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461  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 27, 2013, 08:15:49 PM
Gold collapsing.  Bitcoin UP.
462  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 27, 2013, 06:12:43 PM
pure and utter misery:

463  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 27, 2013, 03:19:27 PM
Gold, here we come.
464  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 26, 2013, 07:40:46 PM
Gold collapsing.  Bitcoin UP.
465  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 26, 2013, 04:19:52 PM
so explain to all of us why they let gold rise from $250 to $1921 from 2000 to 2011.

don't say they manipulated it up as that wouldn't explain why Gordon Brown sold the UK's gold reserves at the bottom of 2000.

They thought that because of their successful manipulation, gold was cheap in 2000, so they would like to buy some from UK and other signatories. It was not needed to actively manipulate it up, it would rise quite naturally after so long suppression.

Gold's market cap had become minuscule compared to their derivative machinations so buying up more and more gold was not a sacrifice for them.

In 2000 they thought that gold would be useful.

but they, in this context, implicates central banksters/bullion dealers and thus the Dark Side.

Gordon Brown and the Chancellor of the Exchequer are part of them.

there's an inconsistency in your logic.
466  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 26, 2013, 03:31:36 PM

The mystery here is why is not gold going up, at least moderately?

Gold is heavily manipulated.  Primarily this is done by sovereign wealth funds and central banks.
Saudi and USSR used to be the big movers.
Of late it has been the US federal reserve dropping the price over the last year or so, ever since a handful of nations asked to repatriate their gold.
So... since the price is set by the ETFs these days, the bullion banks can sell naked short the ETF as much as they like, backed by the Fed.  They can take many billions in slippage losses in the fiat currency to drive it down.  
Once they have the physical at the new lower price, they can buy and ship.  They asked the foreign nations (Deutshland primarily) to wait seven years for delivery (even though the gold would have fit on a few jumbo jets and logistically could have been arranged in a matter of weeks).

The gold price is primarily not set by the market in which we participate, and hasn't been for a long time.

Perversely as dollar risk rises, some folks will move to gold from bonds as interest rates climb so the gold bears will get some help there too.
When it gets cheap enough, they will load up their truck with the stuff.

so explain to all of us why they let gold rise from 250 to 1921 from 2000 to 2011.

don't say they manipulated it up as that wouldn't explain why Gordon Brown sold the UK's gold reserves at the bottom of 2000.
467  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 26, 2013, 04:56:21 AM
Gold collapsing.  Bitcoin UP.
468  Economy / Speculation / Re: Financial Risk Analytics-Subscription Service on: November 26, 2013, 02:30:51 AM
gr
469  Bitcoin / Bitcoin Discussion / Re: Highlights from the Senate hearing on: November 26, 2013, 12:03:46 AM
you ruined it by including Sen. Mark Kirk!

otherwise, quite a useful edit to send to skeptics.
470  Bitcoin / Hardware / Re: [ANN] US/North American Bitfury sales now open ***full prototype pics*** on: November 25, 2013, 09:57:46 PM
Here's the V3 image, sorry for the delay.  Please *only* download this if you have the new overclocked V3 boards.  It will make previous boards run slower (clock reduced due to higher voltage).

This is not a new, improved version - its just what we shipped already, in case you get a bad SD card or your SD card corrupts.

This new image has a Shutdown button - use it rather than just pulling the plug on the power and your SD cards will do much better!

Cheers,
Dave

Wishing you all the best with your rigs and enjoy the high BTC prices!

https://www.dropbox.com/s/skr9vitueeyxwmw/miner-v3-image-11-15-2013-customer.img

has anybody tried this image successfully?

this version wasn't assigned an address by my DHCP router like the others.

I tried it with my old v1 M board. Works fine, but I think the chainminer is based on the older version, with some changes like automatic detection of v1 M board. There's a shutdown button on the web interface. miner.h was also changed to default speed 52.
471  Bitcoin / Hardware / Re: Visit of ASICMINER's Immersion Cooling Mining Facility on: November 25, 2013, 07:13:08 PM
now that is extraordinary.

and ppl keep worrying about the US gubmint banning Bitcoin.  i don't think so.
472  Bitcoin / Bitcoin Discussion / Re: Peter Schiff - Who would you like to see debate him? on: November 25, 2013, 06:24:06 PM
Matonis
473  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 25, 2013, 05:21:05 PM
a new milestone.  3 yr daily chart.  plumbing new lows:

474  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 25, 2013, 11:22:44 AM
Gold collapsing. Bitcoin UP.
475  Economy / Speculation / Didn't Dan Kaminsky say that we were supposed to fail by Dec 31st? on: November 24, 2013, 08:24:12 PM
Well, if that's the case, we better get going.

As I recall, it was supposed to be from increasing centralization:

476  Bitcoin / Hardware / Re: [ANN] US/North American Bitfury sales now open ***full prototype pics*** on: November 24, 2013, 02:25:22 AM
Here's the V3 image, sorry for the delay.  Please *only* download this if you have the new overclocked V3 boards.  It will make previous boards run slower (clock reduced due to higher voltage).

This is not a new, improved version - its just what we shipped already, in case you get a bad SD card or your SD card corrupts.

This new image has a Shutdown button - use it rather than just pulling the plug on the power and your SD cards will do much better!

Cheers,
Dave

Wishing you all the best with your rigs and enjoy the high BTC prices!

https://www.dropbox.com/s/skr9vitueeyxwmw/miner-v3-image-11-15-2013-customer.img

has anybody tried this image successfully?
477  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 23, 2013, 06:13:42 PM
It just occurs to me that divisibility is one of Bitcoin's great features as a investment, you can't normally buy fractional share on the stock market, or a fraction of an ounce of gold/silver, so when a bubble is forming small time investors have to avoid buying as they risk losing dearly in a market crash, but even when BTC price reaches $10000/BTC you can still buy 0.001 BTC and take advantage of the potential rally continuation, as the most you can lose is only $10, this would potentially make Bitcoin the first product to be investable, and investable rationally by everyone, even really deprived people.

And vice versa.

Unlike a stock or bond , which is for the most part illiquid, you can hold bitcoin as an "investment" right up to the moment you want to spend it on something useful. Take the Gyft card as an example. Hold Btc, let it appreciate, then buy at the most efficient time with a small fraction of your holdings.

I've been doing this with my vpn service. Put 0.8 btc on my phone at the beginning of the year and declined to pay for a year's worth of service and opted instead for monthly service knowing the value of the btc was going to be going up. Whereas I had about $80 of purchasing power at the time, now I have about $640.

Only with bitcoin.
478  Economy / Speculation / Re: How many bitcoin parabolic rise and bubble crash have you been through? 1, 2, 3? on: November 23, 2013, 08:59:01 AM
nah these last two are baby crashes. the slow painful slide down from 17 was the real bitch. slowly sucking hope from the bravest Smiley

There will never be a crash as bad as the 32 to 1.96 slide.

That was torture.
479  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: November 23, 2013, 08:39:01 AM
Btc is gonna pass gold parity and no-one will hardly notice it will be gone that fast.

There is nothing so powerful as an idea who's time has arrived.

That thunderclap is gonna rock the world.

And then gold will be forgotten, just like silver.
480  Bitcoin / Hardware / Re: HashFast announces specs for new ASIC: 400GH/s on: November 22, 2013, 11:13:15 PM
actually fyi, Simon called me this morning and we had a nice long talk about a variety of things.

they are working as hard and fast as they can to get these things out.  i told him everyone was quite upset and he feels badly but literally has had his nose to the grindstone trying to get everything together.  but it is happening and he is more optimistic, as am i.  i too have been worried but feel much better after talking to him. 

these units look really good and i am excited to get them.
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