|
...
macsga
That is a very interesting article, I recommend it to anyone interested in debt defaults.
Reinhart & Rogoff wrote a book (This Time is Different) on defaults over the last 800 years, IIRC they say much the same: that many defaults occur in clusters. The book is just about an encyclopedia on sovereign defaults... Highly recommended!
|
|
|
|
|
...
RodeoX makes some very good points. There is NO assurance that mixing sites will always be around. But, bitmixer.io has worked many times for me, and apparently for many others here at bitcointalk.
Also that new blockchain analytical tools are "out there" which may be able to break mixing.
But, IMO, the only entity able to really crack BTC mixing would .gov. Stay out of trouble, don't break any laws (drug laws, child pron, etc.), and you should be OK.
"Smart mixing" (and other basic security) should be enough for almost anyone. Remember that spending BTC, and having something (a book or gold as examples) delivered to you will reveal you as a BTC owner to someone.
Smart mixing? To hide your trail even more, try mixing with both bitmixer.io and SharedCoin (via blockchain.info) in sequence.
|
|
|
|
|
...
US$ is not a bad solution for the short-term. And the "short-term" could drag out if there is a DEFLATION, making US$ a good hedge.
trollercoaster is in "Oz". So, much of his assets are there. Holding some US$ is already some diversification. I don't know what's going to happen re Australia's and America's currencies.
My preference has always been to being extra-diversified. TPTB is not impressed with my efforts, but I am reasonably happy with my present diversification program (involving Peru where our company is as well as lots of different assets including physical gold).
But, TPTB has shown himself to be a very smart & informed guy. There is much to be said for preparing for a Knowledge Age as he has discussed. And he is AT LEAST partly right, I am just too old to learn much.
|
|
|
|
... I hope that this topic is in the right part of the forum, it's technical and relates to a big risk re Bitcoin. I have been reading that the new Windows 10 OS has a LOT of privacy-destroying "features", including a rudimentary keystroke logger. I read that that using it will expose passwords and other sensitive info to Microsoft. But, what I have read was not at technical blogs or websites! I did see this item at Reddit: http://www.reddit.com/r/Bitcoin/comments/3grgxn/att_windows_10_serious_threat_to_bitcoin_privacy/This of course would make use of online wallets risky, but probably hardware wallets (Trezor and Ledger) less so if they were ALREADY setup before Win 10. I invite comments re Windows 10 and its likely BAD effects on privacy. Maybe having a computer tech install Win 7, say, after I get my next computer? (I am not ready for Linux.........) |
|
|
|
|
...
Possum577
I was here before I got into the Signature Campaign. And I'll be here afterwards should it come to that.
Mostly I am here to learn, ask questions to those who may know the answers, and offer my own opinions. bitcointalk is a nice little place to exchange interesting information about an important technology. There are also some interesting threads I see in "Economic", some views I do not see even at Zero Hedge and similar.
And Reddit just doesn't do anything for me.
|
|
|
|
|
...
trollercoaster and amigos
A lot of weird stuff is happening re China now. I have little doubt that those who say that Chinese economic numbers are made up (hey, if the USA is doing it...). China is a black hole of trustworthy information, nothing good comes out.
There is a fair amount of speculation (last I read, things may have changed) about exactly what happened in Tianjin.
Nonetheless, this gold, Bitcoin and bearing guy is avoiding any investments directly involved with the BRICS. I write "directly involved" because almost everything is tied one way or another to what happens in China now. But, this thought really is more of a "Martin Armstrong" one...
|
|
|
|
|
...
Yeah, sure I would still be interested in Bitcoin. The Signature Ad Campaigns help keep my experience here at bitcointalk more interesting, more tingly knowing that I am participating in a community.
And that I am advertising a service that I use and respect. MIXING BTC helps keep them away from prying eyes.
|
|
|
|
|
...
Miss Fortune
In retrospect, I agree.
But, 2008 was a very scary time. NO ONE knew what would happen. Many of us (my self included) were very worried.
And as N. N. Taleb explains (in his masterpiece books The Black Swan and Antifragile), it is impossible to really look at the past and what might happen after certain decisions going into the future. Like putting the milk spill back into the glass the way it was before...
|
|
|
|
|
...
Venezuela is in big trouble.
And with the price of gold down so much, not even that it enough to save "Chavismo". With guys like Chavez & Maduro, even gold & oil do not help for long.
|
|
|
|
|
...
MF Doom and TPTB
Yes, China is having problems with other countries having lower production costs re export products.
But for relatively complex products requiring certain reasonable quality standards (like rolling bearings), that production will likely stay there. Also re bearing production, robots are rapidly going into Chinese plants, lowering their costs.
We will see in a month or two whether or not small importers of some Chinese products (like us) benefit from lower prices.
And how contagious those lower prices really are (we buy much more from Korea than China, we also buy from Japan).
|
|
|
|
|
...
Possum577
I posted this thread here in "Economics" as Jim Willie has very different views than mainstream economists. He apparently has highly placed contacts that he gets information from. (He is also very entertaining to read: "Doomer Porn")
Bitcoin would seem to be an excellent solution to the "mobility of capital" problem (if governments impose capital controls) as well as the Store of Value problem (although BTC is quite volatile, but it DOES act as a hedge vs. local currencies).
JW should be following Bitcoin! The fact that he does not shows me a flaw in his thinking, or maybe he just has not thought it through. He lives in Costa Rica last I heard even though he is American. Living in another country and liking gold would seem to correlate with interest in Bitcoin.
|
|
|
|
|
...
Hazir
Anyone with an online wallet who travels to Bolivia or Ecuador will then be breaking a law! But, even so, the probability of getting caught is minimal. Even taking a Trezor or Ledger to S. America would seem very safe.
The danger in trading BTC in Ecuador or Bolivia would be your trading partners.
|
|
|
|
... TheRealSteve Yes, that is very true, I did somewhat cherry-pick BitFury's block wins (I probably check those Mining Pool Stats once a day). Variation, yes. Still, BitFury may have an advantage on F2Pool as they make the chips. "Variation" is why I put the "for Now" in the title of this thread.  |
|
|
|
The purpose of the Yuan devaluation is likely to be that the investment opportunities in the local economy had dried up and this was causing rampant speculation. Many were finding they could make more money betting short against the stock market than investing for example in export industry. Also there was a carry trade of borrowing abroad and bringing the money into the local economy to speculate with.
This is designed to boost competitiveness of the export and industrial sector, which will also diminish some of the speculation. This is an admission of defeat on the short-selling ban.
We should view this as a sign of massive global deflation and the coming stampede into the US dollar and US dollar denominated investments such as the stock market.
This is a reflection of the China's collapsing manufacturing sector, which has I believe two consecutive readings below 50. It was turning into a rout. Also labor costs have risen so much in China and the Yuan had appreciated so much that China has become uncompetitive globally with manufacturing costs being about on par with the USA.
Overall this is an ominous sign of the collapsing global economy.
Yes. I just read that China devalued AGAIN tonight. Exporting deflation. I can hardly wait to see if our next bearing quotation from China reflects their devaluation. If it does for small companies such as ours, then it's on like Donkey Kong. |
|
|
|
... Congratulations, TPTB. Don't dawdle in getting your work out to people who can vet it (obviously I cannot). I recall that England's Wiles hit a big snag at the end of proving Fermat's Last Theorem, seems to frequently happen to the best. Maybe some of your Angel Investors might want a peek. Who knows, you might want to get a copy put up very quietly in the cloud (or two or three places) as well as on multiple flash-drives. I would *guess* that you may find a peer or two here at bitcointalk who would delighted to look over your work without much risk of .gov snooping.Run with it. If it's that good, the money's there, some of your problems would be solved. Estonia has good mathematicians and programmers...  |
|
|
|
|
...
bolivarcoin
Please keep us up to date with BTC and Venezuela!
I have read numerous times that something similar (perhaps further along) is happening in Argentina too. I know two relatively rich Argentines who go there fairly often and are both into BTC. Yes, they live well when there.
There would likely be a lot of interesting ways to "play the arbitrage" between BTC, the Venezuelan Bolivar and the US$.
|
|
|
|
|
...
Mengerian & Peter R
Yes, that does make sense. When the amounts to be won from transactions are relatively higher, than I could certainly see:
"Fire that mother up, bitchez, pedal to the metal..."
As the reward amounts get bigger. Kind of the way the PowerBall works, people really start buying when the jackpot reaches over $200,000,000.
|
|
|
|
... BitFury, which has been (mostly) number two in blocks won recently has just moved into first place: https://blockchain.info/poolsBitFury: 103 AntPool: 102 F2Pool: 99 |
|
|
|
China’s central bank devalued its government controlled currency by 1.9% today, from 6.1162 on Monday to 6.2298 on Tuesday (today). Now we should expect the general Chinese public running from their national currency into BTC and USD...
And I guees this step from the PBC was just the beginning
The Chinese bubble WILL bust and when it goes get ready for the biggest pump you've ever seen in your life. Consider that the BTC game is still it's biggest on china. Once china "goes Greece" the pump will be way higher than the Greek pump. Check this out: www.fiatleak.comThe speed of Chinese action during the crash will be sight to be seen. Yes, the Yuan devaluation will perhaps be seen as China abandoning (for now) its dream of being No. 1 in world currency. The IMF will not let them into the SDR Club by devaluing... They are building up their gold reserves, which is about all the good I see out of China today. And, yes, the Chinese bubble is epic. I believe much more is malinvestment rather than forward thinking (needing future apartments for people in the current ghost cities). What is Mandarin for "popcorn"? |
|
|
|
|
Show Posts
