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1061  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 31, 2014, 11:56:40 PM
We are in a currency war and China has us by the balls. The Fed might be taking orders from China and not really giving a fuck about the domestic situation.

China wants the USA to have a strong dollar.

Everyone wants the USA to have a strong dollar to enable exports, not just China. But I completely disagree that China has us by the balls, if at the same time they want a strong dollar.

The US has already exported manufacturing and borrowed to the hilt, so there is only one direction for the US dollar and that is down. What we are seeing now are competitive devaluations by every central bank around the world. Japan is printing like crazy, China has tons and tons of debt that will have to be bailed out, and now the US gov has decided there has been enough mercantilism by China and they will print like never before to stop it.

All currencies are on a downward path now, and central banks are fighting to keep up with the others. This is a first for humanity and will not end pretty.


Every nation wants to devalue their currency, to soften their self-inflicted economic blows.

Only the Bitcoin supra-national currency can handle the kind of deflation that is needed by the capital markets to begin functioning healthily again ....
1062  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 31, 2014, 11:21:34 PM
Sure is slow lately =/

its the calm b4 the storm.

feels like short term trend is reversing, this is a slow process.

i think as long as we don't have any bad news confirmed, things are going to get real interesting, real soon.

hang in there.



I agree. Price is generally sticky, it is due to human psychology, people are most happy to pay today what they paid yesterday. It was sticky at $1, $10, $20, $100 and now here, but the pressures building beneath remain relentless http://www.bitcoinpulse.com/ coinbase now at 10,000 wallets per day and blockchain.info ~6,000 per day

Eventually the building demand pressure overwhelms the stickiness and demand outstrips supply at the margin and then we need to re-adjust price to reflect the new reality that has built up in the time that the price has been stuck, hence the volatility. It is not going to be smooth climb up to to saturation level pricing because humans are human.
1063  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: January 31, 2014, 11:09:33 PM
Gold adoption rates saturated ... that's it's biggest problem right now.
1064  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a catalyst for Health Care (Worldwide) on: January 31, 2014, 02:44:33 AM
For what it's worth I am a doctor.
The other day I was considering how open source has created complex computing and financial structures that we might have previously thought needed big business.

Perhaps there is some way a blockchain reward based system could be used to crowdfund future medical research. Not sure how yet though.

Block chains could be used for mutual assistance savings schemes where members would vote on treatments covered in an efficient, representative way without having to reveal the identity of the individuals and their illnesses to others int the group.

MediCoin?

... redeemable for private health care.
1065  Bitcoin / Bitcoin Discussion / Re: Is Gavin Andresen Sincere when he says he cares deeply about privacy in Bitcoin? on: January 31, 2014, 02:35:43 AM
Better clients will get adopted by the majority of the network ... you are essentially concerned with a centralisation of the software development (and it could be a valid one). But if it proves to be a long term problem the ecosystem will react accordingly in an emergent way.

E.g. if you are given the choice between free client software that includes privacy tools and free client software that doesn't, which will you choose to install?
1066  Other / Politics & Society / Re: Former CIA chief: Snowden should be “hanged by the neck until dead” on: January 30, 2014, 10:39:05 PM
You mean the military that bombs civilians, rapes/assaults its female members, discriminates against homosexuals, loses extremely expensive military hardware and is losing to a bunch of men wearing turbans who are using weapons that still have wood as the crafting material for its stock?

That U.S military?

Oh, I forgot the NSA is the military ... hmmm, send in the People's militia?
1067  Bitcoin / Press / Re: 2014-01-30 Bloomberg - Bitcoin Needs Tighter Rules Than Banks, Say Prosecutors on: January 30, 2014, 10:37:41 PM
Yawn ...

... wouldn't it be great if people had to actually know what they were talking about before being asked to speak publicly? BTW what does it mean when someone puts "Jr." after their name, Jerk?
1068  Other / Politics & Society / Re: Former CIA chief: Snowden should be “hanged by the neck until dead” on: January 30, 2014, 08:23:17 PM
Quote
Why hasn't Clapper been charged or arrested yet?

Congress is just as corrupt as these guys, if Congress did anything the intelligence agencies and contractors would turn on them and vice versa so they work together out of convenience and try to cover their tracks, except of course everybody knows better now and doesn't believe a word any of them say.

Sounds like time to send in the Military Smiley
1069  Other / Politics & Society / Re: Clapper: Snowden and media “accomplices” should return our documents on: January 30, 2014, 07:45:43 PM
Director of National Intelligence James Clapper isn't the most popular guy in Washington these days. Support for reforming bulk surveillance continues to grow. More lawmakers are becoming convinced of the point of view of US Senator Ron Wyden: that Clapper lied to Congress when he denied that "any type of data at all" was being collected "on millions or hundreds of millions of Americans." On Monday, Rep. Darrel Issa (R-CA) and five other lawmakers sent a letter to President Obama saying Clapper should be fired.

It's unlikely that Clapper's comments today at a hearing of the US Senate Intelligence Committee will quiet things down at all. Clapper reiterated his position that the leaks by former NSA contractor Edward Snowden are continuing to cause "profound damage" to the US security.

"Snowden claims that he’s won and that his mission is accomplished," said Clapper, according to a transcript of today's hearing published by The Washington Post. "If that is so, I call on him and his accomplices to facilitate the return of the remaining stolen documents that have not yet been exposed, to prevent even more damage to US security... The nation is less safe and its people less secure."

The use of the phrase "accomplices" caused several journalists to question who, exactly, Clapper was referring to. "I guess he means us?" tweeted Spencer Ackerman, national security editor at The Guardian.

http://arstechnica.com/tech-policy/2014/01/clapper-snowden-and-media-accomplices-should-return-our-documents/



Isn't lying to congress perjury?

Why hasn't Clapper been charged or arrested yet?

These guys are operating in criminal territory, and have been for a long time I believe, all they do each time they get caught is to hoodwink Congress into passing new laws that cover up their previous crimes.
1070  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 29, 2014, 08:09:17 PM
How they managed to get all the stupidest people talking about bitcoin in one room in NY amazes me.

I haven't heard a whisper about fungibility or censorship-resistance as being great properties of good money .... you know, like things people like and want for their money to have.

They are really stuck in this "State knows best" intellectual cul-de-sac ... cluster-feck for the mini-minds. Good luck NY, you're fecked.
1071  Bitcoin / Press / Re: 2014-01-28 Will Canada Become 'The Silicon Valley Of Bitcoins?' on: January 29, 2014, 08:02:15 PM
It'll be either Canada or Switzerland. Most of the other nations have declared themselves anti-Bitcoin.

Yep, these are the places to be for Western bitcoin start-ups.

Prepare accordingly.
1072  Bitcoin / Press / Re: [2013-01-28] REUTERS New York may offer virtual currency regulations this year on: January 29, 2014, 08:01:15 PM
So has anybody attempted enlightening this jumped up Lawsky about fungibility and censorship-resistance being desirable properties of money?

He's the regulator of money right? Shouldn't he know what is good money and bad money? Why does he want bad money, that is broken and doesn't work properly?
1073  Economy / Economics / Re: Why do bank IT systems keep failing? on: January 29, 2014, 06:09:41 AM
... these massively centralised systems are doomed to failure, it is a mathematical surety.

We just have to prepare for the ultimate collapse when the failures cascade from one megabank to another, and finally the interlinked SWIFT, SEPA and FedWire settlement systems crash simultaneously.
1074  Economy / Economics / Re: Which "Economist" did you followed and made money...? on: January 29, 2014, 06:06:33 AM
Hayek.
1075  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 28, 2014, 10:58:29 PM
ok ... new sentiment low, "men from mars, woman from venus discussion"


think we accelerate upward trend from here.
1076  Bitcoin / Bitcoin Discussion / Re: Jamie Diamon’s Comments On Bitcoin (WTF!?) on: January 28, 2014, 01:11:55 AM

Just wonder long it is before the CEO of a major bank, like JPM's Dimon, has their electronic existence hacked into oblivion?

The sword of lawlessness is double-edged ...
1077  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 28, 2014, 12:47:24 AM
NY prosecutor acts the day before NY financial regulator holds hearings on bitcoin ??

Oh yeah, you can be sure wall st. is active in bitcoin now ... this is exactly how they operate.

You were warned, hope you hold your coins close now ya hear?
1078  Economy / Economics / Re: China Halts Bank Cash Transfers on: January 27, 2014, 02:11:05 AM
Maybe they are preparing for the Great Reset?

The New New Bretton Woods.

All currencies are locked together, as per SDR and linked to a basket of commodities. Banks closed for 2 weeks to sort out the winners and losers, etc, etc.

China has been telegraphing such a move for over 5 years now.
1079  Bitcoin / Bitcoin Discussion / Re: Gavin will visit the Council on Foreign Relations on: January 27, 2014, 01:13:03 AM
In my honest opinion, he should accept and use that opportunity to invite them to join the open community of Bitcoin. Unconditional help is always needed.

Yes, if they are that interested, there is always work on the wikis and attending bitcoin meetups to be done ...
1080  Economy / Economics / Re: Gold: I smell a trap on: January 27, 2014, 01:09:58 AM
watching  Cheesy
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