBODY I talked to knew squat.  Even some young guys into computers.  It seems like India and BTC would be a natural fit, but apparently not.

I did read a while that India's .gov is hostile to BTC, perhaps under Modi maybe not (?)
1485  Economy / Economics / Re: Implications of a Hillary Presidency: Non-Traditional & Hard Assets? on: October 11, 2016, 05:11:38 AM
https://www.youtube.com/watch?v=z5PqbKiLp0s

Quote
Overstock CEO Patrick Byrne on Gary Johnson, Trump vs. Clinton, and Blockchain for the Stock Market


irritant

Pray tell what those three chemicals (sodium hypochlorite, acetone and ethanol) are used for -- in combination I presume?

After a little more discussion on high-end guns, I have something probably right up your alley...  

Smiley
1486  Economy / Economics / Re: Implications of a Hillary Presidency: Non-Traditional & Hard Assets? on: October 11, 2016, 05:09:32 AM
...

Also interested in the investment value of specialty guns (as I described above).  That AK I bought (a joint-venture version made by the original plant in Izhevsk ("Saiga" brand) and Arsenal of NV (some US parts)) for $1100 (bought six years ago) some three years ago retailed at $2995!  Wow!  Almost a triple!  That would have been about the best investment possible from 6 years ago til then.  And it was a nice gun, I almost regret selling it.

*   *   *

Imagine what these would go for should Hillary try to seize these guns...:

http://onlylongrange.com/bad-news-338-lapua-magnum/

I visited those guys (Montana) once long ago, wrote 'em up at my blog.

That .338 Lapua is a $6000 gun.  Imagine what a piece like that would cost 3 years into a Hillary administration...  The rounds cost some $5.00 each (Hornady NOT recommended by Noreen), FYI lots of ammo of all calibers found here:

http://gunbot.net/ammo/rifle/338lapua/

gunbot.net is a fun little site.

1487  Economy / Economics / Re: Implications of a Hillary Presidency: Non-Traditional & Hard Assets? on: October 10, 2016, 09:56:06 PM
...

OK, time for a really non-traditional asset...

Again, based upon a Hillary Presidency, I propose discussion of high-end guns.  At a bare minimum Hillary is anti-gun and will do "whatever it takes" to slap on more restrictions on gun ownership (and related issues of buying, registration, ammo).  How far she would try to go is unknown.

I'll concede that she will NOT try a mass confiscation, which would be ignored anyway.

But, certain firearms would seem to be possible "investments":

1)  Semi-automatic rifles (AR-15, AK-47).  I bought one for $1100 a few years ago which (used) I sold for $1200.  Semi-autos are already under a microscope, any restrictions on their imports/sales/etc. will almost surely drive prices way up.  Right now in most states the rules of buying a plain old .308 or an AK are the same.  This may change, maybe even by Executive Order.

2)  Similar comments for handguns, especially those with high capacity magazines.  And/or "hollow point" ammunition.

3)  I would think specialty items like .338 Lapua and Winchester .300 Magnum.  Sniping rifles.  Reach out and touch someone a mile away.

4)  Scarce and/or antique firearms that would be collectible for other than firepower...

*   *   *

I look forward to thoughts on this non-traditional investment.

After some discussion, I have more ideas...   Smiley
1488  Economy / Economics / Re: Martin Armstrong Discussion on: October 10, 2016, 09:40:42 PM
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Has Armstrong picked a winner in the Hillary vs. Donald contest?  Honestly, I have no idea who win will win.  I know who should win, but the USA did elect Obama twice...

I started a thread the other day re investment alternatives under a Hillary administration.  Views more than welcome.

https://bitcointalk.org/index.php?topic=1640144.0
1489  Economy / Economics / Re: Economic Totalitarianism on: October 10, 2016, 09:31:28 PM
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It's really hard to get any reliable information (other than anecdotal, which means very little).  While (clearly) $hillary is a horrible woman with horrible ideas, I have no idea whether Trump will beat her.  America voted for Obama twice after all...

What gives me some optimism is the huge number of angry Americans.  Angry at the lying politicians (now including RINOs).  Anger at banksters, anger at all levels of government (esp. federal).  The numbers I have the most confidence in show that median American income has been stagnant since 1973.

There is talk of a backlash vs. the Klintons and their sleaze.  I have no idea how to assess this talk, but it is becoming clearer to the American people (the ones who have not been paying attention) that $hillary is BAD.

*  *  *

Yes, BADecker et al, expect much more dirt from Team Klinton in the coming days.
1490  Bitcoin / Project Development / Re: How much would it cost to create a trustworthy good coin? on: October 10, 2016, 04:55:45 AM
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There is now a HUGE first-mover advantage to Bitcoin now.  It would take a lot of capital (money), work, publicity, personnel (testing code, etc.), marketing, lots of time (for people to test), etc., etc.

And an upstart product of almost any sort is typically (and must be) an order of magnitude better than what is currently in use.
1491  Bitcoin / Project Development / Re: [C#][Github] Watch Only Bitcoin Wallet. Keep track of balance and price. on: October 10, 2016, 04:44:14 AM
♯I think this software must be upgraded to an online service.♯

There is already a good service you can use for "watch-only" purposes called blockchain.info and they even send you an SMS free of charge.

♯It would then become more convenient to use than to install 3rd party software.♯

This is open source, you don't install anything. You go through the code and if you understood the code, you compile it yourself.

Don't get discouraged. Open source software is much appreciated and needed. Keep up the good work. I'm a C# developer myself and always love seeing new C# projects pop up. Would love to help you in any way I can.

Thank you for your kind words. I am still a beginner but I have been improving a lot. I've already gotten some good feedback on my code on Reddit. But I am always looking for criticism and/or contribution in any way.

An idea of a future project that I would like to see would be another "Taint Analysis" tool that would show "taint" (connections) between BTC wallets and BTC transfers.  Depending on blockchain.info (as a monoploy on this type of tool) makes me a tad queasy...

This sounds like a very good idea. I am working on 4 different projects these days 2 of which you can see here (the wallet and making transactions: Raw unsigned and also CPFP transactions) but I will add it to my queue.



I will update the code this week with all the feedback I have received so far, and most importantly I will add documentation to make it easier to understand.



It's guys like you who make the world progress.  I hope that when the time comes that you make some serious coin (Bitcoin?  smile).

There is a lot about the "New Economy" that I still do not well understand (how do you get paid for open-source work, etc.).  But, coding that is open to public review, and with getting notice as author of it, should work out well for you.

Bravo.

1492  Economy / Economics / Re: Implications of a Hillary Presidency: Non-Traditional & Hard Assets? on: October 10, 2016, 04:36:02 AM
...

Wind_FURY

The only problem I have with land (including farmland) is that it is easy to tax -- hard to hide and even harder to move.

Otherwise, yes, it might be a good investment, especially if it can produce (crops, woodlands).  Last I read, cropland is expensive though (and so a low rate of return on your investment).

Commercial real estate now?  Not a buy IMO.  Same with housing in most of the USA.

*   *   *

I have seen water (related) investments as an interesting investment for the future.  I don't know enough to comment though.
1493  Economy / Economics / Re: Is gold better than Bitcoin? on: October 09, 2016, 09:48:17 PM
...

Gold may have an interesting price move this evening after Shanghai gold trading opens.  Recall that gold last week lost some $70 / oz, apparently in a paper-trading frenzy!

If gold goes back up $50 - $70 overnight , then we know there is either (or both) of bogus gold manipulation in the USA or an intense interest in China for physical...

Here's a nice little widget I found not long ago that might provide insight into Shanghai vs. London/NYC gold pricing anomalies:

http://didthesystemcollapse.com/
1494  Bitcoin / Project Development / Re: [C#][Github] Watch Only Bitcoin Wallet. Keep track of balance and price. on: October 09, 2016, 09:43:50 PM
...

I am not a programmer, but I do very much appreciate those who add value with open-source software.  "Adding value" is what it's all about (in making progress).

So: clap, clap  Smiley 

An idea of a future project that I would like to see would be another "Taint Analysis" tool that would show "taint" (connections) between BTC wallets and BTC transfers.  Depending on blockchain.info (as a monoploy on this type of tool) makes me a tad queasy...
1495  Bitcoin / Bitcoin Discussion / Re: BTC has too few coins to function as a global currency. on: October 09, 2016, 09:23:26 PM
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There's plenty of Bitcoin (and will be for many, many years).  Just like there is plenty of gold.  They both share that and other traits they. 

When people say "There is not enough gold to back the US  dollar."

or

"There's not enough Bitcoin to function as a major currency."

they do not understand that there is always enough gold and BTC, at the right price.
1496  Bitcoin / Bitcoin Discussion / Re: COD Infinite Warfare's size is 130GB, and people cry about 85GB of blockchain? on: October 09, 2016, 09:17:11 PM
Obtaining it might be. I've known people with supposedly unlimited broadband who got throttled after downloading 30gb in a month. Maybe they had shit providers.

Yeah, that could be.  On the other hand, anyone wanting or needing the WHOLE blockchain might consider downloading from a special service that has faster service.

I just saw a SanDisk flash drive (256 GB) on sale at Best Buy for $55 (!!).  Memory is getting cheap as we get closer to a denouement in our economy (but that's for another thread).
1497  Economy / Economics / Re: Implications of a Hillary Presidency: Non-Traditional & Hard Assets? on: October 09, 2016, 07:14:56 PM
...

OK, my best *guess* is that not even Hillary would ban gold, and since I am very much a PGA (Physical Gold Advocate), I'll briefly discuss that.  (I'll get to other non-traditional and hard assets in the near future.)

Gold is no longer "money" (as in 1933) in one important sense: it does not circulate as money (gold coins).  The USA claims NO backing of the US$ with gold, and in fact is somewhat anti-gold.  And, in the USA, only some 1% (!) actually OWN any non-jewelry gold. 

Therefore, there is no imperative that I see where Hillary would try to confiscate it (house to-house for example).  She may try to tax it (say a 80% Capital Gains Tax -- which is already punitive in the case of gold -- gold profits are taxed (at a higher rate) as "collectibles").  It must be noted as well that gold owners are almost 100% correlated with gun owners...  So a direct seizure of gold is unlikely IMO.

Gold will protect (maintain its value) better -- given time -- than almost any other investment.  Gold is portable (except getting large amounts onto the plane quietly, I still haven't figured out to do that).  There is always "someone around" who will accept your gold in payment.  Gold will protect to a great degree, its value in a DEFLATION and HYPERINFLATION.

Silver and platinum share to a degree the above investment properties of gold.

*   *   *

Other investments, some lively ideas coming soon...  Smiley
1498  Economy / Economics / Implications of a Hillary Presidency: Non-Traditional & Hard Assets? on: October 08, 2016, 04:52:29 PM
...

The audio of Trump's lewd locker-room comments is likely to bury Trump IMO.  Yes, Hillary has done worse (defending the rapist of the 12-year old, bullying of sexual assault victims by Bill, etc.), but the purpose of this thread to explore what we can do in a Hillary presidency.

My early thinking is that quiet (and hard to steal) assets that retain their value through time are a clear winner.

Bitcoin and gold come to mind.

What else?  Pluses and minuses discussion of assets for defense in a hostile investment climate are most welcome.....
1499  Economy / Economics / Re: Bill Gross, bond guru #1 advises to buy Bitcoin on: October 08, 2016, 04:45:41 PM
...

Bonds, at least for the longer term are probably a bad bet, as interest rates will surely go up (hence bond values down) sometime in the years ahead.  While bonds do well in a deflation (and so might do well as a speculation for a short time), deflation rarely lasts long...

Bill Gross is a smart man.  I believe he is correct that BTC and gold are an important part of safely diversifying.

You can just examine my own moniker (name) here to see how I feel about gold and Bitcoin...   Smiley
1500  Economy / Economics / Re: Mike Maloney & Harry Dent The Great Deflation - Do YOU Agree? on: October 08, 2016, 04:10:53 AM
...

While not an expert, I have wrestled with this issue (among other financial subjects) for many years.  After years of watching and talking and commenting (ZH and other places) my *guess* would be along the below scenario playing out:

1)  The first big thing to happen would be a scary stock market crash, and other bad things things happen to the financial system (bank failures, maybe credit cards not working, etc.).  This would likely be deflationary.

Once things got scary enough...:

2)  The central banks and governments would be under enormous pressure to inflate by printing money (or similar).  Then that would likely lead to hyperinflation.

It could go either way though.  IIRC, Germany had a deflation after their horrid experience with hyperinflation in the 1920s.

Since we really have no way of knowing would will happen (not even Maloney and Dent -- although they are both smart guys), my suggestion is to be diversified in asset holdings as well as having as little debt as possible.
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