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2221  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 14, 2015, 02:28:08 PM
oops, Dow's given it up again.  but it's still early...
2222  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 14, 2015, 05:36:35 AM
We discussed this gambit years ago. It's hilarious to see it play out exactly as predicted. The oligarchs rabble rabble.

If anything, it will be a tacit admission of Satoshi's brilliance minus the currency unit. Without the unit there is no incentive for miner or user participation.

In fact, I'd like to see them secure it with SHA256. Just for the lulz of seeing them get 51% attacked.
2223  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 14, 2015, 05:17:11 AM
It begins

Exclusive: IBM looking at adopting bitcoin technology for major currencies
http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312

they're making a number of faulty assumptions.
The cool people will buy Apple, not IBM.

the idiots will buy IBM's blockchain, not Bitcoin's.
2224  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 14, 2015, 04:45:02 AM
It begins

Exclusive: IBM looking at adopting bitcoin technology for major currencies
http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312

they're making a number of faulty assumptions.
2225  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 13, 2015, 11:52:23 PM
we do have a confirmed Dow Theory non confirmation in play.  just b/c the $DJT has bounced back up above the secondary low pt doesn't mean it has been invalidated.  i'm looking for a continued reversal downwards after today that takes it down to new short term lows.  if so, that's trouble for the economy.

here's the largest mine in the world:



nat gas:



food index:



SLW breaking down again:



PAAS never did get outta bed:

2226  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 13, 2015, 07:27:46 PM
Dow -80
2227  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 13, 2015, 06:10:48 PM
Oh look USD index and stocks are back up together.. wonder who predicted that? Smiley

doesn't look up to me.  in fact, i would be looking for a reversal of last weeks fortunes.
2228  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 13, 2015, 06:08:10 PM
Jon Stewart taught us that sometimes it takes a comedian to tell us the truth.  presenting Scott Rose:

https://www.youtube.com/watch?v=EzFOwFXlR48

Jon Stewart tells the truth? He really only tells half of the whole truth, the half that his very ideological audience wants to hear. In ignoring the other half of the truth and only bashing one side, he in effect presents a falsehood. At least that has always been what I've seen.

well, i don't watch all his interviews but his decimation of Jim Cramer forever earned my allegiance:

http://thedailyshow.cc.com/videos/fttmoj/exclusive---jim-cramer-extended-interview-pt--1
2229  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 13, 2015, 06:04:08 PM
I guess Bitcoin isn't the only platform for criminals  Smiley  http://techcrunch.com/2015/04/12/behind-paypals-foreign-assets-violations/

"At the time, PayPal had screening technology, yet it was under-employed. And in some exceptional cases, employees had been notified of the condition but continued to allow payments to be made."

yet in 2011, PP was clamping down on the poor 18 yo kid that was selling me my gpu miners.
2230  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 13, 2015, 04:45:26 PM
Jon Stewart taught us that sometimes it takes a comedian to tell us the truth.  presenting Scott Rose:

https://www.youtube.com/watch?v=EzFOwFXlR48
2231  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 13, 2015, 04:22:31 PM
alot of us like to follow Uber to get an idea of how another disruptive tech that goes straight up against an entrenched incumbent is fairing.  apparently quite well.  that is good news:

http://www.bloomberg.com/news/articles/2015-04-07/uber-is-winning-over-americans-expense-accounts

Now if they will start accepting bitcoin already....

i think that is inevitable.
2232  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 13, 2015, 03:45:25 PM
alot of us like to follow Uber to get an idea of how another disruptive tech that goes straight up against an entrenched incumbent is fairing.  apparently quite well.  that is good news:

http://www.bloomberg.com/news/articles/2015-04-07/uber-is-winning-over-americans-expense-accounts
2233  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 13, 2015, 03:21:47 PM

Both of them did a great job.
2234  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 13, 2015, 10:58:12 AM
Bitcoin burrowing deeper:

http://www.business-standard.com/article/companies/infosys-to-re-engineer-finacle-revamp-compensation-structure-115041300355_1.html
2235  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 12, 2015, 04:46:12 PM
Actually, gold is just gold. Its just been worshiped as the best proxy for exchanging things the longest.  But make no mistake, the idea of putting "faith" in gold is no different than putting "faith" in something like bitcoin.  It's an idea competing for followers.  Nothing more, nothing less.  How many people believe in it, embrace it, write books about it, develop industry and education around it and develop a full working economy around it is what takes it from an idea to global proxy of exchange.
Faith isn't the best word. You don't need faith to use them because you have faith In the science behind them and the experts that certify them.

We put faith not only into the math but also into the Game Theory.

But then Nash put math into the Game Theory.
2236  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 12, 2015, 02:20:21 PM
British banking scandals have wiped out 60% of profits since 2011

http://uk.businessinsider.com/kpmg-british-banking-profit-report-and-scandal-costs-2015-4
2237  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 11, 2015, 01:39:46 AM
I won't buy a hardware wallet until I'm satisfied the hardware designers have earned their pay.

That means using custom circuits that minimize the need for turing-complete components and formal proofs of correctness.

Until then, I don't see them as being appreciably better than my air gaped Armory offline laptop.

While you might have a point about the price of the Trezor, I'm more of the mind to get these types of much needed open source projects out sooner than later so that the community can start hacking away to improve them. The Trezor is pretty darn good.
2238  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 10, 2015, 11:29:08 PM

Looks like, it is only question of time when somebody will steal your pKeys. There are endless possibilities how to do it. ... Can sidechains with multi layers of defense save our stored value?

edit:
http://www.ebay.com/bhp/micro-spy-camera
http://www.top10spysoftware.com/


If you read the report carefully, you'd see that his attack is only possible if no pin or password is used.
2239  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 10, 2015, 06:14:38 PM
Stocks on the rise again

Yeah, don't go short until the DJI  breaks its secondary low point.
Go long not short

not now
Its only up about 500 points this week

Snort, snort.
2240  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: April 10, 2015, 04:51:00 AM
Stocks on the rise again

Yeah, don't go short until the DJI  breaks its secondary low point.
Go long not short

not now
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